Save Money on Volvo C70 Insurance in Plano

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Discount Volvo C70 insuranceThe recommended way to find cheaper car insurance rates is to start comparing rates regularly from companies that sell auto insurance in Plano.

  1. Get a basic knowledge of how companies set rates and the measures you can take to keep rates low. Many rating factors that drive up the price such as traffic violations and a negative credit rating can be rectified by paying attention to minor details. Continue reading for additional tips to get affordable coverage and find missing discounts.
  2. Request rate estimates from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like GEICO and Allstate, while agents who are independent can quote prices from many different companies. Start a quote
  3. Compare the new rate quotes to the price on your current policy to see if switching to a new carrier will save money. If you find better rates and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.

A tip to remember is to try to use similar limits and deductibles on every price quote and and to look at as many auto insurance providers as possible. Doing this enables the most accurate price comparison and a complete selection of prices.

A recent survey discovered that most auto insurance customers have purchased from the same company for a minimum of four years, and 38% of customers have never compared quotes from other companies. With the average auto insurance premium being $2,700, Texas drivers can save roughly 70% each year by just comparing rate quotes, but they assume it's a waste of time to compare rate quotes online.

If you're already insured or just want cheaper rates, you can use these tips to find better prices and still have adequate protection. The purpose of this article is to help educate you on the most effective ways to compare rates and how you can save the most money. Smart shoppers just need to know the quickest method to compare rates instantly.

The majority of larger companies like Allstate, GEICO and Progressive give price estimates direct online. Doing online price comparisons for Volvo C70 insurance in Plano doesn't take much effort because you just enter your coverage preferences into a form. After you complete the form, the company's rating system will obtain information on your driving record and credit history and quotes a price based on the data you entered.

This makes it a lot easier to compare rates and it's also necessary to have as many quotes as possible if you are searching for the lowest insurance rates.

If you want to find out if lower rates are available, compare rates from the companies below. If you have your current policy handy, we recommend that you enter the limits and deductibles exactly as shown on your declarations page. This ensures you will receive a price comparison for similar coverage.

The car insurance companies shown below are ready to provide quotes in Texas. If you want the best auto insurance in Texas, it's a good idea that you compare several of them to get a more complete price comparison.

Volvo C70 insurance statistics and information

The table below highlights detailed analysis of policy rates for Volvo C70 models. Having insight into how policy premiums are figured can aid in making decisions on the best policy coverages.

Volvo C70 Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C70 T5 2-Dr Convertible $232 $462 $264 $16 $80 $1,054 $88
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Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Information does not factor in Plano location which can lower or raise rates greatly.

Higher deductibles lower rates

One of the most common car insurance questions is how high or low should comp and collision deductibles be. The rates below summarize the differences in price when you select higher and lower coverage deductibles. The first data set uses a $100 physical damage deductible and the second rate chart uses a $1,000 deductible.

Volvo C70 insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C70 T5 2-Dr Convertible $370 $698 $252 $14 $76 $1,435 $120
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Volvo C70 insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C70 T5 2-Dr Convertible $206 $368 $252 $14 $76 $916 $76
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Information does not factor in the specific area where the vehicle is garaged which can impact premium rates greatly.

We can derive from the above data that using a $100 deductible costs roughly $44 more each month or $528 a year than choosing the higher $1,000 deductible. Because you would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 20 months between claim filings, you would save money by going with a higher deductible.

The example below shows how choosing a deductible and can raise or lower Volvo C70 premium costs for different age categories. The data is based on a married male driver, comprehensive and collision coverage, and no discounts are factored in.

Rate comparison of male drivers versus female drivers

The example below illustrates the difference between Volvo C70 premium costs for male and female drivers. The information is based on no claims or violations, full coverage, $500 deductibles, drivers are single, and no discounts are applied.

Decisions You Make Can Impact Your Insurance Costs

One of the most helpful ways to save on insurance is to to have a grasp of the different types of things that help determine the rates you pay for insurance. When you know what positively or negatively impacts premium levels, this enables informed choices that can earn you lower rates. Multiple criteria are part of the calculation when premium rates are determined. Some are obvious like an MVR report, although some other factors are less apparent like where you live or your financial responsibility.

Listed below are some of the most common factors used by companies to determine premiums.

  • More policies can equal more savings - Lots of companies provide a discount to customers who buy several policies from them in the form of a multi-policy discount. Even if you're getting this discount you still need to get quotes from other companies to ensure the best deal.
  • Insurance policy lapses increase insurance rates - Going without insurance will be a quick way to increase your rates. Not only will you pay higher rates, being ticketed for driving with no insurance could result in a license revocation or jail time. You may need to file a SR-22 with the Texas department of motor vehicles.
  • Protect yourself with liability protection - The liability coverage on your policy kicks in if you are ruled to be at fault for causing damage or personal injury in an accident. Liability provides legal defense coverage which can cost a lot. This coverage is very inexpensive when compared to the cost of physical damage coverage, so do not cut corners here.
  • Drive less and get lower rates - Driving a lot of miles in a year the higher the price you pay to insure it. Most insurance companies calculate prices based upon how much you drive. Cars and trucks used primarily for pleasure use qualify for better rates as compared to vehicles used primarily for driving to work. Verify your insurance coverage reflects annual mileage, because it can save money. Having the wrong rating on your C70 can cost quite a bit.
  • Poor credit rating equals high rates - Having a bad credit score is likely to be a major factor in determining what you pay for insurance. Therefore, if your credit history is lower than you'd like, you could pay less to insure your Volvo C70 by improving your rating. Drivers who have very high credit ratings tend to be better risks to insure than those with poor credit.

Why do I need car insurance?

Despite the high insurance cost for a Volvo C70 in Plano, buying auto insurance serves a purpose in several ways.

  • The majority of states have mandatory liability insurance requirements which means state laws require a specific level of liability if you want to drive legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a loan on your Volvo, most lenders will have a requirement that you have full coverage to guarantee payment of the loan. If coverage lapses or is canceled, the bank may buy a policy for your Volvo for a lot more money and force you to pay much more than you were paying before.
  • Auto insurance protects both your vehicle and your assets. It also can pay for all forms of medical expenses that are the result of an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense if you cause an accident and are sued. If you receive damage to your vehicle caused by a storm or accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.

The benefits of having auto insurance definitely exceed the price paid, especially with large liability claims. But the average driver in Texas is wasting up to $855 a year so compare rate quotes at every renewal to ensure rates are inline.

Ratings for Texas auto insurance companies

Ending up with the top company can be rather challenging considering how many companies are available to choose from in Texas. The company information below can help you choose which providers you want to consider putting your business with.

Best Auto Insurance Companies in Texas
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Insure.com Best Car Insurance Companies