Car Insurance Rate Quotes for a Volvo V50 in Plano

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Comparison shopping for low cost Volvo V50 insurance in Plano could be challenging for drivers who are beginners to buying insurance online. Consumers have so many companies to choose from that it can quickly become a ton of work to lower your prices on Volvo V50 insurance.

Insurance rates Volvo V50 in PlanoIt's an obvious assumption that auto insurance companies don't want you shop around. People who shop rates annually are likely to switch auto insurance companies because they stand a good chance of finding coverage at a cheaper rate. A recent auto insurance study revealed that drivers who regularly compared price quotes saved an average of $70 a month compared to people who never shopped around.

If saving money on Volvo V50 insurance is the reason you're reading this, then having an understanding of the best way to compare insurance rates can save money and time.

It's important to take a look at other company's rates as often as possible since prices are constantly changing. Just because you found the best rate on Volvo V50 insurance in Plano a year ago there may be better deals available now. Forget all the misinformation about auto insurance because we're going to show you the fastest and easiest way to save money, get proper coverage and the best rates.

These techniques will instruct you on the best way to buy inexpensive car insurance and some tips to save money. If you are already insured, you will surely be able to get lower rates using these methods. But Texas drivers do need to learn how big insurance companies calculate your car insurance rates and use it to find better rates.

You may qualify for discounts for Volvo V50 insurance in Plano

Companies don't necessarily list all possible discounts in a way that's easy to find, so we researched some of the more common and the harder-to-find credits that may apply to you.Discount car insurance

  • Theft Deterrent Discount - Anti-theft and alarm system equipped vehicles prevent vehicle theft and earn discounts up to 10% off your Plano car insurance quote.
  • Service Members Pay Less - Being deployed with a military unit could trigger a small discount.
  • Home Ownership Discount - Owning your own home or condo may trigger a policy discount on car insurance because of the fact that having a home shows financial diligence.
  • Savings for New Vehicles - Adding a new car to your policy can save you some money compared to insuring an older model.
  • Claim-Free Discount - Good drivers with no accidents get the best car insurance rates in comparison with policyholders that have many claims.
  • Discounts for Federal Employees - Being employed by or retired from a federal job can save as much as 8% with some car insurance companies.

While discounts sound great, it's important to understand that some credits don't apply to all coverage premiums. Most cut the cost of specific coverages such as collision or personal injury protection. If you do the math and it seems like all the discounts add up to a free policy, it just doesn't work that way.

The illustration below shows the comparison of Volvo V50 yearly insurance costs with and without discounts applied to the rates. The price estimates are based on a male driver, no claims or driving citations, Texas state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-car, marriage, multi-policy, and claim-free discounts applied.

Larger car insurance companies and some of the premium reductions they offer are detailed below.

  • Travelers may have discounts that include hybrid/electric vehicle, multi-car, student away at school, save driver, and home ownership.
  • 21st Century discounts include student driver, homeowners, good student, 55 and older, automatic seat belts, and early bird.
  • State Farm may offer discounts for multiple policy, accident-free, Steer Clear safe driver discount, student away at school, anti-theft, and multiple autos.
  • GEICO has savings for federal employee, five-year accident-free, multi-vehicle, seat belt use, membership and employees, anti-lock brakes, and anti-theft.
  • SAFECO offers premium reductions for anti-lock brakes, drive less, safe driver, bundle discounts, anti-theft, and accident prevention training.
  • AAA offers discounts for AAA membership discount, pay-in-full, good student, multi-policy, education and occupation, and multi-car.

Before purchasing a policy, check with each company or agent which discounts you may be entitled to. Some discounts might not be offered on policies in your area. To see insurance companies with discount car insurance rates in Plano, click this link.

When price shopping your coverage, getting more free quotes helps improve the odds of finding the best rates.

The companies shown below have been selected to offer price comparisons in Plano, TX. If multiple companies are listed, we recommend you visit several of them to get the best price comparison.

Volvo V50 coverage statistics

The premium table shown next highlights estimates of rate quotes for Volvo V50 models. Understanding more about how rates are calculated can assist in making decisions when choosing a new policy provider.

Volvo V50 Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
V50 2.4I $158 $306 $358 $22 $108 $952 $79
V50 AWD T5 R-Design $158 $352 $358 $22 $108 $998 $83
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Data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Rate quotes do not factor in the specific area where the vehicle is garaged which can lower or raise rates noticeably.

Where to set your deductibles

When comparing car insurance rates, the most common question is which comprehensive and collision deductibles to buy. The premium rates below show the rate differences when you select higher and lower comp and collision deductibles. The first set of prices uses a $100 deductible for comprehensive and collision coverage and the second price table uses a $500 deductible.

Volvo V50 insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
V50 2.4I $370 $698 $382 $22 $114 $1,611 $134
V50 AWD T5 R-Design $370 $804 $382 $22 $114 $1,717 $143
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Volvo V50 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
V50 2.4I $270 $472 $382 $22 $114 $1,260 $105
V50 AWD T5 R-Design $270 $542 $382 $22 $114 $1,330 $111
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Rates do not factor in Plano location which can raise or lower coverage prices considerably.

Based on this data, using a $100 deductible costs approximately $31 more each month or $372 annually than quoting the higher $500 deductible. Because you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to go more than 13 months between claim filings, you would probably save some money if you elect the higher deductible.

Exclusive versus independent auto insurance agents

A lot of people still prefer to sit down with an agent and that is just fine! The biggest benefit of comparing insurance prices online is the fact that drivers can get cheap insurance rates and still choose a local agent. Buying from local agents is important particularly in Plano.

Insurance agents in PlanoAfter filling out this simple form, the quote information is submitted to insurance agents in Plano who will give competitive quotes for your insurance coverage. There is no need to contact an agency because prices are sent immediately to your email address. You can find the lowest rates without having to waste a lot of time. If you need to get a price quote for a specific company, you just need to navigate to their website and fill out the quote form the provide.

When narrowing the list to find a reputable agency, you must know there are a couple types of insurance agents and how they work. Agents can either be independent (non-exclusive) or exclusive.

Independent Insurance Agencies or Brokers

Agents in the independent channel are normally appointed by many insurers and that allows them to write policies with an assortment of companies enabling the ability to shop coverage around. If prices rise, they simply move your policy to a different company and you don't have to do anything.

When comparing rate quotes, you need to check rates from independent agents to have the best price comparison. They also have the ability to place coverage with mutual insurance companies that may provide cheaper insurance rates.

Shown below are independent insurance agencies in Plano that may be able to give free price quotes.

More Plano agents

Exclusive Agencies

Exclusive insurance agents can only place business with one company and examples are Allstate and State Farm. Exclusive agents cannot shop your coverage around so they have to upsell other benefits. These agents are very knowledgeable on their company's products which helps offset the inability to provide other markets. A lot of people use the same agent mostly because of the prominent brand name and the convenience of having all coverages with one company.

Below is a short list of exclusive agents in Plano that can give you price quote information.

More Plano agents

Picking the best insurance agency requires more thought than just a low price. Any agent in Plano should be willing to answer these questions.

  • Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
  • What insurance companies do they recommend if they are an independent agent?
  • Are they actively involved in the community?
  • Does the agent have professional designations like CIC, CPCU or AIC?
  • What is their Better Business Bureau rating?
  • Which insurance company do they prefer to write with?
  • Does the agent have a valid license to sell insurance in Texas?
  • What discounts might you be missing?

Once you have acceptable answers for all questions you ask and an acceptable price quote, you've probably found a car insurance agent that is reliable enough to insure your vehicles.

How to find a good Texas car insurance company

Choosing a good quality auto insurance provider is difficult considering how many companies sell coverage in Texas. The information listed below could help you analyze which car insurance providers to look at when shopping around.

Best Car 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

One last thing to lower rates

Some insurance companies may not have rates over the internet and these small insurance companies work with local independent agencies. Cost effective Volvo V50 insurance can be found both online and also from your neighborhood Plano agents, and you need to price shop both in order to have the best chance of saving money.

We covered many ideas to compare Volvo V50 insurance prices in Plano. The key thing to remember is the more providers you compare, the better your chances of lowering your rates. You may even be surprised to find that the best prices are with a lesser-known regional company.

As you prepare to switch companies, make sure you don't skimp on coverage in order to save money. There are a lot of situations where an accident victim reduced liability coverage limits only to discover later they didn't purchase enough coverage. The goal is to buy enough coverage at an affordable rate, but do not sacrifice coverage to save money.

How to buy affordable Volvo V50 insurance in Plano

Truthfully, the best way to get the cheapest car insurance rates is to regularly compare price quotes from insurance carriers who sell insurance in Plano. You can shop around by completing these steps.

  • First, get an understanding of how insurance companies determine prices and the modifications you can make to keep rates down. Many things that result in higher rates like accidents, traffic violations, and an imperfect credit history can be eliminated by making minor changes in your lifestyle.
  • Second, compare price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from a single company like GEICO and State Farm, while agents who are independent can quote rates from multiple companies.
  • Third, compare the new quotes to the price on your current policy to see if a cheaper rate is available. If you can save money and buy the policy, verify that coverage does not lapse between policies.
  • Fourth, provide adequate notice to your current company to cancel your current car insurance policy. Submit a down payment along with a signed application for your new coverage. Once received, store the proof of insurance paperwork somewhere easily accessible.

The most important part of shopping around is to make sure you enter identical deductibles and limits on each quote request and and to get quotes from as many car insurance companies as possible. Doing this helps ensure the most accurate price comparison and and a good selection of different prices.

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