Best Insurance for a Volvo XC60 in Plano

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Are you searching for low-cost Volvo XC60 insurance in Plano? Wish you could get out of an under-performing, overpriced auto insurance policy? Believe me, there are a lot of people in Plano just like you who feel imprisoned by their auto insurance policy.

Insurance for Volvo XC60Inconceivable but true, almost 70% of drivers kept their policy with the same company for more than four years, and approximately 40% of consumers have never even compared quotes to find cheaper rates. Texas drivers could save themselves approximately $1,766 a year by just comparing rate quotes, but they don't know the large savings they would see if they replace their high priced policy.

Vehicle owners have multiple car insurance companies to insure vehicles with, and even though it's nice to have a selection, it makes it harder to compare rates for Volvo XC60 insurance in Plano.

Finding affordable car insurance coverage in Plano is not rocket science. Practically each driver who is looking for cheaper car insurance should get better rates. But Texas consumers can benefit from knowing the methods companies use to calculate your car insurance rates and take advantage of how the system works.

Most major insurance companies provide coverage price quotes direct online. Getting quotes for Volvo XC60 insurance in Plano doesn't take a lot of time as you simply enter your coverage information into a form. Once you submit the form, their system gets your driving record and credit report and returns a price quote based on many factors. This makes it a lot easier to compare rates and it's also necessary to get many rate quotes if you want to find the best rate on insurance.

If you want to compare rates now, compare quotes from the companies shown below. If you currently have coverage, we recommend you input the coverages exactly as shown on your declarations page. Doing this assures you are getting a fair comparison for the exact same coverage.

The companies in the list below are our best choices to provide comparison quotes in Plano, TX. If your goal is to find the cheapest car insurance in Plano, TX, we recommend you compare several of them to get the cheapest price.

Discounts can help to save on Volvo XC60 insurance in Plano

Some insurers don't always advertise the entire discount list very well, so the following list contains both the well known as well as the least known insurance savings.Discount insurance

  • Claim Free - Drivers with accident-free driving histories are rewarded with significantly better rates on Plano auto insurance quote when compared to insureds who have frequent claims or accidents.
  • Safety Course Discount - Taking part in a driver safety course is a good idea and can lower rates if your company offers it.
  • Bundle and Save - If you can combine your homeowners and auto policy and place coverage with the same company you could earn a discount of approximately 10% to 15%.
  • Multi-Vehicle Discounts - Drivers who insure all your vehicles on the same insurance policy can get a discount for every vehicle.
  • 55 and Retired - Mature drivers can possibly qualify for a slight reduction on a Plano auto insurance quote.
  • Accident Forgiveness - Not really a discount, but some insurance companies will forgive one accident without raising rates if you are claim-free for a specific time period.
  • Renewal Discounts - Some insurance companies reward drivers for switching to them prior to the expiration date on your current XC60 insurance policy. This discount can save up to 10%.
  • E-sign - Some of the larger companies provide a small discount for buying your policy on your computer.
  • Discounts for Federal Employees - Active or former government employment could qualify for a slight premium decrease with select insurance companies.

Policy discounts save money, but most discount credits are not given to the overall cost of the policy. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. So even though they make it sound like having all the discounts means you get insurance for free, nobody gets a free ride. But any discount will cut the premium cost.

The illustration below visualizes the comparison of Volvo XC60 premium costs with and without discounts applied to the rates. The premium estimates are based on a male driver, no claims or driving violations, Texas state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-car, multi-policy, homeowner, and claim-free discounts applied.

If you would like to see a list of providers with discount rates in Texas, click this link.

Insurance coverage analysis

The coverage information shown next covers different rate quotes for Volvo XC60 models. Learning as much as possible about how insurance premiums are calculated is important for making smart choices when purchasing an insurance policy.

Volvo XC60 Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC60 3.2 2WD $256 $504 $310 $18 $94 $1,182 $99
XC60 3.2 AWD $288 $504 $310 $18 $94 $1,214 $101
XC60 T6 AWD AWD $288 $594 $310 $18 $94 $1,304 $109
XC60 T6-R AWD AWD $322 $594 $310 $18 $94 $1,338 $112
Get Your Own Custom Quote Go

Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Rate quotes do not factor in specific location information which can influence prices significantly.

Auto insurance deductibles

One of the more difficult decisions when buying auto insurance is where should you set your physical damage deductibles. The rates below can help you visualize the rate differences of buying low and high physical damage coverage deductibles. The first set of rates uses a $100 deductible and the second set of rates uses a $500 deductible.

Volvo XC60 insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC60 3.2 2WD $328 $592 $324 $20 $96 $1,385 $115
XC60 3.2 AWD $370 $592 $324 $20 $96 $1,427 $119
XC60 T6 AWD AWD $370 $698 $324 $20 $96 $1,533 $128
XC60 T6-R AWD AWD $412 $698 $324 $20 $96 $1,575 $131
Get Your Own Custom Quote Go
Volvo XC60 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC60 3.2 2WD $240 $400 $324 $20 $96 $1,080 $90
XC60 3.2 AWD $270 $400 $324 $20 $96 $1,110 $93
XC60 T6 AWD AWD $270 $472 $324 $20 $96 $1,182 $99
XC60 T6-R AWD AWD $300 $472 $324 $20 $96 $1,212 $101
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Estimates do not factor in specific location which can impact rates significantly.

Using the data above, we can ascertain that using a $100 deductible costs approximately $27 more each month or $324 every year than quoting the higher $500 deductible. Due to the fact that you would have to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you go more than 15 months between claims, you would probably save some money if you opt for a higher deductible.

The chart below shows how choosing a deductible and can raise or lower Volvo XC60 premium costs for each different age group. Data assumes a married female driver, comp and collision included, and no discounts are factored in.

Auto insurance premiums based on gender

The illustration below shows the comparison of Volvo XC60 car insurance costs for male and female drivers. The costs are based on a clean driving record, no claims, full coverage, $500 deductibles, marital status is single, and no discounts are factored in.

Liability only or full coverage

The diagram below shows the comparison of Volvo XC60 yearly insurance costs with and without physical damage coverage. The rate quotes are based on no claims, a clean driving record, $100 deductibles, single marital status, and no other discounts are factored in.

Should you buy full coverage or liability only?

There is no clear-cut formula to stop buying comp and collision coverage, but there is a general convention. If the annual cost of coverage is more than around 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let's assume your Volvo XC60 claim settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would get paid by your company is $2,000 after paying the physical damage deductible. If it's costing in excess of $200 annually for full coverage, then you might consider buying liability only.

There are some circumstances where removing full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not remove full coverage.

Buying from auto insurance agents

A lot of people just want to buy from a local agent and we recommend doing that A nice benefit of getting free rate quotes online is that drivers can save money and get the best rates and still choose a local agent.

To find an agent, once you fill out this short form, the quote information is sent to local insurance agents who will return price quotes for your insurance coverage. It's much easier because you don't need to contact an agency since rate quotes are delivered immediately to your email address. You can find lower rates without the usual hassles of price shopping. If you want to get a rate quote from a specific insurance company, you would need to jump over to their website to submit a rate quote request.

Finding the right provider requires you to look at more than just the quoted price. These are valid questions to ask:

  • Which companies do they recommend if they are an independent agency?
  • Will your rates increase after a single accident?
  • Are they involved in claim handling?
  • Is the agent properly licensed in Texas?
  • Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
  • Is every driver in your family covered?
  • Is insurance their full-time profession?
  • What insurance company do they write the most business with?

If you are searching for a good insurance agency, it's helpful to know the types of agencies to choose from. Insurance agencies in Plano may be either independent (non-exclusive) or exclusive.

Exclusive Insurance Agents

Agents that choose to be exclusive can only place business with one company like Farmers Insurance, State Farm, or Allstate. Exclusive agents are unable to place coverage with different providers so if the price isn't competitive there isn't much they can do. Exclusive agents receive a lot of sales training on sales techniques and that can be a competitive advantage.

The following are exclusive insurance agents in Plano who can help you get rate quotes.


6205 Chapel Hill Blvd STE 500 - Plano, TX 75093 - (972) 378-0824 - View Map


6205 Coit Rd #300 - Plano, TX 75024 - (214) 473-9000 - View Map


4504 Legacy Dr #200 - Plano, TX 75024 - (972) 943-9555 - View Map

More Plano agents

Independent Agencies or Brokers

Agents that elect to be independent do not write with just one company so they can quote policies through lots of different companies and get the cheapest rates. If you are not satisfied with one company, the agent simply finds a different carrier without you having to go to a different agency.

If you need lower rates, it's a good idea to get several quotes from several independent insurance agents so that you can do a thorough price comparison.

Below is a list of independent insurance agencies in Plano who can help you get price quote information.


5048 Tennyson Pkwy #250 - Plano, TX 75024 - (972) 801-9188 - View Map


542 Haggard St #502 - Plano, TX 75074 - (972) 335-4115 - View Map


6500 Pinecrest Dr - Plano, TX 75024 - (800) 486-5616 - View Map

More Plano agents

Your auto insurance coverage should be tailored to you

Always remember that when buying your policy, there really isn't a perfect coverage plan. Your needs are not the same as everyone else's.Higher deductibles save money

For instance, these questions can help discover whether you might need an agent's assistance.

  • I have good health insurance, so how much medical payments coverage do I need?
  • Is my vehicle covered by my employer's policy when using it for work?
  • If I use my vehicle for business use is it covered?
  • Can I drive in Mexico and have coverage?
  • Is my nanny covered when driving my vehicle?
  • Do I need PIP coverage since I have good health insurance?
  • Can I rate high risk drivers on liability-only vehicles?

If it's difficult to answer those questions but a few of them apply, you may need to chat with a licensed agent. If you want to speak to an agent in your area, simply complete this short form.

Get Volvo XC60 Insurance for Less

Lots of things are part of the equation when you quote your car insurance policy. Most are fairly basic such as traffic violations, although others are not quite as obvious such as your credit history or how safe your car is. Part of the insurance buying process is learning the different types of things that are used to determine the price you pay for insurance. When you understand what positively or negatively impacts your premiums, this allows you to make good choices that could help you find much lower annual insurance costs.

Listed below are just a few of the factors used by your company to calculate premiums.

Add-on coverages may be wasting money - Insurance policies have a lot of extra coverages that you can buy when buying insurance. Add-on coverages like rental car coverage, accident forgiveness, and extra equipment coverage are some examples. They may seem like a good idea at first, but if you have no use for them eliminate the coverages to reduce your premium.

Five star safety rating saves money - Vehicles with good safety scores tend to have lower insurance rates. These vehicles reduce occupant injuries and better occupant protection translates directly to fewer claims which can mean better rates for you. If your Volvo XC60 is rated at a minimum four stars on Safercar.gov it is probably cheaper to insure.

Pay more by driving carelessly - Your driving record influences premium rates substantially. Careful drivers get better rates than people who have multiple driving citations. Just one speeding ticket or other violation can increase rates by as much as twenty percent. Drivers with severe tickets such as DUI, reckless driving or excessive speeding might be required by their state to maintain a SR-22 with their state motor vehicle department in order to drive a vehicle legally.

The diagram below shows how traffic citations and accident claims can increase Volvo XC60 yearly insurance costs for each different age category. The data is based on a single male driver, comp and collision included, $100 deductibles, and no discounts are taken into consideration.

Liability is peace of mind - Your insurance policy's liability coverage kicks in in the event that a court rules you are at fault for an accident. Your policy's liability insurance provides you with a defense in court which can be incredibly expensive. This coverage is very inexpensive compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.

Lower rates by staying claim free - If you are a frequent claim filer, you can definitely plan on much higher rates or policy non-renewal. Car insurance companies in Texas award lower rates to people who do not rely on their insurance for small claims. Your insurance policy is designed for the large, substantial claims.

Responsible credit scores equal low prices - Your credit history is a big factor in calculating your insurance rates. Consumers who have very high credit ratings tend to file fewer claims as compared to drivers with bad credit. Therefore, if your credit history leaves room for improvement, you could save money insuring your Volvo XC60 by repairing your credit.

Marriage can save on insurance - Getting married may earn you lower rates on your insurance policy. Having a spouse demonstrates that you tend to be more mature and responsible and it's proven that married drivers tend to file fewer claims.

Volvo XC60 statistical loss data - Insurance companies analyze historical claim data when they set coverage costs for each model. Vehicles that the statistics show to have higher claim frequency or loss amount will have higher rates for specific coverages. The data below shows the historical insurance loss data for Volvo XC60 vehicles.

For each policy coverage, the loss probability for all vehicles compiled together is equal to 100. Numbers under 100 suggest a positive loss record, while values that are above 100 indicate more frequent claims or an increased likelihood of larger losses.

Volvo XC60 Insurance Claim Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Volvo XC60 4dr 2WD 79 74 70 60 53 55
Volvo XC60 4dr 4WD 93 82 75 66 64 57
BETTER
AVERAGE
WORSE

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Protect your XC60 and other assets

Even though it can be expensive, paying for insurance is required by state law in Texas and it also provides benefits you may not be aware of.

  • Just about all states have minimum liability requirements which means it is punishable by state law to not carry a specific level of liability if you drive a vehicle. 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 vehicle, almost every bank will make it mandatory that you have comprehensive coverage to guarantee payment of the loan. If you default on your policy, the bank will be required to insure your Volvo for a much higher rate and require you to pay the higher premium.
  • Insurance preserves both your assets and your car. Insurance will also pay for all forms of medical expenses for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, also covers legal expenses if you cause an accident and are sued. If mother nature or an accident damages your car, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.

The benefits of having insurance are without a doubt worth the cost, especially if you ever need it. On average, a vehicle owner in Plano overpays more than $855 a year so compare quotes from several companies at least once a year to help ensure money is not being wasted.

Texas auto insurance companies

Ending up with the top insurer is difficult considering how many different companies there are to choose from in Plano. The ranking information in the next section may help you pick which coverage providers to look at purchasing from.

Top 10 Plano Car Insurance Companies Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance

Persistence will pay off

More affordable car insurance in Plano is available from both online companies as well as from independent agents in Plano, and you need to price shop both to get a complete price analysis. Some insurance companies may not provide the ability to get a quote online and these smaller providers provide coverage only through independent agents.

Consumers leave their current company for a number of reasons such as delays in responding to claim requests, high rates after DUI convictions, denial of a claim or even poor customer service. Regardless of your reason, finding a new car insurance company is easier than you think.

We just covered some good ideas how to save on Volvo XC60 insurance in Plano. The most important thing to understand is the more quotes you get, the higher the chance of saving money. Consumers may even find the lowest prices are with a lesser-known regional company.

How to find low-cost Volvo XC60 insurance in Plano

The preferred way to get cheaper Volvo XC60 insurance in Plano is to do a yearly price comparison from providers in Texas.

Step 1: Try to comprehend how insurance companies determine prices and the things you can change to keep rates low. Many rating criteria that are responsible for high rates like accidents, traffic violations, and a negative credit rating can be remedied by making minor driving habit or lifestyle changes.

Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from one company like Progressive or Farmers Insurance, while independent agents can quote prices from multiple companies.

Step 3: Compare the new quotes to your existing policy to see if cheaper XC60 coverage is available in Plano. If you can save money and decide to switch, make sure coverage is continuous and does not lapse.

Step 4: Tell your current agent or company of your intention to cancel your current car insurance policy and submit payment and a signed application to your new agent or company. As soon as you can, place the new proof of insurance paperwork in your glove compartment.

The most important part of shopping around is to use the same physical damage deductibles and liability limits on every quote request and and to get price quotes from every insurance company. Doing this guarantees an apples-to-apples comparison and and a good selection of different prices.

Much more information about car insurance in Texas can be read at these links: