Compare Volvo S80 Insurance Quotes in Raleigh

Remarkably, a study showed that a large majority of auto insurance policyholders kept their coverage with the same auto insurance company for at least the last four years, and roughly 40% of drivers have never even shopped around for lower-cost coverage. With the average auto insurance premium being $980, Raleigh drivers could cut their rates by 10% a year, but they don’t understand how simple it is to compare rate quotes.

The preferred way to get low-cost car insurance rates in Raleigh is to compare prices regularly from providers who provide auto insurance in North Carolina. You can shop around by completing these steps.

Step 1: Try to comprehend how companies price auto insurance and the factors you can control to lower rates. Many risk factors that cause high rates like speeding and a not-so-good credit history can be eliminated by making minor changes in your lifestyle.

Step 2: Quote rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only quote rates from a single company like GEICO and Allstate, while agents who are independent can quote rates from multiple insurance companies.

Step 3: Compare the new rate quotes to your existing rates to see if a cheaper price is available in Raleigh. If you find a better price and buy the policy, make sure there is no lapse in coverage.

Step 4: Tell your current agent or company of your intent to cancel your current auto insurance policy and submit a down payment and signed policy application to your new insurance company. Don’t forget to put the new proof of insurance certificate in your glove compartment.

A crucial key to this process is to use the same physical damage deductibles and liability limits on each quote request and and to get prices from as many companies as possible. This provides a fair price comparison and a complete price analysis.

Getting a cheap price on insurance is an easy way to save money. You just need to take time comparing rate quotes from different insurance companies.

It’s so simple to compare car insurance rate quotes online takes the place of having to drive around to all the different Raleigh insurance agencies. Quoting and buying Volvo S80 insurance online reduces the need to sit down with an agent unless your situation requires the advice and guidance only provided by licensed Raleigh agents. Drivers can obtain prices from the web but purchase the actual policy in an agency.

The companies shown below can provide price comparisons in North Carolina. If you wish to find cheap car insurance in Raleigh, NC, we recommend you get rates from several of them to get the best price comparison.

Cheaper Raleigh car insurance rates with discounts

Car insurance is expensive, but you can get discounts that could help you make your next renewal payment. Larger premium reductions will be automatically applied when you complete an application, but occasionally some discounts must be inquired about in order for you to get them.

• Passenger Safety Discount – Factory air bags or motorized seat belts could see savings of 20% or more.
• Discount for New Cars – Putting car insurance coverage on a new S80 can save you some money compared to insuring an older model.
• Military Discounts – Being deployed with a military unit can result in better prices.
• Student Driver Training – Teen drivers should complete a driver education course if it’s offered in school.
• Distant College Student Discount – Any of your kids who attend college more than 100 miles from Raleigh and won’t have access to an insured vehicle may be able to be covered for less.
• Accident Free – Claim-free drivers have much lower rates in comparison with drivers with a long claim history.
• Good Grades Discount – This discount could provide a savings of up to 20% or more. Most companies allow this discount until age 25.
• Onboard Data Collection – Drivers who elect to allow their company to analyze where and when they drive by installing a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive could possibly reduce rates if they have good driving habits.
• Paperwork-free – Many larger companies will give you a small discount for buying your policy over the internet.
• Government Employees – Active or former government employment could qualify for a slight premium decrease with select insurance companies.

One last thing about discounts, most credits do not apply to the whole policy. Some only apply to the price of certain insurance coverages like medical payments or collision. Even though it appears you can get free auto insurance, car insurance companies aren’t that generous.

The chart below shows the comparison of Volvo S80 auto insurance costs with and without discounts. The prices are based on a male driver, no claims or violations, North Carolina state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, safe-driver, homeowner, multi-policy, and claim-free discounts applied.

A list of car insurance companies and a selection of discounts are shown below.

• GEICO discounts include air bags, anti-lock brakes, anti-theft, defensive driver, and good student.
• Auto-Owners Insurance has savings for student away at school, paid in full, good student, teen driver, anti-lock brakes, and multiple vehicles.
• American Family offers premium reductions for mySafetyValet, air bags, bundled insurance, accident-free, and early bird.
• Esurance may have discounts that include emergency road assistance, online shopper, good driver, anti-lock brakes, safety device, defensive driver, and anti-theft.
• Progressive offers discounts including multi-vehicle, homeowner, continuous coverage, multi-policy, and good student.
• State Farm includes discounts for passive restraint, multiple policy, good driver, driver’s education, and good student.
• AAA may offer discounts for anti-theft, education and occupation, good driver, pay-in-full, multi-car, and good student.

If you want affordable Volvo S80 insurance quotes, ask all companies you are considering to apply every possible discount. Some discounts may not apply to policyholders in Raleigh. To see insurance companies who offer free Volvo S80 insurance quotes in Raleigh, follow this link.

Coverage statistics and figures

The coverage information displayed below outlines a range of insurance premium costs for Volvo S80 models. Understanding how insurance quotes are figured can be useful when making informed purchases.

Prices based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Premium amounts do not factor in vehicle garaging location which can impact coverage rates greatly.

Deductible comparison

One of the more difficult decisions when buying insurance is where should you set your physical damage deductibles. The rates shown below summarize the costs and benefits between low and high comp and collision deductibles. The first price estimate table uses a $100 comprehensive and collision deductible and the second data table uses a $500 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Price estimates do not factor in specific garaging location which can change coverage prices greatly.

Based on this data, using a $100 deductible costs roughly $23 more each month or $276 a year than quoting the higher $500 deductible. Because you would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you go at a minimum 17 months between claims, you would more than likely save some money by going with a higher deductible.

Insurance agent or online?

Some people would prefer to talk to an insurance agent and that is OK! Good insurance agents are trained to spot inefficiencies and help in the event of a claim. One of the best bonuses of comparing insurance prices online is the fact that drivers can get cheaper premium rates and still have a local agent. Buying from and supporting neighborhood insurance agencies is still important in Raleigh.

For easy comparison, once you complete this quick form, the coverage information is immediately sent to companies in Raleigh that can give you free Raleigh auto insurance quotes for your business. You won’t need to search for any insurance agencies since rate quotes are delivered to you instantly. In the event you want to get a price quote for a specific company, you just need to search and find their rate quote page and submit a quote form there.

Not all car insurance agents are the same

If you are wanting to find a local Raleigh insurance agency, it can be helpful to understand the types of insurance agents and how they are distinctly different. Insurance agencies in Raleigh are classified as either independent agents or exclusive agents depending on their employer. Either one can sell affordable insurance policies, but it’s important to point out the differences because it can influence the kind of agent you use.

Independent Insurance Agencies or Brokers

Agents of this type can sell policies from many different companies so they can quote policies with an assortment of companies and find the cheapest insurance rates. If they quote lower rates, they simply move the coverage in-house and you don’t have to switch agencies.

If you are trying to find cheaper rates, we recommend you get insurance quotes from several independent insurance agents to get the best comparison.

Listed below is a small list of independent agencies in Raleigh who may be able to give you rate quotes.

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Exclusive Insurance Agencies

These agents write business for a single company such as Allstate, State Farm and Farmers Insurance. They generally cannot provide rate quotes from other companies so you might not find the best rates. Exclusive insurance agents receive a lot of sales training on what they offer which aids in selling service over price.

The following is a short list of exclusive agents in Raleigh who can help you get price quote information.

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Choosing the best auto insurance agent shouldn’t rely on just a cheap quote. These are some questions your agent should answer.

• Do they feel the quoted coverages are adequate?
• Do they review policy coverages at every renewal?
• Are aftermarket or OEM parts used to repair vehicles?
• What company holds the largest book of business for them?
• Are they paid to recommend certain coverages?
• Which companies do they recommend if they are an independent agency?
• Are you getting all the discounts the company offers?
• Did they already check your driving record and credit reports?

After getting satisfactory answers to all your questions and a good coverage price, you’ve probably found a car insurance agent that can be relied on to insure your vehicles. Just understand that policyholders can cancel coverage for any reason so don’t assume that you are permanently stuck with a specific company for the full term.

Eight Tips to Get More Affordable Raleigh Insurance Premiums

Smart consumers have a good feel for some of the elements that help determine the level of your policy premiums. When you understand what influences your rates, this helps enable you to make changes that can help you get lower car insurance prices. Many factors are used when you quote your car insurance policy. A few of the factors are predictable like a motor vehicle report, but other factors are more obscure such as your credit history or your commute time.

Driving citations hurt – Your driving record can have a huge impact on auto insurance premiums. Careful drivers receive lower rates as compared to those with violations. Having a single speeding ticket or other violation may increase your cost by as much as thirty percent. People who have severe tickets like DUI or willful reckless driving may need to submit a SR-22 or proof of financial responsibility with their state DMV in order to legally drive a vehicle.

The diagram below illustrates how violations and at-fault fender-benders impact Volvo S80 auto insurance rates for different age categories. The premiums are based on a single male driver, comp and collision included, $500 deductibles, and no policy discounts are applied.

Extra coverages may not be needed – Insurance policies have a lot of optional add-on coverages you can purchase if you don’t pay attention. Add-on coverages like coverage for rental cars, accident forgiveness, and term life insurance may not be needed and are just wasting money. These may sound like a good investment initially, but if you have no use for them remove them from your policy.

How much liability insurance do you need? – Your car insurance policy’s liability coverage is the protection if ever you are found liable for personal injury or accident damage. It provides legal defense coverage to defend your case. Liability insurance is pretty cheap compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.

Does your vocation cost you more? – Did you know your car insurance rates can be affected by your occupation? Occupations such as fire fighters, social workers, and medical professionals generally have higher premium rates attributed to intense work requirements and long work hours. Other careers such as professors, athletes and the unemployed get better rates.

Consolidate policies and save – Lots of insurers will award discounts to people that purchase more than one policy, otherwise known as a multi-policy discount. Even with this discount applied, drivers will still want to comparison shop to guarantee you are still saving the most.

Never let your coverage expire – Letting your insurance expire will be a sure-fire way to pay more for car insurance. In addition to paying higher rates, not being able to provide proof of insurance will get you a license revocation or jail time.

With age comes lower rates – Older, more experienced drivers are more cautious drivers, are lower risk to insure, and usually have better credit. Teen drivers are proven to be easily distracted in a vehicle and because of this, their car insurance rates are much higher.

The following chart uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.

Know your credit history – Credit rating is likely to be a major factor in calculating your premium rate. Insureds with high credit ratings tend to be better drivers and file fewer claims than drivers with bad credit. If your credit is lower than you’d like, you may save money insuring your Volvo S80 if you improve your credit rating.

Volvo S80 claim probability – Insurance companies use claims history to determine a price that will be profitable for them. Vehicles that historically have a trend towards higher claim severity or frequency will have a higher cost to insure. The data below shows the loss history for Volvo S80 vehicles.

For each insurance policy coverage type, the statistical loss for all vehicles, regardless of manufacturer or model, is set at 100. Values that are 100 or less indicate a favorable loss history, while values that are above 100 indicate a higher chance of having a claim or tendency to have larger claims.

Why you need Volvo vehicle insurance in North Carolina

Despite the high insurance cost for a Volvo S80 in Raleigh, maintaining insurance serves several important purposes.

First, just about all states have minimum liability requirements which means you are required to carry specific limits of liability insurance coverage in order to get the vehicle licensed. In North Carolina 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.

Second, if you have a lien on your vehicle, it’s guaranteed your bank will have a requirement that you have full coverage to ensure loan repayment if the vehicle is totaled. If you do not pay your insurance premiums, the bank will be required to insure your Volvo at a much higher premium rate and force you to reimburse them much more than you were paying before.

Third, insurance protects not only your vehicle but also your financial assets. It will also pay for medical bills for yourself as well as anyone injured by you. One policy coverage, liability insurance, also pays for attorney fees and expenses if someone files suit against you as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.

The benefits of having car insurance outweigh the cost, specifically if you ever have a liability claim. On average, a vehicle owner in Raleigh is wasting up to $865 each year so it’s very important to do a rate comparison once a year at a minimum to ensure rates are inline.

The best insurance company isn’t always the cheapest

You just learned a lot of techniques to find lower-cost Volvo S80 insurance in Raleigh. The key concept to understand is the more rate comparisons you have, the better your comparison will be. Consumers may even find the lowest priced auto insurance comes from the least-expected company. Some small companies may have significantly lower prices on certain market segments than the large multi-state companies such as State Farm or Progressive.

The cheapest Volvo S80 insurance in Raleigh is definitely available from both online companies in addition to many Raleigh insurance agents, so you need to shop Raleigh auto insurance with both to get a complete price analysis. Some insurance providers may not have online price quotes and many times these smaller companies only sell coverage through independent insurance agencies.

As you prepare to switch companies, it’s a bad idea to reduce needed coverages to save money. There have been many situations where an insured cut uninsured motorist or liability limits and learned later they didn’t purchase enough coverage. Your goal is to buy the best coverage you can find at the best possible price, not the least amount of coverage.

Additional information is located on the following sites:

• Rental Car Insurance Tips (Insurance Information Institute)
• Who Has Affordable Auto Insurance for College Students in Raleigh? (FAQ)
• Understanding Car Crashes Video (iihs.org)
• Protecting Teens from Drunk Driving (Insurance Information Institute)