Has it been over a year since you last compared quotes for more competitive insurance rates in Raleigh, NC? Raleigh consumers have a choice when looking for the lowest priced Volvo XC70 insurance. You can either spend your time contacting agents to get rate comparisons or use the internet to make rate comparisons. There is a better way to compare insurance rates so you’re going to learn the quickest way to price shop coverage for a new or used Volvo and find the lowest possible price from Raleigh insurance agents and online providers.
A recent insurance study discovered that the vast majority of drivers kept their policy with the same company for a minimum of four years, and almost half have never compared rates from other carriers. North Carolina insurance shoppers could cut their rates by 10% a year, but they don’t want to spend time to find cheaper insurance rates.
It’s smart to compare premium rates yearly because insurance prices fluctuate regularly. If you had the lowest price on Volvo XC70 insurance in Raleigh six months ago a different company probably has better rates today. Forget anything you know (or think you know) about insurance because it’s time to teach you the proper way to lower your annual insurance bill.
Don’t neglect these five price cutting discounts
The cost of insuring your cars can be expensive, but there’s a good chance there are discounts that could drop your premiums quite a bit. Larger premium reductions will be automatically applied when you purchase, but some discounts are required to be inquired about in order for you to get them.
- Seat Belt Usage – Using a seat belt and requiring all passengers to use a seat belt can save up to 15% on medical payment and PIP coverage.
- Government Employee Discount – Having worked for a branch of the government may reduce rates when you quote Raleigh auto insurance depending on your car insurance provider.
- Theft Deterrent – Vehicles that have factory anti-theft systems prevent vehicle theft so companies will give you a small discount.
- Payment Discounts – By making one initial payment rather than paying monthly you can actually save on your bill.
- Student Discount for Driver Training – Have your child successfully take a driver’s education course in high school.
Discounts save money, but please remember that most discount credits are not given to your bottom line cost. Some only reduce the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears it’s possible to get free car insurance, you won’t be that lucky.
The example below illustrates the difference between Volvo XC70 premium costs with and without discounts applied to the rates. The costs are based on a female driver, no accidents or driving violations, North Carolina state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, marriage, multi-car, homeowner, and claim-free discounts applied.
A few popular companies and a summarized list of policyholder discounts are included below.
- State Farm offers premium reductions for driver’s education, student away at school, good driver, good student, Drive Safe & Save, defensive driving training, and safe vehicle.
- Liberty Mutual has discounts for preferred payment discount, good student, newly retired, new graduate, newly married, new vehicle discount, and exclusive group savings.
- American Family policyholders can earn discounts including mySafetyValet, TimeAway discount, Steer into Savings, good driver, good student, and bundled insurance.
- Progressive includes discounts for continuous coverage, online quote discount, homeowner, good student, online signing, and multi-policy.
- Farmers Insurance offers discounts for good student, distant student, multi-car, youthful driver, teen driver, and alternative fuel.
- Auto-Owners Insurance may include discounts for paperless, mature driver, safe vehicle, anti-theft, group or association, multi-policy, and air bags.
- SAFECO may offer discounts for anti-lock brakes, safe driver, drive less, accident prevention training, multi-car, and teen safety rewards.
If you need lower rates, check with every prospective company which discounts can lower your rates. Discounts might not be offered in Raleigh. To choose insurers that offer some of these discounts in North Carolina, click this link.
The method we recommend to compare rates for Volvo XC70 insurance in Raleigh is to know the trick almost all companies participate in a system to give free rates quotes. The one thing you need to do is provide a small amount of information like types of safety features, if you went to college, whether the vehicles are used for commuting, and if you have an active license. Your insurance information is instantly provided to multiple companies and they return cost estimate within a short period of time.
To compare cheap Volvo XC70 insurance rates now, click here and see if a lower rate is available in Raleigh.
The companies in the list below are our best choices to provide price quotes in North Carolina. To find cheap auto insurance in Raleigh, NC, it’s highly recommended you click on several of them to get the cheapest price.
Volvo XC70 insurance analysis
The premium information shown next outlines a range of insurance premium costs for Volvo XC70 models. Having a better idea how auto insurance prices are formulated can help guide drivers when making smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC70 3.2 AWD Station Wagon | $268 | $470 | $380 | $22 | $114 | $1,254 | $105 |
| XC70 T6 AWD 4-Dr | $268 | $540 | $380 | $22 | $114 | $1,324 | $110 |
| Get Your Own Custom Quote Go | |||||||
Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Estimates do not factor in specific location which can change coverage prices noticeably.
Rate comparison for different deductibles
A question often asked by Raleigh drivers is which deductible level should you buy. The following insurance rates determine the rate fluctuation when you buy lower versus higher insurance deductibles. The first set of prices uses a $100 physical damage coverage deductible and the second rate table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC70 3.2 AWD Station Wagon | $270 | $456 | $282 | $16 | $84 | $1,133 | $94 |
| XC70 T6 AWD 4-Dr | $270 | $524 | $282 | $16 | $84 | $1,201 | $100 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC70 3.2 AWD Station Wagon | $196 | $308 | $282 | $16 | $84 | $886 | $74 |
| XC70 T6 AWD 4-Dr | $196 | $354 | $282 | $16 | $84 | $932 | $78 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Price information does not factor in specific Raleigh garaging location which can modify rates considerably.
Using the premium rates above, we can conclude that using a $100 deductible will cost you about $21 more each month or $252 a year than choosing the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you normally average at a minimum 19 months between claims, you would save more money if you choose the higher deductible.
The diagram below illustrates how your choice of deductibles and can impact Volvo XC70 insurance premiums for different categories of driver ages. The data is based on a single male driver, comprehensive and collision coverage, and no additional discounts are factored in.
Full coverage rates vs. liability-only in Raleigh
The chart below illustrates the comparison of Volvo XC70 insurance prices with full coverage and liability only. The rate quotes are based on no accidents, no driving violations, $1,000 deductibles, marital status is single, and no other discounts are factored in.
Should you pay for full coverage?
There isn’t a steadfast formula to delete full coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
For example, let’s pretend your Volvo XC70 replacement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $5,000 after paying your deductible. If you are currently paying more than $500 annually for comprehensive and collision coverage, then it might be time to consider dropping full coverage.
There are some cases where only buying liability is not a good idea. If you have an outstanding loan on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not buy liability only.
Don’t assume everyone needs the same auto insurance coverage
When it comes to choosing coverage online or from an agent, there isn’t really a cookie cutter policy. You are unique.
For instance, these questions may help highlight if you could use an agent’s help.
- Should I file a claim if it’s only slightly more than my deductible?
- Does coverage extend to a rental car in a foreign country?
- Is there a penalty for late payment?
- Does my Volvo XC70 need full coverage?
- What companies insure drivers after a DUI or DWI?
- Do I need special endorsements for business use of my vehicle?
If you don’t know the answers to these questions, you may need to chat with an insurance agent. If you don’t have a local agent, fill out this quick form. It only takes a few minutes and can help protect your family.
Auto insurance quotes from local Raleigh insurance agents
Many drivers just want to talk to a local agent and that is OK! Professional insurance agents can help you choose the best coverages and help file insurance claims. A good thing about comparing insurance prices online is that you can obtain lower rates but also keep your business local.
After filling out this simple form, your information is instantly submitted to insurance agents in Raleigh that can provide free Raleigh auto insurance quotes for your auto insurance coverage. There is no need to even leave your home since price quotes are sent directly to you. If you have a need to compare prices from one company in particular, you can always navigate to their website and fill out the quote form the provide.
Selecting an insurer should depend on more than just the quoted price. The answers to these questions are important, too.
- Are you getting all the discounts the company offers?
- How would your car be valued if totaled?
- What company holds the largest book of business for them?
- Are they properly licensed to sell insurance in North Carolina?
- What insurance companies do they work with in Raleigh?
If you want to buy auto insurance from a local Raleigh insurance agency, you must know there are a couple different types of agents and how they can quote your rates. Agents in Raleigh are categorized either exclusive or independent. Either can insure your vehicles properly, but it’s important to know how they are different because it can influence buying decisions.
Exclusive Insurance Agencies
Agents in the exclusive channel work for only one company and examples are State Farm, Allstate and AAA. Exclusive agents cannot give you multiple price quotes so you might not find the best rates. Exclusive agents are well trained on their products and sales techniques which helps them sell on service rather than price. Some consumers prefer to use the same exclusive agent partially due to the brand and the convenience of having a single billing for all their coverages.
The following are exclusive insurance agents in Raleigh who may provide you with price quote information.
- Karen Boone – State Farm Insurance Agent
5603 Creedmoor Rd – Raleigh, NC 27612 – (919) 782-6666 – View Map - State Farm: Jerome Murray
8410 Louisburg Rd #100 – Raleigh, NC 27616 – (919) 266-9371 – View Map - Anthony Sykes – State Farm Insurance Agent
4030 Wake Forest Rd Ste 106 – Raleigh, NC 27609 – (919) 850-0560 – View Map
Independent Agents
Independent agencies do not have single company limitations and that allows them to write policies with an assortment of companies and find you cheaper rates. If your premiums go up, an independent agent can move your coverage which is easy for the insured.
When shopping rates, it’s a good idea to get quotes from multiple independent agents in order to have the best price comparison. Most also write with smaller mutual companies that may have much lower rates than larger companies.
Listed below are Raleigh independent agencies who can help you get comparison quotes.
- Lee Winters Insurance Agency
1330 St Marys St Suite 250 – Raleigh, NC 27605 – (919) 828-7130 – View Map - Wade S Dunbar Insurance
7951 Monument Ln # 201 – Raleigh, NC 27615 – (919) 720-2290 – View Map - G. Suggs Insurance Agency, Inc.
1025 Bullard Ct – Raleigh, NC 27615 – (919) 875-8889 – View Map
If you feel you receive good answers to any questions you may have as well as offering an affordable quote, you may have just found an insurance agent that meets the criteria to insure your vehicles.
Car insurance 101
Understanding the coverages of your policy can be of help when determining the best coverages and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring.
Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since many North Carolina drivers only carry the minimum required liability limits (30/60/25), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.
Auto liability – Liability coverage protects you from damages or injuries you inflict on other’s property or people in an accident. It protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 30/60/25 that translate to $30,000 bodily injury coverage, a limit of $60,000 in injury protection per accident, and $25,000 of coverage for damaged property.
Liability coverage pays for claims such as medical expenses, attorney fees and medical services. The amount of liability coverage you purchase is a personal decision, but consider buying as much as you can afford. North Carolina state minimum liability requirements are 30/60/25 but you should consider buying more liability than the minimum.
The chart below shows why minimum state limits may not be enough coverage.
Comprehensive coverages – This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things like hail damage, hitting a deer and theft. The maximum amount a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Collision coverage – Collision coverage pays to fix your vehicle from damage resulting from a collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage protects against claims such as rolling your car, sideswiping another vehicle, colliding with another moving vehicle and damaging your car on a curb. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. You can also bump up the deductible on your XC70 to bring the cost down.
Coverage for medical payments – Med pay and PIP coverage kick in for short-term medical expenses for things like dental work, EMT expenses and doctor visits. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage
More quotes mean more auto insurance savings
We just covered many ideas to find cheaper Volvo XC70 insurance in Raleigh. It’s most important to understand that the more you quote Raleigh auto insurance, the better likelihood of getting affordable Raleigh auto insurance quotes. You may even discover the most savings is with the smaller companies.
As you go through the steps to switch your coverage, don’t be tempted to reduce coverage to reduce premium. Too many times, someone dropped full coverage and discovered at claim time that it was a big error on their part. The goal is to buy enough coverage at the lowest possible cost, but do not skimp to save money.
Some companies may not offer the ability to get quotes online and these smaller providers only sell coverage through independent agents. The cheapest Volvo XC70 insurance in Raleigh is possible online and also from your neighborhood Raleigh agents, and you need to price shop both to have the best selection.
How to save money on Volvo XC70 insurance in Raleigh
If you want to save the most money, the best way to get cheaper Volvo XC70 insurance in Raleigh is to compare prices at least once a year from different companies who sell insurance in North Carolina. Prices can be compared by following these guidelines.
First, try to learn about individual coverages and the things you can change to lower rates. Many rating factors that increase rates such as multiple speeding tickets and an unacceptable credit history can be amended by making minor driving habit or lifestyle changes.
Second, compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only provide price estimates from a single company like GEICO or State Farm, while agents who are independent can give you price quotes from multiple companies.
Third, compare the new rates to your existing policy and see if there is a cheaper rate in Raleigh. If you find a lower rate quote, make sure the effective date of the new policy is the same as the expiration date of the old one.
Fourth, provide adequate notice to your current company of your intention to cancel your current car insurance policy and submit payment along with a signed and completed policy application to your new agent or company. Once the paperwork is finalized, place your new certificate verifying coverage with your registration paperwork.
An important part of this process is to try to use similar limits and deductibles on each price quote and and to get price quotes from as many companies as you can. This guarantees a fair price comparison and a complete price analysis.
More information is available at the links below
- Speed and Speed Limit FAQ (iihs.org)
- Who Has Cheap Raleigh Auto Insurance Quotes for Electric Cars? (FAQ)
- Who Has Cheap Auto Insurance Rates for Drivers Under 21 in Raleigh? (FAQ)
- Who Has Affordable Auto Insurance Rates for Drivers Over Age 70 in Raleigh? (FAQ)
- Prom Night Tips for Teen Drivers (State Farm)
- Auto Insurance FAQ (Farmers Insurance)