Auto Insurance Quotes for a Volvo XC60 in San Antonio

How long has it been since you sat down and looked for more affordable Volvo XC60 insurance in San Antonio? High-priced auto insurance in San Antonio can sap your savings and put a big crunch on your finances. Price shopping at each renewal is an excellent way to make sure you’re not throwing money away.

It’s safe to assume that auto insurance companies don’t want you to look at other companies. People who shop around are likely to switch to a new company because they have a good chance of finding a policy with more affordable rates. A recent survey revealed that people who regularly compared rates saved an average of $70 a month as compared to drivers who never shopped around.

If finding budget-friendly insurance is the reason you’re reading this, then learning a little about how to compare insurance can make it simple to find affordable coverage.

Having so many companies and agents to choose from, it is very difficult to locate the lowest price insurance company.

Finding the best-priced coverage in San Antonio is not as hard as you may think. Practically anyone who is required to buy car insurance stands a good chance to find a better price. But Texas drivers must understand how companies sell insurance online.

Cheapest companies for Volvo XC60 insurance in Texas

The following companies provide comparison quotes in Texas. If more than one company is shown, it’s highly recommended you compare several of them to get the cheapest price.

Facts and figures for Volvo XC60 insurance

The information displayed next covers a range of prices for Volvo XC60 models. Having a good understanding how policy rates are figured can assist in making smart buying decisions.

Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Rate information does not factor in specific garaging location which can affect coverage rates considerably.

Physical damage deductible comparison

One common question asked by San Antonio drivers is how high should the physical damage deductibles be. The comparisons below show the differences in premium rates when you choose different physical damage coverage deductibles. The first price estimate table uses a $250 deductible for comprehensive and collision coverage and the second price grid uses a $500 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Rate quotes do not factor in San Antonio location which can impact prices considerably.

We can derive from the above data that using a $250 deductible costs an average of $16 more each month or $192 for a full year across all Volvo XC60 models than requesting the higher $500 deductible. Because you would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you average at a minimum 16 months between claims, you would probably save some money if you choose a higher deductible.

One big caveat is that a higher deductible level results in a higher out-of-pocket expense when you file a claim. You will want to have enough money put aside in order to pay the higher deductible.

Volvo XC60 full coverage rates compared to liability only

The diagram below illustrates the comparison of Volvo XC60 insurance costs with and without full coverage. The price estimates are based on no violations or claims, $250 deductibles, marital status is single, and no policy discounts are applied.

Are you wasting money on full coverage?

There isn’t a written rule for excluding physical damage coverage, but there is a 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 you may want to consider only buying liability coverage.

For example, let’s pretend your Volvo XC60 replacement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $6,000 after the deductible is paid. If premium cost is more than $600 annually for your policy with full coverage, then you might want to think about dropping full coverage.

There are some scenarios where dropping full coverage is not recommended. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not remove full coverage.

San Antonio Insurance Premiums are Influenced by These Factors

Lots of factors are used when you get your auto insurance bill. Some are pretty understandable like your driving record, but other criteria are more transparent like your continuous coverage or your commute time.

The items below are some of the items used by your company to calculate your rates.

Rates can drop if you have more than one policy – Some car insurance companies will award lower prices to insureds that buy multiple policies. It’s known as a multi-policy discount. Even though this discount sounds good, it’s always a smart idea to shop around to ensure the best deal.

More traffic means higher claims – Residing in small towns and rural areas is a positive aspect when shopping for auto insurance. Fewer drivers and short commutes means a lower chance of having an accident. People who live in big cities have more traffic problems and higher rates of accident claims. Spending more time driving means a statistically higher chance of an accident.

Don’t cancel your car insurance policy without a new one in place – Having an insurance coverage lapse is a guaranteed way to bump up your car insurance costs. Not only will you pay more, being ticketed for driving with no insurance may earn you a license revocation or jail time. Then you may be required to file a SR-22 with the Texas motor vehicle department.

Tickets are costly – Getting just one speeding ticket or other violation can increase rates twenty percent or more. Careful drivers tend to pay less for car insurance than their less careful counterparts. Drivers unfortunate enough to have serious violations like DUI or willful reckless driving may face state-mandated requirements to maintain a SR-22 with their state DMV in order to drive a vehicle legally.

The example below highlights how speeding tickets and at-fault fender-benders can increase Volvo XC60 car insurance rates for each age group. The rate quotes are based on a single female driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.

Don’t cut corners with liability protection – The liability coverage on your policy will afford coverage when you are responsible for an accident. Liability insurance provides legal defense to attempt to prove you were not liable. This coverage is very inexpensive compared to physical damage coverage, so do not skimp.

Safety first – Vehicles with high crash test scores can get you lower premiums. Safer cars reduce the chance of injuries and better occupant protection means less money paid by your insurance company and thus lower rates.

Your stress level may be raising your premiums – Occupations like doctors, airline pilots, and financial analysts tend to pay the highest average rates because of intense work requirements and lengthy work days. Conversely, professions such as actors, historians and homemakers generally pay rates lower than average.

Insurance losses for a Volvo XC60 – Companies use data from past claims when setting premium prices. Models that historically have increased claim numbers or amounts will cost more for specific coverages.

The table below outlines the insurance loss data used by companies for Volvo XC60 vehicles. For each coverage category, the loss probability for all vehicles, regardless of make, model or trim level, is equal to 100. Percentage values below 100 mean the vehicle has better than average losses, while values over 100 indicate higher probability of having a loss or an increased likelihood of larger losses.

Save money with these premium slashing discounts

Companies that sell car insurance don’t necessarily list every discount very clearly, so the list below contains a few of the more common and also the lesser-known credits available to you. If you are not receiving all the discounts you qualify for, you’re just leaving money on the table.

• Telematics Data Discounts – San Antonio drivers who agree to allow data collection to look at their driving habits by using a telematics device in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive could save a few bucks as long as the data is positive.
• Accident Forgiveness – This one is not really a discount per se, but companies like Progressive, Allstate, and Liberty Mutual will allow you to have one accident before hitting you with a surcharge so long as you haven’t had any claims for a certain period of time.
• Drive Safe and Save – Insureds who avoid accidents can save as much as half off their rates compared to rates paid by drivers with frequent claims.
• More Vehicles More Savings – Purchasing coverage when you have primary and secondary vehicles on the same insurance policy qualifies for this discount.
• Discounts for Federal Employees – Employees or retirees of the government may qualify for a discount when you quote San Antonio car insurance with select insurance companies.
• E-sign Discounts – Some of the larger companies will discount your bill up to fifty bucks get San Antonio car insurance on their website.
• Active Military Service – Being deployed with a military unit could qualify you for better premium rates.
• Drive Less and Save – Fewer annual miles on your Volvo could be rewarded with substantially lower premium rates.

Policy discounts save money, but most of the big mark downs will not be given to the overall cost of the policy. Most only reduce specific coverage prices like collision or personal injury protection. Even though it may seem like adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

The example below visualizes the comparison of Volvo XC60 annual premium costs with and without discounts. The costs are based on a male driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, multi-policy, safe-driver, multi-car, and homeowner discounts applied.

Some of the larger companies that may have these discounts include:

• Farm Bureau
• Liberty Mutual
• State Farm
• Auto-Owners Insurance
• GEICO
• SAFECO

Check with each insurance company which credits you are entitled to. Savings may not be available in San Antonio. If you would like to choose from a list of providers with the best discounts in San Antonio, click this link.

Car insurance is available from your local insurance agencies

Many people still prefer to buy from a licensed agent and that is not a bad decision An additional benefit of comparing rate quotes online is you may find the lowest rates and still choose a local agent. Buying from local agencies is still important in San Antonio.

To find an agent, once you fill out this form (opens in new window), your coverage information is immediately sent to insurance agents in San Antonio that give free quotes to get your business. It’s much easier because you don’t need to contact an agency since price quotes are sent straight to your inbox. It’s the lowest rates without requiring a lot of work. If you have a need to compare prices from one company in particular, feel free to visit that company’s website to submit a rate quote request.

Exclusive agents vs. Independent agents

When narrowing the list to find a reputable agency, there are two types of insurance agents and how they differ in how they can insure your vehicles. Car insurance agencies can either be independent (non-exclusive) or exclusive.

Independent Agencies or Brokers

These agents are not locked into one company so they can write business with multiple insurance companies and get the cheapest rates. If your premiums go up, your agent can just switch to a different company and you don’t have to switch agencies.

When comparing car insurance prices, it’s a good idea to compare quotes from several independent insurance agents to maximize your price options.

Featured below is a partial list of independent insurance agencies in San Antonio who can help you get pricing information.

View more agents

Exclusive Car Insurance Agencies

These agents have only one company to place business with like AAA, State Farm, Farmers Insurance, and Allstate. They generally cannot provide rate quotes from other companies so you need to shop around if the rates are high. Exclusive agents are very knowledgeable on the products they sell and that enables them to sell even at higher rates.

Shown below are exclusive insurance agents in San Antonio that can give you comparison quotes.

View more agents

Finding a good insurance agent requires you to look at more than just a low price. Any agent in San Antonio should be forthright in answering these questions:

• Are there any discounts that you might be missing?
• Do they feel the quoted coverages are adequate?
• Does the agency have a positive business rating?
• What companies can they write with?
• When do they do a full risk review?

Cover all your bases

Throughout this article, we presented a lot of techniques to save on Volvo XC60 insurance in San Antonio. The key concept to understand is the more rate comparisons you have, the higher the chance of saving money. Consumers may even find the most savings is with some of the smallest insurance companies. Smaller companies can often provide lower premium rates in certain areas than their larger competitors like Allstate, GEICO and Progressive.

As you prepare to switch companies, make sure you don’t buy poor coverage just to save money. There are too many instances where consumers will sacrifice comprehensive coverage or liability limits and found out when filing a claim that their decision to reduce coverage ended up costing them more. The goal is to purchase plenty of coverage for the lowest price, but don’t skip important coverages to save money.

Lower-priced insurance in San Antonio is attainable both online and also from your neighborhood San Antonio agents, and you should compare price quotes from both to get a complete price analysis. Some insurance companies do not provide rates over the internet and usually these regional insurance providers only sell coverage through independent agencies.

Even more information can be read in the articles below:

• Understanding Car Crashes Video (iihs.org)
• How Much are San Antonio Auto Insurance Quotes for Teachers? (FAQ)
• Who Has the Cheapest San Antonio Car Insurance for College Graduates? (FAQ)
• Who Has Affordable San Antonio Car Insurance Rates for Drivers with Accidents? (FAQ)
• Who Has Affordable Car Insurance Rates for Drivers Over Age 50 in San Antonio? (FAQ)
• Who Has Affordable San Antonio Auto Insurance Rates for a Toyota RAV4? (FAQ)
• Steps to Take After an Auto Accident (Insurance Information Institute)
• What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
• Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
• What is a Telematics Device? (Allstate)