Pricey Volvo S60 insurance in San Antonio can consume your savings account and put the squeeze on your family's finances. Performing a rate comparison is a great way to tighten up your finances.
Regrettably, the majority of drivers kept buying from the same company for a minimum of four years, and about 40% of consumers have never compared rate quotes at all. Most drivers in America can save hundreds of dollars each year just by comparing rates, but most just don't grasp how much money they would save if they switched to a more affordable policy.
Drivers have many insurers to purchase coverage from, and although it's a good thing to have a choice, more options can take longer to compare rates and find the lowest cost insurance.
It's a good habit to get comparison quotes quite often since insurance prices are adjusted regularly by insurance companies. Despite the fact that you may have had the best price on Volvo S60 insurance in San Antonio two years ago other companies may now be cheaper. You can find a lot of information about S60 insurance online, but in this article, you're going to get some proven techniques to save money.
Informed Drivers Save Money
Part of the auto insurance buying process is learning some of the things that play a part in calculating your auto insurance rates. If you have a feel for what positively or negatively impacts your premiums, this enables informed choices that can help you get lower auto insurance prices. Many different elements are taken into consideration when you get your auto insurance bill. Some are pretty understandable such as your driving history, but other factors are less apparent like your vehicle usage or how financially stable you are.
Shown below are a few of the things utilized by car insurance companies to help set premiums.
Do females or males drive better? - Over the last 50 years, statistics have shown women tend to be less risk to insure than men. This data doesn't prove that women are better drivers. Women and men are in accidents at a similar rate, but guys have costlier accidents. Not only that, but men also get cited for more serious violations like reckless driving and DUI. Youthful male drivers are several times more likely to be in an accident and are penalized with high auto insurance rates.
Do you really need roadside assistance? - Policies have extra add-on coverages you can purchase if you don't pay attention. Coverages for coverage for rental cars, accidental death, and additional equipment coverage may be wasting your money. These coverages may sound good when discussing your needs, but if you have no use for them eliminate the coverages to reduce your premium.
Occupation stress can make you pay more - Did you know your job can affect your rates? Jobs like military generals, social workers, and stock brokers have higher premiums than the average policyholder because of job stress and extremely grueling work hours. On the flip side, professions such as scientists, engineers and the unemployed generally pay rates lower than average.
Get married and get better costs - Being married helps lower the price when shopping for auto insurance. Having a significant other may mean you are more mature and insurance companies reward insureds because being married results in fewer claims.
Driver age impacts prices - Mature drivers are more cautious drivers, tend to file fewer claims, and tend to be get fewer driving tickets. Young drivers have been known to be more careless when driving therefore auto insurance rates are much higher.
Increase physical damage deductibles and save - Comprehensive and collision coverage deductibles are how much you are willing to pay if you file a covered claim. Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your car. Some instances where coverage would apply are colliding with a stationary object, collision with a deer, and damage caused by road hazards. The larger the amount the insured has to pay upfront, the bigger discount you will receive.
Volvo S60 insurance loss data - Insurance companies use statistical claims data when they file their rates in each state. Vehicles that statistically have a higher amount or frequency of claims will have a higher premium rate.
The information below illustrates the loss history for Volvo S60 vehicles. For each coverage type, the statistical loss for all vehicles compiled together is equal to 100. Values below 100 suggest a better than average loss history, while numbers above 100 show a trend for more claims or larger claims.
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Volvo S60 4dr 2WD||103||85||83||76||72||65|
|Volvo S60 4dr 4WD||111||73||90||65||66|
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Determine discounts on San Antonio auto insurance
Auto insurance can be pricey, but discounts can save money and there are some available that you may not know about. Many discounts should be triggered when you quote, but some may not be applied and must be inquired about before you will receive the discount.
- Senior Citizen Rates - Drivers over the age of 55 may qualify for a slight reduction on a San Antonio auto insurance quote.
- Seat Belts Save - Drivers who require all occupants to use a seat belt can save up to 15% off the PIP or medical payment premium.
- Discounts for Government Workers - Active or former government employment can save as much as 8% depending on your auto insurance provider.
- ABS and Traction Control Discounts - Cars, trucks, and SUVs that have steering control and anti-lock brakes can reduce accidents and will save you 10% or more on S60 insurance in San Antonio.
- Bundle and Save - If you combine your homeowners and auto policies with one company they may give you a discount of as much as 10 to 15 percent.
- Anti-theft Discount - Cars, trucks, and SUVs with anti-theft systems are stolen with less frequency and will qualify for a discount on a San Antonio auto insurance quote.
It's important to understand that some of the credits will not apply to the entire cost. Most only apply to the cost of specific coverages such as liability and collision coverage. Just because you may think all the discounts add up to a free policy, auto insurance companies aren't that generous. But any discount will definitely reduce the amount you have to pay.
Some companies that possibly offer most of these discounts are:
If you want affordable San Antonio auto insurance quotes, ask each company or agent to give you their best rates. Some of the discounts discussed earlier may not apply everywhere.
Persistent drivers can save
As you restructure your insurance plan, don't be tempted to sacrifice coverage to reduce premiums. In many instances, an insured cut physical damage coverage only to discover later they didn't purchase enough coverage. The proper strategy is to buy the best coverage you can find for the lowest price, not the least amount of coverage.
Budget-conscious Volvo S60 insurance is attainable from both online companies and from local insurance agents, and you need to price shop both to have the best rate selection. Some insurance companies may not provide rates over the internet and many times these regional carriers work with independent insurance agents.
For more information, take a look at these articles:
- Warning systems don't curb driver distraction (Insurance Institute for Highway Safety)
- How Much is Auto Insurance for Postal Workers in San Antonio? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for State Employees in San Antonio? (FAQ)
- Who Has Cheap San Antonio Car Insurance Rates for a Toyota Highlander? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for Welfare Recipients in San Antonio? (FAQ)
- Who Has the Cheapest Car Insurance for a Toyota Camry in San Antonio? (FAQ)
- How Much are Car Insurance Rates for 17 Year Olds in San Antonio? (FAQ)
- Older Drivers FAQ (iihs.org)
- When is the Right Time to Switch Car Insurance Companies? (Allstate)