Are you kicking yourself for buying overpriced Volvo S60 insurance in San Jose? Trust us when we tell you many San Jose drivers feel the same as you.
Sadly, most drivers kept their policy with the same company for more than four years, and practically 40% of car insurance customers have never compared rate quotes at all. Drivers in California could save an average of $470 each year just by getting comparison quotes, but most tend to underestimate the actual amount they would save if they bought a different policy.
There is such a variety of insurance companies to pick from, and though it is a good thing to be able to choose, more options can take longer to find the lowest cost provider for Volvo S60 insurance in San Jose.
How to get the cheapest Volvo S60 insurance in San Jose, CA
When comparing car insurance rates, know that obtaining a wide range of quotes increases your odds of finding a better price.
The providers in the list below provide free quotes in San Jose, CA. If several companies are displayed, we suggest you visit two to three different companies to get the most affordable price.
Auto insurance just makes sense
Even though it’s not necessarily cheap to insure a Volvo in San Jose, auto insurance is required in California but also provides important benefits.
- Just about all states have minimum liability requirements which means state laws require specific minimum amounts of liability in order to drive the car legally. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you bought your Volvo with a loan, almost every bank will make it a condition of the loan that you have comprehensive coverage to guarantee payment of the loan. If you let the policy lapse, the bank or lender will purchase a policy for your Volvo at an extremely high rate and force you to pay for it.
- Insurance safeguards not only your Volvo S60 but also your financial assets. Insurance will also pay for medical expenses for both you and anyone you injure as the result of an accident. Liability insurance also covers legal expenses if you are named as a defendant in an auto accident. If you have damage to your Volvo as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.
The benefits of buying enough insurance are without a doubt worth the cost, especially for larger claims. An average driver in America overpays more than $850 per year so compare quotes from several companies every year to ensure rates are competitive.
Lower Your San Jose Insurance Premiums
One of the most helpful ways to save on auto insurance is to to have a grasp of the factors that come into play when calculating the rates you pay for auto insurance. If you have some idea of what impacts premium levels, this allows you to make educated decisions that could help you find cheaper rates. Lots of things are considered when you get your auto insurance bill. Some factors are common sense like a motor vehicle report, but other factors are less apparent such as whether you are married or your financial responsibility.
The list below includes just a few of the factors used by insurance companies to determine your rates.
Lower rates for married couples – Being married may save some money on your auto insurance bill. Having a significant other generally demonstrates drivers are more financially stable and statistics show married drivers get in fewer accidents.
How many coverages with the same company – Lots of insurers apply better rates to people that have more than one policy. It’s known as a multi-policy discount. Discounts can amount to five, ten or even twenty percent. Even with this discount, it’s still a good idea to comparison shop to make sure you are getting the best deal.There is a good possibility that you can find better rates even if you have your coverage with different companies
Too many insurance claims and you’ll pay more – If you frequently file small claims, you can definitely plan on either higher rates or even cancellation. Insurance companies in California generally give lower rates to drivers who do not file claims often. Your insurance policy is intended to be relied upon for more catastrophic claims.
Consider raising deductibles – Physical damage coverage, also known as collision and other-than-collision, insures against damage to your Volvo. A few examples of covered claims are a windshield shattered by a rock, damage from fire, and burglary. Your deductibles are how much you are required to spend in the event of a claim. The more damage repair cost you are required to pay out-of-pocket, the less your auto insurance will be.
Teen drivers cost more – More mature drivers are viewed as being more responsible, are lower risk to insure, and get fewer tickets. Beginning drivers are statistically proven to be inattentive when driving and because of this, their auto insurance rates are much higher.
Better drivers pay lower premiums – Getting just one driving citation can boost insurance rates by twenty percent. Drivers with clean records pay lower auto insurance prices as compared to those with violations. People who have multiple violations like DUI or willful reckless driving might be required by their state to submit a SR-22 form to the state department of motor vehicles in order to prevent their license from being revoked.
Urban areas may pay more – Residing in smaller towns and rural areas of the country is a good thing when insuring your vehicles. City drivers have traffic congestion and much longer commute distances. Fewer drivers and short commutes means reduced accidents.
Insurance loss data for Volvo S60 vehicles – Companies use historical loss data when setting premium rates. Models that the data shows to have a higher amount or frequency of claims will have increased rates. The information below illustrates the insurance loss data used by companies for Volvo S60 vehicles.
For each policy coverage type, the claim probability for all vehicles averaged together is represented as 100. Values that are below 100 are indicative of better than average losses, while percentages above 100 indicate a higher chance of having a claim or an increased chance of a larger loss.
|Specific Volvo 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
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
It’s not one size fits all
Always remember that when buying your policy, there really is not a perfect coverage plan. Every situation is different and your car insurance should unique, too.
Here are some questions about coverages that might help in determining whether or not you would benefit from an agent’s advice.
- Can I pay claims out-of-pocket if I buy high deductibles?
- How does medical payments coverage work?
- Are my friends covered when driving my car?
- If I use my vehicle for business use is it covered?
- Do I need special coverage while pulling a rented trailer?
- Are my custom wheels covered?
- What if an uninsured driver hits me?
- I have health insurance so do I need medical payments coverage?
- Am I getting all the discounts available?
If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier
One last thing to lower rates
Cheap Volvo S60 insurance in San Jose is available online and with local San Jose insurance agents, so you need to quote San Jose car insurance with both to get a complete price analysis. Some insurance providers may not provide internet price quotes and usually these small insurance companies prefer to sell through independent agents.
You just learned a lot of tips how to shop for Volvo S60 insurance online. The most important thing to understand is the more providers you compare, the better likelihood of getting the cheapest Volvo S60 rate quotes. Consumers could even find that the lowest prices come from a small mutual company. Smaller companies may only write in your state and offer lower rates than the large multi-state companies such as Allstate, GEICO and Progressive.
Steps to finding lower priced Volvo S60 insurance in San Jose
If you want to find the absolute lowest rates, then the best way to find low-cost prices for Volvo S60 insurance in San Jose is to compare prices at least once a year from different companies who provide auto insurance in California.
Step 1: Read and learn about the different coverages in a policy and the measures you can take to keep rates in check. Many factors that drive up the price such as traffic citations and poor credit can be amended by paying attention to minor details.
Step 2: Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like Progressive or Farmers Insurance, while independent agencies can provide rate quotes for many different companies.
Step 3: Compare the quotes to your existing rates to see if you can save by switching companies. If you find a lower rate quote, make sure there is no lapse between the expiration of your current policy and the new one.
Step 4: Provide written notification to your current company of your intention to cancel your existing policy and submit a signed application and payment to the newly selected company. Once the paperwork is finalized, put the new certificate verifying coverage in an accessible location in your vehicle.
A key point to remember is to use the same physical damage deductibles and liability limits on every price quote and and to compare every company you can. This guarantees a fair price comparison and many rates to choose from.
More detailed car insurance information can be found in these articles:
- Electronic Stability Control FAQ (iihs.org)
- Who Has Cheap Auto Insurance for a Ford Fusion in San Jose? (FAQ)
- Who Has Affordable Car Insurance for Real Estate Agents in San Jose? (FAQ)
- How Much are Car Insurance Quotes for a 20 Year Old Female in San Jose? (FAQ)
- Understanding Rental Car Insurance (Insurance Information Institute)
- Keeping Children Safe in Crashes Video (iihs.org)
- Distracted Driving Statistics (Insurance Information Institute)
- Auto Insurance 101 (About.com)