The recommended way to get cheaper car insurance rates in San Jose is to start comparing rates regularly from insurance carriers in California. Rates can be compared by following these guidelines.
First, take a few minutes and learn about how your policy works and the steps you can take to keep rates low. Many rating criteria that result in higher prices like your driving record and a substandard credit history can be controlled by making minor changes to your lifestyle. Read the full article for instructions to help reduce prices and find available discounts that you may qualify for.
Second, obtain price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give prices from a single company like GEICO and Allstate, while agents who are independent can provide prices for a wide range of companies. Select a company
Third, compare the new rate quotes to your current policy and determine if cheaper V50 coverage is available in San Jose. If you find a lower rate and change companies, make sure there is no lapse in coverage.
Fourth, notify your current company of your decision to cancel your current car insurance policy and submit the signed application along with the required initial payment to the new company. As soon as you can, place your new certificate of insurance along with your vehicle registration.
A good piece of advice is to compare the same deductibles and limits on every price quote and and to get price quotes from every company you can. This guarantees an apples-to-apples comparison and and a good selection of different prices.
It's an obvious conclusion that insurance companies don't want you shop around. Consumers who shop rates annually are very likely to buy a different policy because they have a good chance of finding lower prices. A recent insurance study discovered that people who made a habit of comparing rate quotes saved as much as $3,400 over four years as compared to drivers who didn't regularly shop around.
If saving the most money on auto insurance is the reason for your visit, learning how to find and compare auto insurance can save time and money.
Get cheaper Volvo V50 insurance rates in San Jose
Some providers don't always advertise every policy discount very well, so we researched a few of the more well known and the more hidden credits that you can use to lower your rates.
- Buy New and Save - Putting auto insurance coverage on a new V50 may earn a small discount due to better safety requirements for new vehicles.
- Accident Waiver - This isn't a discount exactly, but some companies like State Farm and Progressive will turn a blind eye to one accident before raising your premiums so long as you are claim-free prior to the accident.
- College Student Discount - College-age children who live away from home to go to college and won't have access to an insured vehicle could qualify for this discount.
- Federal Employees - Having worked for a branch of the government could cut as much as 10% off depending on your auto insurance provider.
- Driver Education Discount - Make teen driver coverage more affordable by requiring them to enroll in driver's education in school.
- Own a Home - Simply owning a home can get you a discount because of the fact that having a home shows financial diligence.
- Onboard Data Collection - Drivers who elect to allow their company to look at driving habits by installing a telematics device such as Progressive's Snapshot could see a rate decrease if they show good driving skills.
While discounts sound great, it's important to understand that most credits do not apply to the whole policy. Most only cut the price of certain insurance coverages like medical payments or collision. So even though you would think it's possible to get free car insurance, it just doesn't work that way.
The information below illustrates the comparison of Volvo V50 annual premium costs with and without discounts applied. The rate quotes are based on a male driver, no accidents or driving violations, California state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, homeowner, claim-free, multi-car, and multi-policy discounts applied.
If you would like to view providers with discount auto insurance rates in California, click here to view.
When comparison shopping, there are several ways to compare rate quotes from different companies. The easiest way by far to do a complete rate comparison is to perform an online rate comparison.
Getting free price quotes online is quite simple, and it makes it a waste of time to spend time driving to insurance agencies in your area. The ability to quote Volvo V50 insurance online has made agencies unnecessary unless you want the professional abilities that only a licensed agent can provide. You can, however, price shop online but have your policy serviced through an agent. When comparing car insurance rates, know that quoting more will increase your chances of finding the best offered rates.
The providers in the list below are ready to provide quotes in San Jose, CA. If multiple companies are listed, it's highly recommended you get prices from several of them in order to find the most competitive rates.
Premium rates and analysis
The table shown next highlights detailed analysis of insurance prices for Volvo V50 models. Understanding how rate quotes are established can help customers make smart choices when choosing a car insurance company.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|V50 AWD T5 R-Design||$238||$490||$442||$26||$132||$1,328||$111|
|Get Your Own Custom Quote Go|
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Estimates do not factor in specific location information which can alter price quotes greatly.
The illustration below highlights how deductible choice and can change Volvo V50 annual premium costs for each different age category. The rates are based on a single male driver, comprehensive and collision coverage, and no discounts are factored in.
Premiums by gender and age
The illustration below illustrates the comparison of Volvo V50 insurance rates for male and female drivers. The premiums are based on a clean driving record, no at-fault accidents, comp and collision included, $250 deductibles, marital status is single, and no other discounts are factored in.
Rate difference between full and liability-only coverage
The information below visualizes the comparison of Volvo V50 insurance rates with and without physical damage coverage. The rate quotes are based on no claims or driving citations, $250 deductibles, marital status is single, and no additional discounts are factored in.
Are you wasting money on full coverage?
There is no set guideline of when to phase out full coverage, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than 10% of the settlement you would receive from your company, then you might consider buying liability only.
For example, let's say your Volvo V50 replacement cost is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, you would only receive $7,000 after paying your deductible. If premiums are more than $700 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.
There are a few cases where buying only liability insurance is not a good plan. If you still have a lienholder on your title, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.
You are unique and your insurance should be too
When it comes to your policy, there really is no "perfect" insurance plan. You are unique and your policy should reflect that. For example, these questions might help in determining whether your personal situation would benefit from an agent's advice.
- Are my tools covered if they get stolen from my vehicle?
- Am I covered when driving on a suspended license?
- Do I have newly-acquired coverage?
- Am I covered if I wreck a rental car?
- Does my policy cover my teen driver if they drive my company car?
- What is GAP insurance?
If you can't answer these questions, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.
Exclusive versus independent auto insurance agents
Some consumers still like to sit down and talk to an agent. A good thing about comparing rates online is the fact that you can find cheap rate quotes and still choose a local agent. Supporting local insurance agents is definitely important in San Jose.
For easy comparison, once you complete this quick form, your insurance data is instantly submitted to insurance agents in San Jose who will return price quotes to get your business. It's much easier because you don't need to find an agent on your own because prices are sent to you instantly. It's the lowest rates and a licensed agent to talk to. If for some reason you want to get a price quote from a particular provider, you just need to find their quoting web page and fill out the quote form the provide.
Listed below are San Jose car insurance companies that can give you comparison quotes for Volvo V50 insurance in San Jose.
Selecting an insurer requires you to look at more than just a cheap price. The questions below may impact your decision as well.
- Does the company have a solid financial rating?
- Will they give you a referral list?
- Who is covered by the car insurance policy?
- Can you use your own choice of collision repair facility?
- How much training do they have in personal risk management?
- Will one accident increase rates?
- Will a damage claim use OEM or aftermarket replacement parts?
Cheaper car insurance premiums are out there
As you prepare to switch companies, it's very important that you do not skimp on critical coverages to save a buck or two. There are too many instances where an insured cut physical damage coverage only to discover later that the few dollars in savings costed them thousands. Your objective should be to buy the best coverage you can find at an affordable rate, but don't skip important coverages to save money.
Throughout this article, we presented some good ideas how to save on Volvo V50 insurance in San Jose. The key concept to understand is the more rate quotes you have, the better your comparison will be. Consumers may even find the lowest auto insurance rates come from a company that doesn't do a lot of advertising. They can often provide lower premium rates in certain areas compared to the large companies like GEICO and State Farm.
The cheapest Volvo V50 insurance in San Jose is available from both online companies as well as from independent agents in San Jose, so you need to quote San Jose auto insurance with both so you have a total pricing picture. Some car insurance companies may not provide rates over the internet and many times these smaller companies only sell through independent insurance agents.
Other learning opportunities
- Teen Driving and Texting (State Farm)
- Who Has Affordable Auto Insurance for Good Students in San Jose? (FAQ)
- How Much are Car Insurance Quotes for a 20 Year Old Female in San Jose? (FAQ)
- Who Has Cheap Car Insurance Rates for a Honda Accord in San Jose? (FAQ)
- A Tree Fell on Your Car: Now What? (Allstate)
- Steps to Take After an Auto Accident (Insurance Information Institute)
- What is Full Coverage? (Allstate)