Best Volvo XC60 Insurance in Chandler

Discount Volvo XC60 insuranceIt’s an obvious assumption that car insurance companies want to keep you from comparing rates. People who shop around for a cheaper policy are inclined to switch companies because of the high probability of finding a more affordable policy. A recent survey found that drivers who made a habit of comparing rate quotes saved over $3,450 over four years as compared to drivers who never shopped for cheaper rates.

If finding the best rates on insurance in Chandler is your ultimate objective, then having some knowledge of the best way to quote and compare insurance can save time and make the process easier.

Truthfully, the best way to get more affordable Volvo XC60 insurance is to start comparing prices regularly from providers who can sell car insurance in Chandler. Rate comparisons can be done by following these steps.

Step 1: Take a little time to learn about auto insurance and the things you can change to drop your rates. Many policy risk factors that result in higher prices such as getting speeding tickets and a low credit rating can be eliminated by making lifestyle changes or driving safer. Read the full article for more ideas to prevent high rates and get additional discounts that may have been overlooked.

Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from a single company like GEICO and State Farm, while independent agents can quote prices from multiple companies. Click to view companies

Step 3: Compare the quotes to your existing policy and determine if cheaper XC60 coverage is available. If you find better rates and make a switch, make sure there is no coverage gap between policies.

Step 4: Give notification to your agent or company to cancel your current auto insurance policy. Submit the required down payment along with the signed application to the new insurer. When you receive it, put the certificate verifying coverage with the vehicle registration.

A valuable tip to remember is to use identical limits and deductibles on each price quote and and to get prices from all possible companies. This ensures the most accurate price comparison and a better comparison of the market.

The quickest way to compare car insurance rates for Volvo XC60 insurance in Chandler is to take advantage of the fact all the major auto insurance companies have advanced systems to give rate comparisons. To start a quote, the only thing you need to do is provide the companies a bit of rating information such as how you use your vehicles, what your job is, how much school you completed, and if you are currently licensed. Your rating data is sent automatically to multiple companies and they return cost estimate very quickly.

If you would like to start a quote now, click here and find out if lower rates are available in Chandler.

The following companies are ready to provide free quotes in Arizona. To buy cheap car insurance in Arizona, it’s a good idea that you visit as many as you can in order to find the lowest rates.

Insurance coverage details

The coverage information below highlights different coverage costs for Volvo XC60 models. Knowing how insurance quotes are established helps drivers make decisions when choosing a new policy provider.

Volvo XC60 Insurance Rates in Chandler, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC60 3.2 2WD $162 $308 $288 $18 $86 $862 $72
XC60 3.2 AWD $182 $308 $288 $18 $86 $882 $74
XC60 T6 AWD AWD $182 $364 $288 $18 $86 $938 $78
XC60 T6-R AWD AWD $204 $364 $288 $18 $86 $960 $80
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Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Prices do not factor in zip code location which can decrease or increase insurance rates noticeably.

How high should deductibles be?

One of the most common car insurance questions is at what level do you set your deductibles. The premium rates below can help illustrate the cost difference of buying low and high policy deductibles. The first rate comparisons uses a $100 physical damage deductible and the second set of rates uses a $500 deductible.

Volvo XC60 insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC60 3.2 2WD $258 $466 $254 $16 $76 $1,095 $91
XC60 3.2 AWD $292 $466 $254 $16 $76 $1,129 $94
XC60 T6 AWD AWD $292 $548 $254 $16 $76 $1,211 $101
XC60 T6-R AWD AWD $324 $548 $254 $16 $76 $1,243 $104
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Volvo XC60 insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC60 3.2 2WD $188 $314 $254 $16 $76 $848 $71
XC60 3.2 AWD $212 $314 $254 $16 $76 $872 $73
XC60 T6 AWD AWD $212 $370 $254 $16 $76 $928 $77
XC60 T6-R AWD AWD $236 $370 $254 $16 $76 $952 $79
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Table data does not factor in zip code location which can raise or lower premiums noticeably.

Using the data above, we can ascertain that using a $100 deductible costs approximately $23 more each month or $276 every year averaged for all XC60 models than choosing the higher $500 deductible. Since you would have to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you go at a minimum 17 months between claims, you would probably save some money by going with a higher deductible. The table below shows an example of how you can perform this determination yourself.

Average monthly premium for $100 deductibles: $98
Average monthly premium for $500 deductibles (subtract): – $75
Monthly savings from raising deductible: $23
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $23
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

One important caveat is that a higher deductible means you will have to cover more of the damage yourself at claim time. You need enough money stashed away in order to pay the deductible for vehicle repair.

The chart below highlights how deductible choice and can affect Volvo XC60 insurance prices for each age group. Data assumes a single male driver, full physical damage coverage, and no policy discounts are applied.

How violations and accidents impact rates

The example below shows how speeding tickets and accidents can affect Volvo XC60 auto insurance rates for different ages of insureds. The prices are based on a married female driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.

Rate difference between full and liability-only coverage

The information below shows the comparison of Volvo XC60 auto insurance rates with and without full coverage. The premiums are based on no claims or violations, $100 deductibles, drivers are single, and no other discounts are factored in.

When to switch to liability coverage only

There isn’t a steadfast formula for phasing out full coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.

For example, let’s say your Volvo XC60 replacement cost is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $8,000 after you pay the deductible. If premiums are more than $800 a year for physical damage coverage, then you may need to consider dropping full coverage.

There are a few situations where eliminating full coverage is not recommended. If you haven’t satisfied your loan, you have to maintain full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should maintain full coverage.

Why you need car insurance

Even though it can be expensive, insuring your vehicle is required in Arizona but also provides important benefits.

The benefits of insuring your XC60 outweigh the cost, especially for larger claims. According to a survey of 1,000 drivers, the average driver is wasting up to $865 each year so it’s important to compare rates at every policy renewal to ensure rates are inline.

Four Things That Affect Your Insurance Premiums

When buying auto insurance it’s important to understand some of the factors that come into play when calculating the price you pay for auto insurance. If you have some idea of what influences your rates, this empowers consumers to make smart changes that may result in lower auto insurance prices. Multiple criteria are taken into consideration when pricing auto insurance. Some are obvious such as your driving history, but other factors are less apparent such as whether you are married or your financial responsibility.

Pay less with a high safety rating – Vehicles that have high safety ratings tend to have lower insurance rates. The safest vehicles reduce the chance of injuries and fewer serious injuries means less money paid by your insurance company and cheaper rates on your policy. If your Volvo XC60 has at least an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.

Gender and insurance coverage rates – The statistics show that females take fewer risks when driving. However, don’t assume that women are BETTER drivers than men. Women and men are in accidents in similar percentages, but the men tend to have higher claims. They also get higher numbers of serious violations like DUI and reckless driving. Youthful male drivers tend to get in the most accidents and therefore have the most expensive auto insurance rates.

The diagram below shows the comparison of Volvo XC60 insurance prices for male and female drivers. The information is based on a clean driving record, no at-fault accidents, full coverage, $1,000 deductibles, drivers are single, and no other discounts are factored in.

How many coverages with the same company – Some insurers afford lower prices to buyers who consolidate policies with them such as combining an auto and homeowners policy. Discounts can add up to as much as ten percent or more If you currently are using one company, you still need to shop around to confirm you are receiving the best rates possible.There is a good possibility that you can save more without the discount even if you insure with multiple companies

High physical damage deductibles reduce premiums – Coverage for physical damage, also called ‘full coverage’, insures against damage to your Volvo. Some coverage claims are a broken side mirror, hitting a deer, and rolling your vehicle. Comp and collision deductibles tell how much you are willing to pay if a claim is determined to be covered. The higher the amount you pay before a claim is paid (deductible), the less money you will pay for auto insurance.

Volvo XC60 insurance loss probability – Insurance companies use data from past claims to help calculate premium costs. Vehicles that the data shows to have increased losses will have higher rates. The table below demonstrates the insurance loss data for Volvo XC60 vehicles.

For each policy coverage type, the claim amount for all vehicles, regardless of manufacturer or model, is considered to be 100. Percentages below 100 imply a favorable loss record, while values over 100 show a trend for more claims or statistically larger claims.

Insurance Loss Ratings for Volvo XC60 Vehicles
Specific Volvo Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Volvo XC60 4dr 2WD 79 74 70 60 53 55
Volvo XC60 4dr 4WD 93 82 75 66 64 57

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Smart consumers save more

Throughout this article, we presented many ideas to get a better price on Volvo XC60 insurance in Chandler. The key thing to remember is the more you quote Chandler auto insurance, the better your chances of lowering your prices. You may even find the most savings is with an unexpected company. They may have significantly lower prices on certain market segments as compared to the big name companies such as Progressive and GEICO.

When buying insurance coverage, it’s a bad idea to skimp on coverage in order to save money. There have been many situations where an accident victim reduced collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to buy the best coverage you can find at an affordable rate while not skimping on critical coverages.

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