Remarkably, a study showed that most auto insurance buyers in Virginia kept their coverage with the same auto insurance company for at least four years, and about 40% of consumers have never compared rates from other carriers. American drivers could save themselves almost $859 a year by just comparing quotes, but they think it’s difficult to save money by comparing rate quotes.
If you want to save the most money, the best way to get affordable car insurance rates in Virginia Beach is to regularly compare price quotes from providers that insure vehicles in Virginia. This can be done by following these guidelines.
- First, spend some time learning about car insurance and the measures you can take to prevent expensive coverage. Many rating criteria that result in higher rates such as accidents, traffic tickets, and your credit history can be improved by paying attention to minor details. Read the full article for tips to get low prices and find available discounts that you may qualify for.
- Second, obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from one company like Progressive or State Farm, while independent agencies can quote prices from multiple insurance companies.
- Third, compare the price quotes to your current policy to see if a cheaper rate is available. If you can save money and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Fourth, provide adequate notice to your current company of your intention to cancel your existing policy and submit a completed application and payment for your new coverage. Once coverage is bound, safely store the proof of insurance certificate along with your vehicle registration.
A valuable tip to remember is to use similar deductibles and liability limits on every price quote and and to look at every insurance company. Doing this provides an accurate price comparison and plenty of rates choose from.
If you have coverage now or are looking for a new policy, you can use these techniques to reduce premiums while maintaining coverages. These techniques will tell you the best methods to compare rates and how to save the most money. Consumers just need to use the most efficient way to compare company rates on the web.
Most major insurance companies like Progressive, Allstate and GEICO make it easy to get price estimates from their websites. Comparing Volvo XC60 insurance rates online doesn’t take much effort as you just enter the coverage amounts you desire as requested by the quote form. Once entered, their quoting system will obtain reports for credit and driving violations and provides a quote based on the information you submitted.
This makes it a lot easier to compare rates and it is important to get many rate quotes if you are searching for the best rate on car insurance.
In order to find out how much you can save on car insurance, compare quotes from the companies shown below. If you currently have coverage, we recommend you replicate coverages and limits identical to your current policy. Doing this guarantees you will get comparison quotes using the exact same coverages.
The providers in the list below provide free rate quotes in Virginia. To get the cheapest auto insurance in Virginia Beach, it’s highly recommended you visit several of them to get a more complete price comparison.
Rates and statistics
The price information shown below highlights detailed analysis of insurance coverage prices for Volvo XC60 models. Being aware of how insurance prices are established can assist in making smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC60 3.2 2WD | $170 | $328 | $248 | $14 | $74 | $834 | $70 |
| XC60 3.2 AWD | $194 | $328 | $248 | $14 | $74 | $858 | $72 |
| XC60 T6 AWD AWD | $194 | $386 | $248 | $14 | $74 | $916 | $76 |
| XC60 T6-R AWD AWD | $216 | $386 | $248 | $14 | $74 | $938 | $78 |
| Get Your Own Custom Quote Go | |||||||
Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Price information does not factor in vehicle location which can affect prices considerably.
Raise deductibles and save
When buying auto insurance, a common question is how high or low should comp and collision deductibles be. The comparisons below summarize the difference in cost between high and low deductibles. The first table uses a $250 deductible for comprehensive and collision coverage and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC60 3.2 2WD | $198 | $336 | $218 | $12 | $66 | $855 | $71 |
| XC60 3.2 AWD | $224 | $336 | $218 | $12 | $66 | $881 | $73 |
| XC60 T6 AWD AWD | $224 | $394 | $218 | $12 | $66 | $939 | $78 |
| XC60 T6-R AWD AWD | $250 | $394 | $218 | $12 | $66 | $965 | $80 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC60 3.2 2WD | $162 | $270 | $218 | $12 | $66 | $728 | $61 |
| XC60 3.2 AWD | $182 | $270 | $218 | $12 | $66 | $748 | $62 |
| XC60 T6 AWD AWD | $182 | $318 | $218 | $12 | $66 | $796 | $66 |
| XC60 T6-R AWD AWD | $204 | $318 | $218 | $12 | $66 | $818 | $68 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Prices do not factor in Virginia Beach location which can modify coverage rates substantially.
Using the premium rates above, we can conclude that using a $250 deductible costs approximately $12 more each month or $144 every year averaged for all XC60 models than choosing the higher $500 deductible. Because you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to go at a minimum 21 months between claims, you would probably save some money if you elect the higher deductible.
Poor driving habits will raise your auto insurance rates
The diagram below demonstrates how speeding tickets and at-fault fender-benders can increase Volvo XC60 yearly insurance costs for different insured age categories. The prices are based on a single male driver, full coverage, $100 deductibles, and no discounts are applied to the premium.
Volvo XC60 full coverage rates compared to liability only
The diagram below visualizes the comparison of Volvo XC60 premium costs with full coverage and liability only. The price estimates are based on no tickets, no at-fault accidents, $500 deductibles, drivers are single, and no discounts are taken into consideration.
Are you wasting money on full coverage?
There is no set rule of when to drop physical damage insurance, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than 10% of the replacement cost minus the deductible, then you might consider buying liability only.
For example, let’s pretend your Volvo XC60 book value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $5,000 after paying your deductible. If you are paying more than $500 a year to have full coverage, then you might want to consider buying only liability coverage.
There are some situations where only buying liability is not a good plan. If you still owe money on your vehicle, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not buy liability only.
Auto insurance is not optional in Virginia
Despite the potentially high cost of Volvo XC60 insurance, buying auto insurance serves a purpose in several ways.
First, just about all states have minimum liability requirements which means state laws require a specific minimum amount of liability insurance in order to drive the car. In Virginia these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
Second, if you have a loan on your XC60, it’s guaranteed your bank will force you to have comprehensive coverage to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Volvo at an extremely high rate and force you to reimburse them for it.
Third, insurance protects not only your Volvo XC60 but also your financial assets. It will also cover all forms of medical expenses incurred in an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense if you are sued as the result of an accident. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.
The benefits of buying auto insurance are definitely more than the cost, particularly for liability claims. In a recent study of 1,000 drivers, the average customer overpays more than $820 a year so you should quote your policy with other companies each time the policy renews to be sure current rates are still competitive.
How You Can Control Volvo XC60 Insurance Rates
Part of the auto insurance buying process is learning the rating factors that come into play when calculating the price you pay for auto insurance. When you understand what determines base rates, this empowers consumers to make smart changes that can help you get much lower annual insurance costs. Many different elements are used when you get your auto insurance bill. A few of the factors are predictable such as your driving record, but other criteria are less obvious like where you live or your commute time.
The following are some of the most rate-impacting factors companies use to determine your prices.
- Pay more of a claim out-of-pocket – Insurance for physical damage, aka comp and collision, covers damage that occurs to your Volvo. Examples of covered claims are running into the backend of another car, damage from fire, and damage caused by flying debris. Physical damage deductibles are the amount of money you are willing to pay if the claim is covered. The more expense the insured is willing to pay, the less your auto insurance will be.
- Deter car thieves – Owning a car with an alarm system can get you a discount on your auto insurance. Theft prevention devices such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help prevent car theft and help bring rates down.
- The more you drive the more you pay – Driving a lot of miles each year the more you will pay for auto insurance. A lot of insurance companies charge to insure your cars based on how the vehicle is used. Autos that have low annual miles receive better premium rates as compared to vehicles used primarily for driving to work. Make sure your auto insurance coverage is rated on the correct usage for each vehicle. Having the wrong rating on your XC60 is just wasting money.
- Where you live is a factor – Having an address in small towns and rural areas has it’s advantages when talking about auto insurance. Less people living in that area translates into fewer accidents in addition to fewer liability claims. People who live in big cities have to deal with more road rage incidents and a longer drive to work. More time behind the wheel means higher likelihood of an accident.
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Men pay more for insurance coverage – Over time, data shows women tend to be less risk to insure than men. However, this does not mean women are BETTER drivers than men. Both genders tend to get into accidents in similar percentages, but men tend to have more serious accidents. Men also statistically have more aggressive citations like reckless driving and DUI. Male drivers age 16 to 19 generally have the highest accident percentage and therefore are the most expensive to insure.
The chart below compares Volvo XC60 insurance premiums for male and female drivers. The data is based on a clean driving record, no at-fault accidents, full physical damage coverage, $500 deductibles, single marital status, and no other discounts are factored in.
- Vocation stress can make you pay more – Did you know your job can affect your rates? Jobs such as doctors, business owners, and accountants are shown to have higher premium rates in part from intense work-related stress and long work days. On the flip side, careers like farmers, historians and the unemployed get better rates.
- Extra coverages could be costing you – There are quite a few extra coverages that can add up but may not be useful. Insurance for things like personal injury protection, accident forgiveness, and term life insurance are probably not needed. These may sound like a good investment at first, but if they’re wasting money eliminate the coverages to reduce your premium.
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Volvo XC60 claim data – Companies study historical loss data to help determine the rate you pay. Models that tend to have higher claim frequency or loss amount will cost more to insure. The table below outlines the insurance loss data for Volvo XC60 vehicles.
For each coverage category, the claim probability for all vehicles compiled together is considered to be 100. Values that are under 100 suggest losses that are better than average, while values over 100 indicate more frequent claims or a tendency for losses to be larger than average.
Volvo XC60 Insurance Claim Statistics 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 BETTERAVERAGEWORSEStatistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Do you qualify for discounts on Volvo XC60 insurance in Virginia Beach?
Insurance can cost an arm and a leg, but you may qualify for discounts that could drop your premiums quite a bit. Some trigger automatically at the time of purchase, but lesser-known reductions have to be manually applied before you get the savings.
- Savings for New Vehicles – Putting insurance coverage on a new XC60 can save up to 30% due to better safety requirements for new vehicles.
- Good Drivers – Drivers who don’t get into accidents could pay up to 40% less than less cautious drivers.
- Distant College Student Discount – College-age children who are attending college and do not take a car to college may qualify for this discount.
- Mature Driver Discount – If you qualify as a senior citizen, you may be able to get a slight reduction on a Virginia Beach auto insurance quote.
- Virginia Beach Homeowners Pay Less – Just owning your own home may trigger a policy discount on insurance because maintaining a house shows financial diligence.
- Defensive Driver Discount – Taking a defensive driving course could earn you a small percentage discount and easily pay for the cost of the class.
- Passive Restraints and Air Bags – Options like air bags can qualify for discounts of 25 to 30%.
- Smart Student Discounts – A discount for being a good student may save as much as 25% on a Virginia Beach auto insurance quote. Many companies even apply the discount to college students until age 25.
- Lower Rates for Military – Having an actively deployed family member may lower your insurance rates slightly.
- Auto/Life Discount – Select insurance companies reward you with a discount if you purchase life insurance from them.
As a footnote on discounts, most credits do not apply to the entire policy premium. A few only apply to individual premiums such as collision or personal injury protection. So even though it sounds like all the discounts add up to a free policy, companies don’t profit that way.
The diagram below shows the comparison of Volvo XC60 insurance costs with and without discounts applied to the premium. The costs are based on a male driver, a clean driving record, no claims, Virginia 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 multi-policy, claim-free, multi-car, safe-driver, marriage, and homeowner discounts applied.
A few of the larger companies and their offered discounts are detailed below.
- State Farm may have discounts that include Drive Safe & Save, multiple policy, good driver, Steer Clear safe driver discount, and defensive driving training.
- Nationwide offers discounts including accident-free, family plan, business or organization, easy pay, and anti-theft.
- GEICO offers premium reductions for multi-vehicle, air bags, five-year accident-free, membership and employees, anti-lock brakes, and emergency military deployment.
- AAA discounts include good driver, pay-in-full, anti-theft, AAA membership discount, and education and occupation.
- 21st Century offers discounts for defensive driver, early bird, teen driver, homeowners, 55 and older, air bags, and automatic seat belts.
- The Hartford may include discounts for air bag, vehicle fuel type, good student, anti-theft, driver training, and bundle.
When getting free Virginia Beach auto insurance quotes, it’s a good idea to all the companies which credits you are entitled to. Depending on the company, some discounts might not be offered everywhere. To choose providers that offer discounts in Virginia Beach, follow this link.
Insurance agents near you
Some consumers prefer to talk to a local agent and that is a smart decision Licensed agents can help you choose the best coverages and help file insurance claims. A good thing about getting online price quotes is the fact that drivers can get cheap car insurance quotes and still buy from a local agent. And buying from small agencies is important particularly in Virginia Beach.
To find an agent, once you fill out this quick form, your insurance coverage information is transmitted to local insurance agents that give free quotes to get your business. It’s much easier because you don’t need to search for an agent due to the fact that quote results will go to you directly. If you have a need to compare prices from a specific car insurance provider, you just need to navigate to their website to submit a rate quote request.
If you want to buy car insurance from a local Virginia Beach insurance agency, it’s helpful to know the different agency structures and how they are slightly different. Agencies in Virginia Beach may be either independent agents or exclusive agents depending on their employer. Either one can provide car insurance policies, but it’s a good idea to understand how they differ because it can factor into the kind of agent you use.
Independent Car Insurance Agencies or Brokers
Independent insurance agents are not employed by one company and that is an advantage because they can write policies with multiple insurance companies and potentially find a lower price. If they find a lower price, an independent agent can move your coverage which requires no work on your part. When searching for an agent, it’s a good idea to compare prices from a couple of independent agencies to maximize your price options. Many independent agencies also insure through small mutual carriers which can be an advantage.
The following is a list of independent insurance agencies in Virginia Beach that may be able to provide free price quotes.
- Nationwide Insurance: The Braun Agency Inc
6062 Indian River Rd Ste 101 – Virginia Beach, VA 23464 – (757) 420-2060 – View Map - Towne Insurance
301 Bendix Rd #300 – Virginia Beach, VA 23452 – (757) 468-6100 – View Map - Nationwide Insurance: Lovas Insurance Agency Inc
244 Mustang Trail #1 – Virginia Beach, VA 23452 – (757) 340-8310 – View Map
Exclusive Insurance Agents
These type of agents write business for a single company like State Farm, AAA, and Liberty Mutual. These agents are not able to place coverage with different providers so they have to upsell other benefits. Exclusive agencies are well trained on their company’s products and that enables them to sell even at higher rates. Consumers frequently buy insurance from these agents primarily because of loyalty to the company rather than having the cheapest rates.
Listed below is a short list of exclusive agencies in Virginia Beach who can help you get rate quotes.
- Jessica Hester – State Farm Insurance Agent
2247 W Great Neck Rd #102 – Virginia Beach, VA 23451 – (757) 481-1840 – View Map - Al Taxter – State Farm Insurance Agent
6070 Indian River Rd #104 – Virginia Beach, VA 23464 – (757) 420-2575 – View Map - Hy Dress – State Farm Insurance Agent
1517 Lynnhaven Pkwy #101 – Virginia Beach, VA 23453 – (757) 427-1987 – View Map
Selecting an insurance agent should depend on more than just the premium amount. Some important questions to ask are:
- Are they in the agency full-time?
- When do they do policy reviews?
- Will you work with the agent or an assistant?
- Will high miles depreciate repair valuations?
- Are all drivers listed on the coverage quote?
Upon getting positive feedback for all questions you ask as well as a affordable price, you may have found an auto insurance agent that meets the requirements to service your policy.
Car insurance savings summarized
Consumers switch companies for a number of reasons such as high prices, policy non-renewal, an unsatisfactory settlement offer or unfair underwriting practices. Regardless of your reason, choosing a new company is pretty easy and you might even save some money in the process.
When getting Virginia Beach auto insurance quotes online, never buy less coverage just to save a little money. There are many occasions where drivers have reduced liability limits or collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. The aim is to purchase plenty of coverage at the best cost but still have enough coverage for asset protection.
We covered a lot of techniques to find affordable Volvo XC60 insurance in Virginia Beach. The key thing to remember is the more you quote Virginia Beach auto insurance, the better your chances of lowering your rates. You may even be surprised to find that the lowest priced car insurance comes from a company that doesn’t do a lot of advertising.
Additional information can be found below:
- Side Impact Crash Tests (iihs.org)
- Who Has Affordable Auto Insurance Rates for Teenagers in Virginia Beach? (FAQ)
- Who Has the Cheapest Virginia Beach Auto Insurance for Drivers Over Age 70? (FAQ)
- How Much is Auto Insurance for a School Permit in Virginia Beach? (FAQ)
- Who Has Affordable Auto Insurance for Teenage Males in Virginia Beach? (FAQ)
- Auto Insurance Basics (Insurance Information Institute)
- Child Safety Seats (Insurance Information Institute)