Cheap Quotes for Volvo S80 Insurance in Virginia Beach

Smart shoppers know that auto insurance companies don’t want you quoting rates from other companies. Drivers who shop for lower rates will, in all likelihood, buy a different policy because they have a good chance of finding more affordable rates. A recent car insurance study revealed that drivers who regularly compared rates saved an average of $850 each year compared to drivers who never shopped around for better prices.

If finding the lowest rates on Volvo S80 insurance is your goal, understanding the best way to compare coverages can save time and money.

The recommended way to find low-cost prices for Volvo S80 insurance in Virginia Beach is to begin comparing prices regularly from insurance carriers who sell auto insurance in Virginia.

1. Get an understanding of how your policy works and the things you can change to prevent expensive coverage. Many things that increase rates such as inattentive driving and a lousy credit rating can be eliminated by making lifestyle changes or driving safer.
2. Compare prices from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can give quotes from one company like GEICO and Allstate, while agents who are independent can provide price quotes for many different companies.
3. Compare the new rates to the premium of your current policy to see if a cheaper price is available. If you find a lower rate quote, make sure there is no lapse between the expiration of your current policy and the new one.

One bit of advice is to use similar limits and deductibles on every quote request and and to get rates from every company you can. This ensures a fair rate comparison and the most accurate and complete price analysis.

Cheap auto insurance in Virginia Beach, VA

The auto insurance companies shown below provide comparison quotes in Virginia. If multiple companies are listed, we suggest you click on several of them to get the most affordable price.

Facts and figures for Volvo S80 insurance

The premium information shown below covers estimates of insurance costs for Volvo S80 models. Understanding more about how insurance policy premiums are calculated can help you make informed decisions when shopping around for a new policy.

Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Rate quotes do not factor in the specific area where the vehicle is garaged which can revise premiums significantly.

Analysis of deductible levels

When comparing car insurance rates, the most common question is how high should the physical damage deductibles be. The following tables may aid in understanding the premium difference when you buy lower versus higher deductibles. The first set of rates uses a $100 deductible and the second data table uses a $500 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rate quotes do not factor in vehicle garaging location which can change coverage rates significantly.

Using the premium rates above, we can conclude that using a $100 deductible costs approximately $24 more each month or $288 every year than quoting the higher $500 deductible. Because you would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you go more than 17 months between claims, you would probably come out ahead if you choose the higher deductible. The illustration below shows the way you can do this calculation yourself.

One thing to note is that raising deductibles to get cheaper rates results in having to pay to pay more out-of-pocket when you have to file a claim. You will want to have enough disposable income in order to pay more for the deductible.

Annual premiums comparing men and women

The illustration below shows the comparison of Volvo S80 car insurance costs for male and female drivers. Data assumes no accidents, no driving violations, comprehensive and collision coverage, $100 deductibles, single status, and no additional discounts are factored in.

Difference between liability only and full coverage rates

The diagram below illustrates the comparison of Volvo S80 premium costs with full physical damage coverage compared to only buying liability only. The rates are based on no claims or driving citations, $1,000 deductibles, single status, and no policy discounts are applied.

Should you be buying full coverage?

There is no clear-cut rule of when to drop full coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let’s pretend your Volvo S80 replacement value is $9,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $8,000 after the deductible is paid. If you are currently paying more than $800 a year for full coverage, then it’s probably a good time to buy liability coverage only.

There are some cases where dropping full coverage is not a good plan. If you still have a loan on your vehicle, you have to carry full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage.

Volvo S80 insurance discounts in Virginia Beach

Car insurance is not inexpensive, but you might be missing out on some discounts that can drop the cost substantially. Certain credits will be shown when you get a quote, but some discounts are required to be asked about before you will receive the discount. If they aren’t giving you every credit possible, you may be paying too high a price.

• ABS Brakes – Cars that have anti-lock braking systems can stop better under adverse conditions and qualify for as much as a 10% discount.
• Resident Student – Youth drivers who attend college more than 100 miles from Virginia Beach and don’t have a car could get you a discount.
• Air Bag Discount – Vehicles equipped with air bags or automatic seat belts could see savings of 20 to 30 percent.
• Accident Forgiveness Coverage – This isn’t a discount exactly, but companies like Allstate, Progressive, and GEICO will let one accident slide without getting socked with a rate hike if you have no claims before the accident.
• Theft Deterrent System – Cars equipped with anti-theft or alarm systems prevent vehicle theft and earn discounts up to 10% off your Virginia Beach car insurance quote.
• Switch and Save Discount – A few companies allow discounts for switching companies prior to your current S80 insurance policy expiring. It’s a savings of about 10%.
• Seat Belt Discounts – Using a seat belt and requiring all passengers to use their safety belts can save a little on the premium charged for medical payments and/or PIP.
• Low Miles Discount – Maintaining low annual mileage may enable drivers to earn lower car insurance rates on the low mileage vehicles.

One thing to note about discounts is that most discount credits are not given to the entire policy premium. Most cut the cost of specific coverages such as comprehensive or collision. So even though they make it sound like all the discounts add up to a free policy, that’s just not realistic.

The diagram below illustrates the comparison of Volvo S80 insurance rates with and without discounts applied to the policy rates. The premium estimates are based on a male driver, no accidents, no driving violations, 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, marriage, safe-driver, multi-car, claim-free, and homeowner discounts applied.

A partial list of companies that may offer quotes with these benefits are:

• GEICO
• SAFECO
• State Farm
• MetLife
• 21st Century
• Progressive

Before purchasing a policy, check with every company to apply every possible discount. Some of the discounts discussed earlier may not apply to policies in your area. For a list of providers who offer online Volvo S80 insurance quotes in Virginia, follow this link.

Compare rates but buy from a neighborhood Virginia Beach auto insurance agent

Many people prefer to buy from a licensed agent and there is nothing wrong with that. Professional agents are very good at helping people manage risk and help in the event of a claim. A nice benefit of price shopping on the web is that you can obtain cheap rate quotes but also keep your business local.

Upon completion of this short form, your insurance coverage information is sent to insurance agents in Virginia Beach who will give you quotes and help you find cheaper coverage. There is no need to contact an agency because prices are sent directly to you. If you wish to compare prices from a specific insurance company, don’t hesitate to go to their quote page and give them your coverage information.

Finding a good company should depend on more than just a cheap quote. Agents should be asked these questions:

• Are there any discounts that you might be missing?
• Is there any savings for paying the full premium?
• Is there a Errors and Omissions policy in force?
• Are they paid to recommend certain coverages?
• Will a damage claim use OEM or aftermarket replacement parts?
• Is the agent CPCU or CIC certified?
• Will they take your side in the event of a claim?
• Do they feel the quoted coverages are adequate?

If you want to use a good insurance agency, it’s important to understand the different types of agencies from which to choose. Auto insurance agents are either independent agents or exclusive agents. Both types of agents can write auto insurance policies, but it is a good idea to know how they are different since it can impact the kind of agent you use.

Exclusive Auto Insurance Agents

Exclusive insurance agents can only provide pricing for a single company and some examples include Allstate, Farmers Insurance, State Farm, and AAA. These agents are not able to shop your coverage around so always compare other rates. Exclusive agents receive extensive training on the products they sell which can be an advantage.

Listed below are Virginia Beach exclusive agencies who can help you get price quotes.

View more Virginia Beach agents

Independent Agencies or Brokers

These type of agents are not required to write business for one company so they can write business with multiple insurance companies enabling the ability to shop coverage around. If your agent finds better pricing, an independent agent can move your coverage which is easy for the insured.

When comparing rate quotes, it’s a good idea to get rate quotes from at least one independent agent so that you have a good selection of quotes to compare.

Shown below is a short list of independent agents in Virginia Beach who can help you get comparison quotes.

View more Virginia Beach agents

In Summary

As you shop your coverage around, do not reduce coverage to reduce premium. In many instances, drivers have reduced comprehensive coverage or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to purchase plenty of coverage for the lowest price while not skimping on critical coverages.

Lower-priced auto insurance in Virginia Beach is definitely available both online and also from your neighborhood Virginia Beach agents, and you need to price shop both so you have a total pricing picture. There are still a few companies who may not have rate quotes online and most of the time these smaller providers only sell coverage through local independent agents.

In this article, we covered a lot of information how to compare Volvo S80 insurance prices in Virginia Beach. The key thing to remember is the more rate comparisons you have, the better likelihood of getting inexpensive Virginia Beach car insurance quotes. You may even discover the biggest savings come from some of the smallest insurance companies. Regional companies often have lower rates on specific markets as compared to the big name companies such as State Farm and Allstate.

Other information

• Collision Coverage (Liberty Mutual)
• Who Has the Cheapest Virginia Beach Auto Insurance for Veterans? (FAQ)
• Who Has Cheap Car Insurance for College Graduates in Virginia Beach? (FAQ)
• Who Has Affordable Auto Insurance Quotes for Police Officers in Virginia Beach? (FAQ)
• Who Has Cheap Car Insurance Quotes for a Dodge Ram in Virginia Beach? (FAQ)
• What Car Insurance is Cheapest for High Risk Drivers in Virginia Beach? (FAQ)
• Auto Insurance Basics (Insurance Information Institute)
• If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
• Choosing a Car for Your Teen (State Farm)
• Child Safety Seats (Insurance Information Institute)