Save Money on Volvo XC60 Insurance in Virginia Beach

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.

Insurance quote for Volvo XC60 in Virginia BeachIf 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.

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.

Volvo XC60 Insurance Rates in Virginia Beach, VA
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
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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.

Volvo XC60 insurance with $250 deductibles
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
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Volvo XC60 insurance with $500 deductibles
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
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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.

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.Discount insurance

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.

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.

Insurance agency in Virginia BeachTo 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.

More insurance agents

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.

More insurance agents

Selecting an insurance agent should depend on more than just the premium amount. Some important questions to ask are:

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: