Cheapest Insurance for a Volvo XC60 in Dallas

It’s an obvious statement that car insurance companies don’t want policyholders to shop around. Consumers who get comparison quotes once a year will presumably buy a different policy because there is a significant possibility of finding a more affordable policy. A survey found that consumers who made a habit of comparing rate quotes saved approximately $850 each year as compared to drivers who never compared other company’s rates.

If finding the best price on Volvo XC60 insurance is your ultimate target, knowing how to shop and compare auto insurance can help make the process easier.

If you want to find the absolute lowest rates, then the best way to find more affordable Volvo XC60 insurance in Dallas is to annually compare prices from companies who can sell car insurance in Texas.

1. Spend a few minutes and learn about how insurance works and the steps you can take to keep rates low. Many things that increase rates such as speeding and an imperfect credit score can be eliminated by making minor changes to your lifestyle.
2. Compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from one company like Progressive or State Farm, while independent agencies can provide rate quotes from many different companies.
3. Compare the price quotes to your existing coverage and determine if cheaper XC60 coverage is available in Dallas. If you find a lower rate quote, make sure there is no coverage gap between policies.
4. Provide notification to your current agent or company of your intent to cancel your existing policy. Submit a down payment along with a completed application for your new policy. Immediately upon receiving it, put the new certificate verifying proof of insurance along with the vehicle’s registration papers.

An important bit of advice to remember is to try to use the same coverage limits and deductibles on every quote request and and to compare every insurance company. Doing this provides a level playing field and and a good selection of different prices.

Where can I get low cost Dallas Volvo XC60 insurance?

To find inexpensive Dallas car insurance quotes, there are several ways to compare rate quotes from companies that offer auto insurance in Texas. The best method to find competitive Volvo XC60 insurance rates is to jump online and get quotes.

It’s so fast and easy to compare price quotes online that it makes it a waste of time to go to all the different Dallas insurance agencies. Buying insurance online eliminates the need for an insurance agent unless you require the extra assistance that you can only get from talking to an agent. However, consumers can compare online quotes and get advice from an agent in your area. When quoting auto insurance, remember that quoting more gives you a better chance of getting more affordable rates. Some insurance companies are not set up to provide online Dallas XC60 insurance quotes, so it’s important to compare rates from those companies as well.

The following companies provide price comparisons in Texas. If multiple companies are listed, we recommend you visit two to three different companies to get a more complete price comparison.

Rates and statistics

The premium information displayed next showcases detailed analysis of prices for Volvo XC60 models. Being aware of how policy premiums are determined can be of help when making decisions on the best policy coverages.

Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Table data does not factor in vehicle location which can raise or lower coverage prices greatly.

Raise deductibles and save

One of the hardest decisions when shopping for insurance is which deductible level should you buy. The following tables can help you understand the rate difference between low and high coverage deductibles. The first rate comparisons uses a $250 physical damage coverage deductible and the second pricing table uses a $1,000 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Price information does not factor in your specific Dallas location which can increase or decrease prices greatly.

Based on the figures above, using a $250 deductible could cost the average driver approximately $30 more each month or $360 every year than selecting the higher $1,000 deductible. Because you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have at least 25 months between claims, you would more than likely save some money if you choose a higher deductible. Here is how this decision is made.

One important issue to know is that a higher deductible level means you will have to pay more out-of-pocket when you do file a claim. It will be required that you have some funds available in the event you have to pay more to get your vehicle repaired.

Bad driving habits will cost you more

The chart below illustrates how speeding tickets and accident claims can drive up Volvo XC60 insurance rates for different age groups. The premiums are based on a married female driver, full coverage, $250 deductibles, and no discounts are applied to the premium.

Why you need insurance

Despite the high insurance cost for a Volvo XC60 in Dallas, maintaining insurance may be required for several reasons.

• Almost all states have minimum liability requirements which means the state requires a specific level of liability insurance coverage if you want to drive legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If your vehicle has a loan, it’s guaranteed your bank will make it a condition of the loan that you have full coverage to guarantee loan repayment. If you default on your policy, the lender may insure your Volvo at a more expensive rate and require you to pay for the much more expensive policy.
• Insurance safeguards not only your Volvo but also your financial assets. Insurance will also pay for medical expenses incurred in an accident. 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, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.

The benefits of carrying adequate insurance are without a doubt worth the cost, particularly when you have a large claim. But the average driver in Texas is overpaying over $810 a year so you should quote your policy with other companies each time the policy renews to ensure rates are inline.

The Volvo XC60 Insurance Premium Equation

Many things are considered when pricing auto insurance. Some of the criteria are obvious like a motor vehicle report, but others are less obvious like where you live or your financial responsibility.

• Raising coverage deductibles lowers costs – Insurance for physical damage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your Volvo. Some examples of claims that would be covered are a dented fender, hail damage, or theft. Physical damage deductibles define the amount you are willing to pay out-of-pocket if a covered claim is submitted. The more money you have to pay, the less money you will pay for insurance.
• Optional features impact prices – Buying a car with a theft deterrent system can help lower your premiums. Theft prevention features like GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart auto theft.
• Use one insurance company and save – Lots of insurance companies give lower prices for people who carry more than one policy, otherwise known as a multi-policy discount. Even if you qualify for this discount already, consumers should still compare other Dallas XC60 insurance rates to ensure the best deal. Consumers may save even more than the discount by buying insurance from more than one company.

• Insurance rates and driver gender – Statistics demonstrate females are less aggressive when driving. However, don’t assume that females are better at driving than males. Men and women cause accidents in similar percentages, but guys tend to have higher claims. In addition to higher claims, males also receive more major tickets such as DWI and reckless driving.

  The diagram below illustrates the comparison of Volvo XC60 insurance prices for male and female drivers. The information is based on a clean driving record, no claims, full coverage, $1,000 deductibles, drivers are not married, and no discounts are factored in.

• Single vs. married – Walking down the aisle may cut your premiums on insurance. Having a spouse demonstrates that you tend to be more mature than a single person and statistics show drivers who are married are more cautious.

• Performance impacts rates – The type of car you drive makes a substantial difference in your premium level. The cheapest insurance rates are usually for lower cost passenger cars, but other factors influence the final cost greatly.

  The data below assumes a married male driver age 20, full coverage with $250 deductibles, and no discounts or violations. It compares Volvo XC60 policy rates compared to other models that have different performances.

• High stress occupation may mean higher prices – Did you know your job can affect your rates? Careers like doctors, police officers, and accountants are shown to have higher rates than average attributed to high stress and long work days. Other careers like actors, historians and retirees have the lowest average rates.

• Insurance is expensive for youthful drivers – Older insureds have been proven to be more responsible, statistically cause fewer accidents, and are generally more financially stable. Beginning drivers tend to be easily distracted when driving so they pay higher insurance rates.

  The chart below uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.

• Volvo XC60 insurance loss probability – Companies take into consideration insurance loss statistics for every vehicle as a way to help calculate a profitable premium rate. Models that the data determines to have increased losses will have a higher premium rate. The information below illustrates the historical insurance loss data for Volvo XC60 vehicles.

  For each policy coverage, the claim amount for all vehicles, regardless of make, model or trim level, is a value of 100. Numbers below 100 suggest a better than average loss history, while values that are 100 or greater show a trend for more claims or statistically larger claims.

  
  

  Volvo XC60 Insurance Claim Statistics

  Make and 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

  BETTER

  AVERAGE

  WORSE

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

In conclusion

When shopping online for auto insurance, make sure you don’t sacrifice coverage to reduce premiums. There have been many situations where an accident victim reduced uninsured motorist or liability limits and learned later that it was a big mistake. The aim is to buy enough coverage at the best price while not skimping on critical coverages.

Discount Volvo XC60 insurance in Dallas can be purchased both online and from local insurance agents, so get free Dallas car insurance quotes from both of them to get a complete price analysis. There are still a few companies who may not offer internet price quotes and usually these regional carriers only sell coverage through independent insurance agents.

For more information, take a look at the articles below:

• Vehicle Insurance (Wikipedia)
• How Much are Auto Insurance Quotes for a Nissan Sentra in Dallas? (FAQ)
• Auto Insurance FAQ (Farmers Insurance)
• Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)