Best Ways to Save on New Orleans Volvo XC70 Insurance

Insurance quote for Volvo XC70 in New OrleansTrying to find low-cost insurance for a Volvo XC70 in Louisiana can normally be difficult, but you can use the following methods to find lower rates.

There is a better way to find car insurance online and you need to know the quickest way to compare rates on a Volvo and obtain the cheapest rates from New Orleans insurance agents and online providers.

Insurance coverage details

The table displayed next outlines detailed analysis of insurance premium costs for Volvo XC70 models. Being able to understand how insurance premiums are figured can aid in making smart choices when buying a car insurance policy.

Volvo XC70 Insurance Rates in New Orleans, LA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $502 $850 $524 $32 $158 $2,066 $172
XC70 T6 AWD 4-Dr $502 $980 $524 $32 $158 $2,196 $183
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Louisiana minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Rate quotes do not factor in specific New Orleans garaging location which can change premiums significantly.

Physical damage deductible comparison

One frequently asked question is how high should your deductibles be. The rates shown below show the differences in premium rates when you buy lower versus higher policy deductibles. The first rate comparisons uses a $100 deductible for comprehensive and collision coverage and the second price table uses a $500 deductible.

Volvo XC70 insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $502 $850 $524 $32 $158 $2,091 $174
XC70 T6 AWD 4-Dr $502 $980 $524 $32 $158 $2,221 $185
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Volvo XC70 insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $366 $574 $524 $32 $158 $1,654 $138
XC70 T6 AWD 4-Dr $366 $662 $524 $32 $158 $1,742 $145
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Table data does not factor in vehicle garaging location which can revise rates considerably.

Based on the figures above, using a $100 deductible costs roughly $38 more each month or $456 annually than quoting the higher $500 deductible. Because you would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you go at a minimum 11 months between claim filings, you would probably save some money if you choose a higher deductible.

How to determine if higher deductibles are a good idea

Average monthly premium for $100 deductibles: $180
Average monthly premium for $500 deductibles (subtract): – $142
Monthly savings from raising deductible: $38
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $38
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 11 months

The chart below illustrates how your choice of deductibles and can increase or decrease Volvo XC70 insurance rates for each different age category. The data assumes a married male driver, full physical damage coverage, and no additional discounts are factored in.

What Determines Volvo XC70 Insurance Rates?

Consumers need to have an understanding of some of the things that come into play when calculating your car insurance rates. When you understand what influences your rates, this allows you to make educated decisions that could result in lower premium levels.

What are your physical damage deductibles? – Physical damage protection, also known as collision and other-than-collision, insures against damage to your Volvo. Some examples of covered claims are a windshield shattered by a rock, hail damage, and damage caused by flying debris. The deductibles represent how much money you are willing to pay before your car insurance pays a claim. The more you choose to pay out-of-pocket, the less your company will charge you for insurance.

High credit score translates to low premiums – Having a bad credit score factor in determining what you pay. Therefore, if your credit rating can be improved, you could pay less to insure your Volvo XC70 by spending a little time repairing your credit. Drivers who have excellent credit scores tend to be more responsible than drivers with lower ratings.

Avoid tickets and save – Your driving citation history has a lot to do with how much you pay for insurance. Attentive drivers pay lower auto insurance prices than bad drivers. Just one ticket can boost insurance rates by twenty percent. Drivers with careless citations such as DWI, reckless driving or hit and run convictions are required to file a proof of financial responsibility form (SR-22) with their state DMV in order to prevent a license revocation.

The information below demonstrates how traffic citations and at-fault collisions can influence Volvo XC70 insurance costs for each age group. The data assumes a single female driver, full physical damage coverage, $250 deductibles, and no discounts are factored in.

Your career may increase prices – Occupations like doctors, airline pilots, and financial analysts tend to pay higher average rates attributed to intense work-related stress and lots of time spent away from family. On the other hand, professions such as actors, athletes and homemakers have the lowest average rates.

Performance makes a difference – The make and model of the vehicle you need insurance for makes a significant difference in your car insurance bill. The cheapest insurance rates will generally be found on the lowest performance passenger vehicles, but the cost you end up paying is determined by many additional factors.

The following chart uses these assumptions: single male driver age 40, full coverage with $500 deductibles, and no discounts or violations. The chart compares Volvo XC70 rates compared to other models that have different performances.

A car insurance policy lapse is a bad thing – Having an insurance coverage lapse can be a fast way to increase your renewal premiums. And not only will your rates increase, getting caught without coverage may earn you a fine, jail time, or a revoked license.

Minor frequent insurance claims are not good – If you file claims often, you can pretty much guarantee either higher rates or even cancellation. Car insurance companies in Louisiana provide the best rates to insureds who only file infrequent claims. Auto insurance is intended for the bigger claims that can’t be paid out-of-pocket.

Loss probability for a Volvo XC70 – Insurance companies analyze past claim statistics when determining insurance costs. Vehicles that the data shows to have increased losses will have higher rates. The table below illustrates the compiled insurance loss statistics for Volvo XC70 vehicles.

For each coverage category, the claim probability for all vehicles, as a total average, is considered to be 100. Numbers below 100 indicate better than average losses, while numbers shown that are more than 100 point to more frequent losses or larger claims.

Volvo XC70 Insurance Loss Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Volvo XC70 Station Wagon 2WD 69
Volvo XC70 Station Wagon 4WD 79 70 94 45

Empty fields indicate not enough data collected
Statistics from for 2013-2015 Model Years

Don’t give up on cheap rates

In this article, we presented quite a bit of information on how to compare Volvo XC70 insurance car insurance rates in New Orleans. The key thing to remember is the more times you quote, the better chance you’ll have of finding affordable New Orleans car insurance quotes. Consumers could even find that the lowest car insurance rates come from a small local company.

Drivers switch companies for a number of reasons such as denial of a claim, not issuing a premium refund, being labeled a high risk driver and even delays in paying claims. Whatever your reason, finding the right auto insurance provider can be pretty painless.

When buying insurance coverage, don’t be tempted to reduce coverage to reduce premium. There have been many situations where someone sacrificed full coverage only to regret at claim time that they should have had better coverage. Your goal is to purchase a proper amount of coverage at the best price and still be able to protect your assets.

Steps to buying affordable Volvo XC70 insurance in New Orleans

The recommended way to find discount Volvo XC70 insurance is to start comparing prices regularly from providers who sell auto insurance in New Orleans.

  1. Try to learn a little about how your policy works and the things you can change to prevent rate increases. Many rating criteria that cause high rates like at-fault accidents, speeding tickets, and an unacceptable credit rating can be controlled by making small lifestyle or driving habit changes.
  2. Obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can provide rates from a single company like GEICO or Farmers Insurance, while independent agents can quote rates for a wide range of insurance providers. Begin your rate comparison
  3. Compare the new quotes to your existing coverage and see if you can save money. If you can save some money and decide to switch, ensure coverage does not lapse between policies.
  4. Notify your agent or company of your intention to cancel your current coverage. Submit payment and a signed application for the new coverage. Once the application is submitted, store the certificate verifying proof of insurance in your vehicle.

The critical component of shopping around is to use similar deductibles and liability limits on each price quote and and to get rate quotes from as many auto insurance providers as possible. Doing this guarantees a fair price comparison and the best price quote selection.

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