Anyone knows that car insurance companies don’t want you to look for a cheaper policy. People who rate shop once a year will most likely switch to a new company because there is a good chance of finding a lower rate. A study discovered that consumers who regularly compared price quotes saved on average $865 a year compared to policyholders who didn’t regularly shop around.
If finding discount rates on car insurance in New Orleans is your ultimate goal, then understanding the best way to shop and compare insurance can help simplify the task of finding more affordable coverage.
The recommended way to get the cheapest Volvo XC60 insurance is to compare quotes annually from insurers who sell auto insurance in New Orleans.
- Read and learn about the coverage provided by your policy and the things you can control to lower rates. Many things that cause rate increases such as high-risk driving behaviors and a less-than-favorable credit score can be eliminated by making minor changes in your lifestyle. Continue reading for more details to prevent expensive rate increases and find additional discounts you may qualify for.
- Request price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive and State Farm, while independent agencies can provide rate quotes for many different companies.
- Compare the new rate quotes to your existing policy and determine if there is any savings. If you find a better price, ensure there is no coverage lapse between policies.
- Provide written notification to your current company of your intention to cancel your existing policy. Submit a completed application and payment to your new insurance company. As soon as you have the new policy, put the new certificate of insurance in an easily accessible location in your vehicle.
One tip to remember is to make sure you’re comparing the same level of coverage on every quote and and to get price estimates from as many companies as feasibly possible. Doing this guarantees the most accurate price comparison and maximum price selection.
If you’re already insured or want to find a cheaper company, use these money-saving tips to lower your rates while maximizing coverage. The purpose of this article is to let you in on the most effective way to quote insurance and some money-saving tips. Shoppers just have to know the proper methods to shop their coverage around online.
What Determines Volvo XC60 Insurance Costs?
The best way to find cheaper insurance is to take a look at some of the factors that aid in calculating your premiums. When you understand what influences your rates, this helps enable you to make changes that can earn you better insurance rates.
The itemized list below are a partial list of the pieces companies use to determine prices.
- Fewer miles means better rates – The more you drive your Volvo each year the higher your rate. Most insurance companies charge rates based on how the vehicle is used. Vehicles that are left in the garage receive better premium rates as compared to vehicles used primarily for driving to work. Incorrect rating for your XC60 is throwing money out the window. It’s a good idea to make sure your insurance policy correctly shows the correct usage for each vehicle.
- Liability protection is peace of mind – Your insurance policy’s liability coverage will protect you in the event that a jury decides you are liable for damages from an accident. Your liability coverage provides legal defense to attempt to prove you were not liable. Liability insurance is pretty cheap when compared with rates for comp and collision, so do not skimp.
-
More performance means more cost – The type of vehicle you drive makes a huge difference in your premium level. Low performance passenger cars usually are quite affordable to insure, but the final cost of insurance is determined by many other factors.
The chart below uses these assumptions: single male driver age 30, full coverage with $100 deductibles, and no discounts or violations. It compares Volvo XC60 insurance rates compared to other models that have different risk factors.
- Where you reside is a factor – Living in areas with lower population can save you money when shopping for auto insurance. Fewer drivers means a lower chance of having an accident as well as less vandalism and auto theft. Residents of big cities have congested traffic and more time behind the wheel. The longer drive time means more chances of being involved in an auto accident.
-
Volvo XC60 historical loss data – Insurance companies analyze claim trends for every vehicle to help determine the price you pay. Models that historically have higher losses will be charged more to insure. The table below demonstrates the historical insurance loss data for Volvo XC60 vehicles.
For each insurance policy coverage type, the loss probability for all vehicles, regardless of manufacturer or model, equals 100. Values that are below 100 indicate better than average losses, while numbers that are greater than 100 indicate a higher chance of having a claim or an increased chance of larger losses than average.
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 BETTERAVERAGEWORSEStatistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
The following companies are ready to provide price quotes in Louisiana. If multiple companies are listed, we recommend you visit two to three different companies to find the lowest car insurance rates.
Coverage statistics and figures
The information displayed next covers detailed analysis of insurance prices for Volvo XC60 models. Being more informed about how insurance policy premiums are calculated can help drivers make informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC60 3.2 2WD | $344 | $708 | $446 | $26 | $134 | $1,658 | $138 |
| XC60 3.2 AWD | $388 | $708 | $446 | $26 | $134 | $1,702 | $142 |
| XC60 T6 AWD AWD | $388 | $834 | $446 | $26 | $134 | $1,828 | $152 |
| XC60 T6-R AWD AWD | $432 | $834 | $446 | $26 | $134 | $1,872 | $156 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Premium amounts do not factor in specific location which can raise or lower insurance rates greatly.
An analysis of deductible level
When buying car insurance, a common question is the level to set your comp and collision deductibles. The following tables can help you visualize the rate difference when you buy lower versus higher insurance deductibles. The first price estimate table uses a $100 physical damage coverage deductible and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC60 3.2 2WD | $400 | $722 | $394 | $24 | $118 | $1,683 | $140 |
| XC60 3.2 AWD | $452 | $722 | $394 | $24 | $118 | $1,735 | $145 |
| XC60 T6 AWD AWD | $452 | $850 | $394 | $24 | $118 | $1,863 | $155 |
| XC60 T6-R AWD AWD | $502 | $850 | $394 | $24 | $118 | $1,913 | $159 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC60 3.2 2WD | $292 | $488 | $394 | $24 | $118 | $1,316 | $110 |
| XC60 3.2 AWD | $330 | $488 | $394 | $24 | $118 | $1,354 | $113 |
| XC60 T6 AWD AWD | $330 | $574 | $394 | $24 | $118 | $1,440 | $120 |
| XC60 T6-R AWD AWD | $366 | $574 | $394 | $24 | $118 | $1,476 | $123 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Table data does not factor in specific zip code location which can impact premiums considerably.
Based on the data above, we can derive that using a $100 deductible costs approximately $33 more each month or $396 annually across all Volvo XC60 models than requesting the higher $500 deductible. Because you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you usually have more than 12 months between claim filings, you would probably come out ahead by selecting a higher deductible.
Careless driving habits raise New Orleans car insurance rates
The chart below illustrates how violations and at-fault collisions can raise Volvo XC60 insurance costs for different age groups of insureds. The rates are based on a married female driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.
Should you buy full coverage?
The example below compares Volvo XC60 insurance prices when comparing full coverage to state minimum liability only. The data assumes no claims or driving citations, $1,000 deductibles, single status, and no discounts are applied.
Should you pay for full coverage?
There is no set rule of when to eliminate physical damage insurance, but there is a general guideline you can use. If the yearly cost of full coverage is about 10% or more of the replacement cost minus the deductible, then it may be the right time to buy liability only.
For example, let’s assume your Volvo XC60 book value is $9,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company would pay you is $8,000 after paying the physical damage deductible. If you are paying more than $800 annually for your policy with full coverage, then it’s probably a good time to buy liability coverage only.
There are some conditions where removing full coverage is not in your best interest. If you still have a lienholder on your title, you have to maintain full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should keep full coverage in place.
Auto insurance just makes sense
Even though New Orleans XC60 insurance rates can get expensive, buying auto insurance may be required for several reasons.
- Most states have mandatory liability insurance requirements which means you are required to carry a minimum amount of liability insurance in order to drive the car legally. In Louisiana these limits are 15/30/25 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your Volvo XC60, it’s most likely the lender will require that you carry insurance to guarantee loan repayment. If you let the policy lapse, the lender will be forced to insure your Volvo at a more expensive rate and force you to pay the higher price.
- Insurance protects both your Volvo and your personal assets. It will also provide coverage for most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability coverage also covers legal expenses in the event you are sued. If you have damage to your Volvo as the result of the weather or an accident, your auto insurance policy will pay to repair the damage.
The benefits of buying auto insurance more than cancel out the cost, specifically if you ever have a liability claim. According to a recent study, the average American driver is overpaying over $700 annually so you should quote rates at every policy renewal to save money.
Affordable rates on Volvo XC60 insurance in New Orleans with these auto insurance discounts
Auto insurance companies don’t always advertise every discount they offer in a way that’s easy to find, so below is a list some of the best known as well as some of the hidden auto insurance savings.
- Driver Training Discounts – Taking a safe driver course could save 5% or more and also improve your driving technique.
- One Accident Forgiven – This one isn’t a discount, but companies like State Farm and GEICO will forgive one accident before your rates go up if you have no claims for a specific time period.
- New Vehicle Savings – Buying a new car instead of a used XC60 can get you a discount because new model year vehicles keep occupants safer.
- Membership in Organizations – Being a member of qualifying clubs or civic groups could qualify you for a break on your next auto insurance statement.
- Government Employee Discount – Employees or retirees of the government could qualify for a slight premium decrease depending on your auto insurance provider.
- Multi-car Discount – Having all your vehicles with one company can reduce the rates for all insured vehicles.
Consumers should know that most credits do not apply to all coverage premiums. Most only apply to specific coverage prices like physical damage coverage or medical payments. If you do the math and it seems like all the discounts add up to a free policy, it just doesn’t work that way.
The information below compares Volvo XC60 insurance prices with and without discounts being applied to the rates. The rates are based on a male driver, a clean driving record, no at-fault accidents, Louisiana state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, safe-driver, marriage, multi-car, and homeowner discounts applied.
If you would like to view insurers with significant discounts in New Orleans, click here.
Auto insurance agents can give valuable advice
Some consumers just prefer to go talk to an agent. Experienced insurance agents can answer important questions and will help you if you have claims. One of the benefits of comparing rates online is that drivers can save money and get cheap rate quotes but also keep your business local.
Once you complete this short form, your insurance coverage information is instantly submitted to agents in your area who can give free rate quotes and help you find cheaper coverage. It makes it easy because there is no need to search for an agent due to the fact that quote results will go straight to your inbox. If you want to get a comparison quote from a specific car insurance provider, feel free to visit that company’s website and submit a quote form there.
Choosing an insurer requires you to look at more than just the premium amount. These are some questions your agent should answer.
- Is the quote a firm price?
- Does the company have a solid financial rating?
- Is vehicle damage repaired with OEM or aftermarket parts?
- Does the agency support the community they serve?
- Are there any discounts for paying up front?
If you need to find a local agent, you need to know there are two types of insurance agents and how they are slightly different. Car insurance agents are considered either independent (non-exclusive) or exclusive. Both can write policy coverage, but it is important to understand the difference in the companies they write for since it may influence which type of agent you select.
Exclusive Insurance Agents
These type of agents write business for a single company and some examples include State Farm, Allstate, and Farm Bureau. Exclusive agencies are unable to provide other company’s prices so it’s a take it or leave it situation. Exclusive agencies are very knowledgeable on their company’s products which helps them sell insurance even at higher premiums. Drivers often buy from the same agent for years primarily because of the brand name rather than low price.
The following is a short list of exclusive agencies in New Orleans that are able to give comparison quotes.
- State Farm: Luke Delouise
6262 Pontchartrain Blvd – New Orleans, LA 70124 – (504) 486-7525 – View Map - State Farm: Chris Nolan
Place St. Charles, 201 St Charles Ave #224 – New Orleans, LA 70170 – (504) 522-9560 – View Map - Allstate Insurance: Daniel Rahman
701 Dante St c – New Orleans, LA 70118 – (504) 861-2700 – View Map
Independent Insurance Agents
Agents of this type do not write with just one company so they can quote policies through many companies and find you cheaper rates. If premiums increase, your agent can just switch to a different company which makes it simple for you. When searching for an agent, you should always get some free quotes from a few independent agents to have the most options to choose from. Many can place coverage with smaller companies which may provide better rates.
Below is a list of independent agencies in New Orleans willing to provide rate quotes.
- Southern Insurance Agency, LLC
725 Magazine St E – New Orleans, LA 70130 – (504) 528-9242 – View Map - Hartwig Moss Insurance Agency
2626 Canal St #3 – New Orleans, LA 70119 – (504) 525-9901 – View Map - Pappalardo Agency, Inc.
145 Robert E Lee Blvd #202 – New Orleans, LA 70124 – (504) 486-7441 – View Map
After you get good responses to all your questions as well as an affordable premium quote, it’s possible that you found an auto insurance agent that can adequately provide car insurance.
Which car insurance company is best in New Orleans?
Choosing the best insurance provider can be difficult considering how many different companies sell coverage in Louisiana. The ranking data below could help you analyze which auto insurance companies to look at when comparing rate quotes.
Top 10 New Orleans Car Insurance Companies Ranked by Customer Service
- USAA
- Travelers
- Mercury Insurance
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
Top 10 New Orleans Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
Which is the best auto insurance?
When quoting and choosing your policy for your vehicles, there is no best way to insure your cars. Everyone’s situation is unique so your insurance should reflect that
For example, these questions could help you determine whether you might need professional guidance.
- Is my dog or cat covered if injured in an accident?
- When do I need to add a new car to my policy?
- Why do I need rental car insurance?
- Is my ex-spouse still covered by my policy?
- Do I need to file an SR-22 for a DUI in Louisiana?
- Can my teen driver be rated on a liability-only vehicle?
- What is the difference between personal and commercial auto insurance policies?
If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.
Don’t give up on affordable premiums
As you quote New Orleans car insurance, it’s a bad idea to skimp on critical coverages to save a buck or two. In many instances, drivers have reduced liability limits or collision coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy the best coverage you can find at the best cost and still be able to protect your assets.
Throughout this article, we presented many ideas to lower your Volvo XC60 insurance auto insurance rates in New Orleans. The key concept to understand is the more quotes you get, the better likelihood of getting inexpensive New Orleans car insurance quotes. You may even find the lowest auto insurance rates come from an unexpected company. These companies may cover specific market segments cheaper as compared to the big name companies such as Allstate and Progressive.
More affordable car insurance in New Orleans is definitely available both online and with local New Orleans insurance agents, and you need to price shop both to have the best chance of lowering rates. Some car insurance companies do not offer rates over the internet and these small insurance companies work with independent agents.
More resources
- How to Avoid Staged Accidents (State Farm)
- Who Has Affordable Auto Insurance for Young Drivers in New Orleans? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Teenage Females in New Orleans? (FAQ)
- Who Has Cheap New Orleans Car Insurance for Drivers Under 25? (FAQ)
- Who Has Affordable Car Insurance for Teenagers in New Orleans? (FAQ)
- Senior Drivers (Insurance Information Institute)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)