How to Compare Denver Volvo S40 Insurance

How long have you put off shopping around for lower-priced Volvo S40 insurance in Denver? Overpriced Volvo S40 insurance in Denver can overdraw your accounts and make it tough to pay other bills. Comparing cost estimates is a fast and free way to reduce premiums and put more money in your pocket.

Regrettably, nearly 70% of customers have bought auto insurance from the same company for over three years, and about 40% of consumers have never even shopped around for cheaper coverage. With the average premium in the United States being $1,847, drivers could save approximately $850 every year, but they underestimate the amount of money they would save if they switched.

Due to the increasing number of companies and agents to choose from, it’s difficult to choose a lower cost auto insurance provider.

It’s important to compare rates once or twice a year because insurance prices tend to go up over time. Just because you had the best deal on Volvo S40 insurance in Denver a few years ago other companies may now be cheaper. You’ll find quite a bit of inaccurate information about S40 insurance on the internet, but by reading this article, you’re going to learn some great ways to reduce your auto insurance bill.

To get affordable Volvo S40 insurance quotes, there a variety of ways to compare rate quotes from car insurance companies in your area. One of the best ways to compare Volvo S40 insurance prices is to get quotes online.

Doing price comparisons online is so simple that it makes it a waste of time to drive to insurance agencies in your area. The ability to quote Volvo S40 insurance online makes this process obsolete unless you require the professional guidance that can only be provided by a licensed insurance agent. You can, however, comparison shop online but still have the advice of a local agent. When quoting car insurance, remember that comparing all the rates in your area helps increase your odds of locating more affordable rates.

The companies shown below offer free quotes in Colorado. If several companies are displayed, we suggest you get price quotes from several of them to get the cheapest price.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Rate information does not factor in the specific area where the vehicle is garaged which can increase or decrease auto insurance rates noticeably.

Deductible comparison

One common question asked by Denver drivers is how high should the deductibles for physical damage be. The rates shown below can help you understand the cost difference when you select higher and lower deductibles. The first pricing table uses a $250 physical damage deductible and the second rate table uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Rates do not factor in specific Denver garaging location which can alter premiums substantially.

Based on the data above, we can derive that using a $250 deductible will cost you roughly $28 more each month or $336 for a full year than buying the higher $1,000 deductible. Since you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 27 months between claims, you would come out ahead going with the higher deductible.

Denver auto insurance discounts

Auto insurance is not cheap nor is it fun to buy but you can get discounts to reduce the price significantly. Certain reductions will be credited at quote time, but a few must be asked for before being credited.

• Drive Less and Save – Keeping the miles down on your Volvo can earn better premium rates on cars that stay parked.
• Military Deployment Discount – Being deployed with a military unit may qualify for rate reductions.
• Discounts for Government Workers – Active or retired federal employment could cut as much as 10% off with some auto insurance companies.
• Drivers Education – Teen drivers should successfully complete driver’s ed class if it’s offered in school.
• Payment Method – If paying your policy premium upfront instead of monthly or quarterly installments you could save 5% or more.
• Good Grades Discount – This discount may save you up to 25%. Most companies allow this discount until age 25.
• Anti-theft System – Anti-theft and alarm system equipped vehicles help deter theft and will save you 10% or more on S40 insurance in Denver.
• Seat Belts Save – Drivers who always wear seat belts and also require passengers to use their safety belts can save 10% or more on the premium charged for medical payments and/or PIP.
• Life Insurance – Insurance carriers who offer life insurance give a small discount if you purchase some life insurance in addition to your auto policy.
• Safety Course Discount – Passing a course that instructs on driving safety could earn you a small percentage discount and also improve your driving technique.

As a footnote on discounts, most discount credits are not given to the whole policy. Most cut the cost of specific coverages such as comprehensive or collision. So despite the fact that it appears having all the discounts means you get insurance for free, it just doesn’t work that way.

A list of companies and some of the premium reductions they offer are shown below.

• State Farm offers premium reductions for Drive Safe & Save, multiple policy, multiple autos, passive restraint, good student, and defensive driving training.
• GEICO has savings for five-year accident-free, air bags, anti-lock brakes, membership and employees, driver training, and military active duty.
• SAFECO includes discounts for anti-lock brakes, safe driver, teen safety rewards, bundle discounts, teen safe driver, homeowner, and multi-car.
• Farmers Insurance may have discounts that include teen driver, early shopping, electronic funds transfer, multi-car, and switch companies.
• AAA may include discounts for multi-car, education and occupation, good student, good driver, and AAA membership discount.
• USAA discounts include good student, safe driver, defensive driver, military installation, annual mileage, and vehicle storage.

If you want the cheapest Volvo S40 rate quotes, ask each company or agent which discounts can lower your rates. Some of the discounts discussed earlier might not be offered on policies in Denver. If you would like to choose from a list of insurers that can offer you the previously mentioned discounts in Denver, click this link.

Best reasons to buy insurance in Colorado

Despite the high cost, maintaining insurance is mandatory in Colorado but it also protects more than you think.

• Just about all states have minimum mandated liability insurance limits which means the state requires a specific minimum amount of liability insurance if you want to drive legally. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
• If you have a loan on your vehicle, most lenders will make it mandatory that you buy insurance to ensure the loan is repaid in case of a total loss. If you do not keep the policy in force, the bank or lender will purchase a policy for your Volvo at a much higher rate and make you pay the higher premium.
• Insurance safeguards both your Volvo and your personal assets. It will also cover medical transport and hospital expenses for not only you but also any passengers injured in an accident. Liability coverage will also pay for a defense attorney if you are sued as the result of an accident. If your Volvo gets damaged, your policy will cover the damage repairs after a deductible is paid.

The benefits of having insurance more than offset the price you pay, especially if you ever need it. But the average American driver overpays as much as $865 each year so shop around at every policy renewal to ensure rates are competitive.

There’s no such thing as the perfect car insurance policy

Keep in mind that when it comes to choosing coverage online or from an agent for your vehicles, there really is no cookie cutter policy. Coverage needs to be tailored to your specific needs and your policy should reflect that.
These are some specific questions can help discover if your situation would benefit from an agent’s advice.

• Should I carry comprehensive and collision coverage?
• Is my vehicle covered by my employer’s policy when using it for work?
• Can good grades get a discount?
• Can I rent a car in Mexico?
• Is my ex-spouse still covered by my policy?
• Do I need special endorsements for business use of my vehicle?
• When should I drop full coverage on my Volvo S40?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form or click here for a list of car insurance companies in your area.

Shop online but buy locally

A lot of people would rather sit down and talk to an agent and that is OK! A nice benefit of comparing rate quotes online is that drivers can save money and get cheaper prices but also keep your business local. Supporting local agents is important particularly in Denver.

To find an agent, once you fill out this quick form, the coverage information is immediately sent to local insurance agents that can provide free Denver car insurance quotes for your business. There is no need to leave your house since rate quotes are delivered directly to you. You can find lower rates AND an agent nearby. If you need to quote rates from a specific insurance company, don’t hesitate to navigate to their website and submit a quote form there.

Shown below is a short list of auto insurance companies in Denver that may be willing to give price quotes for Volvo S40 insurance in Denver.

View more Denver agents

Picking the best insurer requires more thought than just a cheap quote. These are some questions you should get answers to.

• How many years of experience in personal auto insurance do they have?
• Will a damage claim use OEM or aftermarket replacement parts?
• How long has their agency been open in Denver?
• How much can you save by raising your physical damage deductibles?
• If you are a high risk driver, do they have special markets for your coverage?
• Is working in the agency their full-time job?

Auto insurance coverages and their meanings

Learning about specific coverages of a auto insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. Auto insurance terms can be confusing and even agents have difficulty translating policy wording. Listed below are typical coverage types found on most auto insurance policies.

Medical payments coverage and PIP

Med pay and PIP coverage reimburse you for bills like X-ray expenses, nursing services, pain medications, hospital visits and EMT expenses. They are often used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Comprehensive coverage

Comprehensive insurance covers damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like theft, a broken windshield and vandalism. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Liability

This coverage can cover damages or injuries you inflict on a person or their property that is your fault. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/15 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and a limit of $15,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which provides one coverage limit without having the split limit caps.

Liability insurance covers things such as medical services, funeral expenses, court costs, repair costs for stationary objects and emergency aid. How much coverage you buy is up to you, but it’s cheap coverage so purchase as high a limit as you can afford. Colorado requires minimum liability limits of 25/50/15 but it’s recommended drivers buy higher limits.

Collision coverage

Collision insurance pays for damage to your S40 resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like damaging your car on a curb, crashing into a ditch, rolling your car and backing into a parked car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible on your S40 in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage provides protection when the “other guys” do not carry enough liability coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your Volvo S40.

Since a lot of drivers only carry the minimum required liability limits (Colorado limits are 25/50/15), their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are set the same as your liability limits.