Save Money on Volvo V50 Insurance in Irvine

It takes a little time, but the best way to find affordable quotes for auto insurance rates is to annually compare prices from companies in Irvine.

First, read and learn about how insurance companies determine prices and the things you can control to lower rates. Many things that drive up the price such as speeding and your credit history can be amended by paying attention to minor details.

Second, get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only provide price estimates from a single company like Progressive or Farmers Insurance, while independent agencies can provide rate quotes for a wide range of companies. Compare rates

Third, compare the new rates to your current policy premium and see if there is a cheaper rate in Irvine. If you find better rates and buy the policy, ensure coverage does not lapse between policies.

Fourth, notify your company or agent of your intention to cancel your current policy. Submit any necessary down payment along with the completed application for your new coverage. As soon as you can, put the proof of insurance certificate in an accessible location in your vehicle.

The most important part of shopping around is to try to use similar limits and deductibles on each price quote and and to look at all possible companies. This enables an apples-to-apples comparison and a good representation of prices.

Anyone knows that auto insurance companies want to prevent you from shopping around. Insureds who compare rates at least once a year will, in all likelihood, switch companies because the odds are good of finding a lower rate. A recent survey found that people who regularly compared rates saved about $3,450 over four years compared to other drivers who never compared rates.

If finding the most affordable Volvo V50 insurance is why you’re reading this, then knowing how to shop and compare insurance coverage can make the process less intimidating.

If you are already insured or just want a better rate, you can use these techniques to get lower rates without reducing coverage. The intent of this article is to help you learn the best way to buy inexpensive auto insurance and also save some money in the process Comparison shoppers just need to know the tricks to shop their coverage around online from multiple companies.

Companies offering low-cost Volvo V50 rate quotes in Irvine, CA

The companies in the list below have been selected to offer free rate quotes in California. If your goal is to find cheap auto insurance in Irvine, it’s a good idea that you visit as many as you can in order to find the most affordable rates.

Volvo V50 insurance statistics and information

The information below outlines estimates of insurance coverage prices for Volvo V50 models. Having a good grasp of how insurance quotes are formulated is important to be able to make decisions on the best policy coverages.

Data variables include single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Premium costs do not factor in specific Irvine garaging location which can alter premiums greatly.

How high should deductibles be?

The hardest decision when buying coverage is at what level do you set your deductibles. The rates shown below outline the costs and benefits of buying low and high comp and collision deductibles. The first data set uses a $250 physical damage coverage deductible and the second rate table uses a $1,000 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Information does not factor in your specific Irvine location which can alter coverage rates noticeably.

Based on this data, using a $250 deductible costs about $37 more each month or $444 annually averaged for all V50 models than quoting the higher $1,000 deductible. Because you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at a minimum 20 months between claims, you would save money if you choose a higher deductible.

Comparison of full coverage and liability-only policies

The chart below illustrates the difference between Volvo V50 auto insurance rates with full coverage compared to only the California minimum liability coverage. The premiums are based on no driving violations, no at-fault accidents, $100 deductibles, single marital status, and no discounts are factored in.

When to drop full coverage

There is no clear-cut rule of when to stop paying for comp and collision coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

For example, let’s say your Volvo V50 settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would get paid by your company is $6,000 after paying the physical damage deductible. If you are paying in excess of $600 annually to have full coverage, the it may be a good time to stop paying for full coverage.

There are some situations where dropping full coverage is not a good plan. If you still have a lienholder on your title, you have to keep full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not drop full coverage.

How Insurance Companies Calculate Volvo V50 Insurance Costs

Multiple criteria are part of the equation when premium rates are determined. A few of the factors are predictable like a motor vehicle report, but some are more obscure such as whether you are married and annual miles driven.

The list below includes some of the things companies use to determine your prices.

• Safety ratings are a factor – Safe vehicles get lower rates. Safe vehicles reduce occupant injuries and better occupant protection means lower claim amounts which can mean better rates for you. If your Volvo V50 earned at least four stars on Safercar.gov you may qualify for a discount.
• You might get higher rates if you are single – Getting married helps lower the price on your policy. It is viewed as being more financially stable it has been statistically shown that drivers who are married file infrequent claims.
• Use one insurance company and save – Some insurers will give discounts for people who carry more than one policy, otherwise known as a multi-policy discount. The amount of the discounts can be anywhere from five to ten percent in most cases. Even with this discount, it’s always a smart idea to shop around to confirm you are receiving the best rates possible.

• Does insurance coverage cost more for men? – Over the last 50 years, statistics have shown females are less aggressive when driving. The data does not necessarily mean that females are better drivers. Both genders cause accidents at a similar rate, but the male of the species tend to have higher claims. They also have more aggressive citations such as driving while intoxicated (DWI) or driving recklessly. Male teenagers are several times more likely to be in an accident and therefore have the most expensive car insurance rates.

  The example below illustrates the comparison of Volvo V50 car insurance rates for male and female drivers. The data assumes no accidents or driving violations, full coverage, $250 deductibles, marital status is single, and no discounts are factored in.

• Your job may affect premiums – Did you know that where you work can have an impact on rates? Careers like doctors, architects, and miners tend to pay the highest average rates in part from high stress and lots of time spent away from family. Conversely, jobs such as farmers, engineers and homemakers pay the least.
• Discounts for alarm systems – Choosing to buy a car that has an advanced theft prevention system can save you some money. Advanced theft deterrents like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can thwart auto theft.

• Better drivers pay lower costs – Just one chargeable violation can boost insurance rates substantially. Good drivers get better rates than bad drivers. Drivers unfortunate enough to have license-revoking citations such as DUI or willful reckless driving may need to prove financial responsibility with the DMV in their state in order to drive a vehicle legally.

  The information below highlights how traffic violations and accident claims can influence Volvo V50 auto insurance rates for each different age group. The rate quotes are based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no additional discounts are factored in.

• Use but don’t abuse your insurance – If you’re an insured who likes to file claims you can look forward to either policy cancellation or increased premiums. Car insurance companies in California award the best rates to drivers who do not rely on their insurance for small claims. Your insurance policy is meant to be used in the event of more catastrophic claims.

Car insurance rates and discounts

Companies offering auto insurance don’t list their entire list of discounts in a way that’s easy to find, so we took the time to find both well-publicized and also the lesser-known ways to save on car insurance.

• New Car Discount – Putting car insurance coverage on a new V50 may earn a small discount because new vehicles keep occupants safer.
• Payment Discounts – If paying your policy premium upfront instead of monthly or quarterly installments you can avoid monthly service charges.
• Defensive Driver Discount – Completing a class that teaches defensive driver techniques could cut 5% off your bill depending on where you live.
• Renewal Discounts – A few insurance companies allow discounts for buying a policy prior to your current V50 insurance policy expiration. You may see this discount when you get Irvine auto insurance quotes online.
• First Accident Forgiveness – Not necessarily a discount, but a handful of insurance companies allow you one accident before raising your premiums with the catch being you have to be claim-free for a set time period.
• Policy Bundle Discount – When you combine your homeowners and auto insurance and insure them with the same company you could earn a discount of 10% to 20% off each policy.

One last thing about discounts, most discounts do not apply to the overall cost of the policy. Most only cut the cost of specific coverages such as collision or personal injury protection. Despite the appearance that you could get a free car insurance policy, companies wouldn’t make money that way.

The example below shows the difference between Volvo V50 insurance premiums with and without discounts being applied to the rates. The premiums assume a female driver, no claims or driving citations, California state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, marriage, multi-policy, multi-car, and safe-driver discounts applied.

Large car insurance companies and a summarized list of policyholder discounts are outlined below.

• GEICO may offer discounts for anti-theft, military active duty, defensive driver, good student, driver training, multi-vehicle, and five-year accident-free.
• Auto-Owners Insurance offers premium reductions for anti-lock brakes, student away at school, air bags, company car, mature driver, multi-policy, and safe vehicle.
• American Family has savings for good student, defensive driver, accident-free, bundled insurance, multi-vehicle, air bags, and good driver.
• Esurance offers discounts including paid-in-full, Switch & Save, Pac-12 alumni, online shopper, renters, and homeowner.
• Progressive policyholders can earn discounts including good student, continuous coverage, online quote discount, online signing, and multi-vehicle.
• State Farm may have discounts that include anti-theft, driver’s education, defensive driving training, good driver, multiple policy, and Steer Clear safe driver discount.
• AAA includes discounts for education and occupation, good student, multi-car, AAA membership discount, and anti-theft.

If you need lower rates, check with each company or agent which credits you are entitled to. Depending on the company, some discounts might not apply in your state. To see insurers who offer car insurance discounts in Irvine, click here to view.

You may need help from a local insurance agent

Some people would prefer to buy from a local agent and often times that is recommended Insurance agents can help determine the best coverages and help in the event of a claim. One of the benefits of comparing auto insurance online is that drivers can save money and get the best rates and also buy local.

By using this quick form, your insurance coverage information is immediately sent to agents in your area that can provide free Irvine auto insurance quotes to get your business. It makes it easy because there is no need to contact an agency since rate quotes are delivered straight to your inbox. In the event you want to compare rates from a particular provider, you just need to jump over to their website and give them your coverage information.

Choosing the best provider requires you to look at more than just a cheap quote. Before buying a policy in Irvine, get answers to these questions.

• Does the agency have a good rating with the Better Business Bureau?
• What will you get paid if your car is a total loss? How is that amount determined?
• Do they have designations such as AIC, CPCU, or CIC?
• How many years of experience in personal auto insurance do they have?
• Do they have any clout with companies to ensure a fair claim settlement?
• Will high miles depreciate repair valuations?
• Does the company have a solid financial rating?

The following is a list of insurance companies in Irvine willing to provide price quote information for Volvo V50 insurance in Irvine.

• Ray Vermeulen – State Farm Insurance Agent
  2151 Michelson Dr #242 – Irvine, CA 92612 – (949) 752-6335 – View Map
• Lockton Insurance Brokers
  19800 MacArthur Blvd #1250 – Irvine, CA 92612 – (949) 252-4400 – View Map
• Professional Choice Insurance
  2151 Michelson Dr Suite 250 – Irvine, CA 92612 – (714) 467-8726 – View Map
• Sharon Leung – State Farm Insurance Agent
  18004 Sky Park Cir #250 – Irvine, CA 92614 – (949) 252-0900 – View Map

View more agents

Find cheap rates by comparing often

When shopping online for insurance, don’t be tempted to skimp on coverage in order to save money. There have been many situations where an accident victim reduced liability limits or collision coverage and learned later that a couple dollars of savings turned into a financial nightmare. The proper strategy is to purchase a proper amount of coverage for the lowest cost, but don’t skip important coverages to save money.

We just covered a lot of information how to lower your Volvo V50 insurance rates in Irvine. The key thing to remember is the more quotes you get, the better your chances of lowering your car insurance rates. Consumers may even find the lowest rates are with some of the smallest insurance companies.

People switch companies for a variety of reasons including delays in responding to claim requests, an unsatisfactory settlement offer, poor customer service or even not issuing a premium refund. Regardless of your reason for switching companies, finding a new company can be less work than you think.

More detailed insurance information is available by following these links:

• Vehicle Insurance (Wikipedia)
• Who Has Affordable Car Insurance Rates for a Dodge Ram in Irvine? (FAQ)
• Who Has Affordable Auto Insurance Rates for Government Employees in Irvine? (FAQ)
• Who Has the Cheapest Car Insurance Quotes for 16 Year Olds in Irvine? (FAQ)
• How Much are Car Insurance Quotes for Homeowners in Irvine? (FAQ)
• Auto Insurance FAQ (Farmers Insurance)
• Eight Auto Insurance Myths (Insurance Information Institute)