Auto Insurance Rates for a Volvo S80 in Cincinnati

It takes a few minutes, but the best way to find low-cost prices for car insurance rates in Cincinnati is to start doing a yearly price comparison from insurance carriers who provide car insurance in Ohio. Rate comparisons can be done by following these steps.

Step 1: Try to learn a little about what coverages are included in your policy and the things you can control to lower rates. Many factors that are responsible for high rates such as high-risk driving behaviors and an unacceptable credit score can be controlled by making lifestyle changes or driving safer. Continue reading for more information to help reduce premium rates and find overlooked discounts.

Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can provide rates from a single company like GEICO or Farmers Insurance, while independent agents can provide prices from multiple companies.

Step 3: Compare the new quotes to your existing rates to see if switching to a new carrier will save money. If you find a lower rate quote and buy the policy, make sure coverage is continuous and does not lapse.

Step 4: Tell your current company of your intent to cancel the current policy. Submit the required down payment along with the signed application to your new insurance company. Once the paperwork is finalized, keep your new proof of insurance certificate with your vehicle’s registration.

A good piece of advice is to make sure you’re comparing identical coverage information on every price quote and to quote with every company you can. Doing this enables a level playing field and and a good selection of different prices.

Statistics show that most car insurance customers renewed their policy with the same company for four years or more, and roughly 40% of drivers have never shopped around. Drivers in Cincinnati could save an average of as much as 55% each year just by comparing rates, but they mistakenly think it’s difficult to compare rates.

All the larger insurance companies such as Progressive, GEICO, Allstate and State Farm allow you to get insurance quotes on their websites. Getting online rates for Volvo S80 insurance in Cincinnati is fairly simple because you just enter the amount of coverage you want as detailed in the form. Once you submit the form, the company’s rating system requests your credit score and driving record and returns a price quote based on the data you entered. Quoting online for Volvo S80 insurance in Cincinnati makes comparing rates easy, and it’s also necessary to have as many quotes as possible if you want to get the most affordable premium possible.

In order to find out how much you can save on insurance, compare rates from the companies below. If you have coverage now, it’s recommended you complete the form with the insurance coverages identical to your current policy. This way, you will have rate quotes for the exact same coverage.

The auto insurance companies shown below offer price quotes in Ohio. In order to find cheap auto insurance in Cincinnati, OH, we suggest you visit two to three different companies to find the most competitive auto insurance rates.

Volvo S80 insurance charts and tables

The premium information displayed below outlines detailed analysis of policy rates for Volvo S80 models. Having a good understanding how premiums are formulated helps drivers make informed purchases.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Price estimates do not factor in specific zip code location which can alter coverage rates noticeably.

Where to set your deductibles

One of the more difficult decisions when buying car insurance is how high should the deductibles for physical damage be. The tables below outline the cost difference when you buy lower versus higher physical damage deductibles. The first rate table uses a $100 deductible for comp and collision and the second price grid uses a $500 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Prices do not factor in specific location information which can increase or decrease insurance rates significantly.

Based on the above data, using a $100 deductible costs approximately $21 more each month or $252 for a full year 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 tend to have at least 19 months between claim filings, you would save more money if you choose a higher deductible.

An important sidenote is that raising deductibles means you will have to cover more of the damage yourself when you have to file a claim. You should have enough money stashed away in order to pay more for the deductible.

Full coverage or liability only

The illustration below shows the comparison of Volvo S80 yearly insurance costs with full coverage compared to only the Ohio minimum liability coverage. The data is based on no accidents, no driving violations, $1,000 deductibles, drivers are single, and no discounts are applied.

When to stop paying for full coverage

There is no specific rule to exclude physical damage coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let’s assume your Volvo S80 claim settlement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company would pay you is $6,000 after paying the physical damage deductible. If you are paying in excess of $600 a year for comprehensive and collision coverage, then it could be time to drop full coverage.

There are some cases where eliminating full coverage is not a good idea. If you still have a loan on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.

Choosing vehicle insurance is an important decision

Despite the high cost, car insurance serves a purpose in several ways.

First, the majority of states have mandatory insurance requirements which means state laws require specific limits of liability protection in order to drive the car. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you have a lien on your vehicle, it’s guaranteed your bank will make it a condition of the loan that you have insurance to guarantee their interest in the vehicle. If the policy lapses, the bank may insure your Volvo for a lot more money and force you to reimburse them the higher premium.

Third, car insurance preserves both your vehicle and your personal assets. It will also pay for hospital and medical expenses for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses in the event you are sued. If you have damage to your Volvo as the result of the weather or an accident, collision and comprehensive coverages will pay to have it repaired.

The benefits of carrying adequate insurance definitely exceed the cost, particularly when you have a large claim. Despite what companies tell you, the average driver is wasting up to $865 each year so you should quote your policy with other companies at every policy renewal to be sure current rates are still competitive.

Discounts mean cheaper rates for Volvo S80 insurance in Cincinnati

Some companies don’t always list every discount very clearly, so the next list breaks down both the well known and the harder-to-find credits available to you. If they aren’t giving you every credit available, you could be getting lower rates.

• Seat Belt Discounts – Drivers who require all vehicle occupants to buckle their seat belts can save up to 15% off the medical payments premium.
• Driver’s Ed – Reduce the cost of insurance for teen drivers by having them complete a driver education course if it’s offered in school.
• Military Rewards – Having a family member in the military could trigger a small discount.
• Accident-Free Discounts – Insureds who avoid accidents and claims can earn big discounts in comparison with policyholders that have many claims.
• Drive Less and Save – Driving less may enable drivers to earn slightly better insurance rates than normal.
• Senior Citizens – If you’re over the age of 55, you may be able to get a small decrease in premiums.
• Homeowners Savings – Simply owning a home can save you money because owning a home demonstrates responsibility.
• Pay Upfront and Save – If you pay your entire premium ahead of time instead of making monthly payments you can avoid monthly service charges.
• Memberships – Being a member of a professional or civic organization can get you a small discount on your policy.

We need to note that most credits do not apply to the entire policy premium. Most only cut the price of certain insurance coverages like comp or med pay. Despite the fact that it seems like having all the discounts means you get insurance for free, nobody gets a free ride.

The information below shows the comparison of Volvo S80 yearly insurance costs with and without policy discounts. The price estimates are based on a male driver, a clean driving record, no at-fault accidents, Ohio state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, homeowner, multi-car, multi-policy, and claim-free discounts applied.

A few of the larger companies and a partial list of their discounts are shown below.

• Farm Bureau may offer discounts for good student, driver training, safe driver, 55 and retired, and renewal discount.
• Liberty Mutual may have discounts that include newly retired, good student, preferred payment discount, multi-car, and hybrid vehicle.
• State Farm discounts include accident-free, multiple autos, good driver, student away at school, driver’s education, and Steer Clear safe driver discount.
• Auto-Owners Insurance offers discounts for good student, air bags, safe driver, paid in full, student away at school, anti-theft, and company car.
• GEICO policyholders can earn discounts including military active duty, daytime running lights, anti-lock brakes, multi-vehicle, and membership and employees.
• SAFECO may include discounts for homeowner, anti-lock brakes, accident prevention training, bundle discounts, anti-theft, teen safety rewards, and teen safe driver.

When getting free Cincinnati car insurance quotes, it’s a good idea to all companies you are considering how many discounts you can get. A few discounts might not apply everywhere. To view insurers with the best Volvo S80 insurance discounts in Cincinnati, click here.

You may need specialized auto insurance coverage

Always remember that when buying proper insurance coverage, there really is no cookie cutter policy. Your situation is unique and your auto insurance should be unique as well.
These are some specific questions can help discover if your situation may require specific advice.

• How do I buy GAP insurance?
• Why do I only qualify for high-risk insurance?
• How can I get the company to pay a claim?
• Do I have coverage if I rent a car in Mexico?
• Is my Volvo S80 covered if I use it for business?
• Do I need added coverage for expensive stereo equipment?
• How much liability do I need to cover my assets?
• What if I total my Volvo S80 and owe more than it’s worth?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to an agent. If you don’t have a local agent, complete this form or click here for a list of auto insurance companies in your area.

Compare prices but still have a local Cincinnati insurance agency

Many drivers still prefer to get professional advice from a licensed agent and often times that is recommended One of the great benefits of getting free rate quotes online is that you can find cheap rate quotes and still choose a local agent. And buying from local agencies is still important in Cincinnati.

For easy comparison, once you complete this short form, your insurance coverage information gets sent to agents in your area who will return price quotes for your car insurance coverage. It simplifies rate comparisons since you won’t have to contact any agents since price quotes are sent to you instantly. You’ll get the best rates and an insurance agent to talk to. In the event you want to get a rate quote from a particular provider, don’t hesitate to jump over to their website and fill out the quote form the provide.

If you want an insurance agent, it’s helpful to know the different types of agencies and how they operate. Cincinnati agents are either exclusive or independent (non-exclusive).

Independent Car Insurance Agents (or Brokers)

These type of agents are normally appointed by many insurers and that gives them the ability to insure with many different companies and find the cheapest car insurance rates. If they find a lower price, they simply move your policy to a different company and you don’t have to switch agencies. If you need cheaper car insurance rates, we recommend you include price quotes from a few independent agents to have the best price comparison.

Listed below is a small list of independent agents in Cincinnati that may be able to provide free car insurance quotes.

More insurance agents

Exclusive Car Insurance Agencies

Exclusive insurance agents can only provide one company’s prices like Allstate, State Farm and Farmers Insurance. Exclusive agents cannot compare rates from other companies so it’s a take it or leave it situation. These agents are usually well trained on sales techniques which helps them sell insurance even at higher premiums.

The following is a short list of exclusive insurance agencies in Cincinnati that are able to give rate quotes.

More insurance agents

Deciding on an insurance agency needs to be determined by more than just the premium amount. Get answers to these questions too.

• Is the agency active in community causes in Cincinnati?
• Is working in the agency their full-time job?
• What insurance company do they write the most business with?
• Does the quote include credit and driving reports?
• Will your rates increase after a single accident?
• Do the coverages you’re quoting properly cover your vehicle?
• Who are their largest clients?
• How are claims handled?

Once you have received positive responses to any questions you may have and an affordable coverage quote, it’s possible that you found an insurance agency that can service your policy.

Car insurance coverage specifics

Having a good grasp of car insurance helps when choosing the best coverages at the best deductibles and correct limits. Car insurance terms can be ambiguous and reading a policy is terribly boring. Shown next are the usual coverages found on most car insurance policies.

Coverage for medical expenses

Med pay and PIP coverage pay for immediate expenses for things like EMT expenses, funeral costs, ambulance fees and doctor visits. They are often utilized in addition to your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants as well as any family member struck as a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Comprehensive car insurance

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as damage from flooding, hail damage and a tree branch falling on your vehicle. The most your car insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and also any damage incurred to your Volvo S80.

Due to the fact that many Ohio drivers only carry the minimum required liability limits (25/50/25 in Ohio), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Auto liability insurance

This coverage can cover injuries or damage you cause to a person or their property in an accident. This coverage protects you from claims by other people, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/25 that means you have $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Occasionally you may see a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims like pain and suffering, loss of income and structural damage. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible. Ohio state law requires minimum liability limits of 25/50/25 but you should think about purchasing more liability than the minimum.

The illustration below demonstrates why buying the state minimum limits may not be enough coverage.

Collision protection

Collision insurance will pay to fix damage to your S80 resulting from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like crashing into a ditch, hitting a parking meter, driving through your garage door and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible on your S80 in order to get cheaper collision rates.

More comparisons equals affordable rates

Cheaper Volvo S80 insurance in Cincinnati can be sourced both online and from local insurance agents, so you need to quote Cincinnati car insurance with both to get a complete price analysis. There are still a few companies who may not have online rate quotes and most of the time these regional insurance providers work with local independent agencies.

You just learned a lot of tips how to compare Volvo S80 insurance auto insurance rates in Cincinnati. The key concept to understand is the more you quote Cincinnati car insurance, the better likelihood of getting affordable Volvo S80 insurance quotes. Consumers could even find that the best auto insurance rates are with some of the lesser-known companies. Regional companies often have lower premium rates on specific markets as compared to the big name companies such as State Farm, GEICO and Nationwide.

To learn more, feel free to visit the following helpful articles:

• How Much Auto Coverage do I Need? (Insurance Information Institute)
• Who Has the Cheapest Cincinnati Auto Insurance Rates for Active Military? (FAQ)
• Who Has the Cheapest Auto Insurance for 19 Year Olds in Cincinnati? (FAQ)
• Who Has Affordable Car Insurance Rates for a Chevrolet Equinox in Cincinnati? (FAQ)
• A Tree Fell on Your Car: Now What? (Allstate)
• Event Data Recorders FAQ (iihs.org)
• Automakers compete to add autobraking (Insurance Institute for Highway Safety)