Affordable Insurance for a Volvo XC70 in Columbus

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The best way to get more affordable Volvo XC70 insurance is to begin comparing prices regularly from different companies in Columbus. Price quotes can be compared by following these steps.

  • First, learn about how insurance works and the measures you can take to prevent rate increases. Many rating criteria that cause rate increases such as speeding tickets, accidents and a substandard credit history can be remedied by making small lifestyle or driving habit changes.
  • Second, request rate estimates from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from one company like Progressive and State Farm, while independent agents can provide price quotes from many different companies.
  • Third, compare the price quotes to the price on your current policy to see if a cheaper price is available. If you can save some money and change companies, make sure there is no coverage gap between policies.

A tip to remember is to use the same coverage limits and deductibles on each quote request and and to get rate quotes from as many auto insurance providers as possible. This enables an accurate price comparison and the best price quote selection.

Insurance rates Volvo XC70 in ColumbusIt's an obvious statement that car insurance companies don't want you to compare rates. Drivers who shop around for the cheapest rate are likely to switch car insurance companies because they have a good chance of getting low-cost coverage. A recent survey found that people who shopped around every year saved an average of $865 annually as compared to drivers who never shopped for cheaper rates.

If finding the most affordable auto insurance is your objective, then having an understanding of how to quote prices and compare insurance coverage can save time, money, and frustration.

This article's intent is to teach you how car insurance companies work and how to save the most money. If you are insured now, you will most likely be able to reduce premiums using the ideas you're about to read. But Ohio car owners do need to understand how insurance companies calculate your auto insurance rates and take advantage of how the system works.

Most of the larger companies give prices for coverage online. Getting quotes for Volvo XC70 insurance in Columbus is pretty painless because you just enter your coverage preferences into a form. Behind the scenes, the system will obtain your credit score and driving record and returns a price quote based on the information you submitted. Quoting online for Volvo XC70 insurance in Columbus simplifies rate comparisons, and it's necessary to get many rate quotes if you want to find affordable rates.

To quickly get comparison pricing now, consider comparing rates from the companies shown below. If you have a policy now, it's recommended you duplicate the limits and deductibles just like they are on your policy. Doing this assures you will have rate quotes for exact coverage.

The car insurance companies shown below have been selected to offer comparison quotes in Columbus, OH. If multiple companies are shown, we recommend you visit as many as you can to get the cheapest price.

Affordable rates by receiving discounts

Companies do not advertise all available discounts very clearly, so the following is a list of a few of the more well known as well as some of the hidden credits available to you.Cheaper insurance with discounts

  • Discount for Multiple Policies - If you insure your home and vehicles with the same company you could save up to 20% off your total XC70 insurance premium.
  • Accident Waiver - This isn't a discount exactly, but companies like Allstate and GEICO will let one accident slide before they charge you more for coverage so long as you haven't had any claims for a specific time period.
  • Student Driver Training - Make teen driver coverage more affordable by requiring them to successfully take a driver's education course as it can save substantially.
  • ABS Brakes - Vehicles that have anti-lock braking systems are much safer to drive and earn discounts up to 10%.
  • Senior Discount - If you qualify as a senior citizen, you may be able to get reduced rates.
  • Defensive Driver - Taking part in a course that instructs on driving safety is a good idea and can lower rates if you qualify.
  • Discount for Passive Restraints - Vehicles with factory air bags may get savings of up to 25% or more.
  • Pay Upfront and Save - If you pay your entire premium ahead of time as opposed to paying monthly you may have a lower total premium amount.
  • Student in College - Children living away from Columbus attending college without a vehicle on campus can receive lower rates.

Discounts lower rates, but most of the big mark downs will not be given to the whole policy. Most cut the cost of specific coverages such as collision or personal injury protection. Even though it appears all the discounts add up to a free policy, insurance companies wouldn't stay in business.

The chart below shows the difference between Volvo XC70 insurance costs with and without discounts applied to the policy premium. The costs are based on a female driver, no violations or accidents, Ohio state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, multi-car, multi-policy, marriage, and homeowner discounts applied.

A few popular companies and a selection of discounts are outlined below.

  • GEICO may include discounts for emergency military deployment, multi-policy, defensive driver, daytime running lights, anti-lock brakes, and five-year accident-free.
  • Mercury Insurance offers discounts for low natural disaster claims, ease of repair, type of vehicle, professional/association, annual mileage, location of vehicle, and multi-policy.
  • Farmers Insurance policyholders can earn discounts including mature driver, electronic funds transfer, pay in full, distant student, youthful driver, bundle discounts, and good student.
  • Auto-Owners Insurance offers discounts including safe driver, anti-theft, company car, paid in full, multiple vehicles, multi-policy, and student away at school.
  • Liberty Mutual has savings for new graduate, good student, hybrid vehicle, multi-car, safety features, newly retired, and teen driver discount.
  • SAFECO discounts include teen safe driver, teen safety rewards, anti-theft, anti-lock brakes, homeowner, and safe driver.
  • Progressive includes discounts for good student, multi-vehicle, online quote discount, homeowner, multi-policy, continuous coverage, and online signing.
  • USAA may have discounts that include multi-vehicle, military installation, driver training, new vehicle, and vehicle storage.

Before you buy a policy, ask each insurance company how many discounts you can get. Some of the earlier mentioned discounts might not be offered in your area. To see companies with discount rates in Ohio, click this link.

Volvo XC70 insurance coverage information

The coverage information shown below highlights estimates of prices for Volvo XC70 models. Learning more about how insurance rates are established can assist in making decisions when shopping your coverage around.

Volvo XC70 Insurance Rates in Columbus, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $170 $288 $242 $14 $72 $786 $66
XC70 T6 AWD 4-Dr $170 $332 $242 $14 $72 $830 $69
Get Your Own Custom Quote Go

Prices above based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Price estimates do not factor in your specific Columbus location which can influence coverage prices noticeably.

Physical damage deductible comparison

When buying insurance, a common question is how low should you set your deductibles. The comparisons below determine the rate difference when you buy lower versus higher policy deductibles. The first rate estimation uses a $250 physical damage coverage deductible and the second price grid uses a $1,000 deductible.

Volvo XC70 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $220 $348 $256 $16 $76 $941 $78
XC70 T6 AWD 4-Dr $220 $400 $256 $16 $76 $993 $83
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Volvo XC70 insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $136 $220 $256 $16 $76 $704 $59
XC70 T6 AWD 4-Dr $136 $252 $256 $16 $76 $736 $61
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Price estimates do not factor in specific zip code location which can decrease or increase coverage prices substantially.

We can derive from the above data that using a $250 deductible costs about $21 more each month or $252 a year averaged for all XC70 models than choosing the higher $1,000 deductible. Because you would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you have at a minimum 36 months between claims, you would probably come out ahead if you opt for a higher deductible.

How to determine when to raise deductibles

Average monthly premium for $250 deductibles: $81
Average monthly premium for $1,000 deductibles (subtract): - $60
Monthly savings from raising deductible: $21
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $21
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 36 months

One important caveat is that increasing deductibles to lower your rates means you will have to cover more of the damage yourself when you have a claim. That will necessitate some non-essential savings in order to pay the deductible for vehicle repair.

Rate comparison of male drivers versus female drivers

The information below illustrates the difference between Volvo XC70 car insurance costs for male and female drivers. The price estimates are based on no accidents or driving violations, comp and collision included, $250 deductibles, single marital status, and no discounts are applied.

Rate difference between full and liability-only coverage

The example below visualizes the comparison of Volvo XC70 annual premium costs when comparing full coverage to liability only. The premium estimates are based on no claims or violations, $500 deductibles, single marital status, and no discounts are factored in.

Are you wasting money on full coverage?

There isn't a steadfast formula to drop comp and collision coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the settlement you would receive from your company, then it might be time to buy liability only.

For example, let's pretend your Volvo XC70 book value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $8,000 after you pay the deductible. If premium cost is more than $800 a year for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some conditions where removing full coverage is not a good idea. If you still have a lienholder on your title, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don't have enough money to buy a different vehicle in the even your car is totaled, you should keep full coverage in place.

Buying auto insurance from Columbus auto insurance agents

Certain consumers still like to buy from a licensed agent and there is nothing wrong with that. One of the benefits of price shopping on the web is that drivers can save money and get cheaper premium rates but also keep your business local. Buying from and supporting neighborhood insurance agencies is important particularly in Columbus.

After filling out this quick form, your insurance coverage information is sent to insurance agents in Columbus that provide free Columbus car insurance quotes for your business. There is no reason to visit any agencies due to the fact that quote results will go to you. It's the lowest rates without having to waste a lot of time. If for some reason you want to get a rate quote from a specific insurance company, feel free to search and find their rate quote page and submit a quote form there.

When researching a good insurance agency, you need to know there are two types of insurance agents that you can choose from. Auto insurance agents can be described as either exclusive or independent.

Independent Agents

Independent insurance agents are not required to write business for one company and that allows them to write policies through lots of different companies and get you the best rates possible. If you want to switch companies, your policy is moved internally which is easy for the insured.

If you are trying to find cheaper rates, you absolutely need to include price quotes from a couple of independent agencies to ensure the widest selection of prices.

Shown below are Columbus independent insurance agents who may provide free rate quotes.

891 S James Rd - Columbus, OH 43227 - (614) 235-2815 - View Map

1000 Georgesville Rd - Columbus, OH 43228 - (614) 276-7821 - View Map

1180 W Broad St - Columbus, OH 43222 - (614) 221-7007 - View Map

View more Columbus agents

Exclusive Auto Insurance Agents

These type of agents work for only one company like Farmers Insurance and State Farm. Exclusive agencies are unable to provide prices from multiple companies so it's a take it or leave it situation. Exclusive insurance agents are very knowledgeable on their products and sales techniques which aids in selling service over price.

Below is a short list of exclusive insurance agents in Columbus willing to provide rate quotes.

7370 Sawmill Rd Suite 2720 - Columbus, OH 43235 - (614) 336-4240 - View Map

Howard Tyler - State Farm Insurance Agent
1395 E Dublin Granville Rd #201 - Columbus, OH 43229 - (614) 431-8192 - View Map

Danny Hilton - State Farm Insurance Agent
3276 Morse Rd b - Columbus, OH 43231 - (614) 475-8808 - View Map

View more Columbus agents

Finding the right insurance agency is decision based upon more than just a cheap quote. Agents should be asked these questions:

  • Is insurance their full-time profession?
  • What discounts might you be missing?
  • Are they paid to recommend certain coverages?
  • How are claims handled?
  • Do you work with a CSR or direct with the agent?
  • Is their price quote a firm figure or are their hidden costs?

Smart Consumers Can Lower Insurance Rates

It's important that you understand a few of the rating criteria that help calculate the rates you pay for auto insurance. When consumers understand what positively or negatively impacts your premiums, this enables you to make decisions that can help you get big savings. Many different elements are used in the calculation when you get your auto insurance bill. Most are fairly basic such as your driving record, but some are less apparent like your vehicle usage or how financially stable you are.

  • Your credit history is important - Having a bad credit score is likely to be a major factor in determining what you pay for auto insurance. If your credit could use some work, you could save money insuring your Volvo XC70 by improving your rating. Insureds that have good credit tend to be better risks to insure as compared to drivers with poor credit.
  • High physical damage deductibles save money - The deductibles define how much you are willing to pay out-of-pocket in the event of a claim. Physical damage coverage, also called comprehensive and collision insurance, insures against damage to your car. Examples of some claims that would be covered would be colliding with a stationary object, damage from fire, and having a roll-over accident. The more money you choose to pay out-of-pocket, the less your auto insurance will be.
  • Auto insurance policy lapses lead to higher auto insurance rates - Allowing your auto insurance policy to lapse can be a quick way to pay more for auto insurance. Not only will rates go up, not being able to provide proof of insurance will get you fines and jail time. You may then be required to file a SR-22 with the Ohio motor vehicle department.
  • Avoid tickets and save - Having a clean driving record has a big impact on rates. Drivers with clean records get better prices as compared to those with violations. Even a single ticket could increase your next policy renewal to the point where it's not affordable. Drivers who have flagrant tickets such as DUI or reckless driving may need to maintain a SR-22 with their state motor vehicle department in order to prevent a license revocation.

    The diagram below highlights how traffic violations and accidents can drive up Volvo XC70 insurance rates for each age group. The premiums are based on a single female driver, comp and collision included, $250 deductibles, and no other discounts are factored in.

  • Loss probability for a Volvo XC70 - Insurance companies use data from past claims when determining insurance prices. Models that statistically have higher loss trends will cost more to insure. The table shown below demonstrates the historical loss data for Volvo XC70 vehicles.

    For each coverage category, the claim probability for all vehicles combined as an average is represented as 100. Values under 100 indicate a favorable loss history, while values that are 100 or greater indicate higher probability of having a loss or an increased probability of a larger loss.

    Volvo XC70 Insurance Claim Statistics
    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 Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Car insurance protects more than just your car

Despite the fact that car insurance is not cheap in Columbus, car insurance is most likely required but also gives you several important benefits.

  • Just about all states have minimum liability requirements which means you are required to carry a specific level of liability protection in order to get the vehicle licensed. 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.
  • If you have a loan on your Volvo, most banks will make it mandatory that you have physical damage coverage to guarantee their interest in the vehicle. If the policy lapses, the bank will be required to insure your Volvo at a more expensive rate and force you to reimburse them the higher price.
  • Insurance safeguards both your vehicle and your personal assets. It will also pay for medical transport and hospital expenses for yourself as well as anyone injured by you. 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, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of having car insurance definitely exceed the cost, especially for larger claims. Today the average American driver is currently overpaying as much as $825 a year so you should quote your policy with other companies each time the policy renews to be sure current rates are still competitive.

Smart shoppers get results

Some insurance providers do not offer the ability to get a quote online and many times these regional insurance providers only sell through independent agents. Budget-friendly insurance in Columbus can be purchased on the web and from local agencies, and you should compare price quotes from both so you have a total pricing picture.

We just presented many ideas to find cheaper Volvo XC70 insurance in Columbus. The most important thing to understand is the more providers you compare, the better your comparison will be. You may even discover the lowest priced insurance comes from a lesser-known regional company. They may often insure only within specific states and give better rates compared to the large companies like Allstate and Progressive.

When getting Columbus car insurance quotes online, never skimp on critical coverages to save a buck or two. Too many times, consumers will sacrifice liability coverage limits only to discover later that their decision to reduce coverage ended up costing them more. The aim is to buy enough coverage at the best price but still have enough coverage for asset protection.

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