How to Save on Lubbock Volvo XC70 Insurance

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Insurance rates Volvo XC70 in LubbockHas it been a year or more since you last compared quotes for low-cost Volvo XC70 insurance in Lubbock? Searching for cheaper insurance for a Volvo XC70 in Texas can normally be a lot of work, but you can learn these tips to make it easier.

There are both good and bad ways to shop for auto insurance so we're going to tell you the proper way to quote coverages for a Volvo and obtain the lowest price either online or from Lubbock insurance agents.

Statistics show that most consumers have bought auto insurance from the same company for more than four years, and 38% of customers have never taken the time to shop around. Most drivers in Texas could save an average of nearly $1,770 each year, but they don't want to take the time to compare rates online.

Companies offering competitive Volvo XC70 prices in Lubbock, TX

The companies shown below can provide quotes in Texas. To find the cheapest car insurance in Lubbock, it's highly recommended you visit two to three different companies to find the lowest car insurance rates.

Insurance rate breakdown

The coverage information displayed next showcases different coverage prices for Volvo XC70 models. Having insight into how auto insurance policy rates are established can aid in making informed decisions when comparing rates.

Volvo XC70 Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $234 $400 $414 $24 $124 $1,196 $100
XC70 T6 AWD 4-Dr $234 $462 $414 $24 $124 $1,258 $105
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Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Premium amounts do not factor in specific location information which can impact prices noticeably.

Deductible analysis

One of the hardest decisions when shopping for car insurance is how high or low should comp and collision deductibles be. The premium rates below may aid in understanding the rate difference when you buy lower versus higher physical damage coverage deductibles. The first pricing table uses a $100 physical damage deductible and the second rate chart uses a $1,000 deductible.

Volvo XC70 insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $412 $698 $430 $26 $128 $1,719 $143
XC70 T6 AWD 4-Dr $412 $804 $430 $26 $128 $1,825 $152
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Volvo XC70 insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $228 $368 $430 $26 $128 $1,180 $98
XC70 T6 AWD 4-Dr $228 $424 $430 $26 $128 $1,236 $103
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Estimates do not factor in specific Lubbock garaging location which can raise or lower premiums greatly.

Based on the above data, using a $100 deductible will cost you roughly $47 more each month or $564 annually than quoting the higher $1,000 deductible. Since you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 19 months between claims, you would probably be better off if you choose a higher deductible.

How to determine if a higher deductible is a good idea

Average monthly premium for $100 deductibles: $148
Average monthly premium for $1,000 deductibles (subtract): - $101
Monthly savings from raising deductible: $47
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $47
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

Difference between full coverage and liability only rates

The example below compares Volvo XC70 insurance prices with full coverage compared to only the Texas minimum liability coverage. The rates are based on no accidents or driving violations, $500 deductibles, single marital status, and no discounts are taken into consideration.

When to buy liability coverage only

There is no clear-cut formula to stop buying physical damage insurance, but there is a guideline you can consider. If the annual cost of coverage is 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.

For example, let's say your Volvo XC70 replacement cost is $7,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $6,000 after you pay the deductible. If you are currently paying more than $600 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are some circumstances where buying only liability insurance is not in your best interest. If you haven't satisfied your loan, you have to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.

These discounts can cut Volvo XC70 insurance rates

Some insurers don't always publicize every discount available very clearly, so here is a list a few of the more well known and the harder-to-find credits available to bring down your rates. If you check and find you aren't receiving every discount you qualify for, you are throwing money away.Car insurance discounts

  • Lower Rates for Military - Having a deployed family member could trigger a small discount.
  • Pay Now and Pay Less - By paying your entire bill at once instead of making monthly payments you can avoid monthly service charges.
  • Home Ownership Discount - Being a homeowner can help you save on car insurance since home ownership is proof that your finances are in order.
  • Buy New and Save - Buying car insurance coverage on a new vehicle can save you some money because newer vehicles have to meet stringent safety requirements.
  • ABS Brakes - Vehicles that have anti-lock braking systems have fewer accidents and qualify for as much as a 10% discount.
  • Seat Belts Save - Forcing all vehicle occupants to use a seat belt may be able to save a few bucks on medical payment and PIP coverage.
  • Accident Forgiveness Coverage - Not a discount per se, but companies like Liberty Mutual, Allstate and State Farm will forgive one accident before your rates go up if you are claim-free for a certain period of time.
  • Government Employees - Active or retired federal employment could qualify for a slight premium decrease depending on your company.

Discounts reduce rates, but you should keep in mind that some credits don't apply to all coverage premiums. Some only reduce the price of certain insurance coverages like comp or med pay. So when the math indicates you would end up receiving a 100% discount, it just doesn't work that way.

The example below illustrates the difference between Volvo XC70 car insurance rates with and without discounts applied to the policy rates. The costs are based on a male driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, multi-policy, safe-driver, marriage, and claim-free discounts applied.

A list of companies and the discounts they provide can be found below.

  • Progressive may include discounts for good student, continuous coverage, online quote discount, online signing, multi-policy, and homeowner.
  • AAA offers discounts including AAA membership discount, pay-in-full, multi-policy, education and occupation, anti-theft, and multi-car.
  • Farmers Insurance includes discounts for pay in full, teen driver, switch companies, good student, and multi-car.
  • GEICO has savings for air bags, emergency military deployment, multi-vehicle, membership and employees, anti-theft, daytime running lights, and military active duty.
  • Esurance has discounts for emergency road assistance, DriveSense, Switch & Save, online quote, anti-lock brakes, good driver, and claim free.
  • SAFECO may offer discounts for bundle discounts, teen safe driver, accident prevention training, teen safety rewards, and safe driver.
  • State Farm policyholders can earn discounts including good student, good driver, driver's education, multiple policy, passive restraint, and anti-theft.

If you want the cheapest Volvo XC70 rate quotes, ask every insurance company the best way to save money. A few discounts may not apply to policies everywhere. To see companies with significant discounts in Lubbock, click here to view.

How Insurance Providers Calculate Volvo XC70 Insurance Premiums

Many factors are used in the calculation when pricing auto insurance. Some of the criteria are obvious like your driving record, but other factors are more transparent such as your credit history or your vehicle rating.

Shown below are a partial list of the pieces used by companies to determine your rate level.

Do you have enough liability protection? - A critical coverage on your policy, liability insurance provides coverage if you are responsible for personal injury or accident damage. Liability provides legal defense to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap when compared to the cost of physical damage coverage, so drivers should make sure they buy enough to cover all assets.

Women tend to be lower risk - Over time, data shows that females take fewer risks when driving. However, don't assume that women are better drivers. Women and men cause auto accidents in similar numbers, but guys cause more damage and cost insurance companies more money. Men also statistically receive more costly citations like DWI (DUI) or reckless driving. Young males have the highest risk to insure and are penalized with high car insurance rates.

The example below visualizes the comparison of Volvo XC70 car insurance costs for male and female drivers. The costs are based on a clean driving record, no claims, full physical damage coverage, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

Get hitched and pay less - Being married may save some money when buying car insurance. Having a significant other is viewed as being more stable financially and insurance companies reward insureds because married drivers get in fewer accidents.

Drive less and pay lower prices - Driving more miles in a year the more you will pay for car insurance. Almost all companies charge rates based on their usage. Vehicles left parked in the garage can be on a lower rate level as compared to vehicles used primarily for driving to work. Verify your car insurance policy is showing the correct usage. Having an incorrect usage rating on your XC70 may be costing you higher rates.

Is you employer costing you more? - Did you know your career choice can influence rates? Careers like fire fighters, architects, and stock brokers generally have higher rates than average attributed to intense work situations and lots of time spent at work. On the flip side, jobs like farmers, students and homemakers pay the least.

Lower car insurance rates with theft deterrents - Choosing a vehicle with a theft deterrent system can get you a discount on your car insurance. Systems that thwart thieves such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all aid in stopping vehicle theft.

Volvo XC70 statistical loss data - Insurers take into consideration insurance loss statistics for every vehicle as a tool for profitable underwriting. Models that have increased claim numbers or amounts will be charged more to insure. The data below shows the compiled insurance loss statistics for Volvo XC70 vehicles.

For each coverage type, the loss probability for all vehicles as a whole is a value of 100. Numbers shown that are under 100 suggest a positive loss record, while percentages above 100 point to more losses or an increased probability of a larger loss.

Volvo XC70 Insurance Loss Statistics
Vehicle 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
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years

Car insurance can be complex

When it comes to buying insurance from an agent or online for your vehicles, there is no "perfect" insurance plan. Every situation is different and your car insurance should be unique as well.Drive safe and save These are some specific questions may help you determine whether or not you might need an agent's assistance.

  • Can I make deliveries for my home business?
  • Should I bundle my homeowners policy with my auto?
  • Are my friends covered when driving my car?
  • What are the financial responsibility laws in my state?
  • Is business property covered if stolen from my car?
  • Is my dog or cat covered if injured in an accident?
  • Who does medical payments coverage extend to?
  • Why am I required to get a high-risk car insurance policy?
  • Is water damage covered by my policy?
  • Will damage be repaired with OEM parts?

If you're not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area. It's fast, free and you can get the answers you need.

Insurance is available from your local insurance agencies

Some people just want to visit with an insurance agent. Licensed agents can answer important questions and help submit paperwork. One of the best bonuses of price shopping on the web is the fact that you can find better rates but still work with a licensed agent. And buying from local insurance agents is definitely important in Lubbock.

Insurance agents in LubbockBy using this form (opens in new window), your insurance coverage information is transmitted to companies in Lubbock who can give free rate quotes for your insurance coverage. You never need to contact an agency because prices are sent directly to your email. If you wish to quote rates from a particular provider, you can always jump over to their website and fill out their quote form.

If you're trying to find a reliable insurance agent, you need to know there are two types of agencies and how they function. Insurance agents in Lubbock may be either independent agents or exclusive agents depending on their employer. Either can provide insurance policies, but it's worth mentioning how they differ since it may influence the kind of agent you use.

Independent Insurance Agents

These type of agents are normally appointed by many insurers and that enables them to quote your coverage through many different insurance companies and possibly get better coverage at lower prices. If your agent finds better pricing, the agent simply finds a different carrier and you don't have to switch agencies. When comparing insurance rates, you will definitely want to get some free quotes from independent agents in order to compare the most rates. Most also write with smaller regional carriers that may provide cheaper insurance rates.

Shown below are independent insurance agencies in Lubbock that may be able to give you cheap rate quotes.

More Lubbock agents

Exclusive Insurance Agencies

Exclusive insurance agents have only one company to place business with like State Farm, Allstate, and Farm Bureau. Exclusive agencies are unable to give you multiple price quotes so always compare other rates. These agents are usually well trained on the products they sell which helps them compete with independent agents. A lot of people buy insurance from these agents mostly because of high brand loyalty and solid financial strength.

Listed below are exclusive agencies in Lubbock that are able to give price quote information.

More Lubbock agents

Picking an car insurance agent requires you to look at more than just a cheap price quote. These are some questions you should get answers to.

  • Do the companies they represent have a solid financial rating?
  • Will their companies depreciate repairs to your car based on the mileage?
  • Which family members are covered?
  • Are there any hidden costs in their price quote and does it include driving and credit history?
  • Is the agency involved in supporting local community causes?
  • Do they offer accident forgiveness?
  • How long has their agency been open in Lubbock?
  • Are you getting all the discounts the company offers?

Which car insurance company is best in Texas?

Selecting a good quality car insurance provider is difficult considering how many companies there are in Texas. The company information shown below could help you pick which car insurance companies you want to consider when comparing rate quotes.

Top 10 Lubbock Car Insurance Companies Ranked by Customer Satisfaction

  1. USAA - 91%
  2. AAA Insurance - 90%
  3. Esurance - 90%
  4. Mercury Insurance - 89%
  5. Nationwide - 89%
  6. Travelers - 88%
  7. Progressive - 88%
  8. Safeco Insurance - 88%
  9. State Farm - 88%
  10. Allstate - 88%

Affordable insurance premiums are possible

We just presented some good ideas how to save on Volvo XC70 insurance in Lubbock. The most important thing to understand is the more quotes you get, the better your comparison will be. Consumers could even find that the most savings is with some of the smallest insurance companies. Regional companies can often insure niche markets at a lower cost compared to the large companies like Allstate, GEICO and Progressive.

Cheaper insurance in Lubbock can be found on the web and also from your neighborhood Lubbock agents, and you should compare price quotes from both to have the best selection. Some insurance companies may not have price quotes online and these regional carriers sell through independent agents.

Steps to finding affordable quotes for Volvo XC70 insurance in Lubbock

If you want to save money, the best way to get more affordable Volvo XC70 insurance in Lubbock is to do a yearly price comparison from insurers that sell auto insurance in Texas. This can be done by completing these steps.

First, read about how companies set rates and the factors you can control to keep rates low. Many risk factors that result in higher prices such as speeding tickets, careless driving and a poor credit score can be remedied by making minor changes to your lifestyle.

Second, obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive or Farmers Insurance, while agents who are independent can quote prices from multiple sources.

Third, compare the new rates to your current policy to determine if switching companies saves money. If you find better rates, make sure there is no lapse in coverage.

Fourth, tell your current agent or company to cancel your current car insurance policy. Submit a completed policy application and payment to your new carrier. Once the application is submitted, keep the new proof of insurance certificate in your glove compartment.

One thing to remember is to use similar deductibles and liability limits on every quote request and and to compare as many car insurance companies as possible. Doing this ensures an accurate price comparison and a complete price analysis.

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