Affordable Insurance for a Volvo V50 in Lubbock

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Insurance for Volvo V50Are you doing reasearch to find the cheapest Volvo V50 insurance in Lubbock? Getting cheap Lubbock Volvo V50 insurance quotes may be overwhelming for consumers who are new to buying insurance on the web. With so many online companies, how can you have a chance to compare them all to find better auto insurance prices?

It's an obvious assumption that auto insurance companies don't want policyholders to compare prices from other companies. Consumers who shop for lower prices are likely to switch to a new company because there is a good chance of finding lower rate quotes. A recent auto insurance study discovered that consumers who shopped around saved $72 a month as compared to drivers who never compared prices.

If finding discount rates on Volvo V50 insurance in Lubbock is your objective, then knowing the best ways to find and compare insurance can help simplify the task of finding more affordable coverage.

The easiest way to get rate comparisons for Volvo V50 insurance in Lubbock is to know the fact most insurance companies have advanced systems to give free rates quotes. To get started, all you need to do is give them rating details like what your job is, any included safety features, driver ages, and if you went to college. The data is instantly provided to multiple insurance providers and you get price estimates very quickly.

If you would like to compare rates now, click here and complete the form.

The providers in the list below offer price comparisons in Lubbock, TX. To locate the cheapest car insurance in Texas, it's a good idea that you get rates from several of them in order to find the lowest rates.

Auto insurance is not optional in Texas

Even though it's not necessarily cheap to insure a Volvo in Lubbock, insuring your vehicle is mandatory in Texas but it also protects more than you think.

  • Most states have mandatory insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability in order to drive the car. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If your V50 has a lienholder, almost all lenders will require that you have insurance to guarantee payment of the loan. If you do not pay your insurance premiums, the lender will be forced to insure your Volvo at a significantly higher premium and force you to pay for it.
  • Insurance safeguards both your Volvo V50 and your assets. Insurance will also pay for many types of medical costs for you, your passengers, and anyone else injured in an accident. Liability insurance also covers legal expenses in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, your auto insurance policy will cover the repair costs.

The benefits of having auto insurance outweigh the cost, especially when you need to use it. On average, a vehicle owner in Lubbock is overpaying more than $825 a year so you should quote rates at every policy renewal to save money.

Data for Volvo V50 insurance

The price information displayed next showcases estimates of insurance premium costs for Volvo V50 models. Having knowledge of how insurance policy premiums are formulated can help customers make smart policy decisions.

Volvo V50 Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
V50 2.4I $356 $788 $496 $30 $148 $1,818 $152
V50 AWD T5 R-Design $356 $908 $496 $30 $148 $1,938 $162
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Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Information does not factor in specific Lubbock garaging location which can alter coverage rates greatly.

Physical damage deductible comparison

One of the more difficult decisions when buying auto insurance is which deductibles should you choose. The following insurance rates can help you understand the price difference between low and high physical damage deductibles. The first pricing table uses a $100 physical damage deductible and the second price grid uses a $1,000 deductible.

Volvo V50 insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
V50 2.4I $370 $698 $382 $22 $114 $1,611 $134
V50 AWD T5 R-Design $370 $804 $382 $22 $114 $1,717 $143
Get Your Own Custom Quote Go
Volvo V50 insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
V50 2.4I $206 $368 $382 $22 $114 $1,092 $91
V50 AWD T5 R-Design $206 $424 $382 $22 $114 $1,148 $96
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Estimates do not factor in zip code location which can alter coverage rates greatly.

Using the data above, we can ascertain that using a $100 deductible will cost in the ballpark of $45 more each month or $540 for a full year averaged for all V50 models than opting for the higher $1,000 deductible. Because you would be required to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you have at least 20 months between claim filings, you would probably come out ahead if you elect the higher deductible.

Volvo V50 insurance discounts in Lubbock

Insurance is neither fun to buy or cheap, but you might find some hidden discounts that can drop the cost substantially. Some discounts will apply when you quote, but lesser-known reductions have to be manually applied prior to receiving the credit.Save money with discounts

  • Lower Rates for Military - Having a family member in the military could qualify you for better prices.
  • Accident Forgiveness Coverage - This one isn't a discount, but some insurance companies will allow you to have one accident before they charge you more for coverage so long as you are claim-free prior to the accident.
  • Student Discounts - A discount for being a good student can save 20 to 25%. Most companies allow this discount up to age 25.
  • Good Drivers - Accident-free drivers may save up to 50% more than drivers with accidents.
  • Theft Prevention Discount - Vehicles that have factory alarm systems and tracking devices help deter theft and will qualify for a discount on a Lubbock auto insurance quote.
  • Payment Discounts - If you pay your entire premium ahead of time rather than spreading payments over time you can avoid the installment charge.
  • Discount for Passive Restraints - Vehicles equipped with air bags or motorized seat belts may qualify for discounts of more than 20%.
  • Accident Free - Insureds who avoid accidents and claims can earn big discounts in comparison with drivers with a long claim history.
  • Defensive Driver Discount - Participating in a class that teaches defensive driver techniques may get you a small discount and easily recoup the cost of the course.
  • Discounts for Seat Belt Usage - Drivers who always wear seat belts and also require passengers to buckle up before driving can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.

You should keep in mind that most discount credits are not given to the whole policy. Some only apply to the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like all those discounts means the company will pay you, you're out of luck.

The diagram below compares Volvo V50 auto insurance rates with and without discounts applied to the policy rates. The data assumes a female driver, no claims or driving violations, Texas state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-policy, multi-car, claim-free, and marriage discounts applied.

A list of insurance companies and a summarized list of policyholder discounts can be found below.

  • State Farm discounts include defensive driving training, safe vehicle, Steer Clear safe driver discount, good student, accident-free, and anti-theft.
  • American Family may include discounts for air bags, TimeAway discount, good student, good driver, Steer into Savings, defensive driver, and multi-vehicle.
  • GEICO has discounts for five-year accident-free, multi-policy, federal employee, emergency military deployment, and daytime running lights.
  • 21st Century may offer discounts for air bags, early bird, student driver, driver training, and anti-lock brakes.
  • Progressive may have discounts that include good student, homeowner, multi-vehicle, multi-policy, and online signing.

Before purchasing a policy, check with each insurance company which credits you are entitled to. A few discounts may not apply to policies in your state. For a list of companies with significant discounts in Texas, follow this link.

Exclusive or independent auto insurance agents

Certain consumers prefer to sit down and talk to an agent and we recommend doing that A nice benefit of comparing rate quotes online is you can get cheap car insurance rates and still buy from a local agent. Buying from and supporting neighborhood insurance agencies is definitely important in Lubbock.

Find insurance agent in LubbockAfter filling out this form (opens in new window), your insurance data gets sent to participating agents in Lubbock who will gladly provide quotes for your insurance coverage. You won't need to find an agent on your own because prices are sent instantly to you. You'll get the best rates and work with a local agent. If you wish to get a comparison quote for a specific company, you just need to visit that company's website and give them your coverage information.

Selecting an provider should include more criteria than just the premium amount. Before buying a policy in Lubbock, get answers to these questions.

  • If your car is in the repair shop, do you have coverage for a rental car?
  • Does the agency have a positive business rating?
  • Does the agency provide any after hours assistance?
  • When do they do a full risk review?
  • Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
  • Is vehicle mileage a factor when determining depreciation for repairs?
  • Which companies do they recommend if they are an independent agency?

You are unique and your car insurance should be too

When choosing coverage online or from an agent for your personal vehicles, there really isn't a "best" method to buy coverage. Everyone's situation is unique.Drive safe and save

Here are some questions about coverages that may help you determine whether or not you might need an agent's assistance.

  • Am I covered when driving a rental car?
  • If my car is totaled with they pay enough to replace it?
  • Are rock chip repairs covered?
  • Is my custom stereo system covered?
  • Are all vehicle passengers covered by medical payments coverage?
  • Do I need to call my car insurance company before buying a new car?
  • What is the difference between comprehensive and collision coverage?
  • Do they offer discounts for home and auto coverage?

If it's difficult to answer those questions, you may need to chat with a licensed insurance agent. If you don't have a local agent, take a second and complete this form.

Texas car insurance company ratings

Insuring your vehicle with the right car insurance provider is hard considering how many different companies sell coverage in Lubbock. The company rank data in the lists below can help you select which car insurance companies you want to consider when comparing rate quotes.

Top 10 Lubbock Car Insurance Companies Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance

Top 10 Lubbock Car Insurance Companies Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

Cover all your bases

People leave their current company for a variety of reasons including poor customer service, delays in responding to claim requests, policy cancellation and even high prices. Regardless of your reason for switching companies, finding a new auto insurance company is pretty easy and you might even save some money in the process.

Lower-priced Volvo V50 insurance in Lubbock can be bought from both online companies and with local Lubbock insurance agents, and you need to comparison shop both so you have a total pricing picture. Some companies don't offer rates over the internet and these smaller providers sell through independent agents.

When buying insurance coverage, it's not a good idea to sacrifice coverage to reduce premiums. There are too many instances where an insured dropped uninsured motorist or liability limits only to discover later they didn't have enough coverage. Your goal should be to buy the best coverage you can find at the best price and still be able to protect your assets.

Steps to buying cheaper Volvo V50 insurance in Lubbock

Really, the only way to save on Volvo V50 insurance is to compare quotes annually from insurers who provide auto insurance in Lubbock.

  1. Try to understand car insurance and the measures you can take to keep rates low. Many factors that are responsible for high rates like traffic tickets, fender benders, and an unfavorable credit rating can be amended by improving your driving habits or financial responsibility.
  2. Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from one company like GEICO or Allstate, while independent agents can provide rate quotes from multiple sources.
  3. Compare the quotes to your existing policy and see if you can save money. If you find a lower rate and change companies, make sure coverage is continuous and does not lapse.
  4. Provide proper notification to your current company to cancel your current car insurance policy and submit the signed application along with the required initial payment to your new carrier. Immediately upon receiving it, place the new certificate verifying coverage somewhere easily accessible.

The critical component of shopping around is to try to use the same deductibles and limits on every quote and and to get quotes from all possible companies. This ensures a level playing field and a complete selection of prices.

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