How to Save on Volvo S40 Insurance in Irvine

How many years has it been since you compared more competitive Volvo S40 insurance in Irvine? Purchasing budget-priced Irvine Volvo S40 insurance quotes on the web may seem to be problematic for drivers not familiar with buying their car insurance on the internet. With such a large choice of online companies, how can Irvine drivers have a chance to compare all the different companies and get lower car insurance premiums?

Shocking but true, over 70% of consumers have purchased from the same company for at least the last four years, and practically 40% of car insurance customers have never compared rates from other carriers. Many drivers in Irvine can save hundreds of dollars each year by just shopping around, but they just don’t understand how much they could save if they switched to a cheaper policy.

Insurance coverage details

The rate information displayed below showcases detailed analysis of insurance premium costs for Volvo S40 models. Being more informed about how insurance prices are established can aid in making informed decisions.

Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Table data does not factor in vehicle location which can influence auto insurance rates substantially.

Analysis of deductible levels

The hardest decision when buying coverage is which deductibles should you choose. The premium rates below may aid in understanding the costs and benefits of buying low and high coverage deductibles. The first rate comparisons uses a $250 deductible for comp and collision and the second rate chart uses a $1,000 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Estimates do not factor in vehicle location which can lower or raise coverage prices greatly.

Using the premium rates above, we can conclude that using a $250 deductible costs an average of $36 more each month or $432 for a full year averaged for all S40 models than buying the higher $1,000 deductible. Due to the fact that you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at least 21 months between claim filings, you would probably save some money by selecting a higher deductible.

One important issue to know is that higher deductibles results in more money out-of-pocket when you have to file a claim. You need to have some extra savings in the event you have to pay the deductible to have repairs made.

The example below demonstrates how deductible levels and can impact Volvo S40 insurance costs for different age groups. The data is based on a single female driver, full coverage, and no discounts are applied to the premium.

Does full coverage make sense?

The diagram below shows the comparison of Volvo S40 auto insurance rates with full coverage and liability only. The costs are based on no violations or accidents, $500 deductibles, single status, and no discounts are applied.

When to stop buying comprehensive and collision coverage

There is no exact rule for dropping full coverage on your policy, but there is a general convention. If the annual cost of having full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Volvo S40 settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would receive is $8,000 after the deductible is paid. If you are paying more than $800 annually for full coverage, then you may need to consider dropping full coverage.

There are some conditions where dropping physical damage coverage is not advised. If you still owe money on your vehicle, you have to keep full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.

Smart Consumers Save More

Lots of factors are used in the calculation when you quote your car insurance policy. Some are pretty understandable such as traffic violations, although some other factors are more transparent such as your marital status and annual miles driven. A large part of saving on car insurance is knowing a few of the rating criteria that aid in calculating your policy premiums. When you understand what determines base rates, this allows you to make educated decisions that can earn you big savings.

• Males are more aggressive – Statistics demonstrate that men are more aggressive behind the wheel. That doesn’t necessarily mean that women are BETTER drivers than men. They both tend to get into at-fault accidents in similar numbers, but males have accidents that have higher claims. In addition to higher claims, males also get higher numbers of serious violations like driving under the influence (DUI).

  The diagram below illustrates the difference between Volvo S40 insurance rates for male and female drivers. Data assumes no claims or driving violations, full physical damage coverage, $1,000 deductibles, drivers are single, and no other discounts are factored in.

• Lower performance equals lower insurance rates – The make and model of the car you are buying insurance for makes a significant difference in the rate you pay. Lower performance four cylinder passenger cars generally receive the lowest base rates, but there are many factors that impact the final cost.

  The next chart uses these variables: single female driver age 50, full coverage with $100 deductibles, and no discounts or violations. The data compares Volvo S40 policy rates compared to other vehicles that have different performance rating factors.

• Poor driving habits leads to higher prices – Your driving citation history influences premium rates substantially. Just one chargeable violation can increase the cost of insurance to the point where it’s not affordable. Drivers who don’t get tickets have lower premiums than bad drivers. Drivers unfortunate enough to have multiple violations such as DUI or willful reckless driving may need to submit a SR-22 form with their state in order to prevent their license from being revoked.

  The chart below illustrates how speeding tickets and fender-benders raise Volvo S40 car insurance rates for different age groups of insureds. The premiums assume a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.

• Lower premiums with theft deterrents – Choosing to buy a car with a theft deterrent system can help lower your premiums. Theft prevention features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart your vehicle from being stolen.
• Multiple policies with one company – The majority of insurance companies give a discount for people that have more than one policy such as combining an auto and homeowners policy. The discount can be ten or even fifteen percent. Even though this discount sounds good, drivers will still want to check prices from other companies to verify if the discount is saving money. You may still be able to save even more by insuring with multiple companies.

California car insurance companies ranked

Selecting the top car insurance provider can be difficult considering how many companies there are to choose from in California. The ranking information listed below may help you decide which coverage providers to look at purchasing coverage from.

Top 10 Irvine Car Insurance Companies Ranked by Claims Service

1. AAA of Southern California
2. State Farm
3. Esurance
4. AAA Insurance
5. Progressive
6. Liberty Mutual
7. GEICO
8. Allstate
9. Titan Insurance
10. The Hartford

Top 10 Irvine Car Insurance Companies Ranked by Value

1. USAA
2. American Family
3. The Hartford
4. AAA of Southern California
5. Titan Insurance
6. The General
7. AAA Insurance
8. State Farm
9. Mercury Insurance
10. Nationwide

Quote often and quote early

Some car insurance companies may not provide the ability to get quotes online and most of the time these regional carriers sell through independent insurance agents. Cheap Volvo S40 insurance in Irvine is available both online in addition to many Irvine insurance agents, so you should compare both in order to have the best chance of saving money.

When getting Irvine car insurance quotes online, it’s very important that you do not buy less coverage just to save a little money. There have been many cases where someone sacrificed liability coverage limits only to find out they didn’t purchase enough coverage. Your focus should be to buy a smart amount of coverage at an affordable rate.

In this article, we covered many ideas to get a better price on Volvo S40 insurance in Irvine. The most important thing to understand is the more companies you get premium rates for, the better likelihood of getting affordable Volvo S40 insurance quotes. Consumers could even find that the most savings is with a smaller regional carrier.

How to buy low-cost Volvo S40 insurance in Irvine

If you want to find the absolute lowest rates, then the best way to find low-cost prices for car insurance rates in Irvine is to start doing a yearly price comparison from companies who can sell car insurance in California. This can be done by following these guidelines.

• First, read and learn about the different coverages in a policy and the measures you can take to keep rates in check. Many policy risk factors that result in higher prices like multiple speeding tickets and a bad credit score can be amended by paying attention to minor details.
• Second, compare rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive or Farmers Insurance, while independent agencies can provide price quotes from many different companies.
• Third, compare the price quotes to your existing coverage to see if switching to a new carrier will save money. If you can save money and buy the policy, make sure there is no coverage gap between policies.

The key aspect of shopping around is to use identical coverages on every quote and and to get rate quotes from as many different companies as possible. This guarantees a level playing field and a complete price analysis.

Additional resources

• Understanding your Policy (NAIC.org)
• Who Has Cheap Irvine Auto Insurance for Ride Shares? (FAQ)
• What Insurance is Cheapest for Uber Drivers in Irvine? (FAQ)
• What Car Insurance is Cheapest for a Learners Permit in Irvine? (FAQ)
• Who Has Affordable Irvine Auto Insurance Quotes for Drivers Over Age 70? (FAQ)
• Who Has the Cheapest Irvine Car Insurance for a Honda Accord? (FAQ)
• Older Driver Statistics (Insurance Information Institute)
• Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
• Side Impact Crash Tests (iihs.org)