The recommended way to find cheaper quotes for Volvo C70 insurance in Baltimore is to make a habit of regularly comparing prices from insurance carriers in Maryland. You can shop around by following these steps.
Step 1: Get an understanding of the different coverages in a policy and the steps you can take to lower rates. Many policy risk factors that result in higher rates like at-fault accidents, speeding tickets, and an unfavorable credit rating can be controlled by making minor changes to your lifestyle.
Step 2: Obtain price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like Progressive or State Farm, while independent agents can quote rates from multiple sources.
Step 3: Compare the new quotes to your existing policy to determine if switching companies saves money. If you find a lower rate quote, make sure there is no lapse between the expiration of your current policy and the new one.
Step 4: Notify your company or agent of your intent to cancel your current policy and submit payment along with a signed and completed policy application for your new policy. Don’t forget to keep your new certificate of insurance in your glove compartment.
One tip to remember is to make sure you’re comparing the same physical damage deductibles and liability limits on each quote request and and to get prices from as many companies as feasibly possible. This provides an apples-to-apples comparison and the best price selection.
It goes without saying that insurance companies don’t want you to look at other companies. Consumers who get price quotes annually are likely to switch companies because they stand a good chance of finding a lower-cost company. A recent survey found that people who routinely shopped for cheaper coverage saved over $3,400 over four years as compared to drivers who don’t make a habit of comparing rates.
If finding discount rates on car insurance in Baltimore is why you’re reading this, learning the best ways to find and compare insurance rates can help make the process easier and more efficient.
The quickest way to get policy rate comparisons for Volvo C70 insurance in Baltimore utilizes the fact most of the bigger providers participate in a system to compare rate quotes. To begin a comparison, all you need to do is provide details like whether the vehicles are used for commuting, if you require a SR-22, if you went to college, and types of safety features. Your rating data is then sent to insurance companies and you should receive rate quotes very quickly.
To get price quotes for your Volvo C70 now, click here and complete the form.
The companies in the list below offer comparison quotes in Baltimore, MD. If your goal is to find the best cheap auto insurance in Maryland, it’s a good idea that you visit as many as you can to get the most competitive price.
Save a ton on Volvo C70 insurance in Baltimore with these discounts
Insuring your vehicles can cost a lot, but there may be some discounts that can drop the cost substantially. Certain reductions will be credited at the time of quoting, but a few need to be specifically requested before being credited.
- One Accident Forgiven – This isn’t a discount exactly, but certain companies will let one accident slide before hitting you with a surcharge as long as you don’t have any claims for a set time period.
- New Car Discount – Insuring a new C70 may earn a small discount because new vehicles keep occupants safer.
- Defensive Driver Discounts – Taking part in a defensive driver class could earn you a small percentage discount depending on where you live.
- Multi-Vehicle Discounts – Purchasing coverage when you have primary and secondary vehicles with the same insurance company can reduce rates for all insured vehicles.
- Good Students Pay Less – Getting good grades may save as much as 25% on a Baltimore auto insurance quote. Most companies allow this discount up to age 25.
- Seat Belts Save more than Lives – Drivers who require all vehicle occupants to wear their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
A quick disclaimer, many deductions do not apply to the entire cost. A few only apply to individual premiums such as collision or personal injury protection. Even though the math looks like all those discounts means the company will pay you, company stockholders wouldn’t be very happy.
The example below illustrates the difference between Volvo C70 insurance costs with and without discounts applied to the policy premium. The rate quotes are based on a male driver, no claims or driving violations, Maryland state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, multi-car, safe-driver, claim-free, and homeowner discounts applied.
A few popular companies and the discounts they provide include:
- State Farm discounts include anti-theft, multiple policy, good driver, accident-free, defensive driving training, safe vehicle, and student away at school.
- American Family has savings for early bird, multi-vehicle, bundled insurance, air bags, and TimeAway discount.
- AAA may have discounts that include good driver, multi-policy, education and occupation, AAA membership discount, and pay-in-full.
- GEICO policyholders can earn discounts including driver training, defensive driver, multi-policy, anti-lock brakes, and daytime running lights.
- Mercury Insurance offers discounts for anti-theft, location of vehicle, multi-policy, good driver, good student, and professional/association.
- Farmers Insurance may include discounts for switch companies, business and professional, early shopping, electronic funds transfer, mature driver, and distant student.
- Progressive offers discounts including online signing, multi-vehicle, good student, multi-policy, and homeowner.
Before purchasing a policy, check with all companies you are considering the best way to save money. A few discounts might not be offered everywhere. To view insurance companies who offer free Volvo C70 insurance quotes in Maryland, follow this link.
Data for Volvo C70 insurance
The data table displayed next covers detailed analysis of coverage prices for Volvo C70 models. Having knowledge of how insurance quotes are determined can be of help when making informed decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| C70 T5 2-Dr Convertible | $304 | $618 | $252 | $14 | $76 | $1,264 | $105 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Premium amounts do not factor in specific location which can lower or raise prices greatly.
Deductible analysis
One frequently asked question is how high should the physical damage coverage deductibles be. The comparisons below can help you understand the cost difference when you buy lower versus higher physical damage coverage deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| C70 T5 2-Dr Convertible | $394 | $744 | $268 | $16 | $80 | $1,527 | $127 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| C70 T5 2-Dr Convertible | $218 | $392 | $268 | $16 | $80 | $974 | $81 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Prices do not factor in specific Baltimore garaging location which can decrease or increase insurance rates substantially.
Based on this data, we can arrive at the conclusion that using a $100 deductible costs roughly $46 more each month or $552 a year than requesting the higher $1,000 deductible. Since you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 20 months between claims, you would more than likely save some money by selecting a higher deductible.
How to determine if raising deductibles makes sense
| Average monthly premium for $100 deductibles: | $127 |
| Average monthly premium for $1,000 deductibles (subtract): | – $81 |
| Monthly savings from raising deductible: | $46 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $46 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 20 months |
One important note is that higher deductibles results in a higher out-of-pocket expense if you have a claim. You should have some extra funds in the event you need to pay the higher deductible.
Illustration showing the impact of accidents and violations
The information below shows how traffic citations and at-fault accidents can influence Volvo C70 car insurance costs for different ages of insureds. The rate quotes are based on a married male driver, full physical damage coverage, $250 deductibles, and no other discounts are factored in.
Male drivers versus female drivers
The chart below shows the comparison of Volvo C70 premium costs for male and female drivers. The price estimates are based on a clean driving record, no at-fault accidents, comp and collision included, $500 deductibles, marital status is single, and no discounts are taken into consideration.
Comparison of full coverage and liability-only policies
The chart below shows the difference between Volvo C70 insurance costs with and without physical damage coverage. Data assumes no driving violations, no at-fault accidents, $100 deductibles, drivers are single, and no additional discounts are factored in.
When to drop comprehensive and collision coverage
There is no clear-cut formula of when to phase out comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than 10% of the settlement you would receive from your company, then it could be time to drop full coverage.
For example, let’s say your Volvo C70 settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $3,000 after paying the physical damage deductible. If you are paying more than $300 annually for your policy with full coverage, then you may need to consider dropping full coverage.
There are some conditions where dropping full coverage is not advised. If you have an outstanding loan on your vehicle, you have to maintain full coverage as part of the loan conditions. 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.
Informed Consumers Save Money
A large part of saving on car insurance is knowing some of the factors that come into play when calculating your premiums. If you know what positively or negatively impacts your premiums, this allows you to make good choices that can earn you cheaper rates.
The items below are some of the most common factors utilized by car insurance companies to help set your prices.
Buy as much liability insurance as you can afford – Your car insurance policy’s liability coverage will afford coverage if you are determined to be liable for an accident. Liability insurance provides legal defense which can cost a lot. Liability insurance is pretty cheap compared to insuring for physical damage coverage, so drivers should carry high limits.
How many coverages with the same company – Most larger companies allow a discount to buyers that purchase more than one policy such as combining an auto and homeowners policy. Discounts can amount to ten or even up to twenty percent in some cases. Even if you already get this discount, it’s in your best interest to get quotes from other companies to help guarantee you have the best rates. You may still save even more by buying car insurance from a different company.
Bad credit will cost you – Having a bad credit score can be an important factor in determining your rates. Therefore, if your credit could use some work, you could potentially save money when insuring your Volvo C70 by taking the time to improve your credit score. Insureds with high credit ratings tend to be more responsible than drivers who have bad credit.
Married drivers pay less – Your spouse helps lower the price on car insurance. Having a significant other is viewed as being less irresponsible and it’s statistically proven that married couples file fewer claims.