Want to know an easy way to compare more affordable Volvo S80 insurance in Baltimore? There isn’t a single person who likes having to buy car insurance, especially when they know they could find better prices if they shop around.
It’s well known that car insurance companies don’t want policyholders to compare prices from other companies. Consumers who compare price quotes will presumably switch to a new company because they stand a good chance of finding a lower rate. A survey found that people who compared price quotes annually saved as much as $3,450 over four years as compared to drivers who never shopped around for cheaper prices.
If finding the cheapest price on car insurance is why you’re here, then knowing the best way to quote and compare car insurance can make it easier to shop your coverage around.
How to find the cheapest rates for Volvo S80 insurance in Baltimore
If your goal is the lowest price, then the best way to find cheaper Volvo S80 insurance is to annually compare prices from different companies that sell auto insurance in Baltimore.
Step 1: Take a little time to learn about how insurance works and the modifications you can make to keep rates down. Many risk factors that result in higher rates like accidents, careless driving, and an unfavorable credit rating can be controlled by making minor driving habit or lifestyle changes.
Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO or Farmers Insurance, while agents who are independent can give you price quotes from multiple insurance companies. View companies
Step 3: Compare the new rate quotes to your existing rates and determine if cheaper S80 coverage is available in Baltimore. If you can save money and decide to switch, make sure there is no lapse in coverage.
Step 4: Provide notification to your current company to cancel the current policy and submit payment along with a signed and completed policy application to the new company. Immediately store the certificate verifying proof of insurance in your vehicle.
The key thing to know about shopping around is to try to compare similar deductibles and liability limits on each quote and and to look at as many auto insurance providers as possible. Doing this ensures a level playing field and a complete selection of prices.
Numerous insurers battle to insure your vehicles, and it can be difficult to compare rates and uncover the absolute lowest price on Volvo S80 insurance in Baltimore.
If you already have coverage or just want to save money, follow these tips to save money and still get good coverage. Buying the cheapest auto insurance in Baltimore is really quite simple as long as you have a good starting point. Comparison shoppers just have to learn the most effective way to find the lowest price online from multiple companies.
The companies shown below provide price comparisons in Maryland. If you want to find cheap car insurance in Maryland, we recommend you click on several of them in order to get a fair rate comparison.
Car insurance in Maryland serves several purposes
Even though it can be expensive, maintaining insurance is required in Maryland but it also protects you in many ways.
- The majority of states have mandatory liability insurance requirements which means you are required to carry specific limits of liability coverage in order to license the vehicle. In Maryland these limits are 30/60/15 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If your S80 has a lienholder, most banks will require you to buy insurance to guarantee payment of the loan. If you do not pay your insurance premiums, the lender may insure your Volvo at an extremely high rate and make you pay the higher price.
- Car insurance protects both your Volvo S80 and your personal assets. It will also provide coverage for all forms of medical expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, also covers legal expenses if anyone sues you for causing an accident. If your Volvo gets damaged, your car insurance policy will pay to repair the damage.
The benefits of carrying adequate insurance are definitely more than the cost, particularly if you ever have a claim. On average, a vehicle owner in Baltimore is wasting up to $820 a year so it’s very important to do a rate comparison each time the policy renews to help ensure money is not being wasted.
Volvo S80 insurance analysis
The information shown next showcases estimates of policy rates for Volvo S80 models. Learning more about how rates are determined helps drivers make smart choices when purchasing an auto insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S80 3.2 | $292 | $532 | $418 | $24 | $126 | $1,392 | $116 |
| S80 T6 AWD | $292 | $532 | $418 | $24 | $126 | $1,392 | $116 |
| S80 Executive AWD | $292 | $602 | $418 | $24 | $126 | $1,462 | $122 |
| S80 V8 AWD | $322 | $602 | $418 | $24 | $126 | $1,492 | $124 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Estimates do not factor in Baltimore location which can alter auto insurance rates considerably.
Higher deductibles save money
One of the more difficult decisions when buying insurance is where should you set your physical damage deductibles. The comparisons below may help you to understand the cost difference when you buy lower versus higher policy deductibles. The first table uses a $250 comprehensive and collision deductible and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S80 3.2 | $394 | $718 | $406 | $24 | $122 | $1,689 | $141 |
| S80 T6 AWD | $394 | $718 | $406 | $24 | $122 | $1,689 | $141 |
| S80 Executive AWD | $394 | $812 | $406 | $24 | $122 | $1,783 | $149 |
| S80 V8 AWD | $434 | $812 | $406 | $24 | $122 | $1,823 | $152 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S80 3.2 | $320 | $578 | $406 | $24 | $122 | $1,450 | $121 |
| S80 T6 AWD | $320 | $578 | $406 | $24 | $122 | $1,450 | $121 |
| S80 Executive AWD | $320 | $654 | $406 | $24 | $122 | $1,526 | $127 |
| S80 V8 AWD | $354 | $654 | $406 | $24 | $122 | $1,560 | $130 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Estimates do not factor in specific location information which can lower or raise price quotes greatly.
Using the premium rates above, we can conclude that using a $250 deductible costs roughly $21 more each month or $252 a year across all Volvo S80 models than selecting the higher $500 deductible. Since you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to go more than 12 months between claims, you would more than likely save some money going with the higher deductible. Below is how you can make your own decision.
| Average monthly premium for $250 deductibles: | $146 |
| Average monthly premium for $500 deductibles (subtract): | – $125 |
| Monthly savings from raising deductible: | $21 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $21 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 12 months |
The chart below highlights how deductible selection and can impact Volvo S80 insurance costs for different categories of driver ages. The rate quotes are based on a single male driver, full physical damage coverage, and no discounts are factored in.
Insurance premiums based on gender
The example below shows the difference between Volvo S80 auto insurance costs for male and female drivers. The rates are based on no claims or driving citations, comp and collision included, $100 deductibles, marital status is single, and no discounts are applied to the premium.
Full coverage or liability only
The example below shows the difference between Volvo S80 insurance costs when comparing full coverage to liability only. The costs are based on no claims or driving citations, $500 deductibles, single status, and no discounts are factored in.
When to eliminate full coverage
There is no written rule of when to exclude physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than about 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
For example, let’s say your Volvo S80 replacement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $3,000 after paying the physical damage deductible. If you are paying more than $300 a year to have full coverage, then you might want to consider buying only liability coverage.
There are some scenarios where dropping physical damage coverage is not in your best interest. If you haven’t paid off your loan, you must maintain physical damage coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should maintain full coverage.
Baltimore insurance discounts
Insuring your vehicles can cost a lot, but you may be missing some discounts that may help make it more affordable. Certain reductions will be credited at the time of purchase, but some need to be asked about before you get the savings.
- Senior Citizen Rates – Mature drivers could receive a small decrease in premiums.
- Pay Now and Pay Less – By paying your policy upfront rather than paying in monthly installments you can actually save on your bill.
- Distant College Student Discount – Youth drivers who attend college more than 100 miles from Baltimore and don’t have a car may qualify for this discount.
- Driver’s Ed – Reduce the cost of insurance for teen drivers by having them participate in a local driver’s education class in high school.
- Military Deployment Discount – Being on active deployment in the military can result in better premium rates.
Please keep in mind that most credits do not apply to the whole policy. Most only apply to specific coverage prices like comp or med pay. So even though they make it sound like you could get a free insurance policy, that’s just not realistic.
The information below shows the comparison of Volvo S80 car insurance rates with and without discounts being applied to the rates. The price estimates are based on a male driver, no accidents, no driving violations, Maryland state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, homeowner, claim-free, marriage, and safe-driver discounts applied.
A few companies who may offer some of the above discounts may include but are not limited to:
It’s a good idea to ask every prospective company which discounts can lower your rates. Some discounts listed above may not be available everywhere.