Car Insurance Rate Quotes for a Volvo S80 in Lexington

Unbelievable but true, most auto insurance policyholders have purchased from the same company for at least the last four years, and virtually 40% of consumers have never compared rates to find affordable insurance. Many drivers in Lexington could pocket 30% a year just by comparing rates, but they just don’t understand the amount of money they would save if they switched to a more affordable policy.

To save the most money, the best way to find affordable Volvo S80 insurance is to annually compare prices from insurance carriers that sell auto insurance in Lexington.

1. Try to learn about policy coverages and the factors you can control to prevent expensive coverage. Many rating criteria that increase rates such as traffic tickets, fender benders, and a negative credit history can be eliminated by being financially responsible and driving safely. Keep reading for the details to help reduce prices and get bigger discounts.
2. Compare rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from one company like GEICO or Farmers Insurance, while independent agents can provide rate quotes from many different companies. Start a quote
3. Compare the quotes to the premium of your current policy to see if cheaper S80 coverage is available in Lexington. If you find better rates and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
4. Provide adequate notice to your current company of your intent to cancel your current coverage and submit any necessary down payment along with the completed application for the new policy. As soon as you have the new policy, place your new certificate of insurance with your vehicle’s registration.

A good tip to remember is that you’ll want to compare identical deductibles and limits on each price quote and to quote with as many different insurance providers as possible. This guarantees a fair rate comparison and a good representation of prices.

Locating the most cost-effective car insurance policy in Lexington is not that difficult. If you are insured now, you will definitely be able to get lower rates using the techniques presented in this article. Drivers only need an understanding of the most time-saving way to buy car insurance over the internet.

Volvo S80 insurance discounts in Lexington

Some insurance providers don’t always publicize all their discounts in a way that’s easy to find, so we break down a few of the more well known as well as some of the hidden discounts that you can inquire about if you buy Lexington auto insurance online.

• No Claim Discounts – Lexington drivers who stay claim-free can save substantially as opposed to frequent claim filers.
• E-sign Discounts – A handful of insurance companies will provide an incentive for buying a policy and signing up on the internet.
• Responsible Drivers – Drivers who avoid accidents may save up to 50% more as compared to drivers with claims.
• Seat Belts Save – Drivers who always wear seat belts and also require passengers to wear their seat belts can save 10% or more off the medical payments premium.
• Active Service Discounts – Having an actively deployed family member could be rewarded with lower insurance rates.
• Distant Student Discount – Youth drivers who are enrolled in a college that is more than 100 miles from Lexington and do not have a car may be insured at a cheaper rate.
• Own a Home – Owning your own home or condo can save a few bucks because of the fact that having a home shows financial diligence.

You can save money using discounts, but some of the credits will not apply to the overall cost of the policy. Most only reduce specific coverage prices like collision or personal injury protection. Even though the math looks like all those discounts means the company will pay you, companies wouldn’t make money that way.

The illustration below illustrates the difference between Volvo S80 insurance premiums with and without policy discounts. The rates are based on a female driver, no tickets, no at-fault accidents, Kentucky state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, claim-free, multi-policy, homeowner, and multi-car discounts applied.

A list of companies and some of their more popular discounts can be read below.

• Farmers Insurance has discounts for pay in full, early shopping, bundle discounts, business and professional, alternative fuel, youthful driver, and electronic funds transfer.
• State Farm offers discounts including defensive driving training, safe vehicle, Steer Clear safe driver discount, student away at school, and multiple autos.
• Liberty Mutual policyholders can earn discounts including good student, newly retired, safety features, exclusive group savings, new graduate, and new move discount.
• MetLife may offer discounts for multi-policy, good student, good driver, defensive driver, and claim-free.
• Progressive offers discounts for multi-policy, multi-vehicle, homeowner, online quote discount, good student, online signing, and continuous coverage.

When quoting, ask every company to give you their best rates. All car insurance discounts may not apply to policies in your state.

How much does Volvo S80 insurance in Lexington, Kentucky cost?

The companies shown below have been selected to offer price quotes in Lexington, KY. If multiple companies are listed, it’s highly recommended you visit two to three different companies to get a more complete price comparison.

Coverage information

The price information displayed below outlines a range of insurance rates for Volvo S80 models. Having insight into how insurance rates are figured can help you make smart choices when buying a policy.

Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Information does not factor in your specific Lexington location which can increase or decrease premium rates greatly.

Physical damage deductible comparison

When shopping for auto insurance, a common question is which deductibles should you choose. The data tables below illustrate the rate difference between high and low deductibles. The first rate comparisons uses a $250 deductible for comprehensive and collision coverage and the second set of rates uses a $1,000 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Estimates do not factor in specific location which can revise rates considerably.

Based on the data above, we can derive that using a $250 deductible will cost in the ballpark of $32 more each month or $384 a year averaged for all S80 models than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have more than 23 months between claim filings, you would probably save some money if you choose a higher deductible.

The diagram below illustrates how your choice of deductibles and can impact Volvo S80 yearly insurance costs for different ages of insureds. The rate quotes are based on a single male driver, full physical damage coverage, and no discounts are factored in.

Comparison of full coverage and liability-only policies

The information below shows the difference between Volvo S80 insurance prices with full coverage compared to only the Kentucky minimum liability coverage. The rates are based on a clean driving record, no claims, $500 deductibles, single status, and no discounts are applied.

Should you be buying full coverage?

There is no written rule to drop comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is more than 10% of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let’s pretend your Volvo S80 replacement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $2,000 after you pay the deductible. If you are currently paying more than $200 a year to have full coverage, then it might be time to consider dropping full coverage.

There are a few situations where buying only liability insurance is not recommended. If you haven’t satisfied your loan, you must maintain physical damage coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Choices You Make Can Impact Your Insurance Premiums

Multiple criteria are part of the calculation when you get a price on insurance. Some of the criteria are obvious such as traffic violations, but other criteria are more transparent like your vehicle usage or how safe your car is. An important part of buying insurance is that you know some of the things that help determine the price you pay for insurance. When you understand what influences your rates, this enables you to make decisions that could result in cheaper rates.

The itemized list below are some of the items companies use to determine your premiums.

• Lower rates for married couples – Your spouse may earn you lower rates when shopping for insurance. Marriage translates into being more responsible and insurance companies like that married couples file fewer claims.

• Prices go up with performance – The type of car you are insuring makes a big difference in the rate you pay. The lowest premiums will normally be found when insuring low performance passenger models, but your final cost has many other factors.

  The following chart is based on a married female driver age 50, full coverage with $500 deductibles, and no discounts or violations. It illustrates Volvo S80 insurance premiums compared to other vehicles that have a range of performance rating factors.

• Safer occupants lowers insurance rates – Vehicles with good safety scores tend to have lower insurance rates. Highly rated vehicles protect occupants better and fewer serious injuries means your insurance company pays less passed on to you as lower rates.
• No insurance policy gaps is important – Having a lapse in insurance coverage can be a sure-fire way to drive up your policy premiums. Not only will rates go up, getting caught without coverage may earn you a hefty fine and possibly a revoked license. You may then be required to file a SR-22 with the Kentucky motor vehicle department.
• The more you drive the more you pay – The more you drive your Volvo every year the more you’ll pay to insure your vehicle. A lot of insurance companies charge rates partially by how you use the vehicle. Cars that are left in the garage receive lower rates as compared to vehicles used primarily for driving to work. Incorrect rating for your S80 is throwing money out the window. It’s always a good idea to double check that your insurance coverage properly reflects how each vehicle is driven, because it can save money.

• Obey driving laws and save – A bad driving record can have a huge impact on auto insurance premiums. Even one citation could increase your next policy renewal by twenty percent. Attentive drivers tend to pay less for car insurance than their less careful counterparts. Drivers unfortunate enough to have license-revoking tickets like hit and run, DWI or reckless driving convictions may find that they have to to file a SR-22 with their state in order to prevent their license from being revoked.

  The information below demonstrates how speeding tickets and accidents influence Volvo S80 car insurance costs for different age groups. The price estimates are based on a single female driver, comp and collision included, $1,000 deductibles, and no other discounts are factored in.

• Volvo S80 historical loss data – Insurers study historical loss data when they set coverage costs for each model. Vehicles that tend to have higher loss trends will have a higher cost to insure. The next table shows the actual insurance loss data for Volvo S80 vehicles.

  For each policy coverage type, the loss probability for all vehicles averaged together is set at 100. Numbers under 100 are indicative of better than average losses, while numbers above 100 show a trend for more claims or an increased chance of larger losses than average.

  
  

  Insurance Loss Ratings for Volvo S80 Vehicles

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Volvo S80 4dr 2WD	82
  Volvo S80 4dr 4WD	93

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

When should I have guidance from an insurance agent?

Many drivers still prefer to talk to an insurance agent and often times that is recommended Most agents can point out coverage gaps and help you file claims. One of the great benefits of comparing insurance prices online is that you can obtain the lowest rates but also keep your business local.

Upon completion of this simple form, the quote information is emailed to local insurance agents that give free quotes to get your business. You won’t even need to leave your computer since price quotes are sent straight to your inbox. In the event you want to get a rate quote from a specific auto insurance provider, just find their quoting web page and fill out the quote form the provide.

Picking an company needs to be determined by more than just the bottom line cost. Before buying a policy in Lexington, get answers to these questions.

• Does the agency have a positive business rating?
• Do clients work directly with the agent or are most inquiries handled by a CSR?
• How is replacement cost determined on your vehicle?
• Do they carry Errors and Omissions coverage?
• Are they giving you every discount you deserve?

Listed below are Lexington insurance companies willing to provide price quotes for Volvo S80 insurance in Lexington.

View more Lexington agents

Why you need insurance for your S80

Despite the high insurance cost for a Volvo S80 in Lexington, paying for car insurance is a good idea for several reasons.

• Almost all states have minimum liability requirements which means state laws require specific minimum amounts of liability insurance coverage if you drive a vehicle. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If your S80 has a loan, almost every bank will force you to have insurance to protect their interest in the vehicle. If the policy lapses, the lender may have to buy a policy to insure your Volvo for a much higher rate and require you to fork over for it.
• Car insurance protects both your vehicle and your assets. It also can pay for many types of medical costs for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance also pays for attorney fees and expenses if you are named as a defendant in an auto accident. If you have damage to your Volvo as the result of the weather or an accident, your policy will cover the damage repairs after a deductible is paid.

The benefits of carrying adequate insurance greatly outweigh the cost, especially when you need to use it. But the average American driver overpays more than $850 per year so compare quotes from several companies at every renewal to make sure the price is not too high.

Smart consumers save more

More affordable auto insurance in Lexington can be found from both online companies and with local Lexington insurance agents, so you need to quote Lexington auto insurance with both to have the best rate selection. Some companies may not provide the ability to get quotes online and most of the time these regional insurance providers sell through independent insurance agents.

When searching for cheaper Lexington auto insurance quotes, it’s not a good idea to reduce coverage to reduce premium. There are many occasions where an insured dropped collision coverage only to regret that saving that couple of dollars actually costed them tens of thousands. Your goal should be to get the best coverage possible at a price you can afford.

We’ve covered quite a bit of information on how to compare Volvo S80 insurance premium rates in Lexington. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding low cost Lexington auto insurance quotes. You may even discover the best price on auto insurance is with a lesser-known regional company. Some small companies can often insure niche markets at a lower cost than their larger competitors like State Farm, GEICO and Nationwide.

Additional detailed information can be found at these sites:

• Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
• Who Has Affordable Car Insurance Rates for a Toyota Camry in Lexington? (FAQ)
• What Car Insurance is Cheapest for Nurses in Lexington? (FAQ)
• Who Has Cheap Auto Insurance for a Ford Fusion in Lexington? (FAQ)
• Who Has the Cheapest Auto Insurance for Drivers with a DUI in Lexington? (FAQ)
• Choosing an Insurance Company (Insurance Information Institute)
• Credit Impacts Car Insurance Rates (State Farm)
• Understanding Rental Car Insurance (Insurance Information Institute)
• Information for Teen Drivers (GEICO)