Are you searching for lower-priced Volvo XC70 insurance in Colorado Springs? Have you finally had enough of not being able to scrape enough together to pay your auto insurance bill each month? Your situation is no different than many other drivers in Colorado.
Amazingly, 70% of consumers have remained with the same auto insurance company for a minimum of four years, and virtually 40% of consumers have never compared rates from other carriers. With the average premium in Colorado being $1,813, drivers could save 35% every year by just comparing quotes, but they just don't understand the big savings they would realize if they switch to a new company. Due to the increasing number of insurance providers from which to choose, it can be challenging to locate the lowest price auto insurance provider.
It's smart to compare premium rates at least once a year because auto insurance prices are constantly changing. If you had the best rates on Volvo XC70 insurance in Colorado Springs a few years ago you will most likely find a better rate quote today. Block out anything you think you know about auto insurance because we're going to demonstrate the easiest way to eliminate unnecessary coverages and save money on Volvo XC70 insurance in Colorado Springs.
Buying the cheapest car insurance in Colorado Springs is really not that difficult. If you have a current car insurance policy, you will be able to find better prices using these techniques. Comparison shoppers just need to understand the quickest way to shop online.
The companies in the list below offer comparison quotes in Colorado. If the list has multiple companies, we suggest you compare several of them to find the cheapest car insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|XC70 3.2 AWD Station Wagon||$380||$644||$396||$24||$118||$1,562||$130|
|XC70 T6 AWD 4-Dr||$204||$382||$404||$24||$122||$1,136||$95|
|Get Your Own Custom Quote Go|
Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Premium amounts do not factor in garaging location in Colorado Springs which can decrease or increase rates greatly.
Careless Colorado Springs drivers pay higher rates
The information below illustrates how traffic citations and at-fault accidents drive up Volvo XC70 premium costs for different age groups. Data assumes a single female driver, comp and collision included, $250 deductibles, and no discounts are applied.
Colorado Springs insurance discounts for a Volvo XC70
Insuring your fleet can be pricey, but you might be missing out on some discounts to help bring down the price. Many discounts should be triggered when you get a quote, but once in a while a discount must be manually applied prior to receiving the credit.
- E-sign Discounts - A handful of insurance companies give back up to $50 for completing your application on the web.
- Student in College - Kids who live away from home at college without a vehicle on campus may qualify for this discount.
- Buy New and Save - Insuring a vehicle that is new is cheaper because new model year vehicles have to meet stringent safety requirements.
- Low Mileage Discounts - Fewer annual miles on your Volvo can earn cheaper car insurance rates.
- Payment Method - By paying your entire bill at once rather than paying in monthly installments you could save up to 5%.
- Theft Deterrent System - Anti-theft and alarm system equipped vehicles are stolen with less frequency and qualify for as much as a 10% discount.
- Colorado Springs Homeowners Pay Less - Owning a home in Colorado Springs can help you save on car insurance because owning a home is proof that your finances are in order.
Remember that some of the credits will not apply to all coverage premiums. Most cut the cost of specific coverages such as physical damage coverage or medical payments. Despite the appearance that you can get free auto insurance, you're out of luck.
Some companies that possibly offer many of the previously listed discounts include:
When getting a coverage quote, ask each insurance company how many discounts you can get. Discounts may not apply in your area.
When to get advice from an insurance agency
Many drivers still like to sit down with an agent and we recommend doing that Professional insurance agents can point out coverage gaps and give you someone to call. An additional benefit of getting online price quotes is you may find cheaper auto insurance rates but still work with a licensed agent.
After completing this short form, the coverage information is sent to local insurance agents in Colorado Springs who will give competitive quotes for your coverage. It makes it easy because there is no need to even leave your home as quotes are delivered instantly to you. If you want to compare prices from one company in particular, just find their quoting web page and complete a quote there.
Selecting an insurance company should include more criteria than just a cheap quote. The following questions are important to ask.
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- How many companies do they write for?
- Does the agency support the community they serve?
- What kind of financial rating does the company have?
- Do they have cheaper tiers of coverage?
- Can you get a list of referrals?
- How long has the business existed?
- When do they do policy reviews?
If you want to use a local Colorado Springs insurance agency, it can be helpful to understand the types of insurance agents that you can select. Car insurance agents in Colorado Springs can either be independent agents or exclusive agents. Both sell car insurance policies, but it's worth learning the difference in the companies they write for because it may have an impact on the selection process.
Exclusive Insurance Agencies
Agents that elect to be exclusive generally can only insure with one company like State Farm, Allstate, and Farm Bureau. They generally cannot place coverage with different providers so always compare other rates. Exclusive agents receive a lot of sales training on what they offer which helps offset the inability to provide other markets.
Shown below are Colorado Springs exclusive agents who can help you get price quotes.
Independent Agents (or Brokers)
Agents that elect to be independent do not have single company limitations so they can quote policies with a variety of different insurance companies and get the cheapest rates. If they find a cheaper price, they simply switch companies in-house and you can keep the same agent. When shopping rates, it's a good idea to compare prices from independent agents so that you have a good selection of quotes to compare.
Listed below is a short list of independent insurance agencies in Colorado Springs willing to provide comparison quotes.
ALINK Insurance Services- Colorado Springs Location
2407 W Colorado Ave - Colorado Springs, CO 80904 - (719) 473-6262 - View Map
Do I just need basic coverages?
Always keep in mind that when comparing coverage online or from an agent, there isn't really a one-size-fits-all type of policy. Your financial needs are unique and a cookie cutter policy won't apply. For example, these questions might point out if your situation might need an agent's assistance.
- At what point should I drop full coverage?
- If my pet gets injured in an accident are they covered?
- Does liability extend to a camper or trailer?
- How much liability insurance is required?
- When do I need to add a new car to my policy?
- What is no-fault insurance?
- What can I do if my company won't pay a claim?
- Can I insure my car for more than it's worth?
- Are my friends covered when driving my car?
- Can my babysitter drive my car?
If you're not sure about those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier It's fast, free and can help protect your family.
Why do I need car insurance?
Despite the high cost, insuring your vehicle serves a purpose in several ways.
First, the majority of states have compulsory liability insurance requirements which means you are required to buy a specific minimum amount of liability insurance coverage in order to be legal. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
Second, if your car has a loan, most lenders will require that you buy insurance to ensure loan repayment if the vehicle is totalled. If you cancel or allow the policy to lapse, the lender may insure your Volvo for a much higher rate and require you to reimburse them a much higher amount than you were paying before.
Third, auto insurance protects both your assets and your Volvo XC70. It will also provide coverage for medical bills for you, your passengers, and anyone else injured in an accident. Liability insurance also covers legal expenses if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of buying enough insurance are definitely more than the cost, especially if you ever need it. Today the average American driver is overpaying more than $810 a year so we recommend shopping around once a year at a minimum to help ensure money is not being wasted.
Car insurance coverage information
Understanding the coverages of a car insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. Car insurance terms can be difficult to understand and nobody wants to actually read their policy. Shown next are the usual coverages found on the average car insurance policy.
Liability car insurance - Liability insurance will cover damage or injury you incur to other's property or people that is your fault. It protects YOU from claims by other people, and does not provide coverage for damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 25/50/15 that means you have $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and $15,000 of coverage for damaged propery.
Liability insurance covers claims like medical expenses, funeral expenses, structural damage, repair bills for other people's vehicles and emergency aid. How much liability should you purchase? That is a personal decision, but buy as high a limit as you can afford. Colorado requires drivers to carry at least 25/50/15 but you should consider buying better liability coverage.
Comprehensive auto coverage - This pays for damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive can pay for things like rock chips in glass, damage from flooding and a broken windshield. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if it's not worth much more than your deductible consider dropping full coverage.
Collision coverages - This coverage pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things like crashing into a ditch, colliding with another moving vehicle, colliding with a tree, sideswiping another vehicle and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible on your XC70 to get cheaper collision coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage - Your UM/UIM coverage provides protection from other motorists when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle's occupants as well as damage to your Volvo XC70.
Because many people carry very low liability coverage limits (25/50/15), it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
Medical payments and PIP coverage - Coverage for medical payments and/or PIP kick in for immediate expenses such as chiropractic care, EMT expenses and rehabilitation expenses. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers both the driver and occupants as well as any family member struck as a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage
Find cheaper insurance prices by comparing often
In this article, we covered many ideas to find affordable Volvo XC70 insurance in Colorado Springs. The most important thing to understand is the more quotes you get, the higher your chance of finding affordable Volvo XC70 insurance quotes. Consumers may even find the best price on insurance is with a company that doesn't do a lot of advertising. These smaller insurers may only write in your state and offer lower premium rates compared to the large companies like Allstate and Progressive.
There are still a few companies who may not provide the ability to get quotes online and these small insurance companies sell through independent agents. Cost effective Volvo XC70 insurance is attainable online in addition to many Colorado Springs insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money.
Additional information is available on the following sites:
- Eight Auto Insurance Myths (Insurance Information Institute)
- Who Has Affordable Car Insurance Quotes for a Dodge Ram in Colorado? (FAQ)
- Who Has the Cheapest Colorado Car Insurance for Teenage Females? (FAQ)
- Smart Auto Insurance Tips (Insurance Information Institute)
- Collision Coverage (Liberty Mutual)
- Child Safety Seats (Insurance Information Institute)