Insurance quote for Volvo XC70 in Fort CollinsSick and tired of being strong-armed to pay insurance each month? You have the same problem as the majority of other vehicle owners in Colorado.

Amazingly, about 70% of customers kept buying from the same company for at least the last four years, and nearly 40% of drivers have never compared rates to find cheaper insurance. With the average premium in Colorado being $1,800, drivers can save up to 35% each year by just shopping around, but most tend to underestimate the big savings they would realize if they switched to a more affordable policy. Due to the abundance of choices for buying cheap insurance for a Volvo XC70 in Fort Collins, it can be challenging to pick the most cost effective insurance company.

How to buy Fort Collins Volvo XC70 insurance online

Getting a low cost price on Volvo XC70 insurance is a great way to save money. Drivers just need to take time comparing price quotes provided by online insurance companies.

Comparison shopping price quotes online is easy and it replaces the need to drive to all the different Fort Collins insurance agencies. Quoting Volvo XC70 insurance online reduces the need to sit down with an agent unless you're the type of person who wants the extra assistance only provided by licensed Fort Collins agents. If you prefer, some companies allow you to comparison shop your insurance online but have a local agent actually write the policy.

The following companies can provide free rate quotes in Colorado. If multiple companies are shown, it's a good idea that you visit several of them to get the lowest price.

Volvo XC70 Insurance Cost Estimates in Fort Collins, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $206 $390 $480 $28 $144 $1,248 $104
XC70 T6 AWD 4-Dr $342 $620 $396 $24 $118 $1,500 $125
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Premium amounts do not factor in vehicle garaging location which can revise prices substantially.

Should you buy full coverage?

The information below examines Volvo XC70 insurance costs with full coverage compared to only the Colorado minimum liability coverage. Data assumes no driving violations, no at-fault accidents, $250 deductibles, married female driver, and no policy discounts are applied.

Should you be buying full coverage?

There is no definitive rule of when to drop full coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

For example, let's assume your Volvo XC70 book value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $8,000 after paying your policy deductible. If you are paying in excess of $800 a year for full coverage, then it could be time to drop full coverage.

There are some conditions where buying only liability insurance is not advised. If you still owe a portion of the original loan, you have to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not eliminate full coverage.

Comparison of policy deductibles

When buying auto insurance, a common question is what deductibles to buy. The comparisons below outline the difference in cost when you buy lower versus higher coverage deductibles. The first set of rates uses a $250 comprehensive and collision deductible and the second rate table uses a $500 deductible.

Volvo XC70 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $342 $538 $396 $24 $118 $1,443 $120
XC70 T6 AWD 4-Dr $342 $620 $396 $24 $118 $1,525 $127
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Volvo XC70 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $278 $434 $396 $24 $118 $1,250 $104
XC70 T6 AWD 4-Dr $278 $500 $396 $24 $118 $1,316 $110
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Table data does not factor in Fort Collins location which can influence premium rates noticeably.

Based on these figures, using a $250 deductible will cost you about $17 more each month or $204 each year than selecting the higher $500 deductible. Since the policyholder would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you have at a minimum 15 months between claim filings, you would save more money if you elect the higher deductible. The table below shows the way you can do this calculation yourself.

Average monthly premium for $250 deductibles: $124
Average monthly premium for $500 deductibles (subtract): - $107
Monthly savings from raising deductible: $17
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $17
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One thing to be aware of is that raising deductibles to save money results in a higher out-of-pocket expense when you do file a claim. That will require enough money put aside in order to pay more to get your vehicle repaired.

Why you need quality insurance for your Volvo XC70

Despite the fact that insurance is not cheap in Fort Collins, insuring your vehicle is not optional due to several reasons.

The benefits of buying enough insurance more than cancel out the cost, especially when you need to use it. According to a 2015 survey, the average American driver overpays as much as $800 each year so shop around at every renewal to save money.

Auto insurance companies are expert advertisers

Consumers can't get away from ads that promise big savings by State Farm, Allstate and GEICO. They all state the claim that people will save if you just switch to their company.

How is it plausible that every one can charge you a lower premium? It's all in the numbers.

Many companies provide the lowest rates for the driver that will most likely be profitable. One example of a profitable insured might be over the age of 45, has no driving citations, and drives less than 10,000 miles a year. Someone that hits that "sweet spot" will get the preferred car insurance rates in Fort Collins and will save when switching.

Consumers who are not a match for the requirements will have to pay higher premium rates which usually ends up with business going elsewhere. The trick is to say "people who switch" not "all people who quote" save that much when switching. That's the way insurance companies can confidently make claims that they all have the best prices. This really illustrates why drivers must get a wide range of price quotes. It's just not possible to know which company will be your best fit.

Volvo XC70 insurance discounts in Fort Collins

Car insurance can cost a lot, but there are discounts available that could help you make your next renewal payment. Certain discounts will be applied when you get a quote, but a few must be specially asked for in order for you to get them.Discount auto insurance

While discounts sound great, it's important to understand that some credits don't apply to all coverage premiums. Some only reduce specific coverage prices like medical payments or collision. Even though it may seem like you can get free auto insurance, that's just not realistic. But any discount should help reduce your policy premium.

To see a list of insurers offering auto insurance discounts in Colorado, follow this link.

Local Fort Collins insurance agents

Certain consumers prefer to visit with an insurance agent and doing so can bring peace of mind Licensed agents can answer important questions and give you someone to call. One of the best bonuses of comparing rates online is the fact that drivers can get better rates and still buy from a local agent.

Upon completion of this form (opens in new window), your insurance data is sent to participating agents in Fort Collins who will gladly provide quotes for your business. You don't have to drive around because prices are sent straight to your inbox. If you have a need to compare prices from a specific insurance company, don't hesitate to search and find their rate quote page and fill out the quote form the provide.

Finding the right company should include more criteria than just the bottom line cost. Here are some questions to ask:

How to choose the best car insurance agent in Fort Collins

When finding a local Fort Collins insurance agent, it helps to know the two different agency structures and how they can service your needs differently. Car insurance agents can be described as either independent or exclusive depending on the company they work for. Either one can properly insure your vehicles, but we need to point out the subtle differences because it can impact your agent selection.

Exclusive Car Insurance Agencies

Agents in the exclusive channel normally can only provide a single company's rates such as Allstate and State Farm. They generally cannot place coverage with different providers so you need to shop around if the rates are high. Exclusive agents receive extensive training on their company's products which helps them compete with independent agents.

The following is a short list of exclusive agents in Fort Collins that are able to give rate quotes.

5125 S College Ave b - Fort Collins, CO 80525 - (970) 204-0020 - View Map

1015 S Taft Hill Rd - Fort Collins, CO 80521 - (970) 232-9212 - View Map

5620 Fossil Creek Pkwy Ste 1100 - Fort Collins, CO 80525 - (970) 225-0304 - View Map

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Independent Agents

Independent agencies can sell policies from many different companies so as a result can place your coverage amongst many companies and potentially find a lower price. To transfer your coverage to a different company, your policy is moved internally without you having to go to a different agency.

If you are comparing rate quotes, you will definitely want to get insurance quotes from multiple independent agents to get the best comparison.

The following is a short list of independent agents in Fort Collins willing to provide rate quotes.

2850 McClelland Dr #3000 - Fort Collins, CO 80525 - (970) 207-0600 - View Map

1719 E Mulberry St - Fort Collins, CO 80524 - (970) 663-5811 - View Map

220 Smith St - Fort Collins, CO 80524 - (970) 484-2805 - View Map

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Auto insurance coverages

Learning about specific coverages of a auto insurance policy can be of help when determining the best coverages for your vehicles. Auto insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverages available from auto insurance companies.

Collision - Collision coverage pays to fix your vehicle from damage resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like damaging your car on a curb, rolling your car, backing into a parked car and hitting a parking meter. This coverage can be expensive, so consider dropping it from vehicles that are older. Another option is to bump up the deductible on your XC70 to bring the cost down.

Liability coverages - Liability insurance protects you from damages or injuries you inflict on other people or property that is your fault. This insurance protects YOU against claims from other people, and doesn't cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/15 which stand for $25,000 in coverage for each person's injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $15,000.

Liability can pay for claims like medical expenses, legal defense fees, court costs and repair costs for stationary objects. The amount of liability coverage you purchase is a personal decision, but you should buy as large an amount as possible. Colorado state law requires minimum liability limits of 25/50/15 but you should think about purchasing better liability coverage.

Med pay and Personal Injury Protection (PIP) - Personal Injury Protection (PIP) and medical payments coverage kick in for bills for X-ray expenses, prosthetic devices, chiropractic care, EMT expenses and nursing services. They are used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and also covers any family member struck as a pedestrian. PIP is not available in all states and may carry a deductible

Comprehensive insurance - Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as damage from flooding, fire damage and falling objects. The highest amount you'll receive from a claim is the ACV or actual cash value, so if it's not worth much more than your deductible it's probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM) - This coverage protects you and your vehicle from other motorists when they are uninsured or don't have enough coverage. Covered losses include injuries to you and your family as well as your vehicle's damage.

Since many Colorado drivers carry very low liability coverage limits (Colorado limits are 25/50/15), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

In conclusion

As you quote Fort Collins auto insurance, it's not a good idea to skimp on critical coverages to save a buck or two. There are too many instances where someone sacrificed comprehensive coverage or liability limits only to find out that their decision to reduce coverage ended up costing them more. Your aim should be to buy enough coverage at the best possible price, but don't skip important coverages to save money.

Lower-priced auto insurance in Fort Collins can be found on the web as well as from insurance agents, and you need to price shop both to have the best selection. Some insurance companies may not have the ability to get a quote online and most of the time these smaller companies prefer to sell through independent agencies.

We've covered a lot of ways to get a better price on Volvo XC70 insurance in Fort Collins. The most important thing to understand is the more times you quote, the better your comparison will be. Consumers may even find the biggest savings come from a small local company. These companies often have lower rates on specific markets as compared to the big name companies such as State Farm and Allstate.

More information can be found on the following sites: