A recent car insurance study discovered that almost 70% of insureds in Arizona renewed their policy with the same company for well over three years, and just short of a majority have never compared rate quotes at all. Many consumers in America could save about 46.5% every year just by comparing rates, but they mistakenly think it’s difficult to compare rate quotes online.
The best way we recommend to get budget Volvo V60 insurance in Scottsdale is to annually compare prices from providers who provide car insurance in Arizona. Drivers can shop around by following these guidelines.
First, take a few minutes and learn about how auto insurance works and the measures you can take to lower rates. Many rating criteria that cause high rates like high-risk driving behaviors and a less-than-favorable credit rating can be controlled by making small lifestyle or driving habit changes.
Second, request rate estimates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can provide rates from one company like Progressive or State Farm, while independent agents can quote rates from multiple companies. Select a company
Third, compare the new quotes to the price on your current policy to determine if switching companies saves money. If you find better rates and make a switch, make sure coverage does not lapse between policies.
The most important part of this process is to try to compare the same level of coverage on each quote and and to analyze as many car insurance companies as possible. Doing this helps ensure an accurate price comparison and and a good selection of different prices.
Six factors that affect insurance prices
Part of the insurance buying process is learning some of the elements that play a part in calculating your insurance rates. If you have some idea of what determines base rates, this enables you to make decisions that could result in better insurance rates. Multiple criteria are part of the calculation when you quote your car insurance policy. A few of the factors are predictable like a motor vehicle report, although some other factors are more transparent like your continuous coverage or how safe your car is.
Small coverages can add up – There are many additional extra coverages that you can get tricked into buying if you aren’t careful. Coverage for things like roadside assistance, better glass coverage, and extra life insurance coverage may be costing you every month. These may sound like a good investment when deciding what coverages you need, but if you have no use for them consider taking them off your policy.
Better rates with anti-theft devices – Buying a car that has a built-in theft deterrent system can earn a premium discount. Theft prevention devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers help track and prevent your car from being stolen.
Tickets can increase rates – Being a careful driver has a huge affect on how much you pay. Even one driving citation may increase your cost substantially. Good drivers get better prices than people who have multiple driving citations. Drivers who have gotten severe citations like DUI, reckless driving or excessive speeding may be required to prove financial responsibility with the DMV in their state in order to continue driving.
Always keep your insurance in place – Driving any period of time without insurance is a misdemeanor and you may have a hard time finding new coverage because you let your insurance lapse. And not only will your rates increase, not being able to provide proof of insurance could earn you a steep fine or even jail time. You could then be forced to submit proof of financial responsibility or a SR-22 with the Arizona DMV.
Too many insurance claims and you’ll pay more – Companies in Arizona award discounts to people who do not file claims often. If you frequently file small claims, you can expect increased rates or even have your policy non-renewed. Your car insurance is intended for larger claims.
Does car insurance cost more for guys? – Statistics show that females take fewer risks when driving. Now that doesn’t mean women are better drivers. Both genders cause fender benders in similar percentages, but guys tend to have higher claims. In addition to higher claims, males also get higher numbers of serious violations like reckless driving and DUI. Youthful male drivers have the highest risk to insure and are penalized with high insurance rates.
Loss probability for a Volvo V60 – Auto insurance companies take into consideration insurance loss statistics for every vehicle when they calculate premium rates for each model. Models that statistically have increased claim numbers or amounts will have higher rates. The table shown below demonstrates the actual insurance loss data for Volvo V60 vehicles.
For each coverage category, the claim amount for all vehicles, without regard to make or model, is considered to be 100. Numbers under 100 imply a favorable loss record, while values that are above 100 indicate more frequent claims or statistically larger losses.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Volvo V60 2WD||68||53|
|Volvo V60 4WD||136||75|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Cheap coverage is out there
People switch companies for a variety of reasons including not issuing a premium refund, questionable increases in premium, high rates after DUI convictions and poor customer service. No matter why you want to switch, finding a great new company can be easy and end up saving you some money.
We just showed you a lot of ways to shop for Volvo V60 insurance online. The most important thing to understand is the more you quote Scottsdale car insurance, the better likelihood of getting affordable Scottsdale car insurance quotes. You may even find the lowest rates are with a company that doesn’t do a lot of advertising.
When trying to cut insurance costs, it’s not a good idea to buy poor coverage just to save money. There are a lot of situations where an accident victim reduced physical damage coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to find the BEST coverage at the best possible price while not skimping on critical coverages.
- Auto Insurance Facts and Statistics (Insurance Information Institute)
- What Auto Insurance is Cheapest for a Ford F-150 in Scottsdale? (FAQ)
- Who Has the Cheapest Car Insurance for Homeowners in Scottsdale? (FAQ)
- Drunk Driving Statistics (Insurance Information Institute)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- All About Airbag Safety (State Farm)
- What to do at the Scene of an Accident (Insurance Information Institute)