Cheapest Minneapolis Volvo XC70 Insurance

Do you want to stop overpaying and find lower-priced Volvo XC70 insurance in Minneapolis? Are you at wits end from paying out the nose to insure your Volvo every month? You are in the same boat as the majority of other vehicle owners in Minnesota.

Astonishing but true, almost 70% of insureds have bought auto insurance from the same company for four years or more, and about 40% of consumers have never compared rates to find affordable insurance. Minnesota insurance shoppers could save almost 50% a year just by shopping around, but most just don’t grasp the actual amount they would save if they bought a different policy. Having so many choices for buying lower-cost insurance for a Volvo XC70 in Minneapolis, it is hard for the average consumer to pick the lowest price insurer.

Compare quotes for Minneapolis Volvo XC70 insurance

The companies shown below have been selected to offer free rate quotes in Minneapolis, MN. In order to find cheap car insurance in MN, it’s a good idea that you compare several of them to get the most competitive price.

Lower rates by qualifying for these nine discounts

The cost of insuring your cars can be expensive, but you might find some hidden discounts that could help you make your next renewal payment. Certain discounts will be applied at the time of quoting, but a few need to be specifically requested before being credited.

• Early Signing – A few car insurance companies allow discounts for switching companies prior to your current XC70 insurance policy expiration. Ten percent is about the average savings.
• ABS and Traction Control Discounts – Cars that have anti-lock braking systems prevent accidents and the ABS can save up to 10%.
• Passenger Safety Discount – Vehicles with factory air bags can receive discounts of 25 to 30%.
• Own a Home – Being a homeowner can save a few bucks since home ownership requires a higher level of personal finance.
• Defensive Driver Discount – Taking part in a course that instructs on driving safety could possibly earn you a 5% discount and make you a better driver.
• Seat Belts Save more than Lives – Forcing all vehicle occupants to fasten their seat belts may be able to save a few bucks off PIP or medical payments premium.
• Discount for Good Grades – A discount for being a good student can earn a discount of 20% or more. The discount lasts until age 25.
• Multiple Vehicles – Buying insurance for more than one vehicle on the same car insurance policy could earn a price break for each car.
• Online Discount – Certain car insurance companies will give you a small discount shop Minneapolis car insurance online.

As a disclaimer on discounts, many deductions do not apply to the overall cost of the policy. Most cut specific coverage prices like collision or personal injury protection. So even though they make it sound like all the discounts add up to a free policy, company stockholders wouldn’t be very happy.

The diagram below illustrates the comparison of Volvo XC70 insurance rates with and without discounts applied to the policy rates. The costs are based on a male driver, no driving violations, no at-fault accidents, Minnesota state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-policy, multi-car, marriage, and claim-free discounts applied.

If you would like to view insurance companies who offer discounts in Minneapolis, follow this link.

Analysis of coverages

The coverage information displayed next outlines different insurance costs for Volvo XC70 models. Learning more about how car insurance premiums are determined can benefit drivers when making smart choices when purchasing an auto insurance policy.

Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Rate information does not factor in vehicle location which can decrease or increase coverage rates substantially.

An analysis of deductible level

When buying auto insurance, a common question is how high should the physical damage deductibles be. The comparison tables below sum up the difference in cost when you select higher and lower insurance deductibles. The first rate table uses a $250 comprehensive and collision deductible and the second rate chart uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Premium amounts do not factor in specific location which can modify coverage prices noticeably.

Using the data above, we can ascertain that using a $250 deductible costs an average of $28 more each month or $336 annually averaged for all XC70 models than requesting the higher $1,000 deductible. Because you would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at least 27 months between claim filings, you would save more money going with the higher deductible.

Careless drivers pay higher rates

The example below illustrates how speeding tickets and fender-benders can raise Volvo XC70 insurance prices for each age group. The price estimates are based on a married male driver, full coverage, $500 deductibles, and no discounts are taken into consideration.