Save Money on Volvo V50 Insurance in Philadelphia

Insurance rates Volvo V50 in PhiladelphiaDo you want to save money by buying cheaper Volvo V50 insurance in Philadelphia? Have you had enough of being strong-armed to keep your car insured? Your situation is no different than many other Pennsylvania drivers.

It goes without saying that auto insurance companies don’t want customers comparing rates. Insureds who perform rate comparisons are highly likely to buy a new policy because there is a good chance of finding a lower-cost company. A study showed that drivers who compared prices once a year saved as much as $865 annually compared to policyholders who don’t make a habit of comparing rates.

If finding budget-friendly Volvo V50 insurance is your ultimate target, then having a good understanding how to quote prices and compare auto insurance can make shopping around easier. Vehicle owners have so many insurance companies to insure vehicles with, and even though it’s nice to have a choice, it makes it harder to find the best rates for your vehicles.

You should make it a habit to take a look at other company’s rates on a regular basis because insurance prices change regularly. Just because you found the lowest rate on Volvo V50 insurance in Philadelphia at your last renewal there is a good chance you can find better premium rates now. Forget anything you know (or think you know) about insurance because you’re about to learn one of the easiest ways to properly buy coverages while reducing your premium.

This article’s goal is to teach you a little about how car insurance quotes work and also pocket some savings If you are already insured, you will surely be able to get lower rates using the techniques presented in this article. Smart shoppers just have to learn the quickest method to get comparison rates from many different companies online.

Most larger insurance companies allow you to get coverage prices from their websites. Doing online price comparisons for Volvo V50 insurance in Philadelphia is very simple as you just type in the amount of coverage you want on the page. Behind the scenes, their rating system makes automated requests for credit information and your driving record and returns a price quote based on many factors. This makes it simple to compare prices and it is imperative to get many rate quotes if you want to find lower-cost rates.

In order to find out what other companies charge, compare quotes from the companies shown below. If you currently have coverage, we recommend you complete the form with your coverages identical to your current policy. This makes sure you will have a rate comparison based on identical coverages.

The providers in the list below provide free rate quotes in Philadelphia, PA. If multiple providers are shown, we recommend you compare several of them to find the most affordable auto insurance rates.

Facts and figures for Volvo V50 insurance

The data table shown next showcases estimates of insurance policy prices for Volvo V50 models. Learning how premiums are established is important for drivers to make decisions when choosing a new policy provider.

Volvo V50 Insurance Rates in Philadelphia, PA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
V50 2.4I $226 $400 $336 $20 $100 $1,082 $90
V50 AWD T5 R-Design $226 $460 $336 $20 $100 $1,142 $95
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Prices based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Estimates do not factor in your specific Philadelphia location which can affect rates noticeably.

Car insurance deductibles

One common question asked by Philadelphia drivers is how low should you set your deductibles. The figures shown below highlight the price difference of buying low and high physical damage coverage deductibles. The first table uses a $100 physical damage deductible and the second set of prices uses a $500 deductible.

Volvo V50 insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
V50 2.4I $320 $602 $330 $20 $98 $1,395 $116
V50 AWD T5 R-Design $320 $694 $330 $20 $98 $1,487 $124
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Volvo V50 insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
V50 2.4I $234 $408 $330 $20 $98 $1,090 $91
V50 AWD T5 R-Design $234 $468 $330 $20 $98 $1,150 $96
Get Your Own Customized Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Rate information does not factor in specific garaging location which can increase or decrease premiums significantly.

We can estimate from the data above that using a $100 deductible costs about $26 more each month or $312 each year than choosing the higher $500 deductible. Due to the fact that you would have to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to average more than 15 months between claim filings, you would save money if you choose the higher deductible.

Impact of violations and accidents on rates

The example below shows how violations and at-fault collisions can impact Volvo V50 premium costs for different age groups. The price estimates are based on a married female driver, comp and collision included, $100 deductibles, and no policy discounts are applied.

Rate comparison of full coverage and liability-only

The information below shows the difference between Volvo V50 insurance prices with full coverage compared to only the Pennsylvania minimum liability coverage. The prices are based on a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are not married, and no discounts are applied.

Should you buy full coverage or liability only?

There is no definitive guideline for phasing out physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your Volvo V50 replacement value is $4,000 and you have $1,000 deductibles. If your vehicle is severely damaged, you would only receive $3,000 after you pay the deductible. If you are paying more than $300 annually for full coverage, then it might be time to consider dropping full coverage.

There are some scenarios where dropping physical damage coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not buy liability only.

Independent or exclusive insurance agents

Some people still like to go talk to an agent and that can be a smart move Insurance agents will help you protect your assets and help in the event of a claim. An additional benefit of comparing rate quotes online is the fact that drivers can get cheap insurance rates but still work with a licensed agent. Supporting small agencies is still important in Philadelphia.

Find insurance agent in PhiladelphiaUpon completion of this quick form, your information is immediately sent to agents in your area that provide free Philadelphia auto insurance quotes for your business. It simplifies rate comparisons since you won’t have to search for any insurance agencies since price quotes are sent straight to your inbox. If you wish to get a price quote from a specific insurance provider, feel free to visit that company’s website and submit a quote form there.

The difference between Philadelphia car insurance agents

If you are searching for a good insurance agency, it can be helpful to understand the different agency structures from which to choose. Agencies in Philadelphia are considered either exclusive agents or independent agents. Either one can do a good job, but we need to point out the subtle differences since it can affect your agent selection.

Independent Insurance Agents (or Brokers)

Independent agencies can quote rates with many companies and that is an advantage because they can write policies through many different insurance companies and find the cheapest insurance rates. If prices rise, they can switch companies in-house and you don’t have to do anything. When comparing insurance rates, you definitely need to check rates from independent agents to get the most accurate price comparison.

The following are independent insurance agents in Philadelphia that may be able to give free insurance rate quotes.

7100 Cresheim RdPhiladelphia, PA 19119(215) 753-7770View Map

5829 Rising Sun AvePhiladelphia, PA 19120(215) 745-8001View Map

143 E Roosevelt BlvdPhiladelphia, PA 19120(215) 457-4995View Map

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Exclusive Insurance Agencies

These agents write business for a single company and some examples include Farmers Insurance, Allstate, or State Farm. These agents are not able to place coverage with different providers so they have to upsell other benefits. They are well schooled on their products and sales techniques which helps them compete with independent agents.

Shown below is a list of exclusive insurance agents in Philadelphia that are able to give rate quotes.

8912 Frankford AvePhiladelphia, PA 19136(215) 331-4500View Map

1124 S Broad StPhiladelphia, PA 19146(215) 875-8100View Map

7904 Germantown AvePhiladelphia, PA 19118(267) 323-2923View Map

More insurance agents

Finding the right car insurance agent requires more thought than just the premium amount. Below are some questions you should ask.

Upon receiving satisfactory answers and a low price estimate, you may have just found an insurance agent that is reputable and can adequately provide insurance.