Auto Insurance Quotes for a Volvo S80 in Philadelphia

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Insurance rates Volvo S80 in PhiladelphiaVehicle owners who are new to comparing insurance coverage rates on the web may discover buying low cost Volvo S80 insurance is nearly impossible.

It's astonishing, but about 70% of customers have stayed with the same insurance company for at least the last four years, and practically 40% of insurance customers have never quoted rates to find cheaper coverage. Many drivers in Pennsylvania could save roughly $686 each year, but they underestimate the actual amount they would save if they replace their high priced policy.

Consumers need to compare prices yearly because prices are constantly changing. Just because you found the best quotes on Volvo S80 insurance in Philadelphia a couple years back you may be paying too much now. You can find a lot of misleading information regarding S80 insurance out there, but in just a couple of minutes you can learn some tested techniques to find affordable insurance in Philadelphia.

Insurance Price Influencing Factors

Many different elements are part of the equation when you get your auto insurance bill. A few of the factors are predictable like your driving record, but other factors are more obscure like where you live or how financially stable you are. A large part of saving on car insurance is knowing the rating factors that aid in calculating your car insurance rates. If you understand what determines premiums, this allows you to make educated decisions that will entitle you to lower premium levels.

Listed below are some of the factors car insurance companies consider when setting rates.

  • Premiums are high for teenagers - Older people are viewed as being more responsible, file fewer claims, and usually have better credit. Drivers with little experience are statistically shown to be careless and easily distracted in a vehicle and because of this, their car insurance rates are much higher.

    The data below uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.

  • Annual mileage impacts costs - The higher the mileage driven annually the more you'll pay to insure your vehicle. A lot of insurance companies charge rates partially by how you use the vehicle. Autos used primarily for pleasure use get more affordable rates as compared to vehicles used primarily for driving to work. Double check that your car insurance declarations sheet reflects the proper vehicle usage. Incorrect rating for your S80 may be costing you.
  • Better drivers pay less - Having a single driving citation can bump up the cost forty percent or more. Careful drivers pay less for auto insurance compared to drivers with tickets. Drivers who have serious violations like DUI or reckless driving are required to submit a SR-22 or proof of financial responsibility with their state DMV in order to keep their license.

    The illustration below demonstrates how speeding tickets and at-fault collisions raise Volvo S80 annual premium costs for different age groups. The premiums are based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.

  • Having a spouse pays dividends - Getting married can actually save you money on car insurance. Marriage is viewed as being more responsible and it's proven that married couples file fewer claims.
  • A car insurance policy lapse can increase premiums - Having a lapse in insurance coverage can be a sure-fire way to bump up your car insurance costs. Not only will you pay higher rates, getting caught without coverage might get you a license revocation or jail time. You could then be forced to provide proof of insurance in the form of an SR-22 filing with the Pennsylvania department of motor vehicles.
  • High performance vehicles cost more to insure - The type of vehicle you are buying insurance for makes a big difference in your auto insurance rates. Small economy passenger models usually are quite affordable to insure, but the cost you end up paying is determined by many additional factors.

    The following data is based on a single male driver age 20, full coverage with $1000 deductibles, and no discounts or violations. It illustrates Volvo S80 car insurance rates compared to other models of vehicles that have a range of performance rating factors.

  • Volvo S80 claim probability - Auto insurance companies study historical loss data when they calculate premium costs for each model. Models that are shown to have increased claim numbers or amounts will have a higher cost to insure. The table below illustrates the insurance loss data for Volvo S80 vehicles.

    For each type of coverage, the claim amount for all vehicles averaged together is set at 100. Numbers under 100 suggest losses that are better than average, while values over 100 point to more losses or an increased chance of larger losses than average.

    Insurance Loss Ratings for Volvo S80 Vehicles
    Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Volvo S80 4dr 2WD 82
    Volvo S80 4dr 4WD 93

    Empty fields indicate not enough data collected
    Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Keep in mind that comparing all the rates in your area helps improve the odds of finding the best offered rates. Some smaller insurers do not give online rate quotes, so it's necessary to compare prices from those companies as well.

The following companies provide free rate quotes in Philadelphia, PA. If multiple companies are shown, we suggest you visit two to three different companies to get the cheapest price.

Detailed insurance information

The coverage information below showcases estimates of prices for Volvo S80 models. Having a good grasp of how rate quotes are formulated can assist in making decisions when shopping your coverage around.

Volvo S80 Insurance Rates in Philadelphia, PA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S80 3.2 $224 $484 $372 $22 $112 $1,214 $101
S80 T6 AWD $224 $484 $372 $22 $112 $1,214 $101
S80 Executive AWD $224 $546 $372 $22 $112 $1,276 $106
S80 V8 AWD $246 $546 $372 $22 $112 $1,298 $108
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Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Premium costs do not factor in specific location information which can increase or decrease auto insurance rates substantially.

Rate comparison for different deductibles

When shopping for insurance, a common question is how high should the physical damage deductibles be. The following tables determine the differences in price when you choose different physical damage coverage deductibles. The first table uses a $250 deductible for physical damage and the second set of rates uses a $1,000 deductible.

Volvo S80 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S80 3.2 $320 $582 $330 $20 $98 $1,375 $115
S80 T6 AWD $320 $582 $330 $20 $98 $1,375 $115
S80 Executive AWD $320 $658 $330 $20 $98 $1,451 $121
S80 V8 AWD $352 $658 $330 $20 $98 $1,483 $124
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Volvo S80 insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S80 3.2 $198 $366 $330 $20 $98 $1,012 $84
S80 T6 AWD $198 $366 $330 $20 $98 $1,012 $84
S80 Executive AWD $198 $414 $330 $20 $98 $1,060 $88
S80 V8 AWD $218 $414 $330 $20 $98 $1,080 $90
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Premium amounts do not factor in specific zip code location which can decrease or increase rates considerably.

Using the data above, we can ascertain that using a $250 deductible will cost you approximately $32 more each month or $384 a year averaged for all S80 models than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have more than 23 months between claim filings, you would come out ahead if you choose the higher deductible.

Buying the right Volvo vehicle insurance in Pennsylvania is an important decision

Despite the high cost, insurance serves a purpose in several ways.

  • The majority of states have compulsory liability insurance requirements which means it is punishable by state law to not carry a minimum amount of liability insurance coverage in order to drive the car legally. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If your vehicle has a lienholder, almost all lenders will require you to have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the lender will be forced to insure your Volvo at a much higher premium rate and require you to pay a much higher amount than you were paying before.
  • Insurance protects both your vehicle and your personal assets. It also can pay for medical expenses for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, will also pay attorney fees if anyone sues you for causing an accident. If your car is damaged in a storm or accident, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of having insurance definitely exceed the cost, particularly when you have a large claim. As of last year, the average driver in Pennsylvania is currently overpaying as much as $820 a year so shop around at every renewal to help ensure money is not being wasted.

Save money on Volvo S80 insurance in Philadelphia with these discounts

Some providers do not list every discount they offer in a way that's easy to find, so the list below gives a summary of both the well known as well as the least known ways to save on car insurance.Cheaper car insurance with discounts

  • Philadelphia Homeowners Pay Less - Simply owning a home can help you save on car insurance because of the fact that having a home demonstrates responsibility.
  • Discount for Passive Restraints - Vehicles equipped with air bags or motorized seat belts may earn rate discounts of more than 20%.
  • Anti-lock Brake System - Cars that have anti-lock braking systems can avoid accidents and the ABS can save up to 10%.
  • Telematics Devices - Policyholders that allow their car insurance company to scrutinize their driving habits by using a telematic data system such as Progressive's Snapshot could see a rate decrease as long as they are good drivers.
  • Employee of Federal Government - Active or former government employment could provide a small rate reduction depending on your company.
  • Buy New and Save - Buying a new car model can cost up to 25% less because newer vehicles keep occupants safer.
  • Auto/Home Discount - When you have multiple policies and insure them with the same company you could earn a discount of nearly 15% which can help you find affordable Volvo S80 insurance rates in Philadelphia.
  • No Claims - Philadelphia drivers who stay claim-free have much lower rates as compared to accident-prone drivers.

A little disclaimer on discounts, some of the credits will not apply to the entire cost. Most only reduce individual premiums such as comp or med pay. Despite the appearance that you can get free auto insurance, it doesn't quite work that way.

The example below shows the comparison of Volvo S80 insurance prices with and without discounts applied to the premium. The premiums are based on a male driver, no violations or accidents, Pennsylvania state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, safe-driver, multi-policy, multi-car, and marriage discounts applied.

A few popular companies and a summarized list of policyholder discounts are:

  • Travelers offers premium reductions for good student, multi-car, save driver, IntelliDrive, payment discounts, and continuous insurance.
  • 21st Century has discounts for anti-lock brakes, air bags, theft prevention, homeowners, early bird, and teen driver.
  • State Farm includes discounts for passive restraint, anti-theft, student away at school, multiple autos, and good student.
  • GEICO offers discounts including membership and employees, anti-lock brakes, daytime running lights, multi-policy, federal employee, and air bags.
  • SAFECO discounts include multi-car, drive less, safe driver, homeowner, teen safe driver, anti-theft, and teen safety rewards.
  • AAA may include discounts for AAA membership discount, good student, education and occupation, good driver, pay-in-full, anti-theft, and multi-car.

Double check with each company which discounts can lower your rates. Some credits may not apply to policyholders in your state. If you would like to choose from a list of car insurance companies that can offer you the previously mentioned discounts in Philadelphia, click here.

Can't I compare prices from local Philadelphia auto insurance agents?

Certain consumers still like to have an agent's advice and there is nothing wrong with that. One of the benefits of price shopping on the web is that drivers can save money and get lower rates and still have a local agent.

Upon completion of this short form, your coverage information is emailed to participating agents in Philadelphia that give free quotes to get your business. There is no need to search for an agent since rate quotes are delivered to you. It's the lowest rates without having to waste a lot of time. If you need to quote rates from one company in particular, you would need to find their quoting web page and fill out the quote form the provide.

Deciding on an company shouldn't rely on just a low price. The questions below may impact your decision as well.

  • Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
  • Does the quote include credit and driving reports?
  • Do they have cheaper tiers of coverage?
  • How would your car be valued if totaled?
  • Are all drivers listed on the coverage quote?
  • How much can you save by raising your physical damage deductibles?
  • Does their agency support local causes in Philadelphia?
  • Are there any hidden costs in their price quote and does it include driving and credit history?

When narrowing the list to find a reliable insurance agency, it can be helpful to understand the types of agencies and how they work. Insurance agencies in Philadelphia are either independent agents or exclusive agents.

Exclusive Insurance Agents

Exclusive insurance agents can only place business with one company such as AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot compare rates from other companies so you might not find the best rates. These agents are well trained on their company's products which aids in selling service over price. Some consumers prefer to buy from the same agent for years partially due to the brand and the convenience of having a single billing for all their coverages.

Shown below is a short list of exclusive insurance agents in Philadelphia that can give you price quotes.

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Independent Agencies or Brokers

Agents in the independent channel do not write with just one company and that is an advantage because they can write policies amongst many companies and help determine which has the cheapest rates. If you are not satisfied with one company, the agent simply finds a different carrier which is easy for the insured. If you are trying to find cheaper rates, you will definitely want to include rate quotes from several independent insurance agents to maximize your price options. Many write coverage with additional companies that you may not be familiar with which may provide better rates.

Shown below are independent insurance agencies in Philadelphia who can help you get comparison quotes.

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When should I discuss my situation with an agent?

Always remember that when buying proper insurance coverage for your personal vehicles, there really is no best way to insure your cars. Everyone's situation is unique.Higher deductibles save money

For instance, these questions may help highlight if your insurance needs would benefit from an agent's advice.

  • Why am I required to buy high-risk coverage?
  • Can I still get insurance after a DUI?
  • Am I covered by my employer's commercial auto policy when driving my personal car for business?
  • Is water damage covered by my policy?
  • How can I get high-risk coverage after a DUI?
  • Are my tools covered if they get stolen from my vehicle?
  • Will I be non-renewed for getting a DUI or other conviction?

If you can't answer these questions, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form.

Don't give up on cheaper rates

As you restructure your insurance plan, do not buy lower coverage limits just to save a few bucks. There have been many situations where someone dropped comprehensive coverage or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your objective should be to find the BEST coverage at a price you can afford and still be able to protect your assets.

Drivers change insurance companies for any number of reasons including poor customer service, lack of trust in their agent, unfair underwriting practices and extreme rates for teen drivers. No matter why you want to switch, finding the right auto insurance provider can be less work than you think.

We just covered many ideas to save on Volvo S80 insurance in Philadelphia. The key thing to remember is the more providers you compare, the better your chances of lowering your prices. Drivers may even discover the biggest savings come from some of the smallest insurance companies.

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