Sadly, the vast majority of insurance customers have remained with the same insurance company for a minimum of four years, and nearly 40% of drivers have never compared quotes from other companies. Drivers in North Carolina could save themselves nearly $94 a year by just shopping around, but they just feel it’s too hard to compare rate quotes.
The preferred way to get budget car insurance rates is to regularly compare prices from insurance carriers in Greensboro.
- First, it will benefit you to learn about how your policy works and the changes you can make to keep rates in check. Many factors that cause high rates like careless driving and an imperfect credit history can be improved by making minor changes in your lifestyle. This article provides the details to get lower rates and find overlooked discounts.
- Second, obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only provide price estimates from one company like GEICO and State Farm, while independent agents can give you price quotes from multiple insurance companies.
- Third, compare the new quotes to your current policy and determine if cheaper C70 coverage is available in Greensboro. If you can save some money and switch companies, make sure there is no coverage gap between policies.
A good piece of advice is to make sure you enter the same coverage limits and deductibles on every quote request and and to compare as many different companies as possible. Doing this enables an accurate price comparison and maximum price selection.
If you have insurance now, you should be able to shop for the lowest rates using the ideas presented in this article. Finding and buying affordable insurance in Greensboro is not as hard as you may think. Nevertheless, North Carolina car owners must know the way companies determine what you pay because rates fluctuate considerably.
The Volvo C70 Insurance Cost Equation
Lots of factors are part of the calculation when you quote your car insurance policy. Some are obvious such as your driving history, but other criteria are more obscure like where you live or how financially stable you are.
The items below are some of the things used by companies to determine your rate level.
Age of drivers – Teen drivers in North Carolina are statistically shown to be careless and easily distracted behind the wheel therefore insurance rates are much higher. If you’ve ever had to add a young driver to your policy can break the bank. More experienced drivers are shown to be more cautious, tend to cause fewer accidents, and are generally more financially stable.
The data below assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.
Men drivers tend to cost more – Statistics have proven women are more cautious behind the wheel. Now that doesn’t mean men are WORSE drivers than women. Women and men cause at-fault accidents at about the same rate, but males tend to have higher claims. Men also receive more costly citations like DWI (DUI) or reckless driving.
The chart below compares Volvo C70 car insurance costs for male and female drivers. Data assumes no accidents, no driving violations, full coverage, $1,000 deductibles, drivers are not married, and no other discounts are factored in.
Is you occupation costing you more? – Do you work in a high-stress field? Occupations such as doctors, air traffic controllers, and stock brokers tend to have the highest average rates attributed to intense work requirements and lots of time spent away from family. On the other hand, occupations such as actors, students and retirees generally pay rates lower than average.
Improve your credit rating and save – Having a good credit rating can be a huge factor in calculating your premium rate. Consumers who have very high credit ratings tend to be more responsible and file fewer claims than drivers with poor credit scores. Therefore, if your credit can be improved, you may save money insuring your Volvo C70 by improving your credit score.
How many miles do you drive? – Driving a lot of miles in a year the more you will pay for insurance. Most insurance companies rate vehicles based upon how much you drive. Cars that do not get driven very much can be on a lower rate level compared to those used for work or business. Having the wrong rating on your C70 can cost quite a bit. It’s always a good idea to double check that your insurance declarations sheet properly reflects the proper vehicle usage, because it can save money.
The type of vehicle makes a difference – The performance of the car or truck you drive makes a substantial difference in how high your rates are. Lower performance four cylinder passenger cars usually have the lowest rates, but the cost you end up paying is determined by many additional factors.
The data below assumes a single female driver age 30, full coverage with $250 deductibles, and no discounts or violations. The chart compares Volvo C70 rates compared to other models that have different performances.
Volvo C70 insurance charts and tables
The information shown below highlights different insurance rates for Volvo C70 models. Having a better idea how rate quotes are calculated can help drivers make decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| C70 T5 2-Dr Convertible | $212 | $440 | $198 | $12 | $60 | $922 | $77 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Table data does not factor in Greensboro location which can modify auto insurance rates significantly.
Policy deductible comparison
When comparing insurance rates, the most common question is what deductibles to buy. The rates shown below can help you visualize the differences in premium rates of buying low and high comp and collision deductibles. The first data table uses a $250 physical damage coverage deductible and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| C70 T5 2-Dr Convertible | $218 | $382 | $164 | $10 | $50 | $849 | $71 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| C70 T5 2-Dr Convertible | $134 | $240 | $164 | $10 | $50 | $598 | $50 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Information does not factor in the specific area where the vehicle is garaged which can increase or decrease premiums considerably.
Using the data above, we can ascertain that using a $250 deductible will cost you approximately $21 more each month or $252 for a full year than choosing the higher $1,000 deductible. Since you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at a minimum 36 months between claim filings, you would come out ahead if you choose a higher deductible.
Driving violations and accidents
The example below illustrates how traffic citations and fender-benders can drive up Volvo C70 car insurance rates for each different age category. The costs are based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are factored in.
Do you need full coverage?
The chart below illustrates the comparison of Volvo C70 yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in North Carolina. The premium estimates are based on no accidents or driving violations, $1,000 deductibles, single status, and no discounts are taken into consideration.
Should you pay for full coverage?
There is no clear-cut formula of when to eliminate comp and collision coverage, but there is a general convention. If the annual cost of having full coverage is more than about 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.
For example, let’s assume your Volvo C70 replacement cost is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would receive is $4,000 after paying your deductible. If you are paying in excess of $400 annually to have full coverage, then you might want to think about dropping full coverage.
There are some circumstances where eliminating full coverage is not a good plan. If you still have a loan on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should keep full coverage.
Save with these discounts on Volvo C70 insurance in Greensboro
Some insurance providers do not list every possible discount very clearly, so the list below gives a summary of a few of the more well known and also the lesser-known insurance savings.
- Military Rewards – Being deployed with a military unit can result in better premium rates.
- Use Seat Belts – Drivers who always wear seat belts and also require passengers to buckle up before driving could cut 10% or more off the personal injury premium cost.
- Early Payment Discounts – By making one initial payment instead of paying each month you could save 5% or more.
- Government Employees – Federal government employees may qualify for a discount when you quote Greensboro auto insurance with a few insurance companies.
- Multi-Vehicle Discounts – Drivers who insure more than one vehicle on one policy can get a discount on all vehicles.
- Data Collection Discounts – Insureds that choose to allow driving data submission to analyze vehicle usage by using a telematics device in their vehicle like Allstate’s Drivewise could possibly reduce rates if they exhibit good driving behavior.
- Anti-lock Brake System – Cars, trucks, and SUVs with anti-lock braking systems prevent accidents and will save you 10% or more on C70 insurance in Greensboro.
- Paper-free Discount – A handful of larger companies will provide an incentive for signing up on the internet.
- Life Insurance Discount – Some companies give a discounted insurance rate on car insurance if you buy some life insurance in addition to your auto policy.
Don’t be shocked that some credits don’t apply to the entire policy premium. Most cut specific coverage prices like physical damage coverage or medical payments. So when it seems like you could get a free insurance policy, nobody gets a free ride.
The example below shows the difference between Volvo C70 premium costs with and without discounts applied to the rates. The information is based on a male driver, no violations or accidents, North Carolina state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, multi-car, marriage, multi-policy, and safe-driver discounts applied.
Large insurance companies and some of the discounts can be read below.
- 21st Century may include discounts for homeowners, early bird, theft prevention, automatic seat belts, anti-lock brakes, and defensive driver.
- State Farm may offer discounts for Steer Clear safe driver discount, multiple autos, good driver, student away at school, and multiple policy.
- AAA offers discounts for multi-car, good driver, anti-theft, good student, and pay-in-full.
- Liberty Mutual policyholders can earn discounts including new graduate, good student, new vehicle discount, newly retired, teen driver discount, multi-policy, and newly married.
- Progressive may have discounts that include good student, continuous coverage, multi-policy, online quote discount, multi-vehicle, homeowner, and online signing.
When getting free Greensboro auto insurance quotes, it’s a good idea to each company what discounts are available to you. Some discounts listed above may not apply in Greensboro.
Compare auto insurance prices regularly to save
Consumers change insurance companies for any number of reasons including questionable increases in premium, high prices, not issuing a premium refund or even policy non-renewal. No matter why you want to switch, choosing a new company is pretty simple and you could end up saving a buck or two.
We just covered a lot of tips how to shop for Volvo C70 insurance online. It’s most important to understand that the more price quotes you have, the higher the chance of saving money. Consumers may even find the lowest premium rates are with the least-expected company.
A few companies don’t offer the ability to get quotes online and most of the time these regional insurance providers sell through independent insurance agencies. Low-cost Volvo C70 insurance in Greensboro is attainable both online and from local agencies, and you need to comparison shop both in order to have the best chance of saving money.
Much more information about auto insurance in North Carolina is available at these links: