Affordable Insurance for a Volvo S80 in Denver

Are you researching low-cost car insurance rates in Denver, CO? Denver buyers have lots of choices when searching for low-cost Volvo S80 insurance. You can either spend your time contacting agents to get rate comparisons or save time using the internet to get rate quotes.

There are both good and bad ways to buy car insurance so we’re going to tell you the quickest way to compare rates for a Volvo and locate the lowest possible price either online or from Denver insurance agents.

The quickest way to compare car insurance company rates for Volvo S80 insurance in Denver is to understand most larger insurance companies participate in online systems to provide you with free rate quotes. To start a quote, the only thing you need to do is provide details such as the ages of drivers, how much school you completed, the make and model of your vehicles, and if a SR-22 is required. That rating information is then sent to insurance carriers in your area and they return quotes within a short period of time.

If you would like to start a quote now, click here and complete the quick form.

The auto insurance companies shown below are ready to provide price quotes in Colorado. If multiple providers are shown, we suggest you compare several of them in order to get a fair rate comparison.

Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Information does not factor in garaging location in Denver which can revise auto insurance rates considerably.

Policy deductible comparison

A question often asked by Denver drivers is how high should the physical damage coverage deductibles be. The data tables below may help to illustrate how much more rates are between low and high policy deductibles. The first price estimate table uses a $250 comprehensive and collision deductible and the second price chart uses a $1,000 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Rates do not factor in zip code location which can impact rates considerably.

We can estimate from the data above that using a $250 deductible will cost you roughly $33 more each month or $396 each year than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go more than 23 months between claims, you would save more money by going with a higher deductible.

Policy deductibles

The illustration below demonstrates how deductible levels and can increase or decrease Volvo S80 insurance costs for different age groups of insureds. The rates are based on a married male driver, comp and collision included, and no discounts are applied.

Liability only or full coverage

The example below illustrates the comparison of Volvo S80 car insurance rates with and without full coverage. The premiums assume a clean driving record, no claims, $100 deductibles, married male driver, and no discounts are taken into consideration.

Guidelines for dropping full coverage

There is no clear-cut rule to exclude comp and collision coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is about 10% or more of the settlement you would receive from your company, then you may need to consider dropping full coverage.

For example, let’s pretend your Volvo S80 replacement cost is $3,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $2,000 after you pay the deductible. If premiums are more than $200 a year for full coverage, then you might want to consider buying only liability coverage.

There are some conditions where eliminating full 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 satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not opt for liability only.

Cheaper Volvo S80 insurance in Denver

The price of auto insurance can be rather high, but you might already qualify for some discounts that can drop the cost substantially. Certain credits will be shown when you quote, but lesser-known reductions have to be inquired about prior to receiving the credit. If you don’t get every credit possible, you’re paying more than you need to.

• Denver Homeowners Discount – Owning a house in Denver can save you money due to the fact that maintaining a home is proof of financial responsibility.
• Multi-policy Discount – If you can combine your auto and home policy and place coverage with the same company you could get a discount of as much as 10 to 15 percent.
• Employee of Federal Government – Active or former government employment may qualify for a discount when you quote Denver car insurance with select insurance companies.
• Drivers Education – Reduce the cost of insurance for teen drivers by having them take driver’s ed class in high school.
• No Accidents – Claim-free drivers are rewarded with significantly better rates on Denver car insurance quote compared to frequent claim filers.
• Passive Restraints and Air Bags – Factory air bags or automatic seat belts may earn rate discounts as much as 30%.
• Discounts for New Vehicles – Buying a new car model may earn a small discount since new model year vehicles have better safety ratings.
• Professional Organizations – Being in a qualifying organization can get you a small discount on your next renewal.
• Accident Forgiveness Coverage – This isn’t a discount exactly, but companies like Allstate and State Farm allow you one accident before hitting you with a surcharge as long as you don’t have any claims for a set time period.
• Auto/Life Discount – Some insurance companies give better premium rates if you take out some life insurance too.

Discounts save money, but please remember that most discounts do not apply to all coverage premiums. Some only reduce specific coverage prices like comp or med pay. Despite the fact that it seems like having all the discounts means you get insurance for free, it doesn’t quite work that way.

The best car insurance companies and a selection of discounts are detailed below.

• State Farm offers discounts including safe vehicle, driver’s education, multiple autos, passive restraint, and anti-theft.
• Farmers Insurance may offer discounts for switch companies, homeowner, electronic funds transfer, business and professional, and pay in full.
• GEICO may have discounts that include defensive driver, five-year accident-free, military active duty, good student, membership and employees, air bags, and anti-lock brakes.
• American Family discounts include air bags, Steer into Savings, TimeAway discount, defensive driver, early bird, bundled insurance, and mySafetyValet.
• Nationwide policyholders can earn discounts including Farm Bureau membership, accident-free, family plan, anti-theft, and easy pay.
• Progressive may include discounts for online signing, multi-policy, multi-vehicle, good student, and homeowner.

Before purchasing a policy, check with all the companies what discounts are available to you. Some of the earlier mentioned discounts may not be available in Denver.

Compare prices but buy from a local neighborhood Denver car insurance agent

A lot of people would prefer to sit down and talk to an agent. Professional insurance agents can answer important questions and help submit paperwork. One of the best bonuses of getting online price quotes is you can get the best rates and still choose a local agent. Buying from neighborhood insurance agencies is important especially in Denver.

To find an agent, once you fill out this quick form, the coverage information gets sent to companies in Denver who will gladly provide quotes for your business. You don’t have to drive around due to the fact that quote results will go immediately to you. If you want to compare prices from a particular provider, just search and find their rate quote page to submit a rate quote request.

If you’re trying to find a local Denver insurance agent, it’s important to understand the types of agencies and how they are slightly different. Agents in Denver are either independent agents or exclusive agents. Both do a good job, but it’s a good idea to understand how they are different because it can impact your agent selection.

Independent Auto Insurance Agents

These type of agents can quote rates with many companies so they have the ability to put coverage with many different companies and possibly get better coverage at lower prices. If you want to switch companies, your agent can switch companies without you having to go to a different agency.

When comparing auto insurance rates, you absolutely need to contact independent agents for maximum quote selection. Many can place coverage with companies you’ve never heard of that many times have cheaper rates.

Below is a list of independent agencies in Denver who may provide rate quotes.

• Gonzalez Insurance Agency
  6450 E Colfax Ave – Denver, CO 80220 – (303) 320-4901 – View Map
• Henry Ham Agency, Inc
  645 E Evans Ave – Denver, CO 80210 – (303) 744-1341 – View Map
• Premier Group Insurance
  1777 W 38th Ave #102 – Denver, CO 80211 – (303) 477-0505 – View Map

View more agents

Exclusive Agents

Exclusive insurance agents are contracted to one company like State Farm, Allstate and AAA. They usually cannot compare rates from other companies so keep that in mind. They are usually quite knowledgeable on sales techniques which helps overcome the inability to quote other rates. Many people choose to use an exclusive agent mainly due to high brand loyalty rather than low price.

Listed below is a short list of exclusive agents in Denver willing to provide price quotes.

• Farmers Insurance Agent Mike
  I-25 – Denver, CO 80231 – (303) 752-2900 – View Map
• Farmers Insurance – Greg Delgado
  2839 Wyandot St – Denver, CO 80211 – (720) 588-4111 – View Map
• Farmers Insurance – Mike Schmisek
  1100 S Shoshone St – Denver, CO 80223 – (303) 922-1001 – View Map

View more agents

Finding a good auto insurance agent requires you to look at more than just a cheap price. Agents should be asked these questions:

• When do they do policy reviews?
• Are they giving you every discount you deserve?
• Does the agent recommend any additional coverage?
• What kind of financial rating does the company have?
• Is the agent and/or agency licensed to do business in Colorado?

Tailor your insurance coverage to you

When quoting and choosing a policy for your personal vehicles, there is no best way to insure your cars. Every situation is different.

For example, these questions can help discover if your situation would benefit from an agent’s advice.

• Should I buy more coverage than the required Colorado minimum liability coverage?
• Will I lose any money if I cancel my policy before it expires?
• Should I rate my Volvo S80 as pleasure use or commute?
• Does my medical payments coverage pay my health insurance deductible?
• How does medical payments coverage work?
• How high should my medical payments coverage be?
• Is there a penalty for late payment?
• Can I pay claims out-of-pocket if I buy high deductibles?
• How much coverage applies to personal belongings?
• Is my Volvo S80 covered if I use it for business?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, simply complete this short form. It’s fast, doesn’t cost anything and you can get the answers you need.

Reduce Insurance Rates with These Tips

Smart consumers have a good feel for the different types of things that help calculate auto insurance rates. When you understand what determines base rates, this helps enable you to make changes that will entitle you to cheaper rates.

Shown below are some of the factors auto insurance companies consider when setting your premiums.

• Avoid traffic tickets – How you drive has a big impact on rates. Drivers with clean records pay lower auto insurance prices as compared to those with violations. Just one speeding ticket or other violation can increase rates by as much as thirty percent. Drivers who have received license-revoking tickets like DWI, reckless driving or hit and run convictions might be required by their state to complete a SR-22 with their state DMV in order to keep their license.
• Occupation impacts premiums – Occupations such as doctors, police officers, and stock brokers usually pay higher average rates in part from high stress and long work days. On the other hand, occupations such as farmers, engineers and performers get better rates.
• Remove unneeded extra policy coverages – There are quite a few additional coverages that sound like a good idea at the time but may not be useful. Coverages like roadside assistance, accident forgiveness, and extra life insurance coverage are some examples. These coverages may sound good at first, but if you don’t need them eliminate them to save money.
• Stay claim-free and save money – If you tend to file frequent claims, don’t be surprised to see either a policy non-renewal or much higher rates. Auto insurance companies in Colorado generally give lower rates to drivers who are not frequent claim filers. Insurance coverage is intended for more catastrophic claims.
• Big city or small town – Having an address in smaller towns and rural areas of the country has definite advantages when it comes to auto insurance. Lower population corresponds to lower accident rates and lower theft and vandalism rates. Urban drivers tend to have much more traffic and a longer drive to work. Higher commute times translates into higher accident risk.
• Guys pay higher rates – Statistics demonstrate that women are safer drivers than men. However, this does not mean women are better drivers. Both sexes get in accidents in similar numbers, but the male of the species cause more damage and cost insurance companies more money. Men also tend to have more aggressive citations like DUI and reckless driving.
• Prevent theft and save – Choosing to buy a car with a theft deterrent system can save you a little every year. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping your vehicle from being stolen.
• Volvo S80 historical loss data – Insurers use statistical claims data to help set a rate to offset losses. Models that tend to have a trend towards higher claims will have higher rates for specific coverages. The table below illustrates the insurance loss data used by companies for Volvo S80 vehicles.

  For each policy coverage, the claim amount for all vehicles, regardless of make or model, is equal to 100. Percentages below 100 are indicative of better than average losses, while values over 100 point to more frequent losses or an increased likelihood of larger losses.

  Insurance Loss Ratings for Volvo S80 Vehicles

  Specific Volvo Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Volvo S80 4dr 2WD	82
  Volvo S80 4dr 4WD	93

  BETTER

  AVERAGE

  WORSE

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

Here’s why car insurance is not optional

Even though Denver S80 insurance rates can get expensive, car insurance may be mandatory for several reasons.

• Most states have mandatory insurance requirements which means you are required to carry a minimum amount of liability insurance if you want to drive legally. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
• If you have a loan on your Volvo, more than likely the lender will have a requirement that you buy full coverage to guarantee payment of the loan. If you do not keep the policy in force, the bank may buy a policy for your Volvo at a much higher rate and require you to fork over much more than you were paying before.
• Car insurance preserves not only your car but also your assets. Insurance will pay for most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, collision and comprehensive coverages will cover the repair costs.

The benefits of insuring your car definitely exceed the price paid, specifically if you ever have a liability claim. In a recent study of 1,000 drivers, the average customer overpays as much as $825 a year so compare rate quotes each time the policy renews to help ensure money is not being wasted.

One last thing to lower rates

As you go through the steps to switch your coverage, never skimp on coverage in order to save money. There are too many instances where consumers will sacrifice liability coverage limits and discovered at claim time that the few dollars in savings costed them thousands. Your goal is to buy enough coverage at an affordable rate, but don’t skip important coverages to save money.

We just covered quite a bit of information on how to reduce Volvo S80 insurance rates online in Denver. It’s most important to understand that the more times you quote, the higher your chance of finding inexpensive Denver car insurance quotes. You may even discover the most savings is with the smaller companies.

Drivers leave their current company for many reasons like lack of trust in their agent, denial of a claim, delays in paying claims and not issuing a premium refund. It doesn’t matter why you want to switch finding a new company is not as difficult as it may seem.

Even more information is located in these articles:

• Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
• Who Has the Cheapest Auto Insurance Rates After a Speeding Ticket in Denver? (FAQ)
• Who Has the Cheapest Denver Car Insurance Rates for Drivers with a DUI? (FAQ)
• Who Has Cheap Car Insurance for Retired Military in Denver? (FAQ)
• Who Has Affordable Denver Auto Insurance Rates for a Ford Explorer? (FAQ)
• Drunk Driving Statistics (Insurance Information Institute)
• Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
• Car Insurance for Teen Drivers with Divorced Parents (Allstate)
• Vehicle Safety Ratings (iihs.org)