Save on Volvo XC60 Insurance in El Paso

Insurance for Volvo XC60Trying to find the cheapest insurance for a Volvo XC60 in Texas can be a painful process, but you can follow a few tricks to make it easier.

There is a right way and a wrong way to find car insurance online and you need to know the quickest way to price shop coverage for a new or used Volvo and get the lowest price.

A recent survey discovered that nearly 70% of Texas drivers have remained with the same car insurance company for a minimum of four years, and 38% of customers have never compared car insurance rates at all. With the average car insurance premium being $1,847, American drivers could pocket roughly $850 a year just by comparing rates, but they don’t believe how much savings they would realize if they just switched companies.

It’s a good idea to get comparison quotes every six months because car insurance prices are variable and change quite frequently. Just because you had the lowest price on Volvo XC60 insurance in El Paso a couple years back there may be better deals available now. Forget anything you know (or think you know) about car insurance because you’re about to learn the fastest and easiest way to save on car insurance.

The providers in the list below have been selected to offer comparison quotes in El Paso, TX. If the list has multiple companies, we recommend you visit two to three different companies to find the lowest car insurance rates.

Take policy discounts and save on Volvo XC60 insurance in El Paso

Auto insurance is not inexpensive, but you may qualify for discounts that you may not even know about. Some discounts will apply when you quote, but once in a while a discount must be asked about before being credited. If you’re not getting every credit possible, you may be paying too high a price.Discount auto insurance

A little note about advertised discounts, many deductions do not apply to the whole policy. Some only reduce the cost of specific coverages such as liability and collision coverage. So when the math indicates you can get free auto insurance, you aren’t that lucky.

The information below shows the difference between Volvo XC60 insurance prices with and without policy discounts. The data assumes a female driver, no claims or driving citations, Texas state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, claim-free, multi-policy, multi-car, and homeowner discounts applied.

A list of companies and a partial list of their discounts are shown below.

It’s a good idea to ask all companies you are considering which discounts you may be entitled to. All car insurance discounts may not be available in your state. To see a list of insurers who offer auto insurance discounts in El Paso, click here to view.

Rate information and statistics

The rate table displayed below showcases detailed analysis of coverage costs for Volvo XC60 models. Having a better understanding of how rate quotes are formulated is important to be able to make smart choices when choosing a car insurance company.

Volvo XC60 Insurance Rates in El Paso, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC60 3.2 2WD $218 $368 $334 $20 $100 $1,040 $87
XC60 3.2 AWD $246 $368 $334 $20 $100 $1,068 $89
XC60 T6 AWD AWD $246 $434 $334 $20 $100 $1,134 $95
XC60 T6-R AWD AWD $274 $434 $334 $20 $100 $1,162 $97
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Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Premium costs do not factor in your specific El Paso location which can lower or raise rates considerably.

Higher deductibles lower rates

One frequently asked question is at what level do you set your deductibles. The premium rates below summarize the differences in price of buying low and high deductibles. The first data set uses a $100 deductible for comp and collision and the second data table uses a $500 deductible.

Volvo XC60 insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC60 3.2 2WD $328 $592 $324 $20 $96 $1,385 $115
XC60 3.2 AWD $370 $592 $324 $20 $96 $1,427 $119
XC60 T6 AWD AWD $370 $698 $324 $20 $96 $1,533 $128
XC60 T6-R AWD AWD $412 $698 $324 $20 $96 $1,575 $131
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Volvo XC60 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC60 3.2 2WD $240 $400 $324 $20 $96 $1,080 $90
XC60 3.2 AWD $270 $400 $324 $20 $96 $1,110 $93
XC60 T6 AWD AWD $270 $472 $324 $20 $96 $1,182 $99
XC60 T6-R AWD AWD $300 $472 $324 $20 $96 $1,212 $101
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Rate information does not factor in specific location which can lower or raise coverage rates substantially.

Using the data above, we can ascertain that using a $100 deductible will cost you approximately $27 more each month or $324 each year averaged for all XC60 models than buying the higher $500 deductible. Since you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you go at least 15 months between claim filings, you would come out ahead by going with a higher deductible. Here’s the way you can perform this determination yourself.

Average monthly premium for $100 deductibles: $123
Average monthly premium for $500 deductibles (subtract): – $96
Monthly savings from raising deductible: $27
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One important issue to know is that increasing deductibles to lower your rates results in a higher out-of-pocket expense at claim time. You need to have some savings in the event you need to pay the deductible.

The illustration below highlights how deductible choice and can affect Volvo XC60 insurance costs for different age groups. The premiums are based on a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.

How careless driving impacts El Paso car insurance rates

The information below shows how violations and at-fault collisions raise Volvo XC60 auto insurance costs for each different age group. The rates are based on a single male driver, comp and collision included, $250 deductibles, and no other discounts are factored in.

How much more does full coverage cost in El Paso?

The chart below shows the difference between Volvo XC60 annual premium costs with full physical damage coverage and with liability coverage only. Data assumes no accidents, no driving violations, $500 deductibles, single marital status, and no discounts are factored in.

Guidelines for eliminating full coverage

There is no exact rule for excluding physical damage insurance, but there is a guideline you can use. If the annual cost of coverage is more than around 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

For example, let’s say your Volvo XC60 replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for 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 cases where dropping physical damage coverage is not financially feasible. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not eliminate full coverage.

How do Car Insurance Companies Determine Volvo XC60 Insurance Costs?

An important part of buying insurance is that you know the different types of things that go into determining your premiums. When you understand what determines base rates, this enables you to make decisions that can help you get lower premium levels.

Prices are affected by your address – Choosing to live in less populated areas can be a good thing when buying car insurance. Fewer drivers and short commutes means a lower chance of having an accident and lower theft and vandalism rates. Drivers who live in large Texas cities tend to have traffic congestion and longer commutes to work. The longer drive time means more chance of being in an accident.

Do you know you’re credit history? – Your credit score is a big factor in determining your rates. So if your credit rating is low, you could pay less to insure your Volvo XC60 by spending a little time repairing your credit. Insureds with very high credit ratings tend to file fewer claims as compared to drivers with bad credit.

Prices are impacted by vehicle performance – The make and model of the vehicle you need to insure makes a big difference in how high your rates are. The lowest rates are generally reserved for the lowest performance passenger models, but there are many factors that impact the final cost.

The following chart is based on a married female driver age 30, full coverage with $500 deductibles, and no discounts or violations. The data compares Volvo XC60 policy rates compared to other vehicles that have a range of performances.

Get cheaper rates after the wedding – Having a significant other actually saves money when shopping for car insurance. It may mean you are more responsible and insurance companies reward insureds because married drivers tend to file fewer claims.

Insurance losses for a Volvo XC60 – Car insurance companies take into consideration historical loss data for every vehicle when setting premium costs. Vehicles that the data determines to have higher claim amounts or frequency will cost more for coverage. The information below illustrates the historical insurance loss data for Volvo XC60 vehicles.

For each insurance policy coverage type, the loss probability for all vehicles, regardless of manufacturer or model, is a value of 100. Percentages below 100 imply a favorable loss record, while values that are above 100 indicate frequent claims or statistically larger claims.

Volvo XC60 Insurance Claim Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Volvo XC60 4dr 2WD 79 74 70 60 53 55
Volvo XC60 4dr 4WD 93 82 75 66 64 57

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years