Save on Volvo XC60 Insurance in El Paso

Trying 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.

• Switch and Save Discount – Select insurance companies give a discount for switching to them before your current expiration date. You can save around 10% with this discount.
• Multiple Policy Discount – If you combine your auto and home policies with one company they may give you a discount of at least 10 to 15 percent or more.
• Multi-line Discount – Not all insurance carriers offer life insurance, but some may give you a lower auto insurance rate if you buy auto and life insurance together.
• Own a Home – Owning your own home or condo can earn you a little savings because of the fact that having a home is proof that your finances are in order.
• Driving Data Discount – Policyholders that allow driving data submission to spy on when and where they use their vehicle by using a telematics device such as State Farm’s In-Drive may get a rate reduction if they have good driving habits.
• Braking Control Discount – Cars and trucks with ABS braking systems or traction control can avoid accidents and earn discounts up to 10%.

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.

• State Farm discounts include multiple autos, accident-free, multiple policy, safe vehicle, passive restraint, defensive driving training, and anti-theft.
• American Family has savings for Steer into Savings, good driver, mySafetyValet, bundled insurance, and accident-free.
• GEICO may have discounts that include good student, daytime running lights, membership and employees, emergency military deployment, and federal employee.
• 21st Century offers premium reductions for teen driver, air bags, 55 and older, early bird, and homeowners.
• Progressive may offer discounts for homeowner, continuous coverage, online quote discount, multi-vehicle, online signing, good student, and multi-policy.

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.

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.

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.

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.