Save Money on Volvo S80 Insurance in Indianapolis

Anyone knows that auto insurance companies don’t want you to look for cheaper rates. Consumers who compare rates at least once a year will, in all likelihood, buy a different policy because of the good chance of finding a more affordable policy premium. A study discovered that drivers who shopped around annually saved as much as $860 a year as compared to drivers who never shopped around for cheaper prices.

If finding discount rates on auto insurance in Indianapolis is your ultimate target, then learning about how to compare insurance rates can save time, money, and frustration.

If saving the most money is your goal, then the best way to find cheaper prices for Volvo S80 insurance in Indianapolis is to compare prices once a year from insurance carriers in Indiana.

• First, it will benefit you to learn about how insurance companies determine prices and the modifications you can make to prevent expensive coverage. Many factors that cause rate increases such as speeding tickets, accidents and a less-than-favorable credit history can be controlled by making minor changes in your lifestyle.
• Second, obtain price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from a single company like GEICO and Allstate, while independent agencies can give you price quotes from multiple sources. View insurance agents
• Third, compare the new rate quotes to your existing coverage to determine if switching companies saves money. If you can save some money, make sure there is no lapse between the expiration of your current policy and the new one.
• Fourth, give notification to your agent or company of your intent to cancel your current auto insurance policy. Submit the completed application along with a down payment to the new company. When you receive it, keep the new certificate verifying proof of insurance with your registration paperwork.

One tip to remember is to make sure you’re comparing identical coverage information on each price quote and and to get rate quotes from as many companies as possible. This helps ensure the most accurate price comparison and a thorough price selection.

The companies in the list below provide price quotes in Indiana. If more than one company is shown, we suggest you get rates from several of them in order to get a fair rate comparison.

You may qualify for discounts for Volvo S80 insurance in Indianapolis

Car insurance is not cheap, but discounts can save money and there are some available that could drop your premiums quite a bit. Many discounts should be triggered at the time of quoting, but some need to be manually applied in order for you to get them.

• Payment Method – If you can afford to pay the entire bill as opposed to paying monthly you may reduce your total bill.
• Buy New and Save – Insuring a vehicle that is new may earn a small discount because new model year vehicles are generally safer.
• Good Student – This discount can earn a discount of 20% or more. Many companies even apply the discount to college students up to age 25.
• Club Memberships – Having an affiliation with qualifying clubs or civic groups is a simple method to lower premiums on auto insurance.
• Distant Student Discount – Kids who attend college more than 100 miles from Indianapolis and do not have a car may be insured at a cheaper rate.
• Accident Forgiveness Coverage – This one is not really a discount per se, but a handful of insurance companies permit an accident without the usual rate increase if your claims history is clear prior to being involved in the accident.
• Use Seat Belts – Drivers who always wear seat belts and also require passengers to buckle up could save 15% off the PIP or medical payment premium.
• Bundle and Save – If you combine your auto and homeowners policies with the same insurance company you could earn a discount of approximately 10% to 15%.
• Active Service Discounts – Being on active duty in the military may qualify for rate reductions.

Remember that many deductions do not apply to all coverage premiums. The majority will only reduce individual premiums such as collision or personal injury protection. Just because it seems like you could get a free auto insurance policy, auto insurance companies aren’t that generous.

The example below shows the difference between Volvo S80 yearly insurance costs with and without discounts applied to the rates. The premiums are based on a male driver, no claims, a clean driving record, Indiana 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 safe-driver, marriage, homeowner, multi-car, multi-policy, and claim-free discounts applied.

To locate auto insurance companies with the best Volvo S80 insurance discounts in Indianapolis in Indiana, click here.

Statistics and details

The rate table shown next highlights different insurance prices for Volvo S80 models. Having a better idea how premiums are calculated is important for you to make informed decisions.

Prices above based on single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Prices do not factor in zip code location which can influence premiums greatly.

Policy deductibles

The hardest decision when buying coverage is the level to set your comp and collision deductibles. The tables below outline the premium difference between high and low physical damage deductibles. The first set of rates uses a $250 deductible for physical damage and the second pricing table uses a $1,000 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Rate information does not factor in zip code location which can increase or decrease insurance rates noticeably.

Using the data above, we can ascertain that using a $250 deductible will cost in the ballpark of $27 more each month or $324 annually across all Volvo S80 models than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to go at least 28 months between claim filings, you would more than likely save some money if you choose a higher deductible.

One thing to be aware of is that a higher deductible level results in more money out-of-pocket when you do file a claim. You need to make sure you have some available funds in the event you need to pay the deductible.

The diagram below illustrates how choosing a deductible and can raise or lower Volvo S80 insurance prices for different age groups. The data is based on a married male driver, full physical damage coverage, and no discounts are factored in.

Buying car insurance from Indianapolis insurance agents

A small number of people still like to sit down and talk to an agent and doing so can bring peace of mind Experienced insurance agents can help determine the best coverages and help file insurance claims. The best thing about comparing rates online is you may find cheap rate quotes and still have an agent to talk to. Buying insurance from local agents is important particularly in Indianapolis.

By using this short form, the quote information is emailed to companies in Indianapolis who will return price quotes to get your business. You won’t need to leave your house because quoted prices will be sent directly to your email. If you wish to compare rates from a specific insurance company, just find their quoting web page and submit a quote form there.

Indianapolis auto insurance agents come in two flavors

If you want to use local Indianapolis agents, you should know the different types of agencies and how they differ in how they quote coverages. Agents are either independent (non-exclusive) or exclusive. Both can insure your vehicles, but it is a good idea to know the difference in how they write coverage since it may influence which agent you choose.

Independent Car Insurance Agencies or Brokers

Agents that choose to be independent are not restricted to one company so they can write business with any number of different companies and potentially find a lower price. If your agent finds better pricing, they simply move the coverage in-house which makes it simple for you. If you need cheaper car insurance rates, we recommend you include rate quotes from several independent agencies for maximum quote selection. Many write coverage with small mutual carriers that may have much lower rates than larger companies.

Listed below is a short list of independent insurance agencies in Indianapolis that may be able to give free price quotes.

• Burns Insurance Agency – Commercial, Personal and Transportation Insurance Specialists
  1433 N Meridian St – Indianapolis, IN 46202 – (317) 377-1100 – View Map
• The George Group
  5627 S Franklin Rd – Indianapolis, IN 46239 – (317) 862-2200 – View Map
• McGowan Insurance Group, Inc.
  355 Indiana Ave – Indianapolis, IN 46204 – (317) 464-5000 – View Map

View more Indianapolis agents

Exclusive Insurance Agents

Agents of this type can only write with one company such as Allstate and State Farm. Exclusive agents cannot provide rate quotes from other companies so keep that in mind. Exclusive agencies receive extensive training on their products and sales techniques which helps offset the inability to provide other markets. Drivers often use the same agent primarily because of the prominence of the brand rather than low price.

Shown below is a short list of exclusive insurance agents in Indianapolis willing to provide price quote information.

• Brandon Libunao – State Farm Insurance Agent
  1014 Prospect St – Indianapolis, IN 46203 – (317) 783-3391 – View Map
• Allstate Insurance: Donald Oldham
  303 N Alabama St #360 – Indianapolis, IN 46204 – (317) 687-0777 – View Map
• Leland Brown Sr. – State Farm Insurance Agent
  5936 N Keystone Ave #201 – Indianapolis, IN 46220 – (317) 251-1400 – View Map

View more Indianapolis agents

Choosing the best insurance agency should depend on more than just a cheap price quote. These are valid questions to ask:

• If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
• Are there any extra charges for paying monthly?
• Do they have any clout with companies to ensure a fair claim settlement?
• Is the agent CPCU or CIC certified?
• Do you have coverage for a rental car if your vehicle is in the repair shop?

Auto insurance just makes sense

Despite the high insurance cost for a Volvo S80 in Indianapolis, insurance is mandatory in Indiana but it also protects more than you think.

• Almost all states have minimum mandated liability insurance limits which means state laws require a specific minimum amount of liability insurance coverage if you drive a vehicle. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you took out a loan on your Volvo S80, most lenders will make it a condition of the loan that you buy insurance to guarantee their interest in the vehicle. If you let the policy lapse, the lender may insure your Volvo for a much higher rate and force you to pay for it.
• Insurance safeguards your Volvo S80 and your assets. Insurance will pay for medical bills for you, any passengers, and anyone injured in an accident. Liability insurance, one of your policy coverages, will also pay to defend you if someone files suit against you as the result of an accident. If your Volvo gets damaged, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.

The benefits of buying auto insurance definitely exceed the cost, specifically if you ever have a liability claim. But the average American driver overpays as much as $869 every year so it’s very important to do a rate comparison each time the policy renews to ensure rates are inline.

The coverage is in the details

Having a good grasp of car insurance can help you determine the best coverages for your vehicles. Policy terminology can be ambiguous and reading a policy is terribly boring.

Comprehensive insurance

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like vandalism, hitting a deer, damage from flooding, falling objects and fire damage. The most you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Liability auto insurance

This coverage can cover damages or injuries you inflict on people or other property in an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 25/50/10 which stand for $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and property damage coverage for $10,000. Occasionally you may see a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.

Liability can pay for things like attorney fees, bail bonds, funeral expenses and loss of income. How much coverage you buy is up to you, but consider buying as high a limit as you can afford. Indiana requires drivers to carry at least 25/50/10 but you should consider buying more liability than the minimum.

The illustration below shows why buying low liability limits may not be enough.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses like prosthetic devices, rehabilitation expenses and hospital visits. They can be utilized in addition to your health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants and will also cover being hit by a car walking across the street. PIP coverage is not an option in every state and may carry a deductible

Collision protection

This coverage will pay to fix damage to your S80 resulting from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as damaging your car on a curb, crashing into a ditch and backing into a parked car. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. You can also increase the deductible on your S80 to save money on collision insurance.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage provides protection when the “other guys” do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law (which is 25/50/10), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Lower rates by being persistent

Low-cost Volvo S80 insurance in Indianapolis is definitely available on the web in addition to many Indianapolis insurance agents, and you need to price shop both to get a complete price analysis. There are still a few companies who may not offer online price quotes and usually these small, regional companies only sell through local independent agents.

We covered quite a bit of information on how to shop for Volvo S80 insurance online. The most important thing to understand is the more price quotes you have, the better your comparison will be. You may even discover the lowest prices are with a small mutual company.

Insureds change insurance companies for any number of reasons including delays in paying claims, policy cancellation, extreme rates for teen drivers or unfair underwriting practices. No matter why you want to switch, switching car insurance companies is easier than you think.

Additional detailed information can be found by following these links:

• Understanding Rental Car Insurance (Insurance Information Institute)
• What Auto Insurance is Cheapest for a Hyundai Elantra in Indianapolis? (FAQ)
• Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
• Electronic Stability Control FAQ (iihs.org)
• Senior Drivers (Insurance Information Institute)
• Credit and Insurance Scores (Insurance Information Institute)