Best Ways to Save on Seattle Volvo V50 Insurance

Are you tired of wondering where the money will come from to insure your Volvo every month? You have the same problem as the majority of other consumers in Washington.

Insurance for Volvo V50Statistics show that a large majority of consumers have stayed with the same insurance company for four years or more, and approximately 40% of consumers have never quoted rates to find cheap coverage. Washington consumers could save an average of as much as $400 each year by just shopping around, but they don’t believe the rate savings if they switched to a cheaper policy. Consumers have multiple insurers to pick from, and although it’s nice to have a choice, too many choices makes it more difficult to compare rates and find the lowest cost auto insurance.

Affordable companies for Volvo V50 insurance in Washington

The companies in the list below are our best choices to provide free rate quotes in Washington. If the list has multiple companies, it’s highly recommended you compare several of them in order to find the lowest rates.

Volvo V50 Insurance Costs in Seattle, WA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
V50 2.4I $318 $664 $398 $24 $120 $1,524 $127
V50 AWD T5 R-Design $274 $702 $384 $22 $114 $1,496 $125
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Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Washington minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Premium costs do not factor in specific garaging location which can increase or decrease price quotes considerably.

Comparison of car insurance rates by gender and age in Seattle

The chart below visualizes the comparison of Volvo V50 auto insurance costs for male and female drivers. The costs are based on no claims or driving violations, comp and collision included, $1,000 deductibles, marital status is single, and no discounts are factored in.

Comparison of policy deductibles

The diagram below demonstrates how deductible levels and can affect Volvo V50 yearly insurance costs for each age group. Data assumes a single male driver, full physical damage coverage, and no other discounts are factored in.

Volvo V50 full coverage rates compared to liability only

The illustration below shows the comparison of Volvo V50 annual premium costs with full coverage and liability only. The price estimates are based on a clean driving record, no claims, $250 deductibles, single female driver, and no discounts are factored in.

When to stop buying physical damage coverage

There is no exact rule for phasing out full coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is about 10% or more of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let’s pretend your Volvo V50 replacement cost is $6,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $5,000 after the policy deductible has been paid. If you are currently paying more than $500 annually to have full coverage, then you might consider buying liability only.

There are some conditions where removing full coverage is not recommended. If you still have a loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not remove full coverage.

The Volvo V50 Insurance Rate Equation

Lots of things are used when you quote your car insurance policy. Some are pretty understandable like your driving record, although some other factors are more transparent such as whether you are married or your vehicle rating.

The itemized list below are a partial list of the pieces used by companies to determine your rate level.

Discounts can help lower premiums on Volvo V50 insurance in Seattle

Companies don’t always list every policy discount very well, so the list below gives a summary of some of the best known and the harder-to-find insurance savings.Cheaper insurance with discounts

Discounts save money, but please remember that some of the credits will not apply to the entire cost. A few only apply to the price of certain insurance coverages like liability and collision coverage. Even though it appears having all the discounts means you get insurance for free, you aren’t that lucky.

Large insurance companies and their offered discounts are:

When getting free Seattle auto insurance quotes, it’s a good idea to each insurance company what discounts are available to you. A few discounts might not be available to policyholders in Seattle. To choose companies who offer cheap Volvo V50 insurance quotes in Seattle, click here to view.

When to have guidance from an insurance agency

Some people prefer to talk to an insurance agent and often times that is recommended Good insurance agents can point out coverage gaps and give you someone to call. An additional benefit of price shopping on the web is the fact that you can find the lowest rates but still work with a licensed agent. Buying insurance from neighborhood insurance agencies is especially important in Seattle.

After completing this form (opens in new window), your insurance coverage information is emailed to insurance agents in Seattle who can give free rate quotes for your insurance coverage. You won’t need to do any legwork since rate quotes are delivered to you directly. If you want to compare prices from a specific company, don’t hesitate to find their quoting web page and complete a quote there.

Selecting an insurance company should include more criteria than just a cheap quote. Here are some questions you might want to ask.

Once you have received good answers to your questions and a low price estimate, chances are good that you have found an insurance company that is professional and can adequately provide auto insurance.

Do I just need basic coverages?

When quoting and comparing the right insurance coverage, there really is no one size fits all plan. Your financial needs are unique and your policy should reflect that.Car insurance savings
For instance, these questions can aid in determining whether your personal situation may require specific advice.

If you’re not sure about those questions, you may need to chat with a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier It’s fast, free and can provide invaluable advice.

Be persistent and save

When trying to cut insurance costs, make sure you don’t reduce needed coverages to save money. There have been many situations where someone dropped uninsured motorist or liability limits only to regret that the small savings ended up costing them much more. Your objective should be to purchase plenty of coverage at an affordable rate and still be able to protect your assets.

We’ve covered some good ideas how you can lower your Volvo V50 insurance premium rates in Seattle. The key thing to remember is the more providers you compare, the better likelihood of getting affordable Seattle auto insurance quotes. You may even be surprised to find that the lowest premium rates are with a small local company. These smaller insurers may cover specific market segments cheaper as compared to the big name companies such as Progressive and GEICO.

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