It’s a known fact that insurance companies don’t want you to look at other companies. Drivers who compare price quotes are likely to move their business because they have good chances of finding a more affordable policy. A study showed that drivers who made a habit of comparing rates saved approximately $70 a month compared to those who never compared prices.
If finding the cheapest rates on car insurance in Tulsa is your objective, then knowing how to choose a company and compare insurance coverage can help simplify the process.
The preferred way to find cheaper Volvo XC70 insurance in Tulsa is to start doing a yearly price comparison from companies that sell auto insurance in Oklahoma. Rates can be compared by following these steps.
- First, gain an understanding of what coverages are included in your policy and the changes you can make to drop your rates. Many rating criteria that increase rates such as accidents, traffic tickets, and an imperfect credit rating can be improved by making lifestyle changes or driving safer. Keep reading for the details to get lower rates and find available discounts that you may qualify for.
- Second, quote rates from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like GEICO or State Farm, while independent agents can provide rate quotes from multiple insurance companies.
- Third, compare the new rate quotes to your current policy to see if a cheaper rate is available in Tulsa. If you find better rates and switch companies, make sure coverage is continuous and does not lapse.
- Fourth, tell your current company of your decision to cancel your current coverage and submit a down payment and signed policy application to the new insurer. Once the paperwork is finalized, put the new certificate verifying proof of insurance in an accessible location in your vehicle.
A good tip to remember is that you’ll want to compare similar deductibles and liability limits on each quote request and and to get rate quotes from every company you can. This helps ensure a fair price comparison and a complete selection of prices.
The quickest way to get rate comparisons for Volvo XC70 insurance in Tulsa is to take advantage of the fact most of the bigger providers pay for the opportunity to provide you with free rate quotes. All consumers are required to do is give the companies some data such as your credit rating estimate, if you have an active license, whether or not you need a SR-22, and driver ages. Your information gets transmitted to all major companies and you will get price comparisons immediately.
To compare multiple company cheaper Volvo XC70 insurance rates now, click here and find out if you can get cheaper insurance in Tulsa.
The companies in the list below offer price quotes in Oklahoma. If you want the best cheap auto insurance in Tulsa, OK, we recommend you get rate quotes from several of them in order to get a fair rate comparison.
Tulsa insurance discounts for a Volvo XC70
Some insurance providers don’t necessarily list every discount available in a way that’s easy to find, so the following list contains some of the more common as well as the least known savings tricks you should be using when you buy Tulsa auto insurance online. If they aren’t giving you every credit available, you are not getting the best rate possible.
- Membership in Organizations – Joining certain professional organizations could qualify you for a break on your bill.
- Early Switch Discount – A few insurance companies allow discounts for renewing your policy before your current XC70 insurance policy expires. This can save 10% or more.
- Life Insurance Discount – Insurance carriers who offer life insurance give a discount if you purchase life insurance.
- Discount for Good Grades – Maintaining excellent grades may save as much as 25% on a Tulsa auto insurance quote. The good student discount can last up until you turn 25.
- Mature Driver Discount – Mature drivers may be able to get lower premium rates.
- Fewer Miles Equal More Savings – Fewer annual miles on your Volvo could qualify for substantially lower premium rates.
Consumers should know that most discounts do not apply to the entire cost. Most only cut the cost of specific coverages such as collision or personal injury protection. Even though it may seem like all those discounts means the company will pay you, insurance companies aren’t that generous. Any qualifying discounts will bring down your policy premiums.
The chart below shows the comparison of Volvo XC70 auto insurance rates with and without discounts applied. The data is based on a male driver, no claims or violations, Oklahoma state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, safe-driver, multi-policy, claim-free, and multi-car discounts applied.
Some companies that have many of the previously listed discounts include:
Double check with each company to apply every possible discount. Discounts may not apply in Tulsa. If you would like to choose from a list of providers who offer discounts in Oklahoma, click here.
Insurance coverage analysis
The table displayed next outlines estimates of insurance costs for Volvo XC70 models. Knowing how rate quotes are figured is important for drivers to make smart choices when selecting a coverage provider.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|XC70 3.2 AWD Station Wagon||$258||$490||$658||$38||$198||$1,642||$137|
|XC70 T6 AWD 4-Dr||$258||$564||$658||$38||$198||$1,716||$143|
|Get Your Own Custom Quote Go|
Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Price information does not factor in vehicle garaging location which can affect premiums noticeably.
The chart below demonstrates how deductibles and can influence Volvo XC70 insurance rates for different categories of driver ages. The information is based on a single male driver, comp and collision included, and no discounts are taken into consideration.
Full coverage versus liability only rates
The information below visualizes the comparison of Volvo XC70 auto insurance costs with and without physical damage coverage. The costs are based on a clean driving record, no claims, $500 deductibles, drivers are single, and no policy discounts are applied.
When to switch to liability coverage only
There is no clear-cut formula of when to stop paying for full coverage, but there is a broad guideline. If the yearly cost of full coverage is more than 10% of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.
For example, let’s assume your Volvo XC70 book value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $4,000 after the policy deductible has been paid. If you are paying in excess of $400 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.
There are some conditions where eliminating full coverage is not in your best interest. If you still have a loan on your vehicle, you have to keep full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not consider dropping full coverage.
Insurance agencies can find coverage gaps
Many drivers prefer to have an agent’s advice and that is a personal choice. A good thing about getting online price quotes is the fact that you can find cheap rate quotes and still have an agent to talk to.
By using this quick form, the coverage information is immediately sent to agents in your area who will give you bids for your business. You won’t need to visit any agencies due to the fact that quote results will go directly to your email. You can find better rates without the usual hassles of price shopping. If you wish to get a comparison quote from a specific insurance company, just jump over to their website to submit a rate quote request.
Finding the right insurance company is decision based upon more than just the quoted price. Any good agent in Tulsa should know the answers to these questions.
- Does the agency have a current Errors and Omissions policy?
- If your car is in the repair shop, do you have coverage for a rental car?
- Do you qualify for any additional discounts?
- Can glass repairs be made at your home?
- Do they see any coverage gaps in your plan?
- Do they offer accident forgiveness?
Types of auto insurance agents
When narrowing the list to find a reliable insurance agent, there are a couple of different types of agents and how they can service your needs differently. Auto insurance policy providers can be categorized as either independent or exclusive depending on the company they work for.
Agents that choose to be exclusive can only place business with one company such as Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents cannot provide rate quotes from other companies so they have to upsell other benefits. Exclusive insurance agents are highly trained on their products and sales techniques which helps them sell insurance even at higher premiums.
Shown below is a short list of exclusive agents in Tulsa who can help you get price quote information.
Independent Agents (or Brokers)
Independent agencies can sell policies from many different companies so as a result can place your coverage through many companies and potentially find a lower price. If you are not satisfied with one company, they simply switch companies in-house and that require little work on your part.
When comparing rate quotes, you will want to get some free quotes from a few independent agents to get the most accurate price comparison.
The following is a list of independent agents in Tulsa that are able to give price quote information.
Which is the best insurance?
When quoting and comparing the best insurance coverage for your personal vehicles, there really is not a one size fits all plan. Your financial needs are unique and your policy should reflect that.
Here are some questions about coverages that might help in determining if you would benefit from professional advice.
- Is my vehicle covered by my employer’s policy when using it for work?
- When should I remove my kid from my policy?
- Do I need more liability coverage?
- Are rock-chip repairs free?
- Am I better off with higher deductibles on my Volvo XC70?
- What is no-fault insurance?
- Should I carry comprehensive and collision coverage?
- Are all vehicle passengers covered by medical payments coverage?
- Am I covered if I have no license?
- Does my medical payments coverage pay my health insurance deductible?
If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area.
Detailed coverages of your car insurance policy
Understanding the coverages of your car insurance policy helps when choosing the best coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverages available from car insurance companies.
Coverage for uninsured or underinsured drivers
Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your Volvo XC70.
Since a lot of drivers only carry the minimum required liability limits (Oklahoma limits are 25/50/25), their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.
Comprehensive car insurance
Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims like damage from flooding, fire damage, hitting a bird and vandalism. The most you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Coverage for medical expenses
Coverage for medical payments and/or PIP pay for expenses like X-ray expenses, chiropractic care and hospital visits. The coverages can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. It covers you and your occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage
Coverage for collisions
Collision insurance pays for damage to your XC70 resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for claims such as hitting a mailbox, scraping a guard rail and sideswiping another vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to choose a higher deductible on your XC70 to bring the cost down.
Auto liability insurance
This provides protection from damages or injuries you inflict on a person or their property in an accident. This coverage protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 25/50/25 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and $25,000 of coverage for damaged property.
Liability can pay for claims like legal defense fees, medical services, funeral expenses, court costs and emergency aid. The amount of liability coverage you purchase is up to you, but buy as large an amount as possible. Oklahoma requires minimum liability limits of 25/50/25 but it’s recommended drivers buy more liability than the minimum.
The illustration below shows why buying minimum limits may not be adequate coverage.
You can find affordable coverage
When you buy Tulsa auto insurance online, it’s not a good idea to sacrifice coverage to reduce premiums. In many cases, an insured dropped comprehensive coverage or liability limits only to discover later that their decision to reduce coverage ended up costing them more. Your focus should be to purchase plenty of coverage at a price you can afford.
We covered many ideas to save on Volvo XC70 insurance in Tulsa. The key concept to understand is the more quotes you get, the more likely it is that you will get a better rate. Consumers may even find the most savings is with the least-expected company. Some small companies often have lower car insurance rates on specific markets as compared to the big name companies such as State Farm and Allstate.
Additional information can be read on the following sites:
- How to shop for a safer car (Insurance Institute for Highway Safety)
- Who Has the Cheapest Car Insurance for Single Moms in Tulsa? (FAQ)
- Who Has Affordable Tulsa Car Insurance Quotes for a Nissan Altima? (FAQ)
- Who Has the Cheapest Tulsa Auto Insurance Quotes for a 20 Year Old Male? (FAQ)
- Who Has the Cheapest Tulsa Auto Insurance Rates for a Ford Explorer? (FAQ)
- Medical Payments Coverage (Liberty Mutual)
- Parking Tips to Reduce Door Dings (State Farm)