Cheapest Quotes for Volvo S40 Insurance in Tulsa

It’s well known that car insurance companies don’t want their policyholders to compare prices. Insureds who get price quotes annually are inclined to switch insurance companies because of the high probability of finding a cheaper policy. Remarkably, a study showed that consumers who shopped around every year saved on average $3,400 over four years compared to policyholders who never compared rates.

If finding the cheapest price for auto insurance is why you’re here, then learning about how to quote prices and compare car insurance can help simplify the process.

Insurance for Volvo S40If saving money is your primary concern, then the best way to get discount Volvo S40 insurance in Tulsa is to compare quotes once a year from providers in Oklahoma.

  1. Try to understand individual coverages and the things you can control to prevent rate increases. Many factors that cause high rates such as accidents, careless driving, and poor credit history can be rectified by making minor driving habit or lifestyle changes.
  2. Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from one company like GEICO or State Farm, while independent agents can provide rate quotes from multiple insurance companies. View a list of agents
  3. Compare the new rate quotes to the premium of your current policy and see if you can save money. If you can save some money, ensure there is no coverage lapse between policies.
  4. Provide notification to your current agent or company of your intent to cancel your existing policy. Submit a down payment along with a signed application to your new company or agent. Once the application is submitted, safely store the certificate verifying proof of insurance somewhere easily accessible.

A tip to remember is to make sure you enter the same coverage limits and deductibles on each price quote and and to get rate quotes from as many auto insurance providers as possible. Doing this ensures a fair rate comparison and maximum price selection.

Locating the best rates in Tulsa is really quite simple as long as you have a good starting point. If you have a current auto insurance policy, you stand a good chance to be able to find the best rates using these techniques. Shoppers only need to know the quickest method to buy auto insurance from multiple carriers.

Facts and figures for Volvo S40 insurance

The information shown next covers detailed analysis of coverage costs for Volvo S40 models. Being aware of how insurance quotes are determined can be valuable when making smart choices when comparing insurance quotes.

Volvo S40 Insurance Rates in Tulsa, OK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S40 2.4I $308 $544 $458 $28 $136 $1,474 $123
S40 T5 $308 $544 $458 $28 $136 $1,474 $123
S40 T5 AWD R-Design $308 $544 $458 $28 $136 $1,474 $123
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Table data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Premium costs do not factor in your specific Tulsa location which can modify rates noticeably.

Car insurance deductibles

When buying car insurance, a common question is where should you set your physical damage deductibles. The comparisons below help summarize the differences in premium rates when you buy lower versus higher policy deductibles. The first data table uses a $250 deductible and the second set of rates uses a $1,000 deductible.

Volvo S40 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S40 2.4I $392 $688 $448 $26 $134 $1,713 $143
S40 T5 $392 $688 $448 $26 $134 $1,713 $143
S40 T5 AWD R-Design $392 $688 $448 $26 $134 $1,713 $143
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Volvo S40 insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S40 2.4I $242 $432 $448 $26 $134 $1,282 $107
S40 T5 $242 $432 $448 $26 $134 $1,282 $107
S40 T5 AWD R-Design $242 $432 $448 $26 $134 $1,282 $107
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Rates do not factor in specific garaging location which can raise or lower coverage rates significantly.

Based on the data above, we can derive that using a $250 deductible costs approximately $36 more each month or $432 every year than buying the higher $1,000 deductible. Due to the fact that you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have at a minimum 21 months between claims, you would probably come out ahead if you elect the higher deductible. Here is how you can come to your own conclusion.

Average monthly premium for $250 deductibles: $143
Average monthly premium for $1,000 deductibles (subtract): – $107
Monthly savings from raising deductible: $36
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $36
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

One important note is that raising deductibles to get cheaper rates means you will have to pay more out-of-pocket when you have a physical damage claim. That will force you to have some available funds in the event you need to pay the deductible for vehicle repair.

Careless Tulsa drivers pay higher rates

The information below shows how traffic citations and accidents can impact Volvo S40 car insurance costs for different age categories. The information is based on a married male driver, full coverage, $1,000 deductibles, and no policy discounts are applied.

Insurance policy discounts for Volvo S40 insurance in Tulsa

The price of auto insurance can be rather high, but there may be some discounts to reduce the price significantly. Some trigger automatically at the time you complete a quote, but occasionally some discounts must be manually applied before you get the savings.Save money with discounts

We need to note that most discount credits are not given to the overall cost of the policy. The majority will only reduce the price of certain insurance coverages like comp or med pay. Despite the appearance that all those discounts means the company will pay you, you won’t be that lucky.

The example below compares Volvo S40 auto insurance rates with and without discounts applied. The data is based on a female driver, no claims or driving violations, Oklahoma 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, multi-policy, multi-car, marriage, homeowner, and claim-free discounts applied.

Companies and the discounts they provide include:

Check with all companies you are considering how many discounts you can get. All car insurance discounts may not apply in Tulsa. To find insurance companies with discount insurance rates in Oklahoma, click here to view.

The coverage is in the details

Understanding the coverages of auto insurance aids in choosing the right coverages and the correct deductibles and limits. Auto insurance terms can be difficult to understand and nobody wants to actually read their policy. Below you’ll find typical coverages available from auto insurance companies.

Auto liability insurance – Liability coverage will cover damage or injury you incur to a person or their property that is your fault. This insurance protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged property.

Liability insurance covers claims like funeral expenses, loss of income, structural damage and pain and suffering. The amount of liability coverage you purchase is a personal decision, but consider buying as high a limit as you can afford. Oklahoma requires minimum liability limits of 25/50/25 but it’s recommended drivers buy higher limits.

The illustration below shows why the minimum limit may not be enough coverage.

Collision coverage – Collision coverage will pay to fix damage to your S40 caused by collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as backing into a parked car, driving through your garage door, crashing into a ditch, hitting a mailbox and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. You can also bump up the deductible on your S40 in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and damage to your Volvo S40.

Since many Oklahoma drivers only purchase the least amount of liability that is required (which is 25/50/25), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Comprehensive insurance – Comprehensive insurance covers damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things like fire damage, damage from getting keyed, falling objects and hitting a bird. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance pay for immediate expenses for dental work, funeral costs, ambulance fees and doctor visits. They can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Tulsa auto insurance companies ranked

Picking a highly-rated auto insurance provider can be rather challenging considering how many different companies there are to choose from in Tulsa. The ranking information shown below may help you select which auto insurers to look at shopping prices with.

Top 10 Tulsa Car Insurance Companies Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance

Top 10 Tulsa Car Insurance Companies by A.M. Best Rank

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Titan Insurance – A+
  6. Esurance – A+
  7. Progressive – A+
  8. The Hartford – A+
  9. Allstate – A+
  10. Nationwide – A+

Cheaper car insurance premiums are possible

We just showed you many ways to shop for Volvo S40 insurance online. The most important thing to understand is the more rate comparisons you have, the better likelihood of getting inexpensive Tulsa auto insurance quotes. You may even find the lowest premium rates come from a lesser-known regional company. These companies may cover specific market segments cheaper than their larger competitors like Allstate and Progressive.

Cheaper Volvo S40 insurance in Tulsa is attainable online in addition to local insurance agencies, so you should be comparing quotes from both to have the best rate selection. Some insurance companies may not provide rates over the internet and most of the time these smaller providers prefer to sell through independent agents.

As you restructure your insurance plan, make sure you don’t skimp on coverage in order to save money. In many instances, someone sacrificed liability coverage limits only to find out that their decision to reduce coverage ended up costing them more. The aim is to purchase a proper amount of coverage at the best possible price, but don’t skip important coverages to save money.

Much more information about car insurance in Oklahoma is available below: