Car Insurance Rates for a Volvo S80 in Tulsa

Discount Volvo S80 insuranceReally, the only way to find affordable quotes for auto insurance rates is to regularly compare price quotes from companies who provide auto insurance in Tulsa. You can compare prices by following these steps.

  1. It will benefit you to learn about what is in your policy and the changes you can make to prevent expensive coverage. Many things that result in higher prices such as at-fault accidents, speeding tickets, and your credit history can be rectified by paying attention to minor details.
  2. Quote rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give prices from one company like GEICO and Allstate, while independent agencies can quote prices from multiple companies.
  3. Compare the new quotes to the price on your current policy and determine if there is any savings. If you find better rates, ensure there is no coverage lapse between policies.

The critical component of shopping around is that you use the same coverage limits and deductibles on each quote and and to compare as many companies as possible. This guarantees an apples-to-apples comparison and the best price selection.

It’s shocking but most auto insurance buyers in Oklahoma have bought auto insurance from the same company for over three years, and virtually 40% of consumers have never shopped around. Most drivers in the U.S. could save an average of roughly $850 each year, but they think it’s difficult to go online and compare rates.

If you have a current auto insurance policy or need new coverage, follow these tips to lower your rates while maximizing coverage. Choosing the most cost-effective auto insurance policy in Tulsa is much easier if you have a good place to start. Vehicle owners only need to know the most time-saving way to find the lowest price from many different companies.

Finding cheap auto insurance rates is actually quite simple. You just need to spend a little time to get quotes to find out which insurance company has the cheapest Volvo S80 rate quotes.

Doing online quotes comparisons is so easy that it takes the place of having to drive to local insurance agencies. Buying insurance online eliminates this option unless you prefer the advice and guidance of a local agent. It is possible to price shop online but still have the advice of a local agent.

The companies in the list below are our best choices to provide price comparisons in Tulsa, OK. If you wish to find cheap car insurance in Tulsa, we suggest you get price quotes from several of them to find the most affordable auto insurance rates.

Car insurance is not optional in Oklahoma

Despite the high insurance cost for a Volvo S80 in Tulsa, maintaining insurance is required by state law in Oklahoma and it also provides benefits you may not be aware of.

First, the majority of states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific limits of liability insurance if you don’t want to risk a ticket. In Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you took out a loan on your S80, more than likely the lender will have a requirement that you carry insurance to ensure loan repayment if the vehicle is totaled. If the policy lapses, the lender may insure your Volvo at a much higher rate and force you to pay for the expensive policy.

Third, insurance protects not only your car but also your assets. It will also pay for many types of medical costs for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, will also pay attorney fees if anyone sues you for causing an accident. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.

The benefits of buying car insurance outweigh the cost, especially if you ever need it. According to a survey of 1,000 drivers, the average driver is overpaying more than $700 annually so you should quote your policy with other companies at every policy renewal to make sure the price is not too high.

Rate information and statistics

The premium information displayed next showcases different insurance prices for Volvo S80 models. Learning a little about how premiums are formulated can be useful when making smart policy decisions.

Volvo S80 Insurance Rates in Tulsa, OK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S80 3.2 $232 $514 $506 $30 $152 $1,434 $120
S80 T6 AWD $232 $514 $506 $30 $152 $1,434 $120
S80 Executive AWD $232 $580 $506 $30 $152 $1,500 $125
S80 V8 AWD $256 $580 $506 $30 $152 $1,524 $127
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Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Table data does not factor in the specific area where the vehicle is garaged which can affect coverage rates greatly.

An analysis of deductible level

When shopping for car insurance, a common question is how high should the physical damage deductibles be. The premium rates below outline the rate difference between low and high insurance deductibles. The first data table uses a $100 deductible for comprehensive and collision coverage and the second data table uses a $1,000 deductible.

Volvo S80 insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S80 3.2 $486 $946 $448 $26 $134 $2,065 $172
S80 T6 AWD $486 $946 $448 $26 $134 $2,065 $172
S80 Executive AWD $486 $1070 $448 $26 $134 $2,189 $182
S80 V8 AWD $536 $1070 $448 $26 $134 $2,239 $187
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Volvo S80 insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S80 3.2 $270 $498 $448 $26 $134 $1,376 $115
S80 T6 AWD $270 $498 $448 $26 $134 $1,376 $115
S80 Executive AWD $270 $564 $448 $26 $134 $1,442 $120
S80 V8 AWD $296 $564 $448 $26 $134 $1,468 $122
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Table data does not factor in the specific area where the vehicle is garaged which can raise or lower prices significantly.

Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you roughly $60 more each month or $720 every year across all Volvo S80 models than buying the higher $1,000 deductible. Since you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at least 15 months between claims, you would more than likely save some money if you elect the higher deductible. The table below shows an example of how we made this calculation.

Average monthly premium for $100 deductibles: $178
Average monthly premium for $1,000 deductibles (subtract): – $118
Monthly savings from raising deductible: $60
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $60
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One thing to be aware of is that higher deductibles means you will have to pay more of your own money when you have to file a claim. You need to make sure you have some savings in the bank in the event you need to pay the deductible for vehicle repair.

The illustration below demonstrates how choosing different deductibles and can impact Volvo S80 insurance premiums for different insured age categories. The prices are based on a married female driver, comp and collision included, and no policy discounts are applied.

Driving violations and accidents

The information below shows how violations and at-fault fender-benders impact Volvo S80 insurance costs for different age groups. The rate quotes are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no policy discounts are applied.

Do you qualify for discounts on Volvo S80 insurance in Tulsa?

Some insurers do not advertise the complete list of policy discounts very clearly, so here is a list some of the more common and also the more inconspicuous credits that you can use to lower your rates.Discount car insurance

A quick disclaimer, some credits don’t apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as comp or med pay. So even though it sounds like having all the discounts means you get insurance for free, you won’t be that lucky.

The example below visualizes the comparison of Volvo S80 insurance premiums with and without policy discounts. The information is based on a female driver, a clean driving record, no at-fault accidents, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, multi-policy, marriage, homeowner, and multi-car discounts applied.

A list of car insurance companies and their possible discounts can be found below.

Before you buy a policy, ask every insurance company what discounts are available to you. Some discounts listed above may not apply to policies in Tulsa.