Cheap Insurance for a Volvo C70 in Tulsa

Insurance for Volvo C70To save the most money, the best way to find the cheapest price for Volvo C70 insurance is to compare prices annually from insurers that sell auto insurance in Tulsa. You can shop around by following these steps.

First, spend some time learning about how companies price auto insurance and the modifications you can make to prevent expensive coverage. Many policy risk factors that cause high rates like traffic violations and a lousy credit rating can be controlled by paying attention to minor details.

Second, compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from one company like GEICO and Allstate, while agents who are independent can provide prices for a wide range of companies.

Third, compare the new rates to your existing rates and determine if there is any savings. If you find a better price and change companies, make sure coverage does not lapse between policies.

One tip to remember is to try to compare the same physical damage deductibles and liability limits on each price quote and and to get price quotes from every company you can. Doing this enables a fair rate comparison and a better comparison of the market.

Unbelievable but true, most auto insurance customers have stayed with the same insurance company for at least the last four years, and roughly 40% of drivers have never even compared quotes to find affordable rates. Oklahoma drivers could save an average of 35% each year just by comparing rates, but most tend to underestimate the big savings they would realize if they switched.

Statistics and details

The information displayed next showcases different policy rates for Volvo C70 models. Having knowledge of how policy rates are figured can benefit drivers when making informed decisions.

Volvo C70 Insurance Rates in Tulsa, OK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C70 T5 2-Dr Convertible $208 $446 $334 $20 $100 $1,108 $92
Get Your Own Custom Quote Go

Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Prices do not factor in your specific Tulsa location which can lower or raise rates considerably.

Physical damage deductibles

A question often asked by Tulsa drivers is which deductible level should you buy. The data tables below approximate how much more you’ll pay between high and low comp and collision deductibles. The first set of prices uses a $100 deductible for comp and collision and the second price table uses a $1,000 deductible.

Volvo C70 insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C70 T5 2-Dr Convertible $436 $822 $296 $18 $88 $1,685 $140
Get Your Own Custom Quote Go

Volvo C70 insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C70 T5 2-Dr Convertible $242 $432 $296 $18 $88 $1,076 $90
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Price information does not factor in garaging location in Tulsa which can decrease or increase auto insurance rates significantly.

Based on the data above, we can derive that using a $100 deductible costs about $50 more each month or $600 each year than choosing the higher $1,000 deductible. Since you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to average more than 18 months between claims, you would probably come out ahead by selecting a higher deductible. Below is an example of how you can make this decision for your own policy.

Average monthly premium for $100 deductibles: $140
Average monthly premium for $1,000 deductibles (subtract): – $90
Monthly savings from raising deductible: $50
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $50
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

One important issue to know is that raising deductibles to save money means you pay more out-of-pocket when you have a physical damage claim. You need enough money stashed away in the event you need to pay the higher deductible in order to repair your vehicle.

Age, gender, and Volvo C70 insurance

The information below illustrates the difference between Volvo C70 insurance costs for male and female drivers. The premium estimates are based on no accidents, no driving violations, comprehensive and collision coverage, $100 deductibles, single status, and no discounts are applied to the premium.

Price comparison of only insuring for liability

The information below compares Volvo C70 insurance costs with full physical damage coverage and with liability coverage only. The data is based on no violations or claims, $1,000 deductibles, single status, and no other discounts are factored in.

Guidelines for eliminating full coverage

There is no clear-cut formula for phasing out physical damage coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is 10% or more of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

For example, let’s say your Volvo C70 settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $3,000 after the deductible is paid. If you are currently paying more than $300 annually for your policy with full coverage, then you might consider buying liability only.

There are some situations where only buying liability is not a good idea. If you still owe a portion of the original loan, you have to keep full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should keep full coverage.

Volvo C70 Insurance Premiums Can Be More Affordable

Many factors are taken into consideration when pricing auto insurance. Some factors are common sense such as traffic violations, but other factors are not quite as obvious like where you live and annual miles driven.

The following are some of the most rate-impacting factors used by your company to calculate premiums.

Where you live plays a part – Being located in a small town has definite advantages when talking about insurance. Fewer drivers on the road translates into fewer accident claims in addition to lower liability claims. Residents of big cities have to deal with more traffic problems and a longer drive to work. More time commuting means higher likelihood of an accident.

Don’t get traffic citations – A bad driving record has a lot to do with how much you pay for insurance. Only having one chargeable violation can increase rates by as much as twenty percent. Attentive drivers get better rates as compared to careless drivers. People who have flagrant tickets such as DUI, reckless driving or excessive speeding may be required to complete a SR-22 with their state’s department of motor vehicles in order to legally drive.

The illustration below demonstrates how citations and at-fault accidents raise Volvo C70 insurance costs for each different age category. The rate quotes are based on a married female driver, full physical damage coverage, $100 deductibles, and no discounts are applied.

Frequent claims increase insurance rates – If you tend to file frequent claims, you can expect either policy cancellation or increased premiums. Auto insurance companies in Oklahoma provide most affordable rates to insureds that do not abuse their auto insurance. Auto insurance is intended for claims that you cannot pay yourself.

The type of car you drive affects your costs – The type of car or truck you need to insure makes a big difference in your premium level. The lowest rates will generally be found on lower cost passenger models, but other factors influence the final cost greatly.

The data below uses these assumptions: married female driver age 50, full coverage with $100 deductibles, and no discounts or violations. It illustrates Volvo C70 insurance premiums compared to other models of vehicles that have a range of performance rating factors.

More effort can pay off

Throughout this article, we presented quite a bit of information on how to shop for Volvo C70 insurance online. The key thing to remember is the more times you quote, the better chance you’ll have of finding inexpensive Tulsa auto insurance quotes. Consumers could even find that the biggest savings come from some of the lesser-known companies. They can often insure niche markets at a lower cost compared to the large companies like Allstate and Progressive.

When you buy Tulsa auto insurance online, make sure you don’t sacrifice coverage to reduce premiums. In many cases, consumers will sacrifice full coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy the best coverage you can find at the best cost, but do not skimp to save money.

Budget-friendly insurance in Tulsa can be bought from both online companies and from local agencies, so you should compare both in order to have the best price selection to choose from. There are still a few companies who do not offer online price quotes and most of the time these small insurance companies only sell through independent agents.

To read more, feel free to browse the resources below: