Cheap Insurance for a Volvo XC60 in Colorado Springs

It’s an obvious statement that car insurance companies don’t want you to compare rates. Insureds who get comparison quotes at least once a year will, in all likelihood, buy a different policy because they stand a good chance of finding a lower-cost company. Surprisingly, a recent survey revealed that people who compared price quotes annually saved as much as $850 each year compared to other drivers who never shopped around for lower prices.

If saving money on auto insurance in Colorado Springs is your objective, then learning about how to shop and compare auto insurance can make it easier to find better rates.

The preferred way to get discount Volvo XC60 insurance is to compare prices at least once a year from providers that insure vehicles in Colorado Springs.

• Step 1: Read about coverages and the measures you can control to keep rates in check. Many factors that increase rates like multiple speeding tickets and a less-than-favorable credit score can be improved by making lifestyle changes or driving safer. Read the full article for more information to help reduce premium rates and find hidden discounts.
• Step 2: Get rate quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only provide price estimates from a single company like Progressive or Allstate, while independent agents can give you price quotes from multiple companies.
• Step 3: Compare the price quotes to your existing policy to see if a cheaper rate is available in Colorado Springs. If you can save some money, ensure coverage does not lapse between policies.
• Step 4: Provide notification to your current agent or company to cancel your current auto insurance policy and submit payment and a signed application for the new coverage. Once received, put the certificate of insurance with your registration paperwork.

The most important part of shopping around is to compare similar deductibles and liability limits on each quote and and to get rate quotes from as many companies as possible. This helps ensure an apples-to-apples comparison and a complete rate analysis.

If you have a policy now or need a new policy, you can use this information to find the best rates while maintaining coverages. Comparing rates for the cheapest auto insurance policy in Colorado Springs is simple if you know the tricks. Drivers just have to use the most effective way to get comparison quotes from many different companies online.

The auto insurance companies shown below offer price quotes in Colorado. If you wish to find the best auto insurance in Colorado, we recommend you get price quotes from several of them to get the best price comparison.

Colorado Springs insurance discounts for a Volvo XC60

Insuring your fleet can be pricey, but there could be significant discounts to help bring down the price. Certain discounts will be applied when you quote, but occasionally some discounts must be specifically requested prior to getting the savings.

• Savings for New Vehicles – Adding a new car to your policy can save up to 30% since new model year vehicles are generally safer.
• Federal Government Employee – Active or former government employment may qualify for a discount when you quote Colorado Springs auto insurance with some insurance companies.
• Bundle and Save – When you combine your auto and homeowners insurance with one insurance company you could earn a discount of up to 20% and get you the cheapest Volvo XC60 insurance in Colorado Springs.
• Air Bag Discount – Vehicles equipped with air bags and/or automatic seat belt systems may get savings of more than 20%.
• College Student Discount – College-age children who live away from home to go to college and won’t have access to an insured vehicle could get you a discount.

A quick disclaimer, most discount credits are not given to the overall cost of the policy. Most only reduce the price of certain insurance coverages like liability and collision coverage. Even though the math looks like you would end up receiving a 100% discount, you’re out of luck. Any amount of discount will lower your premiums.

The example below visualizes the comparison of Volvo XC60 insurance costs with and without discounts being applied to the rates. The premium estimates are based on a female driver, no driving violations, no at-fault accidents, Colorado state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, multi-car, homeowner, marriage, and safe-driver discounts applied.

Companies who may offer these discounts are:

• State Farm
• American Family
• AAA
• GEICO
• Mercury Insurance
• Farmers Insurance
• Progressive

Before buying, ask every insurance company how many discounts you can get. A few discounts might not be offered in Colorado Springs. For a list of insurance companies with the best Volvo XC60 insurance discounts in Colorado Springs, click here.

Detailed insurance information

The information displayed below outlines estimates of coverage prices for Volvo XC60 models. Understanding more about how insurance rates are calculated can aid in making smart choices when selecting a coverage provider.

Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Rate quotes do not factor in vehicle garaging location which can decrease or increase rates noticeably.

Deductible analysis

One common question asked by Colorado Springs drivers is where should you set your physical damage deductibles. The figures shown below approximate the costs and benefits when you buy lower versus higher coverage deductibles. The first data table uses a $250 comprehensive and collision deductible and the second set of rates uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Information does not factor in specific location information which can impact premiums greatly.

Based on these figures, using a $250 deductible will cost you roughly $27 more each month or $324 for a full year than choosing the higher $1,000 deductible. Since you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go at a minimum 28 months between claims, you would come out ahead going with the higher deductible.

Colorado auto insurance company ratings

Selecting a high-quality insurer is difficult considering how many choices drivers have in Colorado Springs. The rank data shown below may help you choose which companies to look at when shopping your coverage around.

Top 10 Colorado Springs Car Insurance Companies by A.M. Best Rank

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

Lower Your Colorado Springs Insurance Premiums

Lots of things are part of the equation when quoting car insurance. A few of the factors are predictable such as traffic violations, but others are less obvious like your vehicle usage or how financially stable you are.

Save money by eliminating extra coverages – Insurance companies have many add-on coverages you can purchase if you aren’t careful. Add-on coverages like coverage for rental cars, high-cost glass coverage, and term life insurance may not be needed and are just wasting money. You may think they are a good idea when you first buy your policy, but if you don’t need them remove them and pocket the money.

Adjust comp and collision deductibles and save – Comp and collision deductibles are the amount of money the insured will be required to pay if a claim is determined to be covered. Coverage for physical damage, aka comp and collision, is used to repair damage to your car. Some examples of covered claims would be rear-ending another vehicle, animal collisions, and having a roll-over accident. The more damage repair cost you have to pay, the bigger discount you will receive.

Drive less and save – Driving more miles annually the higher your rate. Most insurance companies price each vehicle’s coverage based upon how you use the vehicle. Cars and trucks left parked in the garage get more affordable rates than vehicles that are driven to work every day. Make sure your insurance policy states the correct driver usage. Having an incorrect usage rating on your XC60 may be wasting your money.

Obey driving laws and save – Whether or not you get tickets impacts your car insurance rates tremendously. Even one citation may increase your cost by twenty percent. Careful drivers get better prices as compared to careless drivers. Drivers who have multiple violations like reckless driving or DUI might be required by their state to file a SR-22 with their state DMV in order to prevent their license from being revoked.

The diagram below illustrates how speeding tickets and at-fault claims can influence Volvo XC60 insurance costs for each age group. The price estimates are based on a single male driver, full coverage, $100 deductibles, and no discounts are taken into consideration.

Certain vocations raise rates – Careers such as doctors, executives, and financial analysts generally pay higher average rates because of intense work requirements and lengthy work days. On the other hand, professions such as actors, engineers and the unemployed pay the least.

Marriage is a good thing – Having a significant other actually saves money when shopping for insurance. Marriage may mean you are less irresponsible and insurance companies like that married drivers tend to have fewer serious accidents.

Big city or small town – Having an address in less populated areas is a good thing when it comes to insurance. Drivers who live in large cities tend to have more traffic problems and longer commutes to work. Fewer drivers on the road means fewer accidents as well as less vandalism and auto theft.

Insurance loss probability for a Volvo XC60 – Insurance companies analyze past claim statistics to help determine rates. Models that historically have higher frequency or amount of claims will have a higher premium rate.

The next table shows the collected loss data for Volvo XC60 vehicles. For each type of coverage, the statistical loss for all vehicles averaged together is represented as 100. Values that are 100 or less indicate better than average losses, while values over 100 indicate more frequent losses or larger claims.