Sadly, the vast majority of consumers kept their coverage with the same insurance company for more than four years, and almost half have never shopped around. Most drivers in Anchorage could save nearly 35% each year, but they don’t know how much savings they would realize if they switched.
Really, the only way to find lower priced Volvo V60 insurance is to compare prices regularly from insurance carriers in Anchorage. You can shop around by following these guidelines.
First, it will benefit you to learn about coverages and the things you can change to lower rates. Many rating criteria that result in higher rates like your driving record and poor credit history can be rectified by making minor changes to your lifestyle. Read the full article for instructions to prevent rate hikes and find missing discounts.
Second, obtain price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like GEICO and Allstate, while agents who are independent can quote prices from multiple companies. View rates
Third, compare the new quotes to your current policy and determine if there is any savings. If you find a better price and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
One key aspect of rate comparisons is to make sure you’re comparing the same physical damage deductibles and liability limits on every price quote and and to get rates from as many different companies as possible. Doing this guarantees a fair price comparison and the best price selection.
Finding affordable insurance coverage in Anchorage seems hard but is not really that difficult. If you are already insured or are looking for a new policy, use these tips to save money and still have adequate protection. Shoppers just need to know the quickest method to find the lowest price over the internet.
What Affects Volvo V60 Insurance Prices?
Many different elements are part of the calculation when you get your auto insurance bill. Some factors are common sense such as traffic violations, but others are less obvious such as your marital status and annual miles driven. Smart consumers have a good feel for some of the factors that play a part in calculating your insurance rates. If you know what determines premiums, this helps enable you to make changes that could help you find lower rates.
Avoid unnecessary extra policy coverages – Insurance companies have many optional add-on coverages that you can buy but may not be useful. Coverages for personal injury protection, high-cost glass coverage, and additional equipment coverage may be wasting your money. These may sound like a good investment when you first buy your policy, but if they’re wasting money remove them from your policy.
Don’t get traffic citations – Whether or not you get tickets has a lot to do with how much you pay for insurance. Only having one citation could increase your next policy renewal forty percent or more. Drivers who don’t get tickets get better prices as compared to those with violations. Drivers who have flagrant tickets like DUI or reckless driving might be required by their state to complete a SR-22 to the state department of motor vehicles in order to continue driving.
Gender as a rate factor – Statistics have proven that women are safer drivers than men. The data does not necessarily mean that men are worse drivers. Females and males are in auto accidents in similar percentages, but men get into accidents with more damage. Not only that, but men also get more serious tickets like DUI and reckless driving. Male teenagers cause the most accidents and therefore are the most expensive to insure.
Location can influence price – Residing in a small town has definite advantages if you are looking for the lowest rates. City drivers tend to have much more traffic and more severe claims. Fewer drivers corresponds to lower accident rates and lower theft and vandalism rates.
More policies can equal more savings – Most major insurance companies will award lower prices to people that have more than one policy, otherwise known as a multi-policy discount. The amount of the discounts can be anywhere from five to ten percent in most cases. Even if you already get this discount, drivers will still want to shop around to make sure you are getting the best deal.
Liability insurance claims can be big – Your policy’s liability coverage is the coverage that protects you in the event that you are found liable for an accident. It will provide for a legal defense to defend your case. This coverage is relatively inexpensive compared to comp and collision, so buy as much as you can afford.
Volvo V60 insurance claim data – Companies include the past claim trends for vehicles to help set a rate to offset losses. Models that are shown to have higher frequency or amount of claims will have higher rates for specific coverages. The data below shows the loss history for Volvo V60 vehicles.
For each coverage category, the statistical loss for all vehicles, regardless of make, model or trim level, is represented as 100. Values that are under 100 mean the vehicle has better than average losses, while numbers above 100 point to more frequent losses or an increased probability of a larger loss.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Volvo V60 2WD||68||53|
|Volvo V60 4WD||136||75|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Buy Anchorage Volvo V60 insurance online
The providers in the list below have been selected to offer price comparisons in Anchorage, AK. If multiple companies are listed, we recommend you click on several of them to get the most competitive price.
Three main reasons to buy auto insurance
Even though it’s not necessarily cheap to insure a Volvo in Anchorage, insuring your vehicle is required by state law in Alaska and it also provides benefits you may not be aware of.
- Most states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a specific level of liability insurance if you don’t want to risk a ticket. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a lien on your vehicle, most banks will make it mandatory that you have physical damage coverage to guarantee loan repayment. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Volvo at a significantly higher premium and require you to fork over for the expensive policy.
- Auto insurance preserves not only your Volvo but also your assets. Insurance will also pay for medical expenses for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney if you are sued as the result of your driving. If your Volvo gets damaged, collision and comprehensive coverages will pay to repair the damage.
The benefits of having auto insurance definitely exceed the cost, especially if you ever need it. The average driver in America is wasting up to $830 a year so you should quote rates at every renewal to help ensure money is not being wasted.
Don’t neglect these discounts on Volvo V60 insurance in Anchorage
Companies don’t always list all possible discounts very clearly, so we break down a few of the more well known and also the lesser-known discounts that you can inquire about if you buy Anchorage auto insurance online.
- Own a Home – Owning your own home or condo can earn you a little savings since home ownership is proof that your finances are in order.
- Federal Government Employee – Employees or retirees of the government could provide a small rate reduction with some car insurance companies.
- Military Deployment Discount – Being on active duty in the military could be rewarded with lower prices.
- Discount for Passive Restraints – Vehicles with factory air bags or automatic seat belts could see savings of 25 to 30%.
- Early Signing – Some car insurance companies give discounts for renewing your policy prior to your current V60 insurance policy expiring. Ten percent is about the average savings.
- Accident-Free Discounts – Claim-free drivers pay much less in comparison with frequent claim filers.
- Student Discount for Driver Training – Cut your cost by having your teen driver enroll in driver’s education as it can save substantially.
- Telematics Data Discounts – Insureds that choose to allow driving data collection to scrutinize driving manner through the use of a telematics system such as Snapshot from Progressive or Drivewise from Allstate might get better premium rates if they are good drivers.
- Defensive Driver – Taking part in a driver safety course can save you 5% or more depending on where you live.
- Theft Prevention Discount – Cars and trucks equipped with tracking devices and advanced anti-theft systems are stolen less frequently and can earn a small discount on your policy.
As a disclaimer on discounts, most discount credits are not given to the entire cost. The majority will only reduce the price of certain insurance coverages like medical payments or collision. So even though you would think you could get a free car insurance policy, it’s just not the way it works.
To locate providers who offer car insurance discounts in Anchorage, click here.
Buying from insurance agencies
Some people just want to buy from a licensed agent and that is recommended in a lot of cases Professional agents can make sure you are properly covered and help in the event of a claim. A good thing about price shopping on the web is you may find cheap auto insurance rates and still choose a local agent.
Upon completion of this form (opens in new window), the quote information is immediately sent to insurance agents in Anchorage who will give you bids for your coverage. It makes it easy because there is no need to drive around because quoted prices will be sent to you instantly. If you need to quote rates from one company in particular, don’t hesitate to go to their quote page and complete a quote there.
Finding the right insurer needs to be determined by more than just the quoted price. The following questions are important to ask.
- Do they assist clients in filing claims?
- What will you get paid if your car is a total loss? How is that amount determined?
- Does the quote include credit and driving reports?
- If independent agents, which companies do they recommend?
- Is there a local claims center in Anchorage?
- What insurance companies do they work with in Anchorage?
- Will they take your side in the event of a claim?
If you would like to find a local Anchorage insurance agent, it’s helpful to know the types of agencies and how they work. Anchorage agents can be described as either exclusive agents or independent agents. Both types can insure your vehicles, but it is a good idea to know how they are different because it can factor into which type of agent you select.
Exclusive agencies can only write with one company like Farmers Insurance and State Farm. They generally cannot compare rates from other companies so always compare other rates. These agents are highly trained on sales techniques which helps them sell insurance even at higher premiums.
Shown below are Anchorage exclusive insurance agencies willing to provide rate quotes.
Independent Auto Insurance Agents
Agents that elect to be independent do not sell for just one brand so they can insure your vehicles through many companies and get the cheapest rates. If you are not satisfied with one company, an independent agent can move your coverage which requires no work on your part. If you need lower rates, you will definitely want to contact a couple of independent agencies to maximize your price options.
The following are independent insurance agencies in Anchorage that are able to give price quote information.
Cheaper insurance premiums are out there
As you go through the steps to switch your coverage, do not buy poor coverage just to save money. In too many instances, drivers have reduced physical damage coverage only to regret that their decision to reduce coverage ended up costing them more. The proper strategy is to purchase plenty of coverage for the lowest price while not skimping on critical coverages.
We just showed you a lot of techniques to lower your Volvo V60 insurance premium rates in Anchorage. The key thing to remember is the more quotes you get, the higher your chance of finding inexpensive Anchorage auto insurance quotes. You may even find the lowest priced insurance comes from a company that doesn’t do a lot of advertising. Some small companies may only write in your state and offer lower prices than their larger competitors like Progressive or GEICO.
- Side Impact Crash Tests (iihs.org)
- How Much are Car Insurance Quotes for Ride Shares in Anchorage? (FAQ)
- Who Has Cheap Auto Insurance Rates with Multiple Speeding Tickets in Anchorage? (FAQ)
- Who Has the Cheapest Car Insurance Rates for Drivers with Bad Credit in Anchorage? (FAQ)
- How Much are Anchorage Auto Insurance Quotes for High Mileage Drivers? (FAQ)
- Who Has Cheap Auto Insurance Rates for a Chevrolet Equinox in Anchorage? (FAQ)
- What Auto Insurance is Cheapest for 17 Year Olds in Anchorage? (FAQ)
- How Much is Car Insurance for Good Drivers in Anchorage? (FAQ)
- Should I Buy a New or Used Car? (Allstate)
- Young Drivers: The High Risk Years Video (iihs.org)