Cheap Insurance for a Volvo XC60 in Anchorage

Amazingly, over 70% of consumers have remained with the same insurance company for a minimum of four years, and nearly the majority have never shopped around. Most drivers in the U.S. could pocket roughly $859 a year by just comparing quotes, but they underestimate the amount of savings they would get if they switch to a new company.

If your goal is the lowest price, then the best way to find affordable quotes for Volvo XC60 insurance is to start doing a yearly price comparison from different companies in Anchorage.

1. Spend a few minutes and learn about how insurance works and the modifications you can make to prevent expensive coverage. Many policy risk factors that drive up the price like your driving record and a poor credit score can be amended by making minor changes to your lifestyle. Keep reading for ideas to help prevent costly coverage and find hidden discounts.
2. Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can provide rates from one company like Progressive or Farmers Insurance, while independent agencies can provide prices from multiple companies.
3. Compare the new rate quotes to your existing coverage and determine if there is any savings. If you can save some money, verify that coverage does not lapse between policies.
4. Provide notification to your current company of your intention to cancel your current coverage. Submit any necessary down payment along with the completed application to your new insurance company. Be sure to keep the new certificate verifying coverage in an easily accessible location.

The key aspect of shopping around is to try to compare the same level of coverage on every quote and and to get price quotes from every company you can. Doing this enables an apples-to-apples comparison and a thorough selection of prices.

The purpose of this article is to let you in on the best way to quote coverages and some tricks to saving. If you have a policy now, you will definitely be able to get lower rates using the concepts covered in this article. Drivers just have to use the quickest method to compare company rates from many different companies online.

Analysis of coverages

The rate table below outlines detailed analysis of insurance policy prices for Volvo XC60 models. Being more informed about how insurance prices are determined is important for you to make smart choices when comparing insurance rates.

Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Rate quotes do not factor in garaging location in Anchorage which can influence premiums noticeably.

Comparison of policy deductibles

When comparing auto insurance rates, the most common question is which comprehensive and collision deductibles to buy. The rates shown below outline the price difference when you buy lower versus higher coverage deductibles. The first data table uses a $100 physical damage deductible and the second data table uses a $500 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Price estimates do not factor in specific Anchorage garaging location which can influence insurance rates greatly.

Based on the data above, we can derive that using a $100 deductible would cost the average driver about $21 more each month or $252 annually across all Volvo XC60 models than buying the higher $500 deductible. Because you would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to go at a minimum 19 months between claim filings, you would probably be better off if you choose the higher deductible.

Males versus Females

The diagram below illustrates the comparison of Volvo XC60 insurance costs for male and female drivers. The costs are based on no claims or driving citations, full physical damage coverage, $100 deductibles, single status, and no discounts are applied to the premium.

Insurance Premium Influencing Factors

Lots of factors are considered when pricing auto insurance. Some factors are common sense like an MVR report, although others are more obscure such as your credit history or how financially stable you are.

• Cheap auto insurance rates for being claim-free – Companies in Alaska award discounts to policyholders who only file infrequent claims. If you tend to file frequent claims, you can look forward to either a policy non-renewal or much higher rates. Insurance coverage is meant to be used in the event of claims that pose a financial burden.
• Get better rates after the wedding – Your spouse may cut your premiums on auto insurance. It usually means you are more mature than a single person and it’s proven that married drivers tend to file fewer claims.

• Avoid traffic tickets – Having just one citation may cause rates to rise by as much as thirty percent. Attentive drivers pay lower auto insurance prices as compared to careless drivers. Drivers with multiple violations like DUI, reckless driving or excessive speeding may need to prove financial responsibility to the state department of motor vehicles in order to continue driving.

  The information below highlights how speeding tickets and at-fault accidents can influence Volvo XC60 car insurance costs for each different age group. The premiums are based on a single male driver, full coverage, $250 deductibles, and no additional discounts are factored in.

• Pay more for higher performance vehicles – The make and model of the vehicle you need to insure makes a significant difference in the rate you pay. Smaller low performance passenger vehicles usually are quite affordable to insure, but the final cost of insurance is determined by many other factors.

  The next chart is based on a married male driver age 30, full coverage with $1000 deductibles, and no discounts or violations. The data compares Volvo XC60 insurance rates compared to other models of vehicles that have a range of performance rating factors.

• Safer cars means cheaper insurance – Vehicles that have high safety ratings tend to have lower insurance rates. Safe vehicles result in less severe injuries and fewer injuries means your insurance company pays less and thus lower rates.
• Safeguard your assets with liability coverage – Your policy’s liability coverage kicks in if ever a court rules you are at fault for physical damage or personal injury to other. It provides legal defense coverage to defend your case. This coverage is very inexpensive when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.

• Volvo XC60 insurance loss statistics – Companies analyze historical claim data when they set coverage costs for each model. Vehicles that have a trend towards higher claims will cost more for coverage.

  The data below shows the historical insurance loss data for Volvo XC60 vehicles. For each policy coverage, the claim probability for all vehicles compiled together is a value of 100. Numbers under 100 indicate a favorable loss history, while percentages above 100 show a trend for more claims or larger claims.

  
  

  Insurance Loss Ratings for Volvo XC60 Vehicles

  Specific Volvo Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Volvo XC60 4dr 2WD	79	74	70	60	53	55
  Volvo XC60 4dr 4WD	93	82	75	66	64	57

  BETTER

  AVERAGE

  WORSE

  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

How to find a good Anchorage car insurance company

Buying coverage from a good quality insurer is hard considering how many companies there are to choose from in Anchorage. The ranking information below could help you decide which companies you want to consider when shopping around.

Top 10 Anchorage Car Insurance Companies Ranked by Claims Service

1. State Farm
2. Esurance
3. AAA Insurance
4. Progressive
5. GEICO
6. Liberty Mutual
7. Allstate
8. The Hartford
9. The General
10. Farmers Insurance

Top 10 Anchorage Car Insurance Companies Overall

1. USAA
2. American Family
3. State Farm
4. The Hartford
5. AAA Insurance
6. GEICO
7. The General
8. Progressive
9. Allstate
10. Liberty Mutual

Smart consumers save more

Drivers leave their current company for many reasons like delays in paying claims, extreme rates for teen drivers, being labeled a high risk driver and unfair underwriting practices. Regardless of your reason, choosing a new company can be less work than you think.

When shopping online for insurance, don’t be tempted to reduce needed coverages to save money. There have been many cases where an accident victim reduced comprehensive coverage or liability limits and found out when filing a claim that the small savings ended up costing them much more. Your focus should be to purchase a proper amount of coverage for the lowest cost and still be able to protect your assets.

Lower-priced Volvo XC60 insurance in Anchorage is attainable on the web as well as from independent agents in Anchorage, and you should compare price quotes from both so you have a total pricing picture. Some insurance companies don’t offer online quoting and these small insurance companies sell through local independent agencies.

Additional detailed information can be read in these articles:

• How to shop for a safer car (Insurance Institute for Highway Safety)
• Who Has Cheap Anchorage Car Insurance Rates for 4×4 Vehicles? (FAQ)
• What Auto Insurance is Cheapest for First-time Drivers in Anchorage? (FAQ)
• Who Has Affordable Anchorage Auto Insurance Rates for Good Students? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for Drivers Requiring a SR22 in Anchorage? (FAQ)
• What Car Insurance is Cheapest for Electric Cars in Anchorage? (FAQ)
• Who Has Affordable Auto Insurance for Retired Military in Anchorage? (FAQ)
• Understanding Car Crashes Video (iihs.org)
• Think You’re a Safe Driver? (State Farm)
• Tread Depth and Tire Safety (State Farm)