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.

Insurance rates Volvo XC60 in AnchorageIf 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.

Volvo XC60 Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC60 3.2 2WD $202 $436 $262 $16 $78 $994 $83
XC60 3.2 AWD $228 $436 $262 $16 $78 $1,020 $85
XC60 T6 AWD AWD $228 $514 $262 $16 $78 $1,098 $92
XC60 T6-R AWD AWD $254 $514 $262 $16 $78 $1,124 $94
Get Your Own Custom Quote Go

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.

Volvo XC60 insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC60 3.2 2WD $234 $422 $232 $14 $70 $997 $83
XC60 3.2 AWD $264 $422 $232 $14 $70 $1,027 $86
XC60 T6 AWD AWD $264 $498 $232 $14 $70 $1,103 $92
XC60 T6-R AWD AWD $294 $498 $232 $14 $70 $1,133 $94
Get Your Own Custom Quote Go

Volvo XC60 insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC60 3.2 2WD $170 $286 $232 $14 $70 $772 $64
XC60 3.2 AWD $192 $286 $232 $14 $70 $794 $66
XC60 T6 AWD AWD $192 $336 $232 $14 $70 $844 $70
XC60 T6-R AWD AWD $214 $336 $232 $14 $70 $866 $72
Get Your Own Custom Quote Go

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.

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: