Save Money on Volvo V50 Insurance in Boston

Insurance for Volvo V50Want a free price quotes on the cheapest Volvo V50 insurance in Boston? Are you at wits end from sacrificing other expenses to buy auto insurance? Your situation is no different than many other Massachusetts consumers.

Anyone knows that car insurance companies don’t want policyholders to compare prices from other companies. People who shop around for a cheaper policy are inclined to buy a different policy because they have a good chance of finding a lower rate. A recent auto insurance study revealed that drivers who shopped around every year saved approximately $3,450 over four years as compared to drivers who never compared prices.

If finding budget-friendly insurance in Boston is your ultimate target, then having a grasp of the best way to shop and compare auto insurance can make it simple to find affordable coverage.

How to find low-cost rates for Volvo V50 insurance in Boston

It takes a few minutes, but the best way to find more affordable auto insurance rates is to start comparing rates regularly from providers who sell auto insurance in Boston. Rate comparisons can be done by following these steps.

  1. Read about policy coverages and the measures you can take to prevent expensive coverage. Many rating factors that cause rate increases like at-fault accidents, careless driving, and a less-than-favorable credit rating can be remedied by making small lifestyle or driving habit changes.
  2. Compare rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from one company like Progressive or State Farm, while independent agents can provide prices for many different companies.
  3. Compare the quotes to your existing coverage and determine if there is any savings. If you can save some money and change companies, make sure there is no coverage gap between policies.
  4. Notify your company or agent of your intent to cancel your current car insurance policy. Submit the application along with any required down payment to the new company. As soon as you receive it, put the proof of insurance certificate in an easily accessible location.

A good tip to remember is that you use the same coverage limits and deductibles on every quote request and and to get rates from as many companies as you can. Doing this ensures a fair rate comparison and maximum price selection.

Numerous insurers battle for your business, and because of this it can be hard to compare car insurance companies to get the lowest cost out there.

It is always a good idea to do price comparisons before your next renewal because auto insurance prices trend upward over time. Just because you found the best deal on Volvo V50 insurance in Boston a couple years back you can probably find a better rate now. Block out anything you think you know about auto insurance because you’re about to learn the tricks you need to know to reduce your cost while increasing coverage.

If you have insurance now, you will be able to find the best rates using the following tips. Finding the cheapest coverage in Boston is much easier if you have a good place to start. Although Massachusetts consumers need to have an understanding of the way companies calculate your policy premium and take advantage of how the system works.

Companies offering Volvo V50 insurance in Massachusetts

The companies shown below can provide quotes in Boston, MA. In order to find the best auto insurance in Massachusetts, it’s a good idea that you get rate quotes from several of them in order to find the most affordable rates.

Volvo V50 insurance analysis

The information displayed next covers estimates of insurance prices for Volvo V50 models. Learning how policy premiums are figured can aid in making decisions when shopping around.

Volvo V50 Insurance Rates in Boston, MA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
V50 2.4I $360 $752 $452 $26 $136 $1,726 $144
V50 AWD T5 R-Design $360 $866 $452 $26 $136 $1,840 $153
Get Your Own Custom Quote Go

Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Massachusetts minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Premium costs do not factor in the specific area where the vehicle is garaged which can increase or decrease auto insurance rates significantly.

Physical damage deductibles

One of the hardest decisions when shopping for auto insurance is how high should your deductibles be. The data tables below approximate the difference in cost when you select higher and lower coverage deductibles. The first rate estimation uses a $250 physical damage coverage deductible and the second rate table uses a $500 deductible.

Volvo V50 insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
V50 2.4I $292 $512 $334 $20 $100 $1,283 $107
V50 AWD T5 R-Design $292 $590 $334 $20 $100 $1,361 $113
Get Your Own Custom Quote Go

Volvo V50 insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
V50 2.4I $236 $414 $334 $20 $100 $1,104 $92
V50 AWD T5 R-Design $236 $476 $334 $20 $100 $1,166 $97
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Premium amounts do not factor in zip code location which can increase or decrease coverage rates noticeably.

We can estimate from the data above that using a $250 deductible costs roughly $15 more each month or $180 each year averaged for all V50 models than opting for the higher $500 deductible. Since the policyholder would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you normally average at least 17 months between claim filings, you would most likely save money going with the higher deductible.

The illustration below illustrates how your deductible choice and can impact Volvo V50 insurance rates for each age group. The rate quotes are based on a married male driver, full coverage, and no discounts are taken into consideration.

Careless Boston drivers pay higher rates

The diagram below demonstrates how citations and fender-benders can influence Volvo V50 insurance premiums for different categories of driver ages. The premiums are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no other discounts are factored in.

How much more does full coverage cost in Boston?

The illustration below visualizes the comparison of Volvo V50 yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no claims or driving citations, $500 deductibles, drivers are single, and no policy discounts are applied.

When to buy liability coverage only

There is no specific rule of when to exclude comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is 10% or more of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

For example, let’s say your Volvo V50 claim settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, you would only receive $4,000 after paying your policy deductible. If premium cost is more than $400 annually for full coverage, then it might be time to consider dropping full coverage.

There are some cases where eliminating full coverage is not a good idea. If you still owe a portion of the original loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not drop full coverage.

Affordable Boston insurance rates with discounts

Companies don’t always list their entire list of discounts in a way that’s easy to find, so here is a list some of the best known and the harder-to-find discounts that may be available. If you check and find you aren’t receiving every discount available, you’re just leaving money on the table.

Keep in mind that many deductions do not apply to the overall cost of the policy. Some only apply to individual premiums such as medical payments or collision. Even though the math looks like adding up those discounts means a free policy, you’re out of luck.

The example below shows the comparison of Volvo V50 annual premium costs with and without discounts applied to the rates. The premium estimates are based on a female driver, no violations or accidents, Massachusetts state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, marriage, multi-policy, claim-free, and multi-car discounts applied.

The best insurance companies and a selection of discounts are detailed below.

Check with each company how many discounts you can get. Some discounts listed above might not be available to policyholders in Boston. For a list of insurance companies offering insurance discounts in Boston, click here to view.

When to contact an insurance agent

Certain consumers still prefer to talk to a local agent and that can be a smart move One of the benefits of price shopping on the web is that you can obtain lower rates but also keep your business local. Buying from local insurance agents is important particularly in Boston.

To find an agent, once you fill out this form (opens in new window), the quote information is submitted to local insurance agents that can provide free Boston auto insurance quotes for your business. You never need to leave your computer since price quotes are sent to your email. It’s the lowest rates and work with a local agent. In the event you want to compare rates for a specific company, you just need to navigate to their website and fill out the quote form the provide.

If you want a local insurance agency, you need to know there are two different agency structures and how they are slightly different. Insurance agents in Boston may be either exclusive or independent.

Independent Insurance Agencies or Brokers

Independent agencies do not sell for just one brand so they can quote policies with many different companies and possibly get better coverage at lower prices. If you want to switch companies, your agent can switch companies and you can keep the same agent. When comparing rate quotes, we highly recommend that you compare quotes from independent agents to have the best price comparison.

Featured below are independent insurance agencies in Boston that may be able to provide free price quotes.

Alan J Ross Insurance Agency Inc
225 Franklin StBoston, MA 02110(617) 449-9413View Map

Massamont Insurance Agency Inc
280 Summer StBoston, MA 02210(617) 478-5205View Map

55 Union StBoston, MA 02108(617) 924-4915View Map

View more Boston agents

Exclusive Insurance Agencies

Exclusive agencies normally can only provide a single company’s rates and some examples include Farmers Insurance, American Family, State Farm and Allstate. They usually cannot provide other company’s prices so they are skilled at selling on more than just price. Exclusive insurance agents receive extensive training on what they offer and that enables them to sell even at higher rates.

Shown below are Boston exclusive insurance agencies willing to provide price quotes.

571 Dudley St Ste ABoston, MA 02125(617) 442-9490View Map

125 High StBoston, MA 02110(617) 443-9300View Map

View more Boston agents

Picking an insurance agency needs to be determined by more than just the quoted price. Before buying a policy in Boston, get answers to these questions.

You can find affordable coverage

As you shop your coverage around, don’t be tempted to buy lower coverage limits just to save a few bucks. In too many instances, an insured cut liability coverage limits only to find out that the small savings ended up costing them much more. The ultimate goal is to purchase plenty of coverage at the lowest possible cost and still be able to protect your assets.

We just showed you a lot of tips how to shop for Volvo V50 insurance online. The key thing to remember is the more providers you compare, the more likely it is that you will get a better rate. Consumers may even find the lowest premium rates are with the smaller companies. They may often insure only within specific states and give better rates compared to the large companies like Allstate, GEICO and Progressive.

Lower-priced Volvo V50 insurance in Boston can be bought from both online companies in addition to local insurance agencies, so you need to shop Boston auto insurance with both to get a complete price analysis. Some auto insurance companies may not offer the ability to get quotes online and most of the time these regional insurance providers only sell coverage through independent agents.

How to buy cheaper Volvo V50 insurance in Boston

To save the most money, the best way to get discount Volvo V50 insurance in Boston is to start doing an annual price comparison from companies who sell insurance in Massachusetts.

  1. Spend some time learning about individual coverages and the steps you can take to keep rates in check. Many rating criteria that cause rate increases such as at-fault accidents, speeding tickets, and bad credit can be improved by making minor changes in your lifestyle.
  2. Request rate estimates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can provide rates from one company like GEICO and Allstate, while independent agents can provide rate quotes from multiple sources.
  3. Compare the price quotes to your current policy premium to see if you can save by switching companies. If you find a lower rate quote, make sure coverage does not lapse between policies.
  4. Tell your current company to cancel your existing policy and submit a completed policy application and payment for your new policy. As soon as you can, place your new proof of insurance certificate with your registration paperwork.

The most important part of shopping around is to make sure you’re comparing similar limits and deductibles on each quote and and to get rate quotes from as many different insurance providers as possible. This enables a fair rate comparison and a better comparison of the market.

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