Would you like to buy lower-priced Volvo V60 insurance in Bakersfield? Have you fallen victim to high-priced Volvo V60 insurance in Bakersfield? It’s a common feeling and there are lots of people in the same boat.
Remarkably, a study showed that most car insurance buyers in California renewed their policy with the same company for a minimum of four years, and virtually 40% of consumers have never shopped around. American drivers could save roughly 47% a year just by shopping around, but they just assume it’s a time-consuming process to compare rate quotes.
Steps to finding low-cost Volvo V60 insurance in Bakersfield
The best way to get low-cost Volvo V60 insurance in Bakersfield is to start comparing prices regularly from companies who sell insurance in California. This can be done by completing these steps.
- Try to comprehend the coverage provided by your policy and the measures you can take to keep rates low. Many things that are responsible for high rates like tickets, at-fault accidents, and a negative credit history can be rectified by making minor changes to your lifestyle. Read the full article for additional tips to help reduce premium rates and get additional discounts that may have been overlooked.
- Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from a single company like GEICO and Allstate, while independent agents can quote rates for a wide range of insurance providers.
- Compare the new quotes to your existing policy to see if a cheaper price is available. If you find a lower rate and switch companies, ensure coverage does not lapse between policies.
- Notify your current company to cancel your current coverage. Submit the signed application along with the required initial payment to your new agent or company. As soon as you have the new policy, keep your new certificate of insurance with your vehicle’s registration.
An important note is to use identical coverage information on every price quote and and to get quotes from as many companies as possible. This ensures a fair rate comparison and a good representation of prices.
Popular companies such as Progressive, State Farm and GEICO constantly bombard you with advertising and consumers find it hard to see through the deception and find the best price available.
If you’re already insured or need new coverage, take advantage of these tips to get lower rates without having to cut coverage. Locating the best rates in Bakersfield is actually quite easy if you know where to start. Shoppers just need to learn the most efficient way to compare rate quotes from many different companies.
Informed Consumers Can Lower Insurance Rates
One of the most helpful ways to save on auto insurance is to to have a grasp of a few of the rating criteria that come into play when calculating the price you pay for auto insurance. If you know what determines premiums, this empowers consumers to make smart changes that may reward you with cheaper rates. Many factors are used in the calculation when you get your auto insurance bill. Some are obvious like an MVR report, but some are more obscure such as whether you are married or how financially stable you are.
The itemized list below are just a few of the factors auto insurance companies consider when setting rates.
Discounts for auto and home policies – Most major insurance companies afford discounts to buyers that buy multiple policies. It’s known as a multi-policy discount. Discounts can add up to ten percent or more. If you currently are using one company, it’s always a smart idea to compare other company rates to confirm you are receiving the best rates possible. It’s possible to still find a better deal by buying insurance from more than one company.
Liability insurance risk factors – Liability coverage will provide protection when you are responsible for causing damage or personal injury in an accident. It will provide for a legal defense to attempt to prove you were not liable. This coverage is very inexpensive compared to physical damage coverage, so do not cut corners here.
Annual mileage impacts rates – Driving a lot of miles in a year’s time the higher your rates will be. A lot of companies price each vehicle’s coverage partially by how you use the vehicle. Vehicles left parked in the garage receive lower rates than vehicles that have high annual mileage. Incorrect rating for your V60 may be costing you higher rates. Make sure your auto insurance policy correctly shows the correct driver usage.
Low credit rating equals high costs – Having a good credit score will be a significant factor in determining your rates. People with excellent credit scores tend to be more responsible and file fewer claims than those with lower credit ratings. If your credit could use some work, you could be paying less to insure your Volvo V60 if you improve your credit rating.
Safety first – Vehicles with high crash test scores tend to have better insurance rates. Safe vehicles help reduce the chance of injuries in an accident and reduced instances of injuries translates directly to fewer claims and cheaper rates on your policy.
Females tend to be lower risk – Statistics demonstrate women are more cautious behind the wheel. However, don’t assume that women are better drivers. Females and males tend to get into accidents in similar numbers, but guys cause more damage. Men also statistically receive more major tickets such as driving while intoxicated (DWI) or driving recklessly. Young males generally have the highest accident percentage and therefore pay the highest rates.
Insurance premiums are higher for high performance vehicles – The make and model of the car you are trying to find cheaper insurance for makes a significant difference in your rates. The most favorable rates will generally be found on low performance passenger cars, but there are many factors that impact the final cost.
Volvo V60 claim data – Companies include the past claim trends for vehicles to calculate a rate that will offset losses. Models that the data shows to have higher claim frequency or loss amount will cost more to insure. The table below demonstrates the loss history for Volvo V60 vehicles.
For each coverage category, the statistical loss for all vehicles as a whole equals 100. Numbers shown that are under 100 indicate better than average losses, while numbers above 100 indicate frequent claims or statistically larger claims.
|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
Statistics from IIHS.org for 2013-2015 Model Years
Find cheaper rates by comparing often
As you prepare to switch companies, do not buy less coverage just to save a little money. Too many times, drivers have reduced collision coverage and discovered at claim time they didn’t have enough coverage. The goal is to get the best coverage possible at the best price and still be able to protect your assets.
Affordable Volvo V60 insurance in Bakersfield can be sourced from both online companies as well as from insurance agents, and you should compare rates from both in order to have the best price selection to choose from. There are still a few companies who may not provide price quotes online and many times these small insurance companies prefer to sell through independent insurance agents.
How to save on Volvo V60 insurance in Bakersfield
The most effective way to find affordable auto insurance rates in Bakersfield is to annually compare prices from different companies in California.
Step 1: Try to comprehend how insurance works and the things you can control to keep rates down. Many things that drive up the price like speeding tickets, careless driving and a not-so-good credit rating can be eliminated by making minor changes in your lifestyle.
Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive and State Farm, while independent agents can quote prices from multiple sources.
Step 3: Compare the new rate quotes to your current policy premium to see if you can save by switching companies. If you find a lower rate and make a switch, make sure there is no lapse in coverage.
One key aspect when comparing rates is to make sure you enter the same physical damage deductibles and liability limits on each price quote and and to look at as many different insurance providers as possible. Doing this enables a fair price comparison and the best rate selection.
More detailed car insurance information can be read at these sites:
- Auto Insurance Learning Center (State Farm)
- Who Has Cheap Car Insurance Quotes with Multiple Speeding Tickets in Bakersfield? (FAQ)
- Who Has Cheap Bakersfield Auto Insurance for a Jeep Wrangler? (FAQ)
- Vehicle Insurance in the U.S. (Wikipedia)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
- Understanding Your Insurance Deductible (Insurance Information Institute)
- Think You’re a Safe Driver? (State Farm)