Cheap Rates for Volvo XC90 Insurance in Colorado Springs

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It's astonishing, but a large majority of drivers have bought auto insurance from the same company for at least the last four years, and just under half have never even shopped around for cheaper coverage. Colorado Springs insurance shoppers could save an average of almost $605 each year just by comparing rates, but they feel it's too difficult to compare rate quotes online.

Discount Volvo XC90 insuranceIf saving money is your primary concern, then the best way to find cheaper auto insurance rates in Colorado Springs is to compare prices at least once a year from providers in Colorado.

  • Step 1: Get a basic knowledge of policy coverages and the measures you can take to prevent expensive coverage. Many risk factors that are responsible for high rates like multiple speeding tickets and an unacceptable credit rating can be controlled by making minor changes to your lifestyle. Later in this article we will cover additional ideas to keep prices down and get additional discounts that may have been overlooked.
  • Step 2: Request rate estimates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO and State Farm, while independent agencies can provide prices from multiple insurance companies. View a list of agents
  • Step 3: Compare the new rate quotes to your existing policy to determine if you can save on XC90 insurance in Colorado Springs. If you find better rates, make sure there is no coverage gap between policies.

One key aspect when comparing rates is that you use the same physical damage deductibles and liability limits on each price quote and and to get price quotes from every insurance company. Doing this provides a fair price comparison and a thorough selection of prices.

If you are already insured or need a new policy, follow these tips to find better prices and possibly find even better coverage. Locating the best rates in Colorado Springs can initially seem challenging. Comparison shoppers just need to learn the most efficient way to quote multiple rates using one simple form.

The companies in the list below are ready to provide quotes in Colorado Springs, CO. To get cheap car insurance in CO, it's a good idea that you click on several of them in order to get a fair rate comparison.

Volvo XC90 insurance analysis

The data table displayed below showcases detailed analysis of insurance prices for Volvo XC90 models. Having knowledge of how insurance policy premiums are figured can assist in making smart choices when buying a car insurance policy.

Volvo XC90 Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC90 3.2 2WD $264 $528 $368 $22 $110 $1,292 $108
XC90 3.2 R-Design 2WD $264 $528 $368 $22 $110 $1,292 $108
XC90 3.2 AWD $294 $608 $368 $22 $110 $1,402 $117
XC90 V8 AWD $294 $608 $368 $22 $110 $1,402 $117
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Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Table data does not factor in specific Colorado Springs garaging location which can impact premium rates noticeably.

Physical damage deductible comparison

One of the more difficult decisions when buying insurance is at what level do you set your deductibles. The comparison tables below may help you to understand the differences in price when you select higher and lower coverage deductibles. The first rate comparisons uses a $100 deductible and the second price grid uses a $1,000 deductible.

Volvo XC90 insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC90 3.2 2WD $342 $644 $352 $20 $106 $1,489 $124
XC90 3.2 R-Design 2WD $342 $644 $352 $20 $106 $1,489 $124
XC90 3.2 AWD $380 $740 $352 $20 $106 $1,623 $135
XC90 V8 AWD $380 $740 $352 $20 $106 $1,623 $135
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Volvo XC90 insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC90 3.2 2WD $190 $340 $352 $20 $106 $1,008 $84
XC90 3.2 R-Design 2WD $190 $340 $352 $20 $106 $1,008 $84
XC90 3.2 AWD $210 $390 $352 $20 $106 $1,078 $90
XC90 V8 AWD $210 $390 $352 $20 $106 $1,078 $90
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Rate information does not factor in vehicle garaging location which can decrease or increase premiums substantially.

Based on the above data, using a $100 deductible costs an average of $43 more each month or $516 annually than selecting the higher $1,000 deductible. Because you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you average at a minimum 21 months between claim filings, you would most likely save money if you choose the higher deductible.

The illustration below demonstrates how choosing different deductibles and can raise or lower Volvo XC90 annual premium costs for different age groups. The rates are based on a single male driver, comp and collision included, and no other discounts are factored in.

Difference between liability only and full coverage rates

The diagram below shows the difference between Volvo XC90 annual premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rates are based on no claims or driving citations, $100 deductibles, drivers are single, and no discounts are applied to the premium.

Should you be buying full coverage?

There is no exact formula of when to phase out physical damage coverage on your policy, but there is a general convention. If the annual cost of coverage is more than about 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let's say your Volvo XC90 book value is $3,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $2,000 after paying your policy deductible. If it's costing you more than $200 a year to have full coverage, then you might want to consider buying only liability coverage.

There are a few situations where dropping full coverage is not a good idea. If you haven't paid off your loan, you must maintain physical damage coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage.

Smart Buyers Can Reduce Their Insurance Costs

Consumers need to have an understanding of some of the elements that go into determining your policy premiums. When you know what positively or negatively controls the rates you pay, this allows you to make educated decisions that may result in better car insurance rates.

The itemized list below are some of the factors utilized by car insurance companies to help set your rates.

No policy lapses saves money - Having a lapse in insurance coverage is a quick way to increase your rates. And not only will insurance be more expensive, the inability to provide proof of insurance can result in fines or a revoked license.

Avoid traffic tickets - Just one moving violation may increase your cost substantially. Drivers with clean records have lower premiums as compared to those with violations. Drivers who have received careless violations such as DUI or willful reckless driving may need to complete a SR-22 to the state department of motor vehicles in order to legally drive a vehicle.

The diagram below illustrates how violations and at-fault collisions influence Volvo XC90 yearly insurance costs for different age categories. The rates are based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are factored in.

Policy add-ons can waste money - Insurance policies have a lot of additional extra coverages that you can get tricked into buying but may not be useful. Coverage for things like rental car reimbursement, death and dismemberment, and additional equipment coverage could be just wasting money. They may seem like a good idea when deciding what coverages you need, but if you've never needed them in the past consider taking them off your policy.

Insurance premiums are higher for high performance vehicles - The type of vehicle you need to insure makes a huge difference in the rate you pay. Economy passenger cars generally receive the lowest base rates, but that's not the only thing that factors into the final price.

The data below uses these assumptions: married female driver age 50, full coverage with $250 deductibles, and no discounts or violations. It illustrates Volvo XC90 insurance premiums compared to other models that have a range of performance rating factors.

Cheaper rates using GPS tracking and theft deterrents - Buying a car with an alarm system can get you a discount on your car insurance. Anti-theft features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent vehicle theft.

Safer cars save money - Safer cars get lower rates. Highly rated vehicles reduce occupant injuries and fewer serious injuries means lower claim amounts and lower rates for you.

Your spouse saves you money - Being married may earn you lower rates when shopping for car insurance. Having a spouse usually means you are more responsible and it's statistically proven that drivers who are married are more cautious.

Gender and car insurance costs - Over the last 30 years, statistics show that females take fewer risks when driving. That doesn't necessarily mean that males are worse at driving than females. Women and men get in fender benders at a similar rate, but the male of the species have accidents that have higher claims. They also receive more costly citations like reckless driving and DUI.

The diagram below shows the comparison of Volvo XC90 auto insurance rates for male and female drivers. Data assumes no violations or accidents, full coverage, $500 deductibles, drivers are single, and no discounts are factored in.

Auto insurance protects more than just your car

Despite the fact that auto insurance is not cheap in Colorado Springs, maintaining insurance may not be optional for several reasons.

First, just about all states have compulsory liability insurance requirements which means you are required to buy a minimum amount of liability coverage in order to license the vehicle. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.

Second, if you bought your car with a loan, it's guaranteed your bank will make it mandatory that you have full coverage to protect their interest in the vehicle. If the policy lapses, the bank or lender will purchase a policy for your Volvo at an extremely high rate and make you pay the higher premium.

Third, auto insurance preserves not only your Volvo but also your financial assets. It will also provide coverage for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, also covers legal expenses if you cause an accident and are sued. If damage is caused by hail or an accident, your policy will cover the damage repairs after a deductible is paid.

The benefits of having insurance definitely exceed the cost, especially with large liability claims. According to a 2015 survey, the average American driver overpays more than $700 annually so it's recommended you shop around each time the policy renews to ensure rates are competitive.