How to Save on Volvo XC60 Insurance in Portland

It’s an obvious assumption that insurance companies don’t want policyholders to shop around. Consumers who compare other prices are very likely to buy a new policy because there are good odds of getting low-cost coverage. Surprisingly, a recent survey revealed that people who did price comparisons regularly saved on average $70 a month as compared to drivers who didn’t regularly shop around.

If finding the most affordable Volvo XC60 insurance in Portland is why you’re reading this, understanding the best way to compare insurance coverage can make it easier to shop your coverage around.

To save the most money, the best way to quote cheaper Volvo XC60 insurance in Portland is to regularly compare quotes from providers who can sell car insurance in Oregon.

1. Try to comprehend car insurance and the factors you can control to prevent expensive coverage. Many risk factors that result in higher prices such as multiple speeding tickets and a poor credit rating can be rectified by making minor driving habit or lifestyle changes. This article provides the details to get cheaper coverage and get additional discounts that may be available.
2. Compare price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from one company like Progressive or Farmers Insurance, while independent agents can give you price quotes from many different companies.
3. Compare the price quotes to the price on your current policy to see if you can save by switching companies. If you can save money and change companies, make sure coverage is continuous and does not lapse.
4. Notify your agent or company of your decision to cancel your current auto insurance policy. Submit any necessary down payment along with the completed application to your new insurance company. Make sure you store the certificate verifying coverage in your vehicle’s glove compartment or console.

One thing to remember is to compare identical deductibles and limits on every quote and and to compare as many companies as feasibly possible. This helps ensure an accurate price comparison and many rates to choose from.

Locating the best rates in Portland can be much easier if you know how to start. Virtually anyone who is required by state law to have auto insurance most likely will be able to save money. Although Oregon drivers must understand the way companies sell insurance online because rates fluctuate considerably.

How do Insurers Determine Volvo XC60 Insurance Prices?

Many things are used when you get a price on insurance. Some are pretty understandable like an MVR report, but other criteria are not as apparent such as your marital status or your commute time.

Shown below are some of the factors used by companies to determine your prices.

Cars with good safety ratings lower prices – Vehicles with high crash test scores tend to have better insurance rates. Safe vehicles reduce the chance of injuries and fewer injuries means less money paid by your insurance company and cheaper rates on your policy.

Your address can influence costs – Residing in small towns and rural areas can save you money when shopping for auto insurance. People in densely populated areas have to deal with more aggressive driving styles and a longer drive to work. Lower population means a lower chance of having an accident and a lower car theft rate.

Use one insurance company and save – The majority of insurers will award discounts for people who have multiple policies with them in the form of a multi-policy discount. The discount can add up to ten percent or more. Even if you qualify for this discount already, consumers should still compare other company rates to verify if the discount is saving money. You may still save even more by buying from different companies

Insurance prices and vehicle performance – The performance of the car, truck or SUV you drive makes a huge difference in your premium level. Lower performance four cylinder passenger models usually have the lowest premiums, but the final cost of insurance is determined by many other factors.

The data below assumes a married male driver age 30, full coverage with $250 deductibles, and no discounts or violations. The chart compares Volvo XC60 rates compared to other models of vehicles that have a range of performance risks.

How much liability coverage do you need? – The liability section of your policy will provide protection if you are responsible for damages from an accident. Your policy’s liability insurance provides you with a defense in court up to the limits shown on your policy. Liability insurance is pretty cheap compared to physical damage coverage, so drivers should make sure they buy enough to cover all assets.

Volvo XC60 statistical loss data – Insurers use statistical claims data when they file their rates in each state. Vehicles that are shown to have higher claim frequency or loss amount will cost more to insure. The table below illustrates the historical insurance loss data for Volvo XC60 vehicles.

For each coverage type, the loss probability for all vehicles, as an average, is considered to be 100. Values that are below 100 imply a favorable loss record, while numbers above 100 indicate more frequent claims or a tendency for claims to be larger.

Detailed insurance information

The table displayed next highlights a range of insurance rates for Volvo XC60 models. Understanding how insurance prices are determined can assist in making smart choices when comparing insurance rates.

Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Oregon minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Table data does not factor in specific location information which can increase or decrease prices greatly.

Higher deductibles save money

A question often asked by Portland drivers is how high should the physical damage deductibles be. The comparisons below may help you to understand the differences in price between high and low coverage deductibles. The first rate comparisons uses a $100 deductible and the second set of rates uses a $1,000 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Price information does not factor in Portland location which can modify price quotes considerably.

We can derive from the above data that using a $100 deductible would cost the average driver about $35 more each month or $420 every year averaged for all XC60 models than quoting the higher $1,000 deductible. Because you would be required to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you usually have more than 26 months between claims, you would save more money if you opt for a higher deductible.

Responsible drivers pay cheaper insurance rates

The diagram below illustrates how violations and at-fault claims influence Volvo XC60 car insurance costs for each different age category. The information is based on a married male driver, full physical damage coverage, $100 deductibles, and no discounts are taken into consideration.

Insurance premiums by gender

The illustration below illustrates the comparison of Volvo XC60 car insurance costs for male and female drivers. The price estimates are based on no claims, a clean driving record, full physical damage coverage, $1,000 deductibles, single status, and no discounts are applied.

Don’t overlook these Volvo XC60 insurance discounts

Some insurance providers don’t always advertise all their discounts in a way that’s easy to find, so the list below contains some of the more common and the harder-to-find credits available to you.

• Safety Restraint Discount – Requiring all passengers to use a seat belt can save 10% or more off the PIP or medical payment premium.
• Defensive Driver – Participating in a course teaching safe driver skills could possibly earn you a 5% discount if you qualify.
• Active Military Service – Being on active deployment in the military could trigger a small discount.
• Discounts for Cautious Drivers – Safe drivers could pay up to 40% less as compared to drivers with claims.
• First Accident Forgiveness – This one isn’t a discount, but companies like GEICO, Progressive, and Allstate will let one accident slide before raising your premiums with the catch being you have to be claim-free prior to being involved in the accident.
• Professional Memberships – Being a member of a civic or occupational organization in Portland is a good way to get lower rates when getting a Portland auto insurance quote.
• Multi-policy Discount – If you insure your home and vehicles with the same company they may give you a discount of as much as 10 to 15 percent.

Don’t be surprised that some of the credits will not apply to the overall cost of the policy. Most only reduce specific coverage prices like liability and collision coverage. So even though they make it sound like it’s possible to get free car insurance, companies wouldn’t make money that way.

The information below illustrates the difference between Volvo XC60 insurance costs with and without discounts applied to the rates. The information is based on a female driver, no claims, a clean driving record, Oregon state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, claim-free, homeowner, safe-driver, and multi-policy discounts applied.

Large auto insurance companies and their offered discounts are shown below.

• Esurance offers discounts for anti-theft, paid-in-full, multi-policy, good student, and emergency road assistance.
• The Hartford discounts include vehicle fuel type, bundle, good student, anti-theft, defensive driver, and driver training.
• AAA includes discounts for AAA membership discount, multi-policy, good driver, anti-theft, pay-in-full, multi-car, and good student.
• GEICO may include discounts for membership and employees, defensive driver, emergency military deployment, federal employee, and five-year accident-free.
• State Farm has discounts for multiple policy, defensive driving training, good driver, anti-theft, good student, and driver’s education.

When quoting, ask all companies you are considering how you can save money. Some of the earlier mentioned discounts may not be offered in Portland. For a list of providers who offer discounts in Portland, click here to view.

Persistence pays off

Insureds switch companies for any number of reasons including unfair underwriting practices, extreme rates for teen drivers, not issuing a premium refund and even delays in paying claims. Regardless of your reason, choosing a new insurance company is less work than it seems.

As you prepare to switch companies, it’s a bad idea to buy less coverage just to save a little money. There are a lot of situations where an insured cut liability limits or collision coverage only to discover later they didn’t purchase enough coverage. Your goal is to buy enough coverage at a price you can afford but still have enough coverage for asset protection.

More affordable insurance in Portland is available online as well as from insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance companies may not have price quotes online and most of the time these small insurance companies provide coverage only through local independent agents.

Additional articles

• Insurance Losses by Make and Model (iihs.org)
• How Much is Auto Insurance for 17 Year Olds in Portland? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for Drivers with a DUI in Portland? (FAQ)
• Who Has Affordable Portland Car Insurance for Drivers with Good Credit? (FAQ)
• How Can I Save Money on Auto Insurance? (Insurance Information Institute)
• Property Damage Coverage (Liberty Mutual)
• Teen Driving Statistics (GEICO)