Cheapest Volvo XC70 Insurance in Las Vegas

Astonishing but true according to a recent study, the vast majority of auto insurance customers in Nevada have remained with the same auto insurance company for over three years, and practically 40% of auto insurance customers have never compared rate quotes at all. The average driver in the United States could save approximately 46.5% every year just by comparing rates, but they just feel it’s too hard to do a rate comparison.

Insurance for Volvo XC70If you want to save the most money, the best way to find more affordable auto insurance rates in Las Vegas is to compare prices once a year from different companies that sell auto insurance in Nevada. This can be done by following these steps.

  1. Try to learn about what coverages are included in your policy and the things you can control to prevent expensive coverage. Many rating criteria that cause high rates like getting speeding tickets and a not-so-good credit score can be controlled by making lifestyle changes or driving safer. Continue reading for more ideas to help reduce prices and find available discounts that you may qualify for.
  2. Obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only provide price estimates from one company like GEICO or State Farm, while independent agents can give you price quotes for a wide range of insurance providers. View rates
  3. Compare the new rate quotes to your existing rates and see if you can save money. If you can save some money and decide to switch, make sure coverage does not lapse between policies.
  4. Provide notification to your current agent or company of your intent to cancel your current car insurance policy and submit payment and a signed application to your new carrier. Be sure to keep the new certificate of insurance in your glove compartment.

The key aspect of shopping around is that you’ll want to compare the same liability limits and deductibles on every quote request and and to analyze as many different companies as possible. This guarantees an apples-to-apples comparison and the best rate selection.

How to get Las Vegas Volvo XC70 insurance rate quotes

Lowering your auto insurance rates is actually easier than you may think. You just need to take a few minutes comparing price quotes to see which company has low cost Las Vegas car insurance quotes.

The companies in the list below offer price comparisons in Las Vegas, NV. If your goal is to find cheap car insurance in NV, we suggest you visit as many as you can to get a more complete price comparison.

Premium rates and analysis

The data table displayed below outlines estimates of insurance rates for Volvo XC70 models. Having a good understanding how policy premiums are determined is important for you to make smart choices when selecting a policy.

Volvo XC70 Insurance Rates in Las Vegas, NV
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $234 $402 $334 $20 $100 $1,090 $91
XC70 T6 AWD 4-Dr $234 $462 $334 $20 $100 $1,150 $96
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Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Price estimates do not factor in zip code location which can alter coverage prices significantly.

Comparison of policy deductibles

A question often asked by Las Vegas drivers is which deductibles should you choose. The data tables below can help illustrate the differences in premium rates of buying low and high physical damage coverage deductibles. The first data set uses a $250 physical damage coverage deductible and the second set of rates uses a $500 deductible.

Volvo XC70 insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $300 $472 $348 $20 $104 $1,269 $106
XC70 T6 AWD 4-Dr $300 $544 $348 $20 $104 $1,341 $112
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Volvo XC70 insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $244 $382 $348 $20 $104 $1,098 $92
XC70 T6 AWD 4-Dr $244 $438 $348 $20 $104 $1,154 $96
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Prices do not factor in garaging location in Las Vegas which can increase or decrease auto insurance rates considerably.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you about $15 more each month or $180 a year than buying the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to average at a minimum 17 months between claim filings, you would most likely save money if you elect the higher deductible.

The chart below shows how different deductible levels and can impact Volvo XC70 insurance premiums for each different age group. The information is based on a single female driver, full coverage, and no policy discounts are applied.

Does it make sense to buy full coverage?

The diagram below illustrates the comparison of Volvo XC70 insurance premiums when comparing full coverage to liability only. The data is based on no accidents or driving violations, $250 deductibles, marital status is single, and no discounts are taken into consideration.

When to stop buying comprehensive and collision coverage

There is no set guideline to stop buying comp and collision coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your Volvo XC70 replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $3,000 after the deductible is paid. If you are paying in excess of $300 a year to have full coverage, then it might be time to consider dropping full coverage.

There are some conditions where dropping full coverage is not in your best interest. If you still owe money on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.

Las Vegas Insurance Rates are Influenced by These Factors

Lots of factors are part of the equation when you quote your car insurance policy. Some of the criteria are obvious like a motor vehicle report, but some are not quite as obvious like your vehicle usage or your vehicle rating. Consumers need to have an understanding of some of the things that help determine your premiums. If you have some idea of what impacts premium levels, this enables you to make decisions that may reward you with lower car insurance prices.

The following are some of the most rate-impacting factors used by insurance companies to determine your prices.

Protect your Volvo vehicle and other assets

Despite the potentially high cost of Volvo XC70 insurance, maintaining insurance is not optional due to several reasons.

The benefits of buying car insurance more than cancel out the cost, particularly when you have a large claim. An average driver in America is overpaying more than $750 every year so it’s very important to do a rate comparison once a year at a minimum to save money.