Cheapest Quotes for Volvo S80 Insurance in Durham

Do you want cheaper Volvo S80 insurance in Durham? Finding more affordable premium rates on Volvo S80 insurance in Durham could be frustrating for beginners to online price comparisons. With so many agents and companies competing online, it can easily be a real difficult job to find the perfect company for you.

Steps to finding discount Volvo S80 insurance in Durham

If you want to find the absolute lowest rates, then the best way to get budget Volvo S80 insurance in Durham is to make a habit of regularly comparing prices from insurers that sell auto insurance in North Carolina.

• First, try to learn a little about car insurance and the modifications you can make to prevent expensive coverage. Many things that cause high rates such as speeding and poor credit history can be amended by making minor changes to your lifestyle. Keep reading for additional tips to lower rates and get discounts that may be overlooked.
• Second, get rate quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO or Farmers Insurance, while independent agents can provide rate quotes from multiple insurance companies.
• Third, compare the quotes to your existing rates and determine if there is any savings. If you find a better price and change companies, make sure coverage is continuous and does not lapse.

One key aspect when comparing rates is to try to compare similar deductibles and liability limits on each quote and and to get rates from every insurance company. Doing this helps ensure a fair rate comparison and a complete rate analysis.

Unfortunately, a large majority of car insurance policyholders have remained with the same car insurance company for at least the last four years, and about 40% of consumers have never shopped around. With the average premium in North Carolina being $1,000, drivers can save hundreds of dollars each year, but most tend to underestimate how much money they would save if they switched.

Consumers need to price shop coverage periodically because prices are variable and change quite frequently. If you had the lowest rates on Volvo S80 insurance in Durham on your last policy there is a good chance you can find better rate quotes now. Forget all the misinformation about car insurance because you’re about to learn the proper way to save money, get proper deductibles and limits, all at the lowest rate.

The purpose of this article is to teach you how car insurance companies work and also pocket some savings If you currently have a car insurance policy, you will most likely be able to get lower rates using the techniques covered below. But North Carolina vehicle owners need to have an understanding of the way insurance companies determine what you pay because it can help you find the best coverage.

When quoting auto insurance, remember that comparing more rates from different companies will increase your chances of finding a better price. Some regional insurers cannot provide rate quotes online, so it’s recommended that you also compare quotes from them, too.

The companies shown below can provide free quotes in North Carolina. If your goal is to find cheap car insurance in Durham, we suggest you click on several of them to get a more complete price comparison.

Slash your car insurance rates with discounts

Companies don’t list every possible discount in a way that’s easy to find, so we researched both the well known and the more hidden credits that may apply to you. If they aren’t giving you every credit possible, you are just wasting money.

• Save with More Vehicles Insured – Buying coverage for primary and secondary vehicles on a single policy can reduce rates for all insured vehicles.
• Bundled Policy Discount – When you have multiple policies and insure them both with the same insurance company you could save 10% to 20% off each policy.
• Military Discounts – Being deployed in the military could mean lower prices.
• Renewal Discounts – Some insurance companies reward drivers for buying a new policy prior to the expiration date on your current S80 insurance policy. You could save around 10% when you buy Durham car insurance online.
• Accident-Free Discounts – Insureds with no claims or accidents have much lower rates in comparison with accident-prone drivers.
• Club Memberships – Joining qualifying clubs or civic groups is a simple method to lower premiums on your bill.
• Homeowners Savings – Just being a homeowner can save you money because maintaining a house is proof that your finances are in order.

Discounts save money, but please remember that many deductions do not apply to the overall cost of the policy. Most cut the price of certain insurance coverages like collision or personal injury protection. So despite the fact that it appears all the discounts add up to a free policy, companies don’t profit that way.

The diagram below shows the difference between Volvo S80 premium costs with and without discounts applied. The rates are based on a female driver, no accidents or driving violations, North Carolina state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-policy, multi-car, marriage, and safe-driver discounts applied.

For a list of insurers who offer discounts in Durham, follow this link.

Analysis of Volvo S80 rates

The rate table shown next covers different insurance prices for Volvo S80 models. Understanding more about how car insurance premiums are established is important for drivers to make decisions on which coverage to buy.

Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Premium costs do not factor in zip code location which can decrease or increase coverage prices significantly.

Raise deductibles and save

One common question asked by Durham drivers is the level to set your comp and collision deductibles. The figures shown below lay out the rate fluctuation when you select higher and lower physical damage deductibles. The first rate comparisons uses a $100 physical damage deductible and the second set of prices uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Premium amounts do not factor in specific location information which can modify rates significantly.

We can derive from the above data that using a $100 deductible will cost you approximately $34 more each month or $408 for a full year than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 26 months between claims, you would more than likely save some money if you decide on a higher deductible.

Cost comparison with and without full coverage

The example below visualizes the comparison of Volvo S80 insurance costs with liability coverage only compared to full coverage. The information is based on no claims or violations, $500 deductibles, drivers are single, and no other discounts are factored in.

When to stop buying full coverage

There isn’t a steadfast formula of when to eliminate full coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is 10% or more of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s assume your Volvo S80 claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company will settle for is $3,000 after the policy deductible has been paid. If it’s costing you more than $300 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are some scenarios where dropping physical damage coverage is not advised. If you haven’t paid off your loan, you have to carry full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.

Local Durham car insurance agents and insurance

Certain consumers still prefer to have an agent’s advice and that is a smart decision An additional benefit of price shopping on the web is the fact that you can find the best rates and still have an agent to talk to. Buying from and supporting local insurance agents is important particularly in Durham.

For easy comparison, once you complete this simple form, the coverage information is emailed to insurance agents in Durham who can give free rate quotes for your insurance coverage. You won’t need to search for an agent since rate quotes are delivered directly to you. You can get cheaper insurance rates without the usual hassles of price shopping. If you need to quote rates from a specific company, feel free to search and find their rate quote page and submit a quote form there.

When narrowing the list to find a reputable insurance agent or broker, you need to know there are two types of agencies that differ in how they can insure your vehicles. Durham agents are categorized either independent or exclusive depending on the company they work for.

Independent Insurance Agencies or Brokers

Agents of this type do not write with just one company and that is an advantage because they can write policies with any number of different companies and get you the best rates possible. If you are not satisfied with one company, the business is moved internally without you having to go to a different agency.

When comparing rates, we recommend you get some free quotes from several independent insurance agents to ensure the widest selection of prices. They also have the ability to place coverage with different regional companies that can offer cheaper rates than bigger companies.

Shown below is a small list of independent insurance agents in Durham that may be able to provide rate quotes.

• Superior Insurance Durham North
  3808 Guess Rd Suite J – Durham, NC 27705 – (919) 973-1507 – View Map
• Triangle Insurance Alliance
  2530 Meridian Pkwy #300 – Durham, NC 27713 – (919) 322-3640 – View Map
• Superior Insurance of Durham
  3825 S Roxboro St #118 – Durham, NC 27713 – (919) 224-8034 – View Map

More insurance agents

Exclusive Insurance Agents

Agents of this type write business for a single company and examples are Farmers Insurance and State Farm. They usually cannot compare rates from other companies so they really need to provide good service. They receive extensive training on their company’s products and that enables them to sell even at higher rates. Some people will only buy from exclusive agents mostly because of the brand legacy and the convenience of having all coverages with one company.

Shown below is a short list of exclusive insurance agents in Durham that are able to give price quote information.

• Marty Lindsey – State Farm Insurance Agent
  1852 Hillandale Rd – Durham, NC 27705 – (919) 479-9671 – View Map
• Zonya Autmon – State Farm Insurance Agent
  2402 S Miami Blvd #103 – Durham, NC 27703 – (919) 993-3555 – View Map
• Allstate Insurance Agent: Caufield Agency
  4845 Industry Ln Ste D – Durham, NC 27713 – (919) 493-7471 – View Map

More insurance agents

Picking a car insurance agent requires you to look at more than just the price. Ask your prospective agent these questions:

• What companies can they write with?
• Will their companies depreciate repairs to your car based on the mileage?
• What is the financial rating for the quoted company?
• How often do they review coverages?
• Do clients work directly with the agent or are most inquiries handled by a CSR?
• Who are their largest clients?

What insurance coverages do I need?

When quoting and comparing adequate coverage, there really isn’t a “best” method to buy coverage. You are unique.

Here are some questions about coverages that could help you determine if your situation would benefit from professional advice.

• Is my camper covered for physical damage?
• Am I covered while delivering pizza?
• Can I pay claims out-of-pocket if I buy high deductibles?
• How much coverage applies to personal belongings?
• Is my state a no-fault state?
• Is my nanny covered when transporting my kids?
• What companies insure drivers after a DUI or DWI?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with a licensed agent. If you don’t have a local agent, fill out this quick form.

Eight Things That Influence Your Insurance Rates

The best way to find cheaper insurance is to take a look at the factors that are used to determine the level of your policy premiums. When you understand what impacts premium levels, this enables informed choices that may reward you with lower premium levels.

The itemized list below are just a few of the factors used by insurance companies to determine rates.

• A coverage lapse is a bad thing – Allowing your insurance policy to lapse is a fast way to drive up your policy premiums. Not only will rates go up, the inability to provide proof of insurance could result in a hefty fine and possibly a revoked license.
• Do you have enough liability protection? – Liability insurance will afford coverage in the event that you are determined to be liable for causing personal injury or damage in an accident. Your policy’s liability insurance provides for a legal defense starting from day one. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so buy as much as you can afford.

• Prices go up with performance – The performance level of the car or truck you are insuring makes a big difference in your premium level. Smaller low performance passenger vehicles normally have pretty low rates, but your final cost has many other factors.

  The following chart is based on a single male driver age 30, full coverage with $250 deductibles, and no discounts or violations. It shows Volvo S80 insurance premiums compared to other models that have different performances.

• Eliminate unneeded extra coverages – Policies have additional coverages that you can get tricked into buying on your S80 policy. Coverages like vanishing deductibles, towing coverage, and Farm Bureau memberships may be costing you every month. You may think they are a good idea when talking to your agent, but your money might be better spent on other coverage so think about removing them and cutting costs.
• Save money with alarm systems – Choosing a vehicle with anti-theft technology or alarm system can help lower your rates. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar help track and prevent your car from being stolen.

• Teenagers vs. experienced drivers – Inexperience drivers are statistically shown to be careless and easily distracted with other occupants in the car therefore insurance rates are much higher. Parents adding a youthful driver onto a policy can be quite pricey. More mature drivers are viewed as being more responsible, cause fewer claims and accidents, and tend to be get fewer driving tickets.

  The data below assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.

• Lower premiums for safer vehicles – Safe vehicles tend to have lower insurance rates. Vehicles engineered for safety have better occupant injury protection and any reduction in injury severity means less claims paid and cheaper rates on your policy. If your Volvo S80 earned at least four stars on Safercar.gov it may be receiving lower rates.
• Rates may be lower depending on your employer – Careers such as real estate brokers, social workers, and dentists have higher rates than the rest of us because of intense work-related stress and lots of time spent away from family. On the flip side, careers like scientists, athletes and performers have lower than average premiums.

• Volvo S80 claim probability – Companies use data from past claims when setting premium rates. Models that the statistics show to have higher prevalence or dollar amount of losses will have higher rates. The data below shows the collected loss data for Volvo S80 vehicles.

  For each coverage category, the claim probability for all vehicles averaged together is represented as 100. Values that are below 100 mean the vehicle has better than average losses, while numbers above 100 show a trend for more claims or tendency to have higher losses.

  
  

  Insurance Loss Ratings for Volvo S80 Vehicles

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Volvo S80 4dr 2WD	82
  Volvo S80 4dr 4WD	93

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Choosing vehicle insurance is an important decision

Even though Durham S80 insurance rates can get expensive, buying insurance serves a purpose in several ways.

First, just about all states have compulsory liability insurance requirements which means state laws require a specific level of liability if you drive a vehicle. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if your Volvo S80 has a loan, almost every bank will require you to have comprehensive coverage to guarantee loan repayment. If you let the policy lapse, the bank may insure your Volvo at a much higher premium rate and make you pay for it.

Third, insurance protects not only your Volvo but also your assets. Insurance will also pay for most medical and hospital costs that are the result of an accident. One of the most valuable coverages, liability insurance, will also pay for a defense attorney if someone files suit against you as the result of an accident. If you have damage to your Volvo as the result of the weather or an accident, your policy will pay to have it repaired.

The benefits of carrying adequate insurance definitely exceed the cost, especially for larger claims. But the average American driver is currently overpaying as much as $700 annually so it’s important to compare rates at every policy renewal to ensure rates are competitive.

What is the best car insurance company in North Carolina?

Selecting the highest-rated auto insurance provider can be rather challenging considering how many choices there are in North Carolina. The company rank data in the lists below could help you decide which car insurance providers to look at shopping prices with.

Top 10 Durham Car Insurance Companies by A.M. Best Rank

1. Travelers – A++
2. USAA – A++
3. GEICO – A++
4. State Farm – A++
5. Titan Insurance – A+
6. Esurance – A+
7. Progressive – A+
8. Nationwide – A+
9. The Hartford – A+
10. Allstate – A+

Top 10 Durham Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Nationwide – 89%
5. Travelers – 88%
6. Progressive – 88%
7. Safeco Insurance – 88%
8. State Farm – 88%
9. Allstate – 88%
10. The Hartford – 87%

One last note

People change insurance companies for a number of reasons such as high prices, poor customer service, delays in paying claims or policy cancellation. Regardless of your reason, switching companies can be less work than you think.

We just presented a lot of ways to lower your Volvo S80 insurance prices in Durham. The key concept to understand is the more companies you get rates for, the higher the chance of saving money. You may even find the lowest prices are with the least-expected company.

Budget-conscious Volvo S80 insurance can be sourced online as well as from independent agents in Durham, and you should compare price quotes from both to have the best selection. Some insurance providers do not offer the ability to get a quote online and many times these small insurance companies only sell through independent agents.

Steps to buying low-cost Volvo S80 insurance in Durham

Really, the only way to find low-cost prices for Volvo S80 insurance in Durham is to start comparing prices yearly from companies who sell insurance in North Carolina.

• Step 1: Get a basic knowledge of how insurance works and the measures you can take to keep rates down. Many rating factors that cause rate increases such as inattentive driving and your credit history can be remedied by making lifestyle changes or driving safer.
• Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can provide rates from a single company like Progressive or Farmers Insurance, while agents who are independent can provide rate quotes for a wide range of insurance providers. Compare rates
• Step 3: Compare the new quotes to the premium of your current policy to determine if switching companies saves money. If you find a better price, make sure there is no lapse in coverage.

One thing to point out is that you’ll want to make sure you compare the same coverage limits and deductibles on every quote and and to get rate quotes from every insurance company. This provides a fair rate comparison and a thorough selection of prices.

Helpful articles

• Insurance Losses by Make and Model (iihs.org)
• How Much is Car Insurance After a Speeding Ticket in Durham? (FAQ)
• How Much are Auto Insurance Rates for a Nissan Rogue in Durham? (FAQ)
• Vehicle Safety Ratings (iihs.org)
• Safety Features for Your New Car (State Farm)
• Where can I buy Insurance? (Insurance Information Institute)
• Property Damage Coverage (Liberty Mutual)