Compare Volvo V50 Insurance Quotes in Greensboro

It’s a fact that insurance companies want to keep you from comparing prices. Drivers who do rate comparisons will most likely buy a new policy because the odds are good of finding a lower-cost company. A recent survey revealed that drivers who made a habit of comparing rate quotes saved about $860 a year compared to other drivers who never shopped around for lower prices.

If finding the best rates on auto insurance is your objective, then having some knowledge of how to choose a company and compare auto insurance can make the process less intimidating.

If you want to find the absolute lowest rates, then the best way to get affordable Volvo V50 insurance in Greensboro is to regularly compare prices from providers that insure vehicles in North Carolina.

1. Take a little time to learn about auto insurance and the measures you can control to keep rates in check. Many factors that cause high rates like speeding tickets, careless driving and a negative credit score can be remedied by improving your driving habits or financial responsibility.
2. Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like Progressive or Allstate, while independent agencies can give you price quotes for many different companies. View insurance agents
3. Compare the price quotes to the price on your current policy and determine if cheaper V50 coverage is available in Greensboro. If you find a lower rate quote and change companies, verify that coverage does not lapse between policies.

A good tip to remember is that you’ll want to compare the same liability limits and deductibles on each quote request and to quote with every company you can. Doing this enables a fair price comparison and a thorough price selection.

The companies shown below are ready to provide price quotes in Greensboro, NC. To buy cheap car insurance in North Carolina, we recommend you compare several of them to get a more complete price comparison.

Rates and statistics

The premium table displayed below highlights detailed analysis of insurance policy prices for Volvo V50 models. Learning more about how policy rates are determined is important for drivers to make decisions on the best policy coverages.

Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Price estimates do not factor in specific location which can change auto insurance rates considerably.

Deductible comparison

One of the more difficult decisions when buying insurance is how high should your deductibles be. The tables below sum up the cost difference between low and high insurance deductibles. The first rate quote example uses a $250 physical damage coverage deductible and the second rate table uses a $1,000 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Information does not factor in vehicle location which can influence price quotes greatly.

Based on the data above, we can derive that using a $250 deductible costs about $22 more each month or $264 each year across all Volvo V50 models than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you have at least 34 months between claim filings, you would probably come out ahead if you choose a higher deductible.

The chart below shows how choosing a deductible and can impact Volvo V50 premium costs for each age group. The rates are based on a married male driver, full coverage, and no additional discounts are factored in.

Poor driving habits will raise your insurance rates

The example below demonstrates how traffic citations and accident claims can raise Volvo V50 auto insurance rates for each age group. The rates are based on a married male driver, full coverage, $100 deductibles, and no other discounts are factored in.

Difference between full coverage and liability only rates

The chart below shows the comparison of Volvo V50 premium costs with and without full coverage. The rate quotes are based on no claims or driving citations, $500 deductibles, marital status is single, and no discounts are applied.

When to buy liability coverage only

There is no written rule to stop paying for comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s pretend your Volvo V50 replacement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $3,000 after paying your policy deductible. If premium cost is more than $300 annually for physical damage coverage, then you might consider buying liability only.

There are some situations where eliminating full coverage is not financially feasible. If you haven’t satisfied your loan, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.

Auto insurance does more than just repair your car

Despite the potentially high cost of Volvo V50 insurance, insuring your vehicle is a good idea for several reasons.

• Almost all states have compulsory liability insurance requirements which means state laws require specific limits of liability coverage in order to license the 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.
• If you have a lien on your vehicle, most banks will stipulate that you have physical damage coverage to guarantee loan repayment. If you let the policy lapse, the bank may insure your Volvo at a more expensive rate and make you pay for it.
• Auto insurance protects both your Volvo V50 and your personal assets. It will also reimburse you for all forms of medical expenses incurred in an accident. Liability coverage will also pay attorney fees in the event you are sued. If damage is caused by hail or an accident, your auto insurance policy will pay to have it repaired.

The benefits of carrying enough insurance definitely exceed the cost, particularly for liability claims. According to a 2015 survey, the average American driver is overpaying over $865 each year so it’s recommended you shop around at every renewal to be sure current rates are still competitive.

Affordable Greensboro car insurance quotes with discounts

Insuring your fleet can be pricey, but you may find discounts that you may not even be aware of. A few discounts will be applied when you complete an application, but a few must be inquired about in order for you to get them.

• Clubs and Organizations – Having an affiliation with certain professional organizations is a simple method to lower premiums on your policy.
• Renewal Discounts – A few insurance companies give discounts for switching companies prior to the expiration date on your current V50 insurance policy. It could save around 10% when you buy Greensboro auto insurance online.
• Defensive Driver Discount – Completing a course in driver safety is a good idea and can lower rates and easily recoup the cost of the course.
• Multi-car Discount – Drivers who insure multiple cars or trucks with one company can reduce rates for all insured vehicles.
• Low Mileage – Low annual miles can qualify you for discounted rates on garaged vehicles.
• Telematics Data Discounts – Drivers that enable their car insurance company to scrutinize their driving habits through the use of a telematics system such as Snapshot from Progressive or Drivewise from Allstate could possibly reduce rates if they are good drivers.
• Paper-free Discount – Many car insurance companies will discount your bill up to fifty bucks just for signing your application online.

Please keep in mind that most discount credits are not given to the entire policy premium. Some only reduce individual premiums such as comp or med pay. So when the math indicates adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

The diagram below shows the comparison of Volvo V50 insurance premiums with and without policy discounts. The premiums assume a female driver, no violations or claims, North Carolina 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 claim-free, multi-policy, safe-driver, homeowner, multi-car, and marriage discounts applied.

Popular car insurance companies and a partial list of their discounts are included below.

• GEICO policyholders can earn discounts including multi-policy, multi-vehicle, air bags, military active duty, driver training, and emergency military deployment.
• Auto-Owners Insurance has savings for student away at school, safe vehicle, safe driver, teen driver, multi-policy, and multiple vehicles.
• American Family discounts include bundled insurance, good driver, TimeAway discount, Steer into Savings, multi-vehicle, defensive driver, and accident-free.
• Esurance offers discounts for anti-theft, renters, homeowner, claim free, multi-car, and emergency road assistance.
• Progressive offers premium reductions for multi-policy, homeowner, continuous coverage, online quote discount, and online signing.
• State Farm has discounts for Steer Clear safe driver discount, driver’s education, good driver, passive restraint, and multiple autos.
• AAA may offer discounts for multi-car, good driver, education and occupation, pay-in-full, and anti-theft.

When quoting, ask each company or agent which discounts you qualify for. All car insurance discounts may not be offered in your state. To view companies that can offer you the previously mentioned discounts in North Carolina, click here to view.

Car insurance can be complex

Always keep in mind that when comparing proper insurance coverage for your personal vehicles, there is no perfect coverage plan. Your needs are unique to you.

These are some specific questions could help you determine if you may require specific advice.

• Do I need special coverage while pulling a rented trailer?
• Am I covered when delivering products for my home-based business?
• Do I have newly-acquired coverage?
• Does my Volvo V50 qualify for pleasure use?
• Do I pay less if my vehicle is kept in my garage?
• Is my teen driver covered when they drive my company car?

If you can’t answer these questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, complete this form. It is quick, free and can provide invaluable advice.

Auto insurance is available from agents near you

A small number of people would rather get professional advice from a licensed agent and that is recommended in a lot of cases Licensed agents can help you choose the best coverages and help submit paperwork. One of the best bonuses of getting online price quotes is you can get the lowest rates and still have an agent to talk to. Putting coverage with neighborhood insurance agencies is important particularly in Greensboro.

After completing this quick form, your insurance coverage information is submitted to participating agents in Greensboro that give free quotes for your auto insurance coverage. You won’t need to contact any agents because prices are sent immediately to your email address. In the event you want to compare prices from one company in particular, just jump over to their website and fill out the quote form the provide.

If you prefer to buy auto insurance from a local agent, you should know the different types of agents that you can choose from. Agencies in Greensboro can be described as either independent (non-exclusive) or exclusive. Both types of agents can do a good job, but it’s good to learn the difference in the companies they write for since it may influence the type of agent you choose.

Independent Agents

Agents that elect to be independent are normally appointed by many insurers so they can write business with a variety of different insurance companies and possibly get better coverage at lower prices. If prices rise, the agent simply finds a different carrier and you can keep the same agent.

When comparing rates, it’s recommended you include multiple independent agents to ensure the widest selection of prices.

The following is a list of independent insurance agencies in Greensboro who can help you get free auto insurance rate quotes.

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Exclusive Agencies

Agents in the exclusive channel work for only one company and some examples include State Farm, AAA, and Liberty Mutual. Exclusive agencies are unable to provide other company’s prices so they are skilled at selling on more than just price. Exclusive agencies are trained well on sales techniques which helps overcome the inability to quote other rates.

The following are Greensboro exclusive insurance agencies who can help you get rate quotes.

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Finding the right insurance agent needs to be determined by more than just a cheap price quote. Any agent in Greensboro should be forthright in answering these questions:

• If you are a high risk driver, do they have special markets for your coverage?
• Is vehicle damage repaired with OEM or aftermarket parts?
• Is the agent properly licensed in North Carolina?
• Can they provide you with a list of referrals?
• Does the agency have a current Errors and Omissions policy?
• Do clients work directly with the agent or are most inquiries handled by a CSR?

Upon getting answers to your satisfaction to all your questions as well as the cheapest Volvo V50 insurance in Greensboro quotes, it’s a good possibility that you have found an insurance agency that is reliable enough to adequately provide auto insurance. Just remember once you purchase a policy you can cancel your coverage for any reason so don’t assume that you’re stuck with the auto insurance policy indefinitely.

Insurance specifics

Understanding the coverages of insurance can help you determine which coverages you need at the best deductibles and correct limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required (North Carolina limits are 30/60/25), it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Usually your uninsured/underinsured motorist coverages are set the same as your liability limits.

Comprehensive coverages

This coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as damage from a tornado or hurricane, fire damage, a broken windshield and hail damage. The most you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for things like rehabilitation expenses, EMT expenses, X-ray expenses and nursing services. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Liability coverages

Liability insurance protects you from damage that occurs to other’s property or people. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 30/60/25 that translate to $30,000 bodily injury coverage, a per accident bodily injury limit of $60,000, and property damage coverage for $25,000. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers things like court costs, legal defense fees, bail bonds, loss of income and medical expenses. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible. North Carolina state law requires minimum liability limits of 30/60/25 but it’s recommended drivers buy more liability than the minimum.

The illustration below demonstrates why low liability limits may not be adequate coverage.

Collision insurance

Collision coverage pays to fix your vehicle from damage caused by collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like scraping a guard rail, driving through your garage door, crashing into a ditch and damaging your car on a curb. This coverage can be expensive, so consider removing coverage from older vehicles. Another option is to bump up the deductible on your V50 in order to get cheaper collision rates.

Ratings for Greensboro car insurance companies

Choosing a high-quality car insurance provider can be difficult considering how many companies sell insurance in North Carolina. The company rank data shown below could help you choose which car insurance companies you want to consider when shopping around.

Top 10 Greensboro 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%

Compare but don’t skimp

We covered many ways to save on Volvo V50 insurance in Greensboro. It’s most important to understand that the more times you quote, the higher the chance of saving money. Consumers may even find the biggest savings come from an unexpected company.

There are still a few companies who may not offer the ability to get quotes online and usually these small, regional companies sell through local independent agents. Cheaper insurance in Greensboro can be sourced both online and also from your neighborhood Greensboro agents, and you need to comparison shop both to have the best rate selection.

People who switch companies do it for many reasons like lack of trust in their agent, high rates after DUI convictions, poor customer service or extreme rates for teen drivers. Regardless of your reason for switching companies, finding a new insurance company is less work than it seems.

Much more information about insurance in North Carolina is located below:

• Medical Payments Coverage (Liberty Mutual)
• What Insurance is Cheapest for a Ford Fusion in Greensboro? (FAQ)
• How Much is Greensboro Auto Insurance for High Mileage Drivers? (FAQ)
• How Much Auto Coverage do I Need? (Insurance Information Institute)
• Five Mistakes to Avoid (Insurance Information Institute)
• Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)