Cheapest Rate Quotes for Volvo V50 Insurance in Kansas City

Car owners not familiar with comparing car insurance rates online might discover locating inexpensive Volvo V50 insurance in Kansas City to be a formidable task.

Shockingly, a large majority of consumers renewed their policy with the same company for four years or more, and just short of a majority have never shopped around. U.S. drivers could save themselves almost 47% a year just by shopping around, but they mistakenly think it’s difficult to compare rate quotes online.

Consumers should take time to do rate comparisons at least once a year because rates are variable and change quite frequently. Despite the fact that you may have had the best rate on Volvo V50 insurance in Kansas City at your last renewal you will most likely find a better price today. Forget all the misinformation about car insurance because I’m going to let you in on the secrets to how to use online quotes to buy cheaper Volvo V50 insurance in Kansas City.

If you are paying for car insurance now, you should be able to find better prices using the ideas covered in this article. Quoting cheaper protection in Kansas City is not as hard as you think. But Missouri vehicle owners need to learn how the larger insurance companies calculate your car insurance rates because it can help you find the best coverage.

Volvo V50 insurance charts and tables

The data table displayed below highlights different coverage prices for Volvo V50 models. Learning a little about how car insurance premiums are determined is important for you to make smart choices when comparing insurance rates.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Missouri minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Premium costs do not factor in specific Kansas City garaging location which can change prices greatly.

Car insurance deductibles

One of the hardest decisions when shopping for car insurance is how low should you set your deductibles. The premium rates below may help to conceptualize the differences in price of buying low and high policy deductibles. The first rate comparisons uses a $250 deductible for physical damage and the second rate table uses a $500 deductible.

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

We can estimate from the data above that using a $250 deductible costs approximately $13 more each month or $156 a year across all Volvo V50 models than buying the higher $500 deductible. Since the policyholder would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to go at least 19 months between claim filings, you would probably come out ahead if you choose the higher deductible.

The information below illustrates how your choice of deductibles and can raise or lower Volvo V50 annual premium costs for each age group. The information is based on a married male driver, full coverage, and no discounts are factored in.

How careless driving impacts car insurance rates

The diagram below illustrates how traffic citations and at-fault collisions can increase Volvo V50 car insurance rates for each age group. Data assumes a married female driver, full coverage, $500 deductibles, and no discounts are applied to the premium.

Cost comparison with and without full coverage

The diagram below illustrates the difference between Volvo V50 insurance costs with full physical damage coverage compared to only buying liability only. The premiums are based on no claims or violations, $500 deductibles, drivers are single, and no additional discounts are factored in.

Should you pay for full coverage?

There is no definitive rule that works best for making the decision to drop physical damage insurance, but there is a general school of thought. If the annual cost of coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.

For example, let’s pretend your Volvo V50 replacement cost is $6,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $5,000 after paying your deductible. If it’s costing in excess of $500 annually for your policy with full coverage, then it may be the right time to buy liability only.

There are some situations where dropping full coverage is not a good idea. If you haven’t paid off your loan, you have to keep full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

Get cheap rates by getting these ten discounts

Car insurance companies don’t always advertise every available discount in an easy-to-find place, so we researched both well-publicized and also the more inconspicuous credits that may apply to you.

• Theft Deterrent System – Cars that have factory anti-theft systems have a lower chance of being stolen and will save you 10% or more on V50 insurance in Kansas City.
• Claim-Free Discount – Claim-free drivers pay less when compared with accident-prone drivers.
• Waiver for an Accident – Not really a discount, but some insurance companies permit an accident without the usual rate increase with the catch being you have to be claim-free for a certain period of time.
• Paper-free Discount – A few larger online companies will discount your bill up to fifty bucks get Kansas City auto insurance on your computer.
• Senior Citizen Rates – If you’re over the age of 55, you can possibly qualify for a small decrease in premiums.
• Discounts for Safe Drivers – Drivers who don’t get into accidents can save as much as half off their rates compared to rates paid by drivers with frequent claims.
• Early Switch Discount – A few larger companies give discounts for renewing your policy prior to your current V50 insurance policy expiration. It can save you around 10%.
• Onboard Data Collection – Policyholders that allow companies to spy on where and when they drive through the use of a telematics system like In-Drive from State Farm and Progressive’s Snapshot could see a rate decrease as long as the data is positive.
• Bundled Policy Discount – If you can bundle your auto and home insurance and place coverage with the same company you could save up to 20% and get you the cheapest Volvo V50 insurance in Kansas City.
• Discount for New Cars – Adding a new car to your policy can be considerably cheaper because newer models are generally safer.

A little disclaimer on discounts, some credits don’t apply to the entire policy premium. Most only cut the price of certain insurance coverages like liability and collision coverage. So even though they make it sound like you can get free auto insurance, it’s just not the way it works. Any amount of discount will bring down your auto insurance premiums.

The illustration below visualizes the comparison of Volvo V50 insurance prices with and without some available policy discounts. The rates are based on a female driver, a clean driving record, no at-fault accidents, Missouri state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, safe-driver, claim-free, marriage, and multi-policy discounts applied.

Companies that may offer most of the discounts above include:

• Mercury Insurance
• Farmers Insurance
• Farm Bureau
• State Farm
• Allstate
• GEICO

When getting a coverage quote, ask every prospective company the best way to save money. Some credits might not apply everywhere. If you would like to see a list of auto insurance companies that offer the discounts shown above in Missouri, click here to view.

Detailed coverages of your auto insurance policy

Having a good grasp of your policy can be of help when determining appropriate coverage for your vehicles. Policy terminology can be confusing and reading a policy is terribly boring.

Uninsured and underinsured coverage

This coverage gives you protection from other drivers when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants as well as damage to your Volvo V50.

Due to the fact that many Missouri drivers only purchase the least amount of liability that is required (25/50/10 in Missouri), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are similar to your liability insurance amounts.

Liability car insurance

Liability coverage provides protection from injuries or damage you cause to other people or property in an accident. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 25/50/10 that translate to a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $10,000. Another option is a combined limit which provides one coverage limit without having the split limit caps.

Liability coverage protects against claims such as pain and suffering, emergency aid, funeral expenses and court costs. The amount of liability coverage you purchase is a personal decision, but you should buy as much as you can afford. Missouri requires drivers to carry at least 25/50/10 but you should consider buying more liability than the minimum.

The illustration below demonstrates why minimum state limits may not provide you with enough coverage.

Comprehensive coverages

This coverage pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like theft, a broken windshield and vandalism. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Auto collision coverage

This will pay to fix damage to your V50 resulting from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like damaging your car on a curb, driving through your garage door and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible on your V50 in order to get cheaper collision rates.

Coverage for medical payments

Med pay and PIP coverage pay for bills such as doctor visits, nursing services, pain medications, dental work and X-ray expenses. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

How to find a good Missouri auto insurance company

Choosing a high-quality car insurance company can be challenging considering how many companies there are in Missouri. The company rank data listed below may help you choose which car insurance companies you want to consider comparing prices from.

Top 10 Kansas City Car Insurance Companies Overall

1. USAA
2. 21st Century
3. GEICO
4. Nationwide
5. AAA Insurance
6. Liberty Mutual
7. Safeco Insurance
8. State Farm
9. Travelers
10. American Family

Top 10 Kansas City Car Insurance Companies Ranked by Value

1. USAA
2. GEICO
3. AAA Insurance
4. State Farm
5. Liberty Mutual
6. Allstate
7. Safeco Insurance
8. 21st Century
9. Travelers
10. Titan Insurance

Affordable coverage is out there

Consumers who switch companies do it for a variety of reasons including questionable increases in premium, poor customer service, unfair underwriting practices and even policy cancellation. No matter why you want to switch, choosing a new company is pretty simple and you could end up saving a buck or two.

As you prepare to switch companies, it’s very important that you do not reduce needed coverages to save money. In many instances, consumers will sacrifice liability limits or collision coverage and found out when filing a claim that the small savings ended up costing them much more. Your focus should be to purchase a proper amount of coverage at an affordable rate and still be able to protect your assets.

Budget-conscious Volvo V50 insurance can be purchased from both online companies and from local agencies, and you should compare price quotes from both to get a complete price analysis. Some car insurance companies may not provide rate quotes online and these smaller companies only sell through independent agents.

Steps to finding low-cost rates for Volvo V50 insurance in Kansas City

The preferred way to find more affordable Volvo V50 insurance is to start comparing rates regularly from companies who sell auto insurance in Kansas City. Price quotes can be compared by following these guidelines.

1. Spend a few minutes and learn about what coverages are included in your policy and the things you can change to lower rates. Many rating criteria that drive up the price like at-fault accidents, careless driving, and a less-than-favorable credit rating can be remedied by making minor changes in your lifestyle.
2. Compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive or Allstate, while independent agents can provide prices from many different companies. Compare rates
3. Compare the price quotes to your current policy and see if there is a cheaper rate. If you find a lower rate quote, ensure coverage does not lapse between policies.

One tip to remember is that you’ll want to compare identical limits and deductibles on every quote request and and to analyze as many different companies as possible. This ensures a fair rate comparison and a good representation of prices.

For more information, link through to these articles:

• Distracted Driving Statistics (Insurance Information Institute)
• Who Has the Cheapest Kansas City Car Insurance Rates for a Ford Fusion? (FAQ)
• Who Has Cheap Car Insurance Quotes for Nurses in Kansas City? (FAQ)
• How Much are Kansas City Auto Insurance Quotes for a Toyota Camry? (FAQ)
• How Much are Auto Insurance Rates for Teachers in Kansas City? (FAQ)
• New head restraint design cuts injuries (Insurance Institute for Highway Safety)
• Choosing an Insurance Company (Insurance Information Institute)
• Credit Impacts Car Insurance Rates (State Farm)
• Keeping Children Safe in Crashes Video (iihs.org)