How to Save on Tampa Volvo C30 Insurance

The easiest way to find lower priced auto insurance rates in Tampa is to regularly compare price quotes from insurance carriers that insure vehicles in Florida. Rate comparisons can be done by following these steps.

• Step 1: Read and learn about how insurance works and the changes you can make to keep rates down. Many rating factors that cause high rates like at-fault accidents, careless driving, and poor credit rating can be controlled by making minor changes to your lifestyle.
• Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can provide rates from a single company like GEICO or Allstate, while agents who are independent can provide price quotes from multiple insurance companies.
• Step 3: Compare the new rates to the premium of your current policy to see if switching to a new carrier will save money. If you can save some money and decide to switch, make sure coverage does not lapse between policies.
• Step 4: Tell your current company to cancel the current policy and submit a down payment and signed policy application to the new company. Once received, store the certificate verifying coverage with your registration paperwork.

The most important part of shopping around is to use identical limits and deductibles on each quote and and to compare every insurance company. This enables a fair rate comparison and a complete rate analysis.

Amazingly, a recent NerdWallet.com study showed that the vast majority of auto insurance customers have purchased from the same company for four years or more, and nearly half have never even compared rates from other companies. Tampa drivers could save $1,100 each year just by shopping around, but they don’t know how much they could save if they changed companies.

Locating the best insurance company for you in Tampa can be easy if you know a few tricks. If you are already insured, you will surely be able to cut your premiums using these tips. Nevertheless, Florida car owners must know how big insurance companies calculate your insurance rates because rates are impacted by many factors.

Coverage information

The rate table shown below highlights different rate quotes for Volvo C30 models. Being able to understand how premiums are calculated can be valuable when making smart choices when purchasing an auto insurance policy.

Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Prices do not factor in the specific area where the vehicle is garaged which can alter price quotes greatly.

Higher deductibles save money

One frequently asked question is how high should your deductibles be. The rates shown below approximate the price difference when you choose different insurance deductibles. The first rate table uses a $250 physical damage deductible and the second price chart uses a $1,000 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Estimates do not factor in specific garaging location which can lower or raise price quotes greatly.

Based on the data above, we can derive that using a $250 deductible could cost the average driver approximately $31 more each month or $372 annually across all Volvo C30 models than buying the higher $1,000 deductible. Since the policyholder would be required to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you go more than 24 months between claims, you would save more money if you choose the higher deductible. The table below illustrates the way this calculation is made.

An important thing to remember is that raising deductibles to save money means you will have to cover more of the damage yourself when you have to file a claim. You need to make sure you have some funds available in the event you need to pay more to get your vehicle repaired.

Take these eight policy discounts and save on Volvo C30 insurance in Tampa

Insurance is not an enjoyable expense, but discounts can save money and there are some available that many consumers don’t even know exist. Most are applied when you get a quote, but less common discounts must be asked about before you will receive the discount.

• Discount for Passive Restraints – Factory air bags can get savings of 25 to 30%.
• Distant College Student Discount – Older children who are attending college and do not have access to a covered vehicle can receive lower rates.
• No Accidents – Drivers who don’t have accidents can earn big discounts as compared to drivers with a long claim history.
• Discounts for Federal Employees – Simply working for the federal government could qualify for a slight premium decrease but check with your company.
• Theft Deterrent System – Anti-theft and alarm system equipped vehicles help deter theft so companies will give you a small discount.
• Auto/Home Discount – If you can bundle your home and auto insurance with one company you could get a discount of nearly 15% which can help you find low cost Volvo C30 insurance.
• Data Collection Discounts – Drivers that enable their insurance company to monitor driving manner by installing a telematics device like Allstate’s Drivewise could see a rate decrease as long as the data is positive.
• Discount for Swiching Early – A few insurance companies give discounts for switching companies before your current coverage expires. It can save you around 10%.

Just know that most discount credits are not given to the entire policy premium. Some only reduce specific coverage prices like medical payments or collision. So despite the fact that it appears all the discounts add up to a free policy, insurance companies aren’t that generous.

The example below shows the difference between Volvo C30 premium costs with and without discounts being applied to the rates. The premium estimates are based on a female driver, no tickets, no at-fault accidents, Florida 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 homeowner, multi-car, marriage, multi-policy, claim-free, and safe-driver discounts applied.

Auto insurance companies who may offer most of the discounts above may include but are not limited to:

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

If you need lower rates, check with all companies you are considering which discounts can lower your rates. Some discounts might not be available to policyholders in Tampa. To find companies with the best Volvo C30 insurance discounts in Florida, click here.

Car insurance coverage breakdown

Learning about specific coverages of your car insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and nobody wants to actually read their policy. Shown next are the usual coverages found on the average car insurance policy.

Liability – This coverage protects you from damages or injuries you inflict on other’s property or people. This coverage protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 10/20/10 which means a $10,000 limit per person for injuries, a per accident bodily injury limit of $20,000, and $10,000 of coverage for damaged property.

Liability can pay for things such as attorney fees, medical expenses, funeral expenses, medical services and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford. Florida requires drivers to carry at least 10/20/10 but you should think about purchasing more coverage.

The next chart shows why buying low liability limits may not be adequate.

Collision coverage – Collision insurance will pay to fix damage to your C30 caused by collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for things such as crashing into a ditch, sustaining damage from a pot hole, backing into a parked car, colliding with a tree and damaging your car on a curb. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible on your C30 to save money on collision insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This provides protection when other motorists do not carry enough liability coverage. It can pay for medical payments for you and your occupants and damage to your Volvo C30.

Since many Florida drivers only carry the minimum required liability limits (10/20/10 in Florida), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Comprehensive auto coverage – Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as fire damage, a tree branch falling on your vehicle and vandalism. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Medical payments and PIP coverage – Coverage for medical payments and/or PIP pay for expenses for ambulance fees, hospital visits, EMT expenses and rehabilitation expenses. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Cheaper car insurance is a realistic goal

When trying to cut insurance costs, it’s very important that you do not sacrifice coverage to reduce premiums. There have been many situations where consumers will sacrifice comprehensive coverage or liability limits and learned later that the savings was not a smart move. The ultimate goal is to buy a smart amount of coverage at an affordable rate.

We covered some good ideas how to find lower-cost Volvo C30 insurance in Tampa. It’s most important to understand that the more providers you compare, the higher the chance of saving money. You may even discover the lowest priced car insurance comes from a company that doesn’t do a lot of advertising. Regional companies can often provide lower premium rates in certain areas as compared to the big name companies such as Allstate and Progressive.

Additional information is located at these links:

• What Does No-Fault Insurance Cover? (Allstate)
• What Car Insurance is Cheapest for Drivers with Accidents in Tampa? (FAQ)
• What Car Insurance is Cheapest for Single Moms in Tampa? (FAQ)
• What Insurance is Cheapest for Drivers with Bad Credit in Tampa? (FAQ)
• Who Has Cheap Tampa Auto Insurance for Retired Military? (FAQ)
• Learn About Car Insurance (GEICO)
• What to do at the Scene of an Accident (Insurance Information Institute)
• What is Gap Insurance? (Insurance Information Institute)