Volvo V50 Insurance Rates in Sacramento

It takes a little time, but the best way to get the cheapest Volvo V50 insurance in Sacramento is to begin comparing prices regularly from insurers in California. Rate comparisons can be done by following these guidelines.

  1. Spend a few minutes and learn about how insurance works and the modifications you can make to prevent expensive coverage. Many rating factors that cause rate increases such as traffic tickets, fender benders, and a less-than-favorable credit score can be improved by being financially responsible and driving safely. Read the full article for more details to prevent high rates and find more discounts that you may not know about.
  2. Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from one company like GEICO and State Farm, while independent agencies can quote prices from multiple insurance companies.
  3. Compare the new rate quotes to your existing policy and see if you can save money. If you find a lower rate, make sure the effective date of the new policy is the same as the expiration date of the old one.

A good tip to remember is that you’ll want to make sure you compare similar limits and deductibles on each quote and to quote with every insurance company. This enables a fair rate comparison and a thorough price selection.

Insurance for Volvo V50A recent insurance study discovered that most insurance policyholders renewed their policy with the same company for more than four years, and about 40% of consumers have never compared insurance rates at all. With the average premium in California being $1,390, drivers could save as much as $470 each year by just comparing rate quotes, but they mistakenly think it’s difficult to compare rates and save money.

Which Volvo V50 insurance is cheapest in Sacramento?

Most larger insurance companies like 21st Century, Allstate and State Farm provide coverage prices online. Comparing prices online for Volvo V50 insurance in Sacramento is fairly straightforward as all you need to do is type in your coverage preferences on the page. Once you submit the form, the system sends out for your driving and credit reports and quotes a price based on these and other factors.

Being able to quote online for Volvo V50 insurance in Sacramento makes it a lot easier to compare rates and it is imperative to perform this step if you want to find the lowest payment on auto insurance.

To save time and compare rates now, visit the companies below or click here to submit a quote request to multiple companies at once. If you have your current policy handy, we recommend that you enter your coverages exactly as they are listed on your policy. This makes sure you’re receiving a rate comparison based on the exact same insurance coverage.

The following companies are our best choices to provide free quotes in Sacramento, CA. In order to find the best auto insurance in Sacramento, we recommend you visit several of them to get the lowest price.

Data for Volvo V50 insurance

The coverage table below outlines different coverage prices for Volvo V50 models. Having insight into how auto insurance policy rates are formulated can help drivers make decisions on which coverage to buy.

Volvo V50 Insurance Rates in Sacramento, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
V50 2.4I $228 $482 $574 $34 $172 $1,490 $124
V50 AWD T5 R-Design $228 $554 $574 $34 $172 $1,562 $130
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Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Information does not factor in garaging location in Sacramento which can alter rates substantially.

Higher deductibles save money

One of the most common auto insurance questions is at what level do you set your deductibles. The figures shown below summarize the costs and benefits when you select higher and lower comp and collision deductibles. The first set of prices uses a $250 deductible for comprehensive and collision coverage and the second rate table uses a $500 deductible.

Volvo V50 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
V50 2.4I $386 $678 $442 $26 $132 $1,689 $141
V50 AWD T5 R-Design $386 $780 $442 $26 $132 $1,791 $149
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Volvo V50 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
V50 2.4I $314 $546 $442 $26 $132 $1,460 $122
V50 AWD T5 R-Design $314 $630 $442 $26 $132 $1,544 $129
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Premium amounts do not factor in vehicle location which can change coverage rates substantially.

Based on these figures, using a $250 deductible costs roughly $19 more each month or $228 every year across all Volvo V50 models than buying the higher $500 deductible. Since you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you go at a minimum 13 months between claim filings, you would most likely save money going with the higher deductible.

How to calculate when to raise deductibles

Average monthly premium for $250 deductibles: $145
Average monthly premium for $500 deductibles (subtract): – $126
Monthly savings from raising deductible: $19
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $19
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

An important sidenote is that raising deductibles means you will have to pay more out-of-pocket when you do file a claim. You need to have some funds available in order to pay the higher deductible in order to repair your vehicle.

The diagram below demonstrates how choosing different deductibles and can change Volvo V50 insurance premiums for different insured age categories. The premium estimates are based on a married male driver, comprehensive and collision coverage, and no discounts are factored in.

Rate difference between full and liability-only coverage

The illustration below visualizes the comparison of Volvo V50 insurance rates with liability coverage only compared to full coverage. The rates are based on no claims or driving citations, $100 deductibles, marital status is single, and no discounts are taken into consideration.

When to drop comprehensive and collision coverage

There is no set rule of when to stop paying for physical damage coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let’s pretend your Volvo V50 settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would receive is $6,000 after paying your deductible. If premium cost is more than $600 annually for full coverage, then you might want to consider buying only liability coverage.

There are some conditions where buying only liability insurance is not a good idea. If you haven’t paid off your loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should keep full coverage in place.

Local neighborhood agents and car insurance

Many people just want to sit down with an agent and there is nothing wrong with that. A good thing about getting free rate quotes online is that you can find better rates and still have an agent to talk to. Buying from neighborhood insurance agencies is still important in Sacramento.

Insurance agents in SacramentoUpon completion of this form (opens in new window), the quote information is immediately sent to insurance agents in Sacramento that give free quotes and help you find cheaper coverage. You won’t even need to search for an agent as quotes are delivered directly to your email. You can most likely find cheaper rates AND a local agent. If you want to compare prices from a specific car insurance provider, you just need to navigate to their website and fill out the quote form the provide.

Deciding on an company requires you to look at more than just a cheap price quote. Agents should be asked these questions:

If you get good answers and an affordable coverage quote, you may have just found a company that is professional and can adequately provide car insurance.