Would you like to save money by finding more competitive Volvo S40 insurance in Austin? Wish you could get a refund on overpriced Volvo S40 insurance in Austin? It’s a common feeling and there are many Austin drivers thinking the same thing.
Sad but true, the vast majority of Texas auto insurance customers kept buying from the same company for over three years, and 38% of customers have never taken the time to shop around. Many consumers in America could save about $860 a year by just comparing quotes, but most tend to underestimate the rate savings if they swap their current policy for a cheaper one. Vehicle owners have multiple auto insurance companies to purchase coverage from, and although it’s a good thing to have multiple companies, too many choices makes it more difficult to adequately compare rates for Volvo S40 insurance in Austin.
It’s a great practice to do price comparisons every six months since insurance prices are constantly changing. If you had the best rates on Volvo S40 insurance in Austin at your last renewal you can probably find a better premium rate now. Forget all the misinformation about auto insurance because you’re about to learn one of the easiest ways to find lower rates on auto insurance.
Obtaining price quotes for the most affordable auto insurance coverage in Austin is easy to do. If you have a current auto insurance policy or just want cheaper coverage, you can follow these tips to find better prices and possibly find even better coverage. Consumers only need to know the tricks to compare price quotes instantly.
Discounts for cheaper car insurance rates
Some providers don’t always list all their discounts very clearly, so the list below details a few of the more well known and also the lesser-known credits that you can use to lower your rates.
- ABS and Traction Control Discounts – Vehicles that have steering control and anti-lock brakes can avoid accidents so companies give up to a 10% discount.
- Save with a New Car – Buying a new car instead of a used S40 can get you a discount because newer models have to meet stringent safety requirements.
- Theft Prevention System – Cars, trucks, and SUVs that have factory anti-theft systems are stolen with less frequency and therefore earn up to a 10% discount.
- Safety Course Discount – Completing a driver safety course could save 5% or more if you qualify.
- Auto/Life Discount – Not all insurance companies offer life insurance, but some may give you a discount if you purchase a life insurance policy as well.
- Student Discounts – Maintaining excellent grades may save you up to 25%. Most companies allow this discount up until you turn 25.
- Driver’s Education for Students – Require your teen driver to enroll and complete driver’s education as it can save substantially.
- Military Rewards – Being on active duty in the military could qualify you for better prices.
- Renewal Discounts – Some larger companies give discounts for switching policies before your current coverage expires. It could save around 10% when you buy Austin auto insurance online.
Discounts reduce rates, but you should keep in mind that some credits don’t apply to your bottom line cost. Most only reduce individual premiums such as liability, collision or medical payments. Just because it seems like all the discounts add up to a free policy, it’s just not the way it works.
To view providers with discount car insurance rates in Texas, click this link.
Getting a cheaper price on Volvo S40 insurance is actually easier than you may think. All that’s required is to take a few minutes getting comparison quotes provided by online insurance companies.
Doing price comparisons online is so simple that it makes it obsolete to drive around to each insurance agency near you. Quoting Volvo S40 insurance online eliminates this option unless you want the guidance that only a licensed agent can provide. It is possible to compare the best prices online but buy from a local insurance agent.
The providers in the list below have been selected to offer free quotes in Texas. If multiple companies are shown, it’s highly recommended you visit as many as you can in order to get a fair rate comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| S40 2.4I | $198 | $416 | $496 | $30 | $148 | $1,288 | $107 |
| S40 T5 | $288 | $594 | $366 | $22 | $110 | $1,380 | $115 |
| S40 T5 AWD R-Design | $378 | $584 | $500 | $30 | $150 | $1,642 | $137 |
| Get Your Own Custom Quote Go | |||||||
Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rates do not factor in specific location which can impact coverage prices considerably.
Should you raise deductibles?
The example below demonstrates how deductibles and can affect Volvo S40 insurance costs for different age categories. Data assumes a married female driver, comprehensive and collision coverage, and no discounts are applied.
How to Lower Your Insurance Rates
Lots of things are part of the calculation when you get your auto insurance bill. Some are pretty understandable like an MVR report, although others are not as apparent such as your marital status or how safe your car is. Smart consumers have a good feel for some of the elements that help determine the rates you pay for car insurance. If you have some idea of what determines premiums, this empowers consumers to make smart changes that can earn you better car insurance rates.
Shown below are a few of the “ingredients” utilized by car insurance companies to help set prices.
Cars with good safety ratings means better premiums – Vehicles with high crash test scores cost less to insure. Vehicles built for safety reduce injuries and lower rates of occupant injuries translates into savings for insurance companies and cheaper rates on your policy.
Never go without car insurance – Having a gap between insurance policy dates will be a fast way to increase your rates. In addition to paying higher rates, not being able to provide proof of insurance may result in a steep fine or even jail time.
Being married can lower rates – Being married can get you a discount when buying car insurance. Marriage may mean you are more mature and responsible and insurance companies like that married drivers get in fewer accidents.
Comp and collision deductibles are a factor – Physical damage coverage, also known as collision and other-than-collision, insures against damage to your Volvo. A few examples of covered claims could be a windshield shattered by a rock, collision with an animal, and having your car stolen. Deductibles for physical damage are the amount of money you are required to pay if the claim is covered. The larger the amount you are required to pay out-of-pocket, the lower your rates will be.
Drive less and pay lower prices – Driving a lot of miles in a year the more you’ll pay to insure it. A lot of insurance companies charge rates based upon how the vehicle is primarily used. Autos left parked in the garage qualify for better rates compared to those used for work or business. Incorrect rating for your S40 may be costing you. It’s always a good idea to double check that your policy properly reflects annual mileage, because improper ratings can cost you money.
Do I need an insurance agency?
Many people still prefer to talk to an insurance agent. Professional insurance agents are very good at helping people manage risk and help file insurance claims. The best thing about comparing insurance prices online is that drivers can save money and get the lowest rates and still have an agent to talk to. Buying from neighborhood agents is important particularly in Austin.
After completing this simple form, your insurance data is emailed to agents in your area who will return price quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to even leave your home since rate quotes are delivered instantly to you. If you have a need to quote rates from one company in particular, you can always search and find their rate quote page and give them your coverage information.
How to choose the best auto insurance agent in Austin
If you want to buy auto insurance from a local Austin insurance agent, you should know the types of insurance agents and how they differ in how they can insure your vehicles. Auto insurance agents are classified as either exclusive or independent agents depending on their company appointments. Both sell and service auto insurance coverage, but it’s good to learn the difference in how they write coverage since it can impact the selection process.
Independent Auto Insurance Agents (or Brokers)
Agents that choose to be independent can sell policies from many different companies and that enables them to quote your coverage through many different auto insurance companies and find you cheaper rates. To transfer your coverage to a different company, they can switch companies in-house which makes it simple for you.
If you are comparing rate quotes, we recommend you get insurance quotes from several independent insurance agents so that you have a good selection of quotes to compare.
Featured below is a small list of independent agencies in Austin that may be able to provide free auto insurance rate quotes.
AUSTIN AREA INSURANCE AGENCY
8711 Burnet Rd – Austin, TX 78757 – (512) 253-8726 – View Map
Danback Insurance Agency
8312 Burnet Rd #115 – Austin, TX 78757 – (512) 454-4567 – View Map
EZ Insurance Agency – Main
4502 S Congress Ave – Austin, TX 78745 – (512) 444-4040 – View Map
Exclusive Auto Insurance Agents
Exclusive agencies work for only one company such as State Farm, Allstate and AAA. These agents are unable to place coverage with different providers so you need to shop around if the rates are high. They receive a lot of sales training on their company’s products which helps offset the inability to provide other markets.
Listed below is a short list of exclusive insurance agents in Austin who can help you get rate quotes.
Allstate Insurance: Homero Escobar
730 W Stassney Ln Ste 230 – Austin, TX 78745 – (512) 443-9598 – View Map
Bennie Council – State Farm Insurance Agent
6448 US-290 f110 – Austin, TX 78723 – (512) 454-4524 – View Map
Richard Munoz – State Farm Insurance Agent
5446 W US Hwy 290 Service Rd #104 – Austin, TX 78735 – (512) 892-3527 – View Map
Finding a good car insurance agent shouldn’t rely on just the price. Here are some questions you should ask.
- If they are an independent agency in Austin, which companies do they recommend?
- Is insurance their full-time profession?
- How many years of experience in personal auto insurance do they have?
- How much can you save by raising your physical damage deductibles?
- Which insurance company do they prefer to write with?
Car insurance is not optional but you don’t have to overpay
Despite the high cost, maintaining insurance may not be optional for several reasons.
First, the majority of states have minimum mandated liability insurance limits which means you are required to buy specific minimum amounts of liability insurance coverage in order to drive the car. In Texas 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 you took out a loan on your S40, more than likely the lender will have a requirement that you have comprehensive coverage to ensure the loan is repaid in case of a total loss. If the policy lapses, the bank may buy a policy for your Volvo at a much higher rate and force you to reimburse them the higher price.
Third, insurance protects not only your vehicle but also your financial assets. It will also cover most medical and hospital costs that are the result of an accident. One of the most valuable coverages, liability insurance, also covers legal expenses if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.
The benefits of insuring your S40 definitely exceed the cost, especially for larger claims. An average driver in America overpays more than $810 a year so compare rates at every renewal to ensure rates are inline.
More quotes mean more car insurance savings
We covered a lot of techniques to reduce Volvo S40 insurance prices online in Austin. It’s most important to understand that the more companies you get rates for, the better your chances of lowering your rates. Drivers may even discover the most savings is with a company that doesn’t do a lot of advertising. These companies may only write in your state and offer lower rates than their larger competitors like State Farm, GEICO and Nationwide.
When you buy Austin auto insurance online, do not buy lower coverage limits just to save a few bucks. There are many occasions where an accident victim reduced uninsured motorist or liability limits only to regret at claim time that it was a big error on their part. Your goal should be to find the BEST coverage at the best price, not the least amount of coverage.
Other learning opportunities
- Five Tips to Save on Auto Insurance (Insurance Information Institute)
- How Much are Auto Insurance Quotes for Drivers with a DUI in Austin? (FAQ)
- Who Has the Cheapest Car Insurance for Handicapped Drivers in Austin? (FAQ)
- How Much are Car Insurance Quotes for Good Drivers in Austin? (FAQ)
- Who Has Cheap Auto Insurance for Hybrid Vehicles in Austin? (FAQ)
- Who Has Cheap Car Insurance Rates for Single Moms in Austin? (FAQ)
- How Much are Austin Auto Insurance Rates for Real Estate Agents? (FAQ)
- How Much are Auto Insurance Rates for Drivers Over Age 60 in Austin? (FAQ)
- What is Full Coverage? (Allstate)
- Liability Insurance Coverage (Nationwide)
- How Much Auto Coverage do I Need? (Insurance Information Institute)