The best way we recommend to get affordable Volvo V60 insurance in Oakland is to regularly compare quotes from different companies who provide car insurance in California.
Step 1: Read about policy coverages and the things you can control to prevent expensive coverage. Many risk factors that increase rates such as multiple speeding tickets and an unacceptable credit rating can be amended by making lifestyle changes or driving safer.
Step 2: Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO or Allstate, while independent agencies can provide prices from many different companies.
Step 3: Compare the new rate quotes to your existing coverage to see if cheaper V60 coverage is available. 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.
Step 4: Give proper notification to your current agent or company of your intent to cancel your current policy and submit any necessary down payment along with the completed application to the new company. When you receive it, place your new certificate verifying coverage with your vehicle’s registration.
The critical component of shopping around is that you use similar coverage information on each quote and and to get price estimates from every insurance company. Doing this guarantees a fair rate comparison and the most accurate and complete price analysis.
It’s hard to believe, but most consumers renewed their policy with the same company for over three years, and practically 40% of insurance customers have never compared quotes from other companies. Oakland drivers could save roughly $470 each year by just comparing rate quotes, but they won’t spend time to compare rates.
It’s important to know that comparing a wide range of rates helps increase your odds of locating lower pricing. Some insurance companies are not set up to provide Oakland V60 insurance quotes over the internet, so you need to compare rates from them, too.
The following companies are our best choices to provide quotes in Oakland, CA. If you want cheap car insurance in Oakland, we recommend you visit two to three different companies to get a more complete price comparison.
Discount Oakland car insurance rates
Companies offering auto insurance do not advertise the entire discount list in a way that’s easy to find, so the list below contains a few of the more well known as well as the least known credits available to lower your premiums when you buy Oakland car insurance online. If you don’t get every credit available, you are just wasting money.
- Telematics Data Discounts – Drivers who elect to allow their insurance company to study driving manner through the use of a telematics system like In-Drive from State Farm and Progressive’s Snapshot might see lower rates if their driving habits are good.
- Discount for New Cars – Buying a new car instead of a used V60 can save you some money because newer models have to meet stringent safety requirements.
- Defensive Driver Discounts – Passing a course teaching defensive driving skills may get you a small discount and easily recoup the cost of the course.
- Driver Education Discount – It’s a good idea to have your young drivers enroll in driver’s education in high school.
- Own a Home – Being a homeowner can get you a discount because of the fact that having a home requires a higher level of personal finance.
A little disclaimer on discounts, many deductions do not apply to the entire cost. Some only apply to individual premiums such as collision or personal injury protection. So when the math indicates you could get a free car insurance policy, companies don’t profit that way.
Companies that may offer these money-saving discounts include:
If you need lower rates, check with each company which discounts they offer. Depending on the company, some discounts may not be available in your state. To find insurers that offer the discounts shown above in Oakland, click here.
How to Lower Your Insurance Premiums
Multiple criteria are part of the calculation when you get a price on insurance. Some are pretty understandable like a motor vehicle report, although some other factors are less apparent such as your marital status or how safe your car is.
The following are just a few of the factors car insurance companies consider when setting rates.
Claim-free discounts can add up – If you tend to file frequent claims, you should expect either higher rates or even cancellation. Insurance companies in California generally give most affordable rates to policyholders who do not file claims often. Your car insurance is designed for the large, substantial claims.
Do you need those extra policy coverages? – There are a lot of optional add-on coverages that can waste your money on your V60 policy. Add-on coverages like coverage for rental cars, accident forgiveness, and motor club memberships are probably not needed. These may sound like a good investment when you first buy your policy, but your needs may have changed so remove them and pocket the money.
Employer and insurance rates – Occupations such as lawyers, architects, and medical professionals usually pay higher premiums than the average policyholder in part from intense work requirements and long work days. Other occupations such as scientists, engineers and performers receive lower rates.
Cheaper rates with high comp and collision deductibles – Physical damage protection, also known as collision and other-than-collision, is used to repair damage to your vehicle. Examples of some claims that would be covered could be a dented fender, damage caused by hail, and burglary. Physical damage deductibles define the amount you are willing to pay out-of-pocket before your car insurance pays a claim. The more of the claim you choose to pay out-of-pocket, the less your company will charge you for insurance.
Liability protection limits are a factor – Liability coverage is the coverage that protects you in the event that a court rules you are at fault for damages from an accident. Your liability coverage provides legal defense up to the limits shown on your policy. This coverage is relatively inexpensive when compared with rates for comp and collision, so buy as much as you can afford.
Battle of the sexes – Over time, data shows women are more cautious behind the wheel. This data doesn’t prove that women are BETTER drivers than men. Men and women cause fender benders in similar percentages, but males get into accidents with more damage. Men also tend to get more serious tickets like DWI (DUI) or reckless driving.
Use credit responsibly and save – Credit score factor in determining your rates. If your credit can be improved, you could pay less to insure your Volvo V60 by improving your rating. Drivers who have good credit tend to be better risks to insure as compared to drivers with poor credit.
Insurance losses for a Volvo V60 – Insurers use statistical claims data in order to profitably underwrite each model. Vehicles that the data determines to have higher claim amounts or frequency will cost more for coverage.
The table below shows the historical insurance loss data for Volvo V60 vehicles. For each type of coverage, the loss probability for all vehicles, without regard to make or model, is represented as 100. Percentages below 100 imply a favorable loss record, while values that are above 100 indicate a higher chance of having a claim or tendency to have larger claims.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Volvo V60 2WD | 68 | 53 | ||||
| Volvo V60 4WD | 136 | 75 |
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years