Do you want to save money by finding lower-priced Volvo XC90 insurance in Lincoln? Wish you could get a refund on an expensive auto insurance policy? It’s quite common and many Lincoln drivers feel the same as you.
It’s hard to fathom, but nearly 70% of consumers kept buying from the same company for a minimum of four years, and nearly 40% of drivers have never compared quotes from other companies. Lincoln drivers could cut their rates by approximately $388 a year, but they don’t believe how much money they would save if they switched. You have so many auto insurance companies to buy insurance from, and even though it’s nice to have a choice, it can be more challenging to get the best deal for Volvo XC90 insurance in Lincoln.
You should make it a habit to take a look at other company’s rates occasionally because auto insurance rates are rarely the same from one policy term to another. Just because you found the lowest premium rates on Volvo XC90 insurance in Lincoln on your last policy there may be better deals available now. Block out anything you think you know about auto insurance because we’re going to show you one of the best ways to reduce your cost while increasing coverage.
Finding cheap Lincoln car insurance prices can be relatively painless. You just have to take time comparing free Lincoln car insurance quotes from online providers.
Doing price comparisons online is so simple that it takes the place of having to go to insurance agencies in your area. The fact that you can get quotes online can eliminate the need for a local agent unless you have a complicated situation and need the guidance that only an agent can give. Although, it is possible get the lowest quotes online but still have the advice of a local agent.
The providers in the list below can provide quotes in Lincoln, NE. If your goal is to find cheap auto insurance in NE, we recommend you visit as many as you can to get a more complete price comparison.
Insurance rate breakdown
The rate information shown next outlines different insurance prices for Volvo XC90 models. Understanding how car insurance premiums are figured can help guide drivers when making decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC90 3.2 2WD | $138 | $284 | $338 | $20 | $102 | $882 | $74 |
| XC90 3.2 R-Design 2WD | $138 | $284 | $338 | $20 | $102 | $882 | $74 |
| XC90 3.2 AWD | $154 | $326 | $338 | $20 | $102 | $940 | $78 |
| XC90 V8 AWD | $154 | $326 | $338 | $20 | $102 | $940 | $78 |
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Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Information does not factor in specific garaging location which can decrease or increase insurance rates considerably.
Raise deductibles and save
A question often asked by Lincoln drivers is how low should you set your deductibles. The figures shown below may help to conceptualize the premium difference of buying low and high deductibles. The first set of rates uses a $250 deductible for physical damage and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC90 3.2 2WD | $262 | $460 | $300 | $18 | $90 | $1,155 | $96 |
| XC90 3.2 R-Design 2WD | $262 | $460 | $300 | $18 | $90 | $1,155 | $96 |
| XC90 3.2 AWD | $292 | $530 | $300 | $18 | $90 | $1,255 | $105 |
| XC90 V8 AWD | $292 | $530 | $300 | $18 | $90 | $1,255 | $105 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC90 3.2 2WD | $162 | $290 | $300 | $18 | $90 | $860 | $72 |
| XC90 3.2 R-Design 2WD | $162 | $290 | $300 | $18 | $90 | $860 | $72 |
| XC90 3.2 AWD | $180 | $334 | $300 | $18 | $90 | $922 | $77 |
| XC90 V8 AWD | $180 | $334 | $300 | $18 | $90 | $922 | $77 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Rate information does not factor in vehicle location which can raise or lower prices considerably.
We can derive from the above data that using a $250 deductible costs an average of $26 more each month or $312 every year than quoting 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 tend to go at least 29 months between claim filings, you would probably come out ahead if you choose the higher deductible.
Choosing Volvo vehicle insurance is an important decision
Despite the potentially high cost of Volvo XC90 insurance, buying insurance is a good idea for several reasons.
First, just about all states have compulsory liability insurance requirements which means you are required to buy specific limits of liability insurance coverage in order to drive the car. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you have a loan on your Volvo XC90, most lenders will require you to have physical damage coverage to protect their interest in the vehicle. If you default on your policy, the bank may buy a policy for your Volvo at a much higher rate and require you to fork over the higher premium.
Third, insurance preserves both your assets and your Volvo. It also can pay for all forms of medical expenses that are the result of an accident. Liability coverage also pays for attorney fees and expenses if you are named as a defendant in an auto accident. If your Volvo gets damaged, comprehensive and/or collision insurance will pay to have it repaired.
The benefits of having insurance definitely exceed the price paid, particularly when you have a large claim. But the average driver in Nebraska is currently overpaying as much as $850 per year so shop around at every policy renewal to be sure current rates are still competitive.
The Volvo XC90 Insurance Cost Equation
Lots of factors are part of the equation when quoting car insurance. Some are pretty understandable like your driving record, although others are more transparent like where you live or your financial responsibility. It’s important that you understand the rating factors that help calculate the price you pay for auto insurance. If you have some idea of what influences your rates, this helps enable you to make changes that could result in lower rates.
The itemized list below are a few of the things used by companies to determine your prices.
Qualify for multi-policy discounts – Many insurance companies will give discounts to buyers who buy several policies from them, otherwise known as a multi-policy discount. Even with this discount applied, it’s always a smart idea to shop around to guarantee you are still saving the most.
Safer vehicles mean better premiums – Vehicles with high crash test scores cost less to insure. These vehicles reduce the chance of injuries and any reduction in injury severity means less claims paid and thus lower rates.
Teen drivers pay high prices – Older drivers are proven to be safer behind the wheel, cause fewer claims and accidents, and are safer drivers. Beginning drivers have been known to be careless and easily distracted when driving and because of this, their auto insurance rates are much higher.
The next chart is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.
Credit score impact auto insurance rates – Having a bad credit score is a big factor in calculating your premium rate. Consumers who have good credit tend to be better risks to insure than drivers who have poor credit. If your credit leaves room for improvement, you may save money insuring your Volvo XC90 by repairing your credit.
Liability coverage – Your auto insurance policy’s liability coverage is the coverage that protects you if ever a court rules you are at fault for an accident. It provides you with a defense in court which can be incredibly expensive. Liability insurance is pretty cheap compared to other policy coverages, so drivers should carry high limits.
Auto insurance rates and your vocation – Do you work in a high-stress field? Occupations such as military personnel, social workers, and financial analysts usually pay the highest average rates due to high stress levels and lots of time spent away from family. On the other hand, occupations like scientists, students and performers pay lower than average rates.
Low physical damage deductibles can be expensive – Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Volvo. A few examples of covered claims would be a broken windshield, damage from fire, or theft. Physical damage deductibles are the amount of money you are required to spend if you file a covered claim. The higher the amount the insured has to pay upfront, the less money you will pay for auto insurance.
Your situation helps dictate your coverage
When it comes to choosing insurance from an agent or online for your personal vehicles, there isn’t really a one size fits all plan. You are unique.
For instance, these questions might help in determining whether you could use an agent’s help.
- When would I need rental car insurance?
- What does medical payments cover?
- Which is better, split liability limits or combined limits?
- Is my ex-spouse still covered by my policy?
- Am I covered when delivering products for my home-based business?
- Can I afford to pay high deductible claims out of pocket?
- Is my cargo covered for damage or theft?
- Is my babysitter covered when using my vehicle?
- How many claims can I have before being canceled?
- Should I rate my Volvo XC90 as pleasure use or commute?
If it’s difficult to answer those questions but you know they apply to you then you might want to talk to an agent. To find lower rates from a local agent, complete this form. It’s fast, doesn’t cost anything and can provide invaluable advice.
More effort can pay off
We’ve covered some good ideas how you can compare Volvo XC90 insurance rates in Lincoln. It’s most important to understand that the more quotes you get, the more likely it is that you will get a better rate. You may even find the lowest rates are with a small local company.
When getting Lincoln car insurance quotes online, make sure you don’t buy poor coverage just to save money. There are a lot of situations where an insured cut physical damage coverage and learned later that the savings was not a smart move. Your strategy should be to buy enough coverage at the best price, but do not skimp to save money.
Affordable Volvo XC90 insurance in Lincoln can be sourced from both online companies and from local agencies, and you should compare price quotes from both in order to have the best chance of saving money. A few companies may not provide the ability to get quotes online and these small insurance companies provide coverage only through independent insurance agents.
Steps to finding cheaper rates for Volvo XC90 insurance in Lincoln
The most effective way to find better pricing on auto insurance rates is to start comparing prices regularly from different companies in Lincoln. Drivers can shop around by completing these steps.
First, read and learn about how insurance works and the things you can change to lower rates. Many factors that result in higher rates such as careless driving and poor credit can be remedied by making minor changes to your lifestyle.
Second, compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can give quotes from one company like GEICO or Farmers Insurance, while agents who are independent can provide price quotes for a wide range of companies.
Third, compare the new rates to your existing rates and see if you can save money. If you find a better price and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.
Fourth, give proper notification to your current agent or company of your decision to cancel your current coverage and submit the required down payment along with the signed application to your new insurance company. When you receive it, place your new certificate of insurance in an easily accessible location in your vehicle.
An important bit of advice to remember is that you’ll want to make sure you compare the same deductibles and limits on each price quote and and to get price quotes from every company you can. Doing this guarantees an accurate price comparison and many rates to choose from.
Even more information can be found in the articles below:
- Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
- How Much is Auto Insurance for a Honda Civic in Lincoln? (FAQ)
- How Much is Car Insurance for Uber Drivers in Lincoln? (FAQ)
- Who Has Cheap Car Insurance Rates for a Toyota Tacoma in Lincoln? (FAQ)
- Side Impact Crash Tests (iihs.org)
- Understanding Rental Car Insurance (Insurance Information Institute)