A recent survey discovered that the vast majority of consumers have purchased from the same company for at least the last four years, and virtually 40% of consumers have never shopped around. With the average premium in Minnesota being $2,240, drivers could pocket roughly $1,039 a year just by shopping around, but they just don’t want to find cheaper car insurance rates.
The best way to get the cheapest Volvo XC90 insurance is to make a habit of comparing prices annually from providers who provide auto insurance in Minneapolis.
- Step 1: Get an understanding of car insurance and the changes you can make to keep rates low. Many factors that result in higher prices such as traffic citations, accidents, and a bad credit score can be amended by making small lifestyle or driving habit changes.
- Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give prices from a single company like GEICO or State Farm, while agents who are independent can provide rate quotes from multiple sources.
- Step 3: Compare the price quotes to the price on your current policy and determine if there is any savings. If you find a lower rate quote and decide to switch, verify that coverage does not lapse between policies.
- Step 4: Tell your current agent or company to cancel the current policy and submit the signed application along with the required initial payment to your new agent or company. Immediately place your new proof of insurance certificate somewhere easily accessible.
The key thing to know about shopping around is to compare similar coverage information on each price quote and and to look at as many companies as you can. Doing this provides a fair price comparison and a complete price analysis.
If you have car insurance now, you will definitely be able to cut your premiums using the ideas presented in this article. Finding the cheapest coverage in Minneapolis can be made easier if you know where to look. Nevertheless, Minnesota consumers must learn how insurance companies sell insurance online and use this information to your advantage.
Most major insurance companies provide coverage price quotes online. Doing online price comparisons for Volvo XC90 insurance in Minneapolis is pretty easy as you simply type in the coverages you want as detailed in the form. Behind the scenes, the quote system gets your driving record and credit report and returns a price quote. This helps simplify price comparisons, and it’s necessary to get many rate quotes if you are searching for lower-cost rates.
If you want to find out how much you can save on car insurance, consider comparing rates from the companies shown below. If you have a policy now, it’s recommended that you enter deductibles and limits as close as possible to your current policy. This guarantees you’re receiving an apples-to-apples comparison based on identical coverages.
The following companies can provide price quotes in Minneapolis, MN. If you want the best car insurance in Minnesota, we suggest you get rates from several of them to get the best price comparison.
Get cheaper Volvo XC90 insurance in Minneapolis with discounts
Insurance is expensive, but companies offer discounts that you may not know about. A few discounts will automatically apply at quote time, but some may not be applied and must be asked for before you will receive the discount. If you do not double check each discount you deserve, you are paying more than you should be.
- Payment Method – If paying your policy premium upfront as opposed to paying monthly you may have a lower total premium amount.
- Military Discounts – Having a family member in the military can result in better premium rates.
- Anti-theft System – Anti-theft and alarm system equipped vehicles are less likely to be stolen and that can save you a little bit as well.
- Smart Student Discounts – A discount for being a good student can earn a discount of 20% or more. This discount can apply until age 25.
- Federal Government Employee – Active or former government employment could qualify for a slight premium decrease with select insurance companies.
Don’t be shocked that most of the big mark downs will not be given to the overall cost of the policy. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So when the math indicates you would end up receiving a 100% discount, it’s just not the way it works.
The information below compares Volvo XC90 auto insurance costs with and without discounts applied to the policy premium. Data assumes a female driver, no claims or driving violations, Minnesota state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, safe-driver, homeowner, marriage, and claim-free discounts applied.
A partial list of companies that possibly offer most of the discounts above include:
- State Farm
- Liberty Mutual
- American Family
- Farmers Insurance
- Auto-Owners Insurance
Before you buy a policy, ask each company which discounts you qualify for. Some of the earlier mentioned discounts may not apply in Minneapolis. To see companies that offer some of these discounts in Minneapolis, click here.
The table displayed next covers different coverage costs for Volvo XC90 models. Having a good grasp of how rates are figured can help guide drivers when making decisions on the best policy to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|XC90 3.2 2WD||$342||$714||$428||$26||$128||$1,638||$137|
|XC90 3.2 R-Design 2WD||$342||$714||$428||$26||$128||$1,638||$137|
|XC90 3.2 AWD||$380||$822||$428||$26||$128||$1,784||$149|
|XC90 V8 AWD||$380||$822||$428||$26||$128||$1,784||$149|
|Get Your Own Custom Quote Go|
Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Premium amounts do not factor in your specific Minneapolis location which can increase or decrease premiums considerably.
The example below highlights how deductible choice and can increase or decrease Volvo XC90 insurance costs for each different age category. The costs are based on a married female driver, full coverage, and no discounts are factored in.
How accidents and violations affect rates in Minneapolis
The chart below shows how traffic citations and at-fault claims impact Volvo XC90 insurance costs for different age groups. The data assumes a single male driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.
Are auto insurance agents obsolete?
Many drivers just prefer to get advice from a local agent and there is nothing wrong with that. An additional benefit of comparing insurance prices online is the fact that you can find lower car insurance rates and still have a local agent.
After filling out this quick form, your insurance data is sent to local insurance agents that give free quotes to get your business. You won’t even need to leave your house since price quotes are sent to your email. You’ll get the best rates and a licensed agent to talk to. If you want to get a comparison quote from a specific company, you can always search and find their rate quote page and complete a quote there.
Choosing an insurer requires more thought than just a cheap price quote. These questions are important to ask:
- Can you get a list of referrals?
- Which insurance company do they prefer to write with?
- Who are their largest clients?
- Is their price quote a firm figure or are their hidden costs?
- Has the agent ever had any license suspensions?
- Do you need full coverage on every vehicle?
- How long has the business existed?
- If they are an independent agency in Minneapolis, which companies do they recommend?
The difference between Minneapolis auto insurance agents
If you want to use a good insurance agency, you should know the different agency structures from which to choose. Agencies in Minneapolis are classified as either independent agents or exclusive agents depending on their employer.
Exclusive Insurance Agents
Agents of this type can only place business with one company such as AAA, Allstate, State Farm, or Farmers Insurance. These agents are unable to place coverage with different providers so it’s a take it or leave it situation. Exclusive agents are well schooled on sales techniques which helps offset the inability to provide other markets.
Below is a list of exclusive agents in Minneapolis that are able to give comparison quotes.
These type of agents are not employed by one company and that is an advantage because they can write policies through lots of different companies and get you the best rates possible. If your premiums go up, your agent can just switch to a different company which requires no work on your part.
When comparison shopping, you definitely need to get quotes from independent agents to have the best price comparison.
The following is a short list of independent insurance agencies in Minneapolis willing to provide comparison quotes.
2736 Lyndale Ave S – Minneapolis, MN 55408 – (612) 872-4004 – View Map
Buying the right Volvo XC90 insurance in Minnesota is an important decision
Even though it’s not necessarily cheap to insure a Volvo in Minneapolis, insurance is required in Minnesota but also provides important benefits.
First, most states have minimum mandated liability insurance limits which means state laws require a specific level of liability insurance coverage in order to drive the car. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your Volvo XC90 has a lienholder, almost every bank will make it mandatory that you have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the bank may insure your Volvo at an extremely high rate and require you to reimburse them for the expensive policy.
Third, car insurance protects your car and your assets. It also can pay for medical transport and hospital expenses for not only you but also any passengers injured in an accident. Liability insurance also covers legal expenses if you are sued as the result of your driving. If your car is damaged in a storm or accident, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of having car insurance definitely exceed the cost, particularly if you ever have a claim. An average driver in America is wasting up to $750 every year so you should quote and compare rates every year to make sure the price is not too high.
Car insurance coverages for a Volvo XC90
Understanding the coverages of a insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Insurance terms can be difficult to understand and nobody wants to actually read their policy. Shown next are typical coverages offered by insurance companies.
Liability auto insurance – This provides protection from damages or injuries you inflict on people or other property in an accident. This insurance protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 30/60/10 which means a limit of $30,000 per injured person, a per accident bodily injury limit of $60,000, and property damage coverage for $10,000.
Liability coverage pays for things like medical expenses, repair bills for other people’s vehicles, loss of income, legal defense fees and structural damage. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford. Minnesota state minimum liability requirements are 30/60/10 but you should think about purchasing higher limits.
The illustration below shows why minimum state limits may not provide you with enough coverage.
UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and damage to your Volvo XC90.
Since many Minnesota drivers only carry the minimum required liability limits (30/60/10 in Minnesota), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.
Comprehensive or Other Than Collision – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.
Comprehensive insurance covers claims such as hail damage, damage from a tornado or hurricane, theft, falling objects and rock chips in glass. The most you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Collision coverage – Collision coverage covers damage to your XC90 resulting from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision insurance covers claims such as backing into a parked car, rolling your car, colliding with a tree, sideswiping another vehicle and crashing into a ditch. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible on your XC90 to get cheaper collision coverage.
Medical costs insurance – Coverage for medical payments and/or PIP pay for bills like surgery, rehabilitation expenses and nursing services. They are used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. It covers all vehicle occupants and will also cover any family member struck as a pedestrian. PIP is not universally available but can be used in place of medical payments coverage
Persistent drivers can save
Throughout this article, we presented many ways to save on Volvo XC90 insurance in Minneapolis. The key concept to understand is the more companies you get car insurance rates for, the better likelihood of getting affordable Volvo XC90 insurance quotes. You may even discover the best price on auto insurance is with a small mutual company. Some small companies may cover specific market segments cheaper as compared to the big name companies such as State Farm or Progressive.
Low-cost Volvo XC90 insurance in Minneapolis can be bought from both online companies in addition to local insurance agencies, and you should be comparing both to have the best selection. Some insurance providers don’t offer rate quotes online and most of the time these regional carriers prefer to sell through independent agencies.
More detailed auto insurance information can be found by following these links:
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- Insuring a Leased Car (Insurance Information Institute)
- What are my Rights when Filing a Claim? (Insurance Information Institute)
- Distracted Driving Statistics (Insurance Information Institute)
- Cellphones, Texting and Driving (iihs.org)