Volvo S40 Insurance Rates in Long Beach

Insurance for Volvo S40Really, the only way to get low-cost auto insurance rates is to do an annual price comparison from insurers that insure vehicles in Long Beach.

The key aspect of shopping around is to try to use similar deductibles and liability limits on every quote and and to compare as many different companies as possible. Doing this helps ensure an apples-to-apples comparison and a complete rate analysis.

Unimaginable but true, nearly 70% of drivers have purchased from the same company for more than four years, and 38% of drivers have never shopped around. With the average premium in California being $1,387, drivers could cut their rates by approximately 35% a year by just comparing rate quotes, but they won’t spend time to compare rates.

You may qualify for discounts for Volvo S40 insurance in Long Beach

Some providers do not list every possible discount very well, so the list below gives a summary of both the well known and the harder-to-find credits that you can use to lower your rates.

It’s important to note that many deductions do not apply to the entire policy premium. Most only cut the cost of specific coverages such as liability and collision coverage. Even though it appears having all the discounts means you get insurance for free, it just doesn’t work that way.

The illustration below compares Volvo S40 auto insurance costs with and without discounts applied to the policy rates. The prices are based on a male driver, no accidents or driving violations, California state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-policy, claim-free, multi-car, and homeowner discounts applied.

The best car insurance companies and a selection of discounts are included below.

It’s a good idea to ask all companies you are considering which discounts you qualify for. Some discounts listed above might not be offered on policies in Long Beach. To view companies that offer the discounts shown above in California, click here.

The quickest method we recommend to compare insurance rates in your area is to know the trick car insurance companies participate in a system to quote your coverage. All consumers are required to do is give them some information including marital status, if you require a SR-22, if you went to college, and level of coverage desired. That information is then sent to multiple top-rated companies and you receive quotes with very little delay.

To get price quotes for your car now, click here and complete the form.

The providers in the list below are ready to provide comparison quotes in California. To locate cheap car insurance in Long Beach, it’s highly recommended you compare several of them to get the most affordable price.

Insurance coverage details

The data table displayed next covers detailed analysis of coverage prices for Volvo S40 models. Having a good grasp of how car insurance premiums are established can be of help when making decisions when shopping your coverage around.

Volvo S40 Insurance Rates in Long Beach, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S40 2.4I $490 $810 $578 $34 $174 $2,086 $174
S40 T5 $490 $810 $578 $34 $174 $2,086 $174
S40 T5 AWD R-Design $490 $810 $578 $34 $174 $2,086 $174
Get Your Own Custom Quote Go

Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Table data does not factor in specific zip code location which can influence premiums significantly.

Auto insurance deductibles

When comparing auto insurance rates, the most common question is how high should the deductibles for physical damage be. The rates shown below highlight the difference in cost between high and low policy deductibles. The first set of rates uses a $250 physical damage deductible and the second rate chart uses a $500 deductible.

Volvo S40 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S40 2.4I $386 $678 $442 $26 $132 $1,689 $141
S40 T5 $386 $678 $442 $26 $132 $1,689 $141
S40 T5 AWD R-Design $386 $678 $442 $26 $132 $1,689 $141
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Volvo S40 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S40 2.4I $314 $546 $442 $26 $132 $1,460 $122
S40 T5 $314 $546 $442 $26 $132 $1,460 $122
S40 T5 AWD R-Design $314 $546 $442 $26 $132 $1,460 $122
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Estimates do not factor in your specific Long Beach location which can increase or decrease rates considerably.

Based on these figures, using a $250 deductible will cost you roughly $19 more each month or $228 annually than opting for the higher $500 deductible. Due to the fact that you would have to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you normally average at a minimum 13 months between claims, you would come out ahead by going with a higher deductible. The table below shows how you can perform this determination yourself.

Average monthly premium for $250 deductibles: $141
Average monthly premium for $500 deductibles (subtract): – $122
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

One big caveat is that raising deductibles to save money means you will have to cover more of the damage yourself when you have a comprehensive or collision claim. You need to have enough savings in the event you have to pay the higher deductible.

Cost comparison with and without full coverage

The example below shows the difference between Volvo S40 insurance prices with full coverage and liability only. The data assumes no violations or accidents, $100 deductibles, single status, and no other discounts are factored in.

Should you pay for full coverage or liability only?

There is no definitive rule that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.

For example, let’s assume your Volvo S40 book value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $8,000 after paying your deductible. If you are currently paying more than $800 a year to have full coverage, then you might want to think about dropping full coverage.

There are some situations where removing full coverage is not financially feasible. If you still have a loan on your vehicle, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.

Compare rate quotes but still have a neighborhood Long Beach auto insurance agent

Certain consumers still prefer to get advice from a local agent and that can be a smart move Agents are trained to spot inefficiencies and help in the event of a claim. One of the best bonuses of getting free rate quotes online is that you can obtain better rates but still work with a licensed agent. And buying from neighborhood insurance agencies is important especially in Long Beach.

Find insurance agent in Long BeachAfter completing this quick form, your coverage information is emailed to agents in your area that give free quotes to get your business. You don’t have to find an agent since price quotes are sent immediately to you. If you need to quote rates for a specific company, just jump over to their website and give them your coverage information.

Two types of Long Beach car insurance agents

When looking for a reliable insurance agency, it’s important to understand the different types of agencies and how they function. Agents in Long Beach can be categorized as either independent (non-exclusive) or exclusive. Either can provide car insurance policies, but we need to point out the difference in the companies they write for since it could factor into your selection of an agent.

Independent Car Insurance Agents (or Brokers)

Agents that elect to be independent do not write with just one company so they can insure your vehicles through many companies and find you the best rates. If they find a lower price, the agent simply finds a different carrier and that require little work on your part. If you need cheaper car insurance rates, we highly recommend that you get rate quotes from several independent agencies in order to compare the most rates. Many independent agencies also insure through mutual insurance companies that may have much lower rates than larger companies.

Below is a list of independent insurance agencies in Long Beach who may provide free price quotes.

More insurance agents

Exclusive Agents

Exclusive agencies can usually just insure with one company and examples are Farmers Insurance and State Farm. They are unable to shop your coverage around so if the price isn’t competitive there isn’t much they can do. They receive a lot of sales training on their company’s products which can be an advantage. Some consumers prefer to choose to use an exclusive agent primarily because of the brand name rather than low price.

The following is a list of exclusive agents in Long Beach that can give you comparison quotes.

More insurance agents

Selecting an car insurance agent should include more criteria than just a cheap price quote. Any good agent in Long Beach should know the answers to these questions.

Three main reasons to buy auto insurance

Even though it’s not necessarily cheap to insure a Volvo in Long Beach, buying auto insurance may be required for several reasons.

The benefits of carrying enough insurance are without a doubt worth the cost, especially when you need to use it. But the average driver in California is overpaying more than $800 each year so it’s important to compare rates at every renewal to help ensure money is not being wasted.

Parts of your car insurance policy

Understanding the coverages of your policy helps when choosing appropriate coverage and the correct deductibles and limits. Car insurance terms can be impossible to understand and reading a policy is terribly boring.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Volvo S40.

Since many California drivers only purchase the least amount of liability that is required (15/30/5 in California), their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Liability insurance

Liability coverage protects you from damage or injury you incur to people or other property that is your fault. This coverage protects you from claims by other people. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 15/30/5 which stand for a $15,000 limit per person for injuries, a limit of $30,000 in injury protection per accident, and $5,000 of coverage for damaged property. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability can pay for things such as medical expenses, legal defense fees, structural damage, medical services and attorney fees. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as large an amount as possible. California requires minimum liability limits of 15/30/5 but it’s recommended drivers buy higher limits.

The next chart shows why buying the state minimum limits may not be high enough to adequately cover claims.

Comprehensive car insurance

This covers damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like falling objects, fire damage and damage from getting keyed. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for collisions

This coverage pays for damage to your S40 caused by collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things like driving through your garage door, hitting a parking meter, hitting a mailbox and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to choose a higher deductible on your S40 to save money on collision insurance.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance pay for immediate expenses such as X-ray expenses, hospital visits and surgery. They are often utilized in addition to your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Get the best coverage at the best price

Cheaper Volvo S40 insurance in Long Beach can be found on the web and with local Long Beach insurance agents, so you need to shop Long Beach car insurance with both to have the best selection. Some insurance providers do not provide online rate quotes and many times these small insurance companies work with local independent agents.

We just presented a lot of techniques to find lower-cost Volvo S40 insurance in Long Beach. The key thing to remember is the more price quotes you have, the better your chances of lowering your car insurance rates. Consumers could even find that the best price on auto insurance is with a small mutual company.

Insureds switch companies for a number of reasons such as delays in paying claims, policy non-renewal, lack of trust in their agent and even poor customer service. It doesn’t matter why you want to switch finding a new auto insurance company is actually quite simple.

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