It’s hard to fathom, but almost 70% of insureds have bought car insurance from the same company for four years or more, and approximately 38% of consumers have never shopped around. With the average car insurance premium being $2,158, Florida drivers could save an average of as much as $1,126 each year by just comparing rate quotes, but they just feel it’s too hard to find affordable rates by getting comparison quotes.
If your goal is the lowest price, then the best way to find cheaper quotes for Volvo XC70 insurance in Tampa is to make a habit of regularly comparing prices from insurance carriers that insure vehicles in Florida.
- First, take a few minutes and learn about how your policy works and the steps you can take to drop your rates. Many risk factors that drive up the price such as careless driving and a less-than-favorable credit score can be eliminated by making lifestyle changes or driving safer.
- Second, get rate quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO and Allstate, while independent agents can quote rates for a wide range of insurance providers.
- Third, compare the quotes to your current policy to see if you can save by switching companies. If you can save money and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.
A good piece of advice is to make sure you’re comparing similar limits and deductibles on every quote and and to get price estimates from every insurance company. Doing this enables a fair price comparison and a complete price analysis.
How Your XC70 Insurance Rates are Determined
Many things are considered when pricing auto insurance. Some are pretty understandable like a motor vehicle report, but others are more transparent like your vehicle usage or your commute time.
The factors shown below are a few of the “ingredients” used by your company to calculate rates.
Prevent your car from being stolen – Choosing a vehicle with a theft deterrent system can save you some money. Systems that thwart thieves like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all hinder your car from being stolen.
Lower rates come with age – Inexperience drivers have a tendency to be inattentive when driving and because of this, their insurance rates are much higher. Having to add a youthful driver to your policy can break the bank. More mature drivers have been proven to be more responsible, tend to file fewer claims, and usually have better credit.
The next chart is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.
Are men or women drivers cheaper? – Over the last 50 years, statistics have shown that females tend to be a little less risky than males. However, don’t assume that females are better at driving than males. Women and men tend to get into accidents at about the same rate, but guys have costlier accidents. Men also statistically receive more major tickets such as DWI and reckless driving. Young men ages 16 to 20 generally have the highest accident percentage and therefore pay the highest rates.
The example below illustrates the difference between Volvo XC70 premium costs for male and female drivers. The price estimates are based on no tickets, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, drivers are not married, and no discounts are applied to the premium.
Lower premiums for being claim-free – If you tend to file frequent claims, you shouldn’t be surprised to get increased rates or even have your policy non-renewed. Car insurance companies in Florida generally give most affordable rates to drivers who file claims infrequently. Insurance coverage is intended to be relied upon for claims that you cannot pay yourself.
Insurance losses for a Volvo XC70 – Car insurance companies use past insurance losses when setting premium costs. Models that are shown to have higher claim frequency or loss amount will have a higher premium rate.
The table below demonstrates the historical insurance loss data for Volvo XC70 vehicles. For each coverage type, the claim amount for all vehicles averaged together is equal to 100. Values that are below 100 suggest a better than average loss history, while percentages above 100 indicate a higher chance of having a claim or tendency to have larger claims.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Volvo XC70 Station Wagon 2WD | 69 | |||||
| Volvo XC70 Station Wagon 4WD | 79 | 70 | 94 | 45 |
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Rates and data analysis
The rate table shown next showcases estimates of insurance policy prices for Volvo XC70 models. Being able to understand how policy rates are formulated can be useful when making decisions when shopping your coverage around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC70 3.2 AWD Station Wagon | $442 | $878 | $570 | $34 | $170 | $2,094 | $175 |
| XC70 T6 AWD 4-Dr | $442 | $1012 | $570 | $34 | $170 | $2,228 | $186 |
| Get Your Own Custom Quote Go | |||||||
Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Premium costs do not factor in your specific Tampa location which can lower or raise rates considerably.
Higher deductibles lower rates
When buying car insurance, a common question is where should you set your physical damage deductibles. The following tables can help illustrate the premium difference when you select higher and lower physical damage deductibles. The first rate comparisons uses a $100 deductible for comp and collision and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC70 3.2 AWD Station Wagon | $452 | $764 | $472 | $28 | $142 | $1,883 | $157 |
| XC70 T6 AWD 4-Dr | $452 | $880 | $472 | $28 | $142 | $1,999 | $167 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC70 3.2 AWD Station Wagon | $330 | $516 | $472 | $28 | $142 | $1,488 | $124 |
| XC70 T6 AWD 4-Dr | $330 | $594 | $472 | $28 | $142 | $1,566 | $131 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Rate quotes do not factor in vehicle location which can alter auto insurance rates substantially.
We can estimate from the data above that using a $100 deductible costs about $34 more each month or $408 annually across all Volvo XC70 models than requesting the higher $500 deductible. Since the policyholder would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you have at least 12 months between claims, you would save money by going with a higher deductible.
How to decide to raise your deductibles
| Average monthly premium for $100 deductibles: | $162 |
| Average monthly premium for $500 deductibles (subtract): | – $128 |
| Monthly savings from raising deductible: | $34 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $34 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 12 months |
The diagram below illustrates how choosing a deductible and can affect Volvo XC70 insurance rates for each different age group. The prices are based on a married male driver, full physical damage coverage, and no discounts are factored in.
Get affordable Volvo XC70 insurance in Tampa with discounts
Some insurance providers do not advertise the complete list of policy discounts in an easy-to-find place, so we took the time to find both the well known as well as the least known credits available to you.
- Mature Driver Discount – Drivers over the age of 55 may be able to get lower premium rates.
- E-sign – Some of the larger companies provide a small discount for buying your policy on your computer.
- Air Bag Discount – Cars that have air bags or motorized seat belts can receive discounts of 25 to 30%.
- Accident-Free Discounts – Insureds who avoid accidents and claims can earn big discounts when compared with policyholders that have many claims.
- Employee of Federal Government – Having worked for a branch of the government could cut as much as 10% off with some car insurance companies.
- Defensive Driver – Taking part in a course in defensive driving may get you a small discount and easily pay for the cost of the class.
- Service Members Pay Less – Being deployed in the military could mean lower prices.
As a disclaimer on discounts, most of the big mark downs will not be given to the entire policy premium. Most only apply to the cost of specific coverages such as liability and collision coverage. Despite the appearance that adding up those discounts means a free policy, nobody gets a free ride. Any qualifying discounts will lower your overall bill.
The chart below shows the difference between Volvo XC70 insurance prices with and without discounts applied to the premium. The data assumes a female driver, no violations or claims, Florida state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, homeowner, claim-free, multi-car, and safe-driver discounts applied.
If you would like to choose from a list of car insurance companies that provide some of the discounts listed above in Florida, click here.
Best auto insurance company in Tampa
Ending up with the highest-rated insurance provider can be rather challenging considering how many companies there are in Tampa. The rank data in the lists below may help you analyze which auto insurers to look at comparing rate quotes with.
Top 10 Tampa Car Insurance Companies Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
Top 10 Tampa Car Insurance Companies Overall
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
The lowest rates come from being thorough
We’ve covered a lot of tips how to reduce Volvo XC70 insurance car insurance rates online in Tampa. The most important thing to understand is the more companies you get premium rates for, the more likely it is that you will get a better rate. Consumers could even find that the best price on auto insurance is with a small mutual company. Regional companies may often insure only within specific states and give better rates than the large multi-state companies such as Progressive and GEICO.
While you’re price shopping online, never buy less coverage just to save a little money. There have been many cases where drivers have reduced comprehensive coverage or liability limits to discover at claim time that saving that couple of dollars actually costed them tens of thousands. Your objective should be to get the best coverage possible for the lowest price.
Some companies may not have rates over the internet and many times these regional carriers sell through local independent agencies. Cost effective Volvo XC70 insurance is attainable from both online companies in addition to local insurance agencies, so you should compare both to have the best chance of lowering rates.
Additional auto insurance information is available at the links below
- Safety Features for Your New Car (State Farm)
- Who Has Affordable Car Insurance Rates for a 20 Year Old Male in Tampa? (FAQ)
- Who Has Cheap Tampa Auto Insurance for a Toyota Tacoma? (FAQ)
- Who Has Cheap Tampa Car Insurance for Electric Cars? (FAQ)
- Who Has Cheap Tampa Car Insurance Quotes for a Hyundai Elantra? (FAQ)
- Who Has Cheap Tampa Auto Insurance for Retired Military? (FAQ)
- How Much are Tampa Auto Insurance Rates for a GMC Sierra? (FAQ)
- Reducing Your Risks in a Car Crash Video (iihs.org)
- What Does No-Fault Insurance Cover? (Allstate)
- Teen Driving Statistics (GEICO)