It’s shocking but nearly 70% of consumers have bought insurance from the same company for over three years, and approximately 38% of consumers have never shopped around. American insurance shoppers can cut their rates by nearly $860 a year just by shopping around, but they underestimate the big savings they would realize if they replace their high priced policy.
The most effective way to find discount auto insurance rates is to start doing a yearly price comparison from insurance carriers who provide auto insurance in Louisville. Rate comparisons can be done by following these guidelines.
- First, it will benefit you to learn about coverages and the modifications you can make to prevent high rates. Many policy risk factors that cause high rates such as your driving record and a not-so-good credit history can be remedied by making small lifestyle or driving habit changes. Continue reading for additional tips to help reduce prices and find available discounts that you may qualify for.
- Second, compare prices from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from a single company like GEICO and State Farm, while independent agents can provide price quotes from multiple companies.
- Third, compare the new rate quotes to the price on your current policy and see if you can save money. If you find better rates and make a switch, make sure there is no lapse in coverage.
One important bit of advice is to try to compare the same level of coverage on each price quote and and to get quotes from as many companies as possible. Doing this guarantees a fair price comparison and the best price selection.
Affordable companies for Volvo XC90 insurance
The companies shown below are our best choices to provide quotes in Kentucky. If you wish to find the best cheap car insurance in Louisville, KY, we suggest you visit two to three different companies to find the lowest auto insurance rates.
Analysis of Volvo XC90 rates
The coverage table shown below covers different prices for Volvo XC90 models. Having a good understanding how insurance policy rates are figured can help you make smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC90 3.2 2WD | $260 | $460 | $336 | $20 | $100 | $1,176 | $98 |
| XC90 3.2 R-Design 2WD | $260 | $460 | $336 | $20 | $100 | $1,176 | $98 |
| XC90 3.2 AWD | $288 | $530 | $336 | $20 | $100 | $1,274 | $106 |
| XC90 V8 AWD | $288 | $530 | $336 | $20 | $100 | $1,274 | $106 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Premium amounts do not factor in specific Louisville garaging location which can impact coverage prices greatly.
How high should deductibles be?
One frequently asked question is how low should you set your deductibles. The following tables help summarize the premium difference when you select higher and lower comp and collision deductibles. The first data set uses a $100 deductible for physical damage and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC90 3.2 2WD | $318 | $598 | $326 | $20 | $98 | $1,385 | $115 |
| XC90 3.2 R-Design 2WD | $318 | $598 | $326 | $20 | $98 | $1,385 | $115 |
| XC90 3.2 AWD | $354 | $688 | $326 | $20 | $98 | $1,511 | $126 |
| XC90 V8 AWD | $354 | $688 | $326 | $20 | $98 | $1,511 | $126 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC90 3.2 2WD | $232 | $404 | $326 | $20 | $98 | $1,080 | $90 |
| XC90 3.2 R-Design 2WD | $232 | $404 | $326 | $20 | $98 | $1,080 | $90 |
| XC90 3.2 AWD | $258 | $466 | $326 | $20 | $98 | $1,168 | $97 |
| XC90 V8 AWD | $258 | $466 | $326 | $20 | $98 | $1,168 | $97 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Premium amounts do not factor in specific zip code location which can lower or raise insurance rates noticeably.
Based on this data, we can arrive at the conclusion that using a $100 deductible costs an average of $27 more each month or $324 for a full year than choosing the higher $500 deductible. Due to the fact that you would have to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to average more than 15 months between claims, you would probably come out ahead if you choose a higher deductible.
The example below demonstrates how choosing different deductibles and can affect Volvo XC90 annual premium costs for each different age group. The information is based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
How careless driving impacts Louisville insurance rates
The diagram below shows how traffic citations and at-fault fender-benders can raise Volvo XC90 auto insurance rates for each age group. The information is based on a single male driver, full coverage, $1,000 deductibles, and no other discounts are factored in.
Cost of full coverage in Louisville
The example below shows the difference between Volvo XC90 car insurance costs when comparing full coverage to liability only. The data assumes no violations or accidents, $1,000 deductibles, single status, and no discounts are applied.
Are you wasting money paying for full coverage?
There isn’t a steadfast formula of when to stop paying for physical damage insurance, but there is a general school of thought. If the yearly cost of full coverage is more than about 10% of replacement cost minus your deductible, then it might be time to buy liability only.
For example, let’s say your Volvo XC90 replacement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $4,000 after paying your policy deductible. If it’s costing in excess of $400 a year to have full coverage, the it may be a good time to stop paying for full coverage.
There are some scenarios where removing full coverage is not recommended. If you have an outstanding loan on your vehicle, you have to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not buy liability only.
You may qualify for discounts for Volvo XC90 insurance in Louisville
Insurance is expensive, but you might already qualify for some discounts that you may not even be aware of. A few discounts will automatically apply when you purchase, but lesser-known reductions have to be specially asked for before they will apply.
- Government Employee Discount – Employees or retirees of the government can earn a discount up to 10% with some insurance companies.
- Early Renewal Discounts – A few larger companies allow discounts for buying a new policy before your current XC90 insurance policy expires. It could save around 10% when you buy Louisville auto insurance online.
- Air Bag Discount – Factory air bags or automatic seat belts may qualify for discounts of 20% or more.
- Data Collection Discounts – Policyholders that allow their insurance company to monitor driving patterns by using a telematic data system like Drivewise from Allstate or In-Drive from State Farm could see a rate decrease if they are good drivers.
- Student Discounts – Maintaining excellent grades can earn a discount of 20% or more. This discount can apply up until you turn 25.
- 55 and Retired – If you’re over the age of 55, you may qualify for a discount up to 10%.
- Discount for Multiple Policies – When you have multiple policies and insure them both with the same insurance company you could earn a discount of at least 10 to 15 percent or more.
- Club Memberships – Joining qualifying employment or professional organizations is a simple method to lower premiums when getting a Louisville auto insurance quote.
- Auto/Life Discount – If the company offers life insurance, you could get better rates if you take out life insurance.
One last thing about discounts, some of the credits will not apply to the overall cost of the policy. Some only apply to individual premiums such as comp or med pay. So even though they make it sound like it’s possible to get free car insurance, insurance companies wouldn’t stay in business.
The chart below shows the comparison of Volvo XC90 yearly insurance costs with and without discounts. Data assumes a female driver, no claims, a clean driving record, Kentucky 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 marriage, homeowner, claim-free, multi-car, multi-policy, and safe-driver discounts applied.
A few companies that may offer quotes with most of the discounts above may include but are not limited to:
When getting free Louisville auto insurance quotes, it’s a good idea to each company how many discounts you can get. A few discounts may not be offered in Louisville. For a list of insurance companies with the best Volvo XC90 insurance discounts in Kentucky, click here to view.
Exclusive or independent insurance agencies
Certain consumers still prefer to talk to an insurance agent and often times that is recommended Professional agents can point out coverage gaps and help you file claims. The best thing about comparing insurance prices online is that you can find cheap insurance quotes and still have an agent to talk to.
For easy comparison, once you complete this simple form, your insurance coverage information is immediately sent to participating agents in Louisville who will give you bids for your business. You don’t have to visit any agencies due to the fact that quote results will go immediately to you. If you wish to compare prices from a specific company, just search and find their rate quote page and submit a quote form there.
Deciding on an company requires you to look at more than just a cheap quote. These are valid questions to ask:
- Will a damage claim use OEM or aftermarket replacement parts?
- If you are a high risk driver, do they have special markets for your coverage?
- Is working in the agency their full-time job?
- What are their preferred companies if they are an independent agency?
- Are they giving you every discount you deserve?
- How is replacement cost determined on your vehicle?
- How many years have they been established?
Listed below are agents in Louisville that are able to give rate quotes for Volvo XC90 insurance in Louisville.
- Sam Wheeler – State Farm Insurance Agent
2902 Bardstown Rd – Louisville, KY 40205 – (502) 459-9700 – View Map - Milt Nugent – State Farm Insurance Agent
1005 Dupont Square N – Louisville, KY 40207 – (502) 897-6426 – View Map - Duane Riley – State Farm Insurance Agent
7707 Bardstown Rd – Louisville, KY 40291 – (502) 231-7850 – View Map - Terryl McCray – State Farm Insurance Agent
1827 W Broadway – Louisville, KY 40203 – (502) 774-3373 – View Map
You are unique and your auto insurance should be too
Always keep in mind that when comparing the best auto insurance coverage, there really is no cookie cutter policy. Your needs are unique to you.
For instance, these questions might help in determining whether you might need an agent’s assistance.
- Do I need roadside assistance coverage?
- Does liability extend to a camper or trailer?
- What is the ISO rating for a Volvo XC90?
- What if a claim settlement is too low?
- Is a driver training discount available?
- Do I need to file an SR-22 for a DUI in Kentucky?
- I have health insurance so do I need medical payments coverage?
- How can I find cheaper teen driver insurance?
If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an agent. If you want to speak to an agent in your area, take a second and complete this form. It is quick, free and you can get the answers you need.
Insurance coverage basics
Having a good grasp of insurance helps when choosing the right coverages and the correct deductibles and limits. Policy terminology can be confusing and nobody wants to actually read their policy.
Med pay and Personal Injury Protection (PIP)
Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like ambulance fees, EMT expenses, chiropractic care and funeral costs. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay
Auto liability
This can cover damage that occurs to a person or their property in an accident. It protects you from claims by other people. It does not 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. Your policy might show liability limits of 25/50/10 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $10,000 of coverage for damaged property.
Liability can pay for things like emergency aid, loss of income, court costs and funeral expenses. How much coverage you buy is a personal decision, but you should buy as high a limit as you can afford. Kentucky requires minimum liability limits of 25/50/10 but you should think about purchasing higher limits.
The chart below shows why buying minimum limits may not be adequate coverage.
Uninsured/Underinsured Motorist (UM/UIM)
Uninsured or Underinsured Motorist coverage gives you protection when other motorists either have no liability insurance or not enough. It can pay for injuries to you and your family and damage to your Volvo XC90.
Because many people only purchase the least amount of liability that is required (25/50/10), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.
Comprehensive insurance
Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims like damage from flooding, damage from a tornado or hurricane and theft. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Collision coverage protection
This coverage covers damage to your XC90 resulting from a collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for things like backing into a parked car, crashing into a ditch and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Another option is to raise the deductible on your XC90 to get cheaper collision coverage.
Affordable rates are available
Insureds who switch companies do it for any number of reasons including delays in paying claims, delays in responding to claim requests, questionable increases in premium and lack of trust in their agent. Regardless of your reason, finding a new auto insurance company can be easy and end up saving you some money.
Budget-conscious Volvo XC90 insurance can be bought on the web and with local Louisville insurance agents, so you need to quote Louisville auto insurance with both to get a complete price analysis. Some companies do not offer online rate quotes and most of the time these regional carriers work with local independent agencies.
You just learned many tips how you can lower your Volvo XC90 insurance prices in Louisville. The key concept to understand is the more quotes you get, the better chance you’ll have of finding affordable Louisville auto insurance quotes. Consumers could even find that the best prices are with a small mutual company.
Much more information about auto insurance in Kentucky is available at the links below
- Event Data Recorders FAQ (iihs.org)
- Who Has the Cheapest Auto Insurance for a Ford Explorer in Louisville? (FAQ)
- Who Has Affordable Louisville Auto Insurance Quotes for College Students? (FAQ)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
- Booster Seat Ratings (iihs.org)