Cheapest Quotes for Volvo XC60 Insurance in Honolulu

If you want to save the most money, the best way to find affordable Volvo XC60 insurance is to start comparing prices regularly from providers in Honolulu. Rate comparisons can be done by completing these steps.

First, get a basic knowledge of policy coverages and the modifications you can make to keep rates down. Many risk factors that are responsible for high rates like accidents, traffic tickets, and an unacceptable credit rating can be improved by making minor changes to your lifestyle. Keep reading for more details to help reduce prices and earn a bigger discount.

Second, request price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from one company like Progressive and State Farm, while agents who are independent can provide price quotes for a wide range of insurance providers.

Third, compare the new rate quotes to your existing coverage to see if a cheaper price is available. If you can save money, make sure there is no coverage gap between policies.

An important part of this process is to try to use the same amount of coverage on each quote request and and to get rate quotes from as many auto insurance providers as possible. Doing this guarantees a fair price comparison and the best rate selection.

Statistics show that the vast majority of drivers have stayed with the same insurance company for at least the last four years, and approximately 40% of consumers have never shopped around. Honolulu drivers could save themselves approximately $400 a year just by getting comparison quotes, but they don’t believe the large savings they would see if they switched to a more affordable policy.

Choosing the best rates in Honolulu is really quite simple as long as you have a good starting point. If you currently have a car insurance policy, you will definitely be able to shop for the lowest rates using these methods. Nevertheless, Hawaii vehicle owners must know the methods companies use to calculate their prices and use this information to your advantage.

The are a couple different ways of comparing rates from different companies. The recommended way to find affordable Volvo XC60 insurance rates is to perform an online rate comparison.

Doing price comparisons online is so simple that it takes the place of having to go to different Honolulu agent offices. Quoting Volvo XC60 insurance online eliminates this option unless you have a need for the professional assistance that can only be provided by a licensed insurance agent. Although you can get prices online but have a local agent actually write the policy.

When price shopping your coverage, getting more free quotes will increase your chances of finding a lower rate than you’re paying now. Some smaller insurers do not give Honolulu XC60 insurance quotes online, so you also need to get price estimates on coverage from those companies, too.

The following companies can provide quotes in Honolulu, HI. If multiple companies are shown, it’s a good idea that you get prices from several of them to get the lowest price.

Honolulu car insurance discounts

Car insurance can cost a lot, but there may be some discounts that could drop your premiums quite a bit. Certain credits will be shown at the time of quoting, but lesser-known reductions have to be inquired about prior to receiving the credit.

• Distant College Student Discount – Youth drivers who are enrolled in higher education away from home and do not have a car could qualify for this discount.
• New Vehicle Savings – Buying a new car model can get you a discount because newer vehicles have to meet stringent safety requirements.
• Telematics Devices – Insureds that choose to allow data collection to spy on driving manner through the use of a telematics system such as Snapshot from Progressive or Drivewise from Allstate could save a few bucks if they have good driving habits.
• Active Military Service – Having an actively deployed family member may qualify for rate reductions.
• No Charge for an Accident – Not necessarily a discount, but some insurance companies permit an accident without raising rates if your claims history is clear prior to being involved in the accident.
• No Claim Discounts – Drivers who don’t have accidents get the best car insurance rates as compared to drivers who are more careless.
• Driver Education Discount – It’s a good idea to have your young drivers successfully complete driver’s ed class if it’s offered in school.
• Discount for Home Ownership – Being a homeowner can help you save on car insurance since home ownership is proof of financial responsibility.
• Theft Prevention System – Vehicles with anti-theft systems can help prevent theft and will qualify for a discount on a Honolulu car insurance quote.
• Senior Citizen Rates – If you’re over the age of 55, you are able to get better car insurance rates.

It’s important to note that many deductions do not apply to the entire policy premium. Most cut the price of certain insurance coverages like collision or personal injury protection. So when the math indicates having all the discounts means you get insurance for free, companies don’t profit that way.

The example below shows the difference between Volvo XC60 car insurance costs with and without discounts applied. The rates are based on a male driver, no violations or accidents, Hawaii state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-policy, multi-car, marriage, and safe-driver discounts applied.

For a list of insurers that offer many of these discounts in Hawaii, click here.

Volvo XC60 coverage statistics

The rate table below outlines estimates of coverage costs for Volvo XC60 models. Being able to understand how insurance quotes are calculated can help guide drivers when making informed decisions when comparing rate quotes.

Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Premium amounts do not factor in zip code location which can lower or raise coverage rates considerably.

Rate comparison for different deductibles

One of the hardest decisions when shopping for insurance is the level to set your comp and collision deductibles. The premium rates below may aid in understanding the rate fluctuation when you buy lower versus higher coverage deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second rate table uses a $500 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Rate information does not factor in specific Honolulu garaging location which can alter insurance rates significantly.

Based on the data above, we can derive that using a $100 deductible would cost the average driver about $20 more each month or $240 a year across all Volvo XC60 models than quoting the higher $500 deductible. Because you would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to have at a minimum 20 months between claims, you would more than likely save some money by selecting a higher deductible.

Male drivers versus female drivers

The illustration below compares Volvo XC60 insurance prices for male and female drivers. Data assumes a clean driving record, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, marital status is single, and no other discounts are factored in.

Cost of full coverage in Honolulu

The chart below illustrates the difference between Volvo XC60 insurance costs with liability coverage only compared to full coverage. The costs are based on no accidents or driving violations, $100 deductibles, single marital status, and no additional discounts are factored in.

Should you pay for full coverage or liability only?

There isn’t a steadfast formula to stop buying physical damage insurance, but there is a general guideline. If the annual cost of coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s assume your Volvo XC60 book value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company will settle for is $3,000 after the deductible is paid. If you are paying more than $300 annually for full coverage, the it may be a good time to stop paying for full coverage.

There are some situations where dropping full coverage is not a good plan. If you still owe a portion of the original loan, you are required to maintain full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

Find More Affordable Insurance with These Tips

Many things are used in the calculation when quoting car insurance. Some of the criteria are obvious like your driving record, although others are more transparent such as whether you are married or how safe your car is.

The items below are some of the items used by companies to determine your rates.

• Insurance companies don’t like frequent policy claims – If you are a frequent claim filer, you can pretty much guarantee higher rates. Companies in Hawaii award cheaper rates to people who do not rely on their insurance for small claims. Your insurance policy is meant to be used in the event of major claims that would cause financial hardship.

• Good drivers pay less – Your driving citation history has a huge affect on how much you pay. Good drivers pay lower auto insurance prices as compared to those with violations. Even a single citation can bump up the cost by as much as thirty percent. People who have flagrant citations such as DUI, reckless driving or excessive speeding may be required to prove financial responsibility with their state’s licensing department in order to drive a vehicle legally.

  The illustration below demonstrates how traffic citations and at-fault fender-benders can raise Volvo XC60 auto insurance costs for each age group. The prices are based on a single female driver, full physical damage coverage, $500 deductibles, and no discounts are applied.

• High credit equals lower premiums – Your credit score can be an important factor in calculating your premium rate. Insureds that have very good credit scores tend to file fewer claims as compared to drivers with poor credit scores. If your credit history is lower than you’d like, you could save money insuring your Volvo XC60 by improving your rating.
• Your location is important – Choosing to live in a rural area may provide you with better prices when trying to find low car insurance rates. Urban drivers have traffic congestion and longer commutes to work. Less people means less chance of accidents.
• Low deductibles can be expensive – Deductibles for physical damage define how much you are required to pay if a covered claim is submitted. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Some examples of covered claims could be collision with another vehicle, fire damage, or theft of your vehicle. The more damage repair cost you are required to pay out-of-pocket, the less your company will charge you for insurance.

• Fast cars cost more to insure – The type of car you need insurance for makes a significant difference in your auto insurance rates. The lowest performance passenger models usually are quite affordable to insure, but many other things help determine your insurance rates.

  The following chart uses these assumptions: married male driver age 50, full coverage with $1000 deductibles, and no discounts or violations. The data compares Volvo XC60 car insurance rates compared to other models that have a range of performance rating factors.

• Volvo XC60 claim probability – Car insurance companies include the past claim trends for vehicles as a way to help calculate a profitable premium price. Vehicles that the data shows to have higher loss trends will cost more for specific coverages. The next table shows the collected loss data for Volvo XC60 vehicles.

  For each coverage category, the claim amount for all vehicles combined as an average equals 100. Values under 100 represent a good loss history, while values that are 100 or greater indicate frequent claims or statistically larger claims.

  
  

  Volvo XC60 Insurance Loss Statistics

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Volvo XC60 4dr 2WD	79	74	70	60	53	55
  Volvo XC60 4dr 4WD	93	82	75	66	64	57

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years

Local insurance agents

Many drivers still like to sit down and talk to an agent and that can be a smart move One of the best bonuses of comparing rate quotes online is that drivers can save money and get cheaper premium rates and still have a local agent.

Upon completion of this short form, the coverage information is immediately sent to insurance agents in Honolulu who will gladly provide quotes for your insurance coverage. You don’t have to leave your computer because quoted prices will be sent to you instantly. Get lower rates without having to waste a lot of time. If you want to get a price quote for a specific company, don’t hesitate to find their quoting web page to submit a rate quote request.

Finding the right insurance company should depend on more than just a cheap price quote. Get answers to these questions too.

• Do they have 24-hour customer assistance?
• Do they assist clients in filing claims?
• Which companies can they place coverage with?
• Which company do they place the most coverage with?
• Where would glass claims be handled in Honolulu?
• Will they make sure you get an adequate claim settlement?

If you are wanting to purchase insurance from a local insurance agency, it’s helpful to know the different agency structures that you can choose from. Insurance agents in Honolulu are categorized either exclusive or independent agents depending on their company appointments.

Exclusive Insurance Agencies

Agents in the exclusive channel can only place business with one company and examples are Allstate, Farmers Insurance or State Farm. Exclusive agents cannot provide prices from multiple companies so they are skilled at selling on more than just price. Exclusive agents are very knowledgeable on their products and sales techniques which helps them sell on service rather than price.

Listed below is a short list of exclusive agents in Honolulu who can help you get price quote information.

View more agents

Independent Insurance Agents

These type of agents can sell policies from many different companies and that allows them to write policies with lots of companies and find the cheapest insurance rates. If you are not satisfied with one company, they simply move your policy to a different company and you won’t have to switch agencies.

If you need cheaper insurance rates, we recommend you compare quotes from independent agents to ensure the widest selection of prices.

Shown below is a short list of independent agencies in Honolulu willing to provide price quotes.

View more agents

When do I need an agent’s advice?

When it comes to buying adequate coverage for your vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is unique and your insurance should be unique as well.
These are some specific questions may help highlight if you could use an agent’s help.

• What does roadside assistance cover?
• Am I covered when using my vehicle for business?
• What should my uninsured motorist coverage limits be in Hawaii?
• When should my teen driver be added to my policy?
• Does my insurance cover a custom paint job?
• When can my company non-renew my policy?
• Is my trailer covered?
• I don’t drive much so do I pay less?
• Are rock chip repairs covered?
• Is there coverage for my trailer?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.

Quote often and quote early

You just learned a lot of tips how to compare Volvo XC60 insurance prices in Honolulu. The key thing to remember is the more companies you get rates for, the higher your chance of finding cheaper Honolulu car insurance quotes. Drivers may even discover the best prices are with a company that doesn’t do a lot of advertising. Regional companies can often insure niche markets at a lower cost than the large multi-state companies such as State Farm, GEICO and Nationwide.

Some insurance companies may not provide rate quotes online and these smaller companies sell through local independent agents. Cheaper Volvo XC60 insurance in Honolulu is attainable both online in addition to many Honolulu insurance agents, so you need to compare both to have the best rate selection.

Additional information can be read below:

• Car Insurance: When not to Skimp (BankRate.com)
• Who Has Cheap Honolulu Car Insurance for Teachers? (FAQ)
• Who Has Cheap Honolulu Auto Insurance Quotes for Electric Cars? (FAQ)
• Who Has Affordable Car Insurance Quotes for Drivers Under 25 in Honolulu? (FAQ)
• How Much are Auto Insurance Rates for Teenage Females in Honolulu? (FAQ)
• Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
• Auto Insurance for Teen Drivers (Insurance Information Institute)