Compare Volvo S80 Insurance Rate Quotes in Newark

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Discount Volvo S80 insuranceAre you doing reasearch to find lower-priced car insurance rates in Newark, NJ? Newark shoppers have lots of choices when shopping for affordable Volvo S80 insurance. You can either waste hours struggling with agents trying to get quotes or save time using the internet to compare rates. There are more efficient ways to buy car insurance and we'll show you the best way to compare rates on a Volvo and locate the cheapest rates from both online companies and Newark agents.

We don't have to tell you that auto insurance companies don't want you to look at other companies. Drivers who shop rates annually are inclined to buy a new policy because there is a high probability of finding lower prices. A recent study showed that people who routinely shopped around saved on average $3,500 over four years compared to other drivers who never shopped around for lower prices.

If finding low prices for insurance in Newark is why you're here, then learning a little about the best way to compare coverages can make the process more efficient.

Buying the cheapest auto insurance in Newark is much easier if you have a good place to start. If you have insurance now, you will surely be able to reduce premiums using the techniques covered below. Comparison shoppers just have to know the quickest way to compare price quotes from many different companies online.

Getting a cheaper price on insurance can be relatively painless. You just have to take the time comparing rate quotes to find out which insurance company has cheaper Newark car insurance quotes.

The following companies can provide price comparisons in Newark, NJ. In order to find cheap auto insurance in Newark, NJ, it's a good idea that you visit as many as you can in order to find the most affordable rates.

Newark insurance discounts for a Volvo S80

Some providers don't necessarily list all possible discounts very clearly, so we researched both well-publicized and the harder-to-find credits that you can use to lower your rates.Discount insurance

  • Policy Bundle Discount - If you can bundle your auto and home insurance with the same company you could get a discount of at least 10% off all policies.
  • Paper-free Discount - Some insurance companies will discount your bill up to fifty bucks for completing your application online.
  • Distant College Student Discount - Kids living away from Newark attending college and don't have a car may qualify for this discount.
  • Senior Discount - Mature drivers are able to get lower premium rates.
  • Federal Government Employee - Being employed by or retired from a federal job may qualify for a discount when you quote Newark car insurance but check with your company.

Please keep in mind that most of the big mark downs will not be given to the entire policy premium. Most only cut individual premiums such as collision or personal injury protection. Despite the appearance that having all the discounts means you get insurance for free, companies wouldn't make money that way.

The chart below shows the difference between Volvo S80 auto insurance costs with and without policy discounts. The premium estimates are based on a female driver, no accidents, no driving violations, New Jersey 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.

To view insurers who offer cheap Volvo S80 insurance quotes in Newark in New Jersey, follow this link.

Facts and figures for Volvo S80 insurance

The premium information shown below covers estimates of insurance costs for Volvo S80 models. Understanding more about how insurance policy premiums are calculated can help you make informed decisions when shopping around for a new policy.

Volvo S80 Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S80 3.2 $578 $1246 $648 $38 $194 $2,704 $225
S80 T6 AWD $578 $1246 $648 $38 $194 $2,704 $225
S80 Executive AWD $578 $1410 $648 $38 $194 $2,868 $239
S80 V8 AWD $636 $1410 $648 $38 $194 $2,926 $244
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Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Rate quotes do not factor in the specific area where the vehicle is garaged which can revise premiums significantly.

Analysis of deductible levels

When buying insurance, a common question is how high should your deductibles be. The following insurance rates can help you visualize the differences in price when you select higher and lower deductibles. The first price estimate table uses a $100 deductible for comp and collision and the second set of prices uses a $500 deductible.

Volvo S80 insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S80 3.2 $520 $1014 $480 $28 $144 $2,211 $184
S80 T6 AWD $520 $1014 $480 $28 $144 $2,211 $184
S80 Executive AWD $520 $1146 $480 $28 $144 $2,343 $195
S80 V8 AWD $574 $1146 $480 $28 $144 $2,397 $200
Get Your Own Custom Quote Go
Volvo S80 insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S80 3.2 $380 $684 $480 $28 $144 $1,716 $143
S80 T6 AWD $380 $684 $480 $28 $144 $1,716 $143
S80 Executive AWD $380 $774 $480 $28 $144 $1,806 $151
S80 V8 AWD $418 $774 $480 $28 $144 $1,844 $154
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rate quotes do not factor in vehicle garaging location which can change coverage rates significantly.

Using the data above, we can ascertain that using a $100 deductible will cost you about $43 more each month or $516 each year averaged for all S80 models than selecting the higher $500 deductible. Because you would pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you usually have at a minimum 9 months between claims, you would most likely save money if you decide on a higher deductible. Here is an example of how we made this calculation.

Average monthly premium for $100 deductibles: $191
Average monthly premium for $500 deductibles (subtract): - $148
Monthly savings from raising deductible: $43
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $43
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 9 months

One thing to note is that raising deductibles results in a higher out-of-pocket expense when you do file a claim. It will be required that you have some extra funds in the event you need to pay the higher deductible.

Rate difference between full and liability-only coverage

The example below illustrates the comparison of Volvo S80 car insurance costs with liability coverage only compared to full coverage. The information is based on no violations or claims, $100 deductibles, single marital status, and no discounts are applied to the premium.

When to stop buying physical damage coverage

There is no written rule to stop paying for physical damage coverage on your policy, but there is a general school of thought. If the annual cost of your full coverage insurance is more than 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.

For example, let's assume your Volvo S80 replacement value is $3,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $2,000 after paying the physical damage deductible. If it's costing in excess of $200 annually to have full coverage, then it may be the right time to buy liability only.

There are some situations where dropping physical damage coverage is not recommended. If you still owe a portion of the original loan, you have to keep full coverage in order to keep the loan. Also, if you can't afford to buy a different vehicle in case of an accident, you should keep full coverage in place.

Newark Insurance Premiums are Influenced by These Factors

Many things are part of the equation when premium rates are determined. Some are obvious like your driving record, although others are less obvious such as whether you are married or how safe your car is.

  • Safer vehicles means cheaper rates - Safe vehicles cost less to insure. Vehicles engineered for safety result in less severe injuries and reduced instances of injuries means lower claim amounts and more competitive rates for policyholders.
  • How your age affects premiums - Mature drivers are more responsible, statistically cause fewer accidents, and are generally more financially stable. Youthful drivers are proven to be inattentive and easily distracted behind the wheel therefore insurance rates are much higher.

    The data below is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.

  • Cheaper to insure females? - Over the last 50 years, statistics have shown that women are safer drivers than men. That doesn't necessarily mean that men are WORSE drivers than women. Females and males are in auto accidents in similar numbers, but guys tend to have higher claims. Men also receive more costly citations such as driving while intoxicated (DWI) or driving recklessly.

    The chart below illustrates the difference between Volvo S80 insurance premiums for male and female drivers. The information is based on no tickets, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, drivers are single, and no other discounts are factored in.

  • Rates increase with driving citations - Attentive drivers pay lower auto insurance prices than people who have multiple driving citations. Only having one ticket may cause rates to rise twenty percent or more. Drivers who have gotten careless citations such as DUI, reckless driving or excessive speeding may need to complete a SR-22 to the state department of motor vehicles in order to legally drive a vehicle.

    The illustration below demonstrates how citations and accidents drive up Volvo S80 insurance costs for different age groups. The rate quotes are based on a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.

  • Marriage pays dividends - Getting married helps lower the price when shopping for insurance. Having a spouse may mean you are more financially stable and insurance companies like that married drivers get in fewer accidents.
  • High deductibles reduce prices - Comprehensive and collision coverage deductibles represent how much money you are required to spend out-of-pocket if the claim is covered. Insurance for physical damage, also known as collision and other-than-collision, insures against damage to your car. Some coverage claims are colliding with a stationary object, collision with a deer, and damage caused by road hazards. The more expense you're willing to pay, the less your insurance will be.
  • Additional coverages that may be costing you - There are a ton of extra add-on coverages that can waste your money on your insurance policy. Coverages for vanishing deductibles, high-cost glass coverage, and additional equipment coverage are examples of these. They may sound like good ideas initially, but if you don't need them consider taking them off your policy.
  • Don't cancel your policy without a new one in place - Not having insurance is not a good idea and as a result your rates will increase for letting your coverage cancel without a new policy in place. Not only will rates go up, not being able to provide proof of insurance may earn you a hefty fine and possibly a revoked license. You will then be forced to file a SR-22 with the New Jersey department of motor vehicles.
  • Volvo S80 statistical loss data - Companies study historical loss data to calculate a price that will offset losses. Models that tend to have higher losses will cost more for coverage. The table below demonstrates the compiled insurance loss statistics for Volvo S80 vehicles.

    For each type of coverage, the claim amount for all vehicles combined as an average is equal to 100. Values that are below 100 mean the vehicle has better than average losses, while values that are 100 or greater point to more frequent losses or statistically larger losses.

    Insurance Loss Ratings for Volvo S80 Vehicles
    Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Volvo S80 4dr 2WD 82
    Volvo S80 4dr 4WD 93
    BETTER
    AVERAGE
    WORSE

    Empty fields indicate not enough data collected
    Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Local neighborhood agents and car insurance

Many people would prefer to buy from a local agent and that can be a great decision Professional agents can point out coverage gaps and help submit paperwork. A nice benefit of price shopping on the web is the fact that drivers can get better rates and still have a local agent.

By using this form (opens in new window), the coverage information is immediately sent to insurance agents in Newark who want to provide quotes to get your business. You won't even need to find an agent as quotes are delivered to the email address you provide. In the event you want to quote rates from a specific car insurance provider, you can always search and find their rate quote page and submit a quote form there.

Picking the best provider should include more criteria than just the quoted price. These are some valid questions you should ask.

  • Will you get a loaner vehicle if you car is being repaired?
  • Will the quote change when the policy is issued?
  • Who are their largest clients?
  • Do they offer claims assistance after hours?
  • What insurance companies do they recommend if they are an independent agent?

Exclusive agents vs. Independent agents

If you are searching for a local Newark insurance agency, there are two different agency structures and how they can write your policy. Car insurance agencies can be described as either exclusive or independent agents depending on their company appointments. Either one can handle car insurance, but we need to point out the difference in the companies they write for since it could factor into the type of agent you choose.

Exclusive Insurance Agents

These type of agents generally can only insure with one company and some examples include Allstate, State Farm and Farmers Insurance. They generally cannot provide other company's prices so they really need to provide good service. Exclusive agents receive extensive training on their company's products which can be an advantage. A lot of people use the same agent primarily because of the brand and solid financial strength.

Below are Newark exclusive agencies willing to provide price quote information.

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Independent Car Insurance Agents

These type of agents do not have single company limitations so they can write business amongst many companies and get you the best rates possible. If they find a lower price, the business is moved internally and you don't have to do anything. When comparing rate quotes, you should always get some free quotes from a couple of independent agencies for the best price selection. Most also have access to additional companies that you may not be familiar with that may have much lower rates than larger companies.

Below is a short list of independent agencies in Newark that can give you rate quotes.

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Do I need special coverages?

When choosing adequate coverage for your vehicles, there isn't really a single plan that fits everyone. Every insured's situation is different.Safe vehicles cost less to insure

For example, these questions might help in determining whether or not you could use an agent's help.

  • Do I need higher collision deductibles?
  • Is my Volvo S80 covered for flood damage?
  • Is my babysitter covered when using my vehicle?
  • What does PIP insurance cover?
  • If my pet gets injured in an accident are they covered?
  • When do I need to add a new car to my policy?
  • Does every company file a SR-22 automatically?
  • When should my teen driver be added to my policy?

If it's difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find lower rates from a local agent, complete this form. It only takes a few minutes and you can get the answers you need.

Best auto insurance company in Newark

Finding the highest-rated auto insurance provider can be challenging considering how many choices there are in Newark. The company rank data displayed below could help you select which car insurance companies you want to consider comparing prices from.

Top 10 Newark Car Insurance Companies Ranked by Customer Satisfaction

  1. The Hartford - 93%
  2. Progressive - 90%
  3. 21st Century - 89%
  4. USAA - 87%
  5. Mercury Insurance - 87%
  6. State Farm - 87%
  7. Travelers - 87%
  8. Safeco Insurance - 86%
  9. AAA Insurance - 86%
  10. American Family - 85%

Top 10 Newark Car Insurance Companies Ranked by Customer Service

  1. Mercury Insurance
  2. The Hartford
  3. American Family
  4. Progressive
  5. GEICO
  6. USAA
  7. State Farm
  8. Travelers
  9. Farmers Insurance
  10. Allstate

Quote. Compare. Save.

Drivers leave their current company for a number of reasons such as policy non-renewal, an unsatisfactory settlement offer, being labeled a high risk driver and delays in paying claims. Regardless of your reason, finding a new insurance company is pretty easy and you might even save some money in the process.

We just presented some good ideas how you can compare Volvo S80 insurance prices in Newark. It's most important to understand that the more times you quote, the better your chances of lowering your rates. You may even find the biggest savings come from a smaller regional carrier.

A few companies may not provide online quoting and these regional carriers only sell through independent insurance agents. Budget-conscious Volvo S80 insurance can be bought from both online companies and from local insurance agents, so you should be comparing quotes from both to have the best rate selection.

Steps to buying discount Volvo S80 insurance in Newark

If you want to save the most money, the best way to find low-cost prices for Volvo S80 insurance in Newark is to compare prices annually from different companies in New Jersey.

  • First, learn about auto insurance and the measures you can take to drop your rates. Many rating factors that increase rates such as traffic violations, accidents, and poor credit history can be eliminated by making lifestyle changes or driving safer.
  • Second, request price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from one company like GEICO or Allstate, while independent agents can quote prices from many different companies.
  • Third, compare the new rates to your current policy premium and see if you can save money. If you find a lower rate and switch companies, make sure there is no coverage gap between policies.
  • Fourth, provide notification to your current agent or company of your intent to cancel your existing policy. Submit a completed application and payment to your new insurance company. Once received, keep the new proof of insurance certificate in your vehicle.

One thing to remember is to try to use identical coverage information on every price quote and to quote with as many companies as you can. This enables the most accurate price comparison and and a good selection of different prices.

Much more information about insurance in New Jersey can be found below: