The most effective way to get discount Volvo XC60 insurance in Omaha is to compare prices once a year from different companies in Nebraska.
- Get an understanding of what coverages are included in your policy and the steps you can take to keep rates down. Many factors that increase rates such as high-risk driving behaviors and poor credit rating can be remedied by making minor driving habit or lifestyle changes.
- Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from a single company like Progressive and State Farm, while independent agents can quote prices from many different companies. Select a company
- Compare the new rates to your existing policy and see if you can save money. If you can save some money and make a switch, make sure coverage does not lapse between policies.
- Provide adequate notice to your current company to cancel your current coverage. Submit a completed policy application and payment for your new coverage. As soon as you receive it, place the new certificate verifying coverage in an accessible location in your vehicle.
A tip to remember is to try to compare identical limits and deductibles on each price quote and and to get price estimates from every insurance company. Doing this provides an accurate price comparison and a complete price analysis.
We don’t have to tell you that insurance companies don’t want customers comparing rates. People who perform rate comparisons will, in all likelihood, switch companies because there is a great chance of finding a lower-priced company. Remarkably, a study showed that drivers who routinely shopped for cheaper coverage saved approximately $865 annually as compared to drivers who never shopped around.
If saving the most money on auto insurance in Omaha is your objective, then having a good understanding how to shop and compare coverages can make the process more efficient.
Comparing quotes for the most affordable policy in Omaha is simple if you know the tricks. Nearly everyone who needs lower cost car insurance will be able to save money. Nevertheless, Nebraska drivers benefit from understanding how insurance companies charge you for coverage and use this information to your advantage.
Buy Omaha Volvo XC60 insurance online
When comparison shopping, there are several ways to get quotes from many car insurance companies in Nebraska. The fastest way to compare Volvo XC60 insurance prices is to jump online and get quotes.
When comparing car insurance rates, know that comparing a wide range of rates increases the chance that you will find the best offered rates. Some companies don’t provide Omaha XC60 insurance quotes online, so it’s important to also get quotes from the smaller companies as well.
The companies in the list below are ready to provide free rate quotes in Nebraska. If your goal is to find the best cheap auto insurance in Omaha, we recommend you compare several of them to get the best price comparison.
Get lower-cost Volvo XC60 insurance in Omaha with discounts
Insurance can be prohibitively expensive, but you might be missing out on some discounts that can help lower your rates. Most are applied at the time of purchase, but once in a while a discount must be inquired about prior to getting the savings.
- Multiple Cars – Drivers who insure primary and secondary vehicles on the same insurance policy may reduce the rate for each vehicle.
- Own a Home and Save – Being a homeowner may trigger a policy discount on insurance due to the fact that maintaining a home shows financial diligence.
- Discount for Passive Restraints – Vehicles equipped with air bags could see savings up to 30%.
- Low Miles Discount – Keeping the miles down on your Volvo can qualify you for better insurance rates on cars that stay parked.
- Discounts for Government Workers – Having worked for a branch of the government can earn a discount up to 10% depending on your company.
- Safety Restraint Discount – Drivers who require all vehicle occupants to buckle their seat belts could save 15% off the medical payments premium.
- Bundle and Save – If you have multiple policies with the same company you may earn up to 20% off your total XC60 insurance premium.
- Pay Upfront and Save – If you pay your entire premium ahead of time as opposed to paying monthly you could save 5% or more.
- Resident Student – Children living away from Omaha attending college and do not have access to a covered vehicle may be insured at a cheaper rate.
Discounts save money, but please remember that most discounts do not apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. Even though the math looks like all those discounts means the company will pay you, it just doesn’t work that way. But all discounts will definitely reduce the cost of coverage.
The diagram below shows the comparison of Volvo XC60 car insurance rates with and without discounts applied to the policy premium. The rate quotes are based on a female driver, no accidents or driving violations, Nebraska 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 safe-driver, multi-car, marriage, homeowner, claim-free, and multi-policy discounts applied.
Companies who may offer most of the discounts above may include but are not limited to:
It’s a good idea to ask all companies you are considering how you can save money. Some discounts listed above may not be offered in your area. For a list of companies that offer multiple discounts in Omaha, follow this link.
Volvo XC60 insurance charts and tables
The information shown below showcases detailed analysis of policy rates for Volvo XC60 models. Having a good understanding how premiums are formulated can help you make informed decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC60 3.2 2WD | $252 | $536 | $308 | $18 | $92 | $1,206 | $101 |
| XC60 3.2 AWD | $286 | $536 | $308 | $18 | $92 | $1,240 | $103 |
| XC60 T6 AWD AWD | $286 | $632 | $308 | $18 | $92 | $1,336 | $111 |
| XC60 T6-R AWD AWD | $318 | $632 | $308 | $18 | $92 | $1,368 | $114 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Rate quotes do not factor in the specific area where the vehicle is garaged which can change coverage prices noticeably.
Can higher deductibles save money?
The hardest decision when buying coverage is how high should your deductibles be. The rates shown below summarize the rate fluctuation between low and high comp and collision deductibles. The first set of rates 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 |
|---|---|---|---|---|---|---|---|
| XC60 3.2 2WD | $258 | $466 | $254 | $16 | $76 | $1,095 | $91 |
| XC60 3.2 AWD | $292 | $466 | $254 | $16 | $76 | $1,129 | $94 |
| XC60 T6 AWD AWD | $292 | $548 | $254 | $16 | $76 | $1,211 | $101 |
| XC60 T6-R AWD AWD | $324 | $548 | $254 | $16 | $76 | $1,243 | $104 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC60 3.2 2WD | $188 | $314 | $254 | $16 | $76 | $848 | $71 |
| XC60 3.2 AWD | $212 | $314 | $254 | $16 | $76 | $872 | $73 |
| XC60 T6 AWD AWD | $212 | $370 | $254 | $16 | $76 | $928 | $77 |
| XC60 T6-R AWD AWD | $236 | $370 | $254 | $16 | $76 | $952 | $79 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Estimates do not factor in specific Omaha garaging location which can decrease or increase coverage rates noticeably.
We can estimate from the data above that using a $100 deductible will cost you roughly $23 more each month or $276 each year than buying 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 a minimum 17 months between claims, you would save money by going with a higher deductible.
How to determine when to raise deductibles
| Average monthly premium for $100 deductibles: | $98 |
| Average monthly premium for $500 deductibles (subtract): | – $75 |
| Monthly savings from raising deductible: | $23 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $23 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 17 months |
One thing to be aware of is that raising deductibles to save money means you will have to pay more when you have to file a claim. That will force you to have access to more funds in the event you have to pay the deductible.
Full coverage or liability only
The chart below compares Volvo XC60 yearly insurance costs with full coverage compared to only the Nebraska minimum liability coverage. Data assumes no violations or claims, $1,000 deductibles, single marital status, and no other discounts are factored in.
Guidelines for eliminating full coverage
There is no definitive formula of when to stop paying for physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
For example, let’s pretend your Volvo XC60 replacement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $2,000 after paying the physical damage deductible. If you are currently paying more than $200 a year for your policy with full coverage, then it might be time to buy liability only.
There are some cases where dropping full coverage is not recommended. If you still have a lienholder on your title, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle in case of an accident, you should maintain full coverage.
Buying from insurance agencies
Some people just prefer to visit with an insurance agent and that is a personal choice. One of the benefits of comparing rates online is that drivers can save money and get cheap rate quotes and still choose a local agent. And supporting local agencies is important particularly in Omaha.
Once you complete this quick form, your information is instantly submitted to companies in Omaha that provide free Omaha car insurance quotes to get your business. There is no need to visit any agencies due to the fact that quote results will go to you instantly. You can find the lowest rates AND an agent nearby. If you wish to get a price quote from a specific company, you would need to navigate to their website and fill out their quote form.
If you want local Omaha agents, it’s helpful to know the different types of agencies and how they can service your needs differently. Agents can be categorized as either independent agents or exclusive agents.
Independent Agents
Agents in the independent channel can quote rates with many companies and that enables them to quote your coverage with many different companies depending on which coverage is best. If your premiums go up, they simply move your policy to a different company without you having to go to a different agency. When comparing rates, you will want to include multiple independent agents to ensure the widest selection of prices. A lot of them also have access to companies that do not advertise much who may have lower rates.
Below are independent insurance agents in Omaha that can give you free price quotes.
- Chastain-Otis Insurance and Financial Services
10822 Old Mill Rd #2 – Omaha, NE 68154 – (402) 397-2500 – View Map - Omaha Division Insurance
14792 Ray Sapp Dr – Omaha, NE 68138 – (402) 334-7087 – View Map - United Insurance Agencies and Affordable Auto Insurance
1055 N 115th St #208 – Omaha, NE 68154 – (402) 492-8020 – View Map
Exclusive Car Insurance Agencies
Agents that elect to be exclusive are contracted to one company like AAA, State Farm, Farmers Insurance, and Allstate. These agents are not able to compare rates from other companies so always compare other rates. They are usually well trained on their company’s products which helps offset the inability to provide other markets. Some insured continue to buy from the same agent for years mostly because of loyalty to the company rather than having low rates.
Listed below is a short list of exclusive insurance agencies in Omaha that can give you comparison quotes.
- Tommy Hughes Jr – State Farm Insurance Agent
1321 Jones St #104 – Omaha, NE 68102 – (402) 346-1011 – View Map - Tom Kaspar – State Farm Insurance Agent
1722 N 120th St – Omaha, NE 68154 – (402) 493-0101 – View Map - American Family Insurance – John Cuenca
4601 S 50th St Ste 306 – Omaha, NE 68117 – (402) 614-5004 – View Map
Deciding on an auto insurance agent should include more criteria than just the premium amount. Some important questions to ask are:
- Has the agent ever had any license suspensions?
- Will you work with the agent or an assistant?
- What company do they have the most business with?
- Do you need full coverage on every vehicle?
- Can they provide you with a list of referrals?
After getting good responses to any questions you have as well as offering an affordable quote, you may have just found an insurance agency that meets the criteria to properly service your car insurance policy. Keep in mind policyholders can cancel your policy for any reason so don’t assume that you’re stuck with a specific agent indefinitely.
Why Smart Buyers Pay Less for Volvo XC60 Insurance
Consumers need to have an understanding of the factors that play a part in calculating your premiums. If you have some idea of what determines premiums, this allows you to make educated decisions that could help you find much lower annual insurance costs.
High premiums for teen drivers – Drivers with little experience have been known to be inattentive when driving therefore auto insurance rates are much higher. Having to add a young driver to your policy will cause a huge premium hike. Older people are more cautious drivers, cause fewer claims and accidents, and tend to be get fewer driving tickets.
The data below uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.
How much liability insurance do you need? – Your auto insurance policy’s liability coverage will provide protection when you are determined to be liable for causing personal injury or damage in an accident. It will provide legal defense which can cost a lot. This coverage is very inexpensive as compared to coverage for physical damage, so do not cut corners here.
Rates may be higher where you live – Residing in a rural area can save you money if you are looking for the lowest rates. Fewer drivers and short commutes means reduced accidents as well as less vandalism and auto theft. People in densely populated areas have more aggressive driving styles and higher rates of accident claims. Longer commute distances statistically corresponds to a higher accident and claim rate.
Pay more of a claim out-of-pocket – Your deductibles define how much you are willing to pay if you file a covered claim. Physical damage coverage, aka comp and collision, insures against damage to your car. Some examples of claims that would be covered are a windshield broken by a bird, collision with a deer, and damage caused by road hazards. The larger the amount the insured is willing to pay, the better rate you will receive.
Insurance loss data for a Volvo XC60 – Insurance companies use claims history to calculate a price that offsets possible losses. Models that the statistics show to have higher claim frequency or loss amount will cost more for specific coverages.
The table below outlines the actual insurance loss data for Volvo XC60 vehicles. For each insurance policy coverage type, the statistical loss for all vehicles combined as an average is a value of 100. Values under 100 suggest a positive loss record, while percentages above 100 point to more frequent losses or an increased chance of a larger loss.
| Specific Volvo 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 |
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Why you need insurance
Despite the fact that insurance is not cheap in Omaha, buying insurance serves an important purpose.
- Just about all states have mandatory liability insurance requirements which means you are required to carry a specific minimum amount of liability insurance if you don’t want to risk a ticket. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Volvo XC60 has a lienholder, almost every bank will require that you have comprehensive coverage to guarantee payment of the loan. If you cancel or allow the policy to lapse, the lender may insure your Volvo at a significantly higher premium and require you to reimburse them a much higher amount than you were paying before.
- Insurance safeguards both your assets and your vehicle. It will also cover hospital and medical expenses for both you and anyone you injure as the result of an accident. Liability insurance will also pay to defend you if you are sued as the result of an accident. If you have damage to your Volvo as the result of the weather or an accident, comprehensive and/or collision insurance will pay to have it repaired.
The benefits of having insurance definitely exceed the price paid, especially when you need to use it. But the average driver in Nebraska overpays more than $865 each year so we recommend shopping around every year to help ensure money is not being wasted.
More effort can pay off
Some insurance providers do not offer rates over the internet and most of the time these small, regional companies sell through independent insurance agencies. Low-cost Volvo XC60 insurance in Omaha can be bought on the web in addition to local insurance agencies, and you should be comparing both in order to have the best chance of saving money.
We just showed you many ways to lower your Volvo XC60 insurance premium rates in Omaha. The key thing to remember is the more rate comparisons you have, the better your comparison will be. You may even discover the best premium rates are with a small local company.
Insureds switch companies for a variety of reasons including questionable increases in premium, policy non-renewal, denial of a claim or an unsatisfactory settlement offer. Regardless of your reason, choosing a new insurance company is not as difficult as it may seem.
Additional information
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
- Who Has Affordable Omaha Auto Insurance for a Ford F-150? (FAQ)
- How Much are Car Insurance Quotes for a Ford Escape in Omaha? (FAQ)
- Who Has Cheap Omaha Auto Insurance for Unemployed Drivers? (FAQ)
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- Teen Driver Licensing Information (iihs.org)
- How to Avoid Common Accidents (State Farm)
- Distracted Driving (Insurance Information Institute)