Are you regretting the purchase of an underperforming, overpriced car insurance policy? You’re in good company because many Chicago drivers feel the same as you.
A study showed that over 70% of consumers have purchased from the same company for at least the last four years, and practically 40% of car insurance customers have never taken the time to shop around. Many consumers in Chicago could save roughly 40% a year, but they just assume it takes a lot of time to shop around.
Many insurers compete for your business, and because of this it can be hard to compare auto insurance companies and get the definite cheapest price on Volvo XC60 insurance in Chicago.
Smart consumers take time to get comparison quotes as often as possible because prices are variable and change quite frequently. Just because you found the lowest rate on Volvo XC60 insurance in Chicago a few years ago you can probably find a lower rate today. Forget all the misinformation about car insurance because you’re going to learn the quickest way to find lower rates on car insurance.
Affordable auto insurance in Chicago, IL
The companies shown below have been selected to offer free rate quotes in Illinois. If multiple providers are shown, we suggest you compare several of them to get the best price comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC60 3.2 2WD | $128 | $232 | $214 | $12 | $64 | $650 | $54 |
| XC60 3.2 AWD | $120 | $210 | $250 | $14 | $76 | $670 | $56 |
| XC60 T6 AWD AWD | $196 | $412 | $250 | $14 | $76 | $948 | $79 |
| XC60 T6-R AWD AWD | $156 | $252 | $222 | $14 | $66 | $710 | $59 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Illinois minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Premium amounts do not factor in specific zip code location which can modify prices noticeably.
An analysis of deductible level
The information below highlights how deductible selection and can change Volvo XC60 insurance rates for different ages of insureds. The premiums assume a single male driver, comp and collision included, and no discounts are applied to the premium.
Yearly auto insurance costs for men versus women
The example below compares Volvo XC60 premium costs for male and female drivers. Data assumes no violations or accidents, full physical damage coverage, $250 deductibles, single marital status, and no additional discounts are factored in.
Cheaper Chicago auto insurance quotes with discounts
Auto insurance is not inexpensive, but discounts can save money and there are some available to help offset the cost. Certain discounts will be applied at quote time, but a few must be inquired about prior to getting the savings.
- Discounts for Multiple Vehicles – Buying a policy with multiple vehicles with one company may reduce the rate for each vehicle.
- Accident-Free Discounts – Drivers who don’t have accidents pay much less when compared with frequent claim filers.
- Organization Discounts – Being a member of a professional or civic organization may earn a discount when getting a Chicago auto insurance quote.
- Distant College Student Discount – Kids who are enrolled in higher education away from home and don’t have a car may be insured at a cheaper rate.
- Discount for Swiching Early – Some larger companies give discounts for switching to them before your current expiration date. It’s a savings of about 10%.
- Driver Safety – Completing a course that instructs on driving safety may get you a small discount and make you a better driver.
- Braking Control Discount – Vehicles with anti-lock braking systems can avoid accidents and therefore earn up to a 10% discount.
Drivers should understand that most discounts do not apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like comprehensive or collision. Even though it may seem like you would end up receiving a 100% discount, that’s just not realistic.
A partial list of companies that may include some of the above discounts include:
When comparing rates, check with all the companies to apply every possible discount. Depending on the company, some discounts may not apply in Chicago.
When to get professional advice
When quoting and comparing a policy for your personal vehicles, there really is not a one size fits all plan. Your needs are not the same as everyone else’s and your auto insurance should be unique as well.
Here are some questions about coverages that may help you determine if your situation will benefit from professional help.
- Am I covered when driving someone else’s vehicle?
- At what point should I drop full coverage?
- How do I buy GAP insurance?
- Does my medical payments coverage pay my health insurance deductible?
- Does coverage extend to a rental car in a foreign country?
- Is my custom paint covered by insurance?
- Is there coverage for my trailer?
If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of auto insurance companies in your area.
Insurance agents near you
A small number of people would rather go talk to an agent. A good thing about comparing insurance online is you may find cheaper prices but still work with a licensed agent. And supporting local insurance agencies is important particularly in Chicago.
For easy comparison, once you complete this simple form, your insurance data is instantly submitted to agents in your area who will gladly provide quotes for your insurance coverage. You won’t need to drive around because quoted prices will be sent immediately to your email address. Get lower rates AND a local agent. In the event you want to get a rate quote from a specific company, you would need to jump over to their website and complete a quote there.
Pick the best car insurance agent in Chicago for you
If you need to find a reliable insurance agency, you must know there are a couple types of agencies and how they operate. Agents in Chicago can be categorized as either independent agents or exclusive agents depending on their employer.
Independent Insurance Agents
Agents of this type do not sell for just one brand and that allows them to write policies with many different companies and find you cheaper rates. To transfer your coverage to a different company, the business is moved internally which requires no work on your part.
When comparing rates, you need to get some free quotes from at least one independent agent to maximize your price options.
Featured below is a list of independent insurance agencies in Chicago that may be able to provide free insurance rate quotes.
Riehn Insurance
4541 N Lincoln Ave – Chicago, IL 60625 – (773) 561-4200 – View Map
KSA Insurance Agency
7158 W Grand Ave – Chicago, IL 60707 – (773) 804-9000 – View Map
Lincoln Auto Insurance
855 W Washington Blvd – Chicago, IL 60607 – (312) 666-8800 – View Map
Exclusive Insurance Agencies
Exclusive agents have only one company to place business with such as Allstate, Farmers Insurance or State Farm. Exclusive agents cannot compare other company’s rates so they have no alternatives for high prices. They are very knowledgeable on their products and sales techniques and that can be a competitive advantage.
Below are exclusive agents in Chicago that can give you comparison quotes.
Rhea Joyer – State Farm Insurance Agent
4911 N Lincoln Ave c – Chicago, IL 60625 – (773) 878-8883 – View Map
Tamika Echols – State Farm Insurance Agent
1611 N Clybourn Ave – Chicago, IL 60614 – (312) 944-9700 – View Map
Greg King – State Farm Insurance Agent
5508 S Lake Park Ave – Chicago, IL 60637 – (773) 643-6200 – View Map
Finding the right insurance agency should include more criteria than just the quoted price. Any agent in Chicago should have no problem answering these questions:
- Is every driver in your family covered?
- Can glass claims be handled at your home?
- Is the agency involved in supporting local community causes?
- Will they take your side in the event of a claim?
- Is insurance their full-time profession?
- Will the quote change when the policy is issued?
- Where are claims handled?
- How much experience to they have in personal lines coverages?
Car insurance 101
Knowing the specifics of your insurance policy can help you determine which coverages you need and the correct deductibles and limits. Insurance terms can be confusing and coverage can change by endorsement. Below you’ll find the normal coverages offered by insurance companies.
Comprehensive coverage
This covers damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims like vandalism, rock chips in glass, theft and hitting a bird. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Medical payments coverage and PIP
Coverage for medical payments and/or PIP pay for immediate expenses like chiropractic care, ambulance fees, hospital visits, rehabilitation expenses and funeral costs. They are used in conjunction with a health insurance program or if you do not have health coverage. They cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP is not universally available but can be used in place of medical payments coverage
Uninsured/Underinsured Motorist coverage
This coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Volvo XC60.
Because many people only carry the minimum required liability limits (20/40/15 in Illinois), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Usually the UM/UIM limits are set the same as your liability limits.
Coverage for liability
This provides protection from damage that occurs to other people or property in an accident. This coverage protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 20/40/15 which stand for a $20,000 limit per person for injuries, a per accident bodily injury limit of $40,000, and property damage coverage for $15,000. Alternatively, you may have a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.
Liability can pay for things like loss of income, structural damage, court costs and funeral expenses. The amount of liability coverage you purchase is your choice, but you should buy as high a limit as you can afford. Illinois requires minimum liability limits of 20/40/15 but you should think about purchasing higher limits.
Auto collision coverage
This coverage pays to fix your vehicle from damage resulting from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things like hitting a parking meter, sustaining damage from a pot hole and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Drivers also have the option to raise the deductible on your XC60 to save money on collision insurance.
Find cheap rates by comparing often
Cost effective Volvo XC60 insurance can be purchased on the web as well as from independent agents in Chicago, and you should compare price quotes from both to have the best selection. Some car insurance companies may not provide price quotes online and most of the time these smaller providers work with independent agents.
When you buy Chicago auto insurance online, it’s very important that you do not skimp on coverage in order to save money. There are too many instances where someone sacrificed collision coverage only to find out that the few dollars in savings costed them thousands. The goal is to find the BEST coverage at the best possible price, but do not sacrifice coverage to save money.
In this article, we covered some good ideas how you can save on Volvo XC60 insurance in Chicago. The key thing to remember is the more times you quote, the better chance you’ll have of finding the cheapest Volvo XC60 rate quotes. You may even be surprised to find that the best auto insurance rates are with the least-expected company. Regional companies may have significantly lower premium rates on certain market segments compared to the large companies like GEICO and State Farm.
Much more information about car insurance in Illinois can be read on the following sites:
- Auto Insurance Basics (Insurance Information Institute)
- Who Has Cheap Auto Insurance Quotes for High Risk Drivers in Chicago? (FAQ)
- Who Has Affordable Auto Insurance for High Mileage Drivers in Chicago? (FAQ)
- Who Has the Cheapest Car Insurance Rates for a Nissan Sentra in Chicago? (FAQ)
- Young Drivers: The High Risk Years Video (iihs.org)
- Prom Night Tips for Teen Drivers (State Farm)