Best Insurance for a Volvo XC70 in Chicago

I really doubt anyone loves paying for car insurance, especially when they are aware that their premiums are too high.

Amazingly, almost 70% of insureds in Illinois renewed their policy with the same company for at least the last four years, and just under half have never shopped around. American drivers can save as much as 47% each year, but most just don’t grasp the large savings they would see if they swap their current policy for a cheaper one.

Due to the fact that there are so many choices for buying cheaper insurance for a Volvo XC70 in Chicago, it can be diffult for people to choose a more affordable car insurance provider.

When price shopping your coverage, comparing more rates from different companies gives you a better chance of getting the best offered rates.

The following companies are our best choices to provide free rate quotes in Chicago, IL. If more than one company is shown, it’s a good idea that you get rates from several of them in order to find the most affordable rates.

Price data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Illinois minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Prices do not factor in specific garaging location which can lower or raise premiums substantially.

Rate comparison for different deductibles

A question often asked by Chicago drivers is which deductibles should you choose. The rates shown below highlight how much more you’ll pay of buying low and high insurance deductibles. The first price estimate table uses a $100 deductible and the second price chart uses a $500 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Illinois minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Price estimates do not factor in vehicle garaging location which can influence coverage prices greatly.

Using the data above, we can ascertain that using a $100 deductible would cost the average driver about $22 more each month or $264 every year than buying the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you normally go at a minimum 18 months between claims, you would save money if you opt for a higher deductible.

Check for these money saving discounts

Some providers don’t always list every possible discount very well, so we break down a few of the more common as well as some of the hidden ways to save on car insurance.

• Discounts for Government Workers – Simply working for the federal government may qualify for a discount when you quote Chicago auto insurance with a few car insurance companies.
• Telematics Data – Chicago drivers who agree to allow their insurance company to spy on vehicle usage by using a small device installed in their vehicle such as Drivewise from Allstate or Snapshot from Progressive might get better premium rates if they are good drivers.
• Full Payment Discount – By making one initial payment as opposed to paying monthly you could save up to 5%.
• Distant Student – Older children who attend college more than 100 miles from Chicago without a vehicle on campus may be able to be covered for less.
• Theft Deterrent System – Anti-theft and alarm system equipped vehicles are stolen with less frequency and therefore earn up to a 10% discount.

As a disclaimer on discounts, most credits do not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as comprehensive or collision. Even though it may seem like all those discounts means the company will pay you, you’re out of luck.

Companies that have these discounts include:

• GEICO
• Auto-Owners Insurance
• American Family
• Esurance
• Progressive
• State Farm
• AAA

When quoting, ask all companies you are considering how many discounts you can get. Some credits may not be offered in Chicago. To locate companies with the best discounts in Chicago, follow this link.

Smart Consumers Know How to Buy Auto Insurance Cheaper

Many things are used when quoting car insurance. Some factors are common sense like a motor vehicle report, but others are less apparent such as your credit history or your financial responsibility. Consumers need to have an understanding of the factors that come into play when calculating the level of your policy premiums. If you have some idea of what influences your rates, this enables you to make decisions that can help you get lower rates.

The itemized list below are just a few of the factors utilized by car insurance companies to help set your prices.

• Use one insurance company and save – Most larger companies give discounts to people that buy multiple policies. It’s known as a multi-policy discount. Discounts can add up to ten or even up to twenty percent in some cases. Even if you already get this discount, you still need to check prices from other companies to help guarantee you have the best rates. Drivers may still save even more by insuring with multiple companies.
• Better prices on safer vehicles – Vehicles with good safety scores can get you lower premiums. Safer cars reduce occupant injuries and reduced instances of injuries means less money paid by your insurance company passed on to you as lower rates. If your Volvo XC70 scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
• With age comes lower costs – Older insureds tend to be more responsible, statistically cause fewer accidents, and are safer drivers.Drivers with little experience are statistically shown to be more careless when driving and because of this, their auto insurance rates are much higher.
• You might get higher prices if you are single – Having a significant other may earn you lower rates when buying auto insurance. It usually means you are more responsible and statistics show drivers who are married file infrequent claims.
• Responsible credit means lower prices – Your credit score can be an important factor in calculating your premium rate. If your credit score is low, you could be paying less to insure your Volvo XC70 by repairing your credit. Consumers who have good credit tend to be more responsible than those with lower credit ratings.
• Higher deductibles are cheaper – Comp and collision deductibles define how much the insured will be required to pay if a claim is determined to be covered. Physical damage insurance, also called ‘full coverage’, insures against damage to your car. Some examples of claims that would be covered could be rearending another vehicle, vandalism, and damage caused by road hazards. The higher the amount you’re willing to pay, the bigger discount you will receive.
• How much liability coverage – Liability insurance will provide protection if you are responsible for causing damage or personal injury in an accident. It provides legal defense to attempt to prove you were not liable. Liability insurance is pretty cheap when compared to the cost of physical damage coverage, so drivers should make sure they buy enough to cover all assets.
• Insurance loss data for Volvo XC70 vehicles – Insurance companies analyze past claim statistics when setting premium rates. Vehicles that tend to have higher number or severity of losses will have higher rates. The table below outlines the insurance loss data used by companies for Volvo XC70 vehicles.

  For each type of coverage, the claim probability for all vehicles, regardless of make, model or trim level, is represented as 100. Percentage numbers below 100 indicate a favorable loss history, while numbers that are greater than 100 indicate higher probability of having a loss or an increased chance of larger losses than average.

  Auto Insurance Loss Data for Volvo XC70 Models

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Volvo XC70 Station Wagon 2WD	69
  Volvo XC70 Station Wagon 4WD	79	70	94	45

  BETTER

  AVERAGE

  WORSE

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

What if I want to buy from local Chicago insurance agencies?

Some people just want to buy from a licensed agent and that is a personal choice. A good thing about price shopping on the web is the fact that drivers can get lower car insurance rates but also keep your business local.

Upon completion of this quick form, your insurance coverage information gets sent to companies in Chicago who will gladly provide quotes to get your business. It makes it easy because there is no need to contact an agency since rate quotes are delivered to you instantly. You can find better rates without having to waste a lot of time. In the event you want to get a price quote from a particular provider, you would need to visit that company’s website and fill out the quote form the provide.

Deciding on a insurer is decision based upon more than just the bottom line cost. Any agent in Chicago should be forthright in answering these questions:

• Which insurance companies are they affiliated with?
• How long has their agency been in business in Chicago?
• How experienced are they in personal risk management?
• If you are a high risk driver, do they have special markets for your coverage?
• What insurance company do they write the most business with?

Different types of Chicago auto insurance agents

If you want to buy auto insurance from a reliable agent, it can be helpful to understand the types of agencies that differ in how they can insure your vehicles. Insurance agencies in Chicago are classified as either independent (non-exclusive) or exclusive.

Exclusive Auto Insurance Agents

Agents in the exclusive channel normally can only provide a single company’s rates and some examples include American Family, State Farm, and AAA. They generally cannot provide prices from multiple companies so they have no alternatives for high prices. Exclusive insurance agents are usually well trained on the products they sell which helps offset the inability to provide other markets.

Below is a short list of exclusive insurance agencies in Chicago that are able to give price quote information.

View more agents

Independent Auto Insurance Agents

Agents in the independent channel are not limited to a single company so they can insure your vehicles with many different companies and find you cheaper rates. If you want to switch companies, your agent can just switch to a different company and you stay with the same agent.

If you are comparing rate quotes, you definitely need to compare quotes from at a minimum one independent agency to have the best price comparison.

The following are independent insurance agents in Chicago willing to provide comparison quotes.

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Cheap car insurance rates are out there

Cost effective Volvo XC70 insurance is possible both online and with local Chicago insurance agents, and you need to comparison shop both to have the best rate selection. Some companies do not provide price quotes online and most of the time these regional insurance providers only sell through independent agents.

In this article, we covered many ideas to lower your Volvo XC70 insurance prices in Chicago. It’s most important to understand that the more companies you get rates for, the higher your chance of finding affordable Chicago auto insurance quotes. You may even be surprised to find that the most savings is with an unexpected company. They may only write in your state and offer lower rates than the large multi-state companies such as State Farm or Progressive.

When trying to cut insurance costs, it’s a bad idea to skimp on coverage in order to save money. There are many occasions where drivers have reduced liability limits or collision coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to find the BEST coverage at an affordable rate, not the least amount of coverage.

More detailed car insurance information can be found in these articles:

• Comprehensive Coverage (Liberty Mutual)
• Who Has the Cheapest Auto Insurance Rates for a Ford Explorer in Chicago? (FAQ)
• Who Has Cheap Auto Insurance Quotes for High Risk Drivers in Chicago? (FAQ)
• Who Has the Cheapest Chicago Car Insurance Rates for Inexperienced Drivers? (FAQ)
• Who Has Affordable Chicago Car Insurance Rates for a Toyota Corolla? (FAQ)
• What does Personal Injury Protection (PIP) Cover? (Allstate)
• Choosing an Insurance Company (Insurance Information Institute)