Save on Volvo V50 Insurance in Oakland

It goes without saying that car insurance companies want to keep your business as long as possible. Drivers who shop around for cheaper prices are highly likely to switch companies because there is a high probability of finding a cheaper policy. A study discovered that drivers who compared rate quotes regularly saved about $850 each year compared to other drivers who don’t make a habit of comparing rates.

If finding the lowest price for car insurance is your objective, then having a good understanding how to find and compare car insurance can save time and make the process easier.

Insurance rates Volvo V50 in OaklandThe best way to get low-cost Volvo V50 insurance in Oakland is to make a habit of comparing prices annually from providers in California.

One thing to point out is to use the same level of coverage on every quote request and and to get price estimates from every insurance company. Doing this ensures an apples-to-apples comparison and the best price selection.

Most of the larger companies provide price estimates on their websites. Getting online quotes for Volvo V50 insurance in Oakland is pretty easy as you just enter your coverage information as detailed in the form. Upon sending the form, their rating system pulls credit information and your driving record and gives you a price quote based on these and other factors. Being able to quote online for Volvo V50 insurance in Oakland streamlines rate comparisons, and it’s absolutely necessary to perform this step in order to get a better rate.

To quickly compare rates using this form now, take a look at the companies shown below. To compare your current rates, we recommend you copy the insurance coverages just like they are on your policy. Doing this assures you will get comparison quotes for similar coverage.

The companies in the list below are our best choices to provide free rate quotes in California. If multiple companies are listed, it’s a good idea that you click on several of them to find the most competitive car insurance rates.

Determine discounts to get cheap Oakland auto insurance quotes

Some companies don’t always advertise every available discount in an easy-to-find place, so the following is a list of some of the best known as well as some of the hidden discounts you could be receiving when you buy Oakland car insurance online.Save money with discounts

As a footnote on discounts, most discount credits are not given to the whole policy. Most only cut specific coverage prices like physical damage coverage or medical payments. Just because it seems like it’s possible to get free car insurance, you won’t be that lucky.

The illustration below illustrates the comparison of Volvo V50 insurance costs with and without discounts applied to the premium. The premiums are based on a female driver, no claims or driving violations, California state minimum liability limits, full 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, safe-driver, marriage, multi-car, and multi-policy discounts applied.

If you would like to view insurers with significant discounts in Oakland, click this link.

Volvo V50 insurance charts and tables

The information displayed below covers different coverage prices for Volvo V50 models. Being aware of how prices are figured can help guide drivers when making informed decisions when shopping around for a new policy.

Volvo V50 Insurance Rates in Oakland, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
V50 2.4I $244 $464 $424 $26 $126 $1,284 $107
V50 AWD T5 R-Design $244 $534 $424 $26 $126 $1,354 $113
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Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Table data does not factor in vehicle location which can influence premium rates greatly.

Deductible comparison

One of the hardest decisions when shopping for auto insurance is how high should the physical damage coverage deductibles be. The comparisons below lay out the difference in cost between high and low coverage deductibles. The first set of rates uses a $100 deductible and the second pricing table uses a $500 deductible.

Volvo V50 insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
V50 2.4I $430 $810 $442 $26 $132 $1,865 $155
V50 AWD T5 R-Design $430 $932 $442 $26 $132 $1,987 $166
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Volvo V50 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
V50 2.4I $314 $546 $442 $26 $132 $1,460 $122
V50 AWD T5 R-Design $314 $630 $442 $26 $132 $1,544 $129
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Premium amounts do not factor in specific location information which can alter premiums noticeably.

Based on these figures, using a $100 deductible could cost the average driver approximately $35 more each month or $420 every year than buying the higher $500 deductible. Due to the fact that you would have to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you normally average at least 11 months between claims, you would save money if you decide on a higher deductible.

Calculation for raising deductibles

Average monthly premium for $100 deductibles: $161
Average monthly premium for $500 deductibles (subtract): – $126
Monthly savings from raising deductible: $35
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $35
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 11 months

An important thing to remember is that higher deductibles means you pay more out-of-pocket when you do file a claim. That will force you to have enough extra money in the event you have to pay the deductible.

The chart below highlights how deductible selection and can change Volvo V50 insurance rates for different categories of driver ages. The premiums assume a married female driver, comp and collision included, and no discounts are applied.

How Car Insurance Companies Determine Volvo V50 Insurance Premiums

Lots of things are part of the equation when quoting car insurance. Most are fairly basic like a motor vehicle report, but others are more transparent like your continuous coverage and annual miles driven.

Insurance premiums are higher for high performance vehicles – The performance of the car you drive makes a big difference in how high your rates are. The lowest premiums are usually for the lowest performance passenger vehicles, but there are many factors that impact the final cost.

The data below uses these variables: married male driver age 50, full coverage with $250 deductibles, and no discounts or violations. It shows Volvo V50 policy rates compared to other models that have a range of performance risks.

Discounts for GPS tracking and theft deterrents – Buying a car with a theft deterrent system can save you a little every year. Systems that thwart thieves like vehicle immobilizer systems, OnStar, and tracking devices like LoJack can help prevent auto theft.

Premiums drop with age – Inexperience drivers are statistically shown to be easily distracted with other occupants in the car so insurance rates are higher. Parents adding a youthful driver to your insurance policy can break the bank. Older, more experienced drivers are shown to be more cautious, tend to file fewer claims, and usually have better credit.

The following chart uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.

Physical damage deductibles are a factor – Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your Volvo. Some examples of claims that would be covered could be running into the backend of another car, collision with an animal, and having your car stolen. The deductibles state the amount of money you are willing to pay if you file a covered claim. The more money you are required to pay out-of-pocket, the better rate you will receive.