Sadly, almost 70% of drivers in Wisconsin kept their coverage with the same insurance company for a minimum of four years, and about 40% of consumers have never compared rates with other companies. Many drivers in the U.S. could save $860 a year just by getting comparison quotes, but most just don’t grasp the benefits if they changed companies.
If you want to find the absolute lowest rates, then the best way to find lower priced car insurance rates in Madison is to compare prices annually from companies that sell auto insurance in Wisconsin.
First, spend some time learning about how companies set rates and the factors you can control to prevent expensive coverage. Many rating criteria that are responsible for high rates like speeding tickets, careless driving and a less-than-favorable credit score can be eliminated by making minor changes in your lifestyle. Later in this article we will cover more details to help prevent high rates and earn larger discounts.
Second, compare price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only quote rates from a single company like Progressive or State Farm, while independent agencies can quote prices for a wide range of companies. Click to view companies
Third, compare the new rate quotes to your current policy premium to see if you can save by switching companies. If you can save money and make a switch, ensure there is no coverage lapse between policies.
Fourth, provide notification to your current agent or company of your intent to cancel your current policy. Submit a completed application and payment to your new company or agent. Once the paperwork is finalized, place your new proof of insurance certificate along with the vehicle’s registration papers.
An important bit of advice to remember is that you’ll want to compare the same coverage limits and deductibles on every quote and and to get rates from as many car insurance companies as possible. Doing this guarantees an accurate price comparison and a complete selection of prices.
Choosing the most cost-effective insurance policy in Madison is really quite simple as long as you have a good starting point. If you currently have insurance, you should be able to find the best rates using this information. Although Wisconsin vehicle owners do need to understand how big insurance companies determine premium rates and take advantage of how the system works.
The best way we recommend to get policy rate comparisons for Volvo S60 insurance in Madison is to know the trick most of the larger companies actually pay money for the chance to give free rates quotes. The only thing you need to do is provide the companies a bit of rating information such as what you do for a living, if you have a valid license, how many miles driven, and whether your vehicle is owned or leased. Your rating data is submitted instantly to all major companies and they return cost estimate immediately.
To compare cheaper Volvo S60 insurance rates now, click here and enter the information requested.
The providers in the list below offer free quotes in Madison, WI. To buy the best cheap car insurance in WI, we suggest you visit as many as you can to get the most competitive price.
Learn How to Get Car Insurance Cheaper
When buying car insurance it’s important to understand the factors that go into determining car insurance rates. When consumers understand what determines premiums, this enables you to make decisions that could result in cheaper rates. Lots of things are used when pricing auto insurance. Most are fairly basic such as your driving record, but other criteria are more obscure like where you live or your commute time.
- Discounts for alarms and GPS tracking – Purchasing a vehicle with anti-theft technology or alarm system can save you some money. Anti-theft devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart your car from being stolen.
- Safer vehicles are cheaper to insure – Vehicles with good safety scores can get you lower premiums. The safest vehicles reduce occupant injuries and fewer injuries means less money paid by your insurance company passed on to you as lower rates.
- Gender is a factor – Over the last 50 years, statistics have shown that females tend to be a little less risky than males. That doesn’t necessarily mean that women are BETTER drivers than men. Men and women cause at-fault accidents in similar numbers, but males tend to have more serious accidents. Not only that, but men also receive more costly citations such as DWI and reckless driving.
- Having a spouse can save on car insurance – Your spouse can get you a discount on your car insurance policy. Having a spouse translates into being more financially stable and insurance companies like that drivers who are married file infrequent claims.
- Lower car insurance rates for being claim-free – Insurance companies in Wisconsin award discounts to drivers who do not file claims often. If you file claims often, you can definitely plan on either higher rates or even cancellation. Insurance coverage is designed for claims that pose a financial burden.
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Insurance loss data for a Volvo S60 – Insurers use past insurance losses to determine a rate that will be profitable for them. Vehicles that tend to have increased claim numbers or amounts will have a higher cost to insure.
The information below illustrates the actual insurance loss data for Volvo S60 vehicles. For each policy coverage type, the statistical loss for all vehicles combined as an average is represented as 100. Numbers under 100 are indicative of better than average losses, while percentages above 100 point to more frequent losses or an increased chance of larger losses than average.
Insurance Loss Ratings for Volvo S60 Vehicles Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Volvo S60 4dr 2WD 103 85 83 76 72 65 Volvo S60 4dr 4WD 111 73 90 65 66 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Auto insurance does more than just protect your car
Despite the high cost of buying insurance for a Volvo S60 in Madison, paying for auto insurance may be required and benefits you in several ways.
- Just about all states have mandatory insurance requirements which means the state requires specific minimum amounts of liability insurance if you want to drive legally. In Wisconsin these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you bought your Volvo with a loan, almost all lenders will have a requirement that you carry insurance to guarantee loan repayment. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Volvo at a much higher rate and require you to pay the higher premium.
- Insurance safeguards not only your Volvo S60 but also your assets. It will also reimburse you for many types of medical costs incurred in an accident. As part of your policy, liability insurance will also pay attorney fees in the event you are sued. If damage is caused by hail or an accident, your policy will pay to repair the damage.
The benefits of carrying adequate insurance are without a doubt worth the cost, especially for larger claims. Despite what companies tell you, the average driver is currently overpaying as much as $800 each year so smart consumers compare quotes at every renewal to ensure rates are competitive.