Car Insurance Quotes for a Volvo C30 in Cleveland

Insurance for Volvo C30It’s easy to assume that insurance companies don’t want policyholders to compare prices from other companies. Drivers who perform rate comparisons are very likely to move their business because of the high probability of getting low-cost coverage. A recent survey discovered that consumers who compared rate quotes regularly saved about $860 a year compared to drivers who never shopped around for better prices.

If finding the most affordable Volvo C30 insurance is why you’re here, then learning about how to shop for car insurance can make it easier to find better rates.

It takes a few minutes, but the best way to get affordable Volvo C30 insurance in Cleveland is to annually compare prices from companies who sell insurance in Ohio.

One key aspect of rate comparisons is to compare similar limits and deductibles on each quote request and and to get price quotes from as many companies as feasibly possible. This guarantees an accurate price comparison and a complete price analysis.

Car insurance statistics and figures

The premium table shown below highlights estimates of insurance prices for Volvo C30 models. Being able to understand how policy rates are figured can help drivers make smart choices when comparing insurance quotes.

Volvo C30 Insurance Rates in Cleveland, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C30 T5 $170 $290 $232 $14 $70 $776 $65
C30 T5 R-Design $192 $342 $232 $14 $70 $850 $71
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Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Premium costs do not factor in specific Cleveland garaging location which can increase or decrease rates substantially.

Raise deductibles and save

One frequently asked question is how high should the physical damage deductibles be. The premium rates below may help you to understand the differences in price between low and high physical damage coverage deductibles. The first price estimate table uses a $250 deductible for comprehensive and collision coverage and the second pricing table uses a $500 deductible.

Volvo C30 insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C30 T5 $176 $296 $226 $14 $68 $805 $67
C30 T5 R-Design $198 $348 $226 $14 $68 $879 $73
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Volvo C30 insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C30 T5 $142 $238 $226 $14 $68 $688 $57
C30 T5 R-Design $160 $280 $226 $14 $68 $748 $62
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Table data does not factor in garaging location in Cleveland which can revise premium rates noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs an average of $10 more each month or $120 each year than choosing the higher $500 deductible. Because you would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to have more than 25 months between claims, you would save money by selecting a higher deductible.

Car insurance rates based on gender in Cleveland

The illustration below illustrates the difference between Volvo C30 insurance costs for male and female drivers. The costs are based on a clean driving record, no at-fault accidents, full coverage, $250 deductibles, single marital status, and no additional discounts are factored in.

Difference between full coverage and liability only rates

The information below shows the difference between Volvo C30 yearly insurance costs with full physical damage coverage and with liability coverage only. The data assumes no claims or driving citations, $100 deductibles, single status, and no policy discounts are applied.

When to stop buying full coverage

There is no clear-cut formula for excluding physical damage coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.

For example, let’s say your Volvo C30 settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would receive is $5,000 after you pay the deductible. If you are paying over $500 a year for comprehensive and collision coverage, then it might be time to buy liability only.

There are some cases where eliminating full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not consider dropping full coverage.

How Your C30 Insurance Premiums are Determined

Smart consumers have a good feel for some of the elements that go into determining car insurance rates. If you understand what determines base rates, this allows you to make educated decisions that could help you find cheaper rates.

Cleveland auto insurance companies

Picking the top insurance company can be challenging considering how many companies are available to choose from in Cleveland. The company rank data shown next can help you pick which auto insurance companies you want to consider comparing price quotes from.

Top 10 Cleveland Car Insurance Companies Ranked by Customer Satisfaction

  1. USAA – 92%
  2. Erie Insurance – 88%
  3. American Family – 88%
  4. State Farm – 88%
  5. Nationwide – 88%
  6. 21st Century – 88%
  7. AAA Insurance – 87%
  8. Liberty Mutual – 87%
  9. Farmers Insurance – 87%
  10. The Hartford – 87%

Find cheap rates by being thorough

When you buy Cleveland car insurance online, do not buy poor coverage just to save money. Too many times, someone dropped physical damage coverage only to discover later they didn’t have enough coverage. The proper strategy is to purchase plenty of coverage at a price you can afford, but do not skimp to save money.

A few companies may not have online rate quotes and most of the time these smaller companies prefer to sell through independent insurance agents. Cost effective Volvo C30 insurance is attainable online and from local insurance agents, and you need to price shop both in order to have the best chance of saving money.

We just showed you a lot of ways to shop for Volvo C30 insurance online. The key concept to understand is the more rate quotes you have, the better your chances of lowering your premium rates. Drivers may even discover the best car insurance rates are with a small mutual company.

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