Buying budget-priced Chicago Volvo V90 insurance quotes might appear overwhelming for consumers new to online price comparisons. With more and more online companies available, how are we expected to possibly compare every company to locate better prices?
Unbelievable but true according to a study nearly 70% of customers have stayed with the same insurance company for well over three years, and nearly 40% of drivers have never taken the time to shop around. The average driver in the United States could save themselves nearly $860 a year by just comparing quotes, but they underestimate the amount of savings they would get if they bought a different policy.
Just remember that making a lot of price comparisons helps you find a lower rate than you’re paying now. Not every company does online price quotes, so it’s important to compare quotes from them, too.
The companies shown below are ready to provide price quotes in Illinois. If the list has multiple companies, we suggest you compare several of them in order to find the most competitive rates.
Earn discounts on Chicago car insurance
Companies offering auto insurance do not advertise all their discounts very well, so we break down a few of the more well known as well as the least known discounts that may be available. If you are not receiving all the discounts you qualify for, you could be paying more than you need to.
- Discounts for Seat Belt Usage – Buckling up and requiring all passengers to use a seat belt can save up to 15% off the medical payments premium.
- Discount for Home Ownership – Just being a homeowner can save a few bucks because it means you have a higher level of financial diligence.
- Theft Prevention System – Vehicles optioned with advanced anti-theft systems are less likely to be stolen so companies will give you a small discount.
- Senior Citizen Rates – Seniors may receive better car insurance rates.
- Multiple Cars – Purchasing coverage when you have multiple cars or trucks with the same company can get a discount for every vehicle.
- Distant Student – Older children who live away from home at college and leave their car at home could qualify for this discount.
- Organization Discounts – Being in a qualifying organization could trigger savings on your policy.
- Good Grades Discount – Maintaining excellent grades may save as much as 25% on a Chicago auto insurance quote. Earning this discount can benefit you well after school through age 25.
- Auto/Life Discount – Not every insurance company offers life insurance, but if they do you may earn a break if you buy auto and life insurance together.
It’s important to understand that some of the credits will not apply to the overall cost of the policy. A few only apply to individual premiums such as physical damage coverage or medical payments. Despite the appearance that all the discounts add up to a free policy, nobody gets a free ride.
Insurance companies that have these discounts are:
It’s a good idea to ask each insurance company which discounts you may be entitled to. Some discounts listed above may not be available in your area. If you would like to view companies who offer discounts in Chicago, click this link.
Compare rate quotes but work with a local Chicago insurance agent
Many people just want to sit down with an agent and that can be a smart move A nice benefit of getting online price quotes is that drivers can save money and get the best rates but still work with a licensed agent.
For easy comparison, once you complete this form (opens in new window), your insurance data is transmitted to local insurance agents in Chicago that provide free Chicago auto insurance quotes for your business. You never need to do any legwork since rate quotes are delivered directly to you. You can most likely find cheaper rates without having to waste a lot of time. If for some reason you want to get a rate quote from a specific insurance company, don’t hesitate to navigate to their website and complete a quote there.
Selecting an insurance company requires you to look at more than just a cheap price quote. Here are some questions you should ask.
- Which members of your family are coverage by the policy?
- How would your car be valued if totalled?
- What is their Better Business Bureau rating?
- Where would your vehicle be repaired?
- Do they have cheaper tiers of coverage?
- What are the financial ratings for the companies they represent?
- How experienced are they in personal risk management?
Different people need different car insurance coverages
When quoting and comparing your policy, there really isn’t a cookie cutter policy. Coverage needs to be tailored to your specific needs.
Here are some questions about coverages that could help you determine whether or not you would benefit from professional advice.
- Why is insurance for a teen driver so high in Chicago?
- Can I insure my car for more than it’s worth?
- Do I have any recourse if my insurance company denies a claim?
- Does my personal policy cover me when driving out-of-state?
- Should I have a commercial auto policy?
- Should I rate my vehicle as business use?
- What is roadside assistance coverage?
- Does coverage extend to a rental car in a foreign country?
- Is business equipment covered while in my vehicle?
If you don’t know the answers to these questions, you might consider talking to a licensed agent. To find lower rates from a local agent, fill out this quick form.
Car insurance coverage specifics
Knowing the specifics of your policy can help you determine the best coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things like a broken windshield, hitting a deer, hitting a bird and fire damage. The most you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Collision insurance
This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for things such as driving through your garage door, sustaining damage from a pot hole and damaging your car on a curb. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to raise the deductible on your V90 to get cheaper collision coverage.
Liability car insurance
Liability insurance can cover damage or injury you incur to other’s property or people in an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 20/40/15 that means you have $20,000 bodily injury coverage, $40,000 for the entire accident, and property damage coverage for $15,000.
Liability coverage protects against claims like legal defense fees, pain and suffering, bail bonds and funeral expenses. How much liability should you purchase? That is up to you, but consider buying higher limits if possible. Illinois state law requires minimum liability limits of 20/40/15 but you should consider buying higher limits.
Insurance for medical payments
Med pay and PIP coverage pay for expenses for things like rehabilitation expenses, dental work, X-ray expenses and EMT expenses. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants in addition to getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible
Uninsured Motorist or Underinsured Motorist insurance
This protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Volvo V90.
Since a lot of drivers have only the minimum liability required by law (20/40/15 in Illinois), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.
You can find affordable coverage
Consumers change insurance companies for a number of reasons such as policy non-renewal, lack of trust in their agent, an unsatisfactory settlement offer and even not issuing a premium refund. It doesn’t matter what your reason, switching car insurance companies can be pretty painless.
We just presented a lot of techniques to shop for Volvo V90 insurance online. It’s most important to understand that the more you quote Chicago auto insurance, the better your chances of lowering your auto insurance rates. Consumers could even find that the best rates are with a lesser-known regional company.
When buying insurance coverage, do not skimp on critical coverages to save a buck or two. In too many instances, consumers will sacrifice uninsured motorist or liability limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your focus should be to buy the best coverage you can find at the best price.
Helpful resources
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- How Much is Chicago Auto Insurance for a 20 Year Old Female? (FAQ)
- How Much are Car Insurance Quotes for 19 Year Olds in Chicago? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Welfare Recipients in Chicago? (FAQ)
- Who Has Affordable Auto Insurance for High Mileage Drivers in Chicago? (FAQ)
- What Car Insurance is Cheapest for a Jeep Wrangler in Chicago? (FAQ)
- Understanding your Policy (NAIC.org)
- Credit and Insurance Scores (Insurance Information Institute)
- Driving in Bad Weather (Insurance Information Institute)