Insuring your Volvo XC90 can be quite painless if you are well informed about your options, state auto insurance requirements, and how much insurance is sufficient to cover your vehicle. Lets start with your options. Volvo has its own auto insurance program appropriately named Volvo Car Insurance. This auto insurance program is specifically designed with Volvo car owners in mind. It features only OEM parts
(Genuine Volvo Parts) when repairs are necessary, rental car following damage or theft, new car replacement, Agreed Value options, choice of repairer, and maximum no claim bonus protection.
Unfortunately, Volvo Car Insurance (brand name owned by Volvo Car Australia) is only available in Australia and the UK. What U.S. Volvo owners do have access to is Volvos Safe + Sound Coverage Plan. The Safe + Sound program offers 5 Years:
- 60,000-Mile Warranty
- Factory Scheduled Maintenance
- Wear & Tear Coverage
- Volvo On Call Roadside Assistance
This is a great offer for new Volvo XC90 owners, but its not auto insurance
. What Volvo owners in the U.S. must do is locate an auto insurance provider that specializes in high-performance, luxury vehicles. Searching for auto insurance providers online is quick and easy, but you should also consider searching elsewhere for unbiased sources of information about luxury auto insurance providers. According to the National Association of Insurance Commissioners (NAIC), information is available to consumers from a number of unbiased sources. These sources include public libraries, state insurance departments, consumer groups, and consumer publications. NAIC also states that, every state insurance department has personnel available to answer questions regarding auto insurance coverage and many departments publish premium comparisons to make shopping around easier.
Once you have located several auto insurance providers that offer products for high-performance and luxury vehicles, its time to take a look at your state requirements and average auto insurance rates for the Volvo XC90. Every state has minimum auto insurance requirements. For example, in the state of Oklahoma all drivers must carry minimum auto liability insurance in the amount of 25/50/25. This translates to $25,000 for injury or death of one person, $50,000 for injury or death of two or more persons, and $25,000 for property damage. To locate your states minimum requirements, visit your state department of insurance website for official figures. Simply search (your state) + insurance department to locate the official website address.
It is important to remember that it is highly unlikely that your states minimum requirements will cover damages to your Volvo XC90. As a result, most auto insurance providers will strongly recommend purchasing higher coverages than the minimum. If you need a starting point, here it is: according to data provided by Vincentric - Data & Reports, the average cost for auto insurance during the first year of ownership for your 2010 Volvo XC90 is estimated at $1,132. As the value of your vehicle decreases, so will your auto insurance premium. During the second year of ownership, the average cost for Volvo XC90 insurance is $1,120. The third will average $1,108, the fourth will average $1,097, and the fifth year will average $1,086. This brings the average five-year cost to $5,543. While this figure represents the average cost for auto insurance for the XC90, it is not necessarily the price you will pay. Auto insurance providers will consider age, gender, employment, address, credit history, driving history, number of drivers, and many other factors to determine your premium.
If you would like to save on auto insurance, be sure to have any safe driver or defensive driver certificates on hand, a list of added safety features, and any other vehicles you would like to add to your policy. This could help you save up to 15%.
Michelle Burton is a published author and contributing editor for Auto Insurance Tips
, Trouvé Media, Internet Brands, and Publications International, Ltd.