Trying to find low-cost insurance for a Volvo XC60 in Colorado can be a lot of work, but you can learn these tips to save time. There are both good and bad ways to shop for car insurance and you need to know the quickest way to compare rates for a Volvo and obtain the lowest possible price either online or from Aurora insurance agents.
Buying the cheapest car insurance in Aurora is actually quite easy if you know where to start. If you have insurance now or just want a better rate, use these cost-cutting techniques to get lower rates while maintaining coverages. Consumers only need to know the most efficient way to compare company rates online.
Best Volvo XC60 insurance prices in Colorado
The providers in the list below have been selected to offer quotes in Colorado. To find the best cheap auto insurance in CO, we recommend you visit two to three different companies to get a more complete price comparison.
Insurance statistics and figures
The rate information shown next highlights different insurance costs for Volvo XC60 models. Having a good understanding how premiums are formulated can assist in making decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC60 3.2 2WD | $212 | $416 | $388 | $22 | $116 | $1,154 | $96 |
| XC60 3.2 AWD | $240 | $416 | $388 | $22 | $116 | $1,182 | $99 |
| XC60 T6 AWD AWD | $240 | $492 | $388 | $22 | $116 | $1,258 | $105 |
| XC60 T6-R AWD AWD | $266 | $492 | $388 | $22 | $116 | $1,284 | $107 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Estimates do not factor in specific Aurora garaging location which can increase or decrease insurance rates substantially.
Physical damage deductible comparison
One of the more difficult decisions when buying insurance is where should you set your physical damage deductibles. The following insurance rates sum up the costs and benefits when you select higher and lower coverage deductibles. The first rate comparisons uses a $100 physical damage coverage deductible and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC60 3.2 2WD | $302 | $546 | $298 | $18 | $90 | $1,279 | $107 |
| XC60 3.2 AWD | $342 | $546 | $298 | $18 | $90 | $1,319 | $110 |
| XC60 T6 AWD AWD | $342 | $644 | $298 | $18 | $90 | $1,417 | $118 |
| XC60 T6-R AWD AWD | $380 | $644 | $298 | $18 | $90 | $1,455 | $121 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XC60 3.2 2WD | $220 | $368 | $298 | $18 | $90 | $994 | $83 |
| XC60 3.2 AWD | $250 | $368 | $298 | $18 | $90 | $1,024 | $85 |
| XC60 T6 AWD AWD | $250 | $434 | $298 | $18 | $90 | $1,090 | $91 |
| XC60 T6-R AWD AWD | $278 | $434 | $298 | $18 | $90 | $1,118 | $93 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Premium costs do not factor in specific garaging location which can alter price quotes substantially.
Based on the figures above, using a $100 deductible costs an average of $26 more each month or $312 each year averaged for all XC60 models than opting for the higher $500 deductible. Because you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to go at a minimum 15 months between claim filings, you would save money if you choose the higher deductible.
Calculate savings of higher deductibles
| Average monthly premium for $100 deductibles: | $114 |
| Average monthly premium for $500 deductibles (subtract): | – $88 |
| Monthly savings from raising deductible: | $26 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $26 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 15 months |
An important thing to remember is that increasing deductibles to save money means you pay more out-of-pocket when you file a claim. That will force you to have some available funds in order to pay more for the deductible.
Difference between liability only and full coverage rates
The illustration below compares Volvo XC60 yearly insurance costs when comparing full coverage to liability only. The prices are based on no violations or claims, $100 deductibles, drivers are not married, and no discounts are applied.
When to drop comprehensive and collision coverage
There is no set rule of when to phase out full coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.
For example, let’s pretend your Volvo XC60 replacement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would receive is $3,000 after you pay the deductible. If premium cost is more than $300 annually to have full coverage, then you might consider buying liability only.
There are some circumstances where dropping physical damage coverage is not advised. If you still owe money on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not opt for liability only.
How Insurers Determine Volvo XC60 Insurance Rates
Consumers need to have an understanding of the factors that aid in calculating your premiums. If you understand what impacts premium levels, this enables informed choices that can help you get better insurance rates.
The following are some of the things used by companies to determine your rates.
Use but don’t abuse your insurance – If you’re an insured who likes to file claims you can look forward to increased rates or even have your policy non-renewed. Car insurance companies in Colorado award most affordable rates to insureds who are not frequent claim filers. Your insurance policy is intended to be relied upon for claims that pose a financial burden.
Excellent credit saves on insurance – Having a bad credit score factor in determining your rates. People with excellent credit tend to be more responsible as compared to drivers with poor credit scores. If your credit rating is lower than you’d like, you may save money insuring your Volvo XC60 by spending a little time repairing your credit.
Insurance rates and your vocation – Did you know your career choice can influence rates? Careers like judges, executives, and stock brokers have higher rates than average attributed to stressful work requirements and extremely grueling work hours. On the other hand, jobs like professors, athletes and retirees pay the least.
Bad drivers pay high prices – Attentive drivers receive lower rates as compared to those with violations. Even one citation could increase your next policy renewal twenty percent or more. Drivers who have license-revoking tickets like DUI, reckless driving or excessive speeding may find they need to file a SR-22 with their state’s department of motor vehicles in order to drive a vehicle legally.
The example below demonstrates how citations and at-fault claims can increase Volvo XC60 insurance costs for different insured age categories. The prices are based on a single female driver, comp and collision included, $500 deductibles, and no discounts are taken into consideration.
Gals tend to cost less – Over the last 50 years, statistics have shown that females tend to be a little less risky than males. This data doesn’t prove that males are worse at driving than females. Both genders have fender benders in similar percentages, but males have costlier accidents. Men also tend to get higher numbers of serious violations like DWI (DUI) or reckless driving. Young males have the highest risk to insure so they pay the highest premiums.
The diagram below shows the comparison of Volvo XC60 premium costs for male and female drivers. Data assumes no claims or driving citations, full coverage, $100 deductibles, drivers are not married, and no discounts are applied.
Cars with good safety ratings save money – Safer cars tend to have lower insurance rates. Safe vehicles help reduce the chance of injuries in an accident and lower injury rates means lower claim amounts and lower rates for you.
Insure car and home with the same company – Most companies give lower prices to buyers who buy several policies from them in the form of a multi-policy discount. Even if you already get this discount, it’s still a good idea to check prices from other companies to verify if the discount is saving money.
Insurance prices and vehicle performance – The performance level of the car, truck or SUV you own makes a significant difference in how high your rates are. Small economy passenger vehicles generally have the cheapest insurance rates, but there are many factors that impact the final cost.
The following data uses these variables: single male driver age 40, full coverage with $100 deductibles, and no discounts or violations. It compares Volvo XC60 insurance rates compared to other models that have a range of risk factors.
Volvo XC60 claim statistics – Insurers analyze the history of losses when they set coverage costs for each model. Vehicles that have higher loss trends will cost more to insure. The data below shows the actual insurance loss data for Volvo XC60 vehicles.
For each insurance policy coverage type, the claim amount for all vehicles, without regard to make or model, equals 100. Numbers under 100 suggest a better than average loss history, while numbers shown that are more than 100 indicate more frequent losses or statistically larger losses.
| Specific Volvo Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Volvo XC60 4dr 2WD | 79 | 74 | 70 | 60 | 53 | 55 |
| Volvo XC60 4dr 4WD | 93 | 82 | 75 | 66 | 64 | 57 |
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Take advantage of these discounts
Some insurers do not advertise every available discount very clearly, so the following is a list of both the well known as well as some of the hidden discounts that may be available.
- Use Seat Belts – Drivers who require all vehicle occupants to wear their seat belts can save up to 15% on medical payment and PIP coverage.
- Paperless Signup – Some of the larger companies give back up to $50 for signing up digitally online.
- Accident-Free Discounts – Insureds with no claims or accidents get the best car insurance rates when compared to frequent claim filers.
- Anti-lock Brake Discount – Vehicles equipped with ABS or steering control can avoid accidents so you can save 10 percent or more.
- Active Service Discounts – Being deployed with a military unit may lower your prices slightly.
It’s important to understand that many deductions do not apply to your bottom line cost. Most only apply to the cost of specific coverages such as comp or med pay. So when it seems like adding up those discounts means a free policy, it’s just not the way it works.
The diagram below compares Volvo XC60 insurance costs with and without discounts applied to the rates. The premiums are based on a female driver, no claims or violations, Colorado state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, claim-free, multi-policy, homeowner, and multi-car discounts applied.
Larger car insurance companies and their offered discounts can be found below.
- State Farm may have discounts that include Drive Safe & Save, anti-theft, good driver, multiple autos, and driver’s education.
- GEICO offers discounts including driver training, anti-lock brakes, daytime running lights, seat belt use, multi-vehicle, and military active duty.
- Allstate has savings for defensive driver, EZ pay plan discount, new car, senior citizen, 55 and retired, safe driver, and eSmart discount.
- SAFECO discounts include safe driver, multi-car, anti-lock brakes, homeowner, drive less, and accident prevention training.
- Farm Bureau has discounts for safe driver, good student, youthful driver, 55 and retired, driver training, multi-policy, and multi-vehicle.
- Progressive may include discounts for online signing, multi-policy, continuous coverage, online quote discount, good student, multi-vehicle, and homeowner.
- AAA includes discounts for pay-in-full, multi-policy, multi-car, good student, good driver, and AAA membership discount.
When quoting, ask each insurance company the best way to save money. All car insurance discounts may not apply to policies in every state.
Do I need a local insurance agent?
Many people just prefer to visit with an insurance agent and we recommend doing that Professional agents can make sure you are properly covered and help you file claims. An additional benefit of getting free rate quotes online is you can get cheap insurance quotes and still choose a local agent.
Once you complete this simple form, the quote information is submitted to agents in your area that provide free Aurora car insurance quotes to get your business. You don’t have to leave your house since price quotes are sent to your email. If you have a need to get a price quote from a specific insurance provider, don’t hesitate to go to their quote page and give them your coverage information.
Finding a good company requires you to look at more than just the premium amount. These are some valid questions you should ask.
- Are they able to influence company decisions when a claim is filed?
- Will you get a loaner vehicle if you car is being repaired?
- Do they get extra compensation for selling add-on coverages?
- Does the agency provide any after hours assistance?
- What will you get paid if your car is a total loss? How is that amount determined?
- Does the agency have a current Errors and Omissions policy?
- Which company do they place the most coverage with?
When finding a reliable agent, you must know there are a couple different agency structures and how they function. Agents in Aurora can be categorized as either independent agents or exclusive agents depending on their employer. Either type can insure your vehicles properly, but we need to point out the difference in the companies they write for since it could factor into your agent selection.
Exclusive Insurance Agencies
These agents generally can only insure with one company like American Family, State Farm, and AAA. These agents are unable to compare other company’s rates so they have no alternatives for high prices. These agents are well schooled on their company’s products which aids in selling service over price. Consumers sometimes choose to use a exclusive agent mainly due to high brand loyalty rather than low price.
Shown below are exclusive agencies in Aurora that are able to give price quote information.
- Mark Vissering – State Farm Insurance Agent
1852 S Havana St – Aurora, CO 80012 – (303) 745-0034 – View Map - Allstate Insurance: Norma Contreras
4272 S Chambers Rd – Aurora, CO 80014 – (303) 699-3327 – View Map - State Farm: Joel Kruschwitz
9801 E Colfax Ave – Aurora, CO 80010 – (303) 344-1175 – View Map
Independent Agents
Agents that elect to be independent are not locked into one company so they can insure your vehicles with an assortment of companies and find you the best rates. If they find a cheaper price, the agent simply finds a different carrier and that require little work on your part.
When searching for an agent, it’s recommended you check rates from several independent insurance agents to get the most accurate price comparison. Many write coverage with less well-known companies who may have lower rates.
Listed below are Aurora independent insurance agencies willing to provide price quotes.
- A Complete Auto Insurance Agency
543 Sable Blvd – Aurora, CO 80011 – (303) 650-0060 – View Map - MG Insurance Brokers Llc
2600 S Parker Rd # 263 – Aurora, CO 80014 – (303) 309-6200 – View Map - A Complete Home and Auto Insurance Agency
1080 S Sable Blvd – Aurora, CO 80012 – (303) 344-2886 – View Map
If you receive answers to your satisfaction as well as a affordable price, you may have found an auto insurance agent that can adequately provide insurance. It’s important to know that it’s your policy and you can cancel coverage whenever you wish so never feel you are locked into your new company for any length of time.
How to know if you need help
When buying your policy for your personal vehicles, there really is not a perfect coverage plan. Every situation is different.
Here are some questions about coverages that could help you determine whether your personal situation would benefit from professional advice.
- Are rock-chip repairs free?
- How much coverage applies to personal belongings?
- When should I remove comp and collision on my Volvo XC60?
- Who is covered by my policy?
- What if I owe more than I can insure my car for?
- What if a claim settlement is too low?
- If I drive on a suspended license am I covered?
If you don’t know the answers to these questions, you may need to chat with an insurance agent. To find an agent in your area, complete this form. It is quick, free and can provide invaluable advice.
Keep this in mind when shopping around
People change insurance companies for any number of reasons including an unsatisfactory settlement offer, extreme rates for teen drivers, high rates after DUI convictions or even lack of trust in their agent. Whatever your reason, finding the right car insurance provider is not as difficult as it may seem.
When trying to cut insurance costs, do not sacrifice coverage to reduce premiums. In many instances, drivers have reduced physical damage coverage only to find out that their decision to reduce coverage ended up costing them more. The ultimate goal is to get the best coverage possible at the best possible price while not skimping on critical coverages.
A few companies do not provide rates over the internet and usually these small, regional companies only sell through independent insurance agencies. The cheapest Volvo XC60 insurance in Aurora is available on the web as well as from independent agents in Aurora, and you need to comparison shop both to get a complete price analysis.
How to find affordable Volvo XC60 insurance in Aurora
The best way we recommend to get more affordable Volvo XC60 insurance is to start comparing prices yearly from companies who sell insurance in Aurora. Rate comparisons can be done by completing these steps.
- Spend some time learning about how companies set rates and the things you can control to lower rates. Many risk factors that result in higher prices like speeding tickets, careless driving and a bad credit rating can be eliminated by making small lifestyle or driving habit changes.
- Compare rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can give quotes from a single company like GEICO or Allstate, while agents who are independent can provide price quotes from multiple companies.
- Compare the new quotes to your existing rates to determine if you can save on XC60 insurance. If you find a better price and decide to switch, ensure coverage does not lapse between policies.
- Notify your current company to cancel your current policy and submit a signed application and payment for the new policy. Don’t forget to keep the new certificate verifying proof of insurance in your glove compartment.
The critical component of shopping around is that you’ll want to compare the same level of coverage on every quote and to quote with as many companies as possible. This ensures a fair rate comparison and the best rate selection.
Additional car insurance information is available on the following sites:
- Reducing Your Risks in a Car Crash Video (iihs.org)
- What Insurance is Cheapest for First-time Drivers in Aurora? (FAQ)
- Who Has Cheap Auto Insurance Quotes for a Toyota Camry in Aurora? (FAQ)
- Who Has Affordable Aurora Auto Insurance for Electric Cars? (FAQ)
- How Much are Aurora Auto Insurance Rates for a Learners Permit? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Low Income Drivers in Aurora? (FAQ)
- Vehicle Safety Ratings (iihs.org)
- Safe Vehicles for Teens (iihs.org)
- Learn About Car Insurance (GEICO)