Cheap Insurance for a Volvo XC60 in Laredo

It takes a little time, but the best way to save on car insurance rates is to regularly compare price quotes from insurers in Laredo.

  1. Take a few minutes and learn about what is in your policy and the changes you can make to keep rates down. Many things that result in higher rates like traffic violations, accidents, and poor credit history can be rectified by making minor changes to your lifestyle.
  2. Compare prices from direct, independent, and exclusive agents. Direct and exclusive agents can only give rate quotes from one company like Progressive or Farmers Insurance, while independent agencies can provide prices for a wide range of companies. Get quotes now
  3. Compare the new rate quotes to your current policy premium and determine if there is any savings. If you find a better price, make sure there is no lapse between the expiration of your current policy and the new one.
  4. Give notification to your current company to cancel your current car insurance policy and submit the application along with any required down payment to the new company. Immediately upon receiving it, put the new proof of insurance certificate in a readily accessible location in your vehicle.

One thing to point out is to use the same deductibles and limits on every quote and to quote with every company you can. Doing this helps ensure an accurate price comparison and the most accurate and complete price analysis.

Insurance for Volvo XC60A recent survey discovered that the vast majority of drivers have remained with the same auto insurance company for a minimum of four years, and 38% of drivers have never compared auto insurance rates at all. Many consumers in Laredo could save roughly 70% a year just by comparing rates, but they don’t believe the large savings they would see if they changed companies.

Buying the cheapest car insurance in Laredo is not that difficult as long as you know where to start. If you currently have car insurance, you will most likely be able to lower your rates using the following tips. But Texas car owners need to have an understanding of how big insurance companies calculate your car insurance rates because it can help you find the best coverage.

Ways to get Volvo XC60 insurance rate quotes in Laredo

When quoting auto insurance, remember that comparing more prices will enable you to find more affordable rates. Some insurance companies are not set up to provide Laredo XC60 insurance quotes online, so it’s important to also get price quotes on coverage from those companies, too.

The following companies are our best choices to provide free quotes in Texas. If you want the best car insurance in Laredo, it’s a good idea that you get rate quotes from several of them to get a more complete price comparison.

Statistics and details

The rate table shown below highlights different coverage costs for Volvo XC60 models. Understanding how auto insurance prices are formulated can aid in making informed coverage decisions.


Volvo XC60 Insurance Rates in Laredo, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC60 3.2 2WD $294 $496 $324 $20 $96 $1,230 $103
XC60 3.2 AWD $332 $496 $324 $20 $96 $1,268 $106
XC60 T6 AWD AWD $332 $584 $324 $20 $96 $1,356 $113
XC60 T6-R AWD AWD $370 $584 $324 $20 $96 $1,394 $116
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Prices do not factor in specific location which can impact prices noticeably.

Physical damage deductibles: Should you raise them?

When comparing auto insurance rates, the most common question is which comprehensive and collision deductibles to buy. The rates below can help show the differences in price of buying low and high comp and collision deductibles. The first rate table uses a $100 physical damage deductible and the second price table uses a $500 deductible.


Volvo XC60 insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC60 3.2 2WD $328 $592 $324 $20 $96 $1,385 $115
XC60 3.2 AWD $370 $592 $324 $20 $96 $1,427 $119
XC60 T6 AWD AWD $370 $698 $324 $20 $96 $1,533 $128
XC60 T6-R AWD AWD $412 $698 $324 $20 $96 $1,575 $131
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Volvo XC60 insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC60 3.2 2WD $240 $400 $324 $20 $96 $1,080 $90
XC60 3.2 AWD $270 $400 $324 $20 $96 $1,110 $93
XC60 T6 AWD AWD $270 $472 $324 $20 $96 $1,182 $99
XC60 T6-R AWD AWD $300 $472 $324 $20 $96 $1,212 $101
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Prices do not factor in vehicle garaging location which can modify coverage prices substantially.

We can derive from the above data that using a $100 deductible costs about $27 more each month or $324 every year than quoting the higher $500 deductible. Since you would have to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you normally average at a minimum 15 months between claims, you would come out ahead if you choose the higher deductible.

How to calculate when to raise deductibles

Average monthly premium for $100 deductibles: $123
Average monthly premium for $500 deductibles (subtract): – $96
Monthly savings from raising deductible: $27
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One thing to be aware of is that raising deductibles to get cheaper rates means you pay more out-of-pocket when you have a claim. That will require some extra savings in the event you have to pay more for the deductible.

The chart below shows how choosing a deductible and can impact Volvo XC60 insurance costs for different age groups of insureds. The data assumes a single male driver, full physical damage coverage, and no additional discounts are factored in.

Volvo XC60 insurance rates: Men versus women

The illustration below compares Volvo XC60 insurance costs for male and female drivers. The prices are based on no driving violations, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, marital status is single, and no other discounts are factored in.

Cost of full coverage in Laredo

The illustration below compares Volvo XC60 car insurance costs with full physical damage coverage compared to only buying liability only. The information is based on no violations or accidents, $100 deductibles, marital status is single, and no discounts are applied.

When to eliminate full coverage

There is no set guideline to eliminate full coverage on your policy, but there is a general school of thought. If the annual cost of coverage is more than 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s say your Volvo XC60 settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $5,000 after the policy deductible has been paid. If it’s costing in excess of $500 a year for physical damage coverage, then you may want to consider only buying liability coverage.

There are some cases where dropping physical damage coverage is not a good idea. If you still owe a portion of the original loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.

Smart Buyers Can Save Money

Many factors are considered when quoting car insurance. Some are obvious such as your driving history, but other criteria are less apparent such as whether you are married or your vehicle rating. A large part of saving on insurance is knowing some of the elements that play a part in calculating your insurance rates. If you have some idea of what determines premiums, this empowers consumers to make smart changes that could help you find cheaper rates.

Listed below are some of the major factors insurance companies consider when setting rates.

Three main reasons to buy auto insurance

Despite the high insurance cost for a Volvo XC60 in Laredo, insuring your vehicle is not optional due to several reasons.

The benefits of insuring your car greatly outweigh the cost, particularly for liability claims. Today the average American driver overpays more than $830 a year so it’s very important to do a rate comparison at least once a year to save money.

Ratings for Laredo car insurance companies

Picking the highest-rated car insurance company is difficult considering how many choices drivers have in Laredo. The company ratings listed below could help you choose which insurers you want to consider comparing rates from.

Top 10 Laredo Car Insurance Companies by A.M. Best Rank

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Titan Insurance – A+
  6. Esurance – A+
  7. Progressive – A+
  8. The Hartford – A+
  9. Allstate – A+
  10. Nationwide – A+

Top 10 Laredo Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive