2004 Cadillac SRX Insurance Rates

Searching for the cheapest auto insurance rates? Consumers have many options when looking for the lowest priced Cadillac SRX insurance. They can either waste time struggling with agents to compare prices or utilize the internet to find the lowest rates.

There is a right way and a wrong way to compare auto insurance rates so you’re going to learn the best way to price shop coverage for your Cadillac and obtain the best price possible.

Consumers need to do rate comparisons on a regular basis since insurance rates tend to go up over time. Even if you think you had the lowest premium rates for SRX coverage six months ago you will most likely find a better price today. You can find a lot of information about auto insurance on the internet, but I’m going to show you some guaranteed methods to slash your auto insurance rates.

Insurance quotes comparison

Cutting your insurance rates is surprisingly easy. Drivers just need to spend a few minutes on the computer to compare rate quotes to see which company has affordable insurance coverage quotes. You can get a good selection of rate quotes using one of these methods.

1. The simplest way to get quotes for comparison is to use a rate comparison form like this one (opens in new window). This easy form eliminates the need for multiple quote forms for every company. One simple form gets coverage cost estimates from multiple low-cost companies. This is by far the quickest method.
2. A different way to get comparison quotes requires a visit to each individual company website and fill out their own quote form. For example, let’s say you want rates from USAA, Farmers and Geico. To get each rate you have to go to every website to enter the same coverage data repeatedly, which can get old fast. For a list of links to companies insuring cars in your area, click here.

It’s your choice how you get your quotes, but make darn sure you compare equivalent deductibles and coverage limits on every quote. If each company quotes different data you will not be able to decipher which rate is best.

How you can control Cadillac SRX insurance costs

Multiple criteria are taken into consideration when quoting car insurance. A few of the factors are predictable such as your driving history, although others are not quite as obvious like where you live or how safe your car is.Consumers need to have an understanding of the different types of things that play a part in calculating car insurance rates. When consumers understand what influences your rates, this enables you to make decisions that could result in lower car insurance prices.

Shown below are just a few of the factors companies use to determine your premiums.

• Avoid coverage lapses – Not having insurance is against the law and car insurance companies will penalize you for letting your insurance lapse for non-payment. In addition to paying higher rates, the inability to provide proof of insurance could result in a steep fine or even jail time. You will then be forced to prove you have insurance by filing a SR-22 with your state motor vehicle department.
• Poor driving habits means higher rates – Your driving record has a huge affect on how much you pay. Careful drivers get better prices compared to bad drivers. Getting just one ticket can boost insurance rates by as much as thirty percent. Drivers with multiple violations like DWI, reckless driving or hit and run convictions are required to file a SR-22 with their state’s licensing department in order to legally drive a vehicle.
• Avoid unnecessary incidental coverages – Policies have additional coverages that sound like a good idea at the time if you aren’t diligent. Add-on coverages like personal injury protection, accidental death, and term life insurance are examples of these. They may sound like good ideas when buying your policy, but your needs may have changed so remove them from your policy.
• Urban residents pay more – Being located in a rural area is a good thing when shopping for auto insurance. Urban drivers regularly have more auto accidents and more time behind the wheel. Fewer drivers on the road translates into fewer accident claims in addition to lower liability claims
• Save by driving safer vehicles – Safer cars are cheaper to insure. Highly rated vehicles result in less severe injuries and reduced instances of injuries translates into fewer and smaller insurance claims and more competitive rates for policyholders. If your Cadillac SRX scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may pay a lower rate.
• Insure car and home with the same company – The majority of insurance companies allow lower prices to policyholders that purchase more than one policy. It’s known as a multi-policy discount. Even with this discount, drivers will still want to get quotes from other companies to make sure you are getting the best deal.

Lower rate quotes with these auto insurance discounts

Some providers don’t always publicize the complete list of policy discounts in a way that’s easy to find, so the following is a list of a few of the more well known and also the lesser-known discounts that you can inquire about if you buy insurance coverage online. If you check and find you aren’t receiving every discount possible, you could be getting lower rates.

• Discounts for Federal Employees – Simply working for the federal government could provide a small rate reduction for SRX coverage depending on your company.
• E-sign Discounts
• Homeowners Discount – Simply owning a home may trigger a policy discount on auto insurance because maintaining a house means you have a higher level of financial diligence.
• New Vehicle Savings – Adding a new car to your policy can cost up to 25% less because new model year vehicles have to meet stringent safety requirements.
• Discounts for Responsible Drivers – Accident-free drivers can save up to 40% or more on their insurance coverage quote for SRX coverage as compared to drivers with claims.
• Good Students Pay Less – Excelling in school can save 20 to 25%. You can use this discount normally up to age 25.
• Professional Memberships – Being in qualifying clubs or civic groups could qualify you for a break on your next auto insurance statement.
• Passive Restraint Discount – Vehicles equipped with air bags may qualify for discounts of 20 to 30 percent.
• Seat Belts Save – Requiring all passengers to use their safety belts can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.

It’s important to understand that most of the big mark downs will not be given to your bottom line cost. A few only apply to specific coverage prices like physical damage coverage or medical payments. If you do the math and it seems like you would end up receiving a 100% discount, you won’t be that lucky.

Large auto insurance companies and some of their more popular discounts are outlined below.

• Travelers policyholders can earn discounts including continuous insurance, good student, save driver, driver training, and new car.
• 21st Century has discounts for 55 and older, driver training, theft prevention, early bird, anti-lock brakes, and teen driver.
• State Farm offers premium reductions for accident-free, anti-theft, defensive driving training, student away at school, good student, Drive Safe & Save, and good driver.
• Geico may offer discounts for seat belt use, membership and employees, five-year accident-free, emergency military deployment, multi-policy, anti-lock brakes, and federal employee.
• SAFECO offers discounts including teen safety rewards, anti-theft, safe driver, multi-car, bundle discounts, and accident prevention training.
• AAA has savings for multi-car, education and occupation, multi-policy, pay-in-full, good driver, and good student.

If you need lower rates, check with every prospective company which discounts can lower your rates. Discounts may not be available in your area.

Car insurance can get complicated

When it comes to buying coverage for your personal vehicles, there isn’t really a one size fits all plan. Every situation is different.

For example, these questions might help in determining if your situation might need professional guidance.

• When would I need rental car insurance?
• Is my Cadillac SRX covered if I use it for business?
• Does my 2004 Cadillac SRX need full coverage?
• What is medical payments coverage?
• Does my policy cover me when driving someone else’s vehicle?
• Do I need PIP coverage since I have good health insurance?
• Do I need replacement cost coverage on my 2004 Cadillac SRX?
• Can I pay claims out-of-pocket if I buy high deductibles?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you don’t have a local agent, complete this form. It is quick, free and can help protect your family.

Insurance coverage options for a Cadillac SRX

Learning about specific coverages of a insurance policy can be of help when determining the best coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Auto liability

This protects you from damage that occurs to people or other property by causing an accident. It protects YOU from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for things like emergency aid, repair bills for other people’s vehicles, medical services and bail bonds. How much coverage you buy is a personal decision, but you should buy as large an amount as possible.

Collision insurance

Collision coverage pays for damage to your SRX from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as driving through your garage door, colliding with another moving vehicle, damaging your car on a curb and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Comprehensive coverage

This coverage covers damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as fire damage, hail damage, hitting a deer and damage from flooding. The most your insurance company will pay is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. It can pay for hospital bills for your injuries and also any damage incurred to your Cadillac SRX.

Because many people carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP reimburse you for expenses like nursing services, rehabilitation expenses and X-ray expenses. They are often used to fill the gap from your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Find Good Coverage for Less

Some car insurance companies may not offer online quoting and most of the time these smaller providers only sell through independent agents. Budget-conscious 2004 Cadillac SRX insurance is definitely available on the web and from local agencies, so you should be comparing quotes from both to have the best chance of lowering rates.

We just covered a lot of techniques to compare 2004 Cadillac SRX insurance rates online. The key thing to remember is the more companies you get auto insurance rates for, the better your comparison will be. Drivers may discover the lowest rates come from a company that doesn’t do a lot of advertising.

When shopping online for car insurance, don’t be tempted to buy less coverage just to save a little money. In many instances, an insured dropped uninsured motorist or liability limits and found out when filing a claim they didn’t purchase enough coverage. Your goal is to buy enough coverage at an affordable rate, but don’t skip important coverages to save money.

Additional information is located at these links:

• What is a Telematics Device? (Allstate)
• Five Mistakes to Avoid (Insurance Information Insitute)
• Medical Payments Coverage (Liberty Mutual)
• Five Tips to Save on Auto Insurance (Insurance Information Insitute)
• Protecting Teens from Drunk Driving (Insurance Information Insitute)
• No-Fault Auto Insurance Statistics (Insurance Information Insitute)