Cheaper 2005 Cadillac CTS Car Insurance Cost

Want the cheapest insurance coverage rates? Drivers have lots of choices when trying to find low-cost Cadillac CTS insurance. You can either waste hours calling around getting price quotes or save time using the internet to get rate quotes.

There is a right way and a wrong way to compare insurance coverage rates and you need to know the proper way to price shop coverage for a Cadillac and locate the cheapest rates.

Why you might pay higher rates

Smart consumers have a good feel for the rating factors that help calculate the price you pay for insurance. If you have a feel for what determines premiums, this enables informed choices that could result in lower insurance prices.

  • Rate your vehicle for proper use – The more you drive in a year’s time the more you’ll pay to insure your vehicle. Most companies calculate prices based on their usage. Cars used primarily for pleasure use receive better premium rates compared to those used for work or business. It’s always a good idea to double check that your insurance coverage is showing the right rating data, because improper ratings can cost you money. Having the wrong rating on your CTS can cost quite a bit.
  • Bad credit hurts insurance premiums – An insured’s credit history will be a significant factor in calculating your insurance rates. People with high credit ratings tend to be more responsible as compared to drivers with lower ratings. If your credit score leaves room for improvement, you could potentially save money when insuring your 2005 Cadillac CTS if you improve your credit rating.
  • Why do you need liability? – A critical coverage on your policy, liability insurance will protect you in the event that you are responsible for physical damage or personal injury to other. Liability insurance provides for a legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so drivers should buy more than the minimum limits required by law.
  • Low stress vocation equals lower insurance rates – Did you know that where you work can have an impact on rates? Jobs such as real estate brokers, architects and emergency personnel generally pay the highest average rates in part from job stress and long work days. Other occupations such as professors, athletes and performers have the lowest average rates on CTS coverage.
  • Single drivers take more risk – Having a significant other may earn you lower rates when shopping for insurance. Having a spouse may mean you are more mature and responsible and insurance companies reward insureds because married couples file fewer claims.
  • Can a thief steal your car? – Owning a car with an alarm system can save you some money. Anti-theft devices such as OnStar, LoJack tracking, and tamper alarms all hinder auto theft and help lower rates.

Insurance quotes comparison

Getting a cheaper price on 2005 Cadillac CTS insurance is a great way to save money. Drivers just need to take time to compare free car insurance quotes to see which company has the cheapest car insurance quotes. It is quite easy and can be accomplished by following the guidelines below.

  • The single most time-saving way to compare a lot of rates at once is a comparison rater form like this one (opens in new window). This method prevents you from having to do boring form submissions for each company you want a rate for. A single, simple form will get you rate comparisons direct from many companies. It’s definitely the quickest method.
  • A more time consuming way to get comparison quotes is to take the time to go to each company website to request a price quote. For sake of this example, let’s assume you are doing a rate comparison from Auto-Owners, Liberty Mutual and Geico. To get each rate you have to visit each site to enter the same coverage data repeatedly, which can get old fast. For a handy list of car insurance company links in your area, click here.
  • The most difficult way to find and compare rates is making phone calls or going to all the different insurance agencies. Comparing rate quotes online has made agencies unnecessary unless you have a need for the professional assistance that only a licensed agent can provide. However, consumers can compare the best prices online but have your policy serviced through an agent.

The approach you take is up to you, just ensure you’re using nearly identical quote information on every quote you get. If you compare unequal deductibles or liability limits then you won’t be able to make a fair comparison for your Cadillac CTS.

Don’t listen to company ads

Consumers can’t get away from ads that promise big savings for switching by companies like Allstate, Geico and Progressive. They all make an identical promise about savings if you just switch your car insurance policy to them.

But how can every company offer you a better deal? This is the trick they use.

Companies quote the lowest rates for the type of driver that will generate a profit. For example, a profitable customer might be described as over the age of 50, has no prior claims, and insures a new vehicle. Anyone that fits those parameters will get the preferred premium rates as well as save a lot if they switch.

Consumers who are not a match for those criteria will have to pay a higher rate with the end result being the customer buying from a different company. The ads state “customers who switch” not “all people who quote” save that much. That’s the way insurance companies can advertise the way they do.

This really emphasizes why you should get a wide range of price quotes. It is just not possible to predict with any certainty which company will have the lowest rates.

Car insurance policy discounts you can’t miss

Car insurance is not inexpensive, but you may find discounts that could drop your premiums quite a bit. A few discounts will automatically apply when you purchase, but less common discounts must be specially asked for before you get the savings.

  • Home Ownership Discount – Owning your own home or condo may trigger a policy discount on car insurance because maintaining a house means you have a higher level of financial diligence.
  • Good Student Discount – Maintaining excellent grades can get you a discount of up to 25%. The good student discount can last up until you turn 25.
  • No Claims – Drivers with accident-free driving histories get the best car insurance rates in comparison to accident-prone drivers.
  • Telematics Data – Insureds that choose to allow their car insurance company to study driving manner by installing a telematics device such as Snapshot from Progressive or Drivewise from Allstate might see lower rates if their driving habits are good.
  • Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a discounted premium rate on car insurance if you buy some life insurance too.
  • Discount for Swiching Early – A few car insurance companies allow discounts for switching companies prior to the expiration date on your current policy. Ten percent is about the average savings.

As a disclaimer on discounts, most of the big mark downs will not be given to the entire policy premium. Most only apply to the price of certain insurance coverages like comp or med pay. So when it seems like having all the discounts means you get insurance for free, you won’t be that lucky. Any amount of discount will definitely reduce the amount you pay for coverage.

Companies and their offered discounts include:

  • 21st Century has savings for teen driver, good student, automatic seat belts, air bags, 55 and older, homeowners, and driver training.
  • Progressive offers discounts for homeowner, good student, multi-vehicle, multi-policy, and online signing.
  • State Farm offers discounts including student away at school, accident-free, multiple autos, multiple policy, and passive restraint.
  • Nationwide policyholders can earn discounts including anti-theft, business or organization, defensive driving, accident-free, and Farm Bureau membership.
  • Esurance may have discounts that include defensive driver, safety device, multi-policy, paid-in-full, emergency road assistance, multi-car, and anti-theft.
  • The Hartford discounts include driver training, defensive driver, good student, vehicle fuel type, anti-theft, bundle, and air bag.

When quoting, ask all companies you are considering to apply every possible discount. Savings may not be available in every state.

Insurance agents can help

When choosing coverage for your vehicles, there is no perfect coverage plan. Every insured’s situation is different.

These are some specific questions could help you determine if your insurance needs would benefit from professional advice.

  • Is borrowed equipment or tools covered if stolen or damaged?
  • Are my tools covered if they get stolen from my vehicle?
  • Why am I required to buy high-risk coverage?
  • Am I insured when driving a different vehicle?
  • What can I do if my company won’t pay a claim?
  • What is PIP insurance?
  • Do I pay less for low miles?
  • Am I covered when using my vehicle for business?
  • How high should deductibles be on a 2005 Cadillac CTS?
  • Should I buy full coverage?

If you’re not sure about those questions, you may need to chat with an agent. To find lower rates from a local agent, simply complete this short form. It only takes a few minutes and can provide invaluable advice.

Car insurance coverages for a Cadillac CTS

Learning about specific coverages of your car insurance policy aids in choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for things like EMT expenses, hospital visits, rehabilitation expenses and funeral costs. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance

This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for things like damage from a tornado or hurricane, damage from flooding, hitting a deer and damage from getting keyed. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Collision coverage protection

Collision coverage will pay to fix damage to your CTS caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims like damaging your car on a curb, crashing into a building, hitting a mailbox and driving through your garage door. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible to bring the cost down.

Liability coverages

Liability coverage will cover damage or injury you incur to other people or property. It protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.

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 values of 50/100/50 that means you have $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Another option is a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for claims such as medical expenses, legal defense fees and repair bills for other people’s vehicles. How much coverage you buy is a personal decision, but buy higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your 2005 Cadillac CTS.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally these coverages are similar to your liability insurance amounts.

Smart shoppers get results

When shopping online for car insurance, it’s very important that you do not reduce needed coverages to save money. In many cases, someone sacrificed comprehensive coverage or liability limits and learned later that they should have had better coverage. The proper strategy is to get the best coverage possible at an affordable rate, but don’t skip important coverages to save money.

People who switch companies do it for a variety of reasons including poor customer service, questionable increases in premium, unfair underwriting practices or high prices. Regardless of your reason for switching companies, finding a new company is pretty easy and you might even save some money in the process.

Lower-priced car insurance is attainable on the web and also from your neighborhood agents, and you should compare rates from both in order to have the best chance of saving money. There are still a few companies who do not provide online rate quotes and usually these small insurance companies provide coverage only through independent agents.

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Comments About 2005 Cadillac CTS Insurance

  1. Keely Norman

    Enjoyed the article. I live just to the east of Hartford, Connecticut. I got free quotes from AAA, Encompass, and Safeco for my 2005 Cadillac CTS and saved just over $560 a year. Left Eastwood to switch. Even increased my liability limits.

  2. Hope Rodriquez

    Any companies in Charleston, West Virginia that will insure a DUI?

  3. Laurena Andrews

    Live in the western part of Overland Park, KS. Got free quotes online for a 2005 Cadillac CTS. Ended up at about $230 savings annually. Went with Allstate. Good savings if you bundle. Not sure if rates are cheaper online or through an agent.

  4. Landon Dudley

    Cheap is relative. Checking in from Atlanta, GA. Don’t remember every company but I ended up saving about $50 each month. I have several vehicles insured with them.

  5. Royce Soto

    Cheap is relative. I live in Detroit, MI. Quoted with AIG Insurance, Sentry, and Travelers for my 2005 Cadillac CTS and saved just over $560 a year.

  6. Nicholas Mclean

    Thanks for putting this site together. I live west of Huntington, WV. I got free quotes with GEICO, Amica, and some I forget for my 2005 Cadillac CTS and I’m now saving $35 a month. Insured with Eastwood before. I have kids on my policy, too. :)

  7. Kemberly Roach

    Will Progressive cancel me if I have an accident?

  8. Simone Hamilton

    Anyone buy from Amica? I’m in Rochester, NY.

  9. Glenn Klein

    Liked the article. Live in Tucson, AZ. I got free prices from USAA, AIG Insurance, Hartford, and Safeco for my CTS and I’m now saving $45 a month. Got better coverage too.

  10. Deshawn Byers

    I found cheap 2005 Cadillac CTS insurance in Bangor, Maine with 21st Century.

  11. Arlean Blevins

    Not sure what I should be paying. I live on the north side of Jacksonville, Florida. Got car insurance quotes with Allstate, AIG Insurance, and some I forget for my 2005 Cadillac CTS and saved $443 a year.

  12. Charlene Phillips

    If you have a good history and are close to Little Rock, AR, check out Allstate. They seem to be cheaper. Left Western Auto Insurance to switch. I have kids on my policy, too.