2006 Cadillac STS-V Insurance Cost – 5 Tricks for Cheaper Prices

Looking for lower auto insurance rates for your Cadillac STS-V? If you’re looking for cheaper insurance online, do you get overwhelmed by the crazy number of auto insurance sources? consumers have such a vast assortment of sources available that it can be a burden to compare prices.

Buying car insurance is not rocket science. Essentially anyone who buys auto insurance should be able to find better rates. Nevertheless, vehicle owners need to learn how companies compete online.

How to compare car insurance quotes

When shopping for inexpensive auto insurance quotes, there are a couple of ways to get quotes from many car insurance companies in your state. One of the best ways to do a complete rate comparison consists of obtaining rate quotes online. This is quite simple and can be completed in just a few minutes using one of these methods.

1. One of the fastest ways to get the best comparison quotes would be an industry-wide quote request form click to view form in new window. This method keeps you from doing separate forms for every prospective company. One simple form gets prices estimates from multiple low-cost companies. Recommended for those who want to invest the least amount of time.
2. Another way to obtain and compare quotes online is spending the time to visit each individual company website to complete their respective quote request forms. For sake of this example, let’s say you want comparison quotes from Farmers, State Farm and Geico. To get rate quotes you would need to spend time on each company’s site to enter the same coverage data repeatedly, which is not fast way to get rate quotes.

   For a list of links to insurance companies in your area, click here.

3. The most time-consuming way to compare price estimates is driving to different agent offices. Comparing online rate quotes makes this unnecessary unless you have a complicated situation and need the peace of mind only provided by licensed agents. It is possible to comparison shop online but have your policy serviced through an agent.

However you get your quotes, double check that you are using apples-to-apples coverage limits with every price quote. If your comparisons have different limits and deductibles on each one it’s not possible to find the best deal for your Cadillac STS-V. Even a minor difference in coverage limits can make a big difference in price. And when comparison shopping, comparing more quotes gives you a better chance of getting the best rates. Not every company allows you to get quotes online, so you also need to get prices from them, too.

When should I discuss my situation with an agent?

When it comes to buying adequate coverage, there really is no cookie cutter policy. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that may help you determine if your situation might need an agent’s assistance.

• Why am I required to buy liability insurance?
• Do I need replacement cost coverage?
• Does my 2006 Cadillac STS-V qualify for pleasure use?
• Why am I required to get a high-risk car insurance policy?
• Is my teen driver covered when they drive my company car?
• Am I covered when renting a car or should I buy coverage from the car rental agency?
• At what point should I drop full coverage?

If you can’t answer these questions but a few of them apply, you might consider talking to an agent. If you don’t have a local agent, simply complete this short form.

Insurance coverage considerations

Learning about specific coverages of your policy aids in choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring.

Auto collision coverage

This coverage covers damage to your STS-V caused by collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like colliding with another moving vehicle, driving through your garage door and sideswiping another vehicle. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Drivers also have the option to increase the deductible to bring the cost down.

Comprehensive protection

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like hitting a deer, vandalism, fire damage, theft and damage from a tornado or hurricane. The most your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Medical expense coverage

Coverage for medical payments and/or PIP pay for expenses for things like EMT expenses, ambulance fees, hospital visits, chiropractic care and funeral costs. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers you and your occupants and will also cover if you are hit as a while walking down the street. PIP is not universally available and gives slightly broader coverage than med pay

Auto liability insurance

Liability insurance provides protection from damage or injury you incur to a person or their property by causing an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability coverage pays for claims such as structural damage, court costs, bail bonds and repair costs for stationary objects. How much coverage you buy is your choice, but you should buy higher limits if possible.