No one in their right mind looks forward to buying auto insurance, especially when it costs too dang much. Vehicle owners have so many insurers to choose from, and even though it’s nice to have multiple companies, having more car insurance companies makes it harder to compare rates and find the lowest cost auto insurance.
It’s smart to get comparison quotes quite often because insurance prices are constantly changing. Even if you think you had the best rate for CTS insurance at your last renewal you may be paying too much now. Forget anything you know (or think you know) about auto insurance because you’re going to learn the best methods to find better rates and still maintain coverage.
The quickest way to compare rate quotes is to realize all the major auto insurance companies pay for the opportunity to provide you with a free rate quote. All you need to do is give the companies some data such as if the car is leased, whether you drive to work or school, if you went to college, and if you are currently licensed. Those rating factors is instantly sent to multiple different insurance companies and you receive quotes instantly to find the best rate.
Companies offering auto insurance don’t always publicize all possible discounts very well, so here is a list both the well known and also the lesser-known credits that may apply to you.
Don’t be surprised that some of the credits will not apply to the entire cost. Some only reduce individual premiums such as liability and collision coverage. Despite the appearance that you can get free auto insurance, nobody gets a free ride. Any amount of discount will definitely reduce your overall bill.
The best insurance companies and a selection of discounts are detailed below.
Before buying, ask every prospective company which discounts you may be entitled to. All car insurance discounts might not be offered on policies in your area.
The best way to find cheaper car insurance is to take a look at a few of the rating criteria that are used to determine your car insurance rates. When you know what positively or negatively positively or negatively impacts your premiums, this enables you to make decisions that will entitle you to cheaper rates.
When it comes to buying adequate coverage, there really is no perfect coverage plan. Everyone’s situation is a little different so your insurance needs to address that. For instance, these questions can help discover whether or not you would benefit from professional advice.
If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.
Consumers can’t get away from ads for cheaper car insurance from companies such as State Farm and Allstate. They all seem to have a common claim that you can save just by switching to their company.
How does each company offer you a better deal? Just pay attention to how they say it.
Insurance companies give the best rates for the type of insured that will be a good risk. A good example of a profitable risk profile might have to be between the ages of 30 and 50, has a clean driving record, and has great credit. A driver who meets those qualifications receives the best auto insurance rates and will save if they switch.
Insureds who are not a match for those criteria will probably be forced to pay higher premiums and this can result in the driver buying from a lower-cost company. If you pay close attention to the ads, they say “people that switch” not “everyone who quotes” save money. That is how companies can truthfully make it sound like they have such great prices.
Each company has different criteria, so you should get price quotes at each policy renewal. Because without a comparison, you cannot know the company that will give you lower premium rates than your current company.
Having a good grasp of insurance can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverage types offered by insurance companies.
Liability auto insurance – Liability coverage can cover damage or injury you incur to a person or their property. This coverage protects you from claims by other people, and does not provide coverage for your injuries or vehicle damage.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability coverage pays for things like loss of income, medical expenses and medical services. The amount of liability coverage you purchase is a personal decision, but consider buying higher limits if possible.
Comprehensive auto coverage – Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims such as rock chips in glass, hail damage, damage from getting keyed, hitting a bird and damage from flooding. The most a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Medical payments and PIP coverage – Coverage for medical payments and/or PIP kick in for immediate expenses for nursing services, rehabilitation expenses, prosthetic devices, surgery and pain medications. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage
UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and damage to your Cadillac CTS.
Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Normally the UM/UIM limits are set the same as your liablity limits.
Collision coverage – This will pay to fix damage to your CTS caused by collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims such as rolling your car, colliding with another moving vehicle, hitting a mailbox, backing into a parked car and hitting a parking meter. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. You can also increase the deductible to get cheaper collision coverage.
We just showed you some good ideas how to save on 2007 Cadillac CTS insurance. The key thing to remember is the more rate quotes you have, the higher your chance of finding the cheapest auto insurance. You may be surprised to find that the lowest priced auto insurance comes from the least-expected company. Smaller companies can often provide lower premium rates in certain areas than their larger competitors like State Farm or Progressive.
Low-cost 2007 Cadillac CTS insurance is possible online as well as from independent agents, and you should be comparing both so you have a total pricing picture. Some insurance providers may not provide internet price quotes and usually these small, regional companies provide coverage only through independent agents.
In Grand Rapids, MI, American Family had the best rates for my 2007 Cadillac CTS. Insured with State Farm before. I used their website to get prices.
Does Kansas require liability coverage?
Here’s my info. I’m from Hartford, CT. Got free quotes online for a 2007 Cadillac CTS. Ended up at about $340 savings annually. Went with Progressive.
Will Progressive raise rates if I file a claim?
If you have a good history and live near Baton Rouge, Louisiana, check out State Farm. They seem to be cheaper. Left Travelers to switch. You can get a rate quote online.
I live in Omaha, NE. Received prices from Progressive, American Family, and Esurance for my Cadillac and saved about $470 a year.
GEICO and State Farm had the best prices I found in South Dakota.
Nice post. Live in Dover, DE. Got car insurance quotes from Auto-Owners, Safeco, and some smaller one I can’t remember the name of for my Cadillac and saved just over $240 a year.