Compare 2007 Cadillac STS-V Insurance Quotes

Scraping up a payment for overpriced Cadillac STS-V insurance can stress out your budget and put the squeeze on your family’s finances. Comparing rate quotes can be a smart way to reduce premiums and put more money in your pocket.

There are many insurers to choose from, and although it’s a good thing to be able to choose, it makes it harder to compare company pricing.

Cut your car insurance rates with discounts

Insuring your fleet can be pricey, but there may be some discounts to help offset the cost. Some discounts will apply when you quote, but some discounts are required to be manually applied before you get the savings.

• No Claim Discounts – Insureds who avoid accidents and claims get the best car insurance rates compared to drivers with a long claim history.
• Smart Student Discounts – A discount for being a good student can get you a discount of up to 25%. You can use this discount normally up to age 25.
• Save with a New Car – Putting coverage on a new car can be considerably cheaper since newer models have better safety ratings.
• Pay Early and Save – If you pay your entire premium ahead of time instead of making monthly payments you may have a lower total premium amount.
• Theft Prevention System – Cars and trucks equipped with anti-theft or alarm systems are stolen less frequently and that can save you a little bit as well.
• Switch and Save Discount – A few car insurance companies offer discounts for switching to them before your current policy expires. It can save you around 10%.
• Low Miles Discount – Driving less could be rewarded with lower rates on the low mileage vehicles.
• Distant Student Discount – who live away from home to go to college and leave their car at home could get you a discount.

A little disclaimer on discounts, some of the credits will not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as comprehensive or collision. So despite the fact that it appears all those discounts means the company will pay you, it’s just not the way it works.

To see a list of car insurance companies who offer discounts, follow this link.

Compare auto insurance price quotes

There are multiple methods to shop for auto insurance, but one way is more efficient than others. You could waste time driving to insurance companies in your area, or you can utilize online quoting to get the quickest rates.

Many popular insurance companies belong to a marketplace where prospective buyers send in one quote, and each participating company then gives them pricing based on that data. This eliminates the need for quote forms for each company. To fill out one form to compare multiple rates now click here (opens in new window).

One minor caviat to pricing coverage this way is buyers cannot specifically choose which carriers you want to price. If you wish to select individual companies to compare prices, we have assembled a list of auto insurance companies in your area. Click here to view list.

The method you choose is up to you, but double check that you are using equivalent information with every price quote. If you use different coverage information then you won’t be able to find the best deal for your Cadillac STS-V. Just slight variations in coverages could throw off the whole comparison. And when comparison shopping, comparing more company’s prices will enable you to find the best rates. Some smaller insurers to not give quotes online, so you need to compare rates from them as well.

Smart buyers know how to get car insurance more affordably

When buying car insurance it’s important to understand some of the elements that go into determining car insurance rates. If you know what impacts premium levels, this enables you to make decisions that may result in much lower annual insurance costs.

The list below includes some of the most rate-impacting factors car insurance companies consider when setting your rates.

• Keep car insurance claims to a minimum – If you file a lot of claims you can definitely plan on either policy cancellation or increased premiums. Auto insurance companies award cheaper rates to policyholders who do not rely on their insurance for small claims. Insurance coverage is intended for more catestrophic claims.
• How credit rating affects car insurance premiums – Having a bad credit history can be an important factor in determining your rates. People that have very high credit ratings tend to be more responsible than drivers with bad credit. Therefore, if your credit could use some work, you could save money insuring your 2007 Cadillac STS-V if you improve your credit rating.
• Long commutes cost more – The higher the mileage driven in a year’s time the higher your rate. A lot of insurance companies apply a rate based upon how you use the vehicle. Autos not used for work or commuting receive lower rates than those used for commuting. It’s a smart idea to ensure your vehicle rating is showing the right rating data, because improper ratings can cost you money. Improper usage on your STS-V may be costing you.
• Big cities mean more claims – Having an address in small towns and rural areas has definite advantages when talking about car insurance. Drivers in populated areas tend to have congested traffic and a longer drive to work. Fewer drivers means less chance of accidents as well as less vandalism and auto theft.
• Cheaper car insurance rates using GPS tracking and theft deterrents – Choosing to buy a car with an alarm system can save you a little every year. Anti-theft features like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all hinder your vehicle from being stolen.
• Insurance prices and driver gender – Statistics show females are less aggressive when driving. It does not mean women are BETTER drivers than men. Women and men have fender benders at about the same rate, but guys have accidents that have higher claims. They also receive more costly citations such as reckless driving. Teenage male drivers cause the most accidents and therefore pay the highest rates.

You are unique and your car insurance should be too

When it comes to choosing the right insurance coverage for your vehicles, there isn’t really a “best” method to buy coverage. Every situation is different so your insurance should reflect that These are some specific questions may help you determine if you would benefit from professional advice.

• When do I need to add a new car to my policy?
• Am I missing any policy discounts?
• Should I buy only the required minimum liability coverage?
• Am I covered if I drive in a foreign country?
• Will I lose any money if I cancel my policy before it expires?
• Is my teenager covered with friends in the car?

If it’s difficult to answer those questions, you might consider talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier

Insurance policy specifics

Learning about specific coverages of a insurance policy can help you determine appropriate coverage for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverage types found on most insurance policies.

Coverage for liability – This coverage can cover damage that occurs to other people or property in an accident. This coverage protects you against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for things like emergency aid, medical expenses, loss of income, court costs and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Collision – This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for things like backing into a parked car, crashing into a building and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to choose a higher deductible to bring the cost down.

Medical expense insurance – Med pay and PIP coverage provide coverage for expenses such as chiropractic care, X-ray expenses and hospital visits. They can be used to fill the gap from your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants as well as being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Protection from uninsured/underinsured drivers – Your UM/UIM coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as damage to your Cadillac STS-V.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently these coverages do not exceed the liability coverage limits.

Comprehensive (Other than Collision) – Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like falling objects, a broken windshield, damage from a tornado or hurricane, a tree branch falling on your vehicle and fire damage. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Stretch your dollar

When you buy auto insurance online, you should never reduce coverage to reduce premium. In too many instances, someone dropped collision coverage only to find out that the few dollars in savings costed them thousands. Your focus should be to purchase a proper amount of coverage at an affordable rate but still have enough coverage for asset protection.

Affordable 2007 Cadillac STS-V insurance is possible online and from local insurance agents, and you need to comparison shop both to have the best rate selection. Some insurance coverage companies do not provide online rate quotes and usually these small, regional companies work with independent insurance agents.

To read more, feel free to browse these articles:

• Insurance Losses by Make and Model (iihs.org)
• Teen Driver Statistics (Insurance Information Insitute)
• Car Insurance for Teen Drivers with Divorced Parents (Allstate)
• Car Insurance FAQ (Trusted Choice)