Cheaper 2008 Cadillac CTS Insurance Rates

Want cheaper insurance rates for your Cadillac CTS? There isn’t anyone who looks forward to buying insurance, in particular when the cost is too high.

Due to the increasing number of companies to choose from, it can be challenging to find the lowest cost insurance company.

You should make it a habit to check insurance prices quite often because insurance prices change quite often. Even if you think you had the best rate for CTS coverage a couple years back the chances are good that you can find a lower premium rate today. Forget anything you know (or think you know) about insurance because I’m going to teach you the only way to save money, get proper coverage and the best rates.

Don’t overlook these insurance discounts

The price of auto insurance can be rather high, but you can get discounts that could help you make your next renewal payment. Many discounts should be triggered at the time of purchase, but lesser-known reductions have to be specifically requested prior to receiving the credit.

• Telematics Data Discounts – Drivers who elect to allow their insurance company to look at their driving habits by using a telematics device in their vehicle such as Progressive’s Snapshot could see a rate decrease as long as they are good drivers.
• Anti-theft Discount – Cars equipped with anti-theft or alarm systems help deter theft and that can save you a little bit as well.
• Safety Restraint Discount – Drivers who require all vehicle occupants to buckle their seat belts can save a little off the PIP or medical payment premium.
• Senior Citizens – If you’re over the age of 55, you may be able to get a slight reduction on a insurance quote for CTS coverage.
• Bundle and Save – If you insure your home and vehicles and insure them both with the same insurance company you will save nearly 15% which can help you find cheap insurance.
• No Charge for an Accident – This one is not really a discount per se, but companies like Geico and Liberty Mutual may permit one accident before your rates go up if your claims history is clear prior to the accident.
• Federal Employees – Active or retired federal employment can earn a discount up to 10% for CTS coverage with select insurance companies.

Don’t be surprised that most of the big mark downs will not be given to all coverage premiums. Most only reduce specific coverage prices like collision or personal injury protection. So even though it sounds like you could get a free insurance policy, you aren’t that lucky.

Larger insurance companies and their offered discounts can be found below.

• AAA offers premium reductions for multi-car, education and occupation, pay-in-full, multi-policy, anti-theft, good student, and good driver.
• Progressive has discounts for continuous coverage, good student, multi-policy, multi-vehicle, and online signing.
• State Farm policyholders can earn discounts including student away at school, passive restraint, good driver, Steer Clear safe driver discount, good student, and anti-theft.
• Esurance may offer discounts for multi-policy, defensive driver, DriveSense, multi-car, and good student.
• Nationwide includes discounts for easy pay, accident-free, Farm Bureau membership, good student, anti-theft, and family plan.

If you need affordable insurance quotes, ask every company which credits you are entitled to. Some of the earlier mentioned discounts might not be offered on policies in your area. To see insurance companies that offer many of these discounts, follow this link.

What determines Cadillac CTS insurance prices?

It’s important that you understand the different types of things that go into determining your policy premiums. When you know what positively or negatively impacts premium levels, this helps enable you to make changes that could help you find lower rates.

Shown below are some of the items used by companies to determine rates.

• Safer the car lower the rate – Cars with five star safety ratings can get you lower premiums. Vehicles engineered for safety protect occupants better and better occupant protection translates into savings for insurance companies and lower rates for you. If your Cadillac CTS is rated at a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
• Little extras can really add up – Policies have optional add-on coverages that you can get tricked into buying if you aren’t careful. Coverages like replacement cost coverage, better glass coverage, and term life insurance are some examples. You may think they are a good idea when deciding what coverages you need, but your needs may have changed so remove them and pocket the money.
• Single drivers may have higher prices – Walking down the aisle can actually save you money compared to being single. Having a significant other usually means you are less irresponsible and it’s statistically proven that married drivers get in fewer accidents.
• Age of drivers – Teen drivers are statistically proven to be easily distracted in a vehicle so they pay higher insurance rates. Parents adding a beginning driver onto a policy will cause a huge premium hike. Older drivers tend to be more responsible, are lower risk to insure and get fewer tickets.
• Do you know you’re credit history? – Having a bad credit score factor in determining what you pay for insurance. Drivers with high credit ratings tend to file fewer claims than drivers with lower credit scores. If your credit rating leaves room for improvement, you could be paying less to insure your 2008 Cadillac CTS by taking the time to improve your credit score.
• High deductibles reduce costs – Physical damage protection, otherwise known as comp (or other than collision) and collision, protects your Cadillac from damage. Examples of some claims that would be covered are collision with another vehicle, damage caused by hail, and damage from a fallen tree branch. Comp and collision deductibles are the amount of money you are required to spend if a claim is determined to be covered. The more expense the insured has to pay upfront, the less your insurance will be for CTS coverage.

When to get professional advice

When it comes to buying adequate coverage, there is no “best” method to buy coverage. Every insured’s situation is different and a cookie cutter policy won’t apply. For instance, these questions can aid in determining whether or not you might need professional guidance.

• Does coverage extend to my business vehicle?
• Should I have combined single limit or split liability limits?
• Am I covered by my spouse’s policy after a separation?
• What can I do if my company won’t pay a claim?
• Is my teenager covered with friends in the car?
• Is my state a no-fault state?
• Will my insurance pay for OEM parts?
• How can I get my company to pay me more for my totalled car?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies.

Car insurance in the media

21st Century, Allstate and State Farm constantly bombard you with ads in print and on television. They all seem to seem to make the promise about how much you will save if you move your coverage to them. But how can every company offer you a better deal? It’s all in the words they use.

Companies are able to cherry pick for the type of customer they prefer to insure. For example, this type of driver might be described as over age 30, owns their home, and chooses high deductibles. A customer getting a price quote who matches that profile will get the preferred premium rates and as a result will probably pay quite a bit less when switching companies.

Insureds who don’t measure up to these stringent criteria will get a more expensive rate and ends up with business not being written. If you pay close attention to the ads, they say “drivers that switch” not “everyone who quotes” can get the lowest rates when switching. That’s the way insurance companies can confidently state the savings. This really drives home the point why you need to compare quotes as often as possible. It’s just too difficult to predict which company will be your best fit.

Specific coverages for a Cadillac CTS

Understanding the coverages of your auto insurance policy can help you determine the right coverages and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring. Listed below are typical coverage types offered by auto insurance companies.

Comprehensive or Other Than Collision – This coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as damage from a tornado or hurricane, hitting a bird and a tree branch falling on your vehicle. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses like chiropractic care, pain medications, rehabilitation expenses and surgery. They can be utilized in addition to your health insurance plan or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Auto liability – Liability coverage will cover damages or injuries you inflict on people or other property. It protects YOU against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see limits of 50/100/50 which stand for $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability coverage protects against claims like attorney fees, emergency aid, legal defense fees, pain and suffering and structural damage. How much liability coverage do you need? That is a decision to put some thought into, but buy as large an amount as possible.

Collision coverage – This pays for damage to your CTS resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as sustaining damage from a pot hole, crashing into a building, scraping a guard rail, crashing into a ditch and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to get cheaper collision coverage.

UM/UIM Coverage – This gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your 2008 Cadillac CTS.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Affordable insurance is out there

While you’re price shopping online, never skimp on coverage in order to save money. There have been many situations where someone dropped liability coverage limits and learned later that they should have had better coverage. The ultimate goal is to get the best coverage possible at the best price, but do not skimp to save money.

We covered some good ideas how you can get a better price on 2008 Cadillac CTS insurance. The key thing to remember is the more providers you compare, the higher the chance of saving money. You may even find the lowest prices are with some of the lesser-known companies. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as State Farm, Geico and Nationwide.

Discount 2008 Cadillac CTS insurance is attainable both online as well as from insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance providers do not provide online price quotes and usually these regional insurance providers sell through independent agencies.

Additional detailed information can be read in the articles below:

• Parking Tips to Reduce Door Dings (State Farm)
• What is a Telematics Device? (Allstate)
• Rental Car Insurance Tips (Insurance Information Insitute)
• A Tree Fell on Your Car: Now What? (Allstate)
• Vehicle Insurance in the U.S. (Wikipedia)
• Medical Payments Coverage (Liberty Mutual)