Save on 2008 Cadillac XLR-V Insurance Quotes

Did you come to the realization that you have overpriced insurance coverage? You’re in good company because many consumers are in the same pinch. Big companies like Geico, Progressive and Allstate all promote huge savings with fancy advertisements and it can be hard to ignore the propoganda and effectively compare rates to find the best deal.

Consumers need to do rate comparisons at least once a year because rates are usually higher with each renewal. Just because you found the lowest rate on XLR-V coverage a year ago you can probably find a better price now. Forget anything you know (or think you know) about insurance coverage because I’m going to let you in on the secrets to the proper way to find the best coverage while lowering your premiums.

Affordable insurance coverage

There are several ways to compare insurance coverage quotes, but some are easier and takes less work. You could waste a few hours talking to insurance agencies in your area, or you could save time and use the internet to achieve your goal.

Most of the best insurance companies are enrolled in a marketplace where prospective buyers enter their policy data once, and at least one company returns a competitive quote. This eliminates the need for quotation requests for every insurance coverage company.

To compare rates using this form now click here (opens in new window).

The one downside to using this type of system is you are unable to specify the companies to get quotes from. So if you prefer to pick specific providers to compare, we put together a list of low cost insurance coverage companies in your area. Click here to view list.

You can use whichever method you prefer to find lower rates, just make darn sure you compare the same coverages and limits for each quote you get. If you are comparing different deductibles it will be next to impossible to determine the best price for your Cadillac XLR-V.

Do you qualify for discount insurance?

Insurance can cost an arm and a leg, but you might already qualify for some discounts that could drop your premiums quite a bit. A few discounts will automatically apply when you purchase, but some discounts are required to be asked for in order for you to get them. If you are not receiving all the discounts possible, you could be getting lower rates.

• Multi-Vehicle Discounts – Buying a policy with multiple cars on one policy qualifies for this discount.
• Driver Safety – Taking a course teaching driver safety skills could earn you a small percentage discount and also improve your driving technique.
• Safety Restraint Discount – Drivers who always wear seat belts and also require passengers to use a seat belt can save up to 10 percent (depending on the company) off the medical payments premium.
• First Accident Forgiveness – Not necessarily a discount, but companies like Allstate and Geico will forgive one accident before raising your premiums if your claims history is clear for a specific time period.
• College Student – Children who attend college more than 100 miles from home and don’t have a car can receive lower rates.

Please keep in mind that many deductions do not apply to your bottom line cost. Most only apply to individual premiums such as collision or personal injury protection. If you do the math and it seems like having all the discounts means you get insurance for free, it’s just not the way it works. Any amount of discount will positively reduce your overall bill.

If you would like to see a list of insurance companies that can offer you the previously mentioned discounts, click here.

What insurance coverages do I need?

When it comes to buying the best auto insurance coverage, there isn’t really a “best” method to buy coverage. Every situation is different so this has to be addressed. For instance, these questions can help discover whether you would benefit from an agent’s advice.

• Do I pay less if my vehicle is kept in my garage?
• I have a DUI can I still get coverage?
• Is other people’s property covered if stolen from my vehicle?
• Does coverage extend to my business vehicle?
• Am I covered when driving in Canada or Mexico?
• Am I covered when renting a car or should I buy coverage from the car rental agency?
• What if I owe more than I can insure my car for?

If you can’t answer these questions then you might want to talk to an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies. It’s fast, free and can help protect your family.

Specific coverage details

Having a good grasp of your auto insurance policy aids in choosing 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. Listed below are the normal coverages found on most auto insurance policies.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as a tree branch falling on your vehicle, fire damage, hail damage and damage from a tornado or hurricane. The maximum amount your auto insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision – This covers damage to your XLR-V caused by collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like sideswiping another vehicle, crashing into a ditch, crashing into a building and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. Another option is to increase the deductible to bring the cost down.

Insurance for medical payments – Med pay and PIP coverage provide coverage for immediate expenses for surgery, X-ray expenses, pain medications, dental work and EMT expenses. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Coverage for liability – Liability insurance provides protection from damage or injury you incur to other’s property or people that is your fault. It protects YOU against other people’s claims, and doesn’t cover your injuries or vehicle damage.

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 values of 100/300/100 which means a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability coverage pays for claims like pain and suffering, medical expenses, bail bonds and repair costs for stationary objects. The amount of liability coverage you purchase is up to you, but buy as large an amount as possible.

Uninsured Motorist or Underinsured Motorist insurance – This provides protection from other motorists when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Cadillac XLR-V.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.