Searching for the cheapest insurance coverage rates for your Cadillac CTS? Are you irritated from sacrificing other expenses to buy insurance coverage? You are no different than many other consumers. Big companies like Geico, Progressive and Allstate all claim big savings, bombarding you with TV and radio ads and it can be hard to ignore the promise of big savings and do the work needed to find the best deal.
Smart consumers take time to do price comparisons before your policy renews since insurance rates tend to go up over time. Despite the fact that you may have had the best deal on CTS coverage on your last policy you can probably find a lower rate today. There are lots of tips to save on insurance coverage online but I’m going to show you the best ways to slash your insurance coverage rates.
Many things are used in the calculation when premium rates are determined. Some of the criteria are obvious like your driving record, but other factors are more transparent such as your marital status or your commute time.The best way to find cheaper car insurance is to take a look at the factors that help calculate your car insurance rates. If you know what impacts premium levels, this allows you to make good choices that can earn you better car insurance rates.
Auto insurance is not cheap nor is it fun to buy but there could be available discounts that you may not know about. Certain reductions will be credited at the time you complete a quote, but a few need to be specifically requested before you get the savings.
As a footnote on discounts, many deductions do not apply to your bottom line cost. The majority will only reduce individual premiums such as comp or med pay. Just because it seems like all those discounts means the company will pay you, it doesn’t quite work that way.
A few of the larger companies and some of their more popular discounts are included below.
Before purchasing a policy, check with every insurance company what discounts are available to you. A few discounts might not apply in your area. To find providers that offer some of these discounts, follow this link.
Consumers get pounded daily by advertisements for the lowest price insurance from companies such as Allstate, Geico and Progressive. They all seem to tend to make the same promise that people will save after switching to them.
That’s great but how can every company save you money? This is how they do it.
All companies have a preferred profile for the type of driver that earns them the most money. One example of a desirable risk might be between the ages of 30 and 50, has a clean driving record, and drives less than 7,500 miles a year. A customer getting a price quote who matches that profile will probably get the lowest rates and most likely will save money with a new company.
Insureds who fall short of these criteria may receive higher premiums and this results in the driver buying from a lower-cost company. The ads state “customers that switch” but not “all drivers who get quotes” save money. That’s the way companies can truthfully make those claims.
Different companies use different criteria so it’s extremely important to do a rate comparison at every renewal. Because you cannot predict which insurance companies will provide you with the cheapest rates.
When it comes to buying coverage for your vehicles, there isn’t really a single plan that fits everyone. Every situation is different and your policy should reflect that. These are some specific questions can help discover if your situation would benefit from an agent’s advice.
If you can’t answer these questions but a few of them apply, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and you can get the answers you need.
Understanding the coverages of your policy aids in choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverages offered by insurance companies.
Collision coverage protection
This pays to fix your vehicle from damage from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage protects against things like hitting a mailbox, colliding with another moving vehicle, crashing into a building, damaging your car on a curb and sustaining damage from a pot hole. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also increase the deductible in order to get cheaper collision rates.
Comprehensive insurance coverage pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims such as hail damage, fire damage, falling objects and damage from getting keyed. The highest amount a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Med pay and Personal Injury Protection (PIP)
Personal Injury Protection (PIP) and medical payments coverage pay for bills for things like ambulance fees, X-ray expenses, nursing services, chiropractic care and rehabilitation expenses. The coverages can be used in conjunction with a health insurance plan or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and may carry a deductible
Uninsured/Underinsured Motorist (UM/UIM)
This coverage gives you protection from other motorists when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and damage to your Cadillac CTS.
Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Usually the UM/UIM limits are set the same as your liablity limits.
Liability auto insurance
This provides protection from damages or injuries you inflict on other’s property or people in an accident. This coverage protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability insurance covers things such as emergency aid, pain and suffering and loss of income. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase higher limits if possible.
We just covered many ways to get a better price on 2009 Cadillac CTS insurance. The key thing to remember is the more price quotes you have, the better likelihood of getting cheaper auto insurance. Consumers could even find that the most savings is with a small mutual company. Some small companies may have significantly lower rates on certain market segments than the large multi-state companies such as Allstate or State Farm.
More affordable auto insurance is definitely available both online as well as from independent agents, and you should compare rates from both in order to have the best price selection to choose from. There are still a few companies who do not offer rates over the internet and many times these smaller providers sell through local independent agents.
More tips and info about auto insurance can be found by following these links:
Like your site, BTW. I’m in the suburbs of Rochester, Minnesota. Quoted prices online for a 2009 Cadillac CTS. Ended up at about $190 savings annually. Went with Allstate. I have several vehicles insured with them.
I got quite a few price quotes for a 2009 Cadillac CTS in Jackson, MS. Ended up at darn near $140 every six months with AAA.