Trying to find lower car insurance rates for your Cadillac CTS? Did you fall for a flashy sales pitch and buy overpriced car insurance? Don’t sweat it because many consumers are feeling buyer’s remorse and feel like there’s no way out.
Numerous auto insurance companies battle for your insurance dollar, and it can be difficult to compare rates to get the lowest price
Many factors are used in the calculation when pricing auto insurance. Some of the criteria are obvious like an MVR report, but other factors are more obscure such as whether you are married or how financially stable you are.
The price of auto insurance can be rather high, but discounts can save money and there are some available to cut the cost considerably. Certain discounts will be applied at the time of quoting, but a few must be specifically requested in order for you to get them.
You can save money using discounts, but most credits do not apply to your bottom line cost. Some only reduce the cost of specific coverages such as liability, collision or medical payments. If you do the math and it seems like having all the discounts means you get insurance for free, you aren’t that lucky.
The best insurance companies and a partial list of their discounts are included below.
Before buying, ask each insurance company which discounts you may be entitled to. Some discounts listed above might not be offered on policies in your area. For a list of companies offering insurance discounts, click here to view.
Insurance coverage providers like State Farm and Allstate consistently run ads on TV and radio. All the ads seem to make the promise about saving some big amount if you just switch your insurance coverage policy to them. How does every insurance coverage company cost less than your current company? It’s all in how they say it.
All the different companies have a preferred profile for the type of driver they prefer to insure. A good example of a desirable risk might have to be a mature driver, has a clear driving record, and has a short commute. A driver who meets those qualifications will qualify for the lowest rates and will probably save quite a bit of money when switching.
Potential insureds who fall short of these criteria will see a higher rate and this results in the customer buying from a different company. The ads state “drivers that switch” not “all people who quote” save that much when switching. That is how insurance companies can state the savings.
That is why drivers must get price quotes at each policy renewal. It’s just not possible to know which insurance coverage company will have the best rates for your profile.
When it comes to choosing adequate coverage, there really is not a “best” method to buy coverage. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out if you might need an agent’s assistance.
If you’re not sure about those questions but you know they apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.
Knowing the specifics of a insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are typical coverage types found on most insurance policies.
Uninsured Motorist or Underinsured Motorist insurance – This coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally these limits are similar to your liability insurance amounts.
Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things like rock chips in glass, theft, a broken windshield, fire damage and hail damage. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.
Auto liability insurance – Liability coverage provides protection from damage that occurs to other people or property by causing an accident. This insurance protects YOU from claims by other people. It does not cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. 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 total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Some companies may use a combined limit which limits claims to one amount with no separate limits for injury or property damage.
Liability coverage pays for claims such as court costs, legal defense fees and funeral expenses. The amount of liability coverage you purchase is up to you, but you should buy as much as you can afford.
Insurance for medical payments – Medical payments and Personal Injury Protection insurance reimburse you for expenses for things like prosthetic devices, rehabilitation expenses and chiropractic care. They can be utilized in addition to your health insurance plan or if you do not have health coverage. They cover you and your occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay
Collision – This will pay to fix damage to your CTS resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things such as scraping a guard rail, sideswiping another vehicle, rolling your car and sustaining damage from a pot hole. This coverage can be expensive, so consider dropping it from vehicles that are older. You can also bump up the deductible in order to get cheaper collision rates.
When shopping online for insurance coverage, it’s not a good idea to sacrifice coverage to reduce premiums. Too many times, consumers will sacrifice full coverage only to discover later that the few dollars in savings costed them thousands. Your objective should be to buy a smart amount of coverage for the lowest price.
Affordable 2010 Cadillac CTS insurance can be found both online as well as from independent agents, so get free car insurance quotes from both of them to have the best selection. Some companies may not offer online price quotes and usually these small, regional companies only sell through independent agents.
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