Cheaper 2011 Cadillac CTS-V Insurance Quotes

Trying to find better car insurance rates? Buyers have many options when searching for low-cost Cadillac CTS-V insurance. You can either waste hours calling around to compare prices or utilize the internet to get rate quotes. There are more efficient ways to find car insurance online so we’re going to tell you the proper way to get price quotes for a Cadillac and obtain the cheapest rates from both online companies and local agents.

Compare insurance coverage rate quotes online

There are several ways to shop for insurance coverage, but there is one way that is more efficient than others. You could spend the better part of a day discussing policy coverages with insurance companies in your area, or you can stay home and use online quotes to get prices fast.

Many of the larger companies belong to a marketplace that enables customers to enter their coverage request one time, and every company returns a rated price based on that information. This prevents consumers from doing quote forms to each company. To find out what other companies charge click here to open in new window.

The one disadvantage to using this type of form is you can’t choose which companies to get pricing from. So if you want to choose specific insurance companies to request quotes from, we have assembled a list of insurance coverage companies in your area. Click here to view list.

Whichever method you choose, be sure to compare apples-to-apples coverages for every company. If you enter higher or lower deductibles you will not be able to truly determine the lowest rate.

Insurance coverage buyers beware

Consumers get pounded daily by advertisements for cheaper insurance coverage by State Farm, Geico and Progressive. They all seem to advertise the message about saving some big amount if you just switch your policy.

It sounds good, but how can they all lower your rates? It’s all in the words they use.

Most companies provide the lowest rates for the driver they prefer to insure. One example of a profitable insured could be over the age of 45, has no tickets, and drives less than 5,000 miles a year. Any person who fits that profile may get the lowest rates and is almost guaranteed to pay quite a bit less when switching companies.

People who do not match those criteria may receive a higher rate and the customer buying from a different company. Company advertisements say “people that switch” not “all people who quote” save that much when switching. This is how insurance companies can confidently lure you into getting a quote. This really illustrates why you should do a price quote comparison at every renewal. It’s impossible to know the company that will have the best prices for your profile.

Cadillac CTS-V insurance rate factors

Many different elements are part of the equation when you get a price on insurance. A few of the factors are predictable like your driving record, but others are not as apparent such as whether you are married or your commute time.

• Cars with good safety ratings means cheaper insurance – Safe vehicles are cheaper to insure. The safest vehicles reduce the chance of injuries and fewer injuries translates into savings for insurance companies and lower rates for you.
• Physical damage deductibles – Physical damage deductibles define the amount you are willing to pay out-of-pocket in the event of a claim. Physical damage protection, also called comprehensive and collision insurance, insures against damage to your car. A few examples of covered claims are colliding with a stationary object, damage from fire, and having a roll-over accident. The more money the insured has to pay upfront, the less your company will charge you for insurance on CTS-V coverage.
• What are good liability limits? – A critical coverage on your policy, liability insurance will afford coverage if a jury decides you are liable for causing personal injury or damage in an accident. Your policy’s liability insurance provides legal defense coverage which can cost a lot. Liability is cheap compared to comp and collision, so drivers should make sure they buy enough to cover all assets.
• Vehicle theft costs us all – Owning a car with a theft deterrent system can help lower your rates. Systems that thwart theives like GM’s OnStar, tamper alarm systems and vehicle immobilizers help track and prevent car theft and help bring rates down.
• Does your employer cost you more? – Jobs such as military generals, social workers and stock brokers usually pay higher premium rates because of stressful work requirements and lots of time spent at work. On the other hand, careers like farmers, athletes and homemakers have lower than average premiums on CTS-V coverage.
• Do you really need to file that insurance coverage claims? – If you frequently file small claims, you should expect higher premiums or even policy non-renewal. Insurance companies award most affordable rates to policyholders who are not frequent claim filers. Your car insurance is intended to be relied upon for claims that pose a financial burden.
• Only buy what you need – Insurance companies have many add-on coverages that sound like a good idea at the time on your 2011 CTS-V policy. Coverage for things like coverage for rental cars, better glass coverage, and Farm Bureau memberships may not be needed and are just wasting money. They may seem good when discussing your needs, but your needs may have changed so consider taking them off your policy.

Cheap car insurance rates with discounts

Car insurance companies don’t always advertise all possible discounts in an easy-to-find place, so the below list has some of the best known and also the lesser-known credits available to lower your premiums when you buy insurance online.

• Policy Bundle Discount – If you can combine your homeowners and auto policy with the same company you may earn up to 20% and get you affordable insurance.
• Discounts for New Vehicles – Buying a new car model is cheaper because new vehicles keep occupants safer.
• More Vehicles More Savings – Drivers who insure more than one vehicle on one policy can get a discount for every vehicle.
• Discounts for Safe Drivers – Insureds who avoid accidents can save as much as half off their rates on CTS-V coverage than drivers with accident claims.
• Telematics Devices – Drivers who elect to allow data collection to analyze driving patterns by installing a telematics device such as In-Drive from State Farm or Allstate’s Drivewise system may see discounts if they have good driving habits.
• Early Payment Discounts – By making one initial payment rather than paying in monthly installments you may have a lower total premium amount.
• Accident Forgiveness Coverage – Not really a discount, but certain companies permit an accident before they charge you more for coverage so long as you haven’t had any claims for a certain period of time.
• Homeowners Pay Less – Owning a house can earn you a little savings because of the fact that having a home shows financial diligence.

Discounts lower rates, but some of the credits will not apply to the overall cost of the policy. Most only apply to individual premiums such as liability and collision coverage. So even though you would think all those discounts means the company will pay you, car insurance companies aren’t that generous. But all discounts will reduce your policy cost.

Some companies that may include most of these discounts are:

• Geico
• MetLife
• Progressive
• Travelers
• SAFECO
• AAA

When quoting, ask each insurance company what discounts are available to you. Discounts might not be available to policyholders in your area. To locate insurance companies offering car insurance discounts, click this link.

Tailor your car insurance coverage to you

When buying the right insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Every situation is different.

For example, these questions could help you determine whether you could use an agent’s help.

• Do I need PIP coverage since I have good health insurance?
• Should I waive the damage coverage when renting a car?
• Is my trailer covered?
• Is my custom paint covered by insurance?
• Am I covered if hit by an uninsured driver?
• I have a DUI can I still get coverage?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, complete this form. It only takes a few minutes and can help protect your family.

Insurance coverage options for a 2011 Cadillac CTS-V

Knowing the specifics of insurance can be of help when determining the right coverages and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring.

Protection from uninsured/underinsured drivers – Your UM/UIM coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Cadillac CTS-V.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Coverage for liability – This provides protection from damage or injury you incur to other people or property that is your fault. This coverage protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for claims like medical services, funeral expenses, legal defense fees, repair bills for other people’s vehicles and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Collision coverages – Collision coverage pays to fix your vehicle from damage caused by collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as damaging your car on a curb, scraping a guard rail and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. You can also increase the deductible to get cheaper collision coverage.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for things like dental work, prosthetic devices and nursing services. They can be used in conjunction with a health insurance program or if you lack health insurance entirely. Coverage applies to both the driver and occupants and will also cover getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Comprehensive (Other than Collision) – This will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as damage from a tornado or hurricane, vandalism and damage from getting keyed. The most you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Take this to the bank

Drivers change insurance companies for a variety of reasons including policy cancellation, an unsatisfactory settlement offer, policy non-renewal and even extreme rates for teen drivers. No matter why you want to switch, finding the right insurance provider can be pretty painless.

We’ve covered a lot of ways to shop for 2011 Cadillac CTS-V insurance online. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. You may even find the lowest car insurance rates are with a lesser-known regional company.

More affordable insurance is available on the web in addition to local insurance agencies, so you need to shop insurance with both to have the best rate selection. Some insurance companies do not offer rate quotes online and most of the time these small insurance companies prefer to sell through independent insurance agencies.

Helpful learning opportunities

• Event Data Recorders FAQ (iihs.org)
• Auto Crash Statistics (Insurance Information Insitute)
• Tread Depth and Tire Safety (State Farm)
• Teen Driving and Texting (State Farm)
• Determing Auto Insurance Rates (Geico)
• Steps to Take After an Auto Accident (Insurance Information Insitute)