2012 Cadillac CTS Insurance Rates – 6 Ways to Save

Pretty sure you bought overpriced insurance? Believe me when I say many consumers feel financially strained by their insurance policy.

Many auto insurance companies compete for your insurance dollar, so it can be very hard to choose a provider and get the best coverage at the lowest price

It’s a great practice to take a look at other company’s rates once or twice a year because prices tend to go up over time. Even if you got the best rate for CTS coverage last year you will most likely find a better premium rate today. Forget all the misinformation about insurance because you’re about to learn the proper way to save on insurance.

Cheap car insurance

When shopping for car insurance there are multiple ways of comparing rates from many different insurance companies. The best method to compare Cadillac CTS insurance prices is to get quotes online. This can be accomplished by using one of the methods below.

1. If you are pressed for time, the simplest way consumers can analyze rates would be an industry-wide quote request form like this one (opens in new window). This type of form saves time by eliminating repetitive form submissions for every prospective company. A single form gets you coverage quotes from multiple low-cost companies.
2. A different way to find lower rates consists of visiting each company website to complete a price quote. For instance, we’ll assume you want to view quotes from Nationwide, Progressive and Liberty Mutual. In order to compare rates, you need to go to each individual site and repeatedly enter your information, which is why most consumers use the first method. To view a list of companies in your area, click here.

How you compare quotes is your choice, just do your best to enter nearly identical coverage limits and deductibles with each company. If you are comparing different limits and deductibles on each one you can’t possibly determine which company has the best rates. Just slight variations in insurance coverages could skew the results. It’s important to know that comparing more company’s prices provides better odds of finding a lower rate. Not every company provides online price quotes, so it’s necessary to compare rates from them, too.

Auto insurance discounts are available to slash your rates

Properly insuring your vehicles can get expensive, but you may be missing some discounts that many consumers don’t even know exist. Certain discounts will be triggered automatically when you quote, but a few must be inquired about prior to receiving the credit. If you aren’t receiving every discount available, you could be saving more on your auto insurance.

• Multi-car Discount – Buying a policy with all your vehicles on the same auto insurance policy could earn a price break for each car.
• Good Student – This discount can earn a discount of 20% or more. The good student discount can last up to age 25.
• Theft Prevention System – Vehicles equipped with tracking devices and advanced anti-theft systems can help prevent theft and will qualify for a discount on a insurance quote.
• Driver Safety – Taking part in a class that teaches safe driver techniques could earn you a small percentage discount and easily pay for the cost of the class.
• Passive Restraint Discount – Cars that have air bags or motorized seat belts can receive discounts as much as 30%.
• Resident Student – College-age children who are attending college and don’t have a car can receive lower rates.

We need to note that most credits do not apply to the entire policy premium. Most only apply to specific coverage prices like medical payments or collision. Even though it may seem like you can get free auto insurance, nobody gets a free ride.

A list of auto insurance companies and their offered discounts are outlined below.

• State Farm has savings for student away at school, multiple policy, anti-theft, good student, and multiple autos.
• Geico policyholders can earn discounts including military active duty, driver training, anti-theft, seat belt use, air bags, and defensive driver.
• Progressive offers premium reductions for online quote discount, multi-vehicle, continuous coverage, homeowner, multi-policy, and good student.
• 21st Century discounts include air bags, theft prevention, good student, homeowners, and anti-lock brakes.
• American Family has discounts for multi-vehicle, defensive driver, mySafetyValet, accident-free, air bags, and early bird.
• The Hartford may have discounts that include driver training, bundle, vehicle fuel type, good student, air bag, anti-theft, and defensive driver.
• AAA includes discounts for pay-in-full, multi-car, education and occupation, anti-theft, AAA membership discount, and good driver.

It’s a good idea to ask every company to give you their best rates. Some credits might not be offered in your area. To find insurers who offer cheap auto insurance quotes, follow this link.

Everyone needs different car insurance coverages

When buying proper insurance coverage, there isn’t really a one size fits all plan. Every insured’s situation is different so this has to be addressed. For instance, these questions could help you determine if your insurance needs might need professional guidance.

• Where can I find high-risk insurance?
• Should I put collision coverage on all my vehicles?
• Am I covered when using my vehicle for business?
• Is extra glass coverage worth it?
• Am I covered if I drive in a foreign country?
• Why am I required to buy high-risk coverage?
• Who is covered when they drive my 2012 Cadillac CTS?
• Should I file a claim if it’s only slightly more than my deductible?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies.

Car insurance coverages 101

Learning about specific coverages of a car insurance policy aids in choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. These are typical coverage types found on the average car insurance policy.

Collision coverage – This covers damage to your CTS resulting from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision insurance covers things such as sideswiping another vehicle, colliding with another moving vehicle, driving through your garage door and hitting a mailbox. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible to save money on collision insurance.

Auto liability – This protects you from damage or injury you incur to people or other property that is your fault. This insurance protects YOU against other people’s claims. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for claims like attorney fees, loss of income and repair bills for other people’s vehicles. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.

Comprehensive or Other Than Collision – This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, hitting a bird, theft, fire damage and damage from getting keyed. The maximum payout a car insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

UM/UIM Coverage – This protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants and also any damage incurred to your 2012 Cadillac CTS.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Usually these limits are identical to your policy’s liability coverage.

Medical costs insurance – Med pay and PIP coverage reimburse you for bills for things like prosthetic devices, rehabilitation expenses, X-ray expenses and funeral costs. The coverages can be utilized in addition to your health insurance program or if there is no health insurance coverage. Coverage applies to all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Take this to the bank

Throughout this article, we presented a lot of ways to get a better price on 2012 Cadillac CTS insurance. The key concept to understand is the more price quotes you have, the more likely it is that you will get a better rate. You may even discover the lowest rates come from a lesser-known regional company. They can often provide lower car insurance rates in certain areas than the large multi-state companies such as Allstate and Progressive.

When trying to cut insurance costs, it’s a bad idea to sacrifice coverage to reduce premiums. There are many occasions where an insured dropped liability limits or collision coverage only to find out that the small savings ended up costing them much more. Your goal is to purchase a proper amount of coverage at an affordable rate but still have enough coverage for asset protection.

More tips and info about insurance coverage is located at these sites:

• How Can I Save Money on Auto Insurance? (Insurance Information Insitute)
• Alcohol Impaired Driving FAQ (iihs.org)
• Car Insurance for Teen Drivers with Divorced Parents (Allstate)
• Drunk Driving Statistics (Insurance Information Insitute)
• Auto Insurance for Teen Drivers (Insurance Information Insitute)