2014 Cadillac ATS Insurance Quotes – 7 Discounts for Cheaper Rates

Want lower car insurance rates for your Cadillac ATS? Are you a victim of an underperforming, overpriced car insurance policy? It’s quite common and there are many drivers thinking the same thing.

Many auto insurance companies compete for your hard-earned dollar, so it can be very hard to choose a insurer and get the definite best rate

It’s a good idea to compare prices once or twice a year because car insurance prices change regularly. Just because you found the best price on ATS coverage a couple years back you can probably find a lower rate today. There is a lot of wrong information about car insurance on the internet, but you can learn some good information on how to slash your car insurance rates.

Don’t overlook these seven car insurance discounts

Some providers do not advertise every discount they offer in an easy-to-find place, so we took the time to find both the well known and the harder-to-find car insurance savings. If you do not double check each discount available, you’re paying more than you need to.

• Low Miles Discount – Driving fewer miles could qualify for lower premium rates on the low mileage vehicles.
• Bundle and Save – When you combine your auto and home insurance with the same insurance company you will save as much as 10 to 15 percent.
• Sign Early and Save – Some car insurance companies reward drivers for buying a policy before your current policy expires. Ten percent is about the average savings.
• Accident Waiver – Not really a discount, but certain companies will let one accident slide without the usual rate increase as long as you don’t have any claims before the accident.
• Telematics Data Discounts – Drivers who agree to allow their insurance company to analyze their driving habits through the use of a telematics system such as In-Drive from State Farm or Allstate’s Drivewise system might get better premium rates if they have good driving habits.
• New Car Discount – Insuring a vehicle that is new can save up to 30% because new vehicles are generally safer.
• Full Payment Discount – If paying your policy premium upfront rather than paying monthly you can avoid monthly service charges.

Please keep in mind that most discount credits are not given to the overall cost of the policy. Most only cut individual premiums such as liability and collision coverage. Just because you may think having all the discounts means you get insurance for free, companies wouldn’t make money that way.

To find car insurance companies offering car insurance discounts, follow this link.

When to get professional advice

When buying adequate coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Everyone’s situation is a little different so your insurance should reflect that For example, these questions might point out if your situation might need professional guidance.

• Are my friends covered when driving my 2014 Cadillac ATS?
• Can I rate high risk drivers on liability-only vehicles?
• Should I waive the damage coverage when renting a car?
• Do I benefit by insuring my home with the same company?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• How much underlying liability do I need for an umbrella policy?
• Is my state a no-fault state?
• Do I get a pro-rated refund if I cancel my policy early?

If you can’t answer these questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, complete this form or click here for a list of insurance coverage companies in your area.

Advertising myths

Insurance coverage providers like State Farm, Geico and Progressive continually stream ads on TV and radio. They all seem to say the same thing about how much you will save if you get a free car insurance quote and switch your policy. How does every insurance coverage company sell you cheaper insurance coverage? Here is the trick they use.

Companies have underwriting criteria for the type of customer that earns them a profit. For example, a desirable risk might be described as between the ages of 40 and 55, has no claims, and drives less than 7,500 miles a year. Any new insured who matches those parameters is entitled to the best price and will probably save when they switch companies.

People who fall short of these standards will get higher premiums and this results in business going elsewhere. The ad wording is “drivers who switch” not “everybody who quotes” save that much. That is how companies can truthfully advertise the savings. Because each company has a different risk profile, drivers must quote coverage with many companies. It’s not possible to predict which insurance companies will have the lowest rates.

Specific coverage details

Learning about specific coverages of your auto insurance policy helps when choosing the right coverages and the correct deductibles and limits. Auto insurance terms can be confusing and coverage can change by endorsement. Listed below are typical coverages found on most auto insurance policies.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for prosthetic devices, X-ray expenses, ambulance fees and chiropractic care. They are utilized in addition to your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Protection from uninsured/underinsured drivers – Your UM/UIM coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family and also any damage incurred to your Cadillac ATS.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Collision coverages – Collision coverage covers damage to your ATS resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like crashing into a ditch, sideswiping another vehicle, colliding with a tree and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to save money on collision insurance.

Comprehensive (Other than Collision) – This coverage 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 protects against things like fire damage, theft and falling objects. The most a auto insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Auto liability – This coverage protects you from injuries or damage you cause to a person or their property that is your fault. Liability coverage has 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 that means you have a $100,000 limit per person for injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability coverage pays for things like court costs, emergency aid, medical services, medical expenses and structural damage. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Cheaper insurance is a realistic goal

When getting car insurance quotes online, do not reduce coverage to reduce premium. There are too many instances where an accident victim reduced uninsured motorist or liability limits and learned later that it was a big error on their part. Your goal should be to purchase plenty of coverage at an affordable rate, but don’t skip important coverages to save money.

We just presented a lot of ways to compare 2014 Cadillac ATS insurance prices online. The key concept to understand is the more providers you compare, the higher the chance of saving money. Consumers may even find the most savings is with a small mutual company. Regional companies may have significantly lower rates on certain market segments than the large multi-state companies such as Progressive and Geico.

Additional learning opportunities

• Protecting Teens from Drunk Driving (Insurance Information Insitute)
• Prepare your Teens for Safe Driving (InsureUonline.org)
• Teen Driving Statistics (iihs.org)
• Avoiding Deer Collisions (Insurance Information Insitute)
• Auto Crash Statistics (Insurance Information Insitute)
• What is a Telematics Device? (Allstate)