2014 Cadillac CTS-V Insurance Rates – 9 Ways to Save

Trying to find cheaper insurance rates for your Cadillac CTS-V? If online insurance comparisons are new to you, there’s a good chance you are bewildered by the vast number local agents and online companies that all promise to save you money.

Take advantage of every car insurance discount

Insuring your vehicles can cost a lot, but you might already qualify for some discounts that could help you make your next renewal payment. A few discounts will be applied at the time of purchase, but some must be asked for before being credited.

  • Early Signing – A few companies give discounts for renewing your policy early. This can save 10% or more.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Cadillac can earn discounted prices on garaged vehicles.
  • Discounts for New Vehicles – Adding a new car to your policy can save up to 30% due to better safety requirements for new model year vehicles.
  • ABS Brakes – Cars and trucks that have steering control and anti-lock brakes can avoid accidents so you can save 10 percent or more.
  • Driver’s Ed – Cut your cost by having your teen driver successfully complete driver’s ed class in school.
  • Good Student – Maintaining excellent grades can be rewarded with saving of up to 25%. You can use this discount normally up until you turn 25.
  • Passive Restraint Discount – Vehicles equipped with air bags and/or automatic seat belt systems may earn rate discounts up to 30%.
  • Paperless Signup – Certain larger companies will give a small break for completing your application over the internet.
  • Data Collection Discounts – Policyholders that allow driving data submission to monitor driving patterns by using a telematics device in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive could see a rate decrease as long as they are good drivers.

One thing to note about discounts is that most discount credits are not given to all coverage premiums. Most cut the cost of specific coverages such as physical damage coverage or medical payments. Despite the fact that it seems like having all the discounts means you get insurance for free, companies don’t profit that way. But all discounts will reduce your premiums.

To view insurers that offer many of these discounts, follow this link.

Free insurance coverage rate quotes

Effectively comparing insurance coverage prices is a ton of work if you don’t understand the easiest way. You can spend your afternoon driving to insurance agencies in your area, or you can utilize the web to quickly compare rates.

Many popular insurance companies take part in a program that enables customers to send in one quote, and each participating company provides a quote. This eliminates the need for quotation requests for every insurance coverage company.

To use this form to compare rates click here to open in new window.

One minor caviat to comparing rates this way is you cannot specify which providers you want to price. So if you prefer to choose from a list of companies to compare rates, we have a page of low cost insurance coverage companies in your area. Click here to view list.

How you compare quotes is your choice, just make sure you use exactly the same quote information on every quote. If you compare different coverage information you can’t possibly determine the lowest rate for your Cadillac CTS-V. Quoting even small variations in insurance coverages or limits may cause a big price difference. And when price shopping your coverage, obtaining a wide range of quotes will enable you to find lower pricing.

How to know if you need help

When it comes to choosing the right insurance coverage, there isn’t really a “perfect” insurance plan. Your needs are not the same as everyone else’s.

Here are some questions about coverages that can aid in determining if your insurance needs might need an agent’s assistance.

  • Does my policy pay for OEM or aftermarket parts?
  • Can I make deliveries for my home business?
  • What are the best liability limits?
  • How high should my uninsured/underinsured coverage be in my state?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Does medical payments coverage apply to all occupants?
  • Should I buy more coverage than the required minimum liability coverage?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Is my teen driver covered when they drive my company car?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form.

Insurance coverages and their meanings

Understanding the coverages of insurance can help you determine the best coverages at the best deductibles and correct limits. Insurance terms can be impossible to understand and nobody wants to actually read their policy.

Uninsured and underinsured coverage – This protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your Cadillac CTS-V.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses such as rehabilitation expenses, ambulance fees, nursing services and chiropractic care. They can be utilized in addition to your health insurance plan or if you are not covered by health insurance. They cover you and your occupants in addition to if you are hit as a while walking down the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability insurance – Liability coverage can cover damages or injuries you inflict on a person or their property that is your fault. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for things like loss of income, pain and suffering and repair bills for other people’s vehicles. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Collision coverage – This coverage covers damage to your CTS-V caused by collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage protects against claims like hitting a parking meter, backing into a parked car, crashing into a ditch and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Another option is to choose a higher deductible to save money on collision insurance.

Comprehensive coverages – This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like vandalism, a tree branch falling on your vehicle and fire damage. 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.

One last thing

We just showed you some good ideas how you can lower your 2014 Cadillac CTS-V insurance prices. The most important thing to understand is the more rate quotes you have, the higher your chance of finding cheap insurance coverage. Consumers may even find the biggest savings come from some of the smallest insurance companies.

Drivers change insurance companies for many reasons like extreme rates for teen drivers, lack of trust in their agent, questionable increases in premium and high prices. Regardless of your reason, finding the right auto insurance provider is pretty simple and you could end up saving a buck or two.

Some insurance companies may not provide online quoting and usually these regional carriers sell through independent insurance agents. Cost effective 2014 Cadillac CTS-V insurance can be found online as well as from insurance agents, so you should be comparing quotes from both to get a complete price analysis.

Additional information can be found on the following sites:

Comments About 2014 Cadillac CTS-V Insurance

  1. Dario Glenn

    Will Allstate cancel me if I have an accident?

  2. Sammie Parker

    Does State Farm have low rates for teen drivers?

  3. Apolonia Norman

    I got decent rates for a 2014 Cadillac CTS-V in Raleigh, NC. Ended up at right around $180 every six months with Auto-Owners. Hopefully won’t need it.

  4. Alicia Duke

    Will Allstate raise rates if I file a claim?