Lower Your 2014 Cadillac SRX Insurance Cost

Searching for cheaper car insurance rates for your Cadillac SRX? I doubt anyone enjoys paying for car insurance, especially when the cost is too high. Due to the increasing number of insurance providers from which to choose, it’s nearly impossible to pick the lowest cost car insurance provider.

Reduce insurance rates with these tips

Many things are part of the calculation when premium rates are determined. Some of the criteria are obvious like your driving record, although others are not as apparent such as your credit history and annual miles driven.

Shown below are some of the items used by your company to calculate prices.

• Increase comp and collision deductibles and save – The deductibles you choose state the amount of money you are required to spend if a claim is determined to be covered. Protection for physical damage, also called comprehensive and collision insurance, insures against damage to your car. A few examples of covered claims are collision with another vehicle, vandalism, and damage caused by road hazards. The more damage repair cost you have to pay, the less money you will pay for insurance coverage for SRX coverage.
• Limits of liability – Your policy’s liability coverage provides coverage if ever you are ruled to be at fault for damages caused by your negligence. This coverage provides legal defense which can be incredibly expensive. This coverage is relatively inexpensive compared to insuring for physical damage coverage, so insureds should have plenty of protection for their assets.
• Guys are more aggressive – Statistics have proven women are more cautious behind the wheel. This data doesn’t prove that men are WORSE drivers than women. They both have accidents at about the same rate, but males cause more damage. They also receive more costly citations such as reckless driving.
• Driving citations cost more than a fine – Just one citation can increase rates to the point where it’s not affordable. Attentive drivers pay less for auto insurance than their less careful counterparts. People who have severe tickets like DUI or willful reckless driving may need to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to continue driving.
• Eliminate extra coverages – There are a lot of additional coverages that you can get tricked into buying if you don’t pay attention. Insurance for roadside assistance, death and dismemberment, and motor club memberships may not be needed and are just wasting money. These may sound like a good investment when you first buy your policy, but now you might not need them so think about removing them and cutting costs.
• Bad credit hurts insurance premiums – A driver’s credit score factor in calculating your insurance coverage rates. Therefore, if your credit rating can be improved, you could potentially save money when insuring your 2014 Cadillac SRX by repairing your credit. People that have good credit tend to file fewer claims than drivers who have lower credit scores.

Take policy discounts and save

Insurance coverage is neither fun to buy or cheap, but there are discounts available that many people don’t even know exist. Some of these disounts will be visible when you quote, but some must be requested specifically before being credited.

• Auto/Home Discount – If you have multiple policies with the same company you will save up to 20% and get you affordable auto insurance.
• Safe Driver Discount – Drivers who don’t get into accidents can save as much as half off their rates for SRX coverage than their less cautious counterparts.
• Drivers Ed for Students – Reduce the cost of insurance for teen drivers by having them enroll in driver’s education if it’s offered in school.
• Discount for Life Insurance – Larger insurance companies have a discounted premium rate on car insurance if you buy life insurance.
• Own a Home and Save – Owning your own home or condo can save a few bucks because it demonstrates responsibility.
• ABS and Traction Control Discounts – Cars and trucks that have steering control and anti-lock brakes can reduce accidents and the ABS can save up to 10%.

As a footnote on discounts, most of the big mark downs will not be given to the entire policy premium. A few only apply to the cost of specific coverages such as collision or personal injury protection. So even though they make it sound like all those discounts means the company will pay you, insurance coverage companies aren’t that generous.

To choose insurance coverage companies with the best discounts, click this link.

Which policy gives me the best coverage?

When it comes to buying adequate coverage, there really is not a perfect coverage plan. Every situation is different and a cookie cutter policy won’t apply. Here are some questions about coverages that may help you determine if your situation might need professional guidance.

• How does medical payments coverage work?
• Why am I be forced to buy a membership to get insurance from some companies?
• Am I covered when driving someone else’s vehicle?
• Do I need to file an SR-22 for a DUI in my state?
• Is a new car covered when I drive it off the dealer lot?
• Does coverage extend to a rental car in a foreign country?
• At what point should I drop full coverage?
• Can I drive in Mexico and have coverage?
• How much liability insurance is required?
• Does coverage extend to my business vehicle?

If you can’t answer these questions but you know they apply to you then you might want to talk to a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier It’s fast, free and can help protect your family.

Auto insurance 101

Knowing the specifics of your policy aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring. These are the usual coverages found on most car insurance policies.

Comprehensive protection

This coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as a tree branch falling on your vehicle, hail damage, damage from getting keyed, hitting a deer and falling objects. The most a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Medical expense coverage

Med pay and PIP coverage kick in for short-term medical expenses such as dental work, nursing services, X-ray expenses, funeral costs and prosthetic devices. The coverages can be utilized in addition to your health insurance program or if you lack health insurance entirely. It covers all vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is not available in all states and may carry a deductible

Uninsured or underinsured coverage

This protects you and your vehicle from other drivers when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Cadillac SRX.

Since a lot of 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.

Liability insurance

This can cover damage or injury you incur to other people or property. It protects you against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 that means you have $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability coverage protects against claims like court costs, structural damage, repair bills for other people’s vehicles and funeral expenses. The amount of liability coverage you purchase is a personal decision, but consider buying as high a limit as you can afford.

Collision insurance

This coverage pays for damage to your SRX from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for things like scraping a guard rail, crashing into a ditch and colliding with a tree. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to bring the cost down.

Better coverage you can count on

We just covered some good ideas how you can shop for 2014 Cadillac SRX insurance online. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding affordable auto insurance. You may even discover the most savings is with some of the smallest insurance companies. Smaller companies may only write in your state and offer lower rates as compared to the big name companies such as State Farm, Geico and Nationwide.

When getting auto insurance quotes online, it’s very important that you do not buy lower coverage limits just to save a few bucks. In many instances, an accident victim reduced liability limits or collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. Your goal should be to buy enough coverage at the best cost while still protecting your assets.

A few companies may not provide the ability to get quotes online and usually these smaller providers work with independent agents. More affordable insurance is definitely available on the web and with local insurance agents, and you should be comparing both so you have a total pricing picture.

Additional information can be read below:

• Help Your Teen Be a Better Driver (State Farm)
• Reducing Your Risks in a Car Crash Video (iihs.org)
• Insurance Losses by Make and Model (iihs.org)
• What is Gap Insurance? (Insurance Information Insitute)