Being forced to pay for high-priced car insurance premiums can dwindle your savings account and require stricter spending habits. Comparing cost estimates can be a smart way to slash your bill and have more diposable income.
Insurance companies such as Geico and Progressive all promote huge savings with ad campaigns and it is difficult to see through the cute green geckos and mayhem and take the time to shop coverage around.
When shopping for auto insurance there are multiple ways to compare rate quotes from companies that offer auto insurance in your state. The best way to find the cheapest 2015 Cadillac CTS insurance rates involves getting comparison quotes online. It is quite easy and can be accomplished in a couple of different ways.
For a list of companies in your area, click here.
It doesn’t matter which method you choose, just ensure you are comparing apples-to-apples deductibles and coverage limits with each company. If you are comparing different data it’s impossible to make an equal comparison. Just slight variations in insurance coverages or limits could throw off the whole comparison. And when quoting auto insurance, remember that obtaining a wide range of quotes will enable you to find lower pricing.
When choosing adequate coverage, there is no “perfect” insurance plan. Everyone’s situation is unique so your insurance needs to address that. For instance, these questions could help you determine whether you would benefit from professional advice.
If it’s difficult to answer those questions then you might want to talk to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier
Knowing the specifics of insurance helps when choosing appropriate coverage for your vehicles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types found on most insurance policies.
Collision coverage – This covers damage to your CTS resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage protects against claims like sideswiping another vehicle, crashing into a building, rolling your car and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from lower value vehicles. It’s also possible to bump up the deductible to bring the cost down.
Comprehensive coverage – Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things like damage from flooding, hitting a deer, hitting a bird and hail damage. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.
Uninsured/Underinsured Motorist coverage – This provides protection from other motorists when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Cadillac CTS.
Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
Medical payments coverage and PIP – Med pay and PIP coverage pay for immediate expenses such as X-ray expenses, prosthetic devices, ambulance fees, nursing services and pain medications. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants as well as if you are hit as a while walking down the street. PIP is only offered in select states and gives slightly broader coverage than med pay
Liability auto insurance – Liability insurance can cover damage that occurs to people or other property in an accident. It protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.
Liability insurance covers claims like pain and suffering, court costs, structural damage and loss of income. How much coverage you buy is a personal decision, but buy as large an amount as possible.