2016 Cadillac CTS-V Insurance Rates

Looking for better car insurance rates for your Cadillac CTS-V? Being forced to pay for expensive car insurance premiums can draw down your funds and possibly require postponing other expenditures. Performing a price comparison can help to make sure you’re not throwing money away.

Big companies like Allstate, Liberty Mutual and State Farm continually hit you with ad campaigns and it can be hard to ignore the flashy ads and effectively compare rates to find the best deal.

It’s a great practice to get comparison quotes before your policy renews because car insurance rates tend to go up over time. If you had the lowest rate on CTS-V insurance last year there may be better deals available now. Block out anything you think you know about car insurance because we’re going to show you the right way to reduce your cost while increasing coverage.

If you currently have a car insurance policy, you should be able to save some money using this information. Choosing the best insurance company for you is easy if you know what you’re doing. Although drivers do need to understand how companies market on the web and use this information to your advantage.

Four things that determine your insurance costs

Part of the insurance coverage buying process is learning a few of the rating criteria that aid in calculating your premiums. If you have some idea of what determines base rates, this allows you to make good choices that may reward you with lower premium levels.

  • Safer cars means better prices – Vehicles that have high safety ratings get lower rates. Safer cars result in less severe injuries and fewer injuries translates directly to fewer claims and lower rates for you.
  • Expect high rates for teens – More experienced drivers are proven to be safer behind the wheel, statistically cause fewer accidents and tend to be get fewer driving tickets.Beginning drivers have been known to be inattentive and easily distracted with other occupants in the car therefore insurance coverage rates are much higher.
  • Additional coverages that may be costing you – There are a lot of extra add-on coverages that can waste your money but may not be useful. Add-on coverages like vanishing deductibles, death and dismemberment, and motor club memberships are some examples. They may seem like a good idea when discussing your needs, but now you might not need them so remove them from your policy.
  • Too many insurance coverage claims and you’ll pay more – If you’re an insured who likes to file claims you can look forward to much higher rates or policy non-renewal. Companies award cheaper rates to policyholders who only file infrequent claims. Auto insurance is meant to be used in the event of the large, substantial claims.

Lower rates by qualifying for discounts

Car insurance companies don’t list every discount they offer in a way that’s easy to find, so the next list breaks down both the well known as well as some of the hidden credits that may apply to you. If you don’t get every credit you qualify for, you are not getting the best rate possible.

  • Anti-lock Brake Discount – Vehicles that have steering control and anti-lock brakes can avoid accidents and qualify for as much as a 10% discount.
  • Multi-car Discount – Buying a policy with several vehicles on one policy can get a discount on all vehicles.
  • Discounts for Good Drivers – Drivers who avoid accidents can save up to 40% or more on their insurance coverage quote on CTS-V insurance than less cautious drivers.
  • Accident-Free Discounts – Insureds who avoid accidents and claims are rewarded with significantly better rates on insurance coverage quote as compared to drivers with a long claim history.
  • Defensive Driver Discount – Completing a driver safety course could earn you a small percentage discount if your company offers it.
  • Federal Government Employee – Active or former government employment could provide a small rate reduction on CTS-V insurance with certain companies.
  • Good Student Discount – A discount for being a good student can earn a discount of 20% or more. You can use this discount normally well after school through age 25.
  • Clubs and Organizations – Affiliation with a civic or occupational organization could trigger savings on your policy.
  • One Accident Forgiven – Not necessarily a discount, but a few companies such as Liberty Mutual, Allstate and State Farm will let one accident slide before they charge you more for coverage with the catch being you have to be claim-free for a particular time prior to the accident.

A little disclaimer on discounts, most discount credits are not given to the overall cost of the policy. Most only cut the cost of specific coverages such as liability and collision coverage. So despite the fact that it appears all those discounts means the company will pay you, car insurance companies aren’t that generous.

A list of car insurance companies and a partial list of their discounts are included below.

  • State Farm may include discounts for Drive Safe & Save, student away at school, passive restraint, good driver, good student, multiple policy, and driver’s education.
  • Farmers Insurance includes discounts for good student, electronic funds transfer, youthful driver, business and professional, teen driver, and multi-car.
  • Progressive offers discounts for good student, homeowner, multi-policy, multi-vehicle, online signing, online quote discount, and continuous coverage.
  • Geico has savings for emergency military deployment, defensive driver, driver training, five-year accident-free, membership and employees, and good student.
  • Auto-Owners Insurance offers discounts including company car, multi-policy, paid in full, teen driver, anti-theft, and air bags.
  • The Hartford may offer discounts for defensive driver, anti-theft, good student, bundle, vehicle fuel type, driver training, and air bag.
  • Farm Bureau has discounts for driver training, 55 and retired, multi-policy, youthful driver, renewal discount, and safe driver.
  • USAA offers premium reductions for multi-policy, military installation, vehicle storage, new vehicle, and multi-vehicle.

Double check with each company or agent what discounts are available to you. Some of the earlier mentioned discounts may not apply in your area. If you would like to view providers that provide some of the discounts listed above, click this link.

Car insurance is unique, just like you

When choosing the right insurance coverage, there really is no cookie cutter policy. Every insured’s situation is different so your insurance needs to address that. Here are some questions about coverages that might point out whether your personal situation may require specific advice.

  • Is there coverage for injuries to my pets?
  • Does my car insurance cover rental cars?
  • How much liability coverage do I need in my state?
  • What is the ISO rating for a 2016 Cadillac CTS-V?
  • Are my friends covered when driving my car?
  • Why does it cost so much to insure a teen driver?
  • Will I lose any money if I cancel my policy before it expires?
  • Will my rates increase for filing one claim?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

Insurance specifics

Knowing the specifics of your policy aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find the normal coverages offered by insurance companies.

Comprehensive coverages

This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like vandalism, hail damage, a tree branch falling on your vehicle, falling objects and hitting a bird. The most a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Liability car insurance

Liability insurance will cover damage that occurs to people or other property by causing an accident. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 which means $100,000 bodily injury coverage, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability can pay for things such as loss of income, attorney fees and legal defense fees. How much liability coverage do you need? That is your choice, but you should buy higher limits if possible.

Collision coverage

This coverage pays for damage to your CTS-V from colliding with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims such as scraping a guard rail, colliding with a tree, rolling your car and hitting a parking meter. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. You can also bump up the deductible to get cheaper collision coverage.

Uninsured and underinsured coverage

This provides protection from other drivers when they do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your 2016 Cadillac CTS-V.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Coverage for medical payments

Coverage for medical payments and/or PIP pay for short-term medical expenses like funeral costs, pain medications, ambulance fees, surgery and rehabilitation expenses. They are used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

In any little way, save everyday

We just presented many ways to reduce 2016 Cadillac CTS-V insurance car insurance rates online. The key concept to understand is the more price quotes you have, the better your comparison will be. You may be surprised to find that the best price on auto insurance is with the smaller companies. These companies may cover specific market segments cheaper compared to the large companies like Allstate, Geico and Progressive.

Some insurance companies don’t offer internet price quotes and most of the time these small insurance companies only sell through local independent agents. Lower-priced auto insurance can be sourced from both online companies as well as from independent agents, so you should compare both to have the best selection.

Additional information can be read on the following sites:

Comments About 2016 Cadillac CTS-V Insurance

  1. Alexandria Moss

    I’m looking for cheaper coverage. I live on the west side of Buffalo, New York. Received quotes from 21st Century, AAA, and some I forget for my CTS-V and saved just over $540 a year. Left Liberty Mutual to switch. Good multi-policy discounts. Bought it from an online quote.

  2. Ilona Lynch

    Compared rates with 21st Century and Auto-Owners but still pricey.

  3. Gilda Vance

    Progressive was cheapest for my 2016 Cadillac CTS-V in Great Falls, MT.

  4. Lizette Schmidt

    Live in the northern part of Juneau, AK. Quoted with 21st Century, American Family, and some I forget for my 2016 Cadillac CTS-V and I’m now saving $32 a month.

  5. Sharilyn King

    2016 Cadillac CTS-V + Progressive = CHEAP! At least inKentucky anyway.

  6. Arlena Fernandez

    Live in the northern part of Charleston, SC. Got rates from Allstate, Amica, and some I forget for my CTS-V and I think I saved about $70 each month. I get lower rates because of my clean driving record. Get lots of quotes to find the best rate.

  7. Mi Bowers

    I found pretty cheap rate quotes for a 2016 Cadillac CTS-V in Memphis, TN. Ended up at about $110 every six months with Auto-Owners. I have a teen driver too.

  8. Stanton Monroe

    If you don’t have tickets and live around South Burlington, VT, check out Progressive. You might get cheaper rates. I got a quote from their website.

  9. Azalee Dawson

    I got a good deal I think. I live on the east side of San Jose, CA. Not sure of all the companies but I ended up saving about $30 each month.

  10. Pauline Faulkner

    Lifelong resident of Provo, UT. Quoted a bunch of companies. Saved roughly $50 a month. Allstate was the cheapest option for me. Might find lower rates online.

  11. Vance Koch

    If you have a good history and live around Rio Rancho, NM, check out GEICO. They seem to be cheaper. Just waiting to see how claims go.

  12. Norbert Barnett

    I got a good deal I think. Quoted with Auto-Owners for my CTS-V and cut my rates about $360 a year. Was with Hanover. Good multi-policy discounts. Might find lower rates online.

  13. Aura Flowers

    Not sure if this is cheap. Live in Honolulu, HI. Checked online prices for a 2016 Cadillac CTS-V. Ended up at about $300 savings annually. Went with 21st Century. I have a couple other vehicles on the policy. Wish I didn’t have to insure at all.

  14. Kiesha Emerson

    It all costs too much. From a town just southwest of Charlotte, NC. Not sure of all the companies but I ended up saving about $60 each month. I have a couple other vehicles on the policy. I quoted rates online then called them.

  15. Jarvis Cantrell

    Good detail in your article. Located in South Burlington, VT. Received quotes from Amica, Nationwide, and USAA for my 2016 Cadillac CTS-V and saved $310 a year. Left Western Auto Insurance to switch.

  16. Hallie Oneal

    I drive uninsured.

  17. Kevin Flowers

    Will State Farm cancel me if I have an accident?