Cheap 2016 Cadillac SRX Insurance Rates

Getting the lowest price car insurance may at first seem to be challenging for vehicle owners not familiar with price shopping over the internet. With so many options of companies in the marketplace, how can drivers have the ability to compare every car insurance company to find the best available rates?

Smart consumers take time to get comparison quotes before your next renewal because prices change regularly. Despite the fact that you may have had the lowest rate for SRX coverage at your last renewal you will most likely find a better premium rate today. Forget all the misinformation about car insurance because you’re about to learn the proper way to save money, get proper deductibles and limits, all at the lowest rate.

The purpose of this article is to help educate you on how to get online quotes and some money-saving tips. If you have car insurance now, you stand a good chance to be able to save some money using this strategy. But consumers must know the methods companies use to market on the web because it can help you find the best coverage.

Discounts to earn affordable insurance coverage rates

Companies offering auto insurance do not list the entire discount list very well, so the list below gives a summary of a few of the more well known and also the lesser-known discounts that may be available.

  • Defensive Driver Discount – Taking time to complete a defensive driving course may get you a small discount and easily pay for the cost of the class.
  • Save over 55 – Older drivers may qualify for a slight reduction on a insurance coverage quote for SRX coverage.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags or automatic seat belts may get savings of 20 to 30 percent.
  • Low Mileage Discounts – Keeping the miles down on your Cadillac could earn better premium rates on cars that stay parked.
  • Claim-Free Discount – Insureds who avoid accidents and claims get the best insurance coverage rates when compared with accident-prone drivers.
  • Save with a New Car – Putting insurance on a new car can save up to 30% since newer models are generally safer.
  • Professional Memberships – Joining a professional or civic organization could trigger savings on insurance coverage.
  • Seat Belts Save – Using a seat belt and requiring all passengers to fasten their seat belts could cut 10% or more on the premium charged for medical payments and/or PIP.

A little disclaimer on discounts, some of the credits will not apply to your bottom line cost. Most only apply to the cost of specific coverages such as liability, collision or medical payments. If you do the math and it seems like you can get free auto insurance, nobody gets a free ride.

A few of the larger companies and some of the premium reductions they offer are:

  • Progressive policyholders can earn discounts including homeowner, online quote discount, online signing, good student, and multi-vehicle.
  • Farmers Insurance has discounts for bundle discounts, teen driver, business and professional, youthful driver, good student, and pay in full.
  • Farm Bureau discounts include youthful driver, 55 and retired, driver training, multi-policy, and multi-vehicle.
  • State Farm has savings for passive restraint, multiple policy, student away at school, good driver, good student, and defensive driving training.
  • Geico offers discounts for anti-lock brakes, air bags, good student, federal employee, and driver training.
  • SAFECO may have discounts that include bundle discounts, anti-theft, multi-car, homeowner, teen safety rewards, safe driver, and anti-lock brakes.
  • Liberty Mutual includes discounts for hybrid vehicle, new graduate, good student, preferred payment discount, multi-car, multi-policy, and safety features.

When getting a coverage quote, ask all the companies what discounts are available to you. Savings might not be offered on policies everywhere. To see a list of insurance companies who offer discounts, click here.

Six factors that influence insurance prices

Many factors are used when pricing auto insurance. Some of the criteria are obvious such as your driving history, but some are less obvious like your continuous coverage or how financially stable you are.Smart consumers have a good feel for the different types of things that are used to determine your premiums. If you know what influences your rates, this allows you to make educated decisions that can earn you cheaper rates.

  • Your vocation is a factor – Occupational choices like military generalsair traffic controllers and dentists generally pay higher rates than the rest of us due to high stress and incredibly demanding work hours. On the other hand, jobs such as scientists, engineers and the unemployed generally pay rates lower than average for SRX coverage.
  • Youthful drivers cost more – Beginning drivers are statistically shown to be inattentive and easily distracted with other occupants in the car so car insurance rates are higher. If you’ve ever had to add a young driver onto a policy can cause a big jump in price. Older, more experienced drivers are more cautious drivers, file fewer claims , and usually have better credit.
  • Limits of liability – The liability section of your policy provides coverage if ever you are found to be at fault for an accident. It provides legal defense coverage to defend your case. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so do not cut corners here.
  • A car insurance policy lapse can increase rates – Having a gap between insurance policy dates will be a sure-fire way to trigger a rate increase. And not only will insurance be more expensive, being ticketed for driving with no insurance could earn you a fine, jail time, or a revoked license. You could then be forced to submit proof of financial responsibility or a SR-22 with your state DMV.
  • Bundling policies can get discounts – Most major insurance companies will give discounts to buyers that buy multiple policies in the form of a multi-policy discount. Even with this discount, it’s always a smart idea to comparison shop to guarantee you are still saving the most.
  • Where you live can influence premiums – Living in smaller towns and rural areas of the country can be a good thing when insuring your vehicles. Less people living in that area means a lower chance of having an accident as well as less vandalism and auto theft. Residents of big cities have traffic congestion and a longer drive to work. Longer commute distances means more chances of being involved in an auto accident.

Tailor your auto insurance coverage to you

When buying coverage, there really is not a “best” method to buy coverage. Everyone’s situation is a little different.

Here are some questions about coverages that can aid in determining whether or not you would benefit from professional advice.

  • Can I rent a car in Mexico?
  • Are all vehicle passengers covered by medical payments coverage?
  • Is my cargo covered for damage or theft?
  • How much can I save by bundling my policies?
  • Do I have coverage when making deliveries for my home business?
  • Is my camper covered by my car insurance policy?
  • When do I need to add a new car to my policy?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed agent. If you want to speak to an agent in your area, fill out this quick form.

The coverage is in the details

Understanding the coverages of a car insurance policy can be of help when determining the right coverages for your vehicles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Comprehensive coverages – Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like a tree branch falling on your vehicle, damage from flooding, a broken windshield, falling objects and fire damage. The maximum amount your car insurance company will pay is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Coverage for medical payments – Med pay and PIP coverage reimburse you for short-term medical expenses like funeral costs, EMT expenses, pain medications, ambulance fees and nursing services. They are utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverages – This coverage pays to fix your vehicle from damage resulting from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as sustaining damage from a pot hole, driving through your garage door, hitting a mailbox, colliding with another moving vehicle and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. You can also raise the deductible to get cheaper collision coverage.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants as well as damage to your Cadillac SRX.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Usually these coverages are set the same as your liablity limits.

Auto liability – This provides protection from damage that occurs to a person or their property. It protects you against claims from other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Occasionally you may see a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability can pay for things such as court costs, bail bonds, loss of income, emergency aid and structural damage. How much liability should you purchase? That is a personal decision, but consider buying as large an amount as possible.

Pennies from heaven

In this article, we presented some good ideas how you can save on 2016 Cadillac SRX insurance. The key concept to understand is the more companies you get prices for, the better your chances of lowering your prices. You may even discover the best price on insurance coverage is with the smaller companies.

While you’re price shopping online, it’s a bad idea to skimp on coverage in order to save money. There have been many cases where consumers will sacrifice full coverage only to find out that their decision to reduce coverage ended up costing them more. Your aim should be to find the BEST coverage at a price you can afford.

A few companies may not offer internet price quotes and usually these small, regional companies only sell coverage through local independent agents. More affordable insurance coverage can be sourced online and also from your neighborhood agents, so you should be comparing quotes from both to have the best selection.

More information is located on the following sites:

Comments About 2016 Cadillac SRX Insurance

  1. Annamaria Holcomb

    GEICO quoted the best rates in Arizona.

  2. Earl King

    Hope my car insurance gets cheaper. I live just to the east of Raleigh, North Carolina. I quoted with Auto-Owners, Mercury, and some smaller one I can’t remember the name of for my 2016 Cadillac SRX and saved $402 a year. Ask about discounts. They have free quotes online.

  3. Mirna Faulkner

    Thanks for putting this site together. Proud to be from Wilmington, Delaware. I got free prices from State Farm, AIG Insurance, and Eastwood for my SRX and I’m now saving $33 a month.

  4. Monica Guerra

    Thanks for putting this site together. I’m in the suburbs of Norman, OK. Don’t remember every company but I ended up saving about $30 each month. Was with Esurance. I have a couple other vehicles on the policy.

  5. Zonia Dunlap

    I live in Dallas, TX. I quoted with GEICO, Auto-Owners, and Farmers for my 2016 Cadillac SRX and saved around $480 a year. I quoted rates online then called them.

  6. Parthenia Good

    This is too expensive. Checking in from Omaha, NE. Went online for free insurance quotes for a 2016 Cadillac SRX. Ended up at about $490 savings annually. Went with Allstate.

  7. Gregoria Crawford

    Just my two cents. I’m from San Diego, California. Don’t remember every company but I ended up saving about $30 each month. Insured with AIG Insurance before. Even increased my liability limits.

  8. Raye Lane

    For me, Allstate was by far the cheapest in Bangor, ME.

  9. Stephane Head

    I’m in the south part of Nampa, ID. Received quotes from Hartford, AAA, Safeco, and a couple others for my Cadillac and saved $383 a year. Can still barely afford it.

  10. Alonso Snow

    Live in Kansas City, MO. I got free quotes from Sentry, Esurance, Allstate, and AIG Insurance for my Cadillac and I think I saved around $40 each month. Good savings if you bundle.

  11. Jannette Norris

    State Farm has the cheapest rates in Wisconsin. No comparison.

  12. Delila Joyce

    If you have a good history and live in the vicinity of Biloxi, MS, check out Allstate. I saved quite a bit. Did it all online.