2006 Cadillac STS Insurance Rates – 5 Tips for Best Quotes

I can’t think of anyone who enjoys paying for car insurance, especially when the price is too high. There is such a variety of auto insurance companies to pick from, and although it’s nice to have a selection, so many choices can make it hard to adequately compare rates.

Are you getting all your discounts?

Car insurance is not cheap, but you may find discounts to help bring down the price. Larger premium reductions will be automatically applied at the time you complete a quote, but less common discounts must be requested specifically prior to receiving the credit. If you’re not getting every credit possible, you are throwing money away.

  • Pay Upfront and Save – If you pay your entire premium ahead of time instead of paying each month you could save up to 5%.
  • Sign Online – Certain companies may give you up to $50 for buying a policy and signing up on their website.
  • Federal Employees – Being employed by or retired from a federal job can earn a discount up to 10% on STS coverage with certain companies.
  • Safe Driver Discount – Drivers who avoid accidents may save up to 50% more on STS coverage than drivers with accident claims.
  • Low Mileage Discounts – Driving fewer miles could be rewarded with a substantially lower rate.

As a disclaimer on discounts, most credits do not apply the the whole policy. Some only reduce individual premiums such as comp or med pay. So despite the fact that it appears having all the discounts means you get insurance for free, car insurance companies aren’t that generous. Any qualifying discounts will cut your overall premium however.

Insurance companies that may offer these discounts include:

Before buying, ask each insurance company which discounts you may be entitled to. Some discounts may not be available everywhere.

Tailor your coverage to you

When choosing the right insurance coverage for your vehicles, there isn’t really a cookie cutter policy. Each situation is unique and a cookie cutter policy won’t apply. These are some specific questions may help highlight whether your personal situation may require specific advice.

  • Is rental equipment covered for theft or damage?
  • Do I really need UM/UIM coverage?
  • What is medical payments coverage?
  • What if I owe more than I can insure my car for?
  • Should I buy more coverage than the required minimum liability coverage?
  • How does medical payments coverage work?
  • Does my policy cover me when driving someone else’s vehicle?
  • Does my car insurance cover rental cars?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It only takes a few minutes and you can get the answers you need.

What insurance coverages do you need?

Learning about specific coverages of your insurance policy can help you determine the right coverages and the correct deductibles and limits. Insurance terms can be impossible to understand and coverage can change by endorsement. Listed below are the usual coverages found on the average insurance policy.

UM/UIM Coverage

This protects you and your vehicle when other motorists either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your 2006 Cadillac STS.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Medical costs insurance

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for hospital visits, EMT expenses and surgery. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Collision coverage

This will pay to fix damage to your STS resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like hitting a parking meter, driving through your garage door and damaging your car on a curb. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. You can also raise the deductible to get cheaper collision coverage.

Liability car insurance

Liability coverage can cover injuries or damage you cause to a person or their property in an accident. It protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Some companies may use a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims such as emergency aid, loss of income, repair costs for stationary objects and medical expenses. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive or Other Than Collision

This pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as theft, damage from a tornado or hurricane, hitting a bird, a broken windshield and vandalism. The highest amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Save your hard earned cash

We covered a lot of ways to shop for 2006 Cadillac STS insurance online. The most important thing to understand is the more price quotes you have, the better likelihood of reducing your rate. Consumers could even find that the lowest rates come from a small mutual company. Smaller companies can often provide lower rates in certain areas than their larger competitors like State Farm and Allstate.

As you go through the steps to switch your coverage, make sure you don’t skimp on critical coverages to save a buck or two. In many cases, an accident victim reduced liability limits or collision coverage and found out when filing a claim that it was a big mistake. Your strategy should be to buy a smart amount of coverage at a price you can afford, not the least amount of coverage.

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