Cheap 2008 Cadillac STS-V Insurance Quotes

Are you overwhelmed by the wide range of auto insurance company choices? You have a lot of company. There are so many companies to choose from that it can be a real challenge to find the perfect company for you.

It’s smart to take a look at other company’s rates at least once a year since rates tend to go up over time. If you had the lowest price for STS-V insurance two years ago there is a good chance you can find better rates now. There is a lot of bad advice regarding auto insurance on the internet, so by reading this article, you’re going to learn a bunch of ideas how to quit paying high auto insurance rates.

Cadillac STS-V insurance rates are influenced by…

An important part of buying insurance is that you know some of the elements that play a part in calculating car insurance rates. Having a good understanding of what controls the rates you pay enables informed choices that could result in lower car insurance prices.

Shown below are some of the items car insurance companies consider when setting premiums.

  • Better credit scores mean better rates – A driver’s credit rating is a huge factor in determining your rates. Consumers who have high credit scores tend to be less risk to insure as compared to drivers with lower credit scores. So if your credit rating can use some improvement, you could potentially save money when insuring your 2008 Cadillac STS-V by improving your rating.
  • High deductibles save money – Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, is used to repair damage to your Cadillac. Some instances where coverage would apply could be collision with another vehicle, damage from fire, and burglary. Your deductibles are how much you are required to spend before your car insurance pays a claim. The more expense you are required to pay out-of-pocket, the less your company will charge you for insurance for STS-V insurance.
  • Your stress level may be raising your rates – Occupations such as real estate brokers, social workers and financial analysts tend to have higher average rates because of stressful work requirements and long work hours. Conversely, professions such as pilots, engineers and retirees receive lower rates for STS-V insurance.
  • Too many car insurance claims drive up costs – If you tend to file frequent claims, you can pretty much guarantee either a policy non-renewal or much higher rates. Companies give better rates to policyholders who do not rely on their insurance for small claims. Auto insurance is intended for the large, substantial claims.
  • Where you live can impact rates – Residing in small towns and rural areas has it’s advantages when insuring your vehicles. Lower population means reduced accidents and a lower car theft rate. City drivers regularly have congested traffic and much longer commute distances. Higher commute times translates into higher accident risk.

Comprehensive Insurance Comparison

When shopping for insurance there are multiple ways of comparing rates and find the best price. The best method to find the cheapest 2008 Cadillac STS-V insurance rates consists of shopping online. This can be accomplished using a couple different methods.

  1. One of the simplest ways consumers can make multiple comparisons is a comparison rater form like this one (opens in new window). This type of form eliminates the need for separate quotes for each company. In just a few minutes this one form gets rate comparisons from many national carriers. It’s the fastest way to compare.
  2. Another way to get quotes online requires you to visit the website for each individual company to complete their respective quote request forms. For example, let’s assume you want to compare Farmers, GEICO and American Family. To find out each rate you need to spend time on each company’s site to enter your coverage information, which is why the first method is quicker. To view a list of companies in your area, click here.
  3. The least recommended method of comparing rate quotes is driving to and from local insurance agencies. The ability to buy insurance online can eliminate the need for a local agent unless you require the professional guidance of a local agent. However, consumers can price shop online but still have the advice of a local agent and you’ll learn how to do that later.

It’s your choice how you get your quotes, but compare identical information for each price quote. If you enter different limits and deductibles on each one it’s not possible to make an equal comparison. Just a small difference in insurance coverages can result in a big premium difference. And when comparison shopping, comparing a large number of companies helps locate a lower rate.

The fine print in insurance ads

Companies like GEICO, State Farm and Progressive consistently run television and radio advertisements. All the ads make an identical promise about savings if you change to their company. But how can every company make the same claim?

All companies have a certain “appetite” for the driver that makes them money. An example of a profitable customer could possibly be between 30 and 50, insures multiple vehicles, and chooses high deductibles. A propective insured who meets those qualifications gets the lowest rates and is almost guaranteed to save when switching.

Potential insureds who are not a match for the requirements must pay a higher premium which usually ends up with business not being written. The ads state “customers that switch” but not “drivers who get quotes” save that much. That’s why companies can advertise the way they do.

This illustrates why you should get a wide range of price quotes. It’s not possible to predict which insurance companies will give you the biggest savings on Cadillac STS-V insurance.

Pay less for Cadillac STS-V insurance

The cost of insuring your cars can be expensive, but there could be available discounts to help offset the cost. Certain discounts will be applied at the time of purchase, but lesser-known reductions have to be specifically requested before being credited.

  • Sign Online – Some insurance companies will give a small break just for signing your application online.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes can reduce accidents and earn discounts up to 10%.
  • No Accidents – Claim-free drivers can save substantially when compared to bad drivers.
  • New Car Discount – Buying coverage on a new vehicle can save up to 30% since new cars are generally safer.
  • Drivers Education – Have your child complete a driver education course if offered at their school.
  • Discount for Swiching Early – Select companies give a discount for switching policies prior to your current policy expiring. The savings is around 10%.
  • Bundle and Save – When you have multiple policies with the same insurance company you may save at least 10% off all policies.

Consumers should know that most discounts do not apply to the entire policy premium. Most only apply to the price of certain insurance coverages like liability and collision coverage. So when it seems like adding up those discounts means a free policy, insurance companies aren’t that generous. But all discounts will bring down the cost of coverage.

Insurance companies who might offer these benefits include:

Double check with each insurance company how you can save money. Some discounts may not apply in every state.

Tailor your coverage to you

When it comes to choosing proper insurance coverage for your personal vehicles, there is no perfect coverage plan. Every insured’s situation is different.

For example, these questions might help in determining if your situation could use an agent’s help.

  • How can I force my company to pay a claim?
  • How much liability do I need to cover my assets?
  • I have a DUI can I still get coverage?
  • Should I bundle my homeowners policy with my auto?
  • What is UM/UIM insurance?
  • How much underlying liability do I need for an umbrella policy?

If it’s difficult to answer those questions then you might want to talk to an agent. If you want to speak to an agent in your area, simply complete this short form.

Insurance coverage options for a 2008 Cadillac STS-V

Learning about specific coverages of a insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be ambiguous and nobody wants to actually read their policy.

Collision protection

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

Collision insurance covers claims such as crashing into a ditch, hitting a mailbox, driving through your garage door, backing into a parked car and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also bump up the deductible to save money on collision insurance.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your Cadillac STS-V.

Because many people have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Liability auto insurance

Liability coverage provides protection from damages or injuries you inflict on other’s property or people by causing an accident. This insurance protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

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 policy limits of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Another option is a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability coverage pays for things such as pain and suffering, medical services, medical expenses, repair bills for other people’s vehicles and loss of income. How much coverage you buy is a personal decision, but buy higher limits if possible.

Insurance for medical payments

Med pay and PIP coverage pay for bills such as surgery, EMT expenses, doctor visits, dental work and chiropractic care. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. It covers you and your occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and may carry a deductible

Comprehensive coverage (or Other than Collision)

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like vandalism, hitting a deer, hitting a bird and damage from getting keyed. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Have the Midas touch

While you’re price shopping online, it’s a bad idea to buy less coverage just to save a little money. There have been many situations where consumers will sacrifice full coverage to discover at claim time that the small savings ended up costing them much more. Your aim should be to buy enough coverage at a price you can afford while still protecting your assets.

In this article, we presented many ideas to lower your 2008 Cadillac STS-V insurance rates. It’s most important to understand that the more rate quotes you have, the higher your chance of finding lower rates. You may even discover the lowest premiums are with some of the lesser-known companies.

Cheaper insurance is possible from both online companies as well as from independent agents, and you need to price shop both in order to have the best price selection to choose from. Some companies don’t offer online quoting and these regional insurance providers work with independent agents.

For more information, take a look at the resources below: