Cheaper 2013 Cadillac CTS Insurance Rates

Expensive insurance coverage can take a big chunk out of your savings account and make it impossible to make ends meet. Comparing price quotes is free, only takes a few minutes, and is a good way to tighten up your finances.

Drivers have so many insurers to purchase coverage from, and though it is a good thing to have a choice, too many choices makes it more difficult to find a good deal.

The purpose of this article is to tell you how to get online quotes and some money-saving tips. If you currently have car insurance, you should be able to reduce your rates substantially using this strategy. Although consumers must understand how big insurance companies price insurance differently and apply this information to your search.

Cheap Auto Insurance Comparisons

To find the best auto insurance prices, there are several ways to get quotes from local auto insurance companies. One of the best ways to find the cheapest 2013 Cadillac CTS insurance rates is simply to get online rate quotes. This can be accomplished in a couple of different ways.

  • The single most time-saving way to compare a lot of rates at once is a comparison rater form (click to open form in new window). This method saves time by eliminating repetitive form submissions for every auto insurance company. A single, simple form gets you coverage quotes from many national carriers.
  • A more difficult way to analyze rates requires you to visit the website for every company you want to comare and fill out their own quote form. For instance, let’s say you want comparison quotes from Nationwide, Liberty Mutual and Progressive. To find out each rate you need to go to every website to enter your coverage information, which is why the first method is more popular. For a list of links to insurance companies in your area, click here.

Whichever method you choose, make sure you use apples-to-apples information for each price quote. If you use different deductibles you will not be able to determine the best price for your Cadillac CTS. Slightly different limits may result in large price differences. Just keep in mind that comparing more company’s prices provides better odds of finding better pricing.

Do insurance companies bend the truth?

Insurance companies such as Progressive, Allstate and GEICO regularly use television and radio advertisements. They all seem to have a common claim about savings if you move your policy. But how can every company say the same thing? This is how they do it.

All the different companies have a preferred profile for the type of customer that is profitable for them. A good example of a profitable customer might be over the age of 40, insures multiple vehicles, and chooses high deductibles. Any driver who matches those parameters will qualify for the lowest rates and most likely will save when they switch companies.

Potential insureds who don’t qualify for the requirements will be quoted more money and this can result in business not being written. The ads say “people who switch” not “everybody who quotes” save that kind of money. That’s why companies can truthfully make those claims.

This emphasizes why you absolutely need to compare as many rates as you can. Because you never know the company that will fit your personal profile best.

Cadillac CTS insurance rates have many determining factors

Smart consumers have a good feel for the factors that go into determining auto insurance rates. Having a good understanding of what impacts premium levels helps enable you to make changes that will entitle you to lower auto insurance prices.

Listed below are some of the items that factor into prices.

  • Frequent auto insurance claims increase rates – Companies generally give cheaper rates to insureds who do not rely on their insurance for small claims. If you tend to file frequent claims, you can definitely plan on either policy cancellation or increased premiums. Car insurance is intended to be relied upon for major claims that would cause financial hardship.
  • Safer cars are cheaper to insure – Safer cars tend to have better insurance rates. Safer cars result in less severe injuries and better occupant protection translates into fewer and smaller insurance claims passed on to you as lower rates. If the Cadillac CTS earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
  • Marriage pays dividends – Being married actually saves money on your policy. Having a significant other translates into being more mature and responsible and statistics show being married results in fewer claims.
  • Liability coverage is peace of mind – Your policy’s liability coverage is the coverage that protects you if a jury decides you are liable for personal injury or accident damage. Liability provides legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so do not cut corners here.

Don’t miss these discounts

The cost of insuring your cars can be expensive, buy you may qualify for discounts to cut the cost considerably. Most are applied when you complete an application, but a few must be manually applied before you get the savings.

  • Own a Home – Owning a home can help you save on auto insurance because owning a home requires personal responsibility.
  • Drivers Education – Cut your cost by having your teen driver take driver’s ed class if offered at their school.
  • Anti-theft System – Vehicles with anti-theft systems can help prevent theft and will save you 10% or more.
  • Life Insurance Discount – Some companies give a break if you buy a life insurance policy as well.
  • No Charge for an Accident – A few companies allow you one accident before your rates go up if you are claim-free prior to the accident.
  • Bundle and Save – If you insure your home and vehicles with the same company you will save approximately 10% to 15%.
  • Service Members Pay Less – Being on active duty in the military could be rewarded with lower premiums.
  • Good Student Discount – Getting good grades can get you a discount of up to 25%. The discount lasts well after school through age 25.
  • No Accidents – Claim-free drivers pay less compared to accident-prone drivers.
  • Sign Online – A handful of insurance companies may give you up to $50 for buying a policy and signing up over the internet.

Keep in mind that many deductions do not apply the the whole policy. Most only apply to the price of certain insurance coverages like liability and collision coverage. Just because it seems like all the discounts add up to a free policy, it doesn’t quite work that way. But any discount will reduce the amount you have to pay.

To see a list of companies offering auto insurance discounts, click here.

When might I need help?

When it comes to buying the right insurance coverage, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For instance, these questions might help in determining if your insurance needs could use an agent’s help.

  • Am I better off with higher deductibles on my 2013 Cadillac CTS?
  • Should I have combined single limit or split liability limits?
  • How many claims can I have before being cancelled?
  • Does my personal policy cover me when driving out-of-state?
  • Is motorclub coverage worth it?
  • Does my insurance cover a custom paint job?
  • What are the financial responsibility laws in my state?
  • What is medical payments coverage?
  • Why do I only qualify for high-risk insurance?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Insurance coverages and their meanings

Knowing the specifics of your policy aids in choosing appropriate coverage at the best deductibles and correct limits. Insurance terms can be impossible to understand and reading a policy is terribly boring. These are typical coverages available from insurance companies.

Collision coverage protection

This coverage covers damage to your CTS resulting from a collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as rolling your car, hitting a parking meter, colliding with another moving vehicle and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist coverage

This coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your 2013 Cadillac CTS.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Normally these coverages are similar to your liability insurance amounts.

Auto liability

This coverage provides protection from damage that occurs to a person or their property by causing an accident. This coverage protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 50/100/50 that translate to a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things like pain and suffering, bail bonds, funeral expenses, medical expenses and attorney fees. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Medical payments coverage and PIP

Med pay and PIP coverage pay for immediate expenses such as nursing services, hospital visits, doctor visits and EMT expenses. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers you and your occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not universally available and may carry a deductible

Comprehensive coverage

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as fire damage, vandalism, damage from flooding and hitting a deer. The most a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Shop Smart and Save

We just covered many tips how you can lower your 2013 Cadillac CTS insurance rates. It’s most important to understand that the more quotes you get, the better chance you’ll have of finding lower rates. Drivers may discover the lowest rates come from the least-expected company. Some small companies can often provide lower rates in certain areas compared to the large companies like Allstate, GEICO and Progressive.

Cheap insurance can be purchased both online and also from your neighborhood agents, so compare prices from both to have the best chance of lowering rates. A few companies may not provide the ability to get a quote online and these regional insurance providers work with independent agents.

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