Looking for better auto insurance rates for your Cadillac ATS? Expensive auto insurance can empty your savings account and force you to prioritize other expenses. Doing a price comparison is free, only takes a few minutes, and is a good way to help make ends meet.
You have so many car insurance companies to insure vehicles with, and although it’s a good thing to have a choice, too many choices makes it more difficult to locate the cheapest rates.
The purpose of this post is to introduce you to how car insurance quotes work and some tips to save money. If you currently have car insurance, you will be able to save some money using these techniques. Nevertheless, consumers need to have an understanding of the way insurance companies sell insurance online and use this information to your advantage.
Properly insuring your vehicles can get expensive, but there could be available discounts to help bring down the price. Larger premium reductions will be automatically applied when you purchase, but less common discounts must be requested specifically before being credited.
Keep in mind that many deductions do not apply to your bottom line cost. Most cut the cost of specific coverages such as medical payments or collision. So even though it sounds like adding up those discounts means a free policy, you won’t be that lucky. Any qualifying discounts will help reduce the amount you have to pay.
For a list of companies with discount car insurance rates, follow this link.
When buying the right insurance coverage for your personal vehicles, there really is not a “perfect” insurance plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For example, these questions might help in determining if your insurance needs could use an agent’s help.
If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies.
Companies like Progressive, Allstate and GEICO constantly bombard you with ads on TV and radio. All the ads make the same claim that you’ll save big if you switch your coverage to them. But how can every company make the same claim? This is how they do it.
All companies have a certain “appetite” for the right customer that makes them money. For instance, a driver they prefer could be between the ages of 40 and 55, has no prior claims, and has excellent credit. A customer who meets those qualifications is entitled to the best price and is almost guaranteed to pay quite a bit less when switching companies.
Potential insureds who don’t meet the “perfect” profile will be charged a more expensive rate which leads to business going elsewhere. Company advertisements say “customers that switch” not “everyone that quotes” save that kind of money. That’s why insurance companies can confidently claim big savings.
That is why you need to get a wide range of price quotes. Because you never know the company that will give you the biggest savings on Cadillac ATS insurance.
Having a good grasp of your policy helps when choosing which coverages you need for your vehicles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverage types found on the average auto insurance policy.
Med pay and Personal Injury Protection (PIP)
Personal Injury Protection (PIP) and medical payments coverage kick in for expenses like dental work, chiropractic care, pain medications and EMT expenses. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay
Uninsured/Underinsured Motorist (UM/UIM)
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your 2014 Cadillac ATS.
Because many people only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Usually the UM/UIM limits do not exceed the liability coverage limits.
Coverage for liability
Liability coverage protects you from injuries or damage you cause to other’s property or people that is your fault. It protects YOU against claims from other people. It does not cover your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 50/100/50 which stand for $50,000 bodily injury coverage, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.
Liability can pay for claims such as attorney fees, loss of income and structural damage. How much liability coverage do you need? That is your choice, but you should buy as much as you can afford.
Collision insurance covers damage to your ATS from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.
Collision can pay for claims such as colliding with another moving vehicle, damaging your car on a curb, crashing into a ditch and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to get cheaper collision coverage.
Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive insurance covers things such as theft, damage from getting keyed, hail damage and a broken windshield. The highest amount your auto insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
The cheapest 2014 Cadillac ATS insurance can be sourced from both online companies in addition to many insurance agents, so you should compare both to have the best selection. There are still a few companies who do not provide online price quotes and many times these small, regional companies only sell through independent insurance agents.
As you restructure your insurance plan, it’s a bad idea to buy lower coverage limits just to save a few bucks. In many instances, an accident victim reduced uninsured motorist or liability limits and discovered at claim time that it was a big error on their part. Your focus should be to find the BEST coverage at a price you can afford, not the least amount of coverage.