Cheaper 2014 Cadillac CTS-V Coupe Car Insurance Rates

Searching for lower insurance coverage rates? Consumers have a choice when looking for the lowest priced Cadillac CTS-V Coupe insurance. You can either spend your time calling around getting price quotes or use the internet to compare rates. There are more efficient ways to buy insurance coverage so you’re going to learn the proper way to compare rates on a Cadillac and find the lowest possible price from both online companies and local agents.

Finding the best rates is not rocket science. If you have car insurance now, you will most likely be able to save some money using these tips. Drivers just need to know the tricks to compare price quotes on the web.

These discounts can lower your rates

Companies offering auto insurance don’t always list all their discounts very well, so we took the time to find both well-publicized as well as the least known discounts you could be receiving. If you don’t get every credit available, you’re paying more than you need to.

  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to enroll in driver’s education in school.
  • Homeowners Savings – Owning a house can save you money due to the fact that maintaining a home shows financial diligence.
  • Lower Rates for Military – Being on active duty in the military could mean lower rates.
  • 55 and Retired – If you’re over the age of 55, you can possibly qualify for reduced rates on CTS-V Coupe insurance.
  • Save with a New Car – Buying coverage on a new vehicle can cost up to 25% less since new cars are generally safer.

Keep in mind that most of the big mark downs will not be given to the overall cost of the policy. Some only reduce individual premiums such as liability, collision or medical payments. Just because you may think adding up those discounts means a free policy, you won’t be that lucky.

To see a list of providers with discount car insurance rates, click here.

Cadillac CTS-V Coupe insurance premiums are calculated by many factors

Smart consumers have a good feel for the different types of things that come into play when calculating the price you pay for insurance. Understanding what controls the rates you pay allows you to make educated decisions that could result in lower insurance prices.

The list below includes some of the factors companies use to determine premiums.

  • Being married is a good thing – Getting married can get you a discount on insurance. It is viewed as being more mature than a single person it has been statistically shown that being married results in fewer claims.
  • Your insurance rates can be influenced by your job – Did you know your occupation can influence how much you pay for insurance? Careers like lawyers, business owners and dentists tend to have the highest average rates due to high stress levels and lots of time spent at work. Other occupations such as farmers, historians and performers receive lower rates on CTS-V Coupe insurance.
  • Allowing your policy to lapse raises rates – Having an insurance coverage lapse will be a sure-fire way to bump up your insurance costs. Not only will you pay more, but not being able to provide proof of insurance might get you a revoked license or a big fine.You may need to submit proof of financial responsibility or a SR-22 with your state motor vehicle department.
  • Males pay more for insurance – Statistics have proven that women are safer drivers than men. However, this does not mean men are WORSE drivers than women. They both tend to get into accidents in similar percentages, but the men have costlier accidents. Men also statistically have more aggressive citations such as reckless driving. Young males tend to get in the most accidents and therefore have the most expensive insurance rates.
  • Safer cars cost less to insure – Safer cars are cheaper to insure. Safe vehicles have better occupant injury protection and any reduction in injury severity translates into fewer and smaller insurance claims and more competitive rates for policyholders. If the Cadillac CTS-V Coupe earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
  • Your credit rating is important – A driver’s credit history is a large factor in determining your rates. If your credit score is not that good, you could be paying less to insure your 2014 Cadillac CTS-V Coupe by repairing your credit. Consumers who have excellent credit tend to be less risk to insure as compared to drivers with lower credit scores.
  • Younger drivers pay higher rates – Teen drivers tend to be more careless when behind the wheel so they pay higher insurance rates. Older insureds are viewed as being more responsible, tend to cause fewer accidents and receive fewer citations.

Different people need different coverages

When buying the right insurance coverage, there really is not a one size fits all plan. Coverage needs to be tailored to your specific needs.

For instance, these questions can help discover if your insurance needs will benefit from professional help.

  • Is my Cadillac CTS-V Coupe covered if I use it for business?
  • When should I buy a commercial auto policy?
  • Is a fancy paint job covered?
  • Can I afford to buy a different vehicle if my 2014 Cadillac CTS-V Coupe is totaled?
  • Is motorclub coverage worth it?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Does my policy cover me when driving someone else’s vehicle?

If you can’t answer these questions but a few of them apply then you might want to talk to a licensed insurance agent. If you don’t have a local agent, fill out this quick form. It’s fast, free and can provide invaluable advice.

Car insurance coverage basics

Having a good grasp of a car insurance policy can help you determine the right coverages for your vehicles. Car insurance terms can be difficult to understand and nobody wants to actually read their policy.

Comprehensive or Other Than Collision – This pays for damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like damage from getting keyed, a broken windshield, hail damage, falling objects and hitting a bird. The highest amount your car insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability – This coverage will cover damages or injuries you inflict on people or other property. It protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability can pay for things such as structural damage, repair bills for other people’s vehicles and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as large an amount as possible.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your 2014 Cadillac CTS-V Coupe.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses like pain medications, EMT expenses, doctor visits, dental work and prosthetic devices. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover all vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not universally available and may carry a deductible

Collision coverage – Collision coverage pays for damage to your CTS-V Coupe resulting from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like driving through your garage door, hitting a parking meter, sustaining damage from a pot hole, scraping a guard rail and rolling your car. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

At the end of the day…

Drivers switch companies for many reasons like high prices, not issuing a premium refund, denial of a claim or even an unsatisfactory settlement offer. Whatever your reason, finding a great new company is pretty easy and you might even save some money in the process.

When trying to cut insurance costs, make sure you don’t reduce coverage to reduce premium. There have been many cases where an insured dropped liability coverage limits only to regret at claim time that they should have had better coverage. The proper strategy is to purchase a proper amount of coverage at the best price while not skimping on critical coverages.

Lower-priced 2014 Cadillac CTS-V Coupe insurance can be bought online and with local insurance agents, and you need to price shop both to have the best selection. Some insurance companies do not offer online price quotes and most of the time these small insurance companies sell through independent agents.

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