2004 Cadillac CTS-V Insurance Rates

Consumers who are new to the process of price shopping insurance online might discover shopping for low-cost auto insurance to be a formidable task.

It’s important to check auto insurance prices on a regular basis since rates fluctuate regularly. Just because you had the lowest rates for CTS-V coverage on your last policy the chances are good that you can find a lower rate today. So block out anything you think you know about auto insurance because you’re going to learn one of the quickest ways to remove unneeded coverages and save money.

Be sure to get all your discounts

Properly insuring your vehicles can get expensive, but there could be available discounts to help bring down the price. Most are applied when you quote, but some may not be applied and must be requested specifically in order for you to get them.

  • Clubs and Organizations – Belonging to a civic or occupational organization may earn a discount when buying insurance coverage for CTS-V coverage.
  • Payment Method – If you pay your bill all at once rather than paying monthly you could save 5% or more.
  • Bundle and Save – When you combine your home and auto insurance with one insurance company you could get a discount of approximately 10% to 15%.
  • Discount for New Cars – Putting insurance coverage on a new car can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Federal Government Employee – Simply working for the federal government can earn a discount up to 10% for CTS-V coverage depending on your company.
  • More Vehicles More Savings – Buying insurance for multiple cars or trucks on one policy can get a discount on all vehicles.
  • Low Mileage – Keeping the miles down on your Cadillac could be rewarded with discounted rates on garaged vehicles.
  • E-sign – A handful of insurance companies will discount your bill up to fifty bucks simply for signing on their website.
  • Seat Belt Usage – Buckling up and requiring all passengers to buckle their seat belts could cut 10% or more off your PIP or medical payments premium.

Consumers should know that most discount credits are not given to your bottom line cost. Some only apply to the price of certain insurance coverages like liability and collision coverage. So when it seems like you can get free auto insurance, you’re out of luck. Any qualifying discounts will bring down the cost of coverage.

Companies that may offer these money-saving discounts include:

Check with each company which discounts they offer. Discounts might not be offered in every state.

Why your Cadillac CTS-V might be costing you more

Consumers need to have an understanding of the different types of things that help determine the price you pay for auto insurance. Knowing what influences your rates allows you to make educated decisions that can help you get lower auto insurance prices.

  • Always keep insurance in force – Allowing your auto insurance policy to lapse is a guaranteed way to trigger a rate increase. And not only will insurance be more expensive, getting caught without coverage may earn you a license revocation or jail time.You may then be required to file a SR-22 with your state department of motor vehicles.
  • Don’t get talked into coverage you don’t need – There are a ton of additional coverages that can waste your money if you aren’t careful. Things like roadside assistance, accident forgiveness and term life insurance may be wasting your money. These may sound like a good investment at first, but if they’re wasting money remove them from your policy.
  • Teen drivers pay high rates – Mature drivers are more cautious drivers, tend to cause fewer accidents and receive fewer citations. Young drivers are known to get distracted easily in a vehicle therefore auto insurance rates are much higher.
  • Frequent auto insurance claims increase rates – Car insurance companies give cheaper rates to people who do not file claims often. If you file claims often, you can expect either higher rates or even cancellation. Your insurance policy is designed for the bigger claims that can’t be paid out-of-pocket.

How do I know if I need professional advice?

When buying proper insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Everyone’s situation is a little different.

For example, these questions can help discover whether your personal situation might need an agent’s assistance.

  • Where can I find high-risk insurance?
  • Do I need added coverage for expensive stereo equipment?
  • Should I buy full coverage?
  • Should I have combined single limit or split liability limits?
  • Should I drop comprehensive coverage on older vehicles?
  • Is my teen driver covered when they drive my company car?
  • Do I have newly-aquired coverage?
  • Where can I get insurance after a DUI in my state?
  • Should I put collision coverage on all my vehicles?

If you’re not sure about those questions but a few of them apply, you might consider talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form.

How can Allstate and Progressive save drivers who switch?

Companies like Allstate and Progressive consistently run television and radio advertisements. All the ads make the same claim that you’ll save big if you change to their company. How does each company make almost identical claims? It’s all in the numbers.

Different companies can use profiling for the type of customer they prefer to insure. An example of a driver they prefer might be profiled as between 30 and 50, has no tickets, and drives less than 7,500 miles a year. A customer who meets those qualifications gets the lowest rates and is almost guaranteed to save a lot of money.

Drivers who don’t qualify for these standards will be charged a more expensive rate and ends up with the driver buying from a lower-cost company. Company advertisements say “people who switch” not “everybody who quotes” save money. That’s the way insurance companies can advertise the way they do.

That is why you need to quote coverage with many companies. It’s not possible to predict which company will fit your personal profile best.

Car insurance 101

Knowing the specifics of your policy aids in choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

UM/UIM Coverage – This coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Cadillac CTS-V.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Normally these limits are similar to your liability insurance amounts.

Collision coverage – This coverage will pay to fix damage to your CTS-V caused by collision 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 coverage protects against claims like colliding with another moving vehicle, sideswiping another vehicle, rolling your car and damaging your car on a curb. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

Comprehensive or Other Than Collision – This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like hitting a deer, damage from getting keyed, rock chips in glass and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Liability insurance – Liability coverage will cover injuries or damage you cause to people or other property that is your fault. It protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 100/300/100 which means a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Some companies may use one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.

Liability coverage pays for claims such as attorney fees, emergency aid, loss of income and medical expenses. How much liability coverage do you need? That is a personal decision, but you should buy higher limits if possible.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage pay for bills like nursing services, surgery, pain medications, rehabilitation expenses and hospital visits. They are used to fill the gap from your health insurance policy or if you do not have health coverage. They cover all vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Save your hard earned cash

While you’re price shopping online, don’t be tempted to reduce coverage to reduce premium. In many instances, an insured cut collision coverage only to find out they didn’t purchase enough coverage. The aim is to purchase plenty of coverage for the lowest price while still protecting your assets.

People leave their current company for any number of reasons including lack of trust in their agent, questionable increases in premium, delays in paying claims or high prices. No matter why you want to switch, switching car insurance companies can be pretty painless.

Discount 2004 Cadillac CTS-V insurance is attainable online and with local insurance agents, so you should compare both in order to have the best price selection to choose from. A few companies do not offer online price quotes and most of the time these regional insurance providers sell through independent agents.

Much more information about car insurance can be found at the links below