Lower Your 2006 Cadillac STS-V Insurance Rates

Nobody I know likes having to buy insurance coverage, especially knowing they are paying too much.

Many car insurance companies compete for your hard-earned dollar, and it can be difficult to compare rates to get the lowest rate

Discounts are basically free money

Companies that sell car insurance don’t always list every discount in an easy-to-find place, so we took the time to find both the well known and the harder-to-find auto insurance savings.

  • Seat Belts Save – Drivers who require all occupants to use their safety belts could save 15% on the medical payments or PIP coverage costs.
  • Government Employees – Employees or retirees of the government could cut as much as 10% off on STS-V insurance depending on your company.
  • Life Insurance Discount – Larger companies have a discount if you purchase life insurance.
  • Military Rewards – Having a deployed family member may qualify for rate reductions.
  • Multi-car Discount – Having more than one vehicle with the same company can get a discount on all vehicles.

A little note about advertised discounts, some of the credits will not apply to the entire policy premium. Most only cut the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like having all the discounts means you get insurance for free, auto insurance companies aren’t that generous.

Car insurance companies that possibly offer these benefits are:

It’s a good idea to ask all companies you are considering which discounts they offer. Savings might not be offered in your area.

Your Cadillac STS-V insurance rate is a complex equation

It’s important that you understand the factors that come into play when calculating the rates you pay for auto insurance. Knowing what determines base rates enables informed choices that will entitle you to better auto insurance rates.

  • Discounts for married couples – Getting married can get you a discount on your auto insurance policy. Having a significant other usually means you are more mature and responsible and it’s statistically proven that married drivers get in fewer accidents.
  • More miles equals more premium – The higher the mileage driven every year the more you’ll pay to insure your vehicle. The majority of insurers price each vehicle’s coverage determined by how the vehicle is used. Autos not used for work or commuting receive lower rates as compared to vehicles used primarily for driving to work. Ask your agent if your auto insurance declarations sheet is showing the correct usage for each vehicle, because improper ratings can cost you money. Incorrect usage on your STS-V may be wasting your money.
  • Rates may be higher depending on your occupation – Did you know your occupation can influence how much you pay for auto insurance? Occupations like doctors, social workers and dentists are shown to have the highest average rates because of job stress and long work days. Other occupations like scientists, historians and performers pay the least on STS-V insurance.
  • Equipment add-ons that lower auto insurance rates – Owning a car with anti-theft technology or alarm system can save you a little every year. Anti-theft features like GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent car theft.

Which insurance is the “right” coverage?

When it comes to buying the best insurance coverage coverage, there really is no perfect coverage plan. Every insured’s situation is different and a cookie cutter policy won’t apply. For instance, these questions may help you determine whether or not you could use an agent’s help.

  • When can my company non-renew my policy?
  • What are the best liability limits?
  • How much liability coverage do I need in my state?
  • Am I covered if hit by an uninsured driver?
  • Do I have coverage for damage caused while driving under the influence?
  • I don’t drive much so do I pay less?
  • How do I buy GAP insurance?
  • Will filing a claim cost me more?
  • Is motorclub coverage worth it?

If you’re not sure about those questions, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance coverage companies in your area.

Advertising myths

Allstate and Progressive constantly bombard you with television and radio advertisements. All the companies make the same claim about savings if you switch your policy. How can each company make almost identical claims?

Different companies are able to cherry pick for the right customer they prefer to insure. An example of a profitable customer could possibly be over the age of 40, a clean driving record, and drives less than 10,000 miles a year. A driver who fits that profile will qualify for the lowest rates and therefore will save a lot of money.

Drivers who don’t measure up to these standards will be quoted higher premiums and this can result in the customer not buying. The ad wording is “customers that switch” not “everyone that quotes” save that much. That’s the way insurance companies can confidently make those claims. This emphasizes why you need to get as many quotes as possible. It is impossible to predict which insurance companies will give you the biggest savings on Cadillac STS-V insurance.

Auto insurance coverages

Understanding the coverages of car insurance can be of help when determining the best coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. Below you’ll find the normal coverages found on the average car insurance policy.

Comprehensive or Other Than Collision

Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as hail damage, falling objects, hitting a deer, fire damage and damage from getting keyed. The highest amount your car insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Medical costs insurance

Coverage for medical payments and/or PIP reimburse you for expenses like nursing services, funeral costs and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance plan or if you do not have health coverage. They cover both the driver and occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your 2006 Cadillac STS-V.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Collision insurance

This will pay to fix damage to your STS-V resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as damaging your car on a curb, scraping a guard rail, backing into a parked car and rolling your car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Liability car insurance

Liability insurance protects you from injuries or damage you cause to other people or property in an accident. It protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 25/50/25 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability coverage pays for claims such as medical services, emergency aid, structural damage, medical expenses and repair costs for stationary objects. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as large an amount as possible.

In any little way, save everyday

Low-cost 2006 Cadillac STS-V insurance is possible from both online companies as well as from independent agents, so you should be comparing quotes from both so you have a total pricing picture. There are still a few companies who don’t offer the ability to get a quote online and most of the time these smaller companies sell through independent agents.

In this article, we covered some good ideas how to get a better price on insurance. The key thing to remember is the more rate quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the most savings is with a lesser-known regional company. Smaller companies often have lower prices on specific markets compared to the large companies like Progressive and Geico.

More detailed insurance coverage information is available in the articles below: