2014 Cadillac CTS-V Insurance Cost

I can’t think of anyone who cherishes buying auto insurance, especially knowing their premiums are too high.

Many insurers vie to insure your vehicles, and it can be difficult to compare rates to find the lowest rate

Policy discounts you shouldn’t miss

Companies don’t list every discount very well, so we took the time to find some of the more common and the more hidden savings tricks you should be using.

  • Military Discounts – Being deployed with a military unit can result in better rates.
  • Life Insurance Discount – Companies who offer life insurance give a break if you buy auto and life insurance together.
  • New Vehicle Savings – Putting insurance coverage on a new car can save up to 30% because new vehicles have to meet stringent safety requirements.
  • Clubs and Organizations – Affiliation with a professional or civic organization could qualify you for a break when buying insurance on CTS-V insurance.
  • Own a Home – Owning a house may earn you a small savings because of the fact that having a home is proof that your finances are in order.

Drivers should understand that most credits do not apply to your bottom line cost. A few only apply to the cost of specific coverages such as collision or personal injury protection. So even though it sounds like adding up those discounts means a free policy, it just doesn’t work that way.

To see a list of companies offering insurance discounts, follow this link.

Automobile Insurance Quotes

When shopping for auto insurance there are multiple ways to compare rate quotes and find the best price. The recommended way to find the lowest 2014 Cadillac CTS-V rates is simply to get online rate quotes. This is very easy and can be done in a couple of different ways.

  1. The recommended way to find the lowest comparison rates is an all-inclusive rate comparison click here to open form in new window. This form eliminates the need for a different quote to each individual auto insurance company. A single, simple form will get you rate comparisons from auto insurance companies with the best prices.
  2. A slightly less efficient method to find lower rates requires visiting each company website to request a price quote. For examples sake, let’s assume you want comparison quotes from Liberty Mutual, Allstate and Progressive. To find out each rate you need to take the time to go to each site and enter your policy data, which is why most consumers use the first method.

    For a handy list of car insurance company links in your area, click here.

However you get your quotes, ensure you’re using the exact same information for every company. If you are comparing differing limits then you won’t be able to decipher which rate is best. Slightly different insurance coverages could mean much higher rates. Just keep in mind that comparing a large number of companies helps locate lower pricing.

Why you might be paying too much to insure your Cadillac CTS-V

Smart consumers have a good feel for the different types of things that go into determining insurance rates. When you know what positively or negatively controls the rates you pay helps enable you to make changes that can help you get big savings.

Listed below are some of the items that factor into your rates.

  • Your location is important – Being located in a small town can save you money when talking about insurance. Drivers in populated areas have to deal with traffic congestion and much longer commute distances. Less people living in that area means a lower chance of having an accident as well as less vandalism and auto theft.
  • Rate your vehicle for proper use – The higher the mileage driven in a year’s time the higher your rates will be. Most companies rate vehicles based on their usage. Vehicles left parked in the garage qualify for better rates than those used for commuting. An improperly rated CTS-V can cost quite a bit. Make sure your insurance declarations sheet is showing the correct usage for each vehicle.
  • Extra coverages can waste money – There are a ton of extra bells and whistles that you can get tricked into buying if you aren’t careful. Coverages like vanishing deductibles, accidental death and term life insurance are examples of these. These coverages may sound good initially, but if they’re wasting money get rid of them and save.
  • Older drivers pay less – Teenage drivers tend to get distracted easily when driving so they pay higher insurance rates. Adding a teenage driver onto a policy can really hurt. More mature drivers are more responsible, tend to cause fewer accidents and tend to be better behind the wheel.

Insurance agents can help

When it comes to choosing the best car insurance coverage for your vehicles, there isn’t really a one size fits all plan. Everyone’s situation is unique and a cookie cutter policy won’t apply. These are some specific questions can aid in determining whether or not you would benefit from an agent’s advice.

  • Do I have any recourse if my insurance company denies a claim?
  • Do I need more liability coverage?
  • How high should deductibles be on a 2014 Cadillac CTS-V?
  • Should I sign the liability waiver when renting a car?
  • Does car insurance cover theft of personal property?
  • Do I need special endorsements for business use of my vehicle?
  • Does insurance cover damages from a DUI accident?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies.

Is there deception in advertising?

Auto insurance companies such as State Farm, Allstate and Geico constantly bombard you with television and radio advertisements. They all seem to say the same thing that you can save if you switch your coverage to them. But how can every company make the same claim? It’s all in the numbers.

Insurance companies have a certain “appetite” for the type of customer that makes them money. For example, a driver they prefer could be between the ages of 30 and 50, owns a home, and has a short commute. A driver that hits that “sweet spot” gets the lowest rates and most likely will save quite a bit of money when switching.

Potential insureds who do not match this ideal profile will be charged a more expensive rate and ends up with business not being written. The ads say “customers who switch” but not “drivers who get quotes” save that kind of money. That’s why companies can make those claims. That is why you need to get a wide range of price quotes. You cannot predict the company that will have the lowest Cadillac CTS-V insurance rates.

Auto insurance policy coverages for a 2014 Cadillac CTS-V

Learning about specific coverages of your policy can help you determine which coverages you need and proper limits and deductibles. The terms used in a policy can be ambiguous and coverage can change by endorsement. Below you’ll find the usual coverages found on the average auto insurance policy.

Uninsured/Underinsured Motorist (UM/UIM)

This provides protection when the “other guys” do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Cadillac CTS-V.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.

Auto liability insurance

This protects you from injuries or damage you cause to other’s property or people by causing an accident. This coverage protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against claims such as repair costs for stationary objects, attorney fees, medical services and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Coverage for collisions

Collision insurance covers damage to your CTS-V caused by collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like backing into a parked car, rolling your car, colliding with another moving vehicle and colliding with a tree. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. You can also bump up the deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses such as EMT expenses, chiropractic care, prosthetic devices, hospital visits and nursing services. The coverages can be used in conjunction with a health insurance program or if there is no health insurance coverage. It covers both the driver and occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Comprehensive insurance

This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like hitting a bird, a tree branch falling on your vehicle and vandalism. The most you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Make an honest buck

As you go through the steps to switch your coverage, it’s a bad idea to buy less coverage just to save a little money. In many cases, an accident victim reduced liability limits or collision coverage only to find out that a couple dollars of savings turned into a financial nightmare. Your aim should be to purchase plenty of coverage at an affordable rate while not skimping on critical coverages.

Cheap 2014 Cadillac CTS-V insurance is definitely available from both online companies and with local insurance agents, so compare prices from both in order to have the best chance of saving money. Some insurance companies do not offer the ability to get a quote online and many times these small insurance companies only sell through independent insurance agents.

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