Cheaper 2014 Cadillac XTS Car Insurance Rates

Have you fallen victim to an underperforming, overpriced insurance coverage policy? Trust us, you are not the only one feeling buyer’s remorse.

Drivers have so many auto insurance companies to pick from, and though it is a good thing to be able to choose, it can be more difficult to compare rates and cut insurance costs.

Finding affordable coverage is quite easy. Essentially every driver who carries car insurance will more than likely be able to find lower rates. Although vehicle owners do need to understand how big insurance companies sell online and use this information to your advantage.

Factors determining your Cadillac XTS insurance premium

Consumers need to have an understanding of some of the elements that help determine your insurance coverage rates. Understanding what controls the rates you pay helps enable you to make changes that can help you get better insurance coverage rates.

  • Bump up deductibles to save – The deductibles represent how much money you are required to spend before a claim is paid by your company. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, protects your car from damage. Some instances where coverage would apply would be colliding with a building, damage caused by hail, or theft. The higher the amount you are required to pay out-of-pocket, the less your insurance coverage will be on XTS coverage.
  • Younger drivers pay higher rates – Youthful drivers are known to be careless and easily distracted when behind the wheel so they pay higher insurance coverage rates. Older insureds are more cautious drivers, statistically cause fewer accidents and tend to be better behind the wheel.
  • Keep rates low by being claim-free – Companies award discounts to drivers who do not file claims often. If you tend to file frequent claims, you can pretty much guarantee higher rates. Insurance coverage is designed for the bigger claims that can’t be paid out-of-pocket.
  • Your credit rating is important – Having a bad credit score is a big factor in your rate calculation. If your credit rating is lower than you’d like, you could save money insuring your 2014 Cadillac XTS by improving your rating. Drivers with good credit tend to file fewer claims and have better driving records than drivers with poor credit.
  • High crash test scores lower rates – Safer cars tend to have better insurance rates. Safe vehicles have better occupant injury protection and better occupant protection translates into fewer and smaller insurance claims and thus lower rates. If the Cadillac XTS earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.

Cheap Car Insurance Comparisons

When shopping for car insurance there are multiple ways to compare rate quotes and find the best price. The best way to find competitive 2014 Cadillac XTS insurance rates is to perform an online rate comparison. This can be done in a couple of different ways.

  1. The best way to get quotes for comparison is to use a rate comparison form click here to open form in new window. This method keeps you from doing separate quote forms for each company you want a rate for. One form submission will return quotes direct from many companies.
  2. A different way to compare prices is going to the website for each individual company and request a quote. For sake of this example, we’ll assume you want rates from Progressive, State Farm and Farmers. To get each rate you have to spend time on each company’s site to input your insurance information, and that’s why the first method is more popular.

    For a list of links to insurance companies in your area, click here.

  3. The least efficient way of comparing rate quotes is driving to insurance agents’ offices. Buying insurance online eliminates the need for an insurance agent unless you prefer the trained guidance of a local agent. Drivers can obtain prices from the web but buy from a local insurance agent and you’ll learn how to do that later.

It’s your choice how you get your quotes, but make sure you use identical coverages and limits on every quote you get. If you use differing limits it’s impossible to make a fair comparison for your Cadillac XTS. Slightly different coverages can result in a big premium difference. Just remember that more quotes provides better odds of finding better pricing.

Can switching companies really save?

Insurance companies such as Allstate, Geico and Progressive regularly use television and radio advertisements. They all seem to make an identical promise that you can save if you move your policy. How does each company claim to save you money? This is how they do it.

All companies are able to cherry pick for the driver that makes them money. For example, a preferred risk might be over the age of 50, a clean driving record, and drives newer vehicles. A customer getting a price quote who meets those qualifications is entitled to the best price and therefore will pay quite a bit less when switching companies.

Potential customers who fall outside the “perfect” profile will be charged higher rates which usually ends up with business going elsewhere. Company advertisements say “drivers who switch” not “everybody who quotes” save that kind of money. This is how companies can advertise the way they do. That is why it is so important to quote coverage with many companies. It’s not possible to predict the company that will provide you with the cheapest Cadillac XTS insurance rates.

Verify you’re getting all your discounts

Car insurance companies do not list all their discounts in an easy-to-find place, so here is a list both the well known and the harder-to-find savings tricks you should be using.

  • Distant Student – Any of your kids who live away from home without a vehicle on campus may qualify for this discount.
  • Military Discounts – Having a family member in the military may qualify for rate reductions.
  • Safe Drivers – Safe drivers can get discounts for up to 45% lower rates on XTS coverage than less cautious drivers.
  • Accident Forgiveness – Certain companies will allow you to have one accident before hitting you with a surcharge so long as you haven’t had any claims prior to the accident.
  • Defensive Driver – Successfully completing a driver safety course could possibly earn you a 5% discount if your company offers it.
  • Passive Restraint Discount – Vehicles with factory air bags or automatic seat belts can qualify for discounts of up to 25% or more.
  • Multiple Policy Discount – When you have multiple policies with one company you may earn at least 10% off all policies.
  • Save with a New Car – Buying coverage on a new vehicle can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Use Seat Belts – Drivers who require all occupants to use a seat belt can save up to 15% off your medical payments premium.

It’s important to note that most of the big mark downs will not be given to the entire policy premium. Most only apply to specific coverage prices like comprehensive or collision. Even though it may seem like you could get a free auto insurance policy, you won’t be that lucky.

To see a list of insurers offering auto insurance discounts, click here to view.

When should I talk to an agent?

When choosing adequate coverage for your personal vehicles, there is no “perfect” insurance plan. Everyone’s situation is a little different and your policy should reflect that. For example, these questions might help in determining if your situation would benefit from professional advice.

  • Should I buy full coverage?
  • Should I buy additional glass protection?
  • What exactly is covered by my policy?
  • Will my insurance pay for OEM parts?
  • At what point should I drop full coverage?
  • Am I covered when driving on a suspended license?
  • Can I afford to buy a different vehicle if my 2014 Cadillac XTS is totaled?
  • I don’t drive much so do I pay less?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area.

Information about specific coverages

Having a good grasp of a car insurance policy aids in choosing the right coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types offered by car insurance companies.

Coverage for medical payments

Med pay and PIP coverage provide coverage for expenses such as surgery, nursing services and chiropractic care. They are utilized in addition to your health insurance plan or if you do not have health coverage. It covers both the driver and occupants as well as if you are hit as a while walking down the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive coverages

This coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like theft, damage from flooding, hitting a deer and damage from a tornado or hurricane. The most a car insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision protection

Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision insurance covers things such as hitting a parking meter, backing into a parked car, colliding with another moving vehicle, hitting a mailbox and sustaining damage from a pot hole. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also increase the deductible to get cheaper collision coverage.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.

Liability

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

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 50/100/50 that means you have a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability insurance covers claims such as structural damage, pain and suffering and loss of income. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Take this to the bank

We just presented many tips how you can get a better price on 2014 Cadillac XTS insurance. The most important thing to understand is the more rate comparisons you have, the higher your chance of finding lower rates. Consumers could even find that the lowest rates come from an unexpected company. They often have lower prices on specific markets than their larger competitors like State Farm, Geico and Nationwide.

When shopping online for auto insurance, it’s a bad idea to buy less coverage just to save a little money. There are many occasions where an insured cut physical damage coverage only to discover later that they should have had better coverage. Your goal should be to buy a smart amount of coverage at the best price while still protecting your assets.

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