Compare 2018 Cadillac CTS-V Insurance Quotes

Want lower insurance coverage rates for your Cadillac CTS-V? Did you come to the realization that you have an expensive insurance coverage policy? Say no more because many consumers are in the same pinch.

Big-name insurance companies like Allstate, Progressive and Geico all claim big savings, bombarding you with TV and radio ads and it can be hard to ignore the promise of big savings and take the time to shop coverage around.

It’s a great practice to get comparison quotes yearly because insurance coverage prices are variable and change quite frequently. Just because you found the best rates for CTS-V insurance six months ago a different company probably has better premium rates today. Ignore everything you know about insurance coverage because I’m going to let you in on the secrets to the fastest way to find the best coverage while lowering your premiums.

What affects Cadillac CTS-V insurance premiums?

Smart consumers have a good feel for a few of the rating criteria that aid in calculating your policy premiums. If you have some idea of what determines base rates, this allows you to make educated decisions that can help you get lower rates. Many factors are considered when you get your auto insurance bill. Some of the criteria are obvious like your driving record, but other factors are less obvious like where you live or how financially stable you are.

  • Poor credit history equals high costs – Having a good credit history is a big factor in your rate calculation. If your credit score leaves room for improvement, you could save money insuring your 2018 Cadillac CTS-V if you improve your credit rating. Consumers who have very good credit scores tend to file fewer claims and have better driving records than drivers who have lower ratings.
  • Gender and auto insurance costs – Statistics have proven women tend to be less risk to insure than men. Now that doesn’t mean males are worse at driving than females. Both sexes get in accidents in similar numbers, but men cause more damage and cost insurance companies more money. They also receive more costly citations such as DWI and reckless driving. Teenage male drivers generally have the highest accident percentage so they pay the highest premiums.
  • Lower premiums with continuous car insurance coverage – Driving without insurance is a big no-no and you will pay a penalty because you let your coverage cancel without a new policy in place. Not only will you pay more, not being able to provide proof of insurance might get you a hefty fine and possibly a revoked license. Then you may be required to provide proof of insurance in the form of an SR-22 filing with your state DMV.
  • Buy as much liability insurance as you can afford – Your policy’s liability coverage will protect you in the event that a court rules you are at fault for damages from an accident. This coverage provides legal defense coverage to defend your case. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should carry high limits.
  • Choose high crash test ratings and save – Vehicles with good safety scores tend to have lower insurance rates. Safe vehicles reduce injuries and any reduction in injury severity translates into fewer and smaller insurance claims which can mean better rates for you. If your Cadillac CTS-V 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 you may be receiving a better rate.
  • Do you save by driving less? – The more you drive each year the higher your rate. A lot of insurance companies charge rates based upon how the vehicle is primarily used. Autos left parked in the garage cost less to insure than cars that get driven a lot. An incorrectly rated CTS-V can result in significantly higher rates. It’s a good idea to make sure your car insurance coverage properly reflects how each vehicle is driven.

The quickest method to compare insurance rates in your area is to know the fact most of the bigger providers have advanced systems to quote your coverage. The only thing you need to do is give them rating details such as whether you have decent credit, driver ages, if the vehicle is leased, and your occupation. Those rating factors is instantly submitted to insurance companies and they respond with quotes instantly to find the best rate.

Discounts can really help to save

Insuring your vehicles can cost a lot, but you may be missing some discounts that many people don’t even know exist. Most are applied at the time of quoting, but some must be requested specifically before being credited.

  • Defensive Driver Discount – Successfully completing a course teaching safe driver skills could possibly earn you a 5% discount if your company offers it.
  • New Car Discount – Adding a new car to your policy is cheaper compared to insuring an older model.
  • Discounts for Safe Drivers – Insureds who avoid accidents can save up to 40% or more on their auto insurance quote for CTS-V insurance compared to accident prone drivers.
  • Telematics Discount – Insureds that choose to allow driving data submission to analyze where and when they drive by using a telematics device in their vehicle like Allstate’s Drivewise could see a rate decrease if they show good driving skills.
  • Passive Restraints – Factory options such as air bags could see savings of more than 20%.
  • First Accident Forgiveness – This one isn’t a discount, but companies like Geico, State Farm, and Progressive will forgive one accident without getting socked with a rate hike as long as you don’t have any claims for a set time period.
  • Driver’s Education for Students – Cut your cost by having your teen driver enroll and complete driver’s education if it’s offered in school.
  • Multi-line Discount – Not all companies offer life insurance, but some may give you a discounted price on car insurance if you buy life insurance from them.
  • College Student – who attend college more than 100 miles from home and do not have access to a covered vehicle can be insured at a reduced rate.
  • Paper-free Discount – Some of the larger companies will give you a small discount for buying your policy digitally online.

Remember that many deductions do not apply to your bottom line cost. Some only reduce the price of certain insurance coverages like liability and collision coverage. Just because it seems like it’s possible to get free car insurance, companies wouldn’t make money that way.

A few of the larger companies and a summarized list of policyholder discounts are:

  • Geico offers discounts for defensive driver, military active duty, emergency military deployment, driver training, federal employee, daytime running lights, and multi-vehicle.
  • SAFECO policyholders can earn discounts including drive less, anti-theft, multi-car, safe driver, and teen safe driver.
  • State Farm discounts include good driver, student away at school, accident-free, defensive driving training, Drive Safe & Save, and multiple policy.
  • MetLife may include discounts for multi-policy, claim-free, defensive driver, accident-free, good student, and good driver.
  • 21st Century may offer discounts for homeowners, air bags, defensive driver, driver training, and good student.
  • Progressive offers discounts including online signing, multi-vehicle, multi-policy, continuous coverage, and homeowner.

Before buying, ask every prospective company what discounts are available to you. Some discounts listed above may not apply in your area. If you would like to choose from a list of providers with significant discounts, click here.

Will just any policy work for me?

When it comes to choosing proper insurance coverage, there really is not a perfect coverage plan. Each situation is unique and a cookie cutter policy won’t apply. For instance, these questions can aid in determining if your situation might need professional guidance.

  • Can I get a multi-policy discount?
  • Where can I find DUI or SR-22 insurance?
  • Can I afford low physical damage deductibles?
  • Should I have a commercial auto policy?
  • Should I buy full coverage?
  • Do I need PIP coverage since I have good health insurance?
  • Is pleasure use cheaper than using my 2018 Cadillac CTS-V to commute?
  • Is a blown tire covered by insurance?
  • Do I pay less if my vehicle is kept in my garage?
  • Is my 2018 Cadillac CTS-V covered for flood damage?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.

Insurance coverage options for a 2018 Cadillac CTS-V

Having a good grasp of your insurance policy helps when 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 coverages found on the average insurance policy.

Comprehensive insurance – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as a tree branch falling on your vehicle, hitting a bird, damage from a tornado or hurricane, falling objects and theft. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision coverages – This pays for damage to your CTS-V resulting from a collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like backing into a parked car, rolling your car and scraping a guard rail. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to bring the cost down.

Coverage for uninsured or underinsured drivers – Uninsured or Underinsured Motorist coverage provides protection when other motorists either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as damage to your Cadillac CTS-V.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Coverage for medical expenses – Med pay and PIP coverage kick in for expenses like pain medications, hospital visits, nursing services, doctor visits and X-ray expenses. They are often used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers you and your occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible

Liability insurance – Liability coverage provides protection from damage or injury you incur to other’s property or people that is your fault. This insurance protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 50/100/50 that means you have a limit of $50,000 per injured person, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.

Liability coverage protects against things such as emergency aid, repair costs for stationary objects and legal defense fees. How much coverage you buy is a decision to put some thought into, but consider buying as much as you can afford.

Knowledge is power

We’ve covered many ideas to save on 2018 Cadillac CTS-V insurance. The key concept to understand is the more rate quotes you have, the better chance you’ll have of finding low cost auto insurance. Consumers may even find the most savings is with the smaller companies. Smaller companies can often insure niche markets at a lower cost than the large multi-state companies such as State Farm, Geico and Nationwide.

When buying insurance coverage, make sure you don’t reduce coverage to reduce premium. Too many times, consumers will sacrifice physical damage coverage only to discover later that it was a big mistake. Your focus should be to buy a smart amount of coverage at an affordable rate, but don’t skip important coverages to save money.

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