Five Minute Lesson to Buying Coverage Online for a Cadillac CTS-V

Expensive car insurance can empty your checking account and force you to prioritize other expenses. Comparing price quotes is a great way to slash your bill and have more diposable income. Multiple insurance companies compete for your insurance dollar, and it can be difficult to compare rates to find the best rate

How to Compare Car Insurance Quotes

Most major insurance companies such as State Farm, Allstate and GEICO allow you to get insurance quotes online. Getting online rates is fairly simple as you just type in your coverage information as detailed in the form. When the form is submitted, the company’s rating system automatically retrieves credit information and your driving record and generates pricing information determined by many factors. This makes it a lot easier to compare rates but the work required to visit multiple sites and type in the same information is repetitive and time-consuming. Unfortunately, it is important to do this if you are searching for a lower rate.

The preferred way to compare car insurance pricing makes use of a single form to get prices from multiple companies. This type of form saves time, eliminates form submissions, and makes rate comparisons much more enjoyable. After sending the form, it gets priced and you can choose any of the pricing results.

If one or more price quotes are lower than your current rates, it’s easy to complete the application and purchase the new policy. The whole process takes just a few minutes to complete and may result in a nice savings.

To quickly use this form to compare rates, click here to open in a new tab and input your coverage information. If you have your current policy handy, we recommend you duplicate identical to your current policy. Using the same limits helps guarantee you will be getting a rate comparison based on similar coverages.

Beware of misleading car insurance ads

Consumers can’t get away from ads that promise big savings by companies like State Farm, Allstate and GEICO. They all make the same claim of big savings if you change to them.

How do they all claim to save you money? This is how they do it.

Insurance companies have a preferred profile for the right customer they prefer to insure. A good example of a desirable insured could possibly be between the ages of 40 and 55, a clean driving record, and has a high credit rating. A customer getting a price quote who matches those parameters gets the lowest rates and therefore will save quite a bit of money when switching.

Potential insureds who do not match the requirements will have to pay a higher premium and this can result in the customer not buying. The ad wording is “drivers who switch” not “everyone that quotes” save that kind of money. That’s why companies can advertise the savings.

Because of the profiling, it is so important to get quotes from several different companies. It’s just too difficult to predict the company that will provide you with the cheapest rates.

Factors that can influence Cadillac CTS-V insurance rates

An important part of buying insurance is that you know the factors that come into play when calculating the rates you pay for car insurance. Having a good understanding of what controls the rates you pay helps enable you to make changes that may reward you with lower car insurance prices. auto insurance

The list below includes some of the factors that factor into rates.

Do you know you’re credit rating? – Your credit score is a huge factor in determining what you pay for car insurance. Consumers who have good credit tend to be less risk to insure than those with lower ratings. So if your credit rating is low, you could be paying less to insure your Cadillac CTS-V by spending a little time repairing your credit.
Liability coverage protects you – The liability section of your policy is the coverage that protects you when a jury decides you are liable for causing damage or personal injury in an accident. Liability insurance provides you with a defense in court which can cost thousands of dollars. Liability insurance is quite affordable compared to insuring for physical damage coverage, so do not skimp.
How’s your driving record? – Good drivers have lower premiums than people who have multiple driving citations. Only having one citation can increase rates twenty percent or more. If you have severe violations like DWI, reckless driving or hit and run convictions may find they need to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to drive a vehicle legally.
Safer occupants lowers premiums – Safer cars are cheaper to insure. Safer cars have better occupant injury protection and fewer injuries means less money paid by your insurance company passed on to you as lower rates. If the Cadillac CTS-V is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
Higher deductibles cost less – Physical damage coverage, termed comprehensive and collision coverage on your policy, is used to repair damage to your Cadillac. Examples of covered claims could be running into the backend of another car, vandalism, and windstorm damage. Your deductibles are how much you are willing to pay in the event of a claim. The more expense you’re willing to pay, the less your company will charge you for insurance on CTS-V coverage.
High numbers of claims are not good – Companies provide lower rates to policyholders who are claim-free. If you frequently file small claims, you can definitely plan on either higher rates or even cancellation. Auto insurance is designed for the bigger claims that can’t be paid out-of-pocket.
Rates may be lower depending on your job – Occupations like judges, business owners and financial analysts tend to pay higher average rates because of high stress and long work hours. Conversely, occupations like farmers, engineers and retirees have the lowest average rates on CTS-V coverage.

Take advantage of discounts

Insuring your vehicles can cost a lot, but you may find discounts to help offset the cost. Some trigger automatically when you quote, but a few must be asked about prior to getting the savings. If you aren’t receiving every discount you qualify for, you’re just leaving money on the table.

55 and Retired – If you qualify as a senior citizen, you may receive a discount up to 10% on CTS-V coverage.
Employee of Federal Government – Simply working for the federal government can save as much as 8% on CTS-V coverage with select insurance companies.
Save with a New Car – Insuring a new car is cheaper because new vehicles have to meet stringent safety requirements.
Discount for Swiching Early – Select companies give a discount for signing up before your current expiration date. The savings is around 10%.
Use Seat Belts – Buckling up and requiring all passengers to wear their seat belts can save up to 15% off your PIP or medical payments premium.
Multi-car Discount – Having more than one vehicle on the same car insurance policy may reduce the rate for each vehicle.
Military Rewards – Having a deployed family member could mean lower rates.

It’s important to understand that most discount credits are not given to the entire cost. Most only apply to the cost of specific coverages such as liability, collision or medical payments. So when it seems like you could get a free car insurance policy, companies don’t profit that way. But any discount will help reduce your overall premium however.

To see a list of companies with discount car insurance rates, click here.

When should I talk to an agent?

When it comes to choosing coverage for your vehicles, there really is no one size fits all plan. Every situation is different and a cookie cutter policy won’t apply. These are some specific questions might point out whether your personal situation might need an agent’s assistance.

Can my teen driver be rated on a liability-only vehicle?
Do I benefit by insuring my home with the same company?
What discounts do I qualify for?
Is rental equipment covered for theft or damage?
What can I do if my company denied a claim?
Is pleasure use cheaper than using my Cadillac CTS-V to commute?

If you can’t answer these questions but you know they apply to you then you might want to talk 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. It’s fast, free and may give you better protection.

Can’t I compare rates from local agents?

Some people would rather sit down with an agent and that is a personal choice. Licensed agents can help determine the best coverages and give you peace of mind. One of the great benefits of price shopping on the web is the fact that you can find better rates and still choose a local agent. And supporting local agencies is definitely important if you live in a smaller city or town.

After completing this short form, your insurance data is transmitted to agents in your area who will give you bids for your coverage. You never need to even leave your home because quoted prices will be sent to the email address you provide. How cool is that?!

Two types of insurance agencies

When searching for a reputable insurance agent or broker, there are two types of agencies that you can select. Agencies are either independent (non-captive) or captive. Both types can properly insure your vehicles, but it’s good to learn how they differ since it may influence the type of agent you choose

Independent Agents

Independent insurance agents are not required to write business for one company so they have the ability to put coverage with multiple insurance companies depending on which coverage is best. To transfer your coverage to a different company, the agent simply finds a different carrier without you having to go to a different agency.

When searching for an agent, it’s a good idea to contact at a minimum one independent agency to have the most options to choose from.

Captive Agents

Captive agencies have only one company to place business with and examples are State Farm, Allstate and AAA. They usually cannot provide prices from multiple companies so it’s a take it or leave it situation. Captive agencies receive extensive training on their company’s products which helps them compete with independent agents.

To view a full list of insurance agents, visit this page.

Selecting a car insurance agent shouldn’t rely on just the price. Any agent should be forthright in answering these questions:

What is the agency’s Better Business Bureau rating?
How long has their agency been in business?
Does the agency support the community they serve?
What insurance company do they write the most business with?
Does the agent have professional designations like CIC, CPCU or AIC?

Upon getting reasonable responses to your questions and an affordable coverage quote, you’ve probably found an insurance agency that meets your needs to properly service your car insurance policy.

Final thoughts

Cost effective Cadillac CTS-V insurance can be bought from both online companies and also from your neighborhood agents, so you should be comparing quotes from both in order to have the best price selection to choose from. There are still a few companies who may not provide online quoting and many times these small insurance companies only sell through independent insurance agents.

We just presented some good ideas how to compare Cadillac CTS-V insurance prices online. The key thing to remember is the more times you quote, the better your chances of lowering your rates. Drivers may discover the lowest premiums are with the least-expected company. These smaller insurers may often insure only within specific states and give getter rates as compared to the big name companies such as Progressive and GEICO.