1993 Cadillac Brougham Car Insurance Cost

Vehicle owners new to price shopping insurance online are likely to find purchasing low cost auto insurance is not as easy as it seems.

You need to price shop coverage before your policy renews because prices are rarely the same from one policy term to another. If you had the best deal on Brougham coverage last year a different company probably has better rates today. Forget anything you know (or think you know) about insurance coverage because we’re going to show you the tricks you need to know to remove unneeded coverages and save money.

If you currently have car insurance, you will be able to cut costs considerably using this information. Finding the cheapest insurance coverage can be fairly easy. Although vehicle owners must learn how companies sell insurance online and apply this information to your search.

Learn how to lower your insurance premiums

A large part of saving on insurance is knowing the rating factors that come into play when calculating your premiums. When you understand what impacts premium levels, this helps enable you to make changes that could help you find better insurance rates. Many different elements are part of the equation when you get your auto insurance bill. Some are pretty understandable such as your driving record, but others are less apparent such as your marital status and annual miles driven.

The factors shown below are some of the items insurance companies consider when setting prices.

  • More annual miles equals more premium – The more miles you rack up on your Cadillac annually the more you will pay for insurance. The majority of insurers calculate rates determined by how the vehicle is used. Cars and trucks left parked in the garage get more affordable rates than vehicles that have high annual mileage. Having an incorrect usage rating on your Brougham may be costing you. Verify your insurance coverage is rated on annual mileage.
  • Younger drivers are expensive to insure – Beginning drivers have been known to be careless and easily distracted when driving so they pay higher insurance rates. More mature drivers are viewed as being more responsible, file fewer claims and tend to be get fewer driving tickets.
  • Bad driving leads to higher prices – Having a clean driving record has a huge affect on how much you pay. Drivers with clean records get better rates than bad drivers. Even one moving violation can increase the cost of insurance by as much as thirty percent. Drivers who have flagrant tickets like hit and run, DWI or reckless driving convictions might be required by their state to file a SR-22 with the DMV in their state in order to legally drive a vehicle.
  • Liability coverage limits are a factor – The liability section of your policy kicks in if ever you are responsible for an accident. Liability provides you with a defense in court which can be incredibly expensive. This coverage is very inexpensive when compared to the cost of physical damage coverage, so insureds should have plenty of protection for their assets.
  • Raise comp and collision deductibles and save – Comprehensive and collision coverage deductibles are how much you are required to spend out-of-pocket in the event of a claim. Physical damage insurance, also known as collision and other-than-collision, covers damage that occurs to your car. Some coverage claims could be rearending another vehicle, fire damage, or theft of your vehicle. The higher the amount you have to pay, the lower your rates will be on Brougham coverage.

Discounts for cheaper auto insurance rates

The cost of insuring your cars can be expensive, but you can get discounts that could drop your premiums quite a bit. Many of these discounts will be applied automatically at the time of purchase, but a few must be asked for before they will apply.

  • Buy New and Save – Buying a new car instead of a used car can be considerably cheaper because newer models have to meet stringent safety requirements.
  • Passenger Safety Discount – Factory options such as air bags or automatic seat belts may qualify for discounts as much as 30%.
  • Memberships – Being a member of qualifying employment or professional organizations could earn you a nice discount on your next renewal.
  • Payment Method – If paying your policy premium upfront instead of monthly or quarterly installments you may reduce your total bill.
  • Early Signing – Some auto insurance companies reward drivers for buying a policy prior to your current policy expiring. Ten percent is about the average savings.
  • Braking Control Discount – Cars, trucks, and SUVs with anti-lock braking systems can stop better under adverse conditions so companies give up to a 10% discount.
  • Cautious Driver Discounts – Insureds who avoid accidents may receive a discount up to 45% on Brougham coverage than less cautious drivers.
  • Distant Student Discount – Children who are attending college and do not have a car may qualify for this discount.
  • Policy Bundle Discount – If you have multiple policies with the same company you could get a discount of approximately 10% to 15%.

A little note about advertised discounts, many deductions do not apply to the entire cost. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. Even though it appears all those discounts means the company will pay you, it’s just not the way it works.

A few of the larger companies and some of the discounts are shown below.

  • State Farm includes discounts for driver’s education, accident-free, multiple autos, student away at school, good driver, multiple policy, and safe vehicle.
  • GEICO may have discounts that include good student, seat belt use, military active duty, anti-theft, and multi-vehicle.
  • SAFECO has discounts for anti-lock brakes, bundle discounts, anti-theft, teen safety rewards, teen safe driver, and multi-car.
  • Farmers Insurance offers discounts including pay in full, mature driver, switch companies, youthful driver, homeowner, and early shopping.
  • AAA policyholders can earn discounts including multi-car, education and occupation, pay-in-full, multi-policy, and AAA membership discount.
  • USAA has savings for multi-policy, multi-vehicle, military installation, defensive driver, annual mileage, and new vehicle.

Before you buy a policy, ask all the companies which discounts can lower your rates. Savings may not be available in your state. To see insurers who offer online auto insurance quotes, click here to view.

Car insurance companies are expert advertisers

Popular car insurance providers such as 21st Century, Allstate and State Farm endlessly run television and radio advertisements. They all seem to state the claim that people will save if you switch your coverage to them. How can each company claim to save you money? It’s all in the wording.

Most companies have specific guidelines for the right customer that makes them money. A good example of a profitable customer might be described as between 25 and 40, has a clean driving record, and has great credit. Any customer that meets those criteria will get the preferred auto insurance rates and will save if they switch.

Consumers who do not meet these stringent criteria will see higher rates which usually ends up with the customer buying from a different company. The ads state “customers who switch” but not “everyone who gets a quote” save money. That’s why insurance companies can make those statements. This emphasizes why you need to compare price quotes frequently. It’s just not possible to know the company that will fit your personal profile best.

Tailor your insurance coverage to you

When it comes to buying proper insurance coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is a little different.

For example, these questions could help you determine whether you would benefit from professional advice.

  • Is my vehicle covered by my employer’s policy when using it for work?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • What can I do if my company denied a claim?
  • Do I need motorclub coverage?
  • At what point should I drop full coverage?
  • Am I covered if I break a side mirror?
  • Am I covered when driving a rental car?
  • Should I bundle my homeowners policy with my auto?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form.

Insurance coverage basics

Understanding the coverages of your policy can help you determine the best coverages and the correct deductibles and limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring.

Liability coverages

Liability coverage protects you from damage that occurs to other people or property in an accident. It protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability can pay for claims like medical services, emergency aid, repair bills for other people’s vehicles, medical expenses and loss of income. How much liability should you purchase? That is up to you, but you should buy as much as you can afford.

Collision coverage protection

This coverage covers damage to your Brougham resulting from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as hitting a mailbox, colliding with another moving vehicle, sideswiping another vehicle and scraping a guard rail. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. You can also choose a higher deductible to get cheaper collision coverage.

Comprehensive protection

This covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as falling objects, damage from flooding, hitting a deer and hitting a bird. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for bills like funeral costs, nursing services, surgery and ambulance fees. They are often used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants in addition to if you are hit as a while walking down the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Uninsured or underinsured coverage

Your UM/UIM coverage provides protection from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.

Pennies from heaven

Insureds leave their current company for any number of reasons including high rates after DUI convictions, unfair underwriting practices, denial of a claim and policy cancellation. Regardless of your reason for switching companies, choosing a new company is not as difficult as it may seem.

Some companies do not offer online quoting and usually these regional carriers only sell coverage through independent insurance agents. Cheap 1993 Cadillac Brougham insurance can be sourced from both online companies and also from your neighborhood agents, and you should be comparing both to have the best chance of lowering rates.

As you shop your coverage around, you should never sacrifice coverage to reduce premiums. Too many times, someone dropped full coverage only to regret at claim time they didn’t purchase enough coverage. Your focus should be to find the BEST coverage at the best cost, not the least amount of coverage.

Other information