2006 Cadillac CTS-V Car Insurance Rates

Drivers have many options when trying to find low-cost Cadillac CTS-V insurance. They can either waste time contacting agents to get rate comparisons or utilize the internet to compare rates.

There are both good and bad ways to compare auto insurance rates and you need to know the quickest way to compare rates on a Cadillac and obtain the best price possible either online or from local insurance agents.

Pay discount rates with these discounts

Car insurance companies don’t always publicize all available discounts in a way that’s easy to find, so we researched a few of the more well known and the harder-to-find credits available to lower your premiums when you buy car insurance online.

  • Claim-Free Discount – Drivers with accident-free driving histories can save substantially when compared to bad drivers.
  • 55 and Retired – Drivers that qualify as senior citizens are able to get a discount up to 10% for CTS-V coverage.
  • Club Memberships – Having an affiliation with a qualifying organization may earn a discount on your policy.
  • Discount for New Cars – Buying a new car instead of a used car can save you some money since newer vehicles have better safety ratings.
  • Driver Education Discount – Reduce the cost of insurance for teen drivers by having them take driver’s ed class as it can save substantially.

Policy discounts save money, but most credits do not apply to your bottom line cost. Most only reduce the cost of specific coverages such as comp or med pay. So even though you would think it’s possible to get free car insurance, it doesn’t quite work that way.

Larger insurance coverage companies and their offered discounts are shown below.

  • State Farm discounts include defensive driving training, Drive Safe & Save, Steer Clear safe driver discount, safe vehicle, passive restraint, accident-free, and anti-theft.
  • GEICO includes discounts for federal employee, driver training, anti-theft, good student, multi-vehicle, membership and employees, and military active duty.
  • SAFECO may include discounts for anti-theft, teen safety rewards, accident prevention training, drive less, and bundle discounts.
  • Farmers Insurance offers discounts for youthful driver, good student, business and professional, mature driver, and early shopping.
  • AAA offers premium reductions for pay-in-full, education and occupation, good driver, multi-policy, anti-theft, and AAA membership discount.
  • USAA has savings for vehicle storage, good student, defensive driver, family discount, loyalty savings, and driver training.

If you are trying to find low cost car insurance quotes, ask each company or agent which discounts you qualify for. A few discounts might not be offered everywhere. For a list of companies who offer online insurance coverage quotes, click here.

How to buy auto insurance online

Most of the larger companies such as Allstate and Progressive allow consumers to get insurance quotes direct online. Doing online price comparisons can be done by anyone as you just enter your coverage preferences into the quote form. When complete, the company’s rating system requests your driving and credit reports and generates pricing information based on the data you entered.

Online price quotes helps simplify price comparisons, but the time required to go to different websites and complete many quote forms is a waste of time. But it’s also necessary to perform this step if you want to get lower prices.

A more efficient way to get multiple rate quotes uses just one form that obtains quotes from many companies. It saves time, eliminates repetitive work, and makes online quotes much more enjoyable. After sending your information, your coverage is rated with multiple companies and you can pick any or none of the quotes returned.

If the quotes result in lower rates, you simply finish the application and purchase the new policy. It takes just a few minutes to complete and may save quite a bit of money.

To find out how much you’re overpaying now, click here and submit your coverage information. If you currently have coverage, we recommend you duplicate the limits and deductibles exactly as they are listed on your policy. Using the same limits helps guarantee you will have comparison quotes for similar insurance coverage.

Seven tips to get lower-cost insurance premiums

Multiple criteria are part of the equation when pricing auto insurance. Most are fairly basic like your driving record, but other factors are more obscure like your continuous coverage or how financially stable you are.

The factors shown below are some of the most common factors that factor into premiums.

  • Prevent your car from being stolen – Choosing to buy a car with a theft deterrent system can save you a little every year. Advanced theft deterrents such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart your car from being stolen.
  • Save by driving cars with good safety ratings – Vehicles with high crash test scores tend to be cheaper to insure. Vehicles engineered for safety protect occupants better and lower rates of occupant injuries means your insurance company pays less and lower rates for you. If your Cadillac has 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 qualify for a discount.
  • Lower rates for married couples – Getting married may cut your premiums on your car insurance policy. Having a significant other usually means you are more stable financially and it’s proven that being married results in fewer claims.
  • Costs are affected by your address – Being located in areas with lower population can save you money when insuring your vehicles. People who live in big cities have more traffic problems and a longer drive to work. Fewer drivers and short commutes means reduced accidents and a lower car theft rate.
  • Good drivers have lower prices – Your driving citation history impacts premiums far more than you think. Good drivers get better rates than their less careful counterparts. Having just one speeding ticket or other violation may cause rates to rise to the point where it’s not affordable. Drivers unfortunate enough to have careless violations like DUI or reckless driving may find that they have to to file a SR-22 to the state department of motor vehicles in order to continue driving.
  • An active car insurance claims history can cost more – If you are the type of insured that files lots of claims you can pretty much guarantee either policy cancellation or increased premiums. Companies award cheaper rates to policyholders who only file infrequent claims. Insurance coverage is designed for claims that pose a financial burden.
  • Does auto insurance cost less for gals? – Over the last 30 years, statistics show that females take fewer risks when driving. Now that doesn’t mean men are worse drivers. Females and males get in fender benders in similar percentages, but the male of the species get into accidents with more damage. Men also tend to get ticketed for serious violations such as reckless driving.

Your situation helps dictate your coverage

When it comes to buying proper insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Everyone’s situation is unique.

For example, these questions may help highlight whether or not you may require specific advice.

  • Where can I find DUI or SR-22 insurance?
  • What is PIP insurance?
  • How much liability coverage do I need in my state?
  • Am I getting all the discounts available?
  • Is my trailer covered?
  • Do I need rental car coverage?
  • How do I insure my teen driver?
  • Does coverage extend to my business vehicle?
  • Should I rate my 2006 Cadillac CTS-V as pleasure use or commute?
  • Should I buy only the required minimum liability coverage?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form. It’s fast, free and you can get the answers you need.

Insurance policy specifics

Knowing the specifics of your policy aids in choosing the best coverages at the best deductibles and correct limits. Insurance terms can be confusing and nobody wants to actually read their policy.

Liability coverage

This protects you from damage that occurs to other’s property or people that is your fault. This coverage protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 which means $100,000 bodily injury coverage, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Some companies may use one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability insurance covers things like funeral expenses, legal defense fees, bail bonds, court costs and medical services. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.

Comprehensive or Other Than Collision

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as a tree branch falling on your vehicle, damage from a tornado or hurricane, rock chips in glass, damage from flooding and hail damage. The highest amount your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

UM/UIM Coverage

This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as damage to your Cadillac CTS-V.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Auto collision coverage

This pays to fix your vehicle from damage caused by 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 coverage pays for claims such as rolling your car, driving through your garage door, crashing into a building, colliding with another moving vehicle and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Medical costs insurance

Coverage for medical payments and/or PIP kick in for bills like doctor visits, funeral costs, surgery and chiropractic care. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Save your cold hard cash

We just showed you some good ideas how you can compare 2006 Cadillac CTS-V insurance premium rates online. The key concept to understand is the more companies you get prices for, the better your comparison will be. Consumers may even find the biggest savings come from a lesser-known regional company.

When getting car insurance quotes online, do not reduce coverage to reduce premium. There are too many instances where someone sacrificed collision coverage and found out when filing a claim they didn’t purchase enough coverage. Your aim should be to buy a smart amount of coverage at an affordable rate while still protecting your assets.

Consumers leave their current company for any number of reasons including not issuing a premium refund, questionable increases in premium, denial of a claim or even high rates after DUI convictions. It doesn’t matter why you want to switch switching car insurance companies can be pretty painless.

For more information, feel free to browse the resources below: