How Much Does 2006 Cadillac SRX Car Insurance Cost?

Searching for lower auto insurance rates for your Cadillac SRX? Feel like you’re a prisoner to high-priced auto insurance? Trust us when we tell you many consumers are feeling buyer’s remorse and feel like there’s no way out.

Because you have many auto insurance companies to choose from, it’s difficult to find the most affordable company.

Buying car insurance is not that difficult. If you have car insurance now, you stand a good chance to be able to lower your premiums substantially using these methods. But consumers need to learn the way insurance companies sell online because it can help you find the best coverage.

Auto Insurance Discounts

Properly insuring your vehicles can get expensive, but you might already qualify for some discounts that can help lower your rates. Some discounts will apply when you get a quote, but some need to be specially asked for before you get the savings.

  • Service Members Pay Less – Being on active duty in the military could be rewarded with lower rates.
  • Professional Memberships – Having an affiliation with qualifying employment or professional organizations is a good way to get lower rates on your bill.
  • Telematics Devices – Insureds who allow driving data collection to scrutinize where and when they drive by using a telematic data system like Drivewise from Allstate or In-Drive from State Farm may see discounts if their driving habits are good.
  • ABS Brakes – Vehicles that have steering control and anti-lock brakes have fewer accidents and qualify for as much as a 10% discount.
  • Safety Course Discount – Passing a safe driver course is a good idea and can lower rates if your company offers it.
  • Passive Restraints – Vehicles with factory air bags or motorized seat belts may qualify for discounts of up to 25% or more.
  • Accident Forgiveness Coverage – This one is not really a discount per se, but some companies like Liberty Mutual and GEICO will let one accident slide before raising your premiums if your claims history is clear for a specific time period.
  • Good Grades Discount – Getting good grades may save as much as 25% on a auto insurance quote. Most companies allow this discount up to age 25.

As a sidenote, some credits don’t apply the the whole policy. Some only reduce individual premiums such as comp or med pay. Even though the math looks like having all the discounts means you get insurance for free, companies wouldn’t make money that way.

A list of companies and the discounts they provide include:

  • American Family has discounts for early bird, defensive driver, multi-vehicle, bundled insurance, TimeAway discount, mySafetyValet, and good student.
  • Farm Bureau offers discounts including safe driver, 55 and retired, renewal discount, good student, driver training, and multi-policy.
  • State Farm may offer discounts for safe vehicle, multiple policy, good student, accident-free, Drive Safe & Save, multiple autos, and passive restraint.
  • Travelers policyholders can earn discounts including good student, student away at school, home ownership, payment discounts, driver training, and new car.
  • The Hartford may have discounts that include air bag, bundle, vehicle fuel type, driver training, anti-theft, and defensive driver.
  • GEICO offers premium reductions for air bags, military active duty, five-year accident-free, federal employee, and defensive driver.
  • Progressive has savings for good student, online signing, continuous coverage, multi-vehicle, homeowner, and online quote discount.

If you are trying to find cheap auto insurance quotes, ask all companies you are considering which credits you are entitled to. Some discounts listed above may not apply everywhere.

The easiest way to compare insurance rates in your area is to realize most larger insurance companies participate in online systems to provide you with free rate quotes. All consumers are required to do is give them some information including whether you are single or married, coverage limits, the ages of drivers, and whether you drive to work or school. Those rating factors is then submitted to many highly-rated insurers and you will receive price estimates instantly to find the best rate.

Smart consumers can cut insurance costs

An important part of buying insurance is that you know a few of the rating criteria that aid in calculating the rates you pay for insurance coverage. If you understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that will entitle you to cheaper rates. Many factors are part of the equation when quoting car insurance. Some are pretty understandable such as your driving record, but other criteria are less obvious like your vehicle usage or your commute time.

  • Prevent your car from being stolen – Buying a car with a theft deterrent system can save you a little every year. Systems that thwart theives such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack can help prevent vehicle theft.
  • Companies want multiple policies – Most larger insurers give discounts to clients that have more than one policy, otherwise known as a multi-policy discount. Discounts can be 10 percent or more. If you currently are using one company, it’s still a good idea to get quotes from other companies to help guarantee you have the best rates.
  • Men drivers tend to cost more – Statistics have proven that females tend to be a little less risky than males. Now that doesn’t mean women are BETTER drivers than men. Men and women are in fender benders in similar numbers, but males cause more damage and cost insurance companies more money. Not only are claims higher, but men have more aggressive citations like DWI (DUI) or reckless driving. Teenage male drivers cause the most accidents so they pay the highest premiums.
  • High premiums for youthful drivers – Inexperience drivers have a tendency to be inattentive and easily distracted when at the wheel of a vehicle so insurance coverage rates are higher. Older drivers are shown to be more cautious, cost insurance companies less in claims .

Tailor your insurance coverage coverage to you

When it comes to buying proper insurance coverage for your vehicles, there really is not a cookie cutter policy. Everyone’s situation is a little different so this has to be addressed. These are some specific questions may help you determine whether your personal situation could use an agent’s help.

  • Do I have coverage when pulling a U-Haul trailer?
  • Which is better, split liability limits or combined limits?
  • Am I covered when using my vehicle for business?
  • Is extra glass coverage worth it?
  • Do I have coverage when using my vehicle for my home business?
  • How do I insure my teen driver?
  • I don’t drive much so do I pay less?
  • Should I waive the damage coverage when renting a car?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • How much liability insurance is required?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Car insurance 101

Having a good grasp of your auto insurance policy helps when choosing appropriate coverage for your vehicles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverages found on most auto insurance policies.

Liability coverage

This will cover damage or injury you incur to other’s property or people by causing an accident. It protects YOU against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability can pay for claims such as court costs, funeral expenses and loss of income. How much coverage you buy is a decision to put some thought into, but you should buy higher limits if possible.

Auto collision coverage

Collision coverage will pay to fix damage to your SRX resulting from a collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like colliding with another moving vehicle, crashing into a ditch and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. You can also choose a higher deductible to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for bills like rehabilitation expenses, chiropractic care and dental work. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive insurance

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like damage from getting keyed, damage from a tornado or hurricane, theft and vandalism. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Cadillac SRX.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is a good idea.

The best insurance company isn’t always the cheapest

We just showed you a lot of information how to compare 2006 Cadillac SRX insurance prices online. It’s most important to understand that the more rate quotes you have, the better your comparison will be. Consumers may even find the best prices are with a small mutual company. They may often insure only within specific states and give getter rates than the large multi-state companies such as GEICO and State Farm.

Some companies may not have online rate quotes and many times these smaller companies only sell through independent agents. The cheapest 2006 Cadillac SRX insurance is possible on the web and with local insurance agents, and you should compare rates from both so you have a total pricing picture.

When buying insurance coverage, you should never sacrifice coverage to reduce premiums. In many instances, an insured dropped physical damage coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The aim is to get the best coverage possible for the lowest cost.

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