2006 Cadillac XLR-V Car Insurance Cost – 6 Ways to Save

Being forced to pay for high-priced insurance coverage premiums can dry up your budget, especially in this economy. Shopping your coverage around is free, only takes a few minutes, and is a good way to cut your insurance bill.

Multiple car insurance companies compete to insure your vehicles, so it can be very hard to choose a insurer to discover the definitive lowest price

Cheap insurance coverage quotes with discounts

Insurance coverage can be pricey, but you can get discounts that you may not even know about. Certain credits will be shown when you complete an application, but a few must be specifically requested prior to receiving the credit.

  • Drive Safe and Save – Drivers who don’t get into accidents may receive a discount up to 45% on XLR-V insurance than drivers with accident claims.
  • Sign Online – Certain insurance companies will give a small break just for signing your application digitally online.
  • Discounts for Multiple Vehicles – Buying a policy with multiple vehicles with one company may reduce the rate for each vehicle.
  • Bundled Policy Discount – When you combine your auto and homeowners insurance with the same company you could earn a discount of up to 20% and get you the cheapest insurance coverage.
  • Membership in Organizations – Participating in a civic or occupational organization could earn you a nice discount when getting a insurance coverage quote.
  • Accident Forgiveness Coverage – This one is not really a discount per se, but some insurance companies may permit one accident before your rates go up as long as you don’t have any claims for a particular time prior to the accident.

Discounts lower rates, but most discounts do not apply to the entire cost. Most only cut specific coverage prices like liability, collision or medical payments. So when it seems like it’s possible to get free car insurance, companies wouldn’t make money that way. Any qualifying discounts will help reduce the cost of coverage.

Large insurance coverage companies and a selection of discounts are detailed below.

  • 21st Century discounts include early bird, student driver, 55 and older, teen driver, homeowners, anti-lock brakes, and defensive driver.
  • Progressive has savings for homeowner, online signing, multi-policy, continuous coverage, and online quote discount.
  • State Farm may offer discounts for safe vehicle, accident-free, multiple autos, Drive Safe & Save, good driver, and anti-theft.
  • Nationwide has discounts for defensive driving, anti-theft, multi-policy, business or organization, Farm Bureau membership, and easy pay.
  • Esurance offers discounts for DriveSense, paid-in-full, multi-car, defensive driver, and online shopper.
  • The Hartford includes discounts for vehicle fuel type, air bag, bundle, anti-theft, and driver training.

When getting a coverage quote, ask every company how you can save money. Discounts might not apply in your area. If you would like to choose from a list of insurance coverage companies with the best discounts, follow this link.

Tailor your insurance coverage coverage to you

When it comes to buying adequate coverage for your personal vehicles, there really is not a single plan that fits everyone. Each situation is unique so your insurance needs to address that. For example, these questions might point out if your insurance needs would benefit from an agent’s advice.

  • I have good health insurance, so how much medical payments coverage do I need?
  • Is business equipment covered while in my vehicle?
  • Am I covered when pulling a rental trailer?
  • How much liability insurance is required?
  • Where can I find high-risk insurance?
  • Does my policy cover my teen driver if they drive my company car?
  • Can I still get insurance after a DUI?
  • Does insurance cover tools stolen from my truck?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.

Advertising myths

Consumers can’t escape the ads that promise big savings for switching by companies like 21st Century, Allstate and State Farm. They all seem to make an identical promise about how much you will save if you move your coverage to them.

How do they all make almost identical claims? You have to listen carefully.

Auto insurance companies have an ideal profile for a prospective insured that will be a good risk. An example of a profitable insured may be between the ages of 40 and 55, has never had a policy lapse, and drives a vehicle with a low ISO rating. Any person that hits that “sweet spot” receives the best prices and is almost guaranteed to cut their rates substantially.

Consumers who do not match the “perfect” profile will get a more expensive rate and this results in the customer buying from a different company. The trick is to say “drivers that switch” but not “everyone who gets a quote” save money. That’s why insurance companies can confidently lure you into getting a quote.

Because of this risk profiling, you need to do a rate comparison at every renewal. You cannot predict which auto insurance company will have the best prices for your profile.

Car insurance specifics

Knowing the specifics of your car insurance policy helps when choosing which coverages you need and proper limits and deductibles. The terms used in a policy can be confusing and coverage can change by endorsement. Below you’ll find the normal coverages found on the average car insurance policy.

Collision coverage – This coverage pays for damage to your XLR-V from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as hitting a mailbox, rolling your car, hitting a parking meter, sideswiping another vehicle and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Cadillac XLR-V.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Most of the time these coverages are identical to your policy’s liability coverage.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage pay for bills like prosthetic devices, chiropractic care, surgery and pain medications. They are often used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants as well as being hit by a car walking across the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance – This will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as fire damage, vandalism, theft, damage from flooding and hail damage. The maximum payout your car insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Liability coverages – Liability coverage can cover damage that occurs to people or other property that is your fault. It protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Another option is a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for claims like repair bills for other people’s vehicles, repair costs for stationary objects, medical services and loss of income. How much coverage you buy is up to you, but consider buying as high a limit as you can afford.

Don’t break the bank

Discount 2006 Cadillac XLR-V insurance can be found from both online companies in addition to many insurance agents, so get free insurance coverage quotes from both of them to have the best selection. Some auto insurance companies don’t offer online rate quotes and usually these smaller companies sell through independent insurance agencies.

You just read quite a bit of information on how to save on 2006 Cadillac XLR-V insurance. The key thing to remember is the more quotes you get, the more likely it is that you will get a better rate. You may even find the best prices are with a lesser-known regional company. These smaller insurers can often provide lower rates in certain areas than the large multi-state companies such as Allstate or State Farm.

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