2012 Cadillac SRX Insurance Rates

Drivers have options when trying to find the best price on Cadillac SRX insurance. They can either waste time contacting agents to compare prices or leverage the internet to compare rates. There are more efficient ways to compare insurance coverage rates and you need to know the quickest way to quote coverages on a Cadillac and get the best price possible from both online companies and local agents.

Compare insurance rates

There are a lot of ways to compare insurance prices but some are less labor-intensive and much quicker. You can waste a lot of time driving to agents in your area, or you can stay home and use the internet to maximize your effort.

All the larger companies participate in a marketplace where prospective buyers only type in their quote data once, and each company can provide price quotes. This system prevents you from having to do quotation requests to every company.

To fill out one form to compare multiple rates now click here (opens in new window).

One minor caviat to doing it this way is you don’t know exactly which providers you want to price. If you prefer to choose specific insurance companies for rate comparison, we have a page of low cost insurance companies in your area. View list of insurance companies.

Take whichever approach you prefer, but compare the same coverage data for each comparison quote. If each company quotes different limits and deductibles on each one then you won’t be able to determine which rate is truly the best.

Take advantage of every insurance discount

Companies that sell car insurance do not list every discount they offer in a way that’s easy to find, so we researched both the well known and the harder-to-find credits that may apply to you.

  • Seat Belt Usage – Drivers who require all occupants to use a seat belt can save a little off the personal injury premium cost.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to sucessfully take a drivers education course in high school.
  • Auto/Life Discount – Insurance carriers who offer life insurance give a small discount if you purchase some life insurance in addition to your auto policy.
  • No Claim Discounts – Claim-free drivers pay much less compared to drivers who are more careless.
  • New Vehicle Savings – Buying coverage on a new vehicle may earn a small discount since new model year vehicles are generally safer.

One thing to note about discounts is that some credits don’t apply to all coverage premiums. Most only apply to individual premiums such as medical payments or collision. So despite the fact that it appears you would end up receiving a 100% discount, you aren’t that lucky. Any qualifying discounts will positively reduce your policy cost.

A few of the larger companies and a partial list of their discounts are outlined below.

  • GEICO offers premium reductions for good student, federal employee, air bags, anti-theft, seat belt use, and daytime running lights.
  • Travelers includes discounts for multi-car, IntelliDrive, driver training, payment discounts, good student, and save driver.
  • Farm Bureau has discounts for good student, safe driver, 55 and retired, multi-policy, and multi-vehicle.
  • Liberty Mutual has savings for good student, new move discount, teen driver discount, exclusive group savings, preferred payment discount, new graduate, and hybrid vehicle.
  • American Family discounts include good student, multi-vehicle, mySafetyValet, Steer into Savings, and air bags.
  • Progressive offers discounts including good student, multi-policy, homeowner, multi-vehicle, continuous coverage, and online quote discount.

If you are trying to find cheaper insurance coverage quotes, ask all companies you are considering which credits you are entitled to. Discounts may not be offered everywhere.

How to know if you need help

When choosing adequate coverage for your vehicles, there really is not a best way to insure your cars. Everyone’s situation is a little different.

These are some specific questions can aid in determining if you might need professional guidance.

  • Can I pay claims out-of-pocket if I buy high deductibles?
  • What is the rate difference between pleasure use and commuting?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Do all my vehicles need collision coverage?
  • Does my personal policy cover me when driving out-of-state?
  • Exactly who is provided coverage by my policy?
  • I have health insurance so do I need medical payments coverage?
  • What are the best liability limits?
  • Can I drive in Mexico and have coverage?

If it’s difficult to answer those questions, you might consider talking to an insurance agent. If you want to speak to an agent in your area, complete this form. It’s fast, doesn’t cost anything and may give you better protection.

What determines Cadillac SRX insurance premiums?

Part of the insurance coverage buying process is learning the different types of things that are used to determine the level of your policy premiums. If you have some idea of what positively or negatively impacts your premiums, this enables you to make decisions that can earn you big savings.

The list below includes just a few of the factors insurance coverage companies consider when setting prices.

  • Five star IIHS safety rating saves money – Cars with high safety ratings can get you lower premiums. Safe vehicles reduce occupant injuries and better occupant protection translates directly to fewer claims which can mean better rates for you. If your Cadillac has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
  • Gender and car insurance – Statistics show women tend to be less risk to insure than men. However, this does not mean females are better at driving than males. Males and females have at-fault accidents in similar numbers, but the men cause more damage and cost insurance companies more money. Men also tend to get higher numbers of serious violations like driving under the influence (DUI). Male teenagers tend to get in the most accidents so they pay the highest premiums.
  • Always have insurance coverage – Having a lapse in insurance coverage can be a fast way to increase your renewal premiums. Not only will you pay higher rates, getting caught without coverage may result in fines or a revoked license. You will then be forced to submit proof of financial responsibility or a SR-22 with your state motor vehicle department to get your license reinstated.
  • Extra coverages you don’t need – There are a lot of additional extra coverages that sound like a good idea at the time if you don’t pay attention. Coverages for replacement cost coverage, death and dismemberment, and Farm Bureau memberships may be wasting your money. These coverages may sound good when buying your policy, but if you don’t need them remove them from your policy.
  • Get hitched and get better prices – Your spouse can actually save you money when shopping for insurance coverage. Marriage translates into being more financially stable and insurance companies reward insureds because drivers who are married file infrequent claims.
  • Save money by having multiple policies – The majority of insurance coverage companies will award lower prices to people that purchase more than one policy in the form of a multi-policy discount. Even with this discount, it’s still a good idea to comparison shop to make sure you are getting the best deal.
  • Long commutes cost more – The higher the mileage driven every year the more it will cost to insure it. Most insurance companies charge rates based on how the vehicle is used. Autos that are left in the garage receive lower rates than vehicles that have high annual mileage. It’s a good idea to make sure your policy correctly shows the right rating data, because it can save money. An improperly rated SRX is just wasting money.

Car insurance 101

Understanding the coverages of your policy aids in choosing the right coverages and proper limits and deductibles. Insurance terms can be difficult to understand and reading a policy is terribly boring.

UM/UIM Coverage

This coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as damage to your Cadillac SRX.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive or Other Than Collision

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as damage from getting keyed, fire damage and rock chips in glass. The maximum amount your 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 probably time to drop comprehensive insurance.

Collision coverage protection

This will pay to fix damage to your SRX caused by collision with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as backing into a parked car, hitting a mailbox, sideswiping another vehicle and scraping a guard rail. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Coverage for liability

This will cover injuries or damage you cause to people or other property that is your fault. It protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 25/50/25 which stand for $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability can pay for things like loss of income, court costs, pain and suffering and emergency aid. How much liability coverage do you need? That is a personal decision, but you should buy as large an amount as possible.

Medical costs insurance

Med pay and PIP coverage provide coverage for immediate expenses for pain medications, chiropractic care, funeral costs and dental work. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Spend less. Save more.

Drivers leave their current company for a variety of reasons including delays in paying claims, high rates after DUI convictions, extreme rates for teen drivers or an unsatisfactory settlement offer. It doesn’t matter why you want to switch finding a new company is not as difficult as it may seem.

We just showed you quite a bit of information on how to compare 2012 Cadillac SRX insurance prices online. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. Consumers may even find the lowest prices are with some of the smallest insurance companies.

As you prepare to switch companies, don’t be tempted to buy poor coverage just to save money. Too many times, an insured cut liability coverage limits only to regret at claim time that it was a big error on their part. Your aim should be to buy enough coverage at the best price, not the least amount of coverage.

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