Want the cheapest car insurance rates for your Cadillac ATS? Sick and tired of wondering where the money will come from each month for car insurance? You’re in the same situation as many other consumers. Insurance companies such as GEICO, Farmers Insurance and State Farm persitently shower you with TV and radio ads and it is difficult to ignore the promise of big savings and do the work needed to find the best deal.
Consumers should take time to do rate comparisons every six months since insurance prices change regularly. If you had the best price on ATS coverage two years ago the chances are good that you can find a lower rate today. Block out anything you think you know about car insurance because you’re about to learn the fastest way to find great coverage at a great price.
Many things are taken into consideration when you quote your car insurance policy. Some factors are common sense such as traffic violations, but other criteria are less obvious such as your credit history or your financial responsibility.
There are several ways to shop for insurance coverage, but there is one way that is less time-consuming than others. You could spend your day discussing policy coverages with insurance companies in your area, or you can stay home and use online quotes to achieve your goal.
Most car insurance companies belong to a marketplace that allows shoppers to send in one quote, and each company provides a quote determined by their information. This saves time by eliminating quote requests to each company.
To participate in this free quote system, click to open in new window.
The only drawback to doing it this way is you can’t choose which insurance companies to get pricing from. If you prefer to choose specific providers to compare, we have a page of companies who write insurance coverage in your area. View list of insurance companies.
You can choose any of those ways to find more affodable coverage, but be sure you’re using identical quote data with each company. If you enter higher or lower deductibles it’s not possible to determine which rate is truly the best.
Car insurance is not inexpensive, but there may be some discounts to help bring down the price. A few discounts will be applied at the time of quoting, but a few need to be specifically requested prior to receiving the credit.
A little disclaimer on discounts, most credits do not apply to the overall cost of the policy. A few only apply to specific coverage prices like liability and collision coverage. If you do the math and it seems like you would end up receiving a 100% discount, companies wouldn’t make money that way. Any amount of discount will cut the cost of coverage.
A list of car insurance companies and a summarized list of policyholder discounts are outlined below.
When getting a coverage quote, ask every insurance company to give you their best rates. Savings may not apply everywhere.
When it comes to choosing the best auto insurance coverage, there really is not a perfect coverage plan. Everyone’s needs are different and your policy should reflect that. For instance, these questions might help in determining whether you may require specific advice.
If you can’t answer these questions but one or more may apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.
Having a good grasp of a insurance policy helps when choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are typical coverage types found on most insurance policies.
Auto liability – This protects you from injuries or damage you cause to other people or property by causing an accident. It protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 50/100/50 that means you have a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.
Liability coverage protects against claims such as legal defense fees, medical services, pain and suffering, court costs and repair costs for stationary objects. How much coverage you buy is your choice, but buy as high a limit as you can afford.
Uninsured/Underinsured Motorist (UM/UIM) – This gives you protection from other motorists when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.
Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Comprehensive insurance – Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things like damage from flooding, damage from getting keyed, theft, hitting a deer and hail damage. The highest amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
Collision – Collision coverage will pay to fix damage to your ATS caused by collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against things like crashing into a ditch, damaging your car on a curb and backing into a parked car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.
Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses such as doctor visits, rehabilitation expenses, dental work and ambulance fees. They can be used to fill the gap from your health insurance program or if there is no health insurance coverage. It covers all vehicle occupants and also covers any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage
When getting insurance coverage quotes online, make sure you don’t skimp on critical coverages to save a buck or two. There have been many cases where drivers have reduced liability coverage limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy enough coverage at the lowest possible cost while not skimping on critical coverages.
More affordable car insurance can be bought both online and also from your neighborhood agents, so you need to shop insurance coverage with both to have the best chance of lowering rates. There are still a few companies who may not offer the ability to get quotes online and usually these small, regional companies only sell coverage through local independent agencies.
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