View 2014 Cadillac CTS-V Insurance Rates

Shopping for the cheapest insurance coverage could seem overwhelming if you are like the majority of consumers and have never used online price quotes. But don’t be overwhelmed because comparing prices is actually very simple.

More discounts mean cheaper premiums

Car insurance companies do not advertise the complete list of policy discounts in an easy-to-find place, so we took the time to find some of the more common in addition to some of the lesser obvious insurance savings.

  • Drivers Ed for Students – Cut your cost by having your teen driver take driver’s ed class if offered at their school.
  • Data Collection Discounts – Policyholders that allow their company to look at where and when they drive by using a small device installed in their vehicle like In-Drive from State Farm and Progressive’s Snapshot could save a few bucks as long as the data is positive.
  • Bundle and Save – If you can bundle your auto and home insurance with one insurance company you may save approximately 10% to 15%.
  • Safety Course Discount – Successfully completing a course teaching defensive driver skills is a good idea and can lower rates and make you a better driver.
  • Pay Early and Save – If you pay your bill all at once instead of monthly or quarterly installments you could save up to 5%.
  • Good Student – Getting good grades can be rewarded with saving of up to 25%. The good student discount can last until age 25.
  • Military Discounts – Having an actively deployed family member can result in better prices.
  • Low Mileage – Driving less can qualify you for better insurancerates on cars that stay parked.
  • Organization Discounts – Belonging to certain professional organizations can get you a small discount when getting a insurance coverage quote.

Just know that most credits do not apply the the whole policy. Most only reduce the price of certain insurance coverages like liability and collision coverage. So when it seems like you can get free auto insurance, you’re out of luck.

To see insurance companies offering insurance discounts, click here.

Low cost auto insurance prices

Comparing auto insurance rates can take hours if you don’t utilize the most efficient way. You can waste hours talking to local insurance agents in your area, or you can stay home and use online quotes to maximize your effort.

Most of the best insurance companies enroll in a system that allows shoppers to complete one form, and every company can provide price quotes based on that data. This saves time by eliminating form submissions for each company you want a rate for.

To find out how much you can save on auto insurance click to open in new window.

The only drawback to pricing coverage this way is that consumers can’t choose the insurers to get quotes from. If you wish to select individual companies to receive pricing from, we have assembled a list of auto insurance companies in your area. Click here for list of insurance companies.

However you get your quotes, do your best to enter the same quote data with every price quote. If you are comparing different limits and deductibles on each one it will be very difficult to find the best deal for your Cadillac CTS-V. Quoting even small variations in insurance coverages could mean much higher rates. And when quoting auto insurance, remember that comparing more company’s prices helps you find the best price.

Get more affordable insurance costs by understanding these factors

Many things are taken into consideration when you get a price on insurance. A few of the factors are predictable such as your driving history, although some other factors are less apparent like your vehicle usage or how safe your car is.When buying insurance it’s important to understand the rating factors that are used to determine the price you pay for insurance. When you know what positively or negatively influences your rates, this enables you to make decisions that could result in lower premium levels.

Shown below are some of the major factors insurance companies consider when setting your rates.

  • Responsible drivers pay less – Being a careful driver impacts premiums far more than you think. Having just one speeding ticket or other violation could increase your next policy renewal by as much as thirty percent. Good drivers have lower premiums than their less careful counterparts. Drivers who have received careless violations like hit and run, DWI or reckless driving convictions may face state-mandated requirements to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to keep their license.
  • Poor credit can mean higher costs – Having a bad credit history can be a huge factor in determining what you pay for insurance. People that have good credit tend to be better drivers and file fewer claims than those with lower ratings. Therefore, if your credit history leaves room for improvement, you could save money insuring your 2014 Cadillac CTS-V by improving your rating.
  • Know your vehicle’s safety rating – Safe vehicles tend to have lower insurance rates. The safest vehicles reduce injuries and fewer serious injuries means less money paid by your insurance company and thus lower rates.
  • Rural vs Urban Areas – Being located in smaller towns and rural areas of the country is a good thing when shopping for auto insurance. Fewer drivers on the road corresponds to lower accident rates and a lower car theft rate. Urban drivers tend to have more aggressive driving styles and higher rates of accident claims. Longer commute distances means more chance of being in an accident.

It’s not one size fits all

When buying the best insurance coverage for your personal vehicles, there is no cookie cutter policy. Every situation is different.

For example, these questions might point out whether or not you will benefit from professional help.

  • Where can I find high-risk insurance?
  • How high should my uninsured/underinsured coverage be in my state?
  • Are my friends covered when driving my 2014 Cadillac CTS-V?
  • When would I need rental car insurance?
  • Does my car insurance cover rental cars?
  • Why is insurance for a teen driver so high?
  • Do I have coverage when using my vehicle for my home business?
  • Do I need an umbrella policy?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form.

Can you really save that much by switching?

Popular car insurance providers such as State Farm and Allstate constantly bombard you with television, radio, and online ads. All the companies make an identical promise that drivers can save some big amount if you move your coverage to them. How does every car insurance company claim to save you money? It’s all in the words they use.

Insurance companies quote their best rates for the type of insured that earns them the highest profit. For example, a profitable insured should be between 30 and 50, has never had a claim, and has great credit. A driver who fits those characteristics may get the lowest auto insurance rates and therefore will cut their rates if they switch.

Potential customers who do not meet those standards will have to pay higher premiums and the customer buying from someone else. If you pay close attention to the ads, they say “people that switch” not “everyone that quotes” save that much money. This is how insurance companies can confidently make claims like that. Because each company has a different risk profile, you absolutely need to do a price quote comparison at every renewal. It is impossible to guess the company that will have better rates than you’re paying now.

Car insurance 101

Understanding the coverages of car insurance helps when choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Liability insurance

Liability coverage can cover damages or injuries you inflict on other’s property or people. This coverage protects you against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery.

Liability coverage pays for things like legal defense fees, attorney fees, medical services and loss of income. How much liability should you purchase? That is up to you, but you should buy as much as you can afford.

Coverage for collisions

This pays for damage to your CTS-V resulting from colliding with an object or car. A deductible applies then your collision coverage will kick in.

Collision insurance covers things such as crashing into a building, colliding with another moving vehicle and backing into a parked car. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible in order to get cheaper collision rates.

Comprehensive coverages

This coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like hail damage, rock chips in glass, a broken windshield, fire damage and damage from getting keyed. The most a car insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Coverage for medical payments

Med pay and PIP coverage pay for expenses such as rehabilitation expenses, pain medications, hospital visits, funeral costs and doctor visits. The coverages can be used in conjunction with a health insurance program or if there is no health insurance coverage. It covers you and your occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Uninsured and underinsured coverage

This provides protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries as well as damage to your Cadillac CTS-V.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Shop smart and save

While you’re price shopping online, don’t be tempted to skimp on critical coverages to save a buck or two. There are a lot of situations where someone sacrificed collision coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy the best coverage you can find at the best price, not the least amount of coverage.

We just presented many tips how you can get a better price on 2014 Cadillac CTS-V insurance. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding inexpensive insurance coverage. You may even find the biggest savings come from a small mutual company.

People leave their current company for many reasons like policy cancellation, an unsatisfactory settlement offer, not issuing a premium refund and unfair underwriting practices. Regardless of your reason, choosing a new company is pretty easy and you might even save some money in the process.

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