View 2014 Cadillac ELR Car Insurance Quotes

Searching for cheaper insurance rates for your Cadillac ELR? I can’t think of anyone who gets a kick out of paying for insurance, especially when they know their premiums are through the roof.

Because there are so many insurance providers from which to choose, it can be impossible to choose the lowest cost insurance company.

Get cheaper auto insurance with discounts

Companies that sell car insurance don’t always list every policy discount in a way that’s easy to find, so the list below details a few of the more common and the more hidden ways to save on auto insurance.

  • Student Discounts – Performing well in school may save as much as 25% on a auto insurance quote. Many companies even apply the discount to college students until age 25.
  • Senior Citizen Discount – If you’re over the age of 55, you could receive a slight reduction on a auto insurance quote for ELR insurance.
  • Low Miles Discount – Low annual miles could earn lower auto insurancerates on the low mileage vehicles.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes can avoid accidents so companies give up to a 10% discount.
  • Multi-Vehicle Discounts – Buying coverage for several vehicles on a single policy qualifies for this discount.
  • Own a Home and Save – Being a homeowner may trigger a policy discount on auto insurance because it shows financial diligence.
  • Early Payment Discounts – By paying your entire bill at once instead of making monthly payments you may have a lower total premium amount.
  • Telematics Data Discounts – Drivers who agree to allow their company to monitor vehicle usage by using a telematics device in their vehicle such as Snapshot from Progressive or Drivewise from Allstate might see lower rates if they show good driving skills.

As a disclaimer on discounts, many deductions do not apply the the whole policy. Most cut the cost of specific coverages such as medical payments or collision. So when it seems like you would end up receiving a 100% discount, you’re out of luck.

Companies that have these discounts include:

When getting a coverage quote, ask every insurance company which discounts you qualify for. Some discounts may not be available in your area.

Why you might pay higher rates

Lots of factors are used when premium rates are determined. Some of the criteria are obvious like an MVR report, although others are less obvious such as your marital status or your vehicle rating.

Listed below are some of the items used by your company to calculate rates.

  • Rental and towing coverage may not be needed – Insurance companies have many additional coverages that you can buy when buying car insurance. Things like roadside assistance, better glass coverage, and motor club memberships may be costing you every month. They may seem good when talking to your agent, but if you have no use for them eliminate the coverages to reduce your premium.
  • How do annual miles impact rates? – The more miles you rack up on your Cadillac in a year’s time the more you’ll pay to insure your vehicle. Almost all companies apply a rate determined by how the vehicle is used. Autos not used for work or commuting receive better premium rates than vehicles that are driven to work every day. It’s a smart idea to ensure your car insurance coverage correctly shows the right rating data, because it can save money. Incorrect rating for your ELR may be costing you higher rates.
  • Where you live can modify rates – Choosing to live in areas with lower population may provide you with better prices when buying car insurance. Less people means less chance of accidents. Residents of big cities regularly have traffic congestion and longer commutes to work. Longer commute distances means a statistically higher chance of an accident.
  • Driver age impacts costs – Young drivers have a tendency to be careless and easily distracted behind the wheel so they pay higher car insurance rates. If you’ve ever had to add a teenage driver onto your car insurance can break the bank. More experienced drivers are more cautious drivers, cause fewer claims and accidents and get fewer tickets.
  • Safer vehicles save money – Vehicles with high crash test scores are cheaper to insure. The safest vehicles result in less severe injuries and fewer injuries means less money paid by your insurance company and cheaper rates on your policy. If your Cadillac ELR scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
  • Credit rating impacts premium rates – Having a bad credit score is a big factor in your rate calculation. People that have very good credit scores tend to file fewer claims than those with lower ratings. If your credit history is lower than you’d like, you could potentially save money when insuring your 2014 Cadillac ELR if you clean up your credit.

Tailor your car insurance coverage to you

When it comes to choosing the right insurance coverage for your vehicles, there really is no one size fits all plan. Each situation is unique and your policy should reflect that. These are some specific questions can aid in determining if you may require specific advice.

  • How high should my medical payments coverage be?
  • What can I do if my company denied a claim?
  • How much liability insurance is required?
  • Am I missing any policy discounts?
  • When should I drop full coverage on my 2014 Cadillac ELR?
  • Does my liability insurance cover pulling a trailer or camper?
  • Why is insurance for a teen driver so high?
  • Do I need motorclub coverage?
  • Am I covered if I wreck a rental car?
  • Do I need rental car coverage?

If you’re not sure about those questions, you might consider talking to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier

Do drivers who switch really save?

Well-known auto insurance companies like Progressive, GEICO, Allstate and State Farm consistently run ads on television and other media. They all seem to advertise the message that drivers can save some big amount after switching your policy. How does every company sell you cheaper insurance coverage? This is the way they can do it.

All companies give the best rates for the right customer that will most likely be profitable. For example, a desirable insured should be between the ages of 40 and 55, has never had a claim, and drives less than 7,500 miles a year. A customer getting a price quote that fits those parameters will get very good rates and most likely will save when they switch companies.

Consumers who don’t measure up to these standards may be required to pay higher premium rates with the end result being business going elsewhere. The ads say “people that switch” not “everyone that quotes” save the amount stated. That’s the way insurance companies can confidently lure you into getting a quote.

Each company has different criteria, so you should get price quotes at each policy renewal. It’s just not possible to know which insurance companies will have better car insurance rates than you’re paying now.

Parts of your insurance policy

Knowing the specifics of insurance can help you determine appropriate coverage for your vehicles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. These are typical coverages found on the average insurance policy.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like a tree branch falling on your vehicle, falling objects, hitting a deer and damage from flooding. The highest amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Auto collision coverage

Collision insurance will pay to fix damage to your ELR caused by collision with another car or object. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims like damaging your car on a curb, sideswiping another vehicle, crashing into a building, sustaining damage from a pot hole and hitting a mailbox. This coverage can be expensive, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. It can pay for injuries to you and your family and damage to your Cadillac ELR.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Insurance for medical payments

Coverage for medical payments and/or PIP reimburse you for immediate expenses for funeral costs, EMT expenses, surgery, chiropractic care and nursing services. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Liability

This will cover damage that occurs to other people or property by causing an accident. This insurance protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability can pay for claims such as repair bills for other people’s vehicles, structural damage, repair costs for stationary objects, pain and suffering and court costs. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Be Smart and Buy Smart

As you restructure your insurance plan, it’s not a good idea to buy lower coverage limits just to save a few bucks. In many instances, someone sacrificed liability limits or collision coverage only to find out that their decision to reduce coverage ended up costing them more. The aim is to purchase a proper amount of coverage at the best possible price, but do not skimp to save money.

We’ve covered a lot of techniques to lower your 2014 Cadillac ELR insurance premium rates. It’s most important to understand that the more rate comparisons you have, the better likelihood of getting low cost auto insurance. Consumers may even find the biggest savings come from a lesser-known regional company. These companies often have lower prices on specific markets compared to the large companies like Allstate or State Farm.

Additional information can be found on the following sites: