2005 Cadillac SRX Insurance Quotes – 10 Tips for Cheaper Rates

Sick and tired of not being able to afford to buy car insurance? You are no different than many other consumers.

Insurance companies such as Geico, Progressive and Allstate constantly blast consumers with fancy advertisements and it can be hard to ignore the flying pigs and cute green geckos and find the best price available.

It’s a good idea to do rate comparisons quite often since insurance rates are variable and change quite frequently. Even if you think you had the best deal for SRX insurance a couple years back the chances are good that you can find a lower rate today. Forget all the misinformation about auto insurance because you’re about to learn the only way to eliminate unnecessary coverages and save money.

If you have car insurance now, you will most likely be able to cut costs considerably using these tips. Buying car insurance is easy if you know what you’re doing. But drivers benefit from understanding the way insurance companies market insurance on the web.

Vehicle Insurance Comparison

When shopping for auto insurance there are multiple ways of comparing price quotes from auto insurance companies in your area. The recommended way to compare 2005 Cadillac SRX insurance prices is simply to get online rate quotes. This is very easy and can be done in just a few minutes using one of these methods.

  • One of the simplest ways to get the best comparison quotes is a comparison rater form (click to open form in new window). This type of form keeps you from doing boring form submissions to each individual auto insurance company. A single form compares rates from auto insurance companies with the best prices.
  • A harder way to shop for auto insurance online is spending the time to visit each company’s website to complete a price quote. For examples sake, let’s say you want to compare rates from Allstate, Geico and Liberty Mutual. To get each rate you have to spend time on each company’s site and enter your information, which is why most consumers use the first method.

    For a list of links to companies insuring cars in your area, click here.

However you get your quotes, make darn sure you compare identical information with every price quote. If each company quotes different liability limits you will not be able to make an equal comparison. Having just a slight variation in coverage limits may result in a large different in cost. And when price shopping your coverage, comparing a large number of companies will improve the odds of getting better pricing.

Are you getting all your discounts?

Car insurance companies don’t always advertise all available discounts very clearly, so we took the time to find some of the more common as well as the least known discounts you could be receiving.

  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems can avoid accidents and earn discounts up to 10%.
  • Homeowners Savings – Being a homeowner may trigger a auto insurance policy discount because maintaining a house demonstrates responsibility.
  • Drive Less and Save – Driving fewer miles could qualify for discounted rates on garaged vehicles.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems help deter theft and qualify for as much as a 10% discount.
  • Service Members Pay Less – Being deployed with a military unit can result in better rates.
  • Air Bag Discount – Factory air bags can qualify for discounts of 20% or more.
  • Discounts for Safe Drivers – Insureds without accidents can pay as much as 50% less for SRX insurance than less cautious drivers.
  • Auto/Home Discount – If you have multiple policies with the same company you will save 10% to 20% off each policy.
  • Good Student Discount – Performing well in school can save 20 to 25%. This discount can apply until age 25.
  • Sign Online – Certain companies give back up to $50 simply for signing digitally online.

It’s important to note that most discounts do not apply the the whole policy. Most only reduce the cost of specific coverages such as liability and collision coverage. So even though it sounds like all the discounts add up to a free policy, it doesn’t quite work that way.

Insurance companies who might offer these benefits are:

Check with each insurance company which discounts you may be entitled to. Savings might not apply in your area.

Tailor your coverage to you

When it comes to buying the best insurance coverage for your vehicles, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s so this has to be addressed. These are some specific questions might help in determining if your situation might need professional guidance.

  • Is my state a no-fault state?
  • Are there companies who specialize in insuring high-risk drivers?
  • Can I rent a car in Mexico?
  • Why does it cost so much to insure a teen driver?
  • Does my policy pay for OEM or aftermarket parts?
  • Is motorclub coverage worth it?

If you’re not sure about those questions, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.

The coverage is in the details

Knowing the specifics of your policy aids in choosing the best coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Shown next are typical coverages found on most insurance policies.

Auto liability insurance

This protects you from damage that occurs to a person or their property by causing an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 100/300/100 that means you have $100,000 bodily injury coverage, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for things like repair bills for other people’s vehicles, legal defense fees, bail bonds, medical expenses and loss of income. How much liability coverage do you need? That is up to you, but buy as much as you can afford.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage pay for expenses like hospital visits, prosthetic devices, dental work, rehabilitation expenses and doctor visits. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not an option in every state and may carry a deductible

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Cadillac SRX.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Comprehensive insurance

This will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like falling objects, hitting a deer, a tree branch falling on your vehicle, damage from flooding and damage from a tornado or hurricane. The maximum amount your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision coverage

Collision coverage pays for damage to your SRX resulting from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like scraping a guard rail, damaging your car on a curb, sustaining damage from a pot hole and crashing into a building. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to save money on collision insurance.

Feed the piggy bank

When shopping online for auto insurance, it’s a bad idea to buy lower coverage limits just to save a few bucks. There have been many situations where drivers have reduced physical damage coverage to discover at claim time they didn’t purchase enough coverage. The proper strategy is to buy enough coverage at the best price, not the least amount of coverage.

We just covered many ways to shop for 2005 Cadillac SRX insurance online. The most important thing to understand is the more times you quote, the better your comparison will be. You may be surprised to find that the best prices are with a lesser-known regional company. Some small companies may only write in your state and offer lower rates than their larger competitors like State Farm and Allstate.

Lower-priced insurance is available both online and with local insurance agents, and you need to comparison shop both to get a complete price analysis. There are still a few companies who do not offer online quoting and usually these small, regional companies provide coverage only through local independent agents.

Additional information is located at the links below