Lower Your 2007 Cadillac STS-V Car Insurance Cost

Want the cheapest car insurance rates for your Cadillac STS-V? Have you had enough of trying to scrape together enough money to insure your Cadillac every month? You are in the same boat as the majority of other car owners.

There is such a variety of insurers to insure vehicles with, and although it’s nice to be able to choose, lots of choices makes it harder to find a good deal.

It’s a good idea to take a look at other company’s rates occasionally because rates change quite often. If you had the best price for STS-V coverage six months ago you may be paying too much now. Forget anything you know (or think you know) about car insurance because you’re about to learn how to use the internet to save money, get proper deductibles and limits, all at the lowest rate.

Buying the cheapest insurance coverage is not that difficult. Basically, every driver who buys insurance will more than likely be able to cut their insurance bill. But car owners should learn how insurance companies market on the web.

Comprehensive Auto Insurance Comparison Quotes

All major auto insurance companies like 21st Century, Allstate and State Farm give prices online. Getting online rates doesn’t take a lot of time as you just enter your required coverages as detailed in the form. Upon sending the form, the system gets your driving and credit reports and returns pricing information. This simplifies rate comparisons, but the time required to go to different websites and fill out multiple forms is repetitive and time-consuming. Unfortunately, it is important to do this in order to get a better rate.

There is a better way to compare rates

The quickest way to lower your rates requires only one form to obtain quotes from a lot of companies. The form is fast, reduces the work, and makes price shopping online a little more enjoyable. After sending the form, it is rated with multiple companies and you can pick any or none of the resulting price quotes.

If one or more price quotes are lower than your current rates, it’s easy to complete the application and buy the policy. It takes just a few minutes to complete and you will know how your current rates stack up.

If you want to find out what other companies charge, click here to open in a new tab and enter your information. To compare your current rates, we recommend you duplicate your coverages just like they are on your policy. This makes sure you will have a rate comparison using the exact same coverages.

Save money by taking advantage of these discounts

Car insurance is not cheap, but companies offer discounts to cut the cost considerably. Certain discounts will be applied when you complete an application, but less common discounts must be asked for before you will receive the discount.

• Driver Safety – Taking a course teaching defensive driving skills could possibly earn you a 5% discount if your company offers it.
• Multi-car Discount – Insuring more than one vehicle on the same insurance coverage policy qualifies for this discount.
• New Vehicle Savings – Buying coverage on a new vehicle is cheaper due to better safety requirements for new cars.
• Discount for Good Grades – Getting good grades can earn a discount of 20% or more. The discount lasts up to age 25.
• Payment Discounts – If you pay your bill all at once rather than paying monthly you could save 5% or more.
• Military Rewards – Being on active duty in the military can result in better rates.
• Accident Waiver – A handful of insurance companies will forgive one accident without raising rates so long as you haven’t had any claims prior to the accident.

Consumers should know that most of the big mark downs will not be given to all coverage premiums. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like it’s possible to get free car insurance, companies wouldn’t make money that way. Any qualifying discounts will bring down the cost of coverage.

For a list of providers with discount insurance coverage rates, click this link.

When should I use an insurance agent?

When it comes to buying adequate coverage for your personal vehicles, there really is no perfect coverage plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions may help highlight if your insurance needs would benefit from an agent’s advice.

• Do I get a pro-rated refund if I cancel my policy early?
• Which is better, split liability limits or combined limits?
• Am I covered if hit by an uninsured driver?
• Do I need special endorsements for business use of my vehicle?
• Am I covered when delivering products for my home-based business?
• Are all vehicle passengers covered by medical payments coverage?

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 an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies.

Detailed coverages of your car insurance policy

Learning about specific coverages of your car insurance policy can help you determine the best coverages for your vehicles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the usual coverages found on the average car insurance policy.

Medical expense coverage – Med pay and PIP coverage pay for bills for things like rehabilitation expenses, prosthetic devices, chiropractic care and EMT expenses. The coverages can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Liability coverage – Liability insurance protects you from injuries or damage you cause to other’s property or people by causing an accident. This insurance protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and property damage coverage for $50,000. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers claims such as medical expenses, pain and suffering, legal defense fees, court costs and repair bills for other people’s vehicles. How much coverage you buy is a decision to put some thought into, but consider buying as high a limit as you can afford.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2007 Cadillac STS-V.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Usually these limits do not exceed the liability coverage limits.

Collision coverage – This coverage covers damage to your STS-V resulting from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like hitting a mailbox, rolling your car, colliding with a tree and crashing into a building. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. You can also increase the deductible to bring the cost down.

Comprehensive protection – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as a broken windshield, fire damage, a tree branch falling on your vehicle and damage from flooding. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.