Lower Your 2008 Cadillac STS-V Car Insurance Quotes

Searching for lower car insurance rates for your Cadillac STS-V? Feel like you’re a prisoner to overpriced car insurance? Trust us when we tell you you’re not the only one.

Insurance companies such as State Farm, Farmers Insurance, Geico and Allstate increase brand awareness with ads and it is challenging if not impossible to see through the cute green geckos and mayhem and effectively compare rates to find the best deal.

If you currently have a car insurance policy, you stand a good chance to be able to reduce your rates substantially using this strategy. Choosing the best insurance company for you is not rocket science. But drivers must know the way companies price insurance differently and use this information to your advantage.

What determines your Cadillac STS-V insurance premium

Smart consumers have a good feel for the rating factors that go into determining auto insurance rates. When you know what positively or negatively determines base rates enables informed choices that can help you get lower auto insurance prices.

  • Do you have enough liability coverage? – The liability section of your policy is the protection if ever you are found liable for damages from an accident. It will provide you with a defense in court which can cost thousands of dollars. This coverage is very inexpensive compared to insuring for physical damage coverage, so buy as much as you can afford.
  • Safer cars cost less to insure – Vehicles with good safety scores get lower rates. These vehicles have better occupant injury protection and any reduction in injury severity translates into fewer and smaller insurance claims and lower rates for you. If your Cadillac STS-V earned at least four stars on Safercar.gov it may be receiving lower rates.
  • Your auto insurance rates can be influenced by your job – Did you know your job can affect your rates? Occupations such as lawyers, executives and financial analysts are shown to have higher average rates in part from stressful work requirements and lots of time spent at work. Conversely, occupations like farmers, engineers and performers pay the least on STS-V insurance.
  • More miles equals more premium – Driving more miles every year the higher your rate. Almost all companies price each vehicle’s coverage based on their usage. Cars not used for work or commuting receive lower rates than vehicles that are driven to work every day. Ask your agent if your auto insurance coverage is showing the proper vehicle usage, because improper ratings can cost you money. If your policy improperly rates your STS-V can cost quite a bit.
  • Special features that cut premiums – Purchasing a vehicle with anti-theft technology or alarm system can get you a discount on your auto insurance. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping your car from being stolen.
  • Higher deductibles cost less – Deductibles for physical damage define the amount you are willing to pay out-of-pocket in the event of a claim. Coverage for physical damage, also known as collision and other-than-collision, covers damage that occurs to your car. Some instances where coverage would apply are running into the backend of another car, damage from fire, and rolling your vehicle. The higher the amount you are required to pay out-of-pocket, the lower your rates will be on STS-V insurance.
  • Where you live – Being located in a rural area can be a good thing when talking about auto insurance. Less people living in that area means fewer accidents. Drivers who live in large cities have much more traffic to deal with and longer commute times. More time commuting can result in more accidents.
  • Older drivers save more – More mature drivers tend to be more responsible, tend to file fewer claims and get fewer tickets. Teen drivers tend to get distracted easily when driving therefore auto insurance rates are much higher.

Lower rates by qualifying for discounts

Companies that sell car insurance do not advertise every available discount very well, so we took the time to find some of the best known and also the lesser-known savings tricks you should be using.

  • Good Students Pay Less – Getting good grades can be rewarded with saving of up to 25%. The good student discount can last up until you turn 25.
  • 55 and Retired – Mature drivers can possibly qualify for better insurance coverage rates on STS-V insurance.
  • Auto/Life Discount – Select insurance companies reward you with lower rates if you buy life insurance.
  • Defensive Driving Course – Taking a course teaching defensive driving skills could cut 5% off your bill if you qualify.
  • Braking Control Discount – Vehicles with anti-lock braking systems can avoid accidents and qualify for as much as a 10% discount.

It’s important to understand that some credits don’t apply to all coverage premiums. A few only apply to the price of certain insurance coverages like collision or personal injury protection. So when it seems like you could get a free insurance coverage policy, companies wouldn’t make money that way.

To see a list of providers with the best insurance coverage discounts, click here.

Car insurance is unique, just like you

When choosing the right insurance coverage, there is no single plan that fits everyone. Everyone’s needs are different and a cookie cutter policy won’t apply. Here are some questions about coverages that could help you determine whether or not you could use an agent’s help.

  • Do I need an umbrella policy?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Is there coverage for injuries to my pets?
  • Does car insurance cover theft of personal property?
  • Can I drive in Mexico and have coverage?
  • Should I have a commercial auto policy?
  • Am I covered if I hit a deer?
  • Is rental equipment covered for theft or damage?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies.

Insurance specifics

Understanding the coverages of insurance can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Listed below are the normal coverages available from insurance companies.

Collision coverage protection

This pays for damage to your STS-V resulting from a collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things such as scraping a guard rail, damaging your car on a curb and colliding with a tree. This coverage can be expensive, so consider removing coverage from vehicles that are older. It’s also possible to choose a higher deductible to save money on collision insurance.

Liability

This will cover damage or injury you incur to other people or property by causing an accident. This coverage protects you against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against claims like structural damage, emergency aid, repair costs for stationary objects and court costs. How much liability should you purchase? That is your choice, but consider buying as high a limit as you can afford.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for pain medications, prosthetic devices, dental work, nursing services and X-ray expenses. They are used in conjunction with a health insurance plan or if you do not have health coverage. Coverage applies to all vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage provides protection from other motorists when they do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your Cadillac STS-V.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Comprehensive auto coverage

Comprehensive insurance pays for damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like hail damage, damage from a tornado or hurricane, falling objects, hitting a bird and vandalism. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Be a penny pincher

In this article, we covered many ideas to get a better price on 2008 Cadillac STS-V insurance. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. You may even discover the lowest premiums are with a smaller regional carrier. These companies may cover specific market segments cheaper than the large multi-state companies such as State Farm or Progressive.

As you restructure your insurance plan, it’s very important that you do not skimp on critical coverages to save a buck or two. Too many times, someone dropped uninsured motorist or liability limits and learned later that the few dollars in savings costed them thousands. Your strategy should be to find the BEST coverage for the lowest price.

More detailed insurance coverage information can be read in the articles below: