How Much Does 2011 Cadillac CTS-V Coupe Insurance Cost?

Want lower insurance coverage rates for your Cadillac CTS-V Coupe? Have you fallen victim to high-priced insurance coverage? Trust us when we tell you there are a lot of people just like you who feel imprisoned by their insurance coverage policy.

Companies like Geico and Progressive all claim big savings, bombarding you with ad campaigns and it can be hard to not get sucked in by the cute commercials and take the time to shop coverage around.

If you currently have a car insurance policy, you will most likely be able to save some money using these methods. Buying car insurance is quite easy. But drivers can benefit from knowing how big insurance companies market insurance on the web and use this information to your advantage.

These discounts can slash car insurance rates

Car insurance is not cheap, but companies offer discounts to reduce the price significantly. Certain discounts will be applied at the time of purchase, but a few need to be specifically requested prior to getting the savings.

  • Own a Home – Owning a house can save you money because maintaining a house demonstrates responsibility.
  • Student Driver Training – Require your teen driver to successfully complete driver’s ed class if it’s offered in school.
  • Good Student Discount – Performing well in school can be rewarded with saving of up to 25%. Earning this discount can benefit you up to age 25.
  • Use Seat Belts – Requiring all passengers to buckle their seat belts can save up to 15% off your medical payments premium.
  • Multi-car Discount – Buying coverage for more than one vehicle on the same car insurance policy may reduce the rate for each vehicle.
  • New Vehicle Savings – Buying coverage on a new vehicle is cheaper compared to insuring an older model.
  • Braking Control Discount – Vehicles with anti-lock braking systems prevent accidents and therefore earn up to a 10% discount.

It’s important to understand that most credits do not apply to all coverage premiums. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. Even though it may seem like it’s possible to get free car insurance, it just doesn’t work that way. Any qualifying discounts will reduce your premiums.

Car insurance companies that may offer these discounts include:

It’s a good idea to ask each insurance company how you can save money. Some discounts may not apply in every state.

How to Lower Your Auto Insurance Cost

The are a couple different ways of comparing price quotes from local auto insurance companies. The easiest way by far to compare 2011 Cadillac CTS-V Coupe insurance prices consists of shopping online. It is quite easy and can be accomplished in several different ways.

The easiest and least time consuming way to get quotes for comparison would be an industry-wide quote request form (click to open form in new window). This easy form prevents you from having to do repetitive form entry for each company. One form will get you price quotes from auto insurance companies with the best prices.

A more difficult way to analyze rates requires visiting each individual company website to complete their respective quote request forms. For sake of this example, let’s assume you want rates from State Farm, Esurance and Geico. To get each rate you have to take the time to go to each site and enter your policy data, and that’s why the first method is more popular. For a list of links to companies insuring cars in your area, click here.

However you get your quotes, ensure you are comparing identical information for each comparison quote. If you are comparing different deductibles you can’t possibly find the best deal for your Cadillac CTS-V Coupe. Just a small difference in limits can mean a large discrepancy in price. And when price shopping your coverage, more quotes will increase your chances of finding better pricing.

When might I need the advice of an agent?

When it comes to choosing adequate coverage, there really is not a “perfect” insurance plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For instance, these questions can help discover if you would benefit from an agent’s advice.

  • Why does it cost so much to insure a teen driver?
  • Does liability extend to a camper or trailer?
  • Are split liability limits better than a combined single limit?
  • At what point should I drop full coverage?
  • Is other people’s property covered if stolen from my vehicle?
  • What is high-risk coverage and where do I buy it?
  • Does my insurance cover my expensive audio equipment?

If you don’t know the answers to these questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Insurance coverages and their meanings

Learning about specific coverages of a insurance policy can help you determine which coverages you need for your vehicles. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the usual coverages found on the average insurance policy.

Medical costs insurance

Med pay and PIP coverage kick in for immediate expenses for things like rehabilitation expenses, surgery, dental work, funeral costs and nursing services. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not universally available and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as falling objects, damage from a tornado or hurricane, fire damage and theft. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision insurance

Collision coverage pays for damage to your CTS-V Coupe resulting from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like scraping a guard rail, crashing into a ditch and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also raise the deductible to bring the cost down.

UM/UIM Coverage

This protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

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. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Auto liability

This provides protection from damage that occurs to a person or their property. This insurance protects YOU against other people’s claims. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things like loss of income, legal defense fees, emergency aid, medical expenses and repair costs for stationary objects. How much coverage you buy is a decision to put some thought into, but buy as much as you can afford.

Make an honest buck

Cheaper 2011 Cadillac CTS-V Coupe insurance can be purchased from both online companies and with local insurance agents, so you should be comparing quotes from both to have the best selection. A few companies do not offer online quoting and usually these regional insurance providers provide coverage only through local independent agents.

We just presented many tips how you can compare insurance prices online. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding lower rates. You may even find the lowest priced insurance comes from a small mutual company. These smaller insurers can often insure niche markets at a lower cost as compared to the big name companies such as Allstate, Geico and Progressive.

As you prepare to switch companies, it’s not a good idea to skimp on critical coverages to save a buck or two. There have been many cases where an insured cut collision coverage only to discover later that the savings was not a smart move. Your goal should be to buy enough coverage for the lowest price, not the least amount of coverage.

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