2011 Cadillac SRX Insurance Rates

Comparing car insurance rates is not a chore consumers look forward to, but your state requires it for any vehicle you drive.

You need to take a look at other company’s rates quite often due to the fact that insurance rates are usually higher with each renewal. Just because you had the best price for SRX insurance a year ago there is a good chance you can find better rates now. Ignore everything you know about insurance coverage because you’re about to find out how to quote online to find the best coverage while lowering your premiums.

Cadillac SRX rate determination is complex

An important part of buying insurance is that you know the different types of things that go into determining car insurance rates. When you know what positively or negatively determines base rates enables informed choices that may reward you with better car insurance rates.

  • Theft deterrents lower rates – Driving a car with an alarm system can save you a little every year. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder auto theft.
  • The more you drive the more you pay – The more you drive in a year’s time the higher your rates will be. Most insurance companies rate vehicles based on their usage. Cars and trucks not used for work or commuting qualify for better rates than those used for commuting. If your policy improperly rates your SRX can result in significantly higher rates. Ask your agent if your car insurance policy is showing the correct driver usage.
  • Bundling policies can get discounts – Most car insurance companies give discounts to insureds who consolidate policies with them in the form of a multi-policy discount. Even though this discount sounds good, you may still want to shop around to make sure you are getting the best deal.
  • Marriage brings a discount – Having a spouse can actually save you money on car insurance. Having a spouse translates into being more mature than a single person and it’s statistically proven that being married results in fewer claims.
  • Bump up deductibles to save – The deductibles define the amount you are willing to pay before your car insurance pays a claim. Physical damage coverage, also known as collision and other-than-collision, covers damage that occurs to your car. A few examples of covered claims are running into the backend of another car, collision with an animal, and windstorm damage. The more money you have to pay, the lower your rates will be for SRX insurance.
  • Rates may be higher depending on your occupation – Did you know your occupation can influence how much you pay for car insurance? Jobs such as lawyers, social workers and dentists have the highest average rates attributed to high stress and lengthy work days. Other occupations like farmers, historians and performers get better rates for SRX insurance.

Lots of discounts mean lots of savings

Insurance can cost an arm and a leg, but there could be available discounts to help bring down the price. Certain discounts will be applied at quote time, but a few must be specifically requested in order for you to get them.

  • Discount for New Cars – Putting insurance coverage on a new car is cheaper since new cars are generally safer.
  • Sign Early and Save – Some insurance companies reward drivers for buying a policy before your current policy expires. It can save you around 10%.
  • Discounts for Safe Drivers – Insureds without accidents may receive a discount up to 45% less for SRX insurance than less cautious drivers.
  • Save over 55 – If you qualify as a senior citizen, you may be able to get a discount up to 10% for SRX insurance.
  • Drive Less and Save – Keeping the miles down on your Cadillac can qualify you for discounted rates on garaged vehicles.
  • Homeowners Discount – Owning a house can save you money because maintaining a house is proof that your finances are in order.
  • Military Discounts – Being on active duty in the military could be rewarded with lower premiums.

Consumers should know that most discounts do not apply to all coverage premiums. Most only cut the cost of specific coverages such as physical damage coverage or medical payments. Just because it seems like you would end up receiving a 100% discount, it just doesn’t work that way. But any discount will cut your overall premium however.

A partial list of companies that may have these discounts include:

It’s a good idea to ask each insurance company which discounts you may be entitled to. Savings may not be available everywhere.

Situations that might require an agent

When it comes to buying proper insurance coverage, there really is no perfect coverage plan. Each situation is unique.

For instance, these questions may help you determine if your situation will benefit from professional help.

  • What are the best liability limits?
  • Am I covered when using my vehicle for business?
  • Why am I required to get a high-risk car insurance policy?
  • Will I be non-renewed for getting a DUI or other conviction?
  • What is medical payments coverage?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Am I covered if hit by an uninsured driver?
  • Am I better off with higher deductibles on my 2011 Cadillac SRX?
  • Do I have coverage when pulling a U-Haul trailer?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to an insurance agent. To find an agent in your area, take a second and complete this form.

Auto insurance coverage specifics

Having a good grasp of your policy can be of help when determining the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses such as nursing services, ambulance fees, dental work, EMT expenses and chiropractic care. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible

Uninsured and underinsured coverage

This provides protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Cadillac SRX.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently these limits are similar to your liability insurance amounts.

Comprehensive coverages

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like falling objects, hitting a bird, damage from flooding, damage from a tornado or hurricane and damage from getting keyed. The most you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision protection

This covers damage to your SRX resulting from a collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims such as scraping a guard rail, driving through your garage door, sideswiping another vehicle, hitting a parking meter and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Auto liability

This provides protection from injuries or damage you cause to other’s property or people by causing an accident. It protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 100/300/100 which stand for $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims such as emergency aid, loss of income, funeral expenses, legal defense fees and pain and suffering. How much liability coverage do you need? That is a personal decision, but buy as much as you can afford.

Spend less. Save more.

Insureds leave their current company for a number of reasons such as denial of a claim, high rates after DUI convictions, delays in paying claims or even not issuing a premium refund. It doesn’t matter why you want to switch choosing a new insurance company can be pretty painless.

As you shop your coverage around, you should never reduce needed coverages to save money. There are too many instances where an insured dropped liability coverage limits and learned later that the few dollars in savings costed them thousands. The proper strategy is to get the best coverage possible at a price you can afford while still protecting your assets.

You just read some good ideas how you can get a better price on 2011 Cadillac SRX insurance. The key thing to remember is the more rate quotes you have, the better your chances of lowering your rates. You may be surprised to find that the most savings is with the least-expected company.

More detailed insurance coverage information is available by following these links: