Tired of being strong-armed each month for car insurance? You are in the same boat as the majority of other car owners.
Insurance companies such as State Farm, Geico and Farmers Insurance constantly blast consumers with catchy ads and it is challenging if not impossible to not get sucked in by the cute commercials and take the time to shop coverage around.
If you currently have car insurance, you stand a good chance to be able to lower your premiums substantially using these tips. Buying car insurance is not rocket science. Although drivers need to learn how big insurance companies sell online.
To find the best car insurance prices, there are several ways of comparing rate quotes and find the best price. The fastest way to find competitive 2013 Cadillac CTS-V Coupe insurance rates involves getting comparison quotes online. This is very easy and can be done using a couple different methods.
To view a list of companies in your area, click here.
It’s your choice how you get your quotes, but ensure you are comparing apples-to-apples coverages and limits with each company. If the quotes have mixed coverages then you won’t be able to truly determine the lowest rate. Just a small difference in coverages can result in a big premium difference. And when comparing car insurance rates, know that having more price comparisons helps you find better pricing.
Car insurance companies don’t always advertise every available discount in an easy-to-find place, so we break down both well-publicized as well as the least known discounts you could be receiving.
Keep in mind that some credits don’t apply to your bottom line cost. Some only apply to specific coverage prices like liability, collision or medical payments. Even though it may seem like you would end up receiving a 100% discount, you won’t be that lucky.
For a list of insurance companies offering insurance coverage discounts, click here to view.
An important part of buying insurance is that you know the factors that help determine the rates you pay for auto insurance. When you know what positively or negatively controls the rates you pay allows you to make educated decisions that may reward you with better auto insurance rates.
When buying coverage, there really is no “best” method to buy coverage. Each situation is unique and your policy should reflect that. For instance, these questions might help in determining if you would benefit from professional advice.
If you can’t answer these questions, you might consider talking to an agent. To find an agent in your area, take a second and complete this form or click here for a list of insurance coverage companies in your area.
State Farm, Geico and Progressive regularly use ads on television and other media. All the companies make the same claim of big savings if you move to them. How can each company say the same thing? It’s all in the numbers.
Different companies are able to cherry pick for the driver that is profitable for them. For example, a driver they prefer might be between 30 and 50, is a homeowner, and has great credit. A propective insured that hits that “sweet spot” will get the preferred rates and most likely will cut their rates substantially.
Potential insureds who don’t qualify for this ideal profile will have to pay a more expensive rate and this can result in the customer not buying. Company advertisements say “people who switch” but not “drivers who get quotes” save money. That’s why companies can make those claims. Because of the profiling, drivers must compare as many rates as you can. Because you never know which company will fit your personal profile best.
Having a good grasp of a car insurance policy aids in choosing which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverage types available from car insurance companies.
Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Cadillac CTS-V Coupe.
Since many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is very important.
Liability coverages – Liability coverage can cover injuries or damage you cause to a person or their property in an accident. This coverage protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.
Liability coverage pays for claims such as court costs, legal defense fees and structural damage. How much liability should you purchase? That is up to you, but buy as large an amount as possible.
Collision coverages – Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.
Collision coverage protects against things such as sustaining damage from a pot hole, colliding with another moving vehicle, hitting a parking meter and colliding with a tree. This coverage can be expensive, so consider dropping it from older vehicles. Drivers also have the option to increase the deductible to bring the cost down.
Medical payments coverage and PIP – Med pay and PIP coverage pay for immediate expenses like prosthetic devices, X-ray expenses, funeral costs, surgery and chiropractic care. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover you and your occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not universally available and may carry a deductible
Comprehensive coverage – Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims like damage from a tornado or hurricane, hitting a bird, a broken windshield and hail damage. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.
When you buy insurance online, never skimp on coverage in order to save money. There have been many cases where an insured dropped liability limits or collision coverage only to find out they didn’t have enough coverage. The proper strategy is to buy a smart amount of coverage for the lowest price.
Cheaper 2013 Cadillac CTS-V Coupe insurance is definitely available on the web and also from your neighborhood agents, and you should be comparing both so you have a total pricing picture. Some insurance companies may not provide you the ability to get quotes online and these smaller companies work with independent agents.
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