How Much Does 2014 Cadillac CTS Coupe Insurance Cost?

Tired of being strong-armed each month for car insurance? You’re in the same situation as millions of other consumers. With consumers having so many online and local companies to choose from, it is hard for the average consumer to locate the lowest cost provider.

Consumers should take time to price shop coverage once or twice a year due to the fact that insurance rates are adjusted regularly by insurance companies. Just because you had the best deal on CTS Coupe coverage a few years ago the chances are good that you can find a lower rate today. Forget all the misinformation about insurance because you’re about to find out how to use the internet to buy cheaper insurance.

This article will introduce you to the most effective way to quote insurance and some tips to save money. If you currently have car insurance, you should be able to save some money using this information. Drivers just need to understand the best way to compare rates online.

Lower rates by qualifying for discounts

The cost of insuring your cars can be expensive, but companies offer discounts to cut the cost considerably. Most are applied when you quote, but less common discounts must be inquired about prior to getting the savings. If you aren’t receiving every discount you qualify for, you’re just leaving money on the table.

  • Government Employees – Simply working for the federal government can save as much as 8% on CTS Coupe coverage with select insurance companies.
  • Drive Safe and Save – Drivers who don’t get into accidents may save up to 50% more on CTS Coupe coverage than less cautious drivers.
  • Passive Restraints and Air Bags – Factory air bags can receive discounts up to 30%.
  • Organization Discounts – Participating in a qualifying organization could qualify you for a break on your policy on CTS Coupe coverage.
  • One Accident Forgiven – A handful of insurance companies permit an accident before hitting you with a surcharge if you are claim-free for a particular time prior to the accident.
  • Claim Free – Drivers who don’t have accidents can save substantially as compared to drivers who are more careless.
  • Seat Belt Usage – Requiring all passengers to use their safety belts could save 15% off the personal injury premium cost.
  • Bundle and Save – If you have multiple policies with the same company you could get a discount of at least 10% off all policies.

Keep in mind that many deductions do not apply to all coverage premiums. Most only apply to the cost of specific coverages such as liability and collision coverage. So when the math indicates you could get a free insurance policy, you’re out of luck. But all discounts will cut your overall premium however.

To see a list of providers offering insurance discounts, click here.

Elements that influence Cadillac CTS Coupe insurance rates

It’s important that you understand the rating factors that help determine the rates you pay for insurance. When you know what positively or negatively controls the rates you pay empowers consumers to make smart changes that may reward you with lower insurance prices.

The following are a few of the “ingredients” used by your company to calculate rates.

  • Are you male or female? – The statistics show that men are more aggressive behind the wheel. However, this does not mean men are WORSE drivers than women. Both sexes cause accidents at about the same rate, but the men have costlier accidents. Men also statistically get cited for more serious violations such as DWI and reckless driving. Youthful male drivers tend to get in the most accidents and therefore are the most expensive to insure.
  • Add-on coverages can add up – There are quite a few extra bells and whistles that you can buy if you aren’t careful. Insurance for roadside assistance, towing coverage and motor club memberships may be wasting your money. These may sound like a good investment when talking to your agent, but if you don’t need them eliminate the coverages to reduce your premium.
  • Teen drivers pay high rates – Mature drivers are viewed as being more responsible, statistically cause fewer accidents and receive fewer citations. Teenage drivers are statistically proven to get distracted easily in a vehicle and because of this, their insurance rates are much higher.
  • Being married is a good thing – Getting married actually saves money on insurance. Marriage usually means you are more responsible and it’s proven that married drivers get in fewer accidents.
  • High crash test scores lower rates – Vehicles with good safety scores get lower rates. These vehicles protect occupants better and better occupant protection means lower claim amounts passed on to you as lower rates. If your Cadillac CTS Coupe scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
  • Lower rates with optional equipment – Owning a car that has an advanced theft prevention system can help bring down rates. Anti-theft devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent your vehicle from being stolen.

Car insurance is unique, just like you

When it comes to choosing adequate coverage for your vehicles, there really is no “best” method to buy coverage. Each situation is unique and your policy should reflect that. These are some specific questions can aid in determining whether or not you might need professional guidance.

  • Do I need PIP (personal injury protection) coverage in my state?
  • Will my rates increase for filing one claim?
  • Should I buy more coverage than the required minimum liability coverage?
  • Who is covered when they drive my 2014 Cadillac CTS Coupe?
  • Can my teen drive my company car?
  • Why do I only qualify for high-risk insurance?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and you can get the answers you need.

Insurance coverage myths debunked

Consumers get pounded daily by advertisements that promise big savings by companies like 21st Century, Allstate and State Farm. They all make an identical promise of big savings if you change to them.

How does each company claim to save you money?

Different companies are able to cherry pick for the right customer that makes them money. An example of a preferred risk might be profiled as over the age of 50, insures multiple vehicles, and has great credit. A customer who meets those qualifications will get the preferred rates and as a result will probably pay quite a bit less when switching companies.

Drivers who don’t meet this ideal profile will have to pay higher rates which leads to the customer not buying. Company advertisements say “people who switch” not “everybody who quotes” save that much money. That’s the way companies can make those claims.

Because of the profiling, drivers must compare as many rates as you can. Because you never know which insurance coverage company will fit your personal profile best.

Coverage specifics

Having a good grasp of a insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be difficult to understand and coverage can change by endorsement. Listed below are typical coverage types found on the average insurance policy.

Protection from uninsured/underinsured drivers

This protects you and your vehicle from other motorists when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your 2014 Cadillac CTS Coupe.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Auto liability

Liability coverage protects you from damage that occurs to other people or property that is your fault. This insurance protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability insurance covers things like bail bonds, repair bills for other people’s vehicles, loss of income, medical expenses and medical services. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive (Other than Collision)

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like fire damage, damage from flooding and hail damage. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision coverage

This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like crashing into a ditch, damaging your car on a curb, backing into a parked car and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. It’s also possible to raise the deductible to save money on collision insurance.

Medical expense insurance

Med pay and PIP coverage reimburse you for short-term medical expenses like prosthetic devices, surgery, hospital visits and doctor visits. The coverages can be utilized in addition to your health insurance program or if you are not covered by health insurance. They cover both the driver and occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Don’t be a big spender

Budget-conscious 2014 Cadillac CTS Coupe insurance is available on the web and also from your neighborhood agents, and you need to price shop both to have the best chance of lowering rates. There are still a few companies who may not provide the ability to get a quote online and many times these small insurance companies only sell through independent insurance agents.

We’ve covered a lot of information how to reduce insurance prices online. The most important thing to understand is the more you quote, the better likelihood of reducing your rate. You may be surprised to find that the most savings is with the smaller companies. These companies can often provide lower rates in certain areas than the large multi-state companies such as State Farm or Progressive.

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