2014 Cadillac CTS-V Wagon Insurance Rates – 9 Tricks for Cheaper Quotes

Want the cheapest insurance coverage rates for your Cadillac CTS-V Wagon? Are you tired of paying out the nose each month for car insurance? You are no different than millions of other consumers.

Since consumers have many companies and agents to choose from, it is very difficult to choose the most cost effective insurer.

The quickest way to compare policy rates utilizes the fact most of the bigger providers have advanced systems to compare their rates. All consumers are required to do is provide a little information like whether you drive to work or school, the year, make and model of vehicles, if a SR-22 is required, and what you do for a living. That information is instantly sent to many different companies and you will receive price estimates very quickly.

Cut your insurance coverage rates with these nine discounts

Car insurance can cost a lot, but you may find discounts to help offset the cost. Certain discounts will be applied at quote time, but a few need to be asked about prior to getting the savings.

Senior Citizens – Mature drivers can possibly qualify for better insurance coverage rates on CTS-V Wagon coverage.
Anti-lock Brakes – Anti-lock brake equipped vehicles can avoid accidents and earn discounts up to 10%.
Own a Home – Owning a house can help you save on insurance coverage because owning a home shows financial diligence.
College Student – Any of your kids who live away from home without a vehicle on campus can receive lower rates.
Good Students Pay Less – This discount can get you a discount of up to 25%. The discount lasts until age 25.
Anti-theft System – Cars that have factory anti-theft systems can help prevent theft and earn discounts up to 10%.
Discounts for Safe Drivers – Drivers who avoid accidents may save up to 50% more on CTS-V Wagon coverage than drivers with accidents.
Early Switch Discount – A few companies offer discounts for buying a policy prior to your current policy expiration. It’s a savings of about 10%.
Military Rewards – Being on active duty in the military could be rewarded with lower premiums.

It’s important to understand that some credits don’t apply to the entire cost. Most cut the price of certain insurance coverages like liability and collision coverage. So when it seems like all the discounts add up to a free policy, you won’t be that lucky. Any qualifying discounts will reduce your premiums.

Insurance companies that may have these benefits include:

Check with every prospective company which discounts they offer. Savings might not be offered in your area.

You are unique and your insurance coverage should be too

When it comes to choosing adequate coverage for your vehicles, there isn’t really a one size fits all plan. Your needs are not the same as everyone else’s so your insurance needs to address that. These are some specific questions might help in determining whether you would benefit from an agent’s advice.

How much liability do I need to cover my assets?
Does my personal policy cover me when driving out-of-state?
Does coverage extend to Mexico or Canada?
What vehicles should carry emergency assistance coverage?
I have health insurance so do I need medical payments coverage?
Is my nanny covered when driving my vehicle?
How can I get high-risk coverage after a DUI?
Do I pay less for low miles?

If you don’t know the answers to these questions, then you may want to think about talking to an agent. If you don’t have a local agent, complete this form or click here for a list of insurance coverage companies in your area.

Detailed coverages of your auto insurance policy

Having a good grasp of auto insurance can be of help when determining appropriate coverage for your vehicles. Auto insurance terms can be confusing and coverage can change by endorsement. Below you’ll find typical coverage types offered by auto insurance companies.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses such as doctor visits, nursing services and prosthetic devices. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Auto collision coverage

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like rolling your car, sustaining damage from a pot hole, backing into a parked car and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. You can also bump up the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as falling objects, rock chips in glass and a tree branch falling on your vehicle. The most a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Auto liability

This coverage can cover damage or injury you incur to people or other property by causing an accident. It protects YOU from claims by other people, 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 values of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Some companies may use a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for claims like structural damage, court costs, repair bills for other people’s vehicles, loss of income and bail bonds. How much liability coverage do you need? That is your choice, but consider buying as high a limit as you can afford.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Cadillac CTS-V Wagon.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually these coverages are set the same as your liablity limits.