Compare 2017 Cadillac CTS-V Car Insurance Rates

Overpriced insurance can draw down your savings account and put a big crunch on your finances. Doing a rate analysis is an excellent way to cut your insurance bill.

Since you have so many online and local companies to choose from, it is very difficult to locate the lowest cost insurance company.

Consumers should take time to compare prices before your next renewal because insurance prices change frequently. Just because you had the lowest rates for CTS-V coverage on your last policy other companies may now be cheaper. Block out anything you think you know about insurance because you’re about to learn the best way to eliminate unnecessary coverages and save money.

More discounts mean affordable premiums

Not too many consumers would say insurance is affordable, but you may be missing some discounts that can help lower your rates. Larger premium reductions will be automatically applied when you get a quote, but some may not be applied and must be inquired about before they will apply.

  • ABS Braking Discount – Cars, trucks, and SUVs with anti-lock braking systems are safer to drive and earn discounts up to 10%.
  • Safe Driver Discount – Insureds without accidents can save as much as half off their rates for CTS-V coverage as compared to drivers with claims.
  • Good Student – Performing well in school can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up until you turn 25.
  • Discounts for Federal Employees – Having worked for a branch of the government could cut as much as 10% off for CTS-V coverage depending on your company.
  • Early Switch Discount – A few companies give discounts for signing up before your current coverage expires. You could save around 10% when you buy insurance coverage online.
  • Life Insurance Discount – Larger insurance companies have a small discount if you purchase life insurance.
  • Multiple Cars – Buying a policy with multiple cars with the same company could earn a price break for each car.
  • Senior Citizens – Older drivers can get a discount up to 10% for CTS-V coverage.
  • Accident Forgiveness Coverage – This one is not really a discount per se, but some companies like Geico, Progressive, and Allstate may permit one accident before they charge you more for coverage so long as you are claim-free before the accident.

One thing to note about discounts is that some of the credits will not apply the the whole policy. Most only apply to the price of certain insurance coverages like collision or personal injury protection. Just because it seems like it’s possible to get free car insurance, it just doesn’t work that way.

The best insurance companies and some of the discounts are:

  • Geico offers discounts including defensive driver, seat belt use, membership and employees, anti-theft, five-year accident-free, and multi-vehicle.
  • Travelers includes discounts for hybrid/electric vehicle, driver training, new car, good student, multi-policy, and payment discounts.
  • Farm Bureau has discounts for multi-vehicle, safe driver, driver training, 55 and retired, and good student.
  • Liberty Mutual has savings for new move discount, new vehicle discount, newly married, multi-car, and hybrid vehicle.
  • American Family may offer discounts for TimeAway discount, accident-free, bundled insurance, good driver, air bags, and Steer into Savings.
  • Progressive may include discounts for online signing, continuous coverage, homeowner, online quote discount, multi-policy, and good student.

If you need cheap insurance coverage quotes, ask every company which discounts they offer. Discounts may not apply to policyholders in your area. To locate insurers with the best discounts, click here to view.

It’s not one size fits all

When it comes to buying adequate coverage, there really is not a cookie cutter policy. Everyone’s situation is a little different so your insurance should reflect that Here are some questions about coverages that could help you determine if you might need an agent’s assistance.

  • Do all my vehicles need collision coverage?
  • Do I need special endorsements for business use of my vehicle?
  • Do I need PIP coverage since I have good health insurance?
  • Is my state a no-fault state?
  • Do I have coverage if my license is suspended?
  • How much liability coverage do I need in my state?
  • How high should my uninsured/underinsured coverage be in my state?
  • Does my car insurance cover rental cars?
  • Will I lose any money if I cancel my policy before it expires?
  • Are split liability limits better than a combined single limit?

If you can’t answer these questions but you know they apply to you, you might consider talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies.

Car insurance myths debunked

Companies like Progressive, Allstate and Geico constantly bombard you with ads on TV and radio. All the companies make the point about saving some big amount if you move to them. How does every car insurance company charge lower premium rates? It’s all in how they say it.

Insurance companies quote their cheapest rates for the type of insured that will add to their bottom line. For instance, this type of risk profile could possibly be a mature driver, has a clean driving record, and drives less than 7,500 miles a year. Any driver who meets those qualifications will qualify for the lowest rates as well as save money with a new company.

People who do not match those standards will get higher premiums which leads to business going elsewhere. If you listen to the ad wording, they say “people who switch” not “everyone who quotes” can get the lowest rates when switching. That’s the way insurance companies can confidently advertise the way they do. Because of this risk profiling, it’s extremely important to get insurance coverage quotes as often as possible. It is impossible to guess which insurance companies will give you the biggest savings.

The coverage is in the details

Learning about specific coverages of a auto insurance policy can help you determine the best coverages and the correct deductibles and limits. Auto insurance terms can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverage types found on the average auto insurance policy.

Collision – Collision insurance covers damage to your CTS-V resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision can pay for claims such as scraping a guard rail, colliding with a tree and hitting a parking meter. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Coverage for medical payments – Coverage for medical payments and/or PIP reimburse you for bills like nursing services, prosthetic devices, doctor visits and pain medications. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. They cover both the driver and occupants in addition to any family member struck as a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Uninsured and underinsured coverage – This provides protection when other motorists do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants and damage to your Cadillac CTS-V.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Liability coverage – Liability insurance can cover injuries or damage you cause to other people or property. This insurance protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.

It consists of three limits, 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 a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for claims such as medical services, structural damage and repair costs for stationary objects. How much coverage you buy is a personal decision, but buy as much as you can afford.

Comprehensive coverages – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like vandalism, hail damage, damage from flooding, a broken windshield and falling objects. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

And the best car insurance company is…

We just covered a lot of information how to get a better price on 2017 Cadillac CTS-V insurance. The key concept to understand is the more providers you compare, the better chance you’ll have of finding inexpensive insurance coverage. Consumers may even find the lowest premium rates come from some of the smallest insurance companies. Regional companies may only write in your state and offer lower prices compared to the large companies like Progressive and Geico.

Budget-friendly auto insurance is attainable both online and with local insurance agents, and you should compare rates from both so you have a total pricing picture. Some auto insurance companies may not offer online rate quotes and these smaller providers work with independent agents.

More information