Sick and tired of paying out the nose to pay your car insurance bill each month? You are in the same boat as millions of other consumers. Lots of insurers contend for your business, so it can be very hard to choose a company to find the best rate
How to Buy Car Insurance Online
Lowering your Cadillac CTS car insurance rates can be relatively painless. All that’s required is to spend a few minutes comparing rate quotes online from several insurance companies. This can be accomplished in several different ways.
- The single most time-saving way to find low rates would be an industry-wide quote request form click to view form in new window. This easy form eliminates the need for repetitive form entry for each company. One quote request gets you price quotes .
- Another way to find lower rates consists of going to the website of each company to complete a price quote. For sake of this example, let’s say you want to compare rates from Auto-Owners, Liberty Mutual and American Family. To get each rate you have to go to every website to input your insurance information, and that’s why the first method is more popular.
For a list of links to companies insuring cars in your area, click here.
However you get your quotes, make darn sure you compare the exact same information for each comparison quote. If you enter mixed coverages it will be impossible to find the best deal for your Cadillac CTS.
Take advantage of discounts
Companies don’t always advertise all their discounts very well, so here is a list both well-publicized and the more hidden ways to save on car insurance. If you don’t get every credit you qualify for, you’re paying more than you need to.
- Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and therefore earn up to a 10% discount.
- Defensive Driving Course – Completing a driver safety course could cut 5% off your bill if your company offers it.
- No Charge for an Accident – A handful of insurance companies will forgive one accident before your rates go up if you are claim-free for a certain period of time.
- Sign Online – Certain companies will discount your bill up to fifty bucks for buying a policy and signing up digitally online.
- Low Mileage – Low mileage vehicles can qualify you for a substantially lower rate.
- Resident Student – Any of your kids living away from home attending college without a vehicle on campus may qualify for this discount.
It’s important to note that many deductions do not apply to the entire policy premium. A few only apply to the cost of specific coverages such as comprehensive or collision. So despite the fact that it appears all the discounts add up to a free policy, you won’t be that lucky.
For a list of companies with discount car insurance rates, click here.
Car insurance coverages 101
Understanding the coverages of a car insurance policy can be of help when determining the right coverages for your vehicles. Policy terminology can be ambiguous and nobody wants to actually read their policy. Below you’ll find the normal coverages found on most car insurance policies.
Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage provides protection when other motorists do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Cadillac CTS.
Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Collision coverage – This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.
Collision insurance covers claims such as backing into a parked car, damaging your car on a curb and rolling your car. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also raise the deductible to save money on collision insurance.
Medical expense insurance – Coverage for medical payments and/or PIP provide coverage for expenses for things like chiropractic care, hospital visits and ambulance fees. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay
Liability car insurance – This provides protection from injuries or damage you cause to people or other property that is your fault. This coverage protects you against other people’s claims. It does not cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability can pay for claims such as loss of income, legal defense fees and emergency aid. How much liability should you purchase? That is up to you, but you should buy as much as you can afford.
Comprehensive (Other than Collision) – Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things such as damage from getting keyed, a tree branch falling on your vehicle and fire damage. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
The best insurance company isn’t always the cheapest
When buying insurance coverage, it’s very important that you do not buy poor coverage just to save money. Too many times, an insured dropped full coverage only to regret at claim time that the small savings ended up costing them much more. Your aim should be to buy a smart amount of coverage for the lowest price while not skimping on critical coverages.
Cheap Cadillac CTS insurance can be sourced from both online companies and with local insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. There are still a few companies who do not offer online quoting and most of the time these small insurance companies sell through independent agents.
We just showed you a lot of tips how to reduce Cadillac CTS insurance prices online. The key thing to remember is the more companies you get rates for, the better likelihood of reducing your rate. You may even find the lowest premiums are with a lesser-known regional company. Some small companies often have lower prices on specific markets compared to the large companies like Progressive and GEICO.
