Are you a victim of high-priced auto insurance? Believe me when I say there are many consumers feeling the pinch from expensive auto insurance. Many car insurance companies compete for your business, and because of this it can be hard to compare car insurance companies and uncover the absolute lowest rate possible.
If you are insured now or need a new policy, you can use this information to find the best rates while maximizing coverage. Finding the best rates is quite easy. Drivers just need to understand the proper way to compare prices over the internet.
How to Lower Your Auto Insurance Cost
Finding a better price on auto insurance isn’t really that difficult. Drivers just need to take a few minutes to compare rate quotes from different insurance companies. This can be done in just a few minutes using one of these methods.
- The recommended way consumers can analyze rates would be an industry-wide quote request form (click to open form in new window). This method saves time by eliminating separate forms to each individual auto insurance company. One form will return price quotes from auto insurance companies with the best prices.
- Another way to find lower rates consists of going to the website for every company you want to comare to complete a price quote. For example, we’ll assume you want rates from USAA, Safeco and State Farm. To find out each rate you need to go to every website and enter your information, which is why the first method is quicker. For a list of links to companies insuring cars in your area, click here.
- The least efficient way to get comparison rates is to waste gas driving to and from local insurance agencies. The internet eliminates the need for an insurance agent unless you have a need for the personal advice only provided by licensed agents. However, consumers can compare the best prices online but buy from a local insurance agent and you’ll learn how to do that later.
It’s up to you which method you use, but compare apples-to-apples coverage limits and deductibles with every price quote. If the quotes have higher or lower deductibles it will be impossible to determine the lowest rate for your Cadillac Allante.
Discounts are great for lower rates
Insuring your vehicles can cost a lot, but you may find discounts that you may not even be aware of. Some discounts apply automatically at quote time, but a few need to be manually applied prior to receiving the credit. If you aren’t receiving every discount available, you’re paying more than you need to.
- E-sign – A few companies may give you up to $50 for buying a policy and signing up online.
- Auto/Life Discount – Larger companies have better rates if you take out auto and life insurance together.
- Seat Belts Save more than Lives – Requiring all passengers to buckle their seat belts can save 10% or more off the personal injury premium cost.
- New Vehicle Savings – Putting insurance coverage on a new car can be considerably cheaper since new cars are generally safer.
- Good Student Discount – Getting good grades can get you a discount of up to 25%. The good student discount can last well after school through age 25.
- Federal Government Employee – Active or retired federal employment can earn a discount up to 10% on Allante coverage with a few auto insurance companies.
As a disclaimer on discounts, most of the big mark downs will not be given to your bottom line cost. Most only reduce specific coverage prices like collision or personal injury protection. So when the math indicates you can get free auto insurance, it doesn’t quite work that way. Any qualifying discounts will bring down your overall premium however.
To choose providers who offer auto insurance discounts, click this link.
But I prefer to buy car insurance from an agent
A small number of people prefer to buy from a licensed agent. Licensed agents can help determine the best coverages and help in the event of a claim. One of the great benefits of price shopping on the web is the fact that you can find the lowest rates and still have an agent to talk to. Buying from local businesses is especially important in small towns and cities.
Once you complete this form (opens in new window), the quote information is emailed to local insurance agents who will return price quotes for your business. You never need to drive around as quotes are delivered to the email address you provide. How’s that for easy!
The difference between auto insurance agents
When looking for an insurance agent, you need to know there are two types of insurance agents that you can select. agents are either captive or independent. While both can insure your vehicles, but it’s good to learn how they are different since it can impact your agent selection.
Independent Agents
Independent insurance agents are not locked into one company but instead can place your coverage with many different companies and potentially find a lower price. If you are not satisfied with one company, they simply move the coverage in-house without you having to go to a different agency. When searching for an agent, you should always include price quotes from multiple independent agents to get the best comparison.
Agency Captives
These agents write business for a single company such as AAA, Allstate and State Farm. These agents are unable to place coverage with different providers so it’s a take it or leave it situation. Captives receive extensive training in insurance sales which helps them compete with independent agents.
For a complete listing of insurance agents, visit this site.
Selecting an insurance agency needs to be determined by more than just the premium amount. Ask your prospective agent these questions:
- Is vehicle mileage a factor when determining depreciation for repairs?
- Are there any discounts that you might be missing?
- Is the agent and/or agency licensed to do business in your state?
- Is working in the agency their full-time job?
- What insurance companies do they recommend if they are an independent agent?
After receiving positive feedback in addition to an acceptable price estimate, most likely you have located a car insurance agent that is a good match to insure your vehicles.
Your coverage should be tailored to you
When choosing adequate coverage, there really is not a best way to insure your cars. Each situation is unique and your policy should reflect that. For instance, these questions may help you determine if your insurance needs could use an agent’s help.
- Who is covered when they drive my Cadillac Allante?
- Can I rate high risk drivers on liability-only vehicles?
- Do I need higher deductibles?
- Is borrowed equipment or tools covered if stolen or damaged?
- Is my custom paint covered by insurance?
- Do I need medical payments coverage since I have good health insurance?
- Should I drop comprehensive coverage on older vehicles?
- Does my policy cover me when driving someone else’s vehicle?
- Do I have coverage when pulling a U-Haul trailer?
- Do I need PIP (personal injury protection) coverage in my state?
If you can’t answer these questions, you might consider talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area. It’s fast, free and you can get the answers you need.
Cadillac Allante premiums are determined by many factors
Consumers need to have an understanding of the factors that play a part in calculating auto insurance rates. When you know what positively or negatively determines base rates enables informed choices that can help you get better auto insurance rates.
- Protect your assets with liability insurance – Liability insurance is the coverage that protects you if ever you are found liable for damages from an accident. It will provide legal defense which can cost thousands of dollars. This coverage is very inexpensive compared to physical damage coverage, so do not cut corners here.
- An active claims history can cost you – If you tend to file frequent claims, you can definitely plan on either a policy non-renewal or much higher rates. Car insurance companies generally give discounts to people who do not file claims often. Auto insurance is intended for major claims that would cause financial hardship.
- Do you need those extra coverages? – There are a ton of additional coverages you can purchase if you aren’t careful. Insurance for vanishing deductibles, better glass coverage and membership fees are some examples. They may seem good when you first buy your policy, but your needs may have changed so eliminate the coverages to reduce your premium.
- Lower deductibles cost more – Deductibles for physical damage define the amount you are required to spend out-of-pocket before a claim is paid by your company. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Examples of covered claims could be running into the backend of another car, vandalism, and burglary. The higher the amount you’re willing to pay, the bigger discount you will receive on Allante coverage.
- Younger drivers pay higher rates – Older drivers are viewed as being more responsible, tend to cause fewer accidents and tend to be better behind the wheel. Teenage drivers tend to be careless and easily distracted behind the wheel therefore auto insurance rates are much higher.
- Car features impact rates – Purchasing a vehicle that has an advanced theft prevention system can help lower your rates. Anti-theft features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping car theft.
In Summary
We covered a lot of tips how to save on Cadillac Allante insurance. The key thing to remember is the more quotes you get, the better likelihood of reducing your rate. You may even discover the lowest premiums are with the smaller companies. Regional companies may often insure only within specific states and give getter rates as compared to the big name companies such as Allstate and Progressive.
As you shop your coverage around, never buy poor coverage just to save money. In many cases, an accident victim reduced liability limits or collision coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy enough coverage at a price you can afford while not skimping on critical coverages.
