Are you tired of being strong-armed to insure your Cadillac every month? You’re in the same situation as millions of other consumers. With consumers having so many options when it comes to car insurance, it is very difficult to locate the most affordable car insurance company.
Finding cheaper car insurance coverage is easy if you know what you’re doing. If you have a current car insurance policy or are looking for a new policy, you can follow these tips to shop for the lowest rates while maximizing coverage. Drivers only need to know the tricks to get comparison quotes online.
Compare Quotes for Car Insurance
Reducing your insurance rates can be surprisingly simple. Drivers just need to take a couple of minutes to compare rate quotes provided by online insurance companies. It is quite easy and can be accomplished in a couple of different ways.
The fastest way to get the best comparison quotes is to use a rate comparison form (click to open form in new window). This form eliminates the need for a different quote for each company you want a rate for. Just one form will return price quotes instantly.
A different way to get quotes online requires visiting the website for every company you want to comare to request a price quote. For instance, let’s assume you want rates from USAA, 21st Century and Allstate. You would have to visit each site and enter your information, which is why the first method is more popular. For a list of links to insurance companies in your area, click here.
Whichever way you use, make sure you use identical coverages with each company. If your comparisons have different limits and deductibles on each one you can’t possibly make a fair comparison for your Cadillac STS.
Pay less by taking advantage of discounts
Properly insuring your vehicles can get expensive, but you may find discounts to help bring down the price. A few discounts will automatically apply when you get a quote, but some may not be applied and must be specifically requested in order for you to get them. If you aren’t receiving every discount possible, you are throwing money away.
- Military Rewards – Having a family member in the military could mean lower rates.
- Anti-theft Discount – Cars that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
- Multiple Policy Discount – If you insure your home and vehicles with the same insurance company you will save at least 10% off all policies.
- Save over 55 – If you’re over the age of 55, you can possibly qualify for reduced rates on STS insurance.
- Passive Restraints – Cars that have air bags can receive discounts of more than 20%.
- Drive Less and Save – Keeping the miles down on your Cadillac could be rewarded with lower rates on the low mileage vehicles.
Consumers should know that most of the big mark downs will not be given to the entire policy premium. The majority will only reduce specific coverage prices like liability and collision coverage. Just because you may think you would end up receiving a 100% discount, it doesn’t quite work that way. But all discounts will reduce the cost of coverage.
Lesser-known factors impacting Cadillac STS insurance rates
Smart consumers have a good feel for the rating factors that go into determining the rates you pay for car insurance. Knowing what influences your rates enables informed choices that could result in big savings.
- Type of vehicle determines base rates – The performance of the vehicle you are buying insurance for makes a substantial difference in determining your rates. Due to the fact that the Cadillac STS is classified as a luxury sedan, insurance will be more when compared to the average rates. Economy passenger vehicles generally receive the lowest base rates, but the cost you end up paying is determined by many additional factors.
- Discounts for married couples – Getting married can actually save you money when buying car insurance. Marriage translates into being more responsible and it’s statistically proven that being married results in fewer claims.
- Safer cars are cheaper to insure – Vehicles with high crash test scores tend to have better insurance rates. These vehicles protect occupants better and lower injury rates translates into savings for insurance companies and thus lower rates. If your Cadillac has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
- Battle of the sexes – Statistics show that men are more aggressive behind the wheel. However, don’t assume that men are worse drivers. Both sexes tend to get into accidents in similar numbers, but men cause more damage and cost insurance companies more money. Men also have more aggressive citations such as DWI and reckless driving.
- Do you have enough liability coverage? – Liability coverage will protect you in the event that you are found to be at fault for damages from an accident. It will provide you with a defense in court which can be incredibly expensive. Liability is cheap when compared with rates for comp and collision, so drivers should carry high limits.
- Extra coverages can waste money – There are a ton of additional coverages that you can buy if you aren’t careful. Insurance for roadside assistance, towing coverage and additional equipment coverage may be wasting your money. These may sound like a good investment when you first buy your policy, but now you might not need them so eliminate the coverages to reduce your premium.
- High credit ratings translate to low rates – A driver’s credit score is a big factor in calculating your car insurance rates. If your credit score is lower than you’d like, you could pay less to insure your Cadillac STS by repairing your credit. Drivers who have good credit tend to be better drivers and file fewer claims than drivers who have poor credit.
- Frequent car insurance claims increase rates – Auto insurance companies generally give cheaper rates to people who are claim-free. If you frequently file small claims, you can pretty much guarantee either policy cancellation or increased premiums. Insurance coverage is designed for major claims that would cause financial hardship.
Your coverage should be tailored to you
When choosing coverage, there really is no “best” method to buy coverage. Everyone’s needs are different so your insurance needs to address that. For instance, these questions could help you determine if your insurance needs might need professional guidance.
- What vehicles should carry emergency assistance coverage?
- Can I still get insurance after a DUI?
- Is a no-fault state?
- Should I sign the liability waiver when renting a car?
- Do I get a pro-rated refund if I cancel my policy early?
- Are my tools covered if they get stolen from my vehicle?
If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.
Smart shoppers get results
Affordable Cadillac STS insurance can be sourced online and with local insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies do not offer online price quotes and usually these regional insurance providers provide coverage only through local independent agents.
When you buy insurance online, don’t be tempted to buy poor coverage just to save money. In many instances, drivers have reduced collision coverage only to find out that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy the best coverage you can find at the best price while not skimping on critical coverages.
