2013 Cadillac CTS-V Coupe Car Insurance Rates

Searching for lower auto insurance rates for your Cadillac CTS-V Coupe? Perplexed by the crazy number of auto insurance choices? You have so many choices to choose from that it is a real hassle to compare prices.

Consumers need to check auto insurance prices yearly because auto insurance rates go up and down regularly. Even if you got the best premium rates on CTS-V Coupe coverage six months ago other companies may now be cheaper. Block out anything you think you know about auto insurance because you’re going to get a crash course in the proper way to remove unneeded coverages and save money.

Learn how to lower your insurance rates

A large part of saving on insurance coverage is knowing the different types of things that come into play when calculating the level of your policy premiums. If you understand what determines base rates, this enables informed choices that can help you get lower premium levels.

The itemized list below are some of the most common factors insurance coverage companies consider when setting rates.

• Liability coverage is peace of mind – Your insurance coverage policy’s liability coverage will protect you in the event that you are found liable for damages from an accident. Your policy’s liability insurance provides for a legal defense starting from day one. Liability is cheap when compared with rates for comp and collision, so buy as much as you can afford.
• Lower rates by increasing coverage deductibles – Physical damage deductibles are how much the insured will be required to pay in the event of a claim. Insurance for physical damage, also known as collision and other-than-collision, insures against damage to your car. Some instances where coverage would apply are a windshield broken by a bird, collision with a deer, and damage from wind. The more money the insured is willing to pay, the lower your rates will be on CTS-V Coupe coverage.
• Advanced GPS tracking and theft deterrents – Selecting a car model with a theft deterrent system can earn a premium discount. Systems that thwart theives such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop auto theft.
• Tickets and citations cost more than a fine – Whether or not you get tickets influences premium rates substantially. Having just one driving citation can boost insurance rates forty percent or more. Careful drivers get better rates compared to bad drivers. Drivers with license-revoking violations such as DUI or reckless driving are required to file a SR-22 with their state DMV in order to prevent their license from being revoked.
• Bad credit will cost you – Your credit history is a large factor in determining premium rates. So if your credit history is lower than you’d like, you could pay less to insure your 2013 Cadillac CTS-V Coupe if you improve your credit rating. Drivers with high credit ratings tend to be less risk to insure than drivers with worse credit.
• Your employer can affect rates – Did you know that where you work can have an impact on rates? Jobs such as doctors, architects and financial analysts tend to have higher rates than the rest of us due to high stress and lots of time spent away from family. Other occupations like scientists, historians and homemakers have the lowest average rates on CTS-V Coupe coverage.
• Premiums are affected by your address – Being located in areas with lower population can save you money when it comes to insurance coverage. Drivers in populated areas have to deal with congested traffic and longer commute times. Fewer drivers and short commutes corresponds to lower accident rates and also fewer theft and vandalism claims.
• Too many insurance coverage claims will drive insurance coverage rates up – If you frequently file small claims, you shouldn’t be surprised to get higher premiums or even policy non-renewal. Car insurance companies award the best rates to drivers who do not rely on their insurance for small claims. Your car insurance is intended for more catestrophic claims.

Use discounts to get cheaper insurance quotes

Insurance can cost an arm and a leg, but companies offer discounts that can drop the cost substantially. Most are applied at the time of purchase, but less common discounts must be specially asked for prior to receiving the credit.

• Military Deployment Discount – Having an actively deployed family member could trigger a small discount.
• Sign Early and Save – A few larger companies allow discounts for buying a new policy prior to the expiration date on your current policy. You may see this discount when you get insurance coverage quotes online.
• Life Insurance – Some insurance carriers give better prices if you take out life insurance.
• ABS Braking Discount – Cars and trucks with ABS braking systems or traction control prevent accidents so companies give up to a 10% discount.
• Senior Citizens – Drivers over the age of 55 may qualify for reduced rates on CTS-V Coupe coverage.
• Full Payment Discount – If you pay your bill all at once instead of paying each month you can avoid the installment charge.
• One Accident Forgiven – This isn’t a discount exactly, but companies like Libery Mutual, Geico and Allstate will turn a blind eye to one accident before they charge you more for coverage with the catch being you have to be claim-free for a certain period of time.

A quick disclaimer, many deductions do not apply the the whole policy. Some only apply to specific coverage prices like physical damage coverage or medical payments. So even though you would think adding up those discounts means a free policy, companies wouldn’t make money that way.

Companies and some of their more popular discounts are:

• State Farm has discounts for driver’s education, passive restraint, student away at school, multiple autos, multiple policy, accident-free, and defensive driving training.
• Farmers Insurance offers discounts for good student, mature driver, multi-car, business and professional, and switch companies.
• Geico may have discounts that include membership and employees, anti-theft, good student, federal employee, and daytime running lights.
• American Family offers premium reductions for defensive driver, Steer into Savings, mySafetyValet, bundled insurance, TimeAway discount, and multi-vehicle.
• Nationwide policyholders can earn discounts including accident-free, business or organization, anti-theft, multi-policy, family plan, good student, and defensive driving.
• Progressive may include discounts for homeowner, multi-policy, online quote discount, online signing, multi-vehicle, good student, and continuous coverage.

If you need low cost insurance coverage quotes, ask each company or agent which discounts can lower your rates. A few discounts might not be available to policyholders in your area.

Tailor your insurance coverage to you

When choosing the right insurance coverage, there is no “best” method to buy coverage. Everyone’s situation is a little different.

Here are some questions about coverages that could help you determine if your insurance needs might need professional guidance.

• What discounts do I qualify for?
• How much liability insurance is required?
• Why am I required to buy liability insurance?
• Am I covered when driving someone else’s vehicle?
• Why do I only qualify for high-risk insurance?
• Do all my vehicles need collision coverage?
• What if I total my 2013 Cadillac CTS-V Coupe and owe more than it’s worth?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to an agent. If you don’t have a local agent, take a second and complete this form.

Auto insurance 101

Learning about specific coverages of a insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. Insurance terms can be impossible to understand and reading a policy is terribly boring.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage provides protection when other motorists do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Liability – Liability insurance protects you from damage or injury you incur to people or other property. It protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability insurance covers claims like repair bills for other people’s vehicles, medical services and structural damage. How much liability coverage do you need? That is up to you, but you should buy as high a limit as you can afford.

Collision – Collision coverage pays to fix your vehicle from damage caused by collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like crashing into a building, colliding with a tree, hitting a parking meter, rolling your car and scraping a guard rail. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. You can also choose a higher deductible in order to get cheaper collision rates.

Comprehensive or Other Than Collision – This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as theft, fire damage, hail damage, rock chips in glass and damage from flooding. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical costs insurance – Coverage for medical payments and/or PIP kick in for short-term medical expenses like funeral costs, prosthetic devices, rehabilitation expenses, doctor visits and nursing services. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Final thoughts

You just read many ways to shop for 2013 Cadillac CTS-V Coupe insurance online. The key concept to understand is the more rate quotes you have, the better your chances of lowering your car insurance rates. You may be surprised to find that the best rates are with some of the lesser-known companies.

Budget-conscious 2013 Cadillac CTS-V Coupe insurance can be bought online in addition to many insurance agents, and you should compare rates from both to get a complete price analysis. Some companies don’t offer online rate quotes and these regional carriers only sell through independent agents.

As you go through the steps to switch your coverage, don’t be tempted to buy lower coverage limits just to save a few bucks. There are many occasions where an insured cut liability limits or collision coverage only to regret at claim time that it was a big error on their part. The aim is to purchase a proper amount of coverage at a price you can afford while not skimping on critical coverages.

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