Insurance Costs are Lower for Cadillac STS-V Owners

Do you get exhausted from being strong-armed to make your car insurance payment? You have the same problem as many other consumers. Numerous auto insurance companies battle to insure your vehicles, and because of this it can be hard to compare car insurance companies to get the cheapest price

If you currently have a car insurance policy, you will be able to lower your premiums substantially using this information. Finding the best rates is quite easy. Although consumers can benefit from knowing how big insurance companies sell online and use this information to your advantage.

Comparing car insurance rates can take hours if you don’t understand the easiest way. You can waste a few hours (or days) talking about coverages with local insurance agents in your area, or you could save time and use online quotes to get pricing more quickly.

Most of the larger companies enroll in a system that enables customers to submit one quote, and at least one company then gives them pricing based on that information. This system prevents you from having to do repetitive form submissions for each company.

To compare rates using this form now click here to open in new window.

The only drawback to pricing coverage this way is that consumers can’t choose which companies to receive prices from. So if you prefer to pick from a list of companies to compare, we have a page of companies who write car insurance in your area. Click here to view list.

It’s up to you which method you use, but make sure you use identical coverage limits for each price quote. If each company quotes mixed coverages it’s impossible to make a fair rate comparison. Just slight variations in coverages could throw off the whole comparison. Just keep in mind that having more price comparisons increases your odds of finding a better price. Some regional insurers cannot provide online price quotes, so you also need to get quotes on coverage from those companies, too.

Insurance Premium Influencing Factors

Lots of factors are taken into consideration when pricing auto insurance. Some are obvious like an MVR report, although some other factors are more transparent like your vehicle usage or your commute time. Consumers need to have an understanding of the different types of things that come into play when calculating your policy premiums. If you have some idea of what influences your rates, this allows you to make good choices that could help you find much lower annual insurance costs.

The list below includes a few of the things that factor into premiums.

• Marriage brings a discount – Your spouse can get you a discount on your policy. Having a spouse means you’re more responsible and statistics prove drivers who are married file infrequent claims.
• Improve your credit rating and save – Having a bad credit rating is a large factor in determining your rates. So if your credit rating is not that good, you could potentially save money when insuring your Cadillac STS-V if you clean up your credit. People that have high credit ratings tend to file fewer claims and have better driving records than those with poor credit scores.
• How many coverages with the same company – Some insurers provide discounts to policyholders that buy multiple policies, otherwise known as a multi-policy discount. If you currently are using one company, you still need to check prices from other companies to help guarantee you have the best rates.There is a good possibility that you can save more without the discount by splitting coverages up.
• Where you call home is a factor – Being located in less populated areas is a good thing when buying car insurance. Fewer people means a lower chance of having an accident and also fewer theft and vandalism claims. People in densly populated areas have more road rage incidents and much longer commute distances. More time on the road translates into higher accident risk.

Discounts for lower car insurance rates

Some companies don’t always advertise all possible discounts very clearly, so the below list has some of the best known as well as some of the hidden car insurance savings. If you are not receiving all the discounts you qualify for, you are throwing money away.

• Homeowners Pay Less – Just being a homeowner can earn you a little savings because maintaining a house is proof that your finances are in order.
• Theft Prevention System – Cars and trucks equipped with tracking devices and advanced anti-theft systems are stolen less frequently and can earn a small discount on your policy.
• Senior Citizen Rates – Seniors may receive lower premium rates for STS-V insurance.
• Discounts for Good Drivers – Drivers who don’t get into accidents may save up to 50% more for STS-V insurance than drivers with accidents.
• Drive Less and Save – Maintaining low annual mileage can qualify you for better prices on cars that stay parked.
• No Accidents – Good drivers with no accidents are rewarded with significantly better rates on in comparison to drivers who are more careless.
• Renewal Discounts – Some car insurance companies reward drivers for buying a policy before your current expiration date. The savings is around 10%.
• Student Discounts – A discount for being a good student can get you a discount of up to 25%. This discount can apply up to age 25.
• Discounts for Multiple Vehicles – Buying coverage for primary and secondary vehicles with one company can get a discount for every vehicle.
• Driver’s Ed – Make teen driver coverage more affordable by requiring them to sucessfully take a drivers education course as it will make them better drivers and lower rates.

As a disclaimer on discounts, some credits don’t apply to all coverage premiums. Most only reduce individual premiums such as liability and collision coverage. Even though it appears having all the discounts means you get insurance for free, car insurance companies aren’t that generous.

A few popular companies and some of the discounts can be read below.

• American Family includes discounts for air bags, early bird, defensive driver, good driver, and multi-vehicle.
• Farm Bureau has savings for multi-policy, youthful driver, 55 and retired, driver training, and safe driver.
• State Farm offers discounts for driver’s education, Drive Safe & Save, multiple policy, passive restraint, anti-theft, and good driver.
• Travelers offers discounts including hybrid/electric vehicle, good student, multi-policy, IntelliDrive, home ownership, and early quote.
• The Hartford policyholders can earn discounts including anti-theft, vehicle fuel type, air bag, good student, bundle, defensive driver, and driver training.
• GEICO has discounts for anti-theft, federal employee, emergency military deployment, multi-policy, driver training, and air bags.
• Progressive may have discounts that include multi-vehicle, good student, continuous coverage, multi-policy, online quote discount, homeowner, and online signing.

If you are trying to find , ask every insurance company to give you their best rates. Discounts might not be available to policyholders in your area.

Car insurance can be complex

When it comes to choosing proper insurance coverage for your personal vehicles, there really is not a cookie cutter policy. Coverage needs to be tailored to your specific needs so your insurance should reflect that For example, these questions may help highlight whether your personal situation might need an agent’s assistance.

• Does my Cadillac STS-V qualify for pleasure use?
• Is my dog or cat covered if injured in an accident?
• Do I need roadside assistance coverage?
• Is business property covered if stolen from my car?
• Is my teen driver covered when they drive my company car?
• Is my cargo covered for damage or theft?
• Do I have coverage for damage caused while driving under the influence?
• Does my Cadillac STS-V need full coverage?
• What are the best liability limits?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Car insurance is available from local insurance agents

Many drivers just prefer to sit down and talk to an agent. The best thing about comparing rate quotes online is the fact that drivers can get cheap car insurance rates and also buy local. Buying from and supporting small agencies is especially important in small communities.

Once you complete this form (opens in new window), your information is sent to local insurance agents who can give free rate quotes for your car insurance coverage. You won’t even need to search for any insurance agencies since price quotes are sent to you instantly. Get lower rates and a licensed agent to work with. If you wish to get a rate quote from one company in particular, you just need to find their quoting web page and complete a quote there.

Auto insurance agents are either independent or captive

If you are wanting to purchase car insurance from a local insurance agency, you need to know there are two different types of agencies and how they can write your policy. Car insurance agencies can be classified as either independent or captive.

Independent Car Insurance Agencies or Brokers

Independent agents are not employed by any specific company so they can quote policies with an assortment of companies and get the cheapest rates. If they find a cheaper price, they simply switch companies in-house which is easy for the insured. If you are comparing car insurance prices, we recommend you include multiple independent agents in order to compare the most rates.

Captive Insurance Agents

Captive insurance agents work for only one company such as Allstate, Farmers Insurance, State Farm, and AAA. These agents are unable to provide other company’s prices so they really need to provide good service. They are highly trained on their company’s products which can be an advantage.

For agents in your area, view this page of insurance agencies near you.

Picking an auto insurance agent requires more thought than just the bottom line cost. These questions are important to ask:

• Do they specialize in personal lines auto insurance?
• Is the quote a firm price?
• Can you choose the body shop in case repairs are needed?
• Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
• Are all drivers listed on the coverage quote?
• Is the agency covered by Errors and Omissions coverage?
• Is assistance available after office hours?

Buy online or local, you save

In this article, we covered a lot of information how to get a better price on Cadillac STS-V insurance. The key concept to understand is the more rate quotes you have, the better chance you’ll have of finding . Consumers could even find that the best price on car insurance is with some of the smallest insurance companies. Smaller companies often have lower prices on specific markets compared to the large companies like State Farm or Progressive.

While you’re price shopping online, never reduce needed coverages to save money. There are too many instances where someone dropped comprehensive coverage or liability limits and learned later that their decision to reduce coverage ended up costing them more. Your goal is to buy enough coverage at the lowest possible cost and still be able to protect your assets.