Save on 2005 Cadillac SRX Insurance Quotes

Looking for cheaper insurance coverage rates for your Cadillac SRX? No sane person gets a kick out of paying for insurance coverage, especially when they know they are paying too much. Lots of auto insurance companies contend for your hard-earned dollar, so it can be very hard to choose a company and uncover the absolute best price available.

It is always a good idea to do price comparisons yearly due to the fact that insurance prices are variable and change quite frequently. Even if you think you had the best price for SRX coverage last year you will most likely find a better rate quote today. Block out anything you think you know about insurance coverage because you’re about to learn how to use online quotes to find the best coverage while lowering your premiums.

Discounts for cheaper insurance rates

Some companies do not advertise every possible discount in an easy-to-find place, so we researched some of the best known as well as the least known credits available to bring down your rates.

  • Safety Restraint Discount – Requiring all passengers to fasten their seat belts can save a little off the PIP or medical payment premium.
  • Drive Less and Save – Fewer annual miles on your Cadillac could qualify for substantially lower insurancerates.
  • Passive Restraints and Air Bags – Options like air bags or automatic seat belts can receive discounts of 20 to 30 percent.
  • Policy Bundle Discount – If you can combine your home and auto policy with the same insurance company you may save as much as 10 to 15 percent.
  • Multiple Cars – Drivers who insure multiple cars or trucks with the same company can reduce the rates for all insured vehicles.
  • New Car Discount – Putting insurance coverage on a new car can save up to 30% because new vehicles keep occupants safer.
  • Good Students Pay Less – Getting good grades can get you a discount of up to 25%. Earning this discount can benefit you up until you turn 25.
  • Lower Rates for Military – Having an actively deployed family member could mean lower prices.

A little disclaimer on discounts, most discount credits are not given to your bottom line cost. Most only cut the cost of specific coverages such as collision or personal injury protection. So when the math indicates you would end up receiving a 100% discount, it doesn’t quite work that way.

Larger insurance companies and a selection of discounts are:

  • State Farm has discounts for accident-free, student away at school, defensive driving training, Drive Safe & Save, driver’s education, good student, and anti-theft.
  • Progressive includes discounts for online signing, online quote discount, good student, continuous coverage, multi-vehicle, and multi-policy.
  • Travelers policyholders can earn discounts including driver training, good student, save driver, early quote, student away at school, IntelliDrive, and home ownership.
  • American Family may include discounts for defensive driver, early bird, bundled insurance, Steer into Savings, and air bags.
  • Liberty Mutual discounts include preferred payment discount, new graduate, newly married, newly retired, exclusive group savings, multi-car, and hybrid vehicle.

When getting free auto insurance quotes, it’s a good idea to each insurance company what discounts are available to you. Discounts might not be available to policyholders in your area. To see a list of insurance companies with the best discounts, follow this link.

Tailor your auto insurance coverage to you

When it comes to buying the best auto insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Every insured’s situation is different so your insurance should reflect that These are some specific questions can aid in determining whether your personal situation might need an agent’s assistance.

  • Is a blown tire covered by insurance?
  • Should I rate my 2005 Cadillac SRX as pleasure use or commute?
  • Why do I only qualify for high-risk insurance?
  • Can my babysitter drive my car?
  • Do I need an umbrella policy?
  • Does my policy cover my teen driver if they drive my company car?
  • Is rental equipment covered for theft or damage?
  • Are split liability limits better than a combined single limit?
  • Will I lose any money if I cancel my policy before it expires?
  • Do I have coverage for damage caused while driving under the influence?

If you can’t answer these questions then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Misconceptions in auto insurance advertisements

Drivers can’t get away from all the ads for auto insurance savings by Allstate and Progressive. They all seem to say the same thing that you can save if you get a free auto insurance quote and switch to them.

How does each company say the same thing? Here is the trick they use.

Different companies have specific characteristics for the type of driver that earns them the most money. One example of this type of driver might have to be over the age of 45, has few claims, and drives less than 10,000 miles a year. Any customer who fits that profile will qualify for the lowest prices and will probably save a lot if they switch.

Potential insureds who fall short of this ideal profile may receive higher rates which usually ends up with the customer buying from someone else. The wording the ads use say “drivers that switch” but not “everyone who gets a quote” save that kind of money. That is how companies can advertise the way they do.

Because every company is different, it is so important to quote coverage with many companies. It’s just not possible to know which insurance companies will have the lowest rates.

Coverages available on your policy

Having a good grasp of insurance can be of help when determining which coverages you need and the correct deductibles and limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. Below you’ll find the usual coverages offered by insurance companies.

Collision – Collision insurance covers damage to your SRX resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims such as crashing into a ditch, driving through your garage door, rolling your car and sideswiping another vehicle. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also increase the deductible in order to get cheaper collision rates.

Coverage for liability – This protects you from damage that occurs to a person or their property by causing an accident. This coverage protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 25/50/25 which stand for $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against claims like emergency aid, repair costs for stationary objects, funeral expenses and legal defense fees. How much liability should you purchase? That is your choice, but you should buy as high a limit as you can afford.

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Most of the time these coverages do not exceed the liability coverage limits.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for things like X-ray expenses, nursing services, doctor visits and chiropractic care. The coverages can be used in conjunction with a health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as if you are hit as a while walking down the street. PIP is not available in all states and gives slightly broader coverage than med pay

Comprehensive (Other than Collision) – This covers damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as falling objects, theft, rock chips in glass and damage from getting keyed. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Be Smart and Buy Smart

When trying to cut insurance costs, don’t be tempted to skimp on coverage in order to save money. There have been many cases where consumers will sacrifice physical damage coverage and found out when filing a claim that it was a big mistake. Your goal should be to buy a smart amount of coverage at the best price, but do not sacrifice coverage to save money.

Some insurance coverage companies do not offer online rate quotes and usually these small, regional companies sell through independent insurance agents. Low-cost 2005 Cadillac SRX insurance is attainable both online as well as from independent agents, and you should compare rates from both to have the best selection.

We just showed you some good ideas how to lower your 2005 Cadillac SRX insurance prices. The key thing to remember is the more times you quote, the higher the chance of saving money. You may be surprised to find that the best prices are with some of the smallest insurance companies. Some small companies may have significantly lower rates on certain market segments than the large multi-state companies such as State Farm and Allstate.

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