How Much Does 2007 Cadillac SRX Car Insurance Cost?

Looking for the cheapest auto insurance rates for your Cadillac SRX? Tired of sacrificing to pay your auto insurance bill each month? Your situation is no different than the majority of other consumers.

Big companies like State Farm, Progressive and Geico promote their brand names with TV and radio ads and it can be hard to see past the geckos and flying pigs and do the work needed to find the best deal.

Consumers should take time to get comparison quotes as often as possible because rates tend to go up over time. Just because you had the lowest premium rates on SRX insurance a couple years back other companies may now be cheaper. Ignore everything you know about auto insurance because you’re about to learn the best methods to lower your rates without sacrificing coverage.

If you are paying for car insurance now, you will most likely be able to cut costs considerably using these tips. Finding affordable coverage is quite easy. But vehicle owners can benefit from knowing the way insurance companies market on the web.

Buy car insurance online

There are several ways you can shop for car insurance but some are more efficient than others. You can spend countless hours driving to insurance companies in your area, or you can utilize the internet to accomplish the same thing much quicker.

Most of the larger companies belong to a marketplace that enables customers to enter their coverage request one time, and each participating company returns a competitive quote based on that data. This prevents consumers from doing form submissions for each company.

To find out how much you can save on car insurance click here to open in new window.

The only drawback to pricing coverage this way is you can’t choose which companies you will receive quotes from. So if you prefer to choose specific insurance companies to receive pricing from, we have a page of car insurance companies in your area. Click to view list.

You can choose any of those ways to find more affodable coverage, but compare exactly the same coverages on every quote you get. If the quotes have mixed coverages it will be nearly impossible to determine which company has the best rates. Just a small difference in coverage limits could skew the results. Just remember that quoting more will improve the odds of getting a lower rate than you’re paying now.

Why you might not save $395 a year

Respected companies like Allstate, Geico and Progressive regularly use ads on TV and radio. They all seem to advertise the message that people will save just by moving your insurance coverage coverage to their company. It sounds good, but how can they all cost less than your current company? This is how they do it.

Companies give the cheapest rates for the type of insured that earns them the highest profit. One example of a profitable insured could be over the age of 45, owns their home, and the vehicle is rated for pleasure use. Any person who meets those qualifications will get the preferred premium rates and will also save money with a new company.

Insureds who may not quite match the requirements may receive higher rates which usually ends up with the customer buying from someone else. The wording the ads use say “people who switch” not “all people who quote” can save as much as they claim. That’s the way insurance companies can confidently state the savings.

This emphasizes why you really need to compare quotes as often as possible. It’s not possible to predict which company will have the best rates.

Don’t overlook these car insurance discounts

Some insurers don’t always publicize every available discount in an easy-to-find place, so we took the time to find a few of the more common and the harder-to-find credits that may apply to you.

  • Discounts for Federal Employees – Federal government employees could cut as much as 10% off on SRX insurance with some car insurance companies.
  • Renewal Discounts – A few car insurance companies offer discounts for switching to them prior to the expiration date on your current policy. This can save 10% or more.
  • Passive Restraints and Air Bags – Factory air bags can receive discounts of more than 20%.
  • Student Driver Training – Reduce the cost of insurance for teen drivers by having them enroll in driver’s education in high school.
  • Payment Discounts – By paying your entire bill at once rather than paying monthly you could save 5% or more.
  • Online Discount – A few larger companies will give a small break for completing your application on their website.

Keep in mind that most credits do not apply to the overall cost of the policy. Most cut specific coverage prices like physical damage coverage or medical payments. Just because you may think you could get a free car insurance policy, it just doesn’t work that way.

Popular car insurance companies and a partial list of their discounts are shown below.

  • Progressive may offer discounts for homeowner, multi-policy, good student, continuous coverage, and online signing.
  • MetLife may have discounts that include multi-policy, claim-free, accident-free, good driver, good student, and defensive driver.
  • Mercury Insurance has discounts for multi-car, type of vehicle, professional/association, good student, low natural disaster claims, location of vehicle, and annual mileage.
  • Nationwide has savings for family plan, anti-theft, good student, easy pay, accident-free, business or organization, and defensive driving.
  • Geico offers premium reductions for anti-lock brakes, air bags, seat belt use, emergency military deployment, multi-vehicle, and five-year accident-free.
  • AAA may include discounts for anti-theft, pay-in-full, multi-policy, AAA membership discount, education and occupation, and multi-car.

When getting free insurance quotes, it’s a good idea to every insurance company which discounts you may be entitled to. Some discounts may not be offered in every state. To see companies with the best car insurance discounts, follow this link.

When to get professional advice

When choosing the best auto insurance coverage, there isn’t really a best way to insure your cars. Everyone’s situation is a little different so your insurance should reflect that Here are some questions about coverages that may help highlight if your situation would benefit from professional advice.

  • Is my babysitter covered when using my vehicle?
  • Is upholstery damage covered by car insurance?
  • Is my dog or cat covered if injured in an accident?
  • Should I rate my 2007 Cadillac SRX as pleasure use or commute?
  • How does medical payments coverage work?
  • Do I really need UM/UIM coverage?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area.

Information about specific coverages

Knowing the specifics of your auto insurance policy can help you determine which coverages you need for your vehicles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find typical coverages offered by auto insurance companies.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage resulting from a collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like sideswiping another vehicle, driving through your garage door, hitting a mailbox, backing into a parked car and damaging your car on a curb. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. You can also choose a higher deductible to save money on collision insurance.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance pay for expenses for things like X-ray expenses, surgery and chiropractic care. They can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Comprehensive coverages

This coverage covers damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like vandalism, theft, a broken windshield and fire damage. The maximum payout your auto insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured and underinsured coverage

This coverage gives you protection from other drivers when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as damage to your 2007 Cadillac SRX.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Normally the UM/UIM limits are identical to your policy’s liability coverage.

Liability coverages

This coverage will cover injuries or damage you cause to people or other property by causing an accident. It 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 policy limits of 50/100/50 that means you have $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Another option is a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers things such as loss of income, funeral expenses, structural damage, attorney fees and legal defense fees. How much liability should you purchase? That is up to you, but you should buy as much as you can afford.

In conclusion

When trying to cut insurance costs, don’t be tempted to skimp on coverage in order to save money. There are too many instances where an insured dropped collision coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to get the best coverage possible for the lowest price, not the least amount of coverage.

Some companies don’t offer price quotes online and usually these small, regional companies only sell through independent insurance agents. More affordable auto insurance is possible both online and from local agencies, so you need to compare both so you have a total pricing picture.

Additional auto insurance information is available at the links below