2007 Cadillac STS-V Insurance Quotes

Want cheaper auto insurance rates for your Cadillac STS-V? There isn’t anyone who rejoices having to buy auto insurance, particularly when they could lower their rates if they shopped around. Big companies like State Farm and Geico increase brand awareness with ad campaigns and it is difficult to ignore the flying pigs and cute green geckos and take the time to shop coverage around.

It is always a good idea to shop coverage around periodically due to the fact that insurance rates change regularly. Despite the fact that you may have had the best deal for STS-V insurance six months ago other companies may now be cheaper. Don’t believe everything you read about auto insurance on the web, but I’m going to show you some great ideas on how to reduce your auto insurance bill.

How do insurance companies determine Cadillac STS-V insurance rates?

Lots of things are used in the calculation when you get your auto insurance bill. A few of the factors are predictable like your driving record, but other criteria are more transparent such as your credit history or your vehicle rating.Part of the insurance coverage buying process is learning the different types of things that help calculate your premiums. If you have a feel for what positively or negatively impacts your premiums, this allows you to make educated decisions that will entitle you to cheaper rates.

Listed below are most of the major factors used by insurance companies to determine premiums.

  • If you don’t need it don’t buy it – Insurance policies have a lot of extra add-on coverages that can waste your money if you don’t pay attention. Add-on coverages like replacement cost coverage, high-cost glass coverage, and term life insurance may not be needed and are just wasting money. They may seem good when deciding what coverages you need, but your money might be better spent on other coverage so get rid of them and save.
  • Credit rating impacts premium rates – Having a good credit score is a big factor in determining your rates. If your credit rating is lower than you’d like, you could be paying less to insure your 2007 Cadillac STS-V by improving your credit score. Insureds that have excellent credit scores tend to be more responsible than those with lower ratings.
  • Avoid insurance coverage policy lapses – Going without insurance can be a sure-fire way to increase your rates. In addition to paying higher premiums, the inability to provide proof of insurance may earn you a steep fine or even jail time. You may need to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
  • Males tend to take more risk – Over the last 30 years, statistics show that men are more aggressive behind the wheel. This data doesn’t prove that females are better at driving than males. Women and men are responsible for at-fault accidents at about the same rate, but the male of the species cause more damage. Not only that, but men also get more serious tickets like DUI and reckless driving.

Auto insurance policy discounts

Auto insurance companies don’t always list their entire list of discounts very well, so we researched a few of the more common as well as the least known auto insurance savings.

  • Passive Restraint Discount – Vehicles equipped with air bags or motorized seat belts may get savings of 20 to 30 percent.
  • Low Mileage Discounts – Driving fewer miles could earn better rates on cars that stay parked.
  • Early Signing – A few auto insurance companies give discounts for buying a new policy early. Ten percent is about the average savings.
  • Drivers Ed for Students – Have your child successfully complete driver’s ed class if it’s offered in school.
  • Telematics Devices – Insureds who allow companies to study their driving habits by using a telematics device such as In-Drive from State Farm or Allstate’s Drivewise system could possibly reduce rates if they have good driving habits.
  • Professional Organizations – Being in a professional or civic organization can get you a small discount when shopping for auto insurance.
  • Student in College – Kids who attend college more than 100 miles from home and do not have access to a covered vehicle can receive lower rates.
  • Discounts for Cautious Drivers – Safe drivers can pay as much as 50% less for STS-V insurance than their less cautious counterparts.
  • Use Seat Belts – Requiring all passengers to wear their seat belts may be able to save a few bucks on the premium charged for medical payments and/or PIP.
  • Discount for Multiple Policies – If you can bundle your homeowners and auto insurance with one insurance company you could get a discount of nearly 15% which can help you find cheap auto insurance.

Keep in mind that most credits do not apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. Just because it seems like having all the discounts means you get insurance for free, nobody gets a free ride. But any discount will cut the cost of coverage.

Larger auto insurance companies and some of the premium reductions they offer are:

  • Esurance policyholders can earn discounts including Pac-12 alumni, multi-policy, safety device, paid-in-full, and homeowner.
  • The Hartford offers discounts for vehicle fuel type, air bag, good student, anti-theft, driver training, and bundle.
  • AAA includes discounts for multi-car, education and occupation, good student, good driver, pay-in-full, multi-policy, and anti-theft.
  • Geico has discounts for military active duty, seat belt use, anti-theft, multi-policy, defensive driver, five-year accident-free, and daytime running lights.
  • State Farm has savings for defensive driving training, accident-free, Drive Safe & Save, good driver, good student, and multiple policy.

If you want inexpensive auto insurance quotes, ask every prospective company to give you their best rates. Depending on the company, some discounts may not apply in every state.

Do drivers who switch really save?

Consumers can’t escape the ads for cheaper insurance coverage from the likes of State Farm, Allstate and Geico. All the ads say the same thing that you’ll save big if you get a free auto insurance quote and switch your insurance coverage policy to them.

Is it even possible that every company can give you a lower rate? It’s all in the wording.

Insurance companies have an ideal profile for a prospective insured that earns them the highest profit. An example of a profitable risk profile might have to be between the ages of 40 and 55, has no tickets, and drives less than 5,000 miles a year. Any new insured that meets those criteria receive the lowest rate quotes and will probably cut their rates substantially.

Consumers who do not match the “perfect” profile may receive a higher premium and this results in the customer buying from a different company. The wording the ads use say “people who switch” not “everyone who quotes” save that much. This is how companies can make those statements. This illustrates why you really should get a wide range of price quotes. Because you never know which insurance companies will have the best premium rates for your profile.

How do I know if I need professional advice?

When it comes to buying the right insurance coverage, there isn’t really a best way to insure your cars. Everyone’s needs are different so your insurance needs to address that. For instance, these questions might point out if your situation would benefit from professional advice.

  • Am I covered when driving on a suspended license?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Should I rate my 2007 Cadillac STS-V as pleasure use or commute?
  • When does my teenage driver need to be added to my policy?
  • When should I remove comp and collision on my 2007 Cadillac STS-V?
  • Is my 2007 Cadillac STS-V covered for flood damage?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier It’s fast, free and can provide invaluable advice.

Auto insurance coverage information

Knowing the specifics of your policy can help you determine the best coverages and the correct deductibles and limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverage types found on most auto insurance policies.

Coverage for liability – Liability coverage will cover damages or injuries you inflict on people or other property by causing an accident. It protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

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 liability limits of 25/50/25 that means you have a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability coverage pays for claims such as funeral expenses, medical expenses, attorney fees and loss of income. How much liability coverage do you need? That is up to you, but consider buying as large an amount as possible.

Comprehensive auto coverage – This coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as vandalism, hail damage, damage from a tornado or hurricane, a broken windshield and a tree branch falling on your vehicle. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Medical payments and PIP coverage – Coverage for medical payments and/or PIP kick in for short-term medical expenses for things like surgery, doctor visits, X-ray expenses and EMT expenses. The coverages can be utilized in addition to your health insurance program or if you are not covered by health insurance. It covers both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is not universally available but can be used in place of medical payments coverage

Collision – This coverage pays for damage to your STS-V from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as backing into a parked car, driving through your garage door, hitting a parking meter, colliding with a tree and hitting a mailbox. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to choose a higher deductible to bring the cost down.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Do the work, save more money

When searching for low cost auto insurance quotes, make sure you don’t skimp on coverage in order to save money. Too many times, someone sacrificed comprehensive coverage or liability limits only to discover later that their decision to reduce coverage ended up costing them more. Your objective should be to buy the best coverage you can find at the best possible price but still have enough coverage for asset protection.

We just covered many tips how you can shop for 2007 Cadillac STS-V insurance online. The key concept to understand is the more times you quote, the better your chances of lowering your premium rates. You may even discover the best car insurance rates are with a lesser-known regional company. Smaller companies may have significantly lower premium rates on certain market segments compared to the large companies like Geico and State Farm.

Lower-priced 2007 Cadillac STS-V insurance can be found from both online companies and also from your neighborhood agents, so get free auto insurance quotes from both of them in order to have the best price selection to choose from. Some companies may not have price quotes online and many times these smaller providers only sell through independent insurance agencies.

Additional information