Lower Your 2009 Cadillac STS-V Insurance Rates

Locating better insurance prices for a new or used Cadillac STS-V can normally be a painful process, but you can learn a few tricks to find lower rates. There are more efficient ways to shop for insurance coverage so you’re going to learn the quickest way to get price quotes for a new or used Cadillac and locate the best price possible from both online companies and local agents.

It is always a good idea to do price comparisons as often as possible since insurance rates are constantly changing. Even if you think you had the best premium rates on STS-V coverage six months ago the chances are good that you can find a lower price today. You can search a lot of insurance coverage out there, but we’re going to give you some good information on how to slash your insurance coverage rates.

Where can I get low cost insurance coverage?

Shopping for lower insurance coverage rates can take time and effort if you aren’t aware of the most efficient way to do it. You could waste a few hours talking about coverages with agents in your area, or you can utilize online quoting to get pricing more quickly.

Most car insurance companies enroll in a system where prospective buyers complete one form, and every company returns a rated price based on that data. This saves time by eliminating quotation requests to each company.

To participate in this free quote system, click here (opens in new window).

The one disadvantage to getting quotes like this is buyers cannot specifically choose which companies you will receive quotes from. So if you prefer to pick from a list of companies to compare prices, we put together a list of low cost insurance coverage companies in your area. Click here for list of insurance companies.

You can use whichever method you prefer to find lower rates, just make sure you use the exact same quote data with each company. If you use different data it will be nearly impossible to get a fair rate comparison.

Get cheap insurance rates with discounts

Some insurance providers don’t always advertise the complete list of policy discounts in an easy-to-find place, so the next list breaks down a few of the more well known as well as some of the hidden ways to save on insurance.

  • Discount for Good Grades – A discount for being a good student can be rewarded with saving of up to 25%. This discount can apply up until you turn 25.
  • Life Insurance Discount – Not all insurance companies offer life insurance, but some may give you better rates if you take out a life policy as well.
  • Early Renewal Discounts – A few larger companies offer discounts for switching policies early. It can save you around 10%.
  • Fewer Miles Equal More Savings – Low mileage vehicles can earn substantially lower prices.
  • New Car Discount – Putting insurance coverage on a new car can save you some money compared to insuring an older model.
  • Telematics Discount – People who choose to allow their company to monitor their driving habits by using a telematic data system like Allstate’s Drivewise may see discounts if they have good driving habits.
  • Early Payment Discounts – If you can afford to pay the entire bill instead of paying each month you can avoid monthly service charges.
  • Memberships – Joining a qualifying organization could earn you a nice discount on your policy.
  • Accident Forgiveness – This isn’t a discount exactly, but some insurance companies will forgive one accident before raising your premiums if your claims history is clear before the accident.
  • Military Rewards – Being deployed in the military could qualify you for better rates.

One last thing about discounts, some of the credits will not apply to the entire policy premium. Most only reduce specific coverage prices like liability, collision or medical payments. So when the math indicates adding up those discounts means a free policy, that’s just not realistic.

A list of companies and the discounts they provide are shown below.

  • Progressive may offer discounts for online signing, continuous coverage, good student, multi-vehicle, homeowner, and multi-policy.
  • MetLife includes discounts for claim-free, good driver, accident-free, defensive driver, good student, multi-policy
  • Mercury Insurance offers premium reductions for ease of repair, anti-theft, accident-free, location of vehicle, annual mileage, and professional/association.
  • Nationwide offers discounts including easy pay, good student, business or organization, family plan, Farm Bureau membership, defensive driving, and multi-policy.
  • Geico has discounts for anti-theft, seat belt use, defensive driver, federal employee, and daytime running lights.
  • AAA may include discounts for pay-in-full, multi-car, good driver, multi-policy, good student, education and occupation, and anti-theft.

If you need lower rates, check with each insurance company the best way to save money. Some discounts might not apply in every state.

Learn how to lower your insurance premiums

Many different elements are part of the calculation when you get a price on insurance. Some are pretty understandable like your driving record, although some other factors are not quite as obvious such as your credit history or how safe your car is.A large part of saving on auto insurance is knowing some of the things that aid in calculating auto insurance rates. If you know what determines premiums, this allows you to make good choices that may result in lower rates.

  • You might want pay the inexpensive insurance claims yourself – If you frequently file small claims, you can pretty much guarantee higher premiums or even policy non-renewal. Car insurance companies award the best rates to insureds that do not abuse their auto insurance. Your car insurance is intended to be relied upon for claims that pose a financial burden.
  • Choose high NHTSA crash test ratings and save – Cars with five star safety ratings are cheaper to insure. The safest vehicles help reduce the chance of injuries in an accident and better occupant protection translates into fewer and smaller insurance claims which can result in lower premiums. If your Cadillac STS-V has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
  • Job stress can make you pay more – Occupations like judges, executives and medical professionals generally pay higher rates than the rest of us because of intense work-related stress and lengthy work days. On the other hand, careers such as farmers, athletes and homemakers pay lower than average rates on STS-V coverage.
  • Costs can change based on your address – Having an address in small towns and rural areas has it’s advantages when trying to find low car insurance rates. Fewer drivers on the road corresponds to lower accident rates. Urban drivers have more aggressive driving styles and longer commutes to work. More time commuting means higher likelihood of an accident.
  • Pleasure use saves money – The more you drive in a year the higher your rates will be. Many insurance companies charge to insure your cars based on their usage. Cars not used for work or commuting receive lower rates compared to those used for work or business. An improperly rated STS-V can cost quite a bit. It’s a good idea to make sure your auto insurance declarations sheet states the right rating data, because it can save money.
  • Single drivers take more risk – Having a wife or husband helps lower the price when shopping for auto insurance. Marriage generally demonstrates drivers are less irresponsible and statistics prove drivers who are married are more cautious.

Tailor your insurance coverage coverage to you

When it comes to buying proper insurance coverage, there really is not a cookie cutter policy. Everyone’s needs are different.

Here are some questions about coverages that could help you determine whether your personal situation would benefit from an agent’s advice.

  • Do I pay less if my vehicle is kept in my garage?
  • Which is better, split liability limits or combined limits?
  • Can I get a multi-policy discount?
  • Do I need special endorsements for business use of my vehicle?
  • If my pet gets injured in an accident are they covered?
  • Does my medical payments coverage pay my health insurance deductible?
  • Do I have coverage when making deliveries for my home business?
  • What is the rate difference between pleasure use and commuting?
  • Is my babysitter covered when using my vehicle?
  • Does insurance cover damages from a DUI accident?

If it’s difficult to answer those questions, you may need to chat with an insurance agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, free and can provide invaluable advice.

Car insurance policy coverages for a 2009 Cadillac STS-V

Learning about specific coverages of your car insurance policy helps when choosing which coverages you need for your vehicles. Policy terminology can be difficult to understand and coverage can change by endorsement.

Collision protection

Collision insurance covers damage to your STS-V resulting from a collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims such as colliding with another moving vehicle, crashing into a building, colliding with a tree and backing into a parked car. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to save money on collision insurance.

Comprehensive coverage

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like falling objects, rock chips in glass and damage from a tornado or hurricane. The maximum amount a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Auto liability insurance

Liability coverage protects you from injuries or damage you cause to people or other property in an accident. This insurance protects YOU from claims by other people. It does not 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. You might see limits of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for things like repair costs for stationary objects, attorney fees and pain and suffering. The amount of liability coverage you purchase is up to you, but consider buying as much as you can afford.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries and damage to your Cadillac STS-V.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance reimburse you for expenses such as prosthetic devices, pain medications, EMT expenses, funeral costs and dental work. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants in addition to any family member struck as a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Stretch your dollar

You just read some good ideas how you can save on 2009 Cadillac STS-V insurance. It’s most important to understand that the more quotes you get, the better your chances of lowering your car insurance rates. Consumers could even find that the biggest savings come from a smaller regional carrier.

When shopping online for insurance, make sure you don’t reduce needed coverages to save money. In too many instances, drivers have reduced full coverage only to regret that a couple dollars of savings turned into a financial nightmare. Your focus should be to buy enough coverage at the best price while not skimping on critical coverages.

Consumers leave their current company for a number of reasons such as delays in responding to claim requests, not issuing a premium refund, policy non-renewal and even policy cancellation. Regardless of your reason for switching companies, choosing a new insurance company is easier than you think.

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