How Much Does 2014 Cadillac CTS-V Wagon Insurance Cost?

Trying to find the cheapest car insurance rates for your Cadillac CTS-V Wagon? Have you had enough of sacrificing other expenses each month for car insurance? You are in the same boat as many other drivers.

Many insurance companies vie to insure your vehicles, and because of this it can be hard to compare insurers to get the lowest price

You should take the time to do price comparisons once or twice a year due to the fact that insurance prices are usually higher with each renewal. Even if you think you had the lowest price for CTS-V Wagon coverage last year there may be better deals available now. Forget anything you know (or think you know) about car insurance because we’re going to demonstrate the proper way to eliminate unnecessary coverages and save money.

If you currently have car insurance, you stand a good chance to be able to save some money using this strategy. Finding affordable coverage is easy if you know what you’re doing. Although vehicle owners can benefit by having an understanding of how companies determine prices and take advantage of how the system works.

Insurance premium influencing factors

Smart consumers have a good feel for the different types of things that go into determining the price you pay for insurance coverage. If you have some idea of what determines premiums, this allows you to make educated decisions that can earn you better insurance coverage rates.

  • Use credit responsibly and save – Your credit rating can be a huge factor in determining what you pay for insurance coverage. Consumers who have very high credit ratings tend to be more responsible as compared to drivers with lower ratings. So if your credit is lower than you’d like, you could save money insuring your 2014 Cadillac CTS-V Wagon by repairing your credit.
  • Safer cars save money – Vehicles with high crash test scores can get you lower premiums. Safe vehicles help reduce the chance of injuries in an accident and lower injury rates translates into savings for insurance companies and thus lower rates. If your Cadillac CTS-V Wagon scored better than four stars on Safercar.gov you may pay a lower rate.
  • Good drivers pay less – Attentive drivers pay less for auto insurance compared to drivers with tickets. Even one speeding ticket or other violation can increase the cost of insurance twenty percent or more. Drivers who have received multiple violations like DUI or reckless driving may need to file a SR-22 to the state department of motor vehicles in order to prevent a license revocation.
  • Age of drivers – Youthful drivers have a tendency to be easily distracted when driving with friends therefore insurance coverage rates are much higher. Older, more experienced drivers are shown to be more cautious, are lower risk to insure and are safer drivers.

Ways to get insurance quotes

When looking for low cost car insurance quotes, there are a couple ways of comparing price quotes from all the different companies. The easiest way to find the lowest Cadillac CTS-V Wagon rates is to perform an online rate comparison. It’s really quite simple and can be done in a couple minutes as outlined below.

  1. If you are pressed for time, the simplest way to compare a lot of rates at once is a comparison rater form like this one (opens in new window). This quick form prevents you from having to do repetitive form entry for each company you want a rate for. One form submission gets insurance cost estimates from many national carriers.
  2. Another way to get comparison quotes requires you to visit each individual company website and repeat the quote process again and again. For sake of this example, we’ll assume you want to compare Geico, Safeco and State Farm. To get each rate you have to visit each site and type in your information over and over, which explains why we recommend starting with the first method. To view a list of companies in your area, click here.
  3. The least recommended way to compare price quotes is going to insurance agencies in your area. Doing it all online eliminates the middleman unless you have a complicated situation and need the peace of mind only provided by licensed agents. Although you can obtain prices from the web but have your policy serviced through an agent.

How you compare quotes is your choice, just make darn sure you compare apples-to-apples quote data on every quote you get. If you are comparing differing limits it will be nearly impossible to determine the lowest rate for your Cadillac CTS-V Wagon. Slightly different insurance coverages may result in a large different in cost. It’s important to know that comparing all the rates in your area will improve the odds of getting the best price.

Can you really save $446 a year?

Companies like Progressive, Geico, Allstate and State Farm constantly bombard you with ads on television and other media. All the companies have a common claim that drivers will save a bundle if you move your policy. How does each company make almost identical claims?

Different companies look for specific characteristics for the type of customer that will add to their bottom line. For instance, a desirable risk could be over the age of 35, owns a home, and drives less than 7,500 miles a year. A customer getting a price quote that hits that “sweet spot” is entitled to the best price and will most likely save when switching.

Potential insureds who do not match those criteria must pay higher premiums and the customer not buying. Company advertisements say “drivers who switch” but not “all drivers who get quotes” save the amount stated. That’s the way companies can truthfully make claims that they all have the best premium rates.

That is why you really should get a wide range of price quotes. It is impossible to guess which company will fit your personal profile best.

Cheaper rates with these auto insurance discounts

Not many people think insurance is cheap, but there could be significant discounts that could help you make your next renewal payment. Most are applied at the time of purchase, but a few need to be requested specifically before being credited.

  • Low Mileage Discounts – Driving fewer miles could earn lower rates due to less chance of an accident.
  • Defensive Driving Course – Passing a defensive driving class is a good idea and can lower rates and easily recoup the cost of the course.
  • Military Discounts – Being on active duty in the military could trigger a small discount.
  • Anti-lock Brakes – Cars, trucks, and SUVs with ABS and/or traction control are safer to drive and earn discounts up to 10%.
  • Discounts for Multiple Vehicles – Buying insurance for multiple cars or trucks with the same company can reduce the rates for all insured vehicles.
  • Discounts for Federal Employees – Active or former government employment can save as much as 8% for CTS-V Wagon coverage with some auto insurance companies.
  • College Student – Kids who live away from home at college and won’t have access to an insured vehicle could qualify for this discount.
  • Driver’s Ed – Require your teen driver to sucessfully take a drivers education course in school.
  • Paperless Signup – A handful of auto insurance companies give back up to $50 for completing your application on their website.

Don’t be shocked that some of the credits will not apply to the entire cost. Some only apply to specific coverage prices like liability and collision coverage. If you do the math and it seems like you can get free auto insurance, insurance companies wouldn’t stay in business.

A list of auto insurance companies and their possible discounts are shown below.

  • 21st Century may offer discounts for air bags, anti-lock brakes, student driver, theft prevention, and teen driver.
  • Progressive may include discounts for good student, multi-policy, homeowner, online signing, and multi-vehicle.
  • State Farm includes discounts for multiple autos, defensive driving training, Steer Clear safe driver discount, good driver, safe vehicle, and Drive Safe & Save.
  • Nationwide has discounts for family plan, anti-theft, Farm Bureau membership, defensive driving, multi-policy, business or organization, and easy pay.
  • Esurance offers premium reductions for online shopper, DriveSense, claim free, anti-theft, Pac-12 alumni, online quote, and good driver.
  • The Hartford policyholders can earn discounts including driver training, defensive driver, bundle, anti-theft, air bag, and good student.

If you want affordable car insurance quotes, ask each company or agent the best way to save money. Discounts might not be offered on policies in your state. If you would like to view insurers with discount auto insurance rates, click here to view.

Auto insurance can get complicated

When it comes to buying adequate coverage, there is no best way to insure your cars. Everyone’s situation is unique so your insurance needs to address that. Here are some questions about coverages that might help in determining if your insurance needs might need an agent’s assistance.

  • How high should my uninsured/underinsured coverage be in my state?
  • Am I covered when driving someone else’s vehicle?
  • Should I buy only the required minimum liability coverage?
  • Am I covered if hit by an uninsured driver?
  • Is extra glass coverage worth it?
  • Does my 2014 Cadillac CTS-V Wagon qualify for pleasure use?
  • Are my friends covered when driving my 2014 Cadillac CTS-V Wagon?
  • Can I get a multi-policy discount?

If you can’t answer these questions then you might want to talk to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies.

Car insurance coverages explained

Knowing the specifics of your policy aids in choosing appropriate coverage at the best deductibles and correct limits. Car insurance terms can be ambiguous and coverage can change by endorsement. Shown next are typical coverage types found on the average car insurance policy.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance provide coverage for expenses for dental work, doctor visits, prosthetic devices, nursing services and hospital visits. They are utilized in addition to your health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Auto liability – This will cover damage that occurs to a person or their property. This coverage protects you from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 50/100/50 which stand for $50,000 bodily injury coverage, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability can pay for things like structural damage, repair bills for other people’s vehicles and pain and suffering. How much liability should you purchase? That is up to you, but buy as high a limit as you can afford.

Comprehensive coverage (or Other than Collision) – This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like hail damage, hitting a bird, vandalism, damage from flooding and a broken windshield. The highest amount a car insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and damage to your Cadillac CTS-V Wagon.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

Collision coverage – Collision coverage pays for damage to your CTS-V Wagon caused by collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like backing into a parked car, scraping a guard rail and damaging your car on a curb. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to bump up the deductible in order to get cheaper collision rates.

More choices the merrier

Cost effective 2014 Cadillac CTS-V Wagon insurance is possible both online and also from your neighborhood agents, and you should compare rates from both to have the best chance of lowering rates. Some insurance providers do not offer the ability to get quotes online and usually these regional carriers work with independent agents.

We covered many tips how you can compare 2014 Cadillac CTS-V Wagon insurance rates online. It’s most important to understand that the more rate quotes you have, the higher your chance of finding the cheapest car insurance. You may even find the most savings is with some of the lesser-known companies. Some small companies may have significantly lower car insurance rates on certain market segments than their larger competitors like State Farm or Progressive.

When searching for cheap car insurance quotes, make sure you don’t skimp on critical coverages to save a buck or two. In too many instances, someone dropped liability limits or collision coverage only to discover later they didn’t have enough coverage. Your goal is to find the BEST coverage at the lowest possible cost, but do not sacrifice coverage to save money.

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