How Much Does 2004 Cadillac SRX Car Insurance Cost?

Have you had enough of sacrificing other expenses each month for car insurance? You are in the same boat as millions of other people.

Big-name insurance companies like State Farm, Farmers Insurance, GEICO and Allstate all claim big savings, bombarding you with TV and radio ads and it can be hard to ignore the promise of big savings and effectively compare rates to find the best deal.

If you are paying for car insurance now, you will be able to reduce your rates substantially using this strategy. Choosing the best insurance company for you is easy if you know what you’re doing. But vehicle owners must comprehend how big insurance companies price online insurance and use this information to your advantage.

The fastest way that we advise to compare rates is to realize almost all companies participate in online systems to provide you with free rate quotes. To begin a comparison, all you need to do is spend a couple of minutes providing details such as how you use your vehicles, whether or not you need a SR-22, coverage limits, and if you lease or own. That information is sent automatically to multiple car insurance providers and they return cost estimate instantly to find the best rate.

Components of your Cadillac SRX insurance prices

Many factors are part of the calculation when pricing auto insurance. A few of the factors are predictable such as your driving history, but others are more obscure like where you live or your vehicle rating.

  • Rates increase with driving citations – Your driving record has a lot to do with how much you pay for insurance. Drivers who don’t get tickets get better rates than bad drivers. Getting just one speeding ticket could increase your next policy renewal substantially. Drivers with license-revoking violations such as DUI, reckless driving or excessive speeding may find that they have to to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to continue driving.
  • How much liability – Your insurance coverage policy’s liability coverage is the protection when you are ruled to be at fault for physical damage or personal injury to other. Liability provides for a legal defense starting from day one. It is affordable coverage when compared with rates for comp and collision, so drivers should make sure they buy enough to cover all assets.
  • Lower premiums with GPS tracking and theft deterrents – Choosing to buy a car with a theft deterrent system can save you a little every year. Systems that thwart theives like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help stop your vehicle from being stolen.
  • Cheaper rates by bundling – Most insurance companies will give better rates to policyholders who carry more than one policy, otherwise known as a multi-policy discount. Even though this discount sounds good, you still need to compare other company rates to guarantee you are still saving the most.
  • Your vocation may affect insurance coverage rates – Occupational choices like judges, executives and accountants are shown to have higher average rates attributed to stressful work requirements and incredibly demanding work hours. Other careers like professors, historians and retirees have lower than average premiums for SRX insurance.
  • Prices are affected by your address – Having an address in less populated areas of the country has definite advantages when it comes to insurance coverage. Lower population means less chance of accidents and lower theft and vandalism rates. City drivers have congested traffic and more time behind the wheel. Spending more time driving means more chances of being involved in an auto accident.
  • A insurance coverage policy lapse can increase insurance coverage rates – Having an insurance coverage lapse is a sure-fire way to drive up your policy premiums. And not only will insurance be more expensive, getting caught without coverage could earn you a fine, jail time, or a revoked license.

These discounts can lower car insurance rates

Some insurance providers don’t necessarily list every discount they offer in an easy-to-find place, so the list below contains a few of the more common in addition to some of the lesser obvious car insurance savings. If you check and find you aren’t receiving every discount possible, you are not getting the best rate possible.

  • ABS Braking Discount – Anti-lock brake equipped vehicles can avoid accidents and earn discounts up to 10%.
  • Organization Discounts – Belonging to specific professional or occupational memberships or organizations could trigger savings when getting a auto insurance quote.
  • Save with More Vehicles Insured – Drivers who insure primary and secondary vehicles on the same car insurance policy qualifies for this discount.
  • Use Seat Belts – Drivers who always wear seat belts and also require passengers to wear their seat belts may be able to save a few bucks off the medical payments premium.
  • Mature Driver Discount – If you’re over the age of 55, you can get better car insurance rates for SRX insurance.

Discounts lower rates, but some of the credits will not apply to all coverage premiums. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. So even though they make it sound like adding up those discounts means a free policy, companies wouldn’t make money that way.

Popular car insurance companies and a partial list of their discounts can be found below.

  • GEICO has savings for seat belt use, air bags, military active duty, emergency military deployment, and defensive driver.
  • SAFECO includes discounts for homeowner, multi-car, teen safe driver, teen safety rewards, anti-lock brakes, bundle discounts, and anti-theft.
  • State Farm offers premium reductions for anti-theft, passive restraint, safe vehicle, multiple autos, multiple policy, good student, and student away at school.
  • MetLife has discounts for good driver, multi-policy, accident-free, good student, defensive driver, claim-free
  • 21st Century offers discounts including homeowners, good student, anti-lock brakes, 55 and older, early bird, and student driver.
  • Progressive policyholders can earn discounts including online signing, continuous coverage, multi-policy, good student, homeowner, multi-vehicle, and online quote discount.

When comparing rates, check with every company how you can save money. Savings might not be offered in your area. To find companies who offer free car insurance quotes, click here to view.

When do I need an agent’s advice?

When buying the best car 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 can aid in determining if your situation could use an agent’s help.

  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Am I covered if I drive in a foreign country?
  • What should my uninsured motorist coverage limits be in my state?
  • Is rental equipment covered for theft or damage?
  • What is no-fault insurance?
  • Does my policy pay for OEM or aftermarket parts?
  • Is my Cadillac SRX covered if I use it for business?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies.

Specific coverages for a Cadillac SRX

Knowing the specifics of your car insurance policy helps when choosing which coverages you need and proper limits and deductibles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. These are the normal coverages found on most car insurance policies.

Coverage for collisions

Collision coverage covers damage to your SRX resulting from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as hitting a parking meter, sustaining damage from a pot hole, colliding with a tree, colliding with another moving vehicle and rolling your car. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and damage to your Cadillac SRX.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Frequently these limits do not exceed the liability coverage limits.

Coverage for medical expenses

Med pay and PIP coverage kick in for bills for things like dental work, prosthetic devices and ambulance fees. They are used to cover expenses not covered by your health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Liability

This provides protection from injuries or damage you cause to other people or property. This coverage protects you against other people’s claims. It does not cover your injuries or vehicle damage.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers things like medical services, emergency aid and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but consider buying as large an amount as possible.

Comprehensive car insurance

Comprehensive insurance will pay to fix damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers things like theft, hitting a deer, vandalism, falling objects and rock chips in glass. The maximum amount a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Shop around and save

When buying insurance coverage, make sure you don’t skimp on critical coverages to save a buck or two. There are many occasions where an insured cut full coverage and learned later that the small savings ended up costing them much more. The ultimate goal is to purchase plenty of coverage at the best price and still be able to protect your assets.

We just presented some good ideas how you can save on 2004 Cadillac SRX insurance. The key concept to understand is the more providers you compare, the better your chances of lowering your car insurance rates. Consumers may even find the lowest priced auto insurance comes from a small local company. They may only write in your state and offer lower car insurance rates than the large multi-state companies such as State Farm, GEICO and Nationwide.

Additional auto insurance information is available below: