Cheaper 2012 Cadillac CTS-V Coupe Car Insurance Quotes

Looking for the cheapest insurance rates for your Cadillac CTS-V Coupe? Tired of not being able to afford to make your insurance payment? Your situation is no different than many other people.

Big companies like Allstate, Progressive and GEICO all promote huge savings with catchy ads and it is difficult to separate fact from fiction and effectively compare rates to find the best deal.

It is always a good idea to do price comparisons at least once a year because insurance prices tend to go up over time. Despite the fact that you may have had the best deal for CTS-V Coupe coverage last year you can probably find a lower rate today. There is lot of inaccurate information about insurance online but I’m going to show you some guaranteed methods to lower your insurance rates.

The method we recommend to get rate comparisons takes advantage of the fact most insurance companies will pay a fee to provide you with a free rate quote. All you need to do is provide a little information such as level of coverage desired, types of safety features, whether the vehicles are used for commuting, and how many miles driven. The rating information is then sent to many of the top insurers and they provide comparison quotes instantly to find the best rate.

Are you getting every discount?

Some insurance providers do not advertise all possible discounts very clearly, so the list below details both the well known and the more hidden savings tricks you should be using when you buy auto insurance online.

  • Good Grades Discount – Excelling in school can be rewarded with saving of up to 25%. Many companies even apply the discount to college students until age 25.
  • Use Seat Belts – Requiring all passengers to fasten their seat belts can save up to 15% off the personal injury premium cost.
  • Passive Restraints and Air Bags – Options like air bags or motorized seat belts can qualify for discounts of 20% or more.
  • Active Service Discounts – Being deployed with a military unit could be rewarded with lower prices.
  • Multiple Policy Discount – If you can bundle your auto and homeowners insurance with one company you will save at least 10% off all policies.
  • Distant Student – Children living away from home attending college and leave their car at home could qualify for this discount.
  • First Accident Forgiveness – This one isn’t a discount, but companies like Allstate, Progressive, and GEICO will allow you to have one accident before they charge you more for coverage with the catch being you have to be claim-free for a specific time period.
  • Federal Government Employee – Federal government employees can save as much as 8% for CTS-V Coupe coverage with certain companies.

Please keep in mind that some of the credits will not apply the the whole policy. Most only apply to specific coverage prices like collision or personal injury protection. So even though you would think you would end up receiving a 100% discount, it’s just not the way it works.

To locate providers that can offer you the previously mentioned discounts, follow this link.

Cadillac CTS-V Coupe insurance premium factors

Smart consumers have a good feel for the rating factors that go into determining your premiums. When you understand what determines premiums, this helps enable you to make changes that may reward you with cheaper rates.

The items below are just a few of the factors utilized by car insurance companies to help set your rate level.

  • Tickets and citations cost more than a fine – Whether or not you get tickets impacts your car insurance rates tremendously. Having a single driving citation can increase the cost of insurance forty percent or more. Careful drivers get better prices as compared to careless drivers. Drivers who have received severe tickets such as DWI, reckless driving or hit and run convictions may be required to complete a SR-22 with the DMV in their state in order to legally drive a vehicle.
  • Being married pays dividends – Getting married may cut your premiums on your insurance policy. Having a significant other usually means you are more mature than a single person and it’s statistically proven that married couples file fewer claims.
  • High physical damage deductibles cost less – Comprehensive and collision coverage deductibles state the amount of money you are required to spend out-of-pocket if a claim is determined to be covered. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Some instances where coverage would apply could be collision with another vehicle, vandalism, or theft of your vehicle. The higher the amount you are required to pay out-of-pocket, the bigger discount you will receive for CTS-V Coupe coverage.
  • Never let your insurance expire – Driving your car without having proper coverage can get you a ticket and you will pay a penalty because you let your insurance lapse for non-payment. And not only will your rates increase, being ticketed for driving with no insurance will get you fines and jail time.
  • Credit rating impacts prices – Credit history factor in determining what you pay for insurance. Drivers with high credit scores tend to be better drivers and file fewer claims than drivers with bad credit. If your credit history is low, you could save money insuring your 2012 Cadillac CTS-V Coupe by improving your credit score.
  • Is your vehicle theft-ready? – Choosing to buy a car that has an advanced theft prevention system can help lower your rates. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent car theft.
  • You might want pay the small claims yourself – Auto insurance companies award better rates to policyholders who only file infrequent claims. If you are the type of insured that files lots of claims you can definitely plan on either a policy non-renewal or much higher rates. Insurance coverage is intended to be relied upon for major claims that would cause financial hardship.
  • Your location is a factor – Having an address in small towns and rural areas is a positive aspect when insuring your vehicles. Less people living in that area means less chance of accidents as well as less vandalism and auto theft. People in densly populated areas tend to have more aggressive driving styles and longer commute times. More time behind the wheel means more chances of being involved in an auto accident.

When in doubt talk to an agent

When it comes to buying proper insurance coverage for your vehicles, there really is no single plan that fits everyone. Everyone’s situation is a little different and your policy should reflect that. These are some specific questions could help you determine whether or not you would benefit from professional advice.

  • Is pleasure use cheaper than using my 2012 Cadillac CTS-V Coupe to commute?
  • Am I covered if I crash into my own garage door?
  • Is my camper covered by my car insurance policy?
  • Am I covered when delivering products for my home-based business?
  • Is there coverage for injuries to my pets?
  • What happens if I owe more than my 2012 Cadillac CTS-V Coupe is worth?

If you can’t answer these questions but a few of them apply, you might consider talking to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of insurance coverage companies in your area.

Insurance policy coverages for a 2012 Cadillac CTS-V Coupe

Learning about specific coverages of your policy aids in choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Shown next are the normal coverages found on the average insurance policy.

Liability coverage – This coverage provides protection from damage that occurs to people or other property. It protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for claims like legal defense fees, medical expenses, structural damage and repair bills for other people’s vehicles. How much liability coverage do you need? That is up to you, but buy as much as you can afford.

Insurance for medical payments – Med pay and PIP coverage reimburse you for expenses for things like ambulance fees, hospital visits, rehabilitation expenses and prosthetic devices. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants in addition to being hit by a car walking across the street. PIP is not an option in every state and gives slightly broader coverage than med pay

Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like hitting a deer, vandalism and falling objects. The maximum amount your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured Motorist or Underinsured Motorist insurance – This 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 as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Collision coverages – Collision insurance pays for damage to your CTS-V Coupe resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as backing into a parked car, colliding with a tree, driving through your garage door and rolling your car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. You can also raise the deductible to bring the cost down.

Saving money makes a lot of cents

You just read a lot of tips how to get a better price on 2012 Cadillac CTS-V Coupe insurance. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. You may even discover the lowest rates are with an unexpected company. Regional companies can often insure niche markets at a lower cost compared to the large companies like Progressive and GEICO.

Affordable 2012 Cadillac CTS-V Coupe insurance can be bought online and also from your neighborhood agents, so you should be comparing quotes from both so you have a total pricing picture. There are still a few companies who do not provide rates over the internet and many times these smaller providers only sell coverage through independent agents.

When you buy auto insurance online, don’t be tempted to skimp on coverage in order to save money. There have been many cases where drivers have reduced physical damage coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. The goal is to buy a smart amount of coverage for the lowest price.

Helpful information