Lower Your 2008 Cadillac XLR-V Car Insurance Rates

Are you tired of scraping nickels together each month for car insurance? Your situation is no different than most other consumers.

Having so many insurance companies to choose from, it can be hard to locate the right insurance company.

Consumers should take time to compare rates yearly due to the fact that insurance rates are rarely the same from one policy term to another. Even if you got the lowest premium rates on XLR-V coverage at your last renewal a different company probably has better prices today. There are lots of tips to save on car insurance on the internet, but in this article, you’re going to get some solid techniques on how to lower your car insurance bill.

The purpose of this post is to teach you the best way to quote coverages and some tips to save money. If you have car insurance now, you will be able to save some money using these techniques. But drivers can benefit from knowing how companies determine prices and use this information to your advantage.

Find discounts on car insurance

Companies that sell car insurance don’t list every disount available very clearly, so the below list has a few of the more well known as well as some of the hidden discounts you could be receiving when you buy insurance online.

• Resident Student – who live away from home to go to college and won’t have access to an insured vehicle could get you a discount.
• Lower Rates for Military – Being on active duty in the military could mean lower car insurance rates.
• Full Payment Discount – If you pay your entire premium ahead of time instead of making monthly payments you may reduce your total bill.
• Drivers Ed for Students – Require your teen driver to take driver’s ed class in school.
• Discounts for Seat Belt Usage – Drivers who require all vehicle occupants to wear their seat belts can save up to 15% on the medical payments or PIP coverage costs.
• Discounts for Responsible Drivers – Accident-free drivers could pay up to 40% less on XLR-V coverage than drivers with accidents.
• Discount for New Cars – Adding a new car to your policy can be considerably cheaper due to better safety requirements for new model year vehicles.

One thing to note about discounts is that most discount credits are not given to your bottom line cost. A few only apply to the cost of specific coverages such as liability, collision or medical payments. Just because it seems like adding up those discounts means a free policy, that’s just not realistic.

If you would like to choose from a list of insurance companies with the best discounts, click this link.

The best way we recommend to get rate comparisons takes advantage of the fact all the major auto insurance companies participate in a system to compare rate quotes. All you need to do is provide a little information including whether or not you need a SR-22, if you have a valid license, if you’re married, and if you went to college. The rating information is instantly submitted to all major companies and they provide comparison quotes instantly.

Tailor your insurance coverage to you

When choosing coverage for your vehicles, there is no cookie cutter policy. Each situation is unique and a cookie cutter policy won’t apply. These are some specific questions can aid in determining if you could use an agent’s help.

• Will I be non-renewed for getting a DUI or other conviction?
• How does medical payments coverage work?
• How much underlying liability do I need for an umbrella policy?
• Why do I only qualify for high-risk insurance?
• Which is better, split liability limits or combined limits?
• Is borrowed equipment or tools covered if stolen or damaged?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

The coverage is in the details

Knowing the specifics of your car insurance policy can be of help when determining which coverages you need and proper limits and deductibles. Car insurance terms can be confusing and nobody wants to actually read their policy. Below you’ll find typical coverages found on most car insurance policies.

Uninsured and underinsured coverage

This coverage gives you protection when other motorists either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and damage to your Cadillac XLR-V.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Usually these limits are identical to your policy’s liability coverage.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance kick in for expenses such as X-ray expenses, EMT expenses, pain medications, surgery and hospital visits. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Comprehensive coverages

This coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for claims such as hitting a bird, rock chips in glass, a tree branch falling on your vehicle and a broken windshield. The maximum amount your car insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision insurance

This covers damage to your XLR-V from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision insurance covers claims such as sideswiping another vehicle, rolling your car, driving through your garage door and hitting a parking meter. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. You can also raise the deductible in order to get cheaper collision rates.

Liability coverage

This coverage will cover damage or injury you incur to people or other property in an accident. It protects YOU from legal claims by others. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 100/300/100 that means you have a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Some companies may use a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability insurance covers claims such as medical expenses, bail bonds, pain and suffering and loss of income. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

Shop. Compare. Save.

We just showed you some good ideas how to reduce 2008 Cadillac XLR-V insurance premium rates online. The key thing to remember is the more price quotes you have, the better chance you’ll have of finding cheap insurance. Consumers may even find the lowest priced auto insurance comes from the least-expected company. These smaller insurers may cover specific market segments cheaper compared to the large companies like State Farm or Progressive.

The cheapest 2008 Cadillac XLR-V insurance can be purchased both online in addition to many insurance agents, and you should compare rates from both in order to have the best price selection to choose from. Some insurance companies may not have online quoting and many times these small insurance companies sell through local independent agencies.

For more information, feel free to browse the articles below:

• Drunk Driving Statistics (Insurance Information Insitute)
• Tools for Teen Driving Safety (State Farm)
• Your Car has been Stolen: Now What? (Allstate)
• Safe Vehicles for Teens (iihs.org)
• Car Insurance: When not to Skimp (BankRate.com)