2014 Cadillac ELR Insurance Rates – 9 Tricks for Cheaper Quotes

Feeling guilty for buying an underperforming, overpriced auto insurance policy? Trust us when we tell you many consumers are in the same pinch. With so many options when it comes to auto insurance, it can be hard to locate the lowest cost auto insurance company.

Smart consumers take time to get comparison quotes every six months because prices are variable and change quite frequently. Just because you had the lowest price for ELR insurance six months ago the chances are good that you can find a lower rate quote today. Ignore everything you know about auto insurance because we’re going to demonstrate one of the quickest ways to find great coverage at a great price.

This article will teach you how car insurance quotes work and some tricks to saving. If you have car insurance now, you will be able to cut costs considerably using these methods. Drivers just need to understand the most efficient way to buy insurance on the web.

Discount insurance rates

Insuring your vehicles can cost a lot, but there’s a good chance there are discounts that many people don’t even know exist. A few discounts will automatically apply at quote time, but a few must be specifically requested prior to receiving the credit.

• Distant Student Discount – College-age children who live away from home at college and leave their car at home can be insured at a reduced rate.
• Early Payment Discounts – By paying your entire bill at once as opposed to paying monthly you may have a lower total premium amount.
• Clubs and Organizations – Being a member of qualifying clubs or civic groups may earn a discount on your next renewal.
• Early Signing – A few companies give discounts for buying a policy before your current coverage expires. It can save you around 10%.
• Save over 55 – Drivers that qualify as senior citizens may receive a discount up to 10% for ELR insurance.
• Save with More Vehicles Insured – Buying insurance for multiple cars or trucks with one company could earn a price break for each car.
• Discount for Home Ownership – Owning a home may trigger a policy discount on insurance since home ownership is proof that your finances are in order.
• Discount for Low Mileage – Driving less could earn better prices on cars that stay parked.
• Data Collection Discounts – Policyholders that allow their company to look at driving patterns by using a telematic data system such as Allstate’s Drivewise and State Farm’s In-Drive system may see discounts as long as they are good drivers.

One thing to note about discounts is that most of the big mark downs will not be given to the entire policy premium. Some only reduce the cost of specific coverages such as medical payments or collision. Despite the appearance that all those discounts means the company will pay you, it’s just not the way it works.

A few of the larger companies and a selection of discounts include:

• Farm Bureau has savings for renewal discount, multi-vehicle, driver training, 55 and retired, safe driver, and good student.
• State Farm may include discounts for Steer Clear safe driver discount, anti-theft, safe vehicle, good driver, and driver’s education.
• Progressive offers discounts for homeowner, continuous coverage, multi-vehicle, multi-policy, good student, and online signing.
• Allstate has discounts for auto/life discount, utility vehicle, premier plus, resident student, teenSMART discount, and good student.
• Nationwide may have discounts that include easy pay, anti-theft, Farm Bureau membership, business or organization, good student, family plan, and defensive driving.
• MetLife discounts include good student, claim-free, multi-policy, good driver, accident-free, defensive driver

Before buying, ask each company which discounts can lower your rates. Savings may not apply to policies in every state. To view insurance companies that offer discounts, follow this link.

Tailor your insurance coverage to you

When it comes to buying the best insurance coverage, there is no “best” method to buy coverage. Each situation is unique so your insurance should reflect that For instance, these questions could help you determine whether or not you would benefit from professional advice.

• Am I covered if I drive in a foreign country?
• What if I owe more than I can insure my car for?
• Is my ex-spouse still covered by my policy?
• Where can I find high-risk insurance?
• Am I covered when using my vehicle for business?
• Am I covered if I break a side mirror?
• Is my business laptop covered if it gets stolen from my vehicle?
• Is business property covered if stolen from my car?
• Why am I required to buy liability insurance?

If you can’t answer these questions, then you may want to think about talking to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and you can get the answers you need.

Specific coverages for a 2014 Cadillac ELR

Having a good grasp of your car insurance policy aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be confusing and coverage can change by endorsement. Below you’ll find the usual coverages available from car insurance companies.

Coverage for medical payments

Coverage for medical payments and/or PIP kick in for bills for doctor visits, hospital visits, nursing services and prosthetic devices. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Comprehensive coverages

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as damage from flooding, falling objects and damage from a tornado or hurricane. The highest amount a car insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Auto liability

Liability insurance provides protection from damages or injuries you inflict on people or other property that is your fault. It protects YOU against other people’s claims. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Another option is a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability can pay for claims such as bail bonds, legal defense fees, funeral expenses and emergency aid. How much coverage you buy is up to you, but it’s cheap coverage so purchase as much as you can afford.

Uninsured and underinsured coverage

This coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Cadillac ELR.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Auto collision coverage

Collision insurance pays for damage to your ELR resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like sideswiping another vehicle, driving through your garage door, damaging your car on a curb and scraping a guard rail. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to increase the deductible to bring the cost down.

Shop Smart and Save

A few companies may not offer rates over the internet and most of the time these small, regional companies sell through independent insurance agents. Discount 2014 Cadillac ELR insurance can be bought from both online companies and also from your neighborhood agents, and you should compare price quotes from both to have the best chance of lowering rates.

While you’re price shopping online, it’s very important that you do not reduce coverage to reduce premium. There have been many situations where consumers will sacrifice comprehensive coverage or liability limits only to discover later that saving that couple of dollars actually costed them tens of thousands. Your aim should be to buy enough coverage at a price you can afford, but do not sacrifice coverage to save money.

Other resources

• Older Driver Statistics (Insurance Information Insitute)
• Comprehensive Coverage (Liberty Mutual)
• Crash Avoidance Technologies FAQ (iihs.org)
• How Does Hitting a Deer Impact Insurance Rates? (Allstate)
• How to Avoid Staged Accidents (State Farm)
• Five Steps to Filing an Auto Insurance Claim (Insurance Information Insitute)