2018 Cadillac CTS-V Insurance Rates – 9 Policy Discounts

Looking for the cheapest auto insurance rates for your Cadillac CTS-V? Tired of scraping nickels together to pay auto insurance each month? Your situation is no different than many other drivers. Because you have many choices, it is hard for the average consumer to locate the cheapest company.

How to get auto insurance quotes

Shopping for lower auto insurance rates can be a lot of work if you don’t utilize the best way to get rate quotes. You can spend countless hours talking about coverages with agents in your area, or you could use the web to maximize your effort.

Many insurance companies belong to an insurance system that enables customers to send in one quote, and every company returns a rated price determined by their information. This prevents consumers from doing quotation requests to each company.

To find out how much you can save on auto insurance click here to open in new window.

The only downside to getting quotes like this is that you can’t choose the insurers to get quotes from. So if you prefer to pick specific insurance companies to receive pricing from, we have a listing of auto insurance companies in your area. View list of insurance companies.

Whichever way you use, be certain you are entering nearly identical information for each comparison quote. If the quotes have different coverage information you will not be able to determine the lowest rate for your Cadillac CTS-V.

Don’t overlook these nine insurance coverage discounts

Auto insurance companies do not list their entire list of discounts in a way that’s easy to find, so we took the time to find a few of the more well known and the harder-to-find credits available to lower your premiums when you buy auto insurance online.

• Anti-theft Discount – Cars and trucks that have factory anti-theft systems are stolen with less frequency and earn discounts up to 10% off your auto insurance quote.
• Bundle and Save – If you can combine your auto and homeowners policy with one insurance company you will save approximately 10% to 15%.
• Good Students Pay Less – Excelling in school can earn a discount of 20% or more. This discount can apply until age 25.
• Discounts for Cautious Drivers – Drivers who don’t get into accidents can save up to 40% or more on their auto insurance quote for CTS-V coverage than drivers with accident claims.
• Early Signing – A few insurance coverage companies offer discounts for switching to them before your current expiration date. This discount can save up to 10%.
• Home Ownership Discount – Owning a house can earn you a little savings since owning and maintaining a home requires personal responsibility.
• Distant Student – College-age children who are enrolled in higher education away from home without a vehicle on campus could qualify for this discount.
• No Claims – Drivers with accident-free driving histories can earn big discounts compared to bad drivers.
• Discounts for Multiple Vehicles – Having multiple cars or trucks with one company could earn a price break for each car.

One last thing about discounts, most discount credits are not given to the entire cost. Most only reduce individual premiums such as medical payments or collision. Just because it seems like having all the discounts means you get insurance for free, it’s just not the way it works.

A list of companies and some of the premium reductions they offer are outlined below.

• Geico has discounts for good student, federal employee, seat belt use, multi-policy, defensive driver, daytime running lights, and five-year accident-free.
• MetLife may offer discounts for defensive driver, accident-free, multi-policy, good student, and claim-free.
• Progressive has savings for online signing, multi-policy, good student, multi-vehicle, continuous coverage, and online quote discount.
• Travelers may include discounts for save driver, student away at school, home ownership, IntelliDrive, and multi-car.
• SAFECO discounts include homeowner, accident prevention training, bundle discounts, teen safe driver, anti-lock brakes, teen safety rewards, and anti-theft.
• AAA offers premium reductions for anti-theft, good student, pay-in-full, good driver, AAA membership discount, education and occupation, and multi-car.

Before purchasing a policy, check with all the companies to apply every possible discount. Some discounts may not apply in every state. To view companies with discount rates, follow this link.

When to get professional advice

When choosing the best car insurance coverage for your personal vehicles, there really is no “best” method to buy coverage. Every insured’s situation is different and a cookie cutter policy won’t apply. For example, these questions may help highlight if you would benefit from an agent’s advice.

• Is upholstery damage covered by car insurance?
• Can I pay claims out-of-pocket if I buy high deductibles?
• When should I drop full coverage on my 2018 Cadillac CTS-V?
• Can I drive in Mexico and have coverage?
• What is covered by UM/UIM coverage?
• Why am I required to buy liability insurance?
• Should I get collision insurance on every vehicle?
• When can my company non-renew my policy?
• How much liability do I need to cover my assets?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and can help protect your family.

Insurance coverages 101

Learning about specific coverages of your policy can be of help when determining the right coverages and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverages available from insurance companies.

Uninsured/Underinsured Motorist coverage – This coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and also any damage incurred to your Cadillac CTS-V.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently these coverages are similar to your liability insurance amounts.

Medical payments coverage and PIP – Med pay and PIP coverage pay for bills for things like hospital visits, ambulance fees, funeral costs and prosthetic devices. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP is not universally available and gives slightly broader coverage than med pay

Liability auto insurance – This will cover injuries or damage you cause to other people or property in an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 100/300/100 which stand for a $100,000 limit per person for injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Another option is a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers things like bail bonds, funeral expenses and court costs. How much coverage you buy is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive coverage – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as falling objects, rock chips in glass, fire damage and hitting a deer. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Collision – Collision coverage pays for damage to your CTS-V caused by collision 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 scraping a guard rail, crashing into a building and hitting a parking meter. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. It’s also possible to increase the deductible to save money on collision insurance.