2001 Cadillac Catera Insurance Rates

Want the cheapest insurance coverage rates for your Cadillac Catera? Tired of being strong-armed each month for car insurance? Your situation is no different than millions of other consumers. Insurance companies such as Allstate, Liberty Mutual and State Farm increase brand awareness with TV and radio ads and it is challenging if not impossible to see past the corporate glitz and effectively compare rates to find the best deal.

Pay less by taking advantage of discounts

Insurance can cost an arm and a leg, but there are discounts available to help bring down the price. Some discounts apply automatically at quote time, but some may not be applied and must be manually applied before being credited. If they aren’t giving you every credit you deserve, you are paying more than you should be.

  • Military Discounts – Being deployed with a military unit could be rewarded with lower premiums.
  • Early Switch Discount – A few companies offer discounts for buying a policy before your current policy expires. It’s a savings of about 10%.
  • Paperless Signup – A few companies will give a small break for buying your policy online.
  • Passive Restraints – Vehicles with factory air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.
  • Seat Belts Save – Buckling up and requiring all passengers to use their safety belts could cut 10% or more off your PIP or medical payments premium.
  • Multiple Vehicles – Insuring multiple vehicles on one policy could earn a price break for each car.
  • Homeowners Pay Less – Simply owning a home may trigger a car insurance policy discount due to the fact that maintaining a home demonstrates responsibility.
  • Safe Driver Discount – Insureds without accidents can get discounts for up to 45% lower rates for Catera coverage than drivers with accidents.

It’s important to understand that some credits don’t apply to the overall cost of the policy. Most cut the price of certain insurance coverages like medical payments or collision. Even though it may seem like all the discounts add up to a free policy, car insurance companies aren’t that generous. Any amount of discount will reduce the amount you have to pay.

Insurance companies that possibly offer these money-saving discounts may include but are not limited to:

It’s a good idea to ask all companies you are considering what discounts are available to you. Some discounts might not apply in your state.

Why you might be paying too much to insure your Cadillac Catera

Smart consumers have a good feel for the factors that help determine your auto insurance rates. When you know what positively or negatively impacts premium levels allows you to make educated decisions that could result in lower auto insurance prices.

  • Don’t let your coverage lapse – Having an insurance coverage lapse is a sure-fire way to increase your auto insurance rates. Not only will rates go up, getting caught without coverage may earn you a steep fine or even jail time.Then you may be required to file a SR-22 with your state department of motor vehicles.
  • Marriage brings a discount – Being married can get you a discount on your policy. It means you’re more mature than a single person and it’s proven that drivers who are married are more cautious.
  • Low deductibles can be expensive – Your deductibles represent how much money you are required to spend out-of-pocket before your auto insurance pays a claim. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, protects your car from damage. Some instances where coverage would apply are colliding with a building, vandalism, and windstorm damage. The higher the amount you are required to pay out-of-pocket, the less your auto insurance will be for Catera coverage.
  • Poor credit can mean higher rates – Your credit score is a large factor in determining what you pay for auto insurance. People with good credit tend to be more responsible than drivers who have lower credit ratings. If your credit score is low, you could save money insuring your 2001 Cadillac Catera by improving your credit score.
  • Do you have enough liability coverage? – Liability coverage will protect you in the event that a court rules you are at fault for causing damage or personal injury in an accident. It will provide for a legal defense starting from day one. Liability is cheap when compared with rates for comp and collision, so do not skimp.

Your coverage should be tailored to you

When buying the best car insurance coverage for your vehicles, there really is not a single plan that fits everyone. Every situation is different so your insurance needs to address that. These are some specific questions may help highlight if your insurance needs would benefit from an agent’s advice.

  • How much underlying liability do I need for an umbrella policy?
  • How can I find cheaper teen driver insurance?
  • Is a new car covered when I drive it off the dealer lot?
  • Does my 2001 Cadillac Catera qualify for pleasure use?
  • Am I covered if I break a side mirror?
  • What exactly is covered by my policy?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • What discounts do I qualify for?
  • Do I need an umbrella policy?
  • Does my policy cover my teen driver if they drive my company car?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.

Beware of misleading auto insurance ads

Consumers can’t get away from ads for the lowest price auto insurance from the likes of Progressive, Allstate and GEICO. All the companies have a common claim of big savings if you change your coverage to them.

How does each company make almost identical claims? This is how they do it.

Insurance companies can use profiling for the right customer that is profitable for them. An example of a preferred risk might be a mature driver, is a homeowner, and chooses high deductibles. A driver that hits that “sweet spot” gets the lowest rates and is almost guaranteed to save quite a bit of money when switching.

Potential insureds who don’t meet this ideal profile must pay higher rates and this can result in business going elsewhere. Company advertisements say “customers who switch” not “people who quote” save money. That’s why companies can truthfully claim big savings.

This illustrates why drivers should get as many comparisons as possible. You cannot predict which company will have the lowest Cadillac Catera insurance rates.

Parts of your insurance policy

Knowing the specifics of a insurance policy helps when choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverages found on most insurance policies.

Auto liability – This coverage can cover damage that occurs to other people or property by causing an accident. It protects you against claims from other people. It does not cover your injuries or vehicle damage.

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. You commonly see values of 100/300/100 which means $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Alternatively, you may have a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for things like legal defense fees, attorney fees, loss of income and medical services. The amount of liability coverage you purchase is your choice, but consider buying as much as you can afford.

Uninsured and underinsured coverage – This protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Comprehensive coverages – This coverage 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 coverage pays for things such as damage from a tornado or hurricane, hitting a bird, a broken windshield and fire damage. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for things like EMT expenses, dental work, doctor visits, chiropractic care and prosthetic devices. They are used to fill the gap from your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants in addition to any family member struck as a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision coverage – Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for things like hitting a mailbox, sustaining damage from a pot hole and crashing into a ditch. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible to save money on collision insurance.

Cheaper insurance is a realistic goal

We’ve covered quite a bit of information on how to reduce 2001 Cadillac Catera insurance prices online. The key concept to understand is the more you quote, the higher the chance of saving money. You may be surprised to find that the most savings is with some of the lesser-known companies. Some small companies may have significantly lower rates on certain market segments compared to the large companies like Allstate or State Farm.

Cheap insurance can be found on the web in addition to many insurance agents, and you should be comparing both in order to have the best price selection to choose from. Some insurance companies do not provide the ability to get a quote online and many times these regional insurance providers only sell through independent insurance agents.

When trying to cut insurance costs, do not skimp on coverage in order to save money. There have been many situations where an insured dropped liability coverage limits only to regret that their decision to reduce coverage ended up costing them more. The aim is to purchase a proper amount of coverage for the lowest price while not skimping on critical coverages.

More detailed car insurance information can be read in these articles: