Cheap 2007 Cadillac STS-V Insurance Quotes

Looking for the cheapest insurance rates for your Cadillac STS-V? Cutting costs on insurance is always a challenge for consumers not familiar with buying insurance online. Drivers have so many options available that it can be more work than you anticipated to compare prices.

Why your Cadillac STS-V insurance rates may be high

Smart consumers have a good feel for some of the elements that help determine the rates you pay for insurance. When you know what positively or negatively influences your rates allows you to make educated decisions that can help you get lower insurance prices.

The following are a few of the “ingredients” companies use to determine your rates.

  • Low deductibles can be expensive – The deductibles define the amount you are required to spend in the event of a claim. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Some examples of claims that would be covered could be running into the backend of another car, damage caused by hail, and burglary. The higher the amount the insured has to pay upfront, the bigger discount you will receive for STS-V insurance.
  • Drive a safer car and pay less – Safer cars are cheaper to insure. Safe vehicles reduce injuries and lower injury rates means less money paid by your insurance company and lower rates for you. If the Cadillac STS-V is rated at least four stars on it may be receiving lower rates.
  • Poor credit can mean higher rates – Having a bad credit rating is a large factor in determining your rates. Drivers with high credit ratings tend to file fewer claims and have better driving records than drivers who have lower credit ratings. So if your credit rating can use some improvement, you could be paying less to insure your 2007 Cadillac STS-V by improving your rating.
  • Drive less and save money – The more miles you rack up on your Cadillac in a year the higher your rate. Most insurance companies apply a rate based upon how you use the vehicle. Cars that are left in the garage receive lower rates than those used for commuting. Verify your insurance policy is showing how each vehicle is driven, because improper ratings can cost you money. If your policy improperly rates your STS-V can cost quite a bit.

How to Compare Car Insurance Costs

The are a couple different ways of comparing rate quotes from different insurance companies. The recommended way to find the cheapest 2007 Cadillac STS-V insurance rates is to use the internet to compare rates. This can be accomplished in several different ways.

  1. The most efficient way to compare a lot of rates at once is to use a rate comparison form click here to open form in new window. This easy form saves time by eliminating separate quotes to each individual car insurance company. One simple form gets you price quotes from all major companies. Just one form and you’re done.
  2. A less efficient way to get quotes online requires a trip to each individual company website to complete their respective quote request forms. For sake of this example, we’ll assume you want comparison quotes from USAA, State Farm and Allstate. You would have to visit each site to enter your coverage information, and that’s why the first method is more popular.

    For a list of links to insurance companies in your area, click here.

It doesn’t matter which method you choose, just make absolute certain that you use the exact same coverages for each comparison quote. If each company quotes higher or lower deductibles then you won’t be able to determine the lowest rate for your Cadillac STS-V. Quoting even small variations in coverage limits may cause a big price difference. And when comparing car insurance rates, know that comparing more company’s prices will improve the odds of getting the best price.

Can you really save $449 a year?

Car insurance companies such as Allstate and Progressive regularly use ads on TV and radio. They all seem to make the same claim of big savings if you move to them. But how can every company claim to save you money? It’s all in the numbers.

Different companies are able to cherry pick for the type of driver that earns them a profit. For example, a driver they prefer might be profiled as between the ages of 40 and 55, has no driving citations, and has a short commute. A customer that hits that “sweet spot” is entitled to the best price and is almost guaranteed to cut their rates substantially.

Potential customers who are not a match for this ideal profile will be charged higher prices which usually ends up with the customer not buying. Company advertisements say “people who switch” not “everyone that quotes” save money. This is how insurance companies can state the savings. That is why it is so important to get a wide range of price quotes. You cannot predict which company will fit your personal profile best.

Save money by taking advantage of these discounts

Companies don’t always publicize every available discount in a way that’s easy to find, so we researched some of the best known and also the lesser-known car insurance savings.

  • Seat Belt Usage – Buckling up and requiring all passengers to buckle their seat belts could cut 10% or more off your PIP or medical payments premium.
  • One Accident Forgiven – A few companies permit an accident before your rates go up as long as you don’t have any claims for a certain period of time.
  • Discount for Swiching Early – Select companies give a discount for switching to them prior to your current policy expiration. The savings is around 10%.
  • Multi-policy Discount – When you combine your home and auto insurance with the same insurance company you may earn approximately 10% to 15%.
  • Own a Home – Simply owning a home may trigger a car insurance policy discount because of the fact that having a home shows financial diligence.
  • Drive Less and Save – Fewer annual miles on your Cadillac could be rewarded with discounted rates on garaged vehicles.

As a disclaimer on discounts, most of the big mark downs will not be given to your bottom line cost. Most only cut individual premiums such as liability, collision or medical payments. Just because you may think it’s possible to get free car insurance, car insurance companies aren’t that generous.

To see a list of insurers offering car insurance discounts, click here to view.

When should I use an insurance agent?

When choosing proper insurance coverage, there really is not a cookie cutter policy. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that might help in determining whether you could use an agent’s help.

  • What vehicles should carry emergency assistance coverage?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • I have a DUI can I still get coverage?
  • Does insurance cover damages from a DUI accident?
  • How much can I save by bundling my policies?
  • Is extra glass coverage worth it?
  • Do I need replacement cost coverage on my 2007 Cadillac STS-V?
  • Am I covered when driving someone else’s vehicle?
  • Is there coverage for injuries to my pets?
  • When do I need to add a new car to my policy?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to an agent. To find an agent in your area, complete this form.

Car insurance specifics

Having a good grasp of your policy aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Cadillac STS-V.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses such as hospital visits, funeral costs, ambulance fees and rehabilitation expenses. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants and will also cover any family member struck as a pedestrian. PIP is not universally available and may carry a deductible

Auto liability

Liability coverage protects you from injuries or damage you cause to a person or their property. This insurance protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 that means you have $50,000 bodily injury coverage, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers claims such as legal defense fees, medical services and attorney fees. How much coverage you buy is a personal decision, but you should buy as much as you can afford.

Collision insurance

This coverage covers damage to your STS-V resulting from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things like backing into a parked car, colliding with a tree, rolling your car, driving through your garage door and hitting a mailbox. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Drivers also have the option to increase the deductible to save money on collision insurance.

Comprehensive auto coverage

This coverage will pay to fix 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 like theft, fire damage, damage from getting keyed and hitting a bird. The highest amount a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Do the work, save more money

While you’re price shopping online, never skimp on critical coverages to save a buck or two. Too many times, an insured cut collision coverage only to discover later that it was a big error on their part. Your focus should be to find the BEST coverage for the lowest price while not skimping on critical coverages.

Drivers leave their current company for any number of reasons including high rates after DUI convictions, delays in responding to claim requests, delays in paying claims and questionable increases in premium. It doesn’t matter what your reason, finding a new auto insurance company can be easier than you think.

Low-cost 2007 Cadillac STS-V insurance is attainable from both online companies and also from your neighborhood agents, and you need to comparison shop both to have the best rate selection. Some insurance providers may not provide online price quotes and these smaller companies work with independent agents.

More detailed auto insurance information is located at these sites: