Cheaper 2008 Cadillac STS-V Insurance Quotes

Want cheaper car insurance rates for your Cadillac STS-V? No one enjoys paying for car insurance, particularly when the cost is too high. Popular companies such as GEICO and Progressive constantly bombard you with ads and it can be hard to separate fact from fiction and find the best price available.

It’s a good habit to price shop coverage periodically since rates are constantly changing. Even if you think you had the best rates for STS-V coverage a year ago other companies may now be cheaper. Forget anything you know (or think you know) about car insurance because we’re going to demonstrate how to quote online to properly buy coverages while reducing your premium.

Factors that can influence insurance rates for a Cadillac STS-V

It’s important that you understand the different types of things that help determine the price you pay for car insurance. Knowing what impacts premium levels empowers consumers to make smart changes that can help you get big savings.

The following are some of the factors used by your company to calculate your rates.

  • Do you need the policy add-ons? – There are quite a few additional coverages that you can get tricked into buying if you aren’t careful. Things like roadside assistance, accidental death and motor club memberships are some examples. They may seem good initially, but if you don’t need them remove them from your policy.
  • More than one policy can earn a discount – Most companies will award you with lower prices to policyholders who consolidate policies with them in the form of a multi-policy discount. If you currently are using one company, it’s still a good idea to shop around to confirm you are receiving the best rates possible.
  • Tickets mean higher rates – Your driving citation history has a lot to do with how much you pay for insurance. Drivers who don’t get tickets get better rates than their less careful counterparts. Even one speeding ticket can bump up the cost forty percent or more. Drivers who have dangerous citations such as DUI or reckless driving may need to submit a SR-22 form with their state motor vehicle department in order to prevent a license revocation.
  • Choose a safe vehicle and save – Cars with high safety ratings tend to have better insurance rates. Safe vehicles result in less severe injuries and any reduction in injury severity means less money paid by your insurance company passed on to you as lower rates. If your Cadillac STS-V is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.

Comparison of Car Insurance

There are multiple methods to compare 2008 Cadillac STS-V car insurance prices but some are easier and takes less work. You can waste a lot of time talking about coverages with local insurance agents in your area, or you can stay home and use the internet to quickly compare rates.

All the larger companies belong to an insurance system that enables customers to submit their information once, and each company provides a quote based on the submitted data. This prevents consumers from doing repetitive form submissions to each company.

To submit your quote information now, click here to open in new window.

The one downside to using this type of form is you cannot specify which providers you want to price. So if you want to choose from a list of companies to compare prices, we have a listing of low cost car insurance companies in your area. Click here for list of insurance companies.

Which method you use is up to you, but make darn sure you compare identical coverage information for every quote you compare. If you use different limits and deductibles on each one you will not be able to determine which rate is truly the best.

Drivers who switch save $384 a year? Really?

Consumers can’t ignore all the ads for the lowest price auto insurance by companies like 21st Century, Allstate and State Farm. All the companies make an identical promise that you’ll save big if you change to them.

How can each company make the same claim?

Different companies have a preferred profile for the right customer they prefer to insure. For example, a driver they prefer might be profiled as between the ages of 40 and 55, has no driving citations, and drives less than 7,500 miles a year. A customer getting a price quote who fits that profile will get very good rates and as a result will probably save when switching.

Consumers who fall outside these standards will be charged higher prices and ends up with the driver buying from a lower-cost company. Company advertisements say “drivers who switch” not “everyone that quotes” save that much money. That is how companies can truthfully advertise the savings. That is why it is so important to get as many quotes as possible. You cannot predict which auto insurance company will provide you with the cheapest Cadillac STS-V insurance rates.

Best discounts on 2008 Cadillac STS-V coverage

Companies offering auto insurance don’t necessarily list every discount in a way that’s easy to find, so we researched some of the best known and the more hidden insurance coverage savings. If you aren’t receiving every discount you deserve, you are paying more than you should be.

  • Discount for Good Grades – Performing well in school can earn a discount of 20% or more. The good student discount can last well after school through age 25.
  • Resident Student – Youth drivers who attend school more than 100 miles from home and do not have a car can receive lower rates.
  • Pay Upfront and Save – If paying your policy premium upfront rather than paying monthly you could save 5% or more.
  • Multiple Cars – Buying coverage for all your vehicles with the same company may reduce the rate for each vehicle.
  • Employee of Federal Government – Being employed by or retired from a federal job could cut as much as 10% off for STS-V coverage with select insurance companies.
  • Passive Restraints and Air Bags – Factory air bags may earn rate discounts of up to 25% or more.

Keep in mind that many deductions do not apply to all coverage premiums. Some only apply to the price of certain insurance coverages like liability and collision coverage. Just because you may think all those discounts means the company will pay you, it just doesn’t work that way.

A partial list of companies that possibly offer some of the above discounts include:

Before buying, ask all companies you are considering which discounts they offer. All car insurance discounts might not be offered in your area.

Tailor your coverage to you

When buying the best insurance coverage coverage for your vehicles, there isn’t really a “perfect” insurance plan. Everyone’s situation is a little different so this has to be addressed. These are some specific questions might help in determining whether you may require specific advice.

  • Can I rate high risk drivers on liability-only vehicles?
  • Are my friends covered when driving my 2008 Cadillac STS-V?
  • Am I covered if my car is in a flood?
  • Does coverage extend to Mexico or Canada?
  • Am I insured when driving a different vehicle?
  • At what point should I drop full coverage?
  • Should I have a commercial auto policy?
  • Do I need an umbrella policy?

If you can’t answer these questions, you may need to chat with a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Insurance coverages and their meanings

Understanding the coverages of a insurance policy aids in choosing the best coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find the normal coverages offered by insurance companies.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your Cadillac STS-V.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Medical payments and PIP coverage

Med pay and PIP coverage pay for bills like ambulance fees, nursing services and funeral costs. They are used to fill the gap from your health insurance plan or if you do not have health coverage. They cover all vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Auto liability

Liability insurance can cover damage or injury you incur to other people or property. This insurance protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability insurance covers claims like bail bonds, court costs, loss of income and repair bills for other people’s vehicles. How much coverage you buy is a decision to put some thought into, but buy higher limits if possible.

Comprehensive auto coverage

This will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like hail damage, vandalism, damage from getting keyed and damage from a tornado or hurricane. The maximum amount your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision insurance

Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like hitting a parking meter, scraping a guard rail, driving through your garage door, sideswiping another vehicle and damaging your car on a curb. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to bring the cost down.

Pennies from heaven

In this article, we presented some good ideas how you can save on 2008 Cadillac STS-V insurance. It’s most important to understand that the more rate quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the best prices are with a company that doesn’t do a lot of advertising. Some small companies often have lower prices on specific markets than the large multi-state companies such as Progressive and GEICO.

Cost effective insurance is available from both online companies as well as from independent agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance companies don’t offer you the ability to get quotes online and usually these regional insurance providers provide coverage only through local independent agents.

To learn more, link through to the articles below: