2014 Cadillac CTS-V Insurance Quotes – 8 Tips to Save

Searching for cheaper insurance rates for your Cadillac CTS-V? Nobody I know looks forward to paying for insurance, in particular when the cost is too high.

Insurance companies such as State Farm, Farmers Insurance, Geico and Allstate constantly blast consumers with ads and consumers find it hard to see through the cute green geckos and mayhem and effectively compare rates to find the best deal.

If you have car insurance now, you should be able to cut costs considerably using this information. Buying car insurance is not that difficult. Nevertheless, car owners need to have an understanding of how insurance companies determine prices because it can help you find the best coverage.

Cut prices on 2014 Cadillac CTS-V insurance

Companies that sell car insurance don’t always advertise all available discounts in an easy-to-find place, so we break down some of the best known and the more hidden ways to save on insurance coverage.

  • New Car Discount – Insuring a new car is cheaper due to better safety requirements for new cars.
  • More Vehicles More Savings – Insuring multiple cars or trucks on the same insurance coverage policy qualifies for this discount.
  • Discounts for Safe Drivers – Drivers who avoid accidents may receive a discount up to 45% less on CTS-V coverage than drivers with accidents.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles can reduce accidents and will save you 10% or more.
  • Pay Now and Pay Less – By paying your policy upfront instead of paying each month you can actually save on your bill.
  • 55 and Retired – Mature drivers may be able to get a small decrease in premiums on CTS-V coverage.
  • Resident Student – Youth drivers who are attending college and don’t have a car can be insured at a reduced rate.
  • Seat Belts Save – Using a seat belt and requiring all passengers to use a seat belt can save 10% or more off your PIP or medical payments premium.

It’s important to note that most discounts do not apply to your bottom line cost. Most only cut the cost of specific coverages such as collision or personal injury protection. So even though they make it sound like you would end up receiving a 100% discount, you’re out of luck.

For a list of providers offering insurance coverage discounts, click here.

Tailor your coverage to you

When buying the right insurance coverage, there really is not a cookie cutter policy. Every situation is different so your insurance should reflect that Here are some questions about coverages that may help you determine if your insurance needs will benefit from professional help.

  • Do I need motorclub coverage?
  • What can I do if my company denied a claim?
  • Can my teen driver be rated on a liability-only vehicle?
  • If my pet gets injured in an accident are they covered?
  • Should I get collision insurance on every vehicle?
  • Do I need medical payments coverage since I have good health insurance?
  • Are there companies who specialize in insuring high-risk drivers?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Am I missing any policy discounts?
  • How much liability insurance is required?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

Insurance coverage specifics

Understanding the coverages of your insurance policy helps when choosing which coverages you need and proper limits and deductibles. Insurance terms can be difficult to understand and reading a policy is terribly boring. Listed below are the normal coverages offered by insurance companies.

Liability auto insurance

Liability insurance can cover injuries or damage you cause to a person or their property. It protects YOU from claims by other people, and doesn’t 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 limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability can pay for claims such as legal defense fees, medical services, structural damage, pain and suffering and repair costs for stationary objects. How much liability coverage do you need? That is a personal decision, but you should buy as high a limit as you can afford.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your 2014 Cadillac CTS-V.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for doctor visits, chiropractic care and EMT expenses. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available and may carry a deductible

Coverage for collisions

Collision coverage will pay to fix damage to your CTS-V caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as sustaining damage from a pot hole, hitting a parking meter and colliding with a tree. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also bump up the deductible to bring the cost down.

Comprehensive auto coverage

This will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as a tree branch falling on your vehicle, rock chips in glass, vandalism, hitting a deer and hail damage. The maximum payout your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Have money to burn

In this article, we covered many tips how you can reduce 2014 Cadillac CTS-V insurance prices online. The most important thing to understand is the more you quote, the higher the chance of saving money. You may even find the biggest savings come from some of the smallest insurance companies. These smaller insurers often have lower prices on specific markets compared to the large companies like Progressive and Geico.

Cheaper insurance is available on the web and with local insurance agents, and you need to comparison shop both so you have a total pricing picture. Some insurance coverage companies do not offer you the ability to get quotes online and usually these small insurance companies provide coverage only through local independent agents.

Additional insurance coverage information can be read at these links: