How Much Does 2016 Cadillac SRX Car Insurance Cost?

Paying for expensive Cadillac SRX insurance can overdraw your accounts and force you to make sacrifices. Comparing price quotes is an excellent way to ensure you are getting the best deal.

Due to the abundance of insurance companies to choose from, it is hard for the average consumer to locate a more affordable insurance company.

Smart consumers take time to take a look at other company’s rates before your policy renews because insurance prices change regularly. If you had the best rates on SRX coverage a year ago you will most likely find a better premium rate today. There is lot of inaccurate information about auto insurance out there, but in just a couple of minutes you can learn some great ideas on how to save money.

Affordable car insurance quotes

To get low cost car insurance quotes, there a variety of ways of comparing price quotes from companies that offer car insurance in your state. The fastest way to do a complete rate comparison is simply to get online rate quotes. This can be accomplished in a couple minutes as outlined below.

  1. The first (and easiest) way to get quotes is to use a rate comparison form like this one (opens in new window). This easy form eliminates the need for multiple quote forms for each company. One simple form will get you rate comparisons from car insurance companies with the best prices.
  2. A more time consuming way to shop for car insurance online consists of going to each company’s website and go through the quote process again. For instance, let’s assume you want to view quotes from Auto-Owners, Liberty Mutual and Allstate. To do that, you would have to go to each individual site to enter your coverage information, which can take a lot of time. To view a list of companies in your area, click here.
  3. The last way to find and compare rates is driving to different agent offices. Comparing rates online eliminates the middleman unless you want the advice and guidance of a local agent. It is possible with some companies get the lowest quotes online but have a local agent actually write the policy.

However you get your quotes, make sure you use apples-to-apples coverages for each price quote. If the quotes have higher or lower deductibles it will be very difficult to truly determine the lowest rate. Slightly different coverages may result in a large different in cost. And when comparison shopping, getting more free quotes will improve the odds of getting the best price. Some regional insurers cannot provide online rate quotes, so you should also compare rates from them as well.

Lower rate quotes by taking advantage of discounts

Insuring your vehicles can cost a lot, but you may qualify for discounts that can dramatically reduce your bill. Some of these disounts will be visible when you complete an application, but lesser-known reductions have to be asked for prior to getting the savings.

  • Braking Control Discount – Anti-lock brake equipped vehicles are much safer to drive so you can save 10 percent or more.
  • Early Payment Discounts – If you can afford to pay the entire bill instead of paying each month you can actually save on your bill.
  • Save with a New Car – Buying a new car model may earn a small discount because newer vehicles keep occupants safer.
  • Multiple Vehicles – Buying insurance for more than one vehicle on one policy can reduce the rates for all insured vehicles.
  • Auto/Home Discount – If you insure your home and vehicles and place coverage with the same company you may save up to 20% off your total premium.
  • Passenger Safety Discount – Vehicles equipped with air bags or motorized seat belts may earn rate discounts up to 30%.
  • Waiver for an Accident – This one is not really a discount per se, but a few companies such as State Farm and GEICO will turn a blind eye to one accident before your rates go up so long as you haven’t had any claims prior to being involved in the accident.
  • Discount for Life Insurance – Some companies give a discounted rate on car insurance if you buy life insurance.
  • Military Rewards – Having a family member in the military may lower your premium rates slightly.
  • 55 and Retired – Mature drivers can get a discount up to 10% on SRX coverage.

A little note about advertised discounts, many deductions do not apply the the whole policy. Some only reduce the price of certain insurance coverages like medical payments or collision. Just because you may think having all the discounts means you get insurance for free, that’s just not realistic.

Large insurance companies and some of their more popular discounts are:

  • State Farm discounts include driver’s education, Steer Clear safe driver discount, Drive Safe & Save, anti-theft, multiple policy, and passive restraint.
  • Liberty Mutual offers premium reductions for newly retired, new move discount, safety features, good student, new vehicle discount, and newly married.
  • American Family offers discounts including good student, multi-vehicle, early bird, mySafetyValet, and good driver.
  • Progressive may have discounts that include online signing, good student, homeowner, online quote discount, continuous coverage, multi-policy, and multi-vehicle.
  • Farmers Insurance may offer discounts for mature driver, youthful driver, electronic funds transfer, switch companies, early shopping, alternative fuel, and bundle discounts.
  • Auto-Owners Insurance may include discounts for safe vehicle, company car, paperless, anti-lock brakes, multi-policy, and teen driver.
  • SAFECO policyholders can earn discounts including drive less, teen safety rewards, bundle discounts, anti-theft, and multi-car.

When comparing rates, check with every insurance company to give you their best rates. Some of the discounts discussed earlier might not apply everywhere. To find companies who offer cheap insurance quotes, click here to view.

How much car insurance do I need?

When it comes to buying the right insurance coverage, there really is no cookie cutter policy. Everyone’s needs are different so your insurance needs to address that. Here are some questions about coverages that can aid in determining if your situation would benefit from professional advice.

  • Is my babysitter covered when using my vehicle?
  • What if I owe more than I can insure my car for?
  • Do I need added coverage for expensive stereo equipment?
  • Is a fancy paint job covered?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Should I waive the damage coverage when renting a car?
  • How does medical payments coverage work?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.

Car insurance coverage breakdown

Having a good grasp of your car insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Listed below are the usual coverages found on most car insurance policies.

UM/UIM Coverage – This provides protection when other motorists are uninsured or don’t have enough coverage. It can pay for 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, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Most of the time these limits are similar to your liability insurance amounts.

Collision coverages – Collision coverage pays for damage to your SRX resulting from a collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims such as colliding with another moving vehicle, crashing into a ditch, sustaining damage from a pot hole, backing into a parked car and colliding with a tree. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision – This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as damage from a tornado or hurricane, falling objects, damage from flooding and a tree branch falling on your vehicle. The maximum payout your car insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability – This coverage provides protection from damages or injuries you inflict on people or other property. It protects YOU against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Another option is one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for claims such as emergency aid, medical services and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like prosthetic devices, rehabilitation expenses, EMT expenses, surgery and X-ray expenses. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage