Want to know an easy way to compare more competitive Cadillac CTS insurance in Cincinnati? Have you fallen victim to an under-performing, overpriced insurance policy? It’s a common feeling and there are lots of people in the same boat.
Smart shoppers know that insurance companies don’t want you to look for a cheaper policy. People who get price comparisons will most likely move their business because of the good chance of finding coverage at a more affordable price. A survey found that people who did price comparisons regularly saved about $865 a year as compared to drivers who never compared rates.
If finding budget-friendly rates on Cadillac CTS insurance is your ultimate goal, understanding the best ways to shop for insurance can make it easier to find better rates.
How to buy affordable Cadillac CTS insurance in Cincinnati
The best way we recommend to get low-cost auto insurance rates is to regularly compare quotes from companies that sell auto insurance in Cincinnati.
- Step 1: Gain an understanding of individual coverages and the things you can change to prevent expensive coverage. Many policy risk factors that are responsible for high rates such as traffic citations, accidents, and a less-than-favorable credit score can be rectified by improving your driving habits or financial responsibility.
- Step 2: Quote rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can provide rates from one company like GEICO and Allstate, while independent agencies can quote rates for a wide range of insurance providers.
- Step 3: Compare the new rates to the premium of your current policy and determine if there is any savings. If you find a better price and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Step 4: Provide adequate notice to your current company to cancel the current policy and submit a down payment along with a signed application to your new company or agent. Once the application is submitted, put the new certificate of insurance above your visor, in the console, or in the glove compartment.
An important part of this process is to make sure you’re comparing the same deductibles and limits on every price quote and and to compare as many different companies as possible. Doing this enables a fair rate comparison and the best price selection.
Lots of insurance companies contend for your business, and because of this it can be hard to compare car insurance companies to discover the definitive best price available on Cadillac CTS insurance in Cincinnati.
Data for Cadillac CTS insurance
The premium table shown next showcases a range of insurance coverage prices for Cadillac CTS models. Learning as much as possible about how car insurance premiums are figured is important to be able to make informed decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|CTS Luxury AWD||$120||$290||$274||$16||$82||$782||$65|
|CTS Performance AWD||$120||$290||$274||$16||$82||$782||$65|
|CTS Premium AWD||$134||$290||$274||$16||$82||$796||$66|
|Get Your Own Custom Quote Go|
Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Estimates do not factor in garaging location in Cincinnati which can lower or raise price quotes greatly.
The information below shows how choosing a deductible and can affect Cadillac CTS insurance costs for different categories of driver ages. The costs are based on a married female driver, full physical damage coverage, and no discounts are factored in.
Full coverage rates compared to liability-only
The diagram below visualizes the comparison of Cadillac CTS insurance prices with full physical damage coverage compared to only buying liability only. The costs are based on a clean driving record, no claims, $100 deductibles, single status, and no additional discounts are factored in.
When to drop comp and collision
There is no exact rule of when to stop paying for physical damage coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost minus the deductible, then you may need to consider dropping full coverage.
For example, let’s pretend your Cadillac CTS settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $3,000 after paying the physical damage deductible. If premiums are more than $300 a year to have full coverage, the it may be a good time to stop paying for full coverage.
There are some cases where only buying liability is not advised. If you still owe money on your vehicle, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not remove full coverage.
Decisions You Make Can Impact Your Insurance Premiums
When buying auto insurance it’s important to understand the factors that are used to determine your policy premiums. If you understand what positively or negatively impacts your premiums, this helps enable you to make changes that could result in big savings.
Costs for men may be higher – Over the last 50 years, statistics have shown women are more cautious behind the wheel. That doesn’t necessarily mean that females are better at driving than males. Men and women are responsible for auto accidents in similar numbers, but the males cause more damage. Men also get cited for more serious violations like DWI (DUI) or reckless driving.
The diagram below compares Cadillac CTS auto insurance rates for male and female drivers. The costs are based on no tickets, no at-fault accidents, comp and collision included, $100 deductibles, marital status is single, and no additional discounts are factored in.
- Lower physical damage deductibles cost more – Physical damage protection, also known as collision and other-than-collision, protects your Cadillac from damage. Some examples of covered claims could be a dented fender, damage caused by hail, and windstorm damage. The deductibles represent how much money you are willing to pay out-of-pocket if a covered claim is submitted. The larger the amount you choose to pay out-of-pocket, the less your company will charge you for insurance.
Pay more for higher performance vehicles – The performance level of the vehicle you own makes a substantial difference in your rates. The cheapest rates are usually found on the lowest performance passenger cars, but other factors influence the final cost greatly.
The next chart assumes a married female driver age 50, full coverage with $500 deductibles, and no discounts or violations. The data compares Cadillac CTS car insurance rates compared to other models that have different performance rating factors.
- Minor frequent insurance claims are not good – If you are a frequent claim filer, you can pretty much guarantee much higher rates or policy non-renewal. Insurance companies in Ohio give lower rates to drivers that do not abuse their auto insurance. Your insurance policy is designed for claims that pose a financial burden.
Insurance is expensive for youthful drivers – Inexperience drivers are known to get distracted easily when at the wheel of a vehicle so auto insurance rates are higher. Having to add a youthful driver onto a policy can increase premiums substantially. Older, more experienced drivers tend to be more responsible, tend to cause fewer accidents, and are generally more financially stable.
The following chart uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.
Pay more by driving carelessly – Whether or not you get tickets influences premium rates substantially. Attentive drivers have lower premiums as compared to those with violations. Getting just one moving violation can bump up the cost by as much as thirty percent. Drivers who have dangerous tickets like hit and run, DWI or reckless driving convictions might be required by their state to file a SR-22 to the state department of motor vehicles in order to prevent their license from being revoked.
The illustration below shows how violations and at-fault claims can affect Cadillac CTS insurance costs for different categories of driver ages. Data assumes a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied to the premium.
- Your address can push rates up or down – Being located in smaller towns and rural areas of the country is a good thing if you are looking for the lowest rates. People who live in big cities have more traffic problems and longer commute times. Lower population means reduced accidents in addition to fewer liability claims.
- Five star safety rating saves money – Vehicles with good safety scores cost less to insure. Vehicles built for safety reduce occupant injuries and lower injury rates means your insurance company pays less which can mean better rates for you. If the Cadillac CTS scored better than four stars on Safercar.gov you may be receiving a better rate.
Claims statistics for a Cadillac CTS – Insurance companies take into consideration historical loss data for every vehicle when they set coverage costs for each model. Vehicles that historically have higher claim frequency or loss amount will have a higher cost to insure.
The table below illustrates the insurance loss data for Cadillac CTS vehicles. For each policy coverage type, the loss probability for all vehicles averaged together equals 100. Values that are under 100 imply a favorable loss record, while values over 100 indicate more frequent losses or an increased likelihood of larger losses.
Insurance Loss Ratings for Cadillac CTS Vehicles Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Cadillac CTS 4dr 2WD 123 72 118 73 Cadillac CTS 4dr 4WD 127 75 98 75 Cadillac CTS-V 2dr 174 74 135BETTERAVERAGEWORSE
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Quote. Compare. Save.
When buying insurance coverage, you should never skimp on coverage in order to save money. In many cases, an insured dropped uninsured motorist or liability limits and discovered at claim time that it was a big mistake. Your focus should be to buy the best coverage you can find at the best cost while still protecting your assets.
In this article, we presented a lot of information how to lower your Cadillac CTS insurance rates in Cincinnati. The most important thing to understand is the more price quotes you have, the better likelihood of getting the cheapest Cadillac CTS rate quotes. You may even be surprised to find that the best price on insurance is with a small local company. Smaller companies may only write in your state and offer lower car insurance rates than the large multi-state companies such as State Farm, GEICO and Nationwide.
More affordable insurance in Cincinnati is definitely available from both online companies as well as from insurance agents, and you need to price shop both to get a complete price analysis. Some insurance companies may not provide rate quotes online and usually these small, regional companies only sell through independent insurance agents.
How to buy cheaper Cadillac CTS insurance in Cincinnati
The recommended way to get low-cost auto insurance rates is to regularly compare quotes from different companies who sell insurance in Cincinnati.
- Step 1: Gain an understanding of coverages and the modifications you can make to prevent expensive coverage. Many rating criteria that increase rates such as inattentive driving and a less-than-favorable credit history can be controlled by making minor changes to your lifestyle.
- Step 2: Compare rates from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like Progressive or Farmers Insurance, while independent agencies can quote rates from multiple companies.
- Step 3: Compare the new rate quotes to your current policy to see if cheaper CTS coverage is available. If you can save some money, make sure coverage does not lapse between policies.
- Step 4: Tell your current agent or company to cancel your current policy and submit the required down payment along with the signed application to the new insurer. As soon as you have the new policy, store the certificate verifying proof of insurance above your visor, in the console, or in the glove compartment.
The key aspect of shopping around is to try to compare the same liability limits and deductibles on each price quote and and to look at as many auto insurance providers as possible. Doing this enables a level playing field and the best price selection.
For more information, feel free to visit these articles:
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- Who Has Affordable Cincinnati Auto Insurance Quotes for Uninsured Drivers? (FAQ)
- Who Has Cheap Car Insurance for Lyft Drivers in Cincinnati? (FAQ)
- Steps to Take After an Auto Accident (Insurance Information Institute)
- Frontal Crash Tests (iihs.org)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Understanding Car Crashes Video (iihs.org)