How to Compare San Jose Cadillac CTS-V Insurance

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Insurance for Cadillac CTS-VTruthfully, the best way to get affordable car insurance rates is to start comparing prices regularly from different companies in San Jose.

  • Step 1: Try to comprehend how companies set rates and the changes you can make to prevent expensive coverage. Many risk factors that result in higher rates such as tickets, at-fault accidents, and poor credit rating can be controlled by making lifestyle changes or driving safer.
  • Step 2: Compare prices from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like GEICO or Allstate, while independent agents can quote rates from multiple companies.
  • Step 3: Compare the quotes to your existing policy to see if a cheaper price is available in San Jose. If you find a better price and decide to switch, verify that coverage does not lapse between policies.
  • Step 4: Give notification to your current company to cancel your current coverage. Submit the application along with any required down payment to the new insurer. As soon as you receive it, put the proof of insurance paperwork with your vehicle's registration.

A crucial key to this process is to make sure you enter identical coverage information on each quote and and to compare every insurance company. Doing this provides a fair price comparison and a complete selection of prices.

It's hard to believe, but over 70% of California drivers kept buying from the same company for more than four years, and approximately 40% of consumers have never compared rate quotes at all. Drivers in the U.S. could cut their rates by about $860 a year by just shopping around, but they just assume it's a time-consuming process to find cheap rates by getting comparison quotes.

The majority of larger companies give prices for coverage direct online. Doing online price comparisons for Cadillac CTS-V insurance in San Jose is quite simple as you simply enter your personal and coverage information as detailed in the form. When complete, the quote system automatically retrieves your credit score and driving record and quotes a price based on the data you entered. This makes it easy to compare insurance prices and it's also necessary to have as many quotes as possible if you are searching for the best car insurance rates.

In order to use this form to compare rates, compare quotes from the companies shown below. If you have a policy now, it's recommended you copy the insurance coverages as shown on your current policy. This way, you will receive rate quotes for exact coverage.

The car insurance companies shown below are ready to provide free rate quotes in San Jose, CA. If multiple companies are listed, it's highly recommended you visit two to three different companies to find the most affordable car insurance rates.

Coverage information

The table below covers estimates of coverage prices for Cadillac CTS-V models. Having a better idea how insurance premiums are calculated can help you make smart choices when comparing insurance quotes.

Cadillac CTS-V Insurance Rates in San Jose, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS-V $506 $1134 $454 $26 $136 $2,256 $188
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Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Table data does not factor in San Jose location which can increase or decrease insurance rates greatly.

Policy deductible comparison

One common question asked by San Jose drivers is where to set your physical damage deductibles. The rates below may help to illustrate the difference in cost when you select higher and lower physical damage coverage deductibles. The first pricing table uses a $100 deductible and the second price chart uses a $500 deductible.

Cadillac CTS-V insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS-V $576 $1176 $376 $22 $112 $2,287 $191
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Cadillac CTS-V insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS-V $420 $794 $376 $22 $112 $1,724 $144
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Estimates do not factor in specific location which can alter rates noticeably.

Based on this data, using a $100 deductible costs approximately $47 more each month or $564 each year than selecting the higher $500 deductible. Since you would have to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to go more than 9 months between claims, you would probably come out ahead if you decide on a higher deductible.

How to calculate deductible break even period

Average monthly premium for $100 deductibles: $191
Average monthly premium for $500 deductibles (subtract): - $144
Monthly savings from raising deductible: $47
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $47
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 9 months

One important caveat is that raising deductibles to get cheaper rates means you will have to pay more out-of-pocket when you have a claim. You should have some funds available in the event you have to pay the deductible for vehicle repair.

The example below highlights how deductible choice and can influence Cadillac CTS-V annual premium costs for each age group. The information is based on a single female driver, full coverage, and no other discounts are factored in.

Insurance rate increases from tickets or accidents

The illustration below shows how violations and accidents can raise Cadillac CTS-V auto insurance costs for different categories of driver ages. The premium estimates are based on a married male driver, full physical damage coverage, $250 deductibles, and no additional discounts are factored in.

Insurance protects more than just your car

Even though it can be expensive, insurance may be required and benefits you in several ways.

First, most states have compulsory liability insurance requirements which means you are required to carry specific minimum amounts of liability protection in order to drive the car. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.

Second, if your CTS-V has a lienholder, it's most likely the lender will make it mandatory that you have physical damage coverage to guarantee payment of the loan. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Cadillac for a lot more money and force you to pay a much higher amount than you were paying before.

Third, insurance protects both your Cadillac CTS-V and your assets. Insurance will pay for most medical and hospital costs for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.

The benefits of having insurance outweigh the cost, specifically if you ever have a liability claim. According to a 2015 survey, the average American driver is overpaying more than $855 a year so you should quote and compare rates once a year at a minimum to be sure current rates are still competitive.

Learn How to Lower Your Insurance Prices

Lots of things are used when pricing auto insurance. Some are obvious such as traffic violations, although some other factors are more obscure like your vehicle usage or how safe your car is.

The list below includes most of the major factors used by companies to determine your premiums.

  • Discounts for auto and home policies - Lots of car insurance companies afford lower prices to buyers that have more than one policy in the form of a multi-policy discount. This can amount to 10 percent or more. Even with this discount, consumers should still compare Cadillac CTS-V rates in San Jose to confirm you are receiving the best rates possible. You may still save money by buying insurance from more than one company.
  • Location can influence price - Residing in a rural area is a good thing if you are looking for the lowest rates. Less people means a lower chance of having an accident as well as less vandalism and auto theft. Drivers who live in large California cities have more aggressive driving styles and longer commutes to work. More time commuting means more chance of being in an accident.
  • Avoid coverage lapses - Driving your car without having proper coverage is against the law and you may have a hard time finding new coverage because you let your insurance coverage expire. Not only will you pay higher rates, being ticketed for driving with no insurance can result in a hefty fine and possibly a revoked license. Then you may be required to provide proof of insurance in the form of an SR-22 filing with the California DMV.
  • Your age impacts your premiums - Mature drivers tend to be more responsible, statistically cause fewer accidents, and receive fewer citations. Drivers with little experience have a tendency to be less responsible when behind the wheel and because of this, their car insurance rates are much higher.

    The following chart is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.

  • Do you work long hours in a tough occupation? - Did you know that where you work can have an impact on rates? Careers such as doctors, architects, and accountants tend to pay higher rates than average due to intense work requirements and long work hours. On the other hand, careers like actors, athletes and homemakers have lower than average premiums.
  • Cadillac CTS-V insurance loss statistics - Insurers include the past claim history for a vehicle when they calculate premium rates for each model. Models that statistically have higher prevalence or dollar amount of losses will have a higher cost to insure.

    The next table illustrates the historical insurance loss data for Cadillac CTS-V vehicles. For each type of coverage, the claim probability for all vehicles, regardless of manufacturer or model, is equal to 100. Values below 100 suggest a better than average loss history, while values that are above 100 point to more frequent losses or a tendency for claims to be larger.

    Cadillac CTS-V Insurance Loss Statistics
    Specific Cadillac Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Cadillac CTS-V 2dr 174 74 135
    BETTER
    AVERAGE
    WORSE

    Empty fields indicate not enough data collected
    Statistics from IIHS.org for 2013-2015 Model Years

Quote more to save more

Discount Cadillac CTS-V insurance in San Jose is possible both online as well as from independent agents in San Jose, so you should be comparing quotes from both so you have a total pricing picture. Some insurance companies may not provide online price quotes and these small insurance companies provide coverage only through local independent agencies.

We just covered quite a bit of information on how to reduce Cadillac CTS-V insurance premium rates online in San Jose. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. You may even find the lowest priced car insurance comes from a small mutual company. Some small companies may often insure only within specific states and give better rates as compared to the big name companies such as State Farm and Allstate.

While you're price shopping online, never skimp on critical coverages to save a buck or two. There have been many situations where an accident victim reduced liability limits or collision coverage and learned later that it was a big mistake. Your focus should be to find the BEST coverage for the lowest cost while still protecting your assets.

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