Finding low-cost insurance for your Cadillac CTS-V in Texas could be a lot of work, but you can follow these tips to find lower rates. There is a right way and a wrong way to shop for auto insurance and we’ll show you the absolute fastest way to compare rates for a Cadillac and find the cheapest rates.
If you already have coverage or need new coverage, use these tips to get lower rates and still get good coverage. Finding quotes for the best-priced policy in Fort Worth is not as difficult as people think. Smart shoppers just have to use the best way to compare price quotes from many companies at once.
Getting a cheaper price on insurance is a fairly straight forward process. You just have to spend a few minutes on the computer to compare rates to find out which insurance company has the cheapest Cadillac CTS-V rate quotes.
The following companies provide comparison quotes in Texas. If several companies are displayed, we suggest you visit two to three different companies in order to find the most competitive rates.
Don’t overlook these Cadillac CTS-V insurance discounts
Car insurance is not cheap, but you might already qualify for some discounts that can drop the cost substantially. Some of these discounts will be visible when you quote, but a few must be asked about before they will apply.
- 55 and Retired – If you’re over the age of 55, you can get a small discount on rates.
- Seat Belt Discounts – Requiring all passengers to use their safety belts can save up to 15% off the personal injury premium cost.
- First Accident Forgiveness – This one is not really a discount per se, but companies like Progressive, Allstate, and GEICO allow you one accident before they charge you more for coverage so long as you are claim-free for a certain period of time.
- Defensive Driving Course – Taking a course in defensive driving can save you 5% or more depending on where you live.
- Good Student Discount – Excelling in school may save you up to 25%. Many companies even apply the discount to college students up to age 25.
- ABS Braking Discount – Cars and trucks that have anti-lock braking systems can avoid accidents and earn discounts up to 10%.
- Club Memberships – Affiliation with a civic or occupational organization in Fort Worth can get you a small discount on insurance.
- Driving Data Discount – Insureds that choose to allow their insurance company to track where and when they drive by installing a telematics device like Allstate’s Drivewise could see a rate decrease if they have good driving habits.
Policy discounts save money, but many deductions do not apply to all coverage premiums. Most only cut the cost of specific coverages such as comp or med pay. Just because you may think having all the discounts means you get insurance for free, companies wouldn’t make money that way.
The illustration below visualizes the comparison of Cadillac CTS-V annual premium costs with and without discounts applied to the policy rates. The data assumes a female driver, no claims, a clean driving record, Texas state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, claim-free, multi-car, safe-driver, and marriage discounts applied.
To see insurance companies with the best discounts in Fort Worth, click here to view.
Rates and statistics
The premium information displayed below showcases a range of insurance prices for Cadillac CTS-V models. Understanding how policy rates are calculated can be useful when making informed decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Premium costs do not factor in specific location information which can alter insurance rates considerably.
The example below demonstrates how choosing different deductibles and can influence Cadillac CTS-V insurance costs for different categories of driver ages. The information is based on a married male driver, full physical damage coverage, and no discounts are factored in.
Cost comparison with and without full coverage
The illustration below compares Cadillac CTS-V insurance prices with liability coverage only compared to full coverage. The data assumes no violations or accidents, $1,000 deductibles, single status, and no discounts are factored in.
Deciding between full coverage and liability only
There is no clear-cut formula to delete comp and collision coverage, but there is a general guideline. If the yearly cost of comp and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your Cadillac CTS-V replacement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $8,000 after you pay the deductible. If you are currently paying more than $800 annually for physical damage coverage, then it might be time to buy liability only.
There are some cases where buying only liability insurance is not a good plan. If you still have a loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not opt for liability only.
Informed Drivers Save More
Multiple criteria are used in the calculation when quoting car insurance. Some are obvious like your driving record, but some are more transparent such as whether you are married and annual miles driven. Smart consumers have a good feel for some of the factors that come into play when calculating auto insurance rates. If you have a feel for what determines premiums, this allows you to make educated decisions that will entitle you to cheaper rates.
The items below are a partial list of the pieces companies use to determine your rates.
Alarms and GPS tracking lower auto insurance rates – Selecting a car model with anti-theft technology or alarm system can get you a discount on your auto insurance. Theft deterrent systems such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack can thwart auto theft.
Driver age impacts costs – Youthful drivers in Texas are known to be less responsible when driving with friends and because of this, their auto insurance rates are much higher. More mature drivers are viewed as being more responsible, tend to file fewer claims, and get fewer tickets.
The chart below uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.
Job reflects on rates – Did you know your job can affect your rates? Occupational choices like doctors, business owners, and financial analysts usually pay higher rates than the rest of us in part from high stress levels and lots of time spent at work. Conversely, careers like actors, athletes and the unemployed pay the least.
Driving citations drive up premiums – Your driving citation history influences premium rates substantially. Drivers with clean records have lower premiums compared to drivers with tickets. Just one ticket can boost insurance rates by as much as thirty percent. Drivers who have dangerous violations like DWI, reckless driving or hit and run convictions may be required to submit a SR-22 form with the DMV in their state in order to drive a vehicle legally.
The illustration below shows how traffic citations and at-fault fender-benders influence Cadillac CTS-V yearly insurance costs for different insured age categories. The data assumes a single male driver, full physical damage coverage, $100 deductibles, and no discounts are factored in.
Maintain auto insurance coverage – Having an insurance coverage lapse will be a sure-fire way to increase your rates. Not only will rates go up, failure to provide proof of insurance can result in fines or a revoked license.
Getting married can lower prices – Walking down the aisle can actually save you money on your auto insurance bill. Marriage demonstrates that you tend to be more stable financially and it’s statistically proven that married drivers tend to have fewer serious accidents.
Claims statistics for a Cadillac CTS-V – Insurance companies use historical loss data to calculate a rate that will offset any claims. Models that historically have increased losses will have higher premium rates.
The table below outlines the insurance loss data for Cadillac CTS-V vehicles. For each policy coverage type, the claim probability for all vehicles, regardless of make, model or trim level, is considered to be 100. Percentage values below 100 indicate better than average losses, while percentages above 100 point to more claims or tendency to have higher losses.
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Cadillac CTS-V 2dr||174||74||135|
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years