Auto Insurance Quotes for a Cadillac CTS in Orlando

Sad but true, the vast majority of car insurance customers kept their policy with the same company for at least four years, and practically 40% of car insurance customers have never shopped around. Orlando drivers can save approximately $1,130 each year just by getting comparison quotes, but they won’t spend time to compare rates online.

If you want to save money, the best way to find cheaper prices for auto insurance rates in Orlando is to regularly compare prices from different companies who provide car insurance in Florida.

1. Gain an understanding of coverages and the factors you can control to keep rates in check. Many factors that drive up the price like speeding tickets, careless driving and poor credit history can be remedied by making small lifestyle or driving habit changes. Later in this article we will cover additional ideas to help prevent costly coverage and find more discounts that you may not know about.
2. Get rate quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from a single company like GEICO or Farmers Insurance, while independent agencies can provide rate quotes for a wide range of insurance providers.
3. Compare the new rate quotes to your existing policy and determine if cheaper CTS coverage is available. If you can save money and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
4. Tell your current agent or company to cancel your current car insurance policy. Submit the required down payment along with the signed application to the newly selected company. Be sure to place your new certificate verifying proof of insurance in an easily accessible location in your vehicle.

One tip to remember is to use the same coverage limits and deductibles on each quote and to quote with as many different companies as possible. Doing this enables a level playing field and a complete rate analysis.

If you have auto insurance now, you will most likely be able to save money using the techniques covered below. Choosing the most cost-effective auto insurance policy in Orlando is really quite simple as long as you have a good starting point. Nevertheless, Florida drivers must know how big insurance companies market insurance on the web because it can help you find the best coverage.

Companies offering affordable Cadillac CTS rates in Orlando, FL

The companies shown below are ready to provide free rate quotes in Orlando, FL. To buy cheaper car insurance in Orlando, we recommend you visit two to three different companies in order to find the cheapest rates.

Rates and other information

The premium information displayed next outlines different insurance policy prices for Cadillac CTS models. Having knowledge of how insurance prices are formulated can help guide drivers when making decisions on the best policy coverages.

Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Prices do not factor in specific Orlando garaging location which can modify rates significantly.

Physical damage deductibles: Should you raise them?

One of the more difficult decisions when buying insurance is at what level do you set your deductibles. The rates below illustrate how much more rates are between high and low physical damage deductibles. The first rate estimation uses a $100 physical damage coverage deductible and the second price grid uses a $500 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Table data does not factor in garaging location in Orlando which can affect auto insurance rates greatly.

Based on the data above, we can derive that using a $100 deductible costs roughly $35 more each month or $420 for a full year across all Cadillac CTS models than choosing the higher $500 deductible. Because you would be required to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you usually have at least 11 months between claims, you would come out ahead if you elect the higher deductible. The table below illustrates how this decision is made.

One big caveat is that raising deductibles to get cheaper rates results in having to pay to pay more out-of-pocket when you do file a claim. That will require some extra savings in the event you need to pay the deductible to have repairs made.

The example below illustrates how choosing a deductible and can raise or lower Cadillac CTS insurance prices for different ages of insureds. The price estimates are based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.

These discounts can lower your auto insurance quotes

The cost of insuring your cars can be expensive, but you can get discounts to reduce the price significantly. A few discounts will be applied when you purchase, but less common discounts must be specially asked for before being credited.

• ABS Braking Discount – Cars, trucks, and SUVs that have anti-lock braking systems are safer to drive and therefore earn up to a 10% discount.
• Student Discounts – Performing well in school could provide a savings of up to 20% or more. Many companies even apply the discount to college students up until you turn 25.
• E-sign Discounts – A handful of insurance companies will discount your bill up to fifty bucks just for signing your application digitally online.
• No Claim Discounts – Drivers with accident-free driving histories are rewarded with significantly better rates on Orlando auto insurance quote as opposed to insureds who have frequent claims or accidents.
• Bundle and Save – If you insure your home and vehicles and insure them both with the same insurance company you may save at least 10% off all policies.
• Defensive Driver Discounts – Taking time to complete a course that instructs on driving safety is a good idea and can lower rates if your company offers it.
• Safety Restraint Discount – Using a seat belt and requiring all passengers to wear their seat belts may be able to save a few bucks off the personal injury premium cost.
• One Accident Forgiven – Not a discount per se, but a handful of insurance companies allow you one accident before hitting you with a surcharge so long as you are claim-free for a specific time period.
• Anti-theft Discount – Cars optioned with advanced anti-theft systems prevent vehicle theft and will qualify for a discount on a Orlando auto insurance quote.
• Telematics Discount – Orlando drivers who agree to allow their insurance company to spy on when and where they use their vehicle remotely such as Allstate’s Drivewise and State Farm’s In-Drive system could possibly reduce rates if their driving habits are good.

Please keep in mind that most discount credits are not given to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as medical payments or collision. If you do the math and it seems like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business. Any qualifying discounts will reduce your auto insurance premiums.

The illustration below shows the difference between Cadillac CTS car insurance rates with and without discounts applied to the policy premium. The prices are based on a male driver, no claims or driving violations, Florida state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, claim-free, safe-driver, multi-car, and homeowner discounts applied.

Auto insurance companies that may offer quotes with some of the above discounts are:

• GEICO
• Travelers
• Nationwide
• Farmers Insurance
• Esurance
• State Farm
• Progressive
• Mercury Insurance

If you are trying to find low cost Orlando auto insurance quotes, ask each company or agent to apply every possible discount. Depending on the company, some discounts may not apply in your area. If you would like to see a list of insurers that provide some of the discounts listed above in Florida, click this link.

How do Insurance Companies Determine Cadillac CTS Insurance Rates?

Consumers need to have an understanding of the factors that help calculate your policy premiums. If you understand what determines base rates, this helps enable you to make changes that could help you find big savings.

Listed below are some of the items that factor into rates.

• Vehicle features impact premiums – Choosing a vehicle with a theft deterrent system can help lower your rates. Theft prevention features like GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent your vehicle from being stolen.
• Too many claims and you’ll pay more – If you’re an insured who likes to file claims you can definitely plan on increased rates or even have your policy non-renewed. Car insurance companies in Florida provide better rates to drivers who file claims infrequently. Insurance coverage is intended to be relied upon for more catastrophic claims.
• Big cities have higher prices – Being located in smaller towns and rural areas of the country can save you money if you are looking for the lowest rates. Fewer drivers and short commutes means reduced accidents and also fewer theft and vandalism claims. Urban drivers have to deal with traffic congestion and higher rates of accident claims. The longer drive time can result in more accidents.
• How credit score affects insurance rates – Credit history will be a significant factor in determining what you pay. If your credit rating could use some work, you could be paying less to insure your Cadillac CTS if you improve your credit rating. People that have excellent credit tend to be more responsible than drivers with bad credit.

• Don’t get traffic citations – Careful drivers get better rates compared to drivers with tickets. Even one speeding ticket or other violation can bump up the cost forty percent or more. Drivers who get careless violations like DUI, reckless driving or excessive speeding might be required by their state to file a SR-22 with their state DMV in order to legally drive a vehicle.

  The example below illustrates how violations and at-fault accidents raise Cadillac CTS auto insurance rates for each different age group. The premium estimates are based on a married female driver, comp and collision included, $100 deductibles, and no discounts are factored in.

• Safety first – Cars with high safety ratings can get you lower premiums. Safer cars result in less severe injuries and lower rates of occupant injuries means lower claim amounts and thus lower rates.

• Cadillac CTS claim statistics – Insurance companies use historical loss data to help determine the price you pay. Models that the data shows to have higher number or severity of losses will have higher premium rates. The table below outlines the insurance loss data for Cadillac CTS vehicles.

  For each coverage category, the claim probability for all vehicles, regardless of manufacturer or model, is considered to be 100. Values under 100 suggest a positive loss record, while values over 100 indicate frequent claims or statistically larger claims.

  
  

  Insurance Loss Ratings for Cadillac CTS Vehicles

  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	135

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Tailor your insurance coverage to you

When quoting and choosing the right insurance coverage for your vehicles, there really is not a one size fits all plan. Every insured’s situation is different.

For instance, these questions can help discover if your insurance needs could use an agent’s help.

• Is my cargo covered for damage or theft?
• Should I have a commercial auto policy?
• Do I have coverage if I rent a car in Mexico?
• When should I have rental car coverage?
• Will damage be repaired with OEM parts?
• Is business equipment covered while in my vehicle?
• What is medical payments coverage?
• Should I file a claim if it’s only slightly more than my deductible?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to a licensed agent. To find an agent in your area, take a second and complete this form.

Compare rates but buy from a neighborhood Orlando auto insurance agent

Many drivers would rather talk to an insurance agent and that is recommended in a lot of cases A nice benefit of price shopping on the web is you can get cheap rate quotes and still have a local agent.

For easy comparison, once you complete this short form, the coverage information is sent to participating agents in Orlando who will give you bids and help you find cheaper coverage. There is no need to leave your house since price quotes are sent to you directly. You can most likely find cheaper rates without a big time investment. If you need to quote rates from a specific insurance company, you would need to go to their quote page and give them your coverage information.

Deciding on an provider should include more criteria than just the quoted price. Here are some questions you might want to ask.

• Is every driver in your family covered?
• Do they carry Errors and Omissions coverage?
• Does the company use OEM repair parts?
• If you have an accident, will your rates go up?
• Can glass claims be handled at your home?
• Can they help ensure a fair claim settlement?
• Is vehicle mileage a factor when determining depreciation for repairs?
• Are they actively involved in the community?

When searching for local Orlando agents, it helps to know the two types of agencies to choose from. Car insurance policy providers are considered either independent or exclusive.

Exclusive Agencies

Agents that elect to be exclusive generally can only insure with one company such as Allstate, State Farm and Farmers Insurance. These agents are not able to compare other company’s rates so they have no alternatives for high prices. Exclusive insurance agents are usually quite knowledgeable on sales techniques which aids in selling service over price.

Below is a short list of exclusive insurance agencies in Orlando willing to provide comparison quotes.

More insurance agents

Independent Car Insurance Agents

These agents do not write with just one company so as a result can place your coverage with many different companies and help determine which has the cheapest rates. If premiums increase, an independent agent can move your coverage and you don’t have to find a new agent. When shopping rates, you will want to get some free quotes from at a minimum one independent agency to have the most options to choose from.

The following are independent agents in Orlando that can give you rate quotes.

More insurance agents

After you get answers to your satisfaction to all your questions as well as a price you’re happy with, you may have just found an insurance agency that will properly insure your vehicles.

Cheaper car insurance premiums are out there

We’ve covered many ways to compare Cadillac CTS insurance auto insurance rates in Orlando. The most important thing to understand is the more times you quote, the higher the chance of saving money. Drivers may even discover the best price on car insurance is with a company that doesn’t do a lot of advertising.

Some companies don’t offer rate quotes online and many times these regional insurance providers work with independent insurance agents. Lower-priced Cadillac CTS insurance in Orlando can be found both online and also from your neighborhood Orlando agents, and you need to price shop both so you have a total pricing picture.

As you shop your coverage around, never sacrifice coverage to reduce premiums. Too many times, drivers have reduced physical damage coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your goal should be to purchase a proper amount of coverage for the lowest price.

Other learning opportunities

• Determining Auto Insurance Rates (GEICO)
• Who Has Affordable Orlando Car Insurance Rates for Real Estate Agents? (FAQ)
• Who Has Affordable Orlando Auto Insurance Rates for Uninsured Drivers? (FAQ)
• Who Has Affordable Auto Insurance for Handicapped Drivers in Orlando? (FAQ)
• What is a Telematics Device? (Allstate)
• Avoiding Deer Collisions (Insurance Information Institute)
• What is Covered by GAP Insurance? (Allstate)