Truthfully, the best way to get budget auto insurance rates in San Francisco is to regularly compare price quotes from providers who provide auto insurance in California. Rate comparisons can be done by following these guidelines.
First, take a little time to learn about auto insurance and the changes you can make to prevent rate increases. Many things that result in higher prices like high-risk driving behaviors and a not-so-good credit score can be controlled by making minor changes in your lifestyle.
Second, request price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from one company like GEICO and Allstate, while agents who are independent can give you price quotes from many different companies. Compare rates
Third, compare the new rate quotes to your current policy premium to see if a cheaper price is available in San Francisco. If you can save some money, make sure there is no coverage gap between policies.
Fourth, provide written notification to your current company to cancel your current coverage. Submit a down payment and signed policy application to the newly selected company. Once coverage is bound, place your new proof of insurance paperwork with your registration paperwork.
An important bit of advice to remember is to compare identical limits and deductibles on every price quote and and to analyze every company you can. Doing this ensures a level playing field and the best price quote selection.
It’s an obvious statement that car insurance companies don’t want you quoting rates from other companies. Consumers who shop around for a cheaper policy will most likely switch car insurance companies because there is a good probability of finding a lower rate. A survey found that drivers who shopped around saved approximately $865 annually as compared to drivers who don’t regularly compare prices.
If finding the lowest price on Cadillac CTS-V insurance is your objective, then knowing how to find and compare coverages can save time and make the process easier.
Car insurance discounts help lower rates for Cadillac CTS-V insurance in San Francisco
Insuring your vehicles can cost a lot, but there could be available discounts to cut the cost considerably. Certain credits will be shown when you purchase, but lesser-known reductions have to be requested specifically prior to receiving the credit.
- Discount for Passive Restraints – Factory options such as air bags or motorized seat belts could see savings of up to 25% or more.
- Pay Now and Pay Less – If you pay your bill all at once instead of monthly or quarterly installments you can actually save on your bill.
- Low Mileage – Low annual miles can earn substantially lower premium rates.
- No Accidents – Insureds who avoid accidents and claims are rewarded with significantly better rates on San Francisco car insurance quote as opposed to accident-prone drivers.
- Cautious Driver Discounts – Drivers who don’t get into accidents may save up to 50% more than drivers with accidents.
- Anti-lock Brake System – Cars that have steering control and anti-lock brakes have fewer accidents so you can save 10 percent or more.
It’s important to note that most discount credits are not given to the entire policy premium. Some only apply to the cost of specific coverages such as comp or med pay. Even though it may seem like having all the discounts means you get insurance for free, it’s just not the way it works.
The diagram below illustrates the comparison of Cadillac CTS-V insurance costs with and without discounts being applied to the rates. The price estimates are based on a female driver, no violations or claims, California state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, multi-car, safe-driver, marriage, and homeowner discounts applied.
A few companies that may offer these money-saving discounts possibly include:
When getting free San Francisco car insurance quotes, it’s a good idea to every company which discounts can lower your rates. Savings may not apply to policies in your area. To find providers offering car insurance discounts in California, click here.
The companies shown below are our best choices to provide comparison quotes in San Francisco, CA. If several companies are displayed, we recommend you compare several of them to find the cheapest car insurance rates.
Data for Cadillac CTS-V insurance
The coverage information shown below covers a range of insurance policy prices for Cadillac CTS-V models. Having a better idea how policy rates are formulated can help customers make smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CTS-V | $354 | $762 | $508 | $30 | $152 | $1,806 | $151 |
| Get Your Own Custom Quote Go | |||||||
Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Premium amounts do not factor in San Francisco location which can change insurance rates significantly.
Analysis of deductible levels
One of the more difficult decisions when buying car insurance is where to set your physical damage deductibles. The premium rates below summarize how much more you’ll pay when you choose different insurance deductibles. The first rate comparisons uses a $100 deductible and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CTS-V | $576 | $1176 | $376 | $22 | $112 | $2,287 | $191 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CTS-V | $320 | $620 | $376 | $22 | $112 | $1,450 | $121 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Price estimates do not factor in zip code location which can impact insurance rates noticeably.
Based on the above data, using a $100 deductible would cost the average driver about $70 more each month or $840 for a full year across all Cadillac CTS-V models than opting for the higher $1,000 deductible. Since you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 13 months between claim filings, you would most likely save money if you choose the higher deductible.
Annual premiums for males compared to females
The illustration below compares Cadillac CTS-V insurance premiums for male and female drivers. The costs are based on no violations or accidents, full physical damage coverage, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.
Difference between full coverage and liability only rates
The illustration below illustrates the comparison of Cadillac CTS-V insurance rates when comparing full coverage to state minimum liability only. The information is based on no accidents or driving violations, $100 deductibles, single marital status, and no additional discounts are factored in.
When to stop buying comprehensive and collision coverage
There is no clear-cut formula for dropping physical damage insurance, but there is a general guideline. If the yearly cost of full coverage is 10% or more of the settlement you would receive from your company, then you may want to consider only buying liability coverage.
For example, let’s pretend your Cadillac CTS-V replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $4,000 after the deductible is paid. If you are paying over $400 annually to have full coverage, then it might be time to buy liability only.
There are some circumstances where eliminating full coverage is not a good plan. If you still have a loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not opt for liability only.
Insurance Price Influencing Factors
An important part of buying insurance is that you know the different types of things that are used to determine the rates you pay for insurance. If you have some idea of what determines base rates, this enables informed choices that can earn you lower premium levels. Many factors are used when pricing auto insurance. Some factors are common sense such as traffic violations, but other criteria are not quite as obvious such as your credit history or how financially stable you are.
Annual mileage impacts costs – The more miles you rack up on your Cadillac every year the more you’ll pay to insure it. Most companies price each vehicle’s coverage based upon how much you drive. Autos that sit idle most of the time qualify for better rates as compared to vehicles used primarily for driving to work. Having an incorrect usage rating on your CTS-V can cost quite a bit. Double check that your policy properly reflects the proper vehicle usage.
Lower performance equals lower insurance rates – The type of car or truck you need insurance for makes a substantial difference in your rates. Small economy passenger models generally have the cheapest insurance rates, but the cost you end up paying is determined by many additional factors.
The data below uses these variables: married female driver age 40, full coverage with $100 deductibles, and no discounts or violations. The data compares Cadillac CTS-V policy rates compared to other makes and models that have different performance risks.
Prices are affected by your address – Residing in areas with lower population can be a good thing when buying insurance. People who live in big cities have traffic congestion and much longer commute distances. Fewer drivers and short commutes means reduced accidents as well as less vandalism and auto theft.
Lower stress equals lower rates – Occupations such as fire fighters, air traffic controllers, and medical professionals generally pay higher rates than average because of intense work situations and lots of time spent away from family. On the flip side, careers like professors, athletes and retirees have lower than average premiums.
Cadillac CTS-V claim probability – Companies study historical loss data to help set a rate to offset losses. Vehicles that the data determines to have high amounts or severity of claims will have a higher cost to insure. The table below outlines the historical insurance loss data for Cadillac CTS-V vehicles.
For each policy coverage, the statistical loss for all vehicles, as an average, is represented as 100. Percentages below 100 suggest a positive loss record, while numbers shown that are more than 100 show a trend for more claims or a tendency for losses to be larger than average.
| Vehicle 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
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Which is the best insurance?
Always remember that when buying insurance from an agent or online, there really is not a perfect coverage plan. Every situation is different so this has to be addressed. These are some specific questions can aid in determining if your situation would benefit from an agent’s advice.
- What are the liability requirements in my state?
- Do I need special coverage while pulling a rented trailer?
- Should I buy additional glass protection?
- Does coverage extend to my business vehicle?
- Is a blown tire covered by insurance?
- Is a new car covered when I drive it off the dealer lot?
- When should I not file a claim?
- Does medical payments coverage apply to all occupants?
If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier It’s fast, free and you can get the answers you need.
Auto insurance agents can give valuable advice
Some consumers would prefer to talk to a local agent and that can be a smart move Good insurance agents can help you choose the best coverages and help file insurance claims. One of the best bonuses of getting online price quotes is you can get cheaper premium rates but still work with a licensed agent.
After filling out this simple form, your coverage information is immediately sent to insurance agents in San Francisco who will return price quotes and help you find cheaper coverage. There is no need to contact any agents as quotes are delivered directly to you. If you wish to quote rates from a specific car insurance provider, don’t hesitate to visit that company’s website and fill out their quote form.
Finding a good insurance company is decision based upon more than just a cheap price. Before buying a policy in San Francisco, get answers to these questions.
- Are there any extra charges for paying monthly?
- How will an accident affect your rates?
- Does the agent recommend any additional coverage?
- Are they involved in claim handling?
- What companies can they write with?
After receiving satisfactory answers to your questions as well as cheap CTS-V insurance quotes, you have narrowed it down to an provider that meets the requirements to service your policy. Just be aware that you can always cancel a policy whenever you want so never feel you are locked into any specific company for any length of time.
Auto insurance does more than just repair your car
Despite the high insurance cost for a Cadillac CTS-V in San Francisco, buying auto insurance is required for several reasons.
- The majority of states have mandatory liability insurance requirements which means you are required to carry a minimum amount of liability in order to drive the car legally. 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.
- If your Cadillac has a lienholder, most lenders will stipulate that you carry insurance to guarantee payment of the loan. If you let the policy lapse, the bank will be required to insure your Cadillac for a much higher rate and force you to pay for the much more expensive policy.
- Auto insurance protects not only your vehicle but also your financial assets. It also can pay for medical bills incurred in an accident. Liability insurance also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If damage is caused by hail or an accident, comprehensive and collision coverage will pay to have it repaired.
The benefits of having auto insurance greatly outweigh the cost, specifically if you ever have a liability claim. As of last year, the average driver in California overpays more than $865 each year so compare rate quotes at every renewal to make sure the price is not too high.
Keep this in mind when shopping around
Throughout this article, we presented some good ideas how you can lower your Cadillac CTS-V insurance rates in San Francisco. The key thing to remember is the more companies you get car insurance rates for, the higher your chance of finding low cost San Francisco car insurance quotes. You may even be surprised to find that the most savings is with a small local company. Some small companies may cover specific market segments cheaper than their larger competitors like Allstate and Progressive.
When trying to cut insurance costs, make sure you don’t buy poor coverage just to save money. Too many times, drivers have reduced liability coverage limits only to regret that it was a big mistake. Your focus should be to buy enough coverage at the best price.
Additional resources
- What are my Rights when Filing a Claim? (Insurance Information Institute)
- Who Has the Cheapest Car Insurance Rates for a Toyota Tacoma in San Francisco? (FAQ)
- Who Has Affordable San Francisco Auto Insurance for a Ford F-150? (FAQ)
- How Much is Auto Insurance for a Dodge Grand Caravan in San Francisco? (FAQ)
- Who Has the Cheapest Car Insurance for a Nissan Altima in San Francisco? (FAQ)
- Who Has Affordable San Francisco Car Insurance Quotes for Unemployed Drivers? (FAQ)
- Older Driver Statistics (Insurance Information Institute)
- Side Impact Crash Tests (iihs.org)
- Insuring a Leased Car (Insurance Information Institute)