Finding low cost Cadillac CTS insurance in San Francisco could be kind of frustrating for drivers new to online comparison shopping. You have so many choices that it can easily turn into a real hassle to find better prices on Cadillac CTS insurance.
Remarkably, a study showed that nearly 70% of drivers have remained with the same insurance company for over three years, and practically 40% of insurance customers have never compared insurance rates at all. With the average premium in California being $1,390, drivers could pocket $469 a year, but they don’t understand how simple it is to do a rate comparison.
If you have insurance now, you will be able to buy cheaper auto insurance using these techniques. The intent of this article is to familiarize you with how car insurance companies work and how you can save the most money. But California drivers do need to understand how big insurance companies market on the web.
When shopping for low cost San Francisco auto insurance quotes, there are a couple of ways of comparing rates from different San Francisco insurance companies. The easiest way to find the lowest rates consists of obtaining rate quotes online. Just remember that getting more free quotes increases the chance that you will find lower pricing.
The companies shown below are our best choices to provide price comparisons in San Francisco, CA. If multiple companies are shown, we suggest you get prices from several of them in order to get a fair rate comparison.
Do you qualify for discounts on Cadillac CTS insurance in San Francisco?
Companies that sell car insurance don’t necessarily list every possible discount in a way that’s easy to find, so the list below details some of the best known in addition to some of the lesser obvious credits available to bring down your rates.
- Anti-lock Brake Discount – Cars with anti-lock braking systems prevent accidents and the ABS can save up to 10%.
- E-sign – Many insurance companies will give you a small discount shop San Francisco auto insurance on the internet.
- Drive Less and Save – Low mileage vehicles may enable drivers to earn lower premium rates due to less chance of an accident.
- Distant College Student Discount – Youth drivers who are enrolled in a college that is more than 100 miles from San Francisco and do not have access to a covered vehicle may be able to be covered for less.
- Multiple Vehicles – Buying a policy with multiple vehicles with the same insurance company can reduce the rates for all insured vehicles.
Drivers should understand that most discount credits are not given to the entire policy premium. Most only reduce the cost of specific coverages such as collision or personal injury protection. So when the math indicates having all the discounts means you get insurance for free, companies wouldn’t make money that way.
The example below visualizes the comparison of Cadillac CTS insurance premiums with and without discounts applied to the rates. The price estimates are based on a female driver, no tickets, no at-fault accidents, California state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, marriage, multi-policy, homeowner, and multi-car discounts applied.
A list of companies and a selection of discounts are outlined below.
- State Farm offers discounts for Drive Safe & Save, driver’s education, student away at school, anti-theft, and defensive driving training.
- American Family policyholders can earn discounts including bundled insurance, defensive driver, TimeAway discount, early bird, multi-vehicle, accident-free, and air bags.
- AAA has discounts for multi-car, multi-policy, education and occupation, good student, anti-theft, pay-in-full, and good driver.
- GEICO may include discounts for air bags, anti-lock brakes, five-year accident-free, federal employee, military active duty, emergency military deployment, and seat belt use.
- Mercury Insurance may offer discounts for good driver, accident-free, age of vehicle, professional/association, and good student.
- Farmers Insurance may have discounts that include switch companies, electronic funds transfer, distant student, teen driver, and multi-car.
- Progressive offers premium reductions for multi-vehicle, homeowner, good student, online signing, and multi-policy.
If you are trying to find cheaper San Francisco auto insurance quotes, ask each insurance company how you can save money. A few discounts might not be offered in every state.
Cadillac CTS insurance analysis
The data table displayed below showcases detailed analysis of insurance prices for Cadillac CTS models. Having knowledge of how insurance policy premiums are figured can assist in making smart choices when buying a car insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|CTS Luxury AWD||$332||$764||$464||$28||$138||$1,726||$144|
|CTS Performance AWD||$332||$764||$464||$28||$138||$1,726||$144|
|CTS Premium AWD||$370||$764||$464||$28||$138||$1,764||$147|
|Get Your Own Custom Quote Go|
Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Table data does not factor in vehicle location which can affect rates noticeably.
The example below demonstrates how choosing different deductibles and can change Cadillac CTS premium costs for different categories of driver ages. Data assumes a married male driver, comp and collision included, and no discounts are factored in.
Impact of speeding/accidents on insurance rates
The diagram below illustrates how violations and accidents can raise Cadillac CTS auto insurance costs for different insured age categories. The premium estimates are based on a married female driver, full physical damage coverage, $500 deductibles, and no discounts are taken into consideration.
Do I need an agent?
Some people just prefer to buy from a local agent and often times that is recommended The biggest benefit of getting online price quotes is that drivers can save money and get cheap auto insurance quotes but still work with a licensed agent.
Upon completion of this short form, your information is instantly submitted to agents in your area who can give free rate quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to do any legwork because quoted prices will be sent to you. You can find better rates AND an agent nearby. If for some reason you want to compare prices from a specific insurance company, you can always search and find their rate quote page and fill out the quote form the provide.
Finding a good insurer is decision based upon more than just the quoted price. Any agent in San Francisco should be forthright in answering these questions:
- Does the quote include credit and driving reports?
- Where are claims handled?
- If they are an independent agency in San Francisco, which companies do they recommend?
- Can you contact them at any time?
- How would your car be valued if totaled?
- Does the company allow you to choose your own collision repair facility?
- What kind of financial rating does the company have?
- Can they provide you with a list of referrals?
You Can Change Your Insurance Costs
Lots of things are used when you quote your car insurance policy. Some factors are common sense such as traffic violations, but others are more transparent like where you live or your vehicle rating.
Listed below are some of the most rate-impacting factors used by insurance companies to determine your prices.
- Insure car and home with the same company – Lots of insurance companies give better rates to buyers that buy multiple policies in the form of a multi-policy discount. The discount can add up to five, ten or even twenty percent. Even though this discount sounds good, consumers should still check prices from other companies to make sure you are getting the best deal.
What type of car, truck or SUV do you drive? – The performance of the car or truck you are trying to find cheaper insurance for makes a significant difference in how high your rates are. The lowest base rates are generally reserved for the lowest performance passenger models, but the cost you end up paying is determined by many additional factors.
The next chart uses these variables: single male driver age 50, full coverage with $1000 deductibles, and no discounts or violations. The data compares Cadillac CTS insurance premiums compared to other models that have a range of risk factors.
- Comp and collision deductibles are a factor – Physical damage insurance, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your Cadillac. Some examples of claims that would be covered are collision with another vehicle, vandalism, and having your car stolen. Comp and collision deductibles are the amount of money you are willing to pay out-of-pocket if a covered claim is submitted. The more you choose to pay out-of-pocket, the less money you will pay for auto insurance.
- Your address can push rates up or down – Residing in a rural area is a positive aspect if you are looking for the lowest rates. Drivers in populated areas tend to have more auto accidents and much longer commute distances. Fewer drivers means a lower chance of having an accident in addition to lower liability claims.
- Alarms and GPS tracking lowers prices – Choosing to buy a car with advanced anti-theft systems can help lower your premiums. Anti-theft devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart your vehicle from being stolen.
Are you male or female? – Statistics show women are more cautious behind the wheel. However, this does not mean males are worse at driving than females. Men and women cause at-fault accidents at a similar rate, but the men cause more damage and cost insurance companies more money. Not only are claims higher, but men get ticketed for serious violations such as reckless driving. Young men ages 16 to 20 generally have the highest accident percentage so they pay the highest premiums.
The chart below illustrates the difference between Cadillac CTS insurance prices for male and female drivers. The rates are based on no accidents, no driving violations, full coverage, $1,000 deductibles, single marital status, and no policy discounts are applied.
Cadillac CTS claim statistics – Auto insurance companies analyze historical claim data to determine a price that will be profitable for them. Vehicles that the statistics show to have higher claim amounts or frequency will cost more for specific coverages. The next table shows the historical loss data for Cadillac CTS vehicles.
For each type of coverage, the loss probability for all vehicles, as an average, is equal to 100. Values below 100 are indicative of better than average losses, while numbers above 100 show a trend for more 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 135BETTERAVERAGEWORSE
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Car insurance is not optional in California
Even though it’s not necessarily cheap to insure a Cadillac in San Francisco, car insurance may be required and benefits you in several ways.
- The majority of states have compulsory liability insurance requirements which means the state requires a minimum amount of liability if you drive a vehicle. 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 banks will make it mandatory that you buy insurance to guarantee loan repayment. If you cancel or allow the policy to lapse, the bank may insure your Cadillac for a much higher rate and force you to pay for the much more expensive policy.
- Car insurance protects not only your car but also your assets. Insurance will pay for all forms of medical expenses for you, any passengers, and anyone injured in an accident. Liability insurance also pays expenses related to your legal defense in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, your policy will pay to restore your vehicle to like-new condition.
The benefits of carrying adequate insurance more than offset the price you pay, especially when you need to use it. On average, a vehicle owner in San Francisco is currently overpaying as much as $850 per year so shop around once a year at a minimum to make sure the price is not too high.
Persistence is the key to cheaper rates
As you quote San Francisco auto insurance, it’s a bad idea to skimp on critical coverages to save a buck or two. There are a lot of situations where someone sacrificed physical damage coverage and discovered at claim time that they should have had better coverage. The proper strategy is to get the best coverage possible for the lowest cost and still be able to protect your assets.
Consumers switch companies for a variety of reasons including delays in paying claims, delays in responding to claim requests, extreme rates for teen drivers or being labeled a high risk driver. It doesn’t matter what your reason, finding a great new company can be pretty painless.
The cheapest Cadillac CTS insurance in San Francisco can be sourced online and with local San Francisco insurance agents, so you need to shop San Francisco auto insurance with both to have the best rate selection. Some insurance companies may not have price quotes online and usually these regional insurance providers prefer to sell through independent agents.
Steps to finding discount Cadillac CTS insurance in San Francisco
If saving the most money is your goal, then the best way to find better pricing on Cadillac CTS insurance in San Francisco is to start comparing prices regularly from insurance carriers in California. Rate comparisons can be done by completing these steps.
First, read about policy coverages and the modifications you can make to lower rates. Many risk factors that are responsible for high rates like speeding and an unfavorable credit rating can be amended by making minor changes to your lifestyle.
Second, obtain price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can provide rates from a single company like GEICO or Allstate, while independent agents can give you price quotes from multiple companies.
Third, compare the quotes to your current policy and see if you can save money. If you find better rates, make sure coverage does not lapse between policies.
Fourth, provide written notification to your current company of your intent to cancel the current policy. Submit payment along with a signed and completed policy application for your new policy. Once coverage is bound, safely store the proof of insurance certificate with your registration paperwork.
A good tip to remember is to make sure you enter identical coverage information on each price quote and and to get price estimates from every company you can. Doing this helps ensure a level playing field and the most accurate and complete price analysis.
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- Who Has Cheap Auto Insurance for a Subaru Impreza in San Francisco? (FAQ)
- Who Has Affordable Auto Insurance for Drivers Over Age 60 in San Francisco? (FAQ)
- Who Has Cheap San Francisco Auto Insurance for Hybrid Vehicles? (FAQ)
- How do I File a Claim? (Insurance Information Institute)
- Preventing Carjacking and Theft (Insurance Information Institute)