Lower Your 2006 Cadillac SRX Car Insurance Rates

Having to pay for overpriced Cadillac SRX insurance can overdraw your personal savings and force you to prioritize other expenses. Shopping your coverage around is free and is an excellent way to slash your bill and have more diposable income. Online insurance companies like State Farm, Progressive and GEICO all promote huge savings with advertising and consumers find it hard to ignore the propoganda and find the best price available.

You should take the time to get comparison quotes every six months since rates change regularly. Even if you think you had the lowest rates for SRX coverage on your last policy a different company probably has better rates today. Starting right now, ignore everything you know about insurance coverage because I’m going to teach you one of the best ways to lower your annual insurance bill.

If you have a policy now or need new coverage, you can use these tips to shop for the lowest rates and possibly find even better coverage. Choosing the best insurance company for you is not rocket science. Consumers only need to know the most effective way to compare price quotes online.

Comprehensive Car Insurance Comparison Quotes

Getting a lower price on 2006 Cadillac SRX insurance doesn’t have to be difficult. All you need to do is invest a few minutes to compare quotes from different insurance companies. This is very easy and can be done in a couple of different ways.

  • The fastest way to find low rates is to use a rate comparison form like this one (opens in new window). This easy form prevents you from having to do separate quotation requests for each company. In just a few minutes this one form gets rate comparisons from many national carriers.
  • A more difficult way to shop for car insurance online consists of going to each individual company website to request a price quote. For examples sake, we’ll pretend you want rates from GEICO, Safeco and Travelers. To find out each rate you need to go to every website to input your insurance information, which is why most consumers use the first method.

    For a list of links to companies insuring cars in your area, click here.

  • The most time-consuming way of comparing rate quotes is to spend your day driving to local insurance agencies. The ability to buy insurance online has reduced the need for local agents unless you have a need for the professional guidance only provided by licensed agents. It is possible to comparison shop online and still use a local agent. We’ll cover that shortly.

However you get your quotes, make sure you use identical information for each price quote. If you have different values for each quote it will be very difficult to determine which rate is truly the best.

Discounts on 2006 Cadillac SRX insurance

Companies don’t always advertise every available discount in an easy-to-find place, so the following is a list of both the well known and the harder-to-find savings tricks you should be using. If they aren’t giving you every credit you deserve, you’re paying more than you need to.

  • Drive Less and Save – Driving fewer miles could be rewarded with better rates on cars that stay parked.
  • Paperless Signup – Certain companies will give a small break for buying your policy digitally online.
  • Student Driver Training – Have your child complete a driver education course in high school.
  • Sign Early and Save – Select companies give a discount for signing up before your current policy expires. It can save you around 10%.
  • Auto/Home Discount – If you have multiple policies with the same insurance company you may earn up to 20% off your total premium.
  • No Charge for an Accident – Certain companies permit an accident before raising your premiums if your claims history is clear prior to the accident.
  • New Vehicle Savings – Insuring a new car can save up to 30% due to better safety requirements for new cars.
  • Good Student – A discount for being a good student can get you a discount of up to 25%. The good student discount can last up to age 25.
  • Passive Restraints and Air Bags – Vehicles with factory air bags or automatic seat belts can receive discounts of more than 20%.
  • More Vehicles More Savings – Insuring multiple cars or trucks on one policy can get a discount on all vehicles.

It’s important to understand that most credits do not apply the the whole policy. A few only apply to individual premiums such as medical payments or collision. So even though it sounds like all those discounts means the company will pay you, you won’t be that lucky.

Car insurance companies that possibly offer some of the above discounts include:

Before buying, ask each insurance company which discounts they offer. Some discounts might not be offered everywhere.

Why you might be paying too much to insure your Cadillac SRX

It’s important that you understand the factors that play a part in calculating your insurance coverage rates. Knowing what determines base rates allows you to make educated decisions that will entitle you to much lower annual insurance costs.

  • Older drivers pay less – Teenage drivers have a tendency to be less responsible when behind the wheel so they pay higher insurance coverage rates. Older insureds tend to be more responsible, tend to cause fewer accidents and are safer drivers.
  • Men fork out a little more – The statistics show women tend to be less risk to insure than men. However, don’t assume that men are worse drivers. Both sexes have accidents at a similar rate, but the men cause more damage and cost insurance companies more money. Men also statistically get more serious tickets like reckless driving and DUI.
  • Special features that cut premiums – Owning a car with anti-theft technology or alarm system can help bring down rates. Theft prevention features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent your car from being stolen.
  • Poor credit can mean higher rates – A driver’s credit history is a huge factor in determining your rates. If your credit history is not that good, you could be paying less to insure your 2006 Cadillac SRX by improving your rating. Drivers with high credit ratings tend to file fewer claims and have better driving records than those with lower credit scores.
  • Bad driving skills means higher rates – Good drivers have lower premiums compared to drivers with tickets. Even a single ticket can increase rates twenty percent or more. Drivers who have flagrant citations like DWI, reckless driving or hit and run convictions may need to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to keep their license.
  • Your location is important – Residing in a rural area can be a good thing when insuring your vehicles. Less people living in that area means a lower chance of having an accident as well as less vandalism and auto theft. City drivers regularly have much more traffic to deal with and a longer drive to work. Higher commute times means higher likelihood of an accident.

Tailor your coverage to you

When it comes to buying the best auto insurance coverage, there really is not a perfect coverage plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. Here are some questions about coverages that can help discover whether or not you might need an agent’s assistance.

  • When do I need to add a new car to my policy?
  • Should I carry comprehensive and collision coverage?
  • I have health insurance so do I need medical payments coverage?
  • Is my babysitter covered when using my vehicle?
  • Is my dog or cat covered if injured in an accident?
  • Am I covered if I hit a deer?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Do I need replacement cost coverage on my 2006 Cadillac SRX?
  • When should I remove comp and collision on my 2006 Cadillac SRX?
  • What is covered by UM/UIM coverage?

If you can’t answer these questions but you know they apply to you then you might want to talk to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.

Specifics of your insurance policy

Knowing the specifics of a insurance policy can help you determine the right coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverages found on the average insurance policy.

Liability coverage – This coverage can cover damage that occurs to other people or property by causing an accident. It protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see values of 25/50/25 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability coverage pays for things like loss of income, medical expenses and attorney fees. How much liability coverage do you need? That is a decision to put some thought into, but buy higher limits if possible.

Collision – This coverage covers damage to your SRX resulting from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as hitting a mailbox, rolling your car, scraping a guard rail and hitting a parking meter. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Comprehensive coverage – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, damage from getting keyed, a broken windshield, damage from flooding and theft. The most your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage gives you protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your Cadillac SRX.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Medical payments coverage and PIP – Med pay and PIP coverage reimburse you for immediate expenses for nursing services, doctor visits, dental work, hospital visits and rehabilitation expenses. They can be utilized in addition to your health insurance plan or if you lack health insurance entirely. Coverage applies to both the driver and occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and may carry a deductible

You can do this!

When buying insurance coverage, make sure you don’t buy less coverage just to save a little money. In many instances, an accident victim reduced physical damage coverage to discover at claim time that the few dollars in savings costed them thousands. Your focus should be to purchase a proper amount of coverage for the lowest price.

Budget-conscious 2006 Cadillac SRX insurance is attainable from both online companies in addition to many insurance agents, so you should compare both to have the best rate selection. Some insurance companies do not provide the ability to get a quote online and most of the time these small insurance companies sell through independent agents.

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