2012 Cadillac SRX Insurance Cost

Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Believe me when I say there are many consumers feeling the pinch from expensive car insurance. Many auto insurance companies vie for your insurance dollar, so it’s not easy to compare every insurer and get the best coverage at the best price available.

It’s a great practice to compare rates before your policy renews due to the fact that insurance rates are constantly changing. Even if you got the lowest rates on SRX insurance a year ago you can probably find a lower rate today. Forget anything you know (or think you know) about car insurance because I’m going to let you in on the secrets to the best way to buy cheaper car insurance.

Discounts to lower Cadillac SRX insurance rates

Companies do not advertise every discount very clearly, so the following is a list of both well-publicized and also the lesser-known ways to save on car insurance. If you’re not getting every credit you deserve, you’re paying more than you need to.

  • Anti-lock Brake System – Cars that have steering control and anti-lock brakes prevent accidents and earn discounts up to 10%.
  • Discount for Swiching Early – Some companies give discounts for signing up before your current policy expires. The savings is around 10%.
  • Student in College – Kids in college who live away from home without a vehicle on campus can receive lower rates.
  • Low Mileage – Low mileage vehicles could qualify for discounted rates on garaged vehicles.
  • Auto/Home Discount – When you combine your home and auto insurance with one company you may save approximately 10% to 15%.
  • New Car Discount – Insuring a new car can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Senior Discount – Mature drivers may receive reduced rates on SRX insurance.
  • Life Insurance – Companies who offer life insurance give a break if you buy a life insurance policy as well.
  • Military Rewards – Being on active duty in the military may qualify for rate reductions.

A little note about advertised discounts, some of the credits will not apply to all coverage premiums. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. Even though it may seem like adding up those discounts means a free policy, it doesn’t quite work that way.

A partial list of companies that may have these benefits include:

Before buying, ask each insurance company which discounts you may be entitled to. Savings may not apply in every state.

Cadillac SRX rates are complex

It’s important that you understand the rating factors that play a part in calculating the rates you pay for auto insurance. Having a good understanding of what influences your rates empowers consumers to make smart changes that may reward you with big savings.

  • Do you qualify for a multi-policy discount? – Many insurance companies provide better rates to customers who buy several policies from them. It’s known as a multi-policy discount. Discounts can amount to 10 percent or more. Even if you’re getting this discount you may still want to compare rates to ensure the best deal. You may still find a better deal by insuring with multiple companies.
  • Don’t skimp on liability – The liability section of your policy is the protection if ever you are found liable for causing damage or personal injury in an accident. It will provide you with a defense in court up to the limits shown on your policy. This coverage is very inexpensive compared to insuring for physical damage coverage, so buy as much as you can afford.
  • You might want pay the small claims yourself – Car insurance companies generally give better rates to policyholders who are claim-free. If you frequently file small claims, you can look forward to either policy cancellation or increased premiums. Insurance coverage is designed for the bigger claims that can’t be paid out-of-pocket.
  • Rural vs Urban Areas – Residing in less populated areas can save you money when it comes to auto insurance. Drivers in populated areas regularly have traffic congestion and much longer commute distances. Less people living in that area means reduced accidents.
  • Adjust deductibles and save – Your deductibles define the amount you are required to spend if you file a covered claim. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. A few examples of covered claims could be running into the backend of another car, damage caused by hail, and burglary. The higher the amount you have to pay, the bigger discount you will receive on SRX insurance.
  • Drive less and save money – Driving more miles each year the higher your rate. Most insurance companies price each vehicle’s coverage based on how the vehicle is used. Cars used primarily for pleasure use can get a lower rate compared to those used for work or business. Double check that your auto insurance coverage is showing the proper vehicle usage, because it can save money. If your policy improperly rates your SRX can cost quite a bit.
  • Men pay higher rates – The statistics show women tend to be less risk to insure than men. However, don’t assume that women are better drivers. Both sexes tend to get into accidents at about the same rate, but men cause more damage and cost insurance companies more money. Men also receive more costly citations like reckless driving and DUI.
  • Don’t let your coverage lapse – Letting your insurance expire is a quick way to trigger a rate increase. Not only will you pay more, failure to provide proof of insurance might get you a license revocation or jail time.You may then be required to file a SR-22 with your state motor vehicle department to get your license reinstated.

Tailor your coverage to you

When it comes to buying adequate coverage for your vehicles, there really is not a one size fits all plan. Your needs are not the same as everyone else’s and your policy should reflect that. These are some specific questions might help in determining whether you could use an agent’s help.

  • Should I get collision insurance on every vehicle?
  • At what point should I drop full coverage?
  • Am I covered when driving someone else’s vehicle?
  • What is the rate difference between pleasure use and commuting?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Why does it cost so much to insure a teen driver?

If you can’t answer these questions but a few of them apply, you might consider talking to an agent. To find an agent in your area, complete this form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

Specific coverages for a Cadillac SRX

Knowing the specifics of car insurance can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring. These are typical coverages found on most car insurance policies.

Medical expense coverage

Coverage for medical payments and/or PIP kick in for immediate expenses such as rehabilitation expenses, surgery, dental work, hospital visits and chiropractic care. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers you and your occupants and will also cover getting struck while a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Comprehensive protection

This coverage covers damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as a tree branch falling on your vehicle, rock chips in glass, theft, fire damage and damage from flooding. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Auto collision coverage

This will pay to fix damage to your SRX resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as backing into a parked car, crashing into a ditch and rolling your car. This coverage can be expensive, so consider dropping it from lower value vehicles. You can also increase the deductible to bring the cost down.

Coverage for liability

Liability coverage will cover damages or injuries you inflict on other people or property that is your fault. It protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability coverage pays for things such as emergency aid, pain and suffering and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

A tidy conclusion

Cheaper 2012 Cadillac SRX insurance is definitely available both online and also from your neighborhood agents, and you need to comparison shop both in order to have the best chance of saving money. There are still a few companies who may not provide online price quotes and usually these small, regional companies provide coverage only through local independent agents.

As you prepare to switch companies, it’s very important that you do not skimp on coverage in order to save money. There are too many instances where consumers will sacrifice liability coverage limits and learned later that they should have had better coverage. Your strategy should be to buy the best coverage you can find for the lowest price while still protecting your assets.

Much more information about car insurance can be read at the links below