Best Ways to Cut Costs When Shopping For Cadillac SRX Insurance

Having to pay for overpriced car insurance can take a big chunk out of your personal savings, especially in this economy. Shopping your coverage around is a smart way to lower your monthly bill.

Companies like GEICO, 21st Century and Progressive constantly bombard you with ads and it can be hard to ignore the flashy ads and take the time to shop coverage around.

It is always a good idea to compare rates at least once a year because insurance rates change quite often. Just because you found the best deal on SRX coverage six months ago you may be paying too much now. Don’t believe everything you read about car insurance on the internet, so by reading this article, you’re going to learn the easiest ways to find cheap car insurance.

If you currently have a car insurance policy, you will be able to cut costs considerably using these techniques. Choosing the best insurance company for you is quite easy. But drivers benefit from understanding how the larger insurance companies price insurance differently and use this information to your advantage.

How to Get Cheap Car Insurance

Effectively comparing car insurance prices can be exhausting if you don’t utilize the most efficient way to do it. You could waste a few hours talking about coverages with insurance agencies in your area, or you could use the web to quickly compare rates.

Most of the larger companies belong to a marketplace that enables customers to only type in their quote data once, and at least one company can provide price quotes determined by their information. This prevents consumers from doing repetitive form submissions for each company.

To find out how much you can save on car insurance click here to open in new window.

The only drawback to using this type of form is you cannot specify which companies you will receive quotes from. So if you prefer to pick specific providers to compare prices, we have a listing of companies who write car insurance in your area. View list of insurance companies.

Which method you use is up to you, but double check that you are using identical information with each company. If you enter mixed coverages then you won’t be able to make an equal comparison. Just a small difference in coverages may result in a large different in cost. And when quoting car insurance, remember that getting more free quotes helps you find the best offered rates.

Cadillac SRX insurance rates have many determining factors

Consumers need to have an understanding of some of the elements that play a part in calculating your car insurance rates. Knowing what impacts premium levels enables informed choices that will entitle you to big savings.

• Big city or small town – Residing in a small town can be a good thing when talking about car insurance. Fewer drivers means reduced accidents as well as less vandalism and auto theft. City drivers have much more traffic to deal with and longer commutes to work. More time commuting means higher likelihood of an accident.
• Battle of the sexes – The statistics show that women are safer drivers than men. That doesn’t necessarily mean that men are worse drivers. Both sexes have accidents in similar percentages, but men cause more damage. Men also have more aggressive citations such as reckless driving. Male drivers age 16 to 19 are most likely to cause an accident and thus pay the highest rates.
• Bundling policies can get discounts – The majority of companies will give a discount to people who have multiple policies with them in the form of a multi-policy discount. Even if you’re getting this discount you may still want to compare other company rates to confirm you are receiving the best rates possible.
• Rates may be lower depending on your job – Occupations such as judges, social workers and financial analysts are shown to have higher average rates attributed to high stress levels and lengthy work days. Conversely, professions such as farmers, engineers and the unemployed pay the least on SRX coverage.
• Drive less and save money – The higher the mileage driven in a year the higher your rates will be. Most companies charge to insure your cars based upon how you use the vehicle. Cars that are left in the garage get more affordable rates than those used for commuting. Having the wrong rating on your SRX can cost quite a bit. Verify your car insurance declarations sheet properly reflects the correct usage for each vehicle.
• Having a spouse can save you money – Being married can actually save you money on your car insurance policy. Having a significant other means you’re more responsible and statistics show drivers who are married are more cautious.
• Traffic citations inflate rates – A bad driving record impacts your car insurance rates tremendously. Even one citation may increase your cost forty percent or more. Drivers with clean records get better rates than their less careful counterparts. If you have dangerous violations like hit and run, DWI or reckless driving convictions may find they need to submit a SR-22 form with their state DMV in order to prevent a license revocation.
• Extra add-on coverages are wasting money – There are many extra coverages that you can buy when buying car insurance. Coverages for rental car reimbursement, towing coverage and additional equipment coverage are some examples. They may seem good initially, but now you might not need them so eliminate them to save money.

These discounts can lower your rates

Insuring your fleet can be pricey, but discounts can save money and there are some available that you may not even be aware of. Most are applied at the time of quoting, but less common discounts must be asked about before you will receive the discount.

• Multiple Vehicles – Having multiple vehicles on one policy could earn a price break for each car.
• New Vehicle Savings – Adding a new car to your policy can be considerably cheaper because new vehicles have to meet stringent safety requirements.
• Accident Free – Drivers with accident-free driving histories can save substantially when compared to bad drivers.
• Air Bag Discount – Vehicles equipped with air bags can receive discounts of up to 25% or more.
• Payment Discounts – By paying your policy upfront instead of paying each month you could save up to 5%.
• College Student – Any of your kids who are attending college without a vehicle on campus may qualify for this discount.

Drivers should understand that some of the credits will not apply to all coverage premiums. Most only cut individual premiums such as comprehensive or collision. So despite the fact that it appears adding up those discounts means a free policy, companies don’t profit that way. But all discounts will cut the amount you have to pay.

For a list of providers offering car insurance discounts, click this link.

Different people need different coverages

When choosing adequate coverage for your vehicles, there really is not a “best” method to buy coverage. Coverage needs to be tailored to your specific needs so your insurance should reflect that These are some specific questions might help in determining if you would benefit from an agent’s advice.

• I don’t drive much so do I pay less?
• Are rental cars covered under my policy?
• Do I have coverage when pulling a U-Haul trailer?
• Can I afford to buy a different vehicle if my Cadillac SRX is totaled?
• Does my medical payments coverage pay my health insurance deductible?
• Does my policy cover me when driving someone else’s vehicle?
• What if I total my Cadillac SRX and owe more than it’s worth?
• Do no-fault laws apply in my state?
• Do I need PIP (personal injury protection) coverage in my state?
• What is covered by UM/UIM coverage?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area.

In conclusion

Lower-priced Cadillac SRX insurance can be sourced both online and with local insurance agents, so you should be comparing quotes from both to have the best selection. There are still a few companies who do not offer online quoting and usually these regional insurance providers provide coverage only through local independent agents.

When buying insurance coverage, it’s very important that you do not sacrifice coverage to reduce premiums. There have been many cases where someone dropped physical damage coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy enough coverage at the best price.

You just learned some good ideas how you can compare Cadillac SRX insurance prices online. The key concept to understand is the more rate quotes you have, the better chance you’ll have of finding lower rates. Drivers may discover the lowest premiums are with a smaller regional carrier. These smaller insurers often have lower prices on specific markets than their larger competitors like Progressive and GEICO.