Auto Insurance Rate Quotes for a Cadillac CTS-V in Jacksonville

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Insurance quote for Cadillac CTS-V in JacksonvilleA recent survey discovered that most auto insurance buyers in Florida have stayed with the same insurance company for at least the last four years, and nearly half have never compared rates to find cheaper insurance. With the average premium in the U.S. being $1,847, drivers could pocket 46.5% a year by just comparing quotes, but they underestimate how much savings they would realize if they moved their coverage to a different company.

The best way we recommend to find the cheapest price for Cadillac CTS-V insurance is to annually compare prices from different companies who sell insurance in Jacksonville. Price quotes can be compared by following these guidelines.

  • First, spend a few minutes and learn about individual coverages and the changes you can make to keep rates in check. Many rating criteria that cause rate increases such as inattentive driving and an unacceptable credit score can be rectified by making minor changes to your lifestyle. Keep reading for ideas to find cheap rates and find additional discounts you may qualify for.
  • Second, request rate estimates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only quote rates from one company like Progressive or State Farm, while agents who are independent can provide price quotes from multiple sources.
  • Third, compare the quotes to your current policy to see if cheaper CTS-V coverage is available. If you can save money and change companies, verify that coverage does not lapse between policies.

The key aspect of shopping around is to make sure you enter similar deductibles and liability limits on every quote and and to get price estimates from as many auto insurance providers as possible. This provides an apples-to-apples comparison and the best price quote selection.

Locating the best rates in Jacksonville is really not that difficult. If you have coverage now or need a new policy, take advantage of these tips to shop for the lowest rates and still get good coverage. Drivers just have to use how to compare rates online.

Getting a more affordable price on Cadillac CTS-V insurance is actually easier than you may think. Drivers just need to take a couple of minutes to get quotes from some recommended companies.

Online shopping is fast and free, and it replaces the need to actually drive to different Jacksonville agent offices. Quoting Cadillac CTS-V insurance online eliminates the need for an insurance agent unless you require the professional abilities only provided by licensed Jacksonville agents. It is possible to compare the best prices online but buy the policy through an agent.

The companies in the list below provide comparison quotes in Jacksonville, FL. If multiple providers are shown, it's highly recommended you visit two to three different companies in order to find the most affordable rates.

Discounts can help to save on Cadillac CTS-V insurance in Jacksonville

Insurance is not an enjoyable expense, but there may be some discounts that you may not know about. A few discounts will be applied when you quote, but some may not be applied and must be asked for prior to receiving the credit.Cheaper insurance with discounts

  • Full Payment Discount - By paying your entire bill at once as opposed to paying monthly you can avoid monthly service charges.
  • Drive Less and Save - Fewer annual miles on your Cadillac may enable drivers to earn lower rates on the low mileage vehicles.
  • Save with More Vehicles Insured - Purchasing coverage when you have more than one vehicle with the same insurance company qualifies for this discount.
  • Accident Free - Drivers who don't have accidents get the best insurance rates in comparison with frequent claim filers.
  • Drivers Ed for Students - It's a good idea to have your young drivers enroll and complete driver's education as it can save substantially.

It's important to note that some credits don't apply to the entire policy premium. Most only cut the cost of specific coverages such as medical payments or collision. Even though the math looks like adding up those discounts means a free policy, company stockholders wouldn't be very happy. Any qualifying discounts will positively reduce the premium cost.

The chart below shows the comparison of Cadillac CTS-V annual premium costs with and without discounts applied. The data is based on a male driver, no violations or accidents, Florida state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, multi-policy, homeowner, multi-car, and marriage discounts applied.

To view insurance companies who offer online Cadillac CTS-V insurance quotes in Florida, click here.

Analysis of coverages

The information displayed below highlights a range of insurance premium costs for Cadillac CTS-V models. Being more informed about how auto insurance policy rates are established can help guide drivers when making smart choices when selecting a policy.

Cadillac CTS-V Insurance Rates in Jacksonville, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS-V $478 $1070 $430 $26 $128 $2,132 $178
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Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Premium costs do not factor in vehicle garaging location which can decrease or increase premium rates significantly.

Where to set your deductibles

One of the most common insurance questions is what deductibles to buy. The following tables lay out how much more you'll pay when you select higher and lower coverage deductibles. The first pricing table uses a $250 deductible for physical damage and the second data table uses a $1,000 deductible.

Cadillac CTS-V insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS-V $488 $930 $354 $20 $106 $1,923 $160
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Cadillac CTS-V insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS-V $302 $586 $354 $20 $106 $1,368 $114
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Premium costs do not factor in specific location information which can revise coverage prices greatly.

We can derive from the above data that using a $250 deductible could cost the average driver approximately $46 more each month or $552 for a full year than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you go at a minimum 16 months between claim filings, you would come out ahead if you choose a higher deductible.

Cadillac CTS-V insurance rates by age and gender

The illustration below illustrates the comparison of Cadillac CTS-V insurance prices for male and female drivers. The premiums are based on no violations or accidents, full coverage, $1,000 deductibles, single status, and no additional discounts are factored in.

Eight Things That Impact Your Insurance Prices

Multiple criteria are part of the calculation when you get your auto insurance bill. Some are pretty understandable like a motor vehicle report, but other factors are not quite as obvious such as whether you are married and annual miles driven. 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 understand what positively or negatively impacts your premiums, this allows you to make good choices that can earn you much lower annual insurance costs.

Listed below are just a few of the factors used by insurance companies to determine your rates.

Avoid tickets and save - How you drive impacts premiums far more than you think. Even a single citation can increase the cost of insurance by as much as twenty percent. Drivers who don't get tickets tend to pay less for car insurance than their less careful counterparts. Drivers who have received dangerous violations like reckless driving, hit and run or driving under the influence are required to file a proof of financial responsibility form (SR-22) with their state's licensing department in order to legally drive a vehicle.

The diagram below illustrates how violations and at-fault collisions can affect Cadillac CTS-V insurance costs for each age group. The rate quotes are based on a married female driver, full coverage, $500 deductibles, and no other discounts are factored in.

Job stress can affect rates - Jobs like military generals, air traffic controllers, and accountants generally have higher rates than the rest of us attributed to stressful work requirements and lots of time spent at work. On the other hand, professions such as farmers, athletes and retirees have the lowest average rates.

Lower rates for married couples - Having a significant other can get you a discount on your insurance bill. It generally demonstrates drivers are less irresponsible and statistics prove married couples file fewer claims.

Lower rates with alarm systems - Buying a car with a theft deterrent system can help lower your rates. Anti-theft features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all aid in stopping your vehicle from being stolen.

Teen drivers pay high premiums - Beginning drivers in Florida have a tendency to be less responsible when behind the wheel so insurance rates are higher. Mature drivers are proven to be safer behind the wheel, cause fewer claims and accidents, and usually have better credit.

The following chart is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.

Drive less and get lower costs - The higher the miles on your Cadillac in a year the higher your rate. Many insurance companies apply a rate based upon how you use the vehicle. Cars that have low annual miles can be on a lower rate level than those used for commuting. Ask your agent if your insurance policy shows the right rating data, because it can save money. Having an incorrect usage rating on your CTS-V may be costing you.

Premiums are affected by your credit history - A driver's credit rating will be a significant factor in calculating your insurance rates. Drivers with high credit scores tend to be more responsible as compared to drivers with worse credit. If your credit history is lower than you'd like, you could potentially save money when insuring your Cadillac CTS-V by taking the time to improve your credit score.

Don't buy extra coverages you don't use - Insurance companies have many extra add-on coverages that you can buy but may not be useful. Coverage for things like replacement cost coverage, death and dismemberment, and membership fees are examples of these. They may sound like good ideas when you first buy your policy, but if you've never needed them in the past remove them and pocket the money.

Cadillac CTS-V insurance loss probability - Car insurance companies use historical loss data to help calculate premium rates. Vehicles that the data shows to have higher claim frequency or loss amount will cost more for specific coverages. The next table shows the loss history for Cadillac CTS-V vehicles.

For each insurance policy coverage type, the loss probability for all vehicles compiled together is a value of 100. Values that are below 100 suggest a better than average loss history, while values over 100 indicate a higher chance of having a claim or an increased chance of a larger loss.

Car Insurance Loss Data for Cadillac CTS-V Models
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Cadillac CTS-V 2dr 174 74 135
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years