Best Insurance for a Cadillac CTS-V in Los Angeles

Insurance quote for Cadillac CTS-V in Los AngelesSearching for cheaper car insurance rates in Los Angeles, CA? Los Angeles shoppers have many options when shopping for affordable Cadillac CTS-V insurance. They can either waste time calling around to get rate comparisons or utilize the internet to compare rates. There is a right way and a wrong way to buy car insurance and we’ll show you the proper way to quote coverages on a Cadillac and obtain the best price possible.

If you already have coverage or are shopping for new coverage, you can learn to reduce premiums without having to cut coverage. We hope to help educate you on the most effective ways to compare rates and also save some money in the process Smart buyers only need an understanding of the proper way to compare insurance rates from multiple carriers.

The companies in the list below provide quotes in Los Angeles, CA. If multiple companies are listed, we suggest you get price quotes from several of them in order to find the most affordable rates.

Companies offer lots of discounts on Cadillac CTS-V insurance in Los Angeles

Some providers do not advertise the complete list of policy discounts in a way that’s easy to find, so here is a list a few of the more common and also the more inconspicuous discounts that you can inquire about if you buy Los Angeles car insurance online. If you aren’t receiving every discount possible, you’re paying more than you need to.Save money with discounts

Please keep in mind that most discount credits are not given to all coverage premiums. Most only apply to the price of certain insurance coverages like collision or personal injury protection. Just because you may think all the discounts add up to a free policy, nobody gets a free ride. Any qualifying discounts will reduce your overall bill.

The illustration below illustrates the difference between Cadillac CTS-V auto insurance rates with and without discounts applied to the policy premium. The premiums assume a female driver, a clean driving record, no at-fault accidents, California state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, safe-driver, multi-car, homeowner, and claim-free discounts applied.

For a list of insurers with discount car insurance rates in California, click here.

Rates and detailed analysis

The premium table shown next highlights different insurance prices for Cadillac CTS-V models. Understanding more about how auto insurance premiums are determined can help customers make decisions when shopping around.

Cadillac CTS-V Insurance Rates in Los Angeles, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS-V $420 $794 $376 $22 $112 $1,724 $144
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Estimates do not factor in specific location information which can lower or raise coverage rates noticeably.

Choosing deductibles

A question often asked by Los Angeles drivers is the level to set your comp and collision deductibles. The rates shown below approximate the difference in cost when you buy lower versus higher coverage deductibles. The first price estimate table uses a $250 deductible for comprehensive and collision coverage and the second price table uses a $1,000 deductible.

Cadillac CTS-V insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS-V $518 $986 $376 $22 $112 $2,039 $170
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Cadillac CTS-V insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS-V $320 $620 $376 $22 $112 $1,450 $121
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Prices do not factor in specific Los Angeles garaging location which can influence insurance rates noticeably.

We can derive from the above data that using a $250 deductible will cost you about $49 more each month or $588 for a full year than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you have more than 15 months between claims, you would come out ahead if you decide on a higher deductible.

Calculate deductible break even point

Average monthly premium for $250 deductibles: $170
Average monthly premium for $1,000 deductibles (subtract): – $121
Monthly savings from raising deductible: $49
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $49
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

The chart below illustrates how your choice of deductibles and can influence Cadillac CTS-V insurance prices for different age categories. Data assumes a married female driver, comp and collision included, and no discounts are applied.

Full coverage or liability only

The diagram below illustrates the difference between Cadillac CTS-V insurance costs with liability coverage only compared to full coverage. The data is based on a clean driving record, no at-fault accidents, $100 deductibles, drivers are single, and no discounts are taken into consideration.

When to switch to liability coverage only

There is no set guideline of when to phase out comp and collision coverage, but there is a guideline you can consider. If the yearly cost of full coverage is 10% or more of the settlement you would receive from your company, then it might be time to buy liability only.

For example, let’s assume your Cadillac CTS-V settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $5,000 after paying the physical damage deductible. If premiums are more than $500 a year for physical damage coverage, then you might consider buying liability only.

There are a few situations where eliminating full coverage is not a good plan. If you still have a loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Local Los Angeles insurance agents and car insurance

A small number of people still like to buy from a licensed agent. Most agents can answer important questions and will help you if you have claims. The biggest benefit of comparing rates online is you may find cheap car insurance quotes and also buy local.

Find insurance agent in Los AngelesOnce you complete this quick form, your information is submitted to companies in Los Angeles who will give you quotes and help you find cheaper coverage. There is no need to search for an agent since rate quotes are delivered to you instantly. If you need to compare rates from a specific company, you would need to navigate to their website and complete a quote there.

Deciding on an company should include more criteria than just a low price. These questions are important to ask:

If you are wanting to purchase car insurance from a reputable insurance agent or broker, you must know there are a couple types of insurance agents from which to choose. Car insurance agencies may be either exclusive agents or independent agents. Either one can provide car insurance policies, but we need to point out the difference in the companies they write for because it may have an impact on your agent selection.

Exclusive Insurance Agencies

Exclusive insurance agents can only place business with one company and some examples include State Farm, AAA, Farmers Insurance or Allstate. Exclusive agencies are unable to provide prices from multiple companies so if the price isn’t competitive there isn’t much they can do. These agents are well schooled on what they offer and that can be a competitive advantage. A lot of people choose to use a exclusive agent mostly because of the brand legacy rather than low rates.

Listed below are Los Angeles exclusive agencies who can help you get price quotes.

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Independent Insurance Agents

Agents that choose to be independent are normally appointed by many insurers and that gives them the ability to insure with any number of different companies and find you cheaper rates. If your agent finds better pricing, they simply move the coverage in-house and that require little work on your part. When comparing car insurance prices, it’s a good idea to check rates from at least one independent agent so that you can do a thorough price comparison. Most independent agents also contract with smaller mutual companies which could offer lower prices.

The following is a list of independent agencies in Los Angeles that are able to give price quote information.

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Why insurance is not optional

Even though Los Angeles CTS-V insurance rates can get expensive, maintaining insurance is a good idea for several reasons.

The benefits of insuring your car more than offset the price you pay, particularly when you have a large claim. The average driver in California overpays as much as $865 each year so compare quotes from several companies every year to ensure rates are inline.

Educate yourself about car insurance coverages

Having a good grasp of your policy helps when choosing which coverages you need and the correct deductibles and limits. Car insurance terms can be confusing and nobody wants to actually read their policy.

Auto liability insurance – Liability insurance provides protection from damage or injury you incur to people or other property by causing an accident. This coverage protects you against claims from other people. It does not cover your injuries or vehicle damage.

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 15/30/5 that means you have a $15,000 limit per person for injuries, a limit of $30,000 in injury protection per accident, and property damage coverage for $5,000.

Liability coverage pays for claims such as medical services, loss of income, pain and suffering and bail bonds. How much coverage you buy is up to you, but buy higher limits if possible. California state law requires minimum liability limits of 15/30/5 but you should think about purchasing more coverage.

The next chart shows why buying the state minimum limits may not provide adequate coverage.

Collision – Collision coverage covers damage to your CTS-V caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things such as colliding with another moving vehicle, driving through your garage door and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Another option is to increase the deductible on your CTS-V in order to get cheaper collision rates.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection when other motorists do not carry enough liability coverage. This coverage pays for injuries to you and your family and damage to your Cadillac CTS-V.

Because many people only carry the minimum required liability limits (which is 15/30/5), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Comprehensive protection – This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as vandalism, rock chips in glass, hitting a deer, hail damage and a tree branch falling on your vehicle. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Medical expense coverage – Med pay and PIP coverage reimburse you for short-term medical expenses like ambulance fees, pain medications and EMT expenses. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

In conclusion

Drivers change insurance companies for a number of reasons such as high prices, policy non-renewal, policy cancellation or delays in responding to claim requests. No matter why you want to switch, switching companies is actually quite simple.

When buying insurance coverage, never buy lower coverage limits just to save a few bucks. In too many instances, an insured cut full coverage to discover at claim time that it was a big error on their part. The ultimate goal is to buy enough coverage at an affordable rate, but don’t skip important coverages to save money.

Budget-conscious Cadillac CTS-V insurance can be sourced from both online companies as well as from independent agents in Los Angeles, so you need to shop Los Angeles car insurance with both to have the best selection. Some car insurance companies may not provide price quotes online and most of the time these small insurance companies prefer to sell through independent agents.

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