Best Ways to Save on Los Angeles Cadillac SRX Insurance

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Insurance rates Cadillac SRX in Los AngelesWant to learn how to buy low-cost Cadillac SRX insurance in Los Angeles? If you're trying to find lower-priced insurance online, are you confused by the number of auto insurance sources in Los Angeles? There are such a large number of options that it can quickly become a real difficult job to find the lowest price for Cadillac SRX insurance in Los Angeles. Everyone knows that Los Angeles is a great city to raise a family in, but trying to pay high auto insurance rates makes it impossible to make ends meet.

Sadly, the majority of drivers have stayed with the same insurance company for more than four years, and just under half have never taken the time to shop around. California insurance shoppers can save $500 each year just by shopping around, but they just don't understand the rate savings if they just switched companies.

It's a good habit to check auto insurance prices every six months because auto insurance prices change quite often. Just because you found the best rate on Cadillac SRX insurance in Los Angeles a couple years back you can probably find a better premium rate now. There are lots of tips to save on SRX insurance online but we're going to give you some solid techniques on how to save money.

Cheap companies for Cadillac SRX insurance in California

The auto insurance companies shown below offer price comparisons in California. If multiple providers are shown, it's a good idea that you visit as many as you can to get the most affordable price.

Analysis of coverages

The rate table shown next covers a range of insurance rates for Cadillac SRX models. Having a good understanding how insurance prices are established can assist in making smart choices when choosing a car insurance company.

Cadillac SRX Insurance Rates in Los Angeles, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $314 $546 $442 $26 $132 $1,460 $122
SRX Luxury 2WD $314 $630 $442 $26 $132 $1,544 $129
SRX Luxury AWD $314 $630 $442 $26 $132 $1,544 $129
SRX Performance 2WD $348 $630 $442 $26 $132 $1,578 $132
SRX Performance AWD $348 $630 $442 $26 $132 $1,578 $132
SRX Premium 2WD $348 $630 $442 $26 $132 $1,578 $132
SRX Premium AWD $348 $630 $442 $26 $132 $1,578 $132
Get Your Own Customized Quote Go

Data rating is based on 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. Prices do not factor in zip code location which can revise price quotes greatly.

Comparison of policy deductibles

When comparing auto insurance rates, the most common question is what deductibles to buy. The comparison tables below determine the rate differences when you buy lower versus higher comp and collision deductibles. The first rate comparisons uses a $250 physical damage coverage deductible and the second price table uses a $500 deductible.

Cadillac SRX insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $386 $678 $442 $26 $132 $1,689 $141
SRX Luxury 2WD $386 $780 $442 $26 $132 $1,791 $149
SRX Luxury AWD $386 $780 $442 $26 $132 $1,791 $149
SRX Performance 2WD $430 $780 $442 $26 $132 $1,835 $153
SRX Performance AWD $430 $780 $442 $26 $132 $1,835 $153
SRX Premium 2WD $430 $780 $442 $26 $132 $1,835 $153
SRX Premium AWD $430 $780 $442 $26 $132 $1,835 $153
Get Your Own Customized Quote Go
Cadillac SRX insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $314 $546 $442 $26 $132 $1,460 $122
SRX Luxury 2WD $314 $630 $442 $26 $132 $1,544 $129
SRX Luxury AWD $314 $630 $442 $26 $132 $1,544 $129
SRX Performance 2WD $348 $630 $442 $26 $132 $1,578 $132
SRX Performance AWD $348 $630 $442 $26 $132 $1,578 $132
SRX Premium 2WD $348 $630 $442 $26 $132 $1,578 $132
SRX Premium AWD $348 $630 $442 $26 $132 $1,578 $132
Get Your Own Customized Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Estimates do not factor in specific zip code location which can increase or decrease coverage prices greatly.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you approximately $20 more each month or $240 for a full year than quoting the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you go more than 13 months between claims, you would probably save some money if you decide on a higher deductible.

Impact of violations and accidents on rates

The chart below shows how speeding tickets and fender-benders raise Cadillac SRX auto insurance rates for different ages of insureds. The price estimates are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.

Rate difference between full and liability-only coverage

The diagram below illustrates the comparison of Cadillac SRX insurance costs with full physical damage coverage compared to only buying liability only. Data assumes no accidents or driving violations, $250 deductibles, drivers are not married, and no discounts are applied to the premium.

When to stop buying full coverage

There is no definitive guideline that works best for making the decision to drop full coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is more than 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let's say your Cadillac SRX settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $5,000 after the deductible is paid. If it's costing you more than $500 annually to have full coverage, then you may need to consider dropping full coverage.

There are a few cases where eliminating full coverage is not financially feasible. If you haven't paid off your loan, you must maintain physical damage coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

Get discounts on Los Angeles car insurance

Insurance can cost an arm and a leg, but there's a good chance there are discounts to cut the cost considerably. Some trigger automatically at the time of purchase, but a few must be inquired about before they will apply.

  • Drivers Education - It's a good idea to have your young drivers participate in a local driver's education class if it's offered in school.
  • Passive Restraints - Vehicles with factory air bags or automatic seat belts can qualify for discounts of 25 to 30%.
  • Distant Student - College-age children living away from Los Angeles attending college and do not have access to a covered vehicle could qualify for this discount.
  • Clubs and Organizations - Being a member of a qualifying organization is a simple method to lower premiums on your bill.
  • Active Service Discounts - Being on active deployment in the military could qualify you for better prices.
  • Safety Restraint Discount - Forcing all vehicle occupants to buckle up can save 10% or more on the medical payments or PIP coverage costs.
  • Multiple Policy Discount - If you insure your home and vehicles with one insurance company you could get a discount of up to 20% off your total SRX insurance premium.
  • No Charge for an Accident - Not really a discount, but certain companies may permit one accident without getting socked with a rate hike with the catch being you have to be claim-free before the accident.

One thing to note about discounts is that many deductions do not apply to the overall cost of the policy. Most only cut individual premiums such as comp or med pay. Even though it appears all the discounts add up to a free policy, you won't be that lucky. But all discounts should help lower your policy premiums.

The diagram below shows the difference between Cadillac SRX car insurance costs with and without discounts applied to the policy premium. The information is based on a male driver, no accidents, no driving violations, California state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, multi-car, safe-driver, homeowner, and claim-free discounts applied.

Insurance companies that may offer policyholders these money-saving discounts may include but are not limited to:

When comparing rates, check with all companies you are considering to give you their best rates. Savings might not be offered in your area.

What if I want to buy from local Los Angeles insurance agencies?

Many people just prefer to talk to a local agent and that can be a smart move One of the great benefits of comparing rate quotes online is the fact that you can find cheaper auto insurance rates and still have an agent to talk to. Supporting small agencies is important particularly in Los Angeles.

Insurance agency in Los AngelesTo make it easy to find an agent, after completing this simple form, your insurance coverage information is immediately sent to companies in Los Angeles who will gladly provide quotes for your insurance coverage. You won't even need to even leave your home since price quotes are sent to your email. Get lower rates without requiring a lot of work. If you have a need to get a price quote from a particular provider, you can always search and find their rate quote page and complete a quote there.

Selecting a company should include more criteria than just a cheap price. A good agent in Los Angeles will have answers to these questions.

  • What insurance companies do they recommend if they are an independent agent?
  • Do you have coverage for a rental car if your vehicle is in the repair shop?
  • Is their price quote a firm figure or are their hidden costs?
  • Will one accident increase rates?
  • Can you choose the body shop in case repairs are needed?
  • Will they make sure you get an adequate claim settlement?
  • Do they regularly work with personal auto policies in Los Angeles?
  • Does the quote include credit and driving reports?

Car insurance coverage information

Understanding the coverages of your policy aids in choosing the right coverages and the correct deductibles and limits. Insurance terms can be impossible to understand and reading a policy is terribly boring.

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle's occupants when other motorists are uninsured or don't have enough coverage. Covered claims include hospital bills for your injuries and also any damage incurred to your Cadillac SRX.

Because many people carry very low liability coverage limits (15/30/5), their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time these limits do not exceed the liability coverage limits.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses such as dental work, doctor visits, X-ray expenses, pain medications and surgery. They are used in conjunction with a health insurance program or if you lack health insurance entirely. Coverage applies to all vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Liability insurance

Liability insurance provides protection from damage or injury you incur to people or other property in an accident. 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 limits of 15/30/5 that translate to $15,000 in coverage for each person's injuries, a limit of $30,000 in injury protection per accident, and property damage coverage for $5,000. Occasionally you may see a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers things such as emergency aid, medical expenses, medical services and bail bonds. How much liability coverage do you need? That is up to you, but it's cheap coverage so purchase as large an amount as possible. California requires drivers to carry at least 15/30/5 but drivers should carry higher limits.

The next chart shows why buying low liability limits may not provide you with enough coverage.

Comprehensive coverage (or Other than Collision)

This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as rock chips in glass, vandalism, damage from getting keyed and a broken windshield. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if it's not worth much more than your deductible it's not worth carrying full coverage.

Collision insurance

Collision coverage will pay to fix damage to your SRX from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as damaging your car on a curb, colliding with a tree, sustaining damage from a pot hole, crashing into a building and hitting a mailbox. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to raise the deductible on your SRX to save money on collision insurance.

Quote often and quote early

As you prepare to switch companies, it's not a good idea to reduce coverage to reduce premium. Too many times, consumers will sacrifice collision coverage and discovered at claim time that the small savings ended up costing them much more. Your focus should be to get the best coverage possible at a price you can afford, but do not skimp to save money.

Drivers leave their current company for a number of reasons such as being labeled a high risk driver, high prices, extreme rates for teen drivers or lack of trust in their agent. Regardless of your reason for switching companies, switching companies is not as difficult as it may seem.

We've covered many tips how you can get a better price on Cadillac SRX insurance in Los Angeles. It's most important to understand that the more quotes you get, the better your comparison will be. You may even discover the lowest rates come from an unexpected company.

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