How to Save on Cadillac CTS-V Insurance in Austin

Looking for more competitive Cadillac CTS-V insurance in Austin? If you’ve never shopped for Austin auto insurance quotes online, it’s easy to be overwhelmed by the vast assortment of online companies offering insurance in Austin.

Astonishng but true according to a recent study, nearly 70% of consumers have remained with the same car insurance company for at least the last four years, and roughly 40% of drivers have never compared quotes from other companies. The average driver in the United States could save about $859 every year by just comparing rate quotes, but most tend to underestimate the amount of money they would save if they replace their high priced policy.

Buy Austin Cadillac CTS-V insurance online

Just keep in mind that quoting more will enable you to find the best price. Not every company allows you to get online price quotes, so you also need to get prices from them as well.

The auto insurance companies shown below can provide free rate quotes in Austin, TX. If multiple companies are shown, we suggest you visit as many as you can to get a more complete price comparison.

Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Price information does not factor in Austin location which can change premiums greatly.

Rate comparison for different deductibles

The hardest decision when buying coverage is where to set your physical damage deductibles. The comparison tables below highlight the premium difference between low and high policy deductibles. The first set of rates uses a $250 deductible and the second set of rates uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Prices do not factor in vehicle location which can impact premium rates noticeably.

We can derive from the above data that using a $250 deductible will cost you approximately $43 more each month or $516 annually than opting for the higher $1,000 deductible. Since you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at a minimum 17 months between claim filings, you would come out ahead if you choose a higher deductible. The table below illustrates how you can perform this determination yourself.

An important thing to remember is that raising deductibles to get cheaper rates results in having to pay to pay more out-of-pocket when you have to file a claim. You should have enough money in the bank in the event you have to pay the higher deductible.

These discounts can lower your auto insurance rates

Companies do not list every discount they offer in an easy-to-find place, so the list below details a few of the more common as well as some of the hidden credits that you can use to lower your rates.

• Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to buckle their seat belts can save up to 10 percent (depending on the company) off the personal injury premium cost.
• Smart Student Discounts – A discount for being a good student may save you up to 25%. The good student discount can last well after school through age 25.
• Full Payment Discount – By paying your policy upfront rather than spreading payments over time you may have a lower total premium amount.
• Paperless Signup – A few larger companies may give you up to $50 for buying your policy on their website.
• Accident Free – Drivers who don’t have accidents can earn big discounts in comparison with frequent claim filers.
• Senior Citizens – Seniors can possibly qualify for lower premium rates.
• Anti-lock Brake System – Cars with anti-lock braking systems can stop better under adverse conditions so you can save 10 percent or more.
• Low Mileage Discounts – Low annual miles may allow you to get better auto insurance rates on cars that stay parked.
• Early Switch Discount – Some auto insurance companies provide a discount for buying a new policy prior to your current CTS-V insurance policy expiring. Ten percent is about the average savings.

A little disclaimer on discounts, many deductions do not apply to your bottom line cost. Some only apply to specific coverage prices like liability and collision coverage. Even though it may seem like having all the discounts means you get insurance for free, companies wouldn’t make money that way.

A list of auto insurance companies and their offered discounts can be found below.

• State Farm discounts include safe vehicle, good driver, good student, defensive driving training, and accident-free.
• GEICO includes discounts for daytime running lights, anti-theft, air bags, multi-policy, and membership and employees.
• Progressive offers discounts including homeowner, multi-policy, multi-vehicle, good student, online quote discount, online signing, and continuous coverage.
• 21st Century may offer discounts for 55 and older, driver training, good student, anti-lock brakes, teen driver, and student driver.
• American Family has savings for defensive driver, good student, air bags, TimeAway discount, and accident-free.
• The Hartford has discounts for good student, air bag, anti-theft, vehicle fuel type, and defensive driver.
• AAA offers discounts for AAA membership discount, education and occupation, good driver, anti-theft, and good student.

When getting free Austin auto insurance quotes, it’s a good idea to each insurance company to give you their best rates. Depending on the company, some discounts may not be available in every state. If you would like to choose from a list of insurers with significant discounts in Texas, click this link.

Protect your Cadillac CTS-V and other assets

Even though it’s not necessarily cheap to insure a Cadillac in Austin, maintaining insurance may be mandatory for several reasons.

• Just about all states have mandatory insurance requirements which means you are required to buy a specific minimum amount of liability protection if you want to drive legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a lien on your CTS-V, most lenders will make it a condition of the loan that you have physical damage coverage to protect their interest in the vehicle. If you let the policy lapse, the lender may insure your Cadillac at a much higher premium rate and force you to pay the higher premium.
• Auto insurance preserves both your assets and your vehicle. It will also cover medical expenses for yourself as well as anyone injured by you. Liability coverage will also pay attorney fees if you are sued as the result of an accident. If mother nature or an accident damages your car, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.

The benefits of insuring your CTS-V more than cancel out the cost, particularly when you have a large claim. The average driver in Texas is overpaying more than $865 each year so it’s recommended you shop around each time the policy renews to save money.

Shop online but buy locally

Many people still prefer to get professional advice from a licensed agent and that is not a bad decision The biggest benefit of price shopping on the web is the fact that drivers can get lower rates and still buy from a local agent. Buying from neighborhood insurance agencies is definitely important in Austin.

To help locate an agent, after submitting this form (opens in new window), the coverage information is immediately sent to participating agents in Austin who will give you bids for your car insurance coverage. It makes it easy because there is no need to drive around since rate quotes are delivered to you directly. You can find better rates without having to waste a lot of time. If you need to get a comparison quote from one company in particular, you just need to go to their quote page and fill out their quote form.

Pick the best car insurance agent in Austin for you

When looking for an insurance agent, there are two different types of agents to choose from. Austin agents are categorized either exclusive agents or independent agents.

Independent Agents

Independent insurance agents do not sell for just one brand and that allows them to write policies with many different companies and find the cheapest car insurance rates. If you want to switch companies, they simply move your policy to a different company and you don’t have to do anything.

When comparing car insurance rates, you definitely need to include several independent insurance agents to get the best comparison. Many write coverage with smaller companies that may provide cheaper car insurance rates.

Below is a partial list of independent agents in Austin that may be able to provide free car insurance rate quotes.

• Eckert Insurance Group
  824 W 10th St – Austin, TX 78701 – (512) 472-6969 – View Map
• Southwest Insurance Center
  3105 W Slaughter Ln – Austin, TX 78748 – (512) 280-6100 – View Map
• Central Insurance Agency, Inc.
  6000 N Lamar Blvd – Austin, TX 78752 – (512) 451-6551 – View Map

View more agents

Exclusive Car Insurance Agents

These agents can only write with one company like Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agencies are unable to provide prices from multiple companies so they have no alternatives for high prices. They are highly trained on sales techniques and that enables them to sell even at higher rates. Consumers sometimes buy from exclusive agents primarily because of the prominence of the brand rather than low rates.

Below is a short list of exclusive agents in Austin that can give you price quotes.

• Nancy Callahan – State Farm Insurance Agent
  3500 Jefferson St #313 – Austin, TX 78731 – (512) 451-7573 – View Map
• Brandy Whiteside – State Farm Insurance Agent
  3601 W William Cannon Dr #100 – Austin, TX 78749 – (512) 892-5542 – View Map
• Stuart Nalewaik – State Farm Insurance Agent
  1717 W 6th St #214 – Austin, TX 78703 – (512) 382-6019 – View Map

View more agents

Deciding on an car insurance agent needs to be determined by more than just a cheap price quote. These are some questions your agent should answer.

• How many years have they been established?
• Which company do they place the most coverage with?
• Is working in the agency their full-time job?
• How would your car be valued if totalled?
• Who is covered by the car insurance policy?
• Is the agency involved in supporting local community causes?