Car Insurance Quotes for a Cadillac CTS-V in Fresno

Discount Cadillac CTS-V insuranceWould you prefer to buy cheaper Cadillac CTS-V insurance in Fresno? Finding better insurance prices for a Cadillac CTS-V in California could be an all-consuming task, but you can learn our car insurance buying tips to make it easier.

There are more efficient ways to buy car insurance and we’ll show you the proper way to get price quotes for your Cadillac and get the lowest price from both online companies and Fresno agents.

It’s a fact that car insurance companies don’t want their policyholders to compare prices. Drivers who shop around for the cheapest price are highly likely to buy a new policy because there is a good probability of finding a policy with more affordable rates. A recent car insurance study discovered that people who compared rates once a year saved an average of $865 a year compared to people who never compared other company’s rates.

If finding budget-friendly insurance in Fresno is your ultimate target, then having a good understanding the best way to compare coverage rates can save time and money.

It’s a good idea to shop coverage around once or twice a year because prices change regularly. If you had the best deal on Cadillac CTS-V insurance in Fresno a year ago you can probably find a better rate quote now. Forget anything you know (or think you know) about car insurance because I’m going to let you in on the secrets to the proper way to get good coverage on Cadillac CTS-V insurance in Fresno at a lower rate.

The car insurance companies shown below are our best choices to provide free quotes in California. To get cheap auto insurance in Fresno, we suggest you visit as many as you can to find the most competitive car insurance rates.

Rates and other information

The information displayed next highlights different insurance costs for Cadillac CTS-V models. Having a good grasp of how insurance quotes are calculated can aid in making informed coverage decisions.

Cadillac CTS-V Insurance Rates in Fresno, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS-V $382 $732 $386 $22 $116 $1,638 $137
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Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Premium amounts do not factor in zip code location which can influence auto insurance rates noticeably.

Physical damage deductibles: Should you raise them?

One frequently asked question is the level to set your comp and collision deductibles. The following insurance rates determine the cost difference between high and low comp and collision deductibles. The first pricing table uses a $100 deductible and the second price grid uses a $1,000 deductible.

Cadillac CTS-V insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS-V $576 $1176 $376 $22 $112 $2,287 $191
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Cadillac CTS-V insurance rates 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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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Table data does not factor in garaging location in Fresno which can raise or lower coverage prices significantly.

Based on this data, using a $100 deductible costs an average of $70 more each month or $840 annually than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go at least 13 months between claims, you would most likely save money if you opt for a higher deductible.

The illustration below illustrates how choosing a deductible and can change Cadillac CTS-V insurance premiums for each different age group. The rates are based on a single female driver, full coverage, and no discounts are applied.

Insurance rates are higher with tickets and accidents

The diagram below demonstrates how traffic citations and at-fault accidents can affect Cadillac CTS-V insurance prices for different categories of driver ages. The price estimates are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.

Rate difference between full and liability-only coverage

The information below illustrates the difference between Cadillac CTS-V insurance rates with full physical damage coverage and with liability coverage only. The price estimates are based on no claims or violations, $500 deductibles, drivers are single, and no discounts are applied to the premium.

When to switch to liability coverage only

There isn’t a steadfast formula to exclude comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is about 10% or more of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.

For example, let’s say your Cadillac CTS-V replacement cost is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $5,000 after the policy deductible has been paid. If you are paying more than $500 annually to have full coverage, the it may be a good time to stop paying for full coverage.

There are some cases where only buying liability is not recommended. If you haven’t paid off your loan, you have to carry full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not eliminate full coverage.

What Affects Cadillac CTS-V Insurance Premiums?

Many things are part of the equation when you get a price on insurance. A few of the factors are predictable like your driving record, but some are less obvious like your continuous coverage or how financially stable you are.

The list below includes a partial list of the pieces car insurance companies consider when setting your premiums.

The type of car you drive affects your premiums – The type of car you need insurance for makes a huge difference in how high your rates are. Smaller low performance passenger models usually have the lowest rates, but that’s not the only thing that factors into the final price.

The following data is based on a single female driver age 50, full coverage with $250 deductibles, and no discounts or violations. It shows Cadillac CTS-V car insurance rates compared to other makes and models that have a range of performance rating factors.

Only buy coverage you need – Policies have extra add-on coverages you can purchase if you don’t pay attention. Things like replacement cost coverage, high-cost glass coverage, and term life insurance may not be needed and are just wasting money. They may seem like a good idea when talking to your agent, but now you might not need them so eliminate the coverages to reduce your premium.

Never allow your policy to lapse – Allowing your coverage to lapse can be a sure-fire way to drive up your policy premiums. Not only will you pay more, getting caught without coverage may earn you a hefty fine and possibly a revoked license.

Marriage equates to better premiums – Being married may earn you lower rates compared to being single. Having a significant other demonstrates that you tend to be more responsible and it’s statistically proven that drivers who are married are more cautious.

Teenage drivers are expensive to insure – Drivers with little experience are proven to get distracted easily when driving so they pay higher car insurance rates. Older insureds are shown to be more cautious, file fewer claims, and are generally more financially stable.

The data below uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.

More than one policy can earn a discount – Most car insurance companies afford discounts to people who carry more than one policy. It’s known as a multi-policy discount. The amount of the discounts can be five, ten or even twenty percent. If you currently are using one company, you may still want to shop around to guarantee you are still saving the most.There is a good possibility that you can find better rates by buying from different companies

Cadillac CTS-V historical loss data – Insurance companies take into consideration insurance loss statistics for every vehicle to calculate a price that will offset any claims. Models that the statistics show to have higher loss trends will have a higher cost to insure. The table below illustrates the loss history for Cadillac CTS-V vehicles.

For each coverage category, the claim amount for all vehicles combined as an average is a value of 100. Percentage numbers below 100 represent a good loss history, while numbers that are greater than 100 point to more frequent losses or statistically larger losses.

Cadillac CTS-V Insurance Claim Statistics
Specific Cadillac Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Cadillac CTS-V 2dr 174 74 135

Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Buying the right vehicle insurance in California is an important decision

Even though Fresno CTS-V insurance rates can get expensive, insurance is mandatory in California but it also protects more than you think.

The benefits of having insurance outweigh the cost, particularly if you ever have a claim. The average driver in California overpays as much as $855 a year so smart consumers compare quotes each time the policy renews to save money.