2012 Cadillac CTS-V Car Insurance Rates in 2024

Trying to find the cheapest insurance rates for your Cadillac CTS-V? Finding cheaper insurance is nearly impossible for beginners to quoting coverage rates online. You have so many different companies and agents to choose from that it can easily turn into a lot of work to find the best price.

Ways to get insurance coverage price quotes

Performing a rate comparison can take hours if you don’t know the most efficient way to do it. You can spend your afternoon driving to insurance companies in your area, or you can stay home and use online quotes to achieve your goal.

Most car insurance companies belong to an insurance system that allows shoppers to submit one quote, and at least one company then returns a price quote based on the submitted data. This prevents consumers from doing quote requests to every company.

To find out how much you can save on insurance coverage enter your zip code here.

The one downside to getting quotes like this is you cannot specify the companies to get pricing from. If you prefer to choose specific providers to compare, we put together a list of companies who write insurance coverage in your area. Click to enter zip code.

Whichever method you choose, be sure to compare exactly the same coverages and limits for each quote you get. If your comparisons have mixed coverages it will be impossible to get a fair rate comparison. Slightly different insurance coverages can result in a big premium difference. Just remember that making a lot of price comparisons will enable you to find the best offered rates.

Do drivers who switch really save $399 a year?

GEICO, State Farm and Progressive regularly use ads in print and on television. All the ads state the claim that you can save just by switching your coverage. How can each company charge less that you’re paying now? It’s all in how they say it.

All the different companies have specific guidelines for the type of driver that earns them the most money. For example, a profitable customer may need to be over the age of 35, has never had a claim, and has a high credit rating. Any new insured that hits that “sweet spot” is entitled to the best price and as a result will probably save quite a bit of money when switching.

Potential customers who don’t measure up to these stringent criteria will probably have to pay more expensive rates and this can result in the prospect going elsewhere. If you pay attention, the ads say “drivers who switch” not “everybody who quotes” save money. This is how companies can truthfully advertise the savings.

This really drives home the point why drivers should get a wide range of price quotes. Because without a comparison, you cannot know which insurance companies will have the lowest premium rates for your situation.

Smart consumers save every year

When buying insurance coverage it’s important to understand the factors that help calculate the price you pay for insurance coverage. If you know what determines base rates, this helps enable you to make changes that could result in lower rates.

The following are some of the major factors that factor into your prices.

• File claims and pay more – Companies award the best rates to people that do not abuse their auto insurance. If you file a lot of claims you can pretty much guarantee increased rates or even have your policy non-renewed. Your car insurance is meant to be used in the event of the large, substantial claims.
• Do you need those incidental coverages? – There are many additional coverages that can add up if you aren’t diligent. Add-on coverages like vanishing deductibles, high-cost glass coverage, and additional equipment coverage may not be needed and are just wasting money. They may seem good at first, but if you’ve never needed them in the past remove them and pocket the money.
• Always have insurance coverage – Driving with no insurance is a misdemeanor and as a result your rates will increase for letting your insurance coverage expire. Not only will rates go up, failure to provide proof of insurance can result in a fine, jail time, or a revoked license.
• Accidents inflate prices – Your driving citation history has a huge affect on how much you pay. Careful drivers receive lower rates than people who have multiple driving citations. Just one chargeable violation can boost insurance rates twenty percent or more. Drivers who get serious tickets like reckless driving or DUI may need to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to legally drive a vehicle.
• Does car insurance cost more for males? – The statistics show females are less aggressive when driving. This data doesn’t prove that females are better at driving than males. Both sexes are in at-fault accidents in similar numbers, but guys have accidents that have higher claims. Men also tend to get ticketed for serious violations like DWI (DUI) or reckless driving.
• Your credit rating is important – Having a bad credit history can be a huge factor in determining what you pay. If your credit score can be improved, you may save money insuring your 2012 Cadillac CTS-V if you clean up your credit. People that have good credit tend to file fewer claims and have better driving records than drivers who have lower ratings.

Car insurance rates and discounts

Auto insurance companies don’t always publicize all possible discounts in a way that’s easy to find, so here is a list some of the best known and also the lesser-known credits that may apply to you.

• Seat Belt Discounts – Drivers who require all vehicle occupants to buckle their seat belts could cut 10% or more off the PIP or medical payment premium.
• Braking Control Discount – Cars, trucks, and SUVs that have steering control and anti-lock brakes can reduce accidents and the ABS can save up to 10%.
• Homeowners Pay Less – Owning your own home or condo can save a few bucks since owning and maintaining a home is proof of financial responsibility.
• Auto/Home Discount – When you have multiple policies and place coverage with the same company you will save nearly 15% which can help you find affordable insurance.
• Full Payment Discount – By paying your entire bill at once rather than paying monthly you may reduce your total bill.
• Telematics Discount – Insureds who allow their insurance company to scrutinize where and when they drive through the use of a telematics system like Drivewise from Allstate or In-Drive from State Farm might see lower rates if they exhibit good driving behavior.

Discounts reduce rates, but you should keep in mind that many deductions do not apply to the whole policy. Some only apply to the price of certain insurance coverages like comprehensive or collision. Despite the fact that it seems like having all the discounts means you get insurance for free, companies wouldn’t make money that way. Any qualifying discounts should help lower the amount you have to pay.

Popular car insurance companies and some of their more popular discounts include:

• GEICO may offer discounts for driver training, defensive driver, daytime running lights, seat belt use, and federal employee.
• USAA offers premium reductions for good student, family discount, loyalty savings, vehicle storage, new vehicle, driver training, and multi-vehicle.
• Progressive has savings for good student, continuous coverage, multi-vehicle, multi-policy, online signing, and online quote discount.
• American Family policyholders can earn discounts including Steer into Savings, TimeAway discount, accident-free, early bird, bundled insurance, and good student.
• Esurance may include discounts for Pac-12 alumni, multi-policy, renters, DriveSense, defensive driver, and emergency road assistance.
• Farmers Insurance includes discounts for good student, early shopping, business and professional, electronic funds transfer, distant student, switch companies, and bundle discounts.
• State Farm offers discounts for multiple autos, driver’s education, student away at school, safe vehicle, and Drive Safe & Save.

If you need cheap insurance quotes, ask all companies you are considering which credits you are entitled to. Depending on the company, some discounts might not be offered on policies in your state. To see insurance companies that offer some of these discounts, enter your zip code here.

Situations that may require an agent’s advice

When it comes to choosing adequate coverage for your personal vehicles, there is no “perfect” insurance plan. Everyone’s situation is unique.

For example, these questions may help highlight if your situation might need an agent’s assistance.

• Am I covered when driving a rental car?
• Does my policy cover me when driving someone else’s vehicle?
• What is the ISO rating for a 2012 Cadillac CTS-V?
• Should I buy full coverage?
• Do I need roadside assistance coverage?
• Why do I only qualify for high-risk insurance?
• Will I be non-renewed for getting a DUI or other conviction?
• Is my teen driver covered when they drive my company car?

If you’re not sure about those questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, simply complete your zip code.

Auto insurance 101

Having a good grasp of your car insurance policy can help you determine the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.

Comprehensive or Other Than Collision

This will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as vandalism, a broken windshield, fire damage and hail damage. The maximum amount a car 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 consider dropping full coverage.

UM/UIM Coverage

This coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and damage to your Cadillac CTS-V.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Liability coverages

This can cover damage or injury you incur to people or other property by causing an accident. This coverage protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Another option is a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims such as loss of income, emergency aid and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as large an amount as possible.

Collision protection

Collision coverage pays to fix your vehicle from damage resulting from a collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as colliding with another moving vehicle, rolling your car, driving through your garage door and scraping a guard rail. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Another option is to raise the deductible to save money on collision insurance.

Medical costs insurance

Medical payments and Personal Injury Protection insurance provide coverage for bills like chiropractic care, rehabilitation expenses, doctor visits, X-ray expenses and surgery. They can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

One last thing about your coverage

When shopping online for insurance coverage, you should never skimp on coverage in order to save money. Too many times, drivers have reduced comprehensive coverage or liability limits and found out when filing a claim that it was a big error on their part. Your focus should be to buy a smart amount of coverage at the best possible price and still be able to protect your assets.

We covered some good ideas how you can get a better price on 2012 Cadillac CTS-V insurance. The key thing to remember is the more quotes you get, the more likely it is that you will get a better rate. You may even discover the lowest prices are with some of the smallest insurance companies.

Cheap 2012 Cadillac CTS-V insurance is possible on the web as well as from insurance agents, and you should be comparing both to have the best selection. Some insurance coverage companies may not provide the ability to get a quote online and usually these smaller companies only sell coverage through independent insurance agents.