Compare Cadillac CTS-V Insurance Quotes in Madison

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The most effective way to get affordable auto insurance rates is to make a habit of comparing prices annually from companies who can sell car insurance in Madison. This can be done by following these guidelines.

  • Step 1: It will benefit you to learn about how insurance works and the steps you can take to keep rates low. Many policy risk factors that result in higher prices such as high-risk driving behaviors and an imperfect credit history can be improved by making lifestyle changes or driving safer. Keep reading for tips to get lower rates and earn larger discounts.
  • Step 2: Obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from one company like GEICO and State Farm, while independent agencies can provide price quotes for a wide range of companies.
  • Step 3: Compare the new rates to your existing policy to see if you can save by switching companies. If you find a lower rate and make a switch, verify that coverage does not lapse between policies.
  • Step 4: Notify your agent or company of your intent to cancel your current car insurance policy and submit a down payment along with a completed application to the new company. As soon as you can, keep the new proof of insurance paperwork above your visor, in the console, or in the glove compartment.

One piece of advice is to use the same amount of coverage on every quote request and to quote with as many car insurance companies as possible. Doing this provides the most accurate price comparison and the best price quote selection.

Discount Cadillac CTS-V insuranceIt's a known fact that insurance companies don't want you comparing rates. Consumers who shop around for a cheaper policy are very likely to switch auto insurance companies because there are good odds of finding a cheaper policy. A recent survey revealed that drivers who compared rates once a year saved an average of $70 a month compared to drivers who didn't regularly shop around.

If finding budget-friendly auto insurance in Madison is your ultimate target, then knowing the best ways to shop for insurance can help simplify the task of finding more affordable coverage.

Low Cost companies for Cadillac CTS-V insurance in Wisconsin

The companies in the list below have been selected to offer quotes in Madison, WI. If your goal is to find the best auto insurance in Wisconsin, we recommend you get prices from several of them to find the most competitive car insurance rates.

Rates and information analytics

The rate table below showcases a range of insurance policy prices for Cadillac CTS-V models. Being able to understand how car insurance prices are established can benefit drivers when making smart choices when buying a policy.

Cadillac CTS-V Insurance Rates in Madison, WI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS-V $200 $380 $202 $12 $60 $854 $71
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Information does not factor in Madison location which can decrease or increase coverage prices significantly.

Physical damage deductibles

One common question asked by Madison drivers is at what level do you set your deductibles. The premium rates below help summarize the costs and benefits when you choose different coverage deductibles. The first price estimate table uses a $250 deductible for comp and collision and the second pricing table uses a $500 deductible.

Cadillac CTS-V insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS-V $270 $512 $196 $12 $58 $1,073 $89
Get Your Own Custom Quote Go
Cadillac CTS-V insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS-V $218 $414 $196 $12 $58 $898 $75
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Information does not factor in garaging location in Madison which can change insurance rates substantially.

Based on the figures above, using a $250 deductible will cost in the ballpark of $14 more each month or $168 every year than opting for the higher $500 deductible. Since you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you have at a minimum 18 months between claims, you would probably be better off if you choose the higher deductible.

How to determine if a higher deductible is a good idea

Average monthly premium for $250 deductibles: $89
Average monthly premium for $500 deductibles (subtract): - $75
Monthly savings from raising deductible: $14
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $14
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

One thing to be aware of is that increasing deductibles to lower your rates means you will have to pay more out-of-pocket at claim time. It will be required that you have enough money put aside in the event you need to pay the higher deductible in order to repair your vehicle.

Do you qualify for discounts?

Some companies don't list all available discounts in an easy-to-find place, so the below list has both well-publicized and also the more inconspicuous discounts that you can inquire about if you buy Madison auto insurance online. If you are not receiving all the discounts you qualify for, you're paying more than you need to.Insurance discounts

  • ABS and Traction Control Discounts - Vehicles that have anti-lock braking systems can stop better under adverse conditions and will save you 10% or more on CTS-V insurance in Madison.
  • Professional Organizations - Being a member of qualifying clubs or civic groups may earn a discount on your policy.
  • Accident Forgiveness - This one is not really a discount per se, but some insurance companies permit an accident without raising rates if your claims history is clear before the accident.
  • Pay Upfront and Save - If you can afford to pay the entire bill instead of making monthly payments you may reduce your total bill.
  • Homeowners Savings - Just being a homeowner can earn you a little savings due to the fact that maintaining a home means you have a higher level of financial diligence.
  • Responsible Driver Discount - Drivers who don't get into accidents can save up to 40% or more on their Madison auto insurance quote compared to rates paid by drivers with frequent claims.

Please keep in mind that many deductions do not apply to the overall cost of the policy. Most only apply to individual premiums such as comp or med pay. Even though it appears you can get free auto insurance, you won't be that lucky.

The diagram below shows the comparison of Cadillac CTS-V yearly insurance costs with and without discounts being applied to the rates. The costs are based on a female driver, no accidents, no driving violations, Wisconsin state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, marriage, claim-free, multi-policy, and homeowner discounts applied.

If you would like to view insurers who offer online Cadillac CTS-V insurance quotes in Wisconsin, click this link.

Smart Buyers Can Lower Their Insurance Prices

Part of the car insurance buying process is learning some of the factors that help determine the price you pay for car insurance. If you know what determines base rates, this allows you to make good choices that can help you get cheaper rates. Lots of factors are taken into consideration when pricing auto insurance. Some are obvious such as your driving history, but other factors are less apparent like where you live or your financial responsibility.

  • Do you know you're credit history? - Having a good credit rating can be a huge factor in determining your rates. So if your credit rating is not that good, you may save money insuring your Cadillac CTS-V by spending a little time repairing your credit. Drivers with excellent credit scores tend to be better drivers and file fewer claims than drivers with lower credit ratings.
  • Being married can lower premiums - Having a spouse can get you a discount on your policy. It means you're more financially stable it has been statistically shown that married drivers tend to have fewer serious accidents.
  • Lower mileage equals lower premium - Driving more miles in a year's time the more you'll pay to insure your vehicle. Almost all companies rate vehicles based upon how the vehicle is primarily used. Vehicles that do not get driven very much qualify for better rates than those used for commuting. An incorrectly rated CTS-V is throwing money out the window. It's a good idea to make sure your policy states the right rating data, because improper ratings can cost you money.
  • Your occupation may affect rates - Jobs like judges, executives, and miners generally pay the highest rates in part from stressful work requirements and incredibly demanding work hours. Conversely, occupations such as actors, historians and performers get better rates.
  • Teenagers are high risk - Older drivers are shown to be more cautious, file fewer claims, and receive fewer citations. Teenage drivers are statistically proven to be careless and easily distracted behind the wheel so car insurance rates are higher.

    The chart below assumes a single driver, full coverage with $500 deductibles, and no discounts or violations.

  • Females tend to cost less - Statistics demonstrate females are less aggressive when driving. However, don't assume that men are WORSE drivers than women. Women and men are in accidents in similar numbers, but the males have costlier accidents. Men also tend to get higher numbers of serious violations such as DWI and reckless driving. Young men ages 16 to 20 tend to get in the most accidents and thus pay the highest rates.

    The chart below shows the comparison of Cadillac CTS-V insurance costs for male and female drivers. The premiums assume no tickets, no at-fault accidents, full coverage, $1,000 deductibles, drivers are not married, and no discounts are applied.

  • Theft deterrents systems cut premiums - Driving a car with an alarm system can save you some money. Systems that thwart thieves like LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system can thwart vehicle theft.
  • Cadillac CTS-V insurance loss data - Insurers analyze past claim statistics to calculate a rate that will offset any claims. Vehicles that are shown to have increased claim numbers or amounts will have higher rates.

    The table below outlines the insurance loss data for Cadillac CTS-V vehicles. For each coverage category, the loss probability for all vehicles compiled together is equal to 100. Numbers below 100 suggest losses that are better than average, while values that are above 100 indicate more frequent losses or tendency to have higher losses.

    Insurance Loss Ratings for Cadillac CTS-V Vehicles
    Specific Cadillac Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Cadillac CTS-V 2dr 174 74 135
    BETTER
    AVERAGE
    WORSE

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

Car insurance agents can find coverage gaps

Many drivers just want to sit down and talk to an agent and doing so can bring peace of mind The biggest benefit of getting online price quotes is the fact that drivers can get lower rates and also buy local. Buying insurance from small agencies is especially important in Madison.

Insurance agency in MadisonTo help locate an agent, after submitting this form (opens in new window), the quote information is emailed to insurance agents in Madison who will give competitive quotes for your coverage. There is no need to visit any agencies since price quotes are sent instantly to you. Get lower rates and work with a local agent. If you have a need to get a comparison quote from one company in particular, don't hesitate to go to their quote page and fill out their quote form.

When narrowing the list to find a local Madison insurance agency, there are two types of insurance agents and how they operate. Agencies in Madison can be categorized as either independent or exclusive.

Independent Car Insurance Agents (or Brokers)

Independent agencies are not limited to a single company so they have the ability to put coverage with any number of different companies enabling the ability to shop coverage around. If they find a lower price, the business is moved internally and you don't have to switch agencies. When comparison shopping, you will want to contact several independent insurance agents to have the most options to choose from. A lot of them also have access to mutual insurance companies that many times have cheaper rates.

Listed below is a list of independent agents in Madison who can help you get free car insurance rate quotes.

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Exclusive Insurance Agencies

Agents of this type work for only one company such as State Farm, Allstate, or Farmers Insurance. Exclusive agents are unable to provide other company's prices so keep that in mind. Exclusive insurance agents are highly trained on their company's products which helps them compete with independent agents. Some people will only use the same agent mainly due to high brand loyalty and the convenience of having a single billing for all their coverages.

The following is a list of exclusive agents in Madison willing to provide price quote information.

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Finding a good insurance agent shouldn't rely on just the quoted price. These questions are important to ask:

  • Which members of your family are coverage by the policy?
  • Will the quote change when the policy is issued?
  • Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
  • Is vehicle damage repaired with OEM or aftermarket parts?
  • Is there a 24/7 contact number?

Quote. Compare. Save.

As you go through the steps to switch your coverage, do not sacrifice coverage to reduce premiums. Too many times, someone sacrificed full coverage only to find out that the savings was not a smart move. The goal is to find the BEST coverage at the best cost but still have enough coverage for asset protection.

Cheap Cadillac CTS-V insurance in Madison can be found from both online companies and from local insurance agents, so you need to shop Madison auto insurance with both so you have a total pricing picture. There are still a few companies who may not offer price quotes online and many times these smaller providers provide coverage only through independent insurance agents.

We just covered many ideas to lower your Cadillac CTS-V insurance premium rates in Madison. The most important thing to understand is the more price quotes you have, the better your chances of lowering your prices. You may even find the best price on insurance is with a smaller regional carrier.

Additional detailed information can be found by following these links: