Cadillac CTS Insurance Quotes in Lubbock

Would you like to stop wasting money and find the cheapest Cadillac CTS insurance in Lubbock? High-priced auto insurance in Lubbock can consume your accounts and possibly require you to analyze your spending habits. Comparing cost estimates can save money and help to slash your bill and have more diposable income.

It’s well known that insurance companies don’t want you to look at other companies. Drivers who compare other rates will presumably switch to a new company because there is a good chance of finding a more affordable policy. A recent survey found that drivers who made a habit of comparing rate quotes saved $850 each year compared to other drivers who never compared rates.

If finding the most affordable Cadillac CTS insurance is why you’re here, then having an understanding of how to find and compare insurance rates can help simplify the process.

Since you have so many insurance companies to choose from that have lower-cost insurance for a Cadillac CTS in Lubbock, it can be difficult for drivers to choose the lowest cost auto insurance provider.

It’s a good idea to shop coverage around yearly because rates are adjusted regularly by insurance companies. Even if you think you had the best deal on Cadillac CTS insurance in Lubbock last year there is a good chance you can find better prices now. There is a lot of bad advice regarding CTS insurance online, but you can learn some of the best ways to lower your auto insurance bill.

It’s important to know that comparing all the rates in your area will enable you to find more affordable insurance. Some companies don’t provide rate quotes online, so it’s recommended that you also compare quotes from the smaller companies as well.

The companies shown below have been selected to offer quotes in Lubbock, TX. If your goal is to find cheap auto insurance in Lubbock, it’s a good idea that you compare several of them to find the most affordable auto insurance rates.

These seven discounts can lower your auto insurance quotes

Some insurance providers do not list every available discount in a way that’s easy to find, so the next list breaks down both the well known in addition to some of the lesser obvious discounts you could be receiving when you buy Lubbock auto insurance online.

• Paper-free Discount – A few auto insurance companies may give you up to $50 for completing your application on their website.
• Full Payment Discount – If you pay your bill all at once instead of making monthly payments you can actually save on your bill.
• Membership in Organizations – Affiliation with a qualifying organization can get you a small discount when getting a Lubbock auto insurance quote.
• Anti-lock Brake System – Anti-lock brake equipped vehicles can reduce accidents so you can save 10 percent or more.
• Theft Prevention System – Cars, trucks, and SUVs equipped with anti-theft or alarm systems can help prevent theft and that can save you a little bit as well.
• Driver’s Education for Students – Make teen driver coverage more affordable by requiring them to successfully take a driver’s education course in school.
• Seat Belts Save more than Lives – Drivers who always wear seat belts and also require passengers to fasten their seat belts can save up to 15% off the PIP or medical payment premium.

It’s important to understand that most of the big mark downs will not be given to the entire policy premium. Some only reduce the cost of specific coverages such as medical payments or collision. Even though it appears having all the discounts means you get insurance for free, it’s just not the way it works.

The example below visualizes the comparison of Cadillac CTS insurance premiums with and without discounts. The premiums are based on a male driver, no accidents, no driving violations, Texas state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, homeowner, multi-policy, safe-driver, and claim-free discounts applied.

Some of the larger companies that may include many of the previously listed discounts include:

• State Farm
• Liberty Mutual
• American Family
• Progressive
• Farmers Insurance
• Auto-Owners Insurance
• SAFECO

If you want inexpensive Lubbock auto insurance quotes, ask each company what discounts are available to you. Some discounts listed above may not be offered in every state. To see a list of insurers that offer many of these discounts in Lubbock, click here.

Cadillac CTS detailed coverage information

The premium information displayed next outlines detailed analysis of coverage prices for Cadillac CTS models. Having a good understanding how policy rates are calculated can help you make decisions when choosing a new policy provider.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Information does not factor in Lubbock location which can influence coverage rates significantly.

Should you raise deductibles?

When shopping for car insurance, a common question is which comprehensive and collision deductibles to buy. The rates shown below highlight the price difference when you choose different comp and collision deductibles. The first table uses a $100 deductible for comp and collision and the second set of prices uses a $500 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Table data does not factor in zip code location which can decrease or increase rates noticeably.

We can derive from the above data that using a $100 deductible costs about $32 more each month or $384 each year across all Cadillac CTS models than opting for the higher $500 deductible. Since the policyholder would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to go at a minimum 13 months between claim filings, you would probably come out ahead by selecting a higher deductible.

The illustration below shows how choosing a deductible and can influence Cadillac CTS insurance costs for different ages of insureds. The premium estimates are based on a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.

Car insurance rates by age and gender in Lubbock

The illustration below shows the difference between Cadillac CTS insurance costs for male and female drivers. The premium estimates are based on no violations or accidents, comp and collision included, $100 deductibles, drivers are not married, and no discounts are taken into consideration.

Full coverage versus liability-only in Lubbock

The chart below visualizes the comparison of Cadillac CTS insurance costs with and without physical damage coverage. Data assumes no tickets, no at-fault accidents, $250 deductibles, drivers are not married, and no discounts are factored in.

Should you pay for full coverage?

There is no definitive formula to stop buying full coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let’s pretend your Cadillac CTS replacement cost is $7,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $6,000 after paying your deductible. If premiums are more than $600 a year for your policy with full coverage, then you might want to think about dropping full coverage.

There are some scenarios where dropping physical damage coverage is not advised. If you still owe money on your vehicle, you are required to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.

Are car insurance agents a thing of the past?

Certain consumers still prefer to visit with an insurance agent and that is a personal choice. One of the best bonuses of comparing rates online is that drivers can save money and get lower rates and still buy from a local agent. And supporting local agents is especially important in Lubbock.

By using this short form, the coverage information is immediately sent to participating agents in Lubbock who will give you quotes for your auto insurance coverage. You won’t even need to search for an agent since price quotes are sent to you. You can find the lowest rates without having to waste a lot of time. In the event you want to get a comparison quote for a specific company, you can always navigate to their website and fill out their quote form.

Auto insurance agents in Lubbock come in two varieties

When researching local Lubbock agents, it helps to know the two different agency structures and how they differ in how they quote coverages. Agencies in Lubbock are considered either exclusive or independent agents depending on their company appointments.

Independent Agents (or Brokers)

Independent agents are not limited to a single company so they can write business with lots of companies and find the cheapest auto insurance rates. If they quote lower rates, an independent agent can move your coverage and you stay with the same agent.

When comparing auto insurance prices, it’s a good idea to get some free quotes from several independent insurance agents in order to have the best price comparison.

Listed below are Lubbock independent insurance agents that may be able to give you rate quotes.

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Exclusive Insurance Agents

Agents of this type can only provide one company’s prices such as State Farm, Allstate, and Farm Bureau. Exclusive agents are unable to shop your coverage around so it’s a take it or leave it situation. Exclusive insurance agents are highly trained on what they offer which helps overcome the inability to quote other rates.

The following are exclusive agents in Lubbock that are able to give comparison quotes.

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Selecting an insurance agency should depend on more than just the premium amount. Any good agent in Lubbock should know the answers to these questions.

• What is the agency’s Better Business Bureau rating?
• How much will you save each year by using a higher deductible?
• Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
• Is there a 24/7 contact number?
• Is the agency covered by Errors and Omissions coverage?
• Will the quote change when the policy is issued?
• How long has their agency been open in Lubbock?
• Is the agent properly licensed in Texas?

Three reasons to insure your Cadillac CTS

Despite the high cost of buying insurance for a Cadillac CTS in Lubbock, paying for auto insurance is not optional due to several reasons.

• Almost all states have minimum mandated liability insurance limits which means you are required to buy a minimum amount of liability in order to drive the car 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 your CTS has a loan, it’s most likely the lender will require that you have insurance to guarantee payment of the loan. If you let the policy lapse, the bank may buy a policy for your Cadillac at a more expensive rate and force you to reimburse them for the much more expensive policy.
• Insurance safeguards both your Cadillac CTS and your assets. It will also provide coverage for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance 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 (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.

The benefits of having insurance definitely exceed the cost, especially with large liability claims. On average, a vehicle owner in Lubbock overpays more than $850 per year so you should quote your policy with other companies each time the policy renews to be sure current rates are still competitive.

Coverage specifics

Knowing the specifics of a insurance policy helps when choosing appropriate coverage for your vehicles. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Listed below are the normal coverages offered by insurance companies.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits (Texas limits are 30/60/25), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Comprehensive auto coverage

This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like hitting a bird, falling objects, damage from getting keyed, hail damage and vandalism. The most your insurance company will pay is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for collisions

Collision insurance pays for damage to your CTS from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like hitting a parking meter, rolling your car, sideswiping another vehicle, crashing into a building and driving through your garage door. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to raise the deductible on your CTS to save money on collision insurance.

Auto liability insurance

This coverage can cover injuries or damage you cause to a person or their property by causing an accident. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 30/60/25 which stand for $30,000 in coverage for each person’s injuries, $60,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for claims like repair bills for other people’s vehicles, funeral expenses, emergency aid, bail bonds and court costs. How much liability should you purchase? That is up to you, but buy as high a limit as you can afford. Texas state law requires minimum liability limits of 30/60/25 but you should consider buying more liability than the minimum.

The illustration below shows why buying minimum limits may not be enough.

Medical payments and PIP coverage

Med pay and PIP coverage provide coverage for bills like EMT expenses, doctor visits and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Find cheap rates by comparing often

Budget-friendly auto insurance in Lubbock is definitely available on the web and with local Lubbock insurance agents, and you need to comparison shop both to get a complete price analysis. There are still a few companies who do not offer online rate quotes and these regional carriers only sell through independent agents.

When searching for affordable Lubbock auto insurance quotes, make sure you don’t sacrifice coverage to reduce premiums. Too many times, an insured cut full coverage and learned later they didn’t purchase enough coverage. The ultimate goal is to find the BEST coverage for the lowest price while not skimping on critical coverages.

How to find affordable Cadillac CTS insurance in Lubbock

The preferred way to find affordable quotes for Cadillac CTS insurance in Lubbock is to compare prices at least once a year from providers who can sell car insurance in Texas. Prices can be compared by completing these steps.

• Step 1: Try to learn a little about what coverages are included in your policy and the factors you can control to prevent rate increases. Many risk factors that result in higher prices like getting speeding tickets and a bad credit rating can be rectified by making minor driving habit or lifestyle changes.
• Step 2: Compare prices from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only quote rates from one company like Progressive or State Farm, while independent agents can provide price quotes from multiple insurance companies. Find a Lubbock insurance agent
• Step 3: Compare the new rate quotes to your existing rates to see if cheaper CTS coverage is available. If you find a lower rate quote, verify that coverage does not lapse between policies.
• Step 4: Notify your company or agent of your intention to cancel your current car insurance policy and submit payment and a completed application to the newly selected company. Once the paperwork is finalized, keep the new certificate verifying proof of insurance along with the vehicle’s registration papers.

An important note is to try to compare the same amount of coverage on every quote request and and to get rate quotes from every insurance company. Doing this ensures a fair rate comparison and plenty of rates choose from.

To learn more, feel free to visit the following helpful articles:

• How Much Auto Coverage do I Need? (Insurance Information Institute)
• Who Has the Cheapest Lubbock Auto Insurance for Single Moms? (FAQ)
• How Much are Auto Insurance Quotes for Government Employees in Lubbock? (FAQ)
• Who Has Affordable Auto Insurance Quotes for Unemployed Drivers in Lubbock? (FAQ)
• Medical Payments Coverage (Liberty Mutual)
• Parking Tips to Reduce Door Dings (State Farm)
• What is Covered by GAP Insurance? (Allstate)
• What is a Telematics Device? (Allstate)