Do you want a faster way to compare more affordable Cadillac CTS-V insurance in Aurora? When trying to find more affordable insurance, are you frustrated by the crazy number of car insurance companies available to you? Many other drivers are as well. Vehicle owners have such a vast assortment of companies available that it can quickly become a chore to find the perfect company for you. Aurora is a great place to live, but budgeting for expensive car insurance makes it very hard to afford enough coverage.
It’s an obvious conclusion that car insurance companies don’t want you to look at other companies. Consumers who shop around for cheaper prices are likely to switch to a new company because the odds are good of finding a policy with better rates. Remarkably, a study showed that consumers who shopped around annually saved about $72 a month compared to other drivers who never compared prices.
If finding the most affordable Cadillac CTS-V insurance is your ultimate objective, understanding how to find and compare insurance coverage can make it easier to find better rates.
If you are paying for car insurance now, you stand a good chance to be able to shop for the lowest rates using the techniques covered below. Our objective is to let you in on how to get online quotes and how you can save the most money. Although Colorado consumers benefit from understanding how big insurance companies sell online because it varies considerably.
When comparison shopping, having more price comparisons helps locate the best rates.
The companies shown below provide comparison quotes in Aurora, CO. If you want to find cheaper auto insurance in Colorado, we suggest you get price quotes from several of them to get the best price comparison.
Cadillac CTS-V coverage statistics
The table displayed next showcases different coverage prices for Cadillac CTS-V models. Being more informed about how car insurance prices are figured can be valuable when making smart policy decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CTS-V | $352 | $776 | $280 | $16 | $84 | $1,508 | $126 |
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Price data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Price information does not factor in Aurora location which can raise or lower premiums noticeably.
Choosing deductibles
One common question asked by Aurora drivers is how high should the physical damage coverage deductibles be. The comparisons below outline the rate differences of buying low and high comp and collision deductibles. The first table uses a $100 deductible for comp and collision and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CTS-V | $458 | $936 | $298 | $18 | $90 | $1,825 | $152 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CTS-V | $334 | $632 | $298 | $18 | $90 | $1,372 | $114 |
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Rate information does not factor in specific location information which can increase or decrease coverage prices substantially.
We can estimate from the data above that using a $100 deductible will cost you about $38 more each month or $456 for a full year than opting for the higher $500 deductible. Since you would pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you go at a minimum 11 months between claims, you would more than likely save some money if you elect the higher deductible.
How to calculate when to raise deductibles
| Average monthly premium for $100 deductibles: | $152 |
| Average monthly premium for $500 deductibles (subtract): | – $114 |
| Monthly savings from raising deductible: | $38 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $38 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 11 months |
The diagram below highlights how deductible selection and can increase or decrease Cadillac CTS-V insurance costs for different age groups. The rates are based on a married female driver, comp and collision included, and no discounts are taken into consideration.
Rate comparison of men versus women in Aurora
The illustration below illustrates the difference between Cadillac CTS-V insurance costs for male and female drivers. The premium estimates are based on no tickets, no at-fault accidents, full physical damage coverage, $100 deductibles, drivers are single, and no discounts are taken into consideration.
Full coverage rates compared to liability-only
The chart below shows the comparison of Cadillac CTS-V insurance costs when comparing full coverage to liability only. The price estimates are based on no claims or violations, $1,000 deductibles, single status, and no discounts are taken into consideration.
When to stop buying comprehensive and collision coverage
There isn’t a written rule of when to eliminate physical damage coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
For example, let’s say your Cadillac CTS-V replacement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $3,000 after the policy deductible has been paid. If it’s costing in excess of $300 annually to have full coverage, then you might consider buying liability only.
There are some conditions where only buying liability is not a good idea. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.
Insurance is not optional but you don’t have to overpay
Despite the high cost of buying insurance for a Cadillac CTS-V in Aurora, paying for insurance may be mandatory for several reasons.
- Most states have minimum mandated liability insurance limits which means you are required to buy a minimum amount of liability protection in order to be legal. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If you have a lien on your CTS-V, it’s guaranteed your bank will require that you buy insurance to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Cadillac at a much higher rate and require you to fork over a much higher amount than you were paying before.
- Insurance protects not only your Cadillac CTS-V but also your financial assets. It will also pay for hospital and medical expenses for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, will also pay for a defense attorney if you cause an accident and are sued. If damage is caused by hail or an accident, comprehensive and collision coverage will pay to repair the damage.
The benefits of having insurance are definitely more than the cost, particularly when you have a large claim. But the average American driver is currently overpaying as much as $855 a year so shop around once a year at a minimum to make sure the price is not too high.
How to Lower Your Insurance Rates
Lots of factors are taken into consideration when premium rates are determined. Some of the criteria are obvious like an MVR report, but others are more transparent like your vehicle usage or how safe your car is.
Listed below are a partial list of the pieces used by your company to calculate prices.
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Driving citations are costly – Even one ticket may cause rates to rise to the point where it’s not affordable. Drivers with clean records receive lower rates than people who have multiple driving citations. Drivers who have received multiple violations like DUI or reckless driving may face state-mandated requirements to submit a SR-22 or proof of financial responsibility with their state’s department of motor vehicles in order to prevent a license revocation.
The chart below shows how traffic citations and accident claims drive up Cadillac CTS-V car insurance costs for different age categories. The premiums assume a single male driver, full coverage, $100 deductibles, and no additional discounts are factored in.
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Teenagers are high risk – Teenage drivers in Colorado tend to be inattentive when behind the wheel so car insurance rates are higher. Adding a youthful driver to your policy can increase premiums substantially. More mature drivers are viewed as being more responsible, tend to cause fewer accidents, and get fewer tickets.
The chart below is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.
- No policy lapses saves money – Having an insurance coverage lapse will be a sure-fire way to drive up your policy premiums. In addition to paying higher premiums, not being able to provide proof of insurance could result in a steep fine or even jail time. You may then be required to submit proof of financial responsibility or a SR-22 with the Colorado department of motor vehicles.
- Multi-policy discounts can save money – Lots of insurance companies allow lower prices for people who carry more than one policy such as combining an auto and homeowners policy. Even with this discount, it’s still a good idea to compare Cadillac CTS-V rates in Aurora to verify if the discount is saving money. You may still save even more than the discount by buying car insurance from a different company.
- Vehicle theft costs us all – Driving a car with an alarm system can save you a little every year. Anti-theft devices such as OnStar, LoJack tracking, and tamper alarms can thwart your vehicle from being stolen.
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Cadillac CTS-V insurance claim data – Insurance companies analyze claim trends for every vehicle to help set a rate to offset losses. Models that have higher losses will cost more for specific coverages. The information below illustrates the insurance loss data used by companies for Cadillac CTS-V vehicles.
For each coverage type, the loss probability for all vehicles, as an average, is a value of 100. Numbers under 100 suggest a better than average loss history, while values over 100 point to more losses or an increased chance of a larger loss.
Cadillac CTS-V Insurance Claim Statistics Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Cadillac CTS-V 2dr 174 74 135 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Score discounts on Aurora insurance
Auto insurance companies don’t always publicize every discount they offer in a way that’s easy to find, so below is a list a few of the more well known in addition to some of the lesser obvious insurance savings.
- Student in College – Any of your kids who are enrolled in a college that is more than 100 miles from Aurora and do not have access to a covered vehicle may be insured at a cheaper rate.
- Discount for Life Insurance – Select insurance carriers reward you with a break if you buy some life insurance too.
- No Accidents – Drivers with accident-free driving histories have much lower rates in comparison with drivers who are more careless.
- Discount for Good Grades – Performing well in school can save 20 to 25%. This discount can apply up to age 25.
- First Accident Forgiveness – This one is not really a discount per se, but some companies like State Farm and Allstate will let one accident slide without the usual rate increase with the catch being you have to be claim-free prior to being involved in the accident.
- Professional Organizations – Being a member of qualifying clubs or civic groups could trigger savings on your next renewal.
- Responsible Driver Discounts – Drivers who avoid accidents may save up to 50% more than drivers with accident claims.
- Senior Citizen Discount – Older drivers may qualify for better insurance rates.
- Multi-Vehicle Discounts – Purchasing coverage when you have multiple cars or trucks with the same insurance company can get a discount for every vehicle.
- Renewal Discounts – Some insurance companies reward drivers for buying a new policy prior to your current CTS-V insurance policy expiring. It’s a savings of about 10%.
As a sidenote, many deductions do not apply to the overall cost of the policy. Most only apply to the price of certain insurance coverages like comp or med pay. Even though the math looks like it’s possible to get free car insurance, insurance companies wouldn’t stay in business.
The example below compares Cadillac CTS-V auto insurance costs with and without discounts being applied to the rates. The premiums are based on a male driver, no accidents or driving violations, Colorado state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, marriage, multi-policy, claim-free, and multi-car discounts applied.
The best insurance companies and the discounts they provide are detailed below.
- State Farm may have discounts that include Drive Safe & Save, Steer Clear safe driver discount, safe vehicle, good student, multiple autos, multiple policy, and anti-theft.
- Esurance may include discounts for anti-theft, good student, good driver, multi-car, safety device, and multi-policy.
- Progressive discounts include multi-policy, homeowner, continuous coverage, online signing, online quote discount, good student, and multi-vehicle.
- Liberty Mutual offers discounts including new vehicle discount, hybrid vehicle, multi-car, teen driver discount, multi-policy, good student, and exclusive group savings.
- Auto-Owners Insurance offers premium reductions for air bags, multiple vehicles, safe driver, paid in full, and paperless.
- GEICO includes discounts for air bags, driver training, five-year accident-free, multi-vehicle, and multi-policy.
Check with every company which credits you are entitled to. All car insurance discounts may not apply to policyholders in your state.
Insurance can be complex
Always keep in mind that when comparing insurance from an agent or online for your vehicles, there is no cookie cutter policy. Your needs are unique to you.
These are some specific questions can help discover whether or not you would benefit from professional advice.
- Do I need motorclub coverage?
- Are rock chip repairs covered?
- What happens if I owe more than my Cadillac CTS-V is worth?
- How much liability insurance is required?
- Are all vehicle passengers covered by medical payments coverage?
- Does every company file a SR-22 automatically?
- Am I covered by my spouse’s policy after a separation?
- How much coverage applies to personal belongings?
- How can I get the company to pay a claim?
If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, fill out this quick form.
Car insurance is available from local insurance agents
A lot of people just prefer to visit with an insurance agent and that is a personal choice. An additional benefit of getting online price quotes is the fact that drivers can get the best rates and still buy from a local agent.
To find an agent, once you fill out this quick form, the coverage information is immediately sent to insurance agents in Aurora who will return price quotes for your car insurance coverage. You never need to contact any insurance agencies since rate quotes are delivered directly to you. Get lower rates AND an agent nearby. If for some reason you want to compare rates for a specific company, you just need to search and find their rate quote page and fill out their quote form.
Selecting an company should depend on more than just a low price. The answers to these questions are important, too.
- Are they able to influence company decisions when a claim is filed?
- Can you contact them at any time?
- Is vehicle mileage a factor when determining depreciation for repairs?
- Is the agent and/or agency licensed to do business in Colorado?
- How much can you save by raising your physical damage deductibles?
If you’re trying to find a local agent, you should know the types of agencies and how they operate. Agents can either be independent agents or exclusive agents.
Exclusive Car Insurance Agents
Agents that elect to be exclusive have only one company to place business with like Farmers Insurance, Allstate, or State Farm. Exclusive agencies are unable to give you multiple price quotes so you need to shop around if the rates are high. These agents are trained well in insurance sales which aids in selling service over price. Drivers often choose to use a exclusive agent partially due to the prominent brand name rather than low price.
Listed below are Aurora exclusive agents who can help you get price quotes.
- American Family Insurance – Denise M. Franklyn
13768 E Quincy Ave – Aurora, CO 80015 – (303) 693-8968 – View Map - Allstate Insurance: Bernard Demichelis
15062 E Mississippi Ave – Aurora, CO 80012 – (303) 750-5555 – View Map - Farmers Insurance – Holly Mullins
14221 E 4th Ave #100 – Aurora, CO 80011 – (303) 366-7101 – View Map
Independent Car Insurance Agencies
Agents of this type are not employed by one company and that allows them to write policies through many companies and possibly get better coverage at lower prices. If you are not satisfied with one company, an independent agent can move your coverage and you can keep the same agent. When comparing rates, it’s recommended you get some free quotes from a couple of independent agencies to maximize your price options. They often place coverage with smaller mutual companies which can save you money.
The following is a short list of independent agencies in Aurora that can give you rate quotes.
- Amercian Affordable Insurance: Arthur Blaszczyszn
10660 E Bethany Dr – Aurora, CO 80014 – (303) 577-9998 – View Map - A Complete Auto Insurance Agency
543 Sable Blvd – Aurora, CO 80011 – (303) 650-0060 – View Map - ALINK Insurance Services
3033 S Parker Rd #120 – Aurora, CO 80014 – (303) 752-6479 – View Map
Persistence will pay off
When shopping online for auto insurance, don’t be tempted to buy poor coverage just to save money. In many instances, an accident victim reduced collision coverage only to regret at claim time that they should have had better coverage. Your aim should be to buy the best coverage you can find at the best price, but do not sacrifice coverage to save money.
Lower-priced Cadillac CTS-V insurance in Aurora is possible online and with local Aurora insurance agents, and you need to comparison shop both in order to have the best price selection to choose from. There are still a few companies who may not have price quotes online and usually these small, regional companies sell through independent agents.
Insureds who switch companies do it for many reasons like policy cancellation, being labeled a high risk driver, lack of trust in their agent and delays in paying claims. Regardless of your reason, finding a great new company is easier than you think.
How to find cheaper quotes for Cadillac CTS-V insurance in Aurora
If saving money is your primary concern, then the best way to get discount auto insurance rates in Aurora is to start comparing prices regularly from companies in Colorado. Price quotes can be compared by completing these steps.
Step 1: Take a few minutes and learn about what coverages are included in your policy and the things you can change to prevent expensive coverage. Many risk factors that drive up the price such as inattentive driving and bad credit can be rectified by making minor changes to your lifestyle.
Step 2: Quote rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can provide rates from one company like Progressive or Farmers Insurance, while agents who are independent can provide prices for a wide range of companies.
Step 3: Compare the new quotes to your current policy premium to determine if you can save on CTS-V insurance. If you find a lower rate and decide to switch, make sure coverage does not lapse between policies.
Step 4: Tell your current company of your intention to cancel the current policy. Submit a completed application and payment for your new coverage. Once received, put the proof of insurance certificate with your vehicle’s registration.
The key thing to remember is to use similar deductibles and liability limits on every price quote and and to look at every insurance company. This provides a fair rate comparison and a complete selection of prices.
To learn more, feel free to visit the following helpful articles:
- Determining Auto Insurance Rates (GEICO)
- What Auto Insurance is Cheapest for Nurses in Aurora? (FAQ)
- Protect Yourself Against Auto Theft (Insurance Information Institute)
- Safety Belts FAQ (iihs.org)
- Five Tips to Save on Auto Insurance (Insurance Information Institute)