Save on Cadillac CTS Insurance in Tampa

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Unbelievably, most car insurance buyers have been with the same company for more than four years, and 38% of customers have never even compared rates from other companies. Most drivers in Florida could save approximately $1,130 a year just by comparing rates, but they underestimate how much money they would save if they changed companies.

Insurance for Cadillac CTSTruthfully, the best way to get affordable Cadillac CTS insurance is to make a habit of regularly comparing prices from insurers in Tampa. This can be done by following these steps.

  • Step 1: Try to learn about auto insurance and the measures you can control to keep rates down. Many rating criteria that drive up the price like high-risk driving behaviors and a not-so-good credit history can be remedied by making minor changes to your lifestyle. Read the full article for ideas to prevent rate hikes and find overlooked discounts.
  • Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from a single company like Progressive or State Farm, while independent agencies can give you price quotes for many different companies.
  • Step 3: Compare the price quotes to your current policy premium to see if you can save by switching companies. If you find a lower rate and decide to switch, ensure there is no coverage lapse between policies.
  • Step 4: Provide notification to your current agent or company to cancel your current auto insurance policy and submit the completed application along with a down payment to your new agent or company. Immediately upon receiving it, store the certificate verifying coverage in an easily accessible location.

A tip to remember is that you use the same physical damage deductibles and liability limits on every quote request and and to analyze as many auto insurance providers as possible. This enables the most accurate price comparison and many rates to choose from.

Our objective is to instruct you on how auto insurance companies operate and some tricks to saving. If you are paying for car insurance now, you stand a good chance to be able to reduce premiums using the techniques covered below. Shoppers just need to know the quickest way to compare company rates on the web.

The companies in the list below provide price quotes in Tampa, FL. If you want the best car insurance in Tampa, we recommend you visit two to three different companies to get the most affordable price.

Insuring your Cadillac CTS just makes sense

Even though it's not necessarily cheap to insure a Cadillac in Tampa, car insurance may be required and benefits you in several ways.

  • Just about all states have minimum mandated liability insurance limits which means state laws require a specific minimum amount of liability insurance coverage if you want to drive legally. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If your CTS has a lienholder, most lenders will make it a condition of the loan that you have physical damage coverage to protect their interest in the vehicle. If the policy lapses, the bank will be required to insure your Cadillac at an extremely high rate and force you to pay a much higher amount than you were paying before.
  • Insurance protects your vehicle and your assets. Insurance will pay for medical expenses for yourself as well as anyone injured by you. One policy coverage, liability insurance, will also pay attorney fees if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, your policy will pay to have it repaired.

The benefits of buying enough insurance more than cancel out the cost, particularly if you ever have a claim. The average driver in America overpays as much as $869 every year so compare rate quotes at least once a year to help ensure money is not being wasted.

Rate information and statistics

The price information below highlights a range of policy rates for Cadillac CTS models. Being aware of how insurance prices are figured can be valuable when making decisions when shopping around.

Cadillac CTS Insurance Rates in Tampa, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS AWD $216 $454 $542 $32 $162 $1,406 $117
CTS $216 $454 $542 $32 $162 $1,406 $117
CTS Luxury AWD $216 $524 $542 $32 $162 $1,476 $123
CTS Performance AWD $216 $524 $542 $32 $162 $1,476 $123
CTS Luxury $216 $524 $542 $32 $162 $1,476 $123
CTS Performance $216 $524 $542 $32 $162 $1,476 $123
CTS Sport $216 $524 $542 $32 $162 $1,476 $123
CTS Premium $240 $524 $542 $32 $162 $1,500 $125
CTS Premium AWD $240 $524 $542 $32 $162 $1,500 $125
Get Your Own Custom Quote Go

Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Table data does not factor in specific location which can revise auto insurance rates greatly.

Physical damage deductible comparison

One of the most common auto insurance questions is which deductible level should you buy. The rates shown below highlight the difference in cost of buying low and high physical damage coverage deductibles. The first set of rates uses a $100 deductible for comp and collision and the second price chart uses a $500 deductible.

Cadillac CTS insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS AWD $406 $764 $418 $24 $124 $1,761 $147
CTS $406 $764 $418 $24 $124 $1,761 $147
CTS Luxury AWD $406 $880 $418 $24 $124 $1,877 $156
CTS Performance AWD $406 $880 $418 $24 $124 $1,877 $156
CTS Luxury $406 $880 $418 $24 $124 $1,877 $156
CTS Performance $406 $880 $418 $24 $124 $1,877 $156
CTS Sport $406 $880 $418 $24 $124 $1,877 $156
CTS Premium $452 $880 $418 $24 $124 $1,923 $160
CTS Premium AWD $452 $880 $418 $24 $124 $1,923 $160
Get Your Own Custom Quote Go
Cadillac CTS insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS AWD $296 $516 $418 $24 $124 $1,378 $115
CTS $296 $516 $418 $24 $124 $1,378 $115
CTS Luxury AWD $296 $594 $418 $24 $124 $1,456 $121
CTS Performance AWD $296 $594 $418 $24 $124 $1,456 $121
CTS Luxury $296 $594 $418 $24 $124 $1,456 $121
CTS Performance $296 $594 $418 $24 $124 $1,456 $121
CTS Sport $296 $594 $418 $24 $124 $1,456 $121
CTS Premium $330 $594 $418 $24 $124 $1,490 $124
CTS Premium AWD $330 $594 $418 $24 $124 $1,490 $124
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Price estimates do not factor in vehicle location which can lower or raise coverage prices substantially.

Based on the figures above, using a $100 deductible will cost in the ballpark of $35 more each month or $420 for a full year than selecting the higher $500 deductible. Since you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you normally go at least 11 months between claim filings, you would most likely save money if you choose a higher deductible.

The information below shows how choosing a deductible and can change Cadillac CTS insurance premiums for different age groups. The data is based on a single male driver, comprehensive and collision coverage, and no discounts are taken into consideration.

How accidents and tickets impact rates

The example below illustrates how violations and at-fault fender-benders drive up Cadillac CTS car insurance costs for different categories of driver ages. The information is based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no policy discounts are applied.

Full coverage versus liability-only

The information below illustrates the comparison of Cadillac CTS insurance premiums when comparing full coverage to state minimum liability only. The premium estimates are based on no driving violations, no at-fault accidents, $250 deductibles, single marital status, and no discounts are applied to the premium.

Should you be buying full coverage?

There is no set rule for phasing out physical damage 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 the vehicle's replacement cost less your deductible, then it might be time to consider dropping full coverage.

For example, let's pretend your Cadillac CTS claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would get paid by your company is $3,000 after you pay the deductible. If you are paying over $300 a year for comprehensive and collision coverage, then it's probably a good time to buy liability coverage only.

There are some cases where dropping full coverage is not a good plan. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should keep full coverage.

Take policy discounts and save on Cadillac CTS insurance in Tampa

Companies offering auto insurance don't always publicize every possible discount very well, so here is a list some of the more common and also the lesser-known ways to save on auto insurance. If you're not getting every credit possible, you are just wasting money.Discount auto insurance

  • Fewer Miles Equal More Savings - Driving fewer miles can qualify you for discounted prices on garaged vehicles.
  • Club Memberships - Having an affiliation with a qualifying organization is a simple method to lower premiums on your bill.
  • Homeowners Savings - Being a homeowner can save a few bucks since home ownership is proof of financial responsibility.
  • Active Service Discounts - Being deployed in the military could mean lower rates.
  • Theft Deterrent System - Vehicles equipped with anti-theft or alarm systems are less likely to be stolen and earn discounts up to 10% off your Tampa car insurance quote.
  • Multi-Vehicle Discounts - Buying coverage for multiple cars or trucks on a single policy can get a discount for every vehicle.
  • Mature Driver Discount - If you qualify as a senior citizen, you can possibly qualify for a small discount on rates.
  • Accident-Free Discounts - Good drivers with no accidents get the best auto insurance rates when compared to accident-prone drivers.
  • Online Discount - Some larger companies will discount your bill up to fifty bucks get Tampa car insurance on their website.
  • Seat Belt Usage - Drivers who require all vehicle occupants to wear their seat belts can save up to 10 percent (depending on the company) off PIP or medical payments premium.

You should keep in mind that some of the credits will not apply to the whole policy. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. Despite the fact that it seems like all the discounts add up to a free policy, company stockholders wouldn't be very happy.

The diagram below shows the difference between Cadillac CTS insurance costs with and without discounts applied to the premium. Data assumes a female driver, no accidents or driving violations, Florida state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, multi-policy, homeowner, safe-driver, and marriage discounts applied.

Popular auto insurance companies and some of their more popular discounts can be found below.

  • State Farm has discounts for defensive driving training, good driver, passive restraint, anti-theft, and Steer Clear safe driver discount.
  • Nationwide may offer discounts for easy pay, family plan, defensive driving, multi-policy, good student, and business or organization.
  • GEICO policyholders can earn discounts including good student, federal employee, daytime running lights, seat belt use, anti-lock brakes, air bags, and anti-theft.
  • AAA includes discounts for good driver, good student, pay-in-full, education and occupation, and multi-car.
  • 21st Century has savings for anti-lock brakes, 55 and older, early bird, theft prevention, defensive driver, and good student.
  • The Hartford discounts include defensive driver, driver training, air bag, bundle, and anti-theft.

When comparing rates, check with every insurance company the best way to save money. Some discounts might not be available to policyholders in your area. To find companies with significant discounts in Tampa, follow this link.

When to talk to a local insurance agent

A small number of people still prefer to get advice from a local agent and doing that can be a smart decision Experienced insurance agents are highly skilled in risk management and give you someone to call. The best thing about comparing rate quotes online is the fact that you can find cheaper premium rates and still buy from a local agent. Supporting small agencies is still important in Tampa.

Find insurance agent in TampaAfter filling out this quick form, your information is sent to insurance agents in Tampa who want to provide quotes for your insurance coverage. It makes it easy because there is no need to even leave your home because quoted prices will be sent to the email address you provide. If you want to compare rates from one company in particular, you just need to visit that company's website to submit a rate quote request.

Auto insurance agents in Tampa come in two varieties

If you want to use a local agent, there are two different types of agencies and how they differ in how they can insure your vehicles. Insurance agents in Tampa are either independent (non-exclusive) or exclusive. Either one can provide insurance policies, but we need to point out the differences because it can impact which agent you choose.

Independent Insurance Agents

Agents that choose to be independent are not employed by one company and that allows them to write policies with lots of companies and find the cheapest insurance rates. If you want to switch companies, your policy is moved internally and you won't have to switch agencies. When comparing rates, you absolutely need to get several quotes from multiple independent agents to get the best comparison.

Listed below is a small list of independent insurance agents in Tampa that may be able to give comparison quotes.

4915 W Cypress St - Tampa, FL 33607 - (888) 269-6019 - View Map

1719 W Fletcher Ave - Tampa, FL 33612 - (813) 849-0125 - View Map

315 W Fletcher Ave - Tampa, FL 33612 - (813) 933-6691 - View Map

More insurance agents

Exclusive Agents

Exclusive agents can usually just insure with one company like Farmers Insurance, American Family, State Farm and Allstate. They are unable to place coverage with different providers so it's a take it or leave it situation. Exclusive agents are usually quite knowledgeable on the products they sell which can be an advantage.

Shown below is a short list of exclusive insurance agents in Tampa who can help you get rate quotes.

8221 Parkedge Dr - Tampa, FL 33637 - (813) 975-1866 - View Map

3204 Cove Bend Dr - Tampa, FL 33613 - (813) 971-1123 - View Map

2734 E Fowler Ave, Ste A - Tampa, FL 33612 - (813) 971-6060 - View Map

More insurance agents

Picking the best insurance agent is decision based upon more than just a low price. Below are some questions you should ask.

  • Do they assist clients in filing claims?
  • How experienced are they in personal risk management?
  • Will you work with the agent or an assistant?
  • Will one accident increase rates?
  • Is auto insurance their primary focus in Tampa?
  • Is every driver in your family covered?
  • Are there any discounts for paying up front?

Keep this in mind when shopping around

More affordable insurance in Tampa can be found on the web and with local Tampa insurance agents, and you need to comparison shop both to have the best rate selection. There are still a few companies who may not offer online quoting and these regional insurance providers only sell coverage through independent insurance agents.

In this article, we presented a lot of information how to save on Cadillac CTS insurance in Tampa. The key concept to understand is the more price quotes you have, the better chance you'll have of finding low cost Tampa car insurance quotes. Drivers may even discover the most savings is with the smaller companies. Regional companies often have lower prices on specific markets compared to the large companies like Progressive or GEICO.

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