Cadillac CTS Insurance Quotes in Newark

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Anyone knows that auto insurance companies want to keep you from comparing prices. Drivers who compare price quotes will most likely switch companies because the odds are good of finding coverage at a cheaper rate. A recent survey discovered that consumers who compared price quotes annually saved $850 each year as compared to drivers who don't regularly compare prices.

If saving money on auto insurance in Newark is your ultimate objective, then having a grasp of the best ways to find and compare insurance coverage can make it simple to find affordable coverage.

Insurance rates Cadillac CTS in NewarkTo save the most money, the best way to get the cheapest car insurance rates in Newark is to start comparing rates regularly from insurance carriers that sell auto insurance in New Jersey.

  1. Take a few minutes and learn about auto insurance and the things you can change to keep rates down. Many things that result in higher rates such as speeding and a poor credit score can be controlled by making small lifestyle or driving habit changes. Keep reading for additional tips to get lower rates and earn larger discounts.
  2. Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like Progressive or Allstate, while independent agencies can give you price quotes from many different companies.
  3. Compare the price quotes to the price on your current policy to see if cheaper CTS coverage is available in Newark. If you find a better price and decide to switch, make sure coverage does not lapse between policies.
  4. Provide adequate notice to your current company to cancel your current car insurance policy and submit a down payment along with a signed application to your new carrier. Once coverage is bound, place your new proof of insurance certificate somewhere easily accessible.

A good tip to remember is that you use similar coverage information on every price quote and and to get rates from as many different insurance providers as possible. This guarantees a fair rate comparison and a complete selection of prices.

If you have a current car insurance policy, you will be able to buy cheaper car insurance using these tips. Buying affordable car insurance in Newark can initially seem challenging. Nevertheless, New Jersey car owners must understand the way companies market on the web because it can help you find the best coverage.

The quickest way to compare car insurance rates for Cadillac CTS insurance in Newark is to know the fact most of the bigger providers will pay a fee to compare rate quotes. The one thing you need to do is spend a couple of minutes providing details like driver ages, if you lease or own, if it has an anti-theft system, and deductibles desired. That rating information is automatically sent to multiple insurance providers and you get price estimates instantly to find the best rate.

If you wish to get multiple quotes for your Cadillac CTS now, click here and complete the form.

The car insurance companies shown below offer price comparisons in New Jersey. If multiple companies are listed, it's a good idea that you compare several of them to get the best price comparison.

Save money by taking advantage of discounts

Auto insurance companies don't list every policy discount in an easy-to-find place, so the following list contains both the well known as well as the least known discounts you could be receiving when you buy Newark car insurance online.Save money with discounts

  • Waiver for an Accident - Not necessarily a discount, but a handful of insurance companies permit an accident without getting socked with a rate hike if you are claim-free prior to being involved in the accident.
  • No Accidents - Insureds with no claims or accidents can earn big discounts as opposed to accident-prone drivers.
  • Savings for New Vehicles - Buying a new car model can cost up to 25% less because newer models keep occupants safer.
  • Professional Organizations - Joining certain professional organizations is a simple method to lower premiums when getting a Newark car insurance quote.
  • Multi-car Discount - Drivers who insure more than one vehicle on one policy can get a discount for every vehicle.

While discounts sound great, it's important to understand that most discount credits are not given to the entire cost. Some only apply to specific coverage prices like medical payments or collision. If you do the math and it seems like all the discounts add up to a free policy, companies don't profit that way. But any discount will cut the amount you have to pay.

The illustration below illustrates the difference between Cadillac CTS car insurance costs with and without discounts. The rates are based on a female driver, a clean driving record, no at-fault accidents, New Jersey state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, safe-driver, multi-policy, marriage, and homeowner discounts applied.

A few popular companies and some of the discounts can be read below.

  • State Farm has discounts for student away at school, good driver, passive restraint, anti-theft, multiple autos, good student, and Steer Clear safe driver discount.
  • Liberty Mutual offers premium reductions for multi-policy, new move discount, newly married, new graduate, and hybrid vehicle.
  • American Family has savings for multi-vehicle, TimeAway discount, early bird, air bags, and defensive driver.
  • Progressive discounts include continuous coverage, good student, online quote discount, multi-policy, online signing, and multi-vehicle.
  • Farmers Insurance may include discounts for teen driver, early shopping, youthful driver, multi-car, pay in full, alternative fuel, and bundle discounts.
  • Auto-Owners Insurance offers discounts for student away at school, air bags, teen driver, safe driver, anti-lock brakes, and multi-policy.
  • SAFECO may offer discounts for anti-lock brakes, accident prevention training, drive less, bundle discounts, safe driver, and homeowner.

If you need inexpensive Newark car insurance quotes, ask every company which discounts they offer. Some discounts listed above might not be offered everywhere. If you would like to view insurance companies who offer cheap Cadillac CTS insurance quotes in New Jersey, follow this link.

Rates and statistics

The rate table shown next highlights detailed analysis of policy rates for Cadillac CTS models. Having knowledge of how insurance prices are figured can help you make decisions when choosing a new policy provider.

Cadillac CTS Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS AWD $340 $594 $480 $28 $144 $1,586 $132
CTS $340 $594 $480 $28 $144 $1,586 $132
CTS Luxury AWD $340 $684 $480 $28 $144 $1,676 $140
CTS Performance AWD $340 $684 $480 $28 $144 $1,676 $140
CTS Luxury $340 $684 $480 $28 $144 $1,676 $140
CTS Performance $340 $684 $480 $28 $144 $1,676 $140
CTS Sport $340 $684 $480 $28 $144 $1,676 $140
CTS Premium $380 $684 $480 $28 $144 $1,716 $143
CTS Premium AWD $380 $684 $480 $28 $144 $1,716 $143
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Rates do not factor in garaging location in Newark which can increase or decrease coverage prices considerably.

Deductible comparison

When shopping for car insurance, a common question is which comprehensive and collision deductibles to buy. The following tables summarize the price difference of buying low and high policy deductibles. The first data set uses a $100 deductible for comp and collision and the second price grid uses a $1,000 deductible.

Cadillac CTS insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS AWD $466 $880 $480 $28 $144 $2,023 $169
CTS $466 $880 $480 $28 $144 $2,023 $169
CTS Luxury AWD $466 $1014 $480 $28 $144 $2,157 $180
CTS Performance AWD $466 $1014 $480 $28 $144 $2,157 $180
CTS Luxury $466 $1014 $480 $28 $144 $2,157 $180
CTS Performance $466 $1014 $480 $28 $144 $2,157 $180
CTS Sport $466 $1014 $480 $28 $144 $2,157 $180
CTS Premium $520 $1014 $480 $28 $144 $2,211 $184
CTS Premium AWD $520 $1014 $480 $28 $144 $2,211 $184
Get Your Own Custom Quote Go
Cadillac CTS insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS AWD $258 $464 $480 $28 $144 $1,374 $115
CTS $258 $464 $480 $28 $144 $1,374 $115
CTS Luxury AWD $258 $534 $480 $28 $144 $1,444 $120
CTS Performance AWD $258 $534 $480 $28 $144 $1,444 $120
CTS Luxury $258 $534 $480 $28 $144 $1,444 $120
CTS Performance $258 $534 $480 $28 $144 $1,444 $120
CTS Sport $258 $534 $480 $28 $144 $1,444 $120
CTS Premium $288 $534 $480 $28 $144 $1,474 $123
CTS Premium AWD $288 $534 $480 $28 $144 $1,474 $123
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Table data does not factor in specific location which can affect coverage prices considerably.

Using the premium rates above, we can conclude that using a $100 deductible costs an average of $58 more each month or $696 every year than selecting the higher $1,000 deductible. Since you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average at least 16 months between claims, you would probably save some money if you elect the higher deductible.

Calculate savings of higher deductibles

Average monthly premium for $100 deductibles: $178
Average monthly premium for $1,000 deductibles (subtract): - $120
Monthly savings from raising deductible: $58
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $58
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 16 months

One thing to note is that a higher deductible level results in having to pay to pay more out-of-pocket at claim time. That will require some extra savings in order to pay the deductible to have repairs made.

The illustration below illustrates how your choice of deductibles and can raise or lower Cadillac CTS yearly insurance costs for different age groups. The costs are based on a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.

Cadillac CTS insurance rates by gender in Newark

The information below compares Cadillac CTS car insurance costs for male and female drivers. Data assumes no driving violations, no at-fault accidents, comp and collision included, $500 deductibles, drivers are single, and no other discounts are factored in.

Liability only or full coverage

The example below shows the difference between Cadillac CTS auto insurance rates with full coverage compared to only the New Jersey minimum liability coverage. The premium estimates are based on no driving violations, no at-fault accidents, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

Guidelines for dropping full coverage

There is no specific rule of when to phase out physical damage coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.

For example, let's say your Cadillac CTS replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $4,000 after paying your policy deductible. If premiums are more than $400 annually for full coverage, then it's probably a good time to buy liability coverage only.

There are some situations where only buying liability is not financially feasible. If you still owe money on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.

Learn How to Lower Your Insurance Prices

Lots of things are considered when premium rates are determined. Some are pretty understandable such as your driving history, but some are more transparent such as your credit history or your vehicle rating.

The items below are a partial list of the pieces used by insurance companies to determine prices.

Do you need those add-on coverages? - Insurance companies have many add-on coverages that sound like a good idea at the time if you aren't careful. Coverages like personal injury protection, accident forgiveness, and extra equipment coverage may be costing you every month. The coverages may be enticing when discussing your needs, but if they're wasting money think about removing them and cutting costs.

Allowing your auto insurance policy to lapse raises auto insurance rates - Driving without insurance is a misdemeanor and auto insurance companies will penalize you for letting your insurance lapse. And not only will your rates increase, being ticketed for driving with no insurance might get you a fine, jail time, or a revoked license. You may then have to prove you have insurance by filing a SR-22 with the New Jersey motor vehicle department.

Raise deductibles and save - The deductibles are the amount of money you are required to spend before your auto insurance pays a claim. Physical damage insurance, also called comprehensive and collision insurance, covers damage that occurs to your car. A few examples of covered claims could be a windshield broken by a bird, damage caused by hail, and damage from wind. The more you're willing to pay, the less your auto insurance will be.

Accidents hurt - Having just one moving violation can bump up the cost by as much as thirty percent. Good drivers pay less for auto insurance compared to drivers with tickets. Drivers who get license-revoking citations like reckless driving, hit and run or driving under the influence may face state-mandated requirements to submit a SR-22 form with their state DMV in order to prevent a license revocation.

The illustration below illustrates how traffic citations and at-fault claims raise Cadillac CTS yearly insurance costs for different age groups. The information is based on a married male driver, comp and collision included, $250 deductibles, and no additional discounts are factored in.

Do safer cars cost less to insure? - Safe vehicles can get you lower premiums. Safe vehicles reduce injuries and fewer injuries means your insurance company pays less and cheaper rates on your policy. If your Cadillac CTS is rated at least an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.

Cadillac CTS insurance loss data - Insurers factor in historical loss data in order to profitably underwrite each model. Vehicles that the data determines to have higher claim frequency or loss amount will cost more to insure.

The table below demonstrates the insurance loss data used by companies for Cadillac CTS vehicles. For each coverage category, the loss probability for all vehicles, without regard to make or model, is equal to 100. Values that are under 100 suggest losses that are better than average, while values that are above 100 point to more claims or an increased chance of a larger loss.

Cadillac CTS Insurance Loss Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Cadillac CTS 4dr 2WD 123 72 118 73
Cadillac CTS 4dr 4WD 127 75 98 75
Cadillac CTS-V 2dr 174 74 135
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years

Can't I compare rates from local Newark insurance agencies?

Some people just want to visit with an insurance agent and that is a smart decision The biggest benefit of comparing rates online is the fact that you can find cheap rate quotes and still choose a local agent.

Once you complete this simple form, your insurance coverage information is emailed to local insurance agents in Newark who will give you bids for your business. There is no reason to search for any insurance agencies due to the fact that quote results will go to you instantly. It's the lowest rates without having to waste a lot of time. If for some reason you want to quote rates from a specific insurance company, feel free to jump over to their website and fill out their quote form.

Finding the right provider requires you to look at more than just the price. You should also get answers to these questions.

  • Do they offer accident forgiveness?
  • Are there any discounts for paying up front?
  • Do they get paid more for recommending certain coverages?
  • Can you get a list of referrals?
  • Are claim adjusters local or do you have to take your car somewhere else?
  • Which family members are covered?
  • Has the agent ever had any license suspensions?
  • Where would glass claims be handled in Newark?

When should I discuss my situation with an agent?

When it comes to choosing insurance from an agent or online, there really is no "best" method to buy coverage. Every situation is different so your insurance needs to address that.Safe vehicles cost less to insure For instance, these questions might help in determining if your situation might need professional guidance.

  • Does car insurance cover theft of personal property?
  • Who is covered when they drive my Cadillac CTS?
  • What does PIP insurance cover?
  • Should I rate my Cadillac CTS as pleasure use or commute?
  • Do I have coverage if I rent a car in Mexico?
  • Is a driver training discount available?
  • How does medical payments coverage work?
  • Am I insured when driving a different vehicle?

If it's difficult to answer those questions then you might want to talk to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.

Ratings for Newark auto insurance companies

Selecting the right company is difficult considering how many companies there are in Newark. The company information shown below can help you choose which coverage providers to look at comparing rates from.

Top 10 Newark Car Insurance Companies Ranked by Customer Service

  1. Mercury Insurance
  2. The Hartford
  3. American Family
  4. Progressive
  5. GEICO
  6. USAA
  7. State Farm
  8. Travelers
  9. Farmers Insurance
  10. Allstate

Top 10 Newark Car Insurance Companies Ranked by Value

  1. The Hartford
  2. Mercury Insurance
  3. Farmers Insurance
  4. Safeco Insurance
  5. AAA Insurance
  6. 21st Century
  7. Travelers
  8. State Farm
  9. Progressive
  10. American Family

One last note

When trying to cut insurance costs, it's very important that you do not skimp on critical coverages to save a buck or two. There have been many situations where an insured cut full coverage only to regret at claim time that they should have had better coverage. Your aim should be to buy enough coverage at an affordable rate, but don't skip important coverages to save money.

Some car insurance companies may not offer internet price quotes and usually these small insurance companies work with independent insurance agents. More affordable car insurance in Newark is available both online as well as from insurance agents, so you should compare both in order to have the best price selection to choose from.

Additional car insurance information can be found on the following sites: