Are you trying to find more affordable Cadillac CTS-V insurance in Chula Vista? Price shopping your Cadillac CTS-V insurance in Chula Vista could be frustrating for drivers new to comparing prices online. People have so many different companies and agents to choose from that it can be a challenge to find the best coverage rates.
Unbelievable but true according to a study almost 70% of drivers in California kept their coverage with the same insurance company for four years or more, and practically 40% of insurance customers have never shopped around. Consumers in America could save up to 46.5% each year just by shopping around, but they just don’t understand how easy it is to find affordable insurance rates.
If you currently have a car insurance policy, you should be able to get lower rates using the tips covered below. The purpose of this post is to familiarize you with the most effective ways to compare rates. Nevertheless, California car owners must comprehend how the larger insurance companies sell online and use it to find better rates.
When comparing car insurance rates, know that quoting more will enable you to find a lower rate than you’re paying now. Not every company does rate quotes online, so you also need to get quotes from the smaller companies as well.
The companies in the list below are ready to provide price comparisons in California. In order to find the best car insurance in Chula Vista, we recommend you click on several of them to get the best price comparison.
Get cheaper rates by applying discounts
Auto insurance companies don’t always publicize the complete list of policy discounts in an easy-to-find place, so the below list has both well-publicized and also the lesser-known credits that you can use to lower your rates.
- Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to successfully take a driver’s education course in high school.
- Senior Citizen Rates – Mature drivers may receive a small decrease in premiums.
- Online Discount – A handful of insurance companies will give a small break simply for signing online.
- Defensive Driver Discounts – Taking time to complete a defensive driver course can save you 5% or more and also improve your driving technique.
- Telematics Discount – Chula Vista drivers who agree to allow companies to look at driving habits through the use of a telematics system such as State Farm’s In-Drive could save a few bucks if they show good driving skills.
- Anti-theft System – Vehicles that have factory alarm systems and tracking devices have a lower chance of being stolen and therefore earn up to a 10% discount.
- Air Bag Discount – Options like air bags and/or automatic seat belt systems may earn rate discounts of 25 to 30%.
- Distant College Student Discount – Children who are attending college and do not take a car to college can be insured at a reduced rate.
- Payment Method – If you pay your bill all at once as opposed to paying monthly you may reduce your total bill.
Policy discounts save money, but most credits do not apply to the whole policy. The majority will only reduce individual premiums such as collision or personal injury protection. If you do the math and it seems like all the discounts add up to a free policy, insurance companies wouldn’t stay in business. Any qualifying discounts will definitely lower your premiums.
The example below shows the difference between Cadillac CTS-V premium costs with and without discounts applied to the rates. The data assumes a male driver, no claims or driving violations, California state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, multi-policy, safe-driver, marriage, and multi-car discounts applied.
Larger insurance companies and the discounts they provide are outlined below.
- Farm Bureau offers premium reductions for multi-policy, good student, renewal discount, safe driver, driver training, youthful driver, and multi-vehicle.
- State Farm discounts include Drive Safe & Save, defensive driving training, safe vehicle, multiple policy, and passive restraint.
- Progressive may offer discounts for homeowner, online signing, multi-policy, continuous coverage, and multi-vehicle.
- Allstate includes discounts for eSmart discount, defensive driver, anti-theft, premier discount, and early signing.
- Nationwide policyholders can earn discounts including accident-free, anti-theft, business or organization, family plan, easy pay, Farm Bureau membership, and good student.
- MetLife may include discounts for defensive driver, good student, multi-policy, claim-free, good driver, accident-free
If you want affordable Cadillac CTS-V insurance quotes, ask every insurance company to apply every possible discount. Depending on the company, some discounts might not be offered on policies in Chula Vista. To find insurance companies who offer insurance discounts in Chula Vista, click here to view.
Insurance coverage details
The premium information below showcases different insurance policy prices for Cadillac CTS-V models. Understanding more about how policy premiums are calculated can be useful when making smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CTS-V | $314 | $712 | $454 | $26 | $136 | $1,642 | $137 |
| Get Your Own Custom Quote Go | |||||||
Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Prices do not factor in specific garaging location which can lower or raise coverage prices considerably.
Raise deductibles and save
When buying insurance, a common question is how high or low should comp and collision deductibles be. The premium rates below approximate the premium difference between low and high policy deductibles. The first pricing table uses a $250 deductible for comp and collision and the second rate table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CTS-V | $518 | $986 | $376 | $22 | $112 | $2,039 | $170 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CTS-V | $420 | $794 | $376 | $22 | $112 | $1,724 | $144 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Premium amounts do not factor in zip code location which can affect prices significantly.
Based on the figures above, using a $250 deductible will cost in the ballpark of $26 more each month or $312 each year than requesting the higher $500 deductible. Since the policyholder would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you normally average at least 10 months between claim filings, you would save money if you decide on a higher deductible. Here is how this calculation is made.
| Average monthly premium for $250 deductibles: | $170 |
| Average monthly premium for $500 deductibles (subtract): | – $144 |
| Monthly savings from raising deductible: | $26 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $26 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 10 months |
An important sidenote is that a higher deductible results in having to pay to pay more out-of-pocket when you have a physical damage claim. You need to have some savings in order to pay the deductible for vehicle repair.
The example below shows how different deductible levels and can raise or lower Cadillac CTS-V insurance costs for each different age group. The data assumes a married female driver, comp and collision included, and no discounts are factored in.
Illustration showing the impact of accidents and violations
The chart below shows how speeding tickets and at-fault collisions can influence Cadillac CTS-V car insurance costs for different age groups of insureds. The data is based on a married male driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.
Buying from auto insurance agents
A small number of people would rather buy from a licensed agent and we recommend doing that A nice benefit of comparing rates online is that you can find lower rates and still have an agent to talk to. Supporting local agencies is still important in Chula Vista.
After completing this quick form, your insurance coverage information is sent to local insurance agents who want to provide quotes to get your business. You won’t need to do any legwork because prices are sent to the email address you provide. You’ll get the best rates without requiring a lot of work. If you need to get a comparison quote from a specific insurance provider, you can always visit that company’s website and submit a quote form there.
If you are searching for a reputable insurance agent or broker, you should know the types of agencies and how they can quote your rates. Insurance agencies in Chula Vista can be categorized as either independent or exclusive depending on the company they work for.
Independent Agents (or Brokers)
These type of agents often have many company appointments so they have the ability to put coverage with many different companies and find you the best rates. To move your coverage to a new company, an independent agent can move your coverage and you don’t have to find a new agent. When comparison shopping, you definitely need to get quotes from multiple independent agents so that you have a good selection of quotes to compare. Most also have access to small mutual carriers who may have lower rates.
Listed below is a short list of independent insurance agencies in Chula Vista who may be able to give you free rate quotes.
- La Rosa Insurance Agency
1152 Third Ave – Chula Vista, CA 91911 – (619) 427-5950 – View Map - Eastlake Insurance Services
884 Eastlake Pkwy # 1626 – Chula Vista, CA 91914 – (619) 216-6100 – View Map - L A Insurance
202 Broadway – Chula Vista, CA 91910 – (619) 476-1800 – View Map
Exclusive Insurance Agencies
Agents that elect to be exclusive can only provide pricing for a single company like Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents are unable to provide rate quotes from other companies so they have no alternatives for high prices. They are usually well trained on their products and sales techniques which helps them sell insurance even at higher premiums. Many people use the same agent partially due to the brand legacy and the convenience of having all coverages with one company.
Shown below is a list of exclusive insurance agents in Chula Vista willing to provide rate quotes.
- Farmers Insurance – Melissa Talbot
885 Canarios Ct #104 – Chula Vista, CA 91910 – (619) 781-8716 – View Map - Farmers Insurance: Vega Julio V
799 Third Ave – Chula Vista, CA 91911 – (619) 426-0554 – View Map - Allstate Insurance: Alfredo Contreras
2318 Proctor Valley Rd #102 – Chula Vista, CA 91914 – (619) 505-2040 – View Map
Deciding on an insurance agent should depend on more than just the price. These are some questions you should get answers to.
- How many companies do they write for?
- How is replacement cost determined on your vehicle?
- Will they take your side in the event of a claim?
- Do you need full coverage on every vehicle?
- Who is covered by the car insurance policy?
- Is the agency covered by Errors and Omissions coverage?
- If you are a high risk driver, do they have special markets for your coverage?
Choices You Make Can Impact Your Insurance Prices
Multiple criteria are part of the equation when you get a price on insurance. Most are fairly basic such as traffic violations, but others are more transparent such as whether you are married or your commute time.
The following are just a few of the factors used by companies to determine your prices.
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Premiums are high for teenagers – Older people are viewed as being more responsible, tend to file fewer claims, and get fewer tickets. Youthful drivers are proven to be inattentive behind the wheel so they pay higher auto insurance rates.
The data below is based on a single driver, full coverage with $500 deductibles, and no discounts or violations.
- You might want pay the small insurance claims yourself – If you tend to file frequent claims, you shouldn’t be surprised to get much higher rates or policy non-renewal. Auto insurance companies in California award most affordable rates to people who file claims infrequently. Auto insurance is intended for the large, substantial claims.
- Responsible credit means lower rates – Having a good credit history is likely to be a major factor in your rate calculation. Drivers who have high credit scores tend to file fewer claims and have better driving records than those with worse credit. Therefore, if your credit leaves room for improvement, you could be paying less to insure your Cadillac CTS-V by improving your credit score.
- Don’t let your auto insurance policy lapse – Having a lapse in insurance coverage is a quick way to increase your rates. Not only will you pay higher rates, getting caught without coverage could result in fines or a revoked license. You may then have to provide proof of insurance in the form of an SR-22 filing with the California DMV.
- Little extras can really add up – There are many extra bells and whistles you can purchase if you don’t pay attention. Add-on coverages like coverage for rental cars, towing, and additional equipment coverage may not be needed and are just wasting money. You may think they are a good idea when buying your policy, but if you have no use for them get rid of them and save.
- Save annual miles and save money – The more you drive every year the higher your rates will be. A lot of companies rate vehicles based upon how you use the vehicle. Cars and trucks that sit idle most of the time receive better premium rates than vehicles that have high annual mileage. Improper usage on your CTS-V is throwing money out the window. Ask your agent if your auto insurance policy states the correct usage, because it can save money.
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Loss statistics for a Cadillac CTS-V – Auto insurance companies take into consideration insurance loss statistics for every vehicle to calculate a rate that will offset any claims. Models that historically have higher claim frequency or loss amount will have higher premium rates.
The table below shows the actual insurance loss data for Cadillac CTS-V vehicles. For each coverage type, the claim amount for all vehicles averaged together is set at 100. Values below 100 suggest a positive loss record, while values over 100 indicate more frequent claims or a tendency for claims to be larger.
Auto Insurance Loss Data for Cadillac CTS-V Models 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
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Why car insurance is not optional
Even though it’s not necessarily cheap to insure a Cadillac in Chula Vista, insuring your vehicle may not be optional for several reasons.
- Almost all states have mandatory insurance requirements which means state laws require a specific minimum amount of liability insurance coverage in order to drive the car legally. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If your vehicle has a loan, it’s most likely the lender will force you to have comprehensive coverage to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the bank may insure your Cadillac at a much higher premium rate and require you to pay much more than you were paying before.
- Insurance safeguards not only your vehicle but also your financial assets. Insurance will pay for medical bills for you, any passengers, and anyone injured in an accident. Liability coverage will also pay for a defense attorney if you cause an accident and are sued. If you have damage to your Cadillac as the result of the weather or an accident, your policy will pay all costs to repair after the deductible has been paid.
The benefits of buying enough insurance definitely exceed the price paid, particularly for liability claims. An average driver in America is overpaying over $865 each year so it’s recommended you shop around every year to ensure rates are competitive.
One last thing to lower rates
In this article, we presented some good ideas how you can lower your Cadillac CTS-V insurance prices in Chula Vista. The key concept to understand is the more quotes you get, the better chance you’ll have of finding the cheapest Cadillac CTS-V rate quotes. Drivers may even discover the lowest prices come from the smaller companies.
As you prepare to switch companies, it’s not a good idea to skimp on coverage in order to save money. There have been many situations where consumers will sacrifice physical damage coverage to discover at claim time that the small savings ended up costing them much more. The proper strategy is to purchase a proper amount of coverage at the best possible price while not skimping on critical coverages.
People who switch companies do it for a number of reasons such as extreme rates for teen drivers, questionable increases in premium, denial of a claim or even lack of trust in their agent. It doesn’t matter why you want to switch finding the right car insurance provider can be easier than you think.
How to find low-cost rates for Cadillac CTS-V insurance in Chula Vista
To save the most money, the best way to get affordable Cadillac CTS-V insurance in Chula Vista is to compare prices at least once a year from insurers who can sell car insurance in California.
First, read about the coverage provided by your policy and the changes you can make to prevent expensive coverage. Many policy risk factors that result in higher prices such as speeding and an imperfect credit history can be rectified by making lifestyle changes or driving safer.
Second, request price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give rate quotes from one company like Progressive or State Farm, while independent agencies can provide rate quotes from multiple insurance companies.
Third, compare the new quotes to your existing rates to see if you can save by switching companies. If you find a lower rate and make a switch, make sure coverage is continuous and does not lapse.
Fourth, provide notification to your current company to cancel your current coverage and submit the signed application along with the required initial payment to the new company. Once the application is submitted, safely store the proof of insurance paperwork in your vehicle’s glove compartment or console.
A key point to remember is to use similar limits and deductibles on every price quote and and to analyze every insurance company. Doing this ensures a level playing field and the best price selection.
More tips and info about car insurance can be read in these articles:
- How to shop for a safer car (Insurance Institute for Highway Safety)
- Who Has the Cheapest Chula Vista Auto Insurance for a Jeep Wrangler? (FAQ)
- Who Has Cheap Auto Insurance Rates for a 20 Year Old Female in Chula Vista? (FAQ)
- Who Has Cheap Car Insurance Quotes for High Risk Drivers in Chula Vista? (FAQ)
- Who Has the Cheapest Auto Insurance for Seniors in Chula Vista? (FAQ)
- How Much are Auto Insurance Quotes for Electric Cars in Chula Vista? (FAQ)
- Determining Auto Insurance Rates (GEICO)
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
- What is Covered by GAP Insurance? (Allstate)
- Parking Tips to Reduce Door Dings (State Farm)