Find Affordable Cadillac CTS-V Insurance in Greensboro

Unthinkable but true, the vast majority of drivers kept buying from the same company for over three years, and approximately 38% of consumers have never even compared rates from other companies. Most drivers in North Carolina could save $90 a year just by getting comparison quotes, but most just don’t grasp how much money they would save if they swap their current policy for a cheaper one.

Insurance rates Cadillac CTS-V in GreensboroTo save the most money, the best way to find the cheapest price for Cadillac CTS-V insurance in Greensboro is to compare prices annually from different companies in North Carolina.

One thing to point out is to compare identical coverage information on every quote request and and to get rate quotes from as many carriers as you can. Doing this enables a fair rate comparison and a complete price analysis.

Quoting and comparing the most affordable car insurance coverage in Greensboro is not as difficult as people think. If you are already insured or just want cheaper coverage, follow these tips to get lower rates without having to cut coverage. Smart shoppers just need to know the most time-saving way to compare rates on the web.

Finding more affordable Cadillac CTS-V car insurance rates is not rocket science. The only requirement is to take time comparing price quotes to discover which company has cheaper Greensboro car insurance quotes.

The companies shown below are our best choices to provide price comparisons in North Carolina. If multiple companies are listed, we recommend you visit several of them to find the cheapest auto insurance rates.

Cadillac CTS-V insurance rates and statistics

The rate information below showcases detailed analysis of insurance prices for Cadillac CTS-V models. Learning how rate quotes are calculated is important for you to make smart choices when comparing insurance quotes.

Cadillac CTS-V Insurance Rates in Greensboro, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS-V $262 $550 $286 $16 $86 $1,200 $100
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Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Rates do not factor in your specific Greensboro location which can lower or raise premiums considerably.

Higher deductibles save money

One of the most common auto insurance questions is how high or low should comp and collision deductibles be. The comparisons below can help show the differences in price when you buy lower versus higher policy deductibles. The first pricing table uses a $250 deductible for comp and collision and the second set of prices uses a $500 deductible.

Cadillac CTS-V insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS-V $292 $556 $212 $12 $64 $1,161 $97
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Cadillac CTS-V insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS-V $236 $448 $212 $12 $64 $972 $81
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Information does not factor in vehicle garaging location which can influence premiums substantially.

We can estimate from the data above that using a $250 deductible will cost you about $16 more each month or $192 each year than requesting the higher $500 deductible. Because you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you normally average at least 16 months between claims, you would save money if you choose a higher deductible. The numbers below show an example of how you can do this calculation yourself.

Average monthly premium for $250 deductibles: $97
Average monthly premium for $500 deductibles (subtract): – $81
Monthly savings from raising deductible: $16
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $16
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 16 months

The example below illustrates how your deductible choice and can impact Cadillac CTS-V insurance prices for different ages of insureds. The price estimates are based on a single female driver, comprehensive and collision coverage, and no other discounts are factored in.

Cadillac CTS-V liability-only versus full coverage

The information below visualizes the comparison of Cadillac CTS-V auto insurance costs when comparing full coverage to state minimum liability only. The costs are based on no accidents, no driving violations, $250 deductibles, drivers are not married, and no other discounts are factored in.

When to drop full coverage

There isn’t a written rule of when to stop paying for physical damage insurance, but there is a general guideline you can use. If the yearly cost of full coverage is more than around 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.

For example, let’s pretend your Cadillac CTS-V book value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company will settle for is $3,000 after paying your policy deductible. If you are paying over $300 annually for comprehensive and collision coverage, then it could be time to drop full coverage.

There are some scenarios where only buying liability is not a good idea. If you still have a loan on your vehicle, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.

Why Informed Drivers Pay Less for Cadillac CTS-V Insurance

When buying car insurance it’s important to understand some of the things that come into play when calculating your premiums. If you have some idea of what influences your rates, this allows you to make good choices that will entitle you to cheaper rates.

The following are some of the most common factors companies use to determine rates.

With age comes lower prices – Older drivers are shown to be more cautious, tend to file fewer claims, and tend to be get fewer driving tickets. Drivers with little experience have been known to get distracted easily when behind the wheel therefore car insurance rates are much higher.

The chart below uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.

More than one policy can earn a discount – The majority of insurers apply better rates to clients who have multiple policies with them, otherwise known as a multi-policy discount. Even with this discount, it’s still a good idea to compare Cadillac CTS-V rates in Greensboro to confirm you are receiving the best rates possible.

Be proud to be claim-free – Auto insurance companies in North Carolina generally give the best rates to policyholders who file claims infrequently. If you are the type of insured that files lots of claims you can definitely plan on either higher rates or even cancellation. Your car insurance is intended to be relied upon for claims that you cannot pay yourself.

Performance impacts premiums – The performance level of the vehicle you own makes a huge difference in how high your rates are. Economy passenger vehicles generally have the cheapest insurance rates, but other factors influence the final cost greatly.

The chart below is based on a single female driver age 50, full coverage with $1000 deductibles, and no discounts or violations. It illustrates Cadillac CTS-V insurance premiums compared to other models of vehicles that have a range of performance risks.

Cadillac CTS-V insurance loss data – Insurance companies include the past claim history for a vehicle to help calculate a profitable premium rate. Models that are shown to have higher losses will have higher rates for specific coverages.

The table below shows the loss history for Cadillac CTS-V vehicles. For each policy coverage, the claim probability for all vehicles, regardless of make or model, is represented as 100. Percentage values below 100 indicate a favorable loss history, while percentage values above 100 point to more frequent losses or tendency to have larger claims.

Insurance Loss Ratings for Cadillac CTS-V Vehicles
Specific Cadillac Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Cadillac CTS-V 2dr 174 74 135

Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Here’s why insurance is not optional

Despite the high insurance cost for a Cadillac CTS-V in Greensboro, buying insurance is required in North Carolina but also provides important benefits.

The benefits of having insurance definitely exceed the cost, especially if you ever need it. The average driver in America is overpaying more than $800 each year so it’s recommended you shop around once a year at a minimum to save money.