2008 Cadillac STS-V Car Insurance Quotes – 7 Tricks for Best Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: May 12, 2022

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Trying to find better insurance rates for your Cadillac STS-V? Overpriced Cadillac STS-V insurance can overdraw your checking account and put the squeeze on your family’s finances. Shopping your coverage around is free, only takes a few minutes, and is a good way to cut your insurance bill.

Many insurance companies vie for your business, so it can be very hard to choose a company to find the lowest rate

Consumers should take time to price shop coverage quite often because insurance rates are constantly changing. Just because you found the best deal on STS-V insurance a couple years back you can probably find a better price now. Block out anything you think you know about insurance because you’re about to learn how to quote online to save money, get proper deductibles and limits, all at the lowest rate.

The fastest way that we advise to compare policy rates is to know car insurance companies will pay a fee to give free rates quotes. To start a quote, the only thing you need to do is give them some information such as if you’re married, if the vehicle is leased, the ages of drivers, and your job. Those rating factors is then submitted to multiple companies and you get price estimates within a short period of time.

The fine print in auto insurance ads

Auto insurance companies such as Allstate, GEICO and Progressive constantly bombard you with ads on TV and radio. They all seem to make the same claim that you can save if you switch your coverage to them. But how can every company make almost identical claims? This is how they do it.

Different companies have a preferred profile for the type of driver that is profitable for them. A good example of a profitable customer could be between 30 and 50, insures multiple vehicles, and drives newer vehicles. A driver who meets those qualifications gets the lowest rates and as a result will probably save a lot of money.

Drivers who don’t measure up to this ideal profile must pay a higher premium and ends up with the driver buying from a lower-cost company. The ads say “drivers who switch” but not “drivers who get quotes” save money. That’s the way insurance companies can make the claims of big savings. This illustrates why you need to compare as many rates as you can. It is impossible to predict which company will provide you with the cheapest Cadillac STS-V insurance rates.

Save with discounts on 2008 Cadillac STS-V insurance

Auto insurance companies do not list every available discount very clearly, so the following is a list of some of the best known and also the lesser-known discounts you could be receiving.

  • Defensive Driving Course – Taking a driver safety course could possibly earn you a 5% discount if you qualify.
  • Federal Government Employee – Employees or retirees of the government may qualify you for a discount on STS-V insurance with a few insurance companies.
  • Multiple Policy Discount – If you insure your home and vehicles with one insurance company you may save at least 10% off all policies.
  • Life Insurance Discount – Larger companies have lower rates if you buy a life insurance policy as well.
  • Good Students Pay Less – A discount for being a good student can be rewarded with saving of up to 25%. The discount lasts well after school through age 25.
  • Seat Belts Save more than Lives – Requiring all passengers to use their safety belts can save 10% or more off the personal injury premium cost.
  • New Car Discount – Putting insurance coverage on a new car can save up to 30% due to better safety requirements for new cars.

Consumers should know that some of the credits will not apply to all coverage premiums. Some only reduce the price of certain insurance coverages like collision or personal injury protection. So despite the fact that it appears all the discounts add up to a free policy, companies don’t profit that way.

Companies that possibly offer these benefits are:

  • GEICO
  • Travelers
  • Farm Bureau
  • Liberty Mutual
  • American Family
  • Progressive

It’s a good idea to ask each insurance company how you can save money. Discounts may not be available in your state.

Tailor your coverage to you

When it comes to buying coverage for your personal vehicles, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s so this has to be addressed. For example, these questions might point out whether your personal situation could use an agent’s help.

  • Do I need replacement cost coverage?
  • Is my ex-spouse still covered by my policy?
  • Are my friends covered when driving my car?
  • When does my teenage driver need to be added to my policy?
  • Does my liability insurance cover pulling a trailer or camper?
  • Can my babysitter drive my car?

If you can’t answer these questions, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance companies in your area.

Coverages available on your policy

Learning about specific coverages of your policy aids in choosing the right coverages and proper limits and deductibles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find the usual coverages found on the average car insurance policy.

Liability coverages

Liability coverage can cover injuries or damage you cause to a person or their property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 25/50/25 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability coverage pays for claims such as loss of income, repair bills for other people’s vehicles and funeral expenses. How much liability should you purchase? That is up to you, but you should buy as large an amount as possible.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP provide coverage for bills for funeral costs, nursing services, doctor visits and hospital visits. They are used in conjunction with a health insurance plan or if there is no health insurance coverage. Coverage applies to both the driver and occupants in addition to getting struck while a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Auto collision coverage

This coverage covers damage to your STS-V caused by collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as colliding with another moving vehicle, crashing into a building, colliding with a tree, rolling your car and sideswiping another vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also choose a higher deductible to get cheaper collision coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Comprehensive auto coverage

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things such as theft, fire damage and falling objects. The most your car insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Find Good Coverage for Less

When trying to cut insurance costs, do not sacrifice coverage to reduce premiums. There are too many instances where an accident victim reduced comprehensive coverage or liability limits and discovered at claim time that they should have had better coverage. Your focus should be to buy the best coverage you can find at a price you can afford while not skimping on critical coverages.

In this article, we presented a lot of techniques to save on 2008 Cadillac STS-V insurance. The most important thing to understand is the more price quotes you have, the better your chances of lowering your rates. You may be surprised to find that the best prices are with an unexpected company. These companies may have significantly lower rates on certain market segments than their larger competitors like State Farm, GEICO and Nationwide.

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