Cadillac Lyriq Insurance Rates

The average insurance rates for a Cadillac Lyriq are $1,848 a year for full coverage. Comprehensive insurance costs on average $444 each year, collision insurance costs $874, and liability insurance costs around $372. Liability-only coverage costs as low as $438 a year, and high-risk coverage costs $4,018 or more. Teen drivers cost the most to insure at up to $6,596 a year.

Average premium for full coverage: $1,848

Policy rates by type of insurance:

Prices include $500 physical damage insurance deductibles, 30/60 bodily injury liability limits, and includes medical and uninsured motorist coverage. Prices are averaged for all states and Lyriq models.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a significant impact on car insurance rates. Rural areas are shown to have a lower frequency of accident claims than larger metro areas. The graphic below illustrates the difference location can make on car insurance rates.

The examples above show why all drivers should compare prices based on a specific location and risk profile, rather than relying on price averages.

Use the form below to get customized rates for your location.

Detailed Rate Analysis

The chart below shows average Cadillac Lyriq insurance rates for different risk profiles and scenarios.

• The lowest rate with discounts is $1,031
• Using higher $1,000 deductibles will save around $298 a year
• The average rate for a good driver age 40 with $500 deductibles is $1,848
• Choosing low deductibles for physical damage coverage will cost an extra $586 a year
• Drivers with multiple violations and an at-fault accident could pay upwards of $4,018
• Policy cost for full coverage for a teen driver may cost $6,596 or more

View Chart as Image

Insurance rates for a Cadillac Lyriq also range considerably based on your risk profile, the trim level of your Lyriq, and policy deductibles and limits.

More mature drivers with no violations or accidents and high deductibles could pay as little as $1,700 a year, or $142 per month, for full coverage. Rates are highest for teenagers, where even good drivers should be prepared to pay upwards of $6,500 a year. View Rates by Age

Your home state has a huge impact on Cadillac Lyriq insurance rates. A driver around age 40 might see rates as low as $1,220 a year in states like Idaho, Maine, and Iowa, or as much as $2,640 on average in Michigan, Louisiana, and New York.

View Chart as Image

Choosing high deductibles could cut rates by as much as $890 each year, whereas increasing liability limits will cost you more. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $335 more each year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you could be paying at a minimum $2,200 to $2,900 additional every year, depending on your age. Insurance for high-risk drivers can be anywhere from 44% to 133% more than average. View High Risk Driver Rates

How to Find the Right Cadillac Lyriq Insurance

Finding cheaper rates on Cadillac Lyriq insurance requires being a low-risk driver, having a good credit history, avoid buying unnecessary coverage, and dropping full coverage on older vehicles. Make time to compare rates at every other renewal by quoting rates from direct carriers like GEICO, Progressive, and Esurance, and also from your local insurance agents.

The items below are a quick rundown of the concepts that were touched on in this article.

• High-risk drivers with reckless driving or DUI convictions will pay on average $2,170 more each year to insure their Lyriq
• Teen drivers pay higher rates, costing up to $550 each month including comprehensive and collision insurance
• Drivers can save as much as $230 per year just by quoting online in advance
• Increasing comprehensive and collision deductibles can save around $875 each year
• Drivers can save as much as $230 per year just by quoting online in advance