How to Save on Charlotte Cadillac SRX Insurance

Do you want to save money by buying more competitive Cadillac SRX insurance in Charlotte? Searching for better insurance prices for a new or used Cadillac SRX in North Carolina can normally be a painful process, but you can use a few tricks to make it easier. There is a better way to compare auto insurance rates so we’re going to tell you the proper way to get price quotes for a new or used Cadillac and locate the best price possible from Charlotte insurance agents and online providers.

Astonishing but true, nearly 70% of consumers kept their coverage with the same auto insurance company for four years or more, and 38% of customers have never even shopped around for cheap coverage. North Carolina insurance shoppers can save up to $100 each year by just shopping around, but they assume it’s a waste of time to find cheap rates by getting comparison quotes.

It’s smart to get comparison quotes once or twice a year due to the fact that insurance rates change frequently. Just because you found the best premium rates on Cadillac SRX insurance in Charlotte a couple years back you can probably find a better price now. Don’t believe everything you read about SRX insurance online but in just a couple of minutes you can learn some great ideas on how to lower your auto insurance premiums.

If you have coverage now or need new coverage, you can follow these tips to cut your premiums and still have adequate protection. Finding and buying the cheapest auto insurance policy in Charlotte is not as time-consuming as you think. Smart buyers just need to learn the tricks to compare rates online from multiple companies.

Compare Charlotte Cadillac SRX insurance quotes

The following companies have been selected to offer free quotes in North Carolina. If multiple companies are listed, it’s a good idea that you click on several of them in order to find the most affordable rates.

Insurance analysis for a Cadillac SRX

The rate table shown next highlights different rate quotes for Cadillac SRX models. Knowing how insurance policy premiums are calculated is important for drivers to make decisions when shopping your coverage around.

Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Rate information does not factor in vehicle garaging location which can modify insurance rates greatly.

Physical damage deductibles

When comparing insurance rates, the most common question is which deductibles should you choose. The rates shown below can help you understand the cost difference when you buy lower versus higher policy deductibles. The first price estimate table uses a $250 deductible and the second price chart uses a $500 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Premium costs do not factor in garaging location in Charlotte which can affect premium rates significantly.

Based on the figures above, using a $250 deductible costs approximately $12 more each month or $144 every year than buying 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 21 months between claim filings, you would probably be better off if you elect the higher deductible.

The information below highlights how deductible choice and can influence Cadillac SRX insurance costs for different categories of driver ages. The rates are based on a single male driver, comp and collision included, and no discounts are factored in.

Why you need insurance for your Cadillac vehicle

Despite the high cost of buying insurance for a Cadillac SRX in Charlotte, maintaining insurance serves several important purposes.

• Almost all states have mandatory liability insurance requirements which means state laws require a specific level of liability insurance in order to license the vehicle. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If your SRX has a loan, most banks will have a requirement that you carry insurance to protect their interest in the vehicle. If you let the policy lapse, the lender may insure your Cadillac at a significantly higher premium and require you to fork over for it.
• Insurance safeguards both your car and your personal assets. It also can pay for many types of medical costs for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if anyone sues you for causing an accident. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of having insurance greatly outweigh the cost, particularly if you ever have a claim. According to a recent study, the average American driver overpays as much as $810 a year so shop around each time the policy renews to be sure current rates are still competitive.

What Determines Cadillac SRX Insurance Premiums?

An important part of buying insurance is that you know a few of the rating criteria that play a part in calculating insurance rates. If you understand what influences your rates, this helps enable you to make changes that could result in better insurance rates. Lots of things are used in the calculation when you get a price on insurance. Some are obvious such as your driving history, but others are more transparent like where you live or your vehicle rating.

Don’t skimp on liability insurance – Liability insurance will provide protection if ever you are found to be at fault for damages from an accident. It will provide you with a defense in court to attempt to prove you were not liable. It is affordable coverage compared to other policy coverages, so do not skimp.

Your gender affects costs – Over time, data shows that females take fewer risks when driving. It does not mean males are worse at driving than females. They both cause auto accidents at a similar rate, but guys cause more damage and cost insurance companies more money. Men also statistically have more aggressive citations such as reckless driving.

The diagram below visualizes the comparison of Cadillac SRX insurance costs for male and female drivers. The data is based on no accidents, no driving violations, full physical damage coverage, $100 deductibles, single status, and no policy discounts are applied.

Never let your policy lapse – Driving without insurance is a big no-no and any future policy may cost more because you let your insurance coverage expire. And not only will your rates increase, the inability to provide proof of insurance can result in fines or a revoked license. You may then be required to provide proof of insurance in the form of an SR-22 filing with the North Carolina motor vehicle department to get your license reinstated.

Save money by having good credit – Credit score factor in your rate calculation. People that have high credit ratings tend to be better drivers and file fewer claims than drivers with worse credit. If your credit score could use some work, you could save money insuring your Cadillac SRX by spending a little time repairing your credit.

Cadillac SRX insurance loss probability – Auto insurance companies take into consideration insurance loss statistics for every vehicle to calculate a price that will offset any claims. Models that are shown to have a trend towards higher claim severity or frequency will be charged more to insure. The next table illustrates the insurance loss data used by companies for Cadillac SRX vehicles.

For each coverage category, the claim probability for all vehicles, as an average, is equal to 100. Numbers that are below 100 suggest a better than average loss history, while percentage numbers above 100 point to more frequent losses or an increased probability of a larger loss.

Get cheaper Cadillac SRX insurance in Charlotte with discounts

Buying insurance is not cheap, but you may qualify for discounts to cut the cost considerably. Most are applied when you purchase, but once in a while a discount must be requested specifically prior to getting the savings.

• Discount for Good Grades – Performing well in school can get you a discount of up to 25%. Earning this discount can benefit you up until you turn 25.
• Save over 55 – Older drivers could receive a discount up to 10%.
• Bundled Policy Discount – If you can combine your home and auto policy with the same insurance company you will save approximately 10% to 15%.
• Good Drivers – Safe drivers can pay as much as 50% less than drivers with accidents.
• New Car Discount – Insuring a new SRX can cost up to 25% less since new model year vehicles have better safety ratings.
• No Claims – Drivers with accident-free driving histories get the best insurance rates when compared to policyholders that have many claims.
• Include Life Insurance and Save – Select insurance companies reward you with a discounted price on car insurance if you buy a life insurance policy as well.
• Military Discounts – Having a deployed family member could trigger a small discount.
• Multiple Cars – Drivers who insure multiple cars or trucks on the same insurance policy may reduce the rate for each vehicle.
• Telematics Discount – Insureds that choose to allow their company to analyze where and when they drive by using a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system could see a rate decrease if they are good drivers.

Just know that many deductions do not apply to the entire policy premium. Most cut specific coverage prices like comprehensive or collision. So even though it sounds like all those discounts means the company will pay you, companies don’t profit that way.

The example below illustrates the comparison of Cadillac SRX car insurance rates with and without discounts applied. The premium estimates are based on a male driver, no claims, a clean driving record, North Carolina state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, multi-policy, homeowner, claim-free, and marriage discounts applied.

Large insurance companies and their possible discounts are:

• Esurance may offer discounts for online quote, good driver, DriveSense, safety device, and multi-policy.
• The Hartford has discounts for vehicle fuel type, defensive driver, air bag, driver training, anti-theft, and good student.
• AAA policyholders can earn discounts including pay-in-full, good driver, anti-theft, good student, AAA membership discount, and multi-policy.
• GEICO discounts include five-year accident-free, military active duty, membership and employees, air bags, multi-policy, and defensive driver.
• State Farm has savings for student away at school, accident-free, multiple autos, Drive Safe & Save, and driver’s education.

When comparing rates, check with each company or agent to give you their best rates. Depending on the company, some discounts may not be offered in Charlotte. If you would like to see a list of insurance companies that provide some of the discounts listed above in North Carolina, click here.

There’s no such thing as the perfect insurance policy

When choosing a policy, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s.

For example, these questions might point out if your insurance needs would benefit from an agent’s advice.

• Do I benefit by insuring my home with the same company?
• What does PIP insurance cover?
• Am I covered if I crash into my own garage door?
• What is roadside assistance coverage?
• Which companies are cheaper for teen drivers?
• Why are teen drivers so expensive to add on to my policy?
• Will filing a claim cost me more?
• If my car is totaled with they pay enough to replace it?
• What if I don’t agree with a claim settlement offer?
• Are there companies who specialize in insuring high-risk drivers?

If you don’t know the answers to these questions then you might want to talk to an agent. If you want to speak to an agent in your area, fill out this quick form. It only takes a few minutes and you can get the answers you need.

Shop online but buy locally

Some people still like to buy from a local agent and doing so can bring peace of mind Good insurance agents are trained to spot inefficiencies and will help you if you have claims. A nice benefit of comparing insurance prices online is the fact that drivers can get better rates but still work with a licensed agent.

For easy comparison, once you complete this short form, your coverage information is instantly submitted to local insurance agents in Charlotte who will gladly provide quotes for your coverage. You don’t have to find an agent because prices are sent to you instantly. If you need to get a rate quote from a specific insurance provider, you would need to find their quoting web page to submit a rate quote request.

Picking the best insurance company should depend on more than just the bottom line cost. Here are some questions you might want to ask.

• Which insurance company do they prefer to write with?
• Do they offer claims assistance after hours?
• Does the agent have professional designations like CIC, CPCU or AIC?
• How often do they review coverages?
• If independent agents, which companies do they recommend?
• How is replacement cost determined on your vehicle?

When researching a local agent, you should know the types of agencies and how they operate. Agencies in Charlotte are considered either independent agents or exclusive agents. Either can insure your vehicles, but it’s good to learn the differences because it may have an impact on buying decisions.

Exclusive Insurance Agencies

Agents in the exclusive channel can only quote rates from one company and examples are Farmers Insurance, State Farm, Allstate, and AAA. These agents are not able to provide prices from multiple companies so if the price isn’t competitive there isn’t much they can do. These agents receive a lot of sales training on their company’s products and that allows them to sell at a higher price point. A lot of people purchase coverage from exclusives mainly due to the brand name and the convenience of having a single billing for all their coverages.

Listed below are exclusive agents in Charlotte who can help you get price quote information.

• State Farm: Rob Heath
  6215 Brookshire Blvd – Charlotte, NC 28216 – (704) 392-4166 – View Map
• Jeff Genant – State Farm Insurance Agent
  15105 John J Delaney Dr – Charlotte, NC 28277 – (704) 594-3000 – View Map
• Joe Pomykacz – State Farm Insurance Agent
  2730 E W.T. Harris Blvd #202 – Charlotte, NC 28213 – (704) 535-3700 – View Map

More insurance agents

Independent Insurance Agencies

These type of agents are not limited to a single company and that allows them to write policies with any number of different companies and find the cheapest insurance rates. To transfer your coverage to a different company, your agent can just switch to a different company and the insured can keep the same agent. If you are comparing rate quotes, it’s recommended you contact multiple independent agents to ensure the widest selection of prices. Most can insure with companies you’ve never heard of which may have better rates.

Listed below is a short list of independent agencies in Charlotte willing to provide comparison quotes.

• Southeast Insurance Agency
  212 S Tryon St #1605 – Charlotte, NC 28281 – (704) 885-8006 – View Map
• Nationwide Insurance: Ed Cantey Insurance Agency Inc
  5534 Albemarle Rd Ste 105 – Charlotte, NC 28212 – (704) 563-7777 – View Map
• Honeycutt Insurance Agency
  3121 Springbank Ln F – Charlotte, NC 28226 – (704) 752-8233 – View Map

More insurance agents

Cheap insurance rates are out there

As you restructure your insurance plan, you should never skimp on critical coverages to save a buck or two. There are many occasions where drivers have reduced uninsured motorist or liability limits and discovered at claim time that it was a big mistake. The ultimate goal is to buy a smart amount of coverage for the lowest price and still be able to protect your assets.

In this article, we covered some good ideas how to get a better price on Cadillac SRX insurance in Charlotte. The key concept to understand is the more quotes you get, the better your comparison will be. You may even discover the best price on insurance is with a company that doesn’t do a lot of advertising.

People who switch companies do it for any number of reasons including high prices, policy cancellation, high rates after DUI convictions and extreme rates for teen drivers. It doesn’t matter why you want to switch finding a new company is actually quite simple.

Steps to finding low-cost Cadillac SRX insurance in Charlotte

The best way to find discount Cadillac SRX insurance is to make a habit of comparing prices annually from companies in Charlotte. Drivers can shop around by completing these steps.

Step 1: Try to learn about how companies price auto insurance and the changes you can make to keep rates in check. Many things that are responsible for high rates such as distracted driving and an imperfect credit score can be eliminated by paying attention to minor details.

Step 2: Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like GEICO or Farmers Insurance, while agents who are independent can give you price quotes from multiple companies. View insurance agents

Step 3: Compare the new rates to the premium of your current policy to see if you can save by switching companies. If you find a lower rate and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.

Step 4: Provide written notification to your current company of your decision to cancel your current policy and submit the required down payment along with the signed application to the new insurer. When you receive it, place your new proof of insurance paperwork with the vehicle registration.

The most important part of shopping around is to make sure you’re comparing similar deductibles and liability limits on every quote request and and to get quotes from all possible companies. This provides an apples-to-apples comparison and the most accurate and complete price analysis.

More information is located at the links below

• What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
• Who Has Cheap Auto Insurance for Drivers Under 21 in Charlotte? (FAQ)
• What Auto Insurance is Cheapest for a Learners Permit in Charlotte? (FAQ)
• How Much are Car Insurance Quotes for a Toyota Corolla in Charlotte? (FAQ)
• What Car Insurance is Cheapest for a Kia Optima in Charlotte? (FAQ)
• Who Has Affordable Auto Insurance for 18 Year Olds in Charlotte? (FAQ)
• Vehicle Insurance in the U.S. (Wikipedia)
• Five Tips to Save on Auto Insurance (Insurance Information Institute)