Cheapest Cadillac SRX Insurance in Detroit

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If you want to save the most money, the best way to get budget Cadillac SRX insurance is to start comparing rates regularly from providers in Detroit.

  1. Learn about how car insurance works and the measures you can take to keep rates low. Many factors that are responsible for high rates like your driving record and a not-so-good credit rating can be remedied by making lifestyle changes or driving safer.
  2. Request price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO or Farmers Insurance, while independent agencies can quote prices from multiple companies. View a list of agents
  3. Compare the price quotes to your existing coverage to see if you can save by switching companies. If you can save money and switch companies, ensure coverage does not lapse between policies.
  4. Notify your agent or company of your decision to cancel the current policy. Submit a down payment and signed policy application to your new insurance company. As soon as you can, safely store the certificate of insurance in an easily accessible location in your vehicle.

One key aspect of rate comparisons is to try to compare the same coverage limits and deductibles on each quote and and to look at every company you can. This ensures an apples-to-apples comparison and and a good selection of different prices.

Discount Cadillac SRX insuranceAmazingly, nearly 70% of drivers have remained with the same insurance company for at least the last four years, and 38% of drivers have never quoted rates to find cheaper coverage. Consumers in Detroit could save themselves nearly $3,836 a year, but most undervalue the benefits if they replace their high priced policy.

This information will introduce you to how insurance works and also save some money in the process If you are paying for car insurance now, you stand a good chance to be able to lower your rates using the concepts you're about to learn. Nevertheless, Michigan drivers can benefit from knowing the way companies determine what you pay and take advantage of how the system works.

Companies offering low-cost Cadillac SRX prices in Detroit, MI

The companies shown below are ready to provide free rate quotes in Michigan. If multiple companies are listed, it's highly recommended you visit two to three different companies in order to find the most affordable rates.

Rates and statistics

The data table displayed next showcases estimates of insurance policy prices for Cadillac SRX models. Learning as much as possible about how car insurance prices are calculated can help customers make smart choices when comparing insurance quotes.

Cadillac SRX Insurance Rates in Detroit, MI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $422 $838 $726 $42 $218 $2,246 $187
SRX Luxury 2WD $422 $964 $726 $42 $218 $2,372 $198
SRX Luxury AWD $422 $964 $726 $42 $218 $2,372 $198
SRX Performance 2WD $470 $964 $726 $42 $218 $2,420 $202
SRX Performance AWD $470 $964 $726 $42 $218 $2,420 $202
SRX Premium 2WD $470 $964 $726 $42 $218 $2,420 $202
SRX Premium AWD $470 $964 $726 $42 $218 $2,420 $202
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Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Prices do not factor in Detroit location which can modify auto insurance rates significantly.

An analysis of deductible level

When shopping for car insurance, a common question is which deductibles should you choose. The premium rates below may help to illustrate the rate differences when you choose different physical damage deductibles. The first price estimate table uses a $250 deductible and the second price table uses a $1,000 deductible.

Cadillac SRX insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $602 $1060 $690 $40 $206 $2,623 $219
SRX Luxury 2WD $602 $1220 $690 $40 $206 $2,783 $232
SRX Luxury AWD $602 $1220 $690 $40 $206 $2,783 $232
SRX Performance 2WD $670 $1220 $690 $40 $206 $2,851 $238
SRX Performance AWD $670 $1220 $690 $40 $206 $2,851 $238
SRX Premium 2WD $670 $1220 $690 $40 $206 $2,851 $238
SRX Premium AWD $670 $1220 $690 $40 $206 $2,851 $238
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Cadillac SRX insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $372 $666 $690 $40 $206 $1,974 $165
SRX Luxury 2WD $372 $768 $690 $40 $206 $2,076 $173
SRX Luxury AWD $372 $768 $690 $40 $206 $2,076 $173
SRX Performance 2WD $414 $768 $690 $40 $206 $2,118 $177
SRX Performance AWD $414 $768 $690 $40 $206 $2,118 $177
SRX Premium 2WD $414 $768 $690 $40 $206 $2,118 $177
SRX Premium AWD $414 $768 $690 $40 $206 $2,118 $177
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Information does not factor in zip code location which can decrease or increase rates greatly.

Using the premium rates above, we can conclude that using a $250 deductible will cost you approximately $60 more each month or $720 each year than quoting the higher $1,000 deductible. Since you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average more than 13 months between claims, you would save money if you opt for a higher deductible. The table below illustrates how you can do this calculation yourself.

Average monthly premium for $250 deductibles: $234
Average monthly premium for $1,000 deductibles (subtract): - $174
Monthly savings from raising deductible: $60
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $60
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

One thing to note is that a higher deductible results in more money out-of-pocket when you do file a claim. You should have enough money in the bank in the event you need to pay the deductible to have repairs made.

Does it make sense to buy full coverage?

The chart below shows the comparison of Cadillac SRX insurance rates when comparing full coverage to state minimum liability only. The data assumes no claims or driving citations, $250 deductibles, drivers are single, and no policy discounts are applied.

When to drop comprehensive and collision

There is no set guideline of when to exclude physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let's say your Cadillac SRX claim settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $7,000 after paying your policy deductible. If premiums are more than $700 annually for physical damage coverage, then it's probably a good time to buy liability coverage only.

There are some circumstances where buying only liability insurance is not in your best interest. If you still owe a portion of the original loan, you must maintain physical damage coverage as part of the loan conditions. Also, if you can't afford to buy a different vehicle if your current one is totaled, you should maintain full coverage.

Do you qualify for discounts?

Car insurance is not an enjoyable expense, but there may be some discounts to help offset the cost. Certain discounts will be applied at the time of purchase, but occasionally some discounts must be requested specifically before they will apply.Save money with discounts

  • Auto/Home Discount - If you have multiple policies with one insurance company you may save up to 20% off your total SRX insurance premium.
  • No Accidents - Detroit drivers who stay claim-free can save substantially as compared to frequent claim filers.
  • Driving Data Discount - People who choose to allow driving data collection to spy on driving patterns by using a telematics device such as Progressive's Snapshot could save a few bucks if they show good driving skills.
  • Theft Deterrent System - Cars equipped with anti-theft or alarm systems can help prevent theft and qualify for as much as a 10% discount.
  • Lower Rates for Military - Being on active duty in the military could mean lower car insurance rates.
  • Multi-Vehicle Discounts - Purchasing coverage when you have more than one vehicle with one company can get a discount for every vehicle.

Keep in mind that many deductions do not apply to your bottom line cost. Most cut specific coverage prices like liability and collision coverage. Even though it may seem like you can get free auto insurance, it just doesn't work that way.

The illustration below shows the comparison of Cadillac SRX auto insurance rates with and without policy discounts. The premiums are based on a male driver, no claims or violations, Michigan state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, claim-free, multi-policy, marriage, and homeowner discounts applied.

A few popular companies and a selection of discounts are included below.

  • Travelers offers premium reductions for multi-policy, early quote, student away at school, new car, home ownership, and good student.
  • 21st Century offers discounts for teen driver, air bags, driver training, anti-lock brakes, defensive driver, homeowners, and student driver.
  • State Farm has discounts for accident-free, good student, defensive driving training, student away at school, and multiple autos.
  • GEICO discounts include air bags, seat belt use, driver training, anti-lock brakes, membership and employees, five-year accident-free, and good student.
  • SAFECO may offer discounts for multi-car, drive less, homeowner, anti-lock brakes, and anti-theft.
  • AAA policyholders can earn discounts including multi-policy, multi-car, education and occupation, good student, and pay-in-full.

Before you buy a policy, ask every company how many discounts you can get. Savings might not apply in Detroit. To choose providers with discount car insurance rates in Michigan, click here to view.

How You Can Control Cadillac SRX Insurance Costs

It's important that you understand the factors that go into determining your insurance rates. If you have some idea of what impacts premium levels, this allows you to make good choices that can earn you big savings. Multiple criteria are used when premium rates are determined. Some are obvious like your driving record, but other factors are less obvious like your vehicle usage or how safe your car is.

The following are some of the major factors used by companies to determine rates.

  • Premiums are high for teenagers - Teenage drivers in Michigan are statistically proven to be careless and easily distracted with other occupants in the car so they pay higher insurance rates. Older, more experienced drivers tend to be more responsible, cost insurance companies less in claims, and receive fewer citations.

    The following chart assumes a single driver, full coverage with $100 deductibles, and no discounts or violations.

  • What are your comp and collision deductibles? - Insurance for physical damage to your car, also called comprehensive and collision insurance, helps pay for damage to your vehicle. Examples of some claims that would be covered would be collision with another vehicle, flood damage, and windstorm damage. Physical damage deductibles state the amount of money you are willing to pay out-of-pocket if the claim is covered. The larger the amount the insured has to pay upfront, the bigger discount you will receive.
  • Is your vehicle built for speed? - The make and model of the car you own makes a huge difference in the rate you pay. Small economy passenger models generally have the cheapest insurance rates, but there are many factors that impact the final cost.

    The next chart assumes a married female driver age 20, full coverage with $100 deductibles, and no discounts or violations. It illustrates Cadillac SRX insurance premiums compared to other models that have different risk factors.

  • Protect yourself with liability coverage - A critical coverage on your policy, liability insurance kicks in in the event that you are found to be at fault for personal injury or accident damage. This coverage provides you with a defense in court which can cost thousands of dollars. Liability insurance is quite affordable compared to comp and collision, so drivers should make sure they buy enough to cover all assets.
  • Don't cancel your coverage without a new one in place - Having a gap between insurance policy dates will be a sure-fire way to increase your renewal premiums. Not only will rates go up, getting caught without coverage will get you a steep fine or even jail time.
  • Safer occupants lowers insurance rates - Vehicles with good safety scores tend to be cheaper to insure. Safe vehicles protect occupants better and fewer injuries means your insurance company pays less and more competitive rates for policyholders.
  • Cadillac SRX statistical loss data - Auto insurance companies analyze the history of losses to determine a price that will be profitable for them. Models that historically have high amounts or severity of claims will have a higher premium rate. The next table shows the loss history for Cadillac SRX vehicles.

    For each coverage type, the loss probability for all vehicles combined as an average equals 100. Values that are under 100 suggest a better than average loss history, while percentage numbers above 100 indicate higher probability of having a loss or an increased chance of a larger loss.

    Insurance Loss Ratings for Cadillac SRX Vehicles
    Specific Cadillac Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Cadillac SRX 4dr 2WD 103 101 84 80 82 91
    Cadillac SRX 4dr 4WD 109 106 103 78 75 83

    Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Your insurance coverage should be tailored to you

Always remember that when buying a policy for your personal vehicles, there really is no one size fits all plan. Your financial needs are unique and your policy should reflect that.Higher deductibles save money For instance, these questions can help discover whether or not you might need an agent's assistance.

  • When should I buy a commercial auto policy?
  • Is my cargo covered for damage or theft?
  • Does every company file a SR-22 automatically?
  • Should I buy more coverage than the required Michigan minimum liability coverage?
  • Will I be non-renewed for getting a DUI or other conviction?
  • If my pet gets injured in an accident are they covered?
  • Will I lose any money if I cancel my policy before it expires?
  • Does my policy pay for OEM or aftermarket parts?
  • Is a driver training discount available?
  • Can I still get insurance after a DUI?

If you're not sure about those questions but one or more may apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.

Buying from insurance agencies

Certain consumers still prefer to visit with an insurance agent. One of the great benefits of comparing auto insurance online is the fact that you can find the best rates and still have a local agent. And providing support for small agencies is especially important in Detroit.

By using this quick form, your insurance data is immediately sent to agents in your area who want to provide quotes and help you find cheaper coverage. It's much easier because you don't need to search for an agent due to the fact that quote results will go immediately to your email address. It's the lowest rates and an insurance agent to talk to. If you want to quote rates from a specific auto insurance provider, you can always navigate to their website and fill out their quote form.

Pick the best car insurance agent in Detroit for you

If you prefer to buy auto insurance from a local Detroit insurance agent, it's helpful to know the different types of agents and how they can write your policy. Auto insurance policy providers may be either independent (non-exclusive) or exclusive.

Independent Auto Insurance Agencies or Brokers

Agents that choose to be independent do not have single company limitations so they can quote policies through many companies depending on which coverage is best. If your agent finds better pricing, an independent agent can move your coverage which requires no work on your part. When comparing rate quotes, you should always compare quotes from a few independent agents so that you have a good selection of quotes to compare. Many can place coverage with additional companies that you may not be familiar with which may provide better rates.

The following is a small list of independent insurance agencies in Detroit who may provide price quotes.

View more Detroit agents

Exclusive Insurance Agencies

Exclusive agencies have only one company to place business with like AAA, Allstate, and State Farm. These agents are not able to place coverage with different providers so they really need to provide good service. Exclusive agencies are well schooled in insurance sales and that can be a competitive advantage. Some consumers prefer to buy insurance from these agents primarily because of the prominence of the brand rather than having the cheapest rates.

Listed below is a list of exclusive insurance agencies in Detroit willing to provide price quotes.

View more Detroit agents

Choosing the best auto insurance agent needs to be determined by more than just a cheap price. Any agent in Detroit should have no problem answering these questions:

  • Is auto insurance their primary focus in Detroit?
  • Do they reduce claim amounts on high mileage vehicles?
  • How long have they been in business?
  • Has the agent ever had any license suspensions?
  • Do they feel the quoted coverages are adequate?
  • Is the agency involved in supporting local community causes?

After getting positive responses to any questions you may have and an acceptable price quote, chances are good that you have found an insurance agency that is professional and can service your policy.

You can find cheaper coverage

When getting Detroit car insurance quotes online, it's a bad idea to skimp on coverage in order to save money. In many cases, someone dropped full coverage only to find out they didn't have enough coverage. The aim is to buy a smart amount of coverage at the best price, but do not skimp to save money.

More affordable insurance in Detroit can be bought both online and from local insurance agents, so you need to shop Detroit car insurance with both to have the best chance of lowering rates. A few companies may not have the ability to get a quote online and most of the time these regional carriers prefer to sell through local independent agents.

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