Are you sick and tired of being strong-armed to buy insurance? You are in the same boat as most other drivers in Michigan.
A recent NerdWallet.com study revealed that nearly 70% of customers kept their policy with the same company for over three years, and about 40% of consumers have never even compared quotes to find cheap rates. Michigan consumers could save nearly 65% every year by just comparing quotes, but most tend to underestimate the big savings they would realize if they bought a different policy.
Because there are so many online and local companies to choose from, it’s nearly impossible to choose the lowest price insurance provider.
Keep in mind that having more price comparisons helps you find better pricing. Some companies don’t provide rate quotes online, so it’s recommended that you also compare price estimates from the smaller companies as well.
The following companies can provide free rate quotes in Detroit, MI. In order to find cheaper car insurance in MI, it’s highly recommended you visit two to three different companies in order to get a fair rate comparison.
Why you need Cadillac vehicle insurance in Michigan
Even though Detroit CTS insurance rates can get expensive, insuring your vehicle may be mandatory for several reasons.
First, almost all states have mandatory insurance requirements which means you are required to carry specific minimum amounts of liability insurance in order to be legal. In Michigan these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a loan on your CTS, most lenders will make it mandatory that you have insurance to guarantee their interest in the vehicle. If you do not keep the policy in force, the bank or lender will purchase a policy for your Cadillac for a lot more money and force you to pay for it.
Third, insurance safeguards your car and your assets. Insurance will also pay for many types of medical costs that are the result of an accident. Liability coverage, the one required by state law, will also pay to defend you if someone files suit against you as the result of an accident. If you have damage to your Cadillac as the result of the weather or an accident, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.
The benefits of carrying enough insurance are definitely more than the cost, specifically if you ever have a liability claim. But the average driver in Michigan is overpaying over $865 each year so compare quotes from several companies at least once a year to help ensure money is not being wasted.
Cadillac CTS coverage analysis
The table displayed next outlines estimates of insurance costs for Cadillac CTS models. Understanding more about how policy rates are calculated is important for making smart choices when buying a car insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|CTS Luxury AWD||$668||$1500||$932||$56||$280||$3,436||$286|
|CTS Performance AWD||$668||$1500||$932||$56||$280||$3,436||$286|
|CTS Premium AWD||$744||$1500||$932||$56||$280||$3,512||$293|
|Get Your Own Custom Quote Go|
Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Michigan minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Price information does not factor in your specific Detroit location which can affect premiums noticeably.
The information below highlights how deductible choice and can change Cadillac CTS insurance premiums for different categories of driver ages. The rate quotes are based on a single female driver, comp and collision included, and no discounts are applied.
Car insurance rates based on gender
The information below illustrates the difference between Cadillac CTS insurance costs for male and female drivers. The costs are based on no tickets, no at-fault accidents, full coverage, $500 deductibles, drivers are single, and no additional discounts are factored in.
Detroit auto insurance discounts
Some companies don’t always advertise their entire list of discounts very well, so the next list breaks down both well-publicized and the more hidden credits that you can use to lower your rates.
- Policy Bundle Discount – If you insure your home and vehicles with one insurance company you could save as much as 10 to 15 percent.
- Accident Free – Claim-free drivers pay much less when compared with insureds who have frequent claims or accidents.
- Federal Government Employee – Employees or retirees of the government could cut as much as 10% off depending on your company.
- Defensive Driving Course – Completing a class that teaches driver safety techniques can save you 5% or more depending on where you live.
- Student Discount for Driver Training – Reduce the cost of insurance for teen drivers by having them complete a driver education course as it can save substantially.
You should keep in mind that most credits do not apply to all coverage premiums. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. Even though it may seem like adding up those discounts means a free policy, that’s just not realistic.
The diagram below shows the difference between Cadillac CTS insurance costs with and without some available policy discounts. The rates are based on a male driver, no claims or violations, Michigan state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, multi-policy, marriage, multi-car, and safe-driver discounts applied.
Large auto insurance companies and their possible discounts can be read below.
- State Farm may offer discounts for multiple autos, Steer Clear safe driver discount, accident-free, Drive Safe & Save, defensive driving training, and safe vehicle.
- Progressive offers discounts for continuous coverage, good student, homeowner, online quote discount, multi-vehicle, and online signing.
- Progressive offers premium reductions for multi-policy, online quote discount, multi-vehicle, good student, and online signing.
- MetLife discounts include good driver, good student, multi-policy, claim-free, defensive driver, and accident-free.
- Farm Bureau has savings for good student, renewal discount, multi-policy, safe driver, and 55 and retired.
- GEICO offers discounts including multi-policy, anti-theft, good student, federal employee, air bags, anti-lock brakes, and military active duty.
- SAFECO has discounts for teen safety rewards, anti-lock brakes, accident prevention training, bundle discounts, anti-theft, and teen safe driver.
Check with each company or agent which discounts you may be entitled to. Discounts may not apply to policyholders in Detroit. To see auto insurance companies with significant discounts in Detroit, click here to view.
Buying auto insurance from Detroit insurance agencies
Some consumers still prefer to visit with an insurance agent and we recommend doing that An additional benefit of getting online price quotes is you may find cheaper prices and still have an agent to talk to.
To make it easy to find an agent, after completing this short form, the coverage information is immediately sent to insurance agents in Detroit who will give you quotes for your auto insurance coverage. There is no reason to search for any insurance agencies because quoted prices will be sent to you instantly. You can get cheaper auto insurance rates without a big time investment. If you need to compare rates from a specific insurance company, you can always search and find their rate quote page and submit a quote form there.
Deciding on an company shouldn’t rely on just the quoted price. A good agent in Detroit will have answers to these questions.
- What company do they have the most business with?
- Is the agency covered by Errors and Omissions coverage?
- Will your rates increase after a single accident?
- Are they able to provide referrals?
- Do you work with a CSR or direct with the agent?
- Do they have a Better Business Bureau rating in Detroit?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- If you are a high risk driver, do they have special markets for your coverage?
When searching for a local insurance agency, you must know there are a couple types of agencies and how they can quote your rates. Agents are classified as either independent or exclusive depending on the company they work for.
Exclusive Insurance Agencies
Agents that elect to be exclusive normally can only provide a single company’s rates like State Farm or Allstate. They usually cannot shop your coverage around so keep that in mind. Exclusive agencies are well schooled on the products they sell which helps them sell on service rather than price.
The following is a list of exclusive agents in Detroit willing to provide price quote information.
Independent Auto Insurance Agents
These agents do not write with just one company and that enables them to quote your coverage with many different companies and help determine which has the cheapest rates. If they find a cheaper price, your policy is moved internally and you don’t have to switch agencies. When searching for an agent, we recommend you get quotes from a few independent agents for the best price selection.
Below is a short list of independent insurance agents in Detroit willing to provide price quote information.
C B Irwin Insurance
2357 W Grand Blvd – Detroit, MI 48208 – (313) 894-2144 – View Map
Once you have good answers to all your questions as well as a affordable price, you may have found a car insurance agent that is a good match to properly service your auto insurance policy.
Detailed coverages of your insurance policy
Having a good grasp of your insurance policy helps when choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the usual coverages offered by insurance companies.
Medical expense coverage
Medical payments and Personal Injury Protection insurance pay for immediate expenses such as prosthetic devices, pain medications and hospital visits. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. PIP is not available in all states and may carry a deductible
Uninsured or underinsured coverage
Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Cadillac CTS.
Since many Michigan drivers carry very low liability coverage limits (20/40/10 in Michigan), it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.
Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things such as damage from getting keyed, hitting a bird and hitting a deer. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Liability coverage can cover damages or injuries you inflict on other people or property that is your fault. This insurance protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 20/40/10 that translate to $20,000 in coverage for each person’s injuries, a total of $40,000 of bodily injury coverage per accident, and property damage coverage for $10,000.
Liability can pay for claims such as legal defense fees, bail bonds, structural damage and funeral expenses. The amount of liability coverage you purchase is a personal decision, but consider buying as much as you can afford. Michigan state minimum liability requirements are 20/40/10 but drivers should carry more coverage.
The chart below demonstrates why buying the state minimum limits may not be high enough to adequately cover claims.
Collision insurance pays for damage to your CTS resulting from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.
Collision can pay for things like damaging your car on a curb, sustaining damage from a pot hole and sideswiping another vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to choose a higher deductible on your CTS in order to get cheaper collision rates.
More comparisons equals affordable rates
In this article, we covered many ways to lower your Cadillac CTS insurance premium rates in Detroit. The key thing to remember is the more you quote Detroit car insurance, the better likelihood of getting the cheapest Cadillac CTS rate quotes. You may even discover the lowest priced auto insurance comes from a lesser-known regional company. These smaller insurers may often insure only within specific states and give better rates compared to the large companies like Allstate and Progressive.
As you go through the steps to switch your coverage, never sacrifice coverage to reduce premiums. There have been many situations where someone dropped collision coverage and discovered at claim time that it was a big error on their part. The ultimate goal is to purchase a proper amount of coverage at the best cost while still protecting your assets.
How to find more affordable Cadillac CTS insurance in Detroit
Truthfully, the best way to find discount Cadillac CTS insurance in Detroit is to start doing an annual price comparison from companies who sell auto insurance in Michigan. Prices can be compared by completing these steps.
First, take a few minutes and learn about how auto insurance works and the modifications you can make to prevent expensive coverage. Many risk factors that cause rate increases such as speeding tickets, accidents and a bad credit rating can be remedied by improving your driving habits or financial responsibility.
Second, obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give rate quotes from a single company like Progressive or Allstate, while independent agencies can quote rates from multiple companies.
Third, compare the new rate quotes to your existing policy to see if cheaper CTS coverage is available in Detroit. If you find a better price and buy the policy, make sure there is no coverage gap between policies.
Fourth, give notification to your current company to cancel your existing policy and submit any necessary down payment along with the completed application for the new coverage. Once coverage is bound, safely store the certificate verifying proof of insurance along with your vehicle registration.
A good tip to remember is that you use the same liability limits and deductibles on each price quote and to quote with all possible companies. This helps ensure a fair rate comparison and a thorough price selection.
Even more information can be found in these articles:
- Safety Tips for Teen Drivers (Insurance Information Institute)
- How Much are Car Insurance Rates for Unemployed Drivers in Detroit? (FAQ)
- What Insurance is Cheapest for Drivers with a Bad Driving Record in Detroit? (FAQ)
- What is the Best Car Insurance in Detroit? (DetroitInsure.com)
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Keeping Children Safe in Crashes Video (iihs.org)
- Coverage Information (Progressive Insurance)
- Credit Impacts Car Insurance Rates (State Farm)