Do you want to learn how to find lower-priced Cadillac CTS-V insurance in Tampa? Finding the cheapest insurance for your Cadillac CTS-V in Florida can normally be a painful process, but you can follow a few tricks to save time. There is a right way and a wrong way to buy insurance and we’ll show you the proper way to price shop coverage for a new or used Cadillac and find the lowest possible price.
Smart consumers take time to take a look at other company’s rates yearly because prices change frequently. Just because you had the best deal on Cadillac CTS-V insurance in Tampa at your last renewal you will most likely find a better rate today. Forget anything you know (or think you know) about insurance because we’re going to show you the right way to find lower rates on insurance.
If you have coverage now or are looking for a new policy, follow these tips to find the best rates without having to cut coverage. Comparing quotes for the best-priced policy in Tampa is simple if you know the tricks. Drivers just need to learn the fastest way to compare prices from many different companies.
Finding a lower price on Cadillac CTS-V insurance can be surprisingly simple. You just have to invest a few minutes to compare rates provided by online insurance companies.
The providers in the list below are our best choices to provide quotes in Tampa, FL. If your goal is to find cheaper auto insurance in Tampa, we suggest you visit as many as you can in order to find the most competitive rates.
Save a ton with these eight discounts
Companies that sell car insurance do not advertise all their discounts very well, so the following is a list of some of the more common and also the more inconspicuous credits available to bring down your rates.
- Accident Forgiveness – This isn’t a discount exactly, but companies like Liberty Mutual, Allstate and State Farm will allow you to have one accident before raising your premiums if your claims history is clear for a specific time period.
- Save with More Vehicles Insured – Buying coverage for multiple vehicles on one policy qualifies for this discount.
- Payment Discounts – If you pay your bill all at once rather than spreading payments over time you can avoid the installment charge.
- Driver Training Discounts – Successfully completing a course that instructs on driving safety can save you 5% or more depending on where you live.
- Discounts for Safe Drivers – Drivers who avoid accidents can get discounts for up to 45% lower rates than drivers with accident claims.
- Senior Citizens – If you qualify as a senior citizen, you are able to get a small discount on rates.
- Student Discounts – A discount for being a good student can save 20 to 25%. Most companies allow this discount well after school through age 25.
- Driver Education Discount – Make teen driver coverage more affordable by requiring them to successfully take a driver’s education course in high school.
Policy discounts save money, but some credits don’t apply to your bottom line cost. Some only reduce the price of certain insurance coverages like comp or med pay. Just because you may think all the discounts add up to a free policy, nobody gets a free ride.
The example below shows the comparison of Cadillac CTS-V insurance costs with and without discounts applied to the policy rates. Data assumes a female driver, no driving violations, no at-fault accidents, Florida 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 marriage, safe-driver, claim-free, homeowner, multi-car, and multi-policy discounts applied.
Companies that may offer quotes with these benefits may include but are not limited to:
- GEICO
- Mercury Insurance
- Farmers Insurance
- Auto-Owners Insurance
- Liberty Mutual
- SAFECO
- Progressive
- USAA
When getting free Tampa car insurance quotes, it’s a good idea to every company which discounts you may be entitled to. All car insurance discounts may not be offered in your state.
Rates and information analytics
The premium information below showcases a range of policy rates for Cadillac CTS-V models. Learning as much as possible about how auto insurance prices are calculated is important for drivers to make smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CTS-V | $388 | $862 | $430 | $26 | $128 | $1,834 | $153 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Rate information does not factor in specific Tampa garaging location which can revise coverage prices greatly.
Policy deductibles
One common question asked by Tampa drivers is what deductibles to buy. The rates shown below show how much more rates are when you choose different policy deductibles. The first data set uses a $250 deductible for comprehensive and collision coverage and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CTS-V | $488 | $930 | $354 | $20 | $106 | $1,923 | $160 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CTS-V | $302 | $586 | $354 | $20 | $106 | $1,368 | $114 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Premium costs do not factor in vehicle garaging location which can raise or lower coverage prices considerably.
Using the premium rates above, we can conclude that using a $250 deductible costs an average of $46 more each month or $552 every year than opting for the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to average at a minimum 16 months between claims, you would come out ahead by going with a higher deductible.
The information below highlights how deductible choice and can change Cadillac CTS-V insurance costs for each different age category. The premium estimates are based on a married female driver, full coverage, and no discounts are applied.
Auto insurance rates are higher with tickets and accidents
The illustration below demonstrates how traffic citations and at-fault claims increase Cadillac CTS-V insurance prices for different age groups of insureds. The price estimates are based on a married female driver, full physical damage coverage, $500 deductibles, and no discounts are taken into consideration.
Male drivers compared to female drivers in Tampa
The information below illustrates the comparison of Cadillac CTS-V auto insurance rates for male and female drivers. The premiums are based on no driving violations, no at-fault accidents, comp and collision included, $250 deductibles, drivers are not married, and no other discounts are factored in.
Cost difference between full coverage and liability
The information below compares Cadillac CTS-V insurance rates when comparing full coverage to liability only. The premiums are based on no claims, a clean driving record, $500 deductibles, single marital status, and no additional discounts are factored in.
Guidelines for eliminating full coverage
There isn’t a written rule to delete full coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is more than around 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.
For example, let’s say your Cadillac CTS-V settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $3,000 after the policy deductible has been paid. If you are paying over $300 a year for physical damage coverage, then it could be time to drop full coverage.
There are some situations where buying only liability insurance is not recommended. If you still have a loan on your vehicle, you have to maintain full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should keep full coverage in place.
Independent or exclusive insurance agents
Some people just want to visit with an insurance agent and often times that is recommended Professional insurance agents are trained risk managers and will help you if you have claims. One of the benefits of comparing rates online is you may find lower rates but still work with a licensed agent.
To make it easy to find an agent, after completing this form (opens in new window), your insurance coverage information is instantly submitted to companies in Tampa who can give free rate quotes and help you find cheaper coverage. It’s much easier because you don’t need to do any legwork as quotes are delivered instantly to you. If you wish to compare rates from a particular provider, you just need to search and find their rate quote page and give them your coverage information.
Choosing an insurance company should include more criteria than just a cheap price quote. Get answers to these questions too.
- In the event of vehicle damage, can you pick the collision repair facility?
- Will a damage claim use OEM or aftermarket replacement parts?
- Which family members are covered?
- What will you get paid if your car is a total loss? How is that amount determined?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
Do you need an independent or exclusive auto insurance agent?
If you are wanting to find a local insurance agency, you should know the types of agencies and how they operate. Agents can be classified as either independent or exclusive. Either can insure your vehicles, but it’s important to point out the difference between them since it can affect your agent selection.
Exclusive Insurance Agents
Agents in the exclusive channel can usually just insure with one company and examples are Farmers Insurance, State Farm, Allstate, and AAA. They usually cannot compare rates from other companies so always compare other rates. Exclusive insurance agents receive extensive training on what they offer which helps offset the inability to provide other markets. Some people will only use the same exclusive agent primarily because of the brand rather than low rates.
Below is a list of exclusive agents in Tampa that are able to give comparison quotes.
- Adi Khorsandian – State Farm Insurance Agent
20752 Center Oak Dr – Tampa, FL 33647 – (813) 991-4111 – View Map - American Family Agencies
8501 N Florida Ave – Tampa, FL 33604 – (813) 930-0400 – View Map - Allstate Insurance: Bruce Kestenbaum
320 E Fletcher Ave – Tampa, FL 33612 – (813) 513-8800 – View Map
Independent Insurance Agents
These type of agents are not employed by one company so they have the ability to put coverage with any number of different companies and help determine which has the cheapest rates. If premiums increase, they simply move your policy to a different company and you can keep the same agent.
When shopping rates, it’s a good idea to get rate quotes from a few independent agents to have the most options to choose from. Many can place coverage with smaller companies that many times have cheaper rates.
Below is a short list of independent insurance agents in Tampa willing to provide price quote information.
- Buhl Insurance Agency
2935 W Hillsborough Ave – Tampa, FL 33614 – (813) 876-0057 – View Map - Global FIS – A Full Service Independant Insurance Agency
8710 W Hillsborough Ave #201 – Tampa, FL 33615 – (813) 343-0844 – View Map - Colucci Insurance
1441 E Fletcher Ave – Tampa, FL 33612 – (813) 972-1947 – View Map
It may be expensive, but it’s not optional
Despite the potentially high cost of Cadillac CTS-V insurance, insuring your vehicle may not be optional for several reasons.
- Almost all states have mandatory liability insurance requirements which means you are required to buy specific minimum amounts of liability coverage if you don’t want to risk a ticket. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a lien on your Cadillac CTS-V, it’s guaranteed your bank will make it mandatory that you have insurance to guarantee payment of the loan. If you default on your policy, the lender may have to buy a policy to insure your Cadillac at a much higher premium rate and make you pay the higher price.
- Insurance safeguards not only your Cadillac but also your financial assets. It will also provide coverage for medical transport and hospital expenses that are the result of an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit 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 (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of insuring your CTS-V outweigh the cost, especially for larger claims. In a recent study of 1,000 drivers, the average customer is overpaying more than $750 every year so you should quote your policy with other companies at least once a year to ensure rates are inline.
Auto insurance coverages 101
Knowing the specifics of a auto insurance policy aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording.
Coverage for uninsured or underinsured drivers
Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your Cadillac CTS-V.
Since a lot of drivers only purchase the least amount of liability that is required (which is 10/20/10), it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.
Comprehensive auto insurance
This covers damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for things such as falling objects, a broken windshield, vandalism and theft. The most you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Collision coverage
This will pay to fix damage to your CTS-V caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage protects against claims like crashing into a ditch, sideswiping another vehicle and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Drivers also have the option to increase the deductible on your CTS-V in order to get cheaper collision rates.
Coverage for medical expenses
Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for things like surgery, rehabilitation expenses and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. They cover you and your occupants in addition to being hit by a car walking across the street. PIP coverage is not an option in every state and may carry a deductible
Auto liability insurance
Liability insurance will cover injuries or damage you cause to a person or their property by causing an accident. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 10/20/10 which means $10,000 in coverage for each person’s injuries, a per accident bodily injury limit of $20,000, and a limit of $10,000 paid for damaged property.
Liability coverage protects against things like loss of income, court costs, pain and suffering, medical expenses and attorney fees. How much coverage you buy is a decision to put some thought into, but buy as large an amount as possible. Florida requires drivers to carry at least 10/20/10 but you should think about purchasing more liability than the minimum.
The next chart demonstrates why minimum state limits may not be enough coverage.
Best auto insurance company in Tampa
Buying coverage from the top insurer is hard considering how many companies provide coverage in Tampa. The company information in the lists below can help you analyze which auto insurers you want to consider to insure your vehicles.
Top 10 Tampa Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Final considerations
When trying to cut insurance costs, it’s very important that you do not skimp on coverage in order to save money. There have been many situations where an insured dropped liability limits or collision coverage only to regret at claim time that the savings was not a smart move. Your goal should be to buy enough coverage at a price you can afford while still protecting your assets.
People who switch companies do it for many reasons like being labeled a high risk driver, policy cancellation, poor customer service or delays in paying claims. Regardless of your reason for switching companies, finding a new company is not as difficult as it may seem.
Cheap Cadillac CTS-V insurance in Tampa can be sourced from both online companies and also from your neighborhood Tampa agents, so you need to quote Tampa car insurance with both to have the best chance of lowering rates. Some auto insurance companies may not offer price quotes online and most of the time these regional insurance providers work with independent agencies.
How to buy affordable Cadillac CTS-V insurance in Tampa
To save the most money, the best way to save on Cadillac CTS-V insurance in Tampa is to regularly compare prices from companies who sell insurance in Florida. You can compare rates by following these guidelines.
- First, try to comprehend auto insurance and the modifications you can make to prevent rate increases. Many things that result in higher rates such as your driving record and an imperfect credit score can be eliminated by making minor changes to your lifestyle.
- Second, quote rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like Progressive and State Farm, while independent agents can give you price quotes for many different companies.
- Third, compare the new rates to your current policy and see if there is a cheaper rate in Tampa. If you can save some money and make a switch, make sure coverage is continuous and does not lapse.
One bit of advice is to use similar limits and deductibles on each quote and and to get quotes from all possible companies. Doing this enables a fair rate comparison and a complete selection of prices.
To learn more, link through to the articles below:
- Coverage Information (Progressive Insurance)
- What Insurance is Cheapest for Veterans in Tampa? (FAQ)
- What Auto Insurance is Cheapest for Uber Drivers in Tampa? (FAQ)
- Who Has the Cheapest Car Insurance for Active Military in Tampa? (FAQ)
- Credit and Insurance Scores (Insurance Information Institute)
- Cellphones, Texting and Driving (iihs.org)
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)