Insurance rates Cadillac CTS in Colorado SpringsIf price shopping Colorado Springs auto insurance quotes online is new to you, by this point your are probably baffled by the confusing number of companies all offering big savings in Colorado Springs.

A recent survey discovered that over 70% of drivers have purchased from the same company for four years or more, and 38% of customers have never even compared quotes to find cheaper rates. Many drivers in Colorado could pocket approximately $610 a year by just shopping around, but they think it's difficult to shop around.

You need to shop coverage around on a regular basis because prices trend upward over time. Just because you found the best price on Cadillac CTS insurance in Colorado Springs a few years ago you will most likely find a better rate quote today. You can find a lot of misleading information regarding CTS insurance online but in a few minutes you can learn some proven techniques to lower your auto insurance rates in Colorado Springs.

If you already have coverage, you will surely be able to find the best rates using the ideas covered in this article. We hope to help educate you on how car insurance quotes work and some tips to save money. But Colorado car owners need to have an understanding of how the larger insurance companies market insurance on the web and use it to find better rates.

Just keep in mind that having more price comparisons helps increase your odds of locating more affordable rates.

The providers in the list below provide comparison quotes in Colorado Springs, CO. If several companies are displayed, we suggest you get price quotes from several of them to get the best price comparison.

Cadillac CTS Insurance Rate Estimates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS AWD $186 $390 $426 $26 $128 $1,156 $96
CTS $278 $496 $362 $22 $108 $1,266 $106
CTS Luxury AWD $340 $764 $474 $28 $142 $1,748 $146
CTS Performance AWD $214 $490 $368 $22 $110 $1,204 $100
CTS Luxury $330 $726 $358 $22 $108 $1,544 $129
CTS Performance $264 $608 $396 $24 $118 $1,410 $118
CTS Sport $226 $460 $362 $22 $108 $1,178 $98
CTS Premium $182 $382 $396 $24 $118 $1,102 $92
CTS Premium AWD $270 $490 $358 $22 $108 $1,248 $104
Get Your Own Custom Quote Go

Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Prices do not factor in specific location information which can influence coverage prices greatly.

An analysis of deductible level

The diagram below highlights how deductible choice and can change Cadillac CTS annual premium costs for each age group. The costs are based on a married female driver, comp and collision included, and no discounts are applied to the premium.

Physical damage deductibles: Should you raise them?

One of the hardest decisions when shopping for auto insurance is how high or low should comp and collision deductibles be. The tables below show the premium difference when you buy lower versus higher comp and collision deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second data table uses a $500 deductible.

Cadillac CTS insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS AWD $306 $538 $352 $20 $106 $1,347 $112
CTS $306 $538 $352 $20 $106 $1,347 $112
CTS Luxury AWD $306 $620 $352 $20 $106 $1,429 $119
CTS Performance AWD $306 $620 $352 $20 $106 $1,429 $119
CTS Luxury $306 $620 $352 $20 $106 $1,429 $119
CTS Performance $306 $620 $352 $20 $106 $1,429 $119
CTS Sport $306 $620 $352 $20 $106 $1,429 $119
CTS Premium $342 $620 $352 $20 $106 $1,465 $122
CTS Premium AWD $342 $620 $352 $20 $106 $1,465 $122
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Cadillac CTS insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS AWD $250 $434 $352 $20 $106 $1,162 $97
CTS $250 $434 $352 $20 $106 $1,162 $97
CTS Luxury AWD $250 $500 $352 $20 $106 $1,228 $102
CTS Performance AWD $250 $500 $352 $20 $106 $1,228 $102
CTS Luxury $250 $500 $352 $20 $106 $1,228 $102
CTS Performance $250 $500 $352 $20 $106 $1,228 $102
CTS Sport $250 $500 $352 $20 $106 $1,228 $102
CTS Premium $278 $500 $352 $20 $106 $1,256 $105
CTS Premium AWD $278 $500 $352 $20 $106 $1,256 $105
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Premium amounts do not factor in the specific area where the vehicle is garaged which can change insurance rates substantially.

Using the data above, we can ascertain that using a $250 deductible would cost the average driver about $16 more each month or $192 annually than opting for the higher $500 deductible. Since the policyholder would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you go more than 16 months between claim filings, you would probably save some money if you opt for a higher deductible. The table below shows how you can do this calculation yourself.

Average monthly premium for $250 deductibles: $118
Average monthly premium for $500 deductibles (subtract): - $102
Monthly savings from raising deductible: $16
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $16
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 16 months

One important caveat is that increasing deductibles to save money means you will have to pay more out-of-pocket when you have a claim. That will necessitate enough disposable income in the event you have to pay the higher deductible in order to repair your vehicle.

Irresponsible driving raises your rates

The diagram below shows how speeding tickets and fender-benders raise Cadillac CTS insurance costs for different categories of driver ages. The premium estimates are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.

Discounts mean cheaper rates for Cadillac CTS insurance in Colorado Springs

The cost of insuring your cars can be expensive, but there are discounts available that many consumers don't even know exist. Some of these discounts will be visible when you complete an application, but a few must be inquired about before you get the savings.Discount car insurance

While discounts sound great, it's important to understand that most discounts do not apply to all coverage premiums. Most cut the price of certain insurance coverages like comprehensive or collision. So when it seems like all those discounts means the company will pay you, you aren't that lucky.

To find companies that have a full spectrum of discounts in Colorado Springs, click here.

Components of Your Cadillac CTS Insurance Prices

Many different elements are used in the calculation when pricing auto insurance. A few of the factors are predictable such as your driving record, but others are less apparent like your vehicle usage and annual miles driven.

The itemized list below are some of the most rate-impacting factors used by insurance companies to determine your premiums.

Local insurance agents

Many people would rather buy from a licensed agent and that can be a great decision One of the benefits of getting online price quotes is you may find cheap rate quotes and also buy local.

Insurance agency in Colorado SpringsTo make it easy to find an agent, after completing this short form, the coverage information is submitted to local insurance agents in Colorado Springs who will gladly provide quotes and help you find cheaper coverage. There is no reason to visit any agencies due to the fact that quote results will go to the email address you provide. It's the lowest rates without having to waste a lot of time. If you want to compare rates for a specific company, feel free to visit that company's website and fill out their quote form.

Picking the best insurance company should depend on more than just the price. These are some questions your agent should answer.

Types of auto insurance agents in Colorado Springs

If you need to find a good Colorado Springs insurance agent, it helps to know the two different types of agencies and how they work. Car insurance agents can either be exclusive or independent (non-exclusive).

Exclusive Car Insurance Agencies

Exclusive agents generally can only insure with one company and examples are Allstate, Farmers Insurance or State Farm. These agents are unable to provide prices from multiple companies so they really need to provide good service. They are very knowledgeable on their products and sales techniques and that enables them to sell even at higher rates. Consumers often choose to use a exclusive agent mainly due to loyalty to the company rather than low price.

The following is a list of exclusive insurance agencies in Colorado Springs who can help you get comparison quotes.

More Colorado Springs agents

Independent Car Insurance Agents

Agents in the independent channel are not locked into one company so they have the ability to put coverage with a variety of different insurance companies and get the cheapest rates. If they find a lower price, the business is moved internally which is easy for the insured. If you are comparing car insurance prices, you definitely need to include price quotes from multiple independent agents to ensure the widest selection of prices. They also have the ability to place coverage with less well-known companies which can save you money.

Below is a list of independent agencies in Colorado Springs willing to provide rate quotes.

More Colorado Springs agents

After talking to the agent and getting acceptable answers to your questions and cheap CTS insurance quotes, you've probably found an insurance agency that is reputable and can properly service your car insurance policy.

Persistence will pay off

Consumers change insurance companies for many reasons like denial of a claim, delays in responding to claim requests, not issuing a premium refund or unfair underwriting practices. Whatever your reason, choosing a new insurance company can be easier than you think.

When getting Colorado Springs auto insurance quotes online, you should never reduce needed coverages to save money. There have been many situations where an insured cut uninsured motorist or liability limits and discovered at claim time that it was a big mistake. The goal is to get the best coverage possible at an affordable rate but still have enough coverage for asset protection.

You just learned many tips how you can shop for Cadillac CTS insurance online. It's most important to understand that the more price quotes you have, the better likelihood of getting low cost Colorado Springs auto insurance quotes. You may even find the most savings is with a small mutual company.

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