Best Rates for Cadillac SRX Insurance in Chandler

Regrettably, nearly 70% of consumers have been with the same company for four years or more, and practically 40% of auto insurance customers have never compared rate quotes at all. Arizona insurance shoppers could save themselves about 50% a year by just comparing rate quotes, but they underestimate how much money they would save if they switch to a new company.

The most effective way to find cheaper quotes for Cadillac SRX insurance in Chandler is to start doing an annual price comparison from insurers that sell auto insurance in Arizona. Prices can be compared by following these steps.

• First, spend some time learning about how insurance works and the steps you can take to keep rates down. Many factors that cause rate increases such as getting speeding tickets and poor credit history can be amended by making minor changes in your lifestyle. This article gives the details to prevent high rates and find overlooked discounts.
• Second, quote rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like GEICO or Farmers Insurance, while independent agents can provide price quotes for many different companies.
• Third, compare the price quotes to the premium of your current policy to see if a cheaper rate is available. If you find a lower rate quote, make sure coverage is continuous and does not lapse.

One tip to remember is to try to compare the same level of coverage on every quote request and and to get rates from every insurance company. This enables an apples-to-apples comparison and maximum price selection.

These techniques will tell you how to effectively get price quotes and how you can save the most money. If you’re already insured, you will definitely be able to get lower rates using the following tips. Comparison shoppers just have to understand the best way to find the lowest price over the internet.

Coverage statistics and figures

The rate table displayed below highlights a range of insurance costs for Cadillac SRX models. Understanding more about how prices are figured can aid in making informed decisions when comparing rates.

Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Arizona minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Premium costs do not factor in specific location information which can impact premium rates greatly.

Physical damage deductible comparison

One common question asked by Chandler drivers is how high should the physical damage coverage deductibles be. The data tables below summarize the price difference of buying low and high physical damage coverage deductibles. The first set of rates uses a $250 comprehensive and collision deductible and the second set of prices uses a $500 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Price estimates do not factor in specific Chandler garaging location which can impact rates significantly.

Based on these figures, using a $250 deductible costs about $15 more each month or $180 for a full year than choosing the higher $500 deductible. Due to the fact that you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to average at least 17 months between claims, you would more than likely save some money if you decide on a higher deductible. Here is an example of how you can come to your own conclusion.

One big caveat is that increasing deductibles to save money results in more money out-of-pocket when you file a claim. You need enough savings in the event you need to pay the deductible.

The diagram below shows how different deductible levels and can impact Cadillac SRX insurance prices for different age categories. The rate quotes are based on a married male driver, full physical damage coverage, and no discounts are applied.

Cost comparison with and without full coverage

The illustration below shows the comparison of Cadillac SRX annual premium costs when comparing full coverage to liability only. The information is based on no violations or claims, $100 deductibles, single marital status, and no discounts are factored in.

When to drop comprehensive and collision

There isn’t a written rule to delete physical damage coverage, but there is a broad guideline. If the annual cost of having full coverage is about 10% or more of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let’s say your Cadillac SRX replacement cost is $5,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $4,000 after you pay the deductible. If it’s costing you more than $400 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are a few situations where buying only liability insurance is not recommended. If you haven’t satisfied your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not opt for liability only.

What Determines Cadillac SRX Insurance Rates?

Lots of factors are part of the equation when pricing auto insurance. Some of the criteria are obvious like a motor vehicle report, but others are less obvious like your continuous coverage and annual miles driven. Consumers need to have an understanding of the rating factors that aid in calculating your premiums. When you understand what impacts premium levels, this enables you to make decisions that can help you get big savings.

• Higher premiums for coverage lapses – Having a gap between insurance policy dates is a fast way to trigger a rate increase. Not only will you pay higher rates, getting caught without coverage might get you fines or a revoked license.

• Do women or men drive better? – Statistics show females are less aggressive when driving. The data does not necessarily mean that females are better drivers. Both sexes tend to get into accidents at a similar rate, but males have accidents that have higher claims. Not only that, but men also have more aggressive citations like DUI and reckless driving. Young men ages 16 to 20 tend to get in the most accidents and are penalized with high insurance rates.

  The information below visualizes the comparison of Cadillac SRX auto insurance costs for male and female drivers. The premiums are based on no claims or violations, full coverage, $500 deductibles, single marital status, and no additional discounts are factored in.

• Performance impacts rates – The make and model of the car or truck you need to insure makes a substantial difference in determining your rates. Lower performance four cylinder passenger vehicles generally have the cheapest insurance rates, but other factors influence the final cost greatly.

  The following data is based on a married male driver age 30, full coverage with $500 deductibles, and no discounts or violations. It shows Cadillac SRX insurance premiums compared to other models that have different performances.

• Cars with good safety ratings means lower insurance rates – Vehicles with good safety scores tend to be cheaper to insure. The safest vehicles result in less severe injuries and reduced instances of injuries means less claims paid which can result in lower premiums.
• Single vs. married – Being married may save some money on your insurance policy. It may mean you are more stable financially and it’s statistically proven that married couples file fewer claims.
• Deter vehicle theft – Owning a car with advanced anti-theft systems can save you some money. Theft prevention devices like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help stop car theft and help bring rates down.

• Insurance losses for a Cadillac SRX – Car insurance companies use statistical claims data when they file their rates in each state. Models that the data determines to have higher claim amounts or frequency will be charged more to insure. The table below illustrates the collected loss data for Cadillac SRX vehicles.

  For each insurance policy coverage type, the claim amount for all vehicles, regardless of make or model, is considered to be 100. Values below 100 represent a good loss history, while values over 100 indicate more frequent claims or an increased chance of a larger loss.

  
  

  Car Insurance Loss Data for Cadillac SRX Models

  Make and 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

  BETTER

  AVERAGE

  WORSE

  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Best car insurance in Arizona

Choosing the right company can be challenging considering how many different companies there are to choose from in Arizona. The company ratings shown below could help you select which car insurance providers to look at comparing price quotes from.

Top 10 Chandler Car Insurance Companies Overall

1. USAA
2. American Family
3. State Farm
4. The Hartford
5. AAA Insurance
6. GEICO
7. The General
8. Titan Insurance
9. Progressive
10. Mercury Insurance

Cheaper auto insurance is a realistic goal

When shopping online for auto insurance, never skimp on coverage in order to save money. There are many occasions where an accident victim reduced full coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your aim should be to purchase plenty of coverage for the lowest cost.

Cost effective Cadillac SRX insurance is possible online and from local agencies, and you should compare price quotes from both in order to have the best price selection to choose from. Some auto insurance companies may not provide rate quotes online and usually these small insurance companies work with local independent agencies.

Drivers change insurance companies for a number of reasons such as poor customer service, not issuing a premium refund, denial of a claim or even questionable increases in premium. Whatever your reason, switching auto insurance companies is actually quite simple.

To read more, link through to the articles below:

• Auto Insurance 101 (About.com)
• Who Has the Cheapest Auto Insurance Rates for Hybrid Vehicles in Chandler? (FAQ)
• What Insurance is Cheapest for Unemployed Drivers in Chandler? (FAQ)
• Who Has Cheap Auto Insurance Rates for a School Permit in Chandler? (FAQ)
• Who Has Affordable Chandler Auto Insurance Rates for First-time Drivers? (FAQ)
• What does Personal Injury Protection (PIP) Cover? (Allstate)
• Credit and Insurance Scores (Insurance Information Institute)
• How Does Hitting a Deer Impact Insurance Rates? (Allstate)