Amazingly, most consumers have bought car insurance from the same company for a minimum of four years, and almost half have never shopped around. Drivers in Portland could cut their rates by approximately $1,000 a year, but most undervalue how much they could save if they replace their high priced policy.
If you want to save money, the best way to find low-cost prices for Cadillac CTS-V insurance is to compare quotes annually from insurance carriers who provide auto insurance in Portland. Drivers can shop around by completing these steps.
First, try to learn about auto insurance and the things you can change to prevent rate increases. Many things that increase rates such as careless driving and a poor credit score can be controlled by making minor changes in your lifestyle.
Second, compare rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive or Farmers Insurance, while agents who are independent can give you price quotes from multiple companies. Select a company
Third, compare the new quotes to your current policy premium to determine if switching companies saves money. If you find a better price, ensure coverage does not lapse between policies.
Fourth, give notification to your current company of your intention to cancel your current auto insurance policy. Submit payment along with a signed and completed policy application to your new insurance company. When you receive it, store the proof of insurance certificate in an easily accessible location in your vehicle.
An essential thing to point out is that you use the same level of coverage on each price quote and and to compare as many companies as possible. This helps ensure an accurate price comparison and the best price selection.
Obtaining price quotes for the lowest-priced protection in Portland is easy if you know what you’re doing. If you have a current insurance policy or just want to save money, you will benefit by learning to get lower rates and possibly find even better coverage. Smart buyers just have to understand the least time-consuming way to quote multiple rates online from multiple companies.
Most of the larger companies provide pricing online. Getting quotes for Cadillac CTS-V insurance in Portland is quite easy because you just enter the coverages you want on the page. After you complete the form, their quoting system orders reports for credit and driving violations and provides a quote based on these factors.
This makes it a lot easier to compare rates and it is imperative to have as many quotes as possible if you want to get a lower rate.
To find out what other companies charge, check out the insurance providers below. If you have your current policy handy, we recommend you input deductibles and limits as close as possible to your current policy. This makes sure you’re receiving a price comparison for similar insurance coverage.
The companies in the list below have been selected to offer price comparisons in Oregon. In order to find cheap auto insurance in OR, we recommend you visit as many as you can to get the best price comparison.
Cheap Portland insurance rates with discounts
Insurance is expensive, but companies offer discounts that could help you make your next renewal payment. A few discounts will be applied at the time you complete a quote, but a few must be asked about in order for you to get them.
- Home Ownership Discount – Owning a house in Portland can save a few bucks since owning and maintaining a home requires personal responsibility.
- Payment Discounts – By making one initial payment as opposed to paying monthly you may have a lower total premium amount.
- Low Mileage Discounts – Low mileage vehicles may allow you to get cheaper premium rates.
- Good Student Discount – Performing well in school may save you up to 25%. Many companies even apply the discount to college students well after school through age 25.
- Federal Employees – Having worked for a branch of the government could cut as much as 10% off depending on your insurance provider.
- Anti-theft System – Cars that have factory anti-theft systems are stolen with less frequency and will save you 10% or more on CTS-V insurance in Portland.
- E-sign – Many larger companies will provide an incentive for buying your policy over the internet.
Policy discounts save money, but some of the credits will not apply to the entire cost. Most cut individual premiums such as liability, collision or medical payments. Just because it seems like you could get a free insurance policy, companies don’t profit that way.
The diagram below illustrates the comparison of Cadillac CTS-V car insurance rates with and without discounts applied to the policy rates. Data assumes a female driver, no claims or driving violations, Oregon state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, homeowner, claim-free, safe-driver, and marriage discounts applied.
To locate insurance companies with the best Cadillac CTS-V insurance discounts in Portland in Oregon, click here to view.
Rates and detailed analysis
The coverage information below showcases different rate quotes for Cadillac CTS-V models. Knowing how prices are calculated can aid in making smart buying decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Cost estimates assume married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oregon minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Prices do not factor in specific garaging location which can affect auto insurance rates considerably.
The information below demonstrates how deductible levels and can change Cadillac CTS-V insurance costs for different ages of insureds. Data assumes a married female driver, comp and collision included, and no policy discounts are applied.
Impact of violations and accidents on rates
The diagram below shows how speeding tickets and at-fault fender-benders can influence Cadillac CTS-V auto insurance costs for different age groups. The costs are based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.
Auto insurance premiums by gender
The chart below shows the difference between Cadillac CTS-V annual premium costs for male and female drivers. The prices are based on a clean driving record, no at-fault accidents, comp and collision included, $500 deductibles, single marital status, and no discounts are factored in.
Comparison of full coverage and liability-only policies
The chart below visualizes the comparison of Cadillac CTS-V insurance prices with full coverage and liability only. The data is based on no claims or violations, $250 deductibles, single status, and no policy discounts are applied.
Are you wasting money on full coverage?
There is no clear-cut rule of when to exclude comp and collision coverage, but there is a general guideline you can use. If the annual cost of coverage is more than about 10% of replacement cost minus your deductible, then you might consider buying liability only.
For example, let’s say your Cadillac CTS-V replacement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company would pay you is $7,000 after the policy deductible has been paid. If it’s costing in excess of $700 annually for your policy with full coverage, then it might be time to consider dropping full coverage.
There are a few cases where only buying liability is not advised. If you haven’t paid off your loan, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.
Portland auto insurance companies
Ending up with a highly-rated insurer is difficult considering how many companies provide coverage in Portland. The information in the next section can help you analyze which auto insurance companies to look at putting your business with.
Top 10 Portland Car Insurance Companies Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- Titan Insurance
- The Hartford
- Mercury Insurance
Top 10 Portland Car Insurance Companies Ranked by Customer Service
- State Farm
- The Hartford
- Mercury Insurance
- The General
- AAA Insurance
- American Family
How to Lower Your Insurance Prices
Many things are used when you get a price on insurance. Some of the criteria are obvious like your driving record, but others are less apparent such as your credit history or your commute time. One of the most helpful ways to save on auto insurance is to to have a grasp of some of the things that are used to determine the level of your policy premiums. When you know what positively or negatively determines premiums, this enables you to make decisions that can help you get big savings.
Do you work long hours in a stressful employer? – Occupations like real estate brokers, executives, and emergency personnel generally pay higher average rates because of stressful work requirements and extremely grueling work hours. On the flip side, professions such as professors, historians and retirees have the lowest average rates.
Lower rates for safer cars – Vehicles that have high safety ratings tend to have lower insurance rates. These vehicles reduce occupant injuries and lower rates of occupant injuries means your insurance company pays less passed on to you as lower rates. If your Cadillac CTS-V is rated at a minimum four stars on Safercar.gov it is probably cheaper to insure.
Don’t skimp on liability protection – The liability coverage on your policy will protect you if you are ruled to be at fault for damages from an accident. Liability insurance provides legal defense which can cost thousands of dollars. Liability insurance is quite affordable compared to other policy coverages, so do not skimp.
Do you need those extra policy coverages? – There are many extra add-on coverages that sound like a good idea at the time when buying auto insurance. Insurance for roadside assistance, high-cost glass coverage, and Farm Bureau memberships are examples of these. These may sound like a good investment at first, but your needs may have changed so consider taking them off your policy.
Cadillac CTS-V insurance loss probability – Car insurance companies analyze claim trends for every vehicle when they set coverage costs for each model. Models that historically have a higher amount or frequency of claims will have a higher premium rate. The table below shows the historical loss data for Cadillac CTS-V vehicles.
For each type of coverage, the claim probability for all vehicles combined as an average is set at 100. Numbers shown that are under 100 suggest losses that are better than average, while values that are 100 or greater point to more frequent losses or a tendency for losses to be larger than average.
|Specific Cadillac Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Cadillac CTS-V 2dr||174||74||135|
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years