Cheap Insurance for a Cadillac SRX in Columbus

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Insurance rates Cadillac SRX in ColumbusIt takes a few minutes, but the best way to get discount Cadillac SRX insurance is to regularly compare quotes from providers who sell insurance in Columbus. Rates can be compared by following these guidelines.

  1. Take a few minutes and learn about how auto insurance works and the things you can control to keep rates low. Many rating criteria that cause high rates like accidents, traffic tickets, and an unacceptable credit rating can be controlled by being financially responsible and driving safely. This article gives more information to prevent high rates and find available discounts that you may qualify for.
  2. Get rate quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only provide price estimates from one company like GEICO or Allstate, while agents who are independent can give you price quotes from many different companies.
  3. Compare the new rate quotes to your current policy to see if switching to a new carrier will save money. If you can save money and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.
  4. Notify your company or agent to cancel the current policy. Submit the signed application along with the required initial payment to the new company. Immediately upon receiving it, store the certificate verifying proof of insurance in your vehicle.

One thing to point out is to try to compare the same deductibles and limits on every quote request and to quote with as many companies as feasibly possible. This helps ensure a fair price comparison and maximum price selection.

It's safe to assume that auto insurance companies don't want customers comparing rates. People who get price quotes annually are likely to switch insurance companies because there is a significant possibility of getting low-cost coverage. A recent insurance study revealed that consumers who routinely compared quotes saved as much as $72 a month compared to drivers who never shopped around for cheaper prices.

If finding the best rates on insurance in Columbus is your objective, then having some knowledge of the best ways to find and compare coverages can save time and money.

Cheap companies for Cadillac SRX insurance in Ohio

The companies in the list below can provide free quotes in Columbus, OH. If multiple providers are shown, we recommend you visit several of them to get a more complete price comparison.

Auto insurance analysis for a Cadillac SRX

The rate information shown below outlines different insurance prices for Cadillac SRX models. Being able to understand how rates are established can benefit drivers when making smart choices when comparing insurance quotes.

Cadillac SRX Insurance Rates in Columbus, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $96 $186 $218 $12 $66 $578 $48
SRX Luxury 2WD $96 $214 $218 $12 $66 $606 $51
SRX Luxury AWD $96 $214 $218 $12 $66 $606 $51
SRX Performance 2WD $106 $214 $218 $12 $66 $616 $51
SRX Performance AWD $106 $214 $218 $12 $66 $616 $51
SRX Premium 2WD $106 $214 $218 $12 $66 $616 $51
SRX Premium AWD $106 $214 $218 $12 $66 $616 $51
Get Your Own Custom Quote Go

Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Rate information does not factor in vehicle location which can impact price quotes noticeably.

Physical damage deductible comparison

One common question asked by Columbus drivers is how high should your deductibles be. The figures shown below can help you understand how much more you'll pay when you choose different insurance deductibles. The first set of prices uses a $100 deductible for physical damage and the second data table uses a $1,000 deductible.

Cadillac SRX insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $220 $416 $226 $14 $68 $969 $81
SRX Luxury 2WD $220 $478 $226 $14 $68 $1,031 $86
SRX Luxury AWD $220 $478 $226 $14 $68 $1,031 $86
SRX Performance 2WD $246 $478 $226 $14 $68 $1,057 $88
SRX Performance AWD $246 $478 $226 $14 $68 $1,057 $88
SRX Premium 2WD $246 $478 $226 $14 $68 $1,057 $88
SRX Premium AWD $246 $478 $226 $14 $68 $1,057 $88
Get Your Own Custom Quote Go
Cadillac SRX insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $122 $220 $226 $14 $68 $650 $54
SRX Luxury 2WD $122 $252 $226 $14 $68 $682 $57
SRX Luxury AWD $122 $252 $226 $14 $68 $682 $57
SRX Performance 2WD $136 $252 $226 $14 $68 $696 $58
SRX Performance AWD $136 $252 $226 $14 $68 $696 $58
SRX Premium 2WD $136 $252 $226 $14 $68 $696 $58
SRX Premium AWD $136 $252 $226 $14 $68 $696 $58
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Premium amounts do not factor in Columbus location which can impact prices significantly.

Based on this data, using a $100 deductible will cost you about $29 more each month or $348 for a full year across all Cadillac SRX models than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you have more than 31 months between claims, you would probably save some money if you decide on a higher deductible.

The example below demonstrates how choosing different deductibles and can change Cadillac SRX insurance costs for different age groups. The premiums are based on a married female driver, full coverage, and no discounts are factored in.

Impact of violations and accidents on rates

The information below illustrates how violations and at-fault accidents influence Cadillac SRX insurance premiums for each age group. The premiums are based on a single male driver, full coverage, $500 deductibles, and no discounts are applied.

Cadillac SRX liability-only versus full coverage

The illustration below illustrates the difference between Cadillac SRX auto insurance rates when comparing full coverage to state minimum liability only. The price estimates are based on no claims, a clean driving record, $100 deductibles, single status, and no additional discounts are factored in.

When to switch to liability coverage only

There isn't a written rule of when to phase out full coverage on your policy, but there is a guideline you can use. If the yearly cost of full coverage is about 10% or more of replacement cost minus your deductible, then it may be the right time to buy liability only.

For example, let's pretend your Cadillac SRX replacement value is $4,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $3,000 after you pay the deductible. If premiums are more than $300 annually for full coverage, then you might want to consider buying only liability coverage.

There are some cases where removing full coverage is not a good plan. If you still owe money on your vehicle, you must maintain physical damage coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.

Save Money with These Tips

One of the most helpful ways to save on auto insurance is to to have a grasp of some of the elements that aid in calculating your policy premiums. If you have a feel for what determines premiums, this allows you to make good choices that could result in lower premium levels.

Listed below are a few of the "ingredients" used by companies to determine your rate level.

  • Multi-policy discounts can save money - Most major auto insurance companies afford a discount to policyholders that purchase more than one policy. It's known as a multi-policy discount. This can amount to ten percent or more. Even if you're getting this discount you still need to check prices from other companies to guarantee you are still saving the most. You may still be able to find lower rates by insuring with multiple companies.
  • Liability insurance claims can be big - Your auto insurance policy's liability coverage is the protection when you are ruled to be at fault for causing personal injury or damage in an accident. It will provide legal defense to attempt to prove you were not liable. It is affordable coverage compared to insuring for physical damage coverage, so drivers should make sure they buy enough to cover all assets.
  • Is your car built for speed? - The make and model of the vehicle you are insuring makes a substantial difference in determining your rates. Small economy passenger cars usually have the lowest premiums, but there are many factors that impact the final cost.

    The following data is based on a single male driver age 20, full coverage with $500 deductibles, and no discounts or violations. The data compares Cadillac SRX rates compared to other models that have different risk factors.

  • Do you really need the extra coverages? - There are many optional add-on coverages that may not really be needed but may not be useful. Add-on coverages like rental car coverage, better glass coverage, and additional equipment coverage are probably not needed. They may sound like good ideas when buying your policy, but if you don't need them remove them from your policy.
  • Don't cancel your policy without a new one in place - Allowing your coverage to lapse is a sure-fire way to bump up your auto insurance costs. Not only will rates go up, getting caught without coverage will get you a revoked license or a big fine. You will then be forced to submit proof of financial responsibility or a SR-22 with the Ohio department of motor vehicles.
  • Single drivers take more risk - Your spouse may save some money on your policy. It may mean you are more stable financially and statistics show married drivers tend to have fewer serious accidents.
  • Inexpensive frequent claims are not good - If you file a lot of claims don't be surprised to see increased rates or even have your policy non-renewed. Companies in Ohio give cheaper rates to insureds who do not rely on their insurance for small claims. Your car insurance is designed for more catastrophic claims.
  • Claims statistics for a Cadillac SRX - Auto insurance companies study historical loss data when they file their rates in each state. Vehicles that the data shows to have higher prevalence or dollar amount of losses will have a higher cost to insure.

    The information below illustrates the insurance loss data used by companies for Cadillac SRX vehicles. For each policy coverage, the loss probability for all vehicles, regardless of make, model or trim level, is set at 100. Values below 100 suggest losses that are better than average, while numbers shown that are more than 100 point to more frequent losses or tendency to have higher losses.

    Cadillac SRX Insurance Claim Statistics
    Specific Cadillac 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

    Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Cheaper Cadillac SRX insurance in Columbus

Companies offering auto insurance don't always list all possible discounts very clearly, so the following list contains both well-publicized and the more hidden credits available to you.Discount insurance

  • Payment Method - If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.
  • Use Seat Belts - Drivers who require all vehicle occupants to buckle their seat belts may be able to save a few bucks off the medical payments premium.
  • Professional Memberships - Being a member of specific professional or occupational memberships or organizations is a simple method to lower premiums on your next renewal.
  • Safe Driver Discount - Drivers who avoid accidents can get discounts for up to 45% lower rates as compared to drivers with claims.
  • Employee of Federal Government - Active or former government employment can earn a discount up to 10% depending on your company.
  • Include Life Insurance and Save - Some companies give a break if you buy life insurance.
  • Theft Prevention Discount - Cars that have factory anti-theft systems are less likely to be stolen and that can save you a little bit as well.
  • Resident Student - Children who live away from home to go to college and do not have access to a covered vehicle may be able to be covered for less.
  • Mature Driver Discount - If you're over the age of 55, you may qualify for a discount up to 10%.

Discounts save money, but please remember that some of the credits will not apply to your bottom line cost. Most only cut the cost of specific coverages such as collision or personal injury protection. Just because it seems like all the discounts add up to a free policy, you won't be that lucky. Any amount of discount will help lower the amount you pay for coverage.

The example below shows the difference between Cadillac SRX car insurance costs with and without discounts applied to the policy premium. The rates are based on a male driver, no accidents, no driving violations, Ohio state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, multi-policy, safe-driver, claim-free, and homeowner discounts applied.

The best insurance companies and the discounts they provide include:

  • American Family discounts include mySafetyValet, early bird, air bags, defensive driver, good driver, good student, and multi-vehicle.
  • State Farm has savings for good student, multiple autos, passive restraint, Drive Safe & Save, and multiple policy.
  • 21st Century offers premium reductions for theft prevention, defensive driver, automatic seat belts, good student, 55 and older, early bird, and homeowners.
  • Travelers may offer discounts for new car, hybrid/electric vehicle, early quote, continuous insurance, home ownership, student away at school, and IntelliDrive.
  • GEICO may have discounts that include air bags, military active duty, good student, emergency military deployment, membership and employees, daytime running lights, and driver training.

If you want low cost Columbus auto insurance quotes, ask each insurance company the best way to save money. Some discounts might not apply in your state. To choose companies with the best discounts in Ohio, follow this link.

When to have guidance from an insurance agency

Some people just want to go talk to an agent and often times that is recommended Most agents can answer important questions and give you someone to call. One of the benefits of getting online price quotes is that you can find the best rates and still have a local agent. And buying from local insurance agencies is still important in Columbus.

Insurance agents in ColumbusUpon completion of this form (opens in new window), the coverage information is immediately sent to companies in Columbus that can provide free Columbus auto insurance quotes for your business. You don't have to search for any insurance agencies because prices are sent immediately to your email address. If you want to get a price quote from a specific company, feel free to jump over to their website to submit a rate quote request.

Choosing an insurer requires you to look at more than just the premium amount. Get answers to these questions too.

  • What will you get paid if your car is a total loss? How is that amount determined?
  • Are they giving you every discount you deserve?
  • Do they have any clout with companies to ensure a fair claim settlement?
  • Will your rates increase after a single accident?
  • How much can you save by raising your physical damage deductibles?
  • What companies can they write with?
  • Will their companies depreciate repairs to your car based on the mileage?
  • Do they assist clients in filing claims?

Cheaper car insurance rates are available

Cheaper car insurance in Columbus is available both online as well as from insurance agents, so you need to quote Columbus auto insurance with both in order to have the best chance of saving money. Some insurance companies do not offer rates over the internet and usually these smaller providers work with local independent agencies.

When trying to cut insurance costs, do not sacrifice coverage to reduce premiums. There are a lot of situations where someone sacrificed liability limits or collision coverage to discover at claim time that the small savings ended up costing them much more. Your strategy should be to purchase a proper amount of coverage for the lowest price but still have enough coverage for asset protection.

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