Cheaper 2008 Cadillac XLR Car Insurance Quotes

Want the cheapest auto insurance rates for your Cadillac XLR? Are you sick and tired of trying to scrape together enough money to pay your car insurance bill each month? You are no different than millions of other consumers. Numerous insurance companies battle for your hard-earned dollar, so it can be very hard to choose a insurance company to get the best rates possible.

If you have a current insurance policy or are looking for a new policy, you can follow these tips to reduce the price you pay and still get good coverage. Finding affordable coverage is quite easy. Drivers only need an understanding of the tricks to compare company rates online.

Parts of the Cadillac XLR rate equation

Smart consumers have a good feel for the rating factors that play a part in calculating your car insurance rates. When you know what positively or negatively determines base rates helps enable you to make changes that can help you get much lower annual insurance costs.

Shown below are some of the factors that factor into your rates.

  • Little extras can really add up – There are many add-on coverages that can waste your money if you aren’t careful. Coverages like rental car reimbursement, accident forgiveness and additional equipment coverage are some examples. These may sound like a good investment when talking to your agent, but now you might not need them so get rid of them and save.
  • Rates may be higher depending on your occupation – Did you know your car insurance rates can be affected by your occupation? Occupations like doctors, executives and stock brokers have the highest rates attributed to high stress levels and lots of time spent at work. On the other hand, professions such as scientists, students and performers get better rates on XLR coverage.
  • More claims means more premium – If you file claims often, you can expect either a policy non-renewal or much higher rates. Insurance companies award lower rates to drivers who are claim-free. Auto insurance is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
  • Careful drivers pay lower rates – Just one citation can increase rates by twenty percent. Good drivers get better rates than people who have multiple driving citations. Drivers who have severe citations like DWI, reckless driving or hit and run convictions may need to file a SR-22 with the DMV in their state in order to drive a vehicle legally.

How to Compare Car Insurance Rates

There are a variety of methods to compare 2008 Cadillac XLR car insurance quotes, but some are more efficient than others. You can waste hours driving to insurance companies in your area, or you can utilize the internet to get rate comparisons in just a few minutes.

Most major companies participate in a marketplace where prospective buyers submit their information once, and every company can provide price quotes based on that data. This eliminates the need for form submissions for each company.

To access this free quoting program, click here (opens in new window).

The only drawback to comparing rates this way is that consumers can’t choose the insurers you will receive quotes from. So if you prefer to pick individual companies to compare, we have assembled a list of companies who write car insurance in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just ensure you’re using apples-to-apples quote information with every price quote. If you compare different deductibles then you won’t be able to decipher which rate is best.

Don’t miss out on these money-saving discounts

The cost of insuring your cars can be expensive, but discounts can save money and there are some available that you may not even be aware of. Certain discounts will be triggered automatically at the time of quoting, but some may not be applied and must be inquired about prior to receiving the credit. If you aren’t receiving every discount you deserve, you are throwing money away.

  • Government Employees – Simply working for the federal government can save as much as 8% on XLR coverage with select insurance companies.
  • Claim Free – Good drivers with no accidents can save substantially as compared to accident-prone drivers.
  • Multiple Vehicles – Buying coverage for multiple vehicles on one policy may reduce the rate for each vehicle.
  • Service Members Pay Less – Having a family member in the military could mean lower rates.
  • Safe Drivers – Drivers who don’t get into accidents may receive a discount up to 45% less on XLR coverage than their less cautious counterparts.
  • Air Bag Discount – Vehicles equipped with air bags or motorized seat belts can qualify for discounts of up to 25% or more.
  • Anti-lock Brake System – Cars that have steering control and anti-lock brakes can reduce accidents and qualify for as much as a 10% discount.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to complete a driver education course in high school.

Drivers should understand that most of the big mark downs will not be given the the whole policy. Some only reduce individual premiums such as collision or personal injury protection. Just because it seems like having all the discounts means you get insurance for free, you won’t be that lucky. But all discounts will cut the amount you have to pay.

A partial list of companies that possibly offer these discounts are:

Before buying, ask each insurance company which discounts they offer. All car insurance discounts might not be offered everywhere.

Do I need special coverages?

When choosing coverage for your vehicles, there really is not a best way to insure your cars. Every situation is different and your policy should reflect that. These are some specific questions might help in determining if your situation would benefit from professional advice.

  • Does my policy cover me when driving someone else’s vehicle?
  • Do I have coverage when pulling a U-Haul trailer?
  • Are rock chip repairs covered?
  • Does my policy cover my teen driver if they drive my company car?
  • How can I get my company to pay me more for my totalled car?
  • Do all my vehicles need collision coverage?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Am I covered when delivering products for my home-based business?
  • Is my dog or cat covered if injured in an accident?
  • When do I need to add a new car to my policy?

If you’re not sure about those questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.

Car insurance coverages for a 2008 Cadillac XLR

Having a good grasp of a car insurance policy helps when choosing the right coverages at the best deductibles and correct limits. Car insurance terms can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverage types found on most car insurance policies.

Liability coverages

This will cover injuries or damage you cause to people or other property in an accident. It protects you from claims by other people, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 100/300/100 which means a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims such as repair costs for stationary objects, structural damage, medical expenses and emergency aid. The amount of liability coverage you purchase is your choice, but buy higher limits if possible.

Collision coverage protection

Collision insurance covers damage to your XLR resulting from a collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as scraping a guard rail, sustaining damage from a pot hole, crashing into a building and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses like EMT expenses, pain medications, surgery, hospital visits and dental work. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover you and your occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Cadillac XLR.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Comprehensive auto coverage

This coverage will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as falling objects, hitting a bird and theft. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Feed the piggy bank

The cheapest 2008 Cadillac XLR insurance is definitely available on the web as well as from independent agents, and you should compare price quotes from both to have the best selection. Some insurance companies don’t offer online price quotes and most of the time these small insurance companies sell through independent agents.

As you shop your coverage around, make sure you don’t reduce coverage to reduce premium. There are a lot of situations where drivers have reduced physical damage coverage only to discover later that the small savings ended up costing them much more. Your focus should be to get the best coverage possible at a price you can afford.

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