Cheap Insurance for a Cadillac SRX in Phoenix

Would you like to buy lower-priced Cadillac SRX insurance in Phoenix? Think you have an overpriced car insurance policy? It’s a common feeling and there are a lot of people in Phoenix just like you who feel imprisoned by their car insurance policy.

Insurance quote for Cadillac SRX in PhoenixUnthinkable but true, almost 70% of insureds in Arizona have remained with the same car insurance company for over three years, and approximately 40% of consumers have never shopped around. The average driver in the U.S. could save about $859 each year, but they just don’t understand the big savings they would realize if they bought a different policy.

Because you have many companies and agents to choose from, it can be diffult for drivers to pick the most cost effective car insurance company.

It is always a good idea to quote other rates before your next renewal because insurance prices tend to go up over time. Just because you found the best deal on Cadillac SRX insurance in Phoenix on your last policy you will most likely find a better premium rate today. Don’t believe everything you read about SRX insurance on the web, but by reading this article, you’re going to learn some great ideas on how to slash your car insurance rates in Phoenix.

Verify you’re receiving every discount

Some insurance providers don’t always list every discount available in an easy-to-find place, so we took the time to find a few of the more well known and also the more inconspicuous ways to save on car insurance.

Don’t be surprised that some of the credits will not apply to your bottom line cost. Most cut specific coverage prices like liability, collision or medical payments. So even though it sounds like having all the discounts means you get insurance for free, nobody gets a free ride.

Companies that may offer policyholders these money-saving discounts possibly include:

Before buying, ask each company the best way to save money. Depending on the company, some discounts may not apply to policies in Phoenix. If you would like to see a list of insurers who offer cheap Cadillac SRX insurance quotes in Arizona, click here.

When price shopping your coverage, quoting more helps increase your odds of locating a lower rate. Some companies don’t provide price estimates online, so it’s important to also get quotes from them, too.

The car insurance companies shown below provide price quotes in Arizona. If multiple companies are shown, we suggest you visit several of them to get the lowest price.

Cadillac SRX Insurance Price Estimates in Phoenix, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $180 $356 $404 $24 $122 $1,086 $91
SRX Luxury 2WD $156 $326 $306 $18 $92 $898 $75
SRX Luxury AWD $224 $518 $314 $18 $94 $1,168 $97
SRX Performance 2WD $278 $620 $338 $20 $102 $1,358 $113
SRX Performance AWD $266 $488 $308 $18 $92 $1,172 $98
SRX Premium 2WD $250 $524 $282 $16 $84 $1,156 $96
SRX Premium AWD $370 $632 $392 $24 $118 $1,536 $128
Get Your Own Custom Quote Go

Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Prices do not factor in vehicle location which can change insurance rates significantly.

Annual premiums for males compared to females

The diagram below compares Cadillac SRX car insurance rates for male and female drivers. The information is based on no violations or accidents, full coverage, $500 deductibles, single marital status, and no policy discounts are applied.

Higher deductibles lower rates

When shopping for auto insurance, a common question is how high should the physical damage coverage deductibles be. The premium rates below can help illustrate the differences in price between high and low physical damage coverage deductibles. The first set of prices uses a $250 physical damage coverage deductible and the second set of prices uses a $500 deductible.

Cadillac SRX insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $262 $460 $300 $18 $90 $1,155 $96
SRX Luxury 2WD $262 $530 $300 $18 $90 $1,225 $102
SRX Luxury AWD $262 $530 $300 $18 $90 $1,225 $102
SRX Performance 2WD $292 $530 $300 $18 $90 $1,255 $105
SRX Performance AWD $292 $530 $300 $18 $90 $1,255 $105
SRX Premium 2WD $292 $530 $300 $18 $90 $1,255 $105
SRX Premium AWD $292 $530 $300 $18 $90 $1,255 $105
Get Your Own Custom Quote Go

Cadillac SRX insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $212 $370 $300 $18 $90 $990 $83
SRX Luxury 2WD $212 $428 $300 $18 $90 $1,048 $87
SRX Luxury AWD $212 $428 $300 $18 $90 $1,048 $87
SRX Performance 2WD $236 $428 $300 $18 $90 $1,072 $89
SRX Performance AWD $236 $428 $300 $18 $90 $1,072 $89
SRX Premium 2WD $236 $428 $300 $18 $90 $1,072 $89
SRX Premium AWD $236 $428 $300 $18 $90 $1,072 $89
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Premium amounts do not factor in specific zip code location which can impact prices substantially.

Based on these figures, using a $250 deductible will cost you about $15 more each month or $180 each year than requesting the higher $500 deductible. Because you would be required to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to go at a minimum 17 months between claim filings, you would come out ahead by selecting a higher deductible.

How to calculate deductible break even point

Average monthly premium for $250 deductibles: $103
Average monthly premium for $500 deductibles (subtract): – $88
Monthly savings from raising deductible: $15
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $15
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

How You Can Control Cadillac SRX Insurance Costs

An important part of buying insurance is that you know some of the elements that aid in calculating car insurance rates. When consumers understand what determines base rates, this allows you to make good choices that will entitle you to much lower annual insurance costs.

Don’t let your coverage lapse – Going without insurance is a guaranteed way to increase your rates. In addition to paying higher premiums, being ticketed for driving with no insurance may earn you fines and jail time.

Tickets and citations cost more than a fine – Attentive drivers pay less for auto insurance compared to bad drivers. Even a single chargeable violation can boost insurance rates by as much as twenty percent. Drivers with license-revoking citations like hit and run, DWI or reckless driving convictions may need to file a SR-22 to the state department of motor vehicles in order to prevent their license from being revoked.

Car features that lower premiums – Owning a car with a theft deterrent system can save you some money. Theft prevention devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart auto theft and help lower rates.

Annual miles is a factor – The higher the miles on your Cadillac every year the higher the price you pay to insure it. Many insurance companies charge rates determined by how the vehicle is used. Cars and trucks not used for work or commuting can get a lower rate than cars that get driven a lot. Having an incorrect usage rating on your SRX may be wasting your money. Make sure your car insurance coverage reflects the right rating data, because improper ratings can cost you money.

Only buy what you need – Insurance policies have a lot of extra coverages that you can buy when buying car insurance. Things like replacement cost coverage, accidental death, and extra life insurance coverage may not be needed and are just wasting money. They may seem good at first, but your money might be better spent on other coverage so eliminate them to save money.

Premiums are high for teenagers – Youthful drivers in Arizona are statistically shown to be inattentive when behind the wheel therefore car insurance rates are much higher. Older, more experienced drivers tend to be more responsible, cause fewer claims and accidents, and tend to be get fewer driving tickets.

Cadillac SRX insurance loss data – Insurers study historical loss data to calculate a rate that will offset losses. Models that are shown to have a higher amount or frequency of claims will be charged more to insure.

The table below outlines the loss history for Cadillac SRX vehicles. For each type of coverage, the statistical loss for all vehicles, as an average, equals 100. Values that are below 100 suggest losses that are better than average, while numbers above 100 indicate a higher chance of having a claim or an increased probability of a larger loss.

Auto Insurance Loss Data for Cadillac SRX Models

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

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

Don’t assume everyone needs the same car insurance coverage

When quoting and comparing adequate coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Every insured’s situation is different and a cookie cutter policy won’t apply. Here are some questions about coverages that might help in determining if you might need professional guidance.

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.

Auto insurance quotes from local neighborhood Phoenix car insurance agents

A lot of people just prefer to buy from a licensed agent and that is just fine! One of the great benefits of getting free rate quotes online is the fact that you can find cheap auto insurance rates and also buy local.

Insurance agents in PhoenixUpon completion of this short form, your insurance data is transmitted to local insurance agents in Phoenix who will give you bids for your insurance coverage. You never need to drive around since price quotes are sent immediately to your email address. You can find lower rates AND a local agent. If for some reason you want to quote rates from a specific auto insurance provider, you can always navigate to their website to submit a rate quote request.

Finding the right insurer requires you to look at more than just the premium amount. Some important questions to ask are:

If you get acceptable answers to any questions you may have and a low price estimate, it’s a good possibility that you have found an provider that meets your needs to service your policy. Keep in mind policyholders can cancel your coverage whenever you wish so never assume you’re contractually obligated to any particular company with no way to switch.

Why you need insurance for your Cadillac SRX

Despite the fact that auto insurance is not cheap in Phoenix, auto insurance serves several important purposes.

The benefits of insuring your car are definitely more than the cost, particularly for liability claims. The average driver in Arizona is wasting up to $830 a year so it’s very important to do a rate comparison every year to be sure current rates are still competitive.

One last thing about your coverage

We’ve covered quite a bit of information on how to find lower-cost Cadillac SRX insurance in Phoenix. It’s most important to understand that the more rate quotes you have, the higher the chance of saving money. Drivers may even discover the biggest savings come from some of the lesser-known companies. They can often provide lower prices in certain areas as compared to the big name companies such as Progressive or GEICO.

When you buy Phoenix auto insurance online, it’s not a good idea to reduce needed coverages to save money. There have been many cases where consumers will sacrifice comprehensive coverage or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your goal should be to buy a smart amount of coverage at the lowest possible cost, but do not skimp to save money.

More tips and info about auto insurance can be read in the articles below: