The most effective way to get cheaper Cadillac ATS insurance in Las Vegas is to start comparing prices yearly from insurance carriers that insure vehicles in Nevada. Rate comparisons can be done by completing these steps.
Step 1: Take a little time to learn about auto insurance and the measures you can control to keep rates low. Many policy risk factors that result in higher rates like getting speeding tickets and an imperfect credit rating can be controlled by making minor driving habit or lifestyle changes.
Step 2: Compare prices from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give rate quotes from one company like GEICO or Allstate, while independent agents can quote prices for many different companies.
Step 3: Compare the new rate quotes to your existing policy to see if switching to a new carrier will save money. If you find a better price and change companies, make sure there is no lapse between the expiration of your current policy and the new one.
Step 4: Tell your current company to cancel the current policy and submit the application along with any required down payment to the new company. Don’t forget to store the proof of insurance paperwork along with your vehicle registration.
One tip to remember is to try to compare identical coverage information on each price quote and and to get price quotes from as many different insurance providers as possible. This provides a fair price comparison and a complete selection of prices.
A recent study showed that nearly 70% of consumers kept their policy with the same company for over three years, and almost 40% of drivers have never compared rates from other carriers. Consumers in the U.S. could cut their rates by $860 a year by just shopping around, but most just don’t grasp the big savings they would realize if they switched to a cheaper policy.
Many insurance companies allow consumers to get coverage prices directly from their websites. Doing online quotes for Cadillac ATS insurance in Las Vegas is quite easy as you simply type in the coverages you want on the page. Once entered, their rating system automatically retrieves your credit score and driving record and generates a price based on the information you submitted.
Quoting online for Cadillac ATS insurance in Las Vegas makes comparing rates easy, and it is important to have as many quotes as possible if you want to get the best possible rates on insurance.
To find out if lower rates are available, consider comparing rates from the companies shown below. If you have a policy now, it’s recommended you replicate the limits and deductibles as close as possible to your current policy. This makes sure you will be getting a rate comparison for similar insurance coverage.
The companies shown below offer quotes in Nevada. If you wish to find cheap auto insurance in Nevada, it’s a good idea that you click on several of them to get the best price comparison.
Auto insurance protects more than just your car
Despite the high insurance cost for a Cadillac ATS in Las Vegas, insurance may be required and benefits you in several ways.
First, almost all states have mandatory insurance requirements which means state laws require a specific minimum amount of liability coverage in order to get the vehicle licensed. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you bought your ATS with a loan, almost every bank will make it mandatory that you have full coverage to guarantee loan repayment. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Cadillac at a much higher premium rate and require you to reimburse them the higher price.
Third, auto insurance protects your car and your assets. Insurance will pay for many types of medical costs for not only you but also any passengers injured in an accident. Liability insurance also covers all legal expenses up to the policy limit in the event you are sued. If you have damage to your Cadillac as the result of the weather or an accident, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of having auto insurance more than cancel out the cost, particularly for liability claims. The average driver in America is currently overpaying as much as $810 a year so you should quote your policy with other companies each time the policy renews to make sure the price is not too high.
Components of Your Cadillac ATS Insurance Prices
One of the most helpful ways to save on car insurance is to to have a grasp of the factors that aid in calculating your premiums. If you know what determines base rates, this enables informed choices that could result in big savings. Multiple criteria are considered when premium rates are determined. Some are obvious such as your driving record, although some other factors are not quite as obvious like your continuous coverage or how safe your car is.
The factors shown below are a few of the “ingredients” used by companies to determine rates.
How much liability protection do you need? – Your car insurance policy’s liability coverage is the coverage that protects you if ever you are found to be at fault for an accident. It provides legal defense starting from day one. Liability is cheap compared to insuring for physical damage coverage, so do not cut corners here.
More performance means higher costs – The type of vehicle you need insurance for makes a big difference in your premium level. The lowest premiums will normally be found when insuring small economy passenger vehicles, but that’s not the only thing that factors into the final price.
Bundle policies with the same company – Most larger insurance companies give discounts to insureds who have multiple policies with them, otherwise known as a multi-policy discount. Even if you already get this discount, it’s always a smart idea to compare Cadillac ATS rates in Las Vegas to help guarantee you have the best rates.
When should you file policy claims? – Companies in Nevada provide discounts to people who do not file claims often. If you’re an insured who likes to file claims you can definitely plan on higher rates. Auto insurance is designed for claims that you cannot pay yourself.
Prevent theft and save – Purchasing a vehicle with an alarm system can save you some money. Systems that thwart thieves like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent your car from being stolen.
A car insurance lapse can increase car insurance rates – Having a gap between insurance policy dates can be a fast way to increase your rates. Not only will you pay more, not being able to provide proof of insurance could result in a fine, jail time, or a revoked license. You may then have to file a SR-22 with the Nevada motor vehicle department to get your license reinstated.
Insurance losses for a Cadillac ATS – Insurers use claims history to calculate a rate that will offset any claims. Vehicles that tend to have increased claim numbers or amounts will have higher premium rates.
The table below illustrates the historical loss data for Cadillac ATS vehicles. For each policy coverage, the loss probability for all vehicles combined as an average equals 100. Numbers below 100 suggest a positive loss record, while percentage values above 100 point to more claims or an increased likelihood of larger losses.
| Specific Cadillac Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Cadillac ATS 4dr 2WD | 121 | 97 | 103 | 107 | 96 | 90 |
| Cadillac ATS 4dr 4WD | 127 | 81 | 91 | 92 | 93 | 74 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
How to know if you need help
Always remember that when buying insurance from an agent or online for your vehicles, there isn’t really a cookie cutter policy. Coverage needs to be tailored to your specific needs.
These are some specific questions may help you determine if your situation may require specific advice.
- Is my Cadillac ATS covered for flood damage?
- Are my friends covered when driving my car?
- Can I pay claims out-of-pocket if I buy high deductibles?
- Am I covered if I crash into my own garage door?
- What can I do if my company won’t pay a claim?
- Does coverage extend to my business vehicle?
- When should I remove comp and collision on my Cadillac ATS?
If you can’t answer these questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. If you don’t have a local agent, fill out this quick form.
A conclusion for your insurance search
We just presented many tips how you can shop for Cadillac ATS insurance online. The key concept to understand is the more price quotes you have, the higher the chance of saving money. You may even find the most savings is with an unexpected company.
While you’re price shopping online, it’s very important that you do not buy less coverage just to save a little money. In too many instances, an insured dropped full coverage to discover at claim time that the few dollars in savings costed them thousands. Your focus should be to find the BEST coverage at the best cost but still have enough coverage for asset protection.
Consumers change insurance companies for a number of reasons such as high prices, policy cancellation, extreme rates for teen drivers and an unsatisfactory settlement offer. It doesn’t matter what your reason, finding a great new company is not as hard as you think.
Helpful resources
- Senior Drivers (Insurance Information Institute)
- Who Has Cheap Auto Insurance for 19 Year Olds in Las Vegas? (FAQ)
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Vehicle Size and Weight FAQ (iihs.org)
- Distracted Driving Statistics (Insurance Information Institute)
- Choosing an Insurance Company (Insurance Information Institute)