Cheapest Cadillac CTS Insurance in Laredo

If saving money is your primary concern, then the best way to find more affordable car insurance rates is to compare quotes annually from insurers in Laredo. Drivers can shop around by following these steps.

  1. Get an understanding of the coverage provided by your policy and the measures you can control to prevent expensive coverage. Many risk factors that result in higher rates like distracted driving and bad credit can be rectified by making small lifestyle or driving habit changes.
  2. Obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only quote rates from a single company like GEICO or Farmers Insurance, while agents who are independent can provide price quotes for many different companies.
  3. Compare the new rate quotes to your existing rates and see if there is a cheaper rate. If you find a lower rate, make sure coverage does not lapse between policies.
  4. Provide adequate notice to your current company of your decision to cancel your current policy. Submit a down payment along with a completed application for your new coverage. Don’t forget to keep your new certificate of insurance along with the vehicle’s registration papers.

An important part of this process is to use identical coverages on every price quote and and to compare as many companies as you can. Doing this enables the most accurate price comparison and maximum price selection.

Insurance quote for Cadillac CTS in LaredoIt’s a fact that insurance companies don’t want customers comparing rates. Consumers who shop around for cheaper price quotes will, in all likelihood, buy a different policy because there are good odds of finding a more affordable policy premium. A recent car insurance study discovered that people who routinely compared quotes saved on average $850 each year as compared to drivers who don’t make a habit of comparing rates.

If finding the most affordable insurance in Laredo is your objective, learning how to compare insurance rates can help simplify the process.

Our objective in writing this article is to let you in on the best methods to compare rates and some tips to save money. If you already have coverage, you stand a good chance to be able to lower your rates using the ideas covered in this article. Shoppers just need to know the most efficient way to compare company rates over the internet.

Coverage analysis

The data table displayed next highlights different coverage costs for Cadillac CTS models. Having knowledge of how insurance prices are figured can benefit drivers when making informed decisions when comparing rate quotes.


Cadillac CTS Insurance Rates in Laredo, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS AWD $232 $486 $430 $26 $128 $1,302 $109
CTS $232 $486 $430 $26 $128 $1,302 $109
CTS Luxury AWD $232 $560 $430 $26 $128 $1,376 $115
CTS Performance AWD $232 $560 $430 $26 $128 $1,376 $115
CTS Luxury $232 $560 $430 $26 $128 $1,376 $115
CTS Performance $232 $560 $430 $26 $128 $1,376 $115
CTS Sport $232 $560 $430 $26 $128 $1,376 $115
CTS Premium $258 $560 $430 $26 $128 $1,402 $117
CTS Premium AWD $258 $560 $430 $26 $128 $1,402 $117
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Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Rate information does not factor in vehicle location which can revise prices substantially.

How high should deductibles be?

A question often asked by Laredo drivers is how high should the deductibles for physical damage be. The rates below sum up how much more you’ll pay between high and low deductibles. The first rate quote example uses a $250 physical damage deductible and the second set of rates uses a $1,000 deductible.


Cadillac CTS insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS AWD $332 $584 $382 $22 $114 $1,459 $122
CTS $332 $584 $382 $22 $114 $1,459 $122
CTS Luxury AWD $332 $672 $382 $22 $114 $1,547 $129
CTS Performance AWD $332 $672 $382 $22 $114 $1,547 $129
CTS Luxury $332 $672 $382 $22 $114 $1,547 $129
CTS Performance $332 $672 $382 $22 $114 $1,547 $129
CTS Sport $332 $672 $382 $22 $114 $1,547 $129
CTS Premium $370 $672 $382 $22 $114 $1,585 $132
CTS Premium AWD $370 $672 $382 $22 $114 $1,585 $132
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Cadillac CTS insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
CTS AWD $206 $368 $382 $22 $114 $1,092 $91
CTS $206 $368 $382 $22 $114 $1,092 $91
CTS Luxury AWD $206 $424 $382 $22 $114 $1,148 $96
CTS Performance AWD $206 $424 $382 $22 $114 $1,148 $96
CTS Luxury $206 $424 $382 $22 $114 $1,148 $96
CTS Performance $206 $424 $382 $22 $114 $1,148 $96
CTS Sport $206 $424 $382 $22 $114 $1,148 $96
CTS Premium $228 $424 $382 $22 $114 $1,170 $98
CTS Premium AWD $228 $424 $382 $22 $114 $1,170 $98
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Rates do not factor in your specific Laredo location which can decrease or increase coverage rates significantly.

Based on these figures, using a $250 deductible will cost you about $33 more each month or $396 every year averaged for all CTS models than quoting the higher $1,000 deductible. Because you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you average more than 23 months between claims, you would save money by selecting a higher deductible.

How to calculate when to raise deductibles

Average monthly premium for $250 deductibles: $128
Average monthly premium for $1,000 deductibles (subtract): – $95
Monthly savings from raising deductible: $33
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $33
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

One thing to be aware of is that higher deductibles means you will have to pay more of your own money when you have a comprehensive or collision claim. That will require enough extra money in the event you have to pay more to get your vehicle repaired.

The illustration below shows how different deductible levels and can influence Cadillac CTS premium costs for each age group. The price estimates are based on a single male driver, comprehensive and collision coverage, and no discounts are applied.

Full coverage versus liability-only in Laredo

The chart below visualizes the comparison of Cadillac CTS yearly insurance costs with full coverage compared to only the Texas minimum liability coverage. The premiums assume no claims, a clean driving record, $100 deductibles, drivers are not married, and no discounts are taken into consideration.

When to drop comp and collision

There is no clear-cut rule of when to exclude full coverage on your policy, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let’s assume your Cadillac CTS replacement cost is $4,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $3,000 after the deductible is paid. If premiums are more than $300 a year for physical damage coverage, then it may be the right time to buy liability only.

There are some scenarios where eliminating full coverage is not recommended. If you haven’t paid off your loan, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not buy liability only.

Buy Cheap Auto Insurance with These Tips

A large part of saving on auto insurance is knowing the factors that help determine your premiums. If you have a feel for what positively or negatively impacts your premiums, this enables you to make decisions that could help you find lower auto insurance prices.

The following are a partial list of the pieces used by companies to determine premiums.

In Summary

Affordable Cadillac CTS insurance in Laredo can be sourced online as well as from independent agents in Laredo, and you should compare price quotes from both so you have a total pricing picture. Some insurance companies don’t offer rate quotes online and these small insurance companies only sell coverage through local independent agents.

Consumers change insurance companies for many reasons like an unsatisfactory settlement offer, denial of a claim, lack of trust in their agent or even not issuing a premium refund. Whatever your reason, finding a great new company can be easy and end up saving you some money.

When you buy Laredo auto insurance online, do not skimp on coverage in order to save money. Too many times, an accident victim reduced collision coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to purchase plenty of coverage at the best possible price, but don’t skip important coverages to save money.

Even more information is available at these sites: