Compare Cadillac SRX Insurance Rates in Baltimore

It takes a few minutes, but the best way to get affordable Cadillac SRX insurance is to annually compare prices from companies in Baltimore. You can compare rates by following these steps.

1. Try to learn a little about auto insurance and the modifications you can make to prevent rate increases. Many policy risk factors that increase rates such as traffic violations, accidents, and a bad credit rating can be remedied by paying attention to minor details. Read the full article for more ideas to find cheap prices and find missing discounts.
2. Get rate quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only quote rates from a single company like Progressive or State Farm, while independent agents can quote rates from many different companies.
3. Compare the new rate quotes to your existing policy and see if there is a cheaper rate in Baltimore. If you find a lower rate quote and make a switch, make sure there is no lapse in coverage.
4. Tell your current company of your intent to cancel your current car insurance policy. Submit any necessary down payment along with the completed application to the newly selected company. As soon as you receive it, put the proof of insurance paperwork in your vehicle’s glove compartment or console.

An important note is to use similar coverage information on every price quote and and to get price quotes from all possible companies. This helps ensure an accurate price comparison and a good representation of prices.

It’s safe to conclude that insurance companies don’t want their customers to go rate shopping. People who compare rates at least once a year will most likely switch auto insurance companies because of the good chance of finding lower rate quotes. Surprisingly, a recent survey revealed that people who compared prices once a year saved as much as $3,400 over four years as compared to drivers who never shopped around for lower prices.

If finding low prices for Cadillac SRX insurance in Baltimore is your goal, then having some knowledge of how to choose a company and compare insurance coverage can make the process less intimidating.

When comparison shopping, comparing more quotes helps you find more affordable rates.

The companies in the list below provide comparison quotes in Baltimore, MD. To locate cheap auto insurance in Baltimore, MD, we recommend you visit as many as you can in order to find the most competitive rates.

Rates and detailed analysis

The rate information shown below highlights different policy rates for Cadillac SRX models. Having a good grasp of how insurance prices are determined is important for making informed decisions when comparing rate quotes.

Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Price information does not factor in specific location which can change insurance rates substantially.

Deductible analysis

When comparing auto insurance rates, the most common question is at what level do you set your deductibles. The following tables show the rate difference when you buy lower versus higher coverage deductibles. The first data set uses a $100 physical damage deductible and the second set of rates uses a $1,000 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Prices do not factor in garaging location in Baltimore which can alter premium rates noticeably.

We can derive from the above data that using a $100 deductible could cost the average driver approximately $51 more each month or $612 a year averaged for all SRX models than choosing the higher $1,000 deductible. Because you would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you usually have at least 18 months between claim filings, you would save more money if you decide on a higher deductible.

The chart below illustrates how choosing a deductible and can increase or decrease Cadillac SRX insurance prices for each different age group. The prices are based on a married female driver, full physical damage coverage, and no discounts are taken into consideration.

Illustration showing the impact of accidents and violations

The illustration below highlights how speeding tickets and fender-benders increase Cadillac SRX insurance costs for different categories of driver ages. The price estimates are based on a married male driver, full coverage, $1,000 deductibles, and no discounts are factored in.

Cost of full coverage in Baltimore

The example below compares Cadillac SRX auto insurance rates with full physical damage coverage compared to only buying liability only. The information is based on no tickets, no at-fault accidents, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.

Should you be buying full coverage?

There is no clear-cut formula of when to eliminate comp and collision coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% 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 cost is $3,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $2,000 after paying your policy deductible. If it’s costing in excess of $200 annually for full coverage, then it might be time to consider dropping full coverage.

There are a few situations where dropping physical damage coverage is not a good idea. If you still have a lienholder on your title, you have to keep full coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should keep full coverage.

Three main reasons to buy insurance

Despite the high cost of buying insurance for a Cadillac SRX in Baltimore, paying for insurance is a good idea for several reasons.

• Most states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability insurance coverage in order to get the vehicle licensed. In Maryland these limits are 30/60/15 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
• If you have a lien on your Cadillac, almost every bank will stipulate that you have insurance to guarantee their interest in the vehicle. If you let the policy lapse, the bank may buy a policy for your Cadillac at a much higher rate and require you to fork over for it.
• Insurance protects both your car and your assets. It will also pay for medical transport and hospital expenses incurred in an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if you are sued as the result of an accident. If mother nature or an accident damages your car, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.

The benefits of buying insurance are without a doubt worth the cost, especially with large liability claims. According to a survey of 1,000 drivers, the average driver is overpaying over $820 a year so compare rates at every renewal to help ensure money is not being wasted.

Discounts can help lower premiums on Cadillac SRX insurance in Baltimore

Insurance can be prohibitively expensive, but you might find some hidden discounts that many people don’t even know exist. Some of these discounts will be visible when you get a quote, but once in a while a discount must be asked about prior to getting the savings.

• Accident Forgiveness – This one is not really a discount per se, but companies like Allstate, Progressive, and GEICO will forgive one accident without getting socked with a rate hike with the catch being you have to be claim-free prior to being involved in the accident.
• Distant Student Discount – College-age children who live away from home to go to college without a vehicle on campus could qualify for this discount.
• Pay Early and Save – If you pay your entire premium ahead of time rather than paying monthly you can avoid monthly service charges.
• Low Mileage Discounts – Driving less could earn lower rates due to less chance of an accident.
• Multiple Cars – Purchasing coverage when you have multiple vehicles on a single policy can reduce the rates for all insured vehicles.
• Claim-Free Discount – Claim-free drivers have much lower rates in comparison with policyholders that have many claims.
• Student Driver Training – Cut your cost by having your teen driver successfully complete driver’s ed class in school or through a local driver safety program.
• Anti-lock Brakes – Cars, trucks, and SUVs with anti-lock braking systems have fewer accidents so you can save 10 percent or more.
• 55 and Retired – Seniors may receive a discount up to 10%.

Don’t be shocked that some credits don’t apply to all coverage premiums. Most only reduce the price of certain insurance coverages like comp or med pay. So even though it sounds like you would end up receiving a 100% discount, it’s just not the way it works.

The chart below shows the difference between Cadillac SRX annual premium costs with and without discounts applied to the rates. The price estimates are based on a female driver, no claims or driving violations, Maryland state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, homeowner, safe-driver, marriage, and multi-policy discounts applied.

Large auto insurance companies and a summarized list of policyholder discounts are included below.

• State Farm offers discounts for Steer Clear safe driver discount, Drive Safe & Save, passive restraint, multiple autos, anti-theft, and driver’s education.
• Esurance may offer discounts for Switch & Save, anti-lock brakes, homeowner, Pac-12 alumni, paid-in-full, online quote, and multi-policy.
• Progressive offers discounts including multi-policy, continuous coverage, multi-vehicle, online quote discount, online signing, and good student.
• Liberty Mutual has savings for new move discount, preferred payment discount, new vehicle discount, hybrid vehicle, good student, and multi-car.
• Auto-Owners Insurance discounts include mature driver, good student, group or association, anti-lock brakes, company car, and student away at school.
• GEICO includes discounts for multi-vehicle, five-year accident-free, emergency military deployment, defensive driver, air bags, driver training, and membership and employees.

If you want affordable Cadillac SRX insurance quotes, ask all the companies which discounts you qualify for. A few discounts might not apply everywhere. To see companies that can offer you the previously mentioned discounts in Baltimore, click here.

Auto insurance can get complicated

When quoting and comparing coverage online or from an agent, there isn’t really a “perfect” insurance plan. Every insured’s situation is different.

Here are some questions about coverages that might point out whether or not you might need an agent’s assistance.

• How much liability coverage do I need in Maryland?
• Is my camper covered by my car insurance policy?
• Is my Cadillac SRX covered for smoke damage?
• Am I covered when renting a car or should I buy coverage from the car rental agency?
• Can I pay claims out-of-pocket if I buy high deductibles?
• When should I have rental car coverage?
• What does medical payments coverage do?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to a licensed agent. If you don’t have a local agent, complete this form.

Buying car insurance from Baltimore insurance agencies

Some consumers still prefer to buy from a licensed agent and that can be a great decision One of the benefits of comparing rates online is you may find cheap car insurance quotes and still have an agent to talk to.

To find an agent, once you fill out this quick form, your insurance data is emailed to agents in your area that give free quotes for your car insurance coverage. You don’t have to even leave your home due to the fact that quote results will go instantly to you. You can find lower rates without requiring a lot of work. If you wish to get a rate quote from a particular provider, you just need to visit that company’s website and fill out the quote form the provide.

Deciding on an provider is decision based upon more than just the quoted price. Below are some questions you should ask.

• Does the agent recommend any additional coverage?
• If your car is totaled, how to they determine the replacement cost?
• Has the agent ever had any license suspensions?
• If your car is in the repair shop, do you have coverage for a rental car?
• What company holds the largest book of business for them?

When narrowing the list to find a good insurance agency, you must know there are a couple different types of agents and how they differ in how they can insure your vehicles. Insurance agencies in Baltimore can be described as either independent or exclusive.

Exclusive Car Insurance Agents

These agents normally can only provide a single company’s rates and some examples include AAA, Allstate, State Farm, or Farmers Insurance. These agents are unable to place coverage with different providers so they really need to provide good service. Exclusive agents are well schooled on their products and sales techniques which helps them sell insurance even at higher premiums.

Listed below are Baltimore exclusive agencies that can give you price quote information.

More insurance agents

Independent Agents (or Brokers)

These agents are not restricted to one company and that allows them to write policies with a variety of different insurance companies and find the cheapest car insurance rates. To move your coverage to a new company, an independent agent can move your coverage without you having to go to a different agency. If you are trying to find cheaper rates, we highly recommend that you get quotes from at a minimum one independent agency to ensure the widest selection of prices.

Listed below are Baltimore independent agencies who can help you get comparison quotes.

More insurance agents

Car insurance coverages explained

Having a good grasp of a car insurance policy aids in choosing appropriate coverage for your vehicles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Protection from uninsured/underinsured drivers

This coverage provides protection when the “other guys” either have no liability insurance or not enough. Covered claims include hospital bills for your injuries as well as damage to your Cadillac SRX.

Because many people only carry the minimum required liability limits (30/60/15), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Liability coverages

This provides protection from damage or injury you incur to people or other property. This insurance protects YOU against claims from other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 30/60/15 that means you have a limit of $30,000 per injured person, a limit of $60,000 in injury protection per accident, and $15,000 of coverage for damaged property.

Liability coverage pays for things like structural damage, bail bonds, pain and suffering, repair costs for stationary objects and legal defense fees. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as high a limit as you can afford. Maryland state law requires minimum liability limits of 30/60/15 but you should think about purchasing more liability than the minimum.

The chart below shows why buying minimum limits may not be enough coverage.

Comprehensive (Other than Collision)

Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like damage from a tornado or hurricane, a tree branch falling on your vehicle, vandalism, damage from getting keyed and hitting a bird. The maximum payout your car insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Collision insurance

Collision insurance will pay to fix damage to your SRX from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like hitting a parking meter, colliding with another moving vehicle, driving through your garage door and rolling your car. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Drivers also have the option to raise the deductible on your SRX in order to get cheaper collision rates.

Medical expense insurance

Med pay and PIP coverage provide coverage for expenses for ambulance fees, pain medications, hospital visits, dental work and rehabilitation expenses. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Don’t give up on cheaper coverage

Consumers who switch companies do it for many reasons like high rates after DUI convictions, extreme rates for teen drivers, policy non-renewal and unfair underwriting practices. Whatever your reason, finding the right insurance provider is not as difficult as it may seem.

We covered quite a bit of information on how to reduce Cadillac SRX insurance prices online in Baltimore. The key thing to remember is the more price quotes you have, the better chance you’ll have of finding cheaper Baltimore car insurance quotes. You may even find the biggest savings come from the smaller companies.

As you quote Baltimore car insurance, it’s not a good idea to buy poor coverage just to save money. Too many times, someone sacrificed uninsured motorist or liability limits only to regret they didn’t have enough coverage. Your goal is to buy the best coverage you can find at the lowest possible cost while not skimping on critical coverages.

Much more information about insurance in Maryland is available at these links:

• What to do at the Scene of an Accident (Insurance Information Institute)
• Who Has Cheap Auto Insurance for Uninsured Drivers in Baltimore? (FAQ)
• How Much are Baltimore Auto Insurance Rates for a Jeep Grand Cherokee? (FAQ)
• Who Has Affordable Baltimore Car Insurance Rates for Business Use? (FAQ)
• Teen Driver Statistics (Insurance Information Institute)
• All About Airbag Safety (State Farm)