Insurance rates Cadillac SRX in Las VegasAre you overwhelmed by the crazy number of auto insurance sources that you can choose from? Many other drivers are too. People have so many sources available that it can really be a real difficult job to find better rates for Cadillac SRX insurance in Las Vegas. Lots of people think Las Vegas is a great city to raise a family in, but finding the money to pay for auto insurance can make it hard to afford enough coverage.

Unthinkable but true, most consumers kept their policy with the same company for more than four years, and just under half have never even compared rates from other companies. Nevada insurance shoppers could cut their rates by about 35% a year, but most just don't grasp the amount of savings they would get if they switched.

You need to compare rates quite often due to the fact that insurance prices are usually higher with each renewal. Despite the fact that you may have had the best deal on Cadillac SRX insurance in Las Vegas two years ago you can probably find a better rate now. Forget all the misinformation about auto insurance because we're going to demonstrate how to use online quotes to buy cheaper Cadillac SRX insurance in Las Vegas.

Buying the cheapest auto insurance in Las Vegas is not that difficult. Basically, anyone who compares rates for auto insurance most likely will find a lower-cost company. Although Nevada car owners can benefit by having an understanding of the way companies calculate their prices because rates are impacted by many factors.

To get cheaper Las Vegas auto insurance quotes, there a variety of ways to compare quotes from all the different companies. The easiest way by far to find affordable Cadillac SRX insurance rates is to perform an online rate comparison.

When quoting car insurance, remember that comparing more prices increases your odds of finding a lower rate than you're paying now. Not every company provides online price quotes, so it's important to also get prices from them as well.

The companies shown below provide comparison quotes in Las Vegas, NV. If several companies are displayed, it's a good idea that you visit as many as you can to get the best price comparison.

Cadillac SRX Insurance Rates in Las Vegas, NV
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $272 $520 $318 $18 $96 $1,224 $102
SRX Luxury 2WD $190 $342 $404 $24 $120 $1,080 $90
SRX Luxury AWD $128 $284 $290 $18 $86 $806 $67
SRX Performance 2WD $210 $452 $348 $20 $104 $1,134 $95
SRX Performance AWD $210 $430 $348 $20 $104 $1,112 $93
SRX Premium 2WD $294 $626 $372 $22 $112 $1,426 $119
SRX Premium AWD $326 $748 $372 $22 $112 $1,580 $132
Get Your Own Custom Quote Go

Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Information does not factor in your specific Las Vegas location which can modify premiums greatly.

Cadillac SRX insurance rates by gender

The diagram below shows the difference between Cadillac SRX insurance costs for male and female drivers. The costs are based on no claims or driving citations, comp and collision included, $500 deductibles, drivers are single, and no discounts are factored in.

Price comparison of only insuring for liability

The chart below illustrates the difference between Cadillac SRX auto insurance costs when comparing full coverage to state minimum liability only. The premium estimates are based on a clean driving record, no at-fault accidents, $250 deductibles, married female driver, and no additional discounts are factored in.

When to stop paying for full coverage

There is no exact formula to eliminate full coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

For example, let's assume your Cadillac SRX replacement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $2,000 after paying your deductible. If you are currently paying more than $200 annually for your policy with full coverage, then you may need to consider dropping full coverage.

There are a few cases where dropping full coverage is not advised. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.

Deductible analysis

One common question asked by Las Vegas drivers is the level to set your comp and collision deductibles. The following insurance rates may aid in understanding the rate difference when you select higher and lower deductibles. The first set of rates uses a $100 deductible for physical damage and the second price chart uses a $500 deductible.

Cadillac SRX insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $300 $564 $308 $18 $92 $1,307 $109
SRX Luxury 2WD $300 $650 $308 $18 $92 $1,393 $116
SRX Luxury AWD $300 $650 $308 $18 $92 $1,393 $116
SRX Performance 2WD $334 $650 $308 $18 $92 $1,427 $119
SRX Performance AWD $334 $650 $308 $18 $92 $1,427 $119
SRX Premium 2WD $334 $650 $308 $18 $92 $1,427 $119
SRX Premium AWD $334 $650 $308 $18 $92 $1,427 $119
Get Your Own Custom Quote Go
Cadillac SRX insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $218 $382 $308 $18 $92 $1,018 $85
SRX Luxury 2WD $218 $438 $308 $18 $92 $1,074 $90
SRX Luxury AWD $218 $438 $308 $18 $92 $1,074 $90
SRX Performance 2WD $244 $438 $308 $18 $92 $1,100 $92
SRX Performance AWD $244 $438 $308 $18 $92 $1,100 $92
SRX Premium 2WD $244 $438 $308 $18 $92 $1,100 $92
SRX Premium AWD $244 $438 $308 $18 $92 $1,100 $92
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Price estimates do not factor in zip code location which can influence coverage rates significantly.

Based on this data, using a $100 deductible costs roughly $27 more each month or $324 for a full year than opting for the higher $500 deductible. Since the policyholder would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you normally average more than 15 months between claim filings, you would most likely save money if you decide on a higher deductible.

How to determine when to raise deductibles

Average monthly premium for $100 deductibles: $117
Average monthly premium for $500 deductibles (subtract): - $90
Monthly savings from raising deductible: $27
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One important issue to know is that a higher deductible means you will have to pay more out-of-pocket when you do file a claim. That will necessitate enough money in the bank in the event you have to pay the deductible to have repairs made.

Save a ton by earning discounts

Auto insurance is not an enjoyable expense, but you may qualify for discounts that you may not know about. Certain reductions will be credited at the time of purchase, but lesser-known reductions have to be asked about before you will receive the discount.Discount auto insurance

Drivers should understand that most credits do not apply to the entire policy premium. Most only apply to the cost of specific coverages such as liability and collision coverage. Despite the appearance that it's possible to get free car insurance, it doesn't quite work that way. Any qualifying discounts will definitely reduce the cost of your policy.

Car insurance companies who may offer these benefits are:

If you need inexpensive Las Vegas auto insurance quotes, ask each insurance company which credits you are entitled to. Some discounts may not be available in your state.

You Can Change Your Insurance Rates

Many things are part of the equation when you get a price on insurance. Some are pretty understandable like an MVR report, but other criteria are not quite as obvious such as whether you are married or how financially stable you are. Smart consumers have a good feel for the factors that go into determining the price you pay for auto insurance. When you understand what controls the rates you pay, this allows you to make educated decisions that could help you find lower rates.

Pay more for higher performance vehicles - The performance level of the car you are buying insurance for makes a big difference in your auto insurance rates. The lowest base rates are generally reserved for lower performance four cylinder passenger models, but many other things help determine your insurance rates. Due to the fact that the Cadillac SRX falls in the luxury sedan class, insurance will be more than the average rate where you live in Las Vegas.

Older drivers pay less - Beginning drivers in Nevada are statistically proven to be easily distracted when driving with friends so auto insurance rates are higher. Adding a inexperienced driver to your auto insurance policy can be quite pricey. Older, more experienced drivers tend to be more responsible, tend to file fewer claims, and are safer drivers.

Poor credit rating equals high prices - Your credit score is likely to be a major factor in determining what you pay for auto insurance. If your credit history is not that good, you could potentially save money when insuring your Cadillac SRX by taking the time to improve your credit score. People with excellent credit tend to be more responsible than those with lower credit scores.

Marriage is a factor - Getting married may cut your premiums on your auto insurance policy. Having a significant other translates into being more mature and responsible and insurance companies reward insureds because married drivers get in fewer accidents.

Do you save by driving less? - The higher the miles on your Cadillac annually the higher your rates will be. The majority of insurers apply a rate based upon how the vehicle is primarily used. Autos that sit idle most of the time qualify for better rates compared to those used for work or business. Having the wrong rating on your SRX is just wasting money. Double check that your declarations sheet properly reflects the correct driver usage.

Cadillac SRX insurance claim data - Insurers take into consideration historical loss data for every vehicle as a way to help calculate a profitable premium rate. Vehicles that the data determines to have higher claim amounts or frequency will have higher rates. The information below illustrates the compiled insurance loss statistics for Cadillac SRX vehicles.

For each coverage category, the statistical loss for all vehicles, regardless of make, model or trim level, is considered to be 100. Values that are below 100 suggest losses that are better than average, while numbers shown that are more than 100 show a trend for more claims or a tendency for losses to be larger than average.

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

Compare prices but work with a local Las Vegas insurance agency

Many people would prefer to have an agent's advice and often times that is recommended The best thing about getting free rate quotes online is that you can obtain better rates and still buy from a local agent.

Las Vegas insurance agentsBy using this simple form, your information is sent to local insurance agents in Las Vegas who will return price quotes and help you find cheaper coverage. It simplifies rate comparisons since you won't have to search for any insurance agencies since rate quotes are delivered instantly to you. You'll get the best rates without the usual hassles of price shopping. If you wish to compare rates from a particular provider, you just need to navigate to their website and fill out their quote form.

Choosing the best insurance company should depend on more than just a low price. The answers to these questions are important, too.

When narrowing the list to find a reliable insurance agent, it's important to understand the different types of agents and how they function. Auto insurance agents in Las Vegas can either be independent (non-exclusive) or exclusive.

Exclusive Agents

Agents that elect to be exclusive can only place business with one company and some examples include Farmers Insurance or State Farm. They are unable to place coverage with different providers so keep that in mind. Exclusive agents receive a lot of sales training in insurance sales which helps them sell insurance even at higher premiums. Consumers frequently buy insurance from these agents mostly because of the brand name rather than having low rates.

The following are exclusive agents in Las Vegas who may provide you with price quotes.

View more Las Vegas agents

Independent Auto Insurance Agencies

Independent agencies are not locked into one company and that allows them to write policies through many companies and find you cheaper rates. If you want to switch companies, they simply move your policy to a different company which is easy for the insured.

When comparison shopping, we highly recommend that you get some free quotes from at least one independent agent in order to compare the most rates. Many independent agencies also insure through small regional insurance companies which may have better rates.

Listed below are Las Vegas independent agencies willing to provide price quotes.

View more Las Vegas agents

Different people need different insurance coverages

When selecting your policy, there isn't really a "perfect" insurance plan. Your needs are unique to you so your insurance should reflect thatSafe vehicles cost less to insure For example, these questions can help discover if your situation might need an agent's assistance.

If you don't know the answers to these questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.

Is there deception in advertising?

Well-known auto insurance companies like GEICO, State Farm and Progressive endlessly run ads on television and other media. All the ads seem to make the promise that you'll save big if you switch to them. But how can every company charge you a lower premium? It's all in how they say it.

Insurance companies have an ideal profile for the type of driver that earns them the highest profit. One example of a desirable risk may need to be between 30 and 50, is a homeowner, and drives less than 10,000 miles a year. A driver that meets those criteria receive the lowest rate quotes in Las Vegas and will also cut their Cadillac SRX insurance rates if they switch.

Consumers who fall short of this stringent profile will be quoted a higher premium and this results in the driver buying from a lower-cost company. The trick is to say "people that switch" not "everyone that quotes" save that kind of money. That is how insurance companies can make those claims. Because each company has a different risk profile, drivers should do a quote comparison often. Because you cannot predict with any certainty which company will have better rates than you're paying now.

Be persistent to save money

When trying to cut insurance costs, it's very important that you do not buy poor coverage just to save money. In many cases, someone dropped full coverage and discovered at claim time that the few dollars in savings costed them thousands. Your goal is to get the best coverage possible for the lowest cost, not the least amount of coverage.

We just presented some good ideas how you can save on Cadillac SRX insurance in Las Vegas. The most important thing to understand is the more times you quote, the higher your chance of finding low cost Las Vegas auto insurance quotes. Consumers could even find that the best price on insurance is with a company that doesn't do a lot of advertising. Smaller companies can often provide lower car insurance rates in certain areas compared to the large companies like GEICO and State Farm.

More detailed insurance information can be found by following these links: