More than a sedan, the Cadillac CTS was introduced in 2002 as the perfect merger between the heart of a sports car and the needs of a full size sedan. With 556 horsepower under the hood, the CTS is known for its raw power, excellent responsiveness and sharp styling. The high quality and superior craftsmanship can be seen throughout this sedan and its price tag will run between $35,000 and $54,000. The CTS is enjoyable to drive. Protect your investment by choosing the right insurance for your Cadillac. Here’s what you can expect when you call around for quotes.
When you choose luxury car you can expect to pay a little more for the insurance. The average insurance rates for a CTS will run between $1500 annually to $2400 annually depending on where you live and the coverage you select. If you have a poor driving record you can expect that number to be even higher. Here are some of the reasons why insurance companies will charge a little more to cover your CTS.
All-wheel drive (AWD) is great when you’re driving in rain and snow, but it costs more to repair after an accident. The insurance company will take this into account when determining what the premiums will be. Expect to pay a little more towards the insurance premiums because of this. This can be frustrating for drivers who know the added safety of an AWD vehicle -- it seems logical that AWD's safety would result in fewer accidents.
You buy a Cadillac for the luxury it offers. That luxury comes with a price tag at the dealer and it also comes with a price tag should there be an accident. Sapele wood trim looks great, but comes with a high price tag should it be cracked in an accident. The high quality materials that Cadillac uses throughout its vehicles cost more to replace, and the insurance premiums will reflect that.
The new Cadillac CTS is loaded with fantastic electronics. The front seats are power, the steering wheel is heated, keyless start is available and rear view mirrors are electrochromatic. The vehicle is loaded with extra electronics that will automatically adjust the lighting and can even swivel the headlamps. These extra electronics are part of what makes the CTS so luxurious and enjoyable to drive. But these same electronics will drive up repair bills should there be an accident. Expect to pay a little more towards the insurance premiums to keep your car safe.
There are some features on the CTS that help to offset the insurance pricing. Driver and passenger airbags are lifesaving devices that can net you a discount with the insurance company. Be sure that the insurance is also aware of the 4 wheel anti-lock brakes, the hands-free calling feature, rear parking assist and StabiliTrak electronic stability control system that all work to keep the driver and passengers safe.
The CTS is not real high on the list of most stolen cars, but any car is at risk for theft. The more luxurious it is the more likely criminals are to gravitate to it. The CTS has an included theft-deterrent system. If your insurance is not already taking this into account with the pricing, let them know about it and see if you can negotiate a discount for it.
State minimum coverage levels in many states are less than $25,000 for property damage. In some states, the minimum level is only $15,000. This is a problem if you are hit by a driver carrying state minimums and your brand new CTS is totaled. Their insurance will only pay up to the level carried by their customer, and your insurance will not pay anything. Protect your investment in a CTS by carrying coverage for uninsured and underinsured drivers. The coverage will drive up your monthly premiums slightly, but it is well worth the peace of mind to know that your insurance will cover you in these situations.
You can lower your insurance bill by choosing to carry a higher deductible. Opt for a $1000 deductible and your monthly payment will drop. It’s tempting to save on premiums by choosing less coverage, but this is never recommended. Lowering your coverage levels may leave you exposed to personal lawsuits should you be sued. Protect yourself and protect your CTS by choosing a solid insurance company and getting the right coverage levels.