Cheapest Dallas Cadillac SRX Insurance

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Discount Cadillac SRX insuranceIt takes a little time, but the best way to find discount Cadillac SRX insurance is to do a yearly price comparison from providers in Dallas. You can compare rates by following these guidelines.

  • First, try to learn a little about how companies price auto insurance and the things you can change to prevent expensive coverage. Many risk factors that result in higher rates like traffic tickets, fender benders, and an unacceptable credit score can be controlled by paying attention to minor details. This article provides tips to help reduce prices and find discounts that may have been missed.
  • Second, compare price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive or Farmers Insurance, while independent agencies can give you price quotes for a wide range of insurance providers. Start a quote
  • Third, compare the new rate quotes to your current policy premium to see if switching to a new carrier will save money. If you can save some money and make a switch, ensure there is no coverage lapse between policies.
  • Fourth, provide written notification to your current company of your decision to cancel your current coverage and submit a down payment along with a completed application for the new policy. As soon as you have the new policy, store the certificate verifying coverage in your glove compartment.

The most important part of this process is to make sure you're comparing the same level of coverage on each quote request and and to look at all possible companies. This guarantees a fair rate comparison and many rates to choose from.

A recent survey discovered that most insurance customers kept their policy with the same company for over three years, and nearly 40% of drivers have never compared rates to find cheap insurance. Many consumers in Texas could save an average of about $1,770 each year by just shopping around, but they just don't understand how easy it is to compare rate quotes.

How to buy Dallas Cadillac SRX insurance online

The following companies provide quotes in Texas. If multiple companies are shown, we recommend you visit as many as you can in order to get a fair rate comparison.

Discounts can help to save on Cadillac SRX insurance in Dallas

Some insurance providers do not list their entire list of discounts in an easy-to-find place, so we took the time to find some of the best known in addition to some of the lesser obvious insurance savings.Save money with discounts

  • Defensive Driver Discount - Completing a driver safety course could save 5% or more and easily recoup the cost of the course.
  • College Student - Any of your kids who attend college more than 100 miles from Dallas and do not have access to a covered vehicle may qualify for this discount.
  • Anti-lock Brake Discount - Cars, trucks, and SUVs equipped with ABS or steering control have fewer accidents so you can save 10 percent or more.
  • Air Bag Discount - Vehicles with factory air bags or motorized seat belts may earn rate discounts of up to 25% or more.
  • Drive Less and Save - Low annual miles could qualify for discounted insurance rates on garaged vehicles.
  • Telematics Devices - Dallas drivers who agree to allow driving data submission to scrutinize when and where they use their vehicle remotely such as Snapshot from Progressive or Drivewise from Allstate may get a rate reduction as long as they are good drivers.
  • Seat Belt Usage - Using a seat belt and requiring all passengers to buckle their seat belts can save a little on the medical payments or PIP coverage costs.
  • Switch and Save Discount - Some insurance companies give discounts for switching policies before your current expiration date. This can save 10% or more.
  • Government Employees - Active or retired federal employment could provide a small rate reduction with select insurance companies.
  • Early Payment Discounts - If paying your policy premium upfront rather than spreading payments over time you can avoid monthly service charges.

Keep in mind that most credits do not apply to your bottom line cost. Most cut specific coverage prices like collision or personal injury protection. Despite the fact that it seems like all those discounts means the company will pay you, nobody gets a free ride. But any discount should help reduce the premium cost.

The example below compares Cadillac SRX car insurance rates with and without discounts. The data is based on a male driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, marriage, homeowner, multi-car, and safe-driver discounts applied.

A few popular companies and the discounts they provide are included below.

  • GEICO includes discounts for membership and employees, anti-lock brakes, five-year accident-free, multi-vehicle, military active duty, and good student.
  • MetLife offers premium reductions for accident-free, multi-policy, good driver, good student, claim-free, defensive driver
  • State Farm policyholders can earn discounts including student away at school, accident-free, passive restraint, multiple autos, and Drive Safe & Save.
  • Progressive may have discounts that include online quote discount, online signing, multi-policy, good student, multi-vehicle, continuous coverage, and homeowner.
  • Mercury Insurance may include discounts for type of vehicle, annual mileage, location of vehicle, age of vehicle, and accident-free.
  • 21st Century offers discounts for anti-lock brakes, defensive driver, student driver, early bird, 55 and older, air bags, and theft prevention.
  • Allstate may offer discounts for early signing, premier plus, multi-policy, premier discount, good student, senior citizen, and safe driver.

If you need lower rates, check with all companies you are considering which credits you are entitled to. Savings may not be offered everywhere. For a list of providers that offer multiple discounts in Texas, follow this link.

Cadillac SRX coverage analysis

The data table shown below covers estimates of policy rates for Cadillac SRX models. Knowing how insurance policy rates are formulated can be of help when making smart choices when selecting a policy.

Cadillac SRX Insurance Rates in Dallas, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $308 $472 $500 $30 $150 $1,460 $122
SRX Luxury 2WD $308 $542 $500 $30 $150 $1,530 $128
SRX Luxury AWD $308 $542 $500 $30 $150 $1,530 $128
SRX Performance 2WD $344 $542 $500 $30 $150 $1,566 $131
SRX Performance AWD $344 $542 $500 $30 $150 $1,566 $131
SRX Premium 2WD $344 $542 $500 $30 $150 $1,566 $131
SRX Premium AWD $344 $542 $500 $30 $150 $1,566 $131
Get Your Own Custom Quote Go

Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Rate quotes do not factor in specific Dallas garaging location which can decrease or increase premium rates greatly.

Higher deductibles save money

One of the hardest decisions when shopping for insurance is which comprehensive and collision deductibles to buy. The rates below approximate the cost difference between high and low insurance deductibles. The first rate quote example uses a $100 deductible and the second rate table uses a $1,000 deductible.

Cadillac SRX insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $370 $698 $382 $22 $114 $1,611 $134
SRX Luxury 2WD $370 $804 $382 $22 $114 $1,717 $143
SRX Luxury AWD $370 $804 $382 $22 $114 $1,717 $143
SRX Performance 2WD $412 $804 $382 $22 $114 $1,759 $147
SRX Performance AWD $412 $804 $382 $22 $114 $1,759 $147
SRX Premium 2WD $412 $804 $382 $22 $114 $1,759 $147
SRX Premium AWD $412 $804 $382 $22 $114 $1,759 $147
Get Your Own Custom Quote Go
Cadillac SRX insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $206 $368 $382 $22 $114 $1,092 $91
SRX Luxury 2WD $206 $424 $382 $22 $114 $1,148 $96
SRX Luxury AWD $206 $424 $382 $22 $114 $1,148 $96
SRX Performance 2WD $228 $424 $382 $22 $114 $1,170 $98
SRX Performance AWD $228 $424 $382 $22 $114 $1,170 $98
SRX Premium 2WD $228 $424 $382 $22 $114 $1,170 $98
SRX Premium AWD $228 $424 $382 $22 $114 $1,170 $98
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Premium amounts do not factor in specific location information which can raise or lower coverage rates greatly.

Based on this data, using a $100 deductible could cost the average driver approximately $48 more each month or $576 every year across all Cadillac SRX models than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you go more than 19 months between claim filings, you would most likely save money by going with a higher deductible.

Cadillac SRX full coverage rates compared to liability only

The illustration below shows the difference between Cadillac SRX insurance rates with full coverage and liability only. The data assumes no violations or accidents, $100 deductibles, single marital status, and no additional discounts are factored in.

Are you wasting money on full coverage?

There isn't a steadfast formula that is best for determining when to drop physical damage coverage, but there is a general guideline. If the yearly cost of comp and collision coverage is 10% or more of the vehicle's replacement cost less your deductible, then it's probably a good time to buy liability coverage only.

For example, let's assume your Cadillac SRX book value is $5,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $4,000 after paying your policy deductible. If you are paying more than $400 annually for full coverage, then you might consider buying liability only.

There are a few situations where eliminating full coverage is not a good plan. If you still have a lienholder on your title, you are required to maintain full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.