Best Jersey City Cadillac SRX Insurance

It’s an obvious conclusion that insurance companies don’t want you to look at other companies. Insureds who shop for lower rates will most likely buy a different policy because they have a good chance of finding lower rate quotes. Surprisingly, a recent survey revealed that drivers who compared rates annually saved on average $860 a year as compared to drivers who never compared rates.

If finding the cheapest rates on auto insurance in Jersey City is your target objective, then understanding how to compare insurance can make it easier to shop your coverage around.

Discount Cadillac SRX insuranceThe best way to find affordable quotes for Cadillac SRX insurance is to annually compare prices from insurance carriers that insure vehicles in Jersey City.

  1. Learn about how auto insurance works and the modifications you can make to drop your rates. Many risk factors that drive up the price such as accidents, traffic violations, and a less-than-favorable credit history can be amended by making minor driving habit or lifestyle changes. Read the full article for more information to lower rates and earn a bigger discount.
  2. Request rate estimates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give rate quotes from one company like Progressive or State Farm, while independent agencies can give you price quotes for a wide range of insurance providers.
  3. Compare the new rate quotes to the premium of your current policy to see if a cheaper rate is available. If you can save some money and decide to switch, make sure there is no lapse in coverage.

One key aspect of rate comparisons is to try to use the same coverage limits and deductibles on each price quote and and to get prices from as many different insurance providers as possible. Doing this ensures a level playing field and a thorough price selection.

Cheap companies for Cadillac SRX insurance

The companies shown below are our best choices to provide comparison quotes in Jersey City, NJ. If your goal is to find cheaper auto insurance in Jersey City, NJ, we recommend you visit several of them to get the best price comparison.

Rate information and statistics

The table displayed below highlights estimates of insurance costs for Cadillac SRX models. Having a good grasp of how car insurance premiums are established can assist in making smart choices when comparing insurance rates.

Cadillac SRX Insurance Rates in Jersey City, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $452 $862 $490 $30 $146 $1,980 $165
SRX Luxury 2WD $452 $992 $490 $30 $146 $2,110 $176
SRX Luxury AWD $452 $992 $490 $30 $146 $2,110 $176
SRX Performance 2WD $504 $992 $490 $30 $146 $2,162 $180
SRX Performance AWD $504 $992 $490 $30 $146 $2,162 $180
SRX Premium 2WD $504 $992 $490 $30 $146 $2,162 $180
SRX Premium AWD $504 $992 $490 $30 $146 $2,162 $180
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Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Price estimates do not factor in specific location which can raise or lower price quotes greatly.

Deductible analysis

One common question asked by Jersey City drivers is which deductibles should you choose. The data tables below help summarize how much more you’ll pay between low and high physical damage deductibles. The first data set uses a $100 deductible for physical damage and the second price grid uses a $1,000 deductible.

Cadillac SRX insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $466 $880 $480 $28 $144 $2,023 $169
SRX Luxury 2WD $466 $1014 $480 $28 $144 $2,157 $180
SRX Luxury AWD $466 $1014 $480 $28 $144 $2,157 $180
SRX Performance 2WD $520 $1014 $480 $28 $144 $2,211 $184
SRX Performance AWD $520 $1014 $480 $28 $144 $2,211 $184
SRX Premium 2WD $520 $1014 $480 $28 $144 $2,211 $184
SRX Premium AWD $520 $1014 $480 $28 $144 $2,211 $184
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Cadillac SRX insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
SRX 2WD $258 $464 $480 $28 $144 $1,374 $115
SRX Luxury 2WD $258 $534 $480 $28 $144 $1,444 $120
SRX Luxury AWD $258 $534 $480 $28 $144 $1,444 $120
SRX Performance 2WD $288 $534 $480 $28 $144 $1,474 $123
SRX Performance AWD $288 $534 $480 $28 $144 $1,474 $123
SRX Premium 2WD $288 $534 $480 $28 $144 $1,474 $123
SRX Premium AWD $288 $534 $480 $28 $144 $1,474 $123
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Prices do not factor in specific zip code location which can change coverage rates substantially.

Using the data above, we can ascertain that using a $100 deductible could cost the average driver approximately $60 more each month or $720 a year across all Cadillac SRX models than quoting the higher $1,000 deductible. Since you would pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at least 15 months between claims, you would most likely save money if you choose a higher deductible.

The example below demonstrates how choosing different deductibles and can influence Cadillac SRX insurance rates for each age group. The information is based on a single female driver, comp and collision included, and no discounts are applied to the premium.

Full coverage or liability only

The chart below compares Cadillac SRX auto insurance costs with full coverage compared to only the New Jersey minimum liability coverage. The price estimates are based on a clean driving record, no claims, $500 deductibles, drivers are not married, and no policy discounts are applied.

When to stop buying full coverage

There is no set rule to stop paying for full coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your Cadillac SRX replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company would pay you is $4,000 after you pay the deductible. If you are paying over $400 annually for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are some situations where eliminating full coverage is not recommended. If you haven’t paid off your loan, you have to carry full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should keep full coverage in place.

Learn How to Quote Car Insurance for Less

Many different elements are part of the calculation when premium rates are determined. Some are obvious like a motor vehicle report, although others are more transparent like where you live or your vehicle rating.

Males tend to take more risk – Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. This data doesn’t prove that females are better drivers. Females and males get in auto accidents in similar percentages, but men tend to have higher claims. Men also tend to get more serious tickets such as reckless driving. Teenage male drivers tend to get in the most accidents and therefore pay the highest rates.

The diagram below illustrates the comparison of Cadillac SRX car insurance rates for male and female drivers. The premium estimates are based on no claims or driving violations, full coverage, $1,000 deductibles, single marital status, and no other discounts are factored in.

Married people drive safer – Being married may earn you lower rates compared to being single. Marriage generally demonstrates drivers are more mature and it’s statistically proven that drivers who are married are more cautious.

Low mileage costs less – The higher the mileage driven in a year’s time the higher the price you pay to insure it. A lot of insurance companies price each vehicle’s coverage determined by how the vehicle is used. Vehicles that are left in the garage cost less to insure than those used for commuting. Having the wrong rating on your SRX may be wasting your money. Double check that your car insurance policy is showing the correct usage, because improper ratings can cost you money.

Protect yourself with liability insurance – A critical coverage on your policy, liability insurance will afford coverage in the event that you are found liable for an accident. It will provide you with a defense in court to defend your case. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should make sure they buy enough to cover all assets.

Your address can impact costs – Choosing to live in less populated areas has definite advantages when trying to find low car insurance rates. Less people corresponds to lower accident rates and a lower car theft rate. Urban drivers have to deal with more auto accidents and higher rates of accident claims. More time commuting means a statistically higher chance of an accident.

Good drivers pay lower premiums – Attentive drivers receive lower rates than bad drivers. Getting just one speeding ticket can boost insurance rates by as much as twenty percent. Drivers who have multiple tickets like reckless driving or DUI may face state-mandated requirements to complete a SR-22 to the state department of motor vehicles in order to legally drive a vehicle.

The illustration below shows how speeding tickets and at-fault accidents drive up Cadillac SRX yearly insurance costs for different age groups of insureds. The rate quotes are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.

Safer the car lower the rate – Cars with high safety ratings tend to be cheaper to insure. Vehicles built for safety result in less severe injuries and fewer serious injuries translates into fewer and smaller insurance claims which can result in lower premiums. If your Cadillac is rated at a minimum four stars on you may be receiving a better rate.

Claims statistics for a Cadillac SRX – Car insurance companies study historical loss data to help determine costs. Vehicles that are shown to have higher loss trends will be charged more to insure.

The table shown below demonstrates the actual insurance loss data for Cadillac SRX vehicles. For each insurance policy coverage type, the claim probability for all vehicles averaged together is set at 100. Numbers shown that are under 100 are indicative of better than average losses, while values over 100 point to more losses or tendency to have larger claims.

Cadillac SRX Insurance Loss Statistics
Make and 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

Statistics from for 2013-2015 Model Years

Don’t overlook these Cadillac SRX insurance discounts

Some insurers don’t always publicize all possible discounts in a way that’s easy to find, so the list below details both the well known as well as the least known discounts that you may qualify for.Discount auto insurance

While discounts sound great, it’s important to understand that most discounts do not apply to the whole policy. A few only apply to specific coverage prices like physical damage coverage or medical payments. Despite the fact that it seems like all the discounts add up to a free policy, insurance companies wouldn’t stay in business. Any amount of discount should help reduce your premiums.

The example below compares Cadillac SRX premium costs with and without some available policy discounts. Data assumes a male driver, no claims or driving violations, New Jersey state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, marriage, multi-policy, homeowner, and multi-car discounts applied.

Large auto insurance companies and some of the premium reductions they offer can be found below.

If you are trying to find affordable Cadillac SRX insurance quotes, ask every insurance company how you can save money. Some discounts listed above might not be offered on policies in Jersey City. To see a list of insurers who offer online Cadillac SRX insurance quotes in Jersey City, follow this link.

Auto insurance agents can help

Many drivers just prefer to talk to a local agent and often times that is recommended A nice benefit of price shopping on the web is that drivers can save money and get cheap rate quotes but still work with a licensed agent.

Insurance agents in Jersey CityOnce you complete this simple form, your coverage information is sent to participating agents in Jersey City who want to provide quotes for your insurance coverage. There is no reason to find an agent because prices are sent to you. You can find better rates and a licensed agent to work with. If you wish to quote rates from a specific insurance provider, feel free to find their quoting web page and submit a quote form there.

Picking a company should depend on more than just a cheap price quote. Get answers to these questions too.

If you are searching for local Jersey City agents, it’s helpful to know the different agency structures to choose from. Agents can either be exclusive or independent agents depending on their company appointments.

Exclusive Insurance Agencies

Exclusive agencies write business for a single company and some examples include Farmers Insurance, Allstate, or State Farm. Exclusive agents are unable to shop your coverage around so they are skilled at selling on more than just price. These agents are usually quite knowledgeable on their products and sales techniques which helps them sell insurance even at higher premiums. Some consumers prefer to buy from the same agent for years mostly because of loyalty to the company rather than low price.

Below are exclusive insurance agencies in Jersey City willing to provide comparison quotes.

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Independent Agencies or Brokers

These agents are not restricted to one company and that enables them to quote your coverage with a variety of different insurance companies and potentially find a lower price. If your premiums go up, they can switch companies in-house and the insured can keep the same agent.

If you are comparing rate quotes, you absolutely need to get several quotes from multiple independent agents to get the best comparison. Many can place coverage with smaller regional carriers which may provide better rates.

Listed below are Jersey City independent agencies who can help you get rate quotes.

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How to find a good Jersey City car insurance company

Selecting the best auto insurance company can be rather challenging considering how many companies there are to choose from in Jersey City. The rank data in the next section can help you decide which car insurance companies you want to consider purchasing a policy from.

Top 10 Jersey City Car Insurance Companies Ranked by Claims Service

  1. Progressive
  2. USAA
  3. Liberty Mutual
  4. GEICO
  5. State Farm
  6. Nationwide
  7. Allstate
  8. 21st Century
  9. The Hartford
  10. Farmers Insurance

Which policy gives me the best coverage?

When quoting and choosing your policy for your personal vehicles, there really is no best way to insure your cars. You are unique.Insurance savings

For instance, these questions might point out whether you would benefit from an agent’s advice.

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form.

Smart consumers save more

Budget-friendly auto insurance in Jersey City can be found on the web and with local Jersey City insurance agents, so get free Jersey City car insurance quotes from both of them so you have a total pricing picture. Some companies do not provide internet price quotes and these regional carriers only sell through independent insurance agents.

As you shop your coverage around, it’s not a good idea to buy less coverage just to save a little money. There have been many cases where drivers have reduced comprehensive coverage or liability limits only to find out they didn’t have enough coverage. Your goal should be to get the best coverage possible for the lowest cost and still be able to protect your assets.

We covered some good ideas how you can find cheaper Cadillac SRX insurance in Jersey City. The key thing to remember is the more quotes you get, the higher the chance of saving money. You may even be surprised to find that the lowest car insurance rates come from a lesser-known regional company.

Even more information is available in the articles below: