Sad but true, nearly 70% of drivers kept buying from the same company for at least the last four years, and nearly 40% of drivers have never quoted car insurance rates at all. Consumers in Boston could save roughly $590 every year, but they won’t spend time to compare other rate quotes.
The most effective way to get cheaper Cadillac SRX insurance is to start comparing prices yearly from companies in Boston. You can shop around by following these steps.
First, learn about the different coverages in a policy and the measures you can take to keep rates low. Many risk factors that are responsible for high rates like your driving record and an imperfect credit history can be controlled by paying attention to minor details. Keep reading for the details to prevent high rates and find available discounts that you may qualify for.
Second, get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO and Allstate, while agents who are independent can provide rate quotes from multiple insurance companies.
Third, compare the new rates to your current policy and determine if cheaper SRX coverage is available. If you can save money and change companies, make sure there is no coverage gap between policies.
One bit of advice is to use the same liability limits and deductibles on every quote and to quote with as many carriers as you can. Doing this guarantees a fair price comparison and the best rate selection.
Cheapest companies for Cadillac SRX insurance
The companies shown below have been selected to offer free rate quotes in Boston, MA. If you wish to find cheap auto insurance in MA, we recommend you compare several of them in order to find the cheapest rates.
Car insurance statistics for a Cadillac SRX
The premium table shown next outlines different coverage costs for Cadillac SRX models. Being able to understand how rates are formulated can help guide drivers when making decisions on the best policy to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|SRX Luxury 2WD||$182||$396||$314||$18||$94||$1,004||$84|
|SRX Luxury AWD||$182||$396||$314||$18||$94||$1,004||$84|
|SRX Performance 2WD||$204||$396||$314||$18||$94||$1,026||$86|
|SRX Performance AWD||$204||$396||$314||$18||$94||$1,026||$86|
|SRX Premium 2WD||$204||$396||$314||$18||$94||$1,026||$86|
|SRX Premium AWD||$204||$396||$314||$18||$94||$1,026||$86|
|Get Your Own Custom Quote Go|
Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Price information does not factor in zip code location which can impact coverage prices greatly.
Cadillac SRX liability-only versus full coverage
The information below shows the comparison of Cadillac SRX insurance prices when comparing full coverage to liability only. The premium estimates are based on no violations or claims, $250 deductibles, single marital status, and no discounts are applied.
When to drop full coverage
There isn’t a written rule of when to stop paying for full coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.
For example, let’s say your Cadillac SRX replacement cost is $3,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $2,000 after paying your policy deductible. If premium cost is more than $200 annually for physical damage coverage, then you might consider buying liability only.
There are some cases where only buying liability is not a good idea. If you haven’t satisfied your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not remove full coverage.
Car insurance rates and discounts
Insurance can be prohibitively expensive, but there are discounts available to help bring down the price. Some discounts will apply when you complete an application, but occasionally some discounts must be manually applied before being credited.
- Waiver for an Accident – Not really a discount, but companies like State Farm and GEICO will turn a blind eye to one accident without the usual rate increase with the catch being you have to be claim-free for a set time period.
- Low Mileage Discounts – Low mileage vehicles could be rewarded with substantially lower car insurance rates.
- Accident Free – Insureds with no claims or accidents pay much less as compared to frequent claim filers.
- Defensive Driver Discounts – Taking time to complete a class that teaches defensive driver techniques could save 5% or more and make you a better driver.
- Multiple Cars – Purchasing coverage when you have multiple cars with the same company qualifies for this discount.
- Discounts for Cautious Drivers – Insureds who avoid accidents can save up to 40% or more on their Boston auto insurance quote than their less cautious counterparts.
- Student Discount for Driver Training – Teen drivers should successfully take a driver’s education course in school or through a local driver safety program.
- Federal Employees – Having worked for a branch of the government can save as much as 8% depending on your car insurance provider.
You should keep in mind that most discount credits are not given to all coverage premiums. Most cut the price of certain insurance coverages like comprehensive or collision. If you do the math and it seems like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.
The information below illustrates the difference between Cadillac SRX annual premium costs with and without discounts applied. The rates are based on a male driver, no claims or violations, Massachusetts state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, safe-driver, claim-free, multi-policy, and homeowner discounts applied.
Large car insurance companies and their possible discounts are shown below.
- GEICO may include discounts for anti-theft, good student, seat belt use, driver training, and federal employee.
- Travelers has savings for payment discounts, save driver, multi-policy, driver training, multi-car, hybrid/electric vehicle, and student away at school.
- Nationwide discounts include multi-policy, defensive driving, family plan, easy pay, anti-theft, Farm Bureau membership, and business or organization.
- Farmers Insurance may have discounts that include business and professional, distant student, teen driver, early shopping, and switch companies.
- Esurance includes discounts for anti-lock brakes, safety device, multi-car, defensive driver, and Pac-12 alumni.
- State Farm offers discounts including Drive Safe & Save, multiple autos, safe vehicle, good driver, Steer Clear safe driver discount, defensive driving training, and passive restraint.
- Progressive offers discounts for continuous coverage, online quote discount, online signing, good student, and multi-policy.
- Mercury Insurance policyholders can earn discounts including location of vehicle, multi-policy, good student, good driver, annual mileage, professional/association, and type of vehicle.
When getting a coverage quote, ask every insurance company which credits you are entitled to. A few discounts may not apply to policyholders in Boston. To choose insurance companies with the best Cadillac SRX insurance discounts in Massachusetts, click here.
Smart Consumers Can Cut Their Insurance Rates
Multiple criteria are used when you get your auto insurance bill. Some are pretty understandable such as your driving record, but some are more transparent such as your marital status and annual miles driven.
Insurance is expensive for teenage drivers – More mature drivers are shown to be more cautious, are lower risk to insure, and get fewer tickets. Young drivers are statistically proven to be less responsible when behind the wheel and because of this, their car insurance rates are much higher.
The data below uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.
Male prices may be higher – Over the last 30 years, statistics show that females tend to be a little less risky than males. It does not mean females are better drivers. Females and males get in at-fault accidents at about the same rate, but the males tend to have higher claims. Not only that, but men also receive more major tickets like DUI and reckless driving. Youthful male drivers have the highest risk to insure so it costs more to insure them.
The chart below illustrates the difference between Cadillac SRX premium costs for male and female drivers. The rate quotes are based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $1,000 deductibles, single marital status, and no discounts are applied.
Poor driving leads to higher premiums – Getting just one speeding ticket or other violation may cause rates to rise by twenty percent. Drivers with clean records get better rates compared to bad drivers. People who have severe tickets such as reckless driving, hit and run or driving under the influence may face state-mandated requirements to prove financial responsibility with their state’s department of motor vehicles in order to prevent their license from being revoked.
The diagram below illustrates how traffic citations and at-fault collisions can increase Cadillac SRX car insurance rates for each age group. Data assumes a married male driver, full coverage, $500 deductibles, and no discounts are applied to the premium.
Do you really need the extra coverages? – Insurance policies have a lot of extra coverages that sound like a good idea at the time on your SRX policy. Insurance for things like replacement cost coverage, towing, and term life insurance may be wasting your money. These coverages may sound good when you first buy your policy, but your money might be better spent on other coverage so think about removing them and cutting costs.
Cadillac SRX claim statistics – Insurance companies analyze historical claim data to help calculate premium rates. Vehicles that historically have higher losses will have increased rates. The table below illustrates the historical loss data for Cadillac SRX vehicles.
For each coverage type, the claim amount for all vehicles, regardless of make, model or trim level, is considered to be 100. Numbers below 100 suggest a better than average loss history, while values that are above 100 point to more losses or statistically larger losses.
|Vehicle 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 IIHS.org for 2013-2015 Model Years
When to contact an insurance agent
A lot of people would rather have an agent’s advice and that is OK! A good thing about comparing insurance prices online is you may find cheap car insurance quotes but still work with a licensed agent. And providing support for local agencies is important particularly in Boston.
For easy comparison, once you complete this quick form, the quote information is sent to agents in your area who can give free rate quotes for your insurance coverage. There is no need to search for an agent since rate quotes are delivered straight to your inbox. You can find the lowest rates AND a local agent. If you have a need to get a rate quote from a specific insurance company, you just need to search and find their rate quote page and complete a quote there.
When looking for a reputable agency, you must know there are a couple different types of agents to choose from. Car insurance agencies can be categorized as either independent or exclusive depending on the company they work for.
Agents in the independent channel are not employed by any specific company and that gives them the ability to insure with any number of different companies and get you the best rates possible. If your agent finds better pricing, the agent simply finds a different carrier which is easy for the insured. If you are comparing car insurance prices, you will definitely want to get some free quotes from a couple of independent agencies to get the best comparison.
Below is a short list of independent insurance agents in Boston who may provide comparison quotes.
452 Bennington St – Boston, MA 02128 – (617) 567-1100 – View Map
Sbhu Life Insurance Agency: Weinstein Keith
28 State St # 25 – Boston, MA 02109 – (617) 570-9519 – View Map
Agents in the exclusive channel can only quote rates from one company such as AAA, State Farm, Farmers Insurance, and Allstate. They generally cannot provide other company’s prices so if the price isn’t competitive there isn’t much they can do. Exclusive agents receive extensive training on their products and sales techniques which helps them compete with independent agents.
Shown below are exclusive agencies in Boston who can help you get price quotes.
Finding the right insurance agent needs to be determined by more than just a cheap quote. These are some valid questions you should ask.
- Is their price quote a firm figure or are their hidden costs?
- Will the company cover a rental car if your car is getting fixed?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- Is the agent CPCU or CIC certified?
- Do they have any clout with companies to ensure a fair claim settlement?
Best auto insurance in Boston
Choosing the best car insurance company is hard considering how many different companies sell coverage in Boston. The company information in the next section can help you choose which car insurance providers you want to consider putting your business with.
Top 10 Boston Car Insurance Companies Overall
- The General
- Mercury Insurance
- Titan Insurance
- The Hartford
- State Farm
- Farmers Insurance
- Safeco Insurance
A little work can save a LOT of money
While you’re price shopping online, make sure you don’t buy less coverage just to save a little money. In many cases, drivers have reduced full coverage and learned later that the small savings ended up costing them much more. The proper strategy is to purchase a proper amount of coverage at the best possible price.
Throughout this article, we presented quite a bit of information on how to reduce Cadillac SRX insurance rates online in Boston. The key concept to understand is the more price quotes you have, the better likelihood of getting inexpensive Boston auto insurance quotes. Drivers may even discover the lowest priced insurance comes from a small mutual company. They may cover specific market segments cheaper than the large multi-state companies such as GEICO and State Farm.
Lower-priced insurance in Boston is attainable online and from local agencies, and you should be comparing both so you have a total pricing picture. There are still a few companies who may not provide rates over the internet and usually these small insurance companies only sell through independent agents.
For more information, feel free to visit the resources below:
- Booster Seat Ratings (iihs.org)
- How Much are Auto Insurance Rates for a Toyota Corolla in Boston? (FAQ)
- Who Has Cheap Boston Car Insurance Quotes for Teenagers? (FAQ)
- How Much are Auto Insurance Quotes for a Chevrolet Traverse in Boston? (FAQ)
- How Much is Auto Insurance for Good Students in Boston? (FAQ)
- What Insurance is Cheapest for Safe Drivers in Boston? (FAQ)
- Who Has Cheap Boston Auto Insurance for Lyft Drivers? (FAQ)
- Understanding Your Insurance Deductible (Insurance Information Institute)
- Teen Driving and Texting (State Farm)