Cadillac SRX Insurance Quotes in Honolulu

If your goal is the lowest price, then the best way to find low-cost prices for Cadillac SRX insurance is to compare quotes once a year from different companies who sell insurance in Honolulu.

1. Spend some time learning about how auto insurance works and the measures you can control to prevent rate increases. Many rating factors that result in higher prices such as traffic violations, accidents, and a negative credit score can be controlled by making lifestyle changes or driving safer.
2. Compare rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from one company like Progressive or State Farm, while independent agents can provide rate quotes for a wide range of insurance providers. Select a company
3. Compare the quotes to your current policy and determine if there is any savings. If you can save money and switch companies, verify that coverage does not lapse between policies.
4. Notify your current company to cancel your current auto insurance policy. Submit a completed application and payment to your new carrier. Immediately upon receiving it, store the proof of insurance paperwork somewhere easily accessible.

The key thing to know about shopping around is that you’ll want to make sure you compare identical coverage information on each price quote and and to get quotes from every company you can. Doing this guarantees a fair rate comparison and many rates to choose from.

A recent study showed that 70% of consumers kept their policy with the same company for well over three years, and nearly the majority have never shopped around. Hawaii drivers could save themselves up to $356 a year by just comparing rate quotes, but most undervalue how much money they would save if they switched to a more affordable policy.

Compare quotes for Honolulu Cadillac SRX insurance

Just remember that comparing more prices will improve the odds of getting a lower rate.

The following companies can provide free quotes in Hawaii. If multiple companies are listed, we recommend you compare several of them to find the cheapest auto insurance rates.

Lower rate quotes by taking advantage of discounts

The cost of insuring your cars can be expensive, but you might be missing out on some discounts that could drop your premiums quite a bit. Some of these discounts will be visible when you get a quote, but occasionally some discounts must be specifically requested before they will apply.

• Multiple Vehicles – Drivers who insure multiple vehicles on the same auto insurance policy could earn a price break for each car.
• Policy Bundle Discount – If you can bundle your homeowners and auto insurance with the same company you will save approximately 10% to 15%.
• Online Discount – A few larger online companies will discount your bill up to fifty bucks for completing your application on the web.
• Federal Government Employee – Active or former government employment can earn a discount up to 10% depending on your auto insurance provider.
• Air Bags and Passive Restraints – Cars that have air bags or automatic seat belts could see savings of 20% or more.
• Defensive Driver – Participating in a defensive driving course can save you 5% or more and easily pay for the cost of the class.

As is typical with insurance, most discounts do not apply to all coverage premiums. Most only reduce specific coverage prices like liability and collision coverage. So despite the fact that it appears you can get free auto insurance, it’s just not the way it works.

The chart below illustrates the difference between Cadillac SRX auto insurance rates with and without discounts applied to the rates. The premiums are based on a female driver, a clean driving record, no claims, Hawaii state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, marriage, multi-policy, claim-free, and safe-driver discounts applied.

If you would like to view insurers that provide some of the discounts listed above in Honolulu, click this link.

Cadillac SRX coverage statistics

The premium information shown below covers detailed analysis of policy rates for Cadillac SRX models. Being able to understand how rates are figured is important to be able to make decisions on which coverage to buy.

Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Table data does not factor in your specific Honolulu location which can modify auto insurance rates greatly.

Analysis of deductible levels

When buying insurance, a common question is how low should you set your deductibles. The comparisons below sum up the rate differences of buying low and high coverage deductibles. The first data table uses a $250 deductible for physical damage and the second price grid uses a $500 deductible.

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

Using the data above, we can ascertain that using a $250 deductible costs roughly $13 more each month or $156 every year than quoting the higher $500 deductible. Because you would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you usually have at least 19 months between claim filings, you would save money if you elect the higher deductible.

Why You Might Pay Lower Rates in Honolulu

Lots of things are taken into consideration when you get a price on insurance. Some factors are common sense such as your driving record, although some other factors are more obscure such as whether you are married or your commute time. An important part of buying insurance is that you know the factors that go into determining your auto insurance rates. If you know what determines base rates, this helps enable you to make changes that could help you find lower premium levels.

The factors shown below are a few of the “ingredients” utilized by car insurance companies to help set rates.

• How much liability – Liability coverage is the coverage that protects you if ever you are found liable for personal injury or accident damage. It provides you with a defense in court to defend your case. Liability insurance is pretty cheap when compared to the cost of physical damage coverage, so insureds should have plenty of protection for their assets.
• Policy add-ons may be wasting money – Policies have extra add-on coverages that you can get tricked into buying when buying auto insurance. Things like rental car coverage, better glass coverage, and extra life insurance coverage could be just wasting money. These coverages may sound good at first, but if you don’t need them get rid of them and save.
• Buy a safe car and pay less – Vehicles with good safety scores are cheaper to insure. The safest vehicles reduce injuries and fewer injuries translates into savings for insurance companies and more competitive rates for policyholders. If the Cadillac SRX scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may cost less to insure.
• Infrequent drivers can save – The more you drive each year the higher your rate. Many insurance companies apply a rate based on their usage. Cars and trucks that sit idle most of the time receive better premium rates as compared to vehicles used primarily for driving to work. Improper usage on your SRX is throwing money out the window. It’s always a good idea to double check that your auto insurance policy is rated on the correct driver usage, because it can save money.

• Battle of the sexes – Statistics show that females take fewer risks when driving. It does not mean males are worse at driving than females. Both genders cause accidents at a similar rate, but guys tend to have higher claims. Not only are claims higher, but men get ticketed for serious violations like DWI (DUI) or reckless driving. Young males are several times more likely to be in an accident and therefore pay the highest rates.

  The chart below compares Cadillac SRX premium costs for male and female drivers. The costs are based on a clean driving record, no at-fault accidents, full physical damage coverage, $500 deductibles, single status, and no discounts are applied to the premium.

• Does your vocation raise your rates? – Do you have a high-stress occupation? Careers such as real estate brokers, air traffic controllers, and dentists generally have higher rates than the rest of us because of intense work-related stress and incredibly demanding work hours. On the flip side, occupations such as farmers, students and performers have lower than average premiums.

• Performance impacts premiums – The performance of the car or truck you are buying insurance for makes a big difference in your auto insurance rates. Lower cost passenger cars normally have pretty low rates, but there are many factors that impact the final cost.

  The next chart uses these variables: married female driver age 20, full coverage with $500 deductibles, and no discounts or violations. It shows Cadillac SRX rates compared to other models of vehicles that have different performance risks.

• Cadillac SRX claim statistics – Companies use statistical claims data as a way to help calculate a profitable premium price. Models that historically have a trend towards higher claim severity or frequency will have increased rates. The table shown below demonstrates the historical loss data for Cadillac SRX vehicles.

  For each coverage category, the statistical loss for all vehicles averaged together is represented as 100. Percentage numbers below 100 mean the vehicle has better than average losses, while values that are above 100 show a trend for more claims or an increased likelihood of larger losses.

  
  

  Insurance Loss Ratings for Cadillac SRX Vehicles

  Vehicle 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

  BETTER

  AVERAGE

  WORSE

  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years