Cheap Cadillac ELR Car Insurance in 2024 (Find Savings With These 10 Companies!)
Cheap Cadillac ELR car insurance is best offered by Erie, State Farm, and Progressive, with monthly rates starting at $100. These companies provide competitive rates due to their strong financial stability, diverse coverage options, and discounts, ensuring affordable insurance without compromising on quality.
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Brandon Frady
Licensed Insurance Agent
Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...
Licensed Insurance Agent
UPDATED: Oct 22, 2024
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Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Oct 22, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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The top picks overall for cheap Cadillac ELR car insurance are Erie, State Farm, and Progressive, offering competitive rates by factoring in the vehicle’s luxury status, safety features, and driver demographics.
This comprehensive guide explores how the Cadillac ELR’s higher repair costs, advanced safety features, and electric vehicle considerations impact insurance premiums.
| Company | Rank | Monthly Rates | Multi-Policy Discount | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | $28 | 10% | Low Mileage | Hanover |
 | #2 | $30 | 10% | Good Drivers | Safeco |
 | #3 | $32 | 10% | Comprehensive | Erie |
 | #4 | $33 | 10% | Families Choice | Plymouth Rock Assurance |
 | #5 | $34 | 12% | Young Drivers | Direct Auto |
 | #6 | $35 | 12% | Budget Seekers | Mercury |
 | #7 | $36 | 10% | Reliable Service | Allstate |
 | #8 | $38 | 15% | Full Coverage | Dairyland |
 | #9 | $39 | 10% | Safe Drivers | Farm Bureau |
 | #10 | $40 | 10% | Rural Drivers | Texas Farm Bureau |
Learn how personal factors like driving record, location, and credit history influence rates, and discover strategies to reduce your premiums. By comparing quotes from multiple providers and considering unique coverage options, you can secure the best insurance for your Cadillac ELR while saving money. Enter your ZIP code to begin.
- Erie offers cheap Cadillac ELR car inscurance starting at $100/month
- Tailored coverage options and discounts ensure affordable premiums
- Protect your luxury ride with top-quality insurance from Erie
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#1 – Erie: Top Overall Pick
Pros
- Personalized Policies: Erie offers customized coverage options to meet individual needs. Read more through our Erie insurance reviews.
- Competitive Rates: With monthly rates as low as $57, Erie provides affordable insurance solutions.
- Strong Financial Rating: A+ rating from A.M. Best indicates financial stability and reliability.
Cons
- Limited Availability: Erie’s services may not be available in all regions.
- Limited Discounts: While offering competitive rates, Erie may have fewer discount options compared to other providers.
#2 – State Farm: Best for Financial Strength
Pros
- Financial Strength: State Farm boasts an A++ rating from A.M. Best, ensuring reliability.
- Wide Range of Products: Offers various insurance products, providing comprehensive coverage options. Follow us more through our State Farm insurance reviews.
- Nationwide Availability: State Farm operates in most regions, providing accessibility to customers.
Cons
- Higher Rates: Despite its strong financial standing, State Farm’s monthly rates start at $61, slightly higher than competitors.
- Limited Online Options: Some customers may find the online interface less user-friendly compared to other insurers.
#3 – Progressive: Best for Vanishing Deductible
Pros
- Vanishing Deductible: Progressive rewards safe driving with decreasing deductibles over time.
- User-Friendly Online Tools: Progressive’s website and app offer convenient access to policy management and claims filing.
- Range of Discounts: Progressive offers various discount programs, potentially lowering insurance costs.
Cons
- Moderate Rates: While competitive, Progressive’s monthly rates start at $65, slightly higher than some competitors. Visit us more through our Progressive insurance reviews.
- Customer Service Concerns: Some customers report dissatisfaction with Progressive’s customer service responsiveness.
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#4 – AAA: Best for Usage-Based Discount
Pros
- Usage-Based Discount: AAA offers discounts based on driving behavior, potentially reducing premiums.
- Extensive Network: AAA provides access to a wide range of services beyond insurance, including roadside assistance and travel discounts.
- Established Reputation: AAA has a long-standing reputation for reliability and customer service excellence.
Cons
- Membership Required: Access to AAA’s insurance products typically requires membership, which may involve additional fees.
- Limited Availability: AAA’s insurance services may be restricted to certain regions, limiting accessibility for some customers. Connect us more through our AAA insurance reviews.
#5 – American Family: Best for Specialized Coverage
Pros
- Specialized Coverage: American Family offers customizable coverage options tailored to individual needs. Read more through our American Family insurance reviews.
- Customer Service: American Family is known for its attentive customer service and personalized assistance.
- Bundling Discounts: Customers can potentially save by bundling home and auto insurance policies with American Family.
Cons
- Limited Availability: American Family’s insurance services may not be available nationwide, restricting options for some customers.
- Higher Rates: Monthly rates starting at $77 may be slightly higher compared to competitors offering similar coverage.
#6 – Farmers: Best for Roadside Assistance
Pros
- Roadside Assistance: Farmers includes roadside assistance as part of its auto insurance policies, providing peace of mind on the road.
- Range of Coverage Options: Farmers offers a variety of coverage options, allowing customers to tailor their policies to their needs. Follow us more through our Farmers insurance reviews.
- Claims Handling: Farmers is known for its efficient claims processing and responsive customer service.
Cons
- Higher Rates: Starting at $80 per month, Farmers’ premiums may be slightly higher compared to some competitors.
- Limited Discounts: While Farmers offers various discounts, the selection may be narrower compared to other insurers.
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#7 – Travelers: Best for Diminishing Deductible
Pros
- Diminishing Deductible: Travelers offers a diminishing deductible feature, rewarding safe driving behavior.
- Strong Financial Rating: With an A++ rating from A.M. Best, Travelers demonstrates financial stability.
- Customizable Policies: Travelers provides customizable coverage options to meet individual needs.
Cons
- Moderate Rates: While competitive, starting at $89 per month, Travelers’ premiums may be slightly higher compared to some competitors.
- Limited Availability: Travelers’ insurance services may not be available in all regions, limiting accessibility for some customers. Visit us more through our Travelers insurance reviews.
#8 – Nationwide: Best for 24/7 Support
Pros
- 24/7 Support: Nationwide offers round-the-clock customer support for policyholders’ convenience.
- Range of Products: Nationwide provides various insurance products beyond auto, allowing customers to bundle policies for potential savings.
- Strong Financial Rating: With an A+ rating from A.M. Best, Nationwide ensures financial stability and reliability.
Cons
- Higher Rates: Starting at $95 per month, Nationwide’s premiums may be slightly higher compared to some competitors. Connect us more through our Nationwide insurance reviews.
- Limited Discounts: While Nationwide offers discounts, the selection may be narrower compared to other insurers.
#9 – Allstate: Best for Loyalty Rewards
Pros
- Loyalty Rewards: Allstate offers rewards and discounts for loyal customers, potentially lowering premiums over time.
- Enhanced Coverage Options: Allstate provides additional coverage options like roadside assistance and rental reimbursement. Visit us more through our Allstate insurance reviews.
- Nationwide Availability: Allstate operates in most regions, providing accessibility to customers across the country.
Cons
- Higher Rates: Starting at $101 per month, Allstate’s premiums may be slightly higher compared to some competitors.
- Mixed Customer Reviews: Some customers report dissatisfaction with Allstate’s claims handling and customer service.
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#10 – Liberty Mutual: Best for Competitive Rates
Pros
- Competitive Rates: Liberty Mutual offers competitive monthly rates starting at $110.
- Range of Coverage Options: Liberty Mutual provides various coverage options to suit different needs and budgets.
- Nationwide Availability: Liberty Mutual operates across the country, ensuring accessibility for customers.
Cons
- Higher Premiums: Starting at $110 per month, Liberty Mutual’s rates may be slightly higher compared to some competitors. Connect us more through our Liberty Mutual insurance reviews.
- Mixed Customer Reviews: Some customers report dissatisfaction with Liberty Mutual’s claims handling process and customer service.
Factors That Influence Cadillac ELR Car Insurance Rates
Understanding the Insurance Coverage Options for A Cadillac ELR
Before discussing the cost of insuring a Cadillac ELR, it’s essential to understand the available coverage options: liability, collision, comprehensive, uninsured/underinsured motorist coverage, and personal injury protection (PIP).
Liability insurance, typically mandatory, covers damages and injuries you cause to others, while collision insurance covers your vehicle’s damages from collisions, and comprehensive insurance covers non-collision incidents like theft or natural disasters. Enter your ZIP code now to start.
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Average Cost of Insurance for A Cadillac ELR
Now that we’ve discussed the factors influencing insurance rates and available coverage options, let’s explore the average cost of insuring a Cadillac ELR. While rates vary depending on individual circumstances and chosen insurance providers, the average monthly cost is 57$.
This estimate considers the vehicle’s value, driving record, and location. Additionally, factors such as the driver’s age, coverage level, and vehicle modifications can also affect insurance costs, with young drivers or those with traffic violations typically facing higher premiums. Enter your ZIP code now to start.
Tips to Lower Your Cadillac ELR Car Insurance Premiums
To reduce the cost of insuring your Cadillac ELR, several strategies can be effective. Maintaining a clean driving record is crucial, as safe driving habits and avoiding accidents can demonstrate low risk to insurers, potentially lowering premiums.
Raising your deductibles is another way to reduce premiums, though it’s important to have savings to cover the higher out-of-pocket costs if needed. Additionally, bundling your Cadillac ELR insurance with other policies like homeowners or renters insurance can lead to discounts, as many insurers offer multi-policy incentives.
Understanding the Claims Process for A Cadillac ELR Car Insurance Policy: The Bottom Line
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Frequently Asked Questions
How much is the cheapest car insurance?
The cheapest car insurance for a Cadillac ELR starts at $57 per month with Erie.
What is the lowest car insurance group?
The lowest car insurance group typically includes cars that are small, inexpensive, and have low repair costs.
How much would insurance be for a Cadillac CTS?
Insurance for a Cadillac CTS can vary, but it generally falls between $1,500 and $2,500 annually, similar to the Cadillac ELR. Enter your ZIP code below.
Who has the cheapest car insurance in Texas?
Erie is known for offering some of the cheapest car insurance rates in Texas.
What is the most basic car insurance?
The most basic car insurance is liability insurance, which covers damages and injuries you may cause to others in an accident.
Which is the best insurance for car?
The best insurance for a car varies by individual needs, but Erie is highly recommended for its personalized policies and low rates. Enter your ZIP code below.
Which type of car is cheapest to insure?
Small, low-cost, and low-horsepower vehicles are typically the cheapest to insure.
Which category of car insurance is best?
Comprehensive car insurance is often considered the best as it covers a wide range of potential damages, including theft and natural disasters.
What is the lowest form of car insurance?
The lowest form of car insurance is liability insurance, which only covers damages to others in an accident. Enter your ZIP code below.
Who is known for cheapest car insurance?
Erie is known for offering the cheapest car insurance for Cadillac ELR owners.
What type of car insurance is cheapest?
Liability insurance is typically the cheapest form of car insurance.
What is the cheapest minimum liability car insurance?
The cheapest minimum liability car insurance varies by provider, but Erie often offers competitive rates. Enter your ZIP code below.
What is the lowest level of car insurance?
The lowest level of car insurance is liability insurance.
What are the 4 recommended types of insurance?
The four recommended types of insurance are liability, collision, comprehensive, and uninsured/underinsured motorist coverage.
What’s the cheapest car to insure for a first car?
Economical and low-horsepower cars are generally the cheapest to insure for a first car. Enter your ZIP code below.
What is the best insurance for luxury cars?
For luxury cars like the Cadillac ELR, Erie is recommended for its comprehensive coverage options and personalized policies.
Which car insurance cover is best?
Comprehensive car insurance is often considered the best cover due to its extensive protection.
Which insurance is best for a car after 5 years?
Comprehensive insurance is usually best for cars after 5 years, as it covers a wide range of potential issues. Enter your ZIP code below.
What sedan has the cheapest insurance?
Sedans that are low-cost, have lower repair expenses, and come with strong safety features generally have the cheapest insurance.
Which car type is cheapest?
Economical and low-horsepower cars are typically the cheapest to insure.
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Brandon Frady
Licensed Insurance Agent
Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
