Insuring a Cadillac

As America's leading manufacturer of luxury automobiles, Cadillac has a shining reputation. Throughout most of its history, the brand has been favored by well-to-do senior citizens. That has been changing recently, however, with the automaker's introduction of SUVs and more family-friendly offerings. Although these vehicles don't come cheaply, they aren't the most expense vehicles to insure. The average annual cost for insurance is $1,605.96, which puts it 25th on a list of 36 vehicles. Learn more about the factors that affect insurance premiums below.

Model Statistics

CTS

What type of Coverage do Cts Owners Choose?

$890

Average Annual Cost to Insure

DeVille

What type of Coverage do Deville Owners Choose?

$628

Average Annual Cost to Insure

Escalade

What type of Coverage do Escalade Owners Choose?

$1,436

Average Annual Cost to Insure

STS

What type of Coverage do Sts Owners Choose?

$748

Average Annual Cost to Insure

SRX

What type of Coverage do Srx Owners Choose?

$613

Average Annual Cost to Insure

DTS

What type of Coverage do Dts Owners Choose?

$714

Average Annual Cost to Insure

Eldorado

What type of Coverage do Eldorado Owners Choose?

$960

Average Annual Cost to Insure

Catera

What type of Coverage do Catera Owners Choose?

$588

Average Annual Cost to Insure

Seville

What type of Coverage do Seville Owners Choose?

$6,200

Average Annual Cost to Insure

SLS

What type of Coverage do Sls Owners Choose?

N/A

Average Annual Cost to Insure

Fleetwood

What type of Coverage do Fleetwood Owners Choose?

N/A

Average Annual Cost to Insure

DHS

What type of Coverage do Dhs Owners Choose?

N/A

Average Annual Cost to Insure

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Brief History

The company was founded in 1902 by Henry Martyn Leland. He named his new company after the Frenchman who discovered the city of Detroit. The automaker hit the ground running in terms of innovation. The Osceola, one of its first models, was the first closed-body car in the United States. The automaker also made a name for itself by using standardized parts, which would become the norm in the auto industry later. Additional innovations included the use of V8 engines, dashboard-controlled headlights, crankshaft venting, and thermostatic cooling system controls. The company never rested on its laurels, but the brand became better known for producing luxury automobiles than for its innovative features.

MSRP has the Greatest Impact on Insurance Rates

There's no question that the value of a car dramatically affects the cost of insuring it. That fact is abundantly clear when it comes to these vehicles. A quick look at the starting MSRPs for some of today's most popular models reveals that they don't come cheaply. The CTS, for example has a starting MSRP of $35,915. The Escalade, which is considered to be one of the brand's finest vehicles, has a starting MSRP of $63,170. With a starting MSRP of $35,485, the SRX is still beyond the means of many average Americans. These vehicles have somewhat hefty price tags, but they are also jam-packed with exceptional features.

Theft Rates don't Affect the Cost to Insure Most Models

Theft rates also come into play when insurance companies calculate premiums. A quick perusal of data from the National Insurance Crime Bureau reveals that these cars aren't popularly targeted by thieves. Not a single Cadillac car shows up on the top-ten theft lists of any of the fifty states. Similarly, statistics from the National Highway Traffic Safety Administration, or NHTSA, show that these cars don't get stolen very often. This fact certainly mitigates the overall cost of insuring the typical model, but it doesn't put a huge dent in the total amount due to the high value of these cars.

Solid Safety Ratings Keep Cadillac Insurance Costs Reasonable

Another thing that lessens the impact that these cars' high price tags have on insurance premiums is safety. Cadillac vehicles generally have solid safety ratings from organizations like the Insurance Institute for Highway Safety and the NHTSA. The SRX, for example, received across-the-board ratings of "Good" from the IIHS, which is its highest rating. It also received all perfect marks in government crash tests. The CTS fared just as well, with all five-star ratings from the government and all "Good" ratings from the IIHS. Safety ratings for the Escalade are not available.

To get a feel for how the price of a Cadillac affects the price to insure it, consider these insurance averages:

• CTS 6-Cylinder - $1,490.00
• Escalade 8-Cylinder - $1,940.00
• SRX 6-Cylinder - $1,415.00