Compare Cadillac XLR Car Insurance Rates [2024]
The average Cadillac XLR car insurance rates are $166/mo. Get cheap car insurance for a Cadillac XLR by purchasing one with anti-theft features or daytime running lights.
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Kalyn Johnson
Insurance Claims Support & Sr. Adjuster
Kalyn grew up in an insurance family with a grandfather, aunt, and uncle leading successful careers as insurance agents. She soon found she has similar interests and followed in their footsteps. After spending about ten years working in the insurance industry as both an appraiser dispatcher and a senior property claims adjuster, she decided to combine her years of insurance experience with another...
Insurance Claims Support & Sr. Adjuster
UPDATED: Feb 26, 2024
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Feb 26, 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 car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- The Cadillac XLR is no longer in production, so you can expect the insurance costs to decrease each year with the decreasing value of your older vehicle.
- The average Cadillac XLR car insurance rates are $166/mo
- The XLR is a sports car that pushes insurance costs higher.
- The type of vehicle impacts car insurance as well as many other factors including the driver’s past driving history.
Cadillac first introduced its XLR roadster in 2003. The car was intended to be Cadillac’s flagship sports car and featured a retractable convertible roof. The car enjoyed modest success until GM ceased production in 2009.
If you’re considering buying one of these cars used, you might be wondering how much car insurance costs for a Cadillac XLR. Be prepared that insurance for this car will be higher than average.
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On the bright side, while insurance for the Cadillac XLR tends to be higher, the total cost of ownership over a five-year period is below average.
This is due to gradually decreasing financing costs as well as very low maintenance and repair costs. This car is known to be reliable and easy on the pocket if routine maintenance is taken care of.
However, understand that the older the model, the more likely major repairs will be needed.
How does the Blue Book value affect my cost?
Because of the quality of Cadillac vehicles, they tend to depreciate at a slower rate than an economy car. This keeps the Kelly Blue Book value high, and replacement cost proportionally high as well.
While there are many other factors taken into consideration when figuring car insurance prices, the replacement cost of the Cadillac XLR places the annual premium at an average of $2,000.
Obviously, the replacement cost for a 2003 model will be less than that for 2009, which will be reflected in the annual premium.
Car insurance companies must factor in the replacement cost of a car whether that car is totaled in an accident or stolen. The Cadillac XLR does not break the top 10 list of most stolen cars in America, but because it’s a sports car with a retractable-roof, it is an attractive target.
In urban areas with high instances of car theft, a Cadillac XLR would be more prone to theft than, let’s say, a Mercury Villager. The higher likelihood of theft adds slightly to the car insurance cost.
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Is the car insurance cost for a Cadillac XLR affected by its safety record?
All insurance companies weigh safety ratings of cars when determining premiums, due to the fact they must consider the possibility of bodily injury claims after an accident.
As an example, larger passenger vans with a lot of windows pose a greater safety risk than similar models used for cargo. The passenger van carries a higher risk of bodily injury than the cargo van and will carry slightly higher insurance premiums.
In figuring car insurance cost for a Cadillac XLR, insurance companies factor in these facts:
- It is a sports car
- It is a roadster
- It is a convertible
- It is most likely to be driven by young to middle-aged males
With any car, they will look at the crash test ratings as conducted by the NHSTA — for all model years and the car’s sub-models. Where the XLR is concerned, crash safety data is no longer published by the NHSTA since it’s no longer in production.
However, the organization does list the safety features of the car which include:
- Anti-lock brakes
- Front-impact air bags
- Daytime running lights
Added safety features included on your vehicle will usually decrease the cost of your car insurance.
What else affects the car insurance cost for a Cadillac XLR?
In addition to the physical aspects of the car, the insurance company considers the age and sex of the driver, whether or not it’s stored in a garage, marriage status of the driver, annual mileage, and other factors.
Since the Cadillac XLR is not considered a family vehicle or a vehicle which would be the primary transportation for its owner, limited mileage will have a positive effect on insurance premiums.
In other words, the less a car is driven the safer it’s deemed to be, and the lower the cost of insurance.
Traffic violations, such as speeding or reckless driving, also contribute to the cost of insurance. In figuring the car insurance cost for the Cadillac XLR, insurance companies realize a higher risk of traffic violations due to the nature of sports cars.
While this may not initially produce higher premiums, insurance carriers will be keeping a watchful eye on your driving record and will assess significantly higher fees if you should be charged with a traffic violation.
As always, whether you’re driving a Cadillac XLR or some other type of vehicle, be sure to shop around for the best car insurance prices. Rates can vary significantly from one provider to the next. You owe it to yourself to get the best rate.
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Frequently Asked Questions
How can I compare insurance rates for a Cadillac XLR?
To compare insurance rates for a Cadillac XLR, you have a few options. You can contact insurance providers directly and request quotes for your specific vehicle. Another option is to use online insurance comparison websites that allow you to input your vehicle details and receive quotes from multiple insurance companies. Additionally, you can consult with an insurance broker who can help you compare rates and find the best coverage for your Cadillac XLR.
What factors affect the insurance rates for a Cadillac XLR?
Several factors can influence the insurance rates for a Cadillac XLR, including:
- Vehicle value: The higher the value of the Cadillac XLR, the more expensive it may be to insure.
- Age and model year: Newer Cadillac XLR models may have higher insurance rates compared to older ones.
- Driver’s age and history: Young or inexperienced drivers may face higher insurance premiums. A clean driving record typically leads to lower rates.
- Location: Your geographic location can impact insurance rates due to varying levels of theft, vandalism, and accident rates in different areas.
- Usage and mileage: The more you drive your Cadillac XLR, the higher the risk of accidents, which can affect insurance rates.
- Safety features: Cars equipped with advanced safety features and anti-theft devices may be eligible for discounts, potentially lowering insurance costs.
- Coverage options: The type and level of coverage you choose will impact your insurance rates. Comprehensive coverage and lower deductibles typically result in higher premiums.
Are Cadillac XLR insurance rates generally high?
Insurance rates for a Cadillac XLR can vary depending on several factors, including those mentioned above. As a luxury vehicle, the Cadillac XLR may have higher insurance rates compared to average or economy cars. However, the specific rates will depend on the driver’s profile, the car’s value, and other relevant factors. It’s advisable to request quotes from different insurance providers to get an accurate idea of the insurance costs for your Cadillac XLR.
Are there any discounts available for insuring a Cadillac XLR?
Yes, various discounts may be available to help lower the insurance costs for a Cadillac XLR. Some common discounts include:
- Multi-car discount: Insuring multiple vehicles with the same insurance company may qualify you for a discount.
- Safe driver discount: Having a clean driving record and no recent accidents or traffic violations can often lead to lower rates.
- Safety feature discounts: If your Cadillac XLR has advanced safety features like anti-lock brakes, airbags, or a security system, you may be eligible for discounts.
- Bundling discount: Insuring your Cadillac XLR with other policies, such as home or renter’s insurance, from the same provider could result in a discount.
- Good student discount: If you or a covered driver on the policy is a student with good grades, you may be eligible for lower rates.
- Low mileage discount: If you drive your Cadillac XLR fewer miles than average, you may qualify for a discount.
How can I lower the insurance rates for my Cadillac XLR?
While insurance rates for a Cadillac XLR may be higher compared to some other vehicles, there are strategies to potentially lower your premiums:
- Shop around: Obtain quotes from multiple insurance providers to find the best rates for your Cadillac XLR.
- Increase deductibles: Choosing a higher deductible can lower your premium. However, make sure you can afford to pay the deductible if you need to make a claim.
- Maintain a clean driving record: Avoid traffic violations and accidents to keep your insurance rates lower.
- Take advantage of discounts: Inquire about all available discounts and ensure you are receiving all applicable ones for your Cadillac XLR.
- Consider bundling: If you have other insurance policies, such as home or renter’s insurance, bundling them with your Cadillac XLR coverage from the same provider may result in a discount.
- Install safety features: Adding additional safety features or anti-theft devices to your Cadillac XLR can potentially qualify you for discounts.
- Evaluate coverage options: Review your coverage needs and consider adjusting your coverage limits or types to find a balance between protection and affordability.
- Drive fewer miles: If possible, reduce your annual mileage to qualify for a low mileage discount.
- Opt for a usage-based insurance program: Some insurance companies offer programs where your premium is based on your actual driving behavior. If you are a safe driver, this may help lower your rates.
- Pay annually: Paying your insurance premium in one annual lump sum instead of monthly installments can sometimes lead to savings.
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Enter your ZIP code below to view companies that have cheap car insurance rates.
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Kalyn Johnson
Insurance Claims Support & Sr. Adjuster
Kalyn grew up in an insurance family with a grandfather, aunt, and uncle leading successful careers as insurance agents. She soon found she has similar interests and followed in their footsteps. After spending about ten years working in the insurance industry as both an appraiser dispatcher and a senior property claims adjuster, she decided to combine her years of insurance experience with another...
Insurance Claims Support & Sr. Adjuster
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.