Cadillac CT5 Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• A Cadillac CT5 costs more than most other cars to insure.
• Liability car insurance for a CT5 comes in at about $76 monthly, while full coverage normally averages around $294 per month.
• Dashers offers the most affordable average rates for a CT5 with liability only coverage offered for as cheap as just $44 a month.

CT5 Overview

With base prices starting at just $36,995 for 2021 models, the Cadillac CT5 is a great car for drivers on a budget. There are five different trim levels currently offered, so every driver can find an option to match their style.

We crunched the numbers on thousands of insurance quotes on Compare.com, and we've determined that average Cadillac CT5 auto insurance prices run about $230 monthly. Where does that fall compared to the rest of the market?

How Much is Car Insurance for a Cadillac CT5?

If you look at the table above, you'll see that Cadillac CT5 insurance rates are higher than average compared to other vehicles. On average, CT5 owners will pay around $76 per month for liability insurance, and about $294 monthly for full coverage, which has comprehensive and collision coverages in addition to liability (our guide, "State Minimum vs. Full Coverage", can provide more details on these different types of insurance).

When you compare it to other Cadillac models, the CT5 is more expensive, with premiums around 74% higher than the rest of the manufacturer's vehicle lineup. Compared to offerings from other brands, car insurance for a CT5 runs close to average, with full coverage insurance prices coming in at $117 higher than other cars and liability insurance rates at $7 cheaper.

When compared to all vehicles of any body type, the CT5 is less expensive for liability only auto insurance, but full coverage premiums are more expensive on average.

Who has the Cheapest Car Insurance for a Cadillac CT5?

If you're looking for a new auto insurance policy for your Cadillac CT5, you probably want to know which company offers the cheapest rates. Although rates can shift quite dramatically depending on your driver profile, SafeAuto offers the lowest average rates for liability only coverage, with rates as low as just $40 per month. With car insurance sometimes as little as $43 a month, Esurance is the next cheapest insurance carrier.

Dashers, Commonwealth Casualty, and MetroMile finish off the rest of the top 5. However, just because these five carriers offer the lowest average rates doesn't necessarily mean they'll be the cheapest for you.

After all, car insurance companies look at many things when calculating premiums, so your results might be different. By getting quotes from a wide array of auto insurance carriers at once, you can rest easy knowing that you're finding the most affordable rate.

What Factors Affect Car Insurance Rates for a Cadillac CT5?

As we mentioned above, there are a whole bunch of factors that car insurance companies take a look at to choose how much they charge you for insurance -- and each company weighs certain factors more than others, so there's not one carrier that's the lowest for everyone.

Here are just a few of the variables car insurers will look at, with individual breakdowns of how each one affects your rates:

Vehicle Age

The Cadillac CT5 has only been around for one model year, which means vehicle age won't affect your cost in the same way it might for other vehicles. Generally, it costs more to insure newer cars because they're worth more, but as they get older, insurance costs will gradually go lower.

Next year, we'll know more about the differences in prices for each model year, but for now we see that a CT5 less than one year old will be around $76 monthly to insure.

Your Age

Your age is another factor that plays a significant role in how much you pay for auto insurance. Because the Cadillac CT5 is pretty new to the market, we're just starting to collect data on how age is affecting car insurance premiums. So far, based on the table above, young drivers have more expensive rates than those with more experience on the road.

Insurance prices continue to decrease as you get older, with drivers aged 45-54 making up the cheapest age group for the CT5.

Your Gender

Women tend to pay less for insurance than men. This is because women are less likely to get speeding tickets and get into accidents, which lowers the chances of an insurance claim. The Cadillac CT5 follows this convention, and women pay about 53% less than men a month for car insurance. However, due to the small sample size of CT5 data, this pricing may not be representative of the premiums you may see.

Where You Live

You were probably already aware that factors such as what vehicle you drive and how old you are play a role in your auto insurance prices, but you may not realize that where you live matters just as much. Since insurance is regulated on the state level and not nationally, rates change quite a bit depending on what state you live in.

Because the CT5 is a relatively new vehicle, our state data is somewhat limited. Even so, you can see in the table above that New York has rates that are.

Cadillac CT5 Car Insurance Discounts

Regardless of what state you call home, how old you are, or which car you drive, it's always a smart move to take advantage of as many auto insurance discounts as possible.

While no two car insurance carriers offer the same exact discounts, there are a few different ones that you'll find with most companies. These include things like:

• Multi-vehicle discounts for adding more than one car to your auto policy
• Pay-in-full discounts for drivers who agree to pay their entire policy rate up front, rather than in monthly installments
• Defensive driving discounts for drivers who take a defensive driving class from an accredited school or institution
• Vehicle safety discounts for having a vehicle with certain safety features (like anti-lock brakes or air bags) or one with higher safety ratings

But these aren't the only discounts insurance carriers offer to their customers. Sometimes, the best rates come from simply having a favorable insurance profile, which means having a clean driving record or not having any recent insurance claims.

While you can't control every variable car insurance companies take into account to calculate premiums (like some of the ones mentioned above), you do have a say over some of them. Below are just a few of the things you can use in your favor in order to save money on auto insurance:

Your Driving Record

You've most likely noticed ads from insurance carriers posting large savings for responsible drivers. It makes sense that your auto insurance prices will increase if you get a speeding ticket or get into an accident. But you still might be left wondering exactly how much collisions and moving violations will cost you.

Unfortunately, we don't have enough data on file for Cadillac CT5 drivers specifically, since it is a relatively new car. However, we'll have a better idea of how much infractions will cost CT5 drivers when it comes to insurance as we see more and more of these on the road.

How Much You Drive

The amount of miles you drive each year affects your car insurance premiums. Drivers who are on the roads less are less likely to get into collisions, so they'll usually be offered lower rates. Since the Cadillac CT5 is a new vehicle, our data is relatively limited, so we don't yet know how much annual driving distance will affect prices. So far, the most expensive rates are offered to drivers who drive 7,500 - 10,000 miles every year.

But if you're one of those drivers who don't put very many miles on your Cadillac CT5 each year, it may be worth reviewing pay-per-mile or usage-based auto insurance. With these kinds of policies, you pay a small monthly amount, and your final monthly bill is calculated based on the number of miles you drove.

How Do Cadillac CT5s Compare to Other Vehicles?

If you're thinking about making a Cadillac CT5 your next purchase, you're probably wondering how it compares to other vehicles. Car insurance is just one cost that comes with a new car purchase, but it's definitely one that's worth taking into consideration.

Visit the table below to see how the Cadillac CT5 compares:

As you can see, the Cadillac CT5 is right on par with the average vehicle price here in the U.S. The national average vehicle MSRP is $46,296, and the CT5 comes in close to that at $36,995.

But while the purchase price runs about average, insurance rates are higher when compared to the rest of the vehicle market. Liability insurance for a Cadillac CT5 is around $21 per month more than average, while full coverage is over $50 more per month.

However, it is worth noting that the CT5 drivers tend to use their cars less than the average American driver, with only 9,091 annual miles for the average owner.

Cadillac CT5 Car Insurance Costs by Model Year

We've gone over many of the variables that can affect how much you might pay for car insurance. But if you're considering buying a new CT5, having a good idea of exactly what you'll pay can be extremely helpful as you weigh your choices.

2021 Cadillac CT5 Car Insurance

It costs about $102 monthly for liability or $407 for a full coverage policy for the 2021 Cadillac CT5.

We found MetroMile offered the cheapest policy, with rates as low as $34 a month.

If you want to know just how much your price will be, just enter your ZIP code below and get free quotes in minutes.

2020 Cadillac CT5 Car Insurance

The average cost to insure a 2020 CT5 with liability only coverage is $63 per month, while full coverage runs around $227 a month.

With prices as cheap as $37 monthly, Esurance offered the lowest policy we found.

These average premiums are a great starting point if you're in the market for a 2020 Cadillac CT5, but there are a wide array of different things that go into calculating your policy rates. If you want to figure out exactly what you'll be asked to pay, get customized quotes by entering your ZIP below.

Cadillac CT5 Insurance FAQs

Is a Cadillac CT5 expensive to insure?

It costs more to insure a Cadillac CT5 when compared to the average vehicle. Liability insurance runs an average of $76 per month, while full coverage will cost you around $294.

How can I get the best price on car insurance for my Cadillac CT5?

There's only one way to make sure you're getting the most affordable rates -- regularly shopping around and comparing quotes from a lot of companies. Over time, your driver profile changes, which could change your rates, so it's recommended that you get quotes every 6 months or so. Luckily, sites like Compare.com let you compare rates from a variety of carriers at once, meaning you can find the cheapest rates (or guarantee you already have the best deal) in just a few minutes.

Does the color of my Cadillac CT5 affect my insurance prices?

You've probably heard the old adage that it costs more to insure a red car, but that's actually not true. Even though there are a variety of variables car insurance companies use when they offer rates, your Cadillac CT5's color isn't one of them.

Do I need to have insurance before I buy a Cadillac CT5?

Before you can legally drive your new (or new to you) car off the dealership lot, you'll need to have an auto insurance policy in place. Some dealerships will offer you a car insurance policy as part of the buying process, but the best thing to do when buying a an car is to talk with your auto insurance carrier ahead of time.

What car insurance discounts can I get for my Cadillac CT5?

You will find a lot of different discounts out there when it comes to insurance. Many of them (like "pay-in-full discounts" and "multi-policy discounts") are more based on you than the CT5 you drive, but if your CT5 has safety features like anti-theft systems, airbags, anti-lock brakes, and other features, it may qualify for certain discounts. To learn more about which discounts you may qualify for, contact your insurance company and ask about their discounts.