Best Cadillac XLR Car Insurance in 2024 (Your Guide to the Top 10 Companies)

Erie, Allstate, and Geico lead the pack for the best Cadillac XLR car insurance, offering standout coverage and competitive rates. Erie is the top pick overall for its comprehensive coverage, while Allstate shines with its extensive add-on options.

Geico excels with customizable plans that cater different type of car insurance coverage. To find the best rates and coverage for your Cadillac XLR, it’s essential to compare quotes and consider these leading providers.

Our Top 10 Company Picks: Best Cadillac XLR Car Insurance

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#1 – Erie: Top Pick Overall

Pros

• Competitive Rates: Erie offers an average monthly rate of $161 for Cadillac XLR insurance, making it a cost-effective option. This rate reflects their ability to provide good coverage at a lower cost compared to many other insurers.
• Excellent Coverage Options: As mentioned in Erie car insurance review, Erie provides comprehensive coverage options for the Cadillac XLR, including protection against theft and damage, which is crucial for this luxury vehicle. Their policies ensure that your Cadillac XLR is well-protected against various risks.
• Strong Customer Service: Erie is known for its responsive customer service, which is essential for Cadillac XLR owners who may need assistance with claims or policy adjustments. Their customer support team is praised for handling inquiries efficiently.

Cons

• Limited Discounts: Erie’s discount options for Cadillac XLR insurance might be less extensive compared to other providers. This limitation could result in higher overall costs if you don’t qualify for their few available discounts.
• Availability: Erie’s insurance policies might not be available in all states, which can be a drawback if you relocate or travel frequently. This limited availability can restrict access to their competitive Cadillac XLR insurance rates.

#2 – Allstate: Best for Add-on Coverages

Pros

• Comprehensive Coverage: As mentioned in our Allstate car insurance review, Allstate offers thorough coverage options for Cadillac XLR owners, including robust protection for both collision and comprehensive claims. This ensures that your luxury vehicle is covered in a variety of scenarios.
• Numerous Discounts: Allstate provides multiple discount opportunities that can lower the cost of Cadillac XLR insurance. These discounts include safe driver, multi-policy, and vehicle safety feature discounts, which can significantly reduce your premiums.
• Convenient Claim Process: Allstate’s user-friendly mobile app and website streamline the claims process, allowing Cadillac XLR owners to file and track claims easily. This convenience is beneficial for managing any insurance needs quickly.

Cons

• Higher Premiums: Allstate’s average monthly rate for Cadillac XLR insurance is $206, which is on the higher end of the spectrum. This could be a concern for budget-conscious Cadillac XLR owners seeking more affordable options.
• Mixed Customer Reviews: Allstate has received mixed feedback from customers regarding its service quality, which might affect Cadillac XLR owners’ experience. Issues such as delayed responses or disputes over claims can be frustrating.

#3 – Geico: Best for Custom Plan

Pros

• Affordable Rates: As outlined in Geico car insurance review, Geico offers one of the higher monthly rates at $250 for Cadillac XLR insurance. However, their competitive rates are balanced by comprehensive coverage options that offer good value for luxury vehicles.
• User-Friendly Tools: Geico’s online tools and mobile app provide Cadillac XLR owners with easy access to policy management, quote comparisons, and claims filing. This convenience enhances the overall insurance experience.
• Strong Financial Stability: Geico has a strong financial rating, which provides Cadillac XLR owners with peace of mind knowing that their insurer can handle large claims and provide reliable coverage over time.

Cons

• Limited Coverage Customization: Geico may offer fewer customization options for Cadillac XLR insurance policies, which can limit your ability to tailor coverage to specific needs or preferences for your luxury vehicle.
• Customer Service Issues: Some Cadillac XLR owners have reported issues with Geico’s customer service, including slow response times and difficulty resolving complex claims. This can be a drawback for those needing personalized assistance.

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#4 – Progressive: Best for Innovative Programs

Pros

• Lowest Average Rates: Progressive offers the most competitive monthly rate of $146 for Cadillac XLR insurance. This makes it a top choice for those seeking budget-friendly options without sacrificing coverage quality. Learn more details in our Progressive car insurance review.
• Flexible Coverage Options: Progressive provides a variety of coverage options for Cadillac XLR owners, including customizable plans that allow you to select the levels of protection that best suit your needs and driving habits.
• Discount Opportunities: Progressive offers various discounts that can lower the cost of Cadillac XLR insurance, including multi-car, safe driver, and anti-theft device discounts, which can help reduce your overall premium.

Cons

• Less Personal Service: Progressive’s emphasis on online and automated services may not appeal to Cadillac XLR owners who prefer more personalized customer service. This could impact the experience of handling claims or policy inquiries.
• Limited Physical Presence: Progressive’s limited number of physical locations can be a drawback if you prefer in-person interactions for managing your Cadillac XLR insurance or discussing complex coverage options.

#5 – Nationwide: Best for Usage Discount

Pros

• Comprehensive Coverage: Nationwide provides extensive coverage for Cadillac XLR owners, including options for roadside assistance and rental car reimbursement, ensuring you’re well-protected in various situations.
• Discount Programs: Nationwide offers several discount programs that can help lower the cost of Cadillac XLR insurance, including discounts for bundling policies and installing safety features, which can make insurance more affordable. Check out their ratings in our complete Nationwide car insurance discount.
• Solid Customer Support: Nationwide’s customer service is well-regarded for its responsiveness and efficiency, providing Cadillac XLR owners with reliable support for claims and policy management.

Cons

• Higher Premiums: With an average monthly rate of $230, Nationwide’s Cadillac XLR insurance may be more expensive compared to some other providers, which could be a concern for cost-conscious customers.
• Limited Coverage Customization: Nationwide might offer fewer customization options for Cadillac XLR insurance policies, potentially limiting your ability to tailor coverage to specific needs or preferences for your luxury vehicle.

#6 – USAA: Best for Military Savings

Pros

• Competitive Rates: USAA offers a favorable monthly rate of $201 for Cadillac XLR insurance, providing good value for military members and their families seeking comprehensive coverage for their luxury vehicles. Learn more in our USAA car insurance review.
• Excellent Coverage: USAA provides robust coverage options for Cadillac XLR owners, including extensive protection for collision, comprehensive, and liability coverage, ensuring your luxury vehicle is well-protected.
• Exceptional Customer Service: USAA is known for its high level of customer service, offering personalized support and efficient claims handling, which enhances the insurance experience for Cadillac XLR owners.

Cons

• Eligibility Restrictions: USAA insurance is only available to military members and their families, which can exclude Cadillac XLR owners who do not qualify for their membership, limiting access to their competitive rates.
• Limited Discount Opportunities: USAA may offer fewer discount options compared to other providers, which could affect the overall affordability of Cadillac XLR insurance for some customers.

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#7 – Farmers: Best for Local Agents

Pros

• Comprehensive Coverage Options: Farmers offers extensive coverage for Cadillac XLR owners, including options for roadside assistance and new car replacement, which are valuable for maintaining protection and peace of mind.
• Wide Range of Discounts: Farmers provides multiple discount opportunities for Cadillac XLR insurance, such as safe driver discounts and multi-policy discounts, helping to reduce overall insurance costs.
• Strong Local Presence: Farmers has a broad network of agents, which allows Cadillac XLR owners to receive personalized service and support, enhancing the experience of managing their insurance policies. Learn more in our Farmers car insurance review.

Cons

• Higher Premiums: With an average monthly rate of $224, Farmers may be more expensive compared to some competitors, which could be a drawback for Cadillac XLR owners looking for more budget-friendly insurance options.
• Inconsistent Service Quality: Some customers have reported varying levels of service quality with Farmers, which could impact Cadillac XLR owners’ experiences with claims and customer support.

#8 – AAA: Best for Online App

Pros

• Robust Coverage: As mentioned in AAA car insurance review, AAA offers comprehensive coverage for Cadillac XLR owners, including protection against various types of damage and theft, ensuring that your luxury vehicle is well-protected.
• Member Discounts: AAA members can benefit from exclusive discounts on Cadillac XLR insurance, which can help lower the overall cost of coverage for those who are part of the AAA network.
• Excellent Roadside Assistance: AAA is renowned for its roadside assistance services, which are particularly beneficial for Cadillac XLR owners who may need help in emergency situations or while traveling.

Cons

• Higher Rates: AAA’s average monthly rate of $277 is among the highest, which may be a concern for Cadillac XLR owners seeking more affordable insurance options.
• Limited Availability: AAA’s insurance services may not be available in all areas, potentially restricting access for some Cadillac XLR owners who want to take advantage of their coverage and services.

#9 – Liberty Mutual: Best for Customizable Polices

Pros

• Wide Coverage Options: Liberty Mutual provides extensive coverage options for Cadillac XLR, including protection against theft, collision, and comprehensive claims, ensuring your vehicle is well-protected. Learn more in our Liberty Mutual car insurance review.
• Various Discount Programs: Liberty Mutual offers multiple discount opportunities for Cadillac XLR insurance, such as discounts for bundling policies and installing safety features, which can help lower your premiums.
• 24/7 Customer Service: Liberty Mutual offers round-the-clock customer support, providing Cadillac XLR owners with access to assistance at any time, which is valuable for managing claims and policy changes.

Cons

• High Premiums: With an average monthly rate of $253, Liberty Mutual’s Cadillac XLR insurance may be on the higher end of the spectrum, which could be a drawback for those seeking more affordable coverage options.
• Mixed Customer Feedback: Liberty Mutual has received mixed reviews regarding its customer service and claims handling, which could affect Cadillac XLR owners’ overall experience with their insurance policies.

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#10 – State Farm: Best for Many Discounts

Pros

• Competitive Rates: State Farm offers a monthly rate of $197 for Cadillac XLR insurance, which is relatively competitive compared to other providers. This helps in obtaining quality coverage at a more affordable price. More information about their rates in our State Farm car insurance review.
• Flexible Coverage Options: State Farm provides a range of coverage options for Cadillac XLR owners, including customizable plans that can be tailored to meet individual needs and preferences.
• Extensive Discount Opportunities: State Farm offers various discounts that can lower the cost of Cadillac XLR insurance, including discounts for safe driving, multi-policy, and vehicle safety features

Cons

• Limited Coverage Customization: Some Cadillac XLR owners may find that State Farm offers fewer options for customizing their insurance coverage, which could limit the ability to tailor the policy to specific needs.
• Inconsistent Customer Service: State Farm has received mixed feedback regarding customer service, which may affect Cadillac XLR owners’ experiences with handling claims and resolving issues.

Cadillac XLR Insurance Costs

The table below compares monthly rates for minimum and full coverage car insurance for a Cadillac XLR from various providers.

Cadillac XLR Car Insurance Monthly Rates by Coverage Level & Provider

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. Learn more in our “Does car insurance cover passengers?”

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.

The organization highlights key safety features of the Cadillac XLR, including anti-lock brakes, front-impact airbags, and daytime running lights. These advanced safety features generally contribute to lower insurance premiums. By investing in such features, you can potentially reduce the cost of insuring your Cadillac XLR.

 

These discounts from top insurance providers for the Cadillac XLR offer valuable opportunities for car owners to save money while maintaining comprehensive coverage and safety on the road.

Factors Affecting the 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.

Read More: How Traffic Infractions Affect Car Insurance

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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How Blue Book Value Affect Cadillac XLR 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.

Read More: Do I have to pay insurance for a totaled car?

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. Enter your ZIP code in our free tool below to compare car insurance rates now.

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