How much would car insurance cost for a Cadillac XLR?

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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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: May 21, 2020

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Here's what you need to know...

  • 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 airbags
  • 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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