Lower Your 2006 Cadillac Escalade Insurance Rates

Trying to find cheaper auto insurance rates for your Cadillac Escalade? If shopping for auto insurance online is new to you, you may be overwhelmed because of the huge number of auto insurance companies selling insurance.

Finding the best rates is easy if you know what you’re doing. If you currently have car insurance, you will be able to save some money using these techniques. But car owners can benefit by having an understanding of how the larger insurance companies market on the web.

Lower rates by qualifying for discounts

Auto insurance companies don’t always advertise all available discounts very clearly, so here is a list some of the more common as well as the least known ways to save on car insurance.

  • No Charge for an Accident – A few companies permit an accident before your rates go up if you are claim-free for a particular time prior to the accident.
  • Federal Employees – Active or retired federal employment can save as much as 8% for Escalade coverage with select insurance companies.
  • Passive Restraint Discount – Vehicles with factory air bags or automatic seat belts can qualify for discounts of 20% or more.
  • Clubs and Organizations – Affiliation with a civic or occupational organization is a good way to get lower rates on car insurance for Escalade coverage.
  • Bundle and Save – When you combine your home and auto insurance with one insurance company you will save up to 20% off your total premium.
  • Save with a New Car – Insuring a new car is cheaper compared to insuring an older model.
  • Discounts for Safe Drivers – Drivers who avoid accidents can get discounts for up to 45% lower rates for Escalade coverage than drivers with accident claims.
  • Paperwork-free – A handful of insurance companies will give a small break for buying a policy and signing up over the internet.
  • 55 and Retired – If you qualify as a senior citizen, you may be able to get a discount up to 10% for Escalade coverage.
  • Discount for Life Insurance – Some companies give better rates if you take out life insurance.

As a disclaimer on discounts, most credits do not apply the the whole policy. Most only cut individual premiums such as liability, collision or medical payments. So even though they make it sound like you can get free auto insurance, companies wouldn’t make money that way.

Insurance companies that possibly offer some of the above discounts are:

Check with all companies you are considering what discounts are available to you. Discounts might not be offered in your area.

The quickest method we recommend to compare rate quotes is to know the fact car insurance companies participate in a system to compare their rates. The one thing you need to do is give them some information like your education level, distance driven, if it has an alarm system, and whether you are single or married. Your details is then sent to insurance carriers in your area and they return quotes instantly to find the best rate.

To get price quotes for your Cadillac Escalade , click here and complete the quick form.

Factors influencing Cadillac Escalade insurance rates

It’s important that you understand the rating factors that help determine the price you pay for insurance. Understanding what controls the rates you pay allows you to make educated decisions that may reward you with better insurance rates.

The following are some of the items companies use to determine rates.

  • A clean driving record saves money – Your driving citation history has a lot to do with how much you pay for insurance. Careful drivers tend to pay less for car insurance compared to drivers with tickets. Even a single speeding ticket can boost insurance rates by twenty percent. Drivers who have flagrant citations such as reckless driving, hit and run or driving under the influence may need to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to keep their license.
  • Equipment add-ons that lower insurance rates – Choosing a vehicle with a theft deterrent system can save you a little every year. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart your car from being stolen.
  • Discounts for married couples – Having a spouse can actually save you money on your policy. It is viewed as being more responsible and it’s proven that being married results in fewer claims.
  • Women pay lower rates – Statistics demonstrate women are more cautious behind the wheel. However, this does not mean women are better drivers. They both have accidents in similar percentages, but the men have costlier accidents. Men also statistically get more serious tickets like DUI and reckless driving. Teenage male drivers are several times more likely to be in an accident and therefore have the most expensive insurance rates.
  • Safer cars cost less to insure – Vehicles with good safety scores tend to have better insurance rates. These vehicles result in less severe injuries and better occupant protection means less money paid by your insurance company and lower rates for you. If your Cadillac Escalade is rated at least four stars on Safercar.gov it is probably cheaper to insure.
  • Don’t skimp on liability – Your policy’s liability coverage provides coverage if you are found to be at fault for damages from an accident. It will provide legal defense coverage which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should carry high limits.

Car insurance is unique, just like you

When choosing the right insurance coverage for your vehicles, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs.

These are some specific questions might point out if your situation may require specific advice.

  • Does insurance cover tools stolen from my truck?
  • Should I bundle my homeowners policy with my auto?
  • How can I get high-risk coverage after a DUI?
  • When should my teen driver be added to my policy?
  • Why do I only qualify for high-risk insurance?
  • Do I need PIP coverage since I have good health insurance?
  • Am I missing any policy discounts?
  • Is a new car covered when I drive it off the dealer lot?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to a licensed agent. If you want to speak to an agent in your area, simply complete this short form.

The insurance coverage bait and switch

Allstate, Geico and Progressive consistently run television and radio advertisements. All the companies make the same claim that you can save if you change to their company. How does each company make almost identical claims? It’s all in the numbers.

All companies can use profiling for the driver they prefer to insure. For instance, a profitable customer might be profiled as between 30 and 50, is a homeowner, and chooses high deductibles. A customer getting a price quote who fits that profile gets the lowest rates and most likely will pay quite a bit less when switching companies.

Potential insureds who are not a match for the “perfect” profile will have to pay higher rates which leads to the driver buying from a lower-cost company. Company advertisements say “people who switch” but not “drivers who get quotes” save money. That’s why companies can make the claims of big savings. Because of the profiling, it is so important to get as many comparisons as possible. It is impossible to predict which company will fit your personal profile best.

Insurance coverages and their meanings

Knowing the specifics of a insurance policy helps when choosing the best coverages for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording.

UM/UIM Coverage

Your UM/UIM coverage provides protection when the “other guys” do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your Cadillac Escalade.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for pain medications, EMT expenses, dental work and X-ray expenses. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants as well as being hit by a car walking across the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for things such as crashing into a building, driving through your garage door and sustaining damage from a pot hole. This coverage can be expensive, so consider removing coverage from lower value vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Liability car insurance

This provides protection from damages or injuries you inflict on a person or their property in an accident. It protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against things such as structural damage, repair costs for stationary objects, pain and suffering and court costs. How much liability coverage do you need? That is up to you, but buy as much as you can afford.

Comprehensive or Other Than Collision

This coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as hitting a deer, damage from flooding, hitting a bird, hail damage and damage from getting keyed. The maximum payout a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Have money to burn

While you’re price shopping online, never buy poor coverage just to save money. In many cases, drivers have reduced full coverage only to regret they didn’t have enough coverage. The aim is to get the best coverage possible for the lowest price while not skimping on critical coverages.

Drivers switch companies for any number of reasons including high prices, denial of a claim, delays in responding to claim requests or even delays in paying claims. Regardless of your reason, finding a new company is not as hard as you think.

In this article, we covered some good ideas how to compare 2006 Cadillac Escalade insurance prices online. It’s most important to understand that the more providers you compare, the better likelihood of reducing your rate. Drivers may discover the most savings is with a smaller regional carrier.

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