View 2016 Cadillac Escalade Insurance Cost

If you’re trying to find lower-cost insurance, are you confused by the crazy number of insurance coverage providers in your area? Many other drivers are as well. There are so many choices that it can be a challenge to find the best insurance coverage rates.

It’s a good habit to do price comparisons periodically due to the fact that insurance prices change quite often. Even if you got the lowest rate for Escalade coverage at your last renewal you can probably find a lower rate today. Ignore everything you know about insurance coverage because you’re going to get a crash course in the best way to properly buy coverages and cut your premium.

This article will teach you how to effectively get price quotes. If you are paying for car insurance now, you should be able to reduce your rates substantially using this information. But drivers do need to understand the way companies sell insurance online because it can help you find the best coverage.

Find hidden discounts on insurance

Some insurers do not advertise every available discount very clearly, so the below list has both well-publicized and the more hidden ways to save on insurance.

  • Accident Waiver – Not really a discount, but certain companies will let one accident slide before your rates go up if your claims history is clear for a particular time prior to the accident.
  • Federal Government Employee – Active or retired federal employment may qualify for a discount when you quote auto insurance for Escalade coverage with select insurance companies.
  • Mature Driver Discount – Drivers that qualify as senior citizens are able to get reduced rates for Escalade coverage.
  • Lower Rates for Military – Having a family member in the military may qualify for rate reductions.
  • Professional Organizations – Being a member of qualifying employment or professional organizations can get you a small discount when shopping for insurance.
  • Online Discount – Certain larger companies provide a small discount just for signing your application online.
  • ABS Brakes – Cars and trucks that have steering control and anti-lock brakes can avoid accidents and qualify for as much as a 10% discount.
  • Seat Belts Save – Buckling up and requiring all passengers to fasten their seat belts can save a little on medical payment and PIP coverage.
  • Home Ownership Discount – Owning your own home or condo can help you save on insurance since owning and maintaining a home is proof that your finances are in order.

As a disclaimer on discounts, some credits don’t apply to the entire cost. Most only apply to individual premiums such as collision or personal injury protection. Even though it appears it’s possible to get free car insurance, company stockholders wouldn’t be very happy. Any amount of discount will cut the amount you pay for coverage.

Larger insurance companies and some of their more popular discounts are included below.

  • Farm Bureau offers discounts including youthful driver, multi-vehicle, good student, renewal discount, safe driver, and 55 and retired.
  • MetLife includes discounts for good driver, defensive driver, accident-free, good student, and multi-policy.
  • Progressive may offer discounts for multi-policy, online quote discount, good student, online signing, and continuous coverage.
  • AAA policyholders can earn discounts including good student, anti-theft, multi-policy, education and occupation, good driver, and pay-in-full.
  • American Family offers discounts for multi-vehicle, mySafetyValet, Steer into Savings, defensive driver, and air bags.
  • Geico may have discounts that include air bags, military active duty, defensive driver, anti-lock brakes, and multi-vehicle.
  • State Farm has savings for defensive driving training, good student, driver’s education, safe vehicle, and good driver.

When comparing rates, check with every insurance company how many discounts you can get. Discounts might not apply in your state. To find insurers who offer discounts, click here.

How insurance providers calculate Cadillac Escalade insurance rates

Many different elements are taken into consideration when premium rates are determined. A few of the factors are predictable like your driving record, but others are not quite as obvious like your continuous coverage and annual miles driven.The best way to find cheaper insurance coverage is to take a look at some of the elements that help calculate the level of your policy premiums. When consumers understand what positively or negatively impacts your premiums, this helps enable you to make changes that will entitle you to better insurance coverage rates.

The factors shown below are a partial list of the pieces used by your company to calculate your prices.

  • Job impacts premiums – Did you know your career choice can influence rates? Careers such as military generals, architects and emergency personnel tend to pay higher average rates because of intense work situations and long work days. On the flip side, careers like scientists, engineers and the unemployed get better rates for Escalade coverage.
  • Your address can impact prices – Residing in small towns and rural areas has it’s advantages when it comes to insurance coverage. Less people living in that area means reduced accidents in addition to lower liability claims Drivers who live in large cities have more traffic problems and higher rates of accident claims. More time on the road can result in more accidents.
  • Rates increase with driving citations – Whether or not you get tickets has a big impact on rates. Even a single citation may cause rates to rise by as much as thirty percent. Careful drivers tend to pay less for car insurance compared to bad drivers. Drivers unfortunate enough to have severe violations like DUI, reckless driving or excessive speeding are required to file a SR-22 with their state motor vehicle department in order to legally drive a vehicle.
  • GPS tracking and theft deterrents reduce insurance coverage rates – Purchasing a vehicle that has an advanced theft prevention system can save you a little every year. Anti-theft devices like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can thwart auto theft and help lower rates.
  • Bad credit will cost you – A driver’s credit rating is a big factor in determining your rates. If your credit history can use some improvement, you may save money insuring your 2016 Cadillac Escalade by spending a little time repairing your credit. People with excellent credit scores tend to be more responsible than drivers with lower credit ratings.
  • Prices increase with policy add-ons – Insurance companies have many optional add-on coverages that may not really be needed if you aren’t diligent. Insurance for things like personal injury protection, towing coverage, and membership fees are some examples. They may seem like a good idea when discussing your needs, but if they’re wasting money eliminate the coverages to reduce your premium.

Tailor your auto insurance coverage to you

When it comes to buying the best auto insurance coverage for your personal vehicles, there really is no cookie cutter policy. Every situation is different.

For example, these questions may help you determine whether your personal situation might need an agent’s assistance.

  • How can I get my company to pay me more for my totalled car?
  • Are there companies who specialize in insuring high-risk drivers?
  • Am I covered when driving on a suspended license?
  • Do I need added coverage for expensive stereo equipment?
  • What discounts do I qualify for?
  • What are the best liability limits?
  • When would I need additional glass coverage?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

Auto insurance 101

Having a good grasp of insurance aids in choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring.

Collision protection

This coverage will pay to fix damage to your Escalade resulting from a collision with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage protects against claims such as colliding with a tree, crashing into a ditch, hitting a parking meter and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible to save money on collision insurance.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as damage to your Cadillac Escalade.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is very important. Usually these limits are set the same as your liablity limits.

Liability car insurance

Liability coverage can cover damage or injury you incur to other’s property or people. This insurance protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 50/100/50 which means a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Alternatively, you may have a combined limit which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against things such as attorney fees, repair costs for stationary objects, funeral expenses, court costs and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as large an amount as possible.

Comprehensive protection

This covers damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like a broken windshield, a tree branch falling on your vehicle and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical expense coverage

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as X-ray expenses, ambulance fees, nursing services, rehabilitation expenses and EMT expenses. They are used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Coverage applies to you and your occupants and also covers getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Stretch your dollar

Drivers who switch companies do it for any number of reasons including not issuing a premium refund, high rates after DUI convictions, high prices and even extreme rates for teen drivers. No matter why you want to switch, finding a new company is less work than it seems.

We just showed you some good ideas how you can shop for 2016 Cadillac Escalade insurance online. The key thing to remember is the more rate quotes you have, the more likely it is that you will get a better rate. You may be surprised to find that the biggest savings come from some of the lesser-known companies.

When shopping online for insurance coverage, it’s not a good idea to buy lower coverage limits just to save a few bucks. There have been many cases where an accident victim reduced comprehensive coverage or liability limits only to regret at claim time that it was a big error on their part. Your goal should be to get the best coverage possible at the lowest possible cost, but do not sacrifice coverage to save money.

More detailed insurance coverage information is located in the articles below: