2002 Cadillac Escalade Insurance Quotes – 8 Tips for Cheaper Rates

Paying for high-priced Cadillac Escalade insurance can take a big chunk out of your personal savings and force you to prioritize other expenses. Comparing price quotes is free and is an excellent way to make sure you’re not throwing money away.

Insurance companies such as Progressive, GEICO and Farmers Insurance continually bombard you with ads and it is difficult to ignore the promise of big savings and do the work needed to find the best deal.

Take these eight discounts and save

Insurance can be prohibitively expensive, but there could be available discounts to cut the cost considerably. Certain discounts will be triggered automatically at quote time, but lesser-known reductions have to be specially asked for prior to getting the savings.

  • Multi-car Discount – Buying insurance for more than one vehicle with the same company can get a discount on all vehicles.
  • Paperless Signup – Certain companies will discount your bill up to fifty bucks simply for signing over the internet.
  • Payment Method – If you pay your bill all at once rather than paying monthly you can actually save on your bill.
  • No Claims – Drivers with accident-free driving histories pay much less compared to accident-prone drivers.
  • Driver’s Ed – Have your child take driver’s ed class in high school.
  • Auto/Life Discount – Companies who offer life insurance give better rates if you take out a life insurance policy as well.
  • Discounts for Safe Drivers – Insureds without accidents can get discounts for up to 45% lower rates on Escalade insurance than less cautious drivers.
  • Federal Employees – Being employed by or retired from a federal job could cut as much as 10% off on Escalade insurance with certain companies.

Keep in mind that some credits don’t apply to all coverage premiums. Most only reduce the price of certain insurance coverages like comprehensive or collision. Just because you may think you can get free auto insurance, it doesn’t quite work that way. Any amount of discount will help reduce your overall premium however.

Car insurance companies that may offer these discounts may include but are not limited to:

It’s a good idea to ask each insurance company how you can save money. Some discounts might not be offered in your area.

Which policy gives me the best coverage?

When choosing the best car insurance coverage, there really is not a best way to insure your cars. Coverage needs to be tailored to your specific needs so this has to be addressed. Here are some questions about coverages that may help highlight if your insurance needs may require specific advice.

  • What is UM/UIM insurance?
  • Is motorclub coverage worth it?
  • Are my friends covered when driving my car?
  • I don’t drive much so do I pay less?
  • Do I have coverage for damage caused while driving under the influence?
  • Is my teen driver covered when they drive my company car?
  • Does insurance cover tools stolen from my truck?
  • Should I buy additional glass protection?
  • Am I covered if hit by an uninsured driver?
  • Why am I required to get a high-risk car insurance policy?

If you can’t answer these questions but one or more may apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier

Car insurance ads bend the truth

Car insurance companies such as Progressive, GEICO, Allstate and State Farm regularly use ads on television and other media. They all seem to make an identical promise that you can save if you move your coverage to them. How does each company make the same claim?

All the different companies have a preferred profile for the type of driver that makes them money. For example, a driver they prefer could possibly be between the ages of 30 and 50, has no driving citations, and has excellent credit. Any driver who fits that profile will get very good rates and as a result will probably cut their rates substantially.

Potential insureds who do not match this ideal profile will have to pay a more expensive rate and ends up with business going elsewhere. The ads say “customers who switch” not “everybody who quotes” save money. That’s why companies can advertise the way they do.

Because of the profiling, you should quote coverage with many companies. It is impossible to predict which company will have the lowest Cadillac Escalade insurance rates.

Insurance coverage specifics

Learning about specific coverages of your policy aids in choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. These are the usual coverages found on most insurance policies.

Liability auto insurance

This can cover damage that occurs to other’s property or people. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 50/100/50 which means a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers things like court costs, bail bonds and attorney fees. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as large an amount as possible.

Collision coverage

This coverage will pay to fix damage to your Escalade resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for things like damaging your car on a curb, crashing into a building and sustaining damage from a pot hole. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as vandalism, fire damage and hitting a bird. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for bills such as hospital visits, dental work and doctor visits. They can be used in conjunction with a health insurance plan or if you are not covered by health insurance. It covers all vehicle occupants and will also cover any family member struck as a pedestrian. PIP is only offered in select states and may carry a deductible

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Cadillac Escalade.

Because many people carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Usually these limits are similar to your liability insurance amounts.

Pennies from heaven

Cost effective 2002 Cadillac Escalade insurance is attainable both online in addition to many insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance providers do not provide you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.

You just read many ideas to shop for insurance online. The key concept to understand is the more quotes you get, the higher your chance of finding lower rates. You may even discover the lowest priced insurance comes from a lesser-known regional company. Some small companies can often provide lower rates in certain areas compared to the large companies like State Farm or Progressive.

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