2003 Cadillac Escalade ESV Insurance Cost – 8 Discounts for Best Prices

Searching for the cheapest car insurance rates for your Cadillac Escalade ESV? Have you had enough of robbing Peter to pay Paul to buy car insurance? You’re in the same situation as many other drivers. Popular companies such as GEICO, Progressive and Allstate persitently shower you with fancy advertisements and consumers find it hard to ignore the flashy ads and take the time to shop coverage around.

It is always a good idea to compare prices before your policy renews because prices change regularly. Even if you got the lowest rates for Escalade ESV coverage on your last policy a different company probably has better rates today. So just forget anything you know (or think you know) about car insurance because it’s time to teach you the fastest way to reduce your cost while increasing coverage.

Which Insurance Coverage is Cheapest?

There are a lot of ways to compare insurance coverage prices and some are less labor-intensive and much quicker. You could spend your day talking to local insurance agents in your area, or you could save time and use the web to get pricing more quickly.

Most of the larger companies participate in an industry program that allows shoppers to only type in their quote data once, and every company then returns a price quote. This eliminates the need for repetitive form submissions to each individual insurance coverage company.

To enter your information into the quoting system, click to open in new window.

The one disadvantage to doing it this way is you don’t know exactly the companies to receive prices from. So if you prefer to choose specific insurance companies to compare prices, we put together a list of the cheapest insurance coverage companies in your area. Click to view list.

It’s up to you which method you use, but make sure you use exactly the same coverages and limits on every quote you get. If you are comparing different liability limits then you won’t be able to find the best deal for your Cadillac Escalade ESV.

Misconceptions in auto insurance advertisements

Drivers get pounded daily by advertisements for cheaper car insurance by Progressive, GEICO, Allstate and State Farm. All the ads have a common claim that you can save after switching to their company.

But how can every company say the same thing?

Insurance companies have a preferred profile for the type of customer they prefer to insure. An example of a preferred risk might be profiled as between 30 and 50, has no driving citations, and drives less than 7,500 miles a year. A propective insured that hits that “sweet spot” receives the best rates and most likely will pay quite a bit less when switching companies.

Potential customers who do not match these standards will be charged more money which usually ends up with business going elsewhere. The ads state “customers who switch” not “people who quote” save that much money. This is how companies can truthfully advertise the way they do.

That is why it’s extremely important to get a wide range of price quotes. You cannot predict which auto insurance company will have the lowest Cadillac Escalade ESV insurance rates.

Don’t overlook these eight discounts

Insuring your fleet can be pricey, buy you may qualify for discounts that you may not even be aware of. A few discounts will automatically apply at the time of quoting, but less common discounts must be asked for before they will apply. If you’re not getting every credit available, you’re paying more than you need to.

  • Senior Citizens – If you qualify as a senior citizen, you may receive a discount up to 10% for Escalade ESV coverage.
  • Payment Method – If paying your policy premium upfront instead of monthly or quarterly installments you can actually save on your bill.
  • Claim Free – Good drivers with no accidents can earn big discounts compared to frequent claim filers.
  • Organization Discounts – Belonging to a civic or occupational organization could qualify you for a break when shopping for insurance coverage for Escalade ESV coverage.
  • Low Mileage – Driving fewer miles can earn lower rates on the low mileage vehicles.
  • Military Rewards – Having a deployed family member could be rewarded with lower premiums.
  • Federal Employees – Being employed by or retired from a federal job may qualify you for a discount for Escalade ESV coverage depending on your company.
  • Passive Restraints – Vehicles with factory air bags or motorized seat belts may earn rate discounts of 20% or more.

It’s important to understand that most discounts do not apply to your bottom line cost. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So despite the fact that it appears all the discounts add up to a free policy, you won’t be that lucky. Any amount of discount will reduce your premiums.

To see a list of companies with discount insurance coverage rates, click here.

Is my situation unique?

When buying coverage for your personal vehicles, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions can aid in determining if you might need an agent’s assistance.

  • Will I lose any money if I cancel my policy before it expires?
  • Can my teen drive my company car?
  • What is high-risk coverage and where do I buy it?
  • How can I get my company to pay me more for my totalled car?
  • Do I benefit by insuring my home with the same company?
  • Can I afford to buy a different vehicle if my 2003 Cadillac Escalade ESV is totaled?
  • How high should deductibles be on a 2003 Cadillac Escalade ESV?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier It’s fast, free and can provide invaluable advice.

Insurance coverages and their meanings

Understanding the coverages of insurance aids in choosing the best coverages at the best deductibles and correct limits. Insurance terms can be confusing and even agents have difficulty translating policy wording. Listed below are the normal coverages available from insurance companies.

Collision coverages – Collision coverage will pay to fix damage to your Escalade ESV from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like colliding with a tree, sideswiping another vehicle, damaging your car on a curb and rolling your car. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like nursing services, X-ray expenses, doctor visits, surgery and EMT expenses. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants as well as any family member struck as a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Liability auto insurance – Liability coverage protects you from injuries or damage you cause to a person or their property that is your fault. It protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims such as attorney fees, structural damage, repair costs for stationary objects and court costs. 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.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your Cadillac Escalade ESV.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Most of the time these limits are similar to your liability insurance amounts.

Comprehensive insurance – Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like fire damage, hitting a bird and damage from flooding. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

One last thing about your coverage

When shopping online for auto insurance, don’t be tempted to buy less coverage just to save a little money. In many instances, drivers have reduced uninsured motorist or liability limits and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your aim should be to purchase plenty of coverage at the best price while still protecting your assets.

Budget-conscious 2003 Cadillac Escalade ESV insurance is attainable on the web and with local insurance agents, and you should compare price quotes from both to have the best rate selection. There are still a few companies who do not offer you the ability to get quotes online and many times these regional insurance providers only sell through independent insurance agents.

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