Cheaper 2014 Cadillac Escalade Insurance Quotes

Consumers not familiar with comparing insurance rates online will discover buying the cheapest car insurance nearly impossible.

It is always a good idea to price shop coverage periodically because prices change frequently. If you had the lowest rates for Escalade insurance last year there is a good chance you can find better rates now. Starting now, forget anything you know (or think you know) about car insurance because you’re going to get a crash course in how to use online quotes to save money, get proper coverage and the best rates.

How to Compare Auto Insurance Rates

There are several ways of comparing rates and find the best price. The recommended way to find the cheapest 2014 Cadillac Escalade insurance rates consists of obtaining rate quotes online. This can be accomplished in a couple of different ways.

  1. The best way consumers can analyze rates is a comparison rater form (click to open form in new window). This easy form prevents you from having to do boring form submissions for every auto insurance company. One form submission compares rates from auto insurance companies with the best prices. This is perfect if you don’t have a lot of time.
  2. A more difficult way to shop for auto insurance online consists of visiting the website for each individual company to request a price quote. For sake of this example, we’ll pretend you want comparison quotes from Allstate, Farmers and GEICO. You would have to go to every website to input your insurance information, and that’s why the first method is more popular. For a list of links to insurance companies in your area, click here.

However you get your quotes, be sure to compare exactly the same deductibles and coverage limits with each company. If you compare differing limits then you won’t be able to truly determine the lowest rate. Just a small difference in insurance coverages may result in a large different in cost. And when comparing auto insurance rates, know that comparing more company’s prices helps you find lower pricing.

Beware of misleading auto insurance ads

State Farm, Allstate and GEICO continually stream ads on TV and radio. All the companies make the same claim that you can save after switching your coverage to them. How do they all make the same claim?

Insurance companies have a certain “appetite” for the right customer that makes them money. For instance, a desirable insured might be between the ages of 40 and 55, insures multiple vehicles, and drives less than 10,000 miles a year. A driver who matches those parameters receives the best rates and most likely will save when they switch companies.

Potential insureds who don’t qualify for these standards must pay a more expensive rate and this can result in business not being written. Company advertisements say “customers that switch” not “everyone that quotes” save money. That’s why companies can make the claims of big savings.

This illustrates why you should get quotes from several different companies. Because you never know which company will give you the biggest savings on Cadillac Escalade insurance.

Cadillac Escalade rate determination is complex

An important part of buying insurance is that you know the factors that help determine auto insurance rates. Knowing what controls the rates you pay allows you to make educated decisions that could result in better auto insurance rates.

The following are a few of the “ingredients” companies use to determine premiums.

  • Multi-policy discounts can save money – Most insurance companies will award you with lower prices to policyholders who consolidate policies with them such as combining an auto and homeowners policy. This can amount to 10 percent or more. Even though this discount sounds good, you may still want to comparison shop to verify if the discount is saving money. You may still be able to find better rates by buying insurance from more than one company.
  • Pay less if you’re married – Being married can actually save you money on auto insurance. Having a spouse is viewed as being more responsible and statistics show married drivers get in fewer accidents.
  • Drive less and save money – The higher the mileage driven every year the higher your rate. Most companies rate vehicles determined by how the vehicle is used. Autos left parked in the garage get more affordable rates as compared to vehicles used primarily for driving to work. Make sure your auto insurance declarations sheet shows the correct usage for each vehicle. If your policy improperly rates your Escalade may be wasting your money.
  • Battle of the sexes – Statistics show women are more cautious behind the wheel. However, don’t assume that women are BETTER drivers than men. Women and men are in accidents at about the same rate, but men cause more damage and cost insurance companies more money. Men also receive more costly citations such as DWI and reckless driving.
  • Credit scores impact auto insurance rates – Having a bad credit history is a important factor in calculating your auto insurance rates. If your credit is not that good, you could potentially save money when insuring your 2014 Cadillac Escalade by improving your rating. People with high credit scores tend to be more responsible as compared to drivers with lower credit scores.
  • Your location is important – Residing in less populated areas can save you money when insuring your vehicles. Drivers in populated areas tend to have traffic congestion and much longer commute distances. Fewer drivers means reduced accidents as well as less vandalism and auto theft.

Pay less for 2014 Cadillac Escalade insurance

The price of auto insurance can be rather high, but you can get discounts that you may not even be aware of. Larger premium reductions will be automatically applied at quote time, but some may not be applied and must be specially asked for prior to getting the savings.

  • Payment Method – If you pay your entire premium ahead of time instead of making monthly payments you could save up to 5%.
  • Life Insurance – Some companies give a discount if you purchase a life insurance policy as well.
  • Student in College – Kids in college who live away from home and do not have access to a covered vehicle can be insured at a reduced rate.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes can avoid accidents and therefore earn up to a 10% discount.
  • Multiple Cars – Having all your vehicles on the same auto insurance policy qualifies for this discount.
  • Homeowners Savings – Simply owning a home can help you save on auto insurance because maintaining a house shows financial diligence.
  • Sign Online – A few companies will discount your bill up to fifty bucks for buying your policy over the internet.
  • Discount for Swiching Early – Some companies give discounts for switching policies before your current expiration date. The savings is around 10%.
  • Accident Waiver – A handful of insurance companies will forgive one accident without raising rates if your claims history is clear for a certain period of time.

Keep in mind that most discount credits are not given the the whole policy. Most only apply to the price of certain insurance coverages like medical payments or collision. So even though it sounds like all those discounts means the company will pay you, you won’t be that lucky. Any amount of discount will reduce your overall premium however.

A partial list of companies that possibly offer these money-saving discounts include:

It’s a good idea to ask each company how you can save money. All car insurance discounts may not apply everywhere.

Tailor your coverage to you

When choosing the right insurance coverage, there really is no “perfect” insurance plan. Everyone’s situation is a little different.

Here are some questions about coverages that could help you determine if you might need professional guidance.

  • Does my 2014 Cadillac Escalade qualify for pleasure use?
  • How much underlying liability do I need for an umbrella policy?
  • Should I buy only the required minimum liability coverage?
  • Is my trailer covered?
  • Do I need added coverage for expensive stereo equipment?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Am I getting all the discounts available?
  • I have good health insurance, so how much medical payments coverage do I need?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to a licensed agent. If you don’t have a local agent, simply complete this short form.

Auto insurance coverage information

Knowing the specifics of your insurance policy can be of help when determining which coverages you need at the best deductibles and correct limits. Insurance terms can be impossible to understand and nobody wants to actually read their policy.

Comprehensive insurance

Comprehensive insurance pays to fix your vehicle from 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 insurance covers claims like hitting a deer, hail damage and damage from flooding. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Coverage for uninsured or underinsured drivers

This coverage provides protection when the “other guys” either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Cadillac Escalade.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Normally these limits do not exceed the liability coverage limits.

Coverage for medical expenses

Coverage for medical payments and/or PIP pay for expenses such as prosthetic devices, funeral costs and dental work. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not an option in every state and may carry a deductible

Coverage for collisions

Collision coverage pays for damage to your Escalade caused by collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things such as colliding with another moving vehicle, driving through your garage door, hitting a parking meter, crashing into a ditch and backing into a parked car. This coverage can be expensive, so consider dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to bring the cost down.

Liability insurance

Liability insurance protects you from injuries or damage you cause to other’s property or people that is your fault. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 100/300/100 that translate to a $100,000 limit per person for injuries, $300,000 for the entire accident, and property damage coverage for $100,000. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for claims such as emergency aid, attorney fees, court costs and repair costs for stationary objects. How much coverage you buy is your choice, but consider buying higher limits if possible.

At the end of the day…

Consumers switch companies for many reasons like not issuing a premium refund, an unsatisfactory settlement offer, high prices and even high rates after DUI convictions. No matter why you want to switch, finding the right insurance coverage provider is not as difficult as it may seem.

Budget-conscious 2014 Cadillac Escalade insurance is possible both online and also from your neighborhood agents, and you need to comparison shop both to have the best chance of lowering rates. There are still a few companies who may not provide you the ability to get quotes online and usually these small, regional companies provide coverage only through local independent agents.

As you restructure your insurance plan, never buy poor coverage just to save money. There have been many situations where drivers have reduced uninsured motorist or liability limits and learned later that the savings was not a smart move. Your focus should be to purchase a proper amount of coverage for the lowest price while still protecting your assets.

Additional information