Save on 2003 Cadillac Escalade EXT Car Insurance Cost

Nobody I know enjoys paying for insurance coverage, particularly when they are paying too much.

Drivers have multiple insurance companies to buy insurance from, and though it is a good thing to have a selection, having more car insurance companies makes it harder to find a good deal.

It is always a good idea to get comparison quotes once or twice a year since insurance rates change frequently. Despite the fact that you may have had the best price on Escalade EXT coverage a couple years back you may be paying too much now. Block out anything you think you know about insurance coverage because I’m going to let you in on the secrets to the best methods to lower your rates without sacrificing coverage.

Buying car insurance is not rocket science. Basically, anyone who is shopping for insurance coverage will most likely be able to lower their premiums. Although consumers can benefit from knowing the way insurance companies market on the web because it can help you find the best coverage.

These discounts can slash insurance coverage rates

Companies don’t always publicize all their discounts in an easy-to-find place, so we researched both well-publicized and the more hidden savings tricks you should be using.

  • Homeowners Pay Less – Owning a home may trigger a insurance coverage policy discount because of the fact that having a home is proof that your finances are in order.
  • Discount for Life Insurance – Some companies give better rates if you take out life insurance from them.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Cadillac could be rewarded with lower rates on the low mileage vehicles.
  • One Accident Forgiven – Certain companies allow you one accident without raising rates if your claims history is clear for a particular time prior to the accident.
  • Early Switch Discount – Select companies give a discount for switching to them prior to your current policy expiration. It’s a savings of about 10%.

A little note about advertised discounts, many deductions do not apply to all coverage premiums. Most cut the price of certain insurance coverages like comp or med pay. So when the math indicates adding up those discounts means a free policy, you’re out of luck.

Insurance companies who might offer these benefits are:

Double check with every prospective company which discounts you may be entitled to. Discounts may not apply everywhere.

Complexity of Cadillac Escalade EXT insurance rates

It’s important that you understand the different types of things that come into play when calculating your auto insurance rates. When you know what positively or negatively influences your rates allows you to make educated decisions that may reward you with much lower annual insurance costs.

  • Older drivers pay less – Youthful drivers have a tendency to be less responsible behind the wheel so they pay higher auto insurance rates. Adding a teenage driver onto your auto insurance can break the bank. Older drivers tend to be more responsible, tend to file fewer claims and tend to be better behind the wheel.
  • Do you need those extra coverages? – There are a lot of additional coverages that you can buy on your Escalade EXT policy. Insurance for vanishing deductibles, towing coverage and additional equipment coverage may be costing you every month. They may seem good initially, but now you might not need them so eliminate the coverages to reduce your premium.
  • Too many auto insurance claims drive up costs – If you are a frequent claim filer, you can pretty much guarantee higher rates. Companies generally give discounts to insureds who do not rely on their insurance for small claims. Insurance coverage is intended for the large, substantial claims.
  • More people means more accidents – Living in small towns and rural areas is a positive aspect when talking about auto insurance. Fewer people translates into fewer accidents and a lower car theft rate. Urban drivers have more traffic problems and a longer drive to work. More time commuting can result in more accidents.
  • Car features impact rates – Choosing a vehicle with an alarm system can get you a discount on your auto insurance. Theft prevention features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart your car from being stolen.
  • Lower deductibles cost more – Deductibles for physical damage define the amount you are required to spend out-of-pocket in the event of a claim. Physical damage coverage, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Some instances where coverage would apply are running into the backend of another car, vandalism, and rolling your vehicle. The more money you are required to pay out-of-pocket, the less your company will charge you for insurance on Escalade EXT coverage.

When might I need the advice of an agent?

When it comes to buying the best auto insurance coverage, there really is not a “best” method to buy coverage. Everyone’s situation is a little different so this has to be addressed. Here are some questions about coverages that might help in determining whether you could use an agent’s help.

  • What can I do if my company denied a claim?
  • What vehicles should carry emergency assistance coverage?
  • Am I getting all the discounts available?
  • When should my teen driver be added to my policy?
  • Do I need more liability coverage?
  • Does my policy pay for OEM or aftermarket parts?
  • Do I pay less for low miles?
  • Is my babysitter covered when using my vehicle?
  • Should I buy full coverage?
  • Should I have a commercial auto policy?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.

Insurance coverage ads bend the truth

Insurance coverage companies such as State Farm and Allstate continually stream ads in print and on television. They all seem to make an identical promise about savings after switching your policy. How does each company claim to save you money?

All companies have a certain “appetite” for the type of driver that is profitable for them. For example, a desirable insured could possibly be over the age of 40, has no driving citations, and chooses high deductibles. A customer who meets those qualifications is entitled to the best price and most likely will save when switching.

Potential customers who don’t measure up to this ideal profile will have to pay higher premiums and ends up with business going elsewhere. The ad wording is “people who switch” not “everyone that quotes” save money. This is how insurance companies can make those claims. Because of the profiling, it’s extremely important to get quotes from several different companies. It’s impossible to know which company will fit your personal profile best.

Educate yourself about insurance coverages

Knowing the specifics of your insurance policy can be of help when determining which coverages you need at the best deductibles and correct limits. The terms used in a policy can be ambiguous and coverage can change by endorsement. Shown next are typical coverages found on the average insurance policy.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection from other motorists when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Cadillac Escalade EXT.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Collision protection

This coverage covers damage to your Escalade EXT resulting from a collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims such as crashing into a ditch, scraping a guard rail, colliding with another moving vehicle, rolling your car and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to bring the cost down.

Medical expense coverage

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as rehabilitation expenses, chiropractic care and dental work. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive protection

This pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as falling objects, rock chips in glass, a broken windshield and hail damage. The maximum amount your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Liability coverages

This coverage will cover injuries or damage you cause to a person or their property. It protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.

Liability can pay for claims such as medical services, repair bills for other people’s vehicles and attorney fees. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

In Summary

Cheap 2003 Cadillac Escalade EXT insurance can be sourced online and also from your neighborhood agents, and you need to price shop both to have the best chance of lowering rates. There are still a few companies who may not provide online price quotes and these small insurance companies work with independent agents.

When trying to cut insurance costs, you should never skimp on coverage in order to save money. There are too many instances where drivers have reduced liability coverage limits only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy the best coverage you can find at a price you can afford while not skimping on critical coverages.

You just read many ways to lower your insurance rates. It’s most important to understand that the more price quotes you have, the better your chances of lowering your rates. You may be surprised to find that the lowest priced auto insurance comes from a small mutual company. These smaller insurers may cover specific market segments cheaper compared to the large companies like State Farm or Progressive.

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