2007 Cadillac Escalade EXT Insurance Quotes

Having to pay for overpriced Cadillac Escalade EXT insurance can drain your personal savings and put a big crunch on your finances. Comparing price quotes is a great way to make sure you’re not throwing money away. Insurance companies such as GEICO, 21st Century and Progressive continually bombard you with catchy ads and it is difficult to see through the deception and do the work needed to find the best deal.

Lots of discounts mean lots of savings

Companies offering auto insurance don’t always publicize all their discounts in an easy-to-find place, so the following is a list of some of the more common as well as the least known ways to save on car insurance. If they aren’t giving you every credit available, you’re paying more than you need to.

  • Discount for Good Grades – A discount for being a good student can save 20 to 25%. The discount lasts well after school through age 25.
  • Military Discounts – Having a family member in the military can result in better rates.
  • Homeowners Savings – Owning a home may trigger a car insurance policy discount because maintaining a house demonstrates responsibility.
  • Seat Belt Usage – Buckling up and requiring all passengers to use a seat belt can save up to 15% off your PIP or medical payments premium.
  • Drive Safe and Save – Safe drivers may save up to 50% more on Escalade EXT insurance than drivers with accident claims.
  • Passive Restraints – Factory air bags or motorized seat belts can receive discounts of 20% or more.
  • E-sign – A few companies may give you up to $50 just for signing your application digitally online.
  • Auto/Life Discount – Select insurance companies reward you with lower rates if you buy a life insurance policy as well.
  • New Car Discount – Adding a new car to your policy is cheaper because new vehicles have to meet stringent safety requirements.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class in school.

Drivers should understand that most discount credits are not given to the overall cost of the policy. Some only apply to the price of certain insurance coverages like comp or med pay. So even though they make it sound like you would end up receiving a 100% discount, companies wouldn’t make money that way.

To see a list of providers offering car insurance discounts, click here.

Why your Cadillac Escalade EXT insurance rates may be high

An important part of buying insurance is that you know some of the elements that go into determining your insurance rates. Knowing what impacts premium levels empowers consumers to make smart changes that may reward you with much lower annual insurance costs.

  • High credit ratings translate to low rates – Having a bad credit score is a huge factor in determining your rates. Drivers with good credit tend to file fewer claims and have better driving records as compared to drivers with lower ratings. Therefore, if your credit is low, you could save money insuring your 2007 Cadillac Escalade EXT by spending a little time repairing your credit.
  • Traffic violations increase rates – Your driving citation history impacts your car insurance rates tremendously. Just one ticket may increase your cost by as much as thirty percent. Drivers with clean records tend to pay less for car insurance compared to drivers with tickets. Drivers who have flagrant citations such as hit and run, DWI or reckless driving convictions may need to submit a SR-22 form with the DMV in their state in order to keep their license.
  • Do men or women drive better? – Statistics demonstrate women tend to be less risk to insure than men. That doesn’t necessarily mean that men are worse drivers. They both have accidents at a similar rate, but men cause more damage. Men also get cited for more serious violations like reckless driving and DUI. Male drivers age 16 to 19 are the most expensive to insure and therefore have the most expensive insurance rates.
  • Never allow your policy to lapse – Driving with no insurance can get your license suspended and your next policy will cost more because you let your coverage have a gap. And not only will your rates increase, failure to provide proof of insurance will get you a revoked license or a big fine.
  • Higher deductibles cost less – The deductibles represent how much money you are willing to pay out-of-pocket before your insurance pays a claim. Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. A few examples of covered claims are colliding with a building, damage from fire, and windstorm damage. The more money you have to pay, the bigger discount you will receive on Escalade EXT insurance.
  • Keep rates low by being claim-free – Car insurance companies provide better rates to policyholders who file claims infrequently. If you are a frequent claim filer, you can definitely plan on higher rates. Auto insurance is designed for larger claims.
  • Safe vehicles cost less to insure – Vehicles with high crash test scores are cheaper to insure. The safest vehicles result in less severe injuries and lower injury rates translates into savings for insurance companies and thus lower rates. If your Cadillac has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.
  • Special features that cut premiums – Choosing a vehicle with anti-theft technology or alarm system can save you a little every year. Anti-theft devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart car theft.

Situations that might require an agent

When it comes to buying proper insurance coverage for your personal vehicles, 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. For example, these questions may help highlight if your situation could use an agent’s help.

  • Can my teen driver be rated on a liability-only vehicle?
  • Am I covered when driving someone else’s vehicle?
  • Is my cargo covered for damage or theft?
  • Why am I required to get a high-risk car insurance policy?
  • What is medical payments coverage?
  • How can I get my company to pay me more for my totalled car?
  • When should I remove comp and collision on my 2007 Cadillac Escalade EXT?
  • What is the minimum liability in my state?
  • Does my personal policy cover me when driving out-of-state?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.

Car insurance ads bend the truth

Drivers get pounded daily by advertisements for the lowest price auto insurance from the likes of State Farm and Allstate. They all seem to have a common claim of big savings if you switch your coverage to them.

How can each company say the same thing? It’s all in the numbers.

Insurance companies have a preferred profile for the type of customer they prefer to insure. A good example of a profitable customer could possibly be a mature driver, is a homeowner, and drives less than 10,000 miles a year. A driver who meets those qualifications receives the best rates and therefore will save quite a bit of money when switching.

Drivers who don’t meet these standards will have to pay higher premiums which usually ends up with business going elsewhere. The ads say “customers that switch” but not “drivers who get quotes” save that much money. That’s the way companies can truthfully make those claims. Because of the profiling, you absolutely need to get a wide range of price quotes. It’s impossible to know which car insurance company will give you the biggest savings on Cadillac Escalade EXT insurance.

Auto insurance coverage information

Having a good grasp of auto insurance can help you determine which coverages you need and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverage types offered by auto insurance companies.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like fire damage, damage from a tornado or hurricane, a broken windshield and rock chips in glass. The most your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured Motorist or Underinsured Motorist insurance – This coverage gives you protection from other motorists when they either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your Cadillac Escalade EXT.

Since 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 very important.

Insurance for medical payments – Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for things like pain medications, hospital visits, funeral costs and X-ray expenses. They can be used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Collision – Collision coverage covers damage to your Escalade EXT resulting from a collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like damaging your car on a curb, sustaining damage from a pot hole and hitting a parking meter. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. You can also choose a higher deductible to save money on collision insurance.

Coverage for liability – Liability insurance can cover damage that occurs to a person or their property that is your fault. This insurance protects YOU against claims from other people. Liability doesn’t cover 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. As an example, you may have limits of 25/50/25 that means you have a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability coverage pays for things like bail bonds, attorney fees, emergency aid and court costs. How much coverage you buy is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Compare but don’t skimp

Throughout this article, we presented a lot of tips how to compare 2007 Cadillac Escalade EXT insurance prices online. It’s most important to understand that the more providers you compare, the better your chances of lowering your rates. Consumers could even find that the lowest priced insurance coverage comes from a small mutual company. These companies may often insure only within specific states and give getter rates than their larger competitors like Allstate and Progressive.

As you prepare to switch companies, do not skimp on coverage in order to save money. In many cases, someone sacrificed physical damage coverage only to regret that saving that couple of dollars actually costed them tens of thousands. Your goal should be to purchase plenty of coverage for the lowest price.

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