Lower Your 2015 Cadillac Escalade Insurance Rates

Searching for cheaper car insurance rates for your Cadillac Escalade? Nobody looks forward to buying car insurance, in particular when the cost is way too high.

With consumers having so many insurance companies to choose from, it is very difficult to find the lowest cost car insurance company.

You should take the time to shop coverage around before your policy renews since rates are usually higher with each renewal. Even if you got the lowest rates on Escalade insurance on your last policy the chances are good that you can find a lower rate today. So just forget anything you know (or think you know) about car insurance because I’m going to teach you the right way to reduce your cost while increasing coverage.

Cadillac Escalade insurance rates consist of many parts

It’s important that you understand some of the elements that come into play when calculating the price you pay for insurance coverage. Understanding what controls the rates you pay helps enable you to make changes that will entitle you to lower insurance coverage prices.

The list below includes a partial list of the pieces that factor into prices.

  • Low deductibles can be expensive – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Cadillac. Some instances where coverage would apply are a windshield shattered by a rock, collision with an animal, and burglary. The deductibles are how much you are required to spend out-of-pocket if you file a covered claim. The more money you are required to pay out-of-pocket, the bigger discount you will receive on Escalade insurance.
  • Do you work long hours in a high stress job? – Occupations like real estate brokers, architects and accountants have higher rates than average in part from job stress and long work days. On the flip side, occupations such as farmers, athletes and retirees get better rates on Escalade insurance.
  • Clean credit earns discounts – Credit score is a large factor in your rate calculation. People with excellent credit tend to be more responsible than drivers who have lower credit scores. If your credit is low, you could be paying less to insure your 2015 Cadillac Escalade by repairing your credit.
  • Having a spouse can save you money – Getting married can get you a discount when buying insurance coverage. Having a spouse is viewed as being more mature than a single person it has been statistically shown that married drivers get in fewer accidents.
  • Never go without insurance – Driving with no insurance is illegal and insurance coverage companies will penalize you for letting your coverage have a gap. And not only will insurance be more expensive, but being ticketed for driving with no insurance can result in a hefty fine and possibly a revoked license.
  • Women pay lower rates – Statistics show that women are safer drivers than men. However, this does not mean women are BETTER drivers than men. They both are in accidents in similar numbers, but the males have costlier accidents. They also get more serious tickets like reckless driving and DUI. Young males are several times more likely to be in an accident and are penalized with high insurance coverage rates.

Pay less by taking advantage of discounts

Companies offering auto insurance do not advertise every available discount very clearly, so we took the time to find both the well known as well as the least known insurance savings.

  • Use Seat Belts – Buckling up and requiring all passengers to buckle their seat belts could cut 10% or more off your PIP or medical payments premium.
  • Pay Now and Pay Less – If you pay your bill all at once instead of monthly or quarterly installments you could save 5% or more.
  • Anti-theft Discount – Cars that have factory anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
  • No Charge for an Accident – A few companies allow you one accident without raising rates if your claims history is clear for a set time period.
  • Discount for Good Grades – Performing well in school can save 20 to 25%. Earning this discount can benefit you up until you turn 25.
  • Passive Restraint Discount – Cars that have air bags and/or automatic seat belt systems can qualify for discounts of 20% or more.
  • Drive Less and Save – Driving fewer miles could be rewarded with a substantially lower rate.
  • Federal Employees – Employees or retirees of the government can earn a discount up to 10% on Escalade insurance with select insurance companies.
  • No Claims – Drivers with accident-free driving histories can save substantially when compared with accident-prone drivers.

As a disclaimer on discounts, many deductions do not apply the the whole policy. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. So when the math indicates having all the discounts means you get insurance for free, you won’t be that lucky.

For a list of insurers who offer insurance discounts, click here to view.

Your coverage should be tailored to you

When buying adequate coverage, there really is not a perfect coverage plan. Every situation is different so your insurance should reflect that Here are some questions about coverages that may help you determine if your insurance needs would benefit from professional advice.

  • Should I waive the damage coverage when renting a car?
  • Do I need an umbrella policy?
  • What if I owe more than I can insure my car for?
  • Do I need roadside assistance coverage?
  • What is covered by UM/UIM coverage?
  • Do I need more liability coverage?
  • When should I drop full coverage on my 2015 Cadillac Escalade?

If you can’t answer these questions, then you may want to think about talking to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of insurance companies in your area.

Car insurance coverage information

Having a good grasp of a insurance policy aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Below you’ll find typical coverage types available from insurance companies.

Medical payments coverage and PIP – Med pay and PIP coverage reimburse you for short-term medical expenses such as hospital visits, doctor visits, funeral costs and dental work. The coverages can be used in conjunction with a health insurance program or if you are not covered by health insurance. It covers you and your occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Collision coverages – Collision insurance will pay to fix damage to your Escalade resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision can pay for things like sideswiping another vehicle, colliding with another moving vehicle and hitting a parking meter. Collision is rather expensive coverage, so consider dropping it from older vehicles. It’s also possible to increase the deductible to bring the cost down.

Coverage for liability – This provides protection from injuries or damage you cause to other’s property or people in an accident. It protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 100/300/100 which stand for a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for claims such as loss of income, funeral expenses, legal defense fees and pain and suffering. How much liability coverage do you need? That is a personal decision, but consider buying as large an amount as possible.

Comprehensive coverage – Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like a tree branch falling on your vehicle, a broken windshield, hitting a deer and fire damage. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage provides protection when other motorists do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your Cadillac Escalade.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

Don’t throw your cash in the trash

As you prepare to switch companies, make sure you don’t reduce coverage to reduce premium. In many cases, an accident victim reduced collision coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your aim should be to buy a smart amount of coverage at an affordable rate.

Cost effective 2015 Cadillac Escalade insurance is definitely available both online and with local insurance agents, so you should be comparing quotes from both to have the best selection. A few companies do not offer you the ability to get quotes online and many times these small insurance companies only sell through independent insurance agents.

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