How Much Does 2002 Cadillac Escalade EXT Insurance Cost?

Trying to find better insurance rates? Buyers have many options when searching for low-cost Cadillac Escalade EXT insurance. They can either waste time struggling with agents to get rate comparisons or utilize the internet to make rate comparisons. There is a right way and a wrong way to buy insurance so we’re going to tell you the best way to get price quotes for a new or used Cadillac and obtain the best price possible.

It is always a good idea to compare prices at least once a year since rates are constantly changing. Even if you got the best deal for Escalade EXT coverage a year ago the chances are good that you can find a lower price today. Forget all the misinformation about insurance because it’s time to teach you the right way to find lower rates on insurance.

How much does car insurance cost?

Reducing your 2002 Cadillac Escalade EXT insurance rates is actually easier than you may think. The only requirement is to take a few minutes comparing price quotes online with multiple companies. It’s really simple and can be done using a couple different methods.

  1. The recommended way consumers can analyze rates is to use a rate comparison form (click to open form in new window). This quick form saves time by eliminating repetitive form submissions for every car insurance company. Taking the time to complete one form will get you price quotes from car insurance companies with the best prices. Recommended for those who want to invest the least amount of time.
  2. A different way to get comparison quotes is to take the time to go to each company’s website to request a price quote. For sake of this example, let’s assume you want to compare prices for Farmers, State Farm and American Family. In order to compare rates, you need to spend time on each company’s site and repeatedly enter your information, which can get rather old.

    For a list of links to companies insuring cars in your area, click here.

Take whichever approach you prefer, but make sure you are using apples-to-apples coverages on every price quote you get. If each company quotes different data you can’t possibly decipher which rate is best.

Auto insurance companies offer many types of discounts

Insurance can cost an arm and a leg, but there could be available discounts that can drop the cost substantially. Larger premium reductions will be automatically applied at quote time, but lesser-known reductions have to be requested specifically before they will apply.

  • Accident Free – Insureds with no claims or accidents can save substantially when compared to frequent claim filers.
  • Pay Upfront and Save – If you pay your bill all at once rather than spreading payments over time you can avoid monthly service charges.
  • Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a discount if you purchase some life insurance too.
  • Active Military Service – Having a family member in the military may lower your premium rates slightly.
  • Student Discount for Driver Training – Have your child participate in a local driver’s education class in school or through a local driver safety program.
  • Theft Deterent System – Vehicles that have factory alarm systems and tracking devices are less likely to be stolen and will save you 10% or more.
  • Resident Student – Children who attend college more than 100 miles from home and do not have a car can be insured at a reduced rate.

You should keep in mind that most credits do not apply the the whole policy. A few only apply to individual premiums such as liability and collision coverage. Even though it may seem like it’s possible to get free car insurance, you aren’t that lucky.

A few of the larger companies and a selection of discounts are shown below.

  • Progressive has discounts for continuous coverage, multi-vehicle, homeowner, good student, online signing, and online quote discount.
  • GEICO has savings for federal employee, anti-theft, multi-policy, military active duty, and five-year accident-free.
  • State Farm offers discounts including driver’s education, Drive Safe & Save, multiple policy, safe vehicle, and multiple autos.
  • Esurance offers premium reductions for anti-theft, anti-lock brakes, Switch & Save, paid-in-full, safety device, and homeowner.
  • The Hartford includes discounts for air bag, anti-theft, good student, vehicle fuel type, and defensive driver.

It’s a good idea to ask each company which discounts you may be entitled to. Savings may not be available in your area. For a list of auto insurance companies that have a full spectrum of discounts, follow this link.

Do I just need basic coverages?

When buying coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s.

For example, these questions might point out if your situation might need an agent’s assistance.

  • Is business property covered if stolen from my car?
  • Am I better off with higher deductibles on my 2002 Cadillac Escalade EXT?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • How do I file an SR-22 for a DUI in my state?
  • Why do I only qualify for high-risk insurance?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, complete this form. It is quick, free and can help protect your family.

Insurance specifics

Understanding the coverages of a insurance policy aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be confusing and coverage can change by endorsement.

Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants as well as damage to your Cadillac Escalade EXT.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Comprehensive coverage – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as a tree branch falling on your vehicle, rock chips in glass, falling objects and hitting a deer. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Coverage for liability – This provides protection from damage or injury you incur to other people or property by causing an accident. This coverage protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability insurance covers claims like funeral expenses, medical expenses and bail bonds. How much liability coverage do you need? That is up to you, but you should buy as much as you can afford.

Collision – This coverage pays to fix your vehicle from damage resulting from a collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like sideswiping another vehicle, colliding with another moving vehicle and hitting a parking meter. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Medical payments coverage and PIP – Med pay and PIP coverage pay for bills for doctor visits, EMT expenses, funeral costs and rehabilitation expenses. The coverages can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers you and your occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Quote more, save more

As you go through the steps to switch your coverage, do not reduce needed coverages to save money. There are a lot of situations where someone sacrificed comprehensive coverage or liability limits only to find out that it was a big mistake. Your focus should be to purchase a proper amount of coverage for the lowest price but still have enough coverage for asset protection.

Insureds switch companies for many reasons like unfair underwriting practices, lack of trust in their agent, denial of a claim or even questionable increases in premium. Regardless of your reason for switching companies, switching insurance coverage companies is pretty easy and you might even save some money in the process.

In this article, we presented a lot of techniques to lower your 2002 Cadillac Escalade EXT insurance rates. The key concept to understand is the more rate quotes you have, the better likelihood of getting the cheapest auto insurance. You may even find the lowest rates are with some of the lesser-known companies.

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