2003 Cadillac Escalade Insurance Quotes – 7 Tricks for Cheaper Rates

Looking for the cheapest insurance rates for your Cadillac Escalade? Cutting costs on Driversinsurance might be nearly impossible for drivers not familiar with comparison shopping online. There are so many agents and companies to choose from that it can be a real difficult job to find the perfect company for you.

The best way we recommend to compare insurance rates from multiple companies is to know the fact most larger insurance companies will pay a fee to give you rate quotes. To get started, all you need to do is provide a little information like if you lease or own, your education level, your job, and if you require a SR-22. The rating information is instantly submitted to multiple top-rated companies and they return quotes instantly.

Ads can be misleading

Progressive, GEICO, Allstate and State Farm endlessly run television and radio advertisements. They all advertise claims about savings just by switching your car insurance policy to them. How do they all offer you a better deal? It’s all in the wording.

All the different companies have strict underwriting profiles for the type of customer that will not have excessive claims. One example of a desirable risk should be a married male, has never had a claim, and the vehicle is rated for pleasure use. Any new insured that hits that “sweet spot” will get very good auto insurance rates and will save when switching.

Consumers who fall outside these stringent criteria will have to pay a higher premium and this can result in business not being written. If you pay attention, the ads say “people who switch” but not “all drivers who get quotes” save that much money. That’s why insurance companies can confidently advertise the savings. This really drives home the point why drivers should compare free auto insurance quotes often. It is just not possible to predict which car insurance company will have the lowest rates for your situation.

Seven discounts for cheap insurance rates

Insurance can be prohibitively expensive, but there’s a good chance there are discounts that many consumers don’t even know exist. Certain credits will be shown when you get a quote, but a few must be specifically requested before you will receive the discount.

  • Data Collection Discounts – Drivers who agree to allow their insurance company to monitor driving habits by using a small device installed in their vehicle such as State Farm’s In-Drive may get a rate reduction if they show good driving skills.
  • Theft Deterent Discount – Cars, trucks, and SUVs optioned with advanced anti-theft systems can help prevent theft and will save you 10% or more.
  • Discount for Life Insurance – Companies who offer life insurance give a discounted insurance rate on car insurance if you buy auto and life insurance together.
  • New Car Discount – Insuring a new car may earn a small discount because newer models keep occupants safer.
  • Employee of Federal Government – Federal government employees could cut as much as 10% off for Escalade coverage depending on your insurance provider.
  • Good Student – Being a good student may save as much as 25% on a auto insurance quote. The discount lasts up to age 25.
  • Drivers Education – Require your teen driver to take driver’s ed class in school or through a local driver safety program.

A little disclaimer on discounts, most credits do not apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like comprehensive or collision. Just because you may think having all the discounts means you get insurance for free, it just doesn’t work that way. Any amount of discount will cut your policy premiums.

If you would like to view insurance companies with the best discounts, click here.

Tailor your auto insurance coverage to you

When it comes to choosing the right insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Everyone’s situation is unique.

For example, these questions can help discover if your insurance needs could use an agent’s help.

  • Am I covered when delivering products for my home-based business?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Am I covered when driving someone else’s vehicle?
  • Can I afford low physical damage deductibles?
  • Why do I only qualify for high-risk insurance?
  • When should my teen driver be added to my policy?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. To find an agent in your area, simply complete this short form.

Auto insurance 101

Learning about specific coverages of your insurance policy can help you determine appropriate coverage and the correct deductibles and limits. Policy terminology can be ambiguous and nobody wants to actually read their policy.

Auto collision coverage

This coverage pays for damage to your Escalade from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like driving through your garage door, hitting a parking meter, colliding with another moving vehicle, colliding with a tree and sideswiping another vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to raise the deductible to bring the cost down.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills such as rehabilitation expenses, hospital visits, EMT expenses, doctor visits and pain medications. They are used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Coverage for liability

This will cover damage or injury you incur to other people or property. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 25/50/25 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability coverage pays for claims such as structural damage, emergency aid, loss of income, repair costs for stationary objects and court costs. The amount of liability coverage you purchase is a personal decision, but consider buying as much as you can afford.

Comprehensive auto coverage

This coverage covers damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as falling objects, hail damage, damage from flooding and hitting a deer. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Cadillac Escalade.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.

Make a quick buck

When shopping online for car insurance, make sure you don’t buy lower coverage limits just to save a few bucks. In many instances, consumers will sacrifice comprehensive coverage or liability limits to discover at claim time that they should have had better coverage. Your focus should be to purchase plenty of coverage for the lowest cost but still have enough coverage for asset protection.

You just read many tips how you can save on 2003 Cadillac Escalade insurance. It’s most important to understand that the more price quotes you have, the better likelihood of getting inexpensive auto insurance. You may even find the lowest auto insurance rates come from some of the lesser-known companies.

People leave their current company for many reasons like poor customer service, unfair underwriting practices, high prices and even denial of a claim. Regardless of your reason for switching companies, switching car insurance companies can be easy and end up saving you some money.

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