Lower Your 2003 Cadillac Escalade EXT Insurance Quotes

Paying for expensive Cadillac Escalade EXT insurance can diminish your family’s budget and make it tough to pay other bills. Doing a rate analysis is free, only takes a few minutes, and is a good way to cut your insurance bill.

Due to the abundance of options when it comes to insurance, it can be diffult for drivers to find the most affordable insurance provider.

It’s a great practice to do price comparisons occasionally due to the fact that insurance rates are adjusted regularly by insurance companies. Even if you think you had the lowest premium rates on Escalade EXT insurance on your last policy you can probably find a better price now. Forget anything you know (or think you know) about insurance because I’m going to teach you one of the quickest ways to save money, get proper coverage and the best rates.

What determines Cadillac Escalade EXT insurance costs?

An important part of buying insurance is that you know a few of the rating criteria that go into determining your premiums. If you understand what influences your rates, this helps enable you to make changes that will entitle you to much lower annual insurance costs. Lots of things are considered when you quote your car insurance policy. Some are pretty understandable like a motor vehicle report, although others are more transparent like your continuous coverage or how safe your car is.

  • Small coverages can add up – There are a ton of extra bells and whistles that can add up when buying auto insurance. Insurance for coverage for rental cars, towing, and additional equipment coverage are examples of these. They may seem like a good idea when discussing your needs, but your needs may have changed so think about removing them and cutting costs.
  • Prevent coverage lapses – Not having insurance is not a good idea and as a result your rates will increase for letting your coverage lapse. Not only will you pay higher rates, getting caught without coverage could result in fines and jail time. You will then be forced to file a SR-22 with your state motor vehicle department.
  • Drive a safer car and pay less – Vehicles that have high safety ratings tend to have better insurance rates. Safer cars have better occupant injury protection and better occupant protection translates directly to fewer claims which can mean better rates for you.
  • Low comp and collision deductibles can be expensive – Coverage for physical damage, aka comp and collision, is used to repair damage to your vehicle. A few examples of covered claims are a broken windshield, collision with an animal, or theft. Comprehensive and collision coverage deductibles are how much you are willing to pay out-of-pocket if the claim is covered. The more expense the insured is willing to pay, the less your company will charge you for insurance on Escalade EXT insurance.
  • Rates increase with driving citations – How you drive impacts premiums far more than you think. Only having one driving citation could increase your next policy renewal by as much as thirty percent. Drivers who don’t get tickets have lower premiums as compared to careless drivers. Drivers unfortunate enough to have flagrant citations like reckless driving or DUI may need to submit a SR-22 form to the state department of motor vehicles in order to prevent their license from being revoked.
  • Liability insurance limits on your policy – Your auto insurance policy’s liability coverage provides coverage in the event that you are ruled to be at fault for an accident. It will provide you with a defense in court to attempt to prove you were not liable. This coverage is very inexpensive compared to physical damage coverage, so do not skimp.
  • Males tend to take more risk – Over time, data shows that females tend to be a little less risky than males. However, this does not mean men are WORSE drivers than women. Men and women cause accidents in similar percentages, but men get into accidents with more damage. Men also statistically get cited for more serious violations like driving under the influence (DUI). Teenage male drivers are several times more likely to be in an accident and therefore have the most expensive auto insurance rates.

Save a ton by taking advantage of discounts

Some insurers don’t always advertise all available discounts in an easy-to-find place, so the below list has a few of the more well known as well as some of the hidden discounts that you can inquire about if you buy insurance online.

  • Anti-lock Brake System – Cars with ABS and/or traction control have fewer accidents and earn discounts up to 10%.
  • Own a Home – Just being a homeowner can help you save on insurance because maintaining a house means you have a higher level of financial diligence.
  • New Car Discount – Insuring a new car can cost up to 25% less because new vehicles are generally safer.
  • Student Discount for Driver Training – It’s a good idea to have your young drivers sucessfully take a drivers education course in high school.
  • Discounts for Federal Employees – Employees or retirees of the government could qualify for a slight premium decrease on Escalade EXT insurance with some insurance companies.

Please keep in mind that some of the credits will not apply the the whole policy. Most only cut the cost of specific coverages such as comprehensive or collision. Even though it appears you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

Popular insurance companies and the discounts they provide can be read below.

  • Farm Bureau has discounts for good student, multi-policy, renewal discount, 55 and retired, and safe driver.
  • State Farm offers discounts for defensive driving training, safe vehicle, good student, Drive Safe & Save, and accident-free.
  • Progressive may have discounts that include homeowner, good student, online quote discount, multi-policy, multi-vehicle, and online signing.
  • Allstate may offer discounts for new car, EZ pay plan discount, economy car, eSmart discount, good student, and anti-lock brakes.
  • Nationwide discounts include anti-theft, multi-policy, easy pay, Farm Bureau membership, and family plan.
  • MetLife may include discounts for claim-free, defensive driver, good driver, multi-policy, and accident-free.

If you want inexpensive insurance quotes, ask every prospective company to apply every possible discount. Some discounts listed above might not be offered on policies in your area. To locate providers with discount insurance rates, click this link.

Well known brands might not be cheapest

Insurance companies such as Progressive, GEICO, Allstate and State Farm consistently run television, radio, and online ads. They all have a common claim that drivers can save some big amount just by switching your insurance coverage to their company. It sounds good, but how can they all claim to save you money? It’s all in how they say it.

Companies have a preferred profile for the type of customer that earns them a profit. For example, a desirable risk might have to be over the age of 45, has other policies, and has excellent credit. A customer getting a price quote who meets those qualifications gets the lowest rates and will most likely save a lot if they switch.

Drivers who don’t qualify for this stringent profile will have to pay higher premiums which translates to the customer not purchasing. If you pay attention, the ads say “drivers that switch” not “all people who quote” can save as much as they claim. This is how companies can make those statements.

Different companies use different criteria so it’s extremely important to do a rate comparison at every renewal. Because you cannot predict which insurance companies will be your best fit.

How much car insurance do I need?

When it comes to buying adequate coverage, there isn’t really a “perfect” insurance plan. Coverage needs to be tailored to your specific needs so this has to be addressed. For instance, these questions could help you determine whether your personal situation might need professional guidance.

  • Are all vehicle passengers covered by medical payments coverage?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Is there coverage for injuries to my pets?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • How do I file an SR-22 for a DUI in my state?
  • Do I benefit by insuring my home with the same company?
  • Do I need PIP coverage since I have good health insurance?
  • When can I cancel my policy?

If you can’t answer these questions, you may need to chat with a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Auto insurance specifics

Having a good grasp of a auto insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and nobody wants to actually read their policy. Shown next are typical coverages found on the average auto insurance policy.

Medical expense insurance

Medical payments and Personal Injury Protection insurance kick in for expenses like doctor visits, chiropractic care and surgery. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Auto liability insurance

This coverage protects you from damage or injury you incur to a person or their property by causing an accident. This coverage protects you against other people’s claims, and 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. Your policy might show liability limits of 100/300/100 which means a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for claims such as court costs, loss of income, bail bonds and emergency aid. How much coverage you buy is up to you, but buy as high a limit as you can afford.

Protection from uninsured/underinsured drivers

This protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your 2003 Cadillac Escalade EXT.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Auto collision coverage

This will pay to fix damage to your Escalade EXT from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as rolling your car, crashing into a building and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Another option is to raise the deductible to save money on collision insurance.

Comprehensive (Other than Collision)

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as theft, falling objects, fire damage, damage from a tornado or hurricane and a tree branch falling on your vehicle. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

A penny saved is a penny earned

As you shop your coverage around, you should never skimp on critical coverages to save a buck or two. There are too many instances where drivers have reduced liability coverage limits only to regret that a couple dollars of savings turned into a financial nightmare. The aim is to buy the best coverage you can find at the best price but still have enough coverage for asset protection.

We covered many ways to reduce 2003 Cadillac Escalade EXT insurance rates online. It’s most important to understand that the more quotes you get, the higher your chance of finding cheaper insurance. You may even discover the best rates are with some of the smallest insurance companies. Smaller companies can often insure niche markets at a lower cost than their larger competitors like Allstate or State Farm.

Cheaper insurance is attainable on the web as well as from insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance companies don’t offer rates over the internet and these small insurance companies prefer to sell through local independent agencies.

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