Cheap 2008 Cadillac Escalade ESV Insurance Rates

Want better car insurance rates for your Cadillac Escalade ESV? Trying to come up with a payment for overpriced car insurance can dwindle your funds, especially in this economy. Price shopping at each renewal is recommended to ensure you are getting the best deal.

With people having so many different company options, it can be diffult for drivers to pick the best car insurance company.

Finding the best rates is not rocket science. Essentially everyone who has to buy car insurance most likely will be able to find lower rates. Nevertheless, consumers do need to know how the larger insurance companies market insurance on the web and use this information to your advantage.

Get cheap insurance with discounts

Insuring your fleet can be pricey, but you may qualify for discounts to cut the cost considerably. Many of these discounts will be applied automatically when you quote, but some must be inquired about before you get the savings. If you’re not getting every credit possible, you are not getting the best rate possible.

  • No Accidents – Good drivers with no accidents pay much less compared to drivers with a long claim history.
  • Homeowners Discount – Just owning your own home may earn you a small savings because of the fact that having a home means you have a higher level of financial diligence.
  • Life Insurance – Some insurance companies give a small discount if you purchase some life insurance too.
  • Renewal Discounts – Some larger companies reward drivers for buying a policy before your current expiration date. It’s a savings of about 10%.
  • Use Seat Belts – Drivers who require all vehicle occupants to wear their seat belts may be able to save a few bucks off the PIP or medical payment premium.

Please keep in mind that most discount credits are not given to the overall cost of the policy. Most only reduce the cost of specific coverages such as liability and collision coverage. Even though it may seem like you can get free auto insurance, it doesn’t quite work that way.

A list of companies and their possible discounts can be found below.

  • Farm Bureau may offer discounts for good student, youthful driver, multi-vehicle, 55 and retired, driver training, safe driver, and renewal discount.
  • Liberty Mutual offers discounts for exclusive group savings, preferred payment discount, new vehicle discount, hybrid vehicle, and newly retired.
  • State Farm discounts include student away at school, Drive Safe & Save, Steer Clear safe driver discount, defensive driving training, multiple policy, accident-free, and multiple autos.
  • Auto-Owners Insurance may have discounts that include group or association, good student, mature driver, multiple vehicles, multi-policy, safe vehicle, and company car.
  • GEICO has savings for membership and employees, military active duty, defensive driver, five-year accident-free, and anti-theft.
  • SAFECO policyholders can earn discounts including bundle discounts, multi-car, accident prevention training, teen safe driver, anti-lock brakes, and homeowner.

It’s a good idea to ask every insurance company which credits you are entitled to. Depending on the company, some discounts may not apply to policies everywhere. To see insurance companies that offer discounts, click here to view.

How to compare auto insurance quotes

Effectively comparing auto insurance prices can be exhausting if you don’t understand the best way to get rate quotes. You could spend the better part of a day driving to insurance agencies in your area, or you could use the internet to quickly compare rates.

The majority of car insurance companies participate in an industry program that allows shoppers to submit one quote, and each company then returns a price quote based on that data. This saves time by eliminating quote requests to every company. To get comparison pricing now click to open in new window.

The one disadvantage to getting quotes like this is you don’t know exactly the companies you will receive quotes from. If you wish to select specific insurance companies to compare, we have assembled a list of companies who write auto insurance in your area. Click to view list.

Compare rates however you want, just make sure you use exactly the same quote information for each quote you get. If you compare different limits and deductibles on each one it’s not possible to make a fair comparison for your Cadillac Escalade ESV. Just a small difference in coverage limits may cause a big price difference. Just remember that quoting more helps improve the odds of finding more affordable rates.

Why your insurance prices might be higher

Many different elements are used in the calculation when quoting car insurance. Most are fairly basic like an MVR report, but other factors are more obscure like your continuous coverage or how safe your car is.Part of the insurance coverage buying process is learning the different types of things that are used to determine the rates you pay for insurance coverage. When you know what positively or negatively determines base rates, this enables you to make decisions that could help you find lower rates.

Listed below are a few of the things used by companies to determine your rate level.

  • How much liability protection do you need? – Your insurance coverage policy’s liability coverage will protect you if ever a jury decides you are liable for damages caused by your negligence. Liability insurance provides for a legal defense to attempt to prove you were not liable. This coverage is relatively inexpensive when compared to the cost of physical damage coverage, so insureds should have plenty of protection for their assets.
  • Teenagers vs. older drivers – Beginning drivers are proven to be inattentive when at the wheel of a vehicle and because of this, their insurance coverage rates are much higher. More mature drivers have been proven to be more responsible, cause fewer claims and accidents , and are generally more financially stable.
  • Rates increase with driving citations – Getting just one moving violation can increase the cost of insurance forty percent or more. Drivers with clean records pay lower auto insurance prices compared to bad drivers. Drivers unfortunate enough to have multiple tickets like hit and run, DWI or reckless driving convictions may need to maintain a SR-22 with their state’s department of motor vehicles in order to continue driving.
  • Cheaper rates with high physical damage deductibles – Deductibles for physical damage are the amount of money you are required to spend out-of-pocket before a claim is paid by your company. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Examples of covered claims would be rearending another vehicle, collision with a deer, and damage from wind. The larger the amount you have to pay, the less money you will pay for insurance coverage on Escalade ESV coverage.
  • Cut prices and deter theft – Choosing to buy a car that has an advanced theft prevention system can get you a discount on your insurance coverage. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help stop your vehicle from being stolen.

Tailor your insurance coverage to you

When buying adequate coverage, there really is no “perfect” insurance plan. Every situation is different so your insurance should reflect that Here are some questions about coverages that might help in determining if your situation might need professional guidance.

  • Can I make deliveries for my home business?
  • Are my tools covered if they get stolen from my vehicle?
  • How much can I save by bundling my policies?
  • Is business equipment covered while in my vehicle?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • When should I remove comp and collision on my 2008 Cadillac Escalade ESV?
  • Do I need more liability coverage?
  • What is UM/UIM insurance?
  • Should I have combined single limit or split liability limits?
  • Does coverage extend to my business vehicle?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies.

Advertising myths

Popular insurance providers such as Allstate, GEICO and Progressive endlessly run television and radio advertisements. They all seem to say the same thing that people will save if you switch your policy. How is it plausible that every one can charge you less for car insurance? It’s all in the wording.

Insurance companies have specific characteristics for the type of driver that will most likely be profitable. A good example of a preferred risk could be over the age of 50, carries full coverage, and has a short commute. Any new insured that hits that “sweet spot” receives the best prices and therefore will save when switching.

Drivers who don’t qualify for those standards will get a higher premium and the customer not buying. The wording the ads use say “drivers that switch” not “everybody who quotes” save that kind of money. That’s the way companies can truthfully advertise the savings. This really illustrates why you should compare free insurance quotes often. It is impossible to predict the company that will have the lowest rates.

Information about specific coverages

Having a good grasp of your insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Shown next are the usual coverages available from insurance companies.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Cadillac Escalade ESV.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as a tree branch falling on your vehicle, fire damage and falling objects. The most your insurance company will pay is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Coverage for medical payments

Med pay and PIP coverage reimburse you for immediate expenses like surgery, X-ray expenses, pain medications and dental work. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverage

Collision coverage will pay to fix damage to your Escalade ESV resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as damaging your car on a curb, hitting a mailbox and scraping a guard rail. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Liability insurance

Liability coverage provides protection from damages or injuries you inflict on other people or property by causing an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability coverage pays for things such as structural damage, repair bills for other people’s vehicles, attorney fees, legal defense fees and court costs. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.

The bottom line

Low-cost 2008 Cadillac Escalade ESV insurance can be found online and with local insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance providers may not have online price quotes and most of the time these regional insurance providers work with independent insurance agencies.

You just learned some good ideas how you can get a better price on 2008 Cadillac Escalade ESV insurance. The key thing to remember is the more you quote insurance, the better chance you’ll have of finding inexpensive insurance. You may even discover the lowest priced insurance comes from some of the lesser-known companies. They often have lower rates on specific markets as compared to the big name companies such as State Farm or Progressive.

Much more information about insurance is available at the links below