Searching for the cheapest auto insurance rates for your Cadillac Escalade? Are you irritated from not being able to afford to buy auto insurance? You have the same problem as most other people. There is such a variety of insurers to insure vehicles with, and though it is a good thing to have multiple companies, having more insurers makes it harder to find a good deal.
Finding the best rates is not that difficult. If you have a policy now or are shopping for new coverage, you can use these techniques to reduce the price you pay and possibly find even better coverage. Vehicle owners just need to learn the best way to shop their coverage around online.
Comparing car insurance rates can take hours if you aren’t aware of the easiest way. You can waste hours talking about coverages with local insurance agents in your area, or you could save time and use online quotes for quick rates.
Most major companies belong to a marketplace where prospective buyers enter their coverage request one time, and each participating company can give them a price based on that data. This saves time by eliminating quote requests to each individual car insurance company.
To find out what other companies charge click here (opens in new window).
The one disadvantage to doing it this way is that you can’t choose which carriers you want pricing from. So if you want to select from a list of companies to request quotes from, we have a page of car insurance companies in your area. Click to view list.
It’s up to you how you get prices quotes, just make sure you compare exactly the same coverage limits and deductibles with every price quote. If each company quotes different liability limits it will be very difficult to make a fair comparison for your Cadillac Escalade.
Some insurers don’t necessarily list all available discounts in a way that’s easy to find, so we break down some of the best known and also the lesser-known discounts that you may qualify for. If you’re not getting every credit possible, you may be paying too high a price.
As a disclaimer on discounts, most discount credits are not given to the overall cost of the policy. Most only reduce the cost of specific coverages such as medical payments or collision. Just because it seems like you can get free auto insurance, insurance companies wouldn’t stay in business.
To find insurers with the best discounts, click here.
When choosing the right insurance coverage, there is no perfect coverage plan. Everyone’s situation is a little different so your insurance needs to address that. For instance, these questions could help you determine if your situation might need professional guidance.
If you can’t answer these 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, complete this form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.
Knowing the specifics of your insurance policy helps when choosing the right coverages 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 coverages found on most insurance policies.
Collision insurance pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision can pay for claims such as hitting a mailbox, scraping a guard rail, backing into a parked car, driving through your garage door and hitting a parking meter. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible to get cheaper collision coverage.
Protection from uninsured/underinsured drivers
This provides protection when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family as well as your vehicle’s damage.
Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.
This coverage can cover damage that occurs to other’s property or people. This insurance protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 25/50/25 that means you have $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability coverage protects against claims like attorney fees, loss of income, repair costs for stationary objects, medical expenses and repair bills for other people’s vehicles. The amount of liability coverage you purchase is your choice, but buy as much as you can afford.
Medical expense insurance
Coverage for medical payments and/or PIP pay for immediate expenses for EMT expenses, dental work, doctor visits and prosthetic devices. The coverages can be used in conjunction with a health insurance plan or if you do not have health coverage. They cover you and your occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay
Comprehensive (Other than Collision)
This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims like hitting a bird, falling objects and hail damage. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.