Compare 2012 Cadillac Escalade Car Insurance Cost

Did a good deal turn out to be an overpriced insurance policy? Don’t sweat it because there are many drivers thinking the same thing.

You have multiple insurers to pick from, and though it is a good thing to have multiple companies, too many choices makes it more difficult to find the best rates.

It’s a great practice to do price comparisons occasionally because prices are adjusted regularly by insurance companies. If you had the lowest price for Escalade coverage six months ago you can probably find a better rate quote now. Ignore everything you know about insurance because you’re going to learn the quickest way to lower your annual insurance bill.

How to compare insurance coverage quotes

All the larger insurance coverage companies give pricing from their websites. Obtaining pricing is pretty painless because you just enter your personal and coverage information as detailed in the form. After the form is submitted, the system requests your credit score and driving record and gives you a price quote based on these factors. Online quotes helps simplify price comparisons, but the process of having to visit each company’s website and repetitively type in the same information is monotonous and tiresome. But it’s also necessary to get many rate quotes if you want to get a better rate.

There is a better way!

A more efficient way to compare rates uses one form that obtains quotes from more than one company. This type of form saves time, reduces the work, and makes online price comparison much more enjoyable and efficient. Once the form is submitted, it is rated and you can select your choice of the quote results.

If the quotes result in lower rates, it’s easy to complete the application and buy the policy. It can be completed in a matter of minutes and you’ll know if lower rates are available.

To compare rates using this form now, simply click here to open in new window and input your coverage information. To compare your current rates, we recommend you input the coverages identical to your current policy. This guarantees you’re receiving an apples-to-apples comparison based on the exact same insurance coverage.

Save money by taking advantage of discounts

Companies offering auto insurance don’t list every discount they offer in an easy-to-find place, so the list below details a few of the more common and also the lesser-known credits that may apply to you.

  • Pay Now and Pay Less – If you pay your bill all at once rather than spreading payments over time you may reduce your total bill.
  • New Car Discount – Insuring a vehicle that is new is cheaper because new model year vehicles are generally safer.
  • Onboard Data Collection – Policyholders that allow driving data submission to spy on driving patterns by installing a telematics device such as Snapshot from Progressive or Drivewise from Allstate could see a rate decrease if their driving habits are good.
  • Responsible Driver Discounts – Drivers without accidents could pay up to 40% less for Escalade coverage than their less cautious counterparts.
  • Online Discount – Many insurance coverage companies will provide an incentive just for signing your application on the web.
  • Homeowners Savings – Owning your own home or condo may trigger a policy discount on insurance coverage because maintaining a house is proof of financial responsibility.
  • Good Student – Excelling in school can save 20 to 25%. Most companies allow this discount until age 25.
  • Defensive Driving Course – Taking time to complete a safe driver class could possibly earn you a 5% discount depending on where you live.

Don’t be surprised that some of the credits will not apply to the entire cost. Most only cut specific coverage prices like liability, collision or medical payments. So even though you would think all the discounts add up to a free policy, nobody gets a free ride. Any amount of discount will bring down your premiums.

Companies and a summarized list of policyholder discounts are outlined below.

  • American Family offers discounts for TimeAway discount, good student, good driver, mySafetyValet, and Steer into Savings.
  • State Farm may offer discounts for defensive driving training, anti-theft, Steer Clear safe driver discount, passive restraint, and good student.
  • 21st Century offers premium reductions for homeowners, driver training, theft prevention, student driver, automatic seat belts, early bird, and defensive driver.
  • Travelers has savings for payment discounts, hybrid/electric vehicle, good student, continuous insurance, and IntelliDrive.
  • GEICO includes discounts for federal employee, five-year accident-free, air bags, emergency military deployment, and defensive driver.

Double check with every prospective company the best way to save money. A few discounts might not be offered everywhere. To find companies that have a full spectrum of discounts, click here.

Informed consumers can slash their insurance premiums

A large part of saving on insurance coverage is knowing some of the factors that come into play when calculating your policy premiums. If you know what impacts premium levels, this enables informed choices that could help you find lower premium levels.

  • Experienced drivers pay less – More mature drivers are viewed as being more responsible, statistically cause fewer accidents and tend to be get fewer driving tickets.Young drivers are proven to be easily distracted when driving and because of this, their insurance coverage rates are much higher.
  • Credit history impacts premium premiums – Your credit score can be an important factor in determining premium rates. Consumers who have high credit ratings tend to file fewer claims and have better driving records as compared to drivers with poor credit. Therefore, if your credit score is lower than you’d like, you could pay less to insure your 2012 Cadillac Escalade if you clean up your credit.
  • Cheaper premiums with safer cars – Vehicles with high crash test scores tend to be cheaper to insure. Highly rated vehicles reduce the chance of injuries and reduced instances of injuries means lower claim amounts and cheaper rates on your policy.
  • Remove unneeded extra coverages – There are many add-on coverages that can add up on your Escalade policy. Coverage for things like roadside assistance, high-cost glass coverage, and extra equipment coverage could be just wasting money. You may think they are a good idea when discussing your needs, but if you’ve never needed them in the past consider taking them off your policy.
  • Use but don’t abuse your insurance – Companies generally give most affordable rates to insureds who are not frequent claim filers. If you file claims often, you can definitely plan on either higher rates or even cancellation. Auto insurance is intended to be relied upon for claims that you cannot pay yourself.

How much insurance coverage do I need?

When it comes to choosing the best insurance coverage coverage, there is no best way to insure your cars. Everyone’s situation is unique so your insurance needs to address that. Here are some questions about coverages that can help discover if your insurance needs will benefit from professional help.

  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Does coverage extend to Mexico or Canada?
  • Is upholstery damage covered by car insurance?
  • Does my 2012 Cadillac Escalade qualify for pleasure use?
  • Does my personal policy cover me when driving out-of-state?
  • Should I sign the liability waiver when renting a car?
  • How high should my medical payments coverage be?
  • When can my company non-renew my policy?
  • How can I force my company to pay a claim?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area.

The insurance coverage bait and switch

Big name companies like 21st Century, Allstate and State Farm consistently run ads in print and on television. All the ads try to convey promises that people will save if you just switch your insurance coverage policy to them. How does every insurance coverage company charge less that you’re paying now? It’s all in the words they use.

All the different companies give the cheapest rates for the type of driver that earns them a profit. For example, a profitable insured could possibly be a married male, insures multiple vehicles, and the vehicle is rated for pleasure use. Any driver that fits those parameters receive the lowest rate quotes and is almost guaranteed to save when switching.

Potential customers who are not a match for these standards will see higher premium rates which translates to the customer buying from a different company. The ad wording is “customers that switch” not “everyone that quotes” can save as much as they claim. That’s why insurance companies can advertise the savings.

Because every company is different, you need to compare price quotes frequently. You cannot predict with any certainty which company will provide the lowest premium rates.

Car insurance 101

Understanding the coverages of a insurance policy can help you determine the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. Below you’ll find the usual coverages offered by insurance companies.

Liability coverage

Liability coverage will cover damages or injuries you inflict on other’s property or people by causing an accident. This insurance protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

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. As an example, you may have limits of 100/300/100 that translate to a $100,000 limit per person for injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Another option is a combined limit which limits claims to one amount without having the split limit caps.

Liability coverage pays for claims such as structural damage, medical expenses, medical services and repair bills for other people’s vehicles. How much coverage you buy is up to you, but it’s cheap coverage so purchase higher limits if possible.

Collision coverage

This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as hitting a mailbox, crashing into a building, driving through your garage door and damaging your car on a curb. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to increase the deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Usually these coverages are set the same as your liablity limits.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like damage from flooding, hitting a bird, theft, fire damage and a broken windshield. The maximum amount your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses like doctor visits, prosthetic devices, dental work and nursing services. The coverages can be used in conjunction with a health insurance program or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants and also covers being hit by a car walking across the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

One last thing about your coverage

Lower-priced insurance is possible on the web in addition to many insurance agents, so you should be comparing quotes from both to have the best rate selection. A few companies may not provide price quotes online and usually these smaller companies provide coverage only through independent insurance agencies.

As you restructure your insurance plan, it’s not a good idea to skimp on coverage in order to save money. There are many occasions where an accident victim reduced uninsured motorist or liability limits only to discover later that the savings was not a smart move. Your goal is to find the BEST coverage at an affordable rate, but do not skimp to save money.

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