Save on 2003 Cadillac Escalade ESV Car Insurance Rates

Searching for low-cost insurance for a new or used Cadillac Escalade ESV could be difficult, but you can learn the following methods to make it easier. There are both good and bad ways to compare insurance rates so we’re going to tell you the quickest way to compare rates on a Cadillac and locate the cheapest rates either online or from local insurance agents.

If you have insurance now or are looking for a new policy, you can use these techniques to shop for the lowest rates while maintaining coverages. Finding cheaper insurance coverage coverage is not that difficult. Drivers just need to understand the proper methods to compare rates online.

Comprehensive Car Insurance Comparison

Finding cheaper 2003 Cadillac Escalade ESV car insurance prices isn’t really that difficult. You just need to take a couple of minutes comparing price quotes online from several insurance companies. This can be done using a couple different methods.

  1. The easiest and least time consuming way to get the best comparison quotes would be an industry-wide quote request form like this one (opens in new window). This form prevents you from having to do a different quote for every car insurance company. Just one form will return quotes from several companies. Just one form and you’re done.
  2. A different way to compare rate quotes is to manually visit each company’s website to complete their respective quote request forms. For example, let’s assume you want rates from USAA, Geico and State Farm. To find out each rate you need to spend time on each company’s site and enter your policy data, which is why the first method is quicker.

    For a list of links to insurance companies in your area, click here.

  3. The least efficient method to get comparison rates is to drive around to and from local insurance agencies. The ability to buy insurance online has reduced the need for local agents unless you want the trained guidance of a local agent. You can, however, get prices online but buy from a local insurance agent.

It’s up to you how you get prices quotes, just compare exactly the same coverages and limits with every price quote. If you use higher or lower deductibles it will be next to impossible to truly determine the lowest rate.

Discounts are available to cut your rates

Companies that sell car insurance don’t always advertise every discount very clearly, so we break down both well-publicized as well as the least known insurance savings. If you’re not getting every credit you deserve, you’re paying more than you need to.

  • No Charge for an Accident – A few companies will allow you to have one accident before hitting you with a surcharge if your claims history is clear prior to the accident.
  • Braking Control Discount – Anti-lock brake equipped vehicles can avoid accidents and qualify for as much as a 10% discount.
  • Life Insurance Discount – Companies who offer life insurance give better rates if you take out a life insurance policy as well.
  • Employee of Federal Government – Employees or retirees of the government can earn a discount up to 10% on Escalade ESV coverage with a few insurance companies.
  • Low Mileage Discounts – Keeping the miles down on your Cadillac can earn lower rates on the low mileage vehicles.
  • Memberships – Belonging to a qualifying organization is a good way to get lower rates on your policy on Escalade ESV coverage.

As a disclaimer on discounts, some credits don’t apply to your bottom line cost. Most only cut the price of certain insurance coverages like comprehensive or collision. So when the math indicates you could get a free insurance policy, it doesn’t quite work that way.

For a list of companies with discount insurance rates, click here to view.

Everyone needs different coverages

When it comes to choosing adequate coverage for your vehicles, there isn’t really a “perfect” insurance plan. Your needs are not the same as everyone else’s.

These are some specific questions could help you determine if your insurance needs may require specific advice.

  • Do I have coverage for damage caused while driving under the influence?
  • Are my tools covered if they get stolen from my vehicle?
  • Am I missing any policy discounts?
  • What can I do if my company denied a claim?
  • Should I put collision coverage on all my vehicles?
  • Is my dog or cat covered if injured in an accident?
  • Am I covered if my car is in a flood?
  • Do I benefit by insuring my home with the same company?
  • What are the best liability limits?
  • Can I get a multi-policy discount?

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. To find an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Why your Cadillac Escalade ESV insurance rates may be high

Consumers need to have an understanding of the different types of things that go into determining the rates you pay for auto insurance. When you know what positively or negatively determines base rates helps enable you to make changes that may reward you with better auto insurance rates.

  • Extra add-on coverages are wasting money – There are quite a few extra coverages that can waste your money if you aren’t careful. Coverages for vanishing deductibles, accident forgiveness and term life insurance are examples of these. They may seem like a good idea when talking to your agent, but if they’re wasting money eliminate them to save money.
  • Safe vehicles cost less to insure – Vehicles with high crash test scores can get you lower premiums. The safest vehicles reduce injuries and fewer injuries translates into savings for insurance companies and thus lower rates. If your Cadillac has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
  • Your occupation can affect rates – Did you know your occupation can influence how much you pay for auto insurance? Careers like real estate brokers, business owners and stock brokers tend to have the highest rates due to high stress and lengthy work days. On the other hand, professions such as farmers, students and homemakers receive lower rates on Escalade ESV coverage.
  • Better credit scores mean better rates – Your credit score is a important factor in your rate calculation. If your credit is lower than you’d like, you could be paying less to insure your 2003 Cadillac Escalade ESV by improving your rating. Drivers who have high credit scores tend to be better drivers and file fewer claims than those with poor credit.
  • Liability coverage is cheap – Liability insurance will protect you if you are found liable for causing damage or personal injury in an accident. It will provide for a legal defense starting from day one. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so buy as much as you can afford.
  • Adjust deductibles and save – The deductibles represent how much money you are required to spend out-of-pocket before a claim is paid by your company. Physical damage insurance, also known as collision and other-than-collision, is used to repair damage to your car. Examples of covered claims are colliding with a building, vandalism, and rolling your vehicle. The more you’re willing to pay, the lower your rates will be on Escalade ESV coverage.

Don’t believe everything you hear

Consumers constantly see and hear ads that promise big savings from the likes of State Farm, Geico and Progressive. All the ads say the same thing about savings if you change your coverage to them.

But how can every company make almost identical claims? It’s all in the numbers.

Insurance companies are able to cherry pick for the type of driver they prefer to insure. For instance, a driver they prefer might be between 25 and 40, is a homeowner, and has great credit. A customer who matches those parameters is entitled to the best price and is almost guaranteed to save a lot of money.

Potential customers who don’t meet this ideal profile will have to pay higher prices and ends up with the customer not buying. The ads say “customers who switch” but not “drivers who get quotes” save that kind of money. This is how insurance companies can confidently claim big savings. Because of the profiling, you need to compare as many rates as you can. It’s impossible to know the company that will have the lowest Cadillac Escalade ESV insurance rates.

Coverages available on your car insurance policy

Having a good grasp of car insurance can help you determine the best coverages and proper limits and deductibles. Policy terminology can be ambiguous and reading a policy is terribly boring.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2003 Cadillac Escalade ESV.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Medical costs insurance

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for prosthetic devices, nursing services, rehabilitation expenses and chiropractic care. The coverages can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage

Collision coverage

This coverage pays to fix your vehicle from damage resulting from colliding 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 coverage protects against claims like damaging your car on a curb, colliding with a tree and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision

Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as hitting a bird, hail damage and falling objects. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability

Liability insurance will cover damage that occurs to a person or their property that is your fault. This coverage protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability insurance covers things like repair bills for other people’s vehicles, pain and suffering, medical expenses and funeral expenses. How much liability should you purchase? That is a personal decision, but consider buying higher limits if possible.

One last thing

You just learned many ideas to lower your 2003 Cadillac Escalade ESV insurance rates. The most important thing to understand is the more companies you get rates for, the more likely it is that you will get a better rate. Consumers could even find that the lowest rates come from some of the smallest insurance companies.

When trying to cut insurance costs, it’s not a good idea to skimp on coverage in order to save money. In many cases, drivers have reduced comprehensive coverage or liability limits and discovered at claim time that the small savings ended up costing them much more. The aim is to buy a smart amount of coverage for the lowest price while still protecting your assets.

The cheapest insurance is possible from both online companies and also from your neighborhood agents, and you need to price shop both in order to have the best chance of saving money. There are still a few companies who may not provide online price quotes and most of the time these small insurance companies sell through independent agents.

More tips and info about auto insurance can be found in the articles below: