How Much Does 2003 Cadillac Escalade EXT Car Insurance Cost?

Want the cheapest auto insurance rates for your Cadillac Escalade EXT? Saving money on auto insurance is nearly impossible for beginners to buying insurance online. Drivers have so many options available that it can quickly become a ton of work to compare prices.

Which Car Insurance is Cheapest?

When shopping for car insurance there are multiple ways to compare rate quotes from different insurance companies. The fastest way to compare 2003 Cadillac Escalade EXT insurance prices involves getting comparison quotes online. It is quite easy and can be accomplished in a couple of different ways.

  • One of the simplest ways to get the best comparison quotes is an all-inclusive rate comparison (click to open form in new window). This form saves time by eliminating separate forms for each company you want a rate for. One form will get you price quotes instantly. Just one form and you’re done.
  • A more time consuming way to shop for car insurance online is to take the time to go to the website for each individual company and request a quote. For examples sake, let’s assume you want comparison quotes from Nationwide, Farmers and Geico. To find out each rate you need to take the time to go to each site and enter your information, which is why most consumers use the first method. For a list of links to companies insuring cars in your area, click here.

Whichever method you choose, be sure to compare identical coverage limits with each company. If the quotes have unequal deductibles or liability limits it will be very difficult to decipher which rate is best. Quoting even small variations in coverage limits can make a big difference in price. And when comparison shopping, getting more free quotes gives you a better chance of getting the best rates.

Discounts are basically free money

The price of auto insurance can be rather high, but there could be available discounts that many people don’t even know exist. Certain discounts will be triggered automatically when you purchase, but some may not be applied and must be specially asked for before they will apply.

  • Theft Prevention Discount – Cars that have factory anti-theft systems can help prevent theft and earn discounts up to 10%.
  • Lower Rates for Military – Being deployed with a military unit could be rewarded with lower premiums.
  • Seat Belt Usage – Requiring all passengers to buckle their seat belts can save up to 15% off your medical payments premium.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles prevent accidents and qualify for as much as a 10% discount.
  • Life Insurance Discount – Some companies give better rates if you take out life insurance.

As a disclaimer on discounts, most of the big mark downs will not be given to all coverage premiums. Most cut the cost of specific coverages such as medical payments or collision. Just because you may think you could get a free insurance policy, you’re out of luck. Any qualifying discounts will cut your premiums.

A partial list of companies that may offer some of the above discounts include:

Double check with every prospective company which discounts you may be entitled to. Savings may not be available in your area.

Elements that influence Cadillac Escalade EXT insurance rates

Smart consumers have a good feel for some of the elements that go into determining your auto insurance rates. Having a good understanding of what impacts premium levels helps enable you to make changes that can help you get much lower annual insurance costs.

Listed below are a few of the “ingredients” that factor into your rates.

  • Credit scores impact auto insurance rates – Credit score is a huge factor in determining your rates. If your credit history is lower than you’d like, you could pay less to insure your 2003 Cadillac Escalade EXT by improving your credit score. Consumers who have high credit ratings tend to be less risk to insure than drivers with poor credit.
  • Lower rates with optional equipment – Choosing a vehicle with a theft deterrent system can help bring down rates. Theft prevention features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart auto theft.
  • A clean driving record saves money – Your driving record has a lot to do with how much you pay for insurance. Good drivers receive lower rates compared to drivers with tickets. Even a single citation can increase rates by twenty percent. Drivers who get flagrant violations such as DWI, reckless driving or hit and run convictions may be required to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to keep their license.
  • Mature drivers pay less – Older insureds are more cautious drivers, statistically cause fewer accidents and receive fewer citations. Teen drivers are known to be careless and easily distracted when behind the wheel therefore auto insurance rates are much higher.
  • Where you live can impact rates – Residing in a rural area has it’s advantages when buying auto insurance. Less people living in that area means reduced accidents as well as less vandalism and auto theft. City drivers tend to have congested traffic and longer commute times. Longer commute distances can result in more accidents.
  • Women pay lower rates – Statistics have proven women tend to be less risk to insure than men. However, this does not mean women are better drivers. Women and men tend to get into accidents in similar numbers, but the male of the species have costlier accidents. Men also tend to receive more costly citations like reckless driving and DUI. Youthful male drivers tend to get in the most accidents and therefore are the most expensive to insure.
  • Small claims can cost you – Auto insurance companies provide better rates to people who are claim-free. If you frequently file small claims, you can pretty much guarantee either higher rates or even cancellation. Car insurance is intended to be relied upon for larger claims.
  • Do you have a high stress job? – Occupations such as real estate brokers, social workers and stock brokers tend to pay the highest rates attributed to stressful work requirements and lots of time spent at work. On the other hand, occupations such as actors, students and retirees have the lowest average rates for Escalade EXT insurance.

Which insurance is the “right” coverage?

When it comes to choosing coverage for your personal vehicles, there is no best way to insure your cars. Everyone’s situation is a little different.

For example, these questions can help discover whether your personal situation would benefit from an agent’s advice.

  • What is no-fault insurance?
  • Do I have newly-aquired coverage?
  • Am I covered if my car is in a flood?
  • Will my insurance pay for OEM parts?
  • Am I covered by my spouse’s policy after a separation?
  • Is my teen driver covered when they drive my company car?

If you’re not sure about those questions, then you may want to think about talking to an agent. If you don’t have a local agent, fill out this quick form.

Is there truth in advertising?

Insurance companies such as Progressive, Allstate and Geico regularly use ads on TV and radio. They all seem to make an identical promise that you can save if you move to them. How does each company say the same thing?

All the different companies have a certain “appetite” for the right customer they prefer to insure. For instance, a desirable insured might be profiled as between the ages of 30 and 50, a clean driving record, and drives less than 7,500 miles a year. A driver who matches those parameters will qualify for the lowest rates and is almost guaranteed to pay quite a bit less when switching companies.

Potential insureds who don’t meet the requirements will be charged higher rates which usually ends up with business going elsewhere. The ads say “customers that switch” not “everyone that quotes” save that kind of money. That’s why companies can truthfully claim big savings.

That is why you should get a wide range of price quotes. You cannot predict the company that will give you the biggest savings on Cadillac Escalade EXT insurance.

Auto insurance coverage specifics

Knowing the specifics of a auto insurance policy can help you determine which coverages you need for your vehicles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Collision coverages – This coverage covers damage to your Escalade EXT resulting from a collision with an object or car. A deductible applies then your collision coverage will kick in.

Collision can pay for things such as backing into a parked car, driving through your garage door and crashing into a building. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to increase the deductible to bring the cost down.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance covers 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 can pay for things such as fire damage, a broken windshield, falling objects and damage from flooding. The highest amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability coverage – This can cover injuries or damage you cause to other people or property. It protects you against claims from other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 100/300/100 that translate to $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for claims such as court costs, repair costs for stationary objects, loss of income, attorney fees and bail bonds. The amount of liability coverage you purchase is your choice, but buy as much as you can afford.

Insurance for medical payments – Med pay and PIP coverage pay for expenses for things like pain medications, hospital visits, rehabilitation expenses and funeral costs. They are often used in conjunction with a health insurance program or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Uninsured Motorist or Underinsured Motorist insurance – This protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your Cadillac Escalade EXT.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently the UM/UIM limits are set the same as your liablity limits.

Money doesn’t grow on trees

Low-cost 2003 Cadillac Escalade EXT insurance can be found from both online companies and also from your neighborhood agents, and you should compare price quotes from both to have the best chance of lowering rates. Some companies may not provide online quoting and most of the time these small, regional companies sell through independent agents.

When shopping online for insurance coverage, it’s a bad idea to skimp on coverage in order to save money. There have been many situations where drivers have reduced collision coverage and found out when filing a claim that it was a big error on their part. Your focus should be to find the BEST coverage for the lowest price, not the least amount of coverage.

You just read some good ideas how to reduce insurance prices online. The key concept to understand is the more companies you get rates for, the better your comparison will be. Consumers may even find the biggest savings come from an unexpected company.

For more information, feel free to visit the resources below: