2002 Cadillac Escalade Car Insurance Rates – 10 Ways to Save
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UPDATED: Aug 23, 2022
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Want the cheapest auto insurance rates for your Cadillac Escalade? Trying to find the cheapest insurance for a new or used Cadillac Escalade can turn out to be an all-consuming task, but you can learn our auto insurance buying tips to save time.
There are more efficient ways to shop for auto insurance and you need to know the best way to price shop coverage for your Cadillac and locate the lowest price from both online companies and local agents.
It’s a good idea to compare prices once or twice a year since rates are usually higher with each renewal. If you had the lowest price for Escalade insurance two years ago there is a good chance you can find better rates now. Starting right now, block out anything you think you know about auto insurance because you’re going to learn the only way to find lower rates on auto insurance.
Don’t overlook these ten discounts
Insuring your vehicles can cost a lot, but companies offer discounts to help bring down the price. Some trigger automatically at the time of quoting, but a few need to be manually applied in order for you to get them. If you don’t get every credit possible, you are throwing money away.
- Discount for Good Grades – Getting good grades can get you a discount of up to 25%. The discount lasts up until you turn 25.
- Multi-policy Discount – If you insure your home and vehicles with the same company you will save at least 10% off all policies.
- Seat Belts Save – Drivers who require all occupants to buckle their seat belts can save up to 15% off the personal injury premium cost.
- Own a Home – Being a homeowner may trigger a insurance coverage policy discount due to the fact that maintaining a home requires personal responsibility.
- Lower Rates for Military – Being on active duty in the military can result in better rates.
- Sign Early and Save – Select companies give a discount for switching to them before your current expiration date. It can save you around 10%.
- College Student – Kids in college who are attending college and do not have access to a covered vehicle may be able to be covered for less.
- Auto/Life Discount – Select insurance companies reward you with better rates if you take out life insurance.
- Save over 55 – If you’re over the age of 55, you may receive a small decrease in premiums for Escalade insurance.
- Defensive Driver – Successfully completing a course in driver safety could cut 5% off your bill if your company offers it.
It’s important to understand that most of the big mark downs will not be given to the entire cost. Most only cut the price of certain insurance coverages like medical payments or collision. Just because you may think all those discounts means the company will pay you, it doesn’t quite work that way. Any amount of discount will bring down your overall premium however.
Car insurance companies that may have these discounts include:
It’s a good idea to ask each company which discounts you may be entitled to. Savings might not apply in your area.
Compare Car Insurance Today
Getting a cheaper price on 2002 Cadillac Escalade insurance is actually quite simple. Consumers just need to spend a little time to get quotes online from several insurance companies. It is quite easy and can be accomplished in a couple of different ways.
One of the simplest ways consumers can make multiple comparisons is a comparison rater form like this one (opens in new window). This type of form saves time by eliminating repetitive form entry for each company you want a rate for. In just a few minutes this one form compares rates direct from many companies. This is perfect if you don’t have a lot of time.
A harder way to shop for car insurance online requires a visit to each company website to request a price quote. For instance, we’ll pretend you want to compare rates from USAA, 21st Century and State Farm. You would have to go to every website and enter your policy data, which is why the first method is more popular. For a list of links to companies insuring cars in your area, click here.
The most time-consuming method to get comparison rates is driving to local insurance agencies. The internet makes this process obsolete unless you require the trained guidance of a local agent. You can, however, get the lowest quotes online and still use a local agent. We’ll cover that shortly.
Which method you use is up to you, but be sure to compare exactly the same coverages on every quote. If you have different values for each quote it will be next to impossible to determine the lowest rate for your Cadillac Escalade.
Is my situation unique?
When it comes to choosing the best insurance coverage coverage, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs.
For instance, these questions might point out whether or not you might need an agent’s assistance.
- Are there companies who specialize in insuring high-risk drivers?
- Can I afford low physical damage deductibles?
- Does my policy cover me when driving someone else’s vehicle?
- Should I bundle my homeowners policy with my auto?
- Can I afford to buy a different vehicle if my 2002 Cadillac Escalade is totaled?
- Am I covered when driving in Canada or Mexico?
- Why do I need rental car insurance?
- Do all my vehicles need collision coverage?
If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form. It is quick, free and may give you better protection.
Can switching companies really save?
Consumers constantly see and hear ads for the lowest price auto insurance from the likes of GEICO, State Farm and Progressive. All the ads have a common claim of big savings if you move your coverage to them.
But how can every company make the same claim? It’s all in the numbers.
Insurance companies have a preferred profile for the type of driver that is profitable for them. An example of a preferred risk might be over the age of 50, owns a home, and drives newer vehicles. A customer who meets those qualifications receives the best rates and therefore will save quite a bit of money when switching.
Potential customers who fall outside this ideal profile must pay higher premiums and ends up with the customer not buying. Company advertisements say “drivers who switch” not “everybody who quotes” save that much. This is how companies can claim big savings.
This illustrates why drivers should get quotes from several different companies. You cannot predict which insurance companies will provide you with the cheapest Cadillac Escalade insurance rates.
Car insurance policy specifics
Learning about specific coverages of your policy helps when choosing 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.
Coverage for medical payments – Coverage for medical payments and/or PIP pay for immediate expenses such as dental work, nursing services, EMT expenses, pain medications and rehabilitation expenses. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is not universally available and may carry a deductible
Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage gives you protection when other motorists are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your 2002 Cadillac Escalade.
Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Usually these coverages are similar to your liability insurance amounts.
Collision coverage – This will pay to fix damage to your Escalade caused by collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.
Collision insurance covers claims like rolling your car, colliding with a tree, hitting a parking meter, sustaining damage from a pot hole and hitting a mailbox. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. You can also increase the deductible in order to get cheaper collision rates.
Liability coverage – Liability coverage can cover damages or injuries you inflict on people or other property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Another option is a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.
Liability coverage pays for things such as pain and suffering, emergency aid and structural damage. How much coverage you buy is up to you, but buy as large an amount as possible.
Comprehensive coverages – This will pay to fix damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.
Comprehensive can pay for things such as hitting a bird, fire damage and falling objects. The highest amount a car insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
The bottom line
Insureds change insurance companies for any number of reasons including policy cancellation, policy non-renewal, an unsatisfactory settlement offer or unfair underwriting practices. Regardless of your reason, finding a great new company is not as hard as you think.
We just presented a lot of information how to reduce 2002 Cadillac Escalade insurance prices online. The most important thing to understand is the more providers you compare, the better your chances of lowering your rates. Consumers may even find the lowest priced insurance coverage comes from an unexpected company.
Discount insurance can be sourced on the web and also from your neighborhood agents, so you should compare both in order to have the best chance of saving money. Some insurance companies may not provide online price quotes and usually these small, regional companies provide coverage only through local independent agents.
More tips and info about insurance coverage can be read in these articles:
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