Lower Your 2015 Cadillac Escalade Insurance Quotes in 2024

Being forced to pay for pricey insurance premiums can drain your personal savings and possibly require you to analyze your spending habits.

Big-name insurance companies like GEICO, Progressive and Allstate all promote huge savings with ads and consumers find it hard to see through the deception and do the work needed to find the best deal.

Consumers should take time to quote other rates at least once a year because prices change quite often. Even if you think you had the best deal on Escalade coverage two years ago you can probably find a lower rate today. Ignore everything you know about insurance because you’re about to learn the easiest way to find better coverage at a better price.

If you currently have car insurance, you will be able to cut costs considerably using this strategy. Choosing the best insurance company for you is not rocket science. But car owners must learn how the larger insurance companies market on the web.

Save money with these tips

Lots of things are part of the equation when you quote your car insurance policy. Some of the criteria are obvious like an MVR report, but other factors are not quite as obvious such as your credit history or your commute time. Part of the auto insurance buying process is learning the rating factors that play a part in calculating your auto insurance rates. If you know what positively or negatively impacts your premiums, this allows you to make educated decisions that can earn you lower premium levels.

• More than one policy can earn a discount – The majority of companies give lower prices to policyholders who carry more than one policy in the form of a multi-policy discount. Even if you already get this discount, it’s in your best interest to shop around to confirm you are receiving the best rates possible. You may still save even more by buying auto insurance from a different company.
• Proper usage rating affects rates – The more you drive each year the higher your rate. Many insurance companies rate vehicles based on their usage. Autos that have low annual miles receive lower rates than vehicles that have high annual mileage. Improper usage on your Escalade may be costing you higher rates. Double check that your auto insurance policy is showing how each vehicle is driven, because improper ratings can cost you money.
• Women pay lower premiums – Over the last 50 years, statistics have shown women are more cautious behind the wheel. Now that doesn’t mean females are better at driving than males. Males and females are in accidents at about the same rate, but the males cause more damage. Men also tend to get cited for more serious violations like DWI (DUI) or reckless driving.
• Liability insurance – Liability insurance is the protection in the event that you are found to be at fault for causing damage or personal injury in an accident. This coverage provides you with a defense in court up to the limits shown on your policy. This coverage is relatively inexpensive compared to comp and collision, so drivers should carry high limits.
• Bad drivers pay high premiums – Even a single speeding ticket can increase the cost of insurance forty percent or more. Good drivers get better rates compared to bad drivers. Drivers who have gotten license-revoking violations like DWI, reckless driving or hit and run convictions are required to submit a SR-22 form with their state’s department of motor vehicles in order to keep their license.
• Cheaper rates after marriage – Walking down the aisle helps lower the price on your auto insurance bill. Having a spouse may mean you are more financially stable and insurance companies like that drivers who are married are more cautious.
• Your car’s features help determine rates – Driving a car with a theft deterrent system can earn a premium discount. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems help track and prevent vehicle theft.
• Vocation impacts premiums – Occupations like doctors, business owners and dentists tend to have the highest average rates due to intense work-related stress and lengthy work days. Other careers such as professors, students and retirees pay lower than average rates on Escalade coverage.

Get cheap insurance with discounts

Companies offering auto insurance do not list every discount they offer very clearly, so the list below details a few of the more well known and the more hidden savings tricks you should be using when you buy car insurance online. If you do not double check each discount you qualify for, you’re just leaving money on the table.

• No Accidents – Drivers who don’t have accidents can earn big discounts as opposed to accident-prone drivers.
• Telematics Data Discounts – People who choose to allow their company to track when and where they use their vehicle by installing a telematics device such as In-Drive from State Farm or Allstate’s Drivewise system could possibly reduce rates if they exhibit good driving behavior.
• Pay Now and Pay Less – If paying your policy premium upfront rather than paying in monthly installments you may have a lower total premium amount.
• Safe Drivers – Drivers who avoid accidents can save as much as half off their rates on Escalade coverage than drivers with accident claims.
• E-sign – Some larger companies will discount your bill up to fifty bucks for buying a policy and signing up on the internet.
• Distant Student Discount – Any of your kids who are attending college and leave their car at home could qualify for this discount.

We need to note that most discounts do not apply to all coverage premiums. Some only apply to specific coverage prices like comp or med pay. Despite the appearance that having all the discounts means you get insurance for free, that’s just not realistic.

A list of companies and some of the discounts can be found below.

• Progressive offers discounts for online signing, homeowner, continuous coverage, online quote discount, multi-policy, and multi-vehicle.
• MetLife may include discounts for accident-free, good driver, claim-free, defensive driver, and multi-policy.
• Mercury Insurance may offer discounts for annual mileage, multi-car, type of vehicle, accident-free, age of vehicle, good driver, and low natural disaster claims.
• Nationwide has savings for Farm Bureau membership, anti-theft, accident-free, defensive driving, and easy pay.
• GEICO policyholders can earn discounts including good student, daytime running lights, federal employee, air bags, anti-theft, multi-policy, and defensive driver.
• AAA offers premium reductions for multi-policy, anti-theft, AAA membership discount, education and occupation, multi-car, and good driver.

Before buying, ask every prospective company which discounts can lower your rates. Depending on the company, some discounts may not apply to policies in every state.

Drivers who switch save $447 a year? Really?

Companies like State Farm, Allstate and GEICO endlessly run ads in print and on television. All the ads say the same thing that you’ll save big just by switching your policy. How is it plausible that every one can charge you a lower premium? It’s all in how they say it.

All the different companies quote the lowest rates for the type of insured that will add to their bottom line. An example of a desirable insured should be between the ages of 30 and 50, has never had a policy lapse, and drives less than 5,000 miles a year. Anyone who matches those parameters will get a cheap rate quote and will most likely save when they switch companies.

People who fall short of this ideal profile will see higher premium rates which results in the customer buying from a different company. The ad wording is “customers who switch” not “everybody who quotes” save money. That’s the way companies can truthfully state the savings. This emphasizes why drivers should do a rate comparison at every renewal. It is just not possible to predict with any certainty which company will provide the lowest prices.

Tailor your auto insurance coverage to you

When buying the right insurance coverage, there really is not a “perfect” insurance plan. Everyone’s needs are different so this has to be addressed. Here are some questions about coverages that might help in determining whether or not you may require specific advice.

• Do I have newly-acquired coverage?
• Exactly who is provided coverage by my policy?
• Can I drive in Mexico and have coverage?
• Is there coverage for injuries to my pets?
• Am I covered if I hit a deer?
• Can I pay claims out-of-pocket if I buy high deductibles?
• Where can I find DUI or SR-22 insurance?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to a licensed agent. If you want to speak to an agent in your area, fill out your zip code.

Auto insurance coverage information

Having a good grasp of insurance can help you determine the right coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverages found on most insurance policies.

Comprehensive coverage (or Other than Collision) – This pays for damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as a tree branch falling on your vehicle, falling objects, damage from flooding and vandalism. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Auto liability – This provides protection from injuries or damage you cause to people or other property. It protects YOU from claims by other people. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 50/100/50 that means you have a $50,000 limit per person for injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged property.

Liability coverage pays for claims like repair bills for other people’s vehicles, legal defense fees, loss of income, medical services and court costs. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as much as you can afford.

Insurance for medical payments – Med pay and PIP coverage reimburse you for short-term medical expenses such as nursing services, ambulance fees and EMT expenses. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Collision – This pays to fix your vehicle from damage from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like backing into a parked car, hitting a mailbox and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

Knowledge is power

Cost effective 2015 Cadillac Escalade insurance can be purchased on the web in addition to local insurance agencies, so you should be comparing quotes from both to have the best rate selection. Some companies may not have the ability to get a quote online and many times these smaller companies provide coverage only through local independent agents.

When buying insurance coverage, do not buy less coverage just to save a little money. In too many instances, drivers have reduced liability limits or collision coverage only to find out that it was a big mistake. The ultimate goal is to buy enough coverage at a price you can afford while not skimping on critical coverages.