Lower Your 2008 Cadillac Escalade Insurance Quotes

Want cheaper insurance rates for your Cadillac Escalade? If price shopping insurance coverage quotes online is new to you, you may be bewildered by the confusing number of insurance companies all claiming to have the lowest rates.

Find more affordable auto insurance with these tips

The best way to find cheaper auto insurance is to take a look at the different types of things that come into play when calculating auto insurance rates. If you have some idea of what determines premiums, this allows you to make good choices that can earn you cheaper rates. Many factors are considered when quoting car insurance. Some factors are common sense such as your driving record, but some are less apparent like where you live and annual miles driven.

The itemized list below are some of the factors used by companies to determine prices.

  • Do you have a high stress employer? – Occupations like judgesairline pilots and stock brokers usually pay higher average rates in part from high stress levels and long work hours. On the other hand, careers like scientists, athletes and retirees receive lower rates for Escalade insurance.
  • Deter car thieves – Selecting a car model that has a built-in theft deterrent system can save you a little every year. Theft prevention devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping auto theft and help lower rates.
  • Credit rating impact auto insurance costs – An insured’s credit history is a big factor in determining premium rates. If your credit score could use some work, you may save money insuring your 2008 Cadillac Escalade by repairing your credit. Insureds that have high credit scores tend to be less risk to insure than drivers who have lower ratings.
  • Driving citations drive up costs – Whether or not you get tickets influences premium rates substantially. Attentive drivers pay less for auto insurance than bad drivers. Getting just one chargable violation can increase rates substantially. Drivers who get severe tickets like DUI or reckless driving may find they need to complete a SR-22 with their state’s licensing department in order to legally drive.
  • Where do you drive? – The more you drive your Cadillac in a year the higher your rates will be. The majority of insurers price each vehicle’s coverage based upon how you use the vehicle. Cars that sit idle most of the time get more affordable rates than vehicles that are driven to work every day. It’s a good idea to make sure your auto insurance declarations sheet states annual mileage, because improper ratings can cost you money. Having the wrong rating on your Escalade may be wasting your money.
  • Liability insurance preserves assets – The liability coverage on your policy is the coverage that protects you when you are ruled to be at fault for damages caused by your negligence. Liability insurance provides you with a defense in court starting from day one. This coverage is very inexpensive compared to comp and collision, so do not skimp.

How to lower your insurance cost

Shopping for lower insurance rates can be a lot of work if you don’t utilize the fastest way to get free quotes. You could spend your day talking to agents in your area, or you can stay home and use online quotes to get rates in a matter of minutes.

The majority of car insurance companies participate in a marketplace that enables customers to submit one quote, and each company then gives them pricing. This saves time by eliminating quote requests for every insurance company.

To submit your quote information now, click here to open in new window.

The one downside to getting quotes like this is you cannot specify which companies to receive prices from. So if you want to select from a list of companies to receive pricing from, we have a page of the cheapest insurance companies in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just ensure you are comparing the exact same information for every company. If you have different deductibles it will be impossible to get a fair rate comparison. Just a small difference in coverage limits may result in large price differences. Just keep in mind that obtaining a wide range of quotes helps improve the odds of finding the best price.

Double check you’re getting with these discounts

Properly insuring your vehicles can get expensive, but there are discounts available that can drop the cost substantially. Certain discounts will be triggered automatically when you quote, but some must be requested specifically prior to getting the savings.

  • No Claims – Drivers who don’t have accidents can save substantially compared to bad drivers.
  • Distant Student Discount – who live away from home at college without a vehicle on campus can receive lower rates.
  • Discount for Life Insurance – Not all insurance companies offer life insurance, but some may give you a small discount if you purchase life insurance.
  • Renewal Discounts – A few larger companies give discounts for buying a policy prior to your current policy expiration. This discount can save up to 10%.
  • Accident Waiver – This isn’t a discount exactly, but companies like Libery Mutual, GEICO and Allstate will forgive one accident before hitting you with a surcharge if you are claim-free prior to being involved in the accident.
  • Passive Restraint Discount – Vehicles equipped with air bags or motorized seat belts can get savings of more than 20%.
  • Cautious Driver Discount – Drivers without accidents could pay up to 40% less for Escalade insurance than less cautious drivers.
  • Pay Early and Save – If you pay your bill all at once instead of monthly or quarterly installments you could save up to 5%.
  • Drivers Education – Require your teen driver to participate in a local driver’s education class as it can save substantially.
  • Theft Deterent – Anti-theft and alarm system equipped vehicles prevent vehicle theft and will qualify for a discount on a insurance coverage quote.

Just know that some credits don’t apply to your bottom line cost. Most only cut the cost of specific coverages such as medical payments or collision. If you do the math and it seems like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.

For a list of insurance companies that can offer you the previously mentioned discounts, click here to view.

Your situation helps dictate your coverage

When buying the right insurance coverage, there is no cookie cutter policy. Coverage needs to be tailored to your specific needs.

For instance, these questions could help you determine whether or not you would benefit from an agent’s advice.

  • What is UM/UIM insurance?
  • How much liability do I need to cover my assets?
  • Do I pay less if my vehicle is kept in my garage?
  • Can I rate high risk drivers on liability-only vehicles?
  • Which is better, split liability limits or combined limits?
  • If my pet gets injured in an accident are they covered?
  • Do I need to file an SR-22 for a DUI in my state?
  • When do I need to add a new car to my policy?
  • Why am I required to buy liability insurance?

If you’re not sure about those questions but you know they apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, complete this form.

Specific coverages for a Cadillac Escalade

Having a good grasp of your insurance policy helps when choosing the right coverages and proper limits and deductibles. Insurance terms can be impossible to understand and coverage can change by endorsement.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and damage to your Cadillac Escalade.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Most of the time these limits are similar to your liability insurance amounts.

Comprehensive auto coverage

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims like falling objects, theft, vandalism and fire damage. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP pay for expenses for things like ambulance fees, chiropractic care and rehabilitation expenses. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants and will also cover any family member struck as a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Auto liability

This protects you from damage or injury you incur to other people or property. This coverage protects you from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 25/50/25 that means you have a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims like legal defense fees, bail bonds and funeral expenses. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Collision coverage

Collision insurance pays for damage to your Escalade caused by collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like damaging your car on a curb, sideswiping another vehicle and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to save money on collision insurance.

In any little way, save everyday

When you buy insurance coverage online, you should never sacrifice coverage to reduce premiums. There are many occasions where consumers will sacrifice physical damage coverage to discover at claim time that they should have had better coverage. Your goal is to purchase plenty of coverage at a price you can afford while not skimping on critical coverages.

Consumers leave their current company for a number of reasons such as poor customer service, lack of trust in their agent, denial of a claim or even unfair underwriting practices. Regardless of your reason, switching auto insurance companies can be less work than you think.

You just learned a lot of tips how to save on 2008 Cadillac Escalade insurance. The most important thing to understand is the more you quote insurance coverage, the better chance you’ll have of finding low cost insurance coverage. Consumers could even find that the lowest priced auto insurance comes from a small mutual company.

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