2009 Cadillac Escalade Car Insurance Cost

Looking for the cheapest auto insurance rates for your Cadillac Escalade? Comparison shopping for cheaper Driversauto insurance is kind of frustrating for drivers who are new to quoting and comparing rates online. People have so many companies to choose from that it can be a lot of work to find a more affordable company.

You should take the time to shop coverage around at least once a year because rates are variable and change quite frequently. Even if you think you had the best deal on Escalade coverage two years ago there is a good chance you can find better prices now. Forget all the misinformation about auto insurance because you’re going to get a crash course in how to quote online to lower your annual insurance bill.

Free car insurance rate quotes

To get the cheapest auto insurance quotes, there a variety of ways of comparing rates from local car insurance companies. One of the best ways to find the lowest 2009 Cadillac Escalade rates is to get quotes online. This can be accomplished in a couple minutes as outlined below.

The most efficient way to find low rates is an all-inclusive rate comparison click here to open form in new window. This type of form keeps you from doing separate quotation requests for every car insurance company. In just a few minutes this one form gets coverage cost estimates from several companies. This is by far the quickest method.

A more difficult way to get quotes online requires a visit to the website for each individual company and repeat the quote process again and again. For example, we’ll assume you want rates from Auto-Owners, State Farm and GMAC. To get each rate you have to go to every website and repeatedly enter your information, which can get rather old.

To view a list of companies in your area, click here.

Whichever way you choose to compare rates, ensure you’re using exactly the same quote data for each comparison quote. If you are comparing different data it’s impossible to determine which rate is truly the best. Even a minor difference in insurance coverages may result in a large different in cost. Keep in mind that getting more free quotes helps improve the odds of finding more affordable rates. Some companies don’t provide rate quotes online, so it’s necessary to compare price quotes from them as well.

Find hidden discounts to get affordable insurance rates

Not too many consumers would say insurance is affordable, but you might be missing out on some discounts that may help make it more affordable. A few discounts will be applied at the time of quoting, but some discounts are required to be requested specifically before you will receive the discount. If you are not receiving all the discounts available, you are just wasting money.

  • One Accident Forgiven – Not necessarily a discount, but companies like GEICO and Allstate allow you one accident before they charge you more for coverage with the catch being you have to be claim-free before the accident.
  • E-sign Discounts – Many larger companies will give you a small discount for buying your policy online.
  • Homeowners Discount – Owning a home may trigger a policy discount on insurance since owning and maintaining a home requires a higher level of personal finance.
  • Policy Bundle Discount – If you insure your home and vehicles with the same company you will save at least 10% off all policies.
  • Air Bag Discount – Factory air bags can qualify for discounts of 25 to 30%.
  • No Claims – Drivers who don’t have accidents can save substantially in comparison to drivers who are more careless.
  • Anti-lock Brakes – Cars, trucks, and SUVs with ABS braking systems or traction control prevent accidents and the ABS can save up to 10%.
  • Theft Prevention System – Vehicles that have factory alarm systems and tracking devices prevent vehicle theft and that can save you a little bit as well.
  • Multi-car Discount – Drivers who insure all your vehicles on one policy can get a discount for every vehicle.

Consumers should know that some credits don’t apply to the entire policy premium. The majority will only reduce individual premiums such as liability and collision coverage. So despite the fact that it appears you would end up receiving a 100% discount, it just doesn’t work that way. Any amount of discount should definitely cut your premiums.

Companies that may offer quotes with most of these discounts may include but are not limited to:

Double check with all companies you are considering which discounts they offer. Some of the earlier mentioned discounts might not be offered on policies in your area. If you would like to view companies with the best discounts, follow this link.

How your Escalade insurance costs are determined

Multiple criteria are used when you get a price on insurance. Some factors are common sense like a motor vehicle report, but others are not as apparent such as whether you are married or your vehicle rating.

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

  • Rate your vehicle for proper use – The higher the miles on your Cadillac every year the more you will pay for auto insurance. Most insurance companies calculate rates based upon how you use the vehicle. Autos that do not get driven very much receive lower rates than vehicles that are driven to work every day. Incorrect rating for your Escalade is throwing money out the window. Make sure your auto insurance policy correctly shows the correct usage for each vehicle, because improper ratings can cost you money.
  • Excellent credit equals lower costs – Your credit rating factor in determining what you pay for auto insurance. People that have high credit ratings tend to be more responsible and file fewer claims than those with lower credit scores. If your credit score leaves room for improvement, you could potentially save money when insuring your 2009 Cadillac Escalade by spending a little time repairing your credit.
  • Lower rates for married couples – Having a spouse actually saves money on auto insurance. Having a significant other usually means you are more mature and responsible and it’s proven that married drivers get in fewer accidents.
  • Add-on coverages push up premiums – There are quite a few extra bells and whistles you can purchase but may not be useful. Things like rental car coverage, towing, and additional equipment coverage may be wasting your money. They may seem like a good idea when deciding what coverages you need, but your needs may have changed so think about removing them and cutting costs.
  • Occupation can influence premiums – Did you know your auto insurance rates can be affected by your occupation? Occupations such as judgesair traffic controllers and financial analysts have the highest average rates due to intense work-related stress and long work hours. Other careers like professors, engineers and homemakers have lower than average premiums on Escalade coverage.
  • High comp and collision deductibles save money – Deductibles for physical damage define the amount you are required to spend if a covered claim is submitted. Protection for physical damage, also known as collision and other-than-collision, covers damage that occurs to your car. Examples of some claims that would be covered are rearending another vehicle, hail damage, or theft of your vehicle. The more of the claim you pay before a claim is paid (deductible), the lower your rates will be on Escalade coverage.
  • Never have policy lapses – Having a gap between insurance policy dates will be a guaranteed way to bump up your auto insurance costs. Not only will you pay higher rates, the inability to provide proof of insurance may earn you fines or a revoked license. You may then have to prove you have insurance by filing a SR-22 with your state motor vehicle department.

Tailor your insurance coverage to you

When it comes to buying coverage for your vehicles, there really is no cookie cutter policy. Every situation is different.

These are some specific questions can help discover if your insurance needs might need professional guidance.

  • Do I need more liability coverage?
  • Does coverage extend to Mexico or Canada?
  • Exactly who is provided coverage by my policy?
  • How much liability coverage do I need in my state?
  • Is my trailer covered?
  • Do I have coverage when making deliveries for my home business?
  • Are my friends covered when driving my car?
  • Do I need rental car coverage?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form.

The auto insurance bait and switch

Respected companies like State Farm, Allstate and GEICO endlessly run television, radio, and online ads. All the companies make the same claim about savings if you just switch your coverage to them. How can each company charge you a lower premium? This is the way they can do it.

Many companies have a certain “appetite” for the type of insured that will most likely be profitable. For instance, a desirable risk might be between the ages of 30 and 50, owns their home, and drives newer vehicles. Any customer who fits those characteristics receives the best prices and is almost guaranteed to save if they switch.

Drivers who are not a match for those standards will get higher prices which leads to the customer buying from a different company. If you pay close attention to the ads, they say “customers that switch” not “everybody who quotes” save that much money. That’s the way insurance companies can confidently advertise the savings. Because of these techniques, you really should compare price quotes frequently. It is impossible to predict which company will fit you best based on your risk profile.

Detailed coverages of your insurance policy

Knowing the specifics of insurance helps when choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage provide coverage for expenses for surgery, pain medications, funeral costs, hospital visits and dental work. They can be used to fill the gap from your health insurance program or if you are not covered by health insurance. It covers both the driver and occupants and also covers getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Comprehensive insurance – This coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as damage from a tornado or hurricane, damage from flooding and fire damage. The maximum payout your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.

Collision coverage – Collision insurance pays for damage to your Escalade resulting from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as backing into a parked car, damaging your car on a curb, driving through your garage door and sideswiping another vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

Liability coverages – Liability insurance protects you from damage or injury you incur to people or other property that is your fault. This insurance protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: 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 translate to a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability coverage protects against things like pain and suffering, bail bonds and structural damage. The amount of liability coverage you purchase is up to you, but buy as much as you can afford.

Save for a rainy day

Insureds switch companies for a variety of reasons including denial of a claim, delays in paying claims, lack of trust in their agent or even policy non-renewal. It doesn’t matter why you want to switch finding a great new company can be less work than you think.

Throughout this article, we presented quite a bit of information on how to save on 2009 Cadillac Escalade insurance. The key concept to understand is the more price quotes you have, the more likely it is that you will get a better rate. You may even find the lowest rates are with a lesser-known regional company.

A few companies may not offer rates over the internet regional carriers sell through independent agents. The cheapest 2009 Cadillac Escalade insurance is definitely available on the web and with local insurance agents, so compare prices from both to have the best selection.

Additional insurance information can be found at these links: