Compare 2002 Cadillac Escalade Insurance Quotes

Searching for better insurance rates? Consumers have a choice when looking for low-cost Cadillac Escalade insurance. You can either spend your time calling around trying to get quotes or use the internet to get rate quotes.

There are both good and bad ways to compare insurance rates so you’re going to learn the proper way to get price quotes for a Cadillac and find the lowest possible price either online or from local insurance agents.

Cheaper car insurance rates with discounts

Properly insuring your vehicles can get expensive, but there may be some discounts that many people don’t even know exist. Some discounts will apply when you quote, but some need to be specially asked for before they will apply.

• Resident Student – who live away from home at college and don’t have a car may qualify for this discount.
• Lower Rates for Military – Having an actively deployed family member may qualify for rate reductions.
• Discount for New Cars – Insuring a vehicle that is new can save up to 30% compared to insuring an older model.
• Accident Free – Drivers who don’t have accidents can save substantially in comparison with insureds who have frequent claims or accidents.
• Seat Belt Discounts – Requiring all passengers to buckle their seat belts can save a little on the premium charged for medical payments and/or PIP.
• Senior Citizen Discount – Seniors can get a small discount on rates for Escalade insurance.
• Low Mileage – Fewer annual miles on your Cadillac may allow you to get cheaper prices.
• Safe Drivers – Drivers who don’t get into accidents may receive a discount up to 45% for Escalade insurance compared to accident prone drivers.
• Renewal Discounts – A few car insurance companies offer discounts for buying a new policy before your current policy expires. You may see this discount when you get auto insurance quotes online.
• Good Grades Discount – Maintaining excellent grades may save you up to 25%. You can use this discount normally up until you turn 25.

One thing to note about discounts is that some credits don’t apply to the entire policy premium. Most only cut the cost of specific coverages such as comp or med pay. Despite the fact that it seems like it’s possible to get free car insurance, you aren’t that lucky.

A few companies that may offer most of these discounts include:

• Geico
• USAA
• Progressive
• American Family
• Esurance
• Farmers Insurance
• State Farm

If you want cheap auto insurance quotes, ask every company how you can save money. Some of the earlier mentioned discounts may not apply to policyholders in your area.

How much is car insurance?

Getting a more affordable price on 2002 Cadillac Escalade insurance can be relatively painless. You just need to invest a little time comparing price quotes online from several insurance companies. Rate comparisons can be done in a couple of different ways.

1. One of the best ways to get quotes would be an industry-wide quote request form like this one (opens in new window). This type of form eliminates the need for repetitive form entry for each company you want a rate for. In just a few minutes this one form gets rate comparisons instantly. It’s the fastest way to compare.
2. A more time consuming way to find more affordable insurance is to manually visit the website for every company you want to comare and go through the quote process again. For example, let’s say you want rates from Allstate, Farmers and Geico. In order to compare rates, you need to visit each site 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.

Which method you use is up to you, but be sure to compare the same quote data for every quote you compare. If you use different data you will not be able to make a fair comparison for your Cadillac Escalade.

Insurance premiums are influenced by these factors

Smart consumers have a good feel for some of the elements that come into play when calculating the price you pay for car insurance. If you know what positively or negatively impacts your premiums, this allows you to make good choices that may result in big savings. Multiple criteria are part of the calculation when you get your auto insurance bill. Some of the criteria are obvious like a motor vehicle report, but other factors are more obscure such as whether you are married or how safe your car is.

• Eliminate unneeded extra policy coverages – There are a lot of extra bells and whistles that can add up if you aren’t diligent. Insurance for replacement cost coverage, towing coverage, and term life insurance are some examples. The coverages may be enticing when you first buy your policy, but if you don’t need them eliminate them to save money.
• Does your job raise your rates? – Careers like military generalspolice officers and financial analysts tend to have higher premiums than the average policyholder because of stressful work requirements and incredibly demanding work hours. Conversely, professions such as professors, historians and homemakers have the lowest average rates for Escalade insurance.
• Pay more by driving carelessly – How you drive impacts your car insurance rates tremendously. Getting just one chargable violation can bump up the cost substantially. Good drivers pay lower auto insurance prices as compared to those with violations. Drivers with careless tickets such as DUI or reckless driving are required to maintain a SR-22 to the state department of motor vehicles in order to legally drive.
• Where you live factors in – Choosing to live in less populated areas has it’s advantages when talking about car insurance. Lower population corresponds to lower accident rates. City drivers regularly have more aggressive driving styles and more time behind the wheel. More time on the road statistically corresponds to a higher accident and claim rate.
• Multiple policies with one company – Some companies give a discount to buyers who buy several policies from them, otherwise known as a multi-policy discount. Discounts can add up to anywhere from five to ten percent in most cases. If you currently are using one company, you may still want to compare rates to confirm you are receiving the best rates possible.

Tailor your car insurance coverage to you

When it comes to choosing adequate coverage for your vehicles, there is no perfect coverage plan. Coverage needs to be tailored to your specific needs.

These are some specific questions might help in determining whether you might need an agent’s assistance.

• Is my dog or cat covered if injured in an accident?
• Are my friends covered when driving my 2002 Cadillac Escalade?
• Can I afford to buy a different vehicle if my 2002 Cadillac Escalade is totaled?
• Do all my vehicles need collision coverage?
• Can I get a multi-policy discount?
• Is a fancy paint job covered?
• Do I have coverage when pulling a U-Haul trailer?

If it’s difficult to answer those questions, you may need to chat with an agent. To find an agent in your area, take a second and complete this form. It only takes a few minutes and may give you better protection.

Auto insurance coverages

Learning about specific coverages of your insurance policy aids in choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement.

Comprehensive (Other than Collision)

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like falling objects, hitting a deer and a tree branch falling on your vehicle. The highest amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Auto liability

Liability coverage protects you from damage or injury you incur to a person or their property in an accident. It 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: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) 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, bail bonds, structural damage, funeral expenses and medical expenses. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Collision insurance

Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like driving through your garage door, sideswiping another vehicle, colliding with another moving vehicle and scraping a guard rail. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. You can also increase the deductible to get cheaper collision coverage.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like doctor visits, nursing services, EMT expenses and chiropractic care. They are often used in conjunction with a health insurance program or if there is no health insurance coverage. It covers you and your occupants as well as getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible

Protection from uninsured/underinsured drivers

This coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and also any damage incurred to your Cadillac Escalade.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Normally these coverages are set the same as your liablity limits.

Saving money is sweet as honey

In this article, we covered a lot of tips how to get a better price on 2002 Cadillac Escalade insurance. The key thing to remember is the more companies you get rates for, the higher your chance of finding low cost auto insurance. Consumers could even find that the lowest priced auto insurance comes from the least-expected company.

When buying insurance coverage, don’t be tempted to buy less coverage just to save a little money. In many cases, drivers have reduced full coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy the best coverage you can find for the lowest cost but still have enough coverage for asset protection.

Drivers who switch companies do it for any number of reasons including policy cancellation, being labeled a high risk driver, delays in paying claims and not issuing a premium refund. Whatever your reason, choosing a new company can be pretty painless.

For more information, feel free to visit these articles:

• Five Tips to Save on Auto Insurance (Insurance Information Insitute)
• Child Safety FAQ (iihs.org)
• Think You’re a Safe Driver? (State Farm)
• Protecting Teens from Drunk Driving (Insurance Information Insitute)
• What is Full Coverage? (Allstate)
• Understanding Your Insurance Deductible (Insurance Information Insitute)