Cheaper 2002 Cadillac Escalade EXT Insurance Rates

Want the cheapest car insurance rates for your Cadillac Escalade EXT? Are you at wits end from wondering where the money will come from to buy car insurance? You have the same problem as millions of other drivers. Lots of insurers contend for your business, and because of this it can be hard to compare auto insurance companies to discover the definitive best price available.

You should take the time to get comparison quotes yearly because car insurance prices fluctuate regularly. Just because you found the best rates on Escalade EXT insurance last year you can probably find a better rate quote now. Forget all the misinformation about car insurance because you’re about to learn one of the best ways to properly buy coverages while reducing your premium.

If you have insurance now or need new coverage, you can use these tips to reduce the price you pay and still get good coverage. Finding the best rates is not that difficult. Drivers just need to understand the proper methods to compare rates over the internet.

Informed consumers can cut their insurance prices

Many different elements are considered when premium rates are determined. Some are obvious like an MVR report, but other factors are not quite as obvious such as whether you are married and annual miles driven.

• Men drivers tend to cost more – Over time, data shows that men are more aggressive behind the wheel. That doesn’t necessarily mean that females are better at driving than males. Males and females have accidents in similar percentages, but males have costlier accidents. In addition to higher claims, males also have more aggressive citations such as driving while intoxicated (DWI) or driving recklessly. Males from age 16 to 21 are the most expensive to insure and therefore pay the highest rates.
• Urban residents pay more – Having an address in areas with lower population may provide you with better prices when buying car insurance. Drivers in populated areas have much more traffic and more severe claims. Less people living in that area means fewer accidents and lower theft and vandalism rates.
• Do you need those extra coverages? – There are a ton of optional add-on coverages that can add up if you aren’t diligent. Insurance for vanishing deductibles, towing coverage, and membership fees are examples of these. They may seem like a good idea at first, but now you might not need them so eliminate the coverages to reduce your premium.
• Do you save by driving less? – The more you drive annually the higher your rates will be. A lot of companies price each vehicle’s coverage partially by how you use the vehicle. Vehicles that have low annual miles can be on a lower rate level than vehicles that are driven to work every day. A policy that improperly rates your Escalade EXT may be costing you. It’s a smart idea to ensure your vehicle rating correctly shows the correct usage, because it can save money.

The quickest method we recommend to compare car insurance company rates is to understand car insurance companies pay for the opportunity to provide you with a free rate quote. All consumers are required to do is take a few minutes to give details such as driver ages, whether or not you need a SR-22, whether you are single or married, and if your license is active. That rating data is instantly sent to insurance carriers in your area and they return rate quotes very quickly.

More discounts mean affordable premiums

Some insurers don’t list all available discounts in a way that’s easy to find, so the list below gives a summary of a few of the more well known and also the lesser-known credits that may apply to you.

• Good Students Pay Less – Being a good student can earn a discount of 20% or more. The good student discount can last until age 25.
• Paperwork-free – A few insurance companies will provide an incentive for buying your policy over the internet.
• Multiple Cars – Buying coverage for several vehicles with the same car insurance company can get a discount for every vehicle.
• Accident Waiver – This isn’t a discount exactly, but companies like State Farm and Geico allow you one accident before hitting you with a surcharge if your claims history is clear for a specific time period.
• Anti-lock Brakes – Anti-lock brake equipped vehicles prevent accidents and will save you 10% or more.
• Low Mileage Discounts – Driving less may allow you to get slightly better premium rates than normal.
• Onboard Data Collection – Drivers that enable their car insurance company to look at where and when they drive by using a small device installed in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive could possibly reduce rates as long as the data is positive.

One last thing about discounts, some credits don’t apply to the entire policy premium. Most cut the cost of specific coverages such as liability, collision or medical payments. So when the math indicates adding up those discounts means a free policy, you won’t be that lucky.

The best car insurance companies and some of their more popular discounts can be found below.

• State Farm has savings for accident-free, defensive driving training, multiple autos, student away at school, driver’s education, Drive Safe & Save, and passive restraint.
• Nationwide offers discounts for multi-policy, easy pay, accident-free, anti-theft, defensive driving, and family plan.
• Geico discounts include multi-policy, military active duty, driver training, multi-vehicle, and membership and employees.
• AAA may have discounts that include good driver, education and occupation, pay-in-full, multi-policy, AAA membership discount, and multi-car.
• 21st Century offers discounts including 55 and older, air bags, driver training, theft prevention, student driver, and defensive driver.
• The Hartford offers premium reductions for bundle, defensive driver, anti-theft, good student, and driver training.

If you want cheaper insurance quotes, ask each insurance company the best way to save money. Some of the discounts discussed earlier may not be available in your area.

It’s not one size fits all

When buying adequate coverage for your personal vehicles, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions can help discover whether you might need professional guidance.

• Am I covered if I crash into my own garage door?
• How much liability insurance is required?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• Do I need special endorsements for business use of my vehicle?
• Do I have coverage when pulling a U-Haul trailer?
• Should I have a commercial auto policy?
• Am I covered if I hit a deer?
• Am I covered when driving a rental car?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It is quick, free and can provide invaluable advice.

Insurance coverages and their meanings

Understanding the coverages of your insurance policy can help you determine appropriate coverage and the correct deductibles and limits. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverages offered by insurance companies.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as hitting a deer, damage from flooding, rock chips in glass, a tree branch falling on your vehicle and damage from getting keyed. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Auto liability insurance

This coverage protects you from damage that occurs to a person or their property by causing an accident. This insurance protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 25/50/25 which stand for $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things like bail bonds, attorney fees and legal defense fees. The amount of liability coverage you purchase is your choice, but buy as large an amount as possible.

UM/UIM Coverage

This coverage provides protection when other motorists either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Medical costs insurance

Med pay and PIP coverage reimburse you for expenses like nursing services, rehabilitation expenses, funeral costs and X-ray expenses. They are often used to cover expenses not covered by your health insurance plan or if you do not have health coverage. They cover all vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision insurance

Collision coverage pays to fix your vehicle from damage caused by collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as crashing into a ditch, backing into a parked car, colliding with a tree, damaging your car on a curb and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. You can also choose a higher deductible to bring the cost down.

Smart consumers save more

You just learned a lot of techniques to reduce 2002 Cadillac Escalade EXT insurance premium rates online. The most important thing to understand is the more you quote insurance, the better your comparison will be. Consumers could even find that the most savings is with a company that doesn’t do a lot of advertising. These companies can often insure niche markets at a lower cost than their larger competitors like Geico and State Farm.

The cheapest 2002 Cadillac Escalade EXT insurance can be purchased on the web and also from your neighborhood agents, and you need to comparison shop both to have the best rate selection. A few companies may not provide rate quotes online and most of the time these smaller companies provide coverage only through independent insurance agencies.

As you go through the steps to switch your coverage, it’s a bad idea to buy poor coverage just to save money. In many instances, an insured dropped full coverage to discover at claim time that the small savings ended up costing them much more. The proper strategy is to buy a smart amount of coverage for the lowest price, not the least amount of coverage.

Much more information about insurance is located below:

• Understanding Car Crashes Video (iihs.org)
• What is a Telematics Device? (Allstate)
• Safety Belts FAQ (iihs.org)
• What is Covered by GAP Insurance? (Allstate)