2003 Cadillac Escalade Car Insurance Rates – 5 Tips for Cheaper Quotes

Expensive Cadillac Escalade insurance can dwindle your bank account and require stricter spending habits. You have multiple insurers to buy insurance from, and though it is a good thing to be able to choose, more choices can make it harder to compare rates and find the lowest cost insurance coverage.

It is always a good idea to price shop coverage every six months since insurance prices go up and down regularly. Even if you got the best price for Escalade insurance six months ago you may be paying too much now. You can search a lot of insurance coverage online, but you can learn some solid techniques on how to stop overpaying for insurance.

This information will teach you how car insurance quotes work and some tricks to saving. If you currently have car insurance, you will be able to reduce your rates substantially using these techniques. Drivers just need to understand the best way to compare prices online.

How to lower your auto insurance cost

There are a variety of methods to compare auto insurance quotes, and some are more efficient than others. You can spend your afternoon driving to agents in your area, or you can stay home and use the web to accomplish the same thing much quicker.

Many of the larger companies belong to an insurance system that allows shoppers to only type in their quote data once, and at least one company returns a rated price based on the submitted data. This saves time by eliminating quotation requests to each individual auto insurance company. To compare pricing click to open in new window.

The one disadvantage to pricing coverage this way is you are unable to specify the insurers you want to price. So if you want to choose specific insurance companies to compare, we put together a list of auto insurance companies in your area. Click here for list of insurance companies.

How you compare quotes is your choice, just ensure you are comparing equivalent deductibles and coverage limits with every price quote. If the quotes have different data it will be very difficult to determine which rate is truly the best.

Use discounts to get cheaper car insurance rates

Car insurance can be pricey, but there could be available discounts that you may not even know about. A few discounts will automatically apply at the time of purchase, but occassionally some discounts must be specifically requested before they will apply.

  • Air Bag Discount – Cars that have air bags and/or automatic seat belt systems may qualify for discounts of up to 25% or more.
  • Fewer Miles Equal More Savings – Low annual miles may enable drivers to earn lower premium rates due to less chance of an accident.
  • ABS Brakes – Vehicles equipped with ABS or steering control prevent accidents and will save you 10% or more.
  • One Accident Forgiven – Not really a discount, but a handful of insurance companies will let one accident slide before your rates go up so long as you are claim-free for a set time period.
  • Claim Free – Insureds who avoid accidents and claims get the best car insurance rates in comparison with insureds who have frequent claims or accidents.

Discounts reduce rates, but you should keep in mind that many deductions do not apply to the entire policy premium. Most cut specific coverage prices like medical payments or collision. So when the math indicates all the discounts add up to a free policy, companies wouldn’t make money that way. Any amount of discount should help reduce the premium cost.

To view car insurance companies that have a full spectrum of discounts, click here.

Tailor your insurance coverage coverage to you

When it comes to buying the right insurance coverage for your vehicles, there is no “best” method to buy coverage. Everyone’s situation is a little different so your insurance should reflect that These are some specific questions can aid in determining whether or not you would benefit from professional advice.

  • Am I covered if my car is in a flood?
  • Who is covered by my policy?
  • Is upholstery damage covered by car insurance?
  • Can my teen driver be rated on a liability-only vehicle?
  • Should I buy only the required minimum liability coverage?
  • Why is insurance for a teen driver so high?
  • Does medical payments coverage apply to all occupants?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Do I need rental car coverage?

If you don’t know the answers to these questions, you might consider talking to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of insurance coverage companies in your area. It only takes a few minutes and you can get the answers you need.

Auto insurance coverages

Having a good grasp of a insurance policy can help you determine the right coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Shown next are the usual coverages found on most insurance policies.

Collision coverage protection

This covers damage to your Escalade from colliding with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like hitting a mailbox, rolling your car, driving through your garage door, damaging your car on a curb and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

UM/UIM Coverage

Your UM/UIM coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your Cadillac Escalade.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Usually these coverages do not exceed the liability coverage limits.

Liability coverages

Liability insurance can cover damages or injuries you inflict on people or other property by causing an accident. This coverage protects you from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

It consists of 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 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Another option is a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for claims like pain and suffering, loss of income, medical expenses and court costs. How much liability should you purchase? That is your choice, but buy as large an amount as possible.

Medical costs insurance

Med pay and PIP coverage provide coverage for bills like doctor visits, nursing services, X-ray expenses and chiropractic care. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP is not an option in every state but can be used in place of medical payments coverage

Comprehensive or Other Than Collision

This coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as rock chips in glass, theft and a tree branch falling on your vehicle. 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.

Comments About 2003 Cadillac Escalade Insurance

  1. Carmelina Allen

    Lots of good stuff here. From northwest of Provo, UT. I quoted with State Farm, The General, and Farmers for my 2003 Cadillac Escalade and saved just over $90 a year. Insured with American Family before. Even increased my liability limits. I just carry liability insurance.

  2. Nu Holt

    I’m looking for cheaper coverage. I live just to the west of Raleigh, NC. I compared lots of rates. Saved roughly $20 a month. 21st Century was the cheapest option for me. Left Hanover to switch. Liability only on my Escalade.

  3. Tara Page

    I’ve had State Farm for years. I’m in Wilmington, Delaware.

  4. Adria Marquez

    Why are claims settled so low?

  5. Greg Hendrix

    Do I have to have car insurance in New York?

  6. Willette Odonnell

    Does GEICO settle claims fairly?

  7. Britt Martinez

    I’m in the north part of Buffalo, NY. Received quotes with AIG Insurance, Erie, and Safeco for my 2003 Cadillac Escalade and saved $97 a year. Left Esurance to switch. Have an at-fault accident tho.

  8. Rubie Grant

    I got decent rates for a 2003 Cadillac Escalade in Madison, WI. Ended up at darn near $70 every six months with American Family. BTW speeding tickets are not good.

  9. Dennis Scott

    Will Progressive raise rates for a rock chip claim?

  10. Nicki Foreman

    I live just to the south of Nampa, ID. I compared lots of rates. Saved right around $30 a month. State Farm was the cheapest option for me. Switched homeowners coverage too. Not sure if rates are cheaper online or through an agent. My Cadillac doesn’t have full coverage.