How Much Does 2005 Cadillac Escalade EXT Insurance Cost?

If you’re searching for lower-cost insurance online, do you get confused by the crazy number of auto insurance companies available to you? You’re not alone. drivers have so many companies available that it can easily turn into a difficult situation to find the perfect company for you.

You should make it a habit to do rate comparisons once or twice a year because prices are adjusted regularly by insurance companies. Even if you got the best deal on Escalade EXT insurance a few years ago you may be paying too much now. Forget all the misinformation about auto insurance because I’m going to let you in on the secrets to how to use online quotes to save money, get proper deductibles and limits, all at the lowest rate.

Finding affordable coverage is quite easy. If you currently have a car insurance policy, you will most likely be able to lower your premiums substantially using this strategy. But vehicle owners do need to learn how the larger insurance companies market on the web and apply this information to your search.

How insurers calculate Cadillac Escalade EXT insurance prices

An important part of buying insurance is that you know some of the things that play a part in calculating the level of your policy premiums. If you have some idea of what controls the rates you pay, this enables informed choices that may result in cheaper rates.

Shown below are a few of the things companies use to determine premiums.

• Discounts for multiple policies – Lots of insurers will award a discount to customers that have more than one policy such as combining an auto and homeowners policy. Even if you already get this discount, it’s still a good idea to compare other insurance prices to ensure the best deal.
• Never have insurance policy lapses – Allowing your insurance policy to lapse is a quick way to pay more for insurance. Not only will rates go up, not being able to provide proof of insurance could result in a license revocation or jail time.
• Reduce prices by driving vehicles with better crash test results – Vehicles that have high safety ratings are cheaper to insure. Vehicles engineered for safety have better occupant injury protection and better occupant protection means your insurance company pays less and cheaper rates on your policy. If the Cadillac Escalade EXT scored at minimum four stars on Safercar.gov it may cost less to insure.
• Where you live plays a part – Being located in less populated areas of the country may provide you with better prices if you are looking for the lowest rates. Lower population translates into fewer accident claims and a lower car theft rate. People who live in big cities have more aggressive driving styles and higher rates of accident claims. More time on the road translates into higher accident risk.
• Teenagers vs. experienced drivers – Drivers with little experience are known to be inattentive when at the wheel of a vehicle and because of this, their insurance rates are much higher. Having to add a youthful driver to your insurance policy can increase premiums substantially. More mature drivers are viewed as being more responsible, statistically cause fewer accidents and receive fewer citations.
• Liability insurance safeguards assets – Liability coverage will provide protection if you are found to be at fault for damages caused by your negligence. It provides for a legal defense starting from day one. This coverage is relatively inexpensive when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.

Discounts for cheaper car insurance rates

Car insurance is easily one of your largest bills, but there could be significant discounts that could drop your premiums quite a bit. A few discounts will automatically apply at the time of purchase, but some may not be applied and must be specially asked for before they will apply.

• Full Payment Discount – If paying your policy premium upfront rather than paying monthly you may reduce your total bill.
• Multi-policy Discount – When you have multiple policies and place coverage with the same company you could earn a discount of at least 10% off all policies.
• Discount for Life Insurance – Select car insurance companies reward you with a small discount if you purchase some life insurance too.
• Active Military Service – Being deployed with a military unit could be rewarded with lower rates.
• Use Seat Belts – Drivers who require all vehicle occupants to buckle up could save 15% off the personal injury premium cost.

A little disclaimer on discounts, many deductions do not apply to the overall cost of the policy. A few only apply to individual premiums such as physical damage coverage or medical payments. Just because it seems like you could get a free car insurance policy, that’s just not realistic.

A list of car insurance companies and a partial list of their discounts can be read below.

• State Farm may have discounts that include anti-theft, driver’s education, multiple policy, Drive Safe & Save, and multiple autos.
• Geico policyholders can earn discounts including multi-vehicle, anti-theft, air bags, emergency military deployment, seat belt use, federal employee, and military active duty.
• Liberty Mutual has savings for good student, newly retired, exclusive group savings, multi-policy, newly married, teen driver discount, and multi-car.
• The Hartford may include discounts for good student, anti-theft, bundle, vehicle fuel type, and air bag.
• MetLife offers premium reductions for good student, multi-policy, accident-free, good driver, claim-free, and defensive driver.
• Progressive may offer discounts for homeowner, online quote discount, good student, online signing, multi-policy, and continuous coverage.

Double check with all the companies to apply every possible discount. Savings might not apply in your area. To choose insurers who offer discounts, click here.

Save $396 a year. For real?

Companies like 21st Century, Allstate and State Farm seem to constantly run ads on TV and radio. All the companies say the same thing about savings if you get a free auto insurance quote and switch your policy. But how can every company make almost identical claims?

Most companies quote the lowest rates for the type of customer that is profitable for them. A good example of this type of risk profile may need to be a married female, has a clean driving record, and drives less than 5,000 miles a year. A driver that meets those criteria receive the lowest rate quotes and is almost guaranteed to cut their rates substantially.

Drivers who do not match those standards may be required to pay higher rates which results in the customer buying from someone else. If you listen closely, the ads state “people who switch” but not “everyone who gets a quote” can save as much as they claim. This is how insurance companies can advertise the savings. That is why you really need to get as many free auto insurance quotes as possible. Because you never know with any certainty which company will give you the biggest savings.

You may need specialized car insurance coverage

When it comes to buying the best car insurance coverage for your vehicles, there is no one size fits all plan. Everyone’s situation is unique.

These are some specific questions can aid in determining if your situation might need professional guidance.

• Is upholstery damage covered by car insurance?
• Is business equipment covered while in my vehicle?
• Is my teen driver covered when they drive my company car?
• Am I covered if my car is in a flood?
• Why am I required to buy liability insurance?
• How do I insure my teen driver?
• What should my uninsured motorist coverage limits be in my state?

If you can’t answer these questions, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, complete this form.

Auto insurance 101

Understanding the coverages of a insurance policy aids in choosing the best 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.

Coverage for liability – This can cover injuries or damage you cause to people or other property by causing an accident. This insurance protects YOU against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 which stand for a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things such as repair costs for stationary objects, repair bills for other people’s vehicles, loss of income and court costs. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive coverages – Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like hitting a deer, theft, damage from a tornado or hurricane, a tree branch falling on your vehicle and hitting a bird. The most you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists do not carry enough liability coverage. This coverage pays for injuries to you and your family and also any damage incurred to your Cadillac Escalade EXT.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Collision coverages – This covers damage to your Escalade EXT caused by collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims like colliding with another moving vehicle, crashing into a building, rolling your car, sustaining damage from a pot hole and crashing into a ditch. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Coverage for medical payments – Med pay and PIP coverage reimburse you for expenses for rehabilitation expenses, EMT expenses, ambulance fees, nursing services and hospital visits. They are often used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Keep this in mind

As you go through the steps to switch your coverage, never sacrifice coverage to reduce premiums. Too many times, drivers have reduced liability coverage limits only to regret that the small savings ended up costing them much more. Your goal should be to purchase plenty of coverage for the lowest cost, but don’t skip important coverages to save money.

We covered quite a bit of information on how to get a better price on 2005 Cadillac Escalade EXT insurance. The key concept to understand is the more quotes you get, the better likelihood of getting cheaper auto insurance. You may be surprised to find that the best rates are with a company that doesn’t do a lot of advertising.

Some insurance providers do not provide rates over the internet and these small insurance companies sell through independent agents. Budget-friendly auto insurance can be bought from both online companies and with local insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates.

Additional information is available at these links:

• Red Light Cameras (State Farm)
• Anti-Lock Brake FAQ (iihs.org)
• Uninsured Motorist Statistics (Insurance Information Insitute)
• Distracted Driving (Insurance Information Insitute)