2008 Cadillac Escalade Insurance Rates

If shopping for car insurance quotes online is new to you, you can easily be bewildered thanks to the huge assortment local agents and online companies that all promise the best rates.

It’s a good habit to get comparison quotes quite often since prices trend upward over time. Even if you got the lowest rates on Escalade coverage two years ago you will most likely find a better premium rate today. Ignore everything you know about insurance coverage because you’re about to learn the proper way to save on insurance coverage.

Free auto insurance rate quotes

There are a lot of ways to compare auto insurance quotes, but there is one way that is less labor-intensive and much quicker. You can spend your afternoon talking to agents in your area, or you can utilize online quotes to get pricing more quickly.

Most of the larger companies enroll in a system where insurance shoppers submit one quote, and each participating company returns a rated price based on the submitted data. This system prevents you from having to do quotation requests for each company.

To get comparison pricing now click here to start a free quote.

The only downside to getting quotes like this is you don’t know exactly the providers you want to price. So if you want to select from a list of companies to compare prices, we have a page of low cost auto insurance companies in your area. Click here to view list.

Whichever way you choose to compare rates, make sure you are using the exact same information for each comparison quote. If you compare higher or lower deductibles it’s not possible to make an equal comparison. Slightly different insurance coverages may result in large price differences. Keep in mind that comparing more company’s prices helps increase your odds of locating a lower rate.

Car insurance companies offer money-saving discounts

Auto insurance companies don’t always list their entire list of discounts in a way that’s easy to find, so the next list breaks down both well-publicized as well as some of the hidden ways to save on car insurance.

• Early Switch Discount – Select car insurance companies give a discount for renewing your policy before your current expiration date. This discount can save up to 10%.
• Bundled Policy Discount – If you have multiple policies with one company they may give you a discount of up to 20% and get you inexpensive car insurance.
• Pay Now and Pay Less – If you pay your bill all at once instead of monthly or quarterly installments you could save 5% or more.
• Discount for New Cars – Adding a new car to your policy can save you some money since new model year vehicles are generally safer.
• Accident Free – Claim-free drivers are rewarded with significantly better rates on car insurance quote as compared to policyholders that have many claims.
• Life Insurance – Larger companies have a small discount if you purchase some life insurance in addition to your auto policy.
• Student Discounts – Maintaining excellent grades may save as much as 25% on a car insurance quote. The discount lasts up until you turn 25.
• Multiple Cars – Insuring primary and secondary vehicles on one policy can reduce the rates for all insured vehicles.
• Safety Restraint Discount – Using a seat belt and requiring all passengers to use their safety belts could cut 10% or more on the premium charged for medical payments and/or PIP.
• Telematics Devices – Insureds that choose to allow their car insurance company to spy on vehicle usage by using a small device installed in their vehicle like Allstate’s Drivewise could see a rate decrease if they exhibit good driving behavior.

You should keep in mind that most discounts do not apply to the overall cost of the policy. A few only apply to specific coverage prices like comprehensive or collision. Just because you may think all those discounts means the company will pay you, companies don’t profit that way.

A list of companies and some of the premium reductions they offer are:

• State Farm offers discounts for good student, good driver, driver’s education, multiple policy, and defensive driving training.
• Geico may include discounts for defensive driver, seat belt use, driver training, anti-theft, and membership and employees.
• Liberty Mutual includes discounts for new vehicle discount, multi-car, newly retired, teen driver discount, multi-policy, and good student.
• The Hartford offers discounts including anti-theft, vehicle fuel type, bundle, driver training, and air bag.
• MetLife has discounts for good driver, defensive driver, multi-policy, good student, accident-free, and claim-free.
• Progressive may offer discounts for multi-policy, continuous coverage, online quote discount, homeowner, multi-vehicle, and good student.

If you need lower rates, check with every insurance company to give you their best rates. Some of the earlier mentioned discounts might not be offered in your state. To see a list of providers that offer the discounts shown above, click here to view.

Do I just need basic coverages?

When it comes to buying the right insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Everyone’s needs are different.

For example, these questions could help you determine if your situation might need professional guidance.

• Why is insurance for a teen driver so high?
• Am I covered if I drive in a foreign country?
• Do I pay less for low miles?
• Am I covered when delivering products for my home-based business?
• Do I have any recourse if my insurance company denies a claim?
• How high should my uninsured/underinsured coverage be in my state?
• Can I get a multi-policy discount for packaging my home and auto coverage?

If you can’t answer these questions, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form.

Cut insurance costs with these tips

Lots of things are used when pricing auto insurance. Some are pretty understandable such as your driving history, although others are less obvious such as whether you are married or your financial responsibility.Part of the auto insurance buying process is learning the factors that play a part in calculating auto insurance rates. When consumers understand what influences your rates, this enables you to make decisions that may result in much lower annual insurance costs.

The list below includes some of the major factors auto insurance companies consider when setting rates.

• Driver age impacts costs – Drivers with little experience are proven to be inattentive and easily distracted when driving so they pay higher auto insurance rates. Parents adding a young driver onto your auto insurance can break the bank. Mature drivers tend to be more responsible, statistically cause fewer accidents and are safer drivers.
• Policy add-ons may be wasting money – Policies have extra coverages that may not really be needed on your 2008 Escalade policy. Coverages like personal injury protection, towing, and additional equipment coverage are examples of these. These may sound like a good investment when talking to your agent, but your needs may have changed so eliminate them to save money.
• GPS tracking and theft deterrents reduce premiums – Driving a car with an alarm system can save you some money. Advanced theft deterrents like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent your vehicle from being stolen.
• Don’t cut corners with liability insurance – Liability coverage will afford coverage if ever a jury decides you are liable for causing personal injury or damage in an accident. This coverage provides for a legal defense up to the limits shown on your policy. Liability insurance is quite affordable compared to comp and collision, so buy as much as you can afford.
• Responsible credit saves on auto insurance – Credit rating is a large factor in determining your rates. Insureds that have high credit ratings tend to be more responsible than drivers with lower credit scores. So if your credit rating could use some work, you may save money insuring your 2008 Cadillac Escalade by improving your rating.
• Marriage pays dividends – Having a significant other may earn you lower rates on auto insurance. Marriage demonstrates that you tend to be more stable financially and statistics show married drivers tend to file fewer claims.
• Pleasure use saves money – The more you drive in a year’s time the more you’ll pay to insure it. The majority of insurers apply a rate based upon how the vehicle is primarily used. Cars and trucks used primarily for pleasure use can get a lower rate as compared to vehicles used primarily for driving to work. It’s a good idea to make sure your vehicle rating reflects the correct driver usage, because it can save money. Having the wrong rating on your Escalade is throwing money out the window.
• Consolidate and save – The majority of auto insurance companies afford better rates to people that purchase more than one policy in the form of a multi-policy discount. Discounts can add up to ten or even fifteen percent. Even if you’re getting this discount drivers will still want to compare rates to make sure you are getting the best deal.

Well known brands might not be cheapest

Companies like Allstate, Geico and Progressive seem to constantly run television and radio advertisements. They all seem to have a common claim about savings if you switch your coverage. Is it even possible that every company can charge you less for car insurance?

Insurance companies have specific characteristics for the type of driver that will not have excessive claims. A good example of a driver they prefer may need to be a married male, has other policies, and has great credit. A customer getting a price quote who fits those characteristics will get very good car insurance rates as well as save when switching.

Drivers who cannot meet the ideal profile will have to pay higher premiums with the end result being the customer buying from someone else. If you listen to the ad wording, they say “drivers that switch” not “all people who quote” save money. This is how companies can truthfully make the claims of big savings. That is why it is so important to get a wide range of price quotes. It’s not possible to predict which insurance company will provide the lowest premium rates.

Car insurance coverage specifics

Understanding the coverages of a car insurance policy can be of help when determining which coverages you need at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Auto liability insurance

Liability insurance can cover damages or injuries you inflict on people or other property. It protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability coverage pays for claims such as funeral expenses, bail bonds, repair costs for stationary objects and emergency aid. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford.

Comprehensive coverages

This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like hitting a bird, hail damage, hitting a deer, damage from getting keyed and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Coverage for medical payments

Med pay and PIP coverage provide coverage for expenses for doctor visits, nursing services, ambulance fees and hospital visits. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state and may carry a deductible

Uninsured and underinsured coverage

This coverage gives you protection when other motorists either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Cadillac Escalade.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Collision coverage protection

Collision coverage covers damage to your Escalade resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as scraping a guard rail, colliding with a tree, damaging your car on a curb and colliding with another moving vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to save money on collision insurance.

Make an honest buck

When you buy car insurance online, it’s very important that you do not buy lower coverage limits just to save a few bucks. In many instances, drivers have reduced liability coverage limits only to regret at claim time that they should have had better coverage. Your goal should be to buy enough coverage at the best cost but still have enough coverage for asset protection.

Cheap 2008 Cadillac Escalade insurance is possible on the web and from local agencies, so get free car insurance quotes from both of them to get a complete price analysis. Some car insurance companies do not offer online price quotes and usually these smaller companies prefer to sell through independent agents.

In this article, we covered a lot of information how to reduce 2008 Cadillac Escalade insurance auto insurance rates online. The key thing to remember is the more companies you get premium rates for, the higher the chance of saving money. Consumers could even find that the best price on car insurance is with some of the smallest insurance companies.

More information

• Can I Drive Legally without Insurance? (Insurance Information Insitute)
• Collision Insurance Coverage (Nationwide)
• Side Impact Crash Tests (iihs.org)
• Preventing Carjacking and Theft (Insurance Information Insitute)
• Airbag FAQ (iihs.org)