2014 Cadillac Escalade Insurance Cost – 5 Ideas for Cheaper Prices

Looking for cheaper insurance rates for your Cadillac Escalade? Nobody likes paying for insurance, particularly when the prices are way too high. Because there are so many choices of insurance companies, it’s nearly impossible to choose a more affordable insurer.

You should make it a habit to compare prices once or twice a year because rates are adjusted regularly by insurance companies. Just because you found the best rate on Escalade coverage a couple years back there may be better deals available now. There is lot of inaccurate information about insurance on the internet, but we’re going to give you some of the best ways to put money back in your pocket.

Choosing the best insurance company for you is easy if you know what you’re doing. If you have a current car insurance policy or are looking for a new policy, you can use these tips to reduce the price you pay while maximizing coverage. Drivers just need to learn the most efficient way to find the lowest price on the web.

Get cheap insurance coverage rates with discounts

Insuring your fleet can be pricey, but you can get discounts to help bring down the price. Some discounts will apply when you get a quote, but a few need to be inquired about before you get the savings.

  • Driver’s Education for Students – Require your teen driver to participate in a local driver’s education class in school.
  • Switch and Save Discount – A few insurance companies allow discounts for buying a new policy prior to your current policy expiration. You can save around 10% with this discount.
  • Student in College – Youth drivers living away from home attending college and do not have access to a covered vehicle may qualify for this discount.
  • No Claims – Drivers who stay claim-free pay less as compared to insureds who have frequent claims or accidents.
  • Driving Data Discount – Insureds that choose to allow driving data submission to track their driving habits remotely such as Snapshot from Progressive or Drivewise from Allstate may get a rate reduction if they are good drivers.

Discounts lower rates, but most of the big mark downs will not be given to your bottom line cost. Most only reduce individual premiums such as medical payments or collision. So when it seems like adding up those discounts means a free policy, you won’t be that lucky.

If you would like to view companies that offer some of these discounts, click here to view.

Tailor your insurance coverage coverage to you

When choosing coverage, there really is not a “best” method to buy coverage. Everyone’s situation is unique and your policy should reflect that. For instance, these questions could help you determine if your situation might need professional guidance.

  • How much underlying liability do I need for an umbrella policy?
  • How much liability coverage do I need in my state?
  • What are the financial responsibility laws in my state?
  • Can I drive in Mexico and have coverage?
  • What is medical payments coverage?
  • Is my custom paint covered by insurance?
  • Is my trailer covered?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.

Big names are not always cheapest

Consumers can’t get away from ads that claim the cheapest premium rates from companies such as Allstate and Progressive. They all make the same claim that people will save if you switch your insurance policy to them.

Is it even possible that every company can give you a lower rate? Here is how they do it.

Insurance companies have underwriting criteria for the type of driver that makes them money. One example of a profitable insured should be a mature driver, owns their home, and has great credit. A driver who fits those characteristics will qualify for the lowest prices and will also save some money.

Potential customers who do not meet those standards may be required to pay higher premiums and this can result in the customer not purchasing. The ads state “people that switch” not “everyone that quotes” save that much money. That’s the way insurance companies can confidently make those statements. This really emphasizes why you need to do a price quote comparison at every renewal. Because without a comparison, you cannot know which company will provide you with the cheapest premium rates.

Car insurance specifics

Understanding the coverages of your policy can help you determine which coverages you need for your vehicles. Car insurance terms can be ambiguous and coverage can change by endorsement. Listed below are the usual coverages offered by car insurance companies.

Liability car insurance

This can cover damage that occurs to people or other property by causing an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability coverage protects against claims such as court costs, pain and suffering and structural damage. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Collision insurance

This coverage pays for damage to your Escalade resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as damaging your car on a curb, scraping a guard rail, backing into a parked car, hitting a parking meter and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection when the “other guys” either have no liability insurance or not enough. It can pay for injuries to you and your family as well as damage to your 2014 Cadillac Escalade.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as dental work, chiropractic care, X-ray expenses, nursing services and prosthetic devices. The coverages can be utilized in addition to your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers 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 insurance

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as damage from a tornado or hurricane, damage from flooding, damage from getting keyed and hail damage. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Shop smart and save

Throughout this article, we presented a lot of techniques to reduce 2014 Cadillac Escalade insurance car insurance rates online. The key concept to understand is the more providers you compare, the better chance you’ll have of finding cheap insurance coverage. Consumers may even find the lowest priced insurance comes from the smaller companies. These companies may only write in your state and offer lower premium rates than their larger competitors like State Farm and Allstate.

More affordable insurance is attainable on the web and from local agencies, so you need to quote insurance coverage with both so you have a total pricing picture. Some insurance providers may not have online price quotes and these smaller providers only sell coverage through independent agents.

Even more information can be read by following these links:

Comments About 2014 Cadillac Escalade Insurance

  1. Ariane Christensen

    Lifelong resident of Las Vegas, NV. Got prices from AIG Insurance, Sentry, and some smaller one I can’t remember the name of for my Escalade and saved $541 a year. Not sure if rates are cheaper online or through an agent.

  2. Gretta Donovan

    From northwest of Springfield, MA. I quoted with State Farm, Auto-Owners, and Erie for my Cadillac and I think I saved around $40 each month. Was with Allstate. Ask about discounts.

  3. Concetta Green

    I live just to the west of Charleston, West Virginia. Got car insurance prices from Amica, Sentry, and a few others for my 2014 Cadillac Escalade and am saving around $300 a year. I have several vehicles insured with them. It never hurts to quote around.

  4. Bobbie Horn

    Hope my car insurance gets cheaper. I’m in Jackson, MS. Got car insurance quotes with Auto-Owners, Erie, and Nationwide for my Escalade and I think I am saving around $40 each month.

  5. Rhett Dotson

    If you have a good history and live around Birmingham, Alabama, check out Progressive. They seem to be cheaper. Insured with Allstate before. They have free quotes online.

  6. Imogene Fulton

    Proud to be from Jackson, Mississippi. Quoted with Liberty Mutual, Amica, MetLife, and a couple others for my Escalade and saved just over $160 a year. Hopefully won’t need it. You can get a rate quote online.

  7. Guadalupe Santiago

    Cheap is not always the best policy. I’m in the east part of Fargo, North Dakota. I compared lots of rates. Saved darn near $50 a month. State Farm was the cheapest option for me. Highly recommended.

  8. Rosanna Rios

    I got decent rates for a 2014 Cadillac Escalade in Kansas City, MO. Ended up at darn near $540 every six months with Auto-Owners. Was with Erie.

  9. Alec Rush

    Just a quick comment on my experience. I’m in Norman, Oklahoma. Went online for free insurance quotes for a 2014 Cadillac Escalade. Ended up at about $490 savings annually. Went with 21st Century. Teenage drivers are expensive! Are quotes cheaper online?

  10. Nora Lamb

    Cheaper car insurance is a myth. From a town just southwest of Nampa, Idaho. Can’t remember who all I quoted but I ended up saving about $40 each month. Still almost need a second mortgage.