How Much Does 2002 Cadillac Escalade Insurance Cost?

Want the cheapest insurance rates for your Cadillac Escalade? Have you had enough of sacrificing to pay high insurance rates every month? You have the same problem as the majority of other drivers.

Many insurance companies vie to insure your vehicles, and because of this it can be hard to compare insurance companies to find the best rates possible.

You need to price shop coverage on a regular basis because prices are usually higher with each renewal. Even if you got the lowest price on Escalade coverage on your last policy you can probably find a better rate quote now. Forget all the misinformation about insurance because I’m going to let you in on the secrets to one of the best ways to eliminate unnecessary coverages and save money.

Discounts for cheaper car insurance quotes

Not too many consumers would say car insurance is affordable, but you may be missing some discounts to help bring down the price. Certain credits will be shown at quote time, but less common discounts must be requested specifically before you will receive the discount. If you do not double check each discount you qualify for, you are paying more than you should be.

  • Driver’s Education for Students – Have your child successfully complete driver’s ed class in school or through a local driver safety program.
  • Multiple Cars – Insuring all your vehicles with one company can get a discount on all vehicles.
  • Professional Memberships – Belonging to qualifying clubs or civic groups is a good way to get lower rates when getting a insurance coverage quote.
  • Pay Upfront and Save – If paying your policy premium upfront rather than spreading payments over time you could save up to 5%.
  • Policy Bundle Discount – When you have multiple policies and place coverage with the same company you will save as much as 10 to 15 percent.
  • Drive Safe and Save – Drivers without accidents could pay up to 40% less on Escalade coverage than drivers with accidents.
  • No Claims – Drivers who don’t have accidents get the best car insurance rates as opposed to policyholders that have many claims.
  • Theft Prevention System – Cars and trucks equipped with tracking devices and advanced anti-theft systems are less likely to be stolen so companies will give you a small discount.
  • Good Students Pay Less – Excelling in school may save as much as 25% on a insurance coverage quote. The good student discount can last up to age 25.
  • Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a discount if you purchase life insurance from them.

Discounts lower rates, but most of the big mark downs will not be given to your bottom line cost. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Despite the appearance that it’s possible to get free car insurance, you won’t be that lucky.

The best car insurance companies and a partial list of their discounts can be found below.

  • Progressive offers discounts for continuous coverage, multi-policy, online quote discount, online signing, good student, and multi-vehicle.
  • Geico may offer discounts for daytime running lights, membership and employees, five-year accident-free, emergency military deployment, and driver training.
  • State Farm includes discounts for student away at school, passive restraint, multiple policy, defensive driving training, driver’s education, anti-theft, and Drive Safe & Save.
  • Esurance discounts include Pac-12 alumni, multi-policy, defensive driver, emergency road assistance, anti-lock brakes, and paid-in-full.
  • The Hartford offers discounts including anti-theft, good student, bundle, vehicle fuel type, defensive driver, and air bag.

When comparing rates, check with each company or agent to apply every possible discount. Depending on the company, some discounts may not apply to policyholders everywhere. To see companies with the best car insurance discounts, click here.

You may need specialized car insurance coverage

When choosing the right insurance coverage for your personal vehicles, there isn’t really a cookie cutter policy. Everyone’s situation is unique and your policy should reflect that. For example, these questions might help in determining if your situation would benefit from an agent’s advice.

  • Can my teen driver be rated on a liability-only vehicle?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Can my babysitter drive my car?
  • Can I afford to buy a different vehicle if my 2002 Cadillac Escalade is totaled?
  • Do I need PIP coverage since I have good health insurance?
  • Is upholstery damage covered by car insurance?
  • Why am I required to buy high-risk coverage?

If you’re not sure about those questions, you may need to chat with an agent. To find an agent in your area, take a second and complete this form or click here for a list of car insurance companies in your area.

The insurance coverage bait and switch

Popular insurance coverage providers such as State Farm and Allstate continually stream ads on television and other media. All the ads advertise claims about how much you will save if you just switch to them. How is it possible that every company can give you a better price? This is how they do it.

Insurance companies provide the lowest rates for a prospective insured that is profitable for them. An example of a driver they prefer could possibly be a married female, has never had a policy lapse, and drives a safe vehicle. Someone who fits that profile will probably get the lowest rates and therefore will save if they switch.

Potential customers who do not fit these criteria will probably be forced to pay higher premium rates and ends up with the customer not buying. If you pay close attention to the ads, they say “customers who switch” but not “everyone who gets a quote” save that kind of money. That’s why companies can truthfully make those claims.

Different companies use different criteria so you absolutely need to get insurance coverage quotes from several different companies. You cannot predict which insurance companies will be your best fit.

Car insurance coverage specifics

Knowing the specifics of car insurance helps when choosing the best coverages and proper limits and deductibles. Car insurance terms can be confusing and nobody wants to actually read their policy. These are typical coverage types found on most car insurance policies.

Coverage for medical payments

Coverage for medical payments and/or PIP kick in for bills like pain medications, doctor visits, chiropractic care and dental work. They are utilized in addition to your health insurance plan or if you do not have health coverage. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

Comprehensive coverages

This coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as theft, damage from flooding and a tree branch falling on your vehicle. The most your car insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Collision insurance

Collision insurance will pay to fix damage to your Escalade resulting from a collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like crashing into a building, rolling your car and crashing into a ditch. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible to bring the cost down.

Auto liability insurance

This can cover injuries or damage you cause to people or other property that is your fault. It protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and property damage coverage for $100,000. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against claims like legal defense fees, funeral expenses, pain and suffering, emergency aid and loss of income. How much liability should you purchase? That is your choice, but you should buy higher limits if possible.

Uninsured and underinsured coverage

This provides protection from other motorists when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Cadillac Escalade.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally these limits are set the same as your liablity limits.

A little work can save a LOT of money

When you buy insurance coverage online, it’s not a good idea to buy poor coverage just to save money. In many instances, drivers have reduced liability limits or collision coverage only to discover later that their decision to reduce coverage ended up costing them more. The proper strategy is to buy the best coverage you can find at the best cost and still be able to protect your assets.

We just showed you many ideas to save on 2002 Cadillac Escalade insurance. It’s most important to understand that the more rate comparisons you have, the higher your chance of finding affordable insurance coverage. Consumers could even find that the lowest car insurance rates come from a company that doesn’t do a lot of advertising. Smaller companies can often provide lower premium rates in certain areas compared to the large companies like Allstate and Progressive.

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