2004 Cadillac Escalade Insurance Quotes

Trying to find lower insurance rates? Buyers have lots of choices when searching for the lowest priced Cadillac Escalade insurance. They can either spend hours calling around getting price quotes or save time using the internet to compare rates.

There are both good and bad ways to find insurance online so we’re going to tell you the proper way to compare rates on a Cadillac and locate the lowest price either online or from local insurance agents.

Insurance Coverage Comparisons

There are a variety of methods to compare 2004 Cadillac Escalade insurance coverage prices and some are less time-consuming than others. You could waste a few hours talking about coverages with insurance agencies in your area, or you can utilize the web to quickly compare rates.

Many companies participate in a marketplace where prospective buyers enter their coverage request one time, and each company provides a quote for coverage. This saves time by eliminating quote forms to each company. To participate in this free quote system, click here (opens in new window).

The one downside to pricing coverage this way is you are unable to specify which insurance companies to get pricing from. So if you prefer to pick individual companies to compare prices, we have a page of the cheapest insurance coverage companies in your area. Click to view list.

It doesn’t matter which method you choose, just double check that you are using apples-to-apples deductibles and coverage limits with each company. If you compare unequal deductibles or liability limits it’s impossible to truly determine the lowest rate.

Discounts can save BIG

Car insurance is not cheap, but there could be available discounts to help offset the cost. Certain discounts will be applied when you complete an application, but less common discounts must be requested specifically before they will apply. If you don’t get every credit available, you’re paying more than you need to.

  • Discount for New Cars – Adding a new car to your policy can cost up to 25% less due to better safety requirements for new cars.
  • Paperless Signup – Certain companies will discount your bill up to fifty bucks for buying a policy and signing up over the internet.
  • Anti-theft System – Anti-theft and alarm systems prevent vehicle theft and will save you 10% or more.
  • Passive Restraints and Air Bags – Vehicles with factory air bags can get savings of up to 25% or more.
  • Senior Discount – Older drivers may receive better insurance coverage rates for Escalade insurance.
  • Multi-car Discount – Buying insurance for more than one vehicle on one policy could earn a price break for each car.
  • Low Mileage – Keeping the miles down on your Cadillac could qualify for a substantially lower rate.

Keep in mind that many deductions do not apply to the overall cost of the policy. Some only apply to specific coverage prices like liability and collision coverage. So when it seems like you would end up receiving a 100% discount, it doesn’t quite work that way. But all discounts will cut your overall premium however.

Insurance companies that possibly offer these money-saving discounts include:

It’s a good idea to ask every prospective company what discounts are available to you. All car insurance discounts might not be offered in every state.

Will just any policy work for me?

When buying coverage for your personal vehicles, there is no one size fits all plan. Every insured’s situation is different.

For example, these questions may help highlight whether you might need an agent’s assistance.

  • Does liability extend to a camper or trailer?
  • Should I carry comprehensive and collision coverage?
  • Where can I find high-risk insurance?
  • How do I buy GAP insurance?
  • Is motorclub coverage worth it?
  • Do I need higher collision deductibles?
  • How many claims can I have before being cancelled?
  • Does car insurance cover theft of personal property?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find an agent in your area, take a second and complete this form. It is quick, free and can provide invaluable advice.

Why your Cadillac Escalade insurance rates may be high

Smart consumers have a good feel for the factors that come into play when calculating your car insurance rates. Understanding what determines base rates helps enable you to make changes that will entitle you to big savings.

The list below includes some of the items that factor into prices.

  • Younger drivers pay higher rates – Teenage drivers are statistically proven to be careless and easily distracted when driving so they pay higher car insurance rates. Adding a youthful driver to your car insurance policy can break the bank. More mature drivers are more cautious drivers, tend to file fewer claims and receive fewer citations.
  • Rates may be higher depending on your occupation – Did you know that where you work can have an impact on rates? Occupations like judges, architects and dentists tend to have the highest average rates due to job stress and lengthy work days. Other occupations like scientists, historians and homemakers receive lower rates for Escalade insurance.
  • Poor credit can mean higher rates – Having a bad credit rating is a important factor in determining your rates. Drivers with high credit ratings tend to file fewer claims and have better driving records than those with poor credit. So if your credit score can use some improvement, you could potentially save money when insuring your 2004 Cadillac Escalade by improving your credit score.
  • Equipment add-ons that lower car insurance rates – Driving a car that has an advanced theft prevention system can save you a little every year. Theft prevention devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder car theft.
  • Pleasure use or commuting – The higher the mileage driven in a year the higher your rates will be. Most insurance companies apply a rate determined by how the vehicle is used. Autos left parked in the garage can get a lower rate compared to those used for work or business. An improperly rated Escalade can result in significantly higher rates. Make sure your car insurance declarations sheet properly reflects the correct usage for each vehicle, because it can save money.
  • Do you know your deductibles? – Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, protects your Cadillac from damage. Some examples of claims that would be covered could be collision with another vehicle, damage from fire, and windstorm damage. Physical damage deductibles are the amount of money you are required to spend out-of-pocket before your car insurance pays a claim. The higher the amount the insured has to pay upfront, the less your car insurance will be for Escalade insurance.
  • Liability coverage is peace of mind – Liability insurance provides coverage if ever you are found liable for damages caused by your negligence. Liability insurance provides legal defense coverage which can cost thousands of dollars. This coverage is very inexpensive compared to physical damage coverage, so do not skimp.
  • Allowing your policy to lapse raises rates – Letting your insurance expire is a sure-fire way to pay more for car insurance. And not only will insurance be more expensive, but being ticketed for driving with no insurance will get you a hefty fine and possibly a revoked license.You may have to file a SR-22 with your state DMV.

Don’t listen to company ads

Consumers get pounded daily by advertisements that promise big savings from companies such as State Farm, GEICO and Progressive. All the companies say the same thing that you can save if you move your policy.

How do they all claim to save you money? This is how they do it.

Different companies have a certain “appetite” for the right customer that makes them money. For example, a preferred risk might be profiled as between the ages of 30 and 50, a clean driving record, and has great credit. A driver who meets those qualifications will qualify for the lowest rates and therefore will cut their rates substantially.

Drivers who fall outside the “perfect” profile will be quoted a more expensive rate and this can result in business going elsewhere. The ad wording is “customers that switch” not “everybody who quotes” save that kind of money. That’s the way insurance companies can confidently claim big savings.

This emphasizes why you absolutely need to get a wide range of price quotes. It’s just too difficult to predict the company that will give you the biggest savings on Cadillac Escalade insurance.

Coverages available on your insurance policy

Understanding the coverages of your policy can help you determine appropriate coverage and proper limits and deductibles. Insurance terms can be difficult to understand and nobody wants to actually read their policy.

Auto liability insurance

This can cover damages or injuries you inflict on a person or their property by causing an accident. This coverage protects you from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined limit which limits claims to one amount without having the split limit caps.

Liability can pay for things such as repair bills for other people’s vehicles, medical expenses and medical services. How much liability should you purchase? That is your choice, but buy higher limits if possible.

Medical expense insurance

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as prosthetic devices, X-ray expenses, EMT expenses, chiropractic care and doctor visits. The coverages can be used to fill the gap from your health insurance program or if you lack health insurance entirely. It covers both the driver and occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Comprehensive (Other than Collision)

This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as damage from a tornado or hurricane, a broken windshield, damage from getting keyed and a tree branch falling on your vehicle. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your 2004 Cadillac Escalade.

Due to the fact that many 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 a good idea. Usually these limits are similar to your liability insurance amounts.

Auto collision coverage

This coverage pays for damage to your Escalade resulting from a collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as colliding with a tree, sustaining damage from a pot hole, hitting a parking meter and crashing into a building. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. You can also increase the deductible to get cheaper collision coverage.

In the end, you save

People switch companies for any number of reasons including extreme rates for teen drivers, high rates after DUI convictions, being labeled a high risk driver and even delays in paying claims. It doesn’t matter why you want to switch switching companies is pretty simple and you could end up saving a buck or two.

Budget-conscious 2004 Cadillac Escalade insurance can be purchased on the web in addition to many insurance agents, so compare prices from both to have the best chance of lowering rates. Some insurance companies do not provide online price quotes and these small insurance companies work with independent agents.

We’ve covered many ways to get a better price on insurance. The key concept to understand is the more rate quotes you have, the better likelihood of reducing your rate. You may even discover the lowest premiums are with some of the smallest insurance companies.

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