2010 Cadillac Escalade Hybrid Car Insurance Cost – 6 Tips to Save

I can’t think of anyone who looks forward to paying for car insurance, particularly when their premiums are through the roof.

Many insurers vie for your insurance dollar, so it can be very hard to choose a provider to find the lowest price

If you have car insurance now, you will be able to lower your premiums substantially using this information. Finding affordable coverage is not that difficult. But drivers need to learn the way insurance companies price insurance differently and use this information to your advantage.

Save money by taking advantage of these six discounts

Companies that sell car insurance do not advertise every discount in an easy-to-find place, so we break down both the well known and the more hidden auto insurance savings.

  • Auto/Life Discount – Select insurance companies reward you with better rates if you take out life insurance.
  • Use Seat Belts – Using a seat belt and requiring all passengers to use a seat belt can save 10% or more on the medical payments or PIP coverage costs.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems help deter theft and qualify for as much as a 10% discount.
  • Military Rewards – Having a family member in the military may qualify for rate reductions.
  • Accident Forgiveness – A few companies will forgive one accident without raising rates if your claims history is clear for a certain period of time.
  • Early Switch Discount – Some insurance companies reward drivers for switching policies before your current policy expires. It’s a savings of about 10%.

It’s important to understand that some of the credits will not apply the the whole policy. The majority will only reduce specific coverage prices like liability, collision or medical payments. Just because it seems like you could get a free auto insurance policy, it just doesn’t work that way.

For a list of providers with discount auto insurance rates, click this link.

Buyer beware of insurance coverage advertising tricks

Companies like Allstate and Progressive regularly use ads on television and other media. All the ads make the same claim that you can save if you move your coverage to them. How does each company say the same thing? This is how they do it.

All the different companies have a preferred profile for the right customer they prefer to insure. An example of a driver they prefer might be over the age of 40, has no driving citations, and has great credit. A propective insured who meets those qualifications receives the best rates and most likely will save a lot of money.

Drivers who don’t meet the “perfect” profile will have to pay more money and this can result in business going elsewhere. The ads say “customers that switch” but not “drivers who get quotes” save that kind of money. That’s the way insurance companies can state the savings. Because of the profiling, drivers should get as many comparisons as possible. It’s impossible to know the company that will give you the biggest savings on Cadillac Escalade Hybrid insurance.

When should I use an insurance agent?

When buying adequate coverage, there isn’t really a single plan that fits everyone. Everyone’s situation is unique so your insurance should reflect that For instance, these questions can help discover if you would benefit from an agent’s advice.

  • Do I need PIP coverage since I have good health insurance?
  • When would I need rental car insurance?
  • Are my friends covered when driving my 2010 Cadillac Escalade Hybrid?
  • Do I need to file an SR-22 for a DUI in my state?
  • How much liability do I need to cover my assets?
  • When should I buy a commercial auto policy?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Will I lose any money if I cancel my policy before it expires?
  • Exactly who is provided coverage by my policy?
  • Should I buy more coverage than the required minimum liability coverage?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies.

Educate yourself about car insurance coverages

Understanding the coverages of a car insurance policy can help you determine the right coverages for your vehicles. Car insurance terms can be difficult to understand and nobody wants to actually read their policy. Listed below are the normal coverages offered by car insurance companies.

Coverage for collisions

This pays for damage to your Escalade Hybrid from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like backing into a parked car, sustaining damage from a pot hole, colliding with another moving vehicle, crashing into a building and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. It’s also possible to bump up the deductible to save money on collision insurance.

Comprehensive insurance

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like hitting a deer, falling objects, hail damage, hitting a bird and damage from flooding. The highest amount a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Liability coverage

Liability insurance can cover damages or injuries you inflict on other’s property or people in an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 100/300/100 which stand for $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage pays for things such as attorney fees, repair bills for other people’s vehicles, medical expenses and loss of income. The amount of liability coverage you purchase is your choice, but buy as much as you can afford.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for bills such as hospital visits, dental work, pain medications and rehabilitation expenses. They are often used in conjunction with a health insurance program or if you do not have health coverage. It covers all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Quote more. Save more.

Cheap 2010 Cadillac Escalade Hybrid insurance is possible both online as well as from independent agents, so you should compare both in order to have the best chance of saving money. Some auto insurance companies don’t offer online price quotes and most of the time these small, regional companies sell through independent agents.

We just covered a lot of techniques to shop for insurance online. The key concept to understand is the more quotes you get, the higher your chance of finding lower rates. You may be surprised to find that the most savings is with some of the lesser-known companies. They may cover specific market segments cheaper as compared to the big name companies such as Progressive or GEICO.

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