I can’t think of anyone who cherishes buying auto insurance, especially when the price is too high.
Big-name insurance companies like GEICO and Progressive constantly blast consumers with TV and radio ads and it can be hard to see past the geckos and flying pigs and do the work needed to find the best deal.
Insurance can be prohibitively expensive, but companies offer discounts that many people don’t even know exist. Certain discounts will be triggered automatically at quote time, but a few must be asked about prior to getting the savings.
A little note about advertised discounts, many deductions do not apply to the entire policy premium. Most only cut the cost of specific coverages such as medical payments or collision. So despite the fact that it appears adding up those discounts means a free policy, companies wouldn’t make money that way. Any qualifying discounts will bring down your premiums.
A partial list of companies that possibly offer some of the above discounts are:
Before buying, ask each insurance company which discounts they offer. Savings might not apply in your state.
When shopping for auto insurance there are multiple ways of comparing price quotes from auto insurance companies in your area. The easiest way to find competitive 2013 Cadillac Escalade insurance rates is to perform an online rate comparison. This is very easy and can be done in a couple of different ways.
The recommended way to get quotes for comparison would be an industry-wide quote request form like this one (opens in new window). This method prevents you from having to do a different quote to each individual auto insurance company. One form will get you price quotes from all major companies.
Another way to obtain and compare quotes online is to take the time to go to each company’s website and request a quote. For sake of this example, we’ll assume you want to compare rates from Progressive, Allstate and GMAC. You would have to go to every website to input your insurance information, and that’s why the first method is more popular. To view a list of companies in your area, click here.
It’s your choice how you get your quotes, but ensure you’re using identical coverages and limits for every quote you compare. If you use different deductibles it will be very difficult to truly determine the lowest rate. Quoting even small variations in limits can make a big difference in price. Just remember that comparing a large number of companies helps locate better pricing.
Consumers need to have an understanding of the different types of things that come into play when calculating car insurance rates. Knowing what influences your rates empowers consumers to make smart changes that could result in much lower annual insurance costs.
When buying coverage, there really is not a single plan that fits everyone. Coverage needs to be tailored to your specific needs so this has to be addressed. Here are some questions about coverages that may help you determine if your situation would benefit from an agent’s advice.
If you can’t answer these questions but one or more may apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.
Knowing the specifics of insurance can help you determine the best coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverages offered by insurance companies.
Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP pay for expenses for things like pain medications, surgery, hospital visits, dental work and prosthetic devices. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage
Collision coverages – This coverage will pay to fix damage to your Escalade resulting from a collision 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 coverage protects against things such as driving through your garage door, backing into a parked car, hitting a mailbox and crashing into a ditch. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.
Comprehensive insurance – This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things like damage from flooding, hail damage, rock chips in glass, fire damage and vandalism. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Cadillac Escalade.
Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally the UM/UIM limits are set the same as your liablity limits.
Liability coverage – Liability insurance will cover damage or injury you incur to other people or property that is your fault. It protects you against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 100/300/100 which means a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.
Liability coverage protects against claims like pain and suffering, court costs, loss of income and medical expenses. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as large an amount as possible.
Lower-priced 2013 Cadillac Escalade insurance is attainable both online and with local insurance agents, so compare prices from both so you have a total pricing picture. A few companies do not offer online price quotes and these small, regional companies work with independent agents.
We just showed you many tips how you can get a better price on insurance. The key thing to remember is the more providers you compare, the higher your chance of finding lower rates. You may even find the best price on auto insurance is with the least-expected company. These companies may have significantly lower rates on certain market segments as compared to the big name companies such as Allstate, GEICO and Progressive.
To read more, take a look at the resources below: