How Much Does 2016 Cadillac Escalade ESV Car Insurance Cost?

Searching for lower insurance rates? Consumers have options when looking for affordable Cadillac Escalade ESV insurance. They can either waste time calling around trying to get quotes or leverage the internet to compare rates. There are both good and bad ways to compare insurance rates so you’re going to learn the proper way to compare rates on a Cadillac and get the best price possible either online or from local insurance agents.

Compare quotes for insurance

There are multiple methods to compare insurance quotes, but one way is less time-consuming than others. You can waste hours discussing policy coverages with insurance companies in your area, or you can stay home and use online quoting to get rates in a matter of minutes.

All the larger companies belong to a marketplace where prospective buyers complete one form, and each company can give them a price for coverage. This saves time by eliminating form submissions to each individual insurance company.

To compare pricing click here (opens in new window).

The only drawback to doing it this way is that consumers can’t choose which carriers you will receive quotes from. If you wish to select specific providers to receive pricing from, we have assembled a list of companies who write insurance in your area. Click here for list of insurance companies.

It’s up to you how you get prices quotes, just double check that you are using the same deductibles and coverage limits for each comparison quote. If each company quotes higher or lower deductibles it’s impossible to determine the best price for your Cadillac Escalade ESV.

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Find hidden discounts to get affordable insurance coverage rates

Properly insuring your vehicles can get expensive, but there could be significant discounts that you may not know about. Most are applied at quote time, but a few must be specially asked for before you get the savings.

• Claim-Free Discount – Insureds with no claims or accidents pay much less as opposed to drivers who are more careless.
• Early Signing – Some companies give discounts for buying a policy prior to the expiration date on your current policy. The savings is around 10%.
• Life Insurance – Select insurance companies reward you with a break if you buy life insurance from them.
• Early Payment Discounts – By paying your policy upfront rather than spreading payments over time you could save 5% or more.
• Online Discount – Certain insurance companies may give you up to $50 simply for signing online.
• More Vehicles More Savings – Purchasing coverage when you have multiple cars on one policy may reduce the rate for each vehicle.
• Discounts for New Vehicles – Buying a new car instead of a used car can get you a discount because new vehicles keep occupants safer.
• Drivers Ed for Students – It’s a good idea to have your young drivers sucessfully take a drivers education course as it can save substantially.
• Braking Control Discount – Anti-lock brake equipped vehicles can reduce accidents and qualify for as much as a 10% discount.

It’s important to note that some credits don’t apply to the entire cost. The majority will only reduce individual premiums such as physical damage coverage or medical payments. Despite the appearance that adding up those discounts means a free policy, insurance companies wouldn’t stay in business. But all discounts will help lower the premium cost.

To see a list of insurance coverage companies that provide some of the discounts listed above, click here to view.

Cadillac Escalade ESV insurance rate factors

Lots of factors are part of the calculation when pricing auto insurance. Most are fairly basic such as your driving record, but others are not as apparent like your vehicle usage or how financially stable you are.

The items below are some of the things used by companies to determine your premiums.

• Proper usage rating affects premiums – The more you drive every year the more you’ll pay to insure it. Most companies calculate prices partially by how you use the vehicle. Vehicles not used for work or commuting can be on a lower rate level than those used for commuting. Ask your agent if your insurance coverage declarations sheet correctly shows the correct driver usage, because it can save money. A policy that improperly rates your Escalade ESV may be costing you.
• Safer vehicles cost less to insure – Vehicles with good safety scores get lower rates. Safe vehicles reduce injuries and better occupant protection translates into savings for insurance companies which can mean better rates for you. If the Cadillac Escalade ESV scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may pay a lower rate.
• Deter theft and pay less – Owning a car with advanced anti-theft systems can help lower your premiums. Advanced theft deterrents such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder your vehicle from being stolen.
• Policy add-ons may not be needed – There are many extra add-on coverages that sound like a good idea at the time if you aren’t diligent. Coverage for things like roadside assistance, towing, and extra life insurance coverage may be wasting your money. These coverages may sound good initially, but if you don’t need them consider taking them off your policy.
• Rates may be higher where you live – Being located in small towns and rural areas is a positive aspect when talking about insurance coverage. City drivers regularly have congested traffic and higher rates of accident claims. Fewer drivers and short commutes translates into fewer accident claims and also fewer theft and vandalism claims.
• How much liability coverage do you need? – A critical coverage on your policy, liability insurance kicks in if ever you are responsible for damages caused by your negligence. It will provide legal defense to attempt to prove you were not liable. Liability insurance is quite affordable when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.
• Having a spouse can lower rates – Being married helps lower the price when buying insurance coverage. Having a spouse translates into being more mature than a single person and statistics show being married results in fewer claims.
• Higher premiums for specific jobs – Did you know your occupation can influence how much you pay for insurance coverage? Careers like military personnel, executives and accountants are shown to have higher rates than the rest of us in part from intense work-related stress and lots of time spent at work. On the other hand, careers like professors, students and retirees generally pay rates lower than average for Escalade ESV insurance.

Tailor your insurance coverage to you

When buying coverage, there is no single plan that fits everyone. Everyone’s situation is a little different.

Here are some questions about coverages that may help you determine whether you might need professional guidance.

• Should I rate my 2016 Cadillac Escalade ESV as pleasure use or commute?
• How much liability coverage do I need in my state?
• Does my policy pay for OEM or aftermarket parts?
• Where can I find high-risk insurance?
• Am I covered if I crash into my own garage door?
• Why am I be forced to buy a membership to get insurance from some companies?
• Is my teen driver covered when they drive my company car?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form. It’s fast, doesn’t cost anything and can provide invaluable advice.

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Insurance coverages 101

Having a good grasp of insurance can be of help when determining appropriate coverage for your vehicles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.

Auto collision coverage

This will pay to fix damage to your Escalade ESV from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as rolling your car, hitting a parking meter, sustaining damage from a pot hole and scraping a guard rail. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to save money on collision insurance.

Liability coverage

This can cover damages or injuries you inflict on people or other property in an accident. This coverage protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability insurance covers things such as court costs, medical expenses, structural damage and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but consider buying as large an amount as possible.

Insurance for medical payments

Med pay and PIP coverage provide coverage for expenses for dental work, ambulance fees, pain medications and hospital visits. They can be utilized in addition to your health insurance plan or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family and also any damage incurred to your 2016 Cadillac Escalade ESV.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as damage from a tornado or hurricane, hitting a deer and damage from getting keyed. The maximum amount a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Save your hard earned cash

Cheaper 2016 Cadillac Escalade ESV insurance is possible on the web in addition to local insurance agencies, and you should be comparing both to get a complete price analysis. Some insurance companies do not provide rates over the internet and many times these regional insurance providers only sell coverage through independent agents.

Insureds switch companies for any number of reasons including high rates after DUI convictions, not issuing a premium refund, poor customer service and even an unsatisfactory settlement offer. Regardless of your reason for switching companies, switching companies is actually quite simple.

As you shop your coverage around, it’s very important that you do not reduce needed coverages to save money. There are too many instances where someone sacrificed uninsured motorist or liability limits only to find out that it was a big error on their part. Your goal is to buy the best coverage you can find for the lowest cost, but do not sacrifice coverage to save money.

Other resources

• Distracted Driving Extends Beyond Texting (State Farm)
• Side Impact Crash Tests (iihs.org)
• Credit and Insurance Scores (Insurance Information Insitute)
• Cellphones, Texting and Driving (iihs.org)
• Insuring a Leased Car (Insurance Information Insitute)

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