Cheap Insurance for a Cadillac Escalade in Aurora

It’s well known that auto insurance companies don’t want you comparing rates. People who rate shop once a year will presumably switch to a new company because they stand a good chance of finding more affordable rates. A study showed that consumers who did price comparisons regularly saved an average of $865 a year as compared to drivers who never compared rates.

If finding budget-friendly Cadillac Escalade insurance is your ultimate target, then knowing the best way to quote and compare car insurance can save money and time.

Really, the only way to get discount Cadillac Escalade insurance in Aurora is to start doing an annual price comparison from different companies who provide car insurance in Colorado. Prices can be compared by completing these steps.

• Step 1: Read about how companies set rates and the measures you can control to prevent rate increases. Many rating criteria that cause high rates like accidents, careless driving, and a not-so-good credit score can be improved by improving your driving habits or financial responsibility.
• Step 2: Request price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only quote rates from a single company like Progressive or Allstate, while agents who are independent can provide rate quotes from multiple insurance companies.
• Step 3: Compare the price quotes to your current policy and see if you can save money. If you can save money and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
• Step 4: Tell your current agent or company of your intention to cancel your current auto insurance policy. Submit a down payment along with a signed application to your new carrier. When you receive it, put the proof of insurance certificate with the vehicle registration.

An essential thing to point out is to use the same coverage limits and deductibles on every price quote and and to compare all possible companies. Doing this enables a level playing field and a thorough price selection.

Premium rates and analysis

The price information shown next highlights a range of insurance rates for Cadillac Escalade models. Having a good understanding how premiums are determined can help customers make smart choices when choosing a car insurance company.

Premium data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Premium amounts do not factor in specific garaging location which can affect insurance rates considerably.

Comparison of policy deductibles

A question often asked by Aurora drivers is how high or low should comp and collision deductibles be. The tables below outline the cost difference when you choose different comp and collision deductibles. The first set of rates uses a $250 physical damage coverage deductible and the second rate table uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Premium amounts do not factor in Aurora location which can increase or decrease price quotes significantly.

We can derive from the above data that using a $250 deductible will cost you approximately $37 more each month or $444 each year than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average more than 20 months between claims, you would more than likely save some money if you opt for a higher deductible. The table below shows a better example of how this decision is made.

Cadillac Escalade annual premiums for males versus females

The example below compares Cadillac Escalade insurance premiums for male and female drivers. The price estimates are based on no accidents or driving violations, comprehensive and collision coverage, $1,000 deductibles, single marital status, and no discounts are taken into consideration.

Full coverage versus liability only rates

The chart below illustrates the difference between Cadillac Escalade car insurance costs with full physical damage coverage and with liability coverage only. The premiums assume no claims or violations, $100 deductibles, marital status is single, and no discounts are taken into consideration.

Should you be buying full coverage?

There is no clear-cut rule to eliminate physical damage coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s assume your Cadillac Escalade replacement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company will settle for is $6,000 after paying the physical damage deductible. If you are paying in excess of $600 annually for full coverage, then you might want to consider buying only liability coverage.

There are some scenarios where removing full coverage is not advised. If you still have a loan on your vehicle, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not buy liability only.

Educated Choices Result in Lower Insurance Prices

Lots of things are part of the equation when you get a price on insurance. Some are pretty understandable such as your driving record, but others are more transparent such as whether you are married or your vehicle rating.

• Deter theft and reduce rates – Choosing a vehicle with anti-theft technology or alarm system can save you some money. Advanced theft deterrents such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help prevent car theft.
• Married drivers pay lower rates – Having a significant other can actually save you money when shopping for insurance. Having a spouse means you’re less irresponsible and statistics prove married couples file fewer claims.
• Liability coverage limits should be high – Your policy’s liability coverage will provide protection in the event that you are responsible for physical damage or personal injury to other. Your policy’s liability insurance provides legal defense up to the limits shown on your policy. It is affordable coverage compared to comp and collision, so drivers should carry high limits.
• Your credit history is important – Your credit score is a large factor in determining what you pay. So if your credit history could use some work, you could pay less to insure your Cadillac Escalade if you clean up your credit. Insureds with very good credit scores tend to file fewer claims than drivers with bad credit.

• Insurance loss data for a Cadillac Escalade – Insurance companies take into consideration historical loss data for every vehicle to calculate a price that will offset losses. Models that statistically have higher loss trends will have higher rates for specific coverages.

  The information below illustrates the actual insurance loss data for Cadillac Escalade vehicles. For each policy coverage type, the claim amount for all vehicles combined as an average is represented as 100. Numbers shown that are under 100 imply a favorable loss record, while values that are above 100 indicate a higher chance of having a claim or larger claims.

  
  

  Cadillac Escalade Insurance Loss Statistics

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Cadillac Escalade 4dr 2WD	156		122
  Cadillac Escalade 4dr 4WD	132	99	119	55
  Cadillac Escalade ESV 4dr 2WD	124
  Cadillac Escalade ESV 4dr 4WD	123	106	155

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics from IIHS.org for 2013-2015 Model Years

How to find a good Colorado car insurance company

Insuring your vehicle with the highest-rated insurance provider can be difficult considering how many companies sell coverage in Colorado. The ranking information shown below may help you analyze which car insurance providers you want to consider comparing rates from.

Top 10 Aurora Car Insurance Companies Ranked by Value

1. USAA
2. American Family
3. The Hartford
4. Titan Insurance
5. The General
6. AAA Insurance
7. State Farm
8. Nationwide
9. Safeco
10. Esurance

Top 10 Aurora Car Insurance Companies Ranked by Customer Service

1. GEICO
2. State Farm
3. The Hartford
4. The General
5. Progressive
6. Allstate
7. AAA Insurance
8. American Family
9. Nationwide
10. Travelers

One last thing to lower rates

As you go through the steps to switch your coverage, it’s not a good idea to skimp on critical coverages to save a buck or two. In many instances, someone dropped collision coverage only to discover later that they should have had better coverage. Your aim should be to find the BEST coverage at the best possible price, but do not skimp to save money.

Throughout this article, we presented a lot of techniques to shop for Cadillac Escalade insurance online. The key thing to remember is the more you quote Aurora car insurance, the higher your chance of finding affordable Cadillac Escalade insurance quotes. You may even find the lowest rates come from a smaller regional carrier. They may often insure only within specific states and give better rates compared to the large companies like State Farm or Progressive.

Some companies may not offer price quotes online and these regional carriers work with independent agents. Lower-priced insurance in Aurora can be purchased from both online companies as well as from independent agents in Aurora, and you need to comparison shop both to have the best rate selection.

Additional insurance information can be found on the following sites:

• Safety Belts FAQ (iihs.org)
• Who Has the Cheapest Aurora Auto Insurance for Immigrants? (FAQ)
• Who Has Cheap Car Insurance Rates for Drivers with Accidents in Aurora? (FAQ)
• Think You’re a Safe Driver? (State Farm)
• Event Data Recorders FAQ (iihs.org)
• What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
• Frontal Crash Tests (iihs.org)