Cheap Cadillac Escalade Insurance in Philadelphia

Did you come to the realization that you have an overpriced car insurance policy? Don’t feel bad because there are lots of people in the same boat.

It goes without saying that insurance companies want to prevent you from shopping around. Consumers who shop around for a cheaper policy are likely to move their business because they have a good chance of finding a policy with better rates. A survey found that consumers who shopped around annually saved $860 a year compared to other drivers who never shopped around.

If finding budget-friendly rates on insurance is the reason you’re reading this, then learning a little about how to compare car insurance can help you succeed in saving money.

There is such a variety of insurers to choose from, and even though it’s nice to have a selection, too many choices makes it more difficult to locate the cheapest rates for Cadillac Escalade insurance in Philadelphia.

Consumers need to compare premium rates before your next renewal since prices are constantly changing. Even if you think you had the lowest rates on Cadillac Escalade insurance in Philadelphia a few years ago you can probably find a lower rate today. You’ll find quite a bit of inaccurate information about Escalade insurance on the web, but by reading this article, you’re going to learn some guaranteed methods to save money.

Locating the best rates in Philadelphia is much easier if you have a good place to start. Just about each driver who is required to buy insurance should be able to lower their premiums. But Pennsylvania vehicle owners must comprehend how insurance companies calculate your insurance rates because it varies considerably.

When shopping for low cost Philadelphia car insurance quotes, there are a couple of ways to obtain and compare prices from auto insurance companies in your area. One of the best ways to lower the rate you pay for Cadillac Escalade insurance is simply to get online rate quotes.

Comparison shopping quotes online is easy and it makes it obsolete to spend your day driving to and from local insurance agencies. The ability to get quotes online has made agencies unnecessary unless you prefer the professional guidance that you can only get from talking to an agent. It is possible with some companies find lower rates online and have a local agent actually service the policy. When comparison shopping, comparing more quotes gives you a better chance of getting lower pricing. Not every company allows you to get price estimates online, so you should also compare rates on coverage from those companies, too.

The following companies have been selected to offer comparison quotes in Pennsylvania. If more than one company is shown, we suggest you visit two to three different companies in order to find the lowest rates.

Philadelphia car insurance discounts

Companies don’t necessarily list the entire discount list very clearly, so the next list breaks down both the well known in addition to some of the lesser obvious discounts that you may qualify for.

• Cautious Driver Discounts – Drivers who don’t get into accidents may receive a discount up to 45% compared to accident prone drivers.
• Early Payment Discounts – By making one initial payment instead of making monthly payments you can avoid the installment charge.
• Distant Student Discount – Children who are attending college and do not have access to a covered vehicle may be insured at a cheaper rate.
• Theft Deterrent – Cars equipped with anti-theft or alarm systems prevent vehicle theft and qualify for as much as a 10% discount.
• Safety Restraint Discount – Buckling up and requiring all passengers to wear their seat belts can save 10% or more off the PIP or medical payment premium.
• Professional Organizations – Affiliation with a qualifying organization could trigger savings on your next car insurance statement.
• Homeowners Savings – Owning your own home or condo can save a few bucks since owning and maintaining a home shows financial diligence.
• Low Mileage Discounts – Keeping the miles down on your Cadillac may enable drivers to earn lower prices on the low mileage vehicles.
• Multi-policy Discount – If you combine your home and auto policies and place coverage with the same company you could get a discount of up to 20% and get you cheap Escalade insurance.
• Service Members Pay Less – Being on active deployment in the military could mean lower rates.

While discounts sound great, it’s important to understand that some of the credits will not apply to the entire cost. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. So despite the fact that it appears you could get a free car insurance policy, you aren’t that lucky.

The example below visualizes the comparison of Cadillac Escalade premium costs with and without discounts applied to the premium. The rates are based on a male driver, no claims or driving citations, Pennsylvania state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, safe-driver, marriage, multi-car, and homeowner discounts applied.

Large car insurance companies and some of the discounts are detailed below.

• Farm Bureau discounts include good student, multi-policy, multi-vehicle, 55 and retired, safe driver, youthful driver, and driver training.
• Liberty Mutual includes discounts for teen driver discount, good student, new graduate, newly married, and new vehicle discount.
• State Farm offers discounts including anti-theft, multiple autos, driver’s education, accident-free, good driver, and student away at school.
• Auto-Owners Insurance has savings for good student, group or association, anti-theft, paid in full, and company car.
• GEICO may offer discounts for military active duty, multi-policy, five-year accident-free, good student, multi-vehicle, and anti-theft.
• SAFECO has discounts for anti-theft, teen safe driver, bundle discounts, homeowner, drive less, teen safety rewards, and accident prevention training.

Double check with each insurance company to apply every possible discount. Some credits may not apply to policies in every state. If you would like to choose from a list of insurance companies who offer car insurance discounts in Philadelphia, click here.

Car insurance analysis for a Cadillac Escalade

The rate information displayed next covers a range of insurance policy prices for Cadillac Escalade models. Having a better idea how rate quotes are formulated can aid in making smart choices when purchasing an auto insurance policy.

Price data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Premium costs do not factor in specific garaging location which can influence auto insurance rates substantially.

Policy deductible comparison

The hardest decision when buying coverage is how high should the deductibles for physical damage be. The tables below highlight the price difference between high and low policy deductibles. The first rate estimation uses a $100 deductible for comp and collision and the second price grid uses a $500 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Price estimates do not factor in specific location which can influence premiums substantially.

Based on the figures above, using a $100 deductible will cost you roughly $32 more each month or $384 for a full year than quoting the higher $500 deductible. Since the policyholder would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you average at least 13 months between claim filings, you would probably come out ahead if you decide on a higher deductible.

Does it make sense to buy full coverage?

The illustration below shows the comparison of Cadillac Escalade premium costs with and without full coverage. The premiums assume no claims or violations, $500 deductibles, marital status is single, and no discounts are taken into consideration.

Should you pay for full coverage?

There is no set guideline to drop full coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then it might be time to buy liability only.

For example, let’s assume your Cadillac Escalade replacement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $7,000 after the policy deductible has been paid. If you are paying in excess of $700 annually for full coverage, then it could be time to drop full coverage.

There are a few cases where only buying liability is not recommended. If you still owe a portion of the original loan, you have to carry full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.

How Insurance Providers Determine Cadillac Escalade Insurance Prices

A large part of saving on auto insurance is knowing some of the factors that help determine the level of your policy premiums. When consumers understand what influences your rates, this enables you to make decisions that can help you get lower rates. Many different elements are part of the equation when you quote your car insurance policy. Some of the criteria are obvious such as your driving record, but others are less obvious such as whether you are married or your commute time.

Rate your vehicle for proper use – The higher the miles on your Cadillac in a year’s time the more you’ll pay to insure it. Most insurance companies calculate prices based on their usage. Autos that are left in the garage receive lower rates than cars that get driven a lot. Improper usage on your Escalade may be wasting your money. It’s a good idea to make sure your declarations sheet is showing the correct driver usage, because improper ratings can cost you money.

Being married is a good thing – Having a wife or husband may save some money compared to being single. Having a spouse demonstrates that you tend to be less irresponsible and statistics show being married results in fewer claims.

Driving citations increase rates – Attentive drivers pay less for auto insurance than bad drivers. Getting just one ticket can bump up the cost twenty percent or more. Drivers unfortunate enough to have severe violations such as DUI or reckless driving may find that they have to to maintain a SR-22 with their state’s licensing department in order to prevent a license revocation.

The chart below demonstrates how citations and at-fault fender-benders raise Cadillac Escalade car insurance rates for different age groups of insureds. The prices are based on a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no other discounts are factored in.

Lower auto insurance rates with alarms and GPS tracking – Purchasing a vehicle that has an advanced theft prevention system can save you some money. Theft prevention features like OnStar, LoJack tracking, and tamper alarms all help stop your car from being stolen.

Male premiums may be higher – Over the last 30 years, statistics show that men are more aggressive behind the wheel. That doesn’t necessarily mean that women are BETTER drivers than men. Men and women are responsible for at-fault accidents at a similar rate, but the male of the species have accidents that have higher claims. Men also statistically receive more major tickets such as DWI and reckless driving. Male teenagers are most likely to cause an accident and therefore have the most expensive auto insurance rates.

The diagram below shows the comparison of Cadillac Escalade annual premium costs for male and female drivers. The rates are based on a clean driving record, no at-fault accidents, full coverage, $500 deductibles, single marital status, and no policy discounts are applied.

Cadillac Escalade insurance loss statistics – Car insurance companies include the past claim history for a vehicle in order to profitably underwrite each model. Vehicles that tend to have high amounts or severity of claims will cost more for specific coverages.

The information below illustrates the collected loss data for Cadillac Escalade vehicles. For each type of coverage, the claim probability for all vehicles compiled together is considered to be 100. Percentages below 100 mean the vehicle has better than average losses, while values that are 100 or greater show a trend for more claims or an increased probability of a larger loss.

Compare rates but still have a local Philadelphia insurance agent

Some people still like to sit down and talk to an agent and that is not a bad decision A good thing about comparing insurance prices online is you can get cheap insurance rates and still have an agent to talk to.

To help locate an agent, after submitting this short form, your coverage information is instantly submitted to agents in your area that can give you free Philadelphia car insurance quotes and help you find cheaper coverage. You never need to contact any insurance agencies since rate quotes are delivered to you directly. You can find better rates AND a local agent. If you have a need to compare prices from a specific company, you can always go to their quote page and give them your coverage information.

Choosing an company should include more criteria than just the price. Here are some questions to ask:

• Are there any extra charges for paying monthly?
• Do they have any clout with companies to ensure a fair claim settlement?
• Are they involved in claim handling?
• Do they feel the quoted coverages are adequate?
• How long have they been in business?
• Are all drivers listed on the coverage quote?
• Does the quote include credit and driving reports?
• What are their preferred companies if they are an independent agency?

If you feel you receive positive feedback to all your questions as well as offering an affordable quote, most likely you have located an insurer that can properly insure your vehicles. But keep in mind it’s your policy and you can cancel your policy at any point so don’t feel you are locked into the insurance policy for the entire policy term.

You may need specialized car insurance coverage

When buying coverage online or from an agent, there is no cookie cutter policy. Each situation is unique.

Here are some questions about coverages that may help you determine if your insurance needs may require specific advice.

• How can I find cheaper teen driver insurance?
• If my pet gets injured in an accident are they covered?
• Can I insure my car for more than it’s worth?
• Do they offer discounts for home and auto coverage?
• Does my liability insurance cover pulling a trailer or camper?
• Am I covered when using my vehicle for business?
• Do I have coverage if my license is suspended?
• I don’t drive much so do I pay less?
• What is glass protection for?

If it’s difficult to answer those questions, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form.

Compare rates regularly to save

Low-cost Cadillac Escalade insurance in Philadelphia is definitely available online as well as from insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates. There are still a few companies who don’t offer rate quotes online and many times these regional insurance providers only sell coverage through independent insurance agencies.

You just read a lot of ways to save on Cadillac Escalade insurance in Philadelphia. The most important thing to understand is the more providers you compare, the better chance you’ll have of finding affordable Philadelphia car insurance quotes. You may even be surprised to find that the most savings is with the smaller companies.

People change insurance companies for a variety of reasons including not issuing a premium refund, delays in paying claims, denial of a claim and even poor customer service. It doesn’t matter what your reason, switching car insurance companies can be easy and end up saving you some money.

To read more, link through to the resources below:

• Information for Teen Drivers (GEICO)
• Who Has Affordable Philadelphia Car Insurance Rates for Single Moms? (FAQ)
• Who Has Affordable Auto Insurance for Drivers Over Age 60 in Philadelphia? (FAQ)
• How Much are Car Insurance Rates for Teenagers in Philadelphia? (FAQ)
• Who Has the Cheapest Philadelphia Car Insurance for Police Officers? (FAQ)
• Cellphones, Texting and Driving (iihs.org)
• Safety Tips for Teen Drivers (Insurance Information Institute)
• Older Driver Statistics (Insurance Information Institute)
• Coverage Information (Progressive Insurance)