Cadillac Escalade Insurance Rate Quotes in Louisville

Do you need a better way to compare the cheapest Cadillac Escalade insurance in Louisville? Wish you could get out of an expensive auto insurance policy? Don’t feel bad because you’re not the only one.

Sadly, nearly 70% of drivers have purchased from the same company for well over three years, and almost half have never compared auto insurance rates at all. Many consumers in Louisville could cut their rates by up to $631 a year by just comparing quotes, but they don’t know how much savings they would realize if they switched to a cheaper policy. Consumers have multiple auto insurance companies to pick from, and though it is a good thing to have a choice, too many choices makes it more difficult to find the best rates for your vehicles.

The companies in the list below can provide comparison quotes in Kentucky. To get cheaper car insurance in Kentucky, it’s highly recommended you get price quotes from several of them in order to find the cheapest rates.

Auto insurance discounts are available for cheaper rates

Not too many consumers would say auto insurance is affordable, but you may be missing some discounts that many people don’t even know exist. Larger premium reductions will be automatically applied when you quote, but a few must be manually applied prior to receiving the credit.

• No Claims – Drivers who don’t have accidents pay less compared to drivers who are more careless.
• Bundled Policy Discount – If you can bundle your auto and home insurance and insure them with the same company you could get a discount of as much as 10 to 15 percent.
• College Student – College-age children living away from Louisville attending college and won’t have access to an insured vehicle can be insured at a reduced rate.
• Save over 55 – If you qualify as a senior citizen, you may be able to get a discount up to 10%.
• Include Life Insurance and Save – Not every insurance company offers life insurance, but if they do you may earn a break if you buy life insurance from them.
• Payment Method – If you pay your entire premium ahead of time as opposed to paying monthly you can avoid the installment charge.
• Drivers Education – Have your child complete a driver education course in school or through a local driver safety program.
• Discounts for Cautious Drivers – Drivers without accidents can pay as much as 50% less as compared to drivers with claims.
• Organization Discounts – Participating in specific professional or occupational memberships or organizations can get you a small discount when getting a Louisville car insurance quote.

A little disclaimer on discounts, most discounts do not apply to all coverage premiums. Some only apply to individual premiums such as comp or med pay. So even though you would think you could get a free auto insurance policy, it just doesn’t work that way.

The chart below illustrates the difference between Cadillac Escalade annual premium costs with and without discounts. The rates are based on a male driver, a clean driving record, no claims, Kentucky state minimum liability limits, comp and collision included, and $250 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, multi-car, homeowner, and marriage discounts applied.

Large auto insurance companies and some of the discounts include:

• The Hartford may offer discounts for bundle, good student, defensive driver, vehicle fuel type, and anti-theft.
• American Family has discounts for early bird, defensive driver, mySafetyValet, air bags, multi-vehicle, Steer into Savings, and good student.
• Progressive offers discounts including online quote discount, online signing, continuous coverage, homeowner, and good student.
• Travelers may have discounts that include driver training, student away at school, payment discounts, multi-policy, and hybrid/electric vehicle.
• Farmers Insurance offers premium reductions for electronic funds transfer, homeowner, distant student, multi-car, bundle discounts, and early shopping.
• USAA offers discounts for new vehicle, loyalty savings, defensive driver, vehicle storage, military installation, and driver training.
• Liberty Mutual includes discounts for newly retired, safety features, preferred payment discount, newly married, and hybrid vehicle.

If you need lower rates, check with every company which discounts can lower your rates. A few discounts might not be available to policyholders in Louisville. To find insurance companies that offer discounts in Louisville, click this link.

Data for Cadillac Escalade insurance

The coverage table displayed next highlights detailed analysis of insurance rates for Cadillac Escalade models. Being more informed about how insurance policy rates are figured can assist in making smart choices when selecting a coverage provider.

Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Price estimates do not factor in vehicle location which can decrease or increase rates greatly.

Deductible analysis

When buying insurance, a common question is what deductibles to buy. The comparisons below may help to conceptualize how much more you’ll pay of buying low and high deductibles. The first rate comparisons uses a $100 comprehensive and collision deductible and the second rate chart uses a $500 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Premium amounts do not factor in specific garaging location which can change auto insurance rates significantly.

We can estimate from the data above that using a $100 deductible costs approximately $32 more each month or $384 every year than choosing the higher $500 deductible. Because you would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you go more than 13 months between claims, you would probably save some money by going with a higher deductible.

One thing to be aware of is that a higher deductible results in a higher out-of-pocket expense when you have a physical damage claim. You need to have enough disposable savings in the event you need to pay the higher deductible in order to repair your vehicle.

The information below demonstrates how deductible levels and can impact Cadillac Escalade insurance premiums for each different age group. The rates are based on a single female driver, comp and collision included, and no other discounts are factored in.

Gender differences in insurance premiums

The example below shows the comparison of Cadillac Escalade insurance costs for male and female drivers. The rate quotes are based on no driving violations, no at-fault accidents, comprehensive and collision coverage, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.

When to contact an insurance agency

A small number of people would rather sit down with an agent and that can be a great decision Good agents can help you choose the best coverages and help file insurance claims. An additional benefit of comparing auto insurance online is you may find the lowest rates and still have a local agent.

After completing this quick form, your information is sent to companies in Louisville who will give competitive quotes to get your business. You won’t even need to leave your computer due to the fact that quote results will go immediately to your email address. If you have a need to get a comparison quote from a specific company, feel free to search and find their rate quote page and fill out the quote form the provide.

Deciding on an provider requires more thought than just a low price. These are some questions you should get answers to.

• Is vehicle damage repaired with OEM or aftermarket parts?
• How does the company pay claims for a total loss?
• Are they giving you every discount you deserve?
• Do they receive special compensation for putting your coverage with one company over another?
• How will an accident affect your rates?
• Are they able to influence company decisions when a claim is filed?
• Does the company have a solid financial rating?

If you’re trying to find a good insurance agency, it’s helpful to know the types of insurance agents to choose from. Auto insurance policy providers are classified as either independent agents or exclusive agents depending on their employer. Either one can handle auto insurance, but it’s good to learn the difference in how they write coverage because it can influence the selection process.

Exclusive Auto Insurance Agencies

Exclusive insurance agents work for only one company like Farmers Insurance or State Farm. These agents are unable to compare rates from other companies so you might not find the best rates. Exclusive insurance agents are usually quite knowledgeable on what they offer and that allows them to sell at a higher price point.

Below is a short list of exclusive insurance agents in Louisville that are able to give rate quotes.

View more Louisville agents

Independent Auto Insurance Agents

Independent agents often have many company appointments and that gives them the ability to insure through many different auto insurance companies and find the cheapest auto insurance rates. To move your coverage to a new company, they simply move your policy to a different company and that require little work on your part. When searching for an agent, it’s a good idea to compare quotes from a few independent agents to ensure the widest selection of prices.

The following are independent insurance agencies in Louisville willing to provide comparison quotes.

View more Louisville agents

How to Lower Your Insurance Costs

Part of the car insurance buying process is learning the rating factors that help calculate car insurance rates. If you know what determines premiums, this allows you to make good choices that can help you get cheaper rates.

• Companies want multiple policies – Lots of insurers provide lower prices to clients that buy multiple policies such as combining an auto and homeowners policy. Even though this discount sounds good, it’s still a good idea to check prices from other companies to ensure the best deal.
• How credit rating affects car insurance premiums – Your credit rating is likely to be a major factor in determining what you pay for car insurance. Drivers with excellent credit tend to file fewer claims as compared to drivers with lower credit scores. So if your credit history is low, you may save money insuring your Cadillac Escalade by improving your credit score.

• Responsible drivers pay the best premiums – Having a single speeding ticket or other violation can bump up the cost to the point where it’s not affordable. Careful drivers tend to pay less for car insurance compared to drivers with tickets. Drivers who get flagrant citations like DUI or reckless driving may find that they have to to maintain a SR-22 with the DMV in their state in order to keep their license.

  The example below highlights how traffic violations and accident claims can influence Cadillac Escalade insurance premiums for each age group. The price estimates are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.

• Youthful driver insurance premiums – Teenage drivers in Kentucky are known to be inattentive when driving with friends so they pay higher car insurance rates. Older insureds have been proven to be more responsible, cost insurance companies less in claims, and are generally more financially stable.

  The following data uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.

• Get hitched and pay lower prices – Having a spouse can actually save you money on car insurance. Having a spouse translates into being more financially stable and insurance companies like that married drivers tend to have fewer serious accidents.
• Always keep your coverage in place – Having an insurance coverage lapse will be a guaranteed way to increase your rates. Not only will rates go up, getting caught without coverage could result in a license revocation or jail time.

• Cadillac Escalade claim statistics – Car insurance companies analyze claim trends for every vehicle when they calculate premium rates for each model. Vehicles that historically have higher claim frequency or loss amount will have a higher cost to insure. The table below outlines the collected loss data for Cadillac Escalade vehicles.

  For each coverage type, the loss probability for all vehicles compiled together equals 100. Numbers below 100 imply a favorable loss record, while percentage values above 100 indicate more frequent claims or an increased likelihood of larger losses.

  
  

  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

Auto insurance in Kentucky serves several purposes

Despite the high cost of buying insurance for a Cadillac Escalade in Louisville, paying for auto insurance serves several important purposes.

• Just about all states have compulsory liability insurance requirements which means state laws require specific minimum amounts of liability insurance in order to get the vehicle licensed. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you have a lien on your Cadillac Escalade, more than likely the lender will require you to buy full coverage to ensure they get paid if you total the vehicle. If you default on your policy, the bank may buy a policy for your Cadillac for a much higher rate and require you to fork over the higher premium.
• Auto insurance preserves both your car and your personal assets. It will also reimburse you for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance also covers all legal expenses up to the policy limit if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, your policy will pay to have it repaired.

The benefits of buying enough insurance outweigh the cost, especially when you need to use it. Today the average American driver overpays more than $869 every year so it’s recommended you shop around each time the policy renews to be sure current rates are still competitive.

Cover all your bases

You just read some good ideas how to save on Cadillac Escalade insurance in Louisville. It’s most important to understand that the more companies you get premium rates for, the higher the chance of saving money. Consumers could even find that the most savings is with some of the lesser-known companies. These companies often have lower premium rates on specific markets as compared to the big name companies such as State Farm and Allstate.

Some companies may not provide online price quotes and these regional carriers only sell through independent agents. Cheaper car insurance in Louisville can be sourced online and with local Louisville insurance agents, so compare prices from both in order to have the best price selection to choose from.

How to buy lower priced Cadillac Escalade insurance in Louisville

If saving money is your primary concern, then the best way to get discount Cadillac Escalade insurance is to do a yearly price comparison from insurers in Louisville.

First, get an understanding of how insurance works and the factors you can control to keep rates low. Many risk factors that cause high rates like accidents, traffic tickets, and a negative credit rating can be improved by making lifestyle changes or driving safer.

Second, compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only quote rates from a single company like Progressive or Farmers Insurance, while independent agents can give you price quotes from multiple insurance companies.

Third, compare the quotes to your existing coverage and see if you can save money. If you find a better price and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.

Fourth, tell your current agent or company of your intention to cancel the current policy. Submit a down payment along with a signed application to the new company. Once the application is submitted, keep the new certificate verifying coverage along with your vehicle registration.

The key thing to remember is to use similar deductibles and liability limits on each price quote and and to get prices from as many auto insurance providers as possible. Doing this helps ensure an accurate price comparison and a complete price analysis.

Additional information is available below:

• Side Impact Crash Tests (iihs.org)
• Who Has the Cheapest Auto Insurance Rates for a Dodge Ram in Louisville? (FAQ)
• Who Has Cheap Auto Insurance for Teachers in Louisville? (FAQ)
• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• Auto Insurance FAQ (Farmers Insurance)