How to Save on Cadillac Escalade EXT Insurance in Phoenix

How long has it been since you compared quotes for cheaper Cadillac Escalade EXT insurance in Phoenix? Having to pay for overpriced Cadillac Escalade EXT insurance in Phoenix can diminish your monthly budget and possibly require you to analyze your spending habits. Price shopping at each renewal is a smart way to make ends meet.

Unthinkable but true, a large majority of car insurance policyholders have been with the same company for well over three years, and almost half have never shopped around. Arizona consumers could save roughly $700 every year by just comparing quotes, but they don’t know how much money they would save if they switch to a new company.

There are many insurance companies to choose from, and even though it’s nice to be able to choose, more choices can make it harder to compare company pricing for Cadillac Escalade EXT insurance in Phoenix.

You should take the time to get comparison quotes occasionally because car insurance rates are adjusted regularly by insurance companies. Just because you had the best deal on Cadillac Escalade EXT insurance in Phoenix a few years ago you can probably find a better price now. Block out anything you think you know about car insurance because you’re about to learn the things you must know in order to properly buy coverages and cut your premium.

Most of the larger companies allow consumers to get insurance quotes direct online. Getting online rates for Cadillac Escalade EXT insurance in Phoenix is fairly straightforward as you simply enter the coverages you want as detailed in the form. When complete, the quote system will obtain information on your driving record and credit history and generates pricing information based on the information you submitted. This streamlines rate comparisons, and it’s absolutely necessary to compare as many rates as possible in order to find the lowest car insurance rates.

To quickly compare rates using this form now, compare rates from the companies below. If you have coverage now, it’s recommended you copy coverages and limits identical to your current policy. Using the same limits helps guarantee you will have an apples-to-apples comparison for the exact same coverage.

The car insurance companies shown below are our best choices to provide free rate quotes in Phoenix, AZ. If several companies are displayed, we suggest you visit two to three different companies to get the lowest price.

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Price estimates do not factor in vehicle location which can decrease or increase price quotes noticeably.

Policy deductible comparison

The diagram below demonstrates how deductibles and can change Cadillac Escalade EXT insurance rates for different insured age categories. The data is based on a married male driver, comp and collision included, and no other discounts are factored in.

Deductible analysis

When buying auto insurance, a common question is how high should the physical damage deductibles be. The comparison tables below can help you visualize the differences in premium rates when you buy lower versus higher insurance deductibles. The first rate table uses a $250 deductible and the second rate chart uses a $500 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Rate quotes do not factor in Phoenix location which can raise or lower rates substantially.

Using the data above, we can ascertain that using a $250 deductible will cost in the ballpark of $17 more each month or $204 each year than quoting the higher $500 deductible. Because you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you normally go at least 15 months between claims, you would save more money going with the higher deductible.

One thing to be aware of is that a higher deductible level means you will have to pay more if you have a claim. You will want to have some extra savings in order to pay the deductible.

Impact of citations and accidents on insurance rates

The illustration below shows how speeding tickets and at-fault fender-benders impact Cadillac Escalade EXT insurance prices for each different age category. The data assumes a married female driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.

Why you need auto insurance

Despite the high cost of buying insurance for a Cadillac Escalade EXT in Phoenix, auto insurance is mandatory in Arizona but it also protects more than you think.

• Most states have compulsory liability insurance requirements which means you are required to buy specific limits of liability protection if you want to drive legally. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you took out a loan on your Cadillac, it’s most likely the lender will make it mandatory that you have full coverage to guarantee loan repayment. If you default on your policy, the lender may have to buy a policy to insure your Cadillac for a lot more money and force you to pay a much higher amount than you were paying before.
• Auto insurance protects your Cadillac and your assets. It will also cover many types of medical costs incurred in an accident. Liability insurance will also pay attorney fees if you are sued as the result of your driving. If you have damage to your Cadillac as the result of the weather or an accident, your auto insurance policy will cover the damage repairs after a deductible is paid.

The benefits of insuring your Escalade EXT definitely exceed the cost, especially for larger claims. But the average American driver is currently overpaying as much as $750 every year so compare rates at every renewal to ensure rates are inline.

Why Informed Drivers Pay Less for Cadillac Escalade EXT Insurance

When buying car insurance it’s important to understand some of the elements that help determine your premiums. If you understand what influences your rates, this allows you to make educated decisions that may result in lower car insurance prices.

Shown below are most of the major factors car insurance companies consider when setting prices.

• Premiums may be lower depending on your employer – Do you have a high-stress occupation? Occupational choices like fire fighters, police officers, and dentists usually pay higher average rates because of stressful work requirements and long work days. On the other hand, careers such as professors, engineers and the unemployed get better rates.
• Rates can drop if you have more than one policy – Most major car insurance companies provide better rates to insureds who have multiple policies with them in the form of a multi-policy discount. Discounts can be five, ten or even twenty percent. Even with this discount applied, you still need to get quotes from other companies to verify if the discount is saving money.
• Buy a safe car and pay less – Cars with high safety ratings are cheaper to insure. Vehicles engineered for safety reduce occupant injuries and reduced instances of injuries means lower claim amounts and cheaper rates on your policy. If your Cadillac earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may cost less to insure.
• Defend yourself with liability – Your policy’s liability coverage provides coverage when you are determined to be liable for personal injury or accident damage. It provides legal defense which can be incredibly expensive. This coverage is very inexpensive compared to insuring for physical damage coverage, so do not cut corners here.
• Your spouse saves you money – Being married actually saves money on your policy. Having a spouse is viewed as being more financially stable and statistics prove married couples file fewer claims.
• Driving citations drive up prices – Even one chargeable violation can boost insurance rates by twenty percent. Good drivers get better rates compared to drivers with tickets. Drivers with severe tickets like reckless driving or DUI may find they need to submit a SR-22 or proof of financial responsibility with their state’s department of motor vehicles in order to drive a vehicle legally.
• Raising coverage deductibles lowers costs – Coverage for physical damage, termed comprehensive and collision coverage on your policy, insures against damage to your Cadillac. A few examples of covered claims are a windshield shattered by a rock, damage caused by hail, and rolling your vehicle. Your deductibles represent how much money you are willing to pay if a claim is determined to be covered. The more money you choose to pay out-of-pocket, the lower your rates will be.

Companies offer many discounts on Cadillac Escalade EXT insurance in Phoenix

Companies that sell car insurance do not advertise every possible discount very clearly, so the following list contains both the well known and also the more inconspicuous savings tricks you should be using when you buy Phoenix auto insurance online.

• Save with More Vehicles Insured – Having multiple cars or trucks with the same company could earn a price break for each car.
• Sign Online – A few insurance companies will give a small break just for signing your application on the internet.
• Club Memberships – Belonging to specific professional or occupational memberships or organizations is a good way to get lower rates on your bill.
• Driver Safety – Taking a safe driver class could cut 5% off your bill and make you a better driver.
• Life Insurance Discount – Not every insurance company offers life insurance, but if they do you may earn a break if you buy auto and life insurance together.
• Telematics Data – Drivers who elect to allow companies to scrutinize driving patterns by using a telematics device in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system could see a rate decrease if they have good driving habits.
• Anti-lock Brakes – Anti-lock brake equipped vehicles can stop better under adverse conditions and will save you 10% or more on Escalade EXT insurance in Phoenix.
• Safe Driver Discounts – Accident-free drivers may save up to 50% more than less cautious drivers.

A little disclaimer on discounts, some credits don’t apply to all coverage premiums. Most only apply to the cost of specific coverages such as comp or med pay. Just because it seems like having all the discounts means you get insurance for free, companies wouldn’t make money that way. But any discount will help reduce your insurance premiums.

A few popular companies and their offered discounts are included below.

• Farmers Insurance policyholders can earn discounts including homeowner, alternative fuel, youthful driver, multi-car, teen driver, business and professional, and mature driver.
• State Farm may include discounts for good student, Steer Clear safe driver discount, Drive Safe & Save, accident-free, multiple policy, and multiple autos.
• Liberty Mutual offers discounts including newly married, exclusive group savings, newly retired, multi-car, multi-policy, good student, and new move discount.
• MetLife may offer discounts for defensive driver, good driver, claim-free, multi-policy, and accident-free.
• Progressive offers discounts for multi-vehicle, good student, multi-policy, online signing, and homeowner.

When quoting, ask all companies you are considering which discounts you may be entitled to. Discounts may not be offered in Phoenix. To choose insurance companies that offer the discounts shown above in Arizona, click this link.

When to talk to an insurance agent

Many drivers still prefer to visit with an insurance agent and that is just fine! A nice benefit of getting online price quotes is you can get better rates and still choose a local agent.

To make it easy to find an agent, after completing this form (opens in new window), your insurance coverage information is transmitted to agents in your area who will give competitive quotes for your coverage. You won’t need to contact any agents due to the fact that quote results will go straight to your inbox. You can find the lowest rates and a licensed agent to talk to. If you wish to compare prices from a particular provider, feel free to jump over to their website and fill out the quote form the provide.

Finding the right insurer requires more thought than just a low price. You should also get answers to these questions.

• What is their Better Business Bureau rating?
• If your car is in the repair shop, do you have coverage for a rental car?
• How would your car be valued if totalled?
• Does their agency support local causes in Phoenix?
• Do they have 24-hour customer assistance?
• Is coverage determined by price?

When researching a reliable agent, you should know the types of insurance agents to choose from. Agents can be categorized as either independent or exclusive depending on the company they work for.

Exclusive Insurance Agencies

Agents that choose to be exclusive can only provide pricing for a single company and some examples include State Farm, Allstate, or Farmers Insurance. Exclusive agents cannot place coverage with different providers so they have no alternatives for high prices. Exclusive insurance agents are usually well trained on the products they sell which helps them compete with independent agents.

Below is a short list of exclusive agents in Phoenix who can help you get price quote information.

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Independent Insurance Agencies

Agents that elect to be independent are not locked into one company so they can quote policies through lots of different companies and find the cheapest insurance rates. If your agent finds better pricing, the business is moved internally and that require little work on your part. If you are comparing rate quotes, you will definitely want to contact a couple of independent agencies so that you can do a thorough price comparison.

Shown below are independent agents in Phoenix who can help you get price quote information.

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Get the best coverage at the lowest price

Cheaper Cadillac Escalade EXT insurance in Phoenix can be bought online in addition to local insurance agencies, so get free Phoenix auto insurance quotes from both of them to have the best selection. Some auto insurance companies may not have the ability to get quotes online and these smaller providers only sell through independent insurance agencies.

You just learned many ideas to save on Cadillac Escalade EXT insurance in Phoenix. The most important thing to understand is the more companies you get rates for, the more likely it is that you will get a better rate. You may even be surprised to find that the lowest prices come from the smaller companies. These companies may cover specific market segments cheaper compared to the large companies like State Farm or Progressive.

For more information, link through to the articles below:

• Electronic Stability Control FAQ (iihs.org)
• How Much are Phoenix Car Insurance Rates for Real Estate Agents? (FAQ)
• Who Has the Cheapest Phoenix Auto Insurance Quotes for Low Credit Scores? (FAQ)
• Who Has Affordable Auto Insurance Rates for a Nissan Altima in Phoenix? (FAQ)
• Who Has Affordable Auto Insurance for a Jeep Wrangler in Phoenix? (FAQ)
• Who Has the Cheapest Phoenix Auto Insurance for Low Mileage Drivers? (FAQ)
• Credit Impacts Car Insurance Rates (State Farm)
• Older Driver Statistics (Insurance Information Institute)
• Choosing an Insurance Company (Insurance Information Institute)
• Auto Insurance 101 (About.com)