Save Money on Cadillac Escalade Insurance in Colorado Springs

If you want to save the most money, the best way to get low-cost Cadillac Escalade insurance in Colorado Springs is to start comparing prices yearly from different companies in Colorado. You can shop around by following these steps.

• Step 1: Take a little time to learn about individual coverages and the modifications you can make to lower rates. Many risk factors that cause high rates such as traffic citations and your credit history can be improved by making lifestyle changes or driving safer. Continue reading for the details to get cheaper coverage and find additional discounts.
• Step 2: Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give prices from one company like GEICO or Allstate, while independent agencies can give you price quotes for many different companies.
• Step 3: Compare the new rate quotes to your current policy premium and determine if cheaper Escalade coverage is available in Colorado Springs. If you can save money and change companies, make sure coverage is continuous and does not lapse.

One thing to point out is to make sure you enter the same deductibles and limits on every quote request and and to get price quotes from as many companies as possible. This guarantees an accurate price comparison and a complete price analysis.

It’s easy to assume that insurance companies want to keep you from shopping around. Insureds who shop around for cheaper price quotes will presumably buy a new policy because there is a good chance of finding a cheaper policy. Remarkably, a study showed that drivers who routinely shopped for cheaper coverage saved $860 a year compared to drivers who never compared prices.

If finding the best price on Cadillac Escalade insurance is the reason for your visit, then having some knowledge of how to shop for insurance coverage can help make the process easier.

Best companies for Cadillac Escalade insurance

The companies shown below offer price comparisons in Colorado Springs, CO. If multiple companies are listed, we recommend you visit two to three different companies in order to find the cheapest rates.

Coverage information

The price information displayed below outlines a range of insurance premium costs for Cadillac Escalade models. Being able to understand how insurance prices are calculated is important for drivers to make decisions on the best policy coverages.

Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Estimates do not factor in vehicle garaging location which can increase or decrease coverage prices significantly.

An analysis of deductible level

When buying car insurance, a common question is how high or low should comp and collision deductibles be. The figures shown below may help to conceptualize how much more rates are when you choose different physical damage coverage deductibles. The first rate quote example uses a $100 deductible for physical damage and the second pricing table uses a $1,000 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Information does not factor in garaging location in Colorado Springs which can modify insurance rates substantially.

Based on this data, using a $100 deductible will cost you roughly $52 more each month or $624 for a full year averaged for all Escalade models than requesting the higher $1,000 deductible. Because you would be required to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you normally go at a minimum 17 months between claim filings, you would save money if you opt for a higher deductible.

The diagram below shows how different deductible levels and can influence Cadillac Escalade insurance prices for different age groups of insureds. The premium estimates are based on a single female driver, full coverage, and no other discounts are factored in.

Full coverage or liability only

The example below visualizes the comparison of Cadillac Escalade insurance costs with and without full coverage. The information is based on no claims or driving citations, $250 deductibles, drivers are single, and no discounts are factored in.

When to stop buying physical damage coverage

There is no specific rule for phasing out physical damage insurance, but there is a general convention. If the annual cost of your full coverage insurance is 10% or more of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your Cadillac Escalade replacement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $6,000 after paying the physical damage deductible. If it’s costing you more than $600 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are some scenarios where only buying liability is not in your best interest. If you still owe money on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not buy liability only.

Why Informed Consumers Pay Less for Cadillac Escalade Insurance

Many different elements are part of the calculation when quoting car insurance. Some factors are common sense such as traffic violations, but other criteria are less obvious such as whether you are married or your vehicle rating.

• Insure your auto and home with one company – The majority of insurance companies will give a discount to clients who buy several policies from them. It’s known as a multi-policy discount. Discounts can be as much as ten percent or more Even though this discount sounds good, it’s still a good idea to compare Cadillac Escalade rates in Colorado Springs to help guarantee you have the best rates.
• Low stress occupation equals lower prices – Jobs like judges, architects, and dentists tend to pay higher average rates due to high stress levels and long work days. Conversely, jobs like actors, engineers and retirees generally pay rates lower than average.
• Good credit means lower costs – An insured’s credit history is a big factor in your rate calculation. So if your credit history could use some work, you may save money insuring your Cadillac Escalade by spending a little time repairing your credit. Insureds that have high credit scores tend to be less risk to insure than those with lower credit ratings.

• Is auto insurance cheaper for women or men? – Statistics show that females tend to be a little less risky than males. Now that doesn’t mean men are worse drivers. Both sexes get in accidents in similar numbers, but guys get into accidents with more damage. Men also statistically get ticketed for serious violations like DUI and reckless driving. Young men ages 16 to 20 are the most expensive to insure so they pay the highest premiums.

  The example below visualizes the comparison of Cadillac Escalade annual premium costs for male and female drivers. The premium estimates are based on no claims or violations, comprehensive and collision coverage, $500 deductibles, marital status is single, and no discounts are applied to the premium.

• Higher premiums for insurance lapses – Not maintaining insurance can get you a ticket and as a result your rates will increase for letting your insurance coverage expire. And not only will insurance be more expensive, not being able to provide proof of insurance may result in a steep fine or even jail time. You may have to file a SR-22 with the Colorado motor vehicle department to get your license reinstated.

• Insurance is expensive for youthful drivers – Older, more experienced drivers are shown to be more cautious, are lower risk to insure, and are generally more financially stable. Teen drivers are known to be easily distracted when behind the wheel so they pay higher insurance rates.

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

• Cautious drivers pay less – Getting just one driving citation can boost insurance rates twenty percent or more. Attentive drivers get better prices compared to drivers with tickets. Drivers who have gotten multiple violations such as hit and run, DWI or reckless driving convictions are required to complete a SR-22 to the state department of motor vehicles in order to legally drive a vehicle.

  The diagram below illustrates how speeding tickets and accidents can raise Cadillac Escalade insurance rates for each age group. The premiums are based on a single male driver, full coverage, $250 deductibles, and no discounts are factored in.

• You might want pay the minor policy claims yourself – Insurance companies in Colorado give the best rates to people who file claims infrequently. If you file a lot of claims you can expect higher premiums or even policy non-renewal. Your car insurance is intended to be relied upon for more catastrophic claims.

• Cadillac Escalade claim statistics – Insurance companies use data from past claims to calculate a price that offsets possible losses. Vehicles that the data shows to have higher losses will have higher premium rates. The next table shows the loss history for Cadillac Escalade vehicles.

  For each type of coverage, the statistical loss for all vehicles compiled together equals 100. Values that are under 100 suggest losses that are better than average, while values over 100 point to more losses or tendency to have larger claims.

  
  

  Cadillac Escalade Insurance Claim 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 Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Save with these premium slashing discounts

Some companies don’t always advertise all available discounts in an easy-to-find place, so below is a list both well-publicized and the more hidden discounts that you can inquire about if you buy Colorado Springs car insurance online.

• Passive Restraints – Vehicles equipped with air bags or automatic seat belts can get savings as much as 30%.
• Senior Citizens – Seniors are able to get reduced rates.
• Club Memberships – Participating in certain professional organizations is a simple method to lower premiums on car insurance.
• Discount for Life Insurance – If the company offers life insurance, you could get lower rates if you buy auto and life insurance together.
• Fewer Miles Equal More Savings – Low annual miles may enable drivers to earn lower prices due to less chance of an accident.
• Distant College Student Discount – Youth drivers who are enrolled in higher education away from home without a vehicle on campus could get you a discount.
• Student Discounts – Excelling in school could provide a savings of up to 20% or more. Earning this discount can benefit you until age 25.
• Multiple Cars – Drivers who insure more than one vehicle with the same company can reduce the rates for all insured vehicles.
• Claim-Free Discount – Drivers who don’t have accidents pay much less when compared to frequent claim filers.

Discounts reduce rates, but you should keep in mind that some of the credits will not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like comp or med pay. So despite the fact that it appears you could get a free car insurance policy, companies don’t profit that way. But any discount will help lower your overall premium however.

The example below visualizes the comparison of Cadillac Escalade car insurance costs with and without some available policy discounts. The rate quotes are based on a female driver, no claims or violations, Colorado state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, multi-car, multi-policy, safe-driver, and homeowner discounts applied.

A partial list of companies that may offer most of these discounts are:

• State Farm
• American Family
• AAA
• GEICO
• Mercury Insurance
• Farmers Insurance
• Progressive

It’s a good idea to ask each company or agent to give you their best rates. Some credits may not be available in Colorado Springs. To choose car insurance companies that offer some of these discounts in Colorado, follow this link.

When to contact a local insurance agent

A small number of people still prefer to sit down with an agent and often times that is recommended Insurance agents can help you choose the best coverages and help submit paperwork. An additional benefit of getting free rate quotes online is that drivers can save money and get lower car insurance rates and still have an agent to talk to.

Once you complete this quick form, your insurance data is instantly submitted to participating agents in Colorado Springs that can provide free Colorado Springs car insurance quotes for your business. You never need to contact an agency because prices are sent to the email address you provide. In the event you want to get a comparison quote from a specific company, don’t hesitate to visit that company’s website and give them your coverage information.

Selecting an company requires you to look at more than just a cheap price. Here are some questions you might want to ask.

• How many years have they been established?
• If they are an independent agency in Colorado Springs, which companies do they recommend?
• What insurance company do they write the most business with?
• Do the coverages you’re quoting properly cover your vehicle?
• Do they prorate repair cost based on vehicle mileage?
• Will they make sure you get an adequate claim settlement?
• Will they give you a referral list?

What type of Colorado Springs auto insurance agent is right for you?

When finding a local Colorado Springs insurance agency, you need to know there are two different types of agents and how they can quote your rates. Auto insurance agents in Colorado Springs can be categorized as either independent (non-exclusive) or exclusive. Either can handle auto insurance, but it is important to understand the subtle differences since it could factor into which agent you choose.

Exclusive Agencies

Exclusive agencies can only provide pricing for a single company such as Allstate and State Farm. Exclusive agents are unable to provide other company’s prices so keep that in mind. These agents are usually well trained on their products and sales techniques which helps them compete with independent agents.

Listed below are Colorado Springs exclusive agents willing to provide comparison quotes.

More insurance agents

Independent Insurance Agents

These agents do not work for one specific company so as a result can place your coverage with multiple insurance companies depending on which coverage is best. If you want to switch companies, your agent can just switch to a different company without you having to go to a different agency. When comparing auto insurance prices, you will want to compare quotes from a few independent agents in order to have the best price comparison.

The following is a list of independent insurance agents in Colorado Springs that can give you comparison quotes.

More insurance agents

Upon receiving good answers in addition to an acceptable price estimate, you may have found a car insurance agent that is professional and can properly service your auto insurance policy.

What is the best car insurance company in Colorado Springs?

Insuring your vehicle with the right auto insurance company can be challenging considering how many different companies sell coverage in Colorado. The company information displayed below can help you decide which insurers you want to consider comparing prices from.

Top 10 Colorado Springs Car Insurance Companies Ranked by Value

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

Top 10 Colorado Springs Car Insurance Companies Overall

1. USAA
2. American Family
3. State Farm
4. The Hartford
5. AAA Insurance
6. GEICO
7. The General
8. Titan Insurance
9. Progressive
10. Mercury Insurance

Don’t give up on affordable rates

When buying insurance coverage, you should never reduce needed coverages to save money. In too many instances, someone sacrificed physical damage coverage and discovered at claim time that their decision to reduce coverage ended up costing them more. Your strategy should be to buy a smart amount of coverage at the best price while still protecting your assets.

We just presented many ways to get a better price on Cadillac Escalade insurance in Colorado Springs. The key thing to remember is the more quotes you get, the better chance you’ll have of finding the cheapest Cadillac Escalade rate quotes. Consumers could even find that the lowest priced insurance comes from a smaller regional carrier. These companies may cover specific market segments cheaper than their larger competitors like Progressive or GEICO.

More detailed insurance information is available at these sites:

• Side Impact Crash Tests (iihs.org)
• Who Has Cheap Colorado Springs Auto Insurance for a Ford Edge? (FAQ)
• Who Has Cheap Car Insurance Quotes for Safe Drivers in Colorado Springs? (FAQ)
• Choosing a Car for Your Teen (State Farm)
• Young Drivers: The High Risk Years Video (iihs.org)