Cadillac Escalade EXT Insurance Rate Quotes in Colorado Springs

The most effective way to get the cheapest Cadillac Escalade EXT insurance in Colorado Springs is to start comparing rates regularly from insurers who provide car insurance in Colorado.

Step 1: Gain an understanding of how car insurance works and the measures you can take to keep rates low. Many rating criteria that cause high rates such as your driving record and a negative credit rating can be remedied by making minor changes to your lifestyle.

Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from one company like Progressive or State Farm, while agents who are independent can provide rate quotes from multiple sources.

Step 3: Compare the price quotes to your current policy and determine if cheaper Escalade EXT coverage is available. If you can save money, verify that coverage does not lapse between policies.

Step 4: Provide proper notification to your current company to cancel your current car insurance policy and submit payment and a signed application for the new coverage. Don’t forget to keep the new certificate of insurance in an easily accessible location in your vehicle.

A good tip to remember is to use the same liability limits and deductibles on each quote and and to analyze every company you can. Doing this provides a fair price comparison and the best price selection.

Amazingly, a recent NerdWallet.com study showed that nearly 70% of consumers have stayed with the same insurance company for over three years, and 38% of customers have never shopped around. The average driver in America can save hundreds of dollars each year by just comparing rate quotes, but they just assume it’s a time-consuming process to compare other rate quotes.

If you have a current insurance policy or want to find a cheaper company, take advantage of these tips to find the best rates without reducing coverage. Locating the best rates in Colorado Springs can be made easier if you know where to look. Smart shoppers just need to learn the tricks to get comparison quotes over the internet.

Cheap car insurance in Colorado Springs, CO

The car insurance companies shown below provide quotes in Colorado Springs, CO. In order to find the best auto insurance in CO, we recommend you get price quotes from several of them to get the best price comparison.

Insurance coverage analysis

The rate information shown next covers detailed analysis of insurance premium costs for Cadillac Escalade EXT models. Being aware of how insurance quotes are figured can help guide drivers when making smart choices when selecting a policy.

Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Information does not factor in specific Colorado Springs garaging location which can increase or decrease premiums considerably.

Rate comparison for different deductibles

One common question asked by Colorado Springs drivers is where to set your physical damage deductibles. The following insurance rates show the cost difference between low and high coverage deductibles. The first set of rates uses a $250 deductible and the second pricing table uses a $500 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Rate quotes do not factor in your specific Colorado Springs location which can change insurance rates greatly.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you roughly $20 more each month or $240 every year across all Cadillac Escalade EXT models than requesting the higher $500 deductible. Since the policyholder would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you normally average more than 13 months between claims, you would probably save some money by going with a higher deductible.

The illustration below demonstrates how deductibles and can impact Cadillac Escalade EXT insurance costs for different age groups. The price estimates are based on a single male driver, comp and collision included, and no discounts are factored in.

Driving violations and accidents

The chart below demonstrates how traffic citations and fender-benders can influence Cadillac Escalade EXT insurance premiums for each different age category. Data assumes a married female driver, comp and collision included, $500 deductibles, and no discounts are applied.

Gender differences in car insurance premiums

The illustration below visualizes the comparison of Cadillac Escalade EXT insurance prices for male and female drivers. The rates are based on no violations or accidents, full coverage, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

Difference between full coverage and liability only rates

The example below shows the difference between Cadillac Escalade EXT car insurance costs with full coverage and liability only. Data assumes no claims or driving violations, $100 deductibles, single marital status, and no additional discounts are factored in.

Should you buy full coverage or liability only?

There is no set guideline for dropping comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is more than about 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.

For example, let’s assume your Cadillac Escalade EXT book value is $7,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $6,000 after the policy deductible has been paid. If premiums are more than $600 annually for physical damage coverage, then you may need to consider dropping full coverage.

There are some conditions where eliminating full coverage is not recommended. If you still owe a portion of the original loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should keep full coverage in place.

Get cheaper Cadillac Escalade EXT insurance rates in Colorado Springs

Car insurance is not cheap, but you might already qualify for some discounts to cut the cost considerably. Certain discounts will be applied when you quote, but less common discounts must be asked about before you will receive the discount. If you check and find you aren’t receiving every discount possible, it’s possible you qualify for a lower rate.

• Homeowners Savings – Owning your own home or condo can help you save on car insurance because owning a home demonstrates responsibility.
• Life Insurance – Select insurance companies reward you with lower rates if you buy some life insurance in addition to your auto policy.
• Bundled Policy Discount – When you have multiple policies and place coverage with the same company you may save at least 10% off all policies.
• Student Driver Training – Have your child complete a driver education course in school.
• Theft Deterrent System – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and therefore earn up to a 10% discount.
• Active Military Service – Having a family member in the military could qualify you for better rates.
• Good Student – Maintaining excellent grades may save as much as 25% on a Colorado Springs car insurance quote. Many companies even apply the discount to college students until age 25.

Policy discounts save money, but many deductions do not apply to the entire cost. Most only apply to specific coverage prices like physical damage coverage or medical payments. So even though it sounds like you would end up receiving a 100% discount, that’s just not realistic.

The illustration below illustrates the difference between Cadillac Escalade EXT insurance rates with and without policy discounts. The data assumes a male driver, no violations or claims, Colorado state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, marriage, safe-driver, multi-car, and claim-free discounts applied.

Larger car insurance companies and some of the premium reductions they offer are included below.

• Travelers may include discounts for good student, payment discounts, early quote, driver training, and home ownership.
• 21st Century may offer discounts for theft prevention, good student, defensive driver, early bird, anti-lock brakes, and air bags.
• State Farm offers discounts for good driver, multiple policy, student away at school, passive restraint, Drive Safe & Save, and safe vehicle.
• GEICO includes discounts for anti-theft, anti-lock brakes, multi-policy, seat belt use, driver training, and five-year accident-free.
• SAFECO offers premium reductions for safe driver, anti-lock brakes, bundle discounts, anti-theft, and teen safety rewards.
• AAA may have discounts that include good student, anti-theft, education and occupation, AAA membership discount, and multi-car.

If you want low cost Colorado Springs car insurance quotes, ask all companies you are considering how many discounts you can get. A few discounts may not be available in Colorado Springs.

Comparing quotes from local Colorado Springs auto insurance agents

Certain consumers prefer to get professional advice from a licensed agent and there is nothing wrong with that. Professional agents are highly skilled in risk management and will help you if you have claims. One of the benefits of getting online price quotes is the fact that drivers can get cheap insurance quotes but also keep your business local.

After completing this form (opens in new window), your insurance coverage information is sent to agents in your area who want to provide quotes for your insurance coverage. There is no need to visit any agencies due to the fact that quote results will go immediately to your email address. If for some reason you want to compare rates for a specific company, you just need to jump over to their website and complete a quote there.

Picking the best provider requires you to look at more than just the premium amount. Any agent in Colorado Springs should be forthright in answering these questions:

• What insurance companies do they recommend if they are an independent agent?
• Can you use your own choice of collision repair facility?
• Is the agent CPCU or CIC certified?
• How much will you save each year by using a higher deductible?
• What will you get paid if your car is a total loss? How is that amount determined?
• What is the financial rating for the quoted company?

Do you need an independent or exclusive auto insurance agent?

If you would like to find a reliable insurance agent, it helps to know the two different agency structures and how they work. Insurance agents in Colorado Springs may be either independent agents or exclusive agents depending on their employer. Either type can insure your vehicles, but it’s important to point out the subtle differences because it can factor into the selection process.

Exclusive Insurance Agents

Exclusive agents can usually just insure with one company like State Farm or Allstate. They generally cannot place coverage with different providers so you might not find the best rates. These agents are trained well on their company’s products which helps overcome the inability to quote other rates.

Below is a short list of exclusive insurance agencies in Colorado Springs who can help you get price quotes.

View more Colorado Springs agents

Independent Insurance Agencies

Independent agencies do not sell for just one brand so they can quote policies with an assortment of companies enabling the ability to shop coverage around. If you want to switch companies, an independent agent can move your coverage and you can keep the same agent. When comparing rates, you absolutely need to check rates from a few independent agents in order to have the best price comparison.

Listed below is a list of independent agencies in Colorado Springs willing to provide comparison quotes.

View more Colorado Springs agents

One last thing about your coverage

Cheaper Cadillac Escalade EXT insurance in Colorado Springs is possible both online and from local insurance agents, so you should be comparing quotes from both to have the best rate selection. Some insurance companies may not provide price quotes online and most of the time these regional insurance providers sell through local independent agencies.

When trying to cut insurance costs, it’s not a good idea to reduce needed coverages to save money. In too many instances, someone dropped full coverage only to find out that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy the best coverage you can find at an affordable rate, not the least amount of coverage.

Additional resources

• Driving in Bad Weather (Insurance Information Institute)
• Who Has the Cheapest Colorado Springs Auto Insurance Rates for a Chevrolet Equinox? (FAQ)
• Who Has the Cheapest Colorado Springs Car Insurance Rates for a 20 Year Old Male? (FAQ)
• How Much are Car Insurance Rates for a Toyota Highlander in Colorado Springs? (FAQ)
• How Much is Colorado Springs Car Insurance for a Toyota 4Runner? (FAQ)
• How Much is Colorado Springs Car Insurance for Ride Shares? (FAQ)
• Credit Impacts Car Insurance Rates (State Farm)
• Credit and Insurance Scores (Insurance Information Institute)