Cheap Quotes for Cadillac Escalade ESV Insurance in Colorado Springs

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Discount Cadillac Escalade ESV insuranceRegrettably, nearly 70% of drivers have stayed with the same insurance company for at least four years, and approximately 38% of consumers have never even compared quotes to find lower-cost rates. Many consumers in Colorado could save themselves $605 a year just by shopping around, but they just assume it takes a lot of time to compare rate quotes.

The best way we recommend to get the cheapest auto insurance rates in Colorado Springs is to start comparing prices yearly from different companies who sell auto insurance in Colorado.

  • First, take a few minutes and learn about individual coverages and the modifications you can make to prevent expensive coverage. Many things that cause rate increases such as traffic citations and a substandard credit score can be amended by making minor driving habit or lifestyle changes.
  • Second, quote rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can provide rates from one company like GEICO or Farmers Insurance, while independent agencies can provide prices for a wide range of companies.
  • Third, compare the new rate quotes to the premium of your current policy to see if you can save by switching companies. If you find a better price and switch companies, verify that coverage does not lapse between policies.
  • Fourth, give notification to your agent or company of your intent to cancel the current policy and submit a down payment along with a completed application for your new coverage. Once the application is submitted, safely store the certificate verifying coverage somewhere easily accessible.

A crucial key to this process is that you'll want to compare the same liability limits and deductibles on every quote request and and to get prices from all possible companies. This helps ensure the most accurate price comparison and many rates to choose from.

Compare free Colorado Springs Cadillac Escalade ESV insurance quotes

Most companies make it easy to get insurance quotes on the web. Doing online quotes for Cadillac Escalade ESV insurance in Colorado Springs is fairly straightforward as you simply enter your coverage preferences into a form. Behind the scenes, the company's rating system gets your driving and credit reports and gives you a price quote determined by many factors. Using the web to get rate quotes for Cadillac Escalade ESV insurance in Colorado Springs simplifies rate comparisons, and it's necessary to get many rate quotes if you want to get the best car insurance rates.

To get comparison pricing now, compare rates now from the companies shown below. To compare your current rates, we recommend that you enter your coverages as close as possible to your current policy. Doing this guarantees you will receive rate quotes for similar coverage.

The companies in the list below are our best choices to provide comparison quotes in Colorado Springs, CO. In order to find the cheapest auto insurance in Colorado Springs, CO, we recommend you click on several of them to get a more complete price comparison.

Cadillac Escalade ESV insurance coverage information

The data table below highlights different insurance coverage prices for Cadillac Escalade ESV models. Understanding more about how insurance prices are formulated can assist in making smart choices when comparing insurance quotes.

Cadillac Escalade ESV Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escalade ESV 2WD $196 $324 $330 $20 $98 $968 $81
Escalade ESV 4WD $196 $324 $330 $20 $98 $968 $81
Escalade ESV Luxury Edition 2WD $196 $324 $330 $20 $98 $968 $81
Escalade ESV Premium Edition 2WD $196 $324 $330 $20 $98 $968 $81
Escalade ESV Luxury Edition 4WD $196 $324 $330 $20 $98 $968 $81
Escalade ESV Premium Edition 4WD $212 $366 $330 $20 $98 $1,026 $86
Escalade ESV Platinum Edition 2WD $212 $366 $330 $20 $98 $1,026 $86
Escalade ESV Platinum Edition 4WD $212 $366 $330 $20 $98 $1,026 $86
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Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Premium amounts do not factor in specific garaging location which can increase or decrease insurance rates considerably.

Higher deductibles lower rates

When buying car insurance, a common question is where should you set your physical damage deductibles. The comparison tables below help summarize the costs and benefits of buying low and high comp and collision deductibles. The first set of prices uses a $100 deductible for comprehensive and collision coverage and the second rate chart uses a $1,000 deductible.

Cadillac Escalade ESV insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escalade ESV 2WD $458 $740 $352 $20 $106 $1,701 $142
Escalade ESV 4WD $458 $740 $352 $20 $106 $1,701 $142
Escalade ESV Luxury Edition 2WD $458 $740 $352 $20 $106 $1,701 $142
Escalade ESV Premium Edition 2WD $458 $740 $352 $20 $106 $1,701 $142
Escalade ESV Luxury Edition 4WD $458 $740 $352 $20 $106 $1,701 $142
Escalade ESV Premium Edition 4WD $496 $838 $352 $20 $106 $1,837 $153
Escalade ESV Platinum Edition 2WD $496 $838 $352 $20 $106 $1,837 $153
Escalade ESV Platinum Edition 4WD $496 $838 $352 $20 $106 $1,837 $153
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Cadillac Escalade ESV insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escalade ESV 2WD $254 $390 $352 $20 $106 $1,122 $94
Escalade ESV 4WD $254 $390 $352 $20 $106 $1,122 $94
Escalade ESV Luxury Edition 2WD $254 $390 $352 $20 $106 $1,122 $94
Escalade ESV Premium Edition 2WD $254 $390 $352 $20 $106 $1,122 $94
Escalade ESV Luxury Edition 4WD $254 $390 $352 $20 $106 $1,122 $94
Escalade ESV Premium Edition 4WD $276 $442 $352 $20 $106 $1,196 $100
Escalade ESV Platinum Edition 2WD $276 $442 $352 $20 $106 $1,196 $100
Escalade ESV Platinum Edition 4WD $276 $442 $352 $20 $106 $1,196 $100
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Prices above based on 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. Price estimates do not factor in vehicle garaging location which can increase or decrease prices noticeably.

We can estimate from the data above that using a $100 deductible will cost you about $50 more each month or $600 a year averaged for all Escalade ESV models than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to go more than 18 months between claim filings, you would more than likely save some money going with the higher deductible.

The diagram below illustrates how your deductible choice and can raise or lower Cadillac Escalade ESV premium costs for different age groups of insureds. The rate quotes are based on a married female driver, full coverage, and no other discounts are factored in.

How Insurers Determine Cadillac Escalade ESV Insurance Premiums

Many factors are considered when you get your auto insurance bill. A few of the factors are predictable such as traffic violations, but other factors are more obscure such as whether you are married or your vehicle rating.

Listed below are some of the most rate-impacting factors that factor into your prices.

  • Drivers with good credit save on car insurance - A driver's credit score is a big factor in determining what you pay for car insurance. If your credit leaves room for improvement, you may save money insuring your Cadillac Escalade ESV if you clean up your credit. Insureds with excellent credit tend to be more responsible than those with lower credit ratings.
  • Liability coverage - A critical coverage on your policy, liability insurance is the coverage that protects you if you are responsible for an accident. It will provide for a legal defense to defend your case. Liability is cheap as compared to coverage for physical damage, so buy as much as you can afford.
  • Get hitched and pay less - Having a spouse helps lower the price on your car insurance policy. Having a spouse usually means you are more financially stable and statistics show being married results in fewer claims.
  • Your age impacts your costs - Teen drivers in Colorado are statistically proven to get distracted easily when behind the wheel so car insurance rates are higher. Adding a teenage driver onto a policy will cause a huge premium hike. Older, more experienced drivers tend to be more responsible, tend to file fewer claims, and get fewer tickets.

    The data below is based on a single driver, full coverage with $500 deductibles, and no discounts or violations.

  • The more you drive the more you pay - Driving more miles every year the more it will cost to insure it. The majority of insurers calculate prices based on their usage. Cars and trucks that are left in the garage qualify for better rates than vehicles that are driven to work every day. Double check that your declarations sheet shows the correct usage, because improper ratings can cost you money. An incorrectly rated Escalade ESV may be costing you higher rates.
  • More performance means more cost - The type of car you need to insure makes a significant difference in determining your rates. The lowest performance passenger models receive the most favorable rates, but the final cost of insurance is determined by many other factors.

    The chart below assumes a single male driver age 40, full coverage with $500 deductibles, and no discounts or violations. It illustrates Cadillac Escalade ESV policy rates compared to other makes and models that have different risk factors.

  • Cautious drivers pay lower costs - Attentive drivers receive lower rates than bad drivers. Just one speeding ticket or other violation may cause rates to rise twenty percent or more. Drivers who get multiple violations like reckless driving, hit and run or driving under the influence may face state-mandated requirements to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to continue driving.

    The example below illustrates how traffic citations and accident claims increase Cadillac Escalade ESV annual premium costs for each different age group. The information is based on a single female driver, comp and collision included, $100 deductibles, and no other discounts are factored in.

  • Deter vehicle theft - Purchasing a vehicle that has a built-in theft deterrent system can get you a discount on your car insurance. Advanced theft deterrents like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help stop auto theft.
  • Insurance losses for a Cadillac Escalade ESV - Insurance companies use past loss statistics for each vehicle to help determine the price you pay. Models that have higher loss trends will have higher premium rates.

    The table shown below demonstrates the compiled insurance loss statistics for Cadillac Escalade ESV vehicles. For each insurance policy coverage type, the claim probability for all vehicles, regardless of make or model, equals 100. Numbers under 100 suggest a positive loss record, while values that are above 100 indicate more frequent claims or a tendency for losses to be larger than average.

    Car Insurance Loss Data for Cadillac Escalade ESV Models
    Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Cadillac Escalade ESV 4dr 2WD 124
    Cadillac Escalade ESV 4dr 4WD 123 106 155
    BETTER
    AVERAGE
    WORSE

    Empty fields indicate not enough data collected
    Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Three reasons auto insurance is important

Despite the potentially high cost of Cadillac Escalade ESV insurance, auto insurance is required in Colorado but it also protects you in many ways.

  • The majority of states have minimum mandated liability insurance limits which means you are required to carry a minimum amount of liability protection in order to be legal. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
  • If your Escalade ESV has a lienholder, almost all lenders will have a requirement that you have physical damage coverage to guarantee loan repayment. If you do not pay your insurance premiums, the bank may insure your Cadillac at a more expensive rate and require you to reimburse them for the much more expensive policy.
  • Auto insurance preserves your car and your assets. Insurance will pay for all forms of medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage also pays expenses related to your legal defense if you are sued as the result of an accident. If damage is caused by hail or an accident, comprehensive and/or collision insurance will cover the repair costs.

The benefits of buying enough insurance are without a doubt worth the cost, especially when you need to use it. According to a 2015 survey, the average American driver overpays as much as $830 a year so compare quotes from several companies at every policy renewal to save money.