Cadillac Escalade Insurance Quotes in Miami

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A recent study showed that the vast majority of auto insurance customers have purchased from the same company for four years or more, and approximately 38% of consumers have never compared rates to find cheap insurance. Miami drivers could cut their rates by nearly $1,126 a year just by comparing rates, but most undervalue the large savings they would see if they switched.

Insurance rates Cadillac Escalade in MiamiTruthfully, the best way to find cheaper quotes for Cadillac Escalade insurance in Miami is to make a habit of comparing prices annually from companies that sell auto insurance in Florida. Prices can be compared by following these guidelines.

  • First, it will benefit you to learn about the different coverages in a policy and the measures you can control to keep rates in check. Many rating factors that cause rate increases such as accidents, traffic violations, and a not-so-good credit rating can be improved by making minor changes in your lifestyle. Continue reading for the details to help prevent costly coverage and find discounts that may have been missed.
  • Second, compare rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give prices from one company like GEICO and Allstate, while independent agencies can give you price quotes for a wide range of insurance providers.
  • Third, compare the quotes to the price on your current policy to see if switching to a new carrier will save money. If you find a lower rate quote and buy the policy, make sure coverage does not lapse between policies.
  • Fourth, provide written notification to your current company of your intention to cancel the current policy. Submit a completed policy application and payment to your new agent or company. As soon as you can, keep your new proof of insurance paperwork with your vehicle's registration.

An important bit of advice to remember is to make sure you enter similar limits and deductibles on every price quote and and to compare as many car insurance companies as possible. Doing this helps ensure the most accurate price comparison and maximum price selection.

Shopping around for affordable coverage in Miami is not as hard as you think. If you have insurance now or need a new policy, you can learn to get lower rates and still get good coverage. Comparison shoppers just have to understand the best way to compare price quotes from many different companies.

How Your Escalade Insurance Rates are Determined

Many different elements are part of the calculation when you quote your car insurance policy. Some of the criteria are obvious like your driving record, but others are not as apparent such as whether you are married and annual miles driven.

Shown below are some of the factors that factor into your rate level.

Performance makes a difference - The type of car you own makes a huge difference in the rate you pay. The lowest performance passenger models usually are quite affordable to insure, but that's not the only thing that factors into the final price.

The next chart is based on a married female driver age 50, full coverage with $500 deductibles, and no discounts or violations. It shows Cadillac Escalade insurance premiums compared to other vehicles that have a range of performances.

Alarms and GPS tracking lowers rates - Choosing a vehicle that has a built-in theft deterrent system can help lower your premiums. Advanced theft deterrents such as GM's OnStar, tamper alarm systems and vehicle immobilizers all hinder your car from being stolen.

Insurance rates in urban areas - Choosing to live in a small town is a good thing when trying to find low car insurance rates. Drivers who live in large cities have more auto accidents and longer commute times. Fewer drivers and short commutes means fewer accidents in addition to lower liability claims.

Battle of the sexes - Statistics show women are more cautious behind the wheel. This data doesn't prove that men are worse drivers. They both have at-fault accidents in similar numbers, but guys tend to have more serious accidents. In addition to higher claims, males also get cited for more serious violations like DUI and reckless driving.

The information below illustrates the comparison of Cadillac Escalade yearly insurance costs for male and female drivers. The premium estimates are based on no claims or driving violations, full physical damage coverage, $500 deductibles, single status, and no discounts are taken into consideration.

Know your vehicle's safety rating - Cars with high safety ratings tend to be cheaper to insure. Safer cars reduce injuries and better occupant protection translates into fewer and smaller insurance claims and more competitive rates for policyholders.

Loss probability for a Cadillac Escalade - Insurance companies factor in insurance loss information to help calculate a profitable premium price. Vehicles that the data shows to have higher number or severity of losses will have higher rates for specific coverages. The table below outlines the insurance loss data used by companies for Cadillac Escalade vehicles.

For each policy coverage, the loss probability for all vehicles averaged together is represented as 100. Values under 100 indicate a favorable loss history, while values that are 100 or greater point to more claims or an increased chance of a larger loss.

Insurance Loss Ratings for Cadillac Escalade Vehicles
Vehicle 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
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Premium rates and analysis

The premium table below highlights different policy rates for Cadillac Escalade models. Having insight into how auto insurance prices are established is important to be able to make smart choices when buying a policy.

Cadillac Escalade Insurance Rates in Miami, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escalade 2WD $284 $506 $500 $30 $150 $1,470 $123
Escalade Luxury Edition 2WD $284 $506 $500 $30 $150 $1,470 $123
Escalade 4WD $284 $506 $500 $30 $150 $1,470 $123
Escalade Premium Edition 4WD $310 $506 $500 $30 $150 $1,496 $125
Escalade Luxury Edition 4WD $310 $506 $500 $30 $150 $1,496 $125
Escalade Premium Edition 2WD $310 $506 $500 $30 $150 $1,496 $125
Escalade Hybrid 2WD $310 $638 $452 $26 $136 $1,562 $130
Escalade Hybrid 4WD $310 $638 $452 $26 $136 $1,562 $130
Escalade Platinum Edition 2WD $310 $572 $500 $30 $150 $1,562 $130
Escalade Platinum Edition 4WD $310 $572 $500 $30 $150 $1,562 $130
Escalade Hybrid Platinum 2WD $336 $704 $452 $26 $136 $1,654 $138
Escalade Hybrid Platinum 4WD $336 $704 $452 $26 $136 $1,654 $138
Get Your Own Custom Quote Go

Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Prices do not factor in specific location which can influence rates greatly.

Comparison of policy deductibles

The hardest decision when buying coverage is where should you set your physical damage deductibles. The premium rates below can help illustrate the costs and benefits when you buy lower versus higher insurance deductibles. The first rate estimation uses a $100 physical damage coverage deductible and the second pricing table uses a $500 deductible.

Cadillac Escalade insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escalade 2WD $498 $880 $522 $30 $156 $2,111 $176
Escalade Luxury Edition 2WD $498 $880 $522 $30 $156 $2,111 $176
Escalade 4WD $498 $880 $522 $30 $156 $2,111 $176
Escalade Premium Edition 4WD $544 $880 $522 $30 $156 $2,157 $180
Escalade Luxury Edition 4WD $544 $880 $522 $30 $156 $2,157 $180
Escalade Premium Edition 2WD $544 $880 $522 $30 $156 $2,157 $180
Escalade Hybrid 2WD $544 $1110 $472 $28 $142 $2,321 $193
Escalade Hybrid 4WD $544 $1110 $472 $28 $142 $2,321 $193
Escalade Platinum Edition 2WD $544 $994 $522 $30 $156 $2,271 $189
Escalade Platinum Edition 4WD $544 $994 $522 $30 $156 $2,271 $189
Escalade Hybrid Platinum 2WD $590 $1226 $472 $28 $142 $2,483 $207
Escalade Hybrid Platinum 4WD $590 $1226 $472 $28 $142 $2,483 $207
Get Your Own Custom Quote Go
Cadillac Escalade insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escalade 2WD $364 $594 $522 $30 $156 $1,666 $139
Escalade Luxury Edition 2WD $364 $594 $522 $30 $156 $1,666 $139
Escalade 4WD $364 $594 $522 $30 $156 $1,666 $139
Escalade Premium Edition 4WD $396 $594 $522 $30 $156 $1,698 $142
Escalade Luxury Edition 4WD $396 $594 $522 $30 $156 $1,698 $142
Escalade Premium Edition 2WD $396 $594 $522 $30 $156 $1,698 $142
Escalade Hybrid 2WD $396 $750 $472 $28 $142 $1,788 $149
Escalade Hybrid 4WD $396 $750 $472 $28 $142 $1,788 $149
Escalade Platinum Edition 2WD $396 $672 $522 $30 $156 $1,776 $148
Escalade Platinum Edition 4WD $396 $672 $522 $30 $156 $1,776 $148
Escalade Hybrid Platinum 2WD $430 $828 $472 $28 $142 $1,900 $158
Escalade Hybrid Platinum 4WD $430 $828 $472 $28 $142 $1,900 $158
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Price information does not factor in zip code location which can modify premiums substantially.

We can derive from the above data that using a $100 deductible costs roughly $41 more each month or $492 a year averaged for all Escalade models than choosing the higher $500 deductible. Since you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you normally average more than 10 months between claim filings, you would save money by selecting a higher deductible.

Careless drivers pay higher rates

The example below illustrates how violations and at-fault accidents increase Cadillac Escalade auto insurance costs for each different age group. The information is based on a single male driver, comp and collision included, $250 deductibles, and no additional discounts are factored in.

Miami insurance discounts for a Cadillac Escalade

Car insurance companies do not list every discount very well, so here is a list both the well known and also the more inconspicuous credits available to lower your premiums when you buy Miami car insurance online.Insurance discounts

  • Distant College Student Discount - College-age children who attend college more than 100 miles from Miami without a vehicle on campus could qualify for this discount.
  • ABS and Traction Control Discounts - Cars, trucks, and SUVs with ABS braking systems or traction control are safer to drive so you can save 10 percent or more.
  • Drivers Ed for Students - Require your teen driver to successfully complete driver's ed class if it's offered in school.
  • Multi-Vehicle Discounts - Buying insurance for all your vehicles with the same company may reduce the rate for each vehicle.
  • Active Service Discounts - Being on active deployment in the military can result in better premium rates.
  • Paper-free Discount - A few companies give back up to $50 for completing your application on your computer.
  • Buy New and Save - Insuring a new Escalade may earn a small discount because newer models keep occupants safer.

Consumers should know that some of the credits will not apply to the entire cost. Most only apply to the cost of specific coverages such as liability, collision or medical payments. Despite the fact that it seems like it's possible to get free car insurance, insurance companies wouldn't stay in business.

The chart below shows the comparison of Cadillac Escalade premium costs with and without policy discounts. The information is based on a male driver, a clean driving record, no claims, Florida state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, homeowner, multi-policy, claim-free, and safe-driver discounts applied.

To locate insurance companies that offer discounts in Miami, click here.

What is YOUR best insurance company?

Budget-friendly insurance in Miami is definitely available from both online companies and from local insurance agents, and you should compare price quotes from both to have the best selection. Some insurance companies do not provide rates over the internet and usually these smaller providers sell through independent insurance agents.

As you shop your coverage around, you should never sacrifice coverage to reduce premiums. There are a lot of situations where an accident victim reduced uninsured motorist or liability limits and discovered at claim time that the small savings ended up costing them much more. Your goal should be to find the BEST coverage at the best cost but still have enough coverage for asset protection.

We've covered some good ideas how to save on Cadillac Escalade insurance in Miami. The key concept to understand is the more rate quotes you have, the better chance you'll have of finding the cheapest Cadillac Escalade rate quotes. You may even find the lowest rates are with an unexpected company.

Even more information can be read at these sites: