It’s a known fact that insurance companies don’t want policyholders to compare prices from other companies. Consumers who compare price quotes will, in all likelihood, buy a different policy because there are good odds of finding coverage at a more affordable price. A study showed that drivers who regularly shopped around saved $860 a year as compared to drivers who never shopped around for cheaper prices.
If finding the cheapest rates on auto insurance in Miami is your ultimate target, knowing how to get free comparison quotes and analyze insurance premiums can help you succeed in finding affordable rates.
It takes a little time, but the best way to save money on Cadillac Escalade ESV insurance is to do a yearly price comparison from insurers in Miami.
Step 1: Read and learn about the coverage provided by your policy and the steps you can take to prevent rate increases. Many factors that are responsible for high rates like accidents, traffic tickets, and bad credit can be rectified by making minor changes to your lifestyle. Later in this article we will cover ideas to get cheaper coverage and find possible discounts that are available.
Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can give quotes from one company like Progressive and State Farm, while independent agencies can quote rates for a wide range of companies.
Step 3: Compare the new rates to the premium of your current policy to see if you can save by switching companies. If you find a lower rate and decide to switch, make sure there is no lapse in coverage.
An important note is that you’ll want to compare the same liability limits and deductibles on each quote and and to compare as many companies as you can. Doing this helps ensure an apples-to-apples comparison and the best price quote selection.
Car insurance rates and discounts
Companies offering auto insurance do not advertise all available discounts in a way that’s easy to find, so the list below gives a summary of a few of the more common and also the lesser-known discounts you could be receiving when you buy Miami auto insurance online.
- ABS Brakes – Cars, trucks, and SUVs with ABS and/or traction control have fewer accidents and the ABS can save up to 10%.
- Military Deployment Discount – Having an actively deployed family member could be rewarded with lower prices.
- Air Bags and Passive Restraints – Vehicles equipped with air bags can receive discounts of 20 to 30 percent.
- Miami Homeowners Discount – Owning your own home or condo may trigger a policy discount on car insurance because owning a home is proof of financial responsibility.
- Smart Student Discounts – Getting good grades could provide a savings of up to 20% or more. The good student discount can last until age 25.
- Paperwork-free – A few insurance companies provide a small discount get Miami auto insurance on the internet.
- Discounts for Cautious Drivers – Accident-free drivers may receive a discount up to 45% compared to rates paid by drivers with frequent claims.
- Save with a New Car – Buying coverage on a new vehicle can save you some money due to better safety requirements for new model year vehicles.
As a footnote on discounts, most discounts do not apply to the whole policy. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. Just because you may think you can get free auto insurance, nobody gets a free ride. But all discounts will help lower your car insurance premiums.
The information below shows the comparison of Cadillac Escalade ESV annual premium costs with and without discounts applied to the rates. The premiums assume a male driver, a clean driving record, no claims, Florida state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, marriage, claim-free, multi-car, and homeowner discounts applied.
To view providers with the best Cadillac Escalade ESV insurance discounts in Miami in Florida, click here.
Just remember that comparing a wide range of rates will increase your chances of finding the best offered rates.
The providers in the list below offer free quotes in Miami, FL. To find cheaper car insurance in Miami, we recommend you visit several of them to get the most competitive price.
Cadillac Escalade ESV insurance coverage information
The coverage information displayed next showcases different rate quotes for Cadillac Escalade ESV models. Having a good understanding how policy premiums are established is important to be able to make smart policy decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Escalade ESV 2WD||$452||$594||$546||$32||$164||$1,788||$149|
|Escalade ESV 4WD||$452||$594||$546||$32||$164||$1,788||$149|
|Escalade ESV Luxury Edition 2WD||$452||$594||$546||$32||$164||$1,788||$149|
|Escalade ESV Premium Edition 2WD||$452||$594||$546||$32||$164||$1,788||$149|
|Escalade ESV Luxury Edition 4WD||$452||$594||$546||$32||$164||$1,788||$149|
|Escalade ESV Premium Edition 4WD||$490||$672||$546||$32||$164||$1,904||$159|
|Escalade ESV Platinum Edition 2WD||$490||$672||$546||$32||$164||$1,904||$159|
|Escalade ESV Platinum Edition 4WD||$490||$672||$546||$32||$164||$1,904||$159|
|Get Your Own Custom Quote Go|
Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Rates do not factor in vehicle location which can influence prices noticeably.
Where to set your deductibles
One frequently asked question is which deductibles should you choose. The following tables summarize the difference in cost between low and high coverage deductibles. The first set of prices uses a $100 physical damage coverage deductible and the second set of rates uses a $1,000 deductible.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Escalade ESV 2WD||$544||$880||$418||$24||$124||$2,015||$168|
|Escalade ESV 4WD||$544||$880||$418||$24||$124||$2,015||$168|
|Escalade ESV Luxury Edition 2WD||$544||$880||$418||$24||$124||$2,015||$168|
|Escalade ESV Premium Edition 2WD||$544||$880||$418||$24||$124||$2,015||$168|
|Escalade ESV Luxury Edition 4WD||$544||$880||$418||$24||$124||$2,015||$168|
|Escalade ESV Premium Edition 4WD||$590||$994||$418||$24||$124||$2,175||$181|
|Escalade ESV Platinum Edition 2WD||$590||$994||$418||$24||$124||$2,175||$181|
|Escalade ESV Platinum Edition 4WD||$590||$994||$418||$24||$124||$2,175||$181|
|Get Your Own Custom Quote Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Escalade ESV 2WD||$302||$464||$418||$24||$124||$1,332||$111|
|Escalade ESV 4WD||$302||$464||$418||$24||$124||$1,332||$111|
|Escalade ESV Luxury Edition 2WD||$302||$464||$418||$24||$124||$1,332||$111|
|Escalade ESV Premium Edition 2WD||$302||$464||$418||$24||$124||$1,332||$111|
|Escalade ESV Luxury Edition 4WD||$302||$464||$418||$24||$124||$1,332||$111|
|Escalade ESV Premium Edition 4WD||$328||$524||$418||$24||$124||$1,418||$118|
|Escalade ESV Platinum Edition 2WD||$328||$524||$418||$24||$124||$1,418||$118|
|Escalade ESV Platinum Edition 4WD||$328||$524||$418||$24||$124||$1,418||$118|
|Get Your Own Custom Quote Go|
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Price information does not factor in vehicle garaging location which can change premium rates significantly.
Based on these figures, using a $100 deductible costs about $59 more each month or $708 a year across all Cadillac Escalade ESV models than quoting the higher $1,000 deductible. Since you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at a minimum 15 months between claim filings, you would probably come out ahead if you choose the higher deductible. The table below shows an example of how you can come to your own conclusion.
|Average monthly premium for $100 deductibles:||$173|
|Average monthly premium for $1,000 deductibles (subtract):||– $114|
|Monthly savings from raising deductible:||$59|
|Difference between deductibles ($1,000 – $100):||$900|
|Divide difference by monthly savings:||$900 / $59|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||15 months|
The chart below illustrates how your deductible choice and can increase or decrease Cadillac Escalade ESV insurance rates for each different age group. The premium estimates are based on a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Comparison of full coverage and liability-only policies
The example below visualizes the comparison of Cadillac Escalade ESV car insurance rates when comparing full coverage to state minimum liability only. The data assumes no violations or claims, $500 deductibles, drivers are single, and no policy discounts are applied.
Are you wasting money paying for full coverage?
There is no written rule to stop paying for comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost of full coverage is more than 10% of replacement cost minus your deductible, then it might be time to buy liability only.
For example, let’s say your Cadillac Escalade ESV settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $4,000 after the deductible is paid. If you are paying in excess of $400 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.
There are some conditions where dropping physical damage coverage is not in your best interest. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should keep full coverage.
How You Can Control Cadillac Escalade ESV Insurance Costs
When buying car insurance it’s important to understand the rating factors that play a part in calculating the rates you pay for car insurance. If you have a feel for what controls the rates you pay, this helps enable you to make changes that may result in lower premium levels. Lots of factors are considered when premium rates are determined. Some are obvious such as traffic violations, but other factors are more obscure such as your marital status or how safe your car is.
The items below are a partial list of the pieces that factor into rates.
High physical damage deductibles save money – Physical damage insurance, otherwise known as comp (or other than collision) and collision, protects your Cadillac from damage. A few examples of covered claims are a windshield shattered by a rock, hitting a deer, and having your car stolen. The deductibles define the amount you are required to pay in the event of a claim. The more damage repair cost you have to pay, the lower your rates will be.
Driving citations hurt – Having a single citation can boost insurance rates twenty percent or more. Careful drivers pay lower auto insurance prices compared to drivers with tickets. Drivers who get serious violations such as DWI, reckless driving or hit and run convictions might be required by their state to maintain a SR-22 with their state’s licensing department in order to keep their license.
The example below highlights how speeding tickets and at-fault fender-benders can influence Cadillac Escalade ESV annual premium costs for each different age group. The premiums assume a married female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.
Males tend to take more risk – Statistics show that females tend to be a little less risky than males. That doesn’t necessarily mean that men are WORSE drivers than women. Males and females cause accidents at about the same rate, but guys cause more damage. Men also receive more major tickets such as driving while intoxicated (DWI) or driving recklessly. Male teenagers have the highest risk to insure so it costs more to insure them.
The chart below illustrates the difference between Cadillac Escalade ESV insurance prices for male and female drivers. The information is based on no claims or driving citations, full physical damage coverage, $1,000 deductibles, single status, and no discounts are factored in.
Lower performance equals lower insurance prices – The performance of the car, truck or SUV you need insurance for makes a substantial difference in your premium level. The lowest rates are generally reserved for the lowest performance passenger cars, but other factors influence the final cost greatly.
The next chart is based on a married male driver age 30, full coverage with $250 deductibles, and no discounts or violations. It compares Cadillac Escalade ESV insurance rates compared to other vehicles that have different risk factors.
Location can influence price – Being located in small towns and rural areas is a positive aspect when buying car insurance. Drivers who live in large cities have more traffic problems and longer commute times. Fewer drivers means fewer accidents.
Teenage driver insurance prices – Mature drivers have been proven to be more responsible, statistically cause fewer accidents, and tend to be get fewer driving tickets. Young drivers have a tendency to get distracted easily when behind the wheel so car insurance rates are higher.
The following data uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.
More stress means more cost – Occupations such as judges, air traffic controllers, and dentists generally pay the highest average rates attributed to high stress levels and extremely grueling work hours. Conversely, careers like farmers, engineers and the unemployed have lower than average premiums.
Cadillac Escalade ESV historical loss data – Car insurance companies use historical loss data to determine a rate that will be profitable for them. Models that the data shows to have increased losses will cost more to insure. The table below illustrates the historical insurance loss data for Cadillac Escalade ESV vehicles.
For each policy coverage type, the loss probability for all vehicles, as an average, is a value of 100. Values that are below 100 suggest losses that are better than average, while numbers above 100 show a trend for more claims or an increased likelihood of larger losses.
|Vehicle 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|
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Do I just need basic coverages?
Keep in mind that when it comes to choosing insurance from an agent or online, there is no cookie cutter policy. Every situation is different and a cookie cutter policy won’t apply. For instance, these questions could help you determine whether your personal situation may require specific advice.
- Are combined or split liability limits better?
- Are rock chip repairs covered?
- Will I be non-renewed for getting a DUI or other conviction?
- Am I covered if hit by an uninsured driver?
- How high should my uninsured/underinsured coverage be in Florida?
- Which companies will insure me after a DUI?
If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier
When to get advice from an agent
A small number of people prefer to go talk to an agent and that can be a great decision The biggest benefit of getting online price quotes is that you can find better rates and still have an agent to talk to. Putting coverage with neighborhood insurance agencies is important particularly in Miami.
To find an agent, once you fill out this simple form, the quote information is emailed to local insurance agents in Miami who want to provide quotes and help you find cheaper coverage. You don’t have to do any legwork since rate quotes are delivered directly to your email. You can find better rates and an insurance agent to talk to. If you need to compare prices from one company in particular, you would need to visit that company’s website and fill out the quote form the provide.
If you want to buy car insurance from a reputable insurance agent or broker, you must know there are a couple types of agencies and how they can quote your rates. Miami agents may be either exclusive or independent agents depending on their company appointments.
Independent Agencies or Brokers
These type of agents are not limited to a single company and that allows them to write policies with many different companies and get you the best rates possible. If you are not satisfied with one company, the business is moved internally which requires no work on your part. If you are trying to find cheaper rates, you absolutely need to include price quotes from a couple of independent agencies to ensure the widest selection of prices. Many can place coverage with smaller regional carriers which can be an advantage.
Below are independent agents in Miami who may provide rate quotes.
- Avante Insurance Agency
7490 W Flagler St – Miami, FL 33144 – (305) 648-7070 – View Map
- Latin American Association-Insurance Agency
2550 NW 72nd Ave #318 – Miami, FL 33122 – (305) 477-1442 – View Map
- SOL Insurance Agency
1370 W Flagler St – Miami, FL 33135 – (305) 643-2333 – View Map
Exclusive Insurance Agents
Exclusive insurance agents can only quote rates from one company such as American Family, State Farm, and Allstate. Exclusive agents cannot shop your coverage around so they have to upsell other benefits. Exclusive agencies are highly trained on what they offer which helps offset the inability to provide other markets. Many people buy from exclusive agents mainly due to loyalty to the company rather than low price.
The following are Miami exclusive agencies who can help you get price quote information.
- Rick Burke – State Farm Insurance Agent
2250 S Dixie Hwy Ste. 2 – Miami, FL 33133 – (305) 860-0616 – View Map
- Allstate Insurance: Ramon Balladares
2455 SW 27th Ave #210 – Miami, FL 33145 – (305) 859-8556 – View Map
- GEICO Insurance Agent
8514 SW 8th St – Miami, FL 33144 – (305) 595-2911 – View Map
Finding a good car insurance agent should depend on more than just the bottom line cost. Agents should be asked these questions:
- Is there a local claims center in Miami?
- What insurance company do they write the most business with?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- Does the company allow you to choose your own collision repair facility?
- Does their agency support local causes in Miami?
- Will you get a loaner vehicle if you car is being repaired?
- Is the agent and/or agency licensed to do business in Florida?
- Which family members are covered?
If you get satisfactory answers to any questions you may have and a low price estimate, most likely you have located an auto insurance agent that is reliable enough to insure your vehicles. Just understand that it’s your policy and you can cancel coverage at any time so never feel that you are obligated to any particular company for a certain time period.
Auto insurance in Florida serves several purposes
Despite the potentially high cost of Cadillac Escalade ESV insurance, buying auto insurance is mandatory in Florida but it also protects more than you think.
- Just about all states have minimum liability requirements which means you are required to carry a specific level of liability insurance in order to license the vehicle. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you bought your Cadillac with a loan, it’s guaranteed your bank will require you to have insurance to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the bank may buy a policy for your Cadillac at an extremely high rate and force you to pay for the much more expensive policy.
- Auto insurance preserves both your Cadillac Escalade ESV and your personal assets. It will also cover medical bills for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, also covers legal expenses if anyone sues you for causing an accident. If mother nature or an accident damages your car, your policy will pay all costs to repair after the deductible has been paid.
The benefits of insuring your Escalade ESV more than cancel out the cost, particularly when you have a large claim. On average, a vehicle owner in Miami overpays more than $865 each year so compare rate quotes at least once a year to ensure rates are competitive.
Be persistent and save
Cost effective Cadillac Escalade ESV insurance can be found both online in addition to local insurance agencies, so you need to shop Miami auto insurance with both so you have a total pricing picture. Some companies do not offer online quoting and most of the time these regional insurance providers only sell through local independent agents.
You just learned a lot of information how to shop for Cadillac Escalade ESV insurance online. The key concept to understand is the more companies you get premium rates for, the better chance you’ll have of finding affordable Miami auto insurance quotes. You may even find the best car insurance rates are with a smaller regional carrier. These companies may cover specific market segments cheaper compared to the large companies like GEICO and State Farm.
Much more information about insurance in Florida is available on the following sites:
- Determining Auto Insurance Rates (GEICO)
- Who Has the Cheapest Car Insurance Quotes for a Honda Civic in Miami? (FAQ)
- Who Has Affordable Auto Insurance Rates for a Toyota Tacoma in Miami? (FAQ)
- Who Has Affordable Miami Car Insurance for a Mazda CX-7? (FAQ)
- Who Has Affordable Auto Insurance for Drivers Under 21 in Miami? (FAQ)
- Who Has Cheap Auto Insurance Rates for a Chevrolet Silverado in Miami? (FAQ)
- Child Safety FAQ (iihs.org)
- Understanding Your Insurance Deductible (Insurance Information Institute)
- Rental Car Insurance Tips (Insurance Information Institute)
- Auto Crash Statistics (Insurance Information Institute)