Affordable Insurance for a Cadillac Escalade ESV in Los Angeles

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Insurance rates Cadillac Escalade ESV in Los AngelesCutting costs on Cadillac Escalade ESV insurance in Los Angeles is always quite difficult for drivers who are beginners to buying insurance online. Since there are so many insurers available, it can quickly become a burden to find more affordable prices in California.

Unimaginable but true, the vast majority of insurance customers have stayed with the same insurance company for at least four years, and just short of a majority have never quoted rates to find affordable coverage. With the average premium in California being $1,390, drivers could cut their rates by 35% a year just by comparing rates, but they mistakenly think it's difficult to compare rate quotes.

If you are already insured, you stand a good chance to be able to shop for the lowest rates using the tips covered below. The goal of this article is to familiarize you with how to get online quotes and how you can save the most money. Although California vehicle owners do need to know the methods companies use to calculate their prices because it varies considerably.

What Determines Cadillac Escalade ESV Insurance Rates?

Multiple criteria are used when you quote your car insurance policy. Some are pretty understandable such as your driving history, but others are not as apparent like where you live or your vehicle rating.

Listed below are some of the most common factors used by your company to calculate premiums.

  • Save money with higher coverage deductibles - Coverage for physical damage, aka comp and collision, is used to repair damage to your vehicle. Some coverage claims would be collision with another vehicle, damage caused by hail, and damage from a fallen tree branch. Your deductibles define the amount the insured will be required to pay if you file a covered claim. The more expense the insured has to pay upfront, the less money you will pay for auto insurance.
  • Auto insurance rates and age - Older, more experienced drivers tend to be more responsible, file fewer claims, and get fewer tickets. Beginning drivers have been known to be inattentive and easily distracted in a vehicle and because of this, their auto insurance rates are much higher.

    The following chart assumes a single driver, full coverage with $250 deductibles, and no discounts or violations.

  • Single drivers take more risk - Having a spouse may save some money on auto insurance. Having a significant other means you're more stable financially and insurance companies like that being married results in fewer claims.
  • Safer vehicles cost less to insure - Vehicles with high crash test scores can get you lower premiums. Vehicles engineered for safety reduce occupant injuries and fewer serious injuries means your insurance company pays less and lower rates for you.
  • Better rates with anti-theft devices - Choosing to buy a car that has an advanced theft prevention system can save you some money. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping your car from being stolen.
  • Cadillac Escalade ESV historical loss data - Insurance companies use statistical claims data when they set coverage costs for each model. Models that statistically have higher number or severity of losses will have higher premium rates. The data below shows the insurance loss data for Cadillac Escalade ESV vehicles.

    For each insurance policy coverage type, the claim amount for all vehicles combined as an average is represented as 100. Numbers shown that are under 100 imply a favorable loss record, while values over 100 show a trend for more claims or larger claims.

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

When price shopping your coverage, having more price comparisons provides better odds of finding a better price.

The companies shown below offer price comparisons in Los Angeles, CA. If several companies are displayed, we recommend you visit several of them to get the cheapest price.

Rate information and statistics

The table displayed next covers estimates of insurance prices for Cadillac Escalade ESV models. Having a better idea how insurance policy rates are established helps drivers make decisions on the best policy to buy.

Cadillac Escalade ESV Insurance Rates in Los Angeles, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escalade ESV 2WD $420 $630 $442 $26 $132 $1,650 $138
Escalade ESV 4WD $420 $630 $442 $26 $132 $1,650 $138
Escalade ESV Luxury Edition 2WD $420 $630 $442 $26 $132 $1,650 $138
Escalade ESV Premium Edition 2WD $420 $630 $442 $26 $132 $1,650 $138
Escalade ESV Luxury Edition 4WD $420 $630 $442 $26 $132 $1,650 $138
Escalade ESV Premium Edition 4WD $456 $712 $442 $26 $132 $1,768 $147
Escalade ESV Platinum Edition 2WD $456 $712 $442 $26 $132 $1,768 $147
Escalade ESV Platinum Edition 4WD $456 $712 $442 $26 $132 $1,768 $147
Get Your Own Customized Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Rate quotes do not factor in zip code location which can increase or decrease coverage prices greatly.

Physical damage deductibles

One of the hardest decisions when shopping for auto insurance is which comprehensive and collision deductibles to buy. The following insurance rates may help to conceptualize the rate difference when you select higher and lower comp and collision deductibles. The first rate comparisons uses a $100 deductible for comp and collision and the second rate chart uses a $500 deductible.

Cadillac Escalade ESV insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escalade ESV 2WD $576 $932 $442 $26 $132 $2,133 $178
Escalade ESV 4WD $576 $932 $442 $26 $132 $2,133 $178
Escalade ESV Luxury Edition 2WD $576 $932 $442 $26 $132 $2,133 $178
Escalade ESV Premium Edition 2WD $576 $932 $442 $26 $132 $2,133 $178
Escalade ESV Luxury Edition 4WD $576 $932 $442 $26 $132 $2,133 $178
Escalade ESV Premium Edition 4WD $624 $1054 $442 $26 $132 $2,303 $192
Escalade ESV Platinum Edition 2WD $624 $1054 $442 $26 $132 $2,303 $192
Escalade ESV Platinum Edition 4WD $624 $1054 $442 $26 $132 $2,303 $192
Get Your Own Customized Quote Go
Cadillac Escalade ESV insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escalade ESV 2WD $420 $630 $442 $26 $132 $1,650 $138
Escalade ESV 4WD $420 $630 $442 $26 $132 $1,650 $138
Escalade ESV Luxury Edition 2WD $420 $630 $442 $26 $132 $1,650 $138
Escalade ESV Premium Edition 2WD $420 $630 $442 $26 $132 $1,650 $138
Escalade ESV Luxury Edition 4WD $420 $630 $442 $26 $132 $1,650 $138
Escalade ESV Premium Edition 4WD $456 $712 $442 $26 $132 $1,768 $147
Escalade ESV Platinum Edition 2WD $456 $712 $442 $26 $132 $1,768 $147
Escalade ESV Platinum Edition 4WD $456 $712 $442 $26 $132 $1,768 $147
Get Your Own Customized Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Table data does not factor in vehicle garaging location which can impact price quotes considerably.

Based on this data, using a $100 deductible would cost the average driver about $42 more each month or $504 every year averaged for all Escalade ESV models than buying the higher $500 deductible. Since you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you go more than 10 months between claims, you would probably come out ahead if you opt for a higher deductible.

How to determine when to raise your deductibles

Average monthly premium for $100 deductibles: $183
Average monthly premium for $500 deductibles (subtract): - $141
Monthly savings from raising deductible: $42
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $42
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 10 months

The diagram below shows how choosing a deductible and can change Cadillac Escalade ESV yearly insurance costs for different age groups of insureds. The premiums assume a single female driver, comp and collision included, and no discounts are factored in.

Illustration showing the impact of accidents and violations

The diagram below illustrates how speeding tickets and at-fault fender-benders impact Cadillac Escalade ESV insurance costs for each different age category. The information is based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.

Cadillac Escalade ESV insurance premiums by gender and age

The information below shows the difference between Cadillac Escalade ESV insurance prices for male and female drivers. The prices are based on no driving violations, no at-fault accidents, full coverage, $500 deductibles, drivers are single, and no discounts are applied.

Does it make sense to buy full coverage?

The chart below illustrates the difference between Cadillac Escalade ESV insurance costs with full physical damage coverage compared to only buying liability only. The premium estimates are based on no accidents, no driving violations, $500 deductibles, drivers are single, and no discounts are taken into consideration.

When to stop buying comprehensive and collision coverage

There is no set guideline of when to stop paying for physical damage coverage, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

For example, let's pretend your Cadillac Escalade ESV settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $3,000 after paying your policy deductible. If you are paying in excess of $300 a year for full coverage, then it's probably a good time to buy liability coverage only.

There are a few cases where eliminating full coverage is not a good plan. If you still have a lienholder on your title, you have to keep full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not buy liability only.

Why do I need car insurance?

Despite the high cost, paying for auto insurance serves a purpose in several ways.

  • The majority of states have minimum mandated liability insurance limits which means the state requires a minimum amount of liability coverage in order to get the vehicle licensed. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If you have a lien on your vehicle, more than likely the lender will make it mandatory that you have comprehensive coverage to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the bank will be required to insure your Cadillac for a much higher rate and force you to reimburse them for the much more expensive policy.
  • Insurance protects not only your Cadillac Escalade ESV but also your assets. Insurance will pay for medical expenses for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, will also pay to defend you if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.

The benefits of carrying enough insurance definitely exceed the price paid, especially with large liability claims. According to a recent study, the average American driver is overpaying over $855 a year so shop around at every renewal to be sure current rates are still competitive.

Get cheaper Cadillac Escalade ESV insurance in Los Angeles with discounts

Some providers don't list their entire list of discounts in a way that's easy to find, so below is a list some of the more common in addition to some of the lesser obvious credits available to bring down your rates. If you are not receiving all the discounts available, you are throwing money away.Save money with discounts

  • Home Ownership Discount - Being a homeowner can save you money because it is proof that your finances are in order.
  • Driver's Ed - Have your child enroll in driver's education in high school.
  • Cautious Driver Discount - Insureds who avoid accidents may receive a discount up to 45% than drivers with accidents.
  • Military Rewards - Having an actively deployed family member could be rewarded with lower premium rates.
  • Savings for New Vehicles - Insuring a new Escalade ESV can save you some money compared to insuring an older model.
  • Waiver for an Accident - This isn't a discount exactly, but companies like GEICO and Liberty Mutual will let one accident slide without raising rates so long as you haven't had any claims for a particular time prior to the accident.

It's important to note that some of the credits will not apply to the entire policy premium. Most cut the cost of specific coverages such as comp or med pay. Despite the fact that it seems like you could get a free auto insurance policy, company stockholders wouldn't be very happy.

The illustration below compares Cadillac Escalade ESV insurance prices with and without policy discounts. The prices are based on a male driver, no claims or driving citations, California 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, claim-free, safe-driver, marriage, multi-car, and homeowner discounts applied.

The best auto insurance companies and a summarized list of policyholder discounts can be read below.

  • Farm Bureau has discounts for driver training, renewal discount, multi-policy, 55 and retired, youthful driver, and safe driver.
  • Liberty Mutual may include discounts for teen driver discount, multi-car, safety features, new vehicle discount, and newly married.
  • State Farm may offer discounts for accident-free, safe vehicle, multiple autos, student away at school, Steer Clear safe driver discount, anti-theft, and driver's education.
  • Auto-Owners Insurance includes discounts for paid in full, anti-theft, student away at school, company car, teen driver, multiple vehicles, and good student.
  • GEICO policyholders can earn discounts including membership and employees, good student, anti-lock brakes, military active duty, multi-vehicle, and driver training.
  • SAFECO may have discounts that include teen safe driver, safe driver, anti-lock brakes, anti-theft, and teen safety rewards.

Double check with each company or agent which discounts can lower your rates. Some credits may not apply to policies in Los Angeles.

Buying car insurance from Los Angeles insurance agencies

Many drivers still prefer to buy from a licensed agent and that is a personal choice. One of the benefits of comparing insurance prices online is that drivers can save money and get cheaper auto insurance rates and also buy local.

To find an agent, once you fill out this short form, the coverage information gets sent to agents in your area who will gladly provide quotes and help you find cheaper coverage. You never need to search for any insurance agencies due to the fact that quote results will go instantly to you. Get lower rates and work with a local agent. If you have a need to compare rates from a specific car insurance provider, just navigate to their website to submit a rate quote request.

Finding the right provider should depend on more than just a cheap price. Any good agent in Los Angeles should know the answers to these questions.

  • Can you choose the body shop in case repairs are needed?
  • How is replacement cost determined on your vehicle?
  • What insurance company do they write the most business with?
  • How experienced are they in personal risk management?
  • Do they write coverage based solely on cost?
  • Is every driver in your family covered?
  • Is there any savings for paying the full premium?
  • What is their Better Business Bureau rating?

The different types of auto insurance agents

If you need to find a local Los Angeles insurance agent, you should know the types of agencies and how they can service your needs differently. Los Angeles agents may be either exclusive agents or independent agents.

Exclusive Agencies

Agents in the exclusive channel normally can only provide a single company's rates and some examples include State Farm, AAA, Farmers Insurance or Allstate. These agents are unable to place coverage with different providers so you might not find the best rates. Exclusive agents are well trained in insurance sales which helps offset the inability to provide other markets. Many people use the same agent mainly due to the brand name rather than low price.

The following are Los Angeles exclusive insurance agencies that can give you price quote information.

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Independent Car Insurance Agencies

Agents that elect to be independent are not locked into one company and that allows them to write policies with lots of companies and possibly get better coverage at lower prices. If prices rise, the agent simply finds a different carrier which requires no work on your part.

When comparing car insurance rates, you will definitely want to include price quotes from independent agents to get the best comparison. Many write coverage with lesser-known insurance companies which can be an advantage.

The following are independent agents in Los Angeles willing to provide rate quotes.

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After receiving good responses to your questions and a good coverage price, it's a good possibility that you have found an insurance agency that is professional and can adequately provide car insurance.

Car insurance can get complicated

Always keep in mind that when comparing coverage online or from an agent, there really is no one-size-fits-all type of policy. Everyone's situation is a little different.Drive safe and save

For instance, these questions might help in determining whether your personal situation would benefit from professional advice.

  • Will my insurance pay for OEM parts?
  • What is an SR-22 filing?
  • Is a new car covered when I drive it off the dealer lot?
  • What is the premium to book value ratio for dropping full coverage?
  • Am I covered when using my vehicle for business?
  • Should I get collision insurance on every vehicle?
  • Is my camper covered for physical damage?
  • Do I have coverage for damage caused while driving under the influence?

If you can't answer these questions, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form.

What is YOUR best insurance company?

When getting Los Angeles car insurance quotes online, it's very important that you do not sacrifice coverage to reduce premiums. There are too many instances where drivers have reduced collision coverage to discover at claim time that the savings was not a smart move. The ultimate goal is to buy the best coverage you can find at the best price, but do not skimp to save money.

We covered many ways to compare Cadillac Escalade ESV insurance prices in Los Angeles. The most important thing to understand is the more rate comparisons you have, the better your comparison will be. You may even find the lowest prices are with some of the smallest insurance companies.

Lower-priced Cadillac Escalade ESV insurance in Los Angeles can be purchased from both online companies in addition to many Los Angeles insurance agents, and you should be comparing both to get a complete price analysis. Some auto insurance companies do not provide online quoting and most of the time these smaller providers sell through local independent agents.

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