Compare Cadillac Escalade Insurance Quotes in Virginia Beach

The preferred way to get the cheapest Cadillac Escalade insurance is to regularly compare price quotes from insurance carriers in Virginia Beach.

First, gain an understanding of policy coverages and the things you can change to prevent expensive coverage. Many rating criteria that cause rate increases like careless driving and a substandard credit score can be eliminated by making minor changes to your lifestyle.

Second, compare rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from one company like GEICO and Allstate, while agents who are independent can quote prices from many different companies.

Third, compare the new quotes to your existing coverage to see if switching to a new carrier will save money. If you can save money, make sure there is no lapse in coverage.

Fourth, provide notification to your current agent or company to cancel your current coverage and submit any necessary down payment along with the completed application for the new policy. As soon as you receive it, safely store the certificate verifying proof of insurance with your vehicle’s registration.

The most important part of shopping around is to make sure you enter the same level of coverage on each quote request and and to analyze as many car insurance companies as possible. Doing this enables a level playing field and the best price quote selection.

Astonishing but true, almost 70% of insureds in Virginia kept buying from the same company for at least the last four years, and roughly 40% of drivers have never compared rates to find cheaper insurance. Consumers in the United States can cut their rates by as much as $860 a year, but they assume it’s a waste of time to compare rates.

If you are already insured, you will definitely be able to save money using the ideas covered in this article. Locating the best insurance company for you in Virginia Beach is quite easy. But Virginia vehicle owners do need to understand the methods companies use to compete online.

When quoting insurance, remember that more quotes helps locate the best price.

The companies in the list below are our best choices to provide quotes in Virginia Beach, VA. If you want cheap car insurance in VA, it’s a good idea that you visit two to three different companies to find the cheapest auto insurance rates.

Insurance coverage details

The coverage table shown below highlights a range of insurance prices for Cadillac Escalade models. Having a better idea how auto insurance policy rates are calculated can help drivers make smart choices when selecting a policy.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Rate information does not factor in garaging location in Virginia Beach which can lower or raise prices significantly.

Where to set your deductibles

One of the more difficult decisions when buying car insurance is which deductible level should you buy. The premium rates below show the rate differences when you select higher and lower coverage deductibles. The first rate comparisons uses a $250 physical damage deductible and the second price chart uses a $500 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Prices do not factor in specific zip code location which can influence premium rates significantly.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs about $15 more each month or $180 every year across all Cadillac Escalade models than choosing the higher $500 deductible. Due to the fact that you would have to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you have at least 17 months between claim filings, you would probably be better off if you elect the higher deductible.

Cost comparison with and without full coverage

The illustration below compares Cadillac Escalade insurance prices when comparing full coverage to state minimum liability only. The data assumes no claims or violations, $250 deductibles, marital status is single, and no discounts are applied.

When to switch to liability coverage only

There is no set rule for excluding physical damage insurance, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.

For example, let’s say your Cadillac Escalade replacement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $7,000 after the deductible is paid. If you are paying more than $700 annually for comprehensive and collision coverage, then you might consider buying liability only.

There are some circumstances where dropping physical damage coverage is not financially feasible. If you still owe money on your vehicle, you have to carry full 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 in the event your current vehicle is totaled, you should keep full coverage.

Insurance is not optional

Despite the high cost of buying insurance for a Cadillac Escalade in Virginia Beach, buying insurance may not be optional for several reasons.

• The majority of states have mandatory insurance requirements which means it is punishable by state law to not carry specific limits of liability coverage if you drive a vehicle. In Virginia these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
• If your Escalade has a lienholder, most lenders will force you to have full coverage to ensure the loan is repaid in case of a total loss. If you default on your policy, the lender will be forced to insure your Cadillac at a much higher premium rate and require you to fork over the higher price.
• Insurance preserves your Cadillac Escalade and your assets. It will also reimburse you for most medical and hospital costs for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses if you cause an accident and are sued. If your Cadillac gets damaged, collision and comprehensive coverages will cover the repair costs.

The benefits of insuring your Escalade definitely exceed the price paid, particularly when you have a large claim. But the average driver in Virginia is overpaying more than $855 a year so we recommend shopping around at least once a year to ensure rates are inline.

Cut Insurance Costs with These Tips

Many factors are taken into consideration when pricing auto insurance. A few of the factors are predictable like an MVR report, but some are more obscure such as your marital status or how financially stable you are. An important part of buying insurance is that you know some of the factors that are used to determine your insurance rates. If you know what impacts premium levels, this allows you to make good choices that may reward you with lower rates.

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

• Cut premiums and deter theft – Choosing to buy a car with an alarm system can save you a little every year. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent auto theft and help lower rates.
• Know your credit history – A driver’s credit history can be a huge factor in calculating your insurance rates. If your credit can be improved, you could save money insuring your Cadillac Escalade if you improve your credit rating. Insureds with good credit tend to be less risk to insure than drivers with worse credit.
• Don’t cut corners with liability insurance – Your insurance policy’s liability coverage will protect you if ever you are found to be at fault for causing damage or personal injury in an accident. Your liability coverage provides you with a defense in court which can cost a lot. It is affordable coverage compared to physical damage coverage, so drivers should carry high limits.
• Getting married can lower costs – Your spouse can get you a discount compared to being single. It is viewed as being more mature than a single person it has been statistically shown that married couples file fewer claims.

• Age of drivers – Mature drivers are more responsible, tend to cause fewer accidents, and get fewer tickets. Beginning drivers tend to get distracted easily when at the wheel of a vehicle therefore insurance rates are much higher.

  The next chart uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.

• Put fewer miles on your vehicle – Driving a lot of miles every year the more you will pay for insurance. The majority of insurers apply a rate based upon how the vehicle is primarily used. Autos that are left in the garage cost less to insure than vehicles that have high annual mileage. An improperly rated Escalade may be costing you. Ask your agent if your insurance policy is showing the correct usage, because improper ratings can cost you money.

• Insurance premiums are higher for high performance vehicles – The performance of the vehicle you are insuring makes a big difference in your premium level. Economy passenger cars usually are quite affordable to insure, but that’s not the only thing that factors into the final price.

  The following data assumes a married female driver age 30, full coverage with $250 deductibles, and no discounts or violations. The chart compares Cadillac Escalade insurance premiums compared to other models of vehicles that have different performance risks.

• Traffic violations can increase premiums – How you drive impacts premiums far more than you think. Having a single citation could increase your next policy renewal by twenty percent. Attentive drivers get better prices as compared to careless drivers. Drivers unfortunate enough to have careless violations like DUI or reckless driving may find that they have to to prove financial responsibility with their state DMV in order to legally drive.

  The chart below shows how violations and at-fault collisions raise Cadillac Escalade insurance premiums for each age group. The information is based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.

• Insurance loss data for a Cadillac Escalade – Insurers analyze the history of losses to help determine costs. Models that the statistics show to have higher claim frequency or loss amount will be charged more to insure.

  The next table shows the compiled insurance loss statistics for Cadillac Escalade vehicles. For each insurance policy coverage type, the claim amount for all vehicles, regardless of manufacturer or model, equals 100. Values under 100 are indicative of better than average losses, while percentages above 100 point to more claims or statistically larger losses.

  
  

  Cadillac Escalade Insurance Claim Statistics

  Specific Cadillac 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
  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Cheaper car insurance is a realistic goal

Affordable Cadillac Escalade insurance in Virginia Beach is attainable both online in addition to local insurance agencies, and you should compare price quotes from both to have the best selection. Some insurance providers don’t offer price quotes online and usually these regional carriers work with independent agents.

As you go through the steps to switch your coverage, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are a lot of situations where drivers have reduced full coverage and discovered at claim time that it was a big mistake. The proper strategy is to purchase plenty of coverage at the lowest possible cost but still have enough coverage for asset protection.

More detailed car insurance information is available by following these links:

• Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
• How Much are Car Insurance Rates for Drivers Requiring a SR22 in Virginia Beach? (FAQ)
• Who Has Cheap Auto Insurance for 19 Year Olds in Virginia Beach? (FAQ)
• How Much is Car Insurance for Drivers with a DUI in Virginia Beach? (FAQ)
• Who Has Cheap Virginia Beach Car Insurance Rates After a Speeding Ticket? (FAQ)
• How Much is Virginia Beach Auto Insurance for High Mileage Drivers? (FAQ)
• Distracted Driving (Insurance Information Institute)
• Uninsured Motorists: Threats on the Road (Insurance Information Institute)
• How do I File a Claim? (Insurance Information Institute)