Auto Insurance Rates for a Cadillac Escalade EXT in Tampa

If you want to save the most money, the best way to get the cheapest Cadillac Escalade EXT insurance in Tampa is to start comparing rates regularly from insurance carriers in Florida.

1. Spend some time learning about car insurance and the modifications you can make to keep rates in check. Many policy risk factors that increase rates such as getting speeding tickets and a bad credit score can be rectified by making small lifestyle or driving habit changes. This article provides additional tips to get better rates and find overlooked discounts.
2. Quote rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give prices from one company like GEICO or Allstate, while agents who are independent can provide prices from many different companies. View companies
3. Compare the new rate quotes to the premium of your current policy to see if a cheaper rate is available. If you find a better price and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

A good piece of advice is to make sure you’re comparing the same physical damage deductibles and liability limits on every quote request and and to get price quotes from as many different companies as possible. This guarantees a level playing field and maximum price selection.

Amazingly, the majority of drivers have purchased from the same company for at least four years, and approximately 38% of consumers have never shopped around. The average driver in Tampa could cut their rates by about $1,130 a year by just comparing rate quotes, but they won’t spend time to find lower-cost rates by getting comparison quotes.

To find affordable Tampa car insurance quotes, there are several ways to get quotes from auto insurance companies in your area. The simplest method to lower the rate you pay for Cadillac Escalade EXT insurance is simply to get online rate quotes.

Comparing free price quotes online is easy and it, takes the place of having to spend your day driving to and from local Tampa insurance agencies. Comparing Cadillac Escalade EXT insurance rates online reduces the need to sit down with an agent unless your situation requires the professional abilities of a local Tampa agent. Some companies do allow you to obtain prices from the web but still have the advice of a local agent.

Just keep in mind that comparing more prices will improve the odds of getting lower pricing. Not every company allows you to get price estimates online, so it’s necessary to compare prices from those companies as well.

The providers in the list below have been selected to offer comparison quotes in Tampa, FL. If multiple companies are listed, it’s highly recommended you visit several of them to get the most affordable price.

Cadillac Escalade EXT insurance charts and tables

The premium information displayed below covers detailed analysis of insurance coverage prices for Cadillac Escalade EXT models. Being able to understand how rate quotes are established can help you make decisions on which coverage to buy.

Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Rate quotes do not factor in vehicle garaging location which can impact price quotes substantially.

An analysis of deductible level

One of the hardest decisions when shopping for car insurance is what deductibles to buy. The following tables can help you understand the rate fluctuation when you select higher and lower policy deductibles. The first price estimate table uses a $100 physical damage coverage deductible and the second price chart uses a $500 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Price information does not factor in specific location information which can modify prices greatly.

Using the data above, we can ascertain that using a $100 deductible will cost you approximately $41 more each month or $492 each year across all Cadillac Escalade EXT models than choosing the higher $500 deductible. Because you would be required to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to go at a minimum 10 months between claim filings, you would come out ahead if you choose a higher deductible.

One thing to note is that a higher deductible results in a higher out-of-pocket expense when you have a physical damage claim. That will require some extra savings in the event you have to pay the deductible for vehicle repair.

The chart below shows how choosing a deductible and can impact Cadillac Escalade EXT yearly insurance costs for each different age group. The rate quotes are based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.

Liability only or full coverage

The example below shows the comparison of Cadillac Escalade EXT car insurance costs with full physical damage coverage and with liability coverage only. The data assumes no claims, a clean driving record, $1,000 deductibles, single marital status, and no policy discounts are applied.

Guidelines for dropping full coverage

There is no definitive guideline for excluding comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is about 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s assume your Cadillac Escalade EXT settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $5,000 after you pay the deductible. If it’s costing in excess of $500 a year for full coverage, then it might be time to buy liability only.

There are a few cases where buying only liability insurance is not advised. If you still have a loan on your vehicle, you have to keep full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.

Lower-cost Tampa insurance rates with discounts

Insurance is not an enjoyable expense, but you might find some hidden discounts to help bring down the price. Certain discounts will be triggered automatically at the time of purchase, but some discounts are required to be manually applied before they will apply. If you don’t get every credit available, you may be paying too high a price.

• Active Service Discounts – Having a family member in the military can result in better insurance rates.
• Passive Restraint Discount – Vehicles equipped with air bags can get savings of more than 20%.
• Use Seat Belts – Drivers who require all vehicle occupants to buckle up before driving can save a little on the premium charged for medical payments and/or PIP.
• Defensive Driver – Taking time to complete a safe driver course may get you a small discount and also improve your driving technique.
• Accident Forgiveness Coverage – Not a discount per se, but companies like Liberty Mutual, Allstate and State Farm allow you one accident without the usual rate increase if you have no claims for a particular time prior to the accident.
• Early Renewal Discounts – Some larger companies reward drivers for buying a new policy prior to your current Escalade EXT insurance policy expiration. You may see this discount when you get Tampa car insurance quotes online.
• Theft Deterrent Discount – Anti-theft and alarm system equipped vehicles can help prevent theft and will save you 10% or more on Escalade EXT insurance in Tampa.
• Bundled Policy Discount – When you combine your auto and homeowners insurance and insure them both with the same insurance company they may give you a discount of approximately 10% to 15%.
• ABS Brakes – Vehicles that have anti-lock braking systems have fewer accidents and qualify for as much as a 10% discount.
• Telematics Discount – Drivers that enable companies to monitor driving habits by using a telematics device in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive could save a few bucks if they exhibit good driving behavior.

Keep in mind that most credits do not apply to the entire cost. Some only apply to specific coverage prices like medical payments or collision. So even though they make it sound like having all the discounts means you get insurance for free, nobody gets a free ride.

The example below illustrates the comparison of Cadillac Escalade EXT insurance premiums with and without discounts applied to the policy rates. The information is based on a male driver, no claims or driving violations, Florida state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, multi-car, marriage, claim-free, and safe-driver discounts applied.

Some companies that may have many of the previously listed discounts include:

• Farmers Insurance
• State Farm
• Liberty Mutual
• MetLife
• Progressive

If you want the cheapest Cadillac Escalade EXT rate quotes, ask every prospective company to apply every possible discount. All car insurance discounts might not apply in your area.

Three main reasons to buy insurance

Despite the potentially high cost of Cadillac Escalade EXT insurance, insurance may be required and benefits you in several ways.

• The majority of states have minimum liability requirements which means the state requires specific limits of liability insurance coverage in order to be legal. 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 Escalade EXT with a loan, most lenders will have a requirement that you carry insurance to guarantee payment of the loan. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Cadillac for a much higher rate and require you to reimburse them for the expensive policy.
• Insurance protects not only your Cadillac but also your assets. It will also cover many types of medical costs incurred in an accident. One policy coverage, liability insurance, will also pay attorney fees if you cause an accident and are sued. If your Cadillac gets damaged, comprehensive and/or collision insurance will pay to repair the damage.

The benefits of buying insurance are without a doubt worth the cost, especially if you ever need it. Today the average American driver overpays as much as $810 a year so you should quote and compare rates every year to ensure rates are competitive.

Are car insurance agents a thing of the past?

Some consumers still prefer to talk to a local agent and that can be a smart move One of the best bonuses of price shopping on the web is you may find cheap car insurance quotes and still buy from a local agent. And buying from neighborhood insurance agencies is important particularly in Tampa.

For easy comparison, once you complete this quick form, the quote information is emailed to insurance agents in Tampa who will return price quotes for your insurance coverage. You never need to find an agent on your own due to the fact that quote results will go to you. You can get cheaper car insurance rates and an insurance agent to talk to. In the event you want to get a comparison quote from a particular provider, you would need to go to their quote page and complete a quote there.

If you are wanting to find a reputable insurance agent or broker, you should know the different types of agents and how they differ in how they quote coverages. Agents can be classified as either independent (non-exclusive) or exclusive.

Independent Agents (or Brokers)

Agents that elect to be independent are normally appointed by many insurers and that enables them to quote your coverage with a variety of different insurance companies depending on which coverage is best. If you want to switch companies, your agent can just switch to a different company and you don’t have to switch agencies.

When comparing rate quotes, it’s recommended you compare quotes from at least one independent agent to have the most options to choose from.

Listed below are independent insurance agents in Tampa that can give you comparison quotes.

More insurance agents

Exclusive Agencies

These agents can usually just insure with one company such as State Farm, Allstate, or Farmers Insurance. These agents are not able to compare other company’s rates so they are skilled at selling on more than just price. These agents are highly trained on their company’s products which helps offset the inability to provide other markets.

Shown below are exclusive insurance agents in Tampa willing to provide rate quotes.

More insurance agents

Picking the best insurance agent shouldn’t rely on just the quoted price. Some important questions to ask are:

• How often do they review policy coverages?
• Which insurance companies are they affiliated with?
• How long has their agency been in business in Tampa?
• Is the agency involved in supporting local community causes?
• Can glass claims be handled at your home?

Upon receiving answers to your satisfaction for all questions you ask as well as offering an affordable quote, you may have just found an insurance agent that meets the criteria to properly insure your vehicles. Keep in mind you have the power to cancel coverage when you choose so don’t think you are locked into any specific agency for any length of time.