Cheapest Insurance for a Cadillac Escalade in Lexington

Insurance quote for Cadillac Escalade in LexingtonThe recommended way to find more affordable car insurance rates in Lexington is to compare prices once a year from different companies who sell insurance in Kentucky. Drivers can shop around by following these guidelines.

A good piece of advice is to make sure you’re comparing the same liability limits and deductibles on every quote and and to look at as many companies as feasibly possible. This helps ensure the most accurate price comparison and the most accurate and complete price analysis.

It’s safe to conclude that auto insurance companies want to keep your business as long as possible. People who do rate comparisons will most likely buy a new policy because the odds are good of finding a more affordable policy. A survey found that drivers who compared rates once a year saved over $3,500 over four years compared to people who never shopped around for better prices.

If finding budget-friendly auto insurance in Lexington is the reason you’re reading this, then knowing the best way to compare insurance coverage can help simplify the process.

To find the best auto insurance rates, there are several ways of comparing rate quotes from all the different companies. The fastest way to find affordable Cadillac Escalade insurance rates is to perform an online rate comparison.

It’s so easy to compare rates online that it replaces the need to drive to local Lexington insurance agencies. Comparing Cadillac Escalade insurance rate quotes online eliminates this option unless you prefer the guidance of a licensed agent. However, consumers can comparison shop your insurance online but buy the policy through an agent.

When price shopping your coverage, comparing more rates from different companies helps you find lower pricing.

The following companies have been selected to offer free rate quotes in Lexington, KY. If multiple companies are listed, we recommend you compare several of them to get the cheapest price.

Get cheaper Cadillac Escalade insurance rates in Lexington

Insurance is expensive, but companies offer discounts that you may not know about. Larger premium reductions will be automatically applied when you purchase, but some may not be applied and must be requested specifically in order for you to get them.Insurance discounts

Don’t be shocked that many deductions do not apply to the entire policy premium. Most only apply to the price of certain insurance coverages like medical payments or collision. So when it seems like all those discounts means the company will pay you, you won’t be that lucky.

The chart below illustrates the difference between Cadillac Escalade insurance prices with and without discounts being applied to the rates. The rates are based on a female driver, no accidents or driving violations, Kentucky state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, marriage, multi-policy, claim-free, and homeowner discounts applied.

Large insurance companies and some of their more popular discounts can be read below.

When getting free Lexington car insurance quotes, it’s a good idea to all the companies which credits you are entitled to. Some discounts listed above might not be offered on policies everywhere. If you would like to see a list of providers with discount rates in Lexington, follow this link.

Coverage information

The price information displayed next outlines a range of insurance rates for Cadillac Escalade models. Being aware of how insurance premiums are established can be valuable when making informed coverage decisions.

Cadillac Escalade Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escalade 2WD $212 $418 $494 $30 $148 $1,302 $109
Escalade Luxury Edition 2WD $212 $418 $494 $30 $148 $1,302 $109
Escalade 4WD $212 $418 $494 $30 $148 $1,302 $109
Escalade Premium Edition 4WD $232 $418 $494 $30 $148 $1,322 $110
Escalade Luxury Edition 4WD $232 $418 $494 $30 $148 $1,322 $110
Escalade Premium Edition 2WD $232 $418 $494 $30 $148 $1,322 $110
Escalade Hybrid 2WD $232 $526 $446 $26 $134 $1,364 $114
Escalade Hybrid 4WD $232 $526 $446 $26 $134 $1,364 $114
Escalade Platinum Edition 2WD $232 $472 $494 $30 $148 $1,376 $115
Escalade Platinum Edition 4WD $232 $472 $494 $30 $148 $1,376 $115
Escalade Hybrid Platinum 2WD $252 $582 $446 $26 $134 $1,440 $120
Escalade Hybrid Platinum 4WD $252 $582 $446 $26 $134 $1,440 $120
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Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Premium costs do not factor in specific zip code location which can lower or raise price quotes substantially.

Cadillac Escalade liability-only versus full coverage

The diagram below illustrates the difference between Cadillac Escalade annual premium costs when comparing full coverage to state minimum liability only. The rate quotes are based on a clean driving record, no claims, $250 deductibles, drivers are not married, and no discounts are applied to the premium.

When to drop full coverage

There is no clear-cut formula to exclude comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let’s assume your Cadillac Escalade replacement cost is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, you would only receive $7,000 after paying your policy deductible. If it’s costing in excess of $700 annually for full coverage, then you may want to consider only buying liability coverage.

There are a few cases where only buying liability is not a good idea. If you haven’t satisfied your loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage in place.

Six factors that affect insurance prices

Part of the insurance buying process is learning the rating factors that come into play when calculating your policy premiums. If you understand what positively or negatively impacts your premiums, this allows you to make educated decisions that will entitle you to better insurance rates.

Teen drivers pay high rates – Older insureds tend to be more responsible, tend to file fewer claims, and tend to be get fewer driving tickets. Inexperience drivers have been known to be less responsible when driving with friends therefore insurance rates are much higher.

The chart below uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.

High stress vocation may mean higher rates – Did you know your career choice can influence rates? Jobs such as military generals, airline pilots, and miners tend to have higher premium rates in part from high stress and incredibly demanding work hours. On the other hand, occupations like farmers, athletes and performers get better rates.

An active insurance claims history can cost more – Auto insurance companies in Kentucky award better rates to people who are claim-free. If you’re an insured who likes to file claims you can expect higher premiums or even policy non-renewal. Your car insurance is intended to be relied upon for larger claims.

Pleasure use saves money – The more you drive your Cadillac in a year’s time the more you’ll pay to insure it. Almost all companies charge rates based on how the vehicle is used. Cars and trucks that have low annual miles get more affordable rates than those used for commuting. Ask your agent if your declarations sheet properly reflects the proper vehicle usage, because it can save money. Improper usage on your Escalade is throwing money out the window.

Drive a fast car and pay more – The performance level of the vehicle you own makes a huge difference in how high your rates are. Lower performance four cylinder passenger vehicles normally have pretty low rates, but there are many factors that impact the final cost.

The data below is based on a single male driver age 40, full coverage with $1000 deductibles, and no discounts or violations. It shows Cadillac Escalade policy rates compared to other models that have different performance risks.

Is insurance cheaper for men or women? – Statistics show that men are more aggressive behind the wheel. Now that doesn’t mean men are WORSE drivers than women. Women and men cause at-fault accidents at a similar rate, but the males have costlier accidents. They also get more serious tickets such as reckless driving.

The example below compares Cadillac Escalade insurance prices for male and female drivers. The data is based on no claims or driving violations, comprehensive and collision coverage, $500 deductibles, drivers are not married, and no other discounts are factored in.

Insurance loss data for a Cadillac Escalade – Insurance companies include the past claim history for a vehicle when setting rates for each model. Models that historically have higher claim amounts or frequency will cost more for specific coverages.

The table shown below demonstrates the insurance loss data for Cadillac Escalade vehicles. For each type of coverage, the loss probability for all vehicles averaged together is set at 100. Values under 100 suggest losses that are better than average, while numbers shown that are more than 100 indicate more frequent claims or an increased likelihood of larger losses.

Car Insurance Loss Data for Cadillac Escalade Models
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

Empty fields indicate not enough data collected
Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years