Find Affordable Cadillac Escalade EXT Insurance in Lexington

Are you kicking yourself for buying an overpriced insurance policy? Say no more because many consumers are feeling buyer’s remorse and feel like there’s no way out.

Insurance quote for Cadillac Escalade EXT in LexingtonA recent study revealed that over 70% of consumers kept buying from the same company for over three years, and approximately 40% of consumers have never quoted insurance rates at all. Many drivers in Kentucky could save an average of about $630 each year just by getting comparison quotes, but they don’t believe how much money they would save if they bought a different policy.

How to buy cheaper Cadillac Escalade EXT insurance in Lexington

The preferred way to get discount auto insurance rates in Lexington is to do an annual price comparison from different companies that sell auto insurance in Kentucky. You can compare prices by completing these steps.

The key thing to know about shopping around is to try to compare identical deductibles and limits on each price quote and and to compare as many car insurance companies as possible. This helps ensure an apples-to-apples comparison and the best price quote selection.

Consumers have multiple car insurance companies to purchase coverage from, and though it is a good thing to have a choice, it can be more difficult to find the lowest rates for Cadillac Escalade EXT insurance in Lexington.

Affordable Cadillac insurance rate quotes in Lexington

The companies in the list below provide price comparisons in Lexington, KY. If your goal is to find cheap auto insurance in KY, we suggest you visit two to three different companies in order to get a fair rate comparison.

Cadillac Escalade EXT insurance rate analysis

The price information shown next outlines a range of coverage prices for Cadillac Escalade EXT models. Having a good understanding how policy rates are figured can help guide drivers when making smart choices when buying a car insurance policy.

Cadillac Escalade EXT Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escalade EXT 4WD $310 $526 $326 $20 $98 $1,280 $107
Escalade EXT Luxury Edition 4WD $310 $526 $326 $20 $98 $1,280 $107
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Price estimates do not factor in zip code location which can impact prices greatly.

Insurance deductibles

A question often asked by Lexington drivers is how high should your deductibles be. The premium rates below outline how much more rates are of buying low and high coverage deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second pricing table uses a $500 deductible.

Cadillac Escalade EXT insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escalade EXT 4WD $382 $652 $326 $20 $98 $1,503 $125
Escalade EXT Luxury Edition 4WD $382 $652 $326 $20 $98 $1,503 $125
Get Your Own Custom Quote Go

Cadillac Escalade EXT insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escalade EXT 4WD $310 $526 $326 $20 $98 $1,280 $107
Escalade EXT Luxury Edition 4WD $310 $526 $326 $20 $98 $1,280 $107
Get Your Own Custom Quote Go

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

Based on the figures above, using a $250 deductible costs approximately $18 more each month or $216 each year across all Cadillac Escalade EXT models than selecting the higher $500 deductible. Since you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you go at a minimum 14 months between claim filings, you would save money if you elect the higher deductible.

Liability only or full coverage

The example below shows the comparison of Cadillac Escalade EXT car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on no violations or accidents, $100 deductibles, drivers are single, and no policy discounts are applied.

When to drop full coverage

There is no set guideline to delete full coverage, but there is a general guideline. If the annual cost of coverage is more than about 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let’s pretend your Cadillac Escalade EXT replacement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $8,000 after paying your policy deductible. If you are currently paying more than $800 a year for physical damage coverage, then you may need to consider dropping full coverage.

There are some situations where dropping full coverage is not advised. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.

Cheap Lexington auto insurance rates with discounts

Auto insurance is not inexpensive, but companies offer discounts that you may not even be aware of. Some discounts will apply at quote time, but once in a while a discount must be manually applied prior to receiving the credit.Auto insurance discounts

You can save money using discounts, but most credits do not apply to the entire policy premium. Most only apply to individual premiums such as liability and collision coverage. Even though the math looks like you could get a free auto insurance policy, nobody gets a free ride.

The chart below illustrates the difference between Cadillac Escalade EXT car insurance costs with and without discounts applied to the premium. The prices are based on a male driver, no violations or accidents, Kentucky state minimum liability limits, comp and collision included, 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-car, multi-policy, homeowner, marriage, and claim-free discounts applied.

To see a list of insurers who offer discounts in Lexington, follow this link.

Learn How to Lower Your Insurance Rates

When buying car insurance it’s important to understand some of the elements that aid in calculating the price you pay for car insurance. If you have some idea of what determines premiums, this helps enable you to make changes that could help you find cheaper rates. Many factors are used in the calculation when pricing auto insurance. Most are fairly basic like a motor vehicle report, although some other factors are more transparent such as your marital status or your commute time.

Vehicle risk impacts prices – The performance of the vehicle you are insuring makes a huge difference in determining your rates. The lowest performance passenger vehicles usually have the lowest rates, but the final cost of insurance is determined by many other factors.

The data below uses these variables: married male driver age 20, full coverage with $100 deductibles, and no discounts or violations. It illustrates Cadillac Escalade EXT rates compared to other makes and models that have a range of performances.

Save money with alarms and GPS tracking – Driving a car that has a built-in theft deterrent system can get you a discount on your car insurance. Advanced theft deterrents like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping car theft.

Male rates may be higher – Over the last 50 years, statistics have shown that women are safer drivers than men. The data does not necessarily mean that men are worse drivers. They both cause accidents at about the same rate, but the male of the species tend to have more serious accidents. Not only that, but men also get higher numbers of serious violations such as reckless driving. Young males are most likely to cause an accident and therefore have the most expensive car insurance rates.

The chart below shows the difference between Cadillac Escalade EXT auto insurance costs for male and female drivers. The rate quotes are based on no tickets, no at-fault accidents, comp and collision included, $250 deductibles, single marital status, and no additional discounts are factored in.

Five star safety rating saves money – Safe vehicles are cheaper to insure. Safe vehicles help reduce the chance of injuries in an accident and lower injury rates translates into fewer and smaller insurance claims which can mean better rates for you. If your Cadillac Escalade EXT is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.

Drivers with high credit save on car insurance – Your credit rating factor in calculating your car insurance rates. Therefore, if your credit is not that good, you could pay less to insure your Cadillac Escalade EXT if you improve your credit rating. Drivers who have excellent credit tend to file fewer claims than drivers with lower credit scores.

You may need advice from an insurance agency

Some consumers just want to sit down and talk to an agent and that is a smart decision One of the benefits of getting free rate quotes online is the fact that you can find cheaper rates and still buy from a local agent.

Find insurance agent in LexingtonUpon completion of this form (opens in new window), your coverage information gets sent to companies in Lexington who will give competitive quotes and help you find cheaper coverage. There is no need to find an agent as quotes are delivered to you directly. It’s the lowest rates and work with a local agent. If for some reason you want to compare prices for a specific company, feel free to visit that company’s website and submit a quote form there.

Finding the right insurer is decision based upon more than just the bottom line cost. The answers to these questions are important, too.

Compare rates from both independent and exclusive auto insurance agents

When searching for a local insurance agency, there are a couple of types of agencies and how they operate. Insurance agents can be described as either independent agents or exclusive agents depending on their employer.

Exclusive Insurance Agencies

Agents in the exclusive channel can only quote rates from one company and some examples include Allstate, State Farm and Farmers Insurance. Exclusive agents cannot provide prices from multiple companies so they have to upsell other benefits. Exclusive agencies are usually quite knowledgeable on the products they sell which can be an advantage.

Listed below are exclusive insurance agents in Lexington who can help you get price quote information.

125 Towne Center Dr #125Lexington, KY 40511(859) 266-2121View Map

Joe Daugherty – State Farm Insurance Agent
651 Perimeter Dr Ste 204Lexington, KY 40517(859) 269-4990View Map

Bob Pugh – State Farm Insurance Agent
828 Lane Allen Rd #251Lexington, KY 40504(859) 276-4421View Map

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Independent Insurance Agents

Agents in the independent channel are normally appointed by many insurers so as a result can place your coverage with an assortment of companies enabling the ability to shop coverage around. If they find a lower price, your policy is moved internally and you don’t have to switch agencies.

If you are comparing rate quotes, we highly recommend that you include price quotes from a couple of independent agencies in order to have the best price comparison.

The following are independent insurance agencies in Lexington willing to provide rate quotes.

1066 Wellington WayLexington, KY 40513(859) 224-2477View Map

1202 Winchester Rd #100Lexington, KY 40505(859) 253-2728View Map

635 N BroadwayLexington, KY 40508(859) 233-1637View Map

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After receiving good feedback to any questions you may have as well as a affordable price, you’ve probably found an insurance agent that is a good match to properly service your insurance policy. Just remember it’s your policy and you can cancel coverage at any point so don’t assume you are locked into the insurance policy for the full policy term.

Car insurance companies ranked

Selecting the highest-rated auto insurance provider is difficult considering how many choices you have in Kentucky. The ranking information listed below can help you pick which providers you want to consider putting your business with.

Top 10 Lexington Car Insurance Companies Ranked by Customer Service

  1. USAA
  2. Travelers
  3. AAA Insurance
  4. Nationwide
  5. Safeco Insurance
  6. Progressive
  7. State Farm
  8. The Hartford
  9. The General
  10. Esurance

Top 10 Lexington Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. AAA Insurance
  4. Nationwide
  5. Allstate
  6. State Farm
  7. The Hartford
  8. Safeco Insurance
  9. Progressive
  10. American Family

More quotes mean more insurance savings

In this article, we covered many ways to compare Cadillac Escalade EXT insurance car insurance rates in Lexington. The key thing to remember is the more companies you get premium rates for, the better chance you’ll have of finding the cheapest Cadillac Escalade EXT rate quotes. You may even be surprised to find that the lowest car insurance rates come from a smaller regional carrier. Regional companies can often provide lower premium rates in certain areas as compared to the big name companies such as GEICO and State Farm.

As you restructure your insurance plan, never sacrifice coverage to reduce premiums. In many instances, consumers will sacrifice uninsured motorist or liability limits only to discover later that saving that couple of dollars actually costed them tens of thousands. Your goal is to purchase a proper amount of coverage for the lowest price but still have enough coverage for asset protection.

Discount Cadillac Escalade EXT insurance in Lexington is definitely available on the web and with local Lexington insurance agents, so get free Lexington car insurance quotes from both of them in order to have the best chance of saving money. Some insurance companies may not provide rates over the internet and many times these small, regional companies only sell coverage through independent agents.

How to buy affordable Cadillac Escalade EXT insurance in Lexington

The most effective way to find more affordable Cadillac Escalade EXT insurance in Lexington is to compare quotes annually from companies who sell insurance in Kentucky. Rates can be compared by completing these steps.

  1. It will benefit you to learn about individual coverages and the steps you can take to prevent expensive coverage. Many factors that are responsible for high rates such as your driving record and a negative credit history can be rectified by paying attention to minor details.
  2. Compare prices from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give prices from one company like GEICO or State Farm, while agents who are independent can give you price quotes from multiple companies. Compare rates now
  3. Compare the new quotes to the price on your current policy to see if a cheaper price is available. If you find a lower rate and buy the policy, make sure coverage does not lapse between policies.
  4. Notify your agent or company of your decision to cancel the current policy. Submit the signed application along with the required initial payment to the new company. As soon as you can, put the new proof of insurance certificate in your vehicle’s glove compartment or console.

One piece of advice is to try to compare identical coverages on each quote request and and to get rate quotes from as many different companies as possible. Doing this enables an accurate price comparison and the best price selection.

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