Save Money on Cadillac Escalade Insurance in Jacksonville

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Insurance quote for Cadillac Escalade in JacksonvilleUnbelievable but true according to a study most car insurance buyers kept their policy with the same company for at least four years, and about 40% of consumers have never compared rates to find lower-cost insurance. Jacksonville drivers can cut their rates by up to $1,130 a year by just shopping around, but they just assume it's a time-consuming process to compare rate quotes.

Truthfully, the best way to save on Cadillac Escalade insurance is to do a yearly price comparison from insurers in Jacksonville. You can compare rates by following these guidelines.

First, try to comprehend how car insurance works and the measures you can take to prevent expensive coverage. Many factors that increase rates like accidents, traffic violations, and a less-than-favorable credit rating can be amended by making lifestyle changes or driving safer.

Second, request price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from one company like GEICO and Allstate, while agents who are independent can provide rate quotes from multiple sources. Select a company

Third, compare the new rate quotes to your existing policy to see if a cheaper price is available in Jacksonville. If you find a better price and switch companies, make sure there is no lapse in coverage.

The key aspect of shopping around is to make sure you enter similar limits and deductibles on every quote request and and to get rates from as many companies as possible. Doing this provides an accurate price comparison and a better comparison of the market.

If you're already insured or are looking for a new policy, use these techniques to cut your premiums and still have adequate protection. Buying the cheapest car insurance in Jacksonville can be much easier if you know how to start. You only need an understanding of the most effective way to compare prices from multiple carriers.

The providers in the list below are our best choices to provide quotes in Florida. If multiple providers are shown, it's highly recommended you compare several of them to get the best price comparison.

Why you need insurance

Even though Jacksonville Escalade insurance rates can get expensive, insurance is most likely required but also gives you several important benefits.

  • Most states have minimum mandated liability insurance limits which means you are required to carry specific limits of liability protection 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 your Cadillac has a lienholder, it's guaranteed your bank will force you to buy full coverage to ensure they get paid if you total the vehicle. If you default on your policy, the lender may insure your Cadillac at an extremely high rate and force you to pay for the expensive policy.
  • Insurance protects both your Cadillac and your personal assets. It will also pay for all forms of medical expenses for yourself as well as anyone injured by you. Liability coverage, the one required by state law, will also pay for a defense attorney if someone files suit against you as the result of an accident. If mother nature or an accident damages your car, your policy will cover the repair costs.

The benefits of insuring your car definitely exceed the cost, especially when you need to use it. But the average American driver is overpaying over $850 per year so smart consumers compare quotes at every renewal to help ensure money is not being wasted.

Insurance coverage analysis

The rate information displayed below highlights detailed analysis of insurance premium costs for Cadillac Escalade models. Having a good understanding how car insurance premiums are formulated can help you make decisions when choosing a new policy provider.

Cadillac Escalade Insurance Rates in Jacksonville, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escalade 2WD $482 $862 $532 $32 $160 $2,068 $172
Escalade Luxury Edition 2WD $482 $862 $532 $32 $160 $2,068 $172
Escalade 4WD $482 $862 $532 $32 $160 $2,068 $172
Escalade Premium Edition 4WD $528 $862 $532 $32 $160 $2,114 $176
Escalade Luxury Edition 4WD $528 $862 $532 $32 $160 $2,114 $176
Escalade Premium Edition 2WD $528 $862 $532 $32 $160 $2,114 $176
Escalade Hybrid 2WD $528 $1088 $480 $28 $144 $2,268 $189
Escalade Hybrid 4WD $528 $1088 $480 $28 $144 $2,268 $189
Escalade Platinum Edition 2WD $528 $974 $532 $32 $160 $2,226 $186
Escalade Platinum Edition 4WD $528 $974 $532 $32 $160 $2,226 $186
Escalade Hybrid Platinum 2WD $572 $1202 $480 $28 $144 $2,426 $202
Escalade Hybrid Platinum 4WD $572 $1202 $480 $28 $144 $2,426 $202
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Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Premium costs do not factor in specific location information which can impact insurance rates substantially.

Deductible analysis

One of the more difficult decisions when buying car insurance is where to set your physical damage deductibles. The rates shown below illustrate how much more you'll pay when you choose different deductibles. The first data table uses a $250 deductible for physical damage and the second price chart uses a $1,000 deductible.

Cadillac Escalade insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escalade 2WD $446 $736 $522 $30 $156 $1,915 $160
Escalade Luxury Edition 2WD $446 $736 $522 $30 $156 $1,915 $160
Escalade 4WD $446 $736 $522 $30 $156 $1,915 $160
Escalade Premium Edition 4WD $488 $736 $522 $30 $156 $1,957 $163
Escalade Luxury Edition 4WD $488 $736 $522 $30 $156 $1,957 $163
Escalade Premium Edition 2WD $488 $736 $522 $30 $156 $1,957 $163
Escalade Hybrid 2WD $488 $930 $472 $28 $142 $2,085 $174
Escalade Hybrid 4WD $488 $930 $472 $28 $142 $2,085 $174
Escalade Platinum Edition 2WD $488 $834 $522 $30 $156 $2,055 $171
Escalade Platinum Edition 4WD $488 $834 $522 $30 $156 $2,055 $171
Escalade Hybrid Platinum 2WD $530 $1028 $472 $28 $142 $2,225 $185
Escalade Hybrid Platinum 4WD $530 $1028 $472 $28 $142 $2,225 $185
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Cadillac Escalade insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escalade 2WD $276 $464 $522 $30 $156 $1,448 $121
Escalade Luxury Edition 2WD $276 $464 $522 $30 $156 $1,448 $121
Escalade 4WD $276 $464 $522 $30 $156 $1,448 $121
Escalade Premium Edition 4WD $302 $464 $522 $30 $156 $1,474 $123
Escalade Luxury Edition 4WD $302 $464 $522 $30 $156 $1,474 $123
Escalade Premium Edition 2WD $302 $464 $522 $30 $156 $1,474 $123
Escalade Hybrid 2WD $302 $586 $472 $28 $142 $1,530 $128
Escalade Hybrid 4WD $302 $586 $472 $28 $142 $1,530 $128
Escalade Platinum Edition 2WD $302 $524 $522 $30 $156 $1,534 $128
Escalade Platinum Edition 4WD $302 $524 $522 $30 $156 $1,534 $128
Escalade Hybrid Platinum 2WD $328 $646 $472 $28 $142 $1,616 $135
Escalade Hybrid Platinum 4WD $328 $646 $472 $28 $142 $1,616 $135
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Prices do not factor in specific zip code location which can modify coverage rates noticeably.

Based on these figures, using a $250 deductible could cost the average driver approximately $43 more each month or $516 for a full year averaged for all Escalade models than requesting the higher $1,000 deductible. Since you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you average more than 17 months between claims, you would probably be better off by going with a higher deductible.

How to decide to raise your deductibles

Average monthly premium for $250 deductibles: $169
Average monthly premium for $1,000 deductibles (subtract): - $126
Monthly savings from raising deductible: $43
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $43
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

One thing to note is that a higher deductible level means you will have to cover more of the damage yourself when you have a claim. That will necessitate some savings in the bank in the event you need to pay the deductible.

The illustration below illustrates how choosing a deductible and can change Cadillac Escalade premium costs for different age groups. The prices are based on a married male driver, full physical damage coverage, and no other discounts are factored in.

Full coverage or liability only

The example below shows the difference between Cadillac Escalade annual premium costs when comparing full coverage to state minimum liability only. The premiums are based on a clean driving record, no at-fault accidents, $500 deductibles, drivers are single, and no other discounts are factored in.

Guidelines for eliminating full coverage

There is no exact formula to stop buying physical damage coverage, but there is a general convention. If the annual cost of coverage is 10% or more of the settlement you would receive from your company, then it might be time to buy liability only.

For example, let's assume your Cadillac Escalade book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $2,000 after the policy deductible has been paid. If it's costing in excess of $200 annually for physical damage coverage, then you might want to think about dropping full coverage.

There are a few cases where dropping physical damage coverage is not a good idea. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.

You may qualify for discounts for Cadillac Escalade insurance in Jacksonville

Companies that sell car insurance don't always advertise their entire list of discounts in an easy-to-find place, so we took the time to find both the well known and also the more inconspicuous discounts that you can inquire about if you buy Jacksonville auto insurance online.Save money with discounts

  • Multi-Vehicle Discounts - Having multiple cars or trucks on one policy may reduce the rate for each vehicle.
  • Policy Bundle Discount - When you combine your home and auto insurance with one insurance company you will save nearly 15% which can help you find the cheapest Cadillac Escalade insurance in Jacksonville.
  • Discount for Life Insurance - Select auto insurance companies reward you with a discounted rate on car insurance if you buy a life insurance policy as well.
  • Low Mileage - Low annual miles can qualify you for lower prices on the low mileage vehicles.
  • Driver Safety - Taking a course teaching defensive driver skills could earn you a small percentage discount and make you a better driver.
  • New Car Discount - Adding a new car to your policy may earn a small discount because newer models have to meet stringent safety requirements.
  • Driver's Education for Students - Make teen driver coverage more affordable by requiring them to take driver's ed class in school.
  • Data Collection Discounts - People who choose to allow companies to track their driving habits through the use of a telematics system such as Drivewise from Allstate or Snapshot from Progressive could save a few bucks if their driving habits are good.
  • College Student Discount - Children living away from Jacksonville attending college without a vehicle on campus can receive lower rates.
  • ABS Braking Discount - Vehicles with ABS and/or traction control can avoid accidents so companies give up to a 10% discount.

Drivers should understand that some of the credits will not apply to the overall cost of the policy. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. If you do the math and it seems like it's possible to get free car insurance, it just doesn't work that way. But any discount should help reduce your policy premium.

The illustration below illustrates the comparison of Cadillac Escalade insurance prices with and without discounts applied to the premium. The costs are based on a female driver, a clean driving record, no claims, Florida state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-car, safe-driver, multi-policy, and homeowner discounts applied.

To locate companies that offer many of these discounts in Jacksonville, click here to view.