Cheap Insurance for a Cadillac Escalade in Long Beach

Are you burned out from paying out the nose to pay insurance each month? Your situation is no different than many other California drivers.

It’s astonishing, but 70% of consumers kept their policy with the same company for at least the last four years, and nearly the majority have never compared rate quotes at all. California insurance shoppers could save an average of almost 35% each year by just comparing rate quotes, but they just don’t understand how much they could save if they switch to a new company. Due to the increasing number of companies to choose from that have cheap insurance for a Cadillac Escalade in Long Beach, it can be impossible to pick the cheapest company.

The companies shown below have been selected to offer quotes in California. In order to find the best auto insurance in Long Beach, we suggest you visit as many as you can in order to get a fair rate comparison.

Cadillac Escalade detailed coverage information

The information shown next showcases a range of policy rates for Cadillac Escalade models. Learning as much as possible about how insurance policy premiums are determined can assist in making smart choices when choosing a car insurance company.

Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Information does not factor in garaging location in Long Beach which can raise or lower coverage prices significantly.

An analysis of deductible level

The hardest decision when buying coverage is how high should the physical damage deductibles be. The following tables may help you to understand the price difference between high and low coverage deductibles. The first data table uses a $100 deductible for physical damage and the second price grid uses a $500 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Table data does not factor in vehicle garaging location which can alter auto insurance rates noticeably.

Based on this data, we can arrive at the conclusion that using a $100 deductible could cost the average driver approximately $43 more each month or $516 each year across all Cadillac Escalade models than opting for the higher $500 deductible. Since you would have to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to average at least 9 months between claim filings, you would probably come out ahead if you decide on a higher deductible.

Insurance rate increases from tickets or accidents

The diagram below illustrates how speeding tickets and at-fault claims raise Cadillac Escalade insurance costs for each different age group. The costs are based on a married male driver, full coverage, $500 deductibles, and no discounts are factored in.

Cost difference between full coverage and liability

The chart below visualizes the comparison of Cadillac Escalade premium costs with and without physical damage coverage. The premium estimates are based on a clean driving record, no claims, $100 deductibles, drivers are not married, and no other discounts are factored in.

Guidelines for dropping full coverage

There is no definitive formula for dropping comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is about 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.

For example, let’s pretend your Cadillac Escalade replacement cost is $8,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $7,000 after paying your deductible. If premiums are more than $700 annually to have full coverage, then you may want to consider only buying liability coverage.

There are some scenarios where dropping full coverage is not financially feasible. If you still owe money on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should keep full coverage on your policy.

It may be expensive, but it’s not optional

Despite the potentially high cost of Cadillac Escalade insurance, insurance may be mandatory for several reasons.

First, the majority of states have mandatory insurance requirements which means state laws require a specific minimum amount of liability in order to drive the car legally. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.

Second, if your vehicle has a lienholder, it’s most likely the lender will make it a condition of the loan that you have physical damage coverage to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the bank may insure your Cadillac at a much higher premium rate and force you to pay for the much more expensive policy.

Third, insurance protects both your Cadillac Escalade and your personal assets. It also can pay for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance will also pay for a defense attorney if you are sued as the result of an accident. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.

The benefits of carrying adequate insurance are definitely more than the cost, specifically if you ever have a liability claim. Unknowingly, the average driver is overpaying over $750 every year so it’s very important to do a rate comparison at least once a year to make sure the price is not too high.

How Insurance Providers Calculate Cadillac Escalade Insurance Rates

Many factors are part of the equation when you get a price on insurance. A few of the factors are predictable such as your driving history, but other criteria are less obvious like where you live or how safe your car is. The best way to find cheaper auto insurance is to take a look at a few of the rating criteria that come into play when calculating auto insurance rates. If you understand what determines base rates, this allows you to make good choices that can help you get much lower annual insurance costs.

Expect high rates for teens – Drivers with little experience are statistically shown to be inattentive with other occupants in the car therefore auto insurance rates are much higher. Older, more experienced drivers are shown to be more cautious, cause fewer claims and accidents, and receive fewer citations.

The chart below uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.

Maintain auto insurance coverage – Having a lapse in insurance coverage is a fast way to drive up your policy premiums. Not only will you pay more, being ticketed for driving with no insurance may earn you fines or a revoked license.

Are you male or female? – Over the last 50 years, statistics have shown that women are safer drivers than men. However, this does not mean men are WORSE drivers than women. Males and females cause at-fault accidents in similar numbers, but the males get into accidents with more damage. Men also tend to get cited for more serious violations such as DWI and reckless driving.

The diagram below shows the difference between Cadillac Escalade yearly insurance costs for male and female drivers. The data is based on no claims or driving violations, full coverage, $500 deductibles, single status, and no discounts are factored in.

Extra policy coverages are wasting money – Insurance policies have a lot of extra add-on coverages that may not really be needed on your Escalade policy. Things like personal injury protection, towing, and extra life insurance coverage are examples of these. These may sound like a good investment when you first buy your policy, but your money might be better spent on other coverage so eliminate them to save money.

Loss statistics for a Cadillac Escalade – Insurance companies analyze claim trends for every vehicle when setting premium prices. Models that the data shows to have higher frequency or amount of claims will have a higher premium rate.

The table below illustrates the collected loss data for Cadillac Escalade vehicles. For each policy coverage type, the claim amount for all vehicles, without regard to make or model, is equal to 100. Values below 100 mean the vehicle has better than average losses, while numbers shown that are more than 100 indicate frequent claims or an increased chance of a larger loss.

Cadillac Escalade insurance discounts in Long Beach

Car insurance is not cheap, but you may find discounts that many consumers don’t even know exist. Most are applied when you complete an application, but once in a while a discount must be inquired about in order for you to get them.

• Discount for Home Ownership – Owning a home in Long Beach may trigger a policy discount on auto insurance because of the fact that having a home shows financial diligence.
• Auto/Home Discount – If you combine your auto and home policies and insure them with the same company you may save as much as 10 to 15 percent.
• Discount for New Cars – Insuring a vehicle that is new can save you some money due to better safety requirements for new model year vehicles.
• One Accident Forgiven – This one isn’t a discount, but a few companies such as GEICO, State Farm, and Progressive permit an accident before hitting you with a surcharge so long as you are claim-free for a certain period of time.
• Multi-line Discount – If the company offers life insurance, you could get a lower rate if you buy a life insurance policy as well.

Just know that some of the credits will not apply to the overall cost of the policy. Most only cut the cost of specific coverages such as liability and collision coverage. So even though it sounds like all the discounts add up to a free policy, companies don’t profit that way.

The diagram below compares Cadillac Escalade auto insurance rates with and without discounts applied to the rates. The price estimates are based on a male driver, no claims or driving citations, California 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-car, claim-free, marriage, homeowner, safe-driver, and multi-policy discounts applied.

Some of the larger companies that may offer quotes with most of these discounts possibly include:

• GEICO
• MetLife
• State Farm
• Progressive
• Mercury Insurance
• 21st Century
• Allstate

Before you buy a policy, ask every company to give you their best rates. Savings might not be offered on policies in Long Beach.

Insurance agent or online?

Many drivers prefer to get professional advice from a licensed agent and there is nothing wrong with that. Professional agents are trained risk managers and will help you if you have claims. A good thing about comparing insurance prices online is the fact that drivers can get cheap rate quotes and also buy local.

To help locate an agent, after submitting this form (opens in new window), your coverage information is immediately sent to local insurance agents in Long Beach who can give free rate quotes for your business. You never need to leave your computer since price quotes are sent to you instantly. In the event you want to get a rate quote from a specific auto insurance provider, just go to their quote page and complete a quote there.

Deciding on an insurance company needs to be determined by more than just the bottom line cost. These are some valid questions you should ask.

• Is the agency covered by Errors and Omissions coverage?
• Are claim adjusters local or do you have to take your car somewhere else?
• Is vehicle mileage a factor when determining depreciation for repairs?
• Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
• Do you work with a CSR or direct with the agent?
• Is there any savings for paying the full premium?

When researching local Long Beach agents, it helps to know the two different types of agents and how they work. Insurance agencies in Long Beach can be categorized as either exclusive agents or independent agents. Both can insure your vehicles properly, but it’s good to learn the difference in how they write coverage because it can impact the selection process.

Exclusive Agencies

Agents of this type work for only one company like State Farm or Allstate. These agents are unable to provide other company’s prices so they have no alternatives for high prices. Exclusive agencies are highly trained on what they offer which helps offset the inability to provide other markets.

Shown below is a short list of exclusive insurance agencies in Long Beach that are able to give rate quotes.

More Long Beach agents

Independent Auto Insurance Agents

Agents that choose to be independent are not employed by one company and that enables them to quote your coverage with a variety of different insurance companies depending on which coverage is best. If prices rise, your agent can switch companies and you can keep the same agent.

If you are comparing auto insurance prices, it’s recommended you get rate quotes from at least one independent agent to maximize your price options.

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

More Long Beach agents

After you get good responses to these questions and cheap Escalade insurance quotes, you may have just found an insurance agency that meets the requirements to insure your vehicles. Just remember you are able to cancel your coverage whenever you want so never assume you are locked into a policy for any length of time.

Ratings for California auto insurance companies

Insuring your vehicle with the highest-rated car insurance provider can be difficult considering how many choices you have in Long Beach. The company rank data in the lists below could help you decide which car insurance providers to look at when comparing rate quotes.

A little work can save a LOT of money

As you restructure your insurance plan, you should never buy lower coverage limits just to save a few bucks. There are a lot of situations where consumers will sacrifice liability coverage limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to find the BEST coverage at the best price but still have enough coverage for asset protection.

We just presented a lot of information how to find cheap Cadillac Escalade insurance in Long Beach. The key thing to remember is the more times you quote, the better likelihood of getting cheaper Long Beach car insurance quotes. Drivers may even discover the most savings is with the smaller companies. They often have lower premium rates on specific markets than their larger competitors like Progressive or GEICO.

Steps to finding the cheapest rates for Cadillac Escalade insurance in Long Beach

Truthfully, the best way to get affordable Cadillac Escalade insurance in Long Beach is to compare prices once a year from insurers in California. Price quotes can be compared by following these steps.

1. Try to comprehend what coverages are included in your policy and the steps you can take to keep rates in check. Many rating criteria that are responsible for high rates such as accidents, traffic violations, and poor credit rating can be eliminated by making minor changes in your lifestyle.
2. Request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from one company like Progressive or Farmers Insurance, while agents who are independent can provide rate quotes for a wide range of companies. Find a Long Beach insurance agent
3. Compare the new rate quotes to the premium of your current policy to see if you can save by switching companies. If you find a lower rate and buy the policy, make sure coverage is continuous and does not lapse.
4. Give notification to your agent or company of your intent to cancel your current auto insurance policy and submit the application along with any required down payment to your new agent or company. Be sure to put the new certificate verifying proof of insurance in an easily accessible location in your vehicle.

One thing to remember is to try to compare the same deductibles and limits on each price quote and and to get quotes from all possible companies. Doing this enables an apples-to-apples comparison and a complete price analysis.

Additional information is available below:

• Distracted Driving (Insurance Information Institute)
• Who Has Affordable Long Beach Car Insurance Quotes for Good Drivers? (FAQ)
• Who Has the Cheapest Auto Insurance Quotes for Low Mileage Drivers in Long Beach? (FAQ)
• Who Has Cheap Auto Insurance Quotes for Lyft Drivers in Long Beach? (FAQ)
• Speed and Speed Limit FAQ (iihs.org)
• Should I Buy a New or Used Car? (Allstate)