Cadillac Escalade Insurance Quotes in Buffalo

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Insurance for Cadillac EscaladeIt takes a few minutes, but the best way to find cheaper quotes for Cadillac Escalade insurance is to do an annual price comparison from insurance carriers who provide car insurance in Buffalo.

Step 1: Gain an understanding of coverages and the things you can change to keep rates down. Many rating factors that are responsible for high rates like multiple speeding tickets and an imperfect credit rating can be controlled by paying attention to minor details. This article provides additional tips to help keep prices low and find more discounts that you may not know about.

Step 2: Request price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO or Allstate, while independent agents can provide prices for a wide range of insurance providers.

Step 3: Compare the new rate quotes to the premium of your current policy to determine if switching companies saves money. If you find a better price and buy the policy, ensure there is no coverage lapse between policies.

Step 4: Give notification to your current company to cancel your current policy and submit payment and a signed application to the newly selected company. As soon as coverage is bound, place your new proof of insurance paperwork in a readily accessible location in your vehicle.

The key thing to remember is that you use identical deductibles and limits on each price quote and and to analyze every insurance company. This provides an apples-to-apples comparison and a complete selection of prices.

It's hard to believe, but the vast majority of drivers renewed their policy with the same company for a minimum of four years, and 38% of drivers have never compared auto insurance rates at all. Buffalo drivers can save roughly $800 each year just by shopping around, but most undervalue the amount of savings they would get if they moved their coverage to a different company.

Cutting your Buffalo insurance rates is actually quite simple. All you need to do is spend a little time to get quotes from some recommended companies.

The providers in the list below are ready to provide comparison quotes in Buffalo, NY. If you want cheaper car insurance in Buffalo, NY, we suggest you click on several of them to get a more complete price comparison.

Insurance rate breakdown

The coverage information below highlights different insurance prices for Cadillac Escalade models. Learning a little about how insurance policy rates are determined can benefit drivers when making smart choices when comparing insurance quotes.

Cadillac Escalade Insurance Rates in Buffalo, NY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escalade 2WD $210 $346 $340 $20 $102 $1,018 $85
Escalade Luxury Edition 2WD $210 $346 $340 $20 $102 $1,018 $85
Escalade 4WD $210 $346 $340 $20 $102 $1,018 $85
Escalade Premium Edition 4WD $230 $346 $340 $20 $102 $1,038 $87
Escalade Luxury Edition 4WD $230 $346 $340 $20 $102 $1,038 $87
Escalade Premium Edition 2WD $230 $346 $340 $20 $102 $1,038 $87
Escalade Hybrid 2WD $230 $438 $308 $18 $92 $1,086 $91
Escalade Hybrid 4WD $230 $438 $308 $18 $92 $1,086 $91
Escalade Platinum Edition 2WD $230 $392 $340 $20 $102 $1,084 $90
Escalade Platinum Edition 4WD $230 $392 $340 $20 $102 $1,084 $90
Escalade Hybrid Platinum 2WD $248 $484 $308 $18 $92 $1,150 $96
Escalade Hybrid Platinum 4WD $248 $484 $308 $18 $92 $1,150 $96
Get Your Own Custom Quote Go

Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New York minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Rate quotes do not factor in zip code location which can influence price quotes greatly.

Comparison of policy deductibles

When comparing insurance rates, the most common question is which deductible level should you buy. The following insurance rates approximate the price difference of buying low and high policy deductibles. The first data table uses a $100 deductible for physical damage and the second set of prices uses a $500 deductible.

Cadillac Escalade insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escalade 2WD $316 $558 $330 $20 $100 $1,349 $112
Escalade Luxury Edition 2WD $316 $558 $330 $20 $100 $1,349 $112
Escalade 4WD $316 $558 $330 $20 $100 $1,349 $112
Escalade Premium Edition 4WD $346 $558 $330 $20 $100 $1,379 $115
Escalade Luxury Edition 4WD $346 $558 $330 $20 $100 $1,379 $115
Escalade Premium Edition 2WD $346 $558 $330 $20 $100 $1,379 $115
Escalade Hybrid 2WD $346 $704 $300 $18 $90 $1,483 $124
Escalade Hybrid 4WD $346 $704 $300 $18 $90 $1,483 $124
Escalade Platinum Edition 2WD $346 $632 $330 $20 $100 $1,453 $121
Escalade Platinum Edition 4WD $346 $632 $330 $20 $100 $1,453 $121
Escalade Hybrid Platinum 2WD $374 $778 $300 $18 $90 $1,585 $132
Escalade Hybrid Platinum 4WD $374 $778 $300 $18 $90 $1,585 $132
Get Your Own Custom Quote Go
Cadillac Escalade insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escalade 2WD $230 $378 $330 $20 $100 $1,058 $88
Escalade Luxury Edition 2WD $230 $378 $330 $20 $100 $1,058 $88
Escalade 4WD $230 $378 $330 $20 $100 $1,058 $88
Escalade Premium Edition 4WD $252 $378 $330 $20 $100 $1,080 $90
Escalade Luxury Edition 4WD $252 $378 $330 $20 $100 $1,080 $90
Escalade Premium Edition 2WD $252 $378 $330 $20 $100 $1,080 $90
Escalade Hybrid 2WD $252 $476 $300 $18 $90 $1,136 $95
Escalade Hybrid 4WD $252 $476 $300 $18 $90 $1,136 $95
Escalade Platinum Edition 2WD $252 $426 $330 $20 $100 $1,128 $94
Escalade Platinum Edition 4WD $252 $426 $330 $20 $100 $1,128 $94
Escalade Hybrid Platinum 2WD $274 $526 $300 $18 $90 $1,208 $101
Escalade Hybrid Platinum 4WD $274 $526 $300 $18 $90 $1,208 $101
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and New York minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Price estimates do not factor in specific zip code location which can influence rates significantly.

Based on the above data, using a $100 deductible will cost you roughly $27 more each month or $324 for a full year than choosing the higher $500 deductible. Because you would be required to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you normally average at least 15 months between claims, you would probably save some money by going with a higher deductible. The illustration below shows a better example of how this decision is made.

Average monthly premium for $100 deductibles: $120
Average monthly premium for $500 deductibles (subtract): - $93
Monthly savings from raising deductible: $27
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One thing to be aware of is that raising deductibles results in more money out-of-pocket when you have a claim. You must have some extra savings in the event you have to pay more to get your vehicle repaired.

The chart below illustrates how your deductible choice and can change Cadillac Escalade insurance prices for different categories of driver ages. The prices are based on a married female driver, full physical damage coverage, and no policy discounts are applied.

Illustration showing the impact of accidents and violations

The illustration below shows how violations and accidents can drive up Cadillac Escalade premium costs for different age categories. The rate quotes are based on a married female driver, comp and collision included, $250 deductibles, and no other discounts are factored in.

Cost comparison with and without full coverage

The diagram below shows the comparison of Cadillac Escalade annual premium costs with full coverage and liability only. The rate quotes are based on no violations or claims, $1,000 deductibles, drivers are single, and no discounts are applied.

Are you wasting money paying for full coverage?

There isn't a written rule of when to exclude physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is more than around 10% of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let's say your Cadillac Escalade claim settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $4,000 after paying your deductible. If you are paying over $400 a year for full coverage, then it may be the right time to buy liability only.

There are some situations where eliminating full coverage is not in your best interest. If you haven't paid off your loan, you have to keep full coverage as part of the loan conditions. Also, if you can't afford to buy a different vehicle if your current one is damaged, you should not drop full coverage.

Learn How to Get Insurance Cheaper

Lots of things are considered when you get your auto insurance bill. Some are obvious such as your driving record, but others are not as apparent such as whether you are married or how financially stable you are. Consumers need to have an understanding of a few of the rating criteria that help determine insurance rates. If you understand what positively or negatively impacts your premiums, this allows you to make educated decisions that can earn you cheaper rates.

Shown below are some of the items insurance companies consider when setting your rates.

  • Liability protection is peace of mind - Your policy's liability coverage is the coverage that protects you if you are responsible for physical damage or personal injury to other. It provides legal defense coverage which can be incredibly expensive. Liability is cheap compared to insuring for physical damage coverage, so drivers should buy more than the minimum limits required by law.
  • Continuous coverage saves money - Not having insurance is a misdemeanor and companies may charge more for letting your insurance lapse. Not only will you pay more, the inability to provide proof of insurance could result in a steep fine or even jail time.
  • Infrequent drivers can save - The more you drive each year the higher the price you pay to insure it. Many insurance companies charge rates partially by how you use the vehicle. Cars and trucks that have low annual miles cost less to insure as compared to vehicles used primarily for driving to work. It's always a good idea to double check that your declarations sheet is rated on the correct usage for each vehicle. An improperly rated Escalade may be wasting your money.
  • Premiums are affected by your credit rating - Credit score is a large factor in determining what you pay. Insureds that have excellent credit scores tend to file fewer claims than drivers with lower ratings. Therefore, if your credit score is low, you could be paying less to insure your Cadillac Escalade by taking the time to improve your credit score.
  • Cadillac Escalade statistical loss data - Auto insurance companies analyze past claim statistics to help determine rates. Models that historically have higher claim amounts or frequency will cost more for specific coverages. The next table shows the collected loss data for Cadillac Escalade vehicles.

    For each type of coverage, the statistical loss for all vehicles, regardless of make or model, is equal to 100. Percentages below 100 indicate a favorable loss history, while values over 100 point to more claims or tendency to have larger claims.

    Cadillac Escalade Insurance Loss Statistics
    Vehicle 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
    BETTER
    AVERAGE
    WORSE

    Empty fields indicate not enough data collected
    Statistics from IIHS.org for 2013-2015 Model Years

Three main reasons to buy auto insurance

Even though Buffalo Escalade insurance rates can get expensive, insuring your vehicle is a good idea for several reasons.

  • The majority of states have minimum liability requirements which means you are required to carry a specific minimum amount of liability coverage if you drive a vehicle. In New York these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If you have a lien on your vehicle, most lenders will require that you have full coverage to ensure they get paid if you total the vehicle. If the policy lapses, the lender may have to buy a policy to insure your Cadillac at a much higher premium rate and require you to reimburse them for the much more expensive policy.
  • Auto insurance preserves both your assets and your Cadillac. It will also provide coverage for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, will also pay to defend you if you are named as a defendant in an auto accident. If your Cadillac gets damaged, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.

The benefits of insuring your Escalade definitely exceed the cost, especially when you need to use it. In a recent study of 1,000 drivers, the average customer overpays more than $750 every year so compare rates at least once a year to ensure rates are inline.