Auto Insurance Quotes for a Cadillac Escalade in Lubbock

Really, the only way to get the cheapest Cadillac Escalade insurance is to compare prices at least once a year from insurance carriers in Lubbock. Rates can be compared by following these steps.

1. It will benefit you to learn about individual coverages and the things you can change to prevent expensive coverage. Many things that drive up the price like speeding tickets, accidents and poor credit can be controlled by paying attention to minor details.
2. Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from a single company like GEICO or Farmers Insurance, while agents who are independent can quote prices for a wide range of companies.
3. Compare the new rates to your current policy premium and determine if there is any savings. If you find better rates and buy the policy, ensure there is no coverage lapse between policies.
4. Tell your current agent or company of your intention to cancel the current policy and submit a signed application and payment for your new coverage. As soon as you receive it, place your new certificate verifying proof of insurance in your glove compartment.

One tip to remember is to compare the same amount of coverage on each quote and and to analyze as many companies as feasibly possible. This enables the most accurate price comparison and a better comparison of the market.

We don’t have to tell you that car insurance companies don’t want you to compare rates. People who shop around for cheaper rates are highly likely to switch insurance companies because they stand a good chance of finding discount prices. Surprisingly, a recent survey revealed that drivers who shopped around annually saved $3,500 over four years compared to drivers who never shopped around for lower prices.

If finding the cheapest price for Cadillac Escalade insurance in Lubbock is the reason for your visit, then having a grasp of how to find companies and compare insurance can save time, money, and frustration.

Our goal is to teach you how auto insurance companies operate and how to save the most money. If you have a policy now, you stand a good chance to be able to get lower rates using the concepts covered in this article. Vehicle owners just have to use the most time-saving way to get comparison quotes from many different companies online.

The quickest method we recommend to compare insurance rates from multiple companies is to realize most larger insurance companies provide online access to provide you with free rate quotes. To begin a comparison, all you need to do is take a few minutes to give details such as what you do for a living, how much coverage you want, if you have an active license, and if it has an anti-theft system. That rating data is automatically sent to all major companies and they respond with quotes with very little delay.

If you wish to get multiple quotes for your Cadillac Escalade now, click here and enter the information requested.

The companies in the list below have been selected to offer comparison quotes in Texas. If you want to find cheap auto insurance in Lubbock, it’s a good idea that you visit two to three different companies to get the best price comparison.

Coverage information

The price information shown next outlines a range of insurance prices for Cadillac Escalade models. Having a better idea how premiums are calculated can aid in making informed purchases.

Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Price information does not factor in garaging location in Lubbock which can influence price quotes noticeably.

Raise deductibles and save

One of the most common auto insurance questions is at what level do you set your deductibles. The comparison tables below show the difference in cost of buying low and high physical damage deductibles. The first rate table uses a $100 deductible for comprehensive and collision coverage and the second data table uses a $1,000 deductible.

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

Based on these figures, using a $100 deductible will cost you approximately $56 more each month or $672 each year than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at a minimum 16 months between claims, you would probably save some money by selecting a higher deductible. Here’s the way you can decide this on your own policy.

An important sidenote is that higher deductibles means you will have to cover more of the damage yourself if you have a claim. You need enough money in the bank in order to pay more for the deductible.

Cadillac Escalade liability-only versus full coverage

The illustration below illustrates the difference between Cadillac Escalade premium costs with full physical damage coverage and with liability coverage only. The premiums are based on no claims or driving violations, $500 deductibles, single marital status, and no policy discounts are applied.

Should you be buying full coverage?

There is no clear-cut rule for phasing out full coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your Cadillac Escalade book value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $2,000 after you pay the deductible. If it’s costing you more than $200 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

There are some conditions where only buying liability is not recommended. If you haven’t satisfied your loan, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not consider dropping full coverage.

Buying the right Cadillac Escalade insurance in Texas is an important decision

Even though it’s not necessarily cheap to insure a Cadillac in Lubbock, insurance is required in Texas but also provides important benefits.

First, almost all states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability coverage if you drive a vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you have a lien on your car, almost all lenders will stipulate that you have insurance to guarantee loan repayment. If you default on your policy, the lender may insure your Cadillac at an extremely high rate and make you pay the higher premium.

Third, car insurance preserves both your assets and your vehicle. It will also reimburse you for medical bills that are the result of an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will pay to repair the damage.

The benefits of having car insurance definitely exceed the price paid, especially if you ever need it. The average driver in Texas is overpaying over $865 each year so smart consumers compare quotes at every policy renewal to ensure rates are inline.

Save a ton by taking advantage of these eight discounts

Some insurers do not list every available discount very well, so we researched some of the more common and also the lesser-known discounts that you can inquire about if you buy Lubbock car insurance online.

• Data Collection Discounts – Insureds who allow driving data collection to study driving habits remotely such as In-Drive from State Farm or Allstate’s Drivewise system may see discounts if they show good driving skills.
• Discount for Swiching Early – Some companies provide a discount for switching policies prior to your current Escalade insurance policy expiration. This discount can save up to 10%.
• Military Deployment Discount – Having an actively deployed family member could qualify you for better prices.
• Include Life Insurance and Save – Some insurance carriers give a discount if you purchase life insurance.
• Drive Safe and Save – Drivers without accidents may save up to 50% more compared to accident prone drivers.
• College Student – Any of your kids who live away from home to go to college and do not have access to a covered vehicle may be insured at a cheaper rate.
• No Charge for an Accident – This one is not really a discount per se, but some insurance companies will allow you to have one accident before your rates go up if you are claim-free prior to being involved in the accident.
• Federal Government Employee – Active or retired federal employment could provide a small rate reduction with a few insurance companies.

One last thing about discounts, most credits do not apply to your bottom line cost. Most only reduce the cost of specific coverages such as comprehensive or collision. So even though you would think all those discounts means the company will pay you, it’s just not the way it works.

The chart below compares Cadillac Escalade auto insurance costs with and without discounts being applied to the rates. The data assumes a male driver, no violations or accidents, Texas 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 multi-car, claim-free, homeowner, safe-driver, multi-policy, and marriage discounts applied.

To find insurance companies with discount insurance rates in Texas, click here to view.

Insurance agent or online?

Many people just prefer to sit down and talk to an agent and that is just fine! Professional insurance agents can answer important questions and help file insurance claims. One of the benefits of price shopping on the web is you may find cheap car insurance quotes but also keep your business local. And buying from small agencies is still important in Lubbock.

Once you complete this quick form, your coverage information gets sent to participating agents in Lubbock that can give you free Lubbock car insurance quotes to get your business. There is no reason to contact any agents due to the fact that quote results will go directly to you. If you need to get a price quote from a specific company, you would need to jump over to their website to submit a rate quote request.

What types of auto insurance agents are in Lubbock?

When looking for a local Lubbock insurance agent, you should know the different agency structures that you can select. Car insurance policy providers are categorized either independent or exclusive depending on the company they work for. Both types can properly insure your vehicles, but it’s worth learning the subtle differences because it can factor into your selection of an agent.

Independent Agencies or Brokers

Agents that choose to be independent often have many company appointments so they have the ability to put coverage with multiple insurance companies and help determine which has the cheapest rates. If they find a cheaper price, the agent simply finds a different carrier and you don’t have to do anything.

When comparing car insurance prices, you will want to include price quotes from a couple of independent agencies to have the most options to choose from.

The following is a list of independent insurance agencies in Lubbock that may be able to give free rate quotes.

View more agents

Exclusive Car Insurance Agencies

These agents have only one company to place business with like State Farm, Allstate, or Farmers Insurance. Exclusive agents cannot shop your coverage around so they really need to provide good service. They are well schooled on sales techniques which helps them sell insurance even at higher premiums.

The following is a short list of exclusive insurance agencies in Lubbock that are able to give price quotes.

View more agents

Choosing the best auto insurance agent should include more criteria than just a cheap price quote. The answers to these questions are important, too.

• What company holds the largest book of business for them?
• Will the quote change when the policy is issued?
• Do they write coverage based solely on cost?
• Will you work with the agent or an assistant?
• Will they give you a referral list?

If you receive good feedback to any questions you have and affordable Cadillac Escalade insurance rates in Lubbock quotes, most likely you have located an insurance agency that is reputable and can properly service your car insurance policy.

Information about specific coverages

Knowing the specifics of auto insurance helps when choosing the best coverages for your vehicles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Below you’ll find typical coverage types found on most auto insurance policies.

Uninsured Motorist or Underinsured Motorist insurance

This coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as damage to your Cadillac Escalade.

Since many Texas drivers carry very low liability coverage limits (which is 30/60/25), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally these coverages do not exceed the liability coverage limits.

Comprehensive coverage (or Other than Collision)

This pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as damage from getting keyed, hitting a bird, a broken windshield and theft. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Auto collision coverage

This coverage will pay to fix damage to your Escalade resulting from a collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like rolling your car, hitting a parking meter, sustaining damage from a pot hole and crashing into a building. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Drivers also have the option to bump up the deductible on your Escalade in order to get cheaper collision rates.

Liability coverages

Liability insurance provides protection from damage or injury you incur to other’s property or people that is your fault. It protects you from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 30/60/25 that translate to a $30,000 limit per person for injuries, $60,000 for the entire accident, and property damage coverage for $25,000. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability insurance covers claims like legal defense fees, pain and suffering and structural damage. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford. Texas state minimum liability requirements are 30/60/25 but you should consider buying higher limits.

The next chart shows why the minimum limit may not be adequate coverage.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for bills like prosthetic devices, hospital visits, surgery and rehabilitation expenses. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Find affordable rates by comparing often

More affordable insurance in Lubbock can be found on the web and from local agencies, so you need to shop Lubbock car insurance with both so you have a total pricing picture. Some insurance companies may not offer rates over the internet and many times these regional carriers work with local independent agencies.

As you shop your coverage around, it’s not a good idea to sacrifice coverage to reduce premiums. There have been many cases where someone dropped liability coverage limits only to discover later that it was a big mistake. Your aim should be to purchase plenty of coverage at a price you can afford and still be able to protect your assets.

More information can be found on the following sites:

• Vehicle Insurance in the U.S. (Wikipedia)
• Who Has Affordable Auto Insurance for College Graduates in Lubbock? (FAQ)
• Who Has Affordable Lubbock Car Insurance Quotes for a Company Car? (FAQ)
• Who Has the Cheapest Car Insurance Rates for Drivers Over Age 50 in Lubbock? (FAQ)
• How Much is Lubbock Car Insurance for Young Drivers? (FAQ)
• Understanding Your Insurance Deductible (Insurance Information Institute)
• How Much Auto Coverage do I Need? (Insurance Information Institute)