Affordable Rates for Cadillac Escalade EXT Insurance in Las Vegas

Unbelievably, the vast majority of insurance customers have stayed with the same insurance company for more than four years, and nearly 40% of drivers have never even compared rates from other companies. With the average insurance premium being $1,600, Nevada drivers could pocket up to $500 a year by just comparing rate quotes, but most tend to underestimate the large savings they would see if they just switched companies.

If you want to find the absolute lowest rates, then the best way to find cheaper auto insurance rates is to regularly compare prices from companies in Las Vegas. You can compare rates by following these guidelines.

1. Get a basic knowledge of what is in your policy and the things you can change to prevent expensive coverage. Many policy risk factors that drive up the price such as getting speeding tickets and a not-so-good credit history can be rectified by making minor changes to your lifestyle.
2. Compare prices from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from a single company like GEICO and Allstate, while independent agencies can provide prices for many different companies.
3. Compare the new rates to the premium of your current policy and determine if cheaper Escalade EXT coverage is available. If you find better rates and make a switch, make sure there is no coverage gap between policies.

A tip to remember is that you use identical coverages on every price quote and and to compare all possible companies. This provides a level playing field and a thorough price selection.

Lowering your insurance rates isn’t really that difficult. The only requirement is to take a couple of minutes comparing rate quotes to discover which company has the cheapest Cadillac Escalade EXT rate quotes.

Comparing free rate quotes online is easy and it, replaces the need to go to insurance agencies in your area. Buying insurance online can eliminate the need for a local agent unless you’re the type of person who wants the trained guidance of a local agent. Although you can price shop your coverage online but buy from a local insurance agent.

The companies in the list below are our best choices to provide free quotes in Las Vegas, NV. If you want cheap auto insurance in Nevada, we recommend you visit two to three different companies to get the most affordable price.

Why do I need car insurance?

Despite the high insurance cost for a Cadillac Escalade EXT in Las Vegas, insurance is required in Nevada but it also protects you in many ways.

• Most states have minimum liability requirements which means the state requires specific minimum amounts of liability protection in order to be legal. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you bought your Cadillac with a loan, most lenders will stipulate that you have comprehensive coverage to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the lender will be forced to insure your Cadillac at an extremely high rate and require you to pay much more than you were paying before.
• Insurance protects both your car and your personal assets. It will also cover hospital and medical expenses incurred in an accident. Liability coverage also pays for attorney fees and expenses if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of buying enough insurance greatly outweigh the cost, particularly if you ever have a claim. The average driver in America overpays more than $830 a year so you should quote and compare rates at every policy renewal to be sure current rates are still competitive.

Cadillac Escalade EXT insurance coverage information

The information shown next outlines different insurance prices for Cadillac Escalade EXT models. Understanding more about how policy rates are established can aid in making informed purchases.

Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Premium amounts do not factor in specific garaging location which can alter coverage prices noticeably.

Policy deductible comparison

One of the hardest decisions when shopping for insurance is how high should the deductibles for physical damage be. The comparison tables below can help you visualize the rate difference when you choose different coverage deductibles. The first rate quote example uses a $100 deductible and the second set of rates uses a $1,000 deductible.

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

Based on this data, using a $100 deductible costs approximately $46 more each month or $552 annually than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average at a minimum 20 months between claim filings, you would come out ahead if you choose a higher deductible.

One important note is that a higher deductible level results in a higher out-of-pocket expense when you have a claim. That will necessitate enough money put aside in the event you have to pay more for the deductible.

How accidents and violations affect rates

The diagram below shows how violations and at-fault accidents can affect Cadillac Escalade EXT annual premium costs for each age group. The price estimates are based on a married male driver, comp and collision included, $250 deductibles, and no discounts are applied to the premium.

Gender-based insurance rates

The example below illustrates the difference between Cadillac Escalade EXT insurance premiums for male and female drivers. The rate quotes are based on no claims, a clean driving record, comp and collision included, $100 deductibles, marital status is single, and no discounts are applied.

Cost of full coverage

The illustration below shows the difference between Cadillac Escalade EXT insurance premiums with and without physical damage coverage. The premiums assume no claims, a clean driving record, $250 deductibles, drivers are not married, and no other discounts are factored in.

Are you wasting money paying for full coverage?

There is no exact rule to drop comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.

For example, let’s say your Cadillac Escalade EXT book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after paying your deductible. If you are paying in excess of $700 a year for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

There are some situations where removing full coverage is not a good plan. If you haven’t paid off your loan, you are required to maintain full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should keep full coverage on your policy.

These five discounts can slash Cadillac Escalade EXT insurance rates

Buying car insurance is not cheap, but discounts can save money and there are some available that can drop the cost substantially. Larger premium reductions will be automatically applied when you complete an application, but a few must be asked for prior to receiving the credit.

• Las Vegas Homeowners Discount – Owning a house in Las Vegas can save you money since owning and maintaining a home shows financial diligence.
• Data Collection Discounts – Insureds who allow driving data submission to scrutinize their driving habits by installing a telematics device such as Drivewise from Allstate or Snapshot from Progressive might see lower rates if their driving habits are good.
• Drive Safe and Save – Drivers who don’t get into accidents may receive a discount up to 45% than drivers with accidents.
• Memberships – Participating in qualifying clubs or civic groups could earn you a nice discount on your next renewal.
• Multiple Cars – Buying coverage for several vehicles on one policy may reduce the rate for each vehicle.

Just know that some credits don’t apply to the entire policy premium. Most only apply to individual premiums such as collision or personal injury protection. So when the math indicates it’s possible to get free car insurance, car insurance companies aren’t that generous. But all discounts will help lower the amount you have to pay.

The diagram below shows the comparison of Cadillac Escalade EXT insurance prices with and without discounts applied to the rates. The prices are based on a male driver, no accidents, no driving violations, Nevada 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 homeowner, claim-free, multi-policy, marriage, multi-car, and safe-driver discounts applied.

To view car insurance companies that offer discounts in Las Vegas, click this link.

You are unique and your car insurance should be too

When buying a policy for your vehicles, there really isn’t a perfect coverage plan. Everyone’s needs are different.

Here are some questions about coverages that could help you determine whether your personal situation may require specific advice.

• What if a claim settlement is too low?
• Are combined or split liability limits better?
• Does medical payments coverage apply to all occupants?
• Does coverage extend to my business vehicle?
• Do I need to file an SR-22 for a DUI in Nevada?
• Is my teenager covered with friends in the car?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, simply complete this short form. It’s fast, doesn’t cost anything and you can get the answers you need.