Compare Cadillac Escalade Insurance Rates in New Orleans

The best way we recommend to get cheaper car insurance rates is to start comparing rates regularly from providers who sell auto insurance in New Orleans.

• First, spend a few minutes and learn about how companies set rates and the things you can control to keep rates low. Many rating factors that drive up the price such as speeding and a poor credit score can be controlled by making minor changes to your lifestyle.
• Second, quote rates from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like Progressive and State Farm, while independent agents can provide prices from many different companies. Get quotes now
• Third, compare the price quotes to your existing policy and see if you can save money. If you find better rates and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.
• Fourth, provide written notification to your current company of your decision to cancel your current policy and submit a completed application and payment for your new coverage. Make sure you place the new certificate of insurance in your glove compartment.

A good piece of advice is that you’ll want to make sure you compare identical coverage information on every quote request and and to get price estimates from as many different insurance providers as possible. This guarantees a level playing field and a thorough selection of prices.

It’s safe to conclude that car insurance companies want to keep your business as long as possible. Insureds who compare rates once a year will most likely switch companies because there are good odds of finding coverage at a cheaper rate. A recent study showed that drivers who make a habit of shopping around saved an average of $865 annually compared to those who don’t regularly compare prices.

If finding low prices for Cadillac Escalade insurance in New Orleans is why you’re reading this, then knowing how to find companies and compare coverages can help you be more efficient.

Most of the larger companies like State Farm, GEICO and Progressive allow consumers to get prices for coverage from their websites. This process is pretty painless because it’s just a matter of typing in your required coverages on the page. When complete, their quoting system automatically orders your driving record and credit report and generates a price based on these factors. Quoting online for Cadillac Escalade insurance in New Orleans helps simplify price comparisons, and it is imperative to have as many quotes as possible if you are searching for the best insurance rates.

To save time and use this form to compare rates, compare quotes from the companies shown below. If you currently have coverage, we recommend you duplicate the coverages exactly as they are listed on your policy. Doing this guarantees you will receive comparison quotes using the same coverage and limits.

The auto insurance companies shown below can provide comparison quotes in New Orleans, LA. If you want cheap auto insurance in New Orleans, we recommend you get prices from several of them to find the lowest auto insurance rates.

Insuring your Escalade just makes sense

Despite the potentially high cost of Cadillac Escalade insurance, maintaining insurance may be required and benefits you in several ways.

• Almost all states have mandatory insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability insurance in order to get the vehicle licensed. In Louisiana these limits are 15/30/25 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you took out a loan on your Cadillac, almost every bank will require you to carry insurance to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Cadillac for a much higher rate and require you to pay the higher premium.
• Insurance protects both your car and your assets. It will also provide coverage for most medical and hospital costs for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, will also pay to defend you if you are named as a defendant in an auto accident. If your vehicle suffers damage from an accident or hail, your car insurance policy will cover the damage repairs after a deductible is paid.

The benefits of buying enough insurance greatly outweigh the cost, especially when you need to use it. According to a recent study, the average American driver is overpaying more than $825 a year so you should quote rates at every renewal to help ensure money is not being wasted.

Detailed insurance information

The price information displayed below showcases a range of insurance policy prices for Cadillac Escalade models. Understanding more about how insurance policy premiums are established can help customers make smart choices when selecting a policy.

Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Rate information does not factor in your specific New Orleans location which can influence premium rates substantially.

Policy deductible comparison

The hardest decision when buying coverage is at what level do you set your deductibles. The premium rates below lay out the difference in cost when you select higher and lower physical damage deductibles. The first price estimate table uses a $250 deductible for physical damage and the second price grid uses a $500 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Table data does not factor in your specific New Orleans location which can lower or raise coverage rates greatly.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you roughly $25 more each month or $300 annually than choosing the higher $500 deductible. Due to the fact that you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at a minimum 10 months between claims, you would probably be better off if you elect the higher deductible.

Full coverage versus liability-only in New Orleans

The example below visualizes the comparison of Cadillac Escalade premium costs when comparing full coverage to state minimum liability only. The information is based on no tickets, no at-fault accidents, $250 deductibles, drivers are not married, and no discounts are applied.

When to drop comp and collision

There is no definitive rule to stop buying full coverage, but there is a general convention. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let’s pretend your Cadillac Escalade replacement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $2,000 after the policy deductible has been paid. If it’s costing in excess of $200 a year for full coverage, then you might want to think about dropping full coverage.

There are a few cases where dropping full coverage is not in your best interest. If you still owe a portion of the original loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should maintain full coverage.

Car insurance policy discounts you can’t miss

The cost of insuring your cars can be expensive, but you might already qualify for some discounts that you may not even be aware of. Most are applied when you complete an application, but some need to be requested specifically in order for you to get them.

• Early Payment Discounts – If you pay your bill all at once instead of paying each month you can actually save on your bill.
• Bundled Policy Discount – If you combine your auto and home policies with one company you could earn a discount of nearly 15% which can help you find inexpensive Cadillac Escalade insurance in New Orleans.
• Multi-Vehicle Discounts – Buying coverage for multiple cars or trucks on one policy may reduce the rate for each vehicle.
• Smart Student Discounts – Being a good student can earn a discount of 20% or more. The discount lasts up until you turn 25.
• Professional Organizations – Being in a civic or occupational organization in New Orleans could earn you a nice discount on your next renewal.
• Seat Belts Save more than Lives – Requiring all passengers to fasten their seat belts may be able to save a few bucks on medical payment and PIP coverage.

As a footnote on discounts, most of the big mark downs will not be given to the entire cost. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though it sounds like having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.

The illustration below illustrates the comparison of Cadillac Escalade insurance costs with and without discounts applied to the rates. Data assumes a female driver, no driving violations, no at-fault accidents, Louisiana state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, claim-free, multi-policy, safe-driver, and multi-car discounts applied.

A list of companies and their possible discounts are shown below.

• State Farm may have discounts that include student away at school, anti-theft, accident-free, Steer Clear safe driver discount, good student, and multiple policy.
• GEICO has savings for military active duty, seat belt use, federal employee, multi-vehicle, air bags, defensive driver, and good student.
• Allstate discounts include good payer, defensive driver, eSmart discount, anti-lock brakes, and teenSMART discount.
• SAFECO has discounts for accident prevention training, homeowner, anti-lock brakes, safe driver, drive less, teen safe driver, and multi-car.
• Farm Bureau offers discounts including safe driver, multi-vehicle, driver training, youthful driver, good student, and renewal discount.
• Progressive offers premium reductions for good student, multi-vehicle, homeowner, online signing, and multi-policy.
• AAA may offer discounts for multi-car, education and occupation, good student, pay-in-full, good driver, multi-policy, and anti-theft.

If you need low cost New Orleans car insurance quotes, ask all companies you are considering which discounts you qualify for. Some discounts may not be offered in New Orleans. For a list of providers that provide some of the discounts listed above in Louisiana, follow this link.

Auto insurance company ratings

Selecting a highly-rated car insurance provider is difficult considering how many different companies sell coverage in Louisiana. The ranking information below can help you choose which coverage providers you want to consider when looking for cheaper rates.