Searching for cheaper insurance for your Cadillac Escalade EXT in Tennessee could be a lot of work, but you can learn these tips to save time. There are both good and bad ways to shop for car insurance so we’re going to tell you the absolute fastest way to quote coverages for a Cadillac and find the lowest possible price either online or from Memphis insurance agents.
If you have a current car insurance policy or are just looking to switch companies, use these cost-cutting techniques to cut your premiums without reducing coverage. Shopping around for the best-priced car insurance in Memphis is easy if you know what you’re doing. Shoppers just need to know the least time-consuming way to compare rates from many different companies online.
Lower rate quotes with these nine discounts
Auto insurance is neither fun to buy or cheap, but companies offer discounts to cut the cost considerably. Certain discounts will be triggered automatically at the time you complete a quote, but some may not be applied and must be manually applied prior to receiving the credit.
- Life Insurance Discount – Some insurance carriers give a discount if you purchase life insurance from them.
- Pay Early and Save – If paying your policy premium upfront rather than paying in monthly installments you could save 5% or more.
- Military Rewards – Having a family member in the military may qualify for rate reductions.
- Cautious Drivers – Drivers who don’t get into accidents could pay up to 40% less as compared to drivers with claims.
- Discounts for Multiple Vehicles – Having all your vehicles on one policy could earn a price break for each car.
- Federal Government Employee – Being employed by or retired from a federal job could provide a small rate reduction but check with your company.
- No Claims – Claim-free drivers pay much less as opposed to frequent claim filers.
- Waiver for an Accident – Not really a discount, but companies like State Farm and Allstate may permit one accident before raising your premiums if your claims history is clear prior to the accident.
- Low Mileage Discounts – Maintaining low annual mileage could be rewarded with slightly better rates than normal.
It’s important to note that most of the big mark downs will not be given to your bottom line cost. Some only reduce the price of certain insurance coverages like medical payments or collision. Even though the math looks like you would end up receiving a 100% discount, it doesn’t quite work that way.
The illustration below compares Cadillac Escalade EXT premium costs with and without some available policy discounts. The rate quotes are based on a male driver, no claims or driving violations, Tennessee state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, multi-car, safe-driver, claim-free, and marriage discounts applied.
Companies who may offer these money-saving discounts include:
When getting a coverage quote, ask each company or agent which discounts you qualify for. Depending on the company, some discounts may not apply in Memphis.
How to get free Cadillac Escalade EXT insurance quotes online
Cutting your Memphis car insurance rates is a great way to save money. Just take a few minutes to compare rates from online providers.
The companies shown below can provide price comparisons in Memphis, TN. If you wish to find the best cheap car insurance in Memphis, we recommend you get prices from several of them to get the best price comparison.
Cadillac Escalade EXT insurance rate analysis
The coverage table below outlines detailed analysis of insurance rates for Cadillac Escalade EXT models. Having knowledge of how car insurance premiums are calculated can help drivers make smart choices when purchasing an auto insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escalade EXT 4WD | $324 | $710 | $326 | $20 | $98 | $1,478 | $123 |
| Escalade EXT Luxury Edition 4WD | $324 | $710 | $326 | $20 | $98 | $1,478 | $123 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Rate quotes do not factor in vehicle location which can modify price quotes significantly.
An analysis of deductible level
One frequently asked question is where to set your physical damage deductibles. The figures shown below can help show the costs and benefits when you buy lower versus higher deductibles. The first data set uses a $250 deductible for comp and collision and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escalade EXT 4WD | $338 | $578 | $288 | $18 | $86 | $1,333 | $111 |
| Escalade EXT Luxury Edition 4WD | $338 | $578 | $288 | $18 | $86 | $1,333 | $111 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escalade EXT 4WD | $274 | $466 | $288 | $18 | $86 | $1,132 | $94 |
| Escalade EXT Luxury Edition 4WD | $274 | $466 | $288 | $18 | $86 | $1,132 | $94 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Price estimates do not factor in garaging location in Memphis which can impact premiums significantly.
Using the premium rates above, we can conclude that using a $250 deductible will cost in the ballpark of $17 more each month or $204 every year than requesting the higher $500 deductible. Since you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you go at least 15 months between claims, you would save more money if you elect the higher deductible.
Impact of citations and accidents on Memphis insurance rates
The example below demonstrates how traffic citations and accidents can increase Cadillac Escalade EXT insurance costs for different insured age categories. The premiums assume a single female driver, full coverage, $250 deductibles, and no discounts are applied.
Auto insurance cost for men versus women in Memphis
The illustration below compares Cadillac Escalade EXT insurance premiums for male and female drivers. The premium estimates are based on no claims or driving citations, comp and collision included, $500 deductibles, drivers are single, and no discounts are factored in.
What is the best insurance coverage?
When quoting and comparing coverage online or from an agent, there really is not a perfect coverage plan. Every insured’s situation is different so this has to be addressed.
These are some specific questions may help highlight whether or not you will benefit from professional help.
- Do I have coverage when pulling a U-Haul trailer?
- I have a DUI can I still get coverage?
- Do I have newly-acquired coverage?
- Am I covered if I have no license?
- Are there companies who specialize in insuring high-risk drivers?
- Does every company file a SR-22 automatically?
- Is a blown tire covered by insurance?
- I have good health insurance, so how much medical payments coverage do I need?
- How can I get high-risk coverage after a DUI?
- What is medical payments coverage?
If you can’t answer these questions, you might consider talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and can help protect your family.
When to get advice from an agent
Certain consumers still prefer to talk to an insurance agent and that is recommended in a lot of cases Professional agents can make sure you are properly covered and help in the event of a claim. An additional benefit of getting free rate quotes online is you can get cheap auto insurance rates but also keep your business local.
After completing this simple form, the coverage information is sent to agents in your area who will gladly provide quotes and help you find cheaper coverage. It makes it easy because there is no need to contact any agents since price quotes are sent to you directly. If you need to get a rate quote from a specific insurance company, just navigate to their website and complete a quote there.
Choosing the best company needs to be determined by more than just a cheap price quote. You should also get answers to these questions.
- If they are an independent agency in Memphis, which companies do they recommend?
- Where would glass claims be handled in Memphis?
- Do they have designations such as AIC, CPCU, or CIC?
- Do they reduce claim amounts on high mileage vehicles?
- Will the agent or a CSR service your policy?
- Can you contact them at any time?
- Did they already check your driving record and credit reports?
Independent or Exclusive: It’s your choice
If you are searching for a local Memphis insurance agent, it can be helpful to understand the types of insurance agents and how they are distinctly different. Auto insurance agents in Memphis can be described as either exclusive or independent agents depending on their company appointments. Both sell auto insurance policies, but it’s good to learn the difference in how they write coverage because it can influence your selection of an agent.
Exclusive Auto Insurance Agencies
These agents normally can only provide a single company’s rates and examples are AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot compare rates from other companies so it’s a take it or leave it situation. These agents receive extensive training on what they offer which can be an advantage. Some people will only buy insurance from these agents mostly because of the brand name and solid financial strength.
The following are Memphis exclusive agents that can give you price quote information.
- Zach Jaworski – State Farm Insurance Agent
6060 Primacy Pkwy #221 – Memphis, TN 38119 – (901) 794-3691 – View Map - Sylvia Walker – State Farm Insurance Agent
2900 Kirby Pkwy Ste 2 – Memphis, TN 38119 – (901) 794-8848 – View Map - Heath Johnson – State Farm Insurance Agent
2657 Appling Rd #101 – Memphis, TN 38133 – (901) 372-2228 – View Map
Independent Auto Insurance Agents
Agents that elect to be independent do not sell for just one brand and that allows them to write policies through many companies and find the cheapest auto insurance rates. To move your coverage to a new company, they can switch companies in-house and the insured can keep the same agent.
When comparing auto insurance rates, you need to compare quotes from several independent insurance agents in order to compare the most rates. A lot of them also have access to mutual insurance companies that may have much lower rates than larger companies.
The following are Memphis independent agencies that are able to give price quotes.
- Bill Blake Auto Insurance
5724 Mt Moriah Rd – Memphis, TN 38115 – (901) 432-5551 – View Map - Boyle Insurance Agency, Inc.
5900 Poplar Ave – Memphis, TN 38119 – (901) 766-0200 – View Map - Clay and Land Insurance, Inc.
866 Ridgeway Loop Rd #200 – Memphis, TN 38120 – (901) 767-3600 – View Map
Coverages available on your policy
Learning about specific coverages of car insurance can be of help when determining the best coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages found on the average car insurance policy.
Protection from uninsured/underinsured drivers
Your UM/UIM coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Cadillac Escalade EXT.
Since many Tennessee drivers have only the minimum liability required by law (which is 25/50/15), their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.
Comprehensive (Other than Collision)
This coverage covers damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for claims such as fire damage, vandalism and rock chips in glass. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.
Coverage for liability
Liability coverage can cover injuries or damage you cause to people or other property that is your fault. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 25/50/15 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and property damage coverage for $15,000.
Liability can pay for things like emergency aid, medical expenses, court costs, repair bills for other people’s vehicles and medical services. How much coverage you buy is a decision to put some thought into, but you should buy as large an amount as possible. Tennessee state minimum liability requirements are 25/50/15 but you should consider buying higher limits.
The next chart demonstrates why the minimum limit may not be adequate.
Medical expense insurance
Med pay and PIP coverage kick in for bills like dental work, hospital visits, EMT expenses, funeral costs and pain medications. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers you and your occupants and will also cover any family member struck as a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay
Coverage for collisions
Collision insurance pays for damage to your Escalade EXT caused by collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims like colliding with another moving vehicle, rolling your car, scraping a guard rail and sideswiping another vehicle. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. You can also choose a higher deductible on your Escalade EXT to bring the cost down.
More quotes mean more auto insurance savings
We covered a lot of ways to get a better price on Cadillac Escalade EXT insurance in Memphis. It’s most important to understand that the more price quotes you have, the better your comparison will be. Consumers could even find that the best premium rates are with a smaller regional carrier. Smaller companies can often provide lower prices in certain areas compared to the large companies like Progressive and GEICO.
More affordable auto insurance in Memphis can be sourced on the web in addition to local insurance agencies, and you should be comparing both in order to have the best chance of saving money. A few companies may not provide rate quotes online and these small insurance companies only sell through independent agents.
Steps to finding lower priced Cadillac Escalade EXT insurance in Memphis
It takes a little time, but the best way to find lower priced car insurance rates in Memphis is to start doing a yearly price comparison from different companies in Tennessee.
Step 1: Try to understand how companies price auto insurance and the things you can control to lower rates. Many things that increase rates such as high-risk driving behaviors and a bad credit rating can be amended by paying attention to minor details.
Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from one company like Progressive and State Farm, while agents who are independent can quote rates for a wide range of insurance providers.
Step 3: Compare the new rate quotes to your current policy premium to see if cheaper Escalade EXT coverage is available. If you find a lower rate and buy the policy, make sure there is no lapse in coverage.
One key aspect of rate comparisons is that you’ll want to make sure you compare the same deductibles and limits on every price quote and and to compare as many companies as possible. Doing this ensures an accurate price comparison and a complete price analysis.
More tips and info about auto insurance is located at these sites:
- Teen Driving Statistics (GEICO)
- Who Has the Cheapest Car Insurance Rates for a Hyundai Santa Fe in Memphis? (FAQ)
- Who Has Affordable Auto Insurance Quotes for High Mileage Drivers in Memphis? (FAQ)
- Who Has Cheap Memphis Auto Insurance for Homeowners? (FAQ)
- How Much are Memphis Car Insurance Quotes for 16 Year Olds? (FAQ)
- Who Has Cheap Memphis Auto Insurance Rates for a Ford Focus? (FAQ)
- Reducing Your Risks in a Car Crash Video (iihs.org)
- What Does No-Fault Insurance Cover? (Allstate)