Cadillac Escalade Insurance Quotes in Anchorage

Overpriced Cadillac Escalade insurance in Anchorage can eat up your savings and make it impossible to make ends meet.

Inconceivable but true, a large majority of drivers kept buying from the same company for well over three years, and nearly 40% of drivers have never compared quotes from other companies. Alaska consumers could cut their rates by approximately 35% a year just by shopping around, but most just don’t grasp how much money they would save if they swap their current policy for a cheaper one. You have multiple insurance companies to buy insurance from, and although it’s nice to be able to choose, more choices can make it harder to find the lowest rates for Cadillac Escalade insurance in Anchorage.

Finding the cheapest car insurance coverage in Anchorage is not rocket science. If you are already insured or want to find a cheaper company, use these tips to buy cheaper car insurance while maximizing coverage. Shoppers just have to know the most time-saving way to compare rate quotes online.

Best companies for Cadillac Escalade insurance

The following companies can provide quotes in Anchorage, AK. To locate cheap car insurance in Alaska, we recommend you get prices from several of them in order to get a fair rate comparison.

Auto insurance statistics for a Cadillac Escalade

The price information shown below covers different rate quotes for Cadillac Escalade models. Having knowledge of how insurance policy premiums are formulated can assist in making smart choices when comparing insurance quotes.

Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Price estimates do not factor in specific location which can lower or raise premium rates substantially.

Where to set your deductibles

When buying auto insurance, a common question is how high should the physical damage coverage deductibles be. The rates shown below may aid in understanding the differences in price when you select higher and lower policy deductibles. The first rate quote example uses a $250 deductible for physical damage and the second pricing table uses a $1,000 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Price estimates do not factor in specific location information which can modify prices considerably.

We can estimate from the data above that using a $250 deductible costs an average of $29 more each month or $348 annually across all Cadillac Escalade models than opting for the higher $1,000 deductible. Since you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at a minimum 26 months between claim filings, you would probably be better off by selecting a higher deductible.

Difference between liability only and full coverage rates

The diagram below compares Cadillac Escalade insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Alaska. The price estimates are based on no claims or driving violations, $500 deductibles, single marital status, and no discounts are applied to the premium.

Are you wasting money paying for full coverage?

There is no exact rule to eliminate comp and collision coverage, but there is a general guideline. 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 settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $2,000 after the deductible is paid. If you are paying more than $200 annually for full coverage, then you might want to think about dropping full coverage.

There are some conditions where buying only liability insurance is not financially feasible. If you still owe money on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not buy liability only.

Affordable rates with discounts

Companies offering auto insurance don’t necessarily list every available discount in an easy-to-find place, so the following list contains both the well known and also the more inconspicuous ways to save on insurance.

• Auto/Life Discount – Larger companies have a discounted premium rate on car insurance if you buy a life insurance policy as well.
• Telematics Discount – Insureds that choose to allow their company to scrutinize when and where they use their vehicle by using a telematics device like Drivewise from Allstate or In-Drive from State Farm may see discounts if they are good drivers.
• Distant Student – College-age children who live away from home to go to college and won’t have access to an insured vehicle can receive lower rates.
• Claim-Free Discount – Drivers with accident-free driving histories are rewarded with significantly better rates on Anchorage car insurance quote in comparison with accident-prone drivers.
• Driver Safety – Taking a class that teaches safe driver techniques could possibly earn you a 5% discount if your company offers it.
• Anti-lock Brake Discount – Cars and trucks with ABS braking systems or traction control can avoid accidents and therefore earn up to a 10% discount.

It’s important to note that some credits don’t apply to your bottom line cost. Most cut specific coverage prices like liability and collision coverage. So even though they make it sound like it’s possible to get free car insurance, it’s just not the way it works.

The chart below illustrates the difference between Cadillac Escalade insurance costs with and without discounts applied to the policy premium. The data assumes a female driver, a clean driving record, no at-fault accidents, Alaska state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, safe-driver, multi-policy, claim-free, and multi-car discounts applied.

If you would like to choose from a list of providers who offer discounts in Anchorage, follow this link.

Why Smart Consumers Pay Less for Cadillac Escalade Insurance

It’s important that you understand some of the things that come into play when calculating the rates you pay for auto insurance. If you have some idea of what controls the rates you pay, this allows you to make educated decisions that can earn you cheaper rates.

Consider raising deductibles – Your deductibles define how much the insured will be required to pay if the claim is covered. Protection for physical damage, otherwise known as comp (or other than collision) and collision, protects your car from damage. Some coverage claims are collision with another vehicle, damage caused by hail, or theft of your vehicle. The more money you are required to pay out-of-pocket, the less money you will pay for auto insurance.

High performance vehicles cost more to insure – The make and model of the vehicle you need to insure makes a huge difference in the rate you pay. Lower performance four cylinder passenger models usually have the lowest premiums, but there are many factors that impact the final cost.

The following chart uses these assumptions: single female driver age 50, full coverage with $1000 deductibles, and no discounts or violations. The data compares Cadillac Escalade policy rates compared to other models of vehicles that have different risk factors.

Prevent your car from being stolen – Owning a car that has a built-in theft deterrent system can help lower your premiums. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart auto theft.

Don’t cancel your auto insurance without a new one in place – Driving without insurance is not a good idea and any future policy may cost more because you let your insurance lapse. In addition to paying higher rates, getting caught without coverage might get you a steep fine or even jail time. You could then be forced to provide proof of insurance in the form of an SR-22 filing with the Alaska department of motor vehicles.

Cadillac Escalade insurance loss statistics – Insurers factor in historical loss data to help determine the rate you pay. Vehicles that are shown to have higher prevalence or dollar amount of losses will cost more for specific coverages.

The next table illustrates the historical insurance loss data for Cadillac Escalade vehicles. For each policy coverage type, the claim amount for all vehicles compiled together is equal to 100. Values that are under 100 imply a favorable loss record, while values over 100 point to more claims or a tendency for claims to be larger.

What if I want to buy from local Anchorage auto insurance agents?

Certain consumers just prefer to go talk to an agent and we recommend doing that Good agents are trained risk managers and help submit paperwork. The best thing about comparing insurance prices online is that you can obtain cheap car insurance rates and still have a local agent.

Once you complete this quick form, your insurance coverage information is immediately sent to participating agents in Anchorage who want to provide quotes for your car insurance coverage. You never need to leave your house because prices are sent to the email address you provide. If you need to get a rate quote from one company in particular, you just need to search and find their rate quote page and fill out their quote form.

Selecting an insurer needs to be determined by more than just a cheap price. Agents should be asked these questions:

• How much experience to they have in personal lines coverages?
• Is every driver in your family covered?
• What are the financial ratings for the companies they represent?
• Does the agency support the community they serve?
• Are they primarily personal or commercial lines agents in Anchorage?

What type of Anchorage car insurance agent is right for you?

If you’re trying to find a reliable insurance agent, you should know the types of insurance agents that you can choose from. Agencies in Anchorage are classified as either independent or exclusive depending on the company they work for. Both sell and service car insurance coverage, but it’s good to learn the subtle differences since it can impact buying decisions.

Exclusive Car Insurance Agents

Agents of this type can only provide pricing for a single company such as Allstate, State Farm and Farm Bureau. Exclusive agents are unable to shop your coverage around so it’s a take it or leave it situation. Exclusive agents are well trained on their company’s products and that can be a competitive advantage.

Listed below is a list of exclusive agencies in Anchorage that are able to give rate quotes.

More Anchorage agents

Independent Car Insurance Agents

Independent insurance agents are not locked into one company so they can quote policies through lots of different companies and get you the best rates possible. If they quote lower rates, they simply move the coverage in-house and the insured can keep the same agent. If you are trying to find cheaper rates, we recommend you check rates from independent agents for maximum quote selection.

Below are Anchorage independent insurance agencies that are able to give price quote information.

More Anchorage agents

After getting reasonable responses to any questions you may have and locked in a price quote, it’s a good possibility that you have found an auto insurance agent that is a good match to properly service your car insurance policy. Just be aware that consumers can cancel your policy any time you want so don’t think that you’re stuck with a policy for a certain time period.

Which car insurance company is best in Alaska?

Insuring your vehicle with the top car insurance provider can be difficult considering how many different insurance companies sell coverage in Alaska. The information shown below can help you decide which car insurance companies you want to consider purchasing from.

Top 10 Anchorage Car Insurance Companies Ranked by Claims Service

1. State Farm
2. Esurance
3. AAA Insurance
4. Progressive
5. GEICO
6. Liberty Mutual
7. Allstate
8. The Hartford
9. The General
10. Farmers Insurance

Top 10 Anchorage Car Insurance Companies Ranked by Value

1. USAA
2. American Family
3. The Hartford
4. The General
5. State Farm
6. AAA Insurance
7. Allstate
8. Esurance
9. Safeco
10. 21st Century

Final considerations

Some insurance companies may not provide price quotes online and these small, regional companies only sell through independent agents. Discount Cadillac Escalade insurance can be purchased online and with local Anchorage insurance agents, and you should compare price quotes from both in order to have the best chance of saving money.

In this article, we presented a lot of techniques to find affordable Cadillac Escalade insurance in Anchorage. The key thing to remember is the more times you quote, the better chance you’ll have of finding low cost Anchorage car insurance quotes. Consumers could even find that the most savings is with the least-expected company. Some small companies can often insure niche markets at a lower cost than the large multi-state companies such as Progressive or GEICO.

How to buy low-cost Cadillac Escalade insurance in Anchorage

The preferred way to get budget car insurance rates is to start doing a yearly price comparison from companies who sell auto insurance in Anchorage.

Step 1: Try to understand how your policy works and the factors you can control to keep rates in check. Many rating factors that result in higher rates such as traffic violations and a low credit rating can be amended by paying attention to minor details.

Step 2: Obtain price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like Progressive and State Farm, while agents who are independent can provide prices from multiple insurance companies.

Step 3: Compare the new quotes to your current policy premium to see if you can save by switching companies. If you find a better price and buy the policy, verify that coverage does not lapse between policies.

Step 4: Notify your agent or company of your intention to cancel your current car insurance policy and submit the signed application along with the required initial payment to your new insurance company. Once coverage is bound, place your new proof of insurance certificate somewhere easily accessible.

A key point to remember is to make sure you’re comparing the same physical damage deductibles and liability limits on each quote request and and to compare as many companies as possible. Doing this enables an accurate price comparison and a good representation of prices.

More tips and info about car insurance is available by following these links:

• Teen Driver Licensing Information (iihs.org)
• Who Has the Cheapest Anchorage Auto Insurance Rates for Drivers Over Age 70? (FAQ)
• How Much is Car Insurance for Inexperienced Drivers in Anchorage? (FAQ)
• Eight Auto Insurance Myths (Insurance Information Institute)
• Red Light Cameras (State Farm)