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The Escalade is a luxury SUV in Cadillac’s lineup. It is a mix of power and elegance, and an easy choice for any person looking to splurge a little on an extremely appealing vehicle. It starts at around $63,000 for the MSRP which is a bit on the pricey side. Sticker prices aren’t everything, though. One needs to consider the associated costs of ownership. If you’d like to learn how to save on your Cadillac Escalade insurance premiums, read on.
A full-size SUV with a flair for the dramatic, the Escalade is bound to impress even the most demanding driver. With a smoother ride than previous versions and better handling, the car is a joy to drive.
It is powered by a powerful 6.2 liter V8 that provides ample acceleration and pickup for virtually any situation. The interior has an upscale design with faux-wood trim, an impressive looking dashboard and leather upholstery. In addition to this, it has a number of power accessories.
Insurance rates will vary from driver to driver and insurer to insurer; however, Escalade owners have been paying $150 on a monthly basis if not more. It’s expensive to insure a luxury vehicle.
However, there are ways to lower your insurance premium. First of all, shopping around is the first line of defense. Get at least 3 quotes from separate insurers so that you can compare and contrast the rates that they give you. Different insurance companies will offer varying discounts and incentives, so it behooves you to get several quotes to see who gives you the best price.
Have you considered getting rid of or lowering certain levels of coverage? This is another way that you can lower your insurance premium. If your car has had time to depreciate in value, and you haven’t really had an accident in a couple of years, you might consider raising your deductible on collision and comprehensive. It is a bit of a tradeoff, however.
If you have a lower deductible, you won’t have to pay out of pocket as much in the event of an accident. However, if you haven’t really had an accident in some time, you’re essentially paying on a monthly basis for coverage you might not really need. Consider raising the deductible from, for example, $500 to $1000, which will net you savings on a monthly basis. You will, however, be responsible for more up front if you do get into an accident.
Safety ratings can go a long way toward reducing your premium. The 2012 Escalade got an overall score of 4/5 stars with the federal government. On individual tests, it received 5/5 stars on front and side impact tests, though only received a 3/5 star rating on rollover crash tests. The IIHS has not rated the 2012 Escalade as of yet.
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