The Cadillac Escalade EXT certainly has an unusual body design. It’s an interesting combination of utility and luxury that certain types of drivers relish. But how does this affect the price that most companies charge for Cadillac Escalade EXT auto insurance? Below, we’ll go over all the details which determine how much you should be paying for your insurance premiums. You may be surprised to find out that you’re actually paying too much – but with our help, you can get the best deal available.
The Cadillac Escalade EXT was in production between 2002 and 2013. Its main goal was to compete with the Chevy Avalanche sport utility truck, as exemplified by the fact that it had such a similar design. It was a hybrid of an SUV and a pickup truck with a snub-nosed bed. The body style and interior design came with the flare and style you would expect from a luxury brand like Cadillac.
Unfortunately, despite the 11 year run for the Cadillac Escalade EXT, it went down in flames during its final year of production. Dismal 2013 sales (just under 2,000 units) forced Cadillac to discontinue production. Its competitor, the Avalanche, wasn’t doing so well either. Production of both vehicles shut down in the same year.
Most insurance companies will ask you to provide your ZIP code when you apply for a car insurance policy. This is important, because it determines how risky it is every time you get behind the wheel. If you don’t drive in rush hour traffic very much, if you live in an area with a low population, and if you aren’t at a very high risk of getting hit by a drunk driver, these can all save you a good amount of your monthly premiums.
Speaking of evaluating risk, most insurance companies work very hard to make sure that their risk predictors are the most accurate in the market. This helps them protect their bottom line by charging higher rates to risky drivers who will cost them money in future claims. It also helps increase business volume by charging the lowest prices to drivers who won’t cost them a dime, but will pay their premiums regularly.
So how do you prove to your auto insurance company that you are a low-risk? One of the best ways to do so is to have as high of a credit score as humanly possible. Insurance companies love drivers who are responsible with their finances, because it means that they will pay their premiums on time and in full with perfect reliability. Some agencies also assume that if you are responsible with your money, you will be just as responsible every time you get into your car. Since this reduces the likelihood of an accident – and an expensive claim for them to pay out on – they will reward you with lower rates.
Things like improving your credit score or changing where you live can be difficult and time-consuming, if not impossible. So if you still think you’re paying too much for your Cadillac Escalade EXT car insurance, then you’re going to have to utilize other tactics in order to save. The best solution, according to our experts, is to compare as many quotes as possible from agencies in your area. They are all fighting for your business, and will offer you as low of a rate as they can afford to – but you have to find out which one is the best in order to lower your premiums. We can help you compare rates today.