It’s safe to assume that car insurance companies don’t want customers comparing rates. Insureds who compare rates annually will, in all likelihood, switch companies because the odds are good of finding a lower-cost company. A recent study showed that consumers who routinely shopped for cheaper coverage saved about $850 each year compared to people who never shopped around for better prices.
If finding the lowest rates on car insurance is your objective, then having an understanding of the best way to shop and compare coverages can make it easier for you to save money.
To save the most money, the best way to find cheaper quotes for Cadillac Escalade EXT insurance is to compare prices annually from different companies in Lincoln.
- First, try to understand the coverage provided by your policy and the steps you can take to prevent expensive coverage. Many policy risk factors that are responsible for high rates like multiple speeding tickets and poor credit rating can be controlled by making minor changes to your lifestyle. Later in this article we will cover additional ideas to help keep rates affordable and find overlooked discounts.
- Second, get rate quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only quote rates from one company like Progressive or Allstate, while agents who are independent can provide prices for many different companies. View prices
- Third, compare the new rate quotes to your existing rates to see if cheaper Escalade EXT coverage is available in Lincoln. If you find a lower rate, make sure there is no lapse between the expiration of your current policy and the new one.
- Fourth, tell your current company of your intention to cancel your current auto insurance policy. Submit the completed application along with a down payment to the new insurer. As soon as you can, put the new certificate verifying proof of insurance in your vehicle’s glove compartment or console.
The most important part of shopping around is to try to compare the same liability limits and deductibles on every quote and and to analyze every insurance company. Doing this helps ensure an apples-to-apples comparison and a complete rate analysis.
The best way to compare insurance rates from multiple companies takes advantage of the fact most larger insurance companies have advanced systems to provide you with a free rate quote. All consumers are required to do is spend a couple of minutes providing details like any included safety features, your credit rating estimate, your job, and whether the vehicles are used for commuting. That rating information gets transmitted to insurance carriers in your area and you receive quotes quickly.
To get price quotes for your Cadillac Escalade EXT now, click here and enter your zip code.
The providers in the list below are ready to provide quotes in Nebraska. If your goal is to find cheaper car insurance in Lincoln, we suggest you click on several of them in order to find the cheapest rates.
Rates and data analysis
The information displayed below covers estimates of rate quotes for Cadillac Escalade EXT models. Having insight into how rates are formulated can assist in making decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escalade EXT 4WD | $316 | $594 | $404 | $24 | $122 | $1,460 | $122 |
| Escalade EXT Luxury Edition 4WD | $316 | $594 | $404 | $24 | $122 | $1,460 | $122 |
| Get Your Own Custom Quote Go | |||||||
Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Price information does not factor in garaging location in Lincoln which can impact coverage prices substantially.
Where to set your deductibles
The hardest decision when buying coverage is which comprehensive and collision deductibles to buy. The tables below may help to illustrate the rate differences between low and high insurance deductibles. The first rate quote example uses a $100 comprehensive and collision deductible and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escalade EXT 4WD | $390 | $716 | $300 | $18 | $90 | $1,539 | $128 |
| Escalade EXT Luxury Edition 4WD | $390 | $716 | $300 | $18 | $90 | $1,539 | $128 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escalade EXT 4WD | $286 | $484 | $300 | $18 | $90 | $1,178 | $98 |
| Escalade EXT Luxury Edition 4WD | $286 | $484 | $300 | $18 | $90 | $1,178 | $98 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Information does not factor in your specific Lincoln location which can impact premiums greatly.
Based on the above data, using a $100 deductible will cost you roughly $30 more each month or $360 each year across all Cadillac Escalade EXT models than requesting the higher $500 deductible. Because you would pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you go at a minimum 13 months between claim filings, you would probably be better off by selecting a higher deductible.
Cadillac Escalade EXT insurance rates by age and gender
The illustration below visualizes the comparison of Cadillac Escalade EXT car insurance costs for male and female drivers. The data assumes no claims or driving citations, comp and collision included, $100 deductibles, single marital status, and no discounts are applied to the premium.
Does full coverage make sense?
The example below compares Cadillac Escalade EXT auto insurance rates with full physical damage coverage compared to only buying liability only. The costs are based on no tickets, no at-fault accidents, $250 deductibles, single marital status, and no discounts are taken into consideration.
When to stop buying physical damage coverage
There isn’t a written rule that works best for making the decision to drop comp and collision coverage, but there is a guideline you can consider. If the yearly cost of full coverage is more than about 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.
For example, let’s say your Cadillac Escalade EXT claim settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $7,000 after the deductible is paid. If it’s costing in excess of $700 a year to have full coverage, then it might be time to consider dropping full coverage.
There are some situations where removing full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not eliminate full coverage.
Why car insurance is not optional
Despite the high insurance cost for a Cadillac Escalade EXT in Lincoln, insuring your vehicle is required in Nebraska but also provides important benefits.
First, most states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific level of liability insurance in order to be legal. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if your Cadillac Escalade EXT has a lienholder, almost all lenders will make it mandatory that you have full coverage to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the bank may buy a policy for your Cadillac at a much higher premium rate and require you to reimburse them the higher price.
Third, car insurance preserves both your assets and your Cadillac. Insurance will also pay for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, also covers all legal expenses up to the policy limit if you cause an accident and are sued. If mother nature or an accident damages your car, collision and comprehensive coverages will pay to have it repaired.
The benefits of having car insurance outweigh the cost, especially with large liability claims. In a recent study of 1,000 drivers, the average customer overpays as much as $855 a year so it’s recommended you shop around every year to make sure the price is not too high.
Do you qualify for these six discounts?
The cost of insuring your cars can be expensive, but you may be missing some discounts that you may not know about. Most are applied when you quote, but lesser-known reductions have to be asked for prior to receiving the credit. If you do not double check each discount you qualify for, you could be paying more than you need to.
- Full Payment Discount – By making one initial payment rather than paying monthly you can avoid the installment charge.
- College Student Discount – Any of your kids who are enrolled in higher education away from home without a vehicle on campus could qualify for this discount.
- New Vehicle Savings – Insuring a vehicle that is new can get you a discount compared to insuring an older model.
- Low Mileage Discounts – Low mileage vehicles could be rewarded with substantially lower rates.
- Anti-lock Brakes – Cars and trucks with ABS braking systems or traction control can reduce accidents so companies give up to a 10% discount.
- No Claim Discounts – Insureds who avoid accidents and claims are rewarded with significantly better rates on Lincoln car insurance quote in comparison to bad drivers.
Drivers should understand that many deductions do not apply to the entire cost. A few only apply to specific coverage prices like liability and collision coverage. So when the math indicates all those discounts means the company will pay you, companies wouldn’t make money that way. But all discounts will reduce the premium cost.
The example below shows the comparison of Cadillac Escalade EXT insurance prices with and without policy discounts. The information is based on a female driver, no accidents, no driving violations, Nebraska state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-policy, multi-car, marriage, and claim-free discounts applied.
Auto insurance companies who may offer these benefits include:
If you need low cost Lincoln car insurance quotes, ask each company how you can save money. Discounts may not apply in Lincoln.
What insurance coverages do I need?
When quoting and comparing the best car insurance coverage, there really is no best way to insure your cars. Everyone’s situation is unique.
For instance, these questions can aid in determining if your insurance needs could use an agent’s help.
- What is medical payments coverage?
- Does car insurance cover theft of personal property?
- What are the liability requirements in my state?
- Is my nanny covered when driving my vehicle?
- Am I covered if I hit my neighbor’s mailbox?
- Am I missing any policy discounts?
- Do I have ACV or replacement cost coverage?
If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you don’t have a local agent, complete this form. It is quick, free and may give you better protection.
Local Lincoln insurance agencies and auto insurance
A lot of people just want to get professional advice from a licensed agent and that is a personal choice. Experienced insurance agents are highly skilled in risk management and help file insurance claims. The best thing about comparing auto insurance online is you can get cheap auto insurance quotes and still have an agent to talk to.
To find an agent, once you fill out this form (opens in new window), your insurance data is sent to participating agents in Lincoln who will give you quotes for your business. You never need to leave your house because quoted prices will be sent to your email. If you wish to get a rate quote from a specific auto insurance provider, feel free to visit that company’s website and fill out their quote form.
Picking the best provider requires you to look at more than just a cheap quote. The questions below may impact your decision as well.
- If you raise deductibles, how much can you save?
- Is the quote a firm price?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- Which company do they place the most coverage with?
- Is there any savings for paying the full premium?
- Do they have designations such as AIC, CPCU, or CIC?
- Is there a Errors and Omissions policy in force?
If you are wanting to purchase auto insurance from a local Lincoln insurance agency, it’s important to understand the different agency structures and how they are distinctly different. Agencies in Lincoln can either be independent (non-exclusive) or exclusive. Either one can sell and service auto insurance coverage, but it’s worth mentioning the difference between them since it may influence the selection process.
Exclusive Agents
Agents in the exclusive channel generally can only insure with one company such as State Farm, Allstate, or Farmers Insurance. Exclusive agents cannot provide other company’s prices so you might not find the best rates. Exclusive agencies receive a lot of sales training on sales techniques which helps offset the inability to provide other markets. Some consumers prefer to purchase coverage from exclusives mostly because of the brand legacy instead of buying on price only.
The following is a list of exclusive agencies in Lincoln who may provide you with price quote information.
- Farmers Insurance
916 N 70th St – Lincoln, NE 68505 – (402) 488-5277 – View Map - Solomon Halim – State Farm Insurance Agent
4007 S 48th St – Lincoln, NE 68506 – (402) 486-3839 – View Map - Shelter Insurance – Reed Devall
1419 N Cotner Blvd – Lincoln, NE 68505 – (402) 464-9300 – View Map
Independent Agents (or Brokers)
Agents of this type do not have single company limitations and that allows them to write policies through many different auto insurance companies and find the cheapest auto insurance rates. If they find a cheaper price, they simply move your policy to a different company and you don’t have to find a new agent.
When comparing rates, we recommend you get insurance quotes from at least one independent agent in order to compare the most rates. Most also write with small mutual carriers that may have much lower rates than larger companies.
The following is a list of independent insurance agents in Lincoln that are able to give comparison quotes.
- Stuchlik and Associates Insurance
130 Cherry Hill Blvd – Lincoln, NE 68510 – (402) 489-8990 – View Map - Copple Insurance Agency, Inc.
1640 L St – Lincoln, NE 68508 – (402) 475-3213 – View Map - Davidson Insurance
5101 N 27th St – Lincoln, NE 68521 – (402) 465-1167 – View Map
Car insurance coverages for a Cadillac Escalade EXT
Understanding the coverages of your insurance policy can help you determine the right coverages and proper limits and deductibles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.
Comprehensive coverage
Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things such as damage from a tornado or hurricane, hitting a bird, damage from flooding, hitting a deer and vandalism. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Uninsured/Underinsured Motorist coverage
This gives you protection when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as your vehicle’s damage.
Since a lot of drivers have only the minimum liability required by law (Nebraska limits are 25/50/25), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.
Medical payments coverage and PIP
Med pay and PIP coverage provide coverage for bills such as hospital visits, surgery, X-ray expenses and ambulance fees. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants and also covers getting struck while a pedestrian. PIP is not universally available and may carry a deductible
Liability
Liability coverage can cover damage that occurs to people or other property that is your fault. This coverage protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability insurance covers things like bail bonds, pain and suffering and structural damage. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as large an amount as possible. Nebraska requires drivers to carry at least 25/50/25 but drivers should carry more coverage.
The illustration below demonstrates why minimum state limits may not be adequate coverage.
Auto collision coverage
Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for things like crashing into a ditch, sustaining damage from a pot hole, crashing into a building and colliding with a tree. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible on your Escalade EXT to save money on collision insurance.
Best auto insurance company in Lincoln
Picking a high-quality insurer can be a challenge considering how many different companies there are to choose from in Nebraska. The ranking information shown below could help you analyze which auto insurers to look at when shopping your coverage around.
Top 10 Lincoln Car Insurance Companies Ranked by Claims Service
- Progressive
- Travelers
- Liberty Mutual
- Nationwide
- USAA
- AAA Insurance
- Safeco Insurance
- GEICO
- Esurance
- The General
Top 10 Lincoln Car Insurance Companies Overall
- USAA
- 21st Century
- GEICO
- Nationwide
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- Travelers
- American Family
Affordable insurance rates are possible
Drivers who switch companies do it for many reasons like delays in paying claims, unfair underwriting practices, policy non-renewal or even poor customer service. Regardless of your reason, finding the right insurance provider is pretty easy and you might even save some money in the process.
When buying insurance coverage, make sure you don’t reduce coverage to reduce premium. In too many instances, an insured cut physical damage coverage only to find out that the savings was not a smart move. Your focus should be to purchase a proper amount of coverage at the best cost, not the least amount of coverage.
We just presented quite a bit of information on how to compare Cadillac Escalade EXT insurance prices in Lincoln. The key thing to remember is the more quotes you get, the higher the chance of saving money. Drivers may even discover the lowest prices are with a small local company.
Much more information about insurance in Nebraska is located at the links below
- Collision Coverage (Liberty Mutual)
- Who Has the Cheapest Car Insurance Rates for Police Officers in Lincoln? (FAQ)
- Who Has Cheap Lincoln Car Insurance Quotes for a Ford Fusion? (FAQ)
- How Much is Auto Insurance for a Dodge Ram in Lincoln? (FAQ)
- Preventing Carjacking and Theft (Insurance Information Institute)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- State Car Insurance Guides (GEICO)