It’s well known that car insurance companies don’t want you to look at other companies. Drivers who shop around for cheaper price quotes will presumably switch insurance companies because there is a great chance of finding a policy with better rates. A study showed that people who routinely compared rates saved approximately $3,450 over four years compared to policyholders who never shopped around for better prices.
If finding the cheapest rates on car insurance in Louisville is the reason you’re reading this, then learning about the best ways to shop for insurance premiums can save time and money.
The most effective way to save on Cadillac Escalade ESV insurance is to do a yearly price comparison from companies that insure vehicles in Louisville. Rate comparisons can be done by completing these steps.
- First, read about how auto insurance works and the things you can change to keep rates low. Many rating criteria that cause high rates like at-fault accidents, speeding tickets, and a bad credit score can be rectified by making minor driving habit or lifestyle changes.
- Second, request price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give rate quotes from one company like Progressive or Farmers Insurance, while agents who are independent can provide prices from many different companies. Select a company
- Third, compare the quotes to your existing rates to see if switching to a new carrier will save money. If you find a lower rate and buy the policy, make sure there is no lapse in coverage.
The critical component of shopping around is to use the same deductibles and limits on each quote request and and to look at as many companies as feasibly possible. This guarantees a fair rate comparison and a good representation of prices.
Cheap Louisville Cadillac Escalade ESV insurance rate quotes
The following companies have been selected to offer free rate quotes in Louisville, KY. If you want cheap auto insurance in Louisville, we recommend you click on several of them to get the best price comparison.
Three reasons to not skimp on insurance
Despite the high cost, insurance is a good idea for several reasons.
First, the majority of states have minimum mandated liability insurance limits which means you are required to buy specific limits of liability insurance in order to drive the car legally. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your Escalade ESV has a lienholder, more than likely the lender will require you to buy full coverage to protect their interest in the vehicle. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Cadillac for a lot more money and force you to pay for the much more expensive policy.
Third, insurance preserves both your car and your personal assets. It also can pay for medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage also pays expenses related to your legal defense in the event you are sued. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will pay to restore your vehicle to like-new condition.
The benefits of insuring your car definitely exceed the price paid, especially when you need to use it. But the average driver in Kentucky is currently overpaying as much as $865 each year so it’s very important to do a rate comparison once a year at a minimum to save money.
Rates and data analysis
The premium information shown next outlines a range of insurance coverage prices for Cadillac Escalade ESV models. Learning as much as possible about how premiums are determined can benefit drivers when making informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escalade ESV 2WD | $436 | $576 | $428 | $26 | $128 | $1,594 | $133 |
| Escalade ESV 4WD | $436 | $576 | $428 | $26 | $128 | $1,594 | $133 |
| Escalade ESV Luxury Edition 2WD | $436 | $576 | $428 | $26 | $128 | $1,594 | $133 |
| Escalade ESV Premium Edition 2WD | $436 | $576 | $428 | $26 | $128 | $1,594 | $133 |
| Escalade ESV Luxury Edition 4WD | $436 | $576 | $428 | $26 | $128 | $1,594 | $133 |
| Escalade ESV Premium Edition 4WD | $472 | $652 | $428 | $26 | $128 | $1,706 | $142 |
| Escalade ESV Platinum Edition 2WD | $472 | $652 | $428 | $26 | $128 | $1,706 | $142 |
| Escalade ESV Platinum Edition 4WD | $472 | $652 | $428 | $26 | $128 | $1,706 | $142 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Rates do not factor in garaging location in Louisville which can alter premium rates noticeably.
Higher deductibles save money
When comparing auto insurance rates, the most common question is what deductibles to buy. The following insurance rates summarize the rate fluctuation between high and low deductibles. The first set of rates uses a $250 deductible for comp and collision and the second rate table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escalade ESV 2WD | $382 | $576 | $326 | $20 | $98 | $1,427 | $119 |
| Escalade ESV 4WD | $382 | $576 | $326 | $20 | $98 | $1,427 | $119 |
| Escalade ESV Luxury Edition 2WD | $382 | $576 | $326 | $20 | $98 | $1,427 | $119 |
| Escalade ESV Premium Edition 2WD | $382 | $576 | $326 | $20 | $98 | $1,427 | $119 |
| Escalade ESV Luxury Edition 4WD | $382 | $576 | $326 | $20 | $98 | $1,427 | $119 |
| Escalade ESV Premium Edition 4WD | $414 | $652 | $326 | $20 | $98 | $1,535 | $128 |
| Escalade ESV Platinum Edition 2WD | $414 | $652 | $326 | $20 | $98 | $1,535 | $128 |
| Escalade ESV Platinum Edition 4WD | $414 | $652 | $326 | $20 | $98 | $1,535 | $128 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escalade ESV 2WD | $236 | $362 | $326 | $20 | $98 | $1,042 | $87 |
| Escalade ESV 4WD | $236 | $362 | $326 | $20 | $98 | $1,042 | $87 |
| Escalade ESV Luxury Edition 2WD | $236 | $362 | $326 | $20 | $98 | $1,042 | $87 |
| Escalade ESV Premium Edition 2WD | $236 | $362 | $326 | $20 | $98 | $1,042 | $87 |
| Escalade ESV Luxury Edition 4WD | $236 | $362 | $326 | $20 | $98 | $1,042 | $87 |
| Escalade ESV Premium Edition 4WD | $256 | $410 | $326 | $20 | $98 | $1,110 | $93 |
| Escalade ESV Platinum Edition 2WD | $256 | $410 | $326 | $20 | $98 | $1,110 | $93 |
| Escalade ESV Platinum Edition 4WD | $256 | $410 | $326 | $20 | $98 | $1,110 | $93 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Premium amounts do not factor in specific garaging location which can increase or decrease premiums greatly.
Using the data above, we can ascertain that using a $250 deductible costs about $33 more each month or $396 for a full year across all Cadillac Escalade ESV models than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 23 months between claims, you would more than likely save some money if you decide on a higher deductible.
How to determine if raising deductibles makes sense
| Average monthly premium for $250 deductibles: | $122 |
| Average monthly premium for $1,000 deductibles (subtract): | – $89 |
| Monthly savings from raising deductible: | $33 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $33 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 23 months |
One important note is that raising deductibles to save money results in more money out-of-pocket when you file a claim. It will be required that you have enough money put aside in the event you need to pay more for the deductible.
Cadillac Escalade ESV insurance premiums by gender and age
The illustration below visualizes the comparison of Cadillac Escalade ESV premium costs for male and female drivers. The premiums assume no claims or driving citations, full coverage, $500 deductibles, single status, and no additional discounts are factored in.
Discounts can help save money on Cadillac Escalade ESV insurance in Louisville
Car insurance is not cheap, but there are discounts available to help bring down the price. A few discounts will automatically apply at quote time, but some discounts are required to be manually applied before you will receive the discount.
- Federal Employees – Active or former government employment can save as much as 8% depending on your company.
- Early Switch Discount – A few insurance companies offer discounts for signing up early. It could save around 10% when you buy Louisville auto insurance online.
- E-sign – Many insurance companies provide a small discount get Louisville auto insurance on the web.
- Braking Control Discount – Vehicles with ABS braking systems or traction control prevent accidents and the ABS can save up to 10%.
- Discounts for Good Drivers – Insureds without accidents may receive a discount up to 45% than their less cautious counterparts.
- College Student – Children who live away from home at college and do not have access to a covered vehicle can be insured at a reduced rate.
You can save money using discounts, but many deductions do not apply to the whole policy. Most only cut the cost of specific coverages such as liability, collision or medical payments. Even though it appears you could get a free insurance policy, it doesn’t quite work that way. But any discount will help lower your premiums.
The diagram below illustrates the difference between Cadillac Escalade ESV insurance premiums with and without policy discounts. The price estimates are based on a male driver, no violations or claims, Kentucky state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-policy, multi-car, claim-free, and marriage discounts applied.
A list of companies and some of the premium reductions they offer are outlined below.
- Farm Bureau may have discounts that include driver training, good student, 55 and retired, renewal discount, safe driver, and multi-vehicle.
- Liberty Mutual policyholders can earn discounts including safety features, hybrid vehicle, new vehicle discount, multi-policy, exclusive group savings, teen driver discount, and multi-car.
- State Farm may offer discounts for student away at school, multiple autos, defensive driving training, passive restraint, good student, driver’s education, and good driver.
- Auto-Owners Insurance has discounts for company car, multiple vehicles, anti-lock brakes, safe vehicle, air bags, and paid in full.
- GEICO offers discounts for air bags, defensive driver, five-year accident-free, multi-vehicle, and daytime running lights.
- SAFECO discounts include homeowner, drive less, safe driver, anti-lock brakes, accident prevention training, and anti-theft.
If you want the cheapest Cadillac Escalade ESV rate quotes, ask each company the best way to save money. Some credits might not apply in your area. If you would like to see a list of providers that offer some of these discounts in Kentucky, click here to view.
Insurance agent or online?
Some people still like to talk to an insurance agent and that is a smart decision Professional agents are highly skilled in risk management and help file insurance claims. One of the great benefits of comparing rate quotes online is the fact that drivers can get lower auto insurance rates but also keep your business local.
After completing this simple form, your insurance coverage information gets sent to companies in Louisville who can give free rate quotes for your car insurance coverage. You won’t need to drive around since price quotes are sent immediately to your email address. If for some reason you want to get a comparison quote from one company in particular, feel free to visit that company’s website and submit a quote form there.
Deciding on an provider should depend on more than just a cheap price. Here are some questions you might want to ask.
- If your car is in the repair shop, do you have coverage for a rental car?
- Will the agent help in case of a claim?
- Do you qualify for any additional discounts?
- Can glass repairs be made at your home?
- Can you contact them at any time?
- Do they receive special compensation for putting your coverage with one company over another?
- Is the agency involved in supporting local community causes?
If you are searching for a reliable agent, you should know the different types of agents and how they differ in how they can insure your vehicles. Car insurance agencies can be categorized as either exclusive agents or independent agents. Both types can write car insurance policies, but it is a good idea to know the difference between them because it can impact the type of agent you choose.
Exclusive Agents
Agents of this type can only place business with one company and some examples include State Farm, Allstate and AAA. Exclusive agencies are unable to provide prices from multiple companies so keep that in mind. Exclusive agencies are usually well trained on their company’s products and that allows them to sell at a higher price point. Some consumers prefer to buy insurance from these agents partially due to the brand rather than having the cheapest rates.
Shown below are exclusive agencies in Louisville who may provide you with rate quotes.
- Dave Metzger – State Farm Insurance Agent
6015 Bardstown Rd – Louisville, KY 40291 – (502) 239-4800 – View Map - Dave Goodman – State Farm Insurance Agent
1906 Crums Ln – Louisville, KY 40216 – (502) 448-5436 – View Map - Tracy Blair Haus State Farm Insurance Agency
11501 Main St – Louisville, KY 40243 – (502) 244-0271 – View Map
Independent Agents
These agents can quote rates with many companies so they can insure your vehicles amongst many companies enabling the ability to shop coverage around. If prices rise, they simply switch companies in-house and you won’t have to switch agencies. When comparison shopping, you need to get rate quotes from several independent insurance agents to have the most options to choose from. A lot of them also have access to lesser-known insurance companies which can save you money.
The following is a short list of independent agencies in Louisville that are able to give comparison quotes.
- Claude Reynolds Insurance
6801 Dixie Hwy #232 – Louisville, KY 40258 – (502) 933-2255 – View Map - Logan, Stanley – Logan Lavelle Hunt Insurance
11420 Bluegrass Pkwy – Louisville, KY 40299 – (502) 499-6880 – View Map - Louisville Kentucky Insurance
4500 Dixie Hwy – Louisville, KY 40216 – (502) 447-3711 – View Map
Situations that may require an agent’s advice
Always remember that when buying coverage online or from an agent, there isn’t really a single plan that fits everyone. Each situation is unique and a cookie cutter policy won’t apply.
Here are some questions about coverages that can help discover if your insurance needs will benefit from professional help.
- Can I afford to pay high deductible claims out of pocket?
- What are the financial responsibility laws in my state?
- Should I carry comprehensive and collision coverage?
- How do I file an SR-22 for a DUI in Kentucky?
- Do I have coverage for damage caused while driving under the influence?
- Is my Cadillac Escalade ESV covered for flood damage?
If you don’t know the answers to these questions, you may need to chat with a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier It only takes a few minutes and you can get the answers you need.
Which auto insurance company is best in Kentucky?
Selecting the highest-rated insurer is hard considering how many companies sell coverage in Louisville. The ranking information in the lists below may help you select which insurers to look at when comparing rate quotes.
Top 10 Louisville Car Insurance Companies Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- Erie Insurance
- Esurance
- The General
Top 10 Louisville Car Insurance Companies Ranked by Customer Service
- USAA
- Travelers
- Mercury Insurance
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
Cheap insurance is out there
While you’re price shopping online, it’s a bad idea to reduce needed coverages to save money. There have been many situations where drivers have reduced liability coverage limits only to regret at claim time that the few dollars in savings costed them thousands. The ultimate goal is to buy a smart amount of coverage at the best price, not the least amount of coverage.
Lower-priced insurance in Louisville is available both online in addition to local insurance agencies, so you need to quote Louisville auto insurance with both in order to have the best price selection to choose from. Some companies do not provide the ability to get a quote online and usually these smaller companies work with independent agencies.
In this article, we covered some good ideas how to lower your Cadillac Escalade ESV insurance prices in Louisville. The key concept to understand is the more rate comparisons you have, the higher the chance of saving money. Consumers may even find the biggest savings come from a lesser-known regional company. They may cover specific market segments cheaper than their larger competitors like State Farm or Progressive.
Additional learning opportunities
- Safety Belts FAQ (iihs.org)
- Who Has the Cheapest Car Insurance for a Jeep Grand Cherokee in Louisville? (FAQ)
- How Much are Auto Insurance Rates for a Chevrolet Silverado in Louisville? (FAQ)
- What Car Insurance is Cheapest for Uninsured Drivers in Louisville? (FAQ)
- What is Covered by GAP Insurance? (Allstate)
- Booster Seat Ratings (iihs.org)