Affordable Cadillac Escalade Insurance in Madison

If saving the most money is your goal, then the best way to get the cheapest auto insurance rates in Madison is to compare quotes once a year from companies who sell insurance in Wisconsin.

First, take a few minutes and learn about what is in your policy and the changes you can make to keep rates in check. Many risk factors that cause rate increases like traffic citations, accidents, and a not-so-good credit score can be improved by making lifestyle changes or driving safer.

Second, quote rates from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from a single company like Progressive or Allstate, while agents who are independent can provide rate quotes from multiple companies.

Third, compare the new rates to the price on your current policy to see if you can save by switching companies. If you can save money and buy the policy, ensure coverage does not lapse between policies.

Fourth, provide notification to your current agent or company to cancel your current policy and submit a signed application and payment for your new policy. Be sure to safely store the certificate verifying proof of insurance in your glove compartment.

One tip to remember is to make sure you enter similar coverage information on every quote request and and to get price quotes from as many companies as feasibly possible. Doing this enables a fair rate comparison and a complete rate analysis.

Shockingly, nearly 70% of consumers have been with the same company for well over three years, and nearly the majority have never even shopped around for affordable coverage. Most drivers in Madison could save roughly 30% each year, but most undervalue the large savings they would see if they switched to a cheaper policy.

Comparing quotes for the most affordable auto insurance in Madison is easy to do. If you have a current auto insurance policy or are looking for a new policy, follow these tips to find the best rates and still get good coverage. Smart shoppers just have to use the proper way to compare different rates using one simple form.

The car insurance companies shown below can provide comparison quotes in Wisconsin. To buy cheap car insurance in Madison, WI, we recommend you visit as many as you can to get a more complete price comparison.

Determine discounts on Madison car insurance

Not too many consumers would say car insurance is affordable, but you can get discounts to help bring down the price. Certain discounts will be applied when you purchase, but some discounts are required to be asked for before they will apply.

• Senior Citizens – If you qualify as a senior citizen, you are able to get a slight reduction on a Madison auto insurance quote.
• Anti-theft Discount – Cars, trucks, and SUVs equipped with anti-theft or alarm systems are stolen less frequently and can earn a small discount on your policy.
• Drive Less and Save – Keeping the miles down on your Cadillac could earn lower prices on the low mileage vehicles.
• Resident Student – Children who attend college more than 100 miles from Madison and do not have access to a covered vehicle can be insured at a reduced rate.
• Multi-Vehicle Discounts – Buying coverage for multiple vehicles on one policy qualifies for this discount.
• Good Grades Discount – A discount for being a good student could provide a savings of up to 20% or more. This discount can apply until age 25.
• Safe Driver Discount – Drivers who don’t get into accidents can get discounts for up to 45% lower rates compared to rates paid by drivers with frequent claims.
• Lower Rates for Military – Having an actively deployed family member may lower your premium rates slightly.

Just know that many deductions do not apply to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as liability and collision coverage. Despite the fact that it seems like you can get free auto insurance, it just doesn’t work that way.

The example below shows the difference between Cadillac Escalade insurance premiums with and without discounts applied to the rates. The rate quotes are based on a female driver, no violations or claims, Wisconsin state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, homeowner, claim-free, safe-driver, and multi-car discounts applied.

A list of companies and a selection of discounts can be found below.

• State Farm has discounts for multiple policy, anti-theft, safe vehicle, good student, passive restraint, good driver, and driver’s education.
• GEICO discounts include emergency military deployment, five-year accident-free, good student, military active duty, and seat belt use.
• Allstate offers discounts for defensive driver, 55 and retired, farm vehicle, safe driver, teenSMART discount, and early signing.
• SAFECO includes discounts for homeowner, teen safety rewards, drive less, teen safe driver, accident prevention training, multi-car, and safe driver.
• Farm Bureau offers premium reductions for multi-vehicle, multi-policy, driver training, 55 and retired, good student, renewal discount, and safe driver.
• Progressive offers discounts including multi-policy, good student, multi-vehicle, online signing, homeowner, and continuous coverage.
• AAA may have discounts that include good driver, multi-car, education and occupation, good student, AAA membership discount, anti-theft, and pay-in-full.

Before buying, ask all the companies how you can save money. Some of the discounts discussed earlier might not be offered everywhere.

Statistics and details

The premium information below showcases detailed analysis of insurance prices for Cadillac Escalade models. Being more informed about how insurance rates are calculated can assist in making smart choices when buying a policy.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Rate quotes do not factor in vehicle location which can revise coverage prices significantly.

Policy deductibles

One of the more difficult decisions when buying car insurance is where to set your physical damage deductibles. The following insurance rates can help you understand the costs and benefits when you select higher and lower deductibles. The first rate table uses a $250 deductible for comp and collision and the second data table uses a $1,000 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Rate information does not factor in zip code location which can decrease or increase prices significantly.

Based on the data above, we can derive that using a $250 deductible costs about $24 more each month or $288 a year than selecting the higher $1,000 deductible. Since you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average more than 31 months between claim filings, you would probably be better off by going with a higher deductible.

Bad driving habits will cost you more

The chart below shows how violations and accidents can influence Cadillac Escalade auto insurance rates for different ages of insureds. The premiums are based on a single female driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.

Premiums by gender and age

The chart below shows the comparison of Cadillac Escalade auto insurance rates for male and female drivers. Data assumes no claims or violations, comprehensive and collision coverage, $100 deductibles, single status, and no discounts are applied to the premium.

Should you buy full coverage?

The example below compares Cadillac Escalade annual premium costs when comparing full coverage to state minimum liability only. The premiums are based on no accidents or driving violations, $100 deductibles, drivers are not married, and no discounts are taken into consideration.

When to eliminate full coverage

There isn’t a written rule for eliminating physical damage coverage, but there is a general guideline. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.

For example, let’s assume your Cadillac Escalade replacement value is $3,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would get paid by your company is $2,000 after paying the physical damage deductible. If you are currently paying more than $200 a year for physical damage coverage, then it could be time to drop full coverage.

There are some conditions where only buying liability is not a good idea. If you haven’t paid off your loan, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not opt for liability only.

Insurance quotes from local Madison insurance agencies

Some consumers still like to sit down with an agent and that is a personal choice. Good agents will help you protect your assets and help in the event of a claim. A good thing about comparing insurance online is that you can obtain the lowest rates and still have an agent to talk to. Buying insurance from neighborhood agents is important especially in Madison.

By using this short form, your insurance data gets sent to local insurance agents in Madison that can provide free Madison auto insurance quotes for your coverage. It simplifies rate comparisons since you won’t have to contact any agents as quotes are delivered straight to your inbox. If you want to compare rates from a specific insurance provider, don’t hesitate to search and find their rate quote page and submit a quote form there.

If you want to use a reliable insurance agent, it can be helpful to understand the types of agencies that you can choose from. Insurance agents in Madison can be classified as either independent or exclusive depending on the company they work for. Both types of agents can sell and service insurance coverage, but it’s important to know how they are different since it can affect your agent selection.

Independent Agencies or Brokers

Independent agencies do not sell for just one brand so as a result can place your coverage with any number of different companies depending on which coverage is best. To transfer your coverage to a different company, they simply move your policy to a different company which requires no work on your part. When comparing insurance prices, it’s a good idea to compare quotes from multiple independent agents for the best price selection. Most independent agents also contract with smaller regional carriers that many times have cheaper rates.

Listed below is a partial list of independent agencies in Madison that may be able to give free rate quotes.

• Universal Insurance Agency Corporation
  6709 Raymond Rd – Madison, WI 53719 – (608) 216-7060 – View Map
• Wisconsin Insurance Security Fund
  2820 Walton Cmns W # 135 – Madison, WI 53718 – (608) 242-9473 – View Map
• M3 Insurance
  828 John Nolen Dr – Madison, WI 53713 – (608) 273-0655 – View Map

View more agents

Exclusive Insurance Agencies

Exclusive insurance agents write business for a single company like American Family, State Farm, and Allstate. These agents are not able to provide prices from multiple companies so you need to shop around if the rates are high. Exclusive insurance agents are usually quite knowledgeable in insurance sales which helps offset the inability to provide other markets. Drivers often use the same exclusive agent mainly due to loyalty to the company and strong financial ratings.

Below is a list of exclusive agencies in Madison that can give you price quote information.

• State Farm: Patrick Marsden
  14 N Carroll St – Madison, WI 53703 – (608) 255-4544 – View Map
• American Family Insurance – Josh Erickson Agency LLC
  5530 Eastpark Blvd – Madison, WI 53718 – (608) 241-8444 – View Map
• American Family Insurance – D Webster-Scher Agency Inc.
  637 E Washington Ave – Madison, WI 53703 – (608) 249-3111 – View Map

View more agents

Finding a good auto insurance agent shouldn’t rely on just a cheap quote. These questions are important to ask:

• Which companies do they recommend if they are an independent agency?
• Do clients work directly with the agent or are most inquiries handled by a CSR?
• Which company do they place the most coverage with?
• Do they feel the quoted coverages are adequate?
• Is assistance available after office hours?
• Where would your vehicle be repaired?

Don’t assume everyone needs the same insurance coverage

When choosing coverage, there is no cookie cutter policy. Every situation is different.

Here are some questions about coverages that can help discover if you might need an agent’s assistance.

• Why am I required to buy liability insurance?
• Do I get a pro-rated refund if I cancel my policy early?
• Where can I find high-risk insurance?
• Is my Cadillac Escalade covered if I use it for business?
• Do I pay less for low miles?
• When does my teenage driver need to be added to my policy?
• Why does it cost so much to insure a teen driver in Madison?
• Can my teen drive my company car?
• Why do I only qualify for high-risk insurance?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form. It only takes a few minutes and can provide invaluable advice.

Car insurance does more than just protect your car

Despite the potentially high cost of Cadillac Escalade insurance, paying for car insurance may be required for several reasons.

• Most states have mandatory insurance requirements which means you are required to buy a minimum amount of liability insurance coverage if you don’t want to risk a ticket. In Wisconsin 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.
• If you bought your Cadillac Escalade with a loan, most banks will make it a condition of the loan that you have physical damage coverage to ensure they get paid if you total the vehicle. If the policy lapses, the lender may have to buy a policy to insure your Cadillac for a much higher rate and require you to reimburse them the higher price.
• Car insurance protects your car and your assets. It will also cover medical expenses for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, also covers legal expenses if you are sued as the result of an accident. If damage is caused by hail or an accident, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of buying enough insurance more than offset the price you pay, especially with large liability claims. According to a recent study, the average American driver is overpaying over $820 a year so compare quotes from several companies at every renewal to ensure rates are competitive.

Auto insurance 101

Learning about specific coverages of your policy aids in choosing the right coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered claims include hospital bills for your injuries as well as damage to your Cadillac Escalade.

Since many Wisconsin drivers only carry the minimum required liability limits (which is 25/50/10), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Liability – Liability insurance provides protection from damage or injury you incur to people or other property in an accident. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 25/50/10 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $10,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability insurance covers claims such as medical expenses, medical services, emergency aid and loss of income. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford. Wisconsin state minimum liability requirements are 25/50/10 but drivers should carry better liability coverage.

The next chart demonstrates why buying the state minimum limits may not provide you with enough coverage.

Collision coverage – This coverage pays for damage to your Escalade resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as sustaining damage from a pot hole, damaging your car on a curb and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Another option is to increase the deductible on your Escalade in order to get cheaper collision rates.

Medical expense insurance – Coverage for medical payments and/or PIP kick in for immediate expenses like dental work, rehabilitation expenses and surgery. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers you and your occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Comprehensive (Other than Collision) – Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as hail damage, theft, fire damage and damage from getting keyed. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Best auto insurance company in Wisconsin

Insuring your vehicle with the best auto insurance company is difficult considering how many choices there are in Madison. The company rank data displayed below could help you choose which car insurance companies you want to consider comparing price quotes from.

Top 10 Madison Car Insurance Companies Overall

1. USAA
2. 21st Century
3. GEICO
4. Nationwide
5. AAA Insurance
6. Liberty Mutual
7. Safeco Insurance
8. State Farm
9. Travelers
10. American Family

One last thing to lower rates

In this article, we covered a lot of ways to get a better price on Cadillac Escalade insurance in Madison. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. You may even discover the best price on auto insurance is with an unexpected company.

As you prepare to switch companies, you should never reduce needed coverages to save money. Too many times, an accident victim reduced collision coverage only to regret that it was a big mistake. Your focus should be to find the BEST coverage at a price you can afford, but do not skimp to save money.

Cheap Cadillac Escalade insurance in Madison is available both online and from local insurance agents, so you need to quote Madison auto insurance with both in order to have the best chance of saving money. Some insurance companies may not have online price quotes and these smaller providers work with independent agencies.

For more information, link through to the following helpful articles:

• Neck Injury FAQ (iihs.org)
• Understanding Rental Car Insurance (Insurance Information Institute)
• Distracted Driving Statistics (Insurance Information Institute)
• Comprehensive Coverage (Liberty Mutual)