Are you intimidated by the crazy number of insurance companies in your area? Lot’s of other people are too. There are so many companies to choose from that it can really be hard work to find a cheaper company. Oakland has many things to offer, but high insurance rates makes it very hard to meet other financial obligations.
Steps to finding affordable Cadillac Escalade insurance in Oakland
The best way we recommend to save money on auto insurance rates in Oakland is to compare prices regularly from insurers who can sell car insurance in California.
- First, get an understanding of how companies set rates and the steps you can take to prevent high rates. Many things that result in higher rates such as your driving record and a lousy credit rating can be controlled by making minor driving habit or lifestyle changes. This article provides tips to get better rates and find overlooked discounts.
- Second, compare prices from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can give quotes from one company like Progressive or Farmers Insurance, while independent agents can give you price quotes from multiple insurance companies.
- Third, compare the new rate quotes to your current policy to see if cheaper Escalade coverage is available in Oakland. If you find a lower rate quote and switch companies, make sure coverage is continuous and does not lapse.
- Fourth, tell your current agent or company of your intention to cancel your current auto insurance policy and submit a down payment and signed policy application for the new policy. As soon as you can, place the new certificate verifying coverage with your registration paperwork.
One thing to remember is to use the same amount of coverage on every price quote and to quote with as many companies as feasibly possible. Doing this provides a fair price comparison and a complete price analysis.
Unimaginable but true, most California insurance customers kept their policy with the same company for four years or more, and 38% of customers have never even compared quotes to find cheaper rates. Drivers in the U.S. could save themselves as much as 46.5% a year by just shopping around, but they don’t understand how simple it is to save money by comparing rate quotes.
You should take the time to get comparison quotes quite often due to the fact that insurance prices are rarely the same from one policy term to another. If you had the lowest price on Cadillac Escalade insurance in Oakland a year ago you can probably find a better rate quote now. Block out anything you think you know about insurance because you’re going to learn the best methods to find lower rates on insurance.
When comparison shopping, there are several ways to compare rate quotes from different Oakland insurance companies. The recommended way to do a complete rate comparison is to perform an online rate comparison.
When quoting auto insurance, remember that quoting more helps improve the odds of finding more affordable rates. Some regional insurers cannot provide online price quotes, so it’s important to also get quotes from the smaller companies as well.
The providers in the list below are our best choices to provide comparison quotes in California. If you want to find the best cheap auto insurance in Oakland, it’s highly recommended you visit two to three different companies to find the most competitive car insurance rates.
Cadillac Escalade detailed coverage information
The price information shown below outlines detailed analysis of insurance rates for Cadillac Escalade models. Having insight into how rates are determined is important for you to make decisions when shopping your coverage around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escalade 2WD | $406 | $774 | $520 | $30 | $156 | $1,886 | $157 |
| Escalade Luxury Edition 2WD | $406 | $774 | $520 | $30 | $156 | $1,886 | $157 |
| Escalade 4WD | $406 | $774 | $520 | $30 | $156 | $1,886 | $157 |
| Escalade Premium Edition 4WD | $444 | $774 | $520 | $30 | $156 | $1,924 | $160 |
| Escalade Luxury Edition 4WD | $444 | $774 | $520 | $30 | $156 | $1,924 | $160 |
| Escalade Premium Edition 2WD | $444 | $774 | $520 | $30 | $156 | $1,924 | $160 |
| Escalade Hybrid 2WD | $444 | $976 | $470 | $28 | $140 | $2,058 | $172 |
| Escalade Hybrid 4WD | $444 | $976 | $470 | $28 | $140 | $2,058 | $172 |
| Escalade Platinum Edition 2WD | $444 | $874 | $520 | $30 | $156 | $2,024 | $169 |
| Escalade Platinum Edition 4WD | $444 | $874 | $520 | $30 | $156 | $2,024 | $169 |
| Escalade Hybrid Platinum 2WD | $482 | $1078 | $470 | $28 | $140 | $2,198 | $183 |
| Escalade Hybrid Platinum 4WD | $482 | $1078 | $470 | $28 | $140 | $2,198 | $183 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Rate information does not factor in specific location which can raise or lower rates noticeably.
Where to set your deductibles
One of the most common auto insurance questions is which deductibles should you choose. The data tables below illustrate the rate differences when you choose different coverage deductibles. The first data set uses a $100 deductible for comprehensive and collision coverage and the second pricing table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escalade 2WD | $528 | $932 | $552 | $32 | $166 | $2,235 | $186 |
| Escalade Luxury Edition 2WD | $528 | $932 | $552 | $32 | $166 | $2,235 | $186 |
| Escalade 4WD | $528 | $932 | $552 | $32 | $166 | $2,235 | $186 |
| Escalade Premium Edition 4WD | $576 | $932 | $552 | $32 | $166 | $2,283 | $190 |
| Escalade Luxury Edition 4WD | $576 | $932 | $552 | $32 | $166 | $2,283 | $190 |
| Escalade Premium Edition 2WD | $576 | $932 | $552 | $32 | $166 | $2,283 | $190 |
| Escalade Hybrid 2WD | $576 | $1176 | $500 | $30 | $150 | $2,457 | $205 |
| Escalade Hybrid 4WD | $576 | $1176 | $500 | $30 | $150 | $2,457 | $205 |
| Escalade Platinum Edition 2WD | $576 | $1054 | $552 | $32 | $166 | $2,405 | $200 |
| Escalade Platinum Edition 4WD | $576 | $1054 | $552 | $32 | $166 | $2,405 | $200 |
| Escalade Hybrid Platinum 2WD | $624 | $1298 | $500 | $30 | $150 | $2,627 | $219 |
| Escalade Hybrid Platinum 4WD | $624 | $1298 | $500 | $30 | $150 | $2,627 | $219 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escalade 2WD | $384 | $630 | $552 | $32 | $166 | $1,764 | $147 |
| Escalade Luxury Edition 2WD | $384 | $630 | $552 | $32 | $166 | $1,764 | $147 |
| Escalade 4WD | $384 | $630 | $552 | $32 | $166 | $1,764 | $147 |
| Escalade Premium Edition 4WD | $420 | $630 | $552 | $32 | $166 | $1,800 | $150 |
| Escalade Luxury Edition 4WD | $420 | $630 | $552 | $32 | $166 | $1,800 | $150 |
| Escalade Premium Edition 2WD | $420 | $630 | $552 | $32 | $166 | $1,800 | $150 |
| Escalade Hybrid 2WD | $420 | $794 | $500 | $30 | $150 | $1,894 | $158 |
| Escalade Hybrid 4WD | $420 | $794 | $500 | $30 | $150 | $1,894 | $158 |
| Escalade Platinum Edition 2WD | $420 | $712 | $552 | $32 | $166 | $1,882 | $157 |
| Escalade Platinum Edition 4WD | $420 | $712 | $552 | $32 | $166 | $1,882 | $157 |
| Escalade Hybrid Platinum 2WD | $456 | $878 | $500 | $30 | $150 | $2,014 | $168 |
| Escalade Hybrid Platinum 4WD | $456 | $878 | $500 | $30 | $150 | $2,014 | $168 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Information does not factor in your specific Oakland location which can change insurance rates substantially.
Based on the data above, we can derive that using a $100 deductible would cost the average driver about $43 more each month or $516 for a full year across all Cadillac Escalade models than buying the higher $500 deductible. Because you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you have at least 9 months between claim filings, you would come out ahead if you decide on a higher deductible. Here is the way you can make your own decision.
| Average monthly premium for $100 deductibles: | $198 |
| Average monthly premium for $500 deductibles (subtract): | – $155 |
| Monthly savings from raising deductible: | $43 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $43 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 9 months |
One thing to note is that a higher deductible means you will have to pay more out-of-pocket when you have a claim. You need some extra savings in the event you need to pay the higher deductible.
The example below highlights how deductible selection and can impact Cadillac Escalade insurance rates for each different age category. The premiums assume a single female driver, comprehensive and collision coverage, and no discounts are taken into consideration.
Difference between full coverage and liability only rates
The illustration below illustrates the difference between Cadillac Escalade insurance rates with liability coverage only compared to full coverage. The premiums are based on no accidents, no driving violations, $1,000 deductibles, marital status is single, and no discounts are factored in.
Should you pay for full coverage or liability only?
There is no definitive rule for dropping comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is 10% or more of replacement cost minus your deductible, then it may be the right time to buy liability only.
For example, let’s pretend your Cadillac Escalade claim settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $4,000 after paying your deductible. If you are paying in excess of $400 a year for physical damage coverage, the it may be a good time to stop paying for full coverage.
There are a few cases where dropping physical damage coverage is not advised. If you still owe money on your vehicle, you have to carry full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not buy liability only.
Cheaper rates by taking advantage of discounts
Auto insurance is not inexpensive, but you might be missing out on some discounts that can dramatically reduce your bill. Larger premium reductions will be automatically applied when you quote, but a few must be asked about prior to receiving the credit.
- Accident Forgiveness Coverage – This one isn’t a discount, but companies like GEICO and Allstate may permit one accident before raising your premiums if your claims history is clear prior to the accident.
- Discount for Life Insurance – Larger insurance companies have better prices if you take out a life policy as well.
- No Claim Discounts – Insureds with no claims or accidents can save substantially when compared with drivers with a long claim history.
- Save with a New Car – Insuring a vehicle that is new can save up to 30% compared to insuring an older model.
- Oakland Homeowners Discount – Owning a home in Oakland may earn you a small savings because maintaining a house shows financial diligence.
- Drivers Education – Reduce the cost of insurance for teen drivers by having them enroll and complete driver’s education in school or through a local driver safety program.
- Discounts for Safe Drivers – Drivers without accidents could pay up to 40% less than drivers with accident claims.
As a sidenote, most discount credits are not given to all coverage premiums. A few only apply to individual premiums such as comp or med pay. So even though it sounds like you would end up receiving a 100% discount, it doesn’t quite work that way. But any discount should help lower the amount you have to pay.
The diagram below compares Cadillac Escalade auto insurance costs with and without some available policy discounts. The rates are based on a male driver, no violations or accidents, California state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, homeowner, marriage, multi-policy, and multi-car discounts applied.
To locate insurance companies with significant discounts in Oakland, click this link.
Why auto insurance is not optional
Despite the fact that auto insurance is not cheap in Oakland, insurance is required in California but also provides important benefits.
- Almost all states have compulsory liability insurance requirements which means the state requires specific limits of liability coverage in order to drive the car. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you bought your Escalade with a loan, almost all lenders will require you to buy full coverage to ensure they get paid if you total the vehicle. If the policy lapses, the bank may buy a policy for your Cadillac at a much higher rate and require you to fork over the higher price.
- Auto insurance protects both your assets and your vehicle. It will also cover many types of medical costs incurred in an accident. One policy coverage, liability insurance, will also pay attorney fees if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of having insurance more than cancel out the cost, specifically if you ever have a liability claim. Today the average American driver overpays more than $830 a year so you should quote your policy with other companies every year to be sure current rates are still competitive.
Do I need an insurance agent?
Many drivers still prefer to talk to an insurance agent and doing that can be a smart decision One of the best bonuses of price shopping on the web is that drivers can save money and get the lowest rates and still choose a local agent.
After completing this form (opens in new window), the quote information is emailed to agents in your area who will give you quotes for your insurance coverage. You don’t have to leave your computer since price quotes are sent directly to you. You can find lower rates without a big time investment. If you have a need to compare prices from a particular provider, don’t hesitate to visit that company’s website and fill out their quote form.
Choosing the best insurance company is decision based upon more than just a cheap quote. These are valid questions to ask:
- Does the company have a solid financial rating?
- Which companies do they recommend if they are an independent agency?
- Do they reduce claim amounts on high mileage vehicles?
- When do they do policy reviews?
- Do they write coverage based solely on cost?
- Does the agent help file claims?
- Are they able to provide referrals?
Exclusive agents vs. Independent agents
If you are searching for a reliable agent, it can be helpful to understand the different types of agencies and how they work. Insurance policy providers can be categorized as either exclusive or independent.
Exclusive Insurance Agents
Agents of this type have only one company to place business with and some examples include State Farm, Allstate and AAA. These agents are not able to compare other company’s rates so they have to upsell other benefits. Exclusive insurance agents are very knowledgeable in insurance sales which helps them compete with independent agents. Some insured continue to buy from exclusive agents mostly because of the brand legacy and solid financial strength.
Shown below is a short list of exclusive agencies in Oakland who may provide you with comparison quotes.
- State Farm: Julie La
3800 Park Blvd #200 – Oakland, CA 94602 – (510) 550-9775 – View Map - Kristen Law – State Farm Insurance Agent
3940 High St c – Oakland, CA 94619 – (510) 530-3200 – View Map - Farmers Insurance: Howard Ruud
5956 MacArthur Blvd – Oakland, CA 94605 – (510) 635-0608 – View Map
Independent Agents
Agents that elect to be independent do not sell for just one brand and that is an advantage because they can write policies with many different companies and help determine which has the cheapest rates. If premiums increase, they simply move your policy to a different company which requires no work on your part. When searching for an agent, you need to get quotes from at least one independent agent to have the best price comparison. A lot of them also have access to small mutual carriers that may have much lower rates than larger companies.
Below are Oakland independent agents willing to provide rate quotes.
- Susan Bernosky – Strahan Ins Services Inc
5940 College Ave a – Oakland, CA 94618 – (510) 450-9051 – View Map - Cook Disharoon and Greathouse Insurance Brokers
1942 Embarcadero – Oakland, CA 94606 – (510) 437-1900 – View Map - Links Insurance Services
1155 3rd St # 220 – Oakland, CA 94607 – (925) 361-5185 – View Map