How Much Does 2002 Acura RL Insurance Cost?

Comparison shopping for insurance coverage is challenging for consumers not familiar with comparison shopping online. People have so many options available that it can be a real challenge to locate the lowest price.

Verify you’re getting all your discounts

Insurance can cost an arm and a leg, but you can get discounts to help offset the cost. Some discounts apply automatically at the time of purchase, but some may not be applied and must be specifically requested prior to receiving the credit.

  • Fewer Miles Equal More Savings – Low mileage vehicles can earn lower rates on the low mileage vehicles.
  • Anti-lock Brake System – Anti-lock brake equipped vehicles prevent accidents and qualify for as much as a 10% discount.
  • Memberships – Affiliation with a qualifying organization is a good way to get lower rates on your policy on RL coverage.
  • Driver Safety – Successfully completing a course in driver safety could cut 5% off your bill and easily recoup the cost of the course.
  • Life Insurance Discount – Some companies give lower rates if you buy life insurance from them.
  • Discounts for Safe Drivers – Safe drivers can pay as much as 50% less on RL coverage than less cautious drivers.
  • Claim Free – Claim-free drivers can save substantially compared to drivers who are more careless.

Consumers should know that most discount credits are not given the the whole policy. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though they make it sound like you would end up receiving a 100% discount, it doesn’t quite work that way. Any amount of discount will help reduce your overall premium however.

To see a list of insurance companies offering insurance discounts, click here.

Insurance Coverage Prices

There are a variety of methods you can shop for 2002 Acura RL insurance coverage but there is one way that is more efficient than others. You could spend the better part of a day discussing policy coverages with insurance agencies in your area, or you can utilize online quotes to accomplish the same thing much quicker.

Most car insurance companies participate in a marketplace that enables customers to submit their information once, and each participating company can provide price quotes determined by their information. This system prevents you from having to do form submissions to each individual insurance coverage company.

To access this free quoting program, click here to open in new window.

The one disadvantage to pricing coverage this way is that consumers can’t choose the providers you will receive quotes from. So if you want to select specific insurance companies to request quotes from, we have a page of insurance coverage companies in your area. Click to view list.

It’s your choice how you get your quotes, but make absolute certain that you use identical information for every company. If the quotes have mixed coverages it will be very difficult to decipher which rate is best. Just a small difference in coverages may cause a big price difference. And when price shopping your coverage, quoting more gives you a better chance of getting a lower rate.

Why your Acura RL might be costing you more

It’s important that you understand some of the elements that come into play when calculating your car insurance rates. Knowing what impacts premium levels allows you to make educated decisions that will entitle you to much lower annual insurance costs.

The list below includes a partial list of the pieces companies use to determine prices.

  • Safer cars cost less to insure – Cars with high safety ratings get lower rates. Safe vehicles protect occupants better and fewer injuries translates into savings for insurance companies and more competitive rates for policyholders. If your Acura RL has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
  • Older drivers save more – More mature drivers are more responsible, statistically cause fewer accidents and tend to be better behind the wheel. Young drivers tend to be less responsible when driving therefore car insurance rates are much higher.
  • You might want pay the small claims yourself – If you are a frequent claim filer, you can look forward to higher rates. Companies provide discounts to insureds who file claims infrequently. Insurance coverage is intended for larger claims.
  • Theft deterrents lower rates – Driving a car with an alarm system can help lower your rates. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder your vehicle from being stolen.
  • How many coverages with the same company – Most companies will give a discount to policyholders who have multiple policies with them. It’s known as a multi-policy discount. Discounts can amount to anywhere from five to ten percent in most cases. If you currently are using one company, it’s still a good idea to shop around to verify if the discount is saving money. You may still be able to find a better deal by buying car insurance from a different company.
  • Where you live – Choosing to live in a small town can be a good thing when buying car insurance. Fewer people translates into fewer accidents. Drivers in populated areas tend to have much more traffic to deal with and longer commute times. Longer commute distances means higher likelihood of an accident.
  • Careful drivers pay lower rates – Drivers with clean records get better rates than bad drivers. Just one citation may increase your cost twenty percent or more. Drivers with serious tickets like hit and run, DWI or reckless driving convictions are required to file a SR-22 to the state department of motor vehicles in order to continue driving.
  • Sex matters – The statistics show women tend to be less risk to insure than men. That doesn’t necessarily mean that men are WORSE drivers than women. Women and men tend to get into accidents at a similar rate, but the male of the species cause more damage. Men also tend to get cited for more serious violations such as DWI and reckless driving. Young males tend to get in the most accidents and therefore have the most expensive car insurance rates.

When should I talk to an agent?

When it comes to buying the best insurance coverage coverage for your vehicles, there really is not a cookie cutter policy. Every insured’s situation is different.

These are some specific questions can help discover if you would benefit from professional advice.

  • When does my teenage driver need to be added to my policy?
  • What if I owe more than I can insure my car for?
  • Can I rate high risk drivers on liability-only vehicles?
  • Do I need roadside assistance coverage?
  • Does medical payments coverage apply to all occupants?
  • Does insurance cover tools stolen from my truck?
  • Is my nanny covered when driving my vehicle?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • What can I do if my company denied a claim?

If you can’t answer these questions then you might want to talk to a licensed agent. If you want to speak to an agent in your area, complete this form.

Auto insurance coverages

Knowing the specifics of a auto insurance policy can be of help when determining the best coverages and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.

Auto liability – This coverage provides protection from injuries or damage you cause to other people or property that is your fault. This insurance protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Another option is a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability insurance covers claims such as pain and suffering, medical expenses, legal defense fees, structural damage and attorney fees. How much coverage you buy is a decision to put some thought into, but you should buy higher limits if possible.

Collision coverages – This pays for damage to your RL from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as rolling your car, hitting a mailbox, crashing into a ditch, sideswiping another vehicle and backing into a parked car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision – This covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as falling objects, theft and rock chips in glass. The maximum amount a auto insurance company will pay at claim time 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.

UM/UIM Coverage – This provides protection from other motorists when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Acura RL.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Frequently these limits are set the same as your liablity limits.

Medical costs insurance – Med pay and PIP coverage pay for expenses such as dental work, rehabilitation expenses and ambulance fees. The coverages can be utilized in addition to your health insurance plan or if there is no health insurance coverage. It covers all vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Take this to the bank

You just read a lot of tips how to get a better price on 2002 Acura RL insurance. The most important thing to understand is the more companies you get rates for, the better chance you’ll have of finding lower rates. You may be surprised to find that the lowest priced auto insurance comes from the least-expected company.

When buying insurance coverage, it’s not a good idea to reduce needed coverages to save money. There have been many situations where someone dropped collision coverage only to regret at claim time that the few dollars in savings costed them thousands. Your focus should be to purchase plenty of coverage at an affordable rate while not skimping on critical coverages.

Insureds change insurance companies for many reasons like poor customer service, an unsatisfactory settlement offer, questionable increases in premium and even lack of trust in their agent. Whatever your reason, finding a new auto insurance company is not as difficult as it may seem.

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