Want cheaper insurance rates for your Acura MDX? No one in their right mind likes having to buy insurance, especially knowing their premiums are too high.
Companies like State Farm, Geico and Farmers Insurance continually bombard you with catchy ads and it can be hard to ignore the promise of big savings and take the time to shop coverage around.
If you have car insurance now, you will most likely be able to cut costs considerably using these techniques. Finding affordable coverage is quite easy. Nevertheless, vehicle owners should learn the way insurance companies price online insurance and take advantage of how the system works.
Smart consumers have a good feel for the rating factors that go into determining the rates you pay for auto insurance. Knowing what controls the rates you pay enables informed choices that could result in big savings.
Listed below are some of the factors auto insurance companies consider when setting premiums.
Car insurance companies don’t necessarily list all available discounts in a way that’s easy to find, so we researched some of the more common and the harder-to-find discounts you could be receiving.
Drivers should understand that most discount credits are not given to your bottom line cost. A few only apply to the price of certain insurance coverages like comp or med pay. So despite the fact that it appears all those discounts means the company will pay you, it just doesn’t work that way.
For a list of providers who offer auto insurance discounts, click here to view.
Insurance providers like Allstate, Geico and Progressive regularly use ads on television and other media. They all have a common claim that you can save if you move to their company. How does each company claim to save you money? It’s all in the numbers.
All the different companies can use profiling for the right customer they prefer to insure. For instance, a desirable insured might be profiled as a mature driver, insures multiple vehicles, and has a high credit rating. A propective insured that hits that “sweet spot” receives the best rates and therefore will save a lot of money.
Potential customers who don’t qualify for these standards must pay higher prices which leads to the customer not buying. The ads say “people who switch” but not “drivers who get quotes” save that much. This is how companies can claim big savings. This illustrates why you should get as many comparisons as possible. You cannot predict which insurance companies will fit your personal profile best.
When choosing adequate coverage for your vehicles, there is no best way to insure your cars. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions may help highlight whether your personal situation might need professional guidance.
If you can’t answer these questions, you might consider talking to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of auto insurance companies in your area.
Understanding the coverages of your policy aids in choosing the best coverages for your vehicles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. These are the normal coverages offered by insurance companies.
Comprehensive (Other than Collision)
Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims such as damage from a tornado or hurricane, vandalism, hitting a bird, hitting a deer and damage from flooding. The most your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.
Collision coverage protection
Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.
Collision insurance covers claims like colliding with another moving vehicle, hitting a mailbox, hitting a parking meter and colliding with a tree. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. You can also choose a higher deductible to get cheaper collision coverage.
Medical expense insurance
Medical payments and Personal Injury Protection insurance reimburse you for expenses for prosthetic devices, surgery, rehabilitation expenses and nursing services. The coverages can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage
Liability insurance
Liability coverage protects you from damage or injury you incur to people or other property by causing an accident. This insurance protects YOU from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.
Liability can pay for claims like pain and suffering, legal defense fees and repair costs for stationary objects. How much coverage you buy is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.
Protection from uninsured/underinsured drivers
This coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your 2010 Acura MDX.
Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.
As you shop your coverage around, make sure you don’t skimp on coverage in order to save money. There have been many situations where an insured cut liability coverage limits and discovered at claim time that the savings was not a smart move. Your goal should be to purchase plenty of coverage for the lowest price.
In this article, we covered a lot of ways to lower your 2010 Acura MDX insurance rates. The key thing to remember is the more price quotes you have, the better chance you’ll have of finding lower rates. Drivers may discover the best prices are with a smaller regional carrier. They may only write in your state and offer lower rates than the large multi-state companies such as Geico and State Farm.
Additional insurance coverage information is available at the links below