Feel like you’re a prisoner to an overpriced car insurance policy? Trust us, you’re not the only one. You have multiple car insurance companies to purchase coverage from, and even though it’s nice to have a selection, it can be more difficult to find the best rates for your vehicles.
The purpose of this post is to let you in on the best way to quote coverages and some tips to save money. If you currently have a car insurance policy, you stand a good chance to be able to lower your premiums substantially using these methods. Drivers just need to understand the proper way to compare prices on the web.
Acura 2.5TL rates are in the details
Smart consumers have a good feel for some of the elements that go into determining car insurance rates. Understanding what influences your rates helps enable you to make changes that can help you get lower car insurance prices.
Listed below are a partial list of the pieces that factor into your rates.
- Men pay higher rates – Statistics have proven that men are more aggressive behind the wheel. However, don’t assume that men are WORSE drivers than women. Women and men are in accidents in similar percentages, but the males cause more damage and cost insurance companies more money. They also get cited for more serious violations like DUI and reckless driving.
- Discounts for multiple policies – Some car insurance companies give discounts to people who buy several policies from them. It’s known as a multi-policy discount. Discounts can be ten or even up to twenty percent in some cases. Even with this discount, you may still want to compare rates to confirm you are receiving the best rates possible. Drivers may still find a better deal by splitting coverages up.
- How’s your driving record? – Only having one moving violation can increase rates twenty percent or more. Good drivers have lower premiums compared to drivers with tickets. Drivers with flagrant tickets like DWI, reckless driving or hit and run convictions are required to submit a SR-22 form with the DMV in their state in order to keep their license.
- Your job and insurance rates – Did you know your job can affect your rates? Careers like doctors, architects and accountants are shown to have higher rates than average in part from job stress and long work days. On the flip side, occupations such as pilots, athletes and performers pay the least on 2.5TL insurance.
- Being married can save on car insurance – Being married can actually save you money when buying car insurance. Having a significant other means you’re more mature and responsible it has been statistically shown that drivers who are married are more cautious.
- Lower rates with optional equipment – Purchasing a vehicle with anti-theft technology or alarm system can get you a discount on your car insurance. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping auto theft.
- Older drivers pay less – Youthful drivers are known to get distracted easily behind the wheel so they pay higher car insurance rates. If you’ve ever had to add a young driver to your policy can be very expensive. Older drivers are more responsible, statistically cause fewer accidents and are safer drivers.
- Lower miles equals lower premium – The more miles you rack up on your Acura every year the more you’ll pay to insure your vehicle. Most companies price each vehicle’s coverage based on how the vehicle is used. Cars not used for work or commuting qualify for better rates than vehicles that are driven to work every day. Ask your agent if your car insurance policy is showing how each vehicle is driven. Incorrect usage on your 2.5TL can cost quite a bit.
Companies offer discounts so take them!
Insuring your vehicles can cost a lot, but discounts can save money and there are some available that can drop the cost substantially. Some discounts apply automatically when you get a quote, but some may not be applied and must be requested specifically prior to receiving the credit. If you don’t get every credit you deserve, you are throwing money away.
- Anti-lock Brake System – Anti-lock brake equipped vehicles prevent accidents and earn discounts up to 10%.
- Safety Course Discount – Completing a course teaching defensive driving skills can save you 5% or more if you qualify.
- Discount for Life Insurance – Larger companies have a discount if you purchase a life insurance policy as well.
- Memberships – Participating in certain professional organizations could trigger savings when buying car insurance on 2.5TL insurance.
- No Charge for an Accident – Certain companies will allow you to have one accident before raising your premiums as long as you don’t have any claims for a certain period of time.
- Homeowners Pay Less – Owning a home can save you money because owning a home is proof that your finances are in order.
- Drive Safe and Save – Insureds without accidents may receive a discount up to 45% less on 2.5TL insurance than drivers with accident claims.
As a disclaimer on discounts, some of the credits will not apply to all coverage premiums. Some only apply to specific coverage prices like comprehensive or collision. So when the math indicates you would end up receiving a 100% discount, you’re out of luck. Any amount of discount will cut the cost of coverage.
For a list of companies with discount car insurance rates, click here to view.
Do car insurance companies bend the truth?
Consumers constantly see and hear ads for the lowest price auto insurance by companies like Progressive, Allstate and GEICO. All the ads make an identical promise of big savings after switching to them.
How do they all claim to save you money?
All companies are able to cherry pick for the right customer that is profitable for them. For instance, a preferred risk could be between 25 and 40, has no tickets, and has great credit. A customer getting a price quote who meets those qualifications receives the best rates and therefore will save quite a bit of money when switching.
Potential customers who don’t qualify for the “perfect” profile will be charged a higher premium which usually ends up with business not being written. The ads say “drivers who switch” not “people who quote” save that kind of money. This is how insurance companies can state the savings.
That is why drivers should quote coverage with many companies. Because you never know the company that will provide you with the cheapest rates.
Do I just need basic coverages?
When it comes to choosing the right insurance coverage for your personal vehicles, there really is not a perfect coverage plan. Everyone’s situation is a little different so your insurance needs to address that. For example, these questions can help discover whether you might need an agent’s assistance.
- Do I have coverage when pulling a U-Haul trailer?
- Can my teen driver be rated on a liability-only vehicle?
- Can I afford to pay high deductible claims out of pocket?
- Does coverage extend to a rental car in a foreign country?
- When would I need additional glass coverage?
- Is my cargo covered for damage or theft?
If you don’t know the answers to these questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.
More quotes mean more savings
Budget-conscious Acura 2.5TL insurance can be found from both online companies in addition to many insurance agents, and you should compare price quotes from both to get a complete price analysis. There are still a few companies who do not provide online quoting and usually these small, regional companies provide coverage only through local independent agents.
You just read a lot of tips how to lower your Acura 2.5TL insurance rates. The most important thing to understand is the more times you quote, the better likelihood of reducing your rate. You may even find the most savings is with a lesser-known regional company. Regional companies may often insure only within specific states and give getter rates as compared to the big name companies such as State Farm and Allstate.
