Are you tired of robbing Peter to pay Paul each month for car insurance? You are in the same boat as the majority of other car owners.
Many auto insurance companies vie for your insurance dollar, so it can be very hard to choose a insurance company and get the definite best rate
Acura 3.0CL premiums are determined by many factors
Consumers need to have an understanding of the factors that help determine the rates you pay for auto insurance. Knowing what controls the rates you pay enables informed choices that will entitle you to lower auto insurance prices.
The following are a few of the “ingredients” auto insurance companies consider when setting prices.
- Don’t skimp on liability – Liability coverage provides coverage if you are found liable for causing damage or personal injury in an accident. Liability provides legal defense which can be incredibly expensive. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so buy as much as you can afford.
- With age comes lower rates – Youthful drivers are statistically proven to get distracted easily behind the wheel so auto insurance rates are higher. Adding a teenage driver onto a policy can break the bank. Older drivers are more responsible, tend to file fewer claims and receive fewer citations.
- Occupation reflects on rates – Occupations like judges, architects and accountants tend to have higher rates than average due to job stress and long work hours. On the flip side, occupations like scientists, athletes and retirees receive lower rates on 3.0CL coverage.
- Bump up deductibles to save – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your Acura from damage. A few examples of covered claims would be a windshield shattered by a rock, damage caused by hail, or theft. Your deductibles are the amount of money you are required to spend if you file a covered claim. The more money you have to pay, the bigger discount you will receive on 3.0CL coverage.
- Sex matters – Statistics demonstrate women are more cautious behind the wheel. However, don’t assume that women are better drivers. Men and women tend to get into accidents at about the same rate, but men cause more damage and cost insurance companies more money. Men also get cited for more serious violations like reckless driving and DUI.
- Equipment add-ons that lower auto insurance rates – Choosing a vehicle that has an advanced theft prevention system can save you a little every year. Theft prevention devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart your car from being stolen.
- Discounts for multiple policies – Most companies provide better rates to people who carry more than one policy such as combining an auto and homeowners policy. This can amount to anywhere from five to ten percent in most cases. Even with this discount, you still need to compare other company rates to ensure the best deal.
Discounts are great for lower rates
Insurance can cost an arm and a leg, buy you may qualify for discounts that you may not know about. Certain discounts will be applied when you get a quote, but lesser-known reductions have to be requested specifically in order for you to get them.
- Homeowners Pay Less – Being a homeowner may earn you a small savings because owning a home is proof that your finances are in order.
- Payment Discounts – By paying your policy upfront instead of paying each month you could save 5% or more.
- Discount for Life Insurance – Larger companies have a break if you buy life insurance from them.
- No Charge for an Accident – Some insurance companies allow you one accident without raising rates if your claims history is clear for a particular time prior to the accident.
- Safe Driver Discount – Safe drivers may save up to 50% more on 3.0CL coverage than their less cautious counterparts.
- Discount for New Cars – Adding a new car to your policy can cost up to 25% less due to better safety requirements for new cars.
A little note about advertised discounts, most of the big mark downs will not be given to the entire policy premium. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. So when it seems like having all the discounts means you get insurance for free, you won’t be that lucky. But all discounts will cut your premiums.
To choose companies with the best auto insurance discounts, click here.
Do I need a local agent?
Some consumers prefer to talk to a local agent. The best thing about getting online price quotes is you may find lower rates but also keep your business local. And providing support for local insurance agencies is especially important in small towns and cities.
Upon completion of this quick form, the quote information is instantly submitted to companies who will give you bids for your coverage. You never need to visit any agencies because quoted prices will be sent to your email. How’s that for easy! You can find better rates without the usual hassles of price shopping.
The difference between car insurance agents
When researching an insurance agent, you need to know there are two types of insurance agents to choose from. agents are categorized either independent or captive.
Independent Agents
Independent insurance agents are not employed by any specific company so they can insure your vehicles amongst many companies depending on which coverage is best. To transfer your coverage to a different company, your agent can switch companies and you don’t have to find a new agent.
When comparing rates, it’s a good idea to include price quotes from at a minimum one independent agency to ensure the widest selection of prices.
Captive Insurance Agents
Captive agencies can only write with one company and examples are Liberty Mutual, Allstate, Farmers Insurance or State Farm. They generally cannot shop your coverage around so keep that in mind. These agents are usually quite knowledgeable on the products they sell which can be an advantage.
To view a complete directory of agents, visit this site.
Deciding on an auto insurance agent should depend on more than just the price. These questions are important to ask:
- What is the agency’s Better Business Bureau rating?
- Are they able to influence company decisions when a claim is filed?
- If you have an accident, will your rates go up?
- How long has their agency been in business?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- How long have they worked with personal auto insurance coverage?
- Do they review policy coverages at every renewal?
- Are there any discounts that you might be missing?
After receiving satisfactory answers to any questions you have and a low price estimate, you have narrowed it down to an auto insurance agent that is a good match to provide auto insurance coverage.
The fine print in auto insurance ads
Allstate, GEICO and Progressive consistently run ads in print and on television. All the companies say the same thing that you can save if you change your policy. How do they all make the same claim?
Different companies are able to cherry pick for the driver they prefer to insure. A good example of a preferred risk could be a mature driver, a clean driving record, and drives less than 10,000 miles a year. Any new insured who matches those parameters gets the lowest rates and therefore will save a lot of money.
Potential customers who don’t meet these standards will be quoted higher prices and this can result in the customer not buying. Company advertisements say “customers that switch” not “everyone that quotes” save that much. This is how companies can state the savings.
This emphasizes why it’s extremely important to compare as many rates as you can. It’s just too difficult to predict which insurance companies will give you the biggest savings.
Buy online or local, you save
While you’re price shopping online, make sure you don’t reduce coverage to reduce premium. In many instances, an insured dropped collision coverage to discover at claim time that the savings was not a smart move. The aim is to buy the best coverage you can find for the lowest price.
Cheap Acura 3.0CL insurance can be bought from both online companies in addition to many insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance providers do not provide online price quotes and most of the time these small, regional companies sell through independent agents.
You just read some good ideas how you can shop for Acura 3.0CL insurance online. It’s most important to understand that the more price quotes you have, the better likelihood of reducing your rate. You may even discover the lowest rates come from an unexpected company. Smaller companies may often insure only within specific states and give getter rates compared to the large companies like Progressive or GEICO.
