Save Money on Acura MDX Insurance in Tampa

Shockingly, nearly 70% of drivers have been with the same company for well over three years, and nearly the majority have never even shopped around for affordable coverage. Florida drivers could save approximately 55% each year, but they assume it’s a waste of time to compare rates.

If you want to find the absolute lowest rates, then the best way to find low-cost prices for car insurance rates is to make a habit of regularly comparing prices from companies who provide car insurance in Tampa. You can compare prices by following these steps.

• First, read about how auto insurance works and the things you can control to prevent expensive coverage. Many factors that are responsible for high rates like accidents, traffic tickets, and an unacceptable credit score can be controlled by being financially responsible and driving safely.
• Second, compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only quote rates from one company like GEICO or State Farm, while agents who are independent can quote prices for a wide range of insurance providers.
• Third, compare the new quotes to your existing coverage and determine if cheaper MDX coverage is available in Tampa. If you find a better price, ensure there is no coverage lapse between policies.
• Fourth, notify your agent or company to cancel your current auto insurance policy and submit payment and a completed application to your new insurance company. Once the paperwork is finalized, keep your new certificate verifying coverage in an accessible location in your vehicle.

One important bit of advice is to make sure you’re comparing identical limits and deductibles on each quote and and to compare as many car insurance companies as possible. Doing this provides an apples-to-apples comparison and the best rate selection.

If you are already insured, you will definitely be able to get lower rates using the concepts you’re about to learn. Locating the most cost-effective car insurance policy in Tampa is much easier if you know where to start. But Florida car owners must comprehend how the larger insurance companies sell insurance online and use this information to your advantage.

When comparison shopping, there are several ways of comparing rate quotes from local Tampa car insurance companies. The simplest method to find affordable Acura MDX insurance rates is simply to get online rate quotes.

It’s so fast and easy to compare quotes online that it makes it a waste of time to make phone calls or go to all the different Tampa insurance agencies. The internet has reduced the need for local agents unless you require the professional guidance only provided by licensed Tampa agents. It is possible with some companies get prices online but buy the policy through an agent.

When comparing car insurance rates, know that more quotes will increase your chances of finding the best rates. Not every company allows you to get online price quotes, so you also need to get quotes from them as well.

The companies shown below can provide price quotes in Tampa, FL. To buy the best cheap auto insurance in Florida, we suggest you visit as many as you can to find the most affordable auto insurance rates.

Insurance does more than just protect your car

Despite the high cost of buying insurance for a Acura MDX in Tampa, paying for insurance is a good idea for several reasons.

• Almost all states have compulsory liability insurance requirements which means state laws require a specific minimum amount of liability coverage in order to drive the car legally. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you bought your Acura with a loan, more than likely the lender will stipulate that you buy insurance to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the lender will be forced to insure your Acura at a more expensive rate and require you to fork over a much higher amount than you were paying before.
• Insurance protects both your Acura and your assets. It will also cover all forms of medical expenses for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, your policy will pay to repair the damage.

The benefits of buying insurance definitely exceed the cost, particularly if you ever have a claim. The average driver in America is currently overpaying as much as $825 a year so you should quote your policy with other companies at least once a year to make sure the price is not too high.

Analysis of Acura MDX rates

The coverage table below showcases detailed analysis of coverage prices for Acura MDX models. Being able to understand how insurance policy premiums are calculated can be useful when making smart choices when buying a car insurance policy.

Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Information does not factor in specific location information which can decrease or increase prices considerably.

Physical damage deductibles

A question often asked by Tampa drivers is how high should the physical damage coverage deductibles be. The figures shown below can help illustrate how much more you’ll pay between high and low physical damage deductibles. The first data set uses a $100 comprehensive and collision deductible and the second set of prices uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Price estimates do not factor in specific Tampa garaging location which can decrease or increase premium rates substantially.

Using the premium rates above, we can conclude that using a $100 deductible will cost in the ballpark of $32 more each month or $384 every year than buying the higher $500 deductible. Since you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to go at least 13 months between claim filings, you would most likely save money by selecting a higher deductible.

One important caveat is that raising deductibles means you will have to cover more of the damage yourself when you file a claim. You must have some extra savings in the event you need to pay more for the deductible.

Acura MDX insurance costs by gender and age in Tampa

The information below shows the comparison of Acura MDX auto insurance costs for male and female drivers. The rate quotes are based on a clean driving record, no claims, comprehensive and collision coverage, $500 deductibles, drivers are single, and no other discounts are factored in.

Get discounts to get affordable Tampa car insurance rates

Companies that sell car insurance do not list every discount they offer in a way that’s easy to find, so we researched some of the more common as well as some of the hidden credits available to you. If they aren’t giving you every credit possible, you may be paying too high a price.

• Cautious Driver Discount – Drivers who don’t get into accidents can get discounts for up to 45% lower rates compared to rates paid by drivers with frequent claims.
• Online Discount – A handful of car insurance companies give back up to $50 get Tampa auto insurance online.
• Mature Driver Discount – Drivers over the age of 55 could receive better car insurance rates.
• Tampa Homeowners Pay Less – Simply owning a home can help you save on car insurance since home ownership demonstrates responsibility.
• Anti-lock Brake System – Anti-lock brake equipped vehicles are safer to drive and will save you 10% or more on MDX insurance in Tampa.
• Discount for Good Grades – Getting good grades can earn a discount of 20% or more. Most companies allow this discount well after school through age 25.
• No Claim Discounts – Insureds with no claims or accidents are rewarded with significantly better rates on Tampa auto insurance quote when compared to drivers with a long claim history.
• Auto/Home Discount – If you can bundle your auto and homeowners insurance with the same insurance company you could save over 10 percent off each policy depending on the company.
• Defensive Driver Discount – Passing a class that teaches defensive driver techniques could save 5% or more and easily pay for the cost of the class.
• Seat Belt Usage – Requiring all passengers to fasten their seat belts can save a little on the premium charged for medical payments and/or PIP.

Drivers should understand that some of the credits will not apply to your bottom line cost. Most only cut the cost of specific coverages such as liability and collision coverage. Even though the math looks like you can get free auto insurance, it doesn’t quite work that way.

The example below shows the difference between Acura MDX yearly insurance costs with and without discounts applied to the policy rates. The data is based on a male driver, a clean driving record, no claims, Florida state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-policy, homeowner, multi-car, and claim-free discounts applied.

A few of the larger companies and some of their more popular discounts are detailed below.

• State Farm has discounts for good student, passive restraint, accident-free, multiple policy, and driver’s education.
• American Family may offer discounts for multi-vehicle, accident-free, Steer into Savings, mySafetyValet, bundled insurance, and air bags.
• AAA offers discounts including multi-policy, AAA membership discount, pay-in-full, anti-theft, good driver, and good student.
• GEICO may have discounts that include good student, multi-policy, driver training, anti-lock brakes, seat belt use, and membership and employees.
• Mercury Insurance policyholders can earn discounts including type of vehicle, low natural disaster claims, multi-policy, annual mileage, age of vehicle, and anti-theft.
• Farmers Insurance offers premium reductions for alternative fuel, switch companies, pay in full, electronic funds transfer, mature driver, bundle discounts, and teen driver.
• Progressive includes discounts for online signing, online quote discount, homeowner, good student, and continuous coverage.

If you need affordable Tampa auto insurance quotes, ask all companies you are considering which discounts you may be entitled to. Some credits may not be offered in Tampa. To see a list of insurers with discount car insurance rates in Tampa, click here.

Insurance agent or online?

Many people would rather have an agent’s advice and that can be a smart move The biggest benefit of comparing insurance online is the fact that you can find the lowest rates but also keep your business local.

For easy comparison, once you complete this short form, the quote information is sent to local insurance agents who will return price quotes to get your business. It simplifies rate comparisons since you won’t have to search for an agent since price quotes are sent to you directly. You can most likely find cheaper rates without having to waste a lot of time. If you want to get a price quote from a specific insurance provider, feel free to find their quoting web page to submit a rate quote request.

Finding the right company should depend on more than just the bottom line cost. A good agent in Tampa will have answers to these questions.

• Do you have coverage for a rental car if your vehicle is in the repair shop?
• Does the agency have a positive business rating?
• Did they already check your driving record and credit reports?
• Are they paid to recommend certain coverages?
• Which family members are covered?
• Will you work with the agent or an assistant?

Tampa car insurance companies ranked

Finding a high-quality insurance company can be difficult considering how many companies there are in Florida. The information shown next could help you analyze which coverage providers you want to consider purchasing a policy from.

Top 10 Tampa Car Insurance Companies Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. Liberty Mutual
6. GEICO
7. American Family
8. Esurance
9. Titan Insurance
10. AAA Insurance

A little work can save a LOT of money

We covered quite a bit of information on how to get a better price on Acura MDX insurance in Tampa. It’s most important to understand that the more companies you get rates for, the higher your chance of finding inexpensive Tampa auto insurance quotes. Drivers may even discover the lowest prices come from a smaller regional carrier. These smaller insurers often have lower rates on specific markets compared to the large companies like State Farm or Progressive.

Lower-priced car insurance in Tampa is possible online as well as from independent agents in Tampa, and you should compare rates from both in order to have the best chance of saving money. Some insurance companies may not provide price quotes online and many times these small insurance companies only sell coverage through independent agents.

When you buy Tampa auto insurance online, don’t be tempted to buy less coverage just to save a little money. There have been many situations where an insured cut full coverage and discovered at claim time they didn’t have enough coverage. Your objective should be to buy enough coverage for the lowest cost, not the least amount of coverage.

Additional detailed information can be read at these sites:

• New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
• Who Has the Cheapest Car Insurance Quotes for Drivers Under 25 in Tampa? (FAQ)
• Who Has Cheap Car Insurance Quotes for Real Estate Agents in Tampa? (FAQ)
• How to shop for a safer car (Insurance Institute for Highway Safety)
• No-Fault Auto Insurance Statistics (Insurance Information Institute)
• Automakers compete to add autobraking (Insurance Institute for Highway Safety)