Acura MDX Insurance Rate Quotes in Laredo

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Acura MDX insurance cost
Acura MDX insurance cost image courtesy of QuoteInspector.com

Insurance rates Acura MDX in LaredoIt's safe to conclude that car insurance companies want to keep your business as long as possible. Insureds who shop around for cheaper price quotes will probably switch companies because there is a high probability of finding a lower-priced policy. A recent study showed that consumers who make a habit of shopping around saved over $850 each year as compared to drivers who never compared rates.

If saving the most money on insurance in Laredo is the reason you're reading this, then having a grasp of how to shop and compare auto insurance can save time and money.

Really, the only way to get affordable Acura MDX insurance in Laredo is to make a habit of comparing prices annually from providers in Texas. You can shop around by completing these steps.

  1. Try to understand how companies set rates and the modifications you can make to prevent high rates. Many factors that drive up the price like tickets, at-fault accidents, and poor credit history can be controlled by improving your driving habits or financial responsibility. Keep reading for additional ideas to help find cheaper rates and find additional discounts.
  2. Compare rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from one company like GEICO or Farmers Insurance, while agents who are independent can quote prices from multiple sources. Click to view companies
  3. Compare the new quotes to your existing policy and determine if cheaper MDX coverage is available. If you find a lower rate quote and switch companies, make sure there is no lapse in coverage.
  4. Notify your agent or company of your intention to cancel your current coverage. Submit the completed application along with a down payment for the new coverage. As soon as you have the new policy, put the certificate of insurance in an accessible location in your vehicle.

A tip to remember is to try to use identical coverages on every quote and and to get price quotes from as many different insurance providers as possible. Doing this guarantees a fair price comparison and the best rate selection.

The majority of larger companies such as Progressive, Allstate and GEICO provide pricing on the web. Comparing prices online for Acura MDX insurance in Laredo doesn't take a lot of time as you simply type in your personal and coverage information as detailed in the form. After you complete the form, their quoting system obtains credit information and your driving record and generates a price based on the data you entered.

This makes it easy to compare insurance prices and it's necessary to compare as many rates as possible if you want to find affordable rates.

If you want to compare rates now, consider comparing rates from the companies shown below. If you currently have coverage, we recommend you complete the form with the limits and deductibles exactly as shown on your declarations page. This way, you're receiving a price comparison using the same coverage and limits.

The car insurance companies shown below provide free quotes in Laredo, TX. To locate the cheapest car insurance in Texas, it's a good idea that you get rates from several of them in order to get a fair rate comparison.

Don't overlook these Acura MDX insurance discounts

Properly insuring your vehicles can get expensive, but there's a good chance there are discounts to reduce the price significantly. Certain credits will be shown when you get a quote, but lesser-known reductions have to be asked about before being credited.Discount auto insurance

  • Seat Belts Save more than Lives - Buckling up and requiring all passengers to buckle up could save 15% off the medical payments premium.
  • Onboard Data Collection - People who choose to allow data collection to track vehicle usage by installing a telematics device such as Progressive's Snapshot and State Farm's In-Drive could possibly reduce rates if they exhibit good driving behavior.
  • Lower Rates for Military - Being deployed with a military unit could mean lower prices.
  • Home Ownership Discount - Being a homeowner can help you save on auto insurance because owning a home shows financial diligence.
  • Drive Less and Save - Low annual miles can qualify you for substantially lower premium rates.
  • Early Renewal Discounts - Some auto insurance companies give discounts for switching to them prior to your current MDX insurance policy expiration. You may see this discount when you get Laredo car insurance quotes online.
  • Discounts for Federal Employees - Federal government employees can save as much as 8% with select insurance companies.
  • Distant Student Discount - Youth drivers who are enrolled in a college that is more than 100 miles from Laredo and don't have a car could qualify for this discount.
  • Club Memberships - Joining qualifying clubs or civic groups could earn you a nice discount when shopping for auto insurance.

As is typical with insurance, most credits do not apply to all coverage premiums. A few only apply to individual premiums such as collision or personal injury protection. So even though it sounds like it's possible to get free car insurance, nobody gets a free ride.

The diagram below visualizes the comparison of Acura MDX premium costs with and without some available policy discounts. Data assumes a female driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, safe-driver, multi-car, homeowner, and claim-free discounts applied.

A list of companies and the discounts they provide are included below.

  • Progressive may have discounts that include multi-vehicle, good student, online signing, multi-policy, homeowner, and online quote discount.
  • Farmers Insurance discounts include switch companies, alternative fuel, youthful driver, bundle discounts, pay in full, mature driver, and electronic funds transfer.
  • Farm Bureau offers discounts for 55 and retired, good student, safe driver, renewal discount, multi-policy, driver training, and multi-vehicle.
  • State Farm has discounts for defensive driving training, good student, Steer Clear safe driver discount, Drive Safe & Save, safe vehicle, anti-theft, and student away at school.
  • GEICO policyholders can earn discounts including daytime running lights, membership and employees, federal employee, seat belt use, and emergency military deployment.
  • SAFECO offers discounts including bundle discounts, homeowner, drive less, safe driver, accident prevention training, and anti-theft.
  • Liberty Mutual has savings for newly married, hybrid vehicle, newly retired, safety features, and preferred payment discount.

If you need lower rates, check with every company which discounts can lower your rates. Some of the earlier mentioned discounts may not apply in Laredo. To choose providers that offer some of these discounts in Laredo, click this link.

Statistics and details

The premium information below outlines estimates of prices for Acura MDX models. Being able to understand how insurance rates are calculated is important for drivers to make smart choices when selecting a coverage provider.

Acura MDX Insurance Rates in Laredo, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $292 $392 $388 $24 $116 $1,212 $101
MDX with Tech Package 4WD $292 $462 $388 $24 $116 $1,282 $107
MDX with Tech/Entertainment 4WD $292 $462 $388 $24 $116 $1,282 $107
MDX Advance 4WD $292 $462 $388 $24 $116 $1,282 $107
MDX Advance/Entertainment 4WD $292 $462 $388 $24 $116 $1,282 $107
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Data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Premium amounts do not factor in specific garaging location which can impact price quotes significantly.

Deductible analysis

One of the most common insurance questions is how high should the physical damage deductibles be. The comparison tables below can help you visualize the rate fluctuation when you select higher and lower deductibles. The first price estimate table uses a $100 deductible and the second data table uses a $500 deductible.

Acura MDX insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $412 $592 $382 $22 $114 $1,547 $129
MDX with Tech Package 4WD $412 $698 $382 $22 $114 $1,653 $138
MDX with Tech/Entertainment 4WD $412 $698 $382 $22 $114 $1,653 $138
MDX Advance 4WD $412 $698 $382 $22 $114 $1,653 $138
MDX Advance/Entertainment 4WD $412 $698 $382 $22 $114 $1,653 $138
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Acura MDX insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $300 $400 $382 $22 $114 $1,218 $102
MDX with Tech Package 4WD $300 $472 $382 $22 $114 $1,290 $108
MDX with Tech/Entertainment 4WD $300 $472 $382 $22 $114 $1,290 $108
MDX Advance 4WD $300 $472 $382 $22 $114 $1,290 $108
MDX Advance/Entertainment 4WD $300 $472 $382 $22 $114 $1,290 $108
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Estimates do not factor in specific garaging location which can raise or lower coverage rates significantly.

Based on this data, using a $100 deductible could cost the average driver approximately $29 more each month or $348 for a full year than choosing the higher $500 deductible. Due to the fact that you would have to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you normally average more than 14 months between claims, you would save money going with the higher deductible.

How to calculate deductible break even period

Average monthly premium for $100 deductibles: $136
Average monthly premium for $500 deductibles (subtract): - $107
Monthly savings from raising deductible: $29
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $29
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 14 months

One important issue to know is that raising deductibles results in having to pay to pay more out-of-pocket at claim time. You must have some extra savings in the event you have to pay the higher deductible in order to repair your vehicle.

Cost difference between full coverage and liability

The illustration below compares Acura MDX car insurance rates with full physical damage coverage compared to only buying liability only. The data is based on no violations or claims, $250 deductibles, single status, and no discounts are applied.

When to buy liability coverage only

There is no definitive formula that is best for determining when to drop comp and collision coverage, but there is a broad guideline. If the annual cost of coverage is more than about 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.

For example, let's pretend your Acura MDX replacement cost is $8,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $7,000 after the policy deductible has been paid. If it's costing in excess of $700 annually for physical damage coverage, then you may need to consider dropping full coverage.

There are some cases where only buying liability is not recommended. If you haven't satisfied your loan, you have to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should keep full coverage on your policy.

Smart Consumers Know How to Find Insurance for Less

Smart consumers have a good feel for some of the things that come into play when calculating the rates you pay for insurance. If you understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that can earn you cheaper rates.

The following are some of the things insurance companies consider when setting premiums.

  • Little extras can really add up - Policies have extra bells and whistles that sound like a good idea at the time if you don't pay attention. Insurance for rental car reimbursement, high-cost glass coverage, and extra equipment coverage are examples of these. They may seem good when talking to your agent, but your needs may have changed so get rid of them and save.
  • Do men or women drive better? - Statistics demonstrate females are less aggressive when driving. However, this does not mean men are WORSE drivers than women. Males and females cause fender benders at a similar rate, but the male of the species have accidents that have higher claims. Men also tend to get ticketed for serious violations like DWI (DUI) or reckless driving.

    The information below shows the difference between Acura MDX insurance costs for male and female drivers. Data assumes no accidents or driving violations, full physical damage coverage, $500 deductibles, drivers are not married, and no policy discounts are applied.

  • Vehicles with better crash test results save money - Vehicles with good safety scores get lower rates. Safe vehicles have better occupant injury protection and lower rates of occupant injuries means your insurance company pays less passed on to you as lower rates. If the Acura MDX has at least an "acceptable" rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
  • City traffic equals higher rates - Residing in smaller towns and rural areas of the country has definite advantages when talking about insurance. Residents of big cities tend to have more traffic problems and higher rates of accident claims. Fewer drivers on the road means less chance of accidents and lower theft and vandalism rates.
  • Better insurance rates for continuous insurance coverage - Allowing your coverage to lapse is a guaranteed way to trigger a rate increase. And not only will insurance be more expensive, not being able to provide proof of insurance will get you a fine, jail time, or a revoked license.
  • Lower insurance rates with GPS tracking and theft deterrents - Driving a car that has a built-in theft deterrent system can help bring down rates. Anti-theft features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent your car from being stolen.
  • Insurance loss statistics an Acura MDX - Insurers take into consideration insurance loss statistics for every vehicle when setting premium prices. Models that the statistics show to have increased claim numbers or amounts will have higher rates for specific coverages.

    The data below shows the compiled insurance loss statistics for Acura MDX vehicles. For each coverage type, the claim amount for all vehicles, regardless of manufacturer or model, equals 100. Numbers below 100 are indicative of better than average losses, while numbers above 100 show a trend for more claims or statistically larger losses.

    Acura MDX Insurance Claim Statistics
    Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Acura MDX 4dr 2WD 73 80 102 63 56 63
    Acura MDX 4dr 4WD 81 85 123 65 60 59
    BETTER
    AVERAGE
    WORSE

    Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Can't I get rate quotes from local Laredo auto insurance agents?

Some people still prefer to talk to an insurance agent and doing so can bring peace of mind One of the benefits of getting free rate quotes online is you may find the lowest rates and still buy from a local agent.

Insurance agency in LaredoAfter filling out this quick form, the quote information is sent to participating agents in Laredo who will return price quotes for your insurance coverage. It makes it easy because there is no need to contact any agents since rate quotes are delivered immediately to you. You'll get the best rates AND an agent nearby. If you wish to compare prices from a specific insurance company, don't hesitate to navigate to their website and fill out their quote form.

Picking the best insurance company is decision based upon more than just the bottom line cost. Ask your prospective agent these questions:

  • How long has the business existed?
  • Does the agency have a good rating with the Better Business Bureau?
  • Where are claims handled?
  • Is vehicle mileage a factor when determining depreciation for repairs?
  • Is working in the agency their full-time job?

Best auto insurance company in Texas

Picking the highest-rated auto insurance company can be difficult considering how many companies sell insurance in Laredo. The company information in the lists below could help you analyze which auto insurance companies you want to consider comparing prices from.

Top Auto Insurance Companies in Laredo
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Insure.com Best Car Insurance Companies

Do the work, save more money

Budget-friendly car insurance in Laredo can be found from both online companies in addition to local insurance agencies, and you should compare rates from both to have the best selection. Some companies don't offer the ability to get a quote online and most of the time these smaller companies work with independent agents.

We covered a lot of information how to save on Acura MDX insurance in Laredo. The most important thing to understand is the more companies you get prices for, the better your chances of lowering your prices. Drivers may even discover the best premium rates are with some of the smallest insurance companies.

Consumers change insurance companies for a number of reasons such as being labeled a high risk driver, high prices, policy non-renewal and even poor customer service. It doesn't matter what your reason, finding a new company can be less work than you think.

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