Car Insurance Rate Quotes for an Acura RL in Lexington

Purchasing more affordable Lexington Acura RL insurance quotes over the internet might appear overwhelming for people not familiar with buying insurance online. With literally dozens of insurers to choose from, how are people expected to be able to compare the different rates to find cheaper auto insurance rates?

Unbelievably, the vast majority of consumers in Kentucky kept their policy with the same company for four years or more, and just short of a majority have never even compared rates from other companies. The average driver in America could save as much as 46.5% each year by just shopping around, but they don’t know how much money they would save if they swap their current policy for a cheaper one.

The quickest method to get policy rate comparisons for Acura RL insurance in Lexington is to know the trick most larger insurance companies pay for the opportunity to give you rate quotes. To begin a comparison, all you need to do is give them some information such as coverage limits, if you require a SR-22, the make and model of your vehicles, and how old drivers are. Your information is instantly provided to multiple companies and you should receive rate quotes quickly.

To compare multiple company affordable Acura RL insurance rates now, click here and find out if you can get cheaper insurance in Lexington.

The following companies offer price comparisons in Kentucky. If multiple companies are listed, it’s highly recommended you click on several of them to get the best price comparison.

Lower rate quotes on Acura RL insurance in Lexington with these auto insurance discounts

Some providers don’t necessarily list every policy discount very clearly, so the below list has both the well known and also the more inconspicuous auto insurance savings.

• Discount for Life Insurance – Larger insurance carriers have a small discount if you purchase some life insurance in addition to your auto policy.
• Theft Deterrent Discount – Vehicles equipped with tracking devices and advanced anti-theft systems are stolen less frequently and qualify for as much as a 10% discount.
• Low Mileage – Low annual miles could be rewarded with slightly better rates than normal.
• Good Grades Discount – Being a good student can be rewarded with saving of up to 25%. Most companies allow this discount up until you turn 25.
• Bundled Policy Discount – If you combine your home and auto policies and insure them both with the same insurance company you will save 10% to 20% off each policy.
• Passive Restraints – Vehicles equipped with air bags or automatic seat belts may qualify for discounts of 20 to 30 percent.
• No Claims – Claim-free drivers can earn big discounts in comparison to drivers who are more careless.
• Membership in Organizations – Having an affiliation with certain professional organizations may earn a discount when shopping for auto insurance.

You can save money using discounts, but some credits don’t apply to the entire cost. Most only cut the cost of specific coverages such as liability, collision or medical payments. Even though it appears having all the discounts means you get insurance for free, auto insurance companies aren’t that generous.

The illustration below illustrates the comparison of Acura RL premium costs with and without policy discounts. The premiums assume a female driver, no claims or driving citations, Kentucky state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, multi-car, claim-free, marriage, and homeowner discounts applied.

A few companies that may offer policyholders these discounts are:

• Progressive
• The Hartford
• Mercury Insurance
• GEICO
• AAA
• State Farm

If you are trying to find affordable Acura RL insurance quotes, ask each insurance company which discounts they offer. Discounts might not be available to policyholders in every state. To see a list of auto insurance companies who offer discounts in Kentucky, click this link.

Insurance statistics for an Acura RL

The data table shown below covers estimates of coverage costs for Acura RL models. Understanding how insurance prices are formulated is important for you to make informed purchases.

Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Price estimates do not factor in garaging location in Lexington which can modify coverage prices considerably.

Rate comparison for different deductibles

One frequently asked question is where to set your physical damage deductibles. The rates shown below can help illustrate the differences in price when you choose different physical damage deductibles. The first rate table uses a $100 deductible for comp and collision and the second price chart uses a $1,000 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Price estimates do not factor in specific zip code location which can lower or raise coverage prices substantially.

Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you approximately $47 more each month or $564 each year than opting for the higher $1,000 deductible. Since you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you have at a minimum 19 months between claims, you would more than likely save some money by selecting a higher deductible.

Cautious Lexington drivers save money

The example below demonstrates how speeding tickets and at-fault collisions drive up Acura RL insurance costs for different insured age categories. The premiums are based on a married male driver, full coverage, $1,000 deductibles, and no discounts are factored in.

Cost difference between full coverage and liability

The illustration below illustrates the difference between Acura RL car insurance rates with full physical damage coverage and with liability coverage only. The premium estimates are based on no claims, a clean driving record, $100 deductibles, single status, and no additional discounts are factored in.

Deciding between full coverage and liability only

There is no set guideline for dropping physical damage insurance, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s say your Acura RL settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would receive is $3,000 after you pay the deductible. If premium cost is more than $300 annually for full coverage, then you might want to consider buying only liability coverage.

There are some scenarios where eliminating full coverage is not advised. If you still have a loan on your vehicle, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Kentucky car insurance companies

Finding the top insurance company can be challenging considering how many different companies sell coverage in Kentucky. The company rank data listed below may help you analyze which auto insurers to look at comparing rates from.

Top 10 Lexington Car Insurance Companies by A.M. Best Rank

1. Travelers – A++
2. USAA – A++
3. GEICO – A++
4. State Farm – A++
5. Erie Insurance – A+
6. Esurance – A+
7. Progressive – A+
8. Nationwide – A+
9. The Hartford – A+
10. Allstate – A+

Top 10 Lexington Car Insurance Companies Ranked by Customer Service

1. USAA
2. Travelers
3. AAA Insurance
4. Nationwide
5. Safeco Insurance
6. Progressive
7. State Farm
8. The Hartford
9. The General
10. Esurance

Informed Consumers Can Cut Their Insurance Prices

When buying auto insurance it’s important to understand some of the elements that go into determining auto insurance rates. If you understand what determines base rates, this empowers consumers to make smart changes that could help you find much lower annual insurance costs.

Car and home together may be cheaper – Some insurance companies afford a discount to customers that purchase more than one policy. It’s known as a multi-policy discount. The amount of the discounts can be 10 percent or more. Even though this discount sounds good, it’s in your best interest to comparison shop to make sure you are getting the best deal. Drivers may still find a better deal by buying insurance from more than one company.

Men drivers tend to cost more – Over the last 30 years, statistics show that females take fewer risks when driving. Now that doesn’t mean males are worse at driving than females. Both sexes are responsible for accidents at a similar rate, but the males have costlier accidents. In addition to higher claims, males also receive more major tickets such as reckless driving. Young men ages 16 to 20 are most likely to cause an accident so they pay the highest premiums.

The illustration below shows the comparison of Acura RL car insurance costs for male and female drivers. The data assumes a clean driving record, no claims, full physical damage coverage, $100 deductibles, single marital status, and no policy discounts are applied.

Urban areas may pay more – Living in small towns and rural areas may provide you with better prices when trying to find low car insurance rates. Less people living in that area translates into fewer accident claims in addition to fewer liability claims. Urban drivers tend to have more auto accidents and longer commute times. More time commuting can result in more accidents.

Cheaper auto insurance rates with safer cars – Vehicles with good safety scores can get you lower premiums. Vehicles built for safety reduce occupant injuries and any reduction in injury severity translates directly to fewer claims and more competitive rates for policyholders.

Low coverage deductibles cost more – Comprehensive and collision coverage deductibles tell how much the insured will be required to pay if the claim is covered. Physical damage insurance, also called comprehensive and collision insurance, covers damage that occurs to your car. Examples of some claims that would be covered are collision with another vehicle, animal collisions, and damage caused by road hazards. The more you pay before a claim is paid (deductible), the lower your rates will be.

Claims statistics for an Acura RL – Car insurance companies study historical loss data to help set a rate to offset losses. Vehicles that are shown to have a trend towards higher claims will have a higher premium rate.

The next table illustrates the compiled insurance loss statistics for Acura RL vehicles. For each policy coverage type, the statistical loss for all vehicles, regardless of manufacturer or model, is equal to 100. Percentage numbers below 100 indicate better than average losses, while values over 100 indicate a higher chance of having a claim or an increased likelihood of larger losses.