Acura MDX insurance cost image courtesy of QuoteInspector.com
It's an obvious conclusion that auto insurance companies don't want you shop around. Drivers who shop around for better prices are highly likely to switch to a new company because there is a significant possibility of getting low-cost coverage. A study showed that drivers who routinely compared quotes saved about $72 a month compared to drivers who never shopped around for cheaper prices.
If saving the most money on insurance in Colorado Springs is your ultimate goal, then learning about how to quote prices and compare coverage rates can help simplify the process.
To save the most money, the best way to save on auto insurance rates in Colorado Springs is to do an annual price comparison from different companies in Colorado. Drivers can shop around by completing these steps.
- Step 1: Spend some time learning about car insurance and the things you can change to prevent expensive coverage. Many policy risk factors that cause high rates like careless driving and a lousy credit rating can be eliminated by paying attention to minor details. Later in this article we will cover more information to find cheap prices and find hidden discounts.
- Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only provide price estimates from a single company like GEICO or State Farm, while independent agencies can quote prices from multiple companies.
- Step 3: Compare the price quotes to your existing policy to see if you can save by switching companies. If you find a lower rate quote and buy the policy, make sure coverage does not lapse between policies.
- Step 4: Provide notification to your current company of your intent to cancel your current policy and submit a completed policy application and payment for the new policy. Be sure to keep your new certificate verifying coverage along with the vehicle's registration papers.
A valuable tip to remember is to try to compare the same liability limits and deductibles on every quote request and and to get price quotes from as many different companies as possible. This provides a level playing field and many rates to choose from.
Cheap companies for Acura MDX insurance in Colorado
The providers in the list below are ready to provide free quotes in Colorado Springs, CO. If multiple companies are listed, we suggest you visit as many as you can to get the best price comparison.
Insurance coverage details
The premium information below covers a range of rate quotes for Acura MDX models. Having a better idea how insurance premiums are formulated can assist in making smart choices when comparing insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|MDX with Tech Package 4WD||$326||$630||$396||$24||$118||$1,494||$125|
|MDX with Tech/Entertainment 4WD||$326||$630||$396||$24||$118||$1,494||$125|
|MDX Advance 4WD||$326||$630||$396||$24||$118||$1,494||$125|
|MDX Advance/Entertainment 4WD||$326||$630||$396||$24||$118||$1,494||$125|
|Get Your Own Custom Quote Go|
Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Rate information does not factor in specific Colorado Springs garaging location which can lower or raise coverage rates noticeably.
Impact of careless driving on Colorado Springs auto insurance rates
The chart below highlights how traffic violations and accidents drive up Acura MDX insurance rates for different age groups. The rates are based on a single male driver, full physical damage coverage, $250 deductibles, and no additional discounts are factored in.
Full coverage rates compared to liability-only
The diagram below visualizes the comparison of Acura MDX car insurance rates when comparing full coverage to state minimum liability only. The rate quotes are based on no accidents or driving violations, $100 deductibles, marital status is single, and no other discounts are factored in.
When to stop buying comprehensive and collision coverage
There is no set rule to exclude comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is about 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.
For example, let's assume your Acura MDX replacement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $3,000 after paying your deductible. If premium cost is more than $300 a year for physical damage coverage, then you may want to consider only buying liability coverage.
There are some situations where buying only liability insurance is not a good plan. If you still have a loan on your vehicle, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not opt for liability only.
Cheap Colorado Springs auto insurance quotes with discounts
Properly insuring your vehicles can get expensive, but you can get discounts that could drop your premiums quite a bit. Some discounts apply automatically at the time of quoting, but occasionally some discounts must be requested specifically before they will apply.
- Save over 55 - Mature drivers can get lower premium rates.
- E-sign - Some auto insurance companies will discount your bill up to fifty bucks for buying your policy on your computer.
- Discount for New Cars - Buying coverage on a new vehicle can get you a discount since new model year vehicles have better safety ratings.
- More Vehicles More Savings - Drivers who insure several vehicles on one policy may reduce the rate for each vehicle.
- Own a Home - Owning your own home or condo can earn you a little savings because owning a home requires personal responsibility.
- Anti-theft Discount - Anti-theft and alarm system equipped vehicles are less likely to be stolen and therefore earn up to a 10% discount.
- Safety Course Discount - Taking part in a course that instructs on driving safety could earn you a small percentage discount if your company offers it.
Keep in mind that some credits don't apply to all coverage premiums. Some only apply to the cost of specific coverages such as liability and collision coverage. So even though it sounds like you can get free auto insurance, insurance companies wouldn't stay in business. Any amount of discount will positively reduce your premiums.
The information below shows the comparison of Acura MDX yearly insurance costs with and without policy discounts. The data is based on a female driver, no claims, a clean driving record, Colorado state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, safe-driver, homeowner, multi-car, and multi-policy discounts applied.
If you would like to see a list of insurers that offer some of these discounts in Colorado, click this link.
Do I need an agent?
Many drivers just prefer to talk to a local agent and doing that can be a smart decision Good agents can help determine the best coverages and help you file claims. The best thing about price shopping on the web is that you can find cheap car insurance quotes but still work with a licensed agent. Supporting neighborhood insurance agencies is definitely important in Colorado Springs.
To find an agent, once you fill out this short form, your insurance coverage information is immediately sent to local insurance agents in Colorado Springs who can give free rate quotes for your coverage. You won't even need to leave your computer due to the fact that quote results will go to you instantly. If you want to quote rates from a specific company, don't hesitate to find their quoting web page and fill out the quote form the provide.
When finding a local Colorado Springs insurance agent, you must know there are a couple types of agencies and how they work. Car insurance policy providers are considered either exclusive agents or independent agents. Both sell car insurance policies, but it's important to know how they are different because it can factor into your selection of an agent.
Independent insurance agents can quote rates with many companies and that gives them the ability to insure with multiple insurance companies depending on which coverage is best. If prices rise, an independent agent can move your coverage which is easy for the insured. If you need lower rates, we recommend you include at least one independent agent for maximum quote selection.
Featured below are independent insurance agencies in Colorado Springs that may be able to give price quotes.
Nationwide Insurance: Jeffrey Lloyd Sudermann Agency
6455 N Union Blvd #104 - Colorado Springs, CO 80918 - (303) 974-7676 - View Map
Exclusive Car Insurance Agents
Agents that choose to be exclusive can usually just insure with one company and some examples include State Farm, AAA, and Liberty Mutual. Exclusive agents cannot compare other company's rates so they are skilled at selling on more than just price. These agents are well trained on what they offer which helps offset the inability to provide other markets.
Shown below is a list of exclusive insurance agents in Colorado Springs willing to provide price quotes.
American Family Insurance - Dean Skaret Agency Inc.
2340 Academy Blvd N - Colorado Springs, CO 80909 - (719) 597-4330 - View Map
Picking the best car insurance agent requires you to look at more than just the bottom line cost. The answers to these questions are important, too.
- Do they regularly work with personal auto policies in Colorado Springs?
- Where would your vehicle be repaired?
- Do they see any coverage gaps in your plan?
- Is insurance their full-time profession?
- If your car is totaled, how to they determine the replacement cost?
- Do you need full coverage on every vehicle?
- What company holds the largest book of business for them?
After you get reasonable responses to all your questions as well as cheap MDX insurance quotes, you've probably found an insurance agent that is reliable enough to service your policy.
Colorado auto insurance companies
Selecting the right insurance provider can be challenging considering how many companies there are to choose from in Colorado Springs. The ranking data shown below may help you decide which auto insurance companies to look at purchasing from.
Top 10 Colorado Springs Car Insurance Companies Ranked by Value
- American Family
- The Hartford
- Titan Insurance
- The General
- Mercury Insurance
- AAA Insurance
- State Farm
What auto insurance coverages do you need?
Understanding the coverages of your policy can help you determine which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. These are typical coverages available from auto insurance companies.
Insurance for medical payments - Coverage for medical payments and/or PIP pay for short-term medical expenses for funeral costs, chiropractic care and pain medications. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay
Comprehensive coverage (or Other than Collision) - This pays for damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims like theft, hail damage and vandalism. The most a auto insurance company will pay at claim time is the actual cash value, so if the vehicle's value is low consider dropping full coverage.
Uninsured Motorist or Underinsured Motorist insurance - Your UM/UIM coverage protects you and your vehicle's occupants when other motorists either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants and damage to your Acura MDX.
Because many people only carry the minimum required liability limits (which is 25/50/15), their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Most of the time these limits are set the same as your liability limits.
Auto liability insurance - Liability insurance can cover damages or injuries you inflict on a person or their property that is your fault. It protects you against claims from other people. Liability doesn't cover damage to your own property or vehicle.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 25/50/15 which means $25,000 in coverage for each person's injuries, a limit of $50,000 in injury protection per accident, and a limit of $15,000 paid for damaged property. Another option is a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.
Liability coverage pays for things like repair bills for other people's vehicles, repair costs for stationary objects and pain and suffering. How much coverage you buy is a decision to put some thought into, but consider buying as much as you can afford. Colorado state minimum liability requirements are 25/50/15 but you should think about purchasing higher limits.
The chart below shows why low liability limits may not provide adequate coverage.
Collision - Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims such as colliding with a tree, backing into a parked car, driving through your garage door and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also increase the deductible on your MDX in order to get cheaper collision rates.
How much can you save?
You just learned a lot of information how to lower your Acura MDX insurance rates in Colorado Springs. The most important thing to understand is the more providers you compare, the higher your chance of finding affordable Colorado Springs car insurance quotes. You may even discover the biggest savings come from the smaller companies. Some small companies may often insure only within specific states and give better rates compared to the large companies like Progressive and GEICO.
Lower-priced Acura MDX insurance in Colorado Springs can be bought both online and from local agencies, so you should compare both in order to have the best chance of saving money. A few companies may not provide price quotes online and most of the time these regional insurance providers work with independent agents.
For more information, take a look at the following helpful articles:
- Older Drivers FAQ (iihs.org)
- What Insurance is Cheapest for a Toyota Corolla in Colorado Springs? (FAQ)
- How Much are Colorado Springs Auto Insurance Quotes for Drivers with Good Credit? (FAQ)
- Who Has Cheap Car Insurance Quotes for Safe Drivers in Colorado Springs? (FAQ)
- Who Has the Cheapest Colorado Springs Auto Insurance Quotes for a Nissan Sentra? (FAQ)
- Vehicle Insurance (Wikipedia)
- Get the Right Protection (InsureUonline.org)