Best Ways to Save on Colorado Springs Acura RDX Insurance

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Discount Acura RDX insuranceHow long has it been since you compared more affordable insurance rates in Colorado Springs, CO? Colorado Springs consumers have many options when looking for affordable Acura RDX insurance. They can either spend hours contacting agents getting price quotes or utilize the internet to make rate comparisons.

There is a better way to shop for insurance so you're going to learn the quickest way to quote coverages for a new or used Acura and obtain the lowest price from Colorado Springs insurance agents and online providers.

You should take the time to get comparison quotes periodically due to the fact that insurance prices are usually higher with each renewal. Despite the fact that you may have had the best deal on Acura RDX insurance in Colorado Springs a year ago a different company probably has better rate quotes today. Forget all the misinformation about insurance because I'm going to let you in on the secrets to the fastest way to find better coverage on Acura RDX insurance in Colorado Springs at a better price.

Most larger insurance companies such as 21st Century, Allstate and State Farm give price estimates directly from their websites. Comparing Acura RDX insurance rates online doesn't take much effort because you just enter the coverage amounts you desire into a form. Once entered, the company's rating system gets your driving record and credit report and returns a price based on these and other factors.

The ability to get online quotes for Acura RDX insurance in Colorado Springs makes it a lot easier to compare rates and it's very important to get many rate quotes if you want to find cheap rates.

In order to get comparison pricing now, check out the auto insurance providers below. If you have a policy now, it's recommended you type in the coverages identical to your current policy. This way, you will receive a fair comparison using the exact same coverages.

The providers in the list below can provide price quotes in Colorado. If multiple companies are listed, it's highly recommended you get rate quotes from several of them to get a more complete price comparison.

Data for Acura RDX insurance

The coverage information shown below highlights a range of insurance premium costs for Acura RDX models. Having a better understanding of how policy premiums are formulated can help drivers make informed coverage decisions.

Acura RDX Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RDX 2WD $130 $244 $286 $16 $86 $762 $64
RDX AWD $130 $244 $286 $16 $86 $762 $64
RDX Technology Package 2WD $148 $288 $286 $16 $86 $824 $69
RDX Technology Package AWD $148 $288 $286 $16 $86 $824 $69
Get Your Own Custom Quote Go

Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Estimates do not factor in Colorado Springs location which can lower or raise prices significantly.

Higher deductibles save money

One of the more difficult decisions when buying car insurance is what deductibles to buy. The tables below highlight the premium difference when you select higher and lower deductibles. The first data set uses a $250 deductible for comp and collision and the second rate table uses a $1,000 deductible.

Acura RDX insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RDX 2WD $272 $458 $298 $18 $90 $1,161 $97
RDX AWD $272 $458 $298 $18 $90 $1,161 $97
RDX Technology Package 2WD $306 $538 $298 $18 $90 $1,275 $106
RDX Technology Package AWD $306 $538 $298 $18 $90 $1,275 $106
Get Your Own Custom Quote Go
Acura RDX insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RDX 2WD $168 $288 $298 $18 $90 $862 $72
RDX AWD $168 $288 $298 $18 $90 $862 $72
RDX Technology Package 2WD $190 $340 $298 $18 $90 $936 $78
RDX Technology Package AWD $190 $340 $298 $18 $90 $936 $78
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Prices do not factor in vehicle garaging location which can impact price quotes substantially.

Based on the figures above, using a $250 deductible could cost the average driver approximately $27 more each month or $324 every year than selecting the higher $1,000 deductible. Because you would be required to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average more than 28 months between claims, you would more than likely save some money if you elect the higher deductible. Here is an example of how you can do this calculation yourself.

Average monthly premium for $250 deductibles: $102
Average monthly premium for $1,000 deductibles (subtract): - $75
Monthly savings from raising deductible: $27
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 28 months

An important thing to remember is that a higher deductible results in having to pay to pay more out-of-pocket when you do file a claim. You need to have enough savings in order to pay the deductible for vehicle repair.

Rate comparison of males versus females

The example below illustrates the comparison of Acura RDX annual premium costs for male and female drivers. The price estimates are based on a clean driving record, no claims, full coverage, $250 deductibles, drivers are single, and no discounts are taken into consideration.

Should you buy full coverage?

The information below shows the difference between Acura RDX car insurance rates with full coverage and liability only. The premiums assume no claims or violations, $500 deductibles, single status, and no policy discounts are applied.

When to stop buying comprehensive and collision coverage

There isn't a written rule for eliminating physical damage insurance, but there is a broad guideline. If the annual cost of coverage is more than about 10% of replacement cost minus your deductible, then you might consider buying liability only.

For example, let's assume your Acura RDX book value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $3,000 after paying your deductible. If you are paying in excess of $300 a year for comprehensive and collision coverage, then it's probably a good time to buy liability coverage only.

There are some circumstances where buying only liability insurance is not financially feasible. If you still have a lienholder on your title, you have to keep full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not remove full coverage.

What Determines Acura RDX Insurance Rates?

An important part of buying insurance is that you know a few of the rating criteria that help determine your premiums. If you know what controls the rates you pay, this allows you to make educated decisions that could result in better auto insurance rates.

The following are some of the items used by companies to determine prices.

  • Too many insurance claims and you'll pay more - If you file claims often, you should expect higher premiums or even policy non-renewal. Auto insurance companies in Colorado give the lowest premiums to insureds who file claims infrequently. Auto insurance is intended for claims that pose a financial burden.
  • What are good liability limits? - The liability section of your policy kicks in if ever you are ruled to be at fault for physical damage or personal injury to other. Liability provides you with a defense in court which can cost thousands of dollars. This coverage is very inexpensive compared to physical damage coverage, so buy as much as you can afford.
  • Do you know your physical damage deductibles? - Comprehensive and collision coverage deductibles represent how much money you are willing to pay before a claim is paid by your company. Physical damage insurance, termed comprehensive and collision coverage on your policy, protects your car from damage. Examples of some claims that would be covered could be collision with another vehicle, collision with a deer, and damage caused by road hazards. The higher the amount you are required to pay out-of-pocket, the bigger discount you will receive.
  • How your age affects prices - Beginning drivers in Colorado tend to be less responsible in a vehicle and because of this, their auto insurance rates are much higher. Parents adding a beginning driver onto your auto insurance can increase premiums substantially. Mature drivers are viewed as being more responsible, statistically cause fewer accidents, and receive fewer citations.

    The next chart uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.

  • Low credit rating equals high prices - Credit history factor in determining what you pay for auto insurance. If your credit is not that good, you could pay less to insure your Acura RDX by improving your rating. Drivers with very high credit ratings tend to file fewer claims and have better driving records as compared to drivers with poor credit.
  • Always keep your auto insurance policy in place - Not maintaining insurance can get your license suspended and you may have a hard time finding new coverage because you let your coverage cancel without a new policy in place. In addition to paying higher rates, getting caught without coverage may result in a hefty fine and possibly a revoked license. You may have to prove you have insurance by filing a SR-22 with the Colorado DMV.
  • Loss statistics for an Acura RDX - Insurers take into consideration insurance loss statistics for every vehicle when they file their rates in each state. Vehicles that have higher frequency or amount of claims will be charged more to insure.

    The table shown below demonstrates the loss history for Acura RDX vehicles. For each policy coverage, the claim amount for all vehicles, regardless of make or model, equals 100. Values below 100 suggest a better than average loss history, while values over 100 indicate more frequent claims or an increased likelihood of larger losses.

    Acura RDX Insurance Loss Statistics
    Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Acura RDX 4dr 2WD 64 75 57 67 67 71
    Acura RDX 4dr 4WD 68 79 79 68 66 60
    BETTER
    AVERAGE
    WORSE

    Statistics from IIHS.org for 2013-2015 Model Years

Insurance protects more than just your car

Despite the fact that insurance is not cheap in Colorado Springs, insurance may be required and benefits you in several ways.

  • Just about all states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability protection if you don't want to risk a ticket. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
  • If you have a lien on your RDX, most banks will force you to have physical damage coverage to ensure they get paid if you total the vehicle. If you let the policy lapse, the bank may buy a policy for your Acura for a lot more money and force you to reimburse them a much higher amount than you were paying before.
  • Insurance protects both your assets and your Acura. Insurance will also pay for most medical and hospital costs for yourself as well as anyone injured by you. One policy coverage, liability insurance, will also pay to defend you in the event you are sued. If damage is caused by hail or an accident, your insurance policy will pay to restore your vehicle to like-new condition.

The benefits of carrying adequate insurance more than offset the price you pay, particularly when you have a large claim. Despite what companies tell you, the average driver overpays as much as $810 a year so it's important to compare rates at every renewal to help ensure money is not being wasted.

What is the best car insurance company in Colorado?

Selecting the right auto insurance company is difficult considering how many choices you have in Colorado. The company information listed below may help you select which auto insurance companies you want to consider comparing price quotes from.

Top 10 Colorado Springs Car Insurance Companies Ranked by Claims Service

  1. State Farm
  2. Esurance
  3. AAA Insurance
  4. GEICO
  5. Liberty Mutual
  6. Progressive
  7. Allstate
  8. Titan Insurance
  9. The Hartford
  10. Mercury Insurance

Top 10 Colorado Springs Car Insurance Companies Ranked by Customer Satisfaction

  1. Titan Insurance - 95%
  2. USAA - 94%
  3. AAA Insurance - 91%
  4. State Farm - 90%
  5. Nationwide - 90%
  6. The Hartford - 89%
  7. GEICO - 89%
  8. The General - 88%
  9. 21st Century - 88%
  10. Liberty Mutual - 88%