Best Insurance for an Acura MDX in Lubbock

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

Insurance quote for Acura MDX in LubbockTo save the most money, the best way to find cheaper Acura MDX insurance in Lubbock is to compare quotes once a year from insurers who can sell car insurance in Texas.

Step 1: Take a few minutes and learn about individual coverages and the things you can change to keep rates down. Many rating factors that drive up the price such as your driving record and an unacceptable credit rating can be remedied by making small lifestyle or driving habit changes.

Step 2: Quote rates from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from one company like GEICO and Allstate, while independent agents can provide rate quotes from multiple insurance companies.

Step 3: Compare the new rates to the price on your current policy to determine if switching companies saves money. If you find a lower rate and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.

Step 4: Provide notification to your current company of your intention to cancel your current policy. Submit the signed application along with the required initial payment to your new company or agent. Immediately keep the new proof of insurance paperwork with the vehicle registration.

An essential thing to point out is that you'll want to make sure you compare similar limits and deductibles on every price quote and and to get price quotes from as many companies as possible. This enables a level playing field and a better comparison of the market.

It's a fact that insurance companies don't want policyholders to shop around. Drivers who shop around once a year are highly likely to buy a different policy because they stand a good chance of finding good coverage at a lower price. A study showed that people who compared rate quotes regularly saved over $850 each year compared to drivers who never shopped around.

If finding the lowest rates on auto insurance is your target objective, then having a good understanding how to quote prices and compare insurance rates can make the process more efficient.

When price shopping your coverage, comparing a large number of companies will improve the odds of getting a better price.

The companies shown below provide price comparisons in Lubbock, TX. If multiple companies are listed, it's a good idea that you get rate quotes from several of them in order to get a fair rate comparison.

Discounts for cheaper insurance quotes

Companies do not advertise every available discount very clearly, so the list below contains some of the more common as well as some of the hidden ways to save on insurance.Cheaper insurance with discounts

  • Discounts for Good Drivers - Insureds without accidents may receive a discount up to 45% as compared to drivers with claims.
  • Discount for Life Insurance - Not all companies offer life insurance, but some may give you a small discount if you purchase auto and life insurance together.
  • Discount for New Cars - Buying a new car instead of a used MDX can get you a discount because newer models have to meet stringent safety requirements.
  • Accident Forgiveness - This isn't a discount exactly, but companies like Liberty Mutual and GEICO allow you one accident before they charge you more for coverage if you are claim-free before the accident.
  • Membership in Organizations - Affiliation with a professional or civic organization is a simple method to lower premiums on your next insurance statement.
  • ABS Brakes - Cars and trucks with anti-lock braking systems can avoid accidents so you can save 10 percent or more.
  • Passive Restraint Discount - Vehicles with factory air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.
  • Active Military Service - Having a family member in the military may qualify for rate reductions.

Keep in mind that most discounts do not apply to all coverage premiums. Most only cut specific coverage prices like comprehensive or collision. So when it seems like having all the discounts means you get insurance for free, you aren't that lucky. Any qualifying discounts will cut the cost of your policy.

The diagram below illustrates the comparison of Acura MDX insurance costs with and without discounts being applied to the rates. The costs are based on a male driver, no violations or accidents, Texas state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, marriage, homeowner, claim-free, and multi-car discounts applied.

A list of insurance companies and their possible discounts are outlined below.

  • State Farm may offer discounts for Drive Safe & Save, anti-theft, good student, Steer Clear safe driver discount, and defensive driving training.
  • Esurance policyholders can earn discounts including online shopper, anti-lock brakes, good driver, safety device, Switch & Save, and renters.
  • Progressive offers premium reductions for continuous coverage, online signing, multi-vehicle, good student, and online quote discount.
  • Liberty Mutual has discounts for teen driver discount, exclusive group savings, new vehicle discount, newly retired, new move discount, and multi-policy.
  • Auto-Owners Insurance has savings for safe vehicle, group or association, mature driver, paperless, good student, and air bags.
  • GEICO offers discounts including five-year accident-free, multi-policy, membership and employees, daytime running lights, emergency military deployment, and multi-vehicle.

Before purchasing a policy, check with each company or agent how you can save money. Some discounts might not be offered on policies in Lubbock. To view providers that provide some of the discounts listed above in Texas, click here.

Coverage statistics and figures

The premium table below showcases detailed analysis of insurance rates for Acura MDX models. Having insight into how prices are formulated can be valuable when making decisions on the best policy coverages.

Acura MDX Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $362 $570 $462 $28 $138 $1,560 $130
MDX with Tech Package 4WD $362 $672 $462 $28 $138 $1,662 $139
MDX with Tech/Entertainment 4WD $362 $672 $462 $28 $138 $1,662 $139
MDX Advance 4WD $362 $672 $462 $28 $138 $1,662 $139
MDX Advance/Entertainment 4WD $362 $672 $462 $28 $138 $1,662 $139
Get Your Own Custom Quote Go

Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Information does not factor in zip code location which can affect prices greatly.

The information below demonstrates how choosing different deductibles and can influence Acura MDX insurance prices for each age group. The information is based on a married male driver, full physical damage coverage, and no discounts are factored in.

Impact of careless driving on car insurance rates

The illustration below shows how violations and at-fault accidents influence Acura MDX annual premium costs for each age group. The data assumes a married female driver, comp and collision included, $250 deductibles, and no discounts are taken into consideration.

Rate comparison of men versus women

The illustration below illustrates the comparison of Acura MDX car insurance costs for male and female drivers. The rate quotes are based on no accidents or driving violations, full physical damage coverage, $1,000 deductibles, single marital status, and no discounts are factored in.

Full coverage versus liability-only

The diagram below shows the difference between Acura MDX car insurance rates when comparing full coverage to state minimum liability only. The rates are based on no tickets, no at-fault accidents, $100 deductibles, marital status is single, and no discounts are factored in.

When to switch to liability coverage only

There is no set rule that is best for determining when to drop full coverage on your policy, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

For example, let's pretend your Acura MDX settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $5,000 after paying your deductible. If it's costing in excess of $500 annually for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some cases where removing full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to keep full coverage to protect the lienholder's interest in the vehicle. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should maintain full coverage.

Lower Your Lubbock Insurance Prices

Many things are considered when you quote your car insurance policy. Some are obvious like a motor vehicle report, although others are less apparent such as whether you are married or your commute time. When buying car insurance it's important to understand a few of the rating criteria that come into play when calculating the price you pay for car insurance. When you know what positively or negatively positively or negatively impacts your premiums, this allows you to make good choices that may reward you with better car insurance rates.

Don't skimp on liability - Your policy's liability coverage will afford coverage if a jury decides you are liable for damages from an accident. Your liability coverage provides for a legal defense to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should buy more than the minimum limits required by law.

Performance affects costs - The type of car, truck or SUV you are buying insurance for makes a big difference in your premium level. Economy passenger vehicles generally have the cheapest insurance rates, but the cost you end up paying is determined by many additional factors.

The chart below is based on a married male driver age 50, full coverage with $500 deductibles, and no discounts or violations. It illustrates Acura MDX rates compared to other models of vehicles that have different performances.

No policy gaps is important - Not maintaining insurance is against the law and any future policy may cost more because you let your insurance coverage expire. In addition to paying higher rates, not being able to provide proof of insurance may result in a steep fine or even jail time. You may need to submit proof of financial responsibility or a SR-22 with the Texas motor vehicle department.

Higher rates for stressful vocations - Careers such as doctors, business owners, and dentists tend to have higher premiums than the average policyholder due to intense work requirements and lots of time spent at work. Conversely, occupations like professors, historians and the unemployed generally pay rates lower than average.

Low deductibles cost more - Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, covers your vehicle from damage. A few examples of covered claims are collision with another vehicle, vandalism, or theft. Comprehensive and collision coverage deductibles represent how much money you are required to pay in the event of a claim. The larger the amount you choose to pay out-of-pocket, the less money you will pay for car insurance.

Alarm systems save money - Selecting a car model that has a built-in theft deterrent system can help lower your rates. Anti-theft features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help stop vehicle theft.

Premiums are high for teenagers - Older people are shown to be more cautious, file fewer claims, and tend to be get fewer driving tickets. Teenage drivers have been known to be easily distracted when driving with friends so they pay higher car insurance rates.

The following data assumes a single driver, full coverage with $100 deductibles, and no discounts or violations.

Your location is important - Having an address in a small town is a good thing when trying to find low car insurance rates. People who live in big cities regularly have much more traffic and longer commute times. Fewer drivers on the road corresponds to lower accident rates.

Acura MDX claim statistics - Insurers use data from past claims to help determine costs. Models that the statistics show to have a trend towards higher claims will have a higher premium rate. The next table shows the insurance loss data for Acura MDX vehicles.

For each type of coverage, the claim amount for all vehicles, as an average, is considered to be 100. Percentage numbers below 100 are indicative of better than average losses, while numbers that are greater than 100 point to more frequent losses or an increased chance of a larger loss.

Acura MDX Insurance Loss Statistics
Specific Acura 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 from IIHS.org for 2013-2015 Model Years

When to contact a local insurance agent

Some people still prefer to get professional advice from a licensed agent and there is nothing wrong with that. A good thing about comparing insurance prices online is that you can find cheap car insurance quotes and still have an agent to talk to.

To help locate an agent, after submitting this quick form, your information is sent to companies in Lubbock who will give you quotes for your business. You won't need to leave your house because quoted prices will be sent to you directly. Get lower rates without a big time investment. If you have a need to get a rate quote from one company in particular, you just need to find their quoting web page and complete a quote there.

Picking an provider requires you to look at more than just a cheap quote. Here are some questions you might want to ask.

  • Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
  • Do you have coverage for a rental car if your vehicle is in the repair shop?
  • How experienced are they in personal risk management?
  • Can you use your own choice of collision repair facility?
  • Does the agency have a good rating with the Better Business Bureau?
  • If independent agents, which companies do they recommend?

Best car insurance agent in Lubbock

If you need to find a local Lubbock insurance agent, there are a couple of different types of agents and how they can write your policy. Agents in Lubbock are considered either exclusive agents or independent agents.

Exclusive Car Insurance Agencies

These agents work for only one company and examples are Allstate, Farmers Insurance or State Farm. These agents are not able to place coverage with different providers so they are skilled at selling on more than just price. These agents are usually well trained on their company's products and that enables them to sell even at higher rates. Consumers sometimes buy from the same agent for years mostly because of loyalty to the company and strong financial ratings.

The following is a list of exclusive agencies in Lubbock who may provide you with price quotes.

View more Lubbock agents

Independent Agents (or Brokers)

These type of agents do not have single company limitations so they can quote policies with many different companies and possibly get better coverage at lower prices. If they find a lower price, they can switch companies in-house which makes it simple for you.

When comparing car insurance prices, we recommend you compare quotes from at a minimum one independent agency to maximize your price options. Many independent agencies also insure through additional companies that you may not be familiar with that many times have cheaper rates.

Below is a short list of independent agencies in Lubbock that can give you price quotes.

View more Lubbock agents

How much can you save?

Consumers who switch companies do it for any number of reasons including not issuing a premium refund, policy non-renewal, high prices or even questionable increases in premium. Regardless of your reason for switching companies, finding a new company is actually quite simple.

Budget-friendly insurance in Lubbock is possible from both online companies and from local insurance agents, and you should compare rates from both in order to have the best price selection to choose from. There are still a few companies who do not provide price quotes online and many times these regional insurance providers prefer to sell through local independent agents.

We covered a lot of ways to reduce Acura MDX insurance premium rates online in Lubbock. It's most important to understand that the more you quote Lubbock car insurance, the higher the chance of saving money. You may even be surprised to find that the best price on insurance is with a smaller regional carrier.

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