Car Insurance Quotes for an Acura MDX in Oklahoma City

It’s an obvious statement that insurance companies don’t want you quoting rates from other companies. Consumers who perform rate comparisons will probably switch companies because they have a good chance of finding lower prices. Surprisingly, a recent survey revealed that people who routinely shopped around saved approximately $3,450 over four years compared to people who never shopped around.

If saving money on Acura MDX insurance is your goal, then having a grasp of how to get free comparison quotes and analyze coverages can save time and make the process easier.

Really, the only way to get low-cost Acura MDX insurance in Oklahoma City is to regularly compare price quotes from insurance carriers who sell insurance in Oklahoma. Prices can be compared by following these steps.

1. Learn about coverages and the measures you can take to keep rates down. Many risk factors that drive up the price such as at-fault accidents, speeding tickets, and a substandard credit history can be remedied by making lifestyle changes or driving safer. Keep reading for ideas to lower rates and earn a bigger discount.
2. Obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give prices from one company like GEICO or Farmers Insurance, while independent agents can quote rates for a wide range of companies.
3. Compare the new rate quotes to your current 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.

One piece of advice is to compare similar deductibles and liability limits on every quote and to quote with as many companies as feasibly possible. Doing this enables a fair price comparison and many rates to choose from.

The providers in the list below have been selected to offer price comparisons in Oklahoma City, OK. If multiple providers are shown, we recommend you click on several of them to find the cheapest car insurance rates.

Affordable Oklahoma City car insurance quotes with discounts

Car insurance can be pricey, but you may qualify for discounts that you may not know about. Some trigger automatically when you get a quote, but a few must be inquired about before you will receive the discount. If you’re not getting every credit available, you’re just leaving money on the table.

• Early Renewal Discounts – Some insurance companies provide a discount for buying a new policy prior to the expiration date on your current MDX insurance policy. It’s a savings of about 10%.
• Driver Safety – Participating in a course in safe driver could save 5% or more if you qualify.
• Discounts for Multiple Vehicles – Buying insurance for multiple cars on one policy can get a discount on all vehicles.
• Mature Driver Discount – If you qualify as a senior citizen, you can get lower premium rates.
• Good Student – Being a good student can get you a discount of up to 25%. You can use this discount normally until age 25.
• Homeowners Savings – Owning a house in Oklahoma City can earn you a little savings since home ownership requires a higher level of personal finance.
• Paperwork-free – Many companies will give you a small discount for buying your policy on your computer.
• First Accident Forgiveness – This one is not really a discount per se, but certain companies will forgive one accident without raising rates so long as you are claim-free for a specific time period.

Remember that most of the big mark downs will not be given to the overall cost of the policy. Most only apply to specific coverage prices like liability, collision or medical payments. Despite the fact that it seems like adding up those discounts means a free policy, it doesn’t quite work that way.

The information below visualizes the comparison of Acura MDX auto insurance costs with and without some available policy discounts. Data assumes a female driver, no claims, a clean driving record, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, marriage, homeowner, multi-policy, and safe-driver discounts applied.

Car insurance companies that possibly offer many of the previously listed discounts are:

• Farmers Insurance
• State Farm
• Liberty Mutual
• MetLife
• Progressive

If you are trying to find inexpensive Oklahoma City car insurance quotes, ask each company which discounts you may be entitled to. Savings may not be available in every state. If you would like to see a list of car insurance companies that provide some of the discounts listed above in Oklahoma City, click here.

Acura MDX insurance statistics and information

The coverage information shown next showcases estimates of insurance policy prices for Acura MDX models. Having a better idea how insurance prices are established can assist in making smart policy decisions.

Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Rates do not factor in specific location information which can revise auto insurance rates considerably.

Can higher deductibles save money?

When buying insurance, a common question is how high should the physical damage coverage deductibles be. The premium rates below can help you understand the difference in cost when you choose different comp and collision deductibles. The first pricing table uses a $250 comprehensive and collision deductible and the second price grid uses a $1,000 deductible.

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

Based on the figures above, using a $250 deductible costs about $36 more each month or $432 every year averaged for all MDX models than opting for the higher $1,000 deductible. Since you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you have at least 21 months between claim filings, you would come out ahead if you opt for a higher deductible.

The illustration below demonstrates how choosing different deductibles and can change Acura MDX insurance premiums for each different age category. The costs are based on a single female driver, full physical damage coverage, and no discounts are taken into consideration.

Cautious drivers save money

The illustration below highlights how speeding tickets and at-fault accidents impact Acura MDX premium costs for different age groups of insureds. The prices are based on a single male driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.

Acura MDX liability-only versus full coverage

The diagram below illustrates the difference between Acura MDX auto insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rates are based on a clean driving record, no at-fault accidents, $1,000 deductibles, single marital status, and no additional discounts are factored in.

When to drop comp and collision

There is no definitive formula for dropping comp and collision coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let’s say your Acura MDX replacement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $2,000 after the deductible is paid. If you are currently paying more than $200 a year to have full coverage, the it may be a good time to stop paying for full coverage.

There are some circumstances where removing full coverage is not in your best interest. If you still have a lienholder on your title, you are required to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage.

How to Lower Your Insurance Costs

One of the most helpful ways to save on car insurance is to to have a grasp of the factors that aid in calculating the rates you pay for car insurance. If you have a feel for what controls the rates you pay, this enables informed choices that could help you find lower rates. Many factors are part of the equation when premium rates are determined. A few of the factors are predictable like a motor vehicle report, although some other factors are less apparent like your vehicle usage or your financial responsibility.

Shown below are just a few of the factors used by companies to determine your rates.

• Older drivers pay less – More experienced drivers are viewed as being more responsible, are lower risk to insure, and usually have better credit. Teen drivers are statistically shown to be more careless in a vehicle therefore car insurance rates are much higher.

  The next chart uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.

• Being married equates to better prices – Your spouse may save some money when shopping for car insurance. Having a spouse generally demonstrates drivers are more responsible it has been statistically shown that being married results in fewer claims.
• Poor credit decisions can cost you – Having a good credit history is a big factor in calculating your premium rate. People that have high credit scores tend to be better drivers and file fewer claims as compared to drivers with worse credit. If your credit score is not that good, you could save money insuring your Acura MDX by improving your rating.
• Theft deterrents lowers premiums – Selecting a car model with a theft deterrent system can earn a premium discount. Anti-theft features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart auto theft and help lower rates.
• Car insurance lapses raise premiums – Driving without insurance coverage in place is a misdemeanor and you may have a hard time finding new coverage because you let your coverage lapse. Not only will rates go up, failure to provide proof of insurance could earn you a hefty fine and possibly a revoked license.

• Which gender costs less? – Statistics have proven that women are safer drivers than men. Now that doesn’t mean women are better drivers. Females and males are responsible for auto accidents at a similar rate, but guys cause more damage and cost insurance companies more money. Men also tend to get ticketed for serious violations such as driving while intoxicated (DWI) or driving recklessly. Males from age 16 to 21 generally have the highest accident percentage and are penalized with high car insurance rates.

  The illustration below illustrates the difference between Acura MDX premium costs for male and female drivers. The price estimates are based on a clean driving record, no claims, full coverage, $100 deductibles, single marital status, and no other discounts are factored in.

• Liability protection preserves assets – Your car insurance policy’s liability coverage will protect you when you are found to be at fault for causing damage or personal injury in an accident. Liability provides legal defense coverage to defend your case. Liability insurance is pretty cheap compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.

• Claims statistics for an Acura MDX – Companies factor in insurance loss information in order to profitably underwrite each model. Models that the data determines to have higher number or severity of losses will be charged more to insure.

  The table shown below demonstrates the insurance loss data for Acura MDX vehicles. For each coverage type, the statistical loss for all vehicles averaged together is represented as 100. Percentage values below 100 suggest a better than average loss history, while numbers above 100 show a trend for more claims or tendency to have higher losses.

  
  

  Insurance Loss Ratings for Acura MDX Vehicles

  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

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