Save Money on Acura MDX Insurance in Lexington

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

Amazingly, most car insurance buyers have been with the same company for more than four years, and nearly the majority have never even compared quotes to find lower-cost rates. Kentucky consumers could save $600 a year, but they feel it's too difficult to compare other rate quotes.

Insurance quote for Acura MDX in LexingtonThe best way to get budget Acura MDX insurance in Lexington is to annually compare prices from companies in Kentucky.

  • First, try to understand car insurance and the steps you can take to prevent expensive coverage. Many risk factors that cause rate increases such as traffic tickets, fender benders, and a lousy credit rating can be controlled by making small lifestyle or driving habit changes.
  • Second, quote rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like Progressive or Allstate, while agents who are independent can quote rates from many different companies.
  • Third, compare the new rates to the price on your current policy to determine if switching companies saves money. If you find a lower rate, make sure there is no lapse in coverage.
  • Fourth, give notification to your current company of your decision to cancel your existing policy and submit the signed application along with the required initial payment for your new policy. Once the paperwork is finalized, put the new certificate of insurance along with the vehicle's registration papers.

One key aspect when comparing rates is that you'll want to make sure you compare the same amount of coverage on each quote request and and to get rate quotes from every insurance company. This ensures an apples-to-apples comparison and a thorough selection of prices.

Buy Lexington Acura MDX insurance online

Reducing your Acura MDX insurance rates doesn't have to be difficult. The only thing you need to do is spend a little time comparing rates from different insurance companies.

The following companies are our best choices to provide price quotes in Kentucky. To find cheaper car insurance in Kentucky, we recommend you visit several of them in order to find the most affordable rates.

Premium rates and analysis

The table below covers detailed analysis of insurance premium costs for Acura MDX models. Learning more about how insurance quotes are formulated is important for you to make decisions when shopping around.

Acura MDX Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $222 $336 $368 $22 $110 $1,058 $88
MDX with Tech Package 4WD $222 $396 $368 $22 $110 $1,118 $93
MDX with Tech/Entertainment 4WD $222 $396 $368 $22 $110 $1,118 $93
MDX Advance 4WD $222 $396 $368 $22 $110 $1,118 $93
MDX Advance/Entertainment 4WD $222 $396 $368 $22 $110 $1,118 $93
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Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Rates do not factor in zip code location which can impact insurance rates significantly.

Physical damage deductibles

One of the more difficult decisions when buying car insurance is how high should your deductibles be. The tables below highlight the cost difference when you choose different policy deductibles. The first table uses a $100 physical damage coverage deductible and the second price table uses a $500 deductible.

Acura MDX insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $354 $508 $326 $20 $98 $1,331 $111
MDX with Tech Package 4WD $354 $598 $326 $20 $98 $1,421 $118
MDX with Tech/Entertainment 4WD $354 $598 $326 $20 $98 $1,421 $118
MDX Advance 4WD $354 $598 $326 $20 $98 $1,421 $118
MDX Advance/Entertainment 4WD $354 $598 $326 $20 $98 $1,421 $118
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Acura MDX insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $258 $342 $326 $20 $98 $1,044 $87
MDX with Tech Package 4WD $258 $404 $326 $20 $98 $1,106 $92
MDX with Tech/Entertainment 4WD $258 $404 $326 $20 $98 $1,106 $92
MDX Advance 4WD $258 $404 $326 $20 $98 $1,106 $92
MDX Advance/Entertainment 4WD $258 $404 $326 $20 $98 $1,106 $92
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rates do not factor in specific location which can impact insurance rates considerably.

Based on these figures, using a $100 deductible will cost you approximately $26 more each month or $312 for a full year across all Acura MDX models than selecting the higher $500 deductible. Because you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you usually have at least 15 months between claims, you would probably be better off if you decide on a higher deductible.

Calculate deductible break even point

Average monthly premium for $100 deductibles: $117
Average monthly premium for $500 deductibles (subtract): - $91
Monthly savings from raising deductible: $26
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

An important sidenote is that raising deductibles to get cheaper rates means you will have to pay more at claim time. That will necessitate some savings in order to pay the deductible for vehicle repair.

The diagram below shows how choosing a deductible and can impact Acura MDX insurance prices for different categories of driver ages. The rates are based on a single female driver, comp and collision included, and no discounts are factored in.

How violations and accidents impact rates

The diagram below demonstrates how speeding tickets and at-fault fender-benders drive up Acura MDX auto insurance rates for different insured age categories. The premium estimates are based on a single male driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.

Auto insurance discounts are available to cut your rates

Some insurance providers do not list their entire list of discounts in an easy-to-find place, so the following is a list of both well-publicized and also the lesser-known discounts that you can inquire about if you buy Lexington auto insurance online.Auto insurance discounts

  • Military Deployment Discount - Having an actively deployed family member can result in better auto insurance rates.
  • Sign Early and Save - Some companies provide a discount for switching policies early. You can save around 10% with this discount.
  • Telematics Data - Drivers who elect to allow their auto insurance company to monitor driving patterns remotely like In-Drive from State Farm and Progressive's Snapshot may get a rate reduction if they exhibit good driving behavior.
  • Driver's Ed - It's a good idea to have your young drivers enroll in driver's education in school.
  • Accident Waiver - Not really a discount, but companies like Liberty Mutual and GEICO will forgive one accident without raising rates with the catch being you have to be claim-free for a specific time period.
  • Bundle and Save - When you have multiple policies and place coverage with the same company you could save 10% to 20% off each policy.
  • Discount for Life Insurance - If the company offers life insurance, you could get a break if you buy some life insurance in addition to your auto policy.
  • Discount for Passive Restraints - Cars that have air bags and/or automatic seat belt systems may qualify for discounts up to 30%.

Just know that some credits don't apply to the entire cost. Most only cut the cost of specific coverages such as liability, collision or medical payments. If you do the math and it seems like having all the discounts means you get insurance for free, auto insurance companies aren't that generous. But all discounts will definitely lower your policy premiums.

The information below compares Acura MDX car insurance rates with and without discounts applied to the premium. The data assumes a female driver, a clean driving record, no at-fault accidents, Kentucky state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, multi-policy, marriage, safe-driver, and claim-free discounts applied.

If you would like to see a list of companies with significant discounts in Lexington, click here to view.

Why you need auto insurance

Despite the high cost, insuring your vehicle is not optional due to several reasons.

  • Just about all states have mandatory liability insurance requirements which means state laws require specific minimum amounts of liability in order to license the vehicle. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If you have a lien on your Acura MDX, most banks will require that you buy insurance to protect their interest in the vehicle. If you default on your policy, the bank or lender will purchase a policy for your Acura at a significantly higher premium and force you to pay for it.
  • Auto insurance protects your Acura and your assets. It will also cover all forms of medical expenses that are the result of an accident. As part of your policy, liability insurance also covers legal expenses if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, your policy will pay all costs to repair after the deductible has been paid.

The benefits of buying enough insurance are definitely more than the cost, particularly when you have a large claim. An average driver in America is wasting up to $865 each year so compare quotes from several companies at every renewal to save money.

It's not one size fits all

When it comes to choosing a policy, there isn't really a cookie cutter policy. Everyone's situation is unique and your auto insurance should unique, too.Auto insurance savings For example, these questions could help you determine whether your personal situation will benefit from professional help.

  • When should I not file a claim?
  • How can I force my company to pay a claim?
  • How much liability coverage do I need in Kentucky?
  • What are the best liability limits?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Do I have coverage when making deliveries for my home business?
  • What does medical payments coverage do?
  • Am I missing any policy discounts?
  • What states are considered no-fault?

If it's difficult to answer those questions but one or more may apply to you, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier It is quick, free and you can get the answers you need.

Comparing rates from local Lexington insurance agents

Some consumers would rather buy from a local agent and that is just fine! Professional agents are trained to spot inefficiencies and will help you if you have claims. An additional benefit of comparing rate quotes online is that you can obtain lower auto insurance rates and still have an agent to talk to. And providing support for neighborhood insurance agencies is especially important in Lexington.

For easy comparison, once you complete this simple form, the quote information is sent to companies in Lexington who will give competitive quotes for your insurance coverage. There is no reason to visit any agencies since price quotes are sent to you directly. If you need to quote rates from one company in particular, just visit that company's website and give them your coverage information.

If you are wanting to purchase car insurance from a reliable insurance agency, there are two different agency structures to choose from. Agencies in Lexington can be described as either independent agents or exclusive agents depending on their employer. Either one can sell car insurance policies, but we need to point out the differences since it can impact which agent you choose.

Independent Car Insurance Agencies or Brokers

These agents are not employed by one company and that is an advantage because they can write policies with an assortment of companies and get the cheapest rates. If they find a cheaper price, they simply switch companies in-house and you don't have to find a new agent.

When comparing car insurance rates, we highly recommend that you compare prices from several independent insurance agents so that you have a good selection of quotes to compare. Most can insure with small mutual carriers that may have much lower rates than larger companies.

Listed below are independent agencies in Lexington that may be able to give you competitive price quotes.

More insurance agents

Exclusive Agencies

Exclusive insurance agents can only provide one company's prices such as State Farm or Allstate. Exclusive agents are unable to place coverage with different providers so they are skilled at selling on more than just price. These agents are well trained on their products and sales techniques which helps them compete with independent agents. A lot of people purchase coverage from exclusives mainly due to the prominence of the brand and the convenience of having a single billing for all their coverages.

The following are Lexington exclusive insurance agencies that are able to give comparison quotes.

More insurance agents

Finding the right auto insurance agent shouldn't rely on just a cheap price. Here are some questions you might want to ask.

  • Do they make recommendations based only on price?
  • Are there any discounts that you might be missing?
  • Has the agent ever had any license suspensions?
  • Will their companies depreciate repairs to your car based on the mileage?
  • Does the agency provide any after hours assistance?
  • Can you choose the body shop in case repairs are needed?

Car insurance coverage information

Knowing the specifics of insurance can help you determine the right coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Below you'll find typical coverages found on most insurance policies.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle's occupants when other motorists are uninsured or don't have enough coverage. This coverage pays for injuries sustained by your vehicle's occupants and damage to your Acura MDX.

Because many people only carry the minimum required liability limits (Kentucky limits are 25/50/10), their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time these limits are set the same as your liability limits.

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as a tree branch falling on your vehicle, hitting a bird and falling objects. The maximum payout you'll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for bills like pain medications, prosthetic devices and rehabilitation expenses. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants in addition to getting struck while a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

Collision coverage will pay to fix damage to your MDX caused by collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as crashing into a ditch, hitting a mailbox, hitting a parking meter and damaging your car on a curb. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. It's also possible to bump up the deductible on your MDX to save money on collision insurance.

Liability auto insurance

This can cover damages or injuries you inflict on people or other property that is your fault. It protects YOU against other people's claims, and doesn't cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 25/50/10 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $10,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers things such as repair bills for other people's vehicles, legal defense fees, court costs and repair costs for stationary objects. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as high a limit as you can afford. Kentucky requires drivers to carry at least 25/50/10 but drivers should carry better liability coverage.

The next chart demonstrates why the minimum limit may not provide adequate coverage.