Best Ways to Save on Madison Acura MDX Insurance

If you want to save the most money, the best way to find affordable Acura MDX insurance in Madison is to compare prices at least once a year from companies who sell insurance in Wisconsin. You can compare rates by following these guidelines.

Step 1: Try to learn about how car insurance works and the measures you can take to keep rates in check. Many policy risk factors that drive up the price like inattentive driving and your credit history can be controlled by improving your driving habits or financial responsibility.

Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive or Farmers Insurance, while independent agents can quote prices from multiple sources.

Step 3: Compare the new rates to your existing rates to see if a cheaper rate is available in Madison. If you can save some money and change companies, ensure there is no coverage lapse between policies.

Step 4: Give notification to your current company of your decision to cancel your current coverage and submit the required down payment along with the signed application for your new coverage. Once the application is submitted, store the proof of insurance paperwork along with your vehicle registration.

One thing to point out is to try to compare the same coverage limits and deductibles on every price quote and to quote with every insurance company. Doing this ensures an accurate price comparison and many rates to choose from.

Shockingly, the vast majority of consumers kept their policy with the same company for at least the last four years, and almost half have never even compared rates from other companies. Many drivers in Madison could save an average of about $400 each year just by getting comparison quotes, but they just assume it’s a time-consuming process to shop their coverage around.

Where can I get cheap Madison Acura MDX insurance?

All the larger car insurance companies like State Farm and Allstate allow consumers to get coverage price quotes on their websites. Comparing Acura MDX insurance rates online doesn’t take much effort because it’s just a matter of typing in your personal and coverage information as detailed in the form. After you complete the form, their rating system obtains information on your driving record and credit history and generates a price. Using the web to get rates for Acura MDX insurance in Madison makes it easy to compare insurance prices and it’s absolutely necessary to do this if you want to find the cheapest price possible.

If you want to get comparison pricing now, compare quotes from the companies shown below. If you have your current policy handy, we recommend you duplicate deductibles and limits just like they are on your policy. This ensures you’re receiving rate quotes for similar coverage.

The companies in the list below are our best choices to provide free rate quotes in Madison, WI. To find cheap car insurance in Wisconsin, we recommend you click on several of them to get the best price comparison.

Insurance does more than just protect your car

Despite the potentially high cost of Acura MDX insurance, paying for insurance is a good idea for several reasons.

• Most states have minimum mandated liability insurance limits which means state laws require a minimum amount of liability insurance in order to drive the car legally. In Wisconsin 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 bought your vehicle with a loan, it’s guaranteed your bank will make it mandatory that you buy insurance to guarantee payment of the loan. If you default on your policy, the bank or lender will purchase a policy for your Acura at a much higher premium rate and require you to fork over for it.
• Insurance protects your Acura and your assets. Insurance will also pay for medical bills incurred in an accident. Liability insurance, one of your policy coverages, will also pay attorney fees if you cause an accident and are sued. If mother nature or an accident damages your car, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of insuring your car greatly outweigh the cost, especially if you ever need it. But the average driver in Wisconsin is overpaying more than $820 a year so it’s recommended you shop around at every renewal to save money.

Coverage analysis

The rate table displayed below outlines different insurance policy prices for Acura MDX models. Being able to understand how insurance policy rates are established can assist in making smart choices when buying a policy.

Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Information does not factor in vehicle garaging location which can affect premiums noticeably.

Deductible analysis

When comparing car insurance rates, the most common question is which deductibles should you choose. The figures shown below may help to illustrate the costs and benefits of buying low and high comp and collision deductibles. The first set of rates uses a $250 physical damage coverage deductible and the second set of prices uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Estimates do not factor in specific Madison garaging location which can raise or lower price quotes greatly.

We can estimate from the data above that using a $250 deductible will cost you roughly $20 more each month or $240 each year averaged for all MDX models than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you have more than 38 months between claim filings, you would probably save some money going with the higher deductible.

The illustration below shows how choosing a deductible and can raise or lower Acura MDX insurance costs for different ages of insureds. The premium estimates are based on a married female driver, comp and collision included, and no additional discounts are factored in.

How accidents and tickets impact rates in Madison

The diagram below demonstrates how speeding tickets and at-fault claims raise Acura MDX insurance rates for different age categories. The prices are based on a married female driver, full physical damage coverage, $100 deductibles, and no discounts are factored in.

Price comparison of only insuring for liability

The illustration below shows the comparison of Acura MDX auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Wisconsin. The information is based on a clean driving record, no at-fault accidents, $500 deductibles, marital status is single, and no policy discounts are applied.

Guidelines for dropping full coverage

There is no set rule to drop physical damage coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is more than about 10% of the settlement you would receive from your company, then it might be time to buy liability only.

For example, let’s say your Acura MDX replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $4,000 after you pay the deductible. If premiums are more than $400 a year for physical damage coverage, the it may be a good time to stop paying for full coverage.

There are some scenarios where dropping physical damage coverage is not advised. If you have an outstanding loan on your vehicle, you are required to maintain full coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not consider dropping full coverage.

Cheaper rates on Acura MDX insurance in Madison with these discounts

Not many people think insurance is cheap, but you can get discounts to help bring down the price. Certain credits will be shown when you get a quote, but once in a while a discount must be asked about prior to getting the savings. If you are not receiving all the discounts you qualify for, it’s possible you qualify for a lower rate.

• Accident Waiver – This isn’t a discount exactly, but a few companies such as GEICO, State Farm, and Progressive permit an accident before they charge you more for coverage so long as you are claim-free for a certain period of time.
• Drivers Ed for Students – Teen drivers should complete a driver education course in school or through a local driver safety program.
• Telematics Devices – Insureds who allow their insurance company to track their driving habits through the use of a telematics system such as Drivewise from Allstate or Snapshot from Progressive might get better premium rates as long as the data is positive.
• Save over 55 – Drivers over the age of 55 may receive a small decrease in premiums.
• E-sign Discounts – Some of the larger companies will give a small break just for signing your application on your computer.

Please keep in mind that most discount credits are not given to the whole policy. Most only reduce the cost of specific coverages such as medical payments or collision. Despite the fact that it seems like you can get free auto insurance, it doesn’t quite work that way.

The diagram below shows the comparison of Acura MDX insurance rates with and without discounts being applied to the rates. The prices are based on a male driver, no driving violations, no at-fault accidents, Wisconsin 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 multi-car, multi-policy, marriage, safe-driver, homeowner, and claim-free discounts applied.

Large auto insurance companies and the discounts they provide can be found below.

• GEICO offers discounts including five-year accident-free, federal employee, air bags, daytime running lights, and defensive driver.
• Auto-Owners Insurance may have discounts that include good student, multi-policy, multiple vehicles, air bags, and group or association.
• American Family has savings for good student, air bags, good driver, Steer into Savings, accident-free, defensive driver, and bundled insurance.
• Esurance policyholders can earn discounts including renters, good driver, good student, online quote, and paid-in-full.
• Progressive discounts include good student, online signing, multi-vehicle, online quote discount, and continuous coverage.
• State Farm offers premium reductions for student away at school, multiple policy, multiple autos, good driver, safe vehicle, accident-free, and passive restraint.
• AAA may include discounts for anti-theft, pay-in-full, multi-car, good driver, AAA membership discount, education and occupation, and good student.

Check with each company or agent to apply every possible discount. Some discounts listed above might not be offered on policies in Madison. To see a list of insurance companies that can offer you the previously mentioned discounts in Madison, follow this link.

Insurance is available from your local insurance agencies

Some people prefer to go talk to an agent and we recommend doing that Good agents can help you build your policy and will help you if you have claims. One of the best bonuses of comparing rates online is that drivers can save money and get cheap rate quotes and still have an agent to talk to. Buying from and supporting local agents is still important in Madison.

To make it easy to find an agent, after completing this quick form, your insurance coverage information gets sent to participating agents in Madison who will give you quotes for your business. It makes it easy because there is no need to contact any agents since rate quotes are delivered instantly to you. If for some reason you want to get a comparison quote from a specific company, feel free to jump over to their website to submit a rate quote request.

If you’re trying to find a reliable insurance agent, you must know there are a couple types of insurance agents and how they are distinctly different. Insurance agencies in Madison are classified as either independent agents or exclusive agents. Both insure your vehicles properly, but it’s important to point out the differences because it can influence buying decisions.

Independent Insurance Agents

Agents that elect to be independent often have many company appointments so they have the ability to put coverage through lots of different companies enabling the ability to shop coverage around. If premiums increase, your agent can switch companies and you won’t have to switch agencies. If you need cheaper insurance rates, we recommend you get rate quotes from multiple independent agents to get the best comparison.

Listed below are Madison independent agencies that can give you comparison quotes.

More Madison agents

Exclusive Insurance Agents

Exclusive agents have only one company to place business with and examples are Farmers Insurance, Allstate, or State Farm. These agents are not able to provide rate quotes from other companies so it’s a take it or leave it situation. They are trained well on their products and sales techniques and that can be a competitive advantage.

The following is a short list of exclusive insurance agents in Madison who can help you get rate quotes.

More Madison agents

Finding the right insurance agency is decision based upon more than just the bottom line cost. A good agent in Madison will have answers to these questions.

• Do they have 24-hour customer assistance?
• Will the company cover a rental car if your car is getting fixed?
• Does the agency support the community they serve?
• Are they in the agency full-time?
• Will the agent help in case of a claim?

Cheaper auto insurance rates are available

When getting Madison car insurance quotes online, it’s not a good idea to reduce needed coverages to save money. There have been many situations where an insured dropped liability coverage limits only to regret that a couple dollars of savings turned into a financial nightmare. The aim is to buy the best coverage you can find for the lowest price and still be able to protect your assets.

The cheapest Acura MDX insurance in Madison is possible on the web and also from your neighborhood Madison agents, so you should be comparing quotes from both to have the best chance of lowering rates. A few companies do not offer the ability to get a quote online and these regional insurance providers work with independent agents.

We covered a lot of ways to compare Acura MDX insurance premium rates in Madison. The key thing to remember is the more companies you get prices for, the more likely it is that you will get a better rate. Drivers may even discover the best premium rates are with a small mutual company. Some small companies may have significantly lower prices on certain market segments than the large multi-state companies such as State Farm, GEICO and Nationwide.

Additional auto insurance information is available at the links below

• Older Drivers FAQ (iihs.org)
• What Car Insurance is Cheapest for Good Drivers in Madison? (FAQ)
• What Insurance is Cheapest for Lyft Drivers in Madison? (FAQ)
• How Much is Madison Auto Insurance for Low Income Drivers? (FAQ)
• Auto Insurance FAQ (Farmers Insurance)
• Can I Drive Legally without Insurance? (Insurance Information Institute)