Compare Acura MDX Insurance Rates in Fort Worth

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If you want to save money, the best way to find affordable quotes for Acura MDX insurance in Fort Worth is to regularly compare price quotes from providers who sell insurance in Texas.

  • Step 1: Take a little time to learn about coverages and the things you can control to prevent rate increases. Many policy risk factors that result in higher prices such as speeding and an imperfect credit score can be amended by improving your driving habits or financial responsibility.
  • Step 2: Request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from a single company like GEICO or Farmers Insurance, while independent agents can provide rate quotes from multiple sources.
  • Step 3: Compare the price quotes to your current policy to see if switching to a new carrier will save money. If you can save some money and switch companies, verify that coverage does not lapse between policies.

The key thing to remember is to compare the same deductibles and limits on each quote request and and to get price quotes from as many companies as feasibly possible. Doing this enables an apples-to-apples comparison and a complete price analysis.

Insurance rates Acura MDX in Fort WorthIt's easy to assume that auto insurance companies don't want you to compare rates. Consumers who compare other prices are very likely to buy a new policy because they stand a good chance of finding good coverage at a lower price. A recent auto insurance study revealed that drivers who shopped around every year saved as much as $3,500 over four years compared to those who never shopped around for lower prices.

If finding the cheapest price for Acura MDX insurance is your ultimate target, then learning about the best way to quote and compare insurance premiums can save time and money.

If you have coverage now, you will most likely be able to shop for the lowest rates using these tips. Locating the most cost-effective auto insurance policy in Fort Worth seems hard but is not really that difficult. Nevertheless, Texas vehicle owners must comprehend the way companies price insurance differently.

When looking for the cheapest Acura MDX rate quotes, there are a couple ways of comparing price quotes from all the different companies. The fastest way to compare rates is to use the internet to compare rates.

It's so easy to compare rates online that it makes it obsolete to call or drive to each insurance agency near you. The ability to buy insurance online eliminates the need for an insurance agent unless you're the type of person who wants the advice and guidance that only an agent can give. Drivers can get prices online but purchase the actual policy in an agency. When comparing insurance rates, know that comparing all the rates in your area increases the chance that you will find the best offered rates.

The car insurance companies shown below have been selected to offer quotes in Texas. If more than one company is shown, we suggest you visit several of them to get the lowest price.

Acura MDX insurance rates and statistics

The price information displayed below highlights estimates of coverage prices for Acura MDX models. Knowing how premiums are established helps drivers make informed decisions.

Acura MDX Insurance Rates in Fort Worth, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $196 $306 $430 $26 $128 $1,086 $91
MDX with Tech Package 4WD $196 $360 $430 $26 $128 $1,140 $95
MDX with Tech/Entertainment 4WD $196 $360 $430 $26 $128 $1,140 $95
MDX Advance 4WD $196 $360 $430 $26 $128 $1,140 $95
MDX Advance/Entertainment 4WD $196 $360 $430 $26 $128 $1,140 $95
Get Your Own Custom Quote Go

Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Table data does not factor in specific location which can impact insurance rates substantially.

Physical damage deductibles: Should you raise them?

One common question asked by Fort Worth drivers is the level to set your comp and collision deductibles. The figures shown below may help to conceptualize how much more rates are between low and high physical damage deductibles. The first table uses a $100 deductible for comprehensive and collision coverage and the second price table uses a $1,000 deductible.

Acura MDX insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $412 $592 $382 $22 $114 $1,547 $129
MDX with Tech Package 4WD $412 $698 $382 $22 $114 $1,653 $138
MDX with Tech/Entertainment 4WD $412 $698 $382 $22 $114 $1,653 $138
MDX Advance 4WD $412 $698 $382 $22 $114 $1,653 $138
MDX Advance/Entertainment 4WD $412 $698 $382 $22 $114 $1,653 $138
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Acura MDX insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $228 $312 $382 $22 $114 $1,058 $88
MDX with Tech Package 4WD $228 $368 $382 $22 $114 $1,114 $93
MDX with Tech/Entertainment 4WD $228 $368 $382 $22 $114 $1,114 $93
MDX Advance 4WD $228 $368 $382 $22 $114 $1,114 $93
MDX Advance/Entertainment 4WD $228 $368 $382 $22 $114 $1,114 $93
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Price information does not factor in specific garaging location which can revise premium rates substantially.

Based on the figures above, using a $100 deductible will cost you about $44 more each month or $528 every year than quoting the higher $1,000 deductible. Since you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you have at a minimum 20 months between claim filings, you would probably save some money if you choose a higher deductible.

How to calculate deductible break even period

Average monthly premium for $100 deductibles: $136
Average monthly premium for $1,000 deductibles (subtract): - $92
Monthly savings from raising deductible: $44
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $44
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

Drive safe and save

The chart below demonstrates how traffic citations and accidents can affect Acura MDX insurance costs for each different age category. The information is based on a married female driver, full coverage, $250 deductibles, and no additional discounts are factored in.

Full coverage versus liability only rates

The diagram below compares Acura MDX yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The prices are based on no claims or driving citations, $500 deductibles, drivers are not married, and no discounts are taken into consideration.

When to drop comp and collision

There is no definitive formula of when to drop full coverage, but there is a general convention. If the annual cost of your full coverage insurance is more than 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let's assume your Acura MDX book value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $3,000 after paying the physical damage deductible. If you are paying more than $300 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are a few situations where eliminating full coverage is not in your best interest. If you haven't satisfied your loan, you have to carry full coverage to protect the lienholder's interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not opt for liability only.

Lower Your Fort Worth Insurance Costs

Many different elements are taken into consideration when quoting car insurance. Some of the criteria are obvious like your driving record, although some other factors are less obvious such as your marital status or your vehicle rating. Part of the insurance buying process is learning some of the things that help calculate insurance rates. When you know what positively or negatively impacts premium levels, this enables informed choices that may reward you with lower premium levels.

How much liability coverage - Liability insurance is the coverage that protects you when you are found to be at fault for an accident. It provides you with a defense in court which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so drivers should carry high limits.

Be proud to be claim-free - Car insurance companies in Texas generally give discounts to insureds who only file infrequent claims. If you frequently file small claims, you can expect higher premiums or even policy non-renewal. Auto insurance is intended to be relied upon for claims that you cannot pay yourself.

You may save more by bundling policies - Most larger companies allow a discount to policyholders who buy several policies from them, otherwise known as a multi-policy discount. The discount can add up to ten or even up to twenty percent in some cases. Even if you already get this discount, you still need to get quotes from other companies to help guarantee you have the best rates.

Advanced alarms and GPS tracking - Buying a car that has an advanced theft prevention system can help bring down rates. Advanced theft deterrents like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent your car from being stolen.

Never allow your insurance to lapse - Not maintaining insurance can get your license suspended and you will pay a penalty because you let your insurance coverage expire. And not only will insurance be more expensive, failure to provide proof of insurance could earn you a license revocation or jail time.

Pay less with a high safety rating - Safer cars tend to have lower insurance rates. The safest vehicles protect occupants better and better occupant protection means less money paid by your insurance company and more competitive rates for policyholders. If your Acura MDX has ratings of a minimum four stars on Safercar.gov or an "acceptable" rating on iihs.org you may pay a lower rate.

Insurance loss data for an Acura MDX - Insurers use historical loss data to help set a rate to offset losses. Vehicles that are shown to have higher prevalence or dollar amount of losses will have higher rates.

The next table shows the insurance loss data for Acura MDX vehicles. For each policy coverage type, the claim amount for all vehicles, as an average, is considered to be 100. Numbers that are below 100 suggest a positive loss record, while numbers above 100 point to more frequent losses or an increased chance of larger losses than average.

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

Auto insurance does more than just protect your car

Despite the high cost, insurance serves several important purposes.

  • Just about all states have minimum liability requirements which means state laws require a minimum amount of liability coverage in order to license the vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a lien on your Acura, it's most likely the lender will require you to have physical damage coverage to guarantee their interest in the vehicle. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Acura at a much higher premium rate and require you to fork over for the expensive policy.
  • Auto insurance preserves not only your Acura but also your financial assets. It will also cover all forms of medical expenses for yourself as well as anyone injured by you. Liability insurance will also pay attorney fees if you are named as a defendant in an auto accident. If mother nature or an accident damages your car, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.

The benefits of insuring your MDX outweigh the cost, particularly for liability claims. But the average American driver is currently overpaying as much as $800 each year so compare rates at every renewal to save money.