Cheapest Insurance for an Acura TL in Orlando

It goes without saying that insurance companies want to keep your business as long as possible. Consumers who shop around at least once a year will most likely buy a different policy because the odds are good of finding a more affordable policy. Remarkably, a study showed that drivers who compared rate quotes regularly saved about $3,450 over four years compared to those who never compared prices.

If saving money on auto insurance in Orlando is why you’re here, then having some insight into how to find companies and compare cheaper coverage can help you succeed in finding affordable rates.

Insurance for Acura TLThe easiest way to get more affordable Acura TL insurance in Orlando is to do a yearly price comparison from companies in Florida.

First, read and learn about car insurance and the things you can control to drop your rates. Many risk factors that result in higher prices such as traffic violations and a lousy credit rating can be improved by making minor changes in your lifestyle. Later in this article we will cover additional ideas to find cheap rates and get additional discounts that may be available.

Second, request rate estimates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from a single company like Progressive or Farmers Insurance, while independent agencies can provide prices from many different companies.

Third, compare the new rates to the premium of your current policy and see if you can save money. If you find a lower rate, make sure the effective date of the new policy is the same as the expiration date of the old one.

Fourth, provide adequate notice to your current company of your intention to cancel the current policy and submit a signed application and payment to your new insurance company. Immediately place your new certificate verifying coverage with your vehicle’s registration.

An essential thing to point out is to use identical deductibles and limits on each quote and and to compare all possible companies. Doing this helps ensure an apples-to-apples comparison and the most accurate and complete price analysis.

Buying the cheapest car insurance in Orlando is really quite easy. If you have coverage now or just want a better rate, you can use these tips to get lower rates and still have adequate protection. Drivers just need to use the proper way to compare company rates instantly.

The quickest method we recommend to compare car insurance company rates for Acura TL insurance in Orlando takes advantage of the fact auto insurance companies allow for online access to compare rate quotes. All you need to do is give the companies some data like distance driven, the type of vehicles you drive, what you do for a living, and whether the vehicles are used for commuting. Those rating factors is instantly submitted to insurance carriers in your area and you get price estimates instantly to find the best rate.

To compare multiple company affordable Acura TL insurance rates now, click here and enter your coverage details.

The companies shown below can provide free quotes in Florida. To buy cheap auto insurance in Florida, it’s highly recommended you click on several of them to get the lowest price.

Rates and other information

The premium information shown next showcases different insurance rates for Acura TL models. Learning how auto insurance premiums are determined can assist in making informed decisions.

Acura TL Insurance Rates in Orlando, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
TL 3.5 $296 $516 $418 $24 $124 $1,378 $115
TL 3.5 W/Technology Package $296 $516 $418 $24 $124 $1,378 $115
TL 3.7 SH AWD $296 $516 $418 $24 $124 $1,378 $115
TL 3.7 SH W/Technology Package AWD $296 $594 $418 $24 $124 $1,456 $121
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Rates do not factor in zip code location which can lower or raise coverage rates greatly.

Choosing deductibles

One of the hardest decisions when shopping for insurance is where to set your physical damage deductibles. The following insurance rates can help show the rate difference when you select higher and lower comp and collision deductibles. The first pricing table uses a $250 deductible for physical damage and the second price grid uses a $1,000 deductible.

Acura TL insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
TL 3.5 $364 $640 $418 $24 $124 $1,595 $133
TL 3.5 W/Technology Package $364 $640 $418 $24 $124 $1,595 $133
TL 3.7 SH AWD $364 $640 $418 $24 $124 $1,595 $133
TL 3.7 SH W/Technology Package AWD $364 $736 $418 $24 $124 $1,691 $141
Get Your Own Custom Quote Go

Acura TL insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
TL 3.5 $224 $402 $418 $24 $124 $1,192 $99
TL 3.5 W/Technology Package $224 $402 $418 $24 $124 $1,192 $99
TL 3.7 SH AWD $224 $402 $418 $24 $124 $1,192 $99
TL 3.7 SH W/Technology Package AWD $224 $464 $418 $24 $124 $1,254 $105
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Price information does not factor in Orlando location which can increase or decrease coverage rates greatly.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you roughly $34 more each month or $408 a year than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at a minimum 22 months between claims, you would probably come out ahead if you opt for a higher deductible.

Should you buy full coverage?

The information below illustrates the comparison of Acura TL car insurance rates with full physical damage coverage compared to only buying liability only. The prices are based on a clean driving record, no claims, $500 deductibles, drivers are not married, and no policy discounts are applied.

Should you be buying full coverage?

There isn’t a steadfast formula of when to drop physical damage coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is 10% or more of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your Acura TL settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $7,000 after the deductible is paid. If premium cost is more than $700 a year for your policy with full coverage, then you might want to think about dropping full coverage.

There are a few cases where dropping physical damage coverage is not a good idea. If you haven’t paid off your loan, you must maintain physical damage coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

Car insurance in Florida serves several purposes

Even though it can be expensive, buying car insurance is required for several reasons.

First, most states have compulsory liability insurance requirements which means you are required to buy specific limits of liability protection if you don’t want to risk a ticket. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you bought your vehicle with a loan, it’s guaranteed your bank will require you to carry insurance to guarantee payment of the loan. If you let the policy lapse, the bank may buy a policy for your Acura for a much higher rate and make you pay for the much more expensive policy.

Third, car insurance protects both your Acura TL and your assets. Insurance will pay for all forms of medical expenses that are the result of an accident. One policy coverage, liability insurance, will also pay attorney fees if you are named as a defendant in an auto accident. If you have damage to your Acura as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.

The benefits of insuring your TL definitely exceed the cost, particularly for liability claims. Today the average American driver overpays more than $865 each year so it’s very important to do a rate comparison each time the policy renews to ensure rates are inline.

Get Lower-cost Insurance Rates by Understanding These Factors

Many factors are used when you get your auto insurance bill. Most are fairly basic such as your driving record, although others are more obscure like your vehicle usage or how financially stable you are.

The list below includes some of the items used by companies to determine your premiums.

Men tend to take more risk – The statistics show that women are safer drivers than men. That doesn’t necessarily mean that women are BETTER drivers than men. Both sexes tend to get into fender benders at a similar rate, but the men have accidents that have higher claims. They also have more aggressive citations like driving under the influence (DUI). Teenage male drivers are the most expensive to insure so it costs more to insure them.

The diagram below visualizes the comparison of Acura TL premium costs for male and female drivers. The premiums assume no claims or driving violations, full physical damage coverage, $250 deductibles, drivers are not married, and no discounts are applied to the premium.

Improve your credit score and save – Having a good credit rating is likely to be a major factor in determining what you pay for car insurance. Therefore, if your credit can use some improvement, you could save money insuring your Acura TL if you improve your credit rating. Insureds with high credit ratings tend to file fewer claims than drivers with bad credit.

Liability insurance is critical – Your car insurance policy’s liability coverage will provide protection in the event that you are found to be at fault for physical damage or personal injury to other. Liability insurance provides for a legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so drivers should make sure they buy enough to cover all assets.

Do you qualify for a multi-policy discount? – Most insurers allow better rates to people that purchase more than one policy, otherwise known as a multi-policy discount. Even if you’re getting this discount it’s always a smart idea to check prices from other companies to make sure you are getting the best deal.

Safer cars lower prices – Safer cars can get you lower premiums. Vehicles built for safety reduce the chance of injuries and lower injury rates means less money paid by your insurance company and cheaper rates on your policy.

Good drivers pay the best premiums – Even a single ticket may increase your cost to the point where it’s not affordable. Careful drivers get better rates than their less careful counterparts. Drivers unfortunate enough to have flagrant tickets like reckless driving or DUI may find that they have to to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to prevent a license revocation.

The chart below shows how speeding tickets and at-fault accidents impact Acura TL auto insurance costs for each different age group. The data is based on a single male driver, full coverage, $100 deductibles, and no discounts are applied.

Acura TL historical loss data – Insurers include the past claim trends for vehicles when setting rates for each model. Models that tend to have higher losses will have increased rates. The table below outlines the collected loss data for Acura TL vehicles.

For each type of coverage, the loss probability for all vehicles combined as an average equals 100. Numbers shown that are under 100 indicate better than average losses, while numbers that are greater than 100 indicate frequent claims or a tendency for losses to be larger than average.

Insurance Loss Ratings for Acura TL Vehicles
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Acura TLX 4dr 2WD 90 75 97 93 74 77
Acura TLX 4dr 4WD 120 75

Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Which auto insurance company is best in Orlando?

Choosing a high-quality car insurance company is difficult considering how many choices drivers have in Orlando. The company information shown next can help you decide which providers to look at when shopping around.

Top 10 Orlando Car Insurance Companies Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

Top 10 Orlando Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Quote more and you will save more

When getting Orlando auto insurance quotes online, do not reduce needed coverages to save money. There have been many cases where an accident victim reduced physical damage coverage and found out when filing a claim that it was a big error on their part. Your focus should be to buy enough coverage at the best price.

Drivers leave their current company for a number of reasons such as high prices, policy cancellation, being labeled a high risk driver and lack of trust in their agent. No matter why you want to switch, finding a great new company is pretty simple and you could end up saving a buck or two.

Cheaper auto insurance in Orlando is available on the web in addition to local insurance agencies, and you need to comparison shop both to have the best chance of lowering rates. A few companies don’t offer online rate quotes and most of the time these smaller companies prefer to sell through independent agents.

To learn more, feel free to browse the resources below: