Compare Acura RL Insurance Rate Quotes in Orlando

Insurance quote for Acura RL in OrlandoTo save the most money, the best way to get discount Acura RL insurance is to start doing an annual price comparison from insurance carriers who provide car insurance in Orlando.

First, gain an understanding of how insurance companies determine prices and the things you can control to lower rates. Many risk factors that result in higher rates such as at-fault accidents, speeding tickets, and a less-than-favorable credit rating can be controlled by making minor driving habit or lifestyle changes.

Second, compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can provide rates from one company like GEICO or State Farm, while agents who are independent can provide rate quotes for a wide range of insurance providers.

Third, compare the quotes to the price on your current policy to see if you can save by switching companies. If you can save money and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.

Fourth, give proper notification to your current agent or company to cancel the current policy and submit payment along with a signed and completed policy application to the new insurer. As soon as you have the new policy, put the new certificate verifying coverage with the vehicle registration.

A valuable tip to remember is that you’ll want to make sure you compare identical limits and deductibles on each quote request and and to analyze as many companies as you can. Doing this guarantees the most accurate price comparison and the best price quote selection.

A recent survey discovered that the vast majority of drivers have been with the same company for a minimum of four years, and 38% of drivers have never compared car insurance rates at all. Many consumers in Florida could cut their rates by approximately 55% a year, but they don’t believe the actual amount they would save if they switched to a cheaper policy.

Acura RL coverage analysis

The premium information shown next covers estimates of policy rates for Acura RL models. Learning as much as possible about how rate quotes are figured can be useful when making smart choices when selecting a coverage provider.

Acura RL Insurance Rates in Orlando, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RL 3.7 $446 $834 $418 $24 $124 $1,846 $154
RL 3.7 with Tech Package $446 $834 $418 $24 $124 $1,846 $154
RL 3.7 with Tech/CMBS Package $446 $834 $418 $24 $124 $1,846 $154
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Rates do not factor in specific Orlando garaging location which can alter premiums substantially.

Choosing deductibles

One frequently asked question is where to set your physical damage deductibles. The data tables below may help to illustrate the rate fluctuation when you choose different policy deductibles. The first set of rates uses a $250 deductible and the second set of prices uses a $500 deductible.

Acura RL insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RL 3.7 $446 $834 $418 $24 $124 $1,871 $156
RL 3.7 with Tech Package $446 $834 $418 $24 $124 $1,871 $156
RL 3.7 with Tech/CMBS Package $446 $834 $418 $24 $124 $1,871 $156
Get Your Own Custom Quote Go

Acura RL insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RL 3.7 $364 $672 $418 $24 $124 $1,602 $134
RL 3.7 with Tech Package $364 $672 $418 $24 $124 $1,602 $134
RL 3.7 with Tech/CMBS Package $364 $672 $418 $24 $124 $1,602 $134
Get Your Own Custom Quote Go

Data rating is 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, safe-driver, claim-free, and multi-vehicle. Rate information does not factor in your specific Orlando location which can decrease or increase price quotes greatly.

We can derive from the above data that using a $250 deductible costs approximately $22 more each month or $264 every year than opting for the higher $500 deductible. Because you would pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to go at least 11 months between claim filings, you would save more money if you decide on a higher deductible.

How to calculate when to raise deductibles

Average monthly premium for $250 deductibles: $156
Average monthly premium for $500 deductibles (subtract): – $134
Monthly savings from raising deductible: $22
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $22
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 11 months

Does full coverage make sense?

The example below illustrates the comparison of Acura RL auto insurance rates with full physical damage coverage and with liability coverage only. Data assumes a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.

When to drop full coverage

There isn’t a written rule to drop comp and collision coverage, but there is a general guideline. If the annual cost of your full coverage insurance is more than 10% of the settlement you would receive from your company, then you might consider buying liability only.

For example, let’s assume your Acura RL replacement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, you would only receive $5,000 after the policy deductible has been paid. If you are paying over $500 annually for your policy with full coverage, then it may be the right time to buy liability only.

There are a few situations where dropping physical damage coverage is not advised. If you still have a lienholder on your title, you have to maintain full coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should maintain full coverage.

How Insurance Companies Determine Acura RL Insurance Costs

The best way to find cheaper insurance is to take a look at some of the things that come into play when calculating the price you pay for insurance. If you understand what positively or negatively impacts your premiums, this allows you to make good choices that could help you find lower rates.

Listed below are some of the factors insurance companies consider when setting premiums.

How much liability insurance – Liability insurance is the protection in the event that you are responsible for causing damage or personal injury in an accident. Your liability coverage provides legal defense to defend your case. It is affordable coverage compared to insuring for physical damage coverage, so do not cut corners here.

Comp and collision deductibles are a factor – Physical damage protection, also called ‘full coverage’, is used to repair damage to your Acura. Examples of some claims that would be covered could be a broken side mirror, vandalism, and damage from a fallen tree branch. Comprehensive and collision coverage deductibles define the amount you are required to pay before your insurance pays a claim. The more money you have to pay, the lower your rates will be.

Discounts for multiple policies – Lots of companies give lower prices to clients who have multiple policies with them in the form of a multi-policy discount. Even with this discount, it’s always a smart idea to get quotes from other companies to ensure the best deal. You may still be able to save more without the discount even if you have your coverage with different companies

Expect high rates for teens – Older insureds have been proven to be more responsible, tend to file fewer claims, and usually have better credit. Teen drivers have been known to be easily distracted with other occupants in the car and because of this, their insurance rates are much higher.

The data below uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.

Acura RL insurance loss statistics – Insurance companies use statistical claims data to help determine the price you pay. Vehicles that the data shows to have higher losses will have higher premium rates.

The table shown below demonstrates the actual insurance loss data for Acura RL vehicles. For each type of coverage, the statistical loss for all vehicles compiled together is set at 100. Percentages below 100 mean the vehicle has better than average losses, while values over 100 point to more frequent losses or statistically larger losses.

Insurance Loss Ratings for Acura RL Vehicles
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Acura RLX 4dr 128 63 179 82

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

How to find a good Orlando auto insurance company

Buying coverage from a high-quality insurance company can be difficult considering how many choices there are in Florida. The company rank data shown next could help you analyze which companies you want to consider comparing rates from.

Top 10 Orlando Car Insurance Companies by A.M. Best Rank

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Titan Insurance – A+
  6. Esurance – A+
  7. Progressive – A+
  8. The Hartford – A+
  9. Allstate – A+
  10. Nationwide – A+

Compare but don’t skimp

More affordable car insurance in Orlando can be sourced both online and with local Orlando insurance agents, so get free Orlando auto insurance quotes from both of them in order to have the best chance of saving money. A few companies do not offer price quotes online and these small insurance companies only sell coverage through independent insurance agents.

We’ve covered many ways to save on Acura RL insurance in Orlando. The key concept to understand is the more companies you get rates for, the higher your chance of finding inexpensive Orlando auto insurance quotes. You may even find the most savings is with a lesser-known regional company. These companies may often insure only within specific states and give better rates than their larger competitors like GEICO and State Farm.

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