How to Save on Acura MDX Insurance in Honolulu

We don’t have to point out that fact that insurance companies want to keep you from shopping around. Insureds who shop around for cheaper price quotes are highly likely to move their business because there is a great chance of finding a more affordable policy premium. A recent survey found that consumers who compared prices regularly saved on average $860 a year compared to other drivers who never shopped around.

If finding the lowest rates on insurance in Honolulu is your target objective, understanding how to choose a company and compare car insurance can make it simple to find affordable coverage.

Insurance quote for Acura MDX in HonoluluIf your goal is the lowest price, then the best way to find discount Acura MDX insurance in Honolulu is to compare prices once a year from companies that sell auto insurance in Hawaii.

Step 1: It will benefit you to learn about how auto insurance works and the changes you can make to keep rates in check. Many factors that increase rates such as distracted driving and a not-so-good credit score can be rectified by improving your driving habits or financial responsibility.

Step 2: Request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from one company like Progressive and State Farm, while agents who are independent can quote rates for a wide range of companies.

Step 3: Compare the new rate quotes to your existing policy to see if a cheaper price is available. If you can save some money, ensure coverage does not lapse between policies.

One thing to remember is to try to compare the same amount of coverage on every price quote and and to get rate quotes from as many different companies as possible. Doing this ensures a level playing field and a complete price analysis.

Rates and information analytics

The data table displayed next highlights different coverage prices for Acura MDX models. Understanding how insurance policy rates are formulated is important for making smart choices when buying a car insurance policy.

Acura MDX Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $246 $424 $300 $18 $90 $1,078 $90
MDX with Tech Package 4WD $246 $500 $300 $18 $90 $1,154 $96
MDX with Tech/Entertainment 4WD $246 $500 $300 $18 $90 $1,154 $96
MDX Advance 4WD $246 $500 $300 $18 $90 $1,154 $96
MDX Advance/Entertainment 4WD $246 $500 $300 $18 $90 $1,154 $96
Get Your Own Custom Quote Go

Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Price estimates do not factor in specific zip code location which can impact premiums substantially.

Choosing deductibles

A question often asked by Honolulu drivers is how high should the physical damage coverage deductibles be. The data tables below show the premium difference when you buy lower versus higher deductibles. The first data table uses a $100 deductible and the second data table uses a $500 deductible.

Acura MDX insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $286 $412 $264 $16 $80 $1,083 $90
MDX with Tech Package 4WD $286 $484 $264 $16 $80 $1,155 $96
MDX with Tech/Entertainment 4WD $286 $484 $264 $16 $80 $1,155 $96
MDX Advance 4WD $286 $484 $264 $16 $80 $1,155 $96
MDX Advance/Entertainment 4WD $286 $484 $264 $16 $80 $1,155 $96
Get Your Own Custom Quote Go

Acura MDX insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $210 $278 $264 $16 $80 $848 $71
MDX with Tech Package 4WD $210 $328 $264 $16 $80 $898 $75
MDX with Tech/Entertainment 4WD $210 $328 $264 $16 $80 $898 $75
MDX Advance 4WD $210 $328 $264 $16 $80 $898 $75
MDX Advance/Entertainment 4WD $210 $328 $264 $16 $80 $898 $75
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Table data does not factor in the specific area where the vehicle is garaged which can lower or raise auto insurance rates greatly.

Using the data above, we can ascertain that using a $100 deductible costs an average of $21 more each month or $252 annually than requesting the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you normally go at a minimum 19 months between claims, you would probably come out ahead if you elect the higher deductible.

The illustration below demonstrates how choosing different deductibles and can increase or decrease Acura MDX yearly insurance costs for each age group. Data assumes a single female driver, comp and collision included, and no additional discounts are factored in.

Responsible drivers pay cheaper Honolulu car insurance rates

The diagram below shows how speeding tickets and fender-benders increase Acura MDX car insurance costs for different age groups. The data assumes a single male driver, full physical damage coverage, $250 deductibles, and no discounts are factored in.

Cost of full coverage

The information below compares Acura MDX auto insurance rates with full coverage compared to only the Hawaii minimum liability coverage. The rate quotes are based on a clean driving record, no claims, $100 deductibles, drivers are single, and no policy discounts are applied.

When to drop comprehensive and collision coverage

There isn’t a steadfast formula for eliminating comp and collision coverage, but there is a general guideline you can use. If the yearly cost of full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your Acura MDX claim settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $5,000 after paying your policy deductible. If you are paying in excess of $500 a year for physical damage coverage, then you might want to consider buying only liability coverage.

There are some scenarios where dropping physical damage coverage is not financially feasible. If you haven’t paid off your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.

Lower Your Honolulu Insurance Rates

Smart consumers have a good feel for some of the factors that come into play when calculating your car insurance rates. If you know what controls the rates you pay, this empowers consumers to make smart changes that could help you find lower rates. Lots of things are part of the equation when you quote your car insurance policy. Some of the criteria are obvious like an MVR report, although others are less apparent such as whether you are married and annual miles driven.

The items below are a partial list of the pieces used by your company to calculate your prices.

Hawaii auto insurance companies

Selecting the highest-rated insurance company can be difficult considering how many choices there are in Honolulu. The ranking information shown below may help you pick which car insurance providers you want to consider when comparing rates.

Top 10 Honolulu Car Insurance Companies Overall

  1. USAA
  2. American Family
  3. State Farm
  4. The Hartford
  5. AAA Insurance
  6. GEICO
  7. Progressive
  8. Allstate
  9. Nationwide
  10. Liberty Mutual

Top 10 Honolulu Car Insurance Companies Ranked by Value

  1. USAA
  2. American Family
  3. The Hartford
  4. State Farm
  5. AAA Insurance
  6. Nationwide
  7. Safeco
  8. Esurance
  9. Allstate
  10. Liberty Mutual

Cheap insurance rates are possible

In this article, we covered a lot of ways to compare Acura MDX insurance premium rates in Honolulu. The most important thing to understand is the more companies you get prices for, the more likely it is that you will get a better rate. Consumers could even find that the lowest premium rates come from a lesser-known regional company. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as Progressive and GEICO.

When you buy Honolulu auto insurance online, it’s not a good idea to sacrifice coverage to reduce premiums. In too many instances, someone sacrificed liability coverage limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to buy the best coverage you can find at a price you can afford, but do not skimp to save money.

Cheaper Acura MDX insurance in Honolulu is available from both online companies and with local Honolulu insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some insurance providers don’t offer rate quotes online and most of the time these smaller companies prefer to sell through local independent agencies.

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