The preferred way to find lower priced Acura TLX insurance is to begin comparing prices regularly from insurers that sell auto insurance in Honolulu. You can compare rates by following these steps.
Step 1: Spend some time learning about how car insurance works and the measures you can control to prevent expensive coverage. Many things that result in higher rates such as traffic tickets, fender benders, and a bad credit score can be remedied by paying attention to minor details.
Step 2: Get rate quotes from direct, independent, and exclusive agents. Direct and exclusive agents can provide rates from a single company like GEICO and Allstate, while agents who are independent can provide price quotes from multiple companies.
Step 3: Compare the quotes to the price on your current policy and see if there is a cheaper rate. If you find a better price, make sure coverage is continuous and does not lapse.
One key aspect when comparing rates is to compare the same liability limits and deductibles on every quote and and to get price quotes from every insurance company. This ensures an apples-to-apples comparison and a better comparison of the market.
It’s astonishing, but about 70% of customers kept their coverage with the same auto insurance company for four years or more, and about 40% of consumers have never even shopped around for affordable coverage. With the average auto insurance premium being $960, Hawaii drivers can save hundreds of dollars each year, but they just don’t want to find affordable rates by getting comparison quotes.
If you are already insured or need new coverage, you will benefit by learning to reduce the price you pay without having to cut coverage. Locating the most cost-effective auto insurance policy in Honolulu is actually quite simple. Shoppers just have to use the most efficient way to find the lowest price from many companies at once.
How to buy Acura TLX insurance online
Getting more affordable insurance pricing is a fairly straight forward process. All that’s required is to spend a few minutes comparing rate quotes to see which company has affordable Honolulu car insurance quotes.
Online shopping is fast and free, and it makes it obsolete to go to and from local insurance agencies. Comparing Acura TLX insurance rate quotes online can eliminate the need for a local agent unless you have a need for the professional advice of an agent trained in personal lines coverage. It is possible to compare the best prices online but purchase the actual policy in an agency.
The companies shown below are our best choices to provide price comparisons in Hawaii. If more than one company is shown, we suggest you visit two to three different companies in order to get a fair rate comparison.
Eight factors that determine insurance rates
Lots of factors are used in the calculation when premium rates are determined. Some are obvious such as your driving history, but others are less apparent like your continuous coverage or how safe your car is.
Excellent credit means lower rates – Having a bad credit score can be a huge factor in determining what you pay for car insurance. Insureds with high credit scores tend to be more responsible than those with lower credit ratings. If your credit rating can use some improvement, you could be paying less to insure your Acura TLX by improving your rating.
Bad drivers pay high costs – Being a careful driver has a huge affect on how much you pay. Attentive drivers have lower premiums as compared to those with violations. Only having one speeding ticket could increase your next policy renewal by as much as twenty percent. Drivers who get severe violations like hit and run, DWI or reckless driving convictions may find that they have to to file a proof of financial responsibility form (SR-22) with their state in order to continue driving.
Marriage is a factor – Having a significant other may earn you lower rates compared to being single. It demonstrates that you tend to be more responsible and statistics show married drivers tend to have fewer serious accidents.
Save money with GPS tracking and theft deterrents – Choosing to buy a car with anti-theft technology or alarm system can earn a premium discount. Anti-theft features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can help prevent auto theft.
Liability coverage limits should be high – Liability coverage will provide protection when you are ruled to be at fault for causing personal injury or damage in an accident. Liability provides you with a defense in court which can cost thousands of dollars. Liability insurance is pretty cheap compared to insuring for physical damage coverage, so do not skimp.
Five star safety rating saves money – Cars with five star safety ratings tend to be cheaper to insure. Safer cars reduce occupant injuries and better occupant protection means lower claim amounts and thus lower rates. If your Acura has at least an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
Pay more if you have a long commute – Choosing to live in small towns and rural areas has it’s advantages when trying to find low car insurance rates. Fewer drivers means reduced accidents and also fewer theft and vandalism claims. City drivers have to deal with more auto accidents and longer commute times. More time commuting translates into higher accident risk.
Younger drivers pay high premiums – Young drivers in Hawaii have a tendency to be less responsible with other occupants in the car and because of this, their car insurance rates are much higher. More experienced drivers are viewed as being more responsible, are lower risk to insure, and are safer drivers.
Loss statistics for an Acura TLX – Companies analyze historical claim data when they set coverage costs for each model. Vehicles that the data determines to have higher loss trends will cost more to insure.
The table shown below demonstrates the historical loss data for Acura TLX vehicles. For each insurance policy coverage type, the claim probability for all vehicles compiled together is considered to be 100. Values that are 100 or less suggest a better than average loss history, while percentage values above 100 indicate frequent claims or larger claims.
|Vehicle 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
Car insurance is not optional but you don’t have to overpay
Even though Honolulu TLX insurance rates can get expensive, car insurance serves a purpose in several ways.
- The majority of states have minimum liability requirements which means you are required to buy specific limits of liability insurance in order to get the vehicle licensed. In Hawaii these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Acura has a lienholder, most banks will make it mandatory that you buy full coverage to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the lender will be forced to insure your Acura at an extremely high rate and make you pay a much higher amount than you were paying before.
- Insurance safeguards your Acura TLX and your assets. It will also reimburse you for hospital and medical expenses for not only you but also any passengers injured in an accident. Liability coverage also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, your car insurance policy will cover the repair costs.
The benefits of insuring your TLX are without a doubt worth the cost, especially if you ever need it. Today the average American driver is wasting up to $825 a year so you should quote your policy with other companies each time the policy renews to help ensure money is not being wasted.