Cheap Insurance for an Acura RL in Anchorage

The best way we recommend to find better pricing on Acura RL insurance is to do an annual price comparison from providers who sell auto insurance in Anchorage. Rates can be compared by following these steps.

• First, take a few minutes and learn about coverages and the modifications you can make to keep rates low. Many risk factors that cause high rates like speeding tickets, careless driving and a poor credit score can be amended by making small lifestyle or driving habit changes. Keep reading for additional ideas to get better rates and find missing discounts.
• Second, get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can provide rates from one company like GEICO or Farmers Insurance, while independent agencies can provide rate quotes for a wide range of companies. Select a company
• Third, compare the price quotes to your existing rates and see if there is a cheaper rate in Anchorage. If you find a lower rate and change companies, ensure coverage does not lapse between policies.
• Fourth, provide adequate notice to your current company to cancel your existing policy. Submit the application along with any required down payment for the new policy. As soon as coverage is bound, keep the new proof of insurance certificate somewhere easily accessible.

One piece of advice is to use the same deductibles and limits on every price quote and and to get price quotes from as many companies as possible. This ensures a fair price comparison and plenty of rates choose from.

Remarkably, a study showed that most drivers have stayed with the same insurance company for well over three years, and approximately 40% of consumers have never shopped around. Alaska drivers could save an average of roughly 35% each year, but they just assume it’s a time-consuming process to compare rates.

Free Anchorage Acura RL insurance price quotes

The auto insurance companies shown below are our best choices to provide free quotes in Anchorage, AK. To get cheap auto insurance in Alaska, it’s highly recommended you visit two to three different companies in order to find the most affordable rates.

These discounts can lower Acura RL insurance rates

Auto insurance companies do not advertise the entire discount list in a way that’s easy to find, so the list below gives a summary of a few of the more common in addition to some of the lesser obvious discounts that you may qualify for.

• College Student Discount – Older children who live away from home at college and leave their car at home may be insured at a cheaper rate.
• Safety Course Discount – Completing a safe driver class is a good idea and can lower rates if you qualify.
• Theft Deterrent Discount – Vehicles that have factory anti-theft systems are stolen with less frequency and earn discounts up to 10% off your Anchorage car insurance quote.
• Passive Restraints – Vehicles equipped with air bags may qualify for discounts of 20 to 30 percent.
• ABS Braking Discount – Cars, trucks, and SUVs equipped with ABS or steering control can reduce accidents so companies give up to a 10% discount.
• Drive Less and Save – Driving less could be rewarded with better prices on cars that stay parked.
• Membership in Organizations – Participating in qualifying employment or professional organizations is a good way to get lower rates on your bill.
• Seat Belt Usage – Drivers who always wear seat belts and also require passengers to buckle up can save 10% or more off PIP or medical payments premium.
• Auto/Home Discount – If you combine your home and auto policies and place coverage with the same company they may give you a discount of nearly 15% which can help you find inexpensive Acura RL insurance in Anchorage.
• Driver’s Education for Students – Require your teen driver to successfully take a driver’s education course in high school.

One thing to note about discounts is that most discounts do not apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as medical payments or collision. So even though you would think having all the discounts means you get insurance for free, you won’t be that lucky.

The illustration below shows the comparison of Acura RL premium costs with and without discounts being applied to the rates. The costs are based on a female driver, no violations or accidents, Alaska state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, multi-car, homeowner, marriage, and claim-free discounts applied.

To view insurance companies that provide some of the discounts listed above in Alaska, click this link.

Rates and detailed analysis

The data table below outlines different insurance costs for Acura RL models. Learning a little about how policy rates are established can help guide drivers when making decisions when shopping your coverage around.

Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Premium costs do not factor in garaging location in Anchorage which can modify premium rates noticeably.

Deductible analysis

One of the hardest decisions when shopping for auto insurance is which deductibles should you choose. The rates shown below may help to illustrate the costs and benefits when you buy lower versus higher physical damage deductibles. The first data set uses a $250 physical damage coverage deductible and the second price table uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Rate quotes do not factor in Anchorage location which can impact premium rates noticeably.

We can derive from the above data that using a $250 deductible costs roughly $29 more each month or $348 annually than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at least 26 months between claims, you would probably be better off if you choose the higher deductible.

The information below illustrates how choosing a deductible and can impact Acura RL premium costs for different insured age categories. The data is based on a married female driver, full coverage, and no policy discounts are applied.

Acura RL full coverage rates compared to liability only

The illustration below shows the difference between Acura RL premium costs with and without full coverage. The rate quotes are based on no claims or driving citations, $500 deductibles, drivers are single, and no policy discounts are applied.

Guidelines for eliminating full coverage

There is no set guideline to exclude full coverage, but there is a broad guideline. If the annual cost of coverage is more than around 10% of the settlement you would receive from your company, then you might consider buying liability only.

For example, let’s say your Acura RL replacement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would receive is $4,000 after paying your policy deductible. If you are paying more than $400 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are some conditions where eliminating full coverage is not in your best interest. If you still owe a portion of the original loan, you are required to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not buy liability only.

How Your RL Insurance Premiums are Determined

Part of the car insurance buying process is learning some of the elements that are used to determine your premiums. When you understand what determines premiums, this enables you to make decisions that may result in lower rates. Lots of things are part of the calculation when you get a price on insurance. Some of the criteria are obvious such as your driving history, although others are more transparent like your vehicle usage and annual miles driven.

The factors shown below are some of the factors used by insurance companies to determine rates.

• Rural vs Urban Areas – Being located in a small town may provide you with better prices when buying car insurance. Drivers in populated areas regularly have traffic congestion and a longer drive to work. Less people translates into fewer accident claims and a lower car theft rate.

• Accidents increase rates – Drivers who don’t get tickets get better prices than bad drivers. Having a single ticket may increase your cost forty percent or more. Drivers who have received license-revoking violations such as DUI or willful reckless driving may be required to submit a SR-22 form with their state’s department of motor vehicles in order to drive a vehicle legally.

  The diagram below illustrates how violations and at-fault accidents can drive up Acura RL insurance rates for different age groups. Data assumes a single female driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.

• Better rates for no policy lapses – Allowing your coverage to lapse will be a sure-fire way to bump up your car insurance costs. And not only will your rates increase, failure to provide proof of insurance will get you a steep fine or even jail time. You could then be forced to file a SR-22 with the Alaska motor vehicle department.
• Married drivers get cheaper rates – Having a wife or husband may earn you lower rates on your car insurance bill. Having a significant other usually means you are more financially stable and statistics prove married drivers tend to have fewer serious accidents.
• Bundling policies can get discounts – Many insurers give discounts to people who have multiple policies with them. It’s known as a multi-policy discount. This can amount to ten percent or more. Even with this discount applied, it’s always a smart idea to compare other Anchorage RL insurance rates to help guarantee you have the best rates.There is a chance you can find better rates by buying from different companies

• Acura RL insurance loss probability – Companies analyze claim trends for every vehicle when setting premium prices. Vehicles that the data shows to have higher frequency or amount of claims will cost more to insure. The table below demonstrates the historical loss data for Acura RL vehicles.

  For each policy coverage type, the claim probability for all vehicles averaged together is a value of 100. Percentages below 100 indicate a favorable loss history, while numbers that are greater than 100 point to more frequent losses or tendency to have larger claims.

  
  

  Acura RL Insurance Loss Statistics

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Acura RLX 4dr	128	63	179	82

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics from IIHS.org for 2013-2015 Model Years

Auto insurance quotes from local Anchorage insurance agents

Many people just prefer to talk to a local agent and that is recommended in a lot of cases Insurance agents are very good at helping people manage risk and give you someone to call. An additional benefit of getting online price quotes is the fact that drivers can get cheap auto insurance rates and still choose a local agent.

Upon completion of this form (opens in new window), your information is transmitted to agents in your area who will return price quotes for your coverage. It makes it easy because there is no need to search for an agent as quotes are delivered directly to you. In the event you want to get a price quote from a particular provider, you can always visit that company’s website and fill out their quote form.

Selecting an company is decision based upon more than just the price. Here are some questions you might want to ask.

• Are they able to provide referrals?
• Is there a local claims center in Anchorage?
• Which companies can they place coverage with?
• Is there a 24/7 contact number?
• How often do they review policy coverages?
• Is working in the agency their full-time job?

Shown below are agents in Anchorage who can help you get price quote information for Acura RL insurance in Anchorage.

View more agents

Once you have received good responses to all your questions and an affordable coverage quote, most likely you have located an insurer that is reputable and can adequately provide auto insurance.

More effort can pay off

When you buy Anchorage car insurance online, make sure you don’t sacrifice coverage to reduce premiums. There have been many cases where consumers will sacrifice physical damage coverage only to regret at claim time that the small savings ended up costing them much more. Your goal should be to purchase a proper amount of coverage at an affordable rate and still be able to protect your assets.

Lower-priced Acura RL insurance in Anchorage is attainable both online in addition to many Anchorage insurance agents, and you should compare rates from both to get a complete price analysis. Some car insurance companies may not have the ability to get a quote online and most of the time these small, regional companies provide coverage only through independent insurance agents.

Other articles

• Safe Vehicles for Teens (iihs.org)
• Who Has the Cheapest Auto Insurance for Drivers with a DUI in Anchorage? (FAQ)
• What Insurance is Cheapest for Veterans in Anchorage? (FAQ)
• Who Has Cheap Auto Insurance for College Students in Anchorage? (FAQ)
• What to do at the Scene of an Accident (Insurance Information Institute)
• How to Avoid Buying a Flooded Car (Insurance Information Institute)
• Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)