Save Money on Acura RL Insurance in Louisville

It’s astonishing, but the vast majority of consumers have purchased from the same company for at least the last four years, and just short of a majority have never even compared rates from other companies. Kentucky drivers could save approximately $630 every year, but they just don’t understand how easy it is to go online and compare rates.

The most effective way to find better pricing on auto insurance rates in Louisville is to start doing a yearly price comparison from insurance carriers who can sell car insurance in Kentucky. You can compare rates by following these guidelines.

Step 1: Take a little time to learn about how insurance works and the modifications you can make to drop your rates. Many factors that drive up the price like inattentive driving and your credit history can be improved by making lifestyle changes or driving safer. Read the full article for ideas to lower rates and get additional discounts that may have been overlooked.

Step 2: Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only provide price estimates from a single company like GEICO or Farmers Insurance, while agents who are independent can quote prices from multiple companies.

Step 3: Compare the price quotes to your current policy premium to see if a cheaper rate is available in Louisville. If you find a better price and switch companies, ensure coverage does not lapse between policies.

One tip to remember is to make sure you enter similar deductibles and liability limits on every quote request and and to get rate quotes from as many car insurance companies as possible. This provides a fair rate comparison and a complete price analysis.

If you have a current auto insurance policy, you will definitely be able to find the best rates using the ideas presented in this article. Finding affordable auto insurance coverage in Louisville is really quite simple as long as you have a good starting point. Nevertheless, Kentucky consumers do need to learn the way companies calculate their prices and use it to your advantage.

When shopping for affordable Louisville auto insurance quotes, there are a couple of ways of comparing rate quotes from lots of Kentucky car insurance companies. The fastest way to do a complete rate comparison is simply to get online rate quotes.

Comparison shopping rate quotes online is easy and it makes it a waste of time to drive to and from local insurance agencies. Quoting Acura RL insurance online has made agencies unnecessary unless you require the extra assistance that can only be provided by a licensed insurance agent. Although you can obtain prices from the web but still have the advice of a local agent. When comparing car insurance rates, know that comparing a wide range of rates helps improve the odds of finding lower pricing. Some smaller insurers do not give price estimates online, so you need to compare prices from them as well.

The companies shown below can provide quotes in Louisville, KY. To get the best cheap auto insurance in Kentucky, we suggest you get rate quotes from several of them to find the most affordable car insurance rates.

Discounts for lower-cost auto insurance rates

Not many people think insurance is cheap, but you might already qualify for some discounts to help offset the cost. Certain discounts will be triggered automatically at quote time, but occasionally some discounts must be specially asked for before you get the savings. If you don’t get every credit possible, you are not getting the best rate possible.

• Save with More Vehicles Insured – Purchasing coverage when you have primary and secondary vehicles on a single policy can get a discount for every vehicle.
• Professional Memberships – Having an affiliation with a professional or civic organization can get you a small discount when getting a Louisville auto insurance quote.
• Low Miles Discount – Maintaining low annual mileage can earn substantially lower premium rates.
• Anti-theft System – Vehicles equipped with tracking devices and advanced anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
• Good Student – Excelling in school can save 20 to 25%. The good student discount can last until age 25.
• Auto/Life Discount – Not every insurance company offers life insurance, but if they do you may earn a break if you buy some life insurance in addition to your auto policy.
• Distant Student – Any of your kids who are attending college and do not have a car may be able to be covered for less.
• Pay Upfront and Save – If you pay your bill all at once rather than paying in monthly installments you can avoid the installment charge.
• Employee of Federal Government – Active or former government employment can save as much as 8% with select insurance companies.
• Switch and Save Discount – Some larger companies provide a discount for switching to them before your current expiration date. The savings is around 10%.

A little note about advertised discounts, some of the credits will not apply to your bottom line cost. A few only apply to the price of certain insurance coverages like medical payments or collision. So even though they make it sound like you would end up receiving a 100% discount, you won’t be that lucky.

The example below shows the difference between Acura RL car insurance rates with and without some available policy discounts. The premium estimates are based on a female driver, no claims or driving citations, Kentucky state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, multi-policy, homeowner, claim-free, and marriage discounts applied.

A list of auto insurance companies and a selection of discounts are shown below.

• Travelers offers premium reductions for continuous insurance, early quote, home ownership, driver training, student away at school, and good student.
• 21st Century includes discounts for student driver, driver training, defensive driver, 55 and older, good student, automatic seat belts, and air bags.
• State Farm may have discounts that include student away at school, Drive Safe & Save, driver’s education, multiple autos, passive restraint, and Steer Clear safe driver discount.
• GEICO has discounts for multi-policy, driver training, emergency military deployment, daytime running lights, air bags, and defensive driver.
• SAFECO may include discounts for teen safe driver, bundle discounts, drive less, safe driver, accident prevention training, teen safety rewards, and anti-lock brakes.
• AAA may offer discounts for multi-policy, pay-in-full, good driver, multi-car, AAA membership discount, anti-theft, and education and occupation.

When getting free Louisville auto insurance quotes, it’s a good idea to each insurance company how you can save money. Some of the discounts discussed earlier might not apply in your state. If you would like to choose from a list of insurance companies with significant discounts in Louisville, follow this link.

Acura RL coverage statistics

The premium table below showcases a range of coverage prices for Acura RL models. Learning more about how premiums are determined is important for you to make smart choices when purchasing an auto insurance policy.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Information does not factor in your specific Louisville location which can influence insurance rates significantly.

Should you raise deductibles?

One of the most common car insurance questions is how high should the physical damage deductibles be. The comparison tables below approximate the cost difference when you buy lower versus higher coverage deductibles. The first data set uses a $100 deductible for comprehensive and collision coverage and the second set of prices uses a $500 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Rates do not factor in vehicle location which can increase or decrease premium rates greatly.

Based on these figures, using a $100 deductible costs roughly $31 more each month or $372 annually than buying the higher $500 deductible. Since you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you average at least 13 months between claim filings, you would probably save some money if you decide on a higher deductible.

Should you buy full coverage?

The chart below compares Acura RL insurance costs with and without full coverage. The premium estimates are based on a clean driving record, no claims, $500 deductibles, single marital status, and no discounts are factored in.

Should you be buying full coverage?

There is no definitive rule that is best for determining when to drop full coverage, but there is a general guideline you can use. If the annual cost of having full coverage is more than 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let’s say your Acura RL book value is $7,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $6,000 after the policy deductible has been paid. If premium cost is more than $600 a year for physical damage coverage, then you may want to consider only buying liability coverage.

There are a few cases where dropping physical damage coverage is not recommended. If you have an outstanding loan on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

Local Louisville insurance agencies

Certain consumers would prefer to buy from a local agent and that can be a great decision One of the benefits of getting online price quotes is the fact that you can find the lowest rates and still choose a local agent.

To help locate an agent, after submitting this form (opens in new window), your information is immediately sent to insurance agents in Louisville that give free quotes for your coverage. It’s much easier because you don’t need to contact an agency because prices are sent to you instantly. You can get cheaper auto insurance rates without requiring a lot of work. In the event you want to get a rate quote from a specific insurance company, just find their quoting web page and fill out their quote form.

Finding a good insurer requires you to look at more than just the quoted price. The answers to these questions are important, too.

• Do they prorate repair cost based on vehicle mileage?
• Will a damage claim use OEM or aftermarket replacement parts?
• Has the agent ever had any license suspensions?
• What insurance company do they write the most business with?
• Does the agency support the community they serve?
• If you are a high risk driver, do they have special markets for your coverage?
• Will the company cover a rental car if your car is getting fixed?
• Are claim adjusters local or do you have to take your car somewhere else?

If you want to use a reliable insurance agency, there are two different agency structures and how they differ in how they can insure your vehicles. Agents in Louisville can be categorized as either independent agents or exclusive agents depending on their employer.

Exclusive Agents

Agents that choose to be exclusive have only one company to place business with like Farmers Insurance, State Farm, Allstate, and AAA. These agents are not able to compare rates from other companies so you might not find the best rates. Exclusive agents are trained well on their products and sales techniques which helps offset the inability to provide other markets.

The following is a list of exclusive insurance agents in Louisville that can give you rate quotes.

More Louisville agents

Independent Auto Insurance Agencies

Independent agencies do not work for one specific company so they can insure your vehicles with multiple insurance companies and find the cheapest auto insurance rates. If they quote lower rates, they simply move the coverage in-house and that require little work on your part.

When comparing rate quotes, you will want to check rates from a few independent agents in order to compare the most rates.

The following is a list of independent insurance agencies in Louisville who can help you get comparison quotes.

More Louisville agents

Smart Buyers Can Reduce Insurance Rates

When buying insurance it’s important to understand some of the factors that go into determining the level of your policy premiums. When you know what positively or negatively influences your rates, this helps enable you to make changes that may result in big savings.

The following are some of the most rate-impacting factors used by companies to determine your premiums.

• Avoid traffic tickets – Attentive drivers have lower premiums as compared to careless drivers. Having a single speeding ticket or other violation may increase your cost twenty percent or more. Drivers who have gotten flagrant violations such as reckless driving or DUI are required to file a proof of financial responsibility form (SR-22) with their state’s department of motor vehicles in order to prevent their license from being revoked.

  The diagram below demonstrates how speeding tickets and at-fault claims drive up Acura RL premium costs for each different age category. The prices are based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no other discounts are factored in.

• Poor credit history equals high rates – Having a bad credit score is a big factor in your rate calculation. Drivers with very high credit ratings tend to be less risk to insure as compared to drivers with worse credit. Therefore, if your credit rating could use some work, you could be paying less to insure your Acura RL by taking the time to improve your credit score.
• Bundle policies and save money – The majority of insurance companies will award lower prices to people who buy several policies from them in the form of a multi-policy discount. Even if you’re getting this discount you may still want to compare other company rates to ensure the best deal.
• Low deductibles cost more – Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, protects your Acura from damage. Some examples of claims that would be covered could be running into the backend of another car, hitting a deer, and damage caused by flying debris. Deductibles for physical damage define the amount you are willing to pay out-of-pocket if a claim is determined to be covered. The larger the amount the insured is willing to pay, the less your company will charge you for insurance.

• Insurance losses for an Acura RL – Auto insurance companies analyze historical claim data to calculate a price that offsets possible losses. Models that the statistics show to have higher prevalence or dollar amount of losses will have higher rates.

  The information below illustrates the insurance loss data used by companies for Acura RL vehicles. For each policy coverage type, the claim probability for all vehicles, regardless of make or model, equals 100. Numbers under 100 mean the vehicle has better than average losses, while values that are above 100 show a trend for more claims or statistically larger losses.

  
  

  Auto Insurance Loss Data for Acura RL Models

  Specific Acura 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
  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Insuring your Acura vehicle just makes sense

Despite the high insurance cost for a Acura RL in Louisville, buying auto insurance is required for several reasons.

• The majority of states have compulsory liability insurance requirements which means you are required to buy a minimum amount of liability protection if you want to drive legally. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you took out a loan on your vehicle, it’s guaranteed your bank will force you to buy insurance to ensure loan repayment if the vehicle is totaled. If you default on your policy, the lender will be forced to insure your Acura at an extremely high rate and make you pay the higher premium.
• Insurance protects both your Acura and your assets. It will also reimburse you for medical expenses for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, will also pay attorney fees if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.

The benefits of having insurance more than offset the price you pay, particularly if you ever have a claim. As of last year, the average driver in Kentucky is overpaying over $820 a year so compare rate quotes once a year at a minimum to help ensure money is not being wasted.

Smart consumers save more

As you quote Louisville auto insurance, do not sacrifice coverage to reduce premiums. There have been many situations where an insured dropped collision coverage and learned later they didn’t have enough coverage. The ultimate goal is to purchase a proper amount of coverage for the lowest cost, but don’t skip important coverages to save money.

Lower-priced insurance in Louisville is definitely available from both online companies and from local insurance agents, and you need to price shop both to have the best rate selection. Some insurance companies may not provide internet price quotes and these small, regional companies work with independent insurance agencies.

We’ve covered many tips how you can reduce Acura RL insurance prices online in Louisville. The key thing to remember is the more rate quotes you have, the higher your chance of finding affordable Acura RL insurance quotes. You may even discover the best prices are with some of the smallest insurance companies. These smaller insurers often have lower rates on specific markets than their larger competitors like Progressive or GEICO.

To read more, take a look at the resources below:

• Red Light Cameras (State Farm)
• Who Has the Cheapest Car Insurance Quotes for a Nissan Sentra in Louisville? (FAQ)
• Who Has Cheap Louisville Auto Insurance Rates for Real Estate Agents? (FAQ)
• What Car Insurance is Cheapest for Uninsured Drivers in Louisville? (FAQ)
• Who Has Cheap Louisville Car Insurance Rates for High Mileage Drivers? (FAQ)
• Auto Theft Statistics (Insurance Information Institute)
• Uninsured Motorist Statistics (Insurance Information Institute)