How many times have you told yourself it’s time to shop around for lower-priced Acura RLX insurance in Anchorage? I doubt anyone likes having to buy insurance, in particular when the cost is way too high.
Sadly, most consumers kept their policy with the same company for a minimum of four years, and almost half have never compared rates from other carriers. Most drivers in Alaska could save $368 every year, but most just don’t grasp the benefits if they switch to a new company.
How to find affordable quotes for Acura RLX insurance in Anchorage
If you want to save the most money, the best way to find cheaper auto insurance rates in Anchorage is to start doing an annual price comparison from different companies that insure vehicles in Alaska.
Step 1: Try to comprehend how your policy works and the modifications you can make to keep rates low. Many factors that drive up the price like at-fault accidents, careless driving, and a less-than-favorable credit history can be remedied by making lifestyle changes or driving safer.
Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from one company like GEICO and Allstate, while independent agents can quote rates for a wide range of companies.
Step 3: Compare the quotes to your existing coverage to see if a cheaper rate is available in Anchorage. If you can save some 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.
Step 4: Provide adequate notice to your current company of your intention to cancel your current car insurance policy and submit a down payment along with a completed application to the new company. As soon as you can, safely store the proof of insurance certificate along with your vehicle registration.
One tip to remember is to use similar coverage information on every quote request and to quote with every insurance company. Doing this ensures an apples-to-apples comparison and the best price quote selection.
Vehicle owners have multiple auto insurance companies to insure vehicles with, and even though it’s nice to have a selection, it can be more challenging to locate the cheapest rates for Acura RLX insurance in Anchorage.
Most of the larger companies allow you to get coverage price quotes from their websites. Getting online rates for Acura RLX insurance in Anchorage is possible for anyone as you just type in your coverage preferences into a form. When the form is submitted, the system gets your credit score and driving record and returns a price. Quoting online for Acura RLX insurance in Anchorage streamlines rate comparisons, and it’s necessary to compare as many rates as possible in order to get the best insurance rates.
To quickly find out if lower rates are available, compare rates now from the companies shown below. If you have coverage now, it’s recommended you type in the coverage information just like they are on your policy. This way, you will get a fair comparison for similar coverage.
The companies shown below are ready to provide quotes in Alaska. If you want the best auto insurance in Alaska, we suggest you visit as many as you can in order to find the lowest rates.
Three reasons auto insurance is important
Despite the high insurance cost for a Acura RLX in Anchorage, buying auto insurance is required for several reasons.
First, the majority of states have mandatory liability insurance requirements which means you are required to carry a specific level of liability insurance coverage if you don’t want to risk a ticket. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you took out a loan on your RLX, most lenders will stipulate that you buy full coverage to guarantee payment of the loan. If you let the policy lapse, the lender will be forced to insure your Acura for a lot more money and require you to reimburse them much more than you were paying before.
Third, auto insurance protects your Acura RLX and your assets. It will also provide coverage for most medical and hospital costs for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance also pays expenses related to your legal defense in the event you are sued. If your Acura gets damaged, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.
The benefits of insuring your car more than cancel out the cost, especially for larger claims. According to a 2015 survey, the average American driver is overpaying over $865 each year so you should quote and compare rates at least once a year to help ensure money is not being wasted.
Lower rates by qualifying for these six discounts
Not many people think insurance is cheap, but there could be significant discounts to help bring down the price. Many discounts should be triggered when you get a quote, but a few need to be specially asked for before being credited. If you don’t get every credit you qualify for, you are just wasting money.
- Discounts for New Vehicles – Insuring a new RLX is cheaper compared to insuring an older model.
- Anti-theft System – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and will qualify for a discount on a Anchorage car insurance quote.
- Safety Restraint Discount – Drivers who always wear seat belts and also require passengers to buckle up can save up to 15% on medical payment and PIP coverage.
- Passive Restraints and Air Bags – Factory options such as air bags may qualify for discounts of 20% or more.
- Low Mileage Discounts – Low annual miles could be rewarded with lower rates due to less chance of an accident.
- Distant Student Discount – Youth drivers who are enrolled in a college that is more than 100 miles from Anchorage and won’t have access to an insured vehicle may be able to be covered for less.
It’s important to understand that some of the credits will not apply to the entire policy premium. Most only apply to the cost of specific coverages such as liability, collision or medical payments. So even though you would think all those discounts means the company will pay you, you’re out of luck.
Companies and their offered discounts are shown below.
- Travelers has discounts for multi-policy, early quote, continuous insurance, new car, student away at school, multi-car, and payment discounts.
- 21st Century discounts include 55 and older, anti-lock brakes, theft prevention, defensive driver, early bird, good student, and student driver.
- State Farm may offer discounts for driver’s education, defensive driving training, passive restraint, safe vehicle, and multiple autos.
- GEICO offers discounts for anti-theft, defensive driver, multi-vehicle, anti-lock brakes, five-year accident-free, military active duty, and emergency military deployment.
- SAFECO offers discounts including teen safe driver, multi-car, safe driver, accident prevention training, anti-lock brakes, and anti-theft.
- AAA may include discounts for good student, multi-car, multi-policy, good driver, pay-in-full, anti-theft, and AAA membership discount.
Before buying, ask each company or agent the best way to save money. Some discounts listed above might not be offered in your state.
Local Anchorage auto insurance agents and car insurance
Many people still prefer to get advice from a local agent and that is a personal choice. Most agents can help you build your policy and will help you if you have claims. One of the great benefits of comparing rates online is the fact that you can find lower rates and still have a local agent. Buying from and supporting local agencies is definitely important in Anchorage.
For easy comparison, once you complete this quick form, your insurance coverage information gets sent to local insurance agents who want to provide quotes for your insurance coverage. There is no reason to contact any insurance agencies since rate quotes are delivered directly to you. If for some reason you want to compare rates from one company in particular, don’t hesitate to jump over to their website and fill out their quote form.
If you’re trying to find a local agent, there are a couple of different types of agents that you can select. Agents in Anchorage are either exclusive or independent (non-exclusive). Either one can handle car insurance, but we need to point out the difference between them since it could factor into buying decisions.
Independent Car Insurance Agents (or Brokers)
Agents that choose to be independent often have affiliation with several companies so they have the ability to put coverage with multiple insurance companies and find you cheaper rates. If your agent finds better pricing, your agent can just switch to a different company and the insured can keep the same agent. When comparing rates, you should always get insurance quotes from independent agents to get the most accurate price comparison.
Below is a partial list of independent agencies in Anchorage who may be able to give you price quote information.
Exclusive Insurance Agents
These type of agents can only provide pricing for a single company and examples are Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents cannot shop your coverage around so you need to shop around if the rates are high. These agents are highly trained on sales techniques and that allows them to sell at a higher price point.
The following are Anchorage exclusive agents who can help you get price quote information.
Choosing an auto insurance agent requires you to look at more than just a low price. These are some questions you should get answers to.
- Is vehicle mileage a factor when determining depreciation for repairs?
- Is there any savings for paying the full premium?
- What are their preferred companies if they are an independent agency?
- Does the agency have a good rating with the Better Business Bureau?
- If you have an accident, will your rates go up?
- Is the agency involved in supporting local community causes?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
Auto insurance coverage options for an Acura RLX
Understanding the coverages of a auto insurance policy helps when choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types offered by auto insurance companies.
Uninsured or underinsured coverage
This coverage provides protection when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as damage to your Acura RLX.
Due to the fact that many Alaska drivers have only the minimum liability required by law (Alaska limits are 50/100/25), it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.
Medical expense coverage
Medical payments and Personal Injury Protection insurance pay for expenses for things like chiropractic care, doctor visits, hospital visits, pain medications and X-ray expenses. They are often utilized in addition to your health insurance plan or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay
Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against claims such as theft, a tree branch falling on your vehicle and falling objects. The most a auto insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Liability auto insurance
Liability insurance provides protection from damage or injury you incur to other people or property. It protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 50/100/25 that translate to a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a total limit of $25,000 for damage to vehicles and property. Some companies may use a combined limit which limits claims to one amount with no separate limits for injury or property damage.
Liability insurance covers claims like loss of income, funeral expenses, repair costs for stationary objects, medical services and repair bills for other people’s vehicles. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford. Alaska state minimum liability requirements are 50/100/25 but drivers should carry more coverage.
The illustration below demonstrates why buying minimum limits may not be enough.
This covers damage to your RLX caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.
Collision coverage protects against claims like hitting a parking meter, rolling your car, sideswiping another vehicle and backing into a parked car. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. You can also increase the deductible on your RLX to get cheaper collision coverage.
Cheaper insurance premiums are possible
You just read many ideas to find affordable Acura RLX insurance in Anchorage. It’s most important to understand that the more companies you get rates for, the higher the chance of saving money. You may even discover the lowest prices are with a small mutual company. Smaller companies often have lower rates on specific markets than their larger competitors like Progressive and GEICO.
When trying to cut insurance costs, make sure you don’t buy less coverage just to save a little money. There are too many instances where an insured dropped physical damage coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy a smart amount of coverage at the best cost.
How to save money on Acura RLX insurance in Anchorage
If you want to save the most money, the best way to get low-cost Acura RLX insurance in Anchorage is to start doing an annual price comparison from insurers who can sell car insurance in Alaska. You can compare prices by following these steps.
First, it will benefit you to learn about what is in your policy and the things you can change to prevent rate increases. Many things that drive up the price such as tickets, at-fault accidents, and a negative credit score can be remedied by being financially responsible and driving safely.
Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from a single company like GEICO and Allstate, while independent agencies can give you price quotes for a wide range of insurance providers.
Third, compare the price quotes to your existing rates and determine if cheaper RLX coverage is available. If you can save money, ensure coverage does not lapse between policies.
One key aspect of rate comparisons is to use identical coverages on every quote request and and to get prices from as many companies as feasibly possible. Doing this helps ensure a fair price comparison and a better comparison of the market.
To learn more, feel free to visit the resources below:
- A Tree Fell on Your Car: Now What? (Allstate)
- Who Has Cheap Anchorage Auto Insurance for Teenage Females? (FAQ)
- How Much are Anchorage Car Insurance Rates for a Dodge Journey? (FAQ)
- Understanding Car Crashes Video (iihs.org)
- What is Covered by GAP Insurance? (Allstate)
- Five Mistakes to Avoid (Insurance Information Institute)
- Booster Seat Ratings (iihs.org)