Compare Acura TSX Insurance Rate Quotes in Anchorage

Insurance quote for Acura TSX in AnchorageA study showed that almost 70% of drivers have bought insurance from the same company for more than four years, and practically 40% of insurance customers have never compared insurance rates at all. With the average insurance premium being $1,200, Anchorage drivers could save roughly $400 a year by just shopping around, but they don’t want to spend time to find affordable insurance by shopping around.

The best way to get affordable auto insurance rates is to compare quotes once a year from insurers in Anchorage. Drivers can shop around by following these steps.

  1. Spend a few minutes and learn about how insurance works and the factors you can control to prevent expensive coverage. Many policy risk factors that are responsible for high rates such as at-fault accidents, speeding tickets, and poor credit rating can be eliminated by being financially responsible and driving safely. This article provides additional tips to keep prices down and find available discounts that you may qualify for.
  2. Get rate quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive or Farmers Insurance, while independent agents can provide price quotes from many different companies.
  3. Compare the new quotes to your existing policy to determine if you can save on TSX insurance in Anchorage. If you find a lower rate and decide to switch, make sure coverage is continuous and does not lapse.

A good tip to remember is to use similar deductibles and liability limits on every quote and and to get prices from as many carriers as you can. This guarantees an apples-to-apples comparison and a complete price analysis.

Smart Buyers Save More

A large part of saving on auto insurance is knowing some of the factors that go into determining the level of your policy premiums. If you know what determines base rates, this helps enable you to make changes that will entitle you to cheaper rates. Lots of factors are taken into consideration when you get a price on insurance. Some of the criteria are obvious like an MVR report, but some are more obscure like where you live and annual miles driven.

Acura TSX insurance charts and tables

The price information displayed next showcases a range of insurance costs for Acura TSX models. Having a better idea how car insurance premiums are figured can help customers make decisions on which insurance to purchase.

Acura TSX Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
TSX $142 $258 $236 $14 $70 $720 $60
TSX Technology Package $142 $258 $236 $14 $70 $720 $60
Get Your Own Custom Quote Go

Data variables include married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Prices do not factor in Anchorage location which can revise premiums significantly.

Higher deductibles save money

A question often asked by Anchorage drivers is which deductibles should you choose. The premium rates below approximate the differences in price when you buy lower versus higher physical damage deductibles. The first set of rates uses a $250 physical damage coverage deductible and the second rate chart uses a $1,000 deductible.

Acura TSX insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
TSX $238 $418 $232 $14 $70 $997 $83
TSX Technology Package $238 $418 $232 $14 $70 $997 $83
Get Your Own Custom Quote Go

Acura TSX insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
TSX $146 $262 $232 $14 $70 $724 $60
TSX Technology Package $146 $262 $232 $14 $70 $724 $60
Get Your Own Custom Quote Go

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

We can derive from the above data that using a $250 deductible costs about $23 more each month or $276 each year averaged for all TSX models than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to go more than 33 months between claim filings, you would come out ahead if you choose the higher deductible. The table below illustrates how you can do this calculation yourself.

Average monthly premium for $250 deductibles: $83
Average monthly premium for $1,000 deductibles (subtract): – $60
Monthly savings from raising deductible: $23
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $23
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 33 months

Difference between liability only and full coverage rates

The diagram below shows the comparison of Acura TSX insurance costs with full physical damage coverage and with liability coverage only. The rate quotes are based on no claims or driving citations, $250 deductibles, single status, and no discounts are taken into consideration.

When to stop buying full coverage

There is no written rule to delete physical damage insurance, but there is a general school of thought. If the annual cost of having full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.

For example, let’s pretend your Acura TSX replacement cost is $6,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company will settle for is $5,000 after the deductible is paid. If you are paying over $500 a year for full coverage, then you may want to consider only buying liability coverage.

There are a few situations where removing full coverage is not a good plan. If you haven’t satisfied your loan, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not remove full coverage.

Cheaper rates by taking advantage of discounts

Companies don’t necessarily list every available discount very well, so here is a list some of the best known and also the lesser-known insurance savings. If you do not check that you are getting every discount you qualify for, you’re paying more than you need to.Save money with discounts

One thing to note about discounts is that most of the big mark downs will not be given to the whole policy. Most only apply to individual premiums such as liability, collision or medical payments. So even though you would think all the discounts add up to a free policy, it’s just not the way it works.

The illustration below shows the comparison of Acura TSX premium costs with and without discounts applied to the policy rates. The prices are based on a female driver, no accidents, no driving violations, Alaska state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-car, safe-driver, multi-policy, and homeowner discounts applied.

Some companies who might offer some of the above discounts possibly include:

Check with all companies you are considering to give you their best rates. A few discounts might not be offered everywhere.

More effort can pay off

People change insurance companies for many reasons like delays in paying claims, delays in responding to claim requests, lack of trust in their agent or even denial of a claim. Regardless of your reason for switching companies, finding a new auto insurance company is pretty easy and you might even save some money in the process.

Discount Acura TSX insurance in Anchorage can be sourced on the web and from local agencies, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance providers may not offer online price quotes and these regional carriers provide coverage only through independent agents.

Throughout this article, we presented many tips how you can compare Acura TSX insurance prices in Anchorage. It’s most important to understand that the more rate quotes you have, the better your comparison will be. You may even discover the best prices are with a small mutual company.

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