Compare Acura TSX Insurance Rate Quotes in Anchorage

A 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.

• Inexpensive frequent insurance claims are not good – If you file claims often, you shouldn’t be surprised to get much higher rates or policy non-renewal. Car insurance companies in Alaska generally give the lowest premiums to drivers that do not abuse their auto insurance. Insurance coverage is intended for claims that pose a financial burden.

• Gender as a rate factor – Statistics show that men are more aggressive behind the wheel. The data does not necessarily mean that women are BETTER drivers than men. Males and females tend to get into auto accidents at a similar rate, but guys get into accidents with more damage. In addition to higher claims, males also get cited for more serious violations like driving under the influence (DUI).

  The illustration below illustrates the difference between Acura TSX premium costs for male and female drivers. Data assumes no claims or driving violations, full physical damage coverage, $250 deductibles, drivers are not married, and no discounts are applied to the premium.

• Drive less and pay lower prices – The higher the mileage driven in a year the more you will pay for auto insurance. A lot of companies charge rates based on their usage. Cars and trucks not used for work or commuting receive better premium rates than those that get driven frequently. An improperly rated TSX is just wasting money. Ask your agent if your auto insurance policy is rated on the correct usage for each vehicle.
• Cheaper rates with high physical damage deductibles – Deductibles for physical damage define the amount you are required to spend in the event of a claim. Insurance for physical damage, also known as collision and other-than-collision, protects your car from damage. Some coverage claims would be a windshield broken by a bird, fire damage, and damage caused by road hazards. The more you’re willing to pay, the lower your rates will be.

• Obey driving laws and save – Having a single citation could increase your next policy renewal substantially. Careful drivers get better prices than bad drivers. Drivers who have gotten severe violations such as reckless driving, hit and run or driving under the influence are required to submit a SR-22 or proof of financial responsibility with their state in order to prevent a license revocation.

  The illustration below shows how traffic citations and at-fault claims can raise Acura TSX annual premium costs for different categories of driver ages. The premium estimates are based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.

• Better rates on safer cars – Vehicles with high crash test scores cost less to insure. Vehicles engineered for safety result in less severe injuries and reduced instances of injuries means lower claim amounts and thus lower rates. If the Acura TSX scored at minimum four stars on Safercar.gov it may be receiving lower rates.

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.

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.

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.

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.

• Discount for Low Mileage – Low annual miles may enable drivers to earn lower rates on the low mileage vehicles.
• Passive Restraints and Air Bags – Vehicles equipped with air bags or motorized seat belts may get savings as much as 30%.
• Pay Now and Pay Less – By paying your entire bill at once rather than paying in monthly installments you could save 5% or more.
• College Student Discount – College-age children who live away from home at college and leave their car at home could get you a discount.
• Drivers Ed for Students – Teen drivers should complete a driver education course as it can save substantially.
• New Car Discount – Insuring a vehicle that is new can get you a discount because new vehicles have to meet stringent safety requirements.
• Early Renewal Discounts – Some larger companies reward drivers for signing up prior to the expiration date on your current TSX insurance policy. You may see this discount when you get Anchorage auto insurance quotes online.
• Telematics Data Discounts – Anchorage drivers who agree to allow driving data submission to study their driving habits by using a telematics device in their vehicle like Drivewise from Allstate or In-Drive from State Farm may see discounts as long as they are good drivers.
• Discounts for Good Drivers – Drivers who don’t get into accidents may save up to 50% more than drivers with accident claims.
• 55 and Retired – Older drivers are able to get a small discount on rates.

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:

• State Farm
• Progressive
• Progressive
• MetLife
• Farm Bureau
• GEICO
• SAFECO

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.

More information can be found at these links:

• Rollover Crash FAQ (iihs.org)
• Who Has Cheap Anchorage Auto Insurance for a Toyota Highlander? (FAQ)
• Car Insurance FAQ (Trusted Choice)
• Vehicle Safety Ratings (iihs.org)
• Winter Driving (Insurance Information Institute)
• Tools for Teen Driving Safety (State Farm)