Paying for expensive Acura TSX insurance in El Paso can bottom out your accounts and put a big crunch on your finances.
A recent auto insurance study discovered that most auto insurance buyers kept their coverage with the same auto insurance company for over three years, and 38% of drivers have never even shopped around for cheaper coverage. Most drivers in El Paso can save hundreds of dollars each year just by shopping around, but most just don’t grasp the amount of savings they would get if they just switched companies. Since drivers have many insurance providers from which to choose, it can be hard to find the most affordable auto insurance company.
It’s a good habit to compare rates yearly because prices are variable and change quite frequently. Just because you found the best price on Acura TSX insurance in El Paso at your last renewal you will most likely find a better rate quote today. Ignore everything you know about auto insurance because we’re going to demonstrate the only way to save money, get proper deductibles and limits, all at the lowest rate.
The purpose of this post is to help educate you on how to effectively get price quotes and also save some money in the process If you already have coverage, you will be able to find the best rates using the concepts you’re about to learn. Shoppers just have to use how to buy car insurance from many different companies.
Finding low cost El Paso auto insurance rates is actually quite simple. You just need to spend a little time to compare rate quotes online with multiple companies.
Comparing free quotes online is easy and it, takes the place of having to actually drive to each insurance agency near you. Shopping for auto insurance online has made agencies unnecessary unless you have a complicated situation and need the professional assistance of an agent trained in personal lines coverage. Drivers can comparison shop your insurance online and still use a local agent.
The companies shown below offer quotes in El Paso, TX. If more than one company is shown, we suggest you visit several of them in order to get a fair rate comparison.
Insurance is an important decision
Despite the high cost of buying insurance for a Acura TSX in El Paso, maintaining insurance is a good idea for several reasons.
- Just about all states have compulsory liability insurance requirements which means the state requires a specific level of liability insurance coverage if you don’t want to risk a ticket. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you took out a loan on your Acura TSX, more than likely the lender will make it a condition of the loan that you carry insurance to guarantee loan repayment. If you do not keep the policy in force, the bank may insure your Acura at a more expensive rate and require you to pay for the expensive policy.
- Insurance protects your car and your assets. Insurance will also pay for most medical and hospital costs for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if you are sued as the result of your driving. If mother nature or an accident damages your car, comprehensive and collision coverage will pay to have it repaired.
The benefits of having insurance are without a doubt worth the cost, especially when you need to use it. The average driver in Texas is overpaying more than $869 every year so it’s very important to do a rate comparison at every policy renewal to save money.
Insurance coverage details
The data table displayed next highlights detailed analysis of rate quotes for Acura TSX models. Learning as much as possible about how policy premiums are established can benefit drivers when making decisions when shopping your coverage around.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|TSX Technology Package||$228||$452||$438||$26||$130||$1,274||$106|
|Get Your Own Custom Quote Go|
Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Rates do not factor in garaging location in El Paso which can affect auto insurance rates noticeably.
The diagram below highlights how deductible selection and can increase or decrease Acura TSX insurance prices for different age groups. The information is based on a single female driver, comp and collision included, and no other discounts are factored in.
How accidents and violations affect rates
The information below highlights how speeding tickets and at-fault claims can impact Acura TSX car insurance rates for different age categories. The premiums are based on a married female driver, comp and collision included, $250 deductibles, and no additional discounts are factored in.
Price comparison of only insuring for liability
The example below illustrates the comparison of Acura TSX auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The premiums are based on no violations or claims, $1,000 deductibles, drivers are not married, and no discounts are factored in.
When to stop paying for full coverage
There isn’t a steadfast formula for excluding physical damage insurance, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
For example, let’s pretend your Acura TSX replacement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $6,000 after the policy deductible has been paid. If you are currently paying more than $600 a year for full coverage, then it might be time to buy liability only.
There are some scenarios where removing full coverage is not advised. If you still owe money on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not opt for liability only.
Verify you’re earning every discount
Companies don’t always advertise all discounts very clearly, so the list below details some of the more common and the more hidden discounts that you may qualify for.
- Anti-lock Brake System – Cars with ABS and/or traction control have fewer accidents and the ABS can save up to 10%.
- Passive Restraints and Air Bags – Vehicles with factory air bags and/or automatic seat belt systems can receive discounts of 20% or more.
- Senior Discount – If you qualify as a senior citizen, you may qualify for a discount up to 10%.
- Theft Deterrent – Cars and trucks that have factory anti-theft systems have a lower chance of being stolen so companies will give you a small discount.
- Low Mileage – Low annual miles can qualify you for substantially lower premium rates.
- Onboard Data Collection – Drivers who elect to allow driving data collection to analyze vehicle usage by using a telematics device in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system could see a rate decrease if they have good driving habits.
Discounts save money, but please remember that many deductions do not apply to all coverage premiums. A few only apply to the price of certain insurance coverages like liability and collision coverage. So even though it sounds like all those discounts means the company will pay you, that’s just not realistic.
The diagram below illustrates the comparison of Acura TSX car insurance costs with and without discounts applied. The data assumes a male driver, a clean driving record, no claims, Texas state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, multi-policy, claim-free, marriage, and safe-driver discounts applied.
Large insurance companies and a selection of discounts can be found below.
- GEICO offers discounts for good student, emergency military deployment, military active duty, anti-lock brakes, anti-theft, and multi-vehicle.
- Auto-Owners Insurance discounts include good student, safe vehicle, safe driver, company car, and mature driver.
- American Family offers discounts including early bird, good student, bundled insurance, air bags, accident-free, and defensive driver.
- Esurance may include discounts for good driver, safety device, online shopper, Pac-12 alumni, paid-in-full, and online quote.
- Progressive has savings for online quote discount, multi-policy, online signing, homeowner, multi-vehicle, good student, and continuous coverage.
- State Farm policyholders can earn discounts including good driver, passive restraint, multiple autos, defensive driving training, good student, safe vehicle, and student away at school.
- AAA may have discounts that include multi-car, pay-in-full, AAA membership discount, education and occupation, and good driver.
If you need cheaper El Paso car insurance quotes, ask each company which discounts you may be entitled to. Some discounts listed above may not apply in your state. For a list of companies that offer discounts in El Paso, click this link.
You may need specialized car insurance coverage
When quoting and comparing coverage, there really is no best way to insure your cars. Your financial needs are unique.
These are some specific questions could help you determine whether your personal situation would benefit from professional advice.
- Why am I required to buy liability insurance?
- What states are considered no-fault?
- Which is better, split liability limits or combined limits?
- Can I still get insurance after a DUI?
- Is business equipment covered while in my vehicle?
- Does coverage extend to my business vehicle?
- Do I need motorclub coverage?
- What if a claim settlement is too low?
- Does my Acura TSX need full coverage?
- Am I covered if I back into my garage door?
If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find lower rates from a local agent, take a second and complete this form. It only takes a few minutes and can help protect your family.