Cheapest Rates for Acura TL Insurance in Baltimore

Insurance rates Acura TL in BaltimoreShocking but true, most insurance buyers kept buying from the same company for at least four years, and about 40% of consumers have never even compared rates from other companies. With the average insurance premium being $1,490, Maryland drivers could save about 55% each year just by getting comparison quotes, but they underestimate the big savings they would realize if they moved their coverage to a different company.

To save the most money, the best way to get affordable auto insurance rates is to compare prices once a year from different companies who sell insurance in Baltimore. Drivers can shop around by completing these steps.

  1. Read and learn about what is in your policy and the changes you can make to drop your rates. Many policy risk factors that cause rate increases like accidents, traffic tickets, and poor credit history can be rectified by improving your driving habits or financial responsibility. This article gives more information to help find cheaper rates and find available discounts that you may qualify for.
  2. Request price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only quote rates from a single company like GEICO or State Farm, while independent agencies can provide rate quotes for many different companies.
  3. Compare the new rate quotes to your existing rates and see if there is a cheaper rate. If you can save some money and change companies, make sure there is no lapse in coverage.
  4. Provide notification to your current agent or company to cancel your current auto insurance policy. Submit the completed application along with a down payment for your new coverage. Once the paperwork is finalized, put the proof of insurance paperwork in your vehicle’s glove compartment or console.

An essential thing to point out is to use the same physical damage deductibles and liability limits on every quote and and to get price quotes from as many companies as you can. This helps ensure the most accurate price comparison and a complete rate analysis.

Companies offering Acura TL insurance in Baltimore

The following companies provide free rate quotes in Baltimore, MD. If your goal is to find the best cheap car insurance in Maryland, we suggest you visit as many as you can to get a more complete price comparison.

Acura TL insurance charts and tables

The coverage table displayed below covers different prices for Acura TL models. Having a better idea how car insurance premiums are figured can help drivers make smart choices when purchasing an auto insurance policy.

Acura TL Insurance Rates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
TL 3.5 $188 $384 $426 $26 $128 $1,152 $96
TL 3.5 W/Technology Package $188 $384 $426 $26 $128 $1,152 $96
TL 3.7 SH AWD $188 $384 $426 $26 $128 $1,152 $96
TL 3.7 SH W/Technology Package AWD $188 $442 $426 $26 $128 $1,210 $101
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Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Table data does not factor in the specific area where the vehicle is garaged which can influence rates significantly.

Analysis of deductible levels

One of the more difficult decisions when buying auto insurance is which deductible level should you buy. The comparison tables below show the difference in cost when you select higher and lower deductibles. The first rate table uses a $100 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.

Acura TL insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
TL 3.5 $394 $744 $406 $24 $122 $1,715 $143
TL 3.5 W/Technology Package $394 $744 $406 $24 $122 $1,715 $143
TL 3.7 SH AWD $394 $744 $406 $24 $122 $1,715 $143
TL 3.7 SH W/Technology Package AWD $394 $856 $406 $24 $122 $1,827 $152
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Acura TL insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
TL 3.5 $218 $392 $406 $24 $122 $1,162 $97
TL 3.5 W/Technology Package $218 $392 $406 $24 $122 $1,162 $97
TL 3.7 SH AWD $218 $392 $406 $24 $122 $1,162 $97
TL 3.7 SH W/Technology Package AWD $218 $452 $406 $24 $122 $1,222 $102
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Price information does not factor in specific zip code location which can decrease or increase price quotes substantially.

We can estimate from the data above that using a $100 deductible will cost you roughly $47 more each month or $564 every year than choosing the higher $1,000 deductible. Since you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you average at a minimum 19 months between claims, you would most likely save money going with the higher deductible.

Calculate savings of higher deductibles

Average monthly premium for $100 deductibles: $145
Average monthly premium for $1,000 deductibles (subtract): – $98
Monthly savings from raising deductible: $47
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $47
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

Acura TL liability rates compared to full coverage

The example below shows the difference between Acura TL insurance prices with and without physical damage coverage. The premiums assume no violations or claims, $250 deductibles, marital status is single, and no discounts are taken into consideration.

When to drop full coverage

There is no set rule for phasing out full coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is 10% or more of the replacement cost minus the deductible, then it may be the right time to buy liability only.

For example, let’s say your Acura TL replacement cost is $3,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $2,000 after you pay the deductible. If premiums are more than $200 a year for comprehensive and collision coverage, then you may need to consider dropping full coverage.

There are a few cases where buying only liability insurance is not a good idea. If you still owe money on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not buy liability only.

How You Can Control Acura TL Insurance Rates

Lots of things are part of the calculation when you quote your car insurance policy. Some are pretty understandable such as your driving record, although others are less obvious like your continuous coverage or your vehicle rating.

Don’t overlook these Acura TL insurance discounts

Companies offering auto insurance don’t list all available discounts in a way that’s easy to find, so we took the time to find both well-publicized and the harder-to-find savings tricks you should be using when you buy Baltimore car insurance online.Save money with discounts

One thing to note about discounts is that most credits do not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So even though it sounds like having all the discounts means you get insurance for free, it doesn’t quite work that way.

The chart below shows the difference between Acura TL car insurance rates with and without discounts applied to the policy rates. The rates are based on a male driver, no claims or violations, Maryland state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-car, claim-free, multi-policy, and safe-driver discounts applied.

A list of companies and some of the premium reductions they offer are included below.

Double check with every company how you can save money. Depending on the company, some discounts may not be offered in every state. If you would like to choose from a list of insurance companies who offer cheap Acura TL insurance quotes in Baltimore, click here.

Comparing rates from local Baltimore auto insurance agents

Many people still like to talk to a local agent and that is OK! One of the great benefits of comparing insurance online is the fact that drivers can get lower rates and still have an agent to talk to. And providing support for local insurance agents is important particularly in Baltimore.

Insurance agency in BaltimoreOnce you complete this quick form, the quote information is immediately sent to local insurance agents in Baltimore who will give you quotes for your business. You won’t even need to search for an agent due to the fact that quote results will go to the email address you provide. You can most likely find cheaper rates and a licensed agent to work with. If you wish to compare rates from a particular provider, don’t hesitate to visit that company’s website and fill out their quote form.

Pick the best car insurance agent in Baltimore for you

When searching for a local insurance agency, you should know the different types of agencies and how they can quote your rates. Agents in Baltimore are considered either independent agents or exclusive agents depending on their employer.

Independent Insurance Agencies

Agents that choose to be independent do not sell for just one brand and that allows them to write policies with multiple insurance companies enabling the ability to shop coverage around. If they quote lower rates, your policy is moved internally and you don’t have to find a new agent.

If you are comparing rate quotes, you will want to contact independent agents for the best price selection.

The following is a small list of independent agencies in Baltimore that may be able to give free insurance quotes.

11 E Lexington StBaltimore, MD 21202(443) 869-6424View Map

6822 Harford RdBaltimore, MD 21234(410) 254-1500View Map

6800 Holabird Ave aBaltimore, MD 21222(410) 282-1379View Map

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Exclusive Insurance Agents

Exclusive agents generally can only insure with one company like Farmers Insurance or State Farm. These agents are unable to provide rate quotes from other companies so you might not find the best rates. Exclusive agents are trained well on their company’s products and that enables them to sell even at higher rates.

Shown below are Baltimore exclusive agencies who can help you get comparison quotes.

7939 Honeygo Blvd #105Baltimore, MD 21236(410) 529-2523View Map

1055 Taylor Ave Ste 112Baltimore, MD 21286(410) 321-0101View Map

101 St Helena AveBaltimore, MD 21222(410) 288-4120View Map

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Finding the right auto insurance agent should depend on more than just a cheap quote. The following questions are important to ask.

Upon receiving reasonable responses to your questions as well as an affordable premium quote, most likely you have located an auto insurance agent that can be trusted to adequately provide insurance.

Don’t give up on affordable premiums

The cheapest Acura TL insurance in Baltimore is definitely available from both online companies and also from your neighborhood Baltimore agents, so you need to shop Baltimore car insurance with both to have the best chance of lowering rates. Some insurance companies may not provide online quoting and these smaller providers only sell coverage through independent agencies.

In this article, we presented a lot of tips how to shop for Acura TL insurance online. It’s most important to understand that the more rate quotes you have, the better likelihood of getting the cheapest Acura TL rate quotes. You may even discover the lowest priced auto insurance comes from the smaller companies. These companies may only write in your state and offer lower rates than their larger competitors like Progressive and GEICO.

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