Save Money on Acura MDX Insurance in Baltimore

Insurance rates Acura MDX in BaltimoreDid budget coverage turn out to be an under-performing, overpriced auto insurance policy? Say no more because many Baltimore drivers feel the same as you.

Amazingly, a recent study showed that a large majority of consumers have bought auto insurance from the same company for four years or more, and about 40% of consumers have never compared rates with other companies. U.S. consumers could save almost 46.5% a year, but they just don’t understand the big savings they would realize if they replace their high priced policy.

How to find cheaper rates for Acura MDX insurance in Baltimore

If saving money is your primary concern, then the best way to find discount Acura MDX insurance is to do a yearly price comparison from insurers in Baltimore. You can compare prices by following these guidelines.

An essential thing to point out is that you’ll want to make sure you compare the same coverage limits and deductibles on each price quote and and to get quotes from as many companies as possible. Doing this ensures a fair price comparison and a better comparison of the market.

With people having so many insurance companies to choose from that have cheaper insurance for an Acura MDX in Baltimore, it’s nearly impossible to locate the cheapest auto insurance company.

It’s a good habit to shop coverage around before your next renewal since prices are usually higher with each renewal. Just because you found the best quotes on Acura MDX insurance in Baltimore a year ago you can probably find a lower rate today. Forget all the misinformation about auto insurance because we’re going to demonstrate the fastest way to reduce your cost while improving coverage.

Pricing the lowest-priced coverage in Baltimore is not as hard as you think. Just about every car owner who needs cheaper car insurance should be able to cut their insurance bill. Although Maryland car owners can benefit from knowing how big insurance companies determine premium rates and use it to your advantage.

The best way to compare car insurance company rates for Acura MDX insurance in Baltimore is to realize most of the larger companies have advanced systems to compare rate quotes. All you need to do is provide information like the ages of drivers, level of coverage desired, whether you are married, and if you are currently licensed. Your information is automatically sent to all major companies and you will receive price estimates within a short period of time.

To compare rates for your Acura MDX now, click here and find out if you can get cheaper insurance in Baltimore.

The companies shown below are our best choices to provide free quotes in Baltimore, MD. To find cheap auto insurance in Maryland, we recommend you visit as many as you can in order to find the lowest rates.

Coverage statistics and figures

The coverage information below covers different insurance policy prices for Acura MDX models. Understanding more about how rates are calculated can be of help when making smart choices when comparing insurance quotes.

Acura MDX Insurance Rates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $400 $580 $418 $24 $126 $1,548 $129
MDX with Tech Package 4WD $400 $684 $418 $24 $126 $1,652 $138
MDX with Tech/Entertainment 4WD $400 $684 $418 $24 $126 $1,652 $138
MDX Advance 4WD $400 $684 $418 $24 $126 $1,652 $138
MDX Advance/Entertainment 4WD $400 $684 $418 $24 $126 $1,652 $138
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Data rating is based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Rates do not factor in vehicle garaging location which can increase or decrease coverage rates greatly.

Physical damage deductibles: Should you raise them?

One of the hardest decisions when shopping for auto insurance is how high should the physical damage coverage deductibles be. The data tables below highlight the costs and benefits between low and high deductibles. The first rate estimation uses a $100 comprehensive and collision deductible and the second price grid uses a $1,000 deductible.

Acura MDX insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $440 $632 $406 $24 $122 $1,649 $137
MDX with Tech Package 4WD $440 $744 $406 $24 $122 $1,761 $147
MDX with Tech/Entertainment 4WD $440 $744 $406 $24 $122 $1,761 $147
MDX Advance 4WD $440 $744 $406 $24 $122 $1,761 $147
MDX Advance/Entertainment 4WD $440 $744 $406 $24 $122 $1,761 $147
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Acura MDX insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $244 $332 $406 $24 $122 $1,128 $94
MDX with Tech Package 4WD $244 $392 $406 $24 $122 $1,188 $99
MDX with Tech/Entertainment 4WD $244 $392 $406 $24 $122 $1,188 $99
MDX Advance 4WD $244 $392 $406 $24 $122 $1,188 $99
MDX Advance/Entertainment 4WD $244 $392 $406 $24 $122 $1,188 $99
Get Your Own Custom Quote Go

Price 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-policy, multi-vehicle, and claim-free. Table data does not factor in vehicle garaging location which can alter insurance rates noticeably.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs about $47 more each month or $564 annually than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you average at least 19 months between claims, you would come out ahead if you decide on a higher deductible.

Male drivers versus female drivers

The illustration below illustrates the comparison of Acura MDX insurance rates for male and female drivers. The price estimates are based on a clean driving record, no claims, comp and collision included, $500 deductibles, drivers are single, and no discounts are factored in.

Full coverage versus liability only rates

The chart below compares Acura MDX insurance costs with full coverage and liability only. The rates are based on no driving violations, no at-fault accidents, $500 deductibles, drivers are not married, and no discounts are taken into consideration.

When to stop paying for full coverage

There is no definitive formula of when to stop paying for physical damage insurance, but there is a general convention. If the yearly cost of comp and collision coverage is about 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.

For example, let’s assume your Acura MDX claim settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $8,000 after the deductible is paid. If it’s costing you more than $800 a year for full coverage, then you might want to think about dropping full coverage.

There are some circumstances where only buying liability is not financially feasible. If you still have a loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not consider dropping full coverage.

Get More Affordable Insurance Prices by Understanding These Factors

Lots of things are part of the calculation when you get a price on insurance. Most are fairly basic like an MVR report, but other criteria are less apparent like where you live or how financially stable you are.

Cheaper rates using alarm systems – Driving a car with an alarm system can get you a discount on your car insurance. Theft deterrent systems like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all aid in stopping vehicle theft.

How credit history affects car insurance rates – Having a good credit score factor in determining premium rates. If your credit score leaves room for improvement, you may save money insuring your Acura MDX by taking the time to improve your credit score. Consumers who have very good credit scores tend to be better risks to insure than drivers who have lower ratings.

Lower annual miles equals lower premium – The more you drive each year the more you’ll pay to insure it. Many insurance companies calculate prices based upon how the vehicle is primarily used. Autos left parked in the garage cost less to insure than cars that get driven a lot. Having an incorrect usage rating on your MDX may be wasting your money. Verify your car insurance declarations sheet reflects the right rating data, because it can save money.

Insurance rates and vehicle performance – The make and model of the car you are buying insurance for makes a significant difference in your premium level. The most favorable rates tend to be for the lowest performance passenger vehicles, but the final cost of insurance is determined by many other factors.

The chart below uses these assumptions: married male driver age 50, full coverage with $100 deductibles, and no discounts or violations. It compares Acura MDX car insurance rates compared to other makes and models that have different performances.

Teen drivers pay higher rates – Youthful drivers in Maryland are statistically shown to be inattentive when driving with friends so car insurance rates are higher. Older insureds are more responsible, tend to cause fewer accidents, and tend to be get fewer driving tickets.

The following chart uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.

Lower rates with a multi-policy discount – Most major companies allow a discount to customers that buy multiple policies. It’s known as a multi-policy discount. Even though this discount sounds good, consumers should still compare Acura MDX rates in Baltimore to help guarantee you have the best rates.

Location can affect price – Choosing to live in less populated areas of the country has it’s advantages when trying to find low car insurance rates. Residents of big cities have to deal with more aggressive driving styles and higher rates of accident claims. Fewer drivers on the road means fewer accidents and a lower car theft rate.

Acura MDX claim statistics – Auto insurance companies analyze historical claim data to calculate a price that offsets possible losses. Models that statistically have higher loss trends will have a higher premium rate. The table below shows the insurance loss data for Acura MDX vehicles.

For each coverage category, the loss probability for all vehicles combined as an average is represented as 100. Values that are 100 or less suggest losses that are better than average, while values that are above 100 indicate a higher chance of having a claim or an increased chance of a larger loss.

Auto Insurance Loss Data for Acura MDX Models
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Acura MDX 4dr 2WD 73 80 102 63 56 63
Acura MDX 4dr 4WD 81 85 123 65 60 59

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Insurance is not optional in Maryland

Despite the high insurance cost for a Acura MDX in Baltimore, insuring your vehicle may be mandatory for several reasons.

First, just about all states have mandatory liability insurance requirements which means the state requires a specific level of liability coverage in order to license the vehicle. In Maryland these limits are 30/60/15 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.

Second, if your MDX has a loan, almost all lenders will have a requirement that you have comprehensive coverage to guarantee their interest in the vehicle. If the policy lapses, the bank or lender will purchase a policy for your Acura at a significantly higher premium and force you to pay for the expensive policy.

Third, insurance protects both your Acura and your personal assets. It also can pay for medical expenses for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance will also pay attorney fees if you are sued as the result of an accident. If mother nature or an accident damages your car, comprehensive and collision coverage will pay to repair the damage.

The benefits of insuring your car more than cancel out the cost, especially with large liability claims. An average driver in America overpays as much as $810 a year so smart consumers compare quotes every year to help ensure money is not being wasted.