Cheap Insurance for an Acura TL in Madison

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Insurance rates Acura TL in MadisonInconceivable but true, most car insurance buyers in Wisconsin kept their policy with the same company for four years or more, and approximately 38% of consumers have never shopped around. Drivers in America could pocket up to 47% a year by just comparing rate quotes, but they don't understand how simple it is to shop around.

It takes a few minutes, but the best way to get more affordable Acura TL insurance is to compare prices annually from companies who can sell car insurance in Madison. You can compare rates by following these guidelines.

  1. Take a little time to learn about how your policy works and the modifications you can make to keep rates low. Many rating factors that cause rate increases like tickets, at-fault accidents, and a not-so-good credit rating can be rectified by making minor changes in your lifestyle.
  2. Compare price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like GEICO or State Farm, while independent agencies can give you price quotes for a wide range of companies.
  3. Compare the new rate quotes to your existing rates to determine if you can save on TL insurance. If you can save some money, make sure there is no coverage gap between policies.
  4. Provide notification to your current company of your decision to cancel your current auto insurance policy. Submit the signed application along with the required initial payment to the new insurer. When you receive it, keep your new certificate verifying proof of insurance along with the vehicle's registration papers.

One key aspect when comparing rates is to make sure you enter identical coverages on every quote and and to get quotes from every insurance company. Doing this ensures an apples-to-apples comparison and the best price quote selection.

Compare quotes for Madison Acura TL insurance

All the larger car insurance companies give prices on their websites. Doing online price comparisons for Acura TL insurance in Madison is quite simple as you simply enter the coverages you want as detailed in the form. Once entered, the company's rating system obtains your driving record and credit report and generates pricing information based on many factors. Using the web to get price quotes for Acura TL insurance in Madison makes it easy to compare insurance prices and it is imperative to get many rate quotes if you are searching for the lowest payment on car insurance.

To quickly get comparison pricing now, visit the companies below or click here to submit a quote request to multiple companies at once. To compare your current rates, we recommend you copy deductibles and limits as shown on your current policy. Using the same limits helps guarantee you will be getting rate quotes using the same coverage and limits.

The companies shown below are ready to provide free quotes in Wisconsin. To find cheaper car insurance in Wisconsin, we suggest you visit several of them to get the lowest price.

Acura TL insurance charts and tables

The rate table below covers estimates of prices for Acura TL models. Learning how auto insurance policy rates are formulated can be valuable when making smart buying decisions.

Acura TL Insurance Rates in Madison, WI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
TL 3.5 $160 $328 $278 $16 $84 $866 $72
TL 3.5 W/Technology Package $160 $328 $278 $16 $84 $866 $72
TL 3.7 SH AWD $160 $328 $278 $16 $84 $866 $72
TL 3.7 SH W/Technology Package AWD $160 $376 $278 $16 $84 $914 $76
Get Your Own Custom Quote Go

Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Rate quotes do not factor in zip code location which can decrease or increase rates substantially.

Insurance deductibles

The hardest decision when buying coverage is how high or low should comp and collision deductibles be. The premium rates below highlight how much more rates are of buying low and high comp and collision deductibles. The first rate table uses a $100 physical damage deductible and the second set of rates 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 $224 $422 $230 $14 $68 $983 $82
TL 3.5 W/Technology Package $224 $422 $230 $14 $68 $983 $82
TL 3.7 SH AWD $224 $422 $230 $14 $68 $983 $82
TL 3.7 SH W/Technology Package AWD $224 $484 $230 $14 $68 $1,045 $87
Get Your Own Custom Quote Go
Acura TL insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
TL 3.5 $124 $222 $230 $14 $68 $658 $55
TL 3.5 W/Technology Package $124 $222 $230 $14 $68 $658 $55
TL 3.7 SH AWD $124 $222 $230 $14 $68 $658 $55
TL 3.7 SH W/Technology Package AWD $124 $256 $230 $14 $68 $692 $58
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Price estimates do not factor in your specific Madison location which can affect coverage prices significantly.

Based on the above data, using a $100 deductible will cost you roughly $27 more each month or $324 every year than quoting the higher $1,000 deductible. Since you would pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you have more than 33 months between claim filings, you would more than likely save some money if you opt for a higher deductible. Here is how you can decide this on your own policy.

Average monthly premium for $100 deductibles: $83
Average monthly premium for $1,000 deductibles (subtract): - $56
Monthly savings from raising deductible: $27
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 33 months

One thing to note is that a higher deductible means you will have to pay more out-of-pocket if you have a claim. You should have enough savings in the event you have to pay more for the deductible.

The chart below shows how choosing a deductible and can influence Acura TL annual premium costs for each age group. Data assumes a married female driver, comp and collision included, and no discounts are factored in.

How accidents and violations affect rates

The illustration below highlights how speeding tickets and fender-benders increase Acura TL insurance premiums for different ages of insureds. The price estimates are based on a married male driver, comp and collision included, $500 deductibles, and no other discounts are factored in.

Gender-based insurance rates by age

The chart below shows the difference between Acura TL insurance costs for male and female drivers. The premium estimates are based on a clean driving record, no claims, full physical damage coverage, $100 deductibles, single marital status, and no additional discounts are factored in.

Full coverage rates vs. liability-only

The diagram below visualizes the comparison of Acura TL insurance rates when comparing full coverage to state minimum liability only. The rates are based on no violations or accidents, $500 deductibles, marital status is single, and no discounts are applied.

When to stop buying full coverage

There isn't a written rule for dropping full coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let's say your Acura TL replacement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $2,000 after paying your deductible. If you are paying more than $200 annually to have full coverage, then you might consider buying liability only.

There are some conditions where only buying liability is not a good idea. If you still owe a portion of the original loan, you have to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not remove full coverage.

Buying the right vehicle insurance in Wisconsin is an important decision

Despite the high cost of buying insurance for a Acura TL in Madison, insurance may be required and benefits you in several ways.

  • Almost all states have mandatory insurance requirements which means you are required to buy a specific level of liability insurance in order to drive the car. In Wisconsin these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If you bought your TL with a loan, almost every bank will stipulate that you have comprehensive coverage to guarantee loan repayment. If you let the policy lapse, the lender may insure your Acura at a much higher premium rate and require you to pay the higher price.
  • Insurance safeguards both your Acura and your personal assets. Insurance will also pay for all forms of medical expenses for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses if you are named as a defendant in an auto accident. If you have damage to your Acura as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.

The benefits of carrying enough insurance more than cancel out the cost, particularly when you have a large claim. According to a 2015 survey, the average American driver is overpaying more than $869 every year so compare quotes from several companies every year to help ensure money is not being wasted.

Acura TL Insurance Premium Factors

Multiple criteria are used when you quote your car insurance policy. Some of the criteria are obvious like your driving record, but other factors are not quite as obvious like your vehicle usage and annual miles driven. One of the most helpful ways to save on auto insurance is to to have a grasp of the different types of things that are used to determine your auto insurance rates. If you know what determines premiums, this helps enable you to make changes that could result in better auto insurance rates.

  • Pay more of a claim out-of-pocket - Comprehensive and collision coverage deductibles tell how much you are willing to pay out-of-pocket if the claim is covered. Coverage for physical damage, aka comp and collision, covers damage that occurs to your car. Some examples of claims that would be covered could be colliding with a stationary object, animal collisions, and damage caused by road hazards. The larger the amount the insured has to pay upfront, the less your company will charge you for insurance.
  • Save money with responsible credit - Your credit score is a large factor in calculating your premium rate. So if your credit is low, you could be paying less to insure your Acura TL by spending a little time repairing your credit. Insureds that have high credit scores tend to file fewer claims and have better driving records than those with worse credit.
  • Your employer and auto insurance rates - Occupations such as military generals, executives, and emergency personnel generally pay higher rates than average because of high stress levels and long work days. Other occupations such as actors, students and retirees generally pay rates lower than average.
  • Discounts for married couples - Having a wife or husband actually saves money on your policy. It demonstrates that you tend to be more financially stable and statistics prove being married results in fewer claims.
  • Liability protection claims can be big - A critical coverage on your policy, liability insurance will provide protection if ever you are responsible for causing damage or personal injury in an accident. It provides legal defense coverage up to the limits shown on your policy. It is affordable coverage when compared to the cost of physical damage coverage, so drivers should make sure they buy enough to cover all assets.
  • Drive less and get lower premiums - Driving a lot of miles each year the more it will cost to insure it. Most insurance companies calculate prices based upon how you use the vehicle. Vehicles that have low annual miles can get a lower rate as compared to vehicles used primarily for driving to work. Make sure your vehicle rating states annual mileage. An incorrectly rated TL may be costing you.
  • Insurance costs and vehicle performance - The type of car you own makes a huge difference in your auto insurance rates. Economy passenger models usually have the lowest premiums, but many other things help determine your insurance rates.

    The following chart uses these variables: married female driver age 50, full coverage with $500 deductibles, and no discounts or violations. It illustrates Acura TL rates compared to other models of vehicles that have different risk factors.

  • Insurance loss probability for an Acura TL - Insurers analyze historical claim data in order to profitably underwrite each model. Models that the data determines to have a higher amount or frequency of claims will have increased rates.

    The information below illustrates the historical insurance loss data for Acura TL vehicles. For each policy coverage, the claim probability for all vehicles averaged together is represented as 100. Numbers shown that are under 100 suggest a positive loss record, while numbers above 100 indicate higher probability of having a loss or an increased likelihood of larger losses.

    Acura TL Insurance Claim Statistics
    Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Acura TLX 4dr 2WD 90 75 97 93 74 77
    Acura TLX 4dr 4WD 120 75

    Empty fields indicate not enough data collected
    Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Shop smart and save

More affordable auto insurance in Madison can be bought both online as well as from insurance agents, and you need to price shop both to have the best rate selection. Some companies may not offer price quotes online and these small, regional companies provide coverage only through independent insurance agents.

When searching for affordable Acura TL insurance quotes, it's not a good idea to buy lower coverage limits just to save a few bucks. Too many times, an insured dropped collision coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. The aim is to buy enough coverage at a price you can afford while not skimping on critical coverages.

We've covered many ways to get a better price on Acura TL insurance in Madison. The most important thing to understand is the more rate comparisons you have, the higher the chance of saving money. You may even discover the best rates are with an unexpected company. Regional companies can often insure niche markets at a lower cost than the large multi-state companies such as GEICO and State Farm.

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