I doubt anyone likes buying car insurance, especially when they know their premiums are through the roof.
It’s easy to assume that insurance companies don’t want you shop around. People who shop for lower rates will presumably switch car insurance companies because there is a significant possibility of finding a policy with more affordable rates. A recent survey found that drivers who did price comparisons regularly saved over $70 a month compared to those who never compared prices.
If finding the best price on Acura RDX insurance in Madison is your objective, then having a good understanding how to shop and compare insurance can help make the process easier and more efficient. Numerous auto insurance companies battle for your business, and it can be difficult to compare rates to find the best rate on Acura RDX insurance in Madison.
If you have a policy now or need new coverage, you can learn to save money without reducing protection. Finding the cheapest coverage in Madison is quite easy. Comparison shoppers just need to know the proper methods to compare insurance rates online.
Most major insurance companies such as State Farm and Allstate allow you to get insurance quotes online. The process is easy for anyone because it’s just a matter of typing in your required coverages as requested by the quote form. After you submit the form the quote system gets reports for credit and driving violations and generates a price. This simplifies rate comparisons, and it is imperative to have as many quotes as possible if you want to get a lower rate.
To use this form to compare rates, visit the companies below or click here to submit a quote request to multiple companies at once. If you have a policy now, it’s recommended you complete the form with coverages and limits as shown on your current policy. Using the same limits helps guarantee you will receive a price comparison for similar coverage.
The companies shown below are our best choices to provide free quotes in Wisconsin. If your goal is to find cheaper auto insurance in Wisconsin, we suggest you click on several of them to find the most affordable car insurance rates.
Coverage statistics and figures
The rate information shown next covers different insurance policy prices for Acura RDX models. Learning as much as possible about how insurance rates are established can be valuable when making smart choices when buying a car insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|RDX Technology Package 2WD||$254||$422||$256||$16||$76||$1,024||$85|
|RDX Technology Package AWD||$254||$422||$256||$16||$76||$1,024||$85|
|Get Your Own Custom Quote Go|
Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Prices do not factor in specific location which can lower or raise coverage rates considerably.
Irresponsible driving raises your rates
The diagram below illustrates how traffic citations and at-fault claims can drive up Acura RDX auto insurance costs for different age categories. The price estimates are based on a married female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are taken into consideration.
Males versus Females
The diagram below illustrates the comparison of Acura RDX car insurance costs for male and female drivers. The rates are based on no violations or accidents, comp and collision included, $250 deductibles, single marital status, and no additional discounts are factored in.
Difference between liability only and full coverage rates
The information below shows the difference between Acura RDX insurance rates with liability coverage only compared to full coverage. Data assumes no violations or accidents, $100 deductibles, single marital status, and no discounts are factored in.
When to switch to liability coverage only
There is no exact formula to drop full coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is more than around 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.
For example, let’s say your Acura RDX replacement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $2,000 after the deductible is paid. If you are paying over $200 a year for your policy with full coverage, then you may want to consider only buying liability coverage.
There are a few situations where dropping full coverage is not financially feasible. If you haven’t paid off your loan, you have to carry full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not buy liability only.
Car insurance does more than just protect your car
Even though it’s not necessarily cheap to insure an Acura in Madison, buying car insurance is mandatory in Wisconsin but it also protects more than you think.
First, most states have compulsory liability insurance requirements which means state laws require specific limits of liability in order to license the vehicle. 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.
Second, if you have a loan on your Acura RDX, more than likely the lender will make it a condition of the loan that you buy insurance to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Acura at a much higher rate and force you to pay a much higher amount than you were paying before.
Third, car insurance protects not only your vehicle but also your financial assets. It will also reimburse you for medical bills for yourself as well as anyone injured by you. Liability coverage will also pay to defend you if anyone sues you for causing an accident. If your Acura gets damaged, your car insurance policy will cover the damage repairs after a deductible is paid.
The benefits of insuring your RDX outweigh the cost, especially for larger claims. The average driver in Wisconsin is wasting up to $855 a year so compare rate quotes at every renewal to be sure current rates are still competitive.
Decisions You Make Can Impact Your Insurance Premiums
Lots of things are part of the calculation when you get a price on insurance. Some are obvious such as your driving record, but other factors are more obscure like your vehicle usage or your vehicle rating.
The itemized list below are a few of the things used by companies to determine your prices.
Never let your policy expire – Having an insurance coverage lapse can be a sure-fire way to drive up your policy premiums. Not only will rates go up, failure to provide proof of insurance can result in a license revocation or jail time. You may then have to prove you have insurance by filing a SR-22 with the Wisconsin motor vehicle department to get your license reinstated.
Premiums and job – Do you have a high-stress occupation? Careers such as judges, air traffic controllers, and accountants have higher rates than the rest of us attributed to high stress levels and lengthy work days. Other occupations like actors, historians and homemakers get better rates.
Don’t abuse insurance claims – If you frequently file small claims, you can definitely plan on higher premiums or even policy non-renewal. Auto insurance companies in Wisconsin provide the best rates to drivers who only file infrequent claims. Auto insurance is meant to be used in the event of major claims that would cause financial hardship.
Deter car thieves – Buying a car that has an advanced theft prevention system can help bring down rates. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help prevent your car from being stolen.
Single drivers take more risk – Your spouse may cut your premiums when buying car insurance. It translates into being less irresponsible and statistics prove married couples file fewer claims.
Acura RDX statistical loss data – Insurers use past insurance losses as a tool for profitable underwriting. Models that are shown to have a trend towards higher claim severity or frequency will have a higher premium rate. The next table illustrates the historical loss data for Acura RDX vehicles.
For each coverage category, the loss probability for all vehicles as a whole is set at 100. Numbers under 100 suggest a positive loss record, while percentage numbers above 100 point to more frequent losses or a tendency for losses to be larger than average.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Acura RDX 4dr 2WD||64||75||57||67||67||71|
|Acura RDX 4dr 4WD||68||79||79||68||66||60|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
You may qualify for discounts for Acura RDX insurance in Madison
Insurance is neither fun to buy or cheap, but you might already qualify for some discounts to cut the cost considerably. Some discounts apply automatically at the time you complete a quote, but occasionally some discounts must be asked about before you get the savings.
- Membership in Organizations – Affiliation with certain professional organizations could earn you a nice discount on your next renewal.
- No Accidents – Drivers with accident-free driving histories have much lower rates when compared to policyholders that have many claims.
- Cautious Driver Discount – Safe drivers can get discounts for up to 45% lower rates compared to accident prone drivers.
- Government Employee Discount – Being employed by or retired from a federal job could qualify for a slight premium decrease depending on your insurance provider.
- Theft Prevention Discount – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems can help prevent theft and qualify for as much as a 10% discount.
- Low Mileage Discounts – Maintaining low annual mileage may enable drivers to earn substantially lower rates.
- Accident Forgiveness – Not necessarily a discount, but companies like State Farm and Progressive will allow you to have one accident before raising your premiums if your claims history is clear before the accident.
- Military Discounts – Having a deployed family member could mean lower premium rates.
- Save with a New Car – Putting insurance coverage on a new RDX can save up to 30% compared to insuring an older model.
- Seat Belt Discounts – Forcing all vehicle occupants to buckle their seat belts can save a little off the PIP or medical payment premium.
As a disclaimer on discounts, most discounts do not apply to the entire cost. Most only cut the price of certain insurance coverages like medical payments or collision. If you do the math and it seems like you would end up receiving a 100% discount, companies wouldn’t make money that way.
The example below shows the difference between Acura RDX insurance rates with and without discounts applied to the policy premium. The rate quotes are based on a male driver, no claims or driving citations, Wisconsin state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, claim-free, multi-car, safe-driver, and marriage discounts applied.
Companies that may offer policyholders these discounts possibly include:
Before purchasing a policy, check with all the companies how many discounts you can get. Depending on the company, some discounts might not apply everywhere. To see a list of insurance companies who offer cheap Acura RDX insurance quotes in Madison, click this link.
Insurance agent or online?
A lot of people just want to get professional advice from a licensed agent and that is recommended in a lot of cases Good insurance agents can help you build your policy and help in the event of a claim. A good thing about comparing rate quotes online is that you can obtain cheap auto insurance rates and still buy from a local agent.
After completing this simple form, your insurance data gets sent to agents in your area that give free quotes for your business. It’s much easier because you don’t need to search for an agent since rate quotes are delivered directly to you. If you have a need to compare rates from a specific auto insurance provider, you can always jump over to their website and submit a quote form there.
Choosing the best insurer should include more criteria than just a cheap price quote. Any agent in Madison should be willing to answer these questions.
- Are they actively involved in the community?
- Is the agent and/or agency licensed to do business in Wisconsin?
- Are claim adjusters local or do you have to take your car somewhere else?
- What will you get paid if your car is a total loss? How is that amount determined?
- If they are an independent agency in Madison, which companies do they recommend?
- Will the quote change when the policy is issued?
Auto insurance agents in Madison come in two varieties
If you are wanting to find a reliable insurance agency, it helps to know the two different types of agents and how they can quote your rates. Insurance agencies in Madison can be described as either independent agents or exclusive agents. Both types of agents can sell affordable auto insurance policies, but it’s important to know why they differ since it can impact buying decisions.
Exclusive Auto Insurance Agencies
Exclusive agencies work for only one company such as State Farm, Allstate, or Farmers Insurance. They generally cannot compare other company’s rates so they really need to provide good service. Exclusive agents are well schooled on the products they sell and that enables them to sell even at higher rates.
Shown below is a list of exclusive insurance agents in Madison willing to provide rate quotes.
Independent Auto Insurance Agents
These agents do not work for one specific company and that allows them to write policies through lots of different companies and find the cheapest auto insurance rates. If you want to switch companies, the business is moved internally and you won’t have to switch agencies. When searching for an agent, it’s a good idea to get quotes from at least one independent agent for maximum quote selection.
Listed below are independent agencies in Madison who can help you get price quotes.
Best auto insurance in Madison
Finding the right insurance provider can be challenging considering how many companies sell insurance in Wisconsin. The ranking information in the lists below can help you choose which providers to look at comparing rate quotes with.
Top 10 Madison Car Insurance Companies Ranked by Customer Service
- State Farm
- Safeco Insurance
- American Family
- Liberty Mutual
- Erie Insurance
- The Hartford
Compare but don’t skimp
Budget-conscious Acura RDX insurance is available online in addition to many Madison insurance agents, so get free Madison auto insurance quotes from both of them to have the best selection. Some auto insurance companies do not offer online quoting and these regional carriers sell through local independent agents.
We covered many ways to compare Acura RDX insurance car insurance rates in Madison. The key concept to understand is the more times you quote, the better your chances of lowering your premium rates. Consumers may even find the most savings is with some of the smallest insurance companies. They often have lower premium rates on specific markets compared to the large companies like GEICO and State Farm.
As you prepare to switch companies, it’s not a good idea to skimp on critical coverages to save a buck or two. There have been many cases where someone sacrificed comprehensive coverage or liability limits only to regret they didn’t purchase enough coverage. Your strategy should be to find the BEST coverage for the lowest cost but still have enough coverage for asset protection.
How to find the cheapest rates for Acura RDX insurance in Madison
If you want to find the absolute lowest rates, then the best way to get discount car insurance rates is to regularly compare quotes from insurance carriers who sell auto insurance in Madison. You can compare prices by completing these steps.
- Step 1: Gain an understanding of how your policy works and the factors you can control to drop your rates. Many rating factors that increase rates like high-risk driving behaviors and a negative credit history can be amended by making minor changes to your lifestyle.
- Step 2: Quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can provide rates from one company like GEICO and Allstate, while independent agents can give you price quotes for a wide range of companies.
- Step 3: Compare the new rate quotes to the price on your current policy to see if switching to a new carrier will save money. If you find a lower rate quote, verify that coverage does not lapse between policies.
- Step 4: Notify your company or agent to cancel your current auto insurance policy. Submit a down payment and signed policy application to the new insurer. Be sure to keep the new proof of insurance paperwork in your vehicle’s glove compartment or console.
The most important part of shopping around is to try to use identical deductibles and limits on each price quote and and to get rate quotes from every insurance company. Doing this guarantees a fair rate comparison and the best price selection.
For more information, take a look at the following helpful articles:
- Airbag FAQ (iihs.org)
- How Much is Auto Insurance for Single Moms in Madison? (FAQ)
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
- Young Drivers: The High Risk Years Video (iihs.org)
- Auto Insurance Basics (Insurance Information Institute)