Auto Insurance Rates for an Acura MDX in Newark

Insurance quote for Acura MDX in NewarkIt’s an obvious conclusion that car insurance companies don’t want you comparing rates. Drivers who perform rate comparisons will probably switch to a new company because there are good odds of finding a more affordable policy premium. Surprisingly, a recent survey revealed that drivers who compared rates regularly saved about $860 a year as compared to drivers who never compared prices.

If finding the best price on car insurance in Newark is why you’re reading this, then knowing how to get rate quotes and compare coverage rates can make it easier to shop your coverage around.

If you want to find the absolute lowest rates, then the best way to find cheaper quotes for Acura MDX insurance in Newark is to start comparing rates regularly from providers in New Jersey. You can compare rates by following these guidelines.

  1. Spend a few minutes and learn about how insurance works and the modifications you can make to prevent rate increases. Many risk factors that are responsible for high rates such as accidents, careless driving, and a substandard credit score can be rectified by making small lifestyle or driving habit changes.
  2. Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give prices from a single company like Progressive or State Farm, while independent agencies can provide rate quotes from multiple sources.
  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 better rates, make sure there is no lapse in coverage.

One thing to point out is that you’ll want to compare the same level of coverage on each price quote and and to get rate quotes from as many car insurance companies as possible. Doing this enables a fair rate comparison and the best price selection.

Finding the cheapest insurance coverage in Newark is actually quite easy if you know where to start. In a nutshell, anyone who shops around for insurance will be able to lower their premiums. But New Jersey car owners benefit from understanding how insurance companies determine how much to charge and apply this information to your search.

Car insurance providers offering affordable prices in New Jersey

The companies shown below have been selected to offer free quotes in Newark, NJ. To find cheap auto insurance in New Jersey, we recommend you get prices from several of them to get the best price comparison.

Car insurance statistics for an Acura MDX

The rate table displayed next covers different rate quotes for Acura MDX models. Being more informed about how auto insurance policy rates are determined is important to be able to make informed decisions.

Acura MDX Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $504 $732 $490 $30 $146 $1,902 $159
MDX with Tech Package 4WD $504 $862 $490 $30 $146 $2,032 $169
MDX with Tech/Entertainment 4WD $504 $862 $490 $30 $146 $2,032 $169
MDX Advance 4WD $504 $862 $490 $30 $146 $2,032 $169
MDX Advance/Entertainment 4WD $504 $862 $490 $30 $146 $2,032 $169
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Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Prices do not factor in your specific Newark location which can raise or lower prices noticeably.

Deductible analysis

One of the most common car insurance questions is the level to set your comp and collision deductibles. The comparisons below determine the rate fluctuation when you choose different insurance deductibles. The first rate comparisons uses a $100 deductible for comprehensive and collision coverage and the second data table uses a $1,000 deductible.

Acura MDX insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $520 $746 $480 $28 $144 $1,943 $162
MDX with Tech Package 4WD $520 $880 $480 $28 $144 $2,077 $173
MDX with Tech/Entertainment 4WD $520 $880 $480 $28 $144 $2,077 $173
MDX Advance 4WD $520 $880 $480 $28 $144 $2,077 $173
MDX Advance/Entertainment 4WD $520 $880 $480 $28 $144 $2,077 $173
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Acura MDX insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $288 $394 $480 $28 $144 $1,334 $111
MDX with Tech Package 4WD $288 $464 $480 $28 $144 $1,404 $117
MDX with Tech/Entertainment 4WD $288 $464 $480 $28 $144 $1,404 $117
MDX Advance 4WD $288 $464 $480 $28 $144 $1,404 $117
MDX Advance/Entertainment 4WD $288 $464 $480 $28 $144 $1,404 $117
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Rate information does not factor in specific garaging location which can alter coverage rates noticeably.

We can estimate from the data above that using a $100 deductible will cost you roughly $55 more each month or $660 every year across all Acura MDX models than choosing the higher $1,000 deductible. Since you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average more than 16 months between claims, you would probably be better off going with the higher deductible.

Rate difference between full and liability-only coverage

The chart below compares Acura MDX insurance rates when comparing full coverage to liability only. The price estimates are based on no claims or driving citations, $1,000 deductibles, drivers are not married, and no discounts are applied.

Guidelines for dropping full coverage

There isn’t a steadfast formula of when to exclude physical damage coverage, but there is a general guideline you can use. If the annual cost of having full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.

For example, let’s assume your Acura MDX replacement value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $2,000 after paying your policy deductible. If it’s costing you more than $200 annually to have full coverage, then you might want to consider buying only liability coverage.

There are some conditions where only buying liability is not advised. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not remove full coverage.

Get More Affordable Insurance Premiums by Understanding These Factors

Many different elements are part of the calculation when premium rates are determined. Some are pretty understandable like an MVR report, but other factors are not quite as obvious such as your credit history or your vehicle rating.

The list below includes some of the factors companies use to determine rates.

Women tend to take less risk – The statistics show women are more cautious behind the wheel. Now that doesn’t mean men are worse drivers. They both are responsible for at-fault accidents in similar numbers, but the men cause more damage and cost insurance companies more money. In addition to higher claims, males also get higher numbers of serious violations such as DWI and reckless driving. Youthful male drivers have the highest risk to insure and therefore have the most expensive insurance rates.

The diagram below illustrates the comparison of Acura MDX auto insurance costs for male and female drivers. Data assumes no claims, a clean driving record, full physical damage coverage, $250 deductibles, single marital status, and no discounts are applied to the premium.

Low mileage costs less – Driving a lot of miles in a year the more you will pay for insurance. Most insurance companies rate vehicles based upon how you use the vehicle. Cars that are left in the garage qualify for better rates than those used for commuting. It’s always a good idea to double check that your insurance coverage is showing the correct driver usage, because improper ratings can cost you money. A policy that improperly rates your MDX may be wasting your money.

Lower performance equals lower insurance costs – The make and model of the car, truck or SUV you are insuring makes a big difference in your car insurance bill. The lowest rates tend to be for the lowest performance passenger cars, but the final cost of insurance is determined by many other factors.

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

When should you file insurance claims? – If you file claims often, you can definitely plan on much higher rates or policy non-renewal. Auto insurance companies in New Jersey generally give lower rates to policyholders who are claim-free. Your car insurance is meant to be used in the event of claims that pose a financial burden.

Consolidate policies with the same company – Lots of companies will give better rates to people who have multiple policies with them in the form of a multi-policy discount. Even though this discount sounds good, consumers should still compare other Newark MDX insurance rates to help ensure you have the lowest rates.There is a chance you can save even more even if you insure with multiple companies

Loss probability for an Acura MDX – Insurers use past insurance losses to calculate a rate that offsets possible losses. Models that the data determines to have higher claim amounts or frequency will have a higher cost to insure. The table below demonstrates the collected loss data for Acura MDX vehicles.

For each policy coverage type, the statistical loss for all vehicles, regardless of make, model or trim level, is set at 100. Numbers shown that are under 100 are indicative of better than average losses, while percentage numbers above 100 indicate frequent claims 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

Get affordable Acura MDX insurance in Newark with discounts

Properly insuring your vehicles can get expensive, but there’s a good chance there are discounts that many consumers don’t even know exist. Some trigger automatically when you quote, but some discounts are required to be specially asked for in order for you to get them.Car insurance discounts

Please keep in mind that most discounts do not apply to all coverage premiums. Most only reduce individual premiums such as collision or personal injury protection. Just because it seems like all the discounts add up to a free policy, nobody gets a free ride.

The information below shows the difference between Acura MDX car insurance costs with and without some available policy discounts. The premiums assume a female driver, no claims or violations, New Jersey state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, multi-policy, safe-driver, claim-free, and multi-car discounts applied.

A partial list of companies that may offer quotes with some of the discounts shown above are:

Check with each company or agent which credits you are entitled to. Savings might not apply in every state. If you would like to choose from a list of insurers with the best discounts in New Jersey, click here.

Car insurance is available from agents near you

Some people just want to talk to a local agent and that is a smart decision A good thing about comparing insurance prices online is that you can find lower premium rates and still choose a local agent.

Insurance agency in NewarkAfter completing this quick form, your insurance coverage information is instantly submitted to participating agents in Newark that can give you free Newark auto insurance quotes and help you find cheaper coverage. There is no need to leave your computer due to the fact that quote results will go directly to you. You can most likely find cheaper rates and work with a local agent. In the event you want to get a rate quote for a specific company, you can always jump over to their website to submit a rate quote request.

Deciding on an company requires you to look at more than just the price. Here are some questions you might want to ask.

Below is a short list of car insurance companies in Newark willing to provide comparison quotes for Acura MDX insurance in Newark.

George H Nixon Agency
54 Grumman AveNewark, NJ 07112(973) 923-3721View Map

360 Lafayette StNewark, NJ 07105(973) 589-7550View Map

1423 McCarter HwyNewark, NJ 07104(973) 732-3794View Map

274 Chestnut StNewark, NJ 07105(973) 274-0500View Map

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Best car insurance company in New Jersey

Choosing the highest-rated insurer can be rather challenging considering how many companies there are to choose from in New Jersey. The ranking information shown next could help you analyze which companies to look at shopping prices with.

Top 10 Newark Car Insurance Companies Overall

  1. Mercury Insurance
  2. The Hartford
  3. Progressive
  4. Travelers
  5. State Farm
  6. Farmers Insurance
  7. Safeco Insurance
  8. USAA
  9. GEICO
  10. 21st Century

Persistent drivers can save

When you buy Newark auto insurance online, it’s very important that you do not reduce coverage to reduce premium. There have been many situations where consumers will sacrifice full coverage only to regret at claim time that they should have had better coverage. Your focus should be to find the BEST coverage at an affordable rate and still be able to protect your assets.

Low-cost Acura MDX insurance in Newark is possible online and also from your neighborhood Newark agents, so you should compare both in order to have the best chance of saving money. A few companies do not provide price quotes online and many times these smaller providers provide coverage only through independent insurance agencies.

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