How to Save on Newark Acura RL Insurance

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Insurance rates Acura RL in NewarkHow long has it been since the last time you looked for the cheapest Acura RL insurance in Newark? Searching for low-cost insurance for an Acura RL in New Jersey can be a painful process, but you can learn a few tricks and make it easy. There are more efficient ways to shop for insurance so we're going to tell you the proper way to compare rates for a new or used Acura and get the best price possible from both online companies and Newark agents.

It's a good idea to compare premium rates before your policy renews since rates are constantly changing. Just because you found the best rate on Acura RL insurance in Newark at your last renewal a different company probably has better prices today. Don't believe everything you read about RL insurance out there, but we're going to give you some of the best techniques to buy insurance cheaper in Newark.

If you are insured now or are looking for a new policy, take advantage of these tips to shop for the lowest rates without reducing protection. Quoting and buying the lowest-priced insurance policy in Newark is not as time-consuming as you think. Smart shoppers only need to know the fastest way to compare insurance rates from many different companies.

Finding low cost Newark car insurance rates can be surprisingly simple. Consumers just need to spend a little time comparing rates from some recommended companies.

The companies shown below offer price quotes in Newark, NJ. If you wish to find the best cheap car insurance in New Jersey, we recommend you visit several of them to find the cheapest auto insurance rates.

Lower-cost Acura RL insurance quotes in Newark

Car insurance companies don't list every discount available very well, so the following is a list of both the well known and also the more inconspicuous discounts you could be receiving when you buy Newark auto insurance online. If you're not getting every credit you deserve, you may be paying too high a price.Save money with discounts

  • Discount for New Cars - Buying coverage on a new vehicle can get you a discount since new model year vehicles are generally safer.
  • Driver's Ed - Cut your cost by having your teen driver participate in a local driver's education class as it will make them better drivers and lower rates.
  • Renewal Discounts - Some companies give discounts for switching policies prior to the expiration date on your current RL insurance policy. It could save around 10% when you buy Newark auto insurance online.
  • Discount for Life Insurance - Not every insurance company offers life insurance, but if they do you may earn a discounted car insurance rate on car insurance if you buy some life insurance in addition to your auto policy.
  • No Claims - Insureds who avoid accidents and claims are rewarded with significantly better rates on Newark auto insurance quote as compared to bad drivers.
  • Discounts for Seat Belt Usage - Using a seat belt and requiring all passengers to fasten their seat belts could cut 10% or more off the PIP or medical payment premium.
  • Discounts for Safe Drivers - Drivers who avoid accidents can pay as much as 50% less than drivers with accidents.
  • Passenger Safety Discount - Cars that have air bags or automatic seat belts can get savings of more than 20%.
  • Accident Forgiveness Coverage - Not necessarily a discount, but companies like Liberty Mutual and GEICO permit an accident without the usual rate increase so long as you are claim-free for a particular time prior to the accident.
  • Drive Less and Save - Low mileage vehicles could earn cheaper premium rates.

You should keep in mind that most discount credits are not given to the entire cost. Most only cut individual premiums such as medical payments or collision. So even though it sounds like it's possible to get free car insurance, you aren't that lucky.

The information below illustrates the comparison of Acura RL insurance costs with and without discounts applied to the policy premium. The rates are based on a female driver, a clean driving record, no claims, New Jersey state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, marriage, claim-free, homeowner, and multi-car discounts applied.

Companies and their possible discounts are detailed below.

  • State Farm has discounts for accident-free, good student, passive restraint, anti-theft, safe vehicle, Steer Clear safe driver discount, and multiple autos.
  • Esurance offers discounts for good student, safety device, emergency road assistance, anti-lock brakes, and paid-in-full.
  • Progressive may include discounts for online quote discount, continuous coverage, good student, multi-policy, homeowner, and multi-vehicle.
  • Liberty Mutual has savings for hybrid vehicle, preferred payment discount, safety features, new graduate, and new vehicle discount.
  • Auto-Owners Insurance includes discounts for student away at school, paid in full, company car, anti-theft, and group or association.
  • GEICO may offer discounts for air bags, multi-vehicle, driver training, defensive driver, and good student.

When getting free Newark auto insurance quotes, it's a good idea to all companies you are considering what discounts are available to you. Some of the discounts discussed earlier might not be offered in Newark.

Rates and statistics

The premium information displayed below showcases different insurance premium costs for Acura RL models. Having a better idea how auto insurance premiums are established can help customers make smart choices when comparing insurance quotes.

Acura RL Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RL 3.7 $380 $712 $496 $30 $148 $1,766 $147
RL 3.7 with Tech Package $380 $712 $496 $30 $148 $1,766 $147
RL 3.7 with Tech/CMBS Package $380 $712 $496 $30 $148 $1,766 $147
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Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Rate quotes do not factor in garaging location in Newark which can lower or raise price quotes considerably.

Analysis of deductible levels

One of the hardest decisions when shopping for insurance is how high should the physical damage coverage deductibles be. The comparison tables below help summarize how much more rates are of buying low and high coverage deductibles. The first set of rates uses a $100 comprehensive and collision deductible and the second set of rates uses a $500 deductible.

Acura RL insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RL 3.7 $574 $1146 $480 $28 $144 $2,397 $200
RL 3.7 with Tech Package $574 $1146 $480 $28 $144 $2,397 $200
RL 3.7 with Tech/CMBS Package $574 $1146 $480 $28 $144 $2,397 $200
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Acura RL insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RL 3.7 $418 $774 $480 $28 $144 $1,844 $154
RL 3.7 with Tech Package $418 $774 $480 $28 $144 $1,844 $154
RL 3.7 with Tech/CMBS Package $418 $774 $480 $28 $144 $1,844 $154
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Premium costs do not factor in vehicle location which can modify premiums greatly.

Based on this data, using a $100 deductible will cost you approximately $46 more each month or $552 for a full year than requesting the higher $500 deductible. Because you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you normally average at a minimum 9 months between claim filings, you would probably come out ahead going with the higher deductible.

The example below demonstrates how deductible levels and can raise or lower Acura RL annual premium costs for different age categories. The prices are based on a married male driver, full coverage, and no additional discounts are factored in.

Do you need full coverage?

The information below shows the comparison of Acura RL insurance costs with and without physical damage coverage. The data is based on no accidents or driving violations, $1,000 deductibles, drivers are not married, and no other discounts are factored in.

When to stop buying full coverage

There is no exact formula for phasing out comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of your full coverage insurance is more than 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.

For example, let's pretend your Acura RL book value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $5,000 after you pay the deductible. If it's costing you more than $500 annually for comprehensive and collision coverage, then it's probably a good time to buy liability coverage only.

There are a few cases where buying only liability insurance is not a good idea. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not remove full coverage.

Get Cheaper Insurance Rates by Understanding These Factors

Many things are part of the equation when premium rates are determined. Most are fairly basic like an MVR report, but others are more obscure such as whether you are married and annual miles driven.

Policy add-ons may not be needed - There are many additional extra coverages that may not really be needed but may not be useful. Coverage for things like vanishing deductibles, high-cost glass coverage, and motor club memberships are some examples. They may seem good when talking to your agent, but if you have no use for them eliminate them to save money.

Don't skimp on liability insurance - Liability coverage provides coverage in the event that you are responsible for causing damage or personal injury in an accident. This coverage provides for a legal defense up to the limits shown on your policy. This coverage is very inexpensive compared to comp and collision, so drivers should make sure they buy enough to cover all assets.

Gender matters - The statistics show that females tend to be a little less risky than males. However, don't assume that women are better drivers. They both are responsible for at-fault accidents in similar percentages, but the male of the species tend to have higher claims. Men also tend to get ticketed for serious violations like DUI and reckless driving.

The chart below illustrates the difference between Acura RL annual premium costs for male and female drivers. The price estimates are based on no claims or driving violations, full physical damage coverage, $1,000 deductibles, drivers are not married, and no policy discounts are applied.

When should you file car insurance claims? - If you file a lot of claims you can pretty much guarantee either a policy non-renewal or much higher rates. Insurance companies in New Jersey provide lower rates to drivers who do not file claims often. Insurance coverage is meant to be used in the event of the bigger claims that can't be paid out-of-pocket.

Insure car and home with the same company - Most larger companies allow better rates to insureds that have more than one policy such as combining an auto and homeowners policy. Even if you're getting this discount it's still a good idea to shop around to verify if the discount is saving money.There is a good possibility that you can save money even if you insure with multiple companies

Tickets hurt - Having a clean driving record can have a huge impact on auto insurance premiums. Just one ticket can increase the cost of insurance by as much as twenty percent. Careful drivers get better rates than bad drivers. Drivers who get flagrant tickets like DWI, reckless driving or hit and run convictions may face state-mandated requirements to file a proof of financial responsibility form (SR-22) with their state's department of motor vehicles in order to drive a vehicle legally.

The illustration below demonstrates how citations and at-fault claims can drive up Acura RL insurance costs for different age groups of insureds. The rate quotes are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no other discounts are factored in.

With age comes lower rates - Beginning drivers in New Jersey are known to get distracted easily when at the wheel of a vehicle so they pay higher car insurance rates. Adding a inexperienced driver onto a policy can cause a big jump in price. More mature drivers are shown to be more cautious, cost insurance companies less in claims, and receive fewer citations.

The following chart assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.

More traffic means higher claims - Choosing to live in less populated areas has it's advantages when talking about car insurance. City drivers regularly have traffic congestion and a longer drive to work. Fewer drivers means less chance of accidents as well as less vandalism and auto theft.

Insurance losses for an Acura RL - Auto insurance companies analyze past claim statistics when they calculate premium costs for each model. Models that tend to have higher loss trends will have higher rates.

The table shown below demonstrates the insurance loss data for Acura RL vehicles. For each coverage type, the loss probability for all vehicles compiled together is a value of 100. Values that are under 100 indicate a favorable loss history, while numbers above 100 indicate more frequent claims or an increased chance of larger losses than average.

Auto Insurance Loss Data for Acura RL Models
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Acura RLX 4dr 128 63 179 82
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years