Do you want to stop overpaying and find the cheapest Acura RDX insurance in Minneapolis? Baffled by the dozens of auto insurance sources in your area? You’re not alone. There are such a vast assortment of sources available that it can easily become a real difficult job to find better prices for Acura RDX insurance in Minneapolis. Minneapolis is a great city to raise a family in, but having to pay for pricey auto insurance can make it nearly impossible for many drivers to affordably buy enough coverage.
Steps to finding low-cost Acura RDX insurance in Minneapolis
If saving the most money is your goal, then the best way to save on car insurance rates is to regularly compare price quotes from insurance carriers in Minneapolis.
- Step 1: Read about how companies price auto insurance and the factors you can control to lower rates. Many risk factors that increase rates such as traffic violations and a bad credit score can be amended by being financially responsible and driving safely.
- Step 2: Compare prices from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from a single company like GEICO or Farmers Insurance, while independent agencies can provide prices for a wide range of insurance providers.
- Step 3: Compare the price quotes to the premium of your current policy to see if switching to a new carrier will save money. If you find a lower rate and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Step 4: Notify your current company to cancel your current coverage. Submit the completed application along with a down payment for the new coverage. Immediately upon receiving it, keep your new certificate of insurance with the vehicle registration.
A tip to remember is to use similar deductibles and liability limits on each quote request and and to get rates from as many companies as feasibly possible. This enables an apples-to-apples comparison and the best price quote selection.
It goes without saying that insurance companies don’t want policyholders to shop around. Drivers who shop for lower prices are very likely to switch to a new company because there is a significant possibility of finding a cheaper policy. A recent study showed that drivers who did price comparisons regularly saved over $3,450 over four years compared to policyholders who never compared rates.
If saving the most money on Acura RDX insurance is the reason you’re here, then knowing how to shop for auto insurance can make it easier to find better rates.
You need to compare premium rates before your policy renews because auto insurance rates fluctuate regularly. Even if you think you had the best deal on Acura RDX insurance in Minneapolis last year there is a good chance you can find better prices now. There are a lot of ways to save on RDX insurance on the internet, but I’m going to show you some tested techniques to find affordable auto insurance in Minneapolis.
Cheap companies for Acura RDX insurance
The car insurance companies shown below are ready to provide quotes in Minneapolis, MN. To get the best cheap car insurance in Minnesota, it’s a good idea that you click on several of them to get the best price comparison.
Rates and data analysis
The information shown next highlights different insurance premium costs for Acura RDX models. Having a good understanding how insurance prices are calculated can be of help when making smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RDX 2WD | $130 | $254 | $284 | $16 | $84 | $768 | $64 |
| RDX AWD | $130 | $254 | $284 | $16 | $84 | $768 | $64 |
| RDX Technology Package 2WD | $146 | $300 | $284 | $16 | $84 | $830 | $69 |
| RDX Technology Package AWD | $146 | $300 | $284 | $16 | $84 | $830 | $69 |
| Get Your Own Custom Quote Go | |||||||
Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Premium costs do not factor in Minneapolis location which can modify price quotes greatly.
Comparison of policy deductibles
One common question asked by Minneapolis drivers is which deductibles should you choose. The tables below lay out how much more rates are between high and low deductibles. The first pricing table uses a $100 deductible for comp and collision and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RDX 2WD | $272 | $492 | $270 | $16 | $80 | $1,155 | $96 |
| RDX AWD | $272 | $492 | $270 | $16 | $80 | $1,155 | $96 |
| RDX Technology Package 2WD | $308 | $580 | $270 | $16 | $80 | $1,279 | $107 |
| RDX Technology Package AWD | $308 | $580 | $270 | $16 | $80 | $1,279 | $107 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RDX 2WD | $152 | $260 | $270 | $16 | $80 | $778 | $65 |
| RDX AWD | $152 | $260 | $270 | $16 | $80 | $778 | $65 |
| RDX Technology Package 2WD | $170 | $306 | $270 | $16 | $80 | $842 | $70 |
| RDX Technology Package AWD | $170 | $306 | $270 | $16 | $80 | $842 | $70 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Prices do not factor in the specific area where the vehicle is garaged which can raise or lower coverage prices considerably.
Based on the data above, we can derive that using a $100 deductible costs about $34 more each month or $408 a year than buying the higher $1,000 deductible. Since you would pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you average more than 26 months between claim filings, you would come out ahead if you elect the higher deductible.
The illustration below illustrates how your choice of deductibles and can influence Acura RDX premium costs for different age groups. The costs are based on a single male driver, comprehensive and collision coverage, and no discounts are factored in.
How much more does full coverage cost?
The illustration below compares Acura RDX car insurance rates with and without full coverage. The rates are based on a clean driving record, no at-fault accidents, $100 deductibles, drivers are single, and no other discounts are factored in.
When to eliminate full coverage
There isn’t a steadfast formula for eliminating full coverage, but there is a general school of thought. If the yearly cost of full coverage is about 10% or more of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.
For example, let’s pretend your Acura RDX claim settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, you would only receive $7,000 after paying your deductible. If you are paying more than $700 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.
There are some situations where eliminating full coverage is not a good idea. If you still owe a portion of the original loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not eliminate full coverage.
Earn discounts on Minneapolis auto insurance
Auto insurance can be pricey, but you may qualify for discounts that you may not even be aware of. Some of these discounts will be visible at the time of purchase, but a few must be asked for in order for you to get them.
- Student Discount for Driver Training – Require your teen driver to enroll in driver’s education as it can save substantially.
- Low Mileage Discounts – Maintaining low annual mileage could qualify for cheaper prices.
- Payment Method – By making one initial payment instead of paying each month you may have a lower total premium amount.
- First Accident Forgiveness – This one isn’t a discount, but certain companies may permit one accident without the usual rate increase if you have no claims prior to being involved in the accident.
- Bundle and Save – When you have multiple policies and place coverage with the same company you will save at least 10 to 15 percent or more.
Keep in mind that most credits do not apply to your bottom line cost. Most only reduce individual premiums such as collision or personal injury protection. Even though the math looks like you could get a free auto insurance policy, insurance companies wouldn’t stay in business.
The illustration below compares Acura RDX auto insurance rates with and without discounts applied to the policy rates. The rates are based on a male driver, no claims, a clean driving record, Minnesota state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, claim-free, multi-car, multi-policy, and marriage discounts applied.
Large auto insurance companies and their possible discounts are shown below.
- Farm Bureau may offer discounts for safe driver, multi-policy, renewal discount, 55 and retired, youthful driver, and multi-vehicle.
- State Farm offers discounts for driver’s education, good driver, defensive driving training, student away at school, passive restraint, anti-theft, and accident-free.
- Progressive offers premium reductions for multi-vehicle, good student, homeowner, continuous coverage, multi-policy, online signing, and online quote discount.
- Allstate includes discounts for 55 and retired, passive restraint, utility vehicle, safe driver, anti-lock brakes, and farm vehicle.
- Nationwide offers discounts including defensive driving, multi-policy, accident-free, Farm Bureau membership, and family plan.
- MetLife policyholders can earn discounts including defensive driver, accident-free, multi-policy, good student, claim-free, good driver
Before purchasing a policy, check with each insurance company to give you their best rates. Some credits may not apply to policyholders in Minneapolis.
Learn How to Get Auto Insurance at a Discount
A large part of saving on auto insurance is knowing some of the factors that come into play when calculating your policy premiums. If you know what controls the rates you pay, this enables you to make decisions that will entitle you to lower premium levels.
Allowing your policy to lapse raises rates – Going without insurance is a quick way to drive up your policy premiums. And not only will your rates increase, not being able to provide proof of insurance can result in fines and jail time. Then you may be required to file a SR-22 with the Minnesota motor vehicle department.
Married people drive safer – Being married can get you a discount on your auto insurance bill. Having a significant other usually means you are more financially stable and it’s proven that married drivers tend to have fewer serious accidents.
Filing policy claims can increase rates – Companies in Minnesota award the best rates to people who do not rely on their insurance for small claims. If you are a frequent claim filer, you can definitely plan on higher rates. Auto insurance is designed for the large, substantial claims.
How’s your driving record? – Being a careful driver has a huge affect on how much you pay. Even one ticket can bump up the cost by as much as thirty percent. Drivers with clean records pay less for auto insurance compared to bad drivers. Drivers who have flagrant violations like DUI or reckless driving are required to complete a SR-22 with their state motor vehicle department in order to legally drive a vehicle.
The information below demonstrates how citations and accidents impact Acura RDX yearly insurance costs for different insured age categories. The prices are based on a married male driver, comp and collision included, $500 deductibles, and no discounts are factored in.
Insurance loss data for an Acura RDX – Car insurance companies analyze the history of losses when they file their rates in each state. Vehicles that the data determines to have increased claim numbers or amounts will have increased rates.
The table below shows the historical loss data for Acura RDX vehicles. For each policy coverage, the loss probability for all vehicles, without regard to make or model, is a value of 100. Numbers below 100 represent a good loss history, while percentages above 100 indicate frequent claims or tendency to have larger claims.
| 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 |
Statistics from IIHS.org for 2013-2015 Model Years
Car insurance is available from local agents
Many drivers would rather buy from a licensed agent and that is OK! One of the benefits of comparing rates online is you may find cheap rate quotes but still work with a licensed agent.
For easy comparison, once you complete this short form, the coverage information is immediately sent to agents in your area who will return price quotes and help you find cheaper coverage. It makes it easy because there is no need to contact any insurance agencies because quoted prices will be sent instantly to you. You can get cheaper car insurance rates without having to waste a lot of time. In the event you want to get a price quote from one company in particular, you just need to navigate to their website and fill out their quote form.
Finding the right provider shouldn’t rely on just a cheap price quote. These questions are important to ask:
- Are aftermarket or OEM parts used to repair vehicles?
- Do they assist clients in filing claims?
- Are they able to provide referrals?
- Do they specialize in personal lines auto insurance in Minneapolis?
- Is the agent CPCU or CIC certified?
- Is the quote a firm price?
- Where would your vehicle be repaired?
- Is vehicle mileage a factor when determining depreciation for repairs?
When narrowing the list to find a local Minneapolis insurance agency, it helps to know the two types of agencies that you can select. Car insurance agents in Minneapolis can be classified as either exclusive or independent.
Exclusive Insurance Agencies
Exclusive insurance agents can only write with one company like American Family, State Farm, and Allstate. These agents are not able to place coverage with different providers so they have to upsell other benefits. They receive extensive training on the products they sell which aids in selling service over price. Consumers sometimes buy from the same agent for years mostly because of high brand loyalty and the convenience of having a single billing for all their coverages.
The following are Minneapolis exclusive insurance agencies willing to provide price quote information.
- Jeff Meyer – State Farm Insurance Agent
4316 S Upton Ave – Minneapolis, MN 55410 – (612) 920-2340 – View Map - Farmers Insurance – Steven Wolfson
1516 W Lake St Suite 203 – Minneapolis, MN 55408 – (612) 822-1287 – View Map - Farmers Insurance – Matthew Nye
2104 Stevens Ave #309 – Minneapolis, MN 55404 – (612) 979-2330 – View Map
Independent Insurance Agents
These type of agents are not required to write business for one company so they can write business with multiple insurance companies depending on which coverage is best. If your premiums go up, your agent can just switch to a different company and you don’t have to find a new agent.
When comparing rate quotes, we recommend you compare prices from at a minimum one independent agency to have the most options to choose from. Many independent agencies also insure through companies you’ve never heard of which can be an advantage.
Shown below is a short list of independent insurance agencies in Minneapolis that can give you rate quotes.
- Minneapolis Insurance Specialists Team
333 N Washington Ave – Minneapolis, MN 55401 – (612) 460-7796 – View Map - Oakwood Insurance Inc
5188 Central Ave NE – Minneapolis, MN 55421 – (763) 862-4800 – View Map - Moreno Agency – Innovative Insurance
4748 Chicago Ave #2 – Minneapolis, MN 55407 – (612) 584-0077 – View Map
A conclusion for your auto insurance search
As you quote Minneapolis car insurance, it’s a bad idea to reduce coverage to reduce premium. There are many occasions where someone dropped uninsured motorist or liability limits and learned later they didn’t have enough coverage. Your aim should be to buy a smart amount of coverage at the best cost while not skimping on critical coverages.
Insureds switch companies for a variety of reasons including high rates after DUI convictions, not issuing a premium refund, extreme rates for teen drivers or denial of a claim. Regardless of your reason, choosing a new insurance company is easier than you think.
You just read a lot of techniques to reduce Acura RDX insurance car insurance rates online in Minneapolis. It’s most important to understand that the more times you quote, the higher the chance of saving money. You may even find the lowest car insurance rates come from some of the smallest insurance companies.
How to buy lower priced Acura RDX insurance in Minneapolis
If saving the most money is your goal, then the best way to quote cheaper Acura RDX insurance in Minneapolis is to regularly compare prices from companies in Minnesota.
- Learn about car insurance and the steps you can take to keep rates in check. Many rating factors that cause high rates such as accidents, careless driving, and an unacceptable credit history can be improved by making minor driving habit or lifestyle changes.
- Request rate estimates from direct, independent, and exclusive agents. Direct and exclusive agents can only provide price estimates from one company like Progressive and State Farm, while independent agents can provide prices from many different companies.
- Compare the new quotes to your existing rates and see if there is a cheaper rate. If you find a lower rate and buy the policy, ensure coverage does not lapse between policies.
- Provide adequate notice to your current company of your intent to cancel your current coverage and submit a completed application and payment to your new carrier. As soon as you can, place your new proof of insurance paperwork somewhere easily accessible.
A good piece of advice is to try to use the same coverage limits and deductibles on each quote and and to get quotes from every company you can. This enables a fair rate comparison and and a good selection of different prices.
To read more, feel free to browse these articles:
- Property Damage Coverage (Liberty Mutual)
- Who Has Cheap Minneapolis Auto Insurance Rates for Good Drivers? (FAQ)
- What Car Insurance is Cheapest for a Nissan Altima in Minneapolis? (FAQ)
- Who Has the Cheapest Minneapolis Auto Insurance Quotes for Business Use? (FAQ)
- How Much is Minneapolis Car Insurance for a 20 Year Old Male? (FAQ)
- Who Has Affordable Car Insurance Quotes for Low Income Drivers in Minneapolis? (FAQ)
- Who Has Affordable Minneapolis Auto Insurance for Real Estate Agents? (FAQ)
- What to do at the Scene of an Accident (Insurance Information Institute)
- Tools for Teen Driving Safety (State Farm)