Best Ways to Save on Irvine Acura TL Insurance

Amazingly, a recent study showed that 70% of consumers have bought insurance from the same company for over three years, and nearly 40% of drivers have never even compared quotes to find cheaper rates. California drivers could save approximately 35% each year, but most tend to underestimate the rate savings if they switch to a new company.

Discount Acura TL insuranceTo save the most money, the best way to get low-cost auto insurance rates in Irvine is to compare quotes once a year from providers who sell auto insurance in California. Rates can be compared by following these steps.

A good tip to remember is to make sure you’re comparing similar limits and deductibles on every quote and and to get quotes from as many companies as possible. Doing this enables a fair price comparison and the best price selection.

The best way we recommend to compare policy rates for Acura TL insurance in Irvine is to know the fact car insurance companies participate in a system to give free rates quotes. To start a quote, the only thing you need to do is provide details including your education level, what you do for a living, if you have an active license, and coverage limits. Those rating factors is automatically sent to insurance carriers in your area and they provide comparison quotes with very little delay.

To compare cheaper Acura TL insurance rates now, click here and find out if you can get cheaper insurance in Irvine.

The companies shown below can provide free rate quotes in California. If you want to find the cheapest auto insurance in California, we suggest you click on several of them to get a more complete price comparison.

Acura TL coverage analysis

The information shown below outlines detailed analysis of insurance prices for Acura TL models. Having insight into how rate quotes are determined can assist in making smart choices when buying a car insurance policy.

Acura TL Insurance Rates in Irvine, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
TL 3.5 $350 $624 $456 $26 $136 $1,592 $133
TL 3.5 W/Technology Package $350 $624 $456 $26 $136 $1,592 $133
TL 3.7 SH AWD $350 $624 $456 $26 $136 $1,592 $133
TL 3.7 SH W/Technology Package AWD $350 $718 $456 $26 $136 $1,686 $141
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Data rating is based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Price information does not factor in garaging location in Irvine which can increase or decrease price quotes substantially.

Where to set your deductibles

When buying auto insurance, a common question is which deductibles should you choose. The tables below highlight the rate difference of buying low and high physical damage coverage deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second set of rates uses a $1,000 deductible.

Acura TL insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
TL 3.5 $386 $678 $442 $26 $132 $1,689 $141
TL 3.5 W/Technology Package $386 $678 $442 $26 $132 $1,689 $141
TL 3.7 SH AWD $386 $678 $442 $26 $132 $1,689 $141
TL 3.7 SH W/Technology Package AWD $386 $780 $442 $26 $132 $1,791 $149
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Acura TL insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
TL 3.5 $238 $426 $442 $26 $132 $1,264 $105
TL 3.5 W/Technology Package $238 $426 $442 $26 $132 $1,264 $105
TL 3.7 SH AWD $238 $426 $442 $26 $132 $1,264 $105
TL 3.7 SH W/Technology Package AWD $238 $490 $442 $26 $132 $1,328 $111
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Premium costs do not factor in the specific area where the vehicle is garaged which can influence insurance rates noticeably.

Based on the data above, we can derive that using a $250 deductible costs roughly $36 more each month or $432 for a full year than buying the higher $1,000 deductible. Because you would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have more than 21 months between claims, you would come out ahead by selecting a higher deductible.

Tickets and at-fault accidents raise rates

The example below shows how speeding tickets and accident claims drive up Acura TL premium costs for different categories of driver ages. The rate quotes are based on a single male driver, comp and collision included, $100 deductibles, and no discounts are applied.

Does full coverage make sense?

The example below shows the comparison of Acura TL insurance prices with liability coverage only compared to full coverage. The premiums are based on a clean driving record, no at-fault accidents, $100 deductibles, drivers are single, and no discounts are taken into consideration.

When to drop full coverage

There is no set guideline to stop paying for full coverage, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

For example, let’s say your Acura TL settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $3,000 after the policy deductible has been paid. If premiums are more than $300 annually for full coverage, then you might want to think about dropping full coverage.

There are a few situations where only buying liability is not recommended. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should keep full coverage.

The Acura TL Insurance Price Equation

The best way to find cheaper auto insurance is to take a look at the factors that help calculate auto insurance rates. When you understand what controls the rates you pay, this allows you to make good choices that may result in lower premium levels. Lots of things are used in the calculation when you get a price on insurance. Some are obvious such as your driving history, although others are not as apparent like where you live and annual miles driven.

Shown below are some of the most rate-impacting factors used by your company to calculate rates.

Employer impacts premiums – Jobs like lawyers, police officers, and medical professionals generally pay higher premium rates because of intense work situations and lengthy work days. Other professions such as professors, students and retirees receive lower rates.

Annual mileage and car insurance rates – The more you drive your Acura every year the more you’ll pay to insure it. Most companies price each vehicle’s coverage determined by how the vehicle is used. Cars not used for work or commuting receive lower rates than those that get driven frequently. A policy that improperly rates your TL may be costing you higher rates. Make sure your policy properly reflects the correct driver usage.

Does insurance coverage cost less for women? – Over the last 30 years, statistics show that females tend to be a little less risky than males. That doesn’t necessarily mean that females are better drivers. Both sexes get in accidents in similar numbers, but males tend to have higher claims. Men also statistically receive more costly citations like reckless driving and DUI. Young men ages 16 to 20 have the highest risk to insure and are penalized with high auto insurance rates.

The chart below illustrates the difference between Acura TL yearly insurance costs for male and female drivers. The prices are based on no claims or driving citations, full coverage, $250 deductibles, drivers are not married, and no discounts are applied.

Add-on coverages you don’t use – Insurance policies have a lot of additional extra coverages that you can buy but may not be useful. Coverages like roadside assistance, accidental death, and Farm Bureau memberships are some examples. They may seem like a good idea initially, but your needs may have changed so remove them from your policy.

Influences performance influences auto insurance rates – The performance of the vehicle you drive makes a big difference in determining your rates. Smaller low performance passenger models generally have the cheapest insurance rates, but the cost you end up paying is determined by many additional factors.

The data below is based on a single male driver age 40, full coverage with $1000 deductibles, and no discounts or violations. It compares Acura TL car insurance rates compared to other makes and models that have a range of risk factors.

More than one policy can earn a discount – Many companies afford discounts to insureds who have multiple policies with them such as combining an auto and homeowners policy. The discount can add up to as much as ten percent or more Even with this discount applied, it’s always a smart idea to compare other Irvine TL insurance rates to guarantee you are still saving the most.

Auto insurance policy lapses increase premiums – Letting your insurance expire can be a guaranteed way to drive up your policy premiums. And not only will insurance be more expensive, being ticketed for driving with no insurance might get you a hefty fine and possibly a revoked license. You may then be required to submit proof of financial responsibility or a SR-22 with the California motor vehicle department.

Acura TL statistical loss data – Insurance companies use statistical claims data when setting premium rates. Models that the data determines to have increased claim numbers or amounts will cost more for coverage. The next table shows the compiled insurance loss statistics for Acura TL vehicles.

For each coverage type, the loss probability for all vehicles, without regard to make or model, is equal to 100. Numbers that are below 100 indicate a favorable loss history, while numbers shown that are more than 100 show a trend for more claims or tendency to have higher losses.

Acura TL Insurance Claim Statistics
Vehicle 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

It may be expensive, but it’s not optional

Despite the high cost of buying insurance for a Acura TL in Irvine, insuring your vehicle serves several important purposes.

First, the majority of states have mandatory insurance requirements which means the state requires specific limits of liability coverage in order to license the vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.

Second, if you bought your car with a loan, almost every bank will require that you buy insurance to ensure loan repayment if the vehicle is totaled. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Acura at a significantly higher premium and require you to fork over for it.

Third, car insurance preserves not only your Acura but also your financial assets. It also can pay for medical bills for both you and anyone you injure as the result of an accident. Liability coverage also pays expenses related to your legal defense if you are sued as the result of your driving. If mother nature or an accident damages your car, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.

The benefits of buying car insurance are definitely more than the cost, specifically if you ever have a liability claim. The average driver in California is wasting up to $865 each year so it’s very important to do a rate comparison each time the policy renews to ensure rates are inline.

Best auto insurance in California

Picking the right company can be a challenge considering how many companies sell coverage in Irvine. The company rank data displayed below may help you analyze which insurers to look at purchasing from.

Top Auto Insurance Companies in California
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
AAA of Southern California 91 94 97 92% A+ 94.1
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Mercury Insurance 88 91 90 85% A+ 89.4
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Travelers 80 87 87 83% A++ 85.2
Farmers Insurance 78 87 88 79% A 84.3
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Data Source: Best Car Insurance Companies