It’s an obvious statement that auto insurance companies want to keep you from comparing prices. Drivers who compare other prices are highly likely to buy a new policy because they have good chances of finding a policy with more affordable rates. Surprisingly, a recent survey revealed that people who compared rates annually saved an average of $850 each year as compared to drivers who never shopped around for cheaper prices.
If finding budget-friendly rates on insurance is your objective, then knowing how to choose a company and compare insurance rates can make the process more efficient.
The best way to get discount Acura TSX insurance in Minneapolis is to begin comparing prices regularly from insurers who sell auto insurance in Minnesota. This can be done by following these guidelines.
Step 1: Gain an understanding of how insurance works and the factors you can control to prevent expensive coverage. Many things that increase rates like traffic citations, accidents, and a substandard credit score can be eliminated by making minor changes to your lifestyle.
Step 2: Quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like GEICO or Farmers Insurance, while agents who are independent can provide rate quotes for a wide range of companies.
Step 3: Compare the new rate quotes to your current policy premium and determine if there is any savings. If you can save money and switch companies, make sure coverage does not lapse between policies.
Step 4: Notify your current company to cancel your current car insurance policy. Submit the application along with any required down payment to your new company or agent. As soon as you receive it, place the new certificate verifying proof of insurance in an accessible location in your vehicle.
One key aspect when comparing rates is to make sure you enter similar limits and deductibles on each quote and and to get quotes from every insurance company. This enables a fair price comparison and the most accurate and complete price analysis.
If you are insured now, you should be able to lower your rates using the concepts covered in this article. Finding affordable car insurance coverage in Minneapolis can be much easier if you know how to start. Nevertheless, Minnesota consumers do need to understand how insurance companies price insurance differently because rates fluctuate considerably.
Compare free Minneapolis Acura TSX insurance quotes
To find the best car insurance prices, there are several ways to obtain and compare prices from many different Minnesota insurance companies. The recommended way to compare rates is simply to get online rate quotes.
Doing price comparisons online is so simple that it takes the place of having to call or drive to local Minneapolis insurance agencies. The ability to quote Acura TSX insurance online eliminates the middleman unless you require the professional assistance only provided by licensed Minneapolis agents. It is possible to comparison shop your insurance online but have a local agent actually write the policy.
When comparison shopping, having more price comparisons helps increase your odds of locating the best price. Some insurance companies are not set up to provide online Minneapolis TSX insurance quotes, so you should also compare prices from them, too.
The companies shown below can provide free rate quotes in Minneapolis, MN. To find the best auto insurance in Minnesota, we suggest you click on several of them to get a more complete price comparison.
Why you need vehicle insurance in Minnesota
Even though it can be expensive, insurance serves several important purposes.
- The majority of states have mandatory insurance requirements which means you are required to carry a specific minimum amount of liability coverage in order to get the vehicle licensed. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Acura TSX has a lienholder, almost all lenders will make it a condition of the loan that you have full coverage to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the lender may insure your Acura for a lot more money and require you to reimburse them the higher premium.
- Insurance protects both your Acura and your assets. Insurance will pay for hospital and medical expenses for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, will also pay to defend you if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of buying enough insurance definitely exceed the price paid, particularly when you have a large claim. In a recent study of 1,000 drivers, the average customer is wasting up to $810 a year so smart consumers compare quotes each time the policy renews to ensure rates are inline.
Acura TSX insurance rates and statistics
The coverage table shown next outlines a range of insurance policy prices for Acura TSX models. Being more informed about how insurance prices are determined is important for you to make decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| TSX | $170 | $306 | $270 | $16 | $80 | $842 | $70 |
| TSX Technology Package | $170 | $306 | $270 | $16 | $80 | $842 | $70 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Information does not factor in specific location which can lower or raise insurance rates substantially.
Rate comparison for different deductibles
When buying auto insurance, a common question is at what level do you set your deductibles. The comparison tables below help summarize the premium difference of buying low and high physical damage deductibles. The first set of rates uses a $250 physical damage coverage deductible and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| TSX | $276 | $486 | $270 | $16 | $80 | $1,153 | $96 |
| TSX Technology Package | $276 | $486 | $270 | $16 | $80 | $1,153 | $96 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| TSX | $170 | $306 | $270 | $16 | $80 | $842 | $70 |
| TSX Technology Package | $170 | $306 | $270 | $16 | $80 | $842 | $70 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Price information does not factor in vehicle garaging location which can affect insurance rates considerably.
Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you about $26 more each month or $312 each year averaged for all TSX models than buying the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you have at least 29 months between claims, you would probably save some money if you choose the higher deductible.
Driving violations and accidents
The example below shows how speeding tickets and accident claims can increase Acura TSX yearly insurance costs for different age groups. The premium estimates are based on a single female driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.
How much more does full coverage cost in Minneapolis?
The chart below illustrates the difference between Acura TSX insurance prices with and without physical damage coverage. The data is based on no claims or driving citations, $500 deductibles, single marital status, and no other discounts are factored in.
When to eliminate full coverage
There is no clear-cut formula of when to phase out comp and collision coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.
For example, let’s assume your Acura TSX replacement value is $3,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $2,000 after you pay the deductible. If premium cost is more than $200 annually for full coverage, then you might want to think about dropping full coverage.
There are some conditions where eliminating full coverage is not a good plan. If you haven’t satisfied your loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not opt for liability only.
Discounts mean cheaper rates for Acura TSX insurance in Minneapolis
Insuring your vehicles can cost a lot, but there could be significant discounts that could help you make your next renewal payment. Larger premium reductions will be automatically applied when you purchase, but some may not be applied and must be asked about in order for you to get them. If you do not check that you are getting every discount available, you are throwing money away.
- Passenger Safety Discount – Cars that have air bags may earn rate discounts of up to 25% or more.
- Safety Course Discount – Successfully completing a safe driver class could possibly earn you a 5% discount if your company offers it.
- Theft Deterrent System – Cars, trucks, and SUVs that have factory anti-theft systems can help prevent theft and will save you 10% or more on TSX insurance in Minneapolis.
- New Vehicle Savings – Buying a new car model can save you some money compared to insuring an older model.
- Accident Free – Good drivers with no accidents pay less as opposed to bad drivers.
As is typical with insurance, some of the credits will not apply to the whole policy. Most only reduce the cost of specific coverages such as collision or personal injury protection. Despite the fact that it seems like all the discounts add up to a free policy, you won’t be that lucky.
The chart below compares Acura TSX premium costs with and without policy discounts. The information is based on a male driver, a clean driving record, no claims, Minnesota 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 safe-driver, multi-car, claim-free, marriage, homeowner, and multi-policy discounts applied.
Insurance companies that may offer most of these discounts are:
If you are trying to find inexpensive Minneapolis car insurance quotes, ask each company which discounts they offer. Some credits might not apply in Minneapolis. To choose car insurance companies that offer many of these discounts in Minnesota, click this link.
Local Minneapolis insurance agents and insurance
A lot of people still like to get advice from a local agent and that is recommended in a lot of cases One of the benefits of comparing insurance prices online is you can get cheap insurance quotes but still work with a licensed agent.
After filling out this simple form, your insurance coverage information is emailed to insurance agents in Minneapolis that can provide free Minneapolis car insurance quotes for your business. It makes it easy because there is no need to even leave your home due to the fact that quote results will go immediately to your email address. It’s the lowest rates and a licensed agent to work with. If you wish to get a price quote from one company in particular, you would need to find their quoting web page and submit a quote form there.
Finding the right company should depend on more than just a cheap price. These questions are important to ask:
- What insurance company do they write the most business with?
- Which insurance companies are they affiliated with?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Do they have designations such as AIC, CPCU, or CIC?
- Has the agent ever had any license suspensions?
- Do you work with a CSR or direct with the agent?
- Can they provide you with a list of referrals?
- Where would your vehicle be repaired?
After getting acceptable answers and locked in a price quote, it’s possible that you found an insurance company that is reliable enough to properly service your insurance policy.
What insurance coverages do I need?
When it comes to the best auto insurance coverage for your vehicles, there really isn’t a one size fits all plan. Everyone’s needs are different and your auto insurance should unique, too.
Here are some questions about coverages that can help discover if your situation would benefit from an agent’s advice.
- Is coverage enough to protect my assets?
- Do I have coverage for damage caused while driving under the influence?
- Which companies will insure me after a DUI?
- When should I remove comp and collision on my Acura TSX?
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- Will damage be repaired with OEM parts?
If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier
Affordable car insurance premiums are out there
We’ve covered a lot of information how to reduce Acura TSX insurance rates online in Minneapolis. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers could even find that the lowest rates come from an unexpected company. These companies can often provide lower auto insurance rates in certain areas than their larger competitors like Progressive or GEICO.
Some insurance companies may not offer the ability to get quotes online and many times these small insurance companies sell through local independent agencies. Affordable Acura TSX insurance in Minneapolis can be bought from both online companies in addition to local insurance agencies, and you should compare price quotes from both to have the best selection.
Additional car insurance information is located at the links below
- Teen Driver Statistics (Insurance Information Institute)
- Who Has Cheap Auto Insurance Quotes for Teachers in Minneapolis? (FAQ)
- What Car Insurance is Cheapest for Teenage Males in Minneapolis? (FAQ)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
- Insurance Losses by Make and Model (iihs.org)
- What Does No-Fault Insurance Cover? (Allstate)
- Auto Insurance for Teen Drivers (Insurance Information Institute)