No sane person looks forward to paying premiums for auto insurance, especially when they are aware that they could get a better deal.
A recent study showed that the majority of drivers have been with the same company for four years or more, and approximately 40% of consumers have never compared rates with other companies. Louisiana drivers could save up to 35% every year, but most tend to underestimate how much they could save if they moved their coverage to a different company. You have so many insurance companies to purchase coverage from, and although it’s a good thing to have a choice, too many choices makes it more difficult to find the best rates for your vehicles.
Getting quotes for the lowest cost auto insurance policy in New Orleans is not that difficult. If you’re already insured or are looking for a new policy, use these cost-cutting techniques to find better prices without having to cut coverage. Shoppers only have to learn the most efficient way to get comparison rates using one simple form.
Cutting your New Orleans insurance rates is surprisingly easy. You just need to invest a little time to compare rates to see which company has affordable New Orleans car insurance quotes.
Getting free rates online is quite simple, and it takes the place of having to waste gas driving to different New Orleans agent offices. Quoting Acura RL insurance online eliminates the middleman unless your situation requires the trained advice of a licensed agent. Although, it is possible comparison shop online but buy from a local insurance agent.
The following companies provide quotes in New Orleans, LA. If your goal is to find cheap auto insurance in Louisiana, we recommend you visit two to three different companies in order to find the lowest rates.
Rates and statistics
The information displayed next covers a range of coverage prices for Acura RL models. Learning more about how auto insurance premiums are figured is important for you to make smart choices when selecting a coverage provider.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|RL 3.7 with Tech Package||$462||$748||$608||$36||$182||$2,036||$170|
|RL 3.7 with Tech/CMBS Package||$462||$748||$608||$36||$182||$2,036||$170|
|Get Your Own Custom Quote Go|
Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Estimates do not factor in vehicle garaging location which can raise or lower rates considerably.
Rate comparison of full coverage and liability-only
The information below illustrates the difference between Acura RL insurance premiums with full physical damage coverage compared to only buying liability only. The data assumes no claims or violations, $100 deductibles, drivers are not married, and no discounts are factored in.
Are you wasting money paying for full coverage?
There is no exact formula of when to exclude physical damage insurance, but there is a broad guideline. If the annual cost of your full coverage insurance is more than 10% of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.
For example, let’s say your Acura RL replacement cost is $7,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $6,000 after the deductible is paid. If premiums are more than $600 annually for physical damage coverage, then you may need to consider dropping full coverage.
There are a few cases where dropping full coverage is not a good idea. If you haven’t satisfied your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not opt for liability only.
Smart Consumers Can Cut Insurance Costs
Lots of factors are part of the calculation when you quote your car insurance policy. Most are fairly basic such as traffic violations, but other factors are not as apparent such as your credit history or how safe your car is. An important part of buying insurance is that you know the factors that help calculate the price you pay for auto insurance. If you have some idea of what controls the rates you pay, this enables informed choices that could help you find lower premium levels.
The itemized list below are a partial list of the pieces used by companies to determine your premiums.
Safety first – Vehicles that have high safety ratings tend to have better insurance rates. The safest vehicles reduce the chance of injuries and lower injury rates translates directly to fewer claims and more competitive rates for policyholders.
How credit rating affects auto insurance costs – A driver’s credit rating is likely to be a major factor in calculating your premium rate. If your credit score can use some improvement, you may save money insuring your Acura RL by improving your credit score. Drivers with good credit tend to be better drivers and file fewer claims than those with lower ratings.
Car features can affect auto insurance rates – Purchasing a vehicle with a theft deterrent system can help bring down rates. Theft deterrent systems such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart auto theft.
Additional coverages that may be costing you – Insurance policies have a lot of extra coverages that you can buy if you aren’t careful. Coverages like personal injury protection, better glass coverage, and membership fees may be costing you every month. They may seem like a good idea at first, but if you don’t need them eliminate them to save money.
Auto insurance rates and age – Mature drivers are proven to be safer behind the wheel, file fewer claims, and usually have better credit. Beginning drivers are statistically shown to be more careless when at the wheel of a vehicle and because of this, their auto insurance rates are much higher.
The next chart uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.
Is insurance cheaper for men or women? – Statistics show women are more cautious behind the wheel. Now that doesn’t mean males are worse at driving than females. Males and females cause fender benders at a similar rate, but men have costlier accidents. Not only are claims higher, but men get ticketed for serious violations like DUI and reckless driving.
The illustration below shows the difference between Acura RL premium costs for male and female drivers. The rate quotes are based on no driving violations, no at-fault accidents, comp and collision included, $250 deductibles, single marital status, and no discounts are applied to the premium.
Acura RL insurance loss probability – Auto insurance companies take into consideration insurance loss statistics for every vehicle when they calculate premium costs for each model. Models that tend to have higher loss trends will have higher rates. The table below shows the actual insurance loss data for Acura RL vehicles.
For each insurance policy coverage type, the claim probability for all vehicles averaged together is considered to be 100. Numbers under 100 suggest a better than average loss history, while values over 100 indicate higher probability of having a loss or tendency to have larger claims.
|Specific Acura Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Acura RLX 4dr||128||63||179||82|
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Car insurance is not optional
Despite the high cost, insuring your vehicle is required for several reasons.
- Almost all states have minimum liability requirements which means the state requires a specific level of liability insurance coverage in order to be legal. In Louisiana these limits are 15/30/25 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your Acura RL, most lenders will have a requirement that you buy insurance to protect their interest in the vehicle. If you default on your policy, the bank may insure your Acura for a much higher rate and require you to pay for the expensive policy.
- Car insurance preserves your car and your assets. It will also pay for hospital and medical expenses incurred in an accident. Liability coverage, the one required by state law, also covers legal expenses in the event you are sued. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.
The benefits of insuring your RL outweigh the cost, particularly if you ever have a claim. But the average American driver is overpaying more than $800 each year so it’s important to compare rates at every policy renewal to be sure current rates are still competitive.