Insurance rates Acura RDX in DenverWhen looking for cheaper insurance, do you get frustrated by the crazy number of auto insurance choices in Denver? Colorado consumers have such a vast assortment of choices available that it can quickly become a real hassle to lower your prices for Acura RDX insurance in Denver. Everyone knows Denver is a great city to live in, but expensive premiums for auto insurance makes it impossible to afford.

Amazingly, a recent NerdWallet.com study showed that almost 70% of drivers in Colorado have bought auto insurance from the same company for over three years, and 38% of customers have never even shopped around for cheaper coverage. Many consumers in the U.S. can save 46.5% each year by just shopping around, but they won't spend time to compare rates and save money.

Consumers should take time to compare rates every six months because auto insurance rates change frequently. Even if you got the best deal on Acura RDX insurance in Denver six months ago other companies may now be cheaper. Forget anything you know (or think you know) about auto insurance because we're going to demonstrate the right way to find great coverage at a great price.

Cheapest Acura insurance prices in Denver

The following companies provide price quotes in Denver, CO. If multiple companies are shown, we suggest you compare several of them to find the cheapest car insurance rates.

Acura RDX Insurance Rate Estimates in Denver, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RDX 2WD $260 $562 $338 $20 $102 $1,282 $107
RDX AWD $246 $420 $308 $18 $92 $1,084 $90
RDX Technology Package 2WD $242 $426 $304 $18 $92 $1,082 $90
RDX Technology Package AWD $350 $538 $392 $24 $118 $1,422 $119
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Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Premium costs do not factor in Denver location which can change rates greatly.

Deductible analysis

One frequently asked question is the level to set your comp and collision deductibles. The rates below highlight the rate differences of buying low and high coverage deductibles. The first data set uses a $250 physical damage deductible and the second price grid uses a $1,000 deductible.

Acura RDX insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RDX 2WD $272 $458 $298 $18 $90 $1,161 $97
RDX AWD $272 $458 $298 $18 $90 $1,161 $97
RDX Technology Package 2WD $306 $538 $298 $18 $90 $1,275 $106
RDX Technology Package AWD $306 $538 $298 $18 $90 $1,275 $106
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Acura RDX insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RDX 2WD $168 $288 $298 $18 $90 $862 $72
RDX AWD $168 $288 $298 $18 $90 $862 $72
RDX Technology Package 2WD $190 $340 $298 $18 $90 $936 $78
RDX Technology Package AWD $190 $340 $298 $18 $90 $936 $78
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Rates do not factor in vehicle location which can influence rates greatly.

Based on the data above, we can derive that using a $250 deductible costs roughly $27 more each month or $324 for a full year than buying the higher $1,000 deductible. Because you would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you go more than 28 months between claims, you would save more money if you choose the higher deductible.

Calculate deductible break even point

Average monthly premium for $250 deductibles: $102
Average monthly premium for $1,000 deductibles (subtract): - $75
Monthly savings from raising deductible: $27
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 28 months

One important issue to know is that a higher deductible level results in a higher out-of-pocket expense when you have a claim. That will force you to have some extra savings in the event you need to pay more for the deductible.

Physical damage deductibles

The illustration below shows how choosing a deductible and can change Acura RDX insurance premiums for different age groups of insureds. The rate quotes are based on a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.

Liability only or full coverage

The chart below illustrates the comparison of Acura RDX insurance costs with and without physical damage coverage. The prices are based on no violations or claims, $500 deductibles, married male driver, and no policy discounts are applied.

When to drop comprehensive and collision

There isn't a steadfast formula for excluding comp and collision coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is more than 10% of the settlement you would receive from your company, then you might consider buying liability only.

For example, let's say your Acura RDX replacement cost is $3,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $2,000 after paying your deductible. If you are paying in excess of $200 a year to have full coverage, then you might want to consider buying only liability coverage.

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 have to maintain full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not opt for liability only.

You Can Change Your Insurance Rates

Part of the auto insurance buying process is learning some of the elements that come into play when calculating the rates you pay for auto insurance. When consumers understand what determines premiums, this enables informed choices that could result in cheaper rates. Many things are part of the equation when you get your auto insurance bill. A few of the factors are predictable like your driving record, but others are more obscure such as your credit history and annual miles driven.

The itemized list below are some of the things used by insurance companies to determine prices.

Lower rate quotes by applying discounts

Some insurers don't necessarily list all available discounts very clearly, so the next list breaks down some of the best known as well as the least known ways to save on auto insurance.Discount auto insurance

It's important to note that most discounts do not apply to the entire policy premium. Most cut specific coverage prices like comp or med pay. Despite the appearance that all those discounts means the company will pay you, companies wouldn't make money that way.

If you would like to see a list of insurance companies with discount auto insurance rates in Colorado, click this link.

Independent versus exclusive insurance agencies

Certain consumers still prefer to go talk to an agent and doing that can be a smart decision A good thing about price shopping on the web is that drivers can save money and get cheap insurance quotes and also buy local. Putting coverage with local agencies is definitely important in Denver.

Denver insurance agentsUpon completion of this short form, your insurance coverage information is transmitted to agents in your area that can give you free Denver car insurance quotes for your business. It simplifies rate comparisons since you won't have to visit any agencies since rate quotes are delivered instantly to you. You'll get the best rates and an insurance agent to talk to. If you want to compare rates for a specific company, you just need to navigate to their website and complete a quote there.

If you need to find a local insurance agency, it's important to understand the different agency structures and how they can write your policy. Insurance agents may be either independent or exclusive.

Independent Agents (or Brokers)

Independent insurance agents often have many company appointments and that is an advantage because they can write policies with any number of different companies and find you cheaper rates. If premiums increase, your policy is moved internally which is easy for the insured. When searching for an agent, you will definitely want to include rate quotes from at a minimum one independent agency to have the best price comparison. Most also have access to less well-known companies that may provide cheaper insurance rates.

Shown below is a short list of independent insurance agents in Denver that may be able to provide free rate quotes.

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Exclusive Insurance Agents

Agents in the exclusive channel can only provide pricing for a single company and examples are State Farm, AAA, and Liberty Mutual. These agents are unable to give you multiple price quotes so you need to shop around if the rates are high. Exclusive agents receive extensive training in insurance sales which helps offset the inability to provide other markets. Many people use the same agent mostly because of the brand instead of buying on price only.

Listed below are Denver exclusive agents willing to provide price quotes.

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Choosing an insurance agency requires more thought than just the premium amount. These questions are important to ask:

Once you have received answers to your satisfaction to any questions you may have and an acceptable price quote, it's possible that you found a car insurance agent that will service your policy.

Insurance advertisements

Big name companies like State Farm, Allstate and GEICO seem to constantly run television, radio, and online ads. They all make the point that people will save if you just switch your policy. Is it even possible that every company can sell you cheaper insurance coverage? Here is the trick they use.

All companies quote the lowest rates for the right customer that is profitable for them. For example, a profitable insured could possibly be between the ages of 30 and 45, carries full coverage, and insures a new vehicle. Any person who meets those qualifications will qualify for the lowest prices in Denver and is almost guaranteed to save a lot of money.

Potential insureds who don't measure up to the ideal profile will see a more expensive rate with the end result being business not being written. The ads say "customers who switch" not "everyone who quotes" save money. That's why insurance companies can confidently state the savings.

Because each company has a different risk profile, it's extremely important to compare rate quotes every year. Because you cannot predict with any certainty which company will have the lowest prices for your situation.

Find cheap car insurance prices by comparing often

Insureds switch companies for a number of reasons such as not issuing a premium refund, lack of trust in their agent, delays in responding to claim requests and even extreme rates for teen drivers. Regardless of your reason, finding a great new company is not as difficult as it may seem.

Some car insurance companies don't offer the ability to get a quote online and usually these small, regional companies provide coverage only through independent agents. Low-cost Acura RDX insurance in Denver can be purchased on the web in addition to many Denver insurance agents, and you need to price shop both to get a complete price analysis.

When shopping online for car insurance, do not skimp on critical coverages to save a buck or two. In many cases, someone dropped liability limits or collision coverage only to find out that their decision to reduce coverage ended up costing them more. Your objective should be to buy enough coverage at a price you can afford.

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