Comparison shopping for more affordable Acura MDX insurance in Chicago might be slightly frustrating for beginners to quoting and comparing prices online. Drivers have so many different companies and agents to choose from that it can easily turn into a big hassle to locate the lowest price in Illinois.
Sad but true, the vast majority of car insurance customers have stayed with the same insurance company for well over three years, and almost 40% of drivers have never even compared quotes to find cheaper rates. Illinois insurance shoppers could save themselves about 40% a year just by comparing rates, but they just don't want to shop their coverage around.
Consumers should take time to compare rates periodically since prices go up and down regularly. If you had the best quotes on Acura MDX insurance in Chicago two years ago there is a good chance you can find better rates now. Forget all the misinformation about car insurance because it's time to teach you the right way to find better rates and still maintain coverage.
Best companies for competitive Acura MDX insurance in Illinois
The companies in the list below can provide free rate quotes in Chicago, IL. If the list has multiple companies, we recommend you visit two to three different companies in order to get a fair rate comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MDX 4WD | $198 | $310 | $340 | $20 | $102 | $970 | $81 |
| MDX with Tech Package 4WD | $282 | $492 | $352 | $20 | $106 | $1,252 | $104 |
| MDX with Tech/Entertainment 4WD | $198 | $340 | $250 | $14 | $76 | $878 | $73 |
| MDX Advance 4WD | $230 | $368 | $268 | $16 | $80 | $962 | $80 |
| MDX Advance/Entertainment 4WD | $198 | $340 | $250 | $14 | $76 | $878 | $73 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Illinois minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Prices do not factor in the specific area where the vehicle is garaged which can raise or lower coverage prices considerably.
Raise deductibles and save
The diagram below shows how choosing a deductible and can impact Acura MDX insurance prices for different insured age categories. The premium estimates are based on a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Should you raise deductibles?
When buying auto insurance, a common question is which deductibles should you choose. The premium rates below sum up the price difference when you select higher and lower physical damage coverage deductibles. The first rate comparisons uses a $100 physical damage deductible and the second rate table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MDX 4WD | $282 | $406 | $262 | $16 | $78 | $1,069 | $89 |
| MDX with Tech Package 4WD | $282 | $478 | $262 | $16 | $78 | $1,141 | $95 |
| MDX with Tech/Entertainment 4WD | $282 | $478 | $262 | $16 | $78 | $1,141 | $95 |
| MDX Advance 4WD | $282 | $478 | $262 | $16 | $78 | $1,141 | $95 |
| MDX Advance/Entertainment 4WD | $282 | $478 | $262 | $16 | $78 | $1,141 | $95 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MDX 4WD | $156 | $214 | $262 | $16 | $78 | $726 | $61 |
| MDX with Tech Package 4WD | $156 | $252 | $262 | $16 | $78 | $764 | $64 |
| MDX with Tech/Entertainment 4WD | $156 | $252 | $262 | $16 | $78 | $764 | $64 |
| MDX Advance 4WD | $156 | $252 | $262 | $16 | $78 | $764 | $64 |
| MDX Advance/Entertainment 4WD | $156 | $252 | $262 | $16 | $78 | $764 | $64 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Illinois minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Rate quotes do not factor in zip code location which can increase or decrease coverage prices noticeably.
Based on the figures above, using a $100 deductible will cost you roughly $31 more each month or $372 each year than requesting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you normally go at least 29 months between claim filings, you would save money if you opt for a higher deductible.
How to determine when to raise deductibles
| Average monthly premium for $100 deductibles: | $94 |
| Average monthly premium for $1,000 deductibles (subtract): | - $63 |
| Monthly savings from raising deductible: | $31 |
| Difference between deductibles ($1,000 - $100): | $900 |
| Divide difference by monthly savings: | $900 / $31 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 29 months |
Insurance rate increases from tickets or accidents
The chart below demonstrates how traffic citations and fender-benders impact Acura MDX annual premium costs for different age groups. The costs are based on a single female driver, full coverage, $250 deductibles, and no policy discounts are applied.
Components of Your Acura MDX Insurance Premiums
One of the most helpful ways to save on insurance is to to have a grasp of a few of the rating criteria that go into determining insurance rates. If you know what influences your rates, this enables you to make decisions that could result in lower insurance prices.
Credit rating impact insurance premiums - Your credit rating can be an important factor in your rate calculation. Drivers with very high credit ratings tend to file fewer claims than drivers with poor credit scores. If your credit history is lower than you'd like, you could be paying less to insure your Acura MDX by spending a little time repairing your credit.
Where do you drive? - Driving a lot of miles annually the more you will pay for insurance. A lot of companies price each vehicle's coverage based upon how much you drive. Vehicles that are left in the garage receive better premium rates than vehicles that are driven to work every day. Make sure your vehicle rating properly reflects how each vehicle is driven. Improper usage on your MDX may be wasting your money.
Buy as much liability insurance as you can afford - A critical coverage on your policy, liability insurance is the protection in the event that you are found to be at fault for personal injury or accident damage. Liability provides legal defense coverage to attempt to prove you were not liable. Liability is cheap as compared to coverage for physical damage, so do not skimp.
Younger driver insurance prices - Mature drivers have been proven to be more responsible, file fewer claims, and are generally more financially stable.Teenage drivers are statistically proven to be inattentive when behind the wheel so insurance rates are higher.
Alarm systems lower prices - Selecting a car model that has a built-in theft deterrent system can get you a discount on your insurance. Systems that thwart thieves like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all hinder auto theft and help lower rates.
Your career may increase prices - Did you know your occupation can influence how much you pay for insurance? Jobs like judges, air traffic controllers, and emergency personnel tend to have higher average rates in part from intense work requirements and lots of time spent at work. Other jobs like farmers, engineers and the unemployed pay the least.
Acura MDX statistical loss data - Insurers use statistical claims data to calculate a price that will offset losses. Models that the data determines to have increased claim numbers or amounts will have higher rates. The information below illustrates the historical insurance loss data for Acura MDX vehicles.
For each policy coverage type, the loss probability for all vehicles, regardless of make or model, is set at 100. Numbers under 100 are indicative of better than average losses, while values over 100 show a trend for more claims or an increased chance of larger losses than average.
Auto Insurance Loss Data for Acura MDX Models
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Acura MDX 4dr 2WD | 73 | 80 | 102 | 63 | 56 | 63 |
| Acura MDX 4dr 4WD | 81 | 85 | 123 | 65 | 60 | 59 |
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Verify you're applying every discount
Companies don't always publicize every available discount very well, so the below list has both the well known and the more hidden credits that may apply to you. If you do not double check each discount you qualify for, you could be saving more on your insurance.
- Driving Data Discount - People who choose to allow their insurance company to analyze where and when they drive by using a telematics device such as Drivewise from Allstate or Snapshot from Progressive may get a rate reduction if they exhibit good driving behavior.
- College Student - Any of your kids who are attending college without a vehicle on campus could qualify for this discount.
- Discounts for New Vehicles - Buying insurance on a new vehicle may earn a small discount since new vehicles are generally safer.
- Switch and Save Discount - Some insurance companies provide a discount for buying a new policy prior to the expiration date on your current MDX insurance policy. This discount can save up to 10%.
- Defensive Driver Discount - Completing a class that teaches defensive driving techniques could save 5% or more and easily recoup the cost of the course.
- Save with More Vehicles Insured - Drivers who insure all your vehicles on one policy could earn a price break for each car.
You should keep in mind that most of the big mark downs will not be given to all coverage premiums. A few only apply to specific coverage prices like collision or personal injury protection. Just because it seems like you could get a free insurance policy, that's just not realistic.
The best insurance companies and their offered discounts include:
- State Farm has savings for good driver, safe vehicle, Drive Safe & Save, passive restraint, driver's education, and good student.
- GEICO offers discounts including seat belt use, emergency military deployment, driver training, air bags, good student, federal employee, and multi-vehicle.
- Allstate has discounts for 55 and retired, farm vehicle, FullPay discount, new car, and resident student.
- SAFECO policyholders can earn discounts including homeowner, accident prevention training, teen safety rewards, anti-theft, and multi-car.
- Farm Bureau may offer discounts for renewal discount, multi-vehicle, good student, 55 and retired, youthful driver, and multi-policy.
- Progressive includes discounts for online signing, multi-vehicle, homeowner, continuous coverage, and multi-policy.
- AAA may include discounts for multi-policy, AAA membership discount, good driver, multi-car, anti-theft, pay-in-full, and education and occupation.
If you are trying to find cheaper Chicago auto insurance quotes, ask every insurance company how many discounts you can get. Savings might not apply in every state. If you would like to view insurers that offer the discounts shown above in Chicago, follow this link.
Do I need a local insurance agent?
Some consumers would prefer to get advice from a local agent and that can be a great decision One of the great benefits of getting free rate quotes online is the fact that drivers can get cheap auto insurance rates and also buy local. Buying from local insurance agents is definitely important in Chicago.
To make it easy to find an agent, after completing this short form, the coverage information is instantly submitted to participating agents in Chicago that give free quotes for your auto insurance coverage. It makes it easy because there is no need to visit any agencies as quotes are delivered immediately to your email address. You can find lower rates and work with a local agent. In the event you want to get a comparison quote from one company in particular, don't hesitate to go to their quote page and submit a quote form there.
Types of car insurance agents in Chicago
When searching for local Chicago agents, it can be helpful to understand the types of insurance agents and how they are distinctly different. Agencies in Chicago are either exclusive or independent (non-exclusive).
Independent Auto Insurance Agencies or Brokers
Independent agents can sell policies from many different companies so as a result can place your coverage with any number of different companies and possibly get better coverage at lower prices. To transfer your coverage to a different company, an independent agent can move your coverage which requires no work on your part.
When comparing rates, we highly recommend that you include price quotes from independent agents so that you can do a thorough price comparison. Most also write with different regional companies that may have much lower rates than larger companies.
Featured below is a short list of independent agencies in Chicago that may be able to give price quote information.
- Serpe Insurance Agency
2538 N Lincoln Ave - Chicago, IL 60614 - (773) 871-0808 - View Map - Talro Insurance Agency
4900 W Belmont Ave - Chicago, IL 60641 - (773) 205-8255 - View Map - Eagle Insurance Agency
3517 N Spaulding Ave - Chicago, IL 60618 - (773) 463-7576 - View Map
Exclusive Agencies
Agents of this type can usually just insure with one company such as Allstate, State Farm and Farmers Insurance. They generally cannot shop your coverage around so they have no alternatives for high prices. These agents are well schooled on their company's products and that enables them to sell even at higher rates. Drivers often purchase coverage from exclusives primarily because of the prominent brand name rather than low rates.
The following are exclusive agents in Chicago who can help you get comparison quotes.
- Angela Roudez - State Farm Insurance Agent
1505 S State St - Chicago, IL 60605 - (312) 663-1820 - View Map - Sylvia Torres Underhill - State Farm Insurance Agent
2422 S Oakley Ave - Chicago, IL 60608 - (773) 376-1166 - View Map - Allstate Insurance: Maribel Marron
3060 W Armitage Ave - Chicago, IL 60647 - (773) 572-9495 - View Map
Finding a good insurance agency shouldn't rely on just a cheap price. The questions below may impact your decision as well.
- Are they in the agency full-time?
- How much will you save each year by using a higher deductible?
- Are they able to provide referrals?
- Do they write coverage based solely on cost?
- How long has the business existed?
- Will their companies depreciate repairs to your car based on the mileage?
One last thing about your coverage
Consumers leave their current company for a variety of reasons including delays in responding to claim requests, high rates after DUI convictions, policy cancellation and even questionable increases in premium. It doesn't matter why you want to switch choosing a new insurance company is actually quite simple.
Cheap Acura MDX insurance in Chicago is available from both online companies and with local Chicago insurance agents, and you should be comparing both to get a complete price analysis. Some car insurance companies do not offer price quotes online and these smaller providers sell through local independent agents.
In this article, we presented a lot of information how to get a better price on Acura MDX insurance in Chicago. The key thing to remember is the more rate comparisons you have, the better likelihood of getting affordable Chicago auto insurance quotes. You may even discover the lowest auto insurance rates are with a small mutual company.
More detailed car insurance information is available at these sites:
- Get the Right Protection (InsureUonline.org)
- Who Has Cheap Auto Insurance Quotes for a Chevrolet Equinox in Chicago? (FAQ)
- What Car Insurance is Cheapest for a Jeep Wrangler in Chicago? (FAQ)
- How Much are Chicago Auto Insurance Quotes for Retired Military? (FAQ)
- Auto Insurance FAQ (Farmers Insurance)
- When is the Right Time to Switch Car Insurance Companies? (Allstate)
- Prom Night Tips for Teen Drivers (State Farm)