1998 Acura RL Car Insurance Rates

Did you fall for a flashy sales pitch and buy an underperforming, overpriced car insurance policy? Trust us, there are many consumers feeling the pinch from expensive car insurance.

Drivers have so many auto insurance companies to pick from, and although it’s a good thing to have a choice, having more car insurance companies makes it harder to find the lowest rates.

Shopping for the best coverage is quite easy. Just about every vehicle owner who buys auto insurance should be able to lower their premiums. But car owners benefit from understanding the way insurance companies sell online.

Acura RL insurance rates are influenced by…

An important part of buying insurance is that you know the factors that go into determining your insurance rates. Having a good understanding of what controls the rates you pay enables informed choices that will entitle you to much lower annual insurance costs.

  • Liability coverage protects you – Liability coverage is the coverage that protects you in the event that you are found liable for personal injury or accident damage. It will provide legal defense up to the limits shown on your policy. Liability is cheap when compared with rates for comp and collision, so drivers should carry high limits.
  • Big city or small town – Residing in a rural area can be a good thing when talking about insurance. Drivers in populated areas have to deal with much more traffic and longer commute times. Fewer drivers means reduced accidents.
  • Lower rates come with age – Youthful drivers have a tendency to be more careless behind the wheel so they pay higher insurance rates. Adding a teenage driver onto your insurance can be quite pricey. Older drivers are viewed as being more responsible, file fewer claims and are safer drivers.
  • More claims means more premium – Insurance companies provide discounts to drivers who are claim-free. If you tend to file frequent claims, you can look forward to either a policy non-renewal or much higher rates. Auto insurance is designed for the bigger claims that can’t be paid out-of-pocket.
  • How credit affects insurance rates – A driver’s credit history is a important factor in determining what you pay for insurance. If your credit score is not that good, you could be paying less to insure your 1998 Acura RL by improving your credit score. People with high credit scores tend to be more responsible than drivers with lower credit scores.
  • Traffic citations inflate rates – Whether or not you get tickets has a lot to do with how much you pay for insurance. Only having one citation can increase rates twenty percent or more. Good drivers tend to pay less for car insurance than their less careful counterparts. Drivers with dangerous tickets like DWI, reckless driving or hit and run convictions are required to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to prevent a license revocation.
  • Do you have a high stress job? – Careers like real estate brokers, business owners and financial analysts tend to pay higher average rates attributed to high stress levels and lots of time spent at work. Conversely, professions such as pilots, engineers and the unemployed have the lowest average rates on RL coverage.
  • Pay less after the wedding – Having a wife or husband actually saves money on insurance. Having a spouse translates into being more mature and responsible and statistics show married couples file fewer claims.

How to save on Acura RL insurance

The price of auto insurance can be rather high, but you may find discounts that can drop the cost substantially. Certain discounts will be applied at the time of quoting, but a few must be specially asked for before you get the savings.

  • Life Insurance – Companies who offer life insurance give a break if you buy life insurance.
  • 55 and Retired – If you qualify as a senior citizen, you may qualify for a discount up to 10% on RL coverage.
  • Discount for Swiching Early – Select companies give a discount for signing up prior to your current policy expiration. The savings is around 10%.
  • Theft Prevention System – Vehicles with anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
  • Good Student Discount – This discount can get you a discount of up to 25%. Earning this discount can benefit you up until you turn 25.
  • More Vehicles More Savings – Insuring multiple cars or trucks on one policy can get a discount on all vehicles.
  • Seat Belts Save more than Lives – Requiring all passengers to use a seat belt can save 10% or more on the medical payments or PIP coverage costs.
  • Bundle and Save – When you have multiple policies with one company you will save 10% to 20% off each policy.
  • E-sign – Some insurance companies will discount your bill up to fifty bucks for buying a policy and signing up over the internet.

As a disclaimer on discounts, many deductions do not apply to the entire cost. Most cut the price of certain insurance coverages like liability and collision coverage. Just because you may think you could get a free auto insurance policy, it doesn’t quite work that way. Any amount of discount will reduce the amount you have to pay.

For a list of companies with the best auto insurance discounts, click this link.

Save 15 percent in 15 minutes? Is it for real?

Companies like State Farm, Allstate and GEICO continually stream ads in print and on television. All the ads make the same claim of big savings after switching your policy. How can each company make the same claim? It’s all in the numbers.

Insurance companies can use profiling for the right customer that earns them a profit. For instance, a driver they prefer could possibly be between the ages of 40 and 55, insures multiple vehicles, and drives less than 10,000 miles a year. A driver who meets those qualifications is entitled to the best price and is almost guaranteed to save when switching.

Consumers who fall outside the requirements will be quoted a more expensive rate and this can result in business going elsewhere. The ads say “people who switch” not “everybody who quotes” save that much. That is how companies can advertise the savings.

This emphasizes why drivers must get a wide range of price quotes. It’s impossible to know which insurance companies will fit your personal profile best.

Tailor your coverage to you

When it comes to buying coverage for your vehicles, there is no cookie cutter policy. Your needs are not the same as everyone else’s so this has to be addressed. These are some specific questions may help highlight whether you may require specific advice.

  • When do I need to add a new car to my policy?
  • Is pleasure use cheaper than using my 1998 Acura RL to commute?
  • Does my insurance cover a custom paint job?
  • When would I need rental car insurance?
  • Am I covered if I drive in a foreign country?
  • Am I covered when pulling a rental trailer?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of auto insurance companies in your area.

Auto insurance 101

Having a good grasp of insurance can help you determine the right coverages for your vehicles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are typical coverage types offered by insurance companies.

Collision coverage – Collision coverage pays for damage to your RL caused by collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as driving through your garage door, damaging your car on a curb, crashing into a building and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Comprehensive or Other Than Collision – This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like damage from getting keyed, rock chips in glass, damage from a tornado or hurricane, fire damage and falling objects. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

UM/UIM Coverage – This protects you and your vehicle from other drivers when they either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your 1998 Acura RL.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Liability coverage – This protects you from damage or injury you incur to other people or property in an accident. This coverage protects you against claims from other people. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 50/100/50 which means $50,000 bodily injury coverage, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers claims like medical services, pain and suffering and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Medical costs insurance – Medical payments and Personal Injury Protection insurance pay for expenses for pain medications, ambulance fees and chiropractic care. They are used in conjunction with a health insurance plan or if you do not have health coverage. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Smart shoppers get results

Lower-priced 1998 Acura RL insurance can be bought both online and with local insurance agents, and you need to price shop both to get a complete price analysis. Some companies do not offer you the ability to get quotes online and many times these small, regional companies only sell through independent insurance agents.

As you restructure your insurance plan, it’s very important that you do not buy lower coverage limits just to save a few bucks. In many cases, someone dropped collision coverage and learned later that a couple dollars of savings turned into a financial nightmare. Your focus should be to get the best coverage possible for the lowest price while not skimping on critical coverages.

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