Shockingly, about 70% of customers have bought car insurance from the same company for over three years, and about 40% of consumers have never taken the time to shop around. American insurance shoppers can save hundreds of dollars each year just by comparing rates, but they just don’t understand how easy it is to compare rates and save money.
The best way to get more affordable auto insurance rates is to start comparing rates regularly from different companies in Albuquerque.
First, spend a few minutes and learn about how companies price auto insurance and the things you can change to prevent expensive coverage. Many rating factors that drive up the price like speeding and an unfavorable credit rating can be improved by making small lifestyle or driving habit changes.
Second, compare rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from a single company like GEICO or Allstate, while independent agents can provide rate quotes for a wide range of insurance providers.
Third, compare the new rate quotes to the premium of your current policy and see if you can save money. If you can save some money, make sure there is no coverage gap between policies.
Fourth, provide notification to your current company of your intention to cancel your current coverage and submit payment and a completed application for your new policy. As soon as coverage is bound, place the new certificate verifying proof of insurance in an easily accessible location.
One important bit of advice is to use the same liability limits and deductibles on every quote and and to get prices from as many different companies as possible. This helps ensure a level playing field and a complete selection of prices.
If you already have coverage or are just looking to switch companies, use these cost-cutting techniques to cut your premiums while maximizing coverage. Buying affordable auto insurance in Albuquerque is not rocket science. Drivers just need to use the quickest method to compare prices from many different companies.
The best way to compare car insurance company rates for Acura MDX insurance in Albuquerque is to understand most larger insurance companies actually pay money for the chance to compare rate quotes. All you need to do is give them some information like how much you drive, what you do for a living, if a SR-22 is required, and if you have an active license. That rating data is submitted instantly to multiple companies and they return quotes with very little delay.
If you wish to get multiple quotes for your car now, click here and find out if lower rates are available in Albuquerque.
The companies shown below offer price quotes in Albuquerque, NM. To locate the best cheap auto insurance in New Mexico, it’s a good idea that you visit as many as you can in order to find the cheapest rates.
Auto insurance analysis for an Acura MDX
The information displayed below outlines detailed analysis of insurance policy prices for Acura MDX models. Being able to understand how insurance premiums are calculated can help customers make smart choices when buying a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MDX 4WD | $300 | $490 | $364 | $22 | $108 | $1,284 | $107 |
| MDX with Tech Package 4WD | $300 | $578 | $364 | $22 | $108 | $1,372 | $114 |
| MDX with Tech/Entertainment 4WD | $300 | $578 | $364 | $22 | $108 | $1,372 | $114 |
| MDX Advance 4WD | $300 | $578 | $364 | $22 | $108 | $1,372 | $114 |
| MDX Advance/Entertainment 4WD | $300 | $578 | $364 | $22 | $108 | $1,372 | $114 |
| Get Your Own Custom Quote Go | |||||||
Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Premium costs do not factor in specific location information which can raise or lower premiums significantly.
Acura MDX insurance premiums by gender and age
The example below compares Acura MDX auto insurance rates for male and female drivers. Data assumes no claims or driving violations, comprehensive and collision coverage, $500 deductibles, single status, and no discounts are factored in.
Full coverage or liability only
The illustration below shows the comparison of Acura MDX auto insurance rates with and without physical damage coverage. The rate quotes are based on no claims or driving violations, $1,000 deductibles, single marital status, and no discounts are factored in.
Guidelines for dropping full coverage
There is no set guideline of when to eliminate comprehensive and collision coverage on your policy, but there is a broad guideline. If the annual cost of having full coverage is 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
For example, let’s assume your Acura MDX book value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $3,000 after paying your deductible. If you are paying over $300 annually to have full coverage, then it could be time to drop full coverage.
There are some cases where removing full coverage is not financially feasible. If you haven’t satisfied your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should maintain full coverage.
Car insurance quotes from local Albuquerque insurance agencies
Some people still prefer to have an agent’s advice. Professional agents can answer important questions and help you file claims. The best thing about comparing rates online is that you can find cheap car insurance quotes and still choose a local agent. Buying from local agencies is especially important in Albuquerque.
After completing this form (opens in new window), your information is submitted to participating agents in Albuquerque who will return price quotes to get your business. You won’t need to drive around since rate quotes are delivered immediately to you. If you want to compare prices from a specific car insurance provider, feel free to go to their quote page and fill out the quote form the provide.
When narrowing the list to find an insurance agent, you need to know there are two types of insurance agents and how they work. Agents are categorized either exclusive or independent. Both types can write car insurance policies, but it is important to understand the difference between them since it can affect the selection process.
Independent Agents (or Brokers)
Agents in the independent channel do not work for one specific company so they can insure your vehicles through many companies and possibly get better coverage at lower prices. If your agent finds better pricing, your policy is moved internally and you don’t have to switch agencies. If you are comparing car insurance prices, we recommend you check rates from several independent agencies to maximize your price options.
Listed below is a small list of independent insurance agents in Albuquerque who can help you get comparison quotes.
Berger Briggs Real Estate and Insurance Inc
4333 Pan American Fwy – Albuquerque, NM 87107 – (505) 247-0444 – View Map
Associated Insurance Professionals, Inc
1429 Carlisle Blvd NE – Albuquerque, NM 87110 – (505) 265-3704 – View Map
J B Martin Commercial, Homeowners, Auto, Health and Life Insurance Agency
2800 San Mateo Blvd NE – Albuquerque, NM 87110 – (505) 299-7444 – View Map
Exclusive Agencies
Agents in the exclusive channel normally can only provide a single company’s rates like State Farm, AAA, and Liberty Mutual. They generally cannot compare other company’s rates so always compare other rates. Exclusive agents receive a lot of sales training on their company’s products and that enables them to sell even at higher rates.
Listed below are Albuquerque exclusive insurance agencies willing to provide price quotes.
Beth Wells – State Farm Insurance Agent
7400 Montgomery Blvd NE #5 – Albuquerque, NM 87109 – (505) 883-3742 – View Map
Allstate Insurance – The Keller Agency
6321 Riverside Plaza Ln – Albuquerque, NM 87120 – (505) 792-6616 – View Map
Paul Whitson – State Farm Insurance Agent
8300 Carmel Ave NE #502 – Albuquerque, NM 87122 – (505) 888-1991 – View Map
Picking an insurance agency requires more thought than just the premium amount. These are some questions your agent should answer.
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Can they give you a list of client referrals?
- Do they feel the quoted coverages are adequate?
- Are they involved in claim handling?
- Are they able to influence company decisions when a claim is filed?
- Does the agency have a current Errors and Omissions policy?