Cheapest Acura MDX Insurance in Portland

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Acura MDX insurance
Acura MDX insurance image courtesy of QuoteInspector.com

Having to pay for pricey car insurance in Portland can take a big chunk out of your family's budget and force you to make sacrifices. Comparing cost estimates is a smart way to tighten up your finances.

Insurance quote for Acura MDX in PortlandIt's safe to conclude that insurance companies don't want you to look at other companies. Consumers who shop around for the cheapest rate will, in all likelihood, move their business because the odds are good of finding a lower-priced policy. A study discovered that people who routinely compared rates saved about $850 each year compared to policyholders who never shopped around for cheaper prices.

If saving money on insurance in Portland is your ultimate target, then knowing the best ways to find and compare insurance rates can make shopping around easier.

Many auto insurance companies compete for your insurance dollar, so it can be very hard to choose a insurance company to find the absolute best price available on Acura MDX insurance in Portland.

It's a great practice to compare prices once or twice a year due to the fact that insurance prices change quite often. Despite the fact that you may have had the best deal on Acura MDX insurance in Portland on your last policy there may be better deals available now. Ignore everything you know about car insurance because you're about to learn one of the best ways to remove unneeded coverages and save money.

Just keep in mind that comparing all the rates in your area increases the chance that you will find a lower rate. Not every company does Portland MDX insurance quotes over the internet, so you need to compare price estimates from them as well.

The companies in the list below provide comparison quotes in Portland, OR. If you wish to find the best cheap auto insurance in Oregon, we suggest you compare several of them in order to get a fair rate comparison.

Car insurance discounts are available to cut your rates

Some companies do not advertise every discount in an easy-to-find place, so the list below gives a summary of some of the more common as well as the least known credits available to you.Cheaper car insurance with discounts

  • Claim-Free Discount - Portland drivers who stay claim-free pay much less as compared to drivers with a long claim history.
  • Telematics Data Discounts - Drivers that enable their insurance company to scrutinize their driving habits by using a telematics device in their vehicle such as State Farm's In-Drive may see discounts if their driving habits are good.
  • Own a Home and Save - Just owning your own home may trigger a policy discount on car insurance since owning and maintaining a home is proof that your finances are in order.
  • Anti-lock Brakes - Anti-lock brake equipped vehicles can reduce accidents and therefore earn up to a 10% discount.
  • College Student Discount - Older children who live away from home at college and don't have a car can receive lower rates.
  • Defensive Driver - Taking part in a course teaching safe driver skills may get you a small discount depending on where you live.
  • Drivers Education - Make teen driver coverage more affordable by requiring them to enroll and complete driver's education in school.
  • Good Driver Discount - Insureds without accidents can save up to 40% or more on their Portland auto insurance quote compared to rates paid by drivers with frequent claims.
  • Multiple Policy Discount - If you can combine your auto and home policy with the same company you could get a discount of nearly 15% which can help you find cheap MDX insurance.

As a footnote on discounts, most credits do not apply to the overall cost of the policy. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. Even though it may seem like you can get free auto insurance, nobody gets a free ride.

The information below compares Acura MDX premium costs with and without discounts applied to the policy premium. The price estimates are based on a male driver, no claims or driving violations, Oregon state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, safe-driver, homeowner, claim-free, and multi-policy discounts applied.

To choose companies that offer multiple discounts in Portland, click here.

Acura MDX coverage statistics

The data table shown below highlights estimates of insurance rates for Acura MDX models. Being able to understand how insurance prices are calculated can help customers make smart choices when choosing a car insurance company.

Acura MDX Insurance Rates in Portland, OR
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $298 $486 $362 $22 $108 $1,276 $106
MDX with Tech Package 4WD $298 $574 $362 $22 $108 $1,364 $114
MDX with Tech/Entertainment 4WD $298 $574 $362 $22 $108 $1,364 $114
MDX Advance 4WD $298 $574 $362 $22 $108 $1,364 $114
MDX Advance/Entertainment 4WD $298 $574 $362 $22 $108 $1,364 $114
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Information does not factor in specific zip code location which can influence price quotes greatly.

Analysis of deductible levels

When buying insurance, a common question is which comprehensive and collision deductibles to buy. The premium rates below may help to conceptualize the differences in premium rates of buying low and high physical damage coverage deductibles. The first rate comparisons uses a $100 physical damage coverage deductible and the second data table uses a $1,000 deductible.

Acura MDX insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $346 $496 $320 $18 $96 $1,301 $108
MDX with Tech Package 4WD $346 $586 $320 $18 $96 $1,391 $116
MDX with Tech/Entertainment 4WD $346 $586 $320 $18 $96 $1,391 $116
MDX Advance 4WD $346 $586 $320 $18 $96 $1,391 $116
MDX Advance/Entertainment 4WD $346 $586 $320 $18 $96 $1,391 $116
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Acura MDX insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MDX 4WD $192 $262 $320 $18 $96 $888 $74
MDX with Tech Package 4WD $192 $308 $320 $18 $96 $934 $78
MDX with Tech/Entertainment 4WD $192 $308 $320 $18 $96 $934 $78
MDX Advance 4WD $192 $308 $320 $18 $96 $934 $78
MDX Advance/Entertainment 4WD $192 $308 $320 $18 $96 $934 $78
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Rate quotes do not factor in vehicle location which can increase or decrease coverage rates noticeably.

Based on the data above, we can derive that using a $100 deductible costs about $37 more each month or $444 a year than selecting the higher $1,000 deductible. Since you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go at a minimum 24 months between claims, you would save more money if you decide on a higher deductible.

How to determine when to raise deductibles

Average monthly premium for $100 deductibles: $114
Average monthly premium for $1,000 deductibles (subtract): - $77
Monthly savings from raising deductible: $37
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $37
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 24 months

One thing to be aware of is that increasing deductibles to save money means you will have to pay more out-of-pocket when you have to file a claim. That will require some money saved in order to pay more to get your vehicle repaired.

How violations and accidents impact rates

The diagram below shows how traffic citations and at-fault claims can affect Acura MDX insurance costs for different categories of driver ages. The price estimates are based on a single female driver, full coverage, $500 deductibles, and no discounts are applied to the premium.

Full coverage versus liability-only in Portland

The information below compares Acura MDX auto insurance rates with and without full coverage. The data is based on a clean driving record, no at-fault accidents, $100 deductibles, drivers are not married, and no other discounts are factored in.

When to stop buying physical damage coverage

There is no exact rule to stop paying for comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.

For example, let's say your Acura MDX book value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $3,000 after you pay the deductible. If you are paying over $300 annually for physical damage coverage, then it might be time to consider dropping full coverage.

There are a few cases where buying only liability insurance is not financially feasible. If you have an outstanding loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.

Best auto insurance company in Oregon

Insuring your vehicle with the best insurance provider can be a challenge considering how many choices you have in Portland. The information displayed below could help you choose which car insurance companies to look at when shopping around.

Top 10 Portland Car Insurance Companies Overall

  1. USAA
  2. American Family
  3. State Farm
  4. The Hartford
  5. AAA Insurance
  6. GEICO
  7. The General
  8. Titan Insurance
  9. Progressive
  10. Mercury Insurance

Components of Your Acura MDX Insurance Prices

It's important that you understand the different types of things that help determine the level of your policy premiums. When you know what positively or negatively controls the rates you pay, this helps enable you to make changes that will entitle you to better car insurance rates. Many different elements are taken into consideration when you quote your car insurance policy. Some are pretty understandable like an MVR report, although some other factors are more transparent like your continuous coverage or your vehicle rating.

  • Combine policies to earn discounts - Most major insurers will award lower prices to insureds that purchase more than one policy. It's known as a multi-policy discount. Even with this discount, it's still a good idea to compare other Portland MDX insurance rates to ensure the best deal. Drivers may still save even more by insuring with multiple companies.
  • Male costs may be higher - Over the last 30 years, statistics show women tend to be less risk to insure than men. This data doesn't prove that females are better drivers. Both genders get in accidents in similar numbers, but the males have accidents that have higher claims. Not only are claims higher, but men get more serious tickets like reckless driving and DUI. Young men ages 16 to 20 tend to get in the most accidents so they pay the highest premiums.

    The example below illustrates the difference between Acura MDX insurance rates for male and female drivers. The data is based on no claims or driving violations, full coverage, $500 deductibles, marital status is single, and no discounts are taken into consideration.

  • A policy lapse is a bad thing - Going without insurance is a quick way to trigger a rate increase. In addition to paying higher rates, the inability to provide proof of insurance might get you fines or a revoked license. You will then be forced to file a SR-22 with the Oregon DMV.
  • Drivers with responsible credit save - Credit score can be an important factor in determining what you pay. So if your credit is lower than you'd like, you could potentially save money when insuring your Acura MDX by spending a little time repairing your credit. People with very high credit ratings tend to be better drivers and file fewer claims as compared to drivers with bad credit.
  • Car insurance rates and age - Older insureds are viewed as being more responsible, tend to cause fewer accidents, and usually have better credit. Youthful drivers have a tendency to be easily distracted when driving with friends so car insurance rates are higher.

    The following data assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.

  • Stay claim-free and reduce car insurance rates - If you file a lot of claims you should expect either policy cancellation or increased premiums. Auto insurance companies in Oregon award discounts to insureds who are not frequent claim filers. Insurance coverage is intended to be relied upon for the large, substantial claims.
  • Rural vs Urban Areas - Having an address in small towns and rural areas can be a good thing when insuring your vehicles. Urban drivers have much more traffic and more severe claims. Lower population translates into fewer accidents and lower theft and vandalism rates.
  • More performance means more cost - The type of vehicle you are buying insurance for makes a significant difference in your auto insurance rates. The most favorable rates will normally be found when insuring lower cost passenger models, but the cost you end up paying is determined by many additional factors.

    The following data is based on a married male driver age 50, full coverage with $1000 deductibles, and no discounts or violations. The chart compares Acura MDX insurance rates compared to other makes and models that have different risk factors.

  • Acura MDX claim probability - Insurers use past loss statistics for each vehicle to calculate a price that will offset any claims. Vehicles that the data shows to have higher losses will have increased rates. The table below demonstrates the historical loss data for Acura MDX vehicles.

    For each coverage category, the claim probability for all vehicles, regardless of manufacturer or model, is equal to 100. Numbers shown that are under 100 suggest losses that are better than average, while percentage values above 100 indicate more frequent losses or tendency to have higher losses.

    Auto Insurance Loss Data for Acura MDX Models
    Vehicle 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
    BETTER
    AVERAGE
    WORSE

    Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years