Average Acura MDX Car Insurance Cost
Average Acura MDX Car Insurance Cost

Average Acura MDX car insurance cost

Average Acura MDX Car Insurance Cost

Looking to insure your Acura MDX? Curious about the cost? Well, you're in luck! In this article, we'll dive into the data and provide you with all the information you need to know.

On average, insuring an Acura MDX will set you back around $1,408 per year. But don't worry, we've done the research for you and found that State Farm offers the most affordable coverage at just $1,084 annually.

So sit back, relax, and let's break down the numbers together.

Average Cost and Cheapest Car Insurance for an Acura MDX

If you're looking to insure an Acura MDX, the average annual cost is $1,408. However, if you're searching for the most affordable full coverage option, State Farm is your best bet at just $1,084 per year. When it comes to finding the cheapest companies for insuring an Acura MDX, State Farm takes the lead with their competitive rates.

On the other end of the spectrum, Allstate is the most expensive option for full coverage at $1,721 per year.

To break it down further, State Farm also provides the cheapest minimum coverage for your Acura MDX at around $454 annually. Farmers insurance company falls on the pricier side when it comes to minimum coverage costs at $765 per year.

Several factors affect Acura MDX insurance costs. One key factor is its relatively high value with a Manufacturer's Suggested Retail Price (MSRP) of $49,195. Higher value cars tend to have more expensive insurance premiums as insurance companies charge more for coverage due to higher potential payouts.

Based on our analysis and data-driven approach, State Farm emerges as the best insurer for an Acura MDX with a MoneyGeek score of 90 out of 100. Travelers follows closely as a runner-up with a MoneyGeek score of 89 out of 100. Both insurers not only offer affordable options but also provide additional benefits and discounts for policyholders.

Compare Insurance Companies Rates and Save on Auto Insurance

To save on your auto insurance rates, compare different providers and find the one that offers the most affordable coverage for you. When it comes to insuring an Acura MDX, understanding car insurance costs is crucial.

The average annual cost of insuring an Acura MDX is $1,408, but this can vary depending on factors such as your location, driving history, and the specific insurance company you choose.

When comparing rates for Acura MDX car insurance, take into account both full coverage and minimum coverage options. State Farm offers the most affordable full coverage at $1,084 per year, while Allstate is the most expensive with a cost of $1,721 per year. For minimum coverage options, State Farm again provides the cheapest option at around $454 per year, while Farmers is the priciest at $765 per year.

Factors that affect Acura MDX insurance costs include its relatively high value with an MSRP of $49,195. Higher value cars tend to have more expensive insurance premiums because they pose a greater risk for potential payouts by insurance companies.

Cost to Insure an Acura MDX by Model Year

When comparing rates for insuring different model years of the Acura MDX, you can consider factors such as the vehicle's age and depreciation. Insurance companies take into account these factors when determining the cost to insure your Acura MDX. As a knowledgeable consumer, it is important to understand how these factors impact your car insurance cost.

The model year of your Acura MDX plays a significant role in determining insurance rates. Newer models are generally more expensive to insure due to their higher value and potential repair costs. On the other hand, older models may have lower insurance premiums because they have already experienced some depreciation.

Insurance companies also consider the overall safety record of each model year when determining rates. If a particular model year has higher accident or theft rates, it may result in higher insurance premiums.

It's important to note that each insurance company has its own unique rating system and criteria for calculating premiums. Therefore, it is advisable to compare quotes from multiple insurance companies before making a decision.

Car Insurance Cost an Acura MDX for 16- to 25-Year-Olds

Young drivers between the ages of 16 and 25 can expect higher insurance premiums for insuring an Acura MDX. Car insurance rates for this age group tend to be higher due to a combination of factors, including inexperience and a higher likelihood of accidents. On average, the cost of insuring an Acura MDX is $1,408 per year. However, this rate can vary depending on various factors such as driving history and location.

Insurance companies take into account driving history when determining premiums. Younger drivers with a clean driving record may qualify for discounts that can help lower their insurance costs. Additionally, some insurance providers offer discounts for completing driver's education courses or maintaining good grades.

It is important to note that the cost of insuring an Acura MDX for young drivers may still be significantly higher compared to older age groups. This is because younger drivers are considered high-risk due to their lack of experience behind the wheel.

To find the most affordable insurance rates for young drivers insuring an Acura MDX, it is recommended to compare quotes from multiple insurance providers and inquire about any available discounts specifically designed for this age group.

How Does Location Affect the Acura MDX Car Insurance Rate

If you live in a high-risk area, such as Michigan, expect to pay higher premiums for insuring your Acura MDX. Location plays a significant role in determining the cost of car insurance. Insurance companies take into account various factors when calculating premiums, including the risk of accidents and thefts in a particular area. In states with higher rates of accidents or vehicle thefts, insurance costs tend to be higher.

When insuring your Acura MDX, especially if you opt for full coverage, it's important to consider the regional variations in insurance costs. For example, Michigan has one of the highest average annual insurance premiums in the country. This is due to its unique no-fault auto insurance system and high minimum coverage requirements.

Insurers also take into account other geographical factors that can affect risks and claims frequency. These may include population density, traffic congestion levels, weather conditions, and even local laws and regulations.

To ensure you are getting the best possible rates for insuring your Acura MDX, it's advisable to shop around and compare quotes from different insurers. Additionally, maintaining a clean driving record and having good credit can help lower your premiums regardless of your location.

Remember that while location is an important factor in determining insurance costs for your Acura MDX, it is just one piece of the puzzle. Other factors like your age, driving history, coverage options chosen, and even the specific model year of your vehicle can also impact the overall cost of insuring your car.

Best Car Insurance Companies for Acura MDX

To find the best insurer for your Acura MDX, compare quotes from different companies. When it comes to insuring your Acura MDX, it's important to consider factors such as cost, coverage options, and customer satisfaction.

Two insurance companies that stand out for their coverage and affordability are State Farm and Travelers.

State Farm has a MoneyGeek score of 90 out of 100, making it the top pick for insuring an Acura MDX. They offer affordable auto insurance with high customer satisfaction ratings. Additionally, State Farm provides roadside emergency service and rental car/travel reimbursement.

Travelers is another great option with a MoneyGeek score of 89 out of 100. They offer moderately-priced coverage options with good coverage scores. Travelers also provides a broad range of common coverage options, including gap insurance for leased vehicles.

When comparing quotes from different insurers for your Acura MDX, be sure to consider additional benefits and discounts that they may offer. Both State Farm and Travelers provide various benefits and discounts for policyholders.

MoneyGeek Top Pick: State Farm

When considering your options for insuring your vehicle, take a look at State Farm as they have been named the top pick by MoneyGeek. State Farm offers affordable auto insurance with high customer satisfaction ratings. They provide roadside emergency service and rental car/travel reimbursement to ensure that you are covered in any situation. While they may lack coverage options like new car replacement and accident forgiveness, their overall affordability and good service make them an excellent choice.

State Farm has received a MoneyGeek score of 90 out of 100, indicating their strong performance in terms of cost-effectiveness and customer satisfaction. They are known for their competitive rates and commitment to meeting their policyholders' needs.

It's worth noting that Travelers is the runner-up on MoneyGeek's list with a score of 89 out of 100. They also offer affordable policies with a good coverage score and provide a broad range of common coverage options. Travelers stands out with offerings like gap insurance for leased vehicles, accident forgiveness, and new car replacement coverage.

Ultimately, both State Farm and Travelers offer additional benefits and discounts for policyholders, making them solid choices for insuring your Acura MDX or any other vehicle you own.

Acura MDX Car Insurance Quotes by Age

If you're looking for affordable coverage for your Acura MDX, age can significantly impact the insurance premiums you'll pay. Insurance companies take into account various factors when determining your premium, and age is one of the most influential. Here are four ways age can affect your Acura MDX insurance costs:

1. Younger drivers typically pay higher premiums: Insurance providers consider younger drivers to be riskier due to their limited driving experience. As a result, if you're a young driver insuring an Acura MDX, you can expect to pay higher insurance rates.

2. Older drivers may qualify for lower rates: On the other hand, older drivers often have more years of driving experience and a longer track record of safe driving behavior. As a result, they may qualify for lower insurance premiums compared to younger drivers.

3. Middle-aged drivers generally enjoy competitive rates: Drivers in their 30s and 40s generally fall into the middle-aged category and tend to enjoy relatively competitive insurance rates. This is because they have more driving experience than younger drivers but haven't reached the age where insurers see them as high-risk.

4. Senior citizens may face higher premiums: While older drivers often qualify for lower rates, once they reach a certain age (typically around 65 or older), insurance companies may start increasing their premiums again due to increased health risks that could potentially affect their driving abilities.

Cost of Acura MDX Insurance by State

California, Hawaii, and Massachusetts do not allow rate adjustments based on credit for Acura MDX insurance rates. This means that when determining the cost of insuring an Acura MDX in these states, insurance companies cannot take into account your credit history as a factor. Instead, other factors such as your age, driving record, and location will play a role in determining your insurance premium.

Insurance premiums can vary significantly from state to state due to differences in regulations and risk factors. For example, California has a large population and high traffic density, which can lead to higher accident rates and therefore higher insurance premiums. On the other hand, Hawaii's smaller population and lower traffic congestion may result in lower insurance costs.

It's important to note that while credit-based insurance scores are not used in California, Hawaii, and Massachusetts for Acura MDX coverage specifically, they may still be considered by insurers for other types of coverage or vehicles. It's always recommended to shop around and compare quotes from different insurance providers to find the best rate for your specific situation.

Acura MDX Insurance Rankings

Now that you have a clear understanding of the Acura MDX insurance rates by state, let's delve into the Acura MDX insurance rankings.

These rankings provide valuable insights into how the insurance costs for the Acura MDX compare to other vehicles in terms of various factors such as depreciation, maintenance, and overall costs.

Here are four key points to consider:

1. Insurance Ranking Comparison: The Acura MDX's insurance cost is compared to other vehicles in its class and beyond. This ranking takes into account factors that influence insurance rates and provides a comprehensive comparison.

2. Aggregated Data: The rankings are based on aggregated data from leading automotive data providers, ensuring reliability and accuracy.

3. General Guide: While individual results may vary, this information serves as a general guide in understanding where the Acura MDX stands in terms of its insurance costs compared to other vehicles.

4. Additional Resources: If you're interested in exploring more about car ownership or want to learn about insurance costs for different Acura models or other brands, there are additional resources available that cover topics like electric and hybrid car value retention, inventory shortages, Tesla battery lifespan, car equity, buying new vs. used cars, and avoiding depreciation.

Other Acura MDX Costs of Ownership

To fully understand the expenses associated with owning an Acura MDX, you should also consider other costs such as maintenance, fuel, and depreciation.

Maintenance costs for the Acura MDX can vary depending on factors such as the age of the vehicle and any repairs or replacements needed. On average, annual maintenance costs for the MDX range from $500 to $1,000.

Fuel costs will depend on your driving habits and current gas prices in your area. The Acura MDX has a combined fuel efficiency of around 22 miles per gallon, so you can estimate your annual fuel costs based on your mileage.

Additionally, depreciation is another important factor to consider when calculating ownership expenses. Like most vehicles, the Acura MDX will experience depreciation over time. On average, the MDX loses about 20% of its value in the first year and around 50% after five years of ownership.

Considering these additional costs along with insurance premiums will help give you a more accurate picture of what it will cost to own an Acura MDX.

2020 Acura MDX Average Cost to Insure

Consider other factors such as your location, driving history, and credit score when determining how much you'll pay to insure an Acura MDX. Insurance costs for the Acura MDX can vary based on these key factors:

1. Average annual cost: The average annual cost of insuring an Acura MDX is $1,408. State Farm offers the most affordable full coverage at $1,084 per year, while Allstate is the most expensive at $1,721 per year.

2. Value of the car: The Acura MDX has a relatively high value with an MSRP of $49,195. Higher value cars tend to have more expensive insurance premiums because insurance companies charge more for coverage due to higher potential payouts.

3. Best Insurance Companies: State Farm is considered the best insurer for an Acura MDX with a MoneyGeek score of 90 out of 100. Travelers is the runner-up with a score of 89 out of 100. Both insurers offer additional benefits and discounts for policyholders.

4. Regional variations: Insurance premiums can vary significantly based on location. Rates tend to be higher in Michigan due to higher coverage requirements, while California, Hawaii, and Massachusetts do not allow rate adjustments based on credit.

Considering these factors will help you make an informed decision about your insurance costs for an Acura MDX.

2019 Acura MDX Car Insurance Cost

The average annual insurance premium for an Acura MDX is $1,408. When it comes to insuring your Acura MDX, there are a few factors that can affect the cost. One of these factors is the value of the car itself.

With an MSRP of $49,195, the Acura MDX has a relatively high value compared to other vehicles. Insurance companies often charge more for coverage on higher value cars due to higher potential payouts in case of accidents or damage.

Another factor that affects insurance costs is the insurance company you choose. Different insurers have different rates and coverage options for the Acura MDX. According to MoneyGeek, State Farm offers the most affordable full coverage at $1,084 per year, while Allstate is the most expensive at $1,721 per year. State Farm also provides the cheapest minimum coverage at around $454, while Farmers is the priciest option for minimum coverage at $765.

In terms of overall satisfaction and customer service, State Farm ranks as the best insurer for an Acura MDX with a MoneyGeek score of 90 out of 100. Travelers comes in as a close runner-up with a score of 89 out of 100.

Ultimately, when choosing insurance for your Acura MDX, it's important to consider both cost and coverage options provided by different insurers in order to find the best fit for your needs and budget.

2018 Acura MDX Insurance Cost

The average annual premium for insuring an Acura MDX in 2019 was $1,408. There are several factors that can affect the price you pay for insurance on the Acura MDX. Here are four key factors to consider:

1. Insurance Coverage: The cost of insurance can vary depending on the type and level of coverage you choose. State Farm offers the most affordable full coverage for the Acura MDX at $1,084 per year, while Allstate is the most expensive at $1,721 per year.

2. Car Value: The Acura MDX has a relatively high value with an MSRP of $49,195. Higher value cars often come with more expensive insurance premiums because insurance companies charge more for coverage due to higher potential payouts.

3. Insurance Company: The choice of insurer can also impact your insurance costs. State Farm is considered the best insurer for the Acura MDX with a MoneyGeek score of 90 out of 100, offering affordable rates and high customer satisfaction.

4. Location: Insurance premiums can vary significantly based on your location. Rates tend to be higher in Michigan due to higher coverage requirements, while California, Hawaii, and Massachusetts do not allow rate adjustments based on credit.

Conclusion

Based on the data provided, it's clear that the cost of car insurance for the Acura MDX can vary significantly. Factors such as the model year, age of the driver, and location all play a role in determining insurance premiums.

However, State Farm emerges as the most affordable option for insuring an Acura MDX, offering competitive rates and high customer satisfaction.

It's important for potential policyholders to compare rates from different insurers in order to find the best coverage options that suit their needs and budget.