A recent study showed that the vast majority of drivers kept their coverage with the same auto insurance company for a minimum of four years, and practically 40% of auto insurance customers have never shopped around. The average driver in Albuquerque could cut their rates by roughly 40% a year by just shopping around, but they mistakenly think it’s difficult to do a rate comparison.
The most effective way to get affordable Buick LaCrosse insurance is to compare prices once a year from different companies in Albuquerque.
- Step 1: Spend some time learning about what coverages are included in your policy and the measures you can take to keep rates in check. Many things that result in higher prices like inattentive driving and a not-so-good credit score can be amended by making minor driving habit or lifestyle changes.
- Step 2: Request rate estimates from direct, independent, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like Progressive or State Farm, while agents who are independent can provide prices for a wide range of companies. Begin your rate comparison
- Step 3: Compare the new rate quotes to your existing rates and see if there is a cheaper rate. If you find a better price and change companies, make sure there is no coverage gap between policies.
The most important part of shopping around is to use similar coverage information on each quote and and to get price estimates from as many different companies as possible. This guarantees a level playing field and plenty of rates choose from.
If you have coverage now or are looking for a new policy, use these tips to save money while maintaining coverages. Locating the best insurance company for you in Albuquerque is not that difficult as long as you know where to start. Smart buyers just need to know the least time-consuming way to compare price quotes from many different companies.
Components of Your Buick LaCrosse Insurance Premiums
Many different elements are used in the calculation when you quote your car insurance policy. Some are obvious such as traffic violations, but other criteria are more obscure such as your credit history or your commute time.
The factors shown below are some of the most common factors utilized by car insurance companies to help set your premiums.
Low coverage deductibles can be expensive – Physical damage insurance, also called comprehensive and collision insurance, covers damage that occurs to your Buick. Some examples of claims that would be covered could be a windshield shattered by a rock, flood damage, and rolling your vehicle. Deductibles for physical damage define the amount the insured will be required to pay if you file a covered claim. The more damage repair cost you have to pay, the bigger discount you will receive.
High credit history translates to low costs – Having a bad credit rating is likely to be a major factor in determining premium rates. Therefore, if your credit can use some improvement, you could save money insuring your Buick LaCrosse if you clean up your credit. People with very good credit scores tend to be better drivers and file fewer claims than drivers with lower ratings.
Save money by eliminating add-on coverages – Insurance policies have a lot of optional add-on coverages that may not really be needed if you don’t pay attention. Insurance for coverage for rental cars, accident forgiveness, and extra equipment coverage are examples of these. They may sound like good ideas when talking to your agent, but your money might be better spent on other coverage so think about removing them and cutting costs.
Frequent car insurance claims increase prices – Insurance companies in New Mexico give the lowest premiums to people who only file infrequent claims. If you tend to file frequent claims, you can definitely plan on increased rates or even have your policy non-renewed. Auto insurance is designed for larger claims.
Employer stress can affect prices – Did you know your occupation can influence how much you pay for car insurance? Occupational choices like military personnel, architects, and miners are shown to have higher rates than average attributed to job stress and long work days. Conversely, careers such as farmers, historians and retirees pay the least.
Location can impact price – Living in smaller towns and rural areas of the country may provide you with better prices when shopping for auto insurance. Urban drivers have congested traffic and higher rates of accident claims. Fewer people means fewer accidents and also fewer theft and vandalism claims.
Cheaper prices using alarm systems – Owning a car with a theft deterrent system can get you a discount on your car insurance. Anti-theft features like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all aid in stopping your vehicle from being stolen.
Insurance loss data for Buick LaCrosse vehicles – Insurers take into consideration historical loss data for every vehicle as a tool for profitable underwriting. Models that tend to have higher losses will be charged more to insure. The table below demonstrates the insurance loss data used by companies for Buick LaCrosse vehicles.
For each insurance policy coverage type, the claim probability for all vehicles, regardless of make, model or trim level, is considered to be 100. Percentages below 100 imply a favorable loss record, while numbers above 100 indicate a higher chance of having a claim or a tendency for claims to be larger.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Buick LaCrosse 2WD||96||85||93||100||109||92|
|Buick LaCrosse 4WD||101||92||113|
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Statistics and details
The price information displayed next highlights different coverage costs for Buick LaCrosse models. Learning more about how car insurance prices are formulated is important to be able to make decisions when choosing a new policy provider.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Lacrosse CXL AWD||$176||$330||$258||$16||$78||$858||$72|
|Get Your Own Custom Quote Go|
Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and New Mexico minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Rate information does not factor in specific zip code location which can lower or raise coverage prices greatly.
The chart below shows how choosing a deductible and can influence Buick LaCrosse annual premium costs for each age group. The premiums assume a married female driver, full physical damage coverage, and no discounts are applied to the premium.
Poor driving habits will raise your auto insurance rates
The illustration below highlights how speeding tickets and at-fault accidents increase Buick LaCrosse car insurance rates for different insured age categories. The data is based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no policy discounts are applied.
Buick LaCrosse annual premiums for males versus females
The chart below shows the comparison of Buick LaCrosse insurance premiums for male and female drivers. The price estimates are based on no violations or accidents, full physical damage coverage, $250 deductibles, marital status is single, and no discounts are taken into consideration.
Rate comparison of full coverage and liability-only
The illustration below shows the comparison of Buick LaCrosse insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in New Mexico. The data is based on no claims or driving violations, $100 deductibles, drivers are not married, and no additional discounts are factored in.
When to drop comprehensive and collision
There is no definitive formula that is best for determining when to drop physical damage coverage on your policy, but there is a general school of thought. If the annual cost of coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
For example, let’s pretend your Buick LaCrosse settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $7,000 after paying the physical damage deductible. If it’s costing in excess of $700 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.
There are some circumstances where only buying liability is not advised. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not remove full coverage.
Insurance policy discounts for Buick LaCrosse insurance in Albuquerque
Auto insurance companies don’t always list all their discounts in a way that’s easy to find, so we researched some of the best known as well as some of the hidden insurance savings.
- Anti-lock Brake System – Vehicles with anti-lock braking systems can reduce accidents and the ABS can save up to 10%.
- Low Mileage – Low annual miles may enable drivers to earn cheaper insurance rates.
- Anti-theft Discount – Vehicles optioned with advanced anti-theft systems are stolen less frequently and earn discounts up to 10% off your Albuquerque auto insurance quote.
- Drivers Ed for Students – Have your child successfully take a driver’s education course if it’s offered in school.
- Own a Home – Just being a homeowner can save a few bucks because it demonstrates responsibility.
- Employee of Federal Government – Employees or retirees of the government can earn a discount up to 10% depending on your company.
You can save money using discounts, but some of the credits will not apply to the entire policy premium. Most only cut the cost of specific coverages such as liability, collision or medical payments. Despite the fact that it seems like all those discounts means the company will pay you, insurance companies aren’t that generous.
The chart below illustrates the difference between Buick LaCrosse car insurance costs with and without discounts applied to the policy premium. The costs are based on a female driver, no claims or violations, New Mexico state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, homeowner, marriage, safe-driver, and multi-car discounts applied.
A few of the larger companies and the discounts they provide are shown below.
- American Family has savings for accident-free, air bags, early bird, bundled insurance, mySafetyValet, TimeAway discount, and defensive driver.
- State Farm offers discounts including safe vehicle, Steer Clear safe driver discount, multiple policy, good student, good driver, and passive restraint.
- 21st Century offers premium reductions for student driver, air bags, anti-lock brakes, defensive driver, 55 and older, automatic seat belts, and theft prevention.
- Travelers may offer discounts for payment discounts, save driver, student away at school, good student, new car, multi-car, and driver training.
- GEICO may have discounts that include defensive driver, emergency military deployment, seat belt use, anti-lock brakes, military active duty, and federal employee.
Check with each insurance company which credits you are entitled to. Some of the discounts discussed earlier may not apply in Albuquerque. For a list of insurance companies with the best discounts in Albuquerque, click here to view.
Auto insurance companies ranked
Selecting the best car insurance company can be a challenge considering how many different insurance companies sell coverage in Albuquerque. The rank data in the next section may help you decide which car insurance companies you want to consider comparing rate quotes with.
Top 10 Albuquerque Car Insurance Companies Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- Titan Insurance
- The Hartford
- Mercury Insurance
Top 10 Albuquerque Car Insurance Companies by A.M. Best Rank
- USAA – A++
- Travelers – A++
- GEICO – A++
- State Farm – A++
- The Hartford – A+
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Mercury Insurance – A+
- Titan Insurance – A+
In this article, we covered a lot of information how to save on Buick LaCrosse insurance in Albuquerque. The key concept to understand is the more you quote Albuquerque auto insurance, the higher the chance of saving money. You may even be surprised to find that the lowest rates come from the least-expected company. Regional companies can often provide lower car insurance rates in certain areas as compared to the big name companies such as State Farm, GEICO and Nationwide.
A few companies do not offer online rate quotes and these small insurance companies work with independent agents. Cheaper Buick LaCrosse insurance in Albuquerque is possible on the web and with local Albuquerque insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from.
As you quote Albuquerque auto insurance, it’s not a good idea to buy lower coverage limits just to save a few bucks. There are many occasions where an insured dropped full coverage to discover at claim time that the few dollars in savings costed them thousands. The proper strategy is to buy the best coverage you can find at the best possible price, not the least amount of coverage.
More information can be read at the links below
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)
- Who Has the Cheapest Auto Insurance for Teenage Males in Albuquerque? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Safe Drivers in Albuquerque? (FAQ)
- Who Has Affordable Auto Insurance for College Graduates in Albuquerque? (FAQ)
- Who Has the Cheapest Car Insurance for State Employees in Albuquerque? (FAQ)
- Credit Impacts Car Insurance Rates (State Farm)
- Things to Know Before you Cancel Insurance (Allstate)
- Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)