Acura is the luxury and performance division of famed Japanese automobile company, Honda. The brand was launched in Canada and the United States in the mid-1980s, and only made its debut at home in Japan several decades later.
Acura is often hailed as the first Japanese luxury vehicle brand, however, it wasn’t long before rival companies Toyota and Nissan developed their own luxury divisions, Lexus and Infiniti, respectively. Regardless, Acura has enjoyed considerable success through the years, even out-selling BMW and Mercedes-Benz early on.
More recently, Acura has become known for its performance SUVs, like the RDX and MDX, as well as its more affordable sedans, the ILX and TLX. Acura’s parent company, Honda, has also stated that the first-ever all-electric Acura SUV will make its debut in 2024.
Acura fun facts
- The Acura name is derived from the Latin word “acu,” which translates to precision. The brand’s logo resembles a caliper, which is a device used to measure the dimensions of an object. It is meant to represent the meticulous detail that goes into creating each Acura vehicle.
- Acura entered into a partnership with Marvel Entertainment back in 2010, whereby Acura became the official brand of Marvel’s fictional S.H.I.E.L.D. organization. Since then, Acura models have appeared in the following Marvel films and television shows: Iron Man 2, Thor, Captain America: The First Avenger.
- Acura has a Mobility Program, designed to ensure drivers who are disabled are safe in their vehicles. Through the program, drivers with disabilities can also be reimbursed for the cost of necessary adaptive equipment.
Acura auto insurance coverage
Whether you drive an Acura RDX or a TLX, you’ll need to budget for car insurance. Car insurance is mandatory in Canada, and when choosing a policy, you'll need to decide which coverages to include. Certain types of auto insurance are compulsory, while others are optional. Therefore, it’s up to each driver to purchase any of the optional coverages, and to decide how much of the mandatory coverages they wish to include (so long as it meets the minimum requirement in your province). For more information about Acura car insurance coverage, keep reading.
Third party liability coverage
Third party liability coverage protects the driver if they are found at fault for a collision. Liability can help cover medical bills related to accidental injuries, vehicle repair costs, legal counsel, and any applicable court fees. This type of coverage is mandatory in Canada, however, the minimum requirement varies by province.
Collision coverage is optional, but Acura drivers may find it worthwhile for the additional protection it offers. This type of coverage protects the policyholder if they get into an accident with another vehicle or object. Collision coverage can help pay for property damage that results from an accident, however, it doesn’t cover medical expenses related to injuries (injuries are covered under the accident benefits portion of your policy).
Comprehensive coverage offers protection against all kinds of circumstances, such as theft, vandalism, water damage, and fire. It is an optional component of car insurance in Canada.
Accident forgiveness coverage
When you purchase accident forgiveness coverage, your insurer can’t raise your rates after your first at-fault accident. This type of coverage is optional but can be well-suited to many Acura drivers.
Factors that affect Acura car insurance rates
Car insurance companies use a long list of factors to determine insurance premiums. These factors range from those out of your control, such as your age, to those within your control, like your driving record. Acura Drivers might find it helpful to understand just how car insurance rates are calculated. A few of the most common factors used to calculate auto insurance are as follows:
Age is one of the most significant factors used to calculate car insurance premiums. Young drivers with little to no driving experience often have higher premiums. Meanwhile, senior drivers over a certain age may also pay more for car insurance, based on statistics.
Where you live in Canada can also determine your insurance rate. Acura drivers who live in major cities like Toronto and Calgary, or those who live in regions prone to climate related incidents, may pay more for car insurance. Conversely, those who live in rural parts of the country could have lower insurance premiums as there are fewer cars on the roads and therefore their odds of getting into an accident are less.
One’s driving history will also be taken into account by insurance companies. Driving history combines driving experience and driving record. Typically, drivers with more experience on the road pay less for insurance. However, you must have a clean driving record to back up this experience. The cleaner your record, the less risky you are, and the lower your insurance premium will be. In contrast, if your driving record is filled with DUIs, accidents, or speeding tickets, no matter how many years of driving experience you have, you could pay more for car insurance as a result. Therefore, one of the most effective ways of minimizing how much you pay for car insurance is by driving the speed limit, driving defensively rather than offensively, and generally obeying the rules of the road.
The specific Acura vehicle you drive can also affect your insurance rate. Often, the more expensive the vehicle, the more it will cost to insure. So if budget is a concern, you may wish to buy one of the more economical Acura models, like the ILX, TLX, or RDX. Finally, whether you buy a used or new Acura model can also impact the cost of your car insurance, with used cars typically costing less to insure than new vehicles.
How to save money on Acura auto insurance
Acura insurance should never break the bank. No matter your circumstances, there are ways you might be able to save money on auto insurance. With the help of BrokerLink’s insurance advisors, we’ve put together a list of tips for getting cheaper car insurance. From bundling policies together to attending driving school, check out BrokerLink’s top tips for reducing the cost of Acura car insurance:
- Purchase car insurance for multiple vehicles together (savings of up to 20%)
- Buy multiple insurance policies (home insurance + car insurance, leisure vehicle insurance + car insurance, etc) from the same provider (savings of up to 15%)
- Increase your deductible
- Enrol in driving school (for young drivers)
- Pay auto insurance annually rather than monthly
- Install winter tires on your Acura vehicle
Want to learn more about Acura car insurance? Contact BrokerLink today
Still have questions about Acura car insurance? BrokerLink can help.
As a top insurance broker in Canada, we are committed to finding the right car insurance policy for every customer that walks through our doors.
So whether you have questions about mandatory car insurance in your province, how insurance premiums are calculated, or which policy to choose, BrokerLink’s insurance advisors are here to help.
BrokerLink is also pleased to offer free car insurance quotes to all Acura drivers in Canada. Whether you already drive an Acura or are thinking of buying one and want to get a car insurance estimate, we encourage you to use our online car insurance calculator. Using this tool, you can obtain an accurate and competitive quote in minutes.
Contact BrokerLink today to begin your Acura car insurance journey.
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FAQs about Acura car insurance
What is the best car insurance for Acura?
No one insurance company in Canada offers the best policy for Acura drivers. Insurance companies calculate their rates based on different criteria. Therefore, your auto insurance rate from last year may not be the same this year. The only way to guarantee you’re getting the most competitive car insurance rate possible is by consulting with a broker who can help you shop around and compare quotes.
What is the least expensive Acura model to insure?
The general rule of thumb is the cheaper the vehicle, the cheaper the insurance. As Acura is a luxury vehicle brand, models tend to be more expensive. However, there are significant price discrepancies between Acura vehicles, which means choosing one of the less expensive models, like the ILX or TLX could result in cheaper car insurance than if you purchased one of the most expensive models like the MDX or the NSX Supercar.
That said, it’s important to keep in mind that several factors determine your insurance rate, not just the make and model of the car you drive. Therefore, choosing one of Acura’s cheaper models won’t necessarily translate to cheap car insurance.
Is it safe to buy Acura car insurance online?
Yes, it is safe to buy Acura auto insurance online, but that doesn’t mean it’s easy. That’s why we recommend consulting with an insurance broker.
Is Acura car insurance mandatory in Canada?
Yes, car insurance is required for all drivers in Canada, no matter what vehicle they drive. Each province and territory has its own regulations surrounding car insurance, so make sure you understand these regulations and purchase a car insurance policy that complies with local laws. Failure to purchase car insurance, or purchasing a policy that doesn’t meet the minimum requirements set by the province in which you reside can result in fines worth tens of thousands of dollars.
If you have any questions, contact one of our local branches.
*This article is in no way sponsored, endorsed, or associated with Acura.
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