2003 Honda Insight Insurance Cost – 7 Savings Tips

Want better insurance coverage rates? Drivers have a choice when trying to find the lowest priced Honda Insight insurance. You can either waste hours calling around trying to get quotes or use the internet to make rate comparisons. There is a better way to compare insurance coverage rates and you need to know the proper way to get price quotes for a new or used Honda and find the cheapest rates from local insurance agents and online providers.

It’s a great practice to compare rates periodically since rates trend upward over time. Despite the fact that you may have had the best rates for Insight coverage on your last policy other companies may now be cheaper. Starting now, forget all the misinformation about insurance coverage because it’s time to teach you the proper way to properly buy coverages and cut your premium.

Finding affordable coverage is not that difficult. If you currently have a car insurance policy, you should be able to reduce your rates substantially using this information. Drivers just need to learn the proper way to buy insurance on the web.

Comprehensive Insurance Comparison Quotes

All the larger insurance companies such as Progressive, Allstate and GEICO quote coverage price quotes online. Obtaining pricing doesn’t take much effort as you simply enter the amount of coverage you want as requested by the quote form. After the form is submitted, the system gets reports for credit and driving violations and gives you a price quote based on many factors.

Quoting online simplifies rate comparisons, but the work required to visit several different sites and enter the same data into a form can be a bit repetitive. But it’s absolutely necessary to do this in order to get the best price on insurance.

A less time-consuming method to find better insurance pricing makes use of a single form that gets prices from several different companies. The form is fast, eliminates form submissions, and makes online price comparison much easier to do. Once the form is submitted, your coverage is rated and you are able to buy any one of the quote results. If the quotes result in lower rates, it’s easy to complete the application and purchase the new policy. It can be completed in a matter of minutes and could lower your rates considerably.

To find out how much you’re overpaying now, click here and fill out the form. To compare your current rates, we recommend that you enter the insurance coverages as shown on your current policy. This helps ensure you will receive a fair comparison using the same coverage and limits.

Do you qualify for these seven discounts?

Auto insurance companies don’t always list all available discounts very well, so here is a list both well-publicized and also the lesser-known ways to save on insurance. If you don’t get every credit possible, you’re paying more than you need to.

  • Discount for Swiching Early – Some companies give discounts for buying a policy before your current policy expires. The savings is around 10%.
  • Theft Prevention System – Anti-theft and alarm systems are stolen less frequently and will save you 10% or more.
  • Good Student Discount – This discount can earn a discount of 20% or more. Earning this discount can benefit you well after school through age 25.
  • Multiple Cars – Having all your vehicles with the same company may reduce the rate for each vehicle.
  • Pay Upfront and Save – By paying your policy upfront instead of making monthly payments you can actually save on your bill.
  • Air Bag Discount – Cars that have air bags or motorized seat belts can get savings of up to 25% or more.
  • Distant Student – Children who live away from home and don’t have a car can be insured at a reduced rate.

A little note about advertised discounts, many deductions do not apply to the entire cost. Most only reduce specific coverage prices like collision or personal injury protection. So even though they make it sound like having all the discounts means you get insurance for free, insurance companies aren’t that generous.

A partial list of companies that possibly offer these discounts may include but are not limited to:

It’s a good idea to ask all companies you are considering what discounts are available to you. All car insurance discounts might not be offered in your area.

Don’t assume everyone needs the same coverage

When it comes to choosing coverage, there really is no perfect coverage plan. Your needs are not the same as everyone else’s.

Here are some questions about coverages that could help you determine whether you could use an agent’s help.

  • Can I get a multi-policy discount?
  • What is PIP insurance?
  • Am I covered when driving someone else’s vehicle?
  • Should I get collision insurance on every vehicle?
  • Should I file a claim if it’s only slightly more than my deductible?
  • When can I cancel my policy?
  • Is my trailer covered?
  • How high should my medical payments coverage be?
  • Can I afford low physical damage deductibles?
  • Am I covered when driving in Canada or Mexico?

If you can’t answer these questions but one or more may apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, complete this form. It’s fast, doesn’t cost anything and may give you better protection.

Are car insurance companies telling the truth?

Consumers can’t get away from ads that promise big savings by Progressive, Allstate and GEICO. They all seem to have a common claim about savings if you switch to their company.

How does each company claim to save you money?

All the different companies have a certain “appetite” for the type of driver that makes them money. For instance, a desirable insured could be between the ages of 30 and 50, has no tickets, and drives less than 7,500 miles a year. A driver who meets those qualifications will get very good rates and therefore will pay quite a bit less when switching companies.

Potential insureds who don’t meet the “perfect” profile will be quoted higher rates and this can result in business not being written. Company advertisements say “people who switch” not “everyone that quotes” save that much money. That’s why companies can advertise the savings. This emphasizes why drivers should compare many company’s rates. Because you never know which car insurance company will fit your personal profile best.

Car insurance coverages for a Honda Insight

Knowing the specifics of your car insurance policy can help you determine which coverages you need and the correct deductibles and limits. Car insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Coverage for liability

This protects you from damage or injury you incur to people or other property. It protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against claims like structural damage, legal defense fees and attorney fees. How much liability coverage do you need? That is up to you, but buy higher limits if possible.

Comprehensive insurance

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like damage from flooding, rock chips in glass, vandalism, hail damage and a tree branch falling on your vehicle. The maximum payout your car insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Honda Insight.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Collision protection

This coverage pays for damage to your Insight caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like sideswiping another vehicle, scraping a guard rail, damaging your car on a curb and hitting a mailbox. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Another option is to raise the deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for bills like nursing services, dental work and X-ray expenses. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is only offered in select states and may carry a deductible

More comparisons equals lower rates

Insureds switch companies for many reasons like denial of a claim, policy cancellation, delays in responding to claim requests or an unsatisfactory settlement offer. It doesn’t matter what your reason, finding a great new company is not as difficult as it may seem.

We just showed you some good ideas how to compare 2003 Honda Insight insurance prices online. The most important thing to understand is the more rate comparisons you have, the better likelihood of reducing your rate. Consumers may even find the biggest savings come from a small mutual company.

When trying to cut insurance costs, don’t be tempted to reduce needed coverages to save money. There have been many situations where an insured cut full coverage only to discover later that it was a big error on their part. Your aim should be to purchase a proper amount of coverage at the best price.

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