2005 Honda Insight Car Insurance Rates

Looking for the cheapest insurance rates for your Honda Insight? Are you sick and tired of being strong-armed each month for car insurance? You are in the same boat as many other drivers. Big-name insurance companies like GEICO, Farmers Insurance and State Farm increase brand awareness with ad campaigns and consumers find it hard to avoid their marketing magic and do the work needed to find the best deal.

How much can you save with discounts?

The cost of insuring your cars can be expensive, but there are discounts available to help offset the cost. Most are applied at the time of quoting, but some must be requested specifically in order for you to get them. If you don’t get every credit you qualify for, you are paying more than you should be.

  • Theft Prevention Discount – Vehicles with anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
  • Government Employees – Active or retired federal employment can save as much as 8% on Insight coverage with a few car insurance companies.
  • Drive Safe and Save – Drivers who avoid accidents can get discounts for up to 45% lower rates on Insight coverage than less cautious drivers.
  • Discount for New Cars – Insuring a new car is cheaper since new cars are generally safer.
  • Discount for Swiching Early – Select companies give a discount for buying a policy before your current policy expires. The savings is around 10%.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems are safer to drive and will save you 10% or more.

Consumers should know that most discount credits are not given to your bottom line cost. Some only reduce individual premiums such as liability, collision or medical payments. So when it seems like you can get free auto insurance, companies wouldn’t make money that way. Any amount of discount will reduce the cost of coverage.

Insurance companies that possibly offer these money-saving discounts are:

Check with each company how you can save money. Discounts might not be offered everywhere.

How much car insurance do I need?

When it comes to choosing adequate coverage, there really is not a “best” method to buy coverage. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For instance, these questions might help in determining if you might need an agent’s assistance.

  • Is extra glass coverage worth it?
  • Why does it cost so much to insure a teen driver?
  • When should I not file a claim?
  • Is a fancy paint job covered?
  • Is my camper covered by my car insurance policy?
  • Should I buy more coverage than the required minimum liability coverage?
  • What if I total my 2005 Honda Insight and owe more than it’s worth?
  • Do I need an umbrella policy?

If it’s difficult to answer those questions, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It only takes a few minutes and can provide invaluable advice.

Is there deception in advertising?

Consumers get pounded daily by advertisements for car insurance savings by Allstate, GEICO and Progressive. They all seem to make an identical promise about savings if you move to their company.

How can each company make almost identical claims? This is how they do it.

Different companies can use profiling for the right customer that makes them money. For instance, a preferred risk might be between the ages of 30 and 50, owns a home, and has a high credit rating. A customer that hits that “sweet spot” will get the preferred rates and therefore will save quite a bit of money when switching.

Consumers who don’t qualify for this ideal profile will be charged higher prices which leads to the driver buying from a lower-cost company. The ads say “customers who switch” not “everyone that quotes” save that much money. That is how companies can advertise the savings.

That is why it is so important to quote coverage with many companies. You cannot predict which insurance coverage company will have the lowest Honda Insight insurance rates.

Parts of your insurance policy

Knowing the specifics of your insurance policy aids in choosing the best coverages and the correct deductibles and limits. Insurance terms can be confusing and even agents have difficulty translating policy wording. Listed below are typical coverages found on the average insurance policy.

Medical costs insurance

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for dental work, doctor visits, hospital visits, X-ray expenses and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

UM/UIM Coverage

This coverage provides protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your Honda Insight.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally these limits are set the same as your liablity limits.

Comprehensive or Other Than Collision

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as a broken windshield, vandalism, damage from a tornado or hurricane and theft. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability coverages

This coverage protects you from damages or injuries you inflict on other people or property by causing an accident. It protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for things such as structural damage, emergency aid, legal defense fees, repair bills for other people’s vehicles and loss of income. How much liability coverage do you need? That is up to you, but buy as high a limit as you can afford.

Coverage for collisions

This coverage covers damage to your Insight caused by collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as backing into a parked car, crashing into a ditch and colliding with a tree. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. You can also increase the deductible to get cheaper collision coverage.

Coverage on a shoestring budget

We just showed you many ideas to reduce 2005 Honda Insight insurance prices online. The key thing to remember is the more companies you get rates for, the higher the chance of saving money. Consumers may even find the best prices are with some of the lesser-known companies. They can often insure niche markets at a lower cost than their larger competitors like State Farm or Progressive.

As you shop your coverage around, it’s not a good idea to sacrifice coverage to reduce premiums. Too many times, consumers will sacrifice liability coverage limits only to discover later that saving that couple of dollars actually costed them tens of thousands. Your goal should be to get the best coverage possible at an affordable rate while not skimping on critical coverages.

Lower-priced insurance can be sourced from both online companies in addition to many insurance agents, and you need to comparison shop both so you have a total pricing picture. Some companies do not provide the ability to get a quote online and usually these smaller companies provide coverage only through local independent agents.

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