Searching for lower auto insurance rates for your Honda Insight? Overwhelmed by the crazy number of auto insurance company choices? You have a lot of company. There are so many options available that it can easily become a big hassle to compare prices.
Consumers should take time to get comparison quotes periodically because insurance rates are rarely the same from one policy term to another. Despite the fact that you may have had the best price on Insight coverage last year other companies may now be cheaper. So just forget all the misinformation about auto insurance because you’re going to get a crash course in the right way to save on auto insurance.
Finding the best rates is not that difficult. Just about every driver who carries insurance coverage will most likely be able to lower their premiums. But drivers can benefit by having an understanding of the methods companies use to sell insurance online and use this information to your advantage.
Auto insurance companies don’t necessarily list every available discount very well, so the following is a list of some of the best known and the more hidden savings tricks you should be using.
A little note about advertised discounts, some credits don’t apply to all coverage premiums. A few only apply to specific coverage prices like liability and collision coverage. So even though it sounds like adding up those discounts means a free policy, it doesn’t quite work that way.
Car insurance companies who might offer these discounts may include but are not limited to:
Before buying, ask every prospective company how you can save money. All car insurance discounts may not apply in every state.
Smart consumers have a good feel for the factors that go into determining car insurance rates. When you know what positively or negatively determines base rates enables informed choices that can help you get better car insurance rates.
When choosing the right insurance coverage, there is no one size fits all plan. Everyone’s needs are different.
For instance, these questions may help you determine if your situation might need professional guidance.
If you can’t answer these questions but one or more may apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form.
GEICO, State Farm and Progressive consistently run ads in print and on television. All the companies make the same claim about savings if you change your coverage to them. How does each company make almost identical claims?
All companies are able to cherry pick for the type of customer that is profitable for them. For instance, a desirable insured might be between the ages of 40 and 55, a clean driving record, and has great credit. A propective insured who meets those qualifications will get the preferred rates and is almost guaranteed to cut their rates substantially.
Drivers who don’t qualify for this ideal profile will be charged more money and this can result in business not being written. The ads say “drivers who switch” not “people who quote” save that much. That’s the way insurance companies can confidently advertise the way they do. That is why drivers should quote coverage with many companies. It’s impossible to know which insurance companies will provide you with the cheapest Honda Insight insurance rates.
Learning about specific coverages of your policy can help you determine which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and coverage can change by endorsement.
Collision insurance covers damage to your Insight resulting from a collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.
Collision can pay for claims like scraping a guard rail, backing into a parked car, sustaining damage from a pot hole, sideswiping another vehicle and damaging your car on a curb. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.
Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage pays for claims such as hail damage, damage from flooding and a broken windshield. 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 consider removing comprehensive coverage.
Uninsured or Underinsured Motorist coverage provides protection when the “other guys” do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your Honda Insight.
Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.
Liability insurance will cover damage that occurs to other people or property that is your fault. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.
Liability insurance covers things like attorney fees, funeral expenses, medical expenses, structural damage and repair bills for other people’s vehicles. How much coverage you buy is your choice, but buy higher limits if possible.
Medical payments and Personal Injury Protection insurance kick in for expenses for pain medications, ambulance fees, hospital visits, X-ray expenses and doctor visits. They can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Coverage applies to all vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is not an option in every state and may carry a deductible
People switch companies for many reasons like policy cancellation, delays in paying claims, not issuing a premium refund or even high prices. Regardless of your reason, finding a great new company is not as hard as you think.
As you restructure your insurance plan, you should never skimp on coverage in order to save money. There have been many situations where an insured dropped physical damage coverage and discovered at claim time that it was a big error on their part. Your goal should be to buy a smart amount of coverage at an affordable rate.
We just showed you many ideas to lower your 2013 Honda Insight insurance rates. The key concept to understand is the more price quotes you have, the better likelihood of reducing your rate. Consumers could even find that the lowest rates come from a lesser-known regional company.
Additional auto insurance information is located on the following sites: