2015 Honda Fit Insurance Cost – 7 Tips for Best Prices

Are you a victim of an underperforming, overpriced insurance policy? Believe me when I say many consumers are feeling buyer’s remorse and feel like there’s no way out. Lots of car insurance companies contend for your insurance dollar, so it can be very hard to choose a insurance company to get the cheapest price

You need to take a look at other company’s rates periodically due to the fact that insurance rates change frequently. Even if you think you had the best price for Fit coverage last year you can probably find a lower rate today. So just block out anything you think you know about insurance because you’re going to get a crash course in the best methods to find lower rates on insurance.

If you have a policy now or are shopping for new coverage, you can follow these tips to reduce the price you pay and possibly find even better coverage. Finding the best rates is quite easy. Vehicle owners just need to understand the most effective way to shop their coverage around online.

Which Car Insurance is Cheapest?

Getting a lower price on 2015 Honda Fit insurance can be surprisingly simple. You just need to take the time comparing rate quotes from different insurance companies. This can be accomplished in just a few minutes using one of these methods.

  1. The single most time-saving way to find low rates would be an industry-wide quote request form (click to open form in new window). This type of form keeps you from doing multiple quote forms to each individual car insurance company. Just one form will get you rate comparisons from many national carriers.
  2. A slightly less efficient method to analyze rates is to manually visit each company website and request a quote. For sake of this example, let’s say you want comparison quotes from GEICO, Esurance and Farmers. To get each rate you have to take the time to go to each site and enter your information, and that’s why the first method is more popular. For a handy list of car insurance company links in your area, click here.
  3. The most time-consuming method to compare rates is driving to different agent offices. The ability to buy insurance online can eliminate the need for a local agent unless you prefer the professional guidance that only a license agent can provide. It is possible to compare the best prices online and still use a local agent and we’ll touch on that later.

However you get your quotes, compare the exact same information on every quote. If your comparisons have different deductibles it will be next to impossible to truly determine the lowest rate.

Lower rates by qualifying for these seven discounts

Insuring your fleet can be pricey, but you can get discounts that you may not know about. Larger premium reductions will be automatically applied when you get a quote, but a few must be manually applied prior to getting the savings. If they aren’t giving you every credit you deserve, you are paying more than you should be.

  • Senior Citizens – If you qualify as a senior citizen, you may qualify for a small decrease in premiums for Fit coverage.
  • Accident Waiver – A handful of insurance companies will allow you to have one accident before raising your premiums so long as you haven’t had any claims prior to the accident.
  • Driver’s Ed – Cut your cost by having your teen driver take driver’s ed class if it’s offered in school.
  • Good Student – A discount for being a good student can get you a discount of up to 25%. The good student discount can last up until you turn 25.
  • Theft Prevention Discount – Vehicles with anti-theft systems are stolen less frequently and qualify for as much as a 10% discount.
  • Fewer Miles Equal More Savings – Driving fewer miles can earn better rates on cars that stay parked.
  • Clubs and Organizations – Belonging to a qualifying organization is a good way to get lower rates on your policy for Fit coverage.

As a disclaimer on discounts, most credits do not apply to all coverage premiums. A few only apply to the price of certain insurance coverages like comp or med pay. So even though it sounds like all the discounts add up to a free policy, companies don’t profit that way. But all discounts will help reduce your overall premium however.

Insurance companies that may have these discounts are:

It’s a good idea to ask each company which discounts they offer. Discounts may not apply in every state.

Car insurance is unique, just like you

When choosing adequate coverage for your personal vehicles, there isn’t really a cookie cutter policy. Each situation is unique and your policy should reflect that. For example, these questions could help you determine whether you will benefit from professional help.

  • Does liability extend to a camper or trailer?
  • I have health insurance so do I need medical payments coverage?
  • How can I get high-risk coverage after a DUI?
  • Is motorclub coverage worth it?
  • What is PIP insurance?
  • Am I getting all the discounts available?
  • Is my business laptop covered if it gets stolen from my vehicle?

If you can’t answer these questions but a few of them apply then you might want to talk to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.

Insurance policy specifics

Knowing the specifics of your policy can be of help when determining the best coverages and proper limits and deductibles. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverages available from insurance companies.

Coverage for liability

Liability coverage will cover damage or injury you incur to other people or property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Another option is one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability can pay for claims like medical services, court costs, loss of income, emergency aid and attorney fees. How much coverage you buy is a personal decision, but you should buy as high a limit as you can afford.

Collision coverage

This will pay to fix damage to your Fit from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like driving through your garage door, colliding with another moving vehicle and hitting a parking meter. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist (UM/UIM)

This provides protection when other motorists either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your 2015 Honda Fit.

Because many people carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family. Frequently these limits do not exceed the liability coverage limits.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for expenses for things like hospital visits, pain medications and X-ray expenses. They are often utilized in addition to your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Comprehensive insurance

Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as a tree branch falling on your vehicle, damage from a tornado or hurricane and hitting a deer. The maximum payout your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

More comparisons equals lower rates

Cheaper 2015 Honda Fit insurance can be found both online as well as from independent agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some companies don’t offer online quoting and these regional insurance providers work with independent agents.

We covered a lot of ways to lower your insurance rates. It’s most important to understand that the more price quotes you have, the higher the chance of saving money. Drivers may discover the lowest premiums are with some of the lesser-known companies. Some small companies may cover specific market segments cheaper than their larger competitors like State Farm or Progressive.

To learn more, feel free to browse the resources below: