How Much Does 2004 Honda Insight Car Insurance Cost?

High-priced Honda Insight insurance can draw down your savings and possibly require postponing other expenditures. Doing a rate comparison can save money and help to make sure you’re not throwing money away.

Since you have so many choices, it’s nearly impossible to pick the lowest cost insurance company.

Choosing the best insurance company for you is quite easy. In a nutshell, everyone who carries insurance coverage most likely will be able to reduce their rates. But vehicle owners do need to learn how companies sell online and apply this information to your search.

Drivers can save with these discounts

Insurance coverage can be pricey, but companies offer discounts to cut the cost considerably. Certain credits will be shown at the time you complete a quote, but a few must be specially asked for in order for you to get them.

  • Theft Prevention Discount – Cars and trucks optioned with advanced anti-theft systems are stolen less frequently and earn discounts up to 10% off your car insurance quote.
  • Payment Method – If you pay your bill all at once instead of paying each month you could save up to 5%.
  • Data Collection Discounts – Drivers who agree to allow their insurance coverage company to monitor their driving habits through the use of a telematics system such as In-Drive from State Farm or Allstate’s Drivewise system could see a rate decrease if they are good drivers.
  • Drivers Education – Make teen driver coverage more affordable by requiring them to take driver’s ed class in high school.
  • Multi-policy Discount – If you can combine your auto and home policy and place coverage with the same company they may give you a discount of up to 20% off your total premium.
  • Good Driver Discount – Insureds without accidents can save as much as half off their rates for Insight insurance compared to rates paid by drivers with frequent claims.
  • Government Employees – Having worked for a branch of the government can save as much as 8% for Insight insurance depending on your company.

Don’t be surprised that some of the credits will not apply to the entire policy premium. Most only cut the price of certain insurance coverages like collision or personal injury protection. So when it seems like having all the discounts means you get insurance for free, that’s just not realistic.

Companies and a summarized list of policyholder discounts can be read below.

  • Farmers Insurance offers discounts for good student, bundle discounts, homeowner, electronic funds transfer, business and professional, switch companies, and pay in full.
  • Esurance may have discounts that include online quote, DriveSense, online shopper, defensive driver, safety device, multi-car, and emergency road assistance.
  • State Farm has discounts for multiple autos, multiple policy, good student, defensive driving training, Drive Safe & Save, and good driver.
  • Geico discounts include military active duty, membership and employees, anti-lock brakes, multi-policy, and air bags.
  • Allstate includes discounts for teenSMART discount, economy car, eSmart discount, FullPay discount, passive restraint, and defensive driver.

Check with each insurance company which discounts they offer. A few discounts might not be available to policyholders in your state.

Special considerations

When choosing coverage, there really is not a perfect coverage plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. Here are some questions about coverages that may help you determine whether your personal situation will benefit from professional help.

  • Should I buy only the required minimum liability coverage?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Will I lose any money if I cancel my policy before it expires?
  • How much can I save by bundling my policies?
  • If my pet gets injured in an accident are they covered?
  • How do I file an SR-22 for a DUI in my state?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Can you really save that much by switching?

Big name companies like Progressive, Geico, Allstate and State Farm consistently run television, radio, and online ads. They all seem to make the promise of big savings if you just switch your insurance coverage to their company. How do they all charge you less for car insurance? Here is how they do it.

Insurance providers provide the lowest rates for the type of driver that will generate a profit. For example, this type of insured may need to be married and over the age of 30, has other policies, and has great credit. Any customer that fits those parameters gets the lowest rates and as a result will probably save some money.

People who do not fit these standards will be charged a higher rate which translates to business going elsewhere. The ads say “people who switch” not “everyone that quotes” will save that much if they switch. That is how companies can state the savings. Because of the profiling, you really should quote coverage with many companies. It’s just too difficult to predict which insurance company will give you lower rates than your current company.

Insurance coverage specifics

Learning about specific coverages of insurance helps when choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find the usual coverages offered by insurance companies.

Collision coverage – This coverage pays for damage to your Insight from colliding with another car or object. 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 crashing into a building, hitting a mailbox, sustaining damage from a pot hole and damaging your car on a curb. This coverage can be expensive, so consider removing coverage from older vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Comprehensive insurance – This coverage covers damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as falling objects, rock chips in glass, a broken windshield, hail damage and fire damage. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability coverage – Liability insurance protects you from injuries or damage you cause to a person or their property. It protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage protects against things such as repair costs for stationary objects, medical services, structural damage, funeral expenses and medical expenses. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses like surgery, hospital visits and EMT expenses. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family as well as damage to your Honda Insight.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

Summing up your car insurance search

Cost effective 2004 Honda Insight insurance is possible on the web as well as from independent agents, and you should be comparing both to get a complete price analysis. Some companies may not have price quotes online and most of the time these smaller companies prefer to sell through independent insurance agencies.

We covered a lot of techniques to lower your 2004 Honda Insight insurance rates. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding low cost car insurance. Drivers may discover the lowest priced car insurance comes from the least-expected company. These smaller insurers may cover specific market segments cheaper than their larger competitors like Progressive and Geico.

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