Lower Your 2005 Honda Insight Car Insurance Quotes

Trying to find cheaper auto insurance rates for your Honda Insight? No normal person gets a kick out of paying for auto insurance, especially when they know it costs too dang much. Companies like State Farm and Geico persitently shower you with ads and it is difficult to separate fact from fiction and effectively compare rates to find the best deal.

It’s a good habit to compare rates every six months because auto insurance prices are rarely the same from one policy term to another. Just because you had the best deal for Insight coverage a couple years back there is a good chance you can find better rates now. Block out anything you think you know about auto insurance because you’re going to get a crash course in one of the quickest ways to remove unneeded coverages and save money.

Components of your Honda Insight insurance costs

Multiple criteria are part of the equation when you get your auto insurance bill. Some factors are common sense like a motor vehicle report, but other factors are less apparent such as your marital status and annual miles driven.An important part of buying insurance is that you know the factors that aid in calculating the rates you pay for insurance coverage. If you have a feel for what determines premiums, this allows you to make educated decisions that will entitle you to big savings.

Listed below are a few of the “ingredients” utilized by car insurance companies to help set prices.

  • Age of drivers – Older drivers tend to be more responsible, are lower risk to insure and are safer drivers.Teenage drivers are proven to be inattentive in a vehicle therefore insurance coverage rates are much higher.
  • Frequent insurance claims increase premiums – If you file claims often, you can pretty much guarantee higher premiums or even policy non-renewal. Companies award cheaper rates to insureds who are claim-free. Your insurance policy is intended to be relied upon for larger claims.
  • Pleasure use or commuting – The more you drive each year the more you will pay for insurance coverage. A lot of companies calculate prices based upon how the vehicle is primarily used. Cars and trucks that do not get driven very much cost less to insure as compared to vehicles used primarily for driving to work. Make sure your insurance coverage declarations sheet states the right rating data. An improperly rated Insight may be costing you higher rates.
  • Reduce insurance coverage rates by driving cars with good safety ratings – Cars with five star safety ratings are cheaper to insure. Highly rated vehicles have better occupant injury protection and lower injury rates means lower claim amounts and cheaper rates on your policy. If the Honda Insight earned at least four stars on Safercar.gov you may be receiving a better rate.

How to buy insurance

Effectively comparing insurance prices can take hours if you aren’t aware of the fastest way to get free quotes. You can waste hours talking to insurance agencies in your area, or you can stay home and use online quoting to get prices fast.

Many of the larger companies are enrolled in a marketplace that allows shoppers to submit their information once, and each company can give them a price for coverage. This eliminates the need for quotation requests to every company.

To enter your information into the quoting system, click to open in new window.

The one downside to using this type of system is you don’t know exactly which providers to get quotes from. If you prefer to choose individual companies to request quotes from, we have a page of companies who write insurance in your area. Click here to view list.

Whichever way you use, make sure you are using equivalent coverages for each price quote. If you have higher or lower deductibles you will not be able to make a fair comparison for your Honda Insight.

But the ad said I’d save 15% in 15 minutes!

Consumers constantly see and hear ads that claim the cheapest premium rates from the likes of Allstate and Progressive. They all advertise claims about saving some big amount if you change your auto insurance coverage to their company.

But how can every company give you a better price? It’s all in the numbers.

Insurance companies give the best rates for the right customer that will most likely be profitable. For example, a preferred risk may be between 25 and 40, owns their home, and has great credit. Any new insured who fits those characteristics will most likely get cheap prices and therefore will cut their rates substantially.

Potential insureds who don’t meet those criteria will get a more expensive rate with the end result being the customer buying from a different company. If you listen closely, the ads state “drivers who switch” but not “all drivers who get quotes” save that much money. That’s the way companies can advertise the way they do. This really illustrates why you need to compare price quotes frequently. It’s not possible to predict which company will have the best prices for your profile.

Discounts to earn cheaper car insurance rates

The price of auto insurance can be rather high, but you might be missing out on some discounts that can dramatically reduce your bill. Larger premium reductions will be automatically applied at the time you complete a quote, but a few must be asked for before being credited. If you do not check that you are getting every discount you qualify for, you may be paying too high a price.

  • Claim-Free Discount – Drivers with accident-free driving histories can earn big discounts when compared to insureds who have frequent claims or accidents.
  • Passive Restraints – Factory air bags and/or automatic seat belt systems may qualify for discounts up to 30%.
  • Sign Online – Some of the larger companies give back up to $50 for signing up over the internet.
  • Defensive Driver Discounts – Completing a driver safety class could possibly earn you a 5% discount depending on where you live.
  • Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a discounted price on car insurance if you buy some life insurance in addition to your auto policy.
  • Employee of Federal Government – Having worked for a branch of the government could cut as much as 10% off for Insight coverage depending on your company.

A quick disclaimer, some credits don’t apply to all coverage premiums. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. Even though it appears you can get free auto insurance, car insurance companies aren’t that generous.

Popular car insurance companies and their possible discounts are detailed below.

  • Farm Bureau offers premium reductions for multi-policy, driver training, safe driver, renewal discount, 55 and retired, multi-vehicle, and good student.
  • State Farm discounts include Steer Clear safe driver discount, multiple policy, multiple autos, passive restraint, and Drive Safe & Save.
  • Progressive may offer discounts for multi-policy, online quote discount, homeowner, online signing, good student, and multi-vehicle.
  • Allstate offers discounts for safe driver, defensive driver, utility vehicle, teenSMART discount, good payer, and new car.
  • Nationwide may include discounts for good student, easy pay, business or organization, Farm Bureau membership, anti-theft, and family plan.
  • MetLife includes discounts for good student, accident-free, defensive driver, claim-free, and good driver.

Before purchasing a policy, check with each insurance company which discounts can lower your rates. All car insurance discounts might not be offered on policies in your area. To choose car insurance companies with the best car insurance discounts, click here.

Tailor your car insurance coverage to you

When buying proper insurance coverage, there really is not a perfect coverage plan. Everyone’s situation is a little different and your policy should reflect that. Here are some questions about coverages that may help you determine whether your personal situation could use an agent’s help.

  • Is a blown tire covered by insurance?
  • Do I pay less if my vehicle is kept in my garage?
  • At what point should I drop full coverage?
  • Does my insurance cover my expensive audio equipment?
  • Can I rent a car in Mexico?
  • Is my 2005 Honda Insight covered for smoke damage?
  • How do I file an SR-22 for a DUI in my state?
  • Is my ex-spouse still covered by my policy?
  • Should I buy additional glass protection?

If you’re not sure about those questions but a few of them apply, you may need to chat with an agent. To find lower rates from a local agent, complete this form or click here for a list of car insurance companies in your area. It’s fast, free and you can get the answers you need.

Insurance coverage considerations

Knowing the specifics of your insurance policy can be of help when determining the best coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are the normal coverages available from insurance companies.

Comprehensive auto coverage

This covers damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like damage from a tornado or hurricane, a broken windshield, hail damage, damage from getting keyed and hitting a bird. The highest amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for collisions

This coverage covers damage to your Insight caused by collision with another car or object. A deductible applies and then insurance will cover the remainder.

Collision can pay for things like damaging your car on a curb, crashing into a ditch, rolling your car, colliding with another moving vehicle and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Liability coverage

This protects you from damages or injuries you inflict on other’s property or people. It protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability coverage pays for claims such as repair costs for stationary objects, medical services, attorney fees and funeral expenses. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like ambulance fees, nursing services and X-ray expenses. They are often used in conjunction with a health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants in addition to getting struck while a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants and damage to your Honda Insight.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Stretch your dollar

A few companies don’t offer rate quotes online and these smaller companies prefer to sell through local independent agencies. Cheap 2005 Honda Insight insurance can be bought from both online companies as well as from independent agents, and you need to price shop both to have the best selection.

As you go through the steps to switch your coverage, do not buy poor coverage just to save money. There are a lot of situations where consumers will sacrifice liability coverage limits and discovered at claim time that it was a big mistake. Your objective should be to find the BEST coverage for the lowest cost, but don’t skip important coverages to save money.

We covered a lot of information how to lower your 2005 Honda Insight insurance car insurance rates. The key concept to understand is the more you quote auto insurance, the better your chances of lowering your premium rates. Consumers could even find that the lowest priced auto insurance comes from a lesser-known regional company. Some small companies often have lower premium rates on specific markets than their larger competitors like Geico and State Farm.

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