2007 Honda Fit Insurance Rates

Searching for lower auto insurance rates for your Honda Fit? Are you kicking yourself for buying an underperforming, overpriced auto insurance policy? Don’t feel bad because there are many people just like you.

Many car insurance companies vie for your business, so it’s not easy to compare every provider to get the lowest rate

Insurance coverage policy discounts you can’t miss

Buying insurance coverage is not cheap, but you can get discounts to help offset the cost. Many of these discounts will be applied automatically when you get a quote, but once in a while a discount must be specially asked for before being credited.

  • Multiple Policy Discount – If you insure your home and vehicles with the same company you could save 10% to 20% off each policy.
  • Payment Method – If paying your policy premium upfront instead of paying each month you may reduce your total bill.
  • Accident Free – Drivers who don’t have accidents can earn big discounts as compared to frequent claim filers.
  • Data Collection Discounts – Drivers that enable their insurance company to study driving patterns by using a telematics device in their vehicle such as Progressive’s Snapshot could save a few bucks if they have good driving habits.
  • Homeowners Discount – Just being a homeowner can get you a discount because it demonstrates responsibility.
  • Early Renewal Discounts – Select larger companies give a discount for signing up prior to the expiration date on your current policy. You may see this discount when you get car insurance quotes online.
  • Defensive Driving Course – Completing a course teaching safe driver skills could earn you a small percentage discount and make you a better driver.
  • Driver’s Education for Students – Have your child enroll in driver’s education in school.
  • Distant Student – Older children who are attending college and do not have access to a covered vehicle could qualify for this discount.
  • New Car Discount – Buying a new car instead of a used car can be considerably cheaper because newer vehicles are generally safer.

Consumers should know that most discounts do not apply to the entire cost. Most only cut the cost of specific coverages such as liability and collision coverage. Despite the appearance that having all the discounts means you get insurance for free, insurance coverage companies aren’t that generous. Any amount of discount will reduce your policy cost.

A few companies that have most of these discounts possibly include:

When comparing rates, check with every insurance company how you can save money. Some of the earlier mentioned discounts may not be available in your area.

Smart consumers can cut insurance costs

Lots of factors are part of the equation when quoting car insurance. Most are fairly basic such as your driving history, but others are not quite as obvious such as whether you are married or how safe your car is.When buying car insurance it’s important to understand a few of the rating criteria that play a part in calculating car insurance rates. When you know what positively or negatively controls the rates you pay, this allows you to make good choices that could result in cheaper rates.

The items below are some of the most common factors car insurance companies consider when setting prices.

  • Male premiums may be higher – The statistics show that men are more aggressive behind the wheel. This data doesn’t prove that females are better at driving than males. Males and females cause fender benders in similar numbers, but the males get into accidents with more damage. Not only that, but men also get ticketed for serious violations such as reckless driving. Teenage male drivers are most likely to cause an accident and are penalized with high car insurance rates.
  • A car insurance policy lapse can increase premiums – Driving without insurance is against the law and you will pay a penalty because you let your insurance lapse. Not only will rates go up, getting caught without coverage may result in a fine, jail time, or a revoked license. You may then have to provide proof of insurance in the form of an SR-22 filing with your state DMV.
  • Careless drivers pay higher premiums – Your driving record can have a huge impact on auto insurance premiums. Good drivers have lower premiums than people who have multiple driving citations. Getting just one moving violation can increase the cost of insurance substantially. People who have flagrant tickets like DUI, reckless driving or excessive speeding may find that they have to to complete a SR-22 with their state’s licensing department in order to prevent their license from being revoked.
  • Marriage is a factor – Getting married can actually save you money on your car insurance bill. It translates into being more stable financially and it’s proven that being married results in fewer claims.
  • Youthful drivers are expensive to insure – Inexperience drivers are proven to be more careless when behind the wheel so car insurance rates are higher. If you’ve ever had to add a teenage driver onto your car insurance can increase premiums substantially. Older, more experienced drivers are more responsible, are lower risk to insure and receive fewer citations.
  • Better rates on cars with good safety ratings – Cars with high safety ratings tend to be cheaper to insure. The safest vehicles result in less severe injuries and any reduction in injury severity translates directly to fewer claims which can result in lower premiums. If your Honda scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
  • Alarm systems save money – Choosing to buy a car with a theft deterrent system can get you a discount on your car insurance. Theft deterrent systems such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help stop auto theft and help lower rates.

Insurance agents can help

When choosing the best insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. These are some specific questions might help in determining whether you might need professional guidance.

  • What is high-risk coverage and where do I buy it?
  • Does my car insurance cover rental cars?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • What should my uninsured motorist coverage limits be in my state?
  • Does having multiple vehicles earn me a discount?
  • Does my insurance cover my expensive audio equipment?
  • Am I covered if my car is in a flood?
  • Should I buy only the required minimum liability coverage?
  • Am I covered when driving in Canada or Mexico?

If it’s difficult to answer those questions, then you may want to think about talking to an agent. If you don’t have a local agent, complete this form or click here for a list of insurance companies in your area.

Auto insurance 101

Understanding the coverages of your insurance policy can help you determine 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 the usual coverages offered by insurance companies.

Collision coverage – Collision coverage pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as backing into a parked car, sideswiping another vehicle and driving through your garage door. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Uninsured and underinsured coverage – This coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and damage to your Honda Fit.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Comprehensive coverages – This pays for damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as a broken windshield, a tree branch falling on your vehicle, hail damage and damage from flooding. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Auto liability – This protects you from damages or injuries you inflict on a person or their property that is your fault. This insurance protects YOU from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/25 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability insurance covers claims such as funeral expenses, court costs, medical expenses and structural damage. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for ambulance fees, doctor visits, X-ray expenses, funeral costs and rehabilitation expenses. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

You can do this!

Cheaper 2007 Honda Fit insurance can be found both online and from local insurance agents, so you need to quote car insurance with both to have the best rate selection. Some companies do not offer online price quotes and many times these smaller companies only sell through independent insurance agencies.

While you’re price shopping online, it’s a bad idea to buy lower coverage limits just to save a few bucks. In many instances, an accident victim reduced comprehensive coverage or liability limits and found out when filing a claim that it was a big mistake. Your goal should be to buy a smart amount of coverage at the best price.

We just showed you quite a bit of information on how to get a better price on 2007 Honda Fit insurance. It’s most important to understand that the more providers you compare, the more likely it is that you will get a better rate. Consumers may even find the best price on auto insurance is with a lesser-known regional company. Regional companies may cover specific market segments cheaper than the large multi-state companies such as State Farm and Allstate.

Much more information about auto insurance is available at these links: