2017 Honda Fit Car Insurance Cost

Trying to find cheaper insurance coverage rates for your Honda Fit? No one gets a kick out of paying for insurance coverage, in particular when it costs too dang much. Because you have many insurance coverage companies to choose from, it can be diffult for drivers to find the most cost effective insurance company.

You need to compare prices once or twice a year because rates are usually higher with each renewal. Just because you had the best rate for Fit coverage a couple years back you will most likely find a better price today. Block out anything you think you know about insurance coverage because you’re going to get a crash course in one of the best ways to remove unneeded coverages and save money.

Save a ton with these discounts

Some insurance providers don’t always advertise every discount very clearly, so we took the time to find a few of the more common in addition to some of the lesser obvious credits available to you.

  • E-sign Discounts – A handful of larger companies will provide an incentive get car insurance digitally online.
  • Payment Method – If you pay your entire premium ahead of time instead of making monthly payments you may reduce your total bill.
  • Defensive Driver – Taking time to complete a course that instructs on driving safety is a good idea and can lower rates if you qualify.
  • Telematics Discount – Drivers who agree to allow data collection to spy on driving habits by using a telematic data system such as Progressive’s Snapshot and State Farm’s In-Drive may get a rate reduction as long as the data is positive.
  • Mature Driver Discount – Drivers that qualify as senior citizens may qualify for a small discount on rates for Fit coverage.
  • Military Deployment Discount – Having a family member in the military could be rewarded with lower car insurance rates.
  • Homeowners Pay Less – Just owning your own home can save a few bucks because maintaining a house requires personal responsibility.
  • Early Switch Discount – A few larger companies offer discounts for switching policies early. This discount can save up to 10%.
  • Discounts for Safe Drivers – Drivers who avoid accidents could pay up to 40% less for Fit coverage compared to accident prone drivers.
  • Save with a New Car – Putting coverage on a new car can cost up to 25% less because new vehicles have to meet stringent safety requirements.

Please keep in mind that some of the credits will not apply to the entire cost. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. Just because it seems like you would end up receiving a 100% discount, you aren’t that lucky.

A list of car insurance companies and some of their more popular discounts are:

  • Progressive has discounts for multi-policy, good student, online quote discount, multi-vehicle, online signing, and continuous coverage.
  • SAFECO offers premium reductions for homeowner, accident prevention training, anti-theft, drive less, teen safety rewards, and bundle discounts.
  • American Family discounts include air bags, defensive driver, good student, TimeAway discount, and Steer into Savings.
  • MetLife offers discounts for good student, multi-policy, good driver, claim-free, and defensive driver.
  • Geico has savings for daytime running lights, defensive driver, anti-theft, federal employee, driver training, air bags, and membership and employees.
  • The Hartford may include discounts for vehicle fuel type, bundle, driver training, good student, air bag, and anti-theft.

It’s a good idea to ask every company how you can save money. Discounts might not be offered in your area. To choose companies that provide some of the discounts listed above, click here to view.

Buy Honda Fit insurance for less

Part of the auto insurance buying process is learning some of the factors that come into play when calculating the rates you pay for auto insurance. When you understand what positively or negatively impacts your premiums, this allows you to make educated decisions that may result in better auto insurance rates. Lots of factors are used when you quote your car insurance policy. Some are pretty understandable such as your driving record, but other factors are not as apparent like where you live or your commute time.

  • Consolidate and save – Lots of insurers provide a discount for people who buy several policies from them. It’s known as a multi-policy discount. The amount of the discounts can be five, ten or even twenty percent. Even though this discount sounds good, drivers will still want to check prices from other companies to verify if the discount is saving money. Consumers may save even more than the discount by buying from different companies
  • More stress means more cost – Did you know that where you work can have an impact on rates? Careers such as real estate brokersair traffic controllers and accountants are shown to have higher rates than average due to high stress and extremely grueling work hours. Conversely, jobs such as farmers, athletes and homemakers have the lowest average rates for Fit coverage.
  • Raise your coverage deductibles for better costs – The deductibles state the amount of money you are willing to pay before a claim is paid by your company. Protection for physical damage, also called comprehensive and collision insurance, protects your car from damage. Some coverage claims would be rearending another vehicle, hail damage, and having a roll-over accident. The more expense you are required to pay out-of-pocket, the lower your rates will be for Fit coverage.
  • Drivers with good credit save – Having a bad credit rating is likely to be a major factor in determining premium rates. So if your credit is low, you could pay less to insure your 2017 Honda Fit by taking the time to improve your credit score. Drivers who have high credit scores tend to file fewer claims and have better driving records than drivers with lower ratings.
  • Don’t cut corners with liability insurance – Liability insurance will provide protection if you are responsible for physical damage or personal injury to other. It will provide legal defense coverage to defend your case. Liability insurance is pretty cheap when compared to the cost of physical damage coverage, so drivers should carry high limits.
  • Know your vehicle’s crash test rating – Vehicles with high crash test scores tend to have better insurance rates. Vehicles built for safety help reduce the chance of injuries in an accident and lower rates of occupant injuries means less claims paid and thus lower rates.
  • More traffic means higher claims – Being located in small towns and rural areas has it’s advantages when insuring your vehicles. Fewer drivers translates into fewer accident claims as well as less vandalism and auto theft. Urban drivers have more auto accidents and much longer commute distances. Spending more time driving means a statistically higher chance of an accident.
  • Careless driving means higher costs – Even a single driving citation can bump up the cost by as much as thirty percent. Careful drivers receive lower rates than people who have multiple driving citations. Drivers with dangerous citations like DUI or willful reckless driving may need to prove financial responsibility with the DMV in their state in order to prevent their license from being revoked.

Insurance can be complex

When it comes to choosing the best insurance coverage for your personal vehicles, there really is not a perfect coverage plan. Each situation is unique and a cookie cutter policy won’t apply. For example, these questions can aid in determining whether you would benefit from an agent’s advice.

  • When would I need rental car insurance?
  • Are all vehicle passengers covered by medical payments coverage?
  • Can I rent a car in Mexico?
  • Can I rate high risk drivers on liability-only vehicles?
  • Can I drive in Mexico and have coverage?
  • Do I pay less if my vehicle is kept in my garage?

If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area. It only takes a few minutes and may give you better protection.

Advertising myths

Consumers can’t get away from all the ads that claim the best prices by companies like Allstate and Progressive. All the companies make the same claim of big savings after switching to them.

How can each company make almost identical claims? This is how they do it.

All companies quote their cheapest rates for a prospective insured that will add to their bottom line. For example, a profitable insured might be between the ages of 30 and 50, has had continuous coverage, and drives a vehicle with a low ISO rating. A customer getting a price quote who matches those parameters will get the preferred car insurance rates and have a good chance to save when they switch companies.

Insureds who may not quite match those criteria may be forced to pay higher premium rates with the end result being business going elsewhere. The ads state “drivers who switch” not “everyone who quotes” save that much. That is how companies can truthfully make claims that they all have the best rates.

Because each company has a different risk profile, you need to get as many free car insurance quotes as possible. Because you never know which auto insurance company will have the lowest rates.

Specific coverages for a 2017 Honda Fit

Learning about specific coverages of your insurance policy helps when choosing the best coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Shown next are the usual coverages found on the average insurance policy.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like surgery, X-ray expenses, nursing services and rehabilitation expenses. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. They cover all vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Collision coverage

Collision coverage pays for damage to your Fit caused by collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things like sustaining damage from a pot hole, driving through your garage door, rolling your car and crashing into a ditch. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Liability

Liability insurance provides protection from injuries or damage you cause to a person or their property by causing an accident. This insurance protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for claims like emergency aid, structural damage and medical expenses. The amount of liability coverage you purchase is up to you, but consider buying as much as you can afford.

Comprehensive insurance

Comprehensive insurance covers damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers things such as a broken windshield, damage from a tornado or hurricane, damage from getting keyed and rock chips in glass. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your Honda Fit.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important. Frequently these limits are similar to your liability insurance amounts.

Shop. Compare. Save.

As you go through the steps to switch your coverage, it’s not a good idea to reduce needed coverages to save money. There are a lot of situations where an accident victim reduced liability coverage limits only to regret they didn’t purchase enough coverage. Your goal is to find the BEST coverage for the lowest cost and still be able to protect your assets.

In this article, we presented some good ideas how you can save on 2017 Honda Fit insurance. The most important thing to understand is the more rate comparisons you have, the higher your chance of finding the cheapest car insurance. Consumers may even find the biggest savings come from some of the lesser-known companies. They may have significantly lower auto insurance rates on certain market segments as compared to the big name companies such as Geico and State Farm.

More detailed car insurance information can be found at these sites: