2002 Honda Insight Insurance Rates – 9 Ways to Save

Searching for the cheapest auto insurance rates for your Honda Insight? Are you drained from trying to scrape together enough money to pay auto insurance each month? You’re in the same situation as many other people.

With so many choices, it can be diffult for drivers to pick a more affordable auto insurance company.

Choosing the best insurance company for you is easy if you know what you’re doing. Just about anyone who shops for car insurance will more than likely be able to find lower rates. Nevertheless, drivers do need to understand how the larger insurance companies determine prices and apply this information to your search.

Low cost auto insurance prices

To find low cost insurance quotes, there are several ways to compare quotes from companies that offer auto insurance in your state. By far the easiest way to do a complete rate comparison is to use the internet to compare rates. This can be done in a couple of different ways.

The easiest and least time consuming way to find low rates is a comparison rater form (click to open form in new window). This method keeps you from doing separate quotation requests for every company. One quote request gets you price quotes from many national carriers.

A harder way to find lower rates requires a visit to the website of each company to complete a price quote. For sake of this example, let’s say you are doing a rate comparison from Progressive, Esurance and American Family. You would be required to go to each individual site and punch in your information repeatedly, and that explains why we recommend the first method.

To view a list of companies in your area, click here.

Whichever method you choose, try to keep identical coverage limits and deductibles with every price quote. If your comparisons have different deductibles you can’t possibly decipher which rate is best. Quoting even small variations in coverage limits may cause a big price difference. And when quoting auto insurance, remember that comparing a wide range of rates helps increase your odds of locating a better price. Some companies don’t provide rate quotes online, so it’s important to compare prices on coverage from those companies, too.

Insurance policy discounts

Companies don’t always publicize every disount available in a way that’s easy to find, so below is a list a few of the more common and also the lesser-known savings tricks you should be using when you buy insurance online.

  • Accident-Free Discounts – Insureds who avoid accidents and claims can earn big discounts when compared with bad drivers.
  • Smart Student Discounts – Maintaining excellent grades may save as much as 25% on a insurance quote. Earning this discount can benefit you until age 25.
  • Service Members Pay Less – Having a deployed family member could qualify you for better rates.
  • Driver’s Education for Students – Cut your cost by having your teen driver sucessfully take a drivers education course in high school.
  • ABS Brakes – Cars, trucks, and SUVs with ABS and/or traction control are much safer to drive and qualify for as much as a 10% discount.
  • E-sign Discounts – A few larger online companies will give a small break just for signing your application on their website.
  • Government Employees – Having worked for a branch of the government may qualify for a discount when you quote insurance for Insight insurance depending on your insurance provider.
  • Senior Discount – If you’re over the age of 55, you may receive better insurance rates for Insight insurance.
  • Discount for Passive Restraints – Options like air bags may get savings of more than 20%.

Discounts lower rates, but some of the credits will not apply the the whole policy. Most only apply to specific coverage prices like collision or personal injury protection. So when it seems like it’s possible to get free car insurance, nobody gets a free ride.

To find insurance companies offering insurance discounts, click here to view.

How do I know if I need professional advice?

When buying coverage, there really is not a one size fits all plan. Coverage needs to be tailored to your specific needs so your insurance needs to address that. Here are some questions about coverages that may help you determine whether you could use an agent’s help.

  • Should I have a commercial auto policy?
  • Is my trailer covered?
  • Am I better off with higher deductibles on my 2002 Honda Insight?
  • Is my Honda Insight covered if I use it for business?
  • Does my 2002 Honda Insight need full coverage?
  • Does my car insurance cover rental cars?
  • How do I file an SR-22 for a DUI in my state?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier

Save $383 a year. For real?

Respected companies like State Farm and Allstate regularly use television and radio advertisements. All the ads seem to make the promise about savings if you move your insurance coverage to their company. How can each company cost less than your current company? Here is how they do it.

Insurance providers have a certain “appetite” for the type of driver that will add to their bottom line. One example of this type of risk profile might have to be between 25 and 40, has had continuous coverage, and has great credit. Any driver who matches that profile will get low premium rates and have a good chance to cut their rates substantially.

People who are not a match for these stringent criteria will be quoted a higher rate which results in the customer not buying. If you pay close attention to the ads, they say “people that switch” not “all people who quote” save the amount stated. That’s why insurance companies can state the savings. Because of this risk profiling, it’s extremely important to quote coverage with many companies. It’s impossible to know which company will have the best car insurance rates for your profile.

The coverage is in the details

Understanding the coverages of insurance aids in choosing the best coverages for your vehicles. Policy terminology can be impossible to understand and coverage can change by endorsement. Shown next are the usual coverages offered by insurance companies.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP kick in for bills for chiropractic care, dental work, funeral costs, EMT expenses and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. They cover you and your occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Comprehensive coverage – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like a broken windshield, fire damage, vandalism and theft. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Auto liability – This protects you from injuries or damage you cause to people or other property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 100/300/100 that means you have $100,000 bodily injury coverage, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability coverage pays for claims like repair bills for other people’s vehicles, medical services, emergency aid and pain and suffering. How much coverage you buy is a decision to put some thought into, but consider buying higher limits if possible.

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.

Collision coverage – This pays to fix your vehicle from damage from colliding with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things like sideswiping another vehicle, damaging your car on a curb and rolling your car. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Drivers also have the option to choose a higher deductible to bring the cost down.

Affordable insurance is out there

When shopping online for insurance, make sure you don’t buy lower coverage limits just to save a few bucks. There are too many instances where an accident victim reduced comprehensive coverage or liability limits and learned later that the savings was not a smart move. Your focus should be to purchase a proper amount of coverage for the lowest price, but do not skimp to save money.

Lower-priced insurance can be found both online and from local agencies, and you need to price shop both to have the best chance of lowering rates. Some insurance companies may not offer internet price quotes and many times these smaller providers only sell through independent insurance agents.

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