2005 Honda Insight Insurance Rates – 10 Tips to Save

Looking for lower car insurance rates for your Honda Insight? Did a good deal turn out to be an underperforming, overpriced car insurance policy? Believe me when I say there are many consumers feeling the pinch from expensive car insurance. There are many insurers to pick from, and though it is a good thing to have a choice, it can be more challenging to find the lowest cost provider.

Finding the best rates is easy if you know what you’re doing. If you are insured now or are looking for a new policy, you can follow these tips to cut your premiums while maximizing coverage. Drivers just need to understand the proper way to compare company rates online.

Compare free auto insurance quotes

Effectively comparing auto insurance prices is a ton of work if you don’t utilize the most efficient way. You can waste a lot of time discussing policy coverages with insurance agencies in your area, or you could save time and use the web to get rates in a matter of minutes.

Many insurance companies belong to a marketplace where prospective buyers complete one form, and every company returns a rated price based on that information. This prevents consumers from doing quote requests to every company. To find out how much you can save on auto insurance click here (opens in new window).

One minor caviat to getting quotes like this is that you can’t choose the insurers to receive prices from. So if you want to select specific insurance companies to receive pricing from, we put together a list of low cost auto insurance companies in your area. Click here to view list.

The method you choose is up to you, but do your best to enter identical coverage limits for every quote you compare. If your comparisons have different deductibles you will not be able to determine which company has the best rates.

Tailor your auto insurance coverage to you

When choosing coverage, there isn’t really a one size fits all plan. Each situation is unique so your insurance needs to address that. For instance, these questions may help you determine if your situation could use an agent’s help.

  • Can I get a multi-policy discount?
  • Do I have coverage if my license is suspended?
  • Is upholstery damage covered by car insurance?
  • Are there companies who specialize in insuring high-risk drivers?
  • What is covered by UM/UIM coverage?
  • Should I buy only the required minimum liability coverage?
  • Why does it cost so much to insure a teen driver?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an agent. To find an agent in your area, simply complete this short form or click here for a list of auto insurance companies in your area. It only takes a few minutes and can provide invaluable advice.

Specific coverage details

Learning about specific coverages of auto insurance aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the usual coverages found on the average auto insurance policy.

Comprehensive or Other Than Collision

This coverage pays for damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as damage from a tornado or hurricane, damage from flooding, hail damage, hitting a bird and hitting a deer. 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.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as damage to your 2005 Honda Insight.

Because many people carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Medical costs insurance

Medical payments and Personal Injury Protection insurance reimburse you for expenses such as doctor visits, ambulance fees and surgery. They are utilized in addition to your health insurance program or if you are not covered by health insurance. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability insurance

Liability coverage will cover damage or injury you incur to other people or property by causing an accident. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 100/300/100 which means a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability insurance covers things such as bail bonds, repair costs for stationary objects, medical expenses, repair bills for other people’s vehicles and funeral expenses. The amount of liability coverage you purchase is a decision to put some thought into, but buy as large an amount as possible.

Coverage for collisions

This coverage pays to fix your vehicle from damage from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as crashing into a building, sustaining damage from a pot hole, hitting a mailbox and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.