Lower Your 2016 Honda Fit Insurance Cost

Looking for lower auto insurance rates for your Honda Fit? Feeling guilty for buying an overpriced auto insurance policy? You’re preaching to the choir because there are many drivers thinking the same thing. Lots of insurance companies contend for your hard-earned dollar, so it’s not easy to compare every company to find the best price available.

It’s a good habit to quote other rates occasionally since rates are rarely the same from one policy term to another. Just because you had the best rate on Fit insurance two years ago you can probably find a better price now. There is a lot of bad information regarding auto insurance out there, but in a few minutes you can learn some guaranteed methods to lower your auto insurance premiums.

If you have insurance now or are just looking to switch companies, you can use these tips to cut your premiums and still get good coverage. Buying car insurance is not that difficult. Drivers just need to learn the most effective way to compare company rates online.

Informed consumers save on insurance

Lots of things are considered when premium rates are determined. Some of the criteria are obvious like a motor vehicle report, but other criteria are less apparent like your continuous coverage and annual miles driven.When buying insurance it’s important to understand the different types of things that play a part in calculating insurance rates. If you understand what impacts premium levels, this enables informed choices that may reward you with lower insurance prices.

The factors shown below are some of the most rate-impacting factors insurance companies consider when setting your rate level.

  • Does car insurance cost less for females? – Over the last 50 years, statistics have shown women are more cautious behind the wheel. The data does not necessarily mean that men are WORSE drivers than women. Males and females cause fender benders at a similar rate, but the men tend to have more serious accidents. They also receive more costly citations like DWI (DUI) or reckless driving.
  • Liability insurance limits are a factor – Liability coverage is the coverage that protects you if a jury decides you are liable for physical damage or personal injury to other. Your liability coverage provides you with a defense in court to defend your case. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should make sure they buy enough to cover all assets.
  • Having a spouse brings a discount – Walking down the aisle helps lower the price when shopping for insurance. Having a significant other may mean you are more stable financially and insurance companies like that married drivers tend to file fewer claims.
  • Your address can impact prices – Living in small towns and rural areas has definite advantages when it comes to insurance. Urban drivers have to deal with more traffic problems and longer commutes to work. Fewer drivers and short commutes means a lower chance of having an accident and also fewer theft and vandalism claims.
  • Accidents cost more than a fine – Having a clean driving record has a big impact on rates. Attentive drivers receive lower rates than people who have multiple driving citations. Getting just one speeding ticket or other violation can increase rates twenty percent or more. Drivers unfortunate enough to have careless citations such as DUI, reckless driving or excessive speeding may find that they have to to file a SR-22 with their state DMV in order to continue driving.
  • Rate your vehicle for proper use – The more you drive in a year the more it will cost to insure it. The majority of insurers price each vehicle’s coverage based upon how the vehicle is primarily used. Vehicles used primarily for pleasure use get more affordable rates than vehicles that have high annual mileage. Having an incorrect usage rating on your Fit may be costing you higher rates. Verify your policy states the correct usage, because improper ratings can cost you money.
  • How your age affects costs – Older people are more responsible, cost insurance companies less in claims , and are generally more financially stable.Young drivers are proven to be more careless when behind the wheel so insurance rates are higher.

Finding insurance

The majority of larger companies make it easy to get prices online. This process is quite easy as you simply enter your required coverages into the form. Once you submit the form, the system collects your driving record and credit report and generates a price. Quoting online makes it a lot easier to compare rates but the time it takes to visit a lot of sites and fill out multiple forms is a waste of time. But it’s also necessary to compare as many rates as possible in order to find the best price on insurance.

Isn’t there an easier way to compare rates?

A more efficient way to lower your rates uses one simple form that gets prices from a bunch of companies at once. The form is fast, reduces the work, and makes online quotes much more enjoyable. After sending your information, it is rated and you are able to buy any of the returned quotes. If a lower price is quoted, you can click and sign and purchase coverage. The entire process can be completed in a matter of minutes and could lower your rates considerably.

In order to find out how much you’re overpaying now, click here to open in new window and fill out the form. If you have your current policy handy, we recommend you duplicate coverages and limits identical to your current policy. This guarantees you will have a price comparison for the exact same coverage.

Ads can be misleading

Consumers can’t avoid all the ads that claim the lowest rates from companies such as GEICO, State Farm and Progressive. All the ads tend to make the same promise that people will save if you switch to them.

It sounds good, but how can they all have lower policy pricing? Here is how they do it.

Different companies offer their best rates for the driver that earns them the highest profit. An example of a desirable insured may need to be a married male, has never had a claim, and does not commute to work. Anybody that fits those parameters will probably get cheap rates and as a result will probably cut their rates if they switch.

Insureds who fall outside these stringent criteria will get a higher rate with the end result being the customer buying from a different company. Company advertisements say “people who switch” but not “all drivers who get quotes” will save that much if they switch. That is how companies can truthfully make the claims of big savings. This emphasizes why you absolutely need to get as many free auto insurance quotes as possible. It’s just too difficult to predict with any certainty which company will have the best rates.

Car Insurance Discounts

The price of auto insurance can be rather high, but discounts can save money and there are some available to help bring down the price. Some trigger automatically at the time you complete a quote, but occassionally some discounts must be specially asked for before being credited.

  • Defensive Driver – Participating in a driver safety course could save 5% or more and make you a better driver.
  • Accident-Free Discounts – Good drivers with no accidents get the best car insurance rates when compared with drivers with a long claim history.
  • Active Service Discounts – Being deployed in the military may qualify for rate reductions.
  • Pay Upfront and Save – If paying your policy premium upfront rather than paying in monthly installments you can avoid monthly service charges.
  • Membership in Organizations – Joining certain professional organizations could earn you a nice discount when getting a auto insurance quote.

Don’t be surprised that many deductions do not apply to your bottom line cost. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. Despite the appearance that all those discounts means the company will pay you, you’re out of luck.

Car insurance companies who might offer most of these discounts include:

When getting free auto insurance quotes, it’s a good idea to all companies you are considering which discounts they offer. Discounts may not apply to policyholders in your area. If you would like to view car insurance companies that provide some of the discounts listed above, click here.

Tailor your car insurance coverage to you

When it comes to choosing the best car insurance coverage for your vehicles, there really is not a one size fits all plan. Every insured’s situation is different and your policy should reflect that. These are some specific questions can aid in determining if your situation could use an agent’s help.

  • Can I drive in Mexico and have coverage?
  • Does medical payments coverage apply to all occupants?
  • Do I benefit by insuring my home with the same company?
  • Where can I find high-risk insurance?
  • Why does it cost so much to insure a teen driver?
  • Is my ex-spouse still covered by my policy?

If you can’t answer these questions but you know they apply to you then you might want to talk to a licensed insurance agent. To find an agent in your area, 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 can provide invaluable advice.

Auto insurance coverages

Understanding the coverages of your policy can help you determine appropriate coverage for your vehicles. Policy terminology can be difficult to understand and coverage can change by endorsement. These are the usual coverages available from insurance companies.

Auto liability – Liability insurance protects you from damage that occurs to other’s property or people. It protects YOU against claims from other people, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers claims such as funeral expenses, medical services and emergency aid. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Collision – This coverage will pay to fix damage to your Fit from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things like damaging your car on a curb, sideswiping another vehicle, rolling your car and crashing into a building. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Another option is to raise the deductible to save money on collision insurance.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for things like pain medications, EMT expenses, doctor visits, ambulance fees and hospital visits. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Uninsured or underinsured coverage – This protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and also any damage incurred 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. This is the reason having UM/UIM coverage is very important.

Comprehensive protection – This will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as hitting a deer, theft, damage from flooding, hitting a bird and damage from getting keyed. The most a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Take this to the bank

More affordable car insurance is attainable online and from local agencies, so you need to quote auto insurance with both to have the best selection. There are still a few companies who don’t offer the ability to get a quote online and these regional carriers only sell coverage through independent insurance agencies.

We just covered many ideas to save on 2016 Honda Fit insurance. The key concept to understand is the more rate quotes you have, the better your chances of lowering your prices. Consumers may even find the lowest premium rates come from a company that doesn’t do a lot of advertising. Some small companies can often provide lower prices in certain areas than the large multi-state companies such as Allstate, GEICO and Progressive.

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