Save on 2016 Honda Pilot Car Insurance Rates

Having to pay for overpriced Honda Pilot insurance can bleed your budget and put a big crunch on your finances. Price shopping at each renewal is an excellent way to tighten up your finances.

Vehicle owners have multiple insurance companies to purchase coverage from, and although it’s nice to have multiple companies, more options can take longer to find the lowest rates.

This article will familiarize you with the most effective way to quote insurance and some tricks to saving. If you are paying for car insurance now, you should be able to save some money using these tips. But vehicle owners do need to learn how companies sell insurance online.

How car insurance companies calculate Honda Pilot insurance premiums

Lots of factors are part of the calculation when you quote your car insurance policy. A few of the factors are predictable like your driving record, although others are not quite as obvious such as your marital status or your financial responsibility.The best way to find cheaper insurance coverage is to take a look at some of the factors that are used to determine insurance coverage rates. If you understand what influences your rates, this enables informed choices that will entitle you to big savings.

The itemized list below are some of the factors utilized by car insurance companies to help set rates.

  • Little extras can really add up – There are many add-on coverages that can add up when buying insurance coverage. Add-on coverages like replacement cost coverage, high-cost glass coverage, and extra equipment coverage are some examples. They may seem like a good idea when buying your policy, but if you have no use for them consider taking them off your policy.
  • Deter vehicle theft – Purchasing a vehicle with a theft deterrent system can help bring down rates. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart your vehicle from being stolen.
  • Car and home together may be cheaper – Some insurance companies apply lower prices to insureds who consolidate policies with them. It’s known as a multi-policy discount. The amount of the discounts can be five, ten or even twenty percent. Even if you qualify for this discount already, it’s still a good idea to check prices from other companies to help guarantee you have the best rates. Drivers may still save even more even if you have your coverage with different companies
  • Your address can push rates up or down – Residing in small towns and rural areas may provide you with better prices if you are looking for the lowest rates. Urban drivers have to deal with traffic congestion and more time behind the wheel. Less people means fewer accidents and a lower car theft rate.

More affordable rates by taking advantage of discounts

Some companies don’t always list every policy discount in a way that’s easy to find, so we researched some of the best known as well as the least known car insurance savings. If you check and find you aren’t receiving every discount you qualify for, you are paying more than you should be.

  • Renewal Discounts – Some companies give discounts for buying a policy prior to your current policy expiring. It can save you around 10%.
  • Senior Citizen Rates – Seniors may qualify for better car insurance rates for Pilot insurance.
  • Full Payment Discount – By making one initial payment instead of monthly or quarterly installments you could save 5% or more.
  • Drive Less and Save – Fewer annual miles on your Honda may enable drivers to earn better rates on cars that stay parked.
  • Discounts for Cautious Drivers – Drivers who avoid accidents can save up to 40% or more on their insurance quote for Pilot insurance than their less cautious counterparts.
  • Federal Employees – Employees or retirees of the government can save as much as 8% for Pilot insurance but check with your company.
  • Save with More Vehicles Insured – Buying a policy with several vehicles on one policy qualifies for this discount.
  • Good Student – Maintaining excellent grades can be rewarded with saving of up to 25%. Earning this discount can benefit you until age 25.
  • Clubs and Organizations – Affiliation with certain professional organizations could trigger savings on car insurance.
  • Driver Safety – Completing a class that teaches defensive driver techniques may get you a small discount and easily pay for the cost of the class.

Please keep in mind that most credits do not apply to the entire policy premium. Most only cut specific coverage prices like collision or personal injury protection. Despite the fact that it seems like it’s possible to get free car insurance, companies don’t profit that way. But all discounts will reduce your premiums.

A partial list of companies that may include these money-saving discounts include:

Check with every company which credits you are entitled to. Depending on the company, some discounts may not apply to policyholders in your area. If you would like to see a list of insurers who offer online car insurance quotes, click here.

Auto insurance in the media

Respected companies like State Farm and Allstate seem to constantly run ads on TV and radio. They all make the point that you can save after switching your coverage. Is it even possible that every company can have lower policy pricing? Just pay attention to how they say it.

Different companies have a preferred profile for the type of customer that makes them money. An example of this type of driver might have to be a mature driver, carries high limits, and the vehicle is rated for pleasure use. Any customer who fits that profile receive the lowest rate quotes and will save when they switch companies.

People who don’t qualify for these stringent criteria may be forced to pay a higher rate and this can result in business going elsewhere. The ads state “people that switch” not “all people who quote” can get the lowest rates when switching. This is how companies can truthfully make it sound like they have such great premium rates.

Because of these techniques, you really need to compare price quotes frequently. It’s just not possible to know with any certainty which company will have the lowest rate quotes.

How much car insurance do I need?

When choosing coverage, there really is not a one size fits all plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For instance, these questions may help highlight whether your personal situation will benefit from professional help.

  • Is my Honda Pilot covered if I use it for business?
  • Do I pay less if my vehicle is kept in my garage?
  • What is UM/UIM insurance?
  • What discounts do I qualify for?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Are split liability limits better than a combined single limit?
  • Is my 2016 Honda Pilot covered for smoke damage?
  • Does car insurance cover theft of personal property?

If you’re not sure about those questions then you might want to talk to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.

Information about specific coverages

Learning about specific coverages of a insurance policy can help you determine the right coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. These are the normal coverages offered by insurance companies.

Uninsured/Underinsured Motorist coverage

This coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Honda Pilot.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Frequently these limits do not exceed the liability coverage limits.

Liability

Liability insurance provides protection from damage that occurs to people or other property. It protects YOU from claims by other people. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Some companies may use a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability can pay for things like pain and suffering, medical services, repair bills for other people’s vehicles and bail bonds. How much liability coverage do you need? That is a personal decision, but consider buying as large an amount as possible.

Collision insurance

Collision coverage will pay to fix damage to your Pilot resulting from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like colliding with a tree, driving through your garage door, rolling your car and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from lower value vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance reimburse you for expenses such as hospital visits, doctor visits, prosthetic devices, ambulance fees and surgery. The coverages can be used in conjunction with a health insurance program or if you do not have health coverage. It covers both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states and may carry a deductible

Comprehensive coverage

This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as damage from flooding, damage from getting keyed, theft and a broken windshield. The maximum amount your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Compare but don’t skimp

There are still a few companies who may not provide rates over the internet and these regional carriers prefer to sell through independent agents. Discount 2016 Honda Pilot insurance is possible from both online companies as well as from insurance agents, and you should be comparing both in order to have the best chance of saving money.

When shopping online for insurance, it’s very important that you do not buy lower coverage limits just to save a few bucks. In many cases, someone dropped liability limits or collision coverage and learned later that the savings was not a smart move. The aim is to find the BEST coverage for the lowest cost, but don’t skip important coverages to save money.

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