Trying to find cheaper auto insurance rates for your Honda Fit? If you’re new to shopping for insurance coverage quotes online, you may be overwhelmed by the large number local agents and online companies offering insurance.
It’s important to take a look at other company’s rates occasionally because auto insurance prices change frequently. Even if you got the best quotes on Fit coverage on your last policy a different company probably has better rates today. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to the best way to buy cheaper auto insurance.
Many things are part of the calculation when you get a price on insurance. A few of the factors are predictable such as traffic violations, although others are not as apparent such as your marital status or how safe your car is.
Shown below are a partial list of the pieces utilized by car insurance companies to help set your rates.
Car insurance is not cheap, but there could be significant discounts that can dramatically reduce your bill. Larger premium reductions will be automatically applied at the time of quoting, but some need to be asked about before being credited.
It’s important to understand that some credits don’t apply to the overall cost of the policy. Most only cut the cost of specific coverages such as medical payments or collision. Even though it appears you can get free auto insurance, it just doesn’t work that way. Any qualifying discounts should definitely cut your car insurance premiums.
Insurance companies that may offer these discounts include:
Double check with all companies you are considering the best way to save money. All car insurance discounts might not be available to policyholders everywhere. If you would like to see a list of insurance companies that offer some of these discounts, follow this link.
When it comes to buying the right insurance coverage for your personal vehicles, there really is not a cookie cutter policy. Each situation is unique.
For example, these questions might point out whether you might need an agent’s assistance.
If you don’t know the answers to these questions but a few of them apply, you may need to chat with a licensed insurance agent. To find an agent in your area, fill out this quick form.
Understanding the coverages of insurance helps when 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.
Collision insurance
Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.
Collision coverage pays for things such as crashing into a ditch, sustaining damage from a pot hole, sideswiping another vehicle and scraping a guard rail. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. You can also choose a higher deductible in order to get cheaper collision rates.
Liability coverage
This coverage will cover damage that occurs to other people or property in an accident. This coverage protects you from claims by other people. It does not cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.
Liability coverage pays for things such as pain and suffering, court costs, loss of income, repair bills for other people’s vehicles and legal defense fees. The amount of liability coverage you purchase is up to you, but you should buy higher limits if possible.
Insurance for medical payments
Medical payments and Personal Injury Protection insurance reimburse you for bills for ambulance fees, funeral costs, nursing services, dental work and surgery. The coverages can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not universally available and may carry a deductible
Comprehensive coverage (or Other than Collision)
This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims like fire damage, damage from getting keyed, vandalism, a tree branch falling on your vehicle and damage from flooding. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Uninsured Motorist or Underinsured Motorist insurance
This coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your Honda Fit.
Since many drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.
Insureds change insurance companies for a variety of reasons including lack of trust in their agent, not issuing a premium refund, unfair underwriting practices and an unsatisfactory settlement offer. No matter why you want to switch, choosing a new company is not as difficult as it may seem.
As you go through the steps to switch your coverage, never sacrifice coverage to reduce premiums. There have been many situations where an insured dropped collision coverage only to find out that they should have had better coverage. Your strategy should be to buy enough coverage for the lowest cost while not skimping on critical coverages.
We just showed you a lot of techniques to shop for 2017 Honda Fit insurance online. The key concept to understand is the more rate quotes you have, the higher your chance of finding cheap insurance coverage. Consumers could even find that the lowest car insurance rates are with some of the lesser-known companies.