2002 Honda Insight Insurance Cost – 8 Ideas for Cheaper Prices

Finding low-cost insurance for a Honda Insight can normally be difficult, but you can learn the following methods to save time.

There are more efficient ways to buy insurance coverage and we’ll show you the absolute fastest way to compare rates on a Honda and obtain the lowest price from both online companies and local agents.

Discounts are great for lower rates

Insuring your vehicles can cost a lot, but you can get discounts that many people don’t even know exist. Some discounts apply automatically when you get a quote, but less common discounts must be inquired about before you get the savings. If you don’t get every credit you qualify for, you are paying more than you should be.

  • Good Student Discount – Getting good grades can be rewarded with saving of up to 25%. The discount lasts up to age 25.
  • No Accidents – Claim-free drivers pay much less compared to accident-prone drivers.
  • Driver’s Ed – Have your child enroll in driver’s education if offered at their school.
  • More Vehicles More Savings – Having multiple cars or trucks on the same insurance policy may reduce the rate for each vehicle.
  • Club Memberships – Being a member of a qualifying organization is a good way to get lower rates on insurance for Insight coverage.
  • Braking Control Discount – Vehicles equipped with ABS or steering control are safer to drive and therefore earn up to a 10% discount.
  • Sign Early and Save – Some insurance companies reward drivers for signing up prior to your current policy expiration. It can save you around 10%.
  • Safe Drivers – Drivers who avoid accidents can get discounts for up to 45% lower rates for Insight coverage than drivers with accident claims.

It’s important to note that some credits don’t apply to the entire policy premium. Some only apply to specific coverage prices like liability and collision coverage. So even though they make it sound like you can get free auto insurance, it doesn’t quite work that way. But all discounts will help reduce your premiums.

Companies that possibly offer these discounts are:

Check with each company which discounts they offer. Discounts may not be available everywhere.

How to Lower Your Insurance Cost

All the larger insurance companies like Progressive, Allstate and Geico provide coverage prices on their websites. Getting quotes doesn’t take a lot of time as you just type in the coverages you want as detailed in the form. Once you submit the form, their rating system obtains information on your driving record and credit history and quotes a price.

Being able to quote online streamlines rate comparisons, but the time it takes to visit a lot of sites and enter the same data into a form is repetitive and time-consuming. But it’s absolutely necessary to perform this step in order to get the best price possible.

There is a better way to compare rates

The preferred way to compare insurance pricing makes use of a single form that obtains quotes from a lot of companies. The form is fast, eliminates repetitive work, and makes quoting online much more efficient. As soon as the form is sent, it is rated with multiple companies and you can pick your choice of the price quotes you receive.

If you find a better price you can simply submit the application and buy the new coverage. The whole process takes just a few minutes to complete and can result in significant savings.

To get comparison pricing now, click here and input your coverage information. If you currently have coverage, we recommend you copy deductibles and limits just like they are on your policy. This guarantees you will be getting an apples-to-apples comparison based on similar coverages.

You may need specialized coverage

When buying proper insurance coverage for your personal vehicles, there really is not a “perfect” insurance plan. Every situation is different.

For example, these questions might help in determining whether your personal situation could use an agent’s help.

  • Is my custom paint covered by insurance?
  • Should I get collision insurance on every vehicle?
  • Are rental cars covered under my policy?
  • Do I pay less if my vehicle is kept in my garage?
  • Can my teen drive my company car?
  • Do I need replacement cost coverage?

If you’re not sure about those questions but a few of them apply, you might consider talking to an insurance agent. To find lower rates from a local agent, fill out this quick form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Insurance coverage options for a 2002 Honda Insight

Knowing the specifics of a insurance policy can help you determine the right coverages for your vehicles. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your Honda Insight.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Usually these coverages do not exceed the liability coverage limits.

Medical expense coverage

Med pay and PIP coverage provide coverage for expenses like X-ray expenses, chiropractic care, prosthetic devices, EMT expenses and ambulance fees. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and also covers if you are hit as a while walking down the street. PIP is not an option in every state but can be used in place of medical payments coverage

Liability insurance

Liability insurance provides protection from damage or injury you incur to a person or their property that is your fault. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for claims like pain and suffering, attorney fees and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford.

Comprehensive protection

This will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against things like vandalism, damage from flooding and damage from getting keyed. The highest amount a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision insurance

This coverage pays for damage to your Insight resulting from a collision with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things like scraping a guard rail, crashing into a building, damaging your car on a curb, sideswiping another vehicle and rolling your car. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Another option is to increase the deductible to save money on collision insurance.

Cheaper insurance is a realistic goal

We just covered many tips how you can lower your 2002 Honda Insight insurance rates. It’s most important to understand that the more quotes you get, the better chance you’ll have of finding lower rates. You may be surprised to find that the lowest rates come from a company that doesn’t do a lot of advertising.

When buying insurance coverage, it’s not a good idea to reduce needed coverages to save money. There are a lot of situations where an accident victim reduced comprehensive coverage or liability limits to discover at claim time that the savings was not a smart move. Your goal should be to buy the best coverage you can find at the best price.

Consumers switch companies for a variety of reasons including questionable increases in premium, not issuing a premium refund, extreme rates for teen drivers or even lack of trust in their agent. No matter why you want to switch, finding a new insurance coverage company can be less work than you think.

More tips and info about insurance coverage is available in the articles below: