Compare 2012 Honda Insight Car Insurance Cost

Want better auto insurance rates for your Honda Insight? Having to pay for overpriced auto insurance can dwindle your savings account and force you to make sacrifices. Doing a price comparison is free, only takes a few minutes, and is a good way to lower your monthly bill.

There is such a variety of auto insurance companies to buy insurance from, and even though it’s nice to be able to choose, too many choices makes it more difficult to adequately compare rates.

This article will familiarize you with the best way to quote coverages and some money-saving tips. If you have car insurance now, you stand a good chance to be able to reduce your rates substantially using these tips. But drivers should learn how big insurance companies sell insurance online.

How to save on 2012 Honda Insight insurance

Car insurance can cost a lot, buy you may qualify for discounts to cut the cost considerably. Some discounts apply automatically at the time you complete a quote, but less common discounts must be inquired about in order for you to get them.

  • Paperless Signup – Some insurance companies will discount your bill up to fifty bucks simply for signing online.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes are safer to drive and earn discounts up to 10%.
  • Seat Belts Save more than Lives – Requiring all passengers to buckle their seat belts could save 15% on the medical payments or PIP coverage costs.
  • Government Employees – Being employed by or retired from a federal job may qualify you for a discount for Insight coverage with select insurance companies.
  • Senior Discount – If you’re over the age of 55, you may qualify for a small decrease in premiums for Insight coverage.
  • Defensive Driving Course – Taking a driver safety course could cut 5% off your bill if your company offers it.

It’s important to note that many deductions do not apply the the whole policy. Some only reduce the price of certain insurance coverages like comprehensive or collision. So even though it sounds like it’s possible to get free car insurance, companies wouldn’t make money that way. Any amount of discount will reduce the amount you have to pay.

To see a list of providers with discount insurance coverage rates, click here to view.

Some factors that can determine what Honda Insight insurance costs

It’s important that you understand some of the elements that go into determining the rates you pay for insurance. When you know what positively or negatively influences your rates helps enable you to make changes that could result in much lower annual insurance costs.

Listed below are some of the items that factor into premiums.

  • Big city or small town – Choosing to live in a rural area can be a good thing when insuring your vehicles. Lower population translates into fewer accidents and also fewer theft and vandalism claims. Drivers in populated areas regularly have much more traffic to deal with and much longer commute distances. Higher commute times can result in more accidents.
  • Credit scores impact insurance rates – Having a bad credit history is a huge factor in your rate calculation. If your credit rating is not that good, you could pay less to insure your 2012 Honda Insight by spending a little time repairing your credit. People with high credit ratings tend to be more responsible as compared to drivers with lower credit scores.
  • Occupation reflects on rates – Occupations such as doctors, business owners and stock brokers have the highest rates in part from job stress and lengthy work days. On the other hand, occupations like farmers, students and the unemployed get better rates for Insight coverage.
  • Choose a safe vehicle and save – Cars with high safety ratings can get you lower premiums. Safer cars protect occupants better and any reduction in injury severity means less money paid by your insurance company passed on to you as lower rates. If your Honda Insight is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
  • Protect yourself with liability coverage – Your policy’s liability coverage is the protection if ever a jury decides you are liable for causing damage or personal injury in an accident. Liability insurance provides you with a defense in court up to the limits shown on your policy. This coverage is very inexpensive as compared to coverage for physical damage, so buy as much as you can afford.
  • Consolidate policies to earn discounts – Most insurance companies provide better rates to people who carry more than one policy in the form of a multi-policy discount. Even with this discount, you still need to shop around to make sure you are getting the best deal. You may still be able to find better rates by splitting coverages up.
  • Optional equipment can affect rates – Choosing a vehicle with a theft deterrent system can get you a discount on your insurance. Theft prevention features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart your car from being stolen.
  • Low deductibles can be expensive – Coverage for physical damage, also known as collision and other-than-collision, protects your Honda from damage. Some instances where coverage would apply are colliding with a building, vandalism, and windstorm damage. Your deductibles are the amount of money you are willing to pay if you file a covered claim. The more you are required to pay out-of-pocket, the lower your rates will be for Insight coverage.

Tailor your coverage to you

When it comes to choosing adequate coverage, there is no “best” method to buy coverage. Every insured’s situation is different and your policy should reflect that. For instance, these questions might point out whether you will benefit from professional help.

  • Do I need roadside assistance coverage?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Does my medical payments coverage pay my health insurance deductible?
  • Should I have a commercial auto policy?
  • When does my teenage driver need to be added to my policy?
  • Which is better, split liability limits or combined limits?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Does my insurance cover a custom paint job?
  • Why do I only qualify for high-risk insurance?
  • Why am I required to get a high-risk car insurance policy?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with an agent. To find an agent in your area, take a second and complete this form or click here for a list of insurance coverage companies in your area.

Insurance coverage basics

Understanding the coverages of your policy helps when choosing appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and coverage can change by endorsement. These are the normal coverages offered by insurance companies.

Medical expense coverage

Coverage for medical payments and/or PIP kick in for short-term medical expenses such as prosthetic devices, dental work and EMT expenses. They are utilized in addition to your health insurance program or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive protection

Comprehensive insurance pays for 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 can pay for things like damage from flooding, theft, hitting a deer, rock chips in glass and a tree branch falling on your vehicle. The maximum payout your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision coverage

Collision coverage pays for damage to your Insight from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like driving through your garage door, scraping a guard rail and damaging your car on a curb. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

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. For this reason, having high UM/UIM coverages should not be overlooked. Usually these coverages are identical to your policy’s liability coverage.

Liability

This coverage will cover damages or injuries you inflict on other people or property. It protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 50/100/50 which means $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Some companies may use one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for things such as repair bills for other people’s vehicles, court costs, funeral expenses, medical services and attorney fees. How much liability coverage do you need? That is a personal decision, but buy as high a limit as you can afford.

Stretch your dollar

When trying to cut insurance costs, it’s not a good idea to skimp on coverage in order to save money. In many instances, someone dropped physical damage coverage only to find out that they should have had better coverage. The proper strategy is to find the BEST coverage at an affordable rate, not the least amount of coverage.

We just presented some good ideas how to shop for 2012 Honda Insight insurance online. The key thing to remember is the more providers you compare, the better chance you’ll have of finding lower rates. Consumers could even find that the lowest rates come from an unexpected company. These companies may have significantly lower rates on certain market segments than the large multi-state companies such as Progressive and Geico.

Budget-conscious insurance is attainable from both online companies in addition to many insurance agents, and you should be comparing both in order to have the best price selection to choose from. Some insurance coverage companies do not provide online price quotes and usually these smaller companies provide coverage only through local independent agents.

Other learning opportunities