2013 Honda Fit EV Insurance Cost – 10 Tips for Best Prices

Trying to find the cheapest insurance coverage rates for your Honda Fit EV? Finding lower premiums on insurance coverage is always nearly impossible for people who are new to shopping for insurance online. There are so many choices that it can turn into a challenge to find lower rates.

How to Lower Your Auto Insurance Cost

Effectively comparing auto insurance prices can be challenging if you aren’t aware of the fastest way to get free quotes. You can waste a lot of time talking to insurance agencies in your area, or you can utilize the internet to get rates in a matter of minutes.

The majority of car insurance companies take part in a program where insurance shoppers submit their information once, and at least one company can provide price quotes for coverage. This eliminates the need for repetitive form submissions to each company. To access this free quoting program, click here to start a free quote.

The only drawback to using this type of system is that consumers can’t choose which carriers you want to price. If you wish to select from a list of companies for rate comparison, we have a page of low cost auto insurance companies in your area. Click to view list.

Whichever method you choose, make darn sure you compare exactly the same coverages on every quote. If you have differing limits it’s impossible to make an equal comparison. Slightly different limits may result in a large different in cost. And when comparing auto insurance rates, know that getting more free quotes will improve the odds of getting a better price.

Save $428 a year. For real?

State Farm, Geico and Progressive continually stream ads on television and other media. All the companies make the same claim that you can save after switching to them. How do they all make almost identical claims? This is how they do it.

All companies have a preferred profile for the driver that earns them a profit. A good example of a preferred risk could possibly be over the age of 40, has no tickets, and drives less than 10,000 miles a year. A customer who fits that profile will qualify for the lowest rates and most likely will save a lot of money.

Potential customers who don’t qualify for the “perfect” profile will be charged a more expensive rate and ends up with business not being written. The ads state “people who switch” not “people who quote” save that kind of money. This is how companies can truthfully state the savings. That is why drivers should get quotes from several different companies. You cannot predict the company that will fit your personal profile best.

Do you qualify for these ten discounts?

Companies offering auto insurance don’t always advertise all their discounts in a way that’s easy to find, so we researched both the well known and the harder-to-find discounts you could be receiving.

  • Federal Government Employee – Being employed by or retired from a federal job can earn a discount up to 10% on Fit EV coverage with a few car insurance companies.
  • Drive Less and Save – Driving fewer miles could qualify for lower rates on the low mileage vehicles.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to use a seat belt can save up to 15% off your PIP or medical payments premium.
  • Passive Restraints – Cars that have air bags or motorized seat belts can receive discounts of up to 25% or more.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control are safer to drive and therefore earn up to a 10% discount.
  • More Vehicles More Savings – Having multiple cars or trucks on one policy may reduce the rate for each vehicle.
  • Pay Now and Pay Less – If paying your policy premium upfront rather than paying monthly you could save 5% or more.
  • Discount for Life Insurance – Some companies give a discount if you purchase a life insurance policy as well.
  • Defensive Driving Course – Completing a driver safety course could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Accident Forgiveness – A few companies permit an accident before raising your premiums so long as you haven’t had any claims prior to the accident.

Drivers should understand that most discounts do not apply the the whole policy. Most only apply to the cost of specific coverages such as liability and collision coverage. So even though they make it sound like all the discounts add up to a free policy, companies don’t profit that way.

Insurance companies who might offer these money-saving discounts include:

Before buying, ask every prospective company what discounts are available to you. Discounts might not apply in your area.

Don’t assume everyone needs the same coverage

When buying adequate coverage, there is no single plan that fits everyone. Everyone’s situation is a little different.

For instance, these questions might point out if your situation may require specific advice.

  • Do I need to file an SR-22 for a DUI in my state?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Do I need higher collision deductibles?
  • Is extra glass coverage worth it?
  • Am I covered if I crash into my own garage door?
  • Do I need medical payments coverage since I have good health insurance?
  • Does car insurance cover theft of personal property?

If you can’t answer these 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.

Insurance coverages explained

Learning about specific coverages of insurance can be of help when determining the best coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

Uninsured or underinsured coverage

This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your 2013 Honda Fit EV.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.

Liability insurance

This can cover damage or injury you incur to people or other property by causing an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against claims like legal defense fees, pain and suffering, attorney fees and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but buy higher limits if possible.

Comprehensive protection

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things like damage from a tornado or hurricane, vandalism, fire damage, a tree branch falling on your vehicle and hitting a bird. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Medical expense coverage

Coverage for medical payments and/or PIP pay for immediate expenses like rehabilitation expenses, nursing services and EMT expenses. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover you and your occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Collision coverage

Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like sustaining damage from a pot hole, colliding with a tree, crashing into a building, hitting a parking meter and sideswiping another vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. You can also raise the deductible in order to get cheaper collision rates.

The best insurance company isn’t always the cheapest

Insureds switch companies for any number of reasons including delays in paying claims, poor customer service, policy cancellation or even policy non-renewal. Regardless of your reason, choosing a new company can be easier than you think.

As you restructure your insurance plan, never skimp on coverage in order to save money. There have been many situations where someone sacrificed collision coverage and learned later that it was a big error on their part. The aim is to find the BEST coverage at the best price, not the least amount of coverage.

You just learned a lot of information how to get a better price on 2013 Honda Fit EV insurance. The key concept to understand is the more quotes you get, the more likely it is that you will get a better rate. You may be surprised to find that the lowest priced insurance comes from a company that doesn’t do a lot of advertising.

Helpful learning opportunities