Cheaper 2005 Honda Insight Car Insurance Cost

Want the cheapest insurance rates for your Honda Insight? Have you finally had enough of trying to scrape together enough money to keep your car insured? You are in the same boat as many other drivers. Because you have many choices, it’s nearly impossible to choose the most cost effective insurance company.

Discount auto insurance quotes

Insurance can cost an arm and a leg, but there could be significant discounts that many people don’t even know exist. Certain discounts will be triggered automatically at the time you complete a quote, but lesser-known reductions have to be asked about prior to receiving the credit. If you are not receiving all the discounts you qualify for, you could be getting lower rates.

• Discount for Good Grades – Being a good student can earn a discount of 20% or more. The good student discount can last up until you turn 25.
• Defensive Driver Discount – Taking time to complete a course in defensive driving could possibly earn you a 5% discount and easily recoup the cost of the course.
• Distant Student Discount – College-age children who are enrolled in a college that is more than 100 miles from home and do not have a car can receive lower rates.
• Sign Early and Save – A few auto insurance companies allow discounts for switching policies prior to the expiration date on your current policy. Ten percent is about the average savings.
• Use Seat Belts – Using a seat belt and requiring all passengers to buckle up can save a little off PIP or medical payments premium.
• Homeowners Pay Less – Simply owning a home can get you a discount because it is proof that your finances are in order.

Just know that some of the credits will not apply to the entire policy premium. Some only reduce individual premiums such as collision or personal injury protection. So when it seems like you can get free auto insurance, it’s just not the way it works.

A few companies that may include most of these discounts may include but are not limited to:

• Geico
• MetLife
• Progressive
• Travelers
• SAFECO
• AAA

It’s a good idea to ask each company or agent to apply every possible discount. Discounts may not apply in every state.

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Tailor your auto insurance coverage to you

When choosing adequate coverage, there really is not a one size fits all plan. Every insured’s situation is different so your insurance needs to address that. For instance, these questions may help you determine whether or not you would benefit from an agent’s advice.

• Is there coverage for injuries to my pets?
• Does my policy cover me when driving someone else’s vehicle?
• Do I get a pro-rated refund if I cancel my policy early?
• Do I pay less for low miles?
• Will I lose any money if I cancel my policy before it expires?
• Are there companies who specialize in insuring high-risk drivers?
• I have a DUI can I still get coverage?
• Why does it cost so much to insure a teen driver?
• Does my personal policy cover me when driving out-of-state?

If you’re not sure about those questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.

Are insurance companies telling the truth?

Consumers can’t ignore all the ads for cheaper insurance by companies like State Farm and Allstate. All the ads say the same thing that people will save just by moving your policy.

But how can every company say the same thing? Here is how they do it.

Different companies require specific criteria for a prospective insured that earns them a profit. For instance, a desirable risk might have to be between the ages of 40 and 55, has few claims, and drives a safe vehicle. Anyone that fits those parameters may get the lowest premium rates and have a good chance to save a lot of money.

Insureds who cannot meet the ideal profile will get more expensive rates which usually ends up with business going elsewhere. Company advertisements say “customers who switch” not “everybody who quotes” save that much when switching. That is how companies can make claims like that.

Each company has different criteria, so you really need to get car insurance quotes as often as possible. It’s just not possible to know which insurance companies will have the lowest car insurance rates for your situation.

Insurance coverage breakdown

Learning about specific coverages of insurance helps when choosing appropriate coverage and proper limits and deductibles. Insurance terms can be confusing and nobody wants to actually read their policy. Listed below are the usual coverages offered by insurance companies.

Medical expense coverage

Med pay and PIP coverage reimburse you for bills for things like pain medications, X-ray expenses, hospital visits and funeral costs. They are used to fill the gap from your health insurance policy or if you do not have health coverage. It covers you and your occupants and will also cover any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Liability

Liability coverage can cover damage that occurs to a person or their property. It protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims like structural damage, medical services, repair costs for stationary objects and court costs. How much coverage you buy is up to you, but it’s cheap coverage so purchase higher limits if possible.

Collision insurance

This covers damage to your Insight resulting from a collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like sideswiping another vehicle, damaging your car on a curb, hitting a parking meter and rolling your car. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. You can also choose a higher deductible to bring the cost down.

Comprehensive protection

This pays for damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like a broken windshield, falling objects, a tree branch falling on your vehicle and damage from a tornado or hurricane. The maximum amount your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Honda Insight.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

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Do the work, save more money

In this article, we presented a lot of ways to save on 2005 Honda Insight insurance. It’s most important to understand that the more times you quote, the more likely it is that you will get a better rate. Consumers could even find that the lowest rates are with a lesser-known regional company. Smaller companies may often insure only within specific states and give getter rates compared to the large companies like Progressive and Geico.

Budget-friendly insurance coverage is available from both online companies in addition to many insurance agents, and you need to price shop both to have the best chance of lowering rates. Some insurance providers do not offer rate quotes online and these regional insurance providers sell through local independent agents.

To read more, take a look at the resources below:

• Prom Night Tips for Teen Drivers (State Farm)
• Smart Auto Insurance Tips (Insurance Information Insitute)
• Child Safety Seats (Insurance Information Insitute)
• Speed and Speed Limit FAQ (iihs.org)

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