Cheaper 2011 Honda Fit Insurance Cost

Are you irritated from paying out the nose to pay your auto insurance bill each month? You’re in the same situation as the majority of other consumers. Because you have many online and local companies to choose from, it can be impossible to find the cheapest insurer.

Consumers need to compare rates before your policy renews since insurance rates fluctuate regularly. Despite the fact that you may have had the lowest premium rates on Fit insurance a year ago you can probably find a better price now. There is a lot of bad advice regarding auto insurance online, but I’m going to show you the easiest ways to slash your auto insurance rates.

Six things that impact your insurance premiums

Lots of things are part of the equation when pricing auto insurance. Some factors are common sense such as your driving record, but other factors are less obvious such as whether you are married or your vehicle rating.

• Being married is a bonus – Walking down the aisle can actually save you money on insurance coverage. Having a spouse means you’re more responsible and it’s statistically proven that married drivers tend to file fewer claims.
• Rural areas have lower prices – Residing in areas with lower population can save you money when trying to find low car insurance rates. Less people living in that area means fewer accidents and lower theft and vandalism rates. Urban drivers regularly have congested traffic and much longer commute distances. More time behind the wheel means higher likelihood of an accident.
• Your occupation may affect prices – Careers like fire fighterspolice officers and stock brokers tend to have higher rates than average attributed to job stress and long work hours. On the flip side, jobs like actors, students and performers generally pay rates lower than average on Fit insurance.
• Older drivers pay less – Inexperience drivers have been known to get distracted easily in a vehicle so they pay higher insurance coverage rates. Parents adding a youthful driver onto your insurance coverage can increase premiums substantially. Older insureds are viewed as being more responsible, file fewer claims and get fewer tickets.
• Drive a safer car and pay less – Safer cars cost less to insure. Safer cars have better occupant injury protection and better occupant protection translates into savings for insurance companies passed on to you as lower rates.
• Always have insurance coverage – Letting your insurance expire is a fast way to increase your renewal premiums. In addition to paying higher rates, being ticketed for driving with no insurance may result in a steep fine or even jail time. Then you may be required to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department to get your license reinstated.

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How to lower your insurance cost

Getting cheaper 2011 Honda Fit insurance pricing is not rocket science. You just need to take the time to compare free insurance quotes to find out which insurance company has inexpensive insurance quotes. Shoppers can get rates using one of these methods.

1. The fastest and easiest way to get quotes for comparison is a comparison rater form (click to open form in new window). This style of form prevents you from having to do separate forms for every company. One form compares rates from several companies.
2. A different way to shop for insurance online requires a visit to each company website to complete a price quote. For instance, we’ll pretend you are doing a rate comparison from Progressive, Liberty Mutual and GMAC. You would need to go to each individual site and punch in your information repeatedly, which can get rather old. To view a list of companies in your area, click here.
3. The least efficient method to comparison shop is to waste gas driving to local insurance agencies. Shopping for insurance online makes this unnecessary unless you have a need for the professional advice that you can only get from talking to an agent. Some companies do allow you to get the lowest quotes online but buy the policy through an agent.

It doesn’t matter which method you choose, just be sure you’re using apples-to-apples coverages on every quote. If you compare different coverage information it will be very difficult to determine which company has the best rates.

Don’t overlook these insurance discounts

Some insurers do not advertise their entire list of discounts in an easy-to-find place, so we break down some of the more common in addition to some of the lesser obvious discounts that you can inquire about if you buy insurance online.

• Senior Citizen Rates – Older drivers are able to get better insurance rates on Fit insurance.
• Discount for Life Insurance – If the company offers life insurance, you could get lower premium rates if you buy a life policy as well.
• Theft Deterent System – Cars and trucks with anti-theft systems help deter theft and therefore earn up to a 10% discount.
• Military Deployment Discount – Being deployed with a military unit could be rewarded with lower rates.
• Discounts for Multiple Vehicles – Insuring several vehicles with the same insurance company can reduce the rates for all insured vehicles.
• Student Discounts – Being a good student could provide a savings of up to 20% or more. Many companies even apply the discount to college students until age 25.
• Driver Safety – Completing a safe driver course can save you 5% or more and easily recoup the cost of the course.
• Low Mileage Discounts – Low annual miles could qualify for lower premium rates due to less chance of an accident.

A quick disclaimer, most of the big mark downs will not be given to your bottom line cost. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. So even though they make it sound like having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.

If you would like to choose from a list of providers with the best discounts, click here.

When to get professional advice

When choosing the right insurance coverage, there is no cookie cutter policy. Every situation is different and your policy should reflect that. For instance, these questions can help discover if your insurance needs might need an agent’s assistance.

• Am I covered when driving someone else’s vehicle?
• Do I need special endorsements for business use of my vehicle?
• What should my uninsured motorist coverage limits be in my state?
• Is other people’s property covered if stolen from my vehicle?
• Where can I find high-risk insurance?
• Are all vehicle passengers covered by medical payments coverage?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It is quick, free and you can get the answers you need.

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Car insurance coverages for a 2011 Honda Fit

Learning about specific coverages of your insurance policy helps when choosing the right coverages and the correct deductibles and limits. Insurance terms can be ambiguous and coverage can change by endorsement. Shown next are typical coverage types offered by insurance companies.

Collision coverages – This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things such as damaging your car on a curb, crashing into a building, scraping a guard rail and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. It’s also possible to increase the deductible in order to get cheaper collision rates.

Comprehensive protection – Comprehensive insurance coverage covers 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 coverage pays for things like hitting a deer, damage from flooding, theft, damage from getting keyed and falling objects. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Medical expense coverage – Medical payments and Personal Injury Protection insurance kick in for expenses such as funeral costs, surgery, doctor visits and pain medications. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and may carry a deductible

Uninsured or underinsured coverage – This provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Honda Fit.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Most of the time these coverages do not exceed the liability coverage limits.

Liability insurance – Liability insurance protects you from damages or injuries you inflict on other’s property or people in an accident. This insurance protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for claims such as pain and suffering, repair costs for stationary objects, medical expenses, loss of income and court costs. How much liability coverage do you need? That is a personal decision, but you should buy as high a limit as you can afford.

Make an honest buck

When trying to cut insurance costs, don’t be tempted to reduce coverage to reduce premium. In many instances, someone sacrificed full coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to purchase plenty of coverage at the best price but still have enough coverage for asset protection.

Throughout this article, we presented some good ideas how you can shop for 2011 Honda Fit insurance online. It’s most important to understand that the more rate comparisons you have, the better likelihood of getting the cheapest insurance. You may even find the lowest priced auto insurance comes from the smaller companies. They may cover specific market segments cheaper compared to the large companies like Allstate, Geico and Progressive.

Budget-conscious 2011 Honda Fit insurance is definitely available online and from local insurance agents, so you should be comparing quotes from both to get a complete price analysis. Some insurance providers don’t offer rates over the internet and these smaller providers only sell through independent insurance agents.

Helpful information

• What Determines the Price of My Auto Insurance Policy? (Insurance Information Insitute)
• Red Light Cameras (State Farm)
• Airbag FAQ (iihs.org)
• Side Impact Crash Tests (iihs.org)
• Prom Night Tips for Teen Drivers (State Farm)

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