Lower Your 1998 Honda Passport Insurance Cost

Did you make the mistake of buying an overpriced auto insurance policy? Believe me, many drivers have buyer’s remorse. Big companies like State Farm, Progressive and Geico persitently shower you with ad campaigns and it is difficult to see through the cute green geckos and mayhem and take the time to shop coverage around.

It’s smart to compare prices at least once a year because rates are usually higher with each renewal. Even if you think you had the best premium rates for Passport coverage six months ago you can probably find a better price now. Ignore everything you know about auto insurance because you’re about to find out the easiest way to save money, get proper deductibles and limits, all at the lowest rate.

If you have a policy now or need new coverage, you can use these tips to get lower rates and possibly find even better coverage. Buying car insurance is quite easy. Vehicle owners only need an understanding of the tricks to buy car insurance on the web.

Discounts for lower-cost car insurance quotes

Auto insurance companies do not advertise every disount available very well, so the list below gives a summary of some of the best known and the more hidden discounts that may be available.

• Low Miles Discount – Maintaining low annual mileage can qualify you for lower prices on the low mileage vehicles.
• Payment Discounts – If you pay your entire premium ahead of time rather than paying in monthly installments you can avoid monthly service charges.
• College Student – Kids who are enrolled in higher education away from home without a vehicle on campus may qualify for this discount.
• Multiple Policy Discount – If you can combine your auto and home policy with one company you could get a discount of up to 20% and get you cheaper insurance.
• No Claims – Claim-free drivers can earn big discounts as compared to bad drivers.
• Good Driver Discounts – Accident-free drivers may receive a discount up to 45% for Passport coverage than drivers with accidents.
• Employee of Federal Government – Simply working for the federal government could cut as much as 10% off for Passport coverage but check with your company.

A little disclaimer on discounts, most discount credits are not given to your bottom line cost. Most cut the cost of specific coverages such as comp or med pay. So even though it sounds like you could get a free car insurance policy, companies don’t profit that way.

Large car insurance companies and their possible discounts are outlined below.

• State Farm policyholders can earn discounts including passive restraint, defensive driving training, anti-theft, Drive Safe & Save, and driver’s education.
• Farmers Insurance offers discounts including multi-car, distant student, youthful driver, early shopping, business and professional, pay in full, and teen driver.
• Progressive has savings for multi-vehicle, online signing, online quote discount, homeowner, and continuous coverage.
• Geico may have discounts that include air bags, emergency military deployment, seat belt use, good student, membership and employees, daytime running lights, and multi-vehicle.
• Auto-Owners Insurance may include discounts for good student, teen driver, anti-theft, paid in full, and group or association.
• The Hartford includes discounts for good student, driver training, anti-theft, air bag, defensive driver, bundle, and vehicle fuel type.
• Farm Bureau may offer discounts for renewal discount, driver training, 55 and retired, safe driver, and youthful driver.
• USAA discounts include loyalty savings, multi-vehicle, multi-policy, good student, vehicle storage, new vehicle, and driver training.

When getting a coverage quote, ask every insurance company how many discounts you can get. Some discounts listed above might not be offered in your area. If you would like to choose from a list of providers that offer multiple discounts, follow this link.

The quickest method to compare insurance rates from multiple companies takes advantage of the fact car insurance companies actually pay money for the chance to compare rate quotes. All you need to do is provide details such as your job, the make and model of your vehicles, whether you have decent credit, and if you require a SR-22. Your details gets transmitted to insurance carriers in your area and they provide comparison quotes instantly to find the best rate.

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How car insurance companies determine Honda Passport insurance rates

Lots of things are used in the calculation when pricing auto insurance. Some are pretty understandable such as your driving record, but other factors are more obscure such as your marital status or your vehicle rating.

Shown below are just a few of the factors utilized by car insurance companies to help set prices.

• Does your vocation raise your prices? – Careers like military personnel, business owners and miners generally pay higher premium rates because of high stress and long work days. On the other hand, occupations such as farmers, students and retirees have lower than average premiums for Passport coverage.
• Insurance rates and driver gender – Statistics demonstrate women tend to be less risk to insure than men. It does not mean females are better drivers. They both are responsible for fender benders in similar numbers, but the men cause more damage. Men also tend to get ticketed for serious violations like reckless driving and DUI.
• Good drivers pay less – Even a single speeding ticket or other violation may increase your cost by twenty percent. Drivers who don’t get tickets have lower premiums than their less careful counterparts. Drivers who have gotten multiple citations like reckless driving, hit and run or driving under the influence may be required to complete a SR-22 to the state department of motor vehicles in order to legally drive a vehicle.
• Choose high safety ratings and save – Vehicles with high crash test scores tend to have better insurance rates. The safest vehicles reduce injuries and fewer serious injuries translates into fewer and smaller insurance claims which can mean better rates for you. If your Honda Passport has ratings of a minimum four stars on Safercar.gov you may be receiving a better rate.
• Driver age impacts premiums – More experienced drivers are more responsible, statistically cause fewer accidents and get fewer tickets.Inexperience drivers are known to be inattentive when at the wheel of a vehicle so insurance rates are higher.
• High credit scores save money – Credit score will be a significant factor in determining what you pay. Drivers who have high credit scores tend to be better risks to insure than drivers with poor credit scores. If your credit score can be improved, you could potentially save money when insuring your 1998 Honda Passport by improving your rating.

You may need specialized insurance coverage coverage

When it comes to buying coverage, there is no single plan that fits everyone. Every situation is different so this has to be addressed. For instance, these questions may help highlight if your situation might need professional guidance.

• What is covered by UM/UIM coverage?
• Which is better, split liability limits or combined limits?
• Am I covered if I drive in a foreign country?
• Am I missing any policy discounts?
• Do I need motorclub coverage?
• Can I rate high risk drivers on liability-only vehicles?
• Do I have coverage for damage caused while driving under the influence?
• When should I buy a commercial auto policy?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and can help protect your family.

Big names are not always cheapest

Consumers can’t avoid all the ads that promise big savings from companies such as Progressive, Geico, Allstate and State Farm. They all advertise the message about saving some big amount just by switching to their company.

How does each company say the same thing? Here is how they do it.

Insurance companies quote the lowest rates for the type of driver they prefer to insure. For example, this type of insured should be married and over the age of 30, owns their home, and has a high credit rating. A propective insured who meets those qualifications will get low premium rates and will probably save a lot if they switch.

Drivers who fall short of this ideal profile will get higher rates and ends up with the driver buying from a lower-cost company. If you listen to the ad wording, they say “drivers that switch” but not “all drivers who get quotes” save that kind of money. That’s the way insurance companies can confidently claim big savings.

Each company has different criteria, so drivers should get as many free insurance quotes as possible. It is just not possible to predict which auto insurance company will have the best prices.

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Specifics of your insurance policy

Understanding the coverages of your policy aids in choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. These are the usual coverages found on the average insurance policy.

Collision protection

This pays for damage to your Passport caused by collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like crashing into a ditch, scraping a guard rail, sustaining damage from a pot hole, backing into a parked car and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Comprehensive protection

This pays for damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like hail damage, a tree branch falling on your vehicle and rock chips in glass. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical expense coverage

Coverage for medical payments and/or PIP provide coverage for bills for things like surgery, EMT expenses, prosthetic devices and pain medications. They are often utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Uninsured or underinsured coverage

This protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is very important. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Liability insurance

This provides protection from damages or injuries you inflict on a person or their property by causing an accident. This insurance protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Occasionally you may see a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims like medical expenses, loss of income and legal defense fees. The amount of liability coverage you purchase is your choice, but buy as much as you can afford.

Don’t throw your cash in the trash

We’ve covered a lot of ways to reduce 1998 Honda Passport insurance premium rates online. The key thing to remember is the more companies you get prices for, the higher your chance of finding cheaper insurance. You may be surprised to find that the lowest premium rates come from a small local company. These companies may cover specific market segments cheaper compared to the large companies like Progressive or Geico.

Low-cost 1998 Honda Passport insurance can be bought on the web and from local insurance agents, and you need to comparison shop both in order to have the best price selection to choose from. Some insurance companies may not offer rates over the internet and many times these regional insurance providers sell through independent agencies.

As you quote insurance, it’s a bad idea to buy lower coverage limits just to save a few bucks. In many cases, someone dropped liability limits or collision coverage and learned later that a couple dollars of savings turned into a financial nightmare. Your goal is to find the BEST coverage for the lowest cost while not skimping on critical coverages.

Other resources

• Things to Know Before you Cancel Insurance (Allstate)
• Coverage Information (Progressive Insurance)
• Understanding Rental Car Insurance (Insurance Information Insitute)
• Cellphones, Texting and Driving (iihs.org)
• Older Driver Statistics (Insurance Information Insitute)

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