How Much Does 2003 Honda Pilot Insurance Cost?

Nobody cherishes buying insurance, particularly when their premiums are through the roof.

Insurance companies such as State Farm, Allstate, GEICO and Progressive increase brand awareness with fancy advertisements and it is challenging if not impossible to not get sucked in by the cute commercials and effectively compare rates to find the best deal.

It’s a good idea to compare rates occasionally due to the fact that insurance rates are constantly changing. If you had the best deal for Pilot insurance two years ago there is a good chance you can find better rates now. You can find a lot of wrong information about insurance online but with this article, you’re going to get a bunch of ideas how to slash your insurance rates.

Which Insurance is Cheapest?

Most companies provide coverage price quotes directly from their websites. Getting online quotes is pretty easy as you simply enter your coverage preferences into the quote form. Behind the scenes, the company’s rating system automatically orders information on your driving record and credit history and returns a price quote. This simplifies rate comparisons, but the time required to go to different websites and fill out multiple forms is monotonous and tiresome. But it’s absolutely necessary to have as many quotes as possible if you want to find the best price possible.

The smarter way to compare rates uses one simple form to return rates from a bunch of companies at once. It saves time, reduces the work, and makes online price comparison a little more enjoyable. Immediately after submitting the form, it gets priced and you can select any one of the quote results. If a lower price is quoted, you can simply submit the application and purchase the new policy. The entire process takes 15 minutes at the most and can result in significant savings.

To save time and get comparison pricing now, simply click here to open in new window and fill out the form. If you have a policy now, it’s recommended you type in the insurance coverages exactly as shown on your declarations page. Doing this assures you will have a rate comparison for exact coverage.

Do you qualify for discounts?

Companies offering auto insurance don’t always advertise every discount in an easy-to-find place, so here is a list some of the more common as well as the least known ways to save on car insurance.

  • Life Insurance – Some companies give better rates if you take out life insurance from them.
  • Accident Waiver – Certain companies will forgive one accident before your rates go up if you are claim-free for a set time period.
  • Distant Student – Children who attend school more than 100 miles from home and do not have access to a covered vehicle can be insured at a reduced rate.
  • E-sign – A handful of insurance companies give back up to $50 for buying your policy digitally online.
  • Discount for Good Grades – Getting good grades can save 20 to 25%. The discount lasts until age 25.
  • Military Rewards – Having a deployed family member could be rewarded with lower premiums.
  • Multiple Cars – Buying insurance for all your vehicles on one policy could earn a price break for each car.
  • Defensive Driver – Completing a driver safety course could save 5% or more if your company offers it.
  • Homeowners Pay Less – Owning a home can save you money because owning a home is proof that your finances are in order.

Keep in mind that most credits do not apply to all coverage premiums. Some only reduce specific coverage prices like physical damage coverage or medical payments. Even though it may seem like adding up those discounts means a free policy, you’re out of luck.

To see a list of insurance companies with the best car insurance discounts, click this link.

Don’t assume everyone needs the same coverage

When it comes to buying proper insurance coverage, there really is no best way to insure your cars. Everyone’s situation is a little different and your policy should reflect that. For instance, these questions might help in determining if your insurance needs might need professional guidance.

  • Should I rate my 2003 Honda Pilot as pleasure use or commute?
  • When should I remove comp and collision on my 2003 Honda Pilot?
  • Do I need more liability coverage?
  • Why do I need rental car insurance?
  • Does my policy pay for OEM or aftermarket parts?
  • I have health insurance so do I need medical payments coverage?
  • Is my camper covered by my car insurance policy?
  • Who is covered by my policy?

If it’s difficult to answer those questions but you think they might apply to your situation 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 or go to this page to view a list of companies.

Lesser-known factors impacting Honda Pilot insurance rates

An important part of buying insurance is that you know some of the elements that help determine your insurance coverage rates. Understanding what controls the rates you pay allows you to make educated decisions that can help you get big savings.

The following are some of the factors companies use to determine your rates.

  • What are your deductibles? – Your deductibles represent how much money you are willing to pay in the event of a claim. Physical damage insurance, also known as collision and other-than-collision, insures against damage to your car. Some examples of claims that would be covered are colliding with a building, collision with an animal, and windstorm damage. The more the insured has to pay upfront, the lower your rates will be for Pilot insurance.
  • Add-on coverages can add up – There are a lot of extra coverages that can waste your money when buying insurance coverage. Coverages for personal injury protection, accident forgiveness and motor club memberships may be wasting your money. They may seem good at first, but if you don’t need them eliminate them to save money.
  • Discounts for married couples – Having a spouse can actually save you money on your policy. Having a spouse usually means you are more mature and statistics show married drivers get in fewer accidents.
  • Discounts for multiple policies – Most insurance companies will award you with lower prices to people who carry more than one policy in the form of a multi-policy discount. Even if you’re getting this discount you may still want to shop around to ensure the best deal. You may still be able to find a better deal by insuring with multiple companies.
  • Occupation reflects on rates – Did you know that where you work can have an impact on rates? Occupations like lawyers, social workers and stock brokers are shown to have the highest rates due to job stress and long work days. On the other hand, professions such as pilots, students and performers pay the least for Pilot insurance.
  • The more you drive the more you pay – The higher the mileage driven each year the higher your rates will be. Almost all companies charge to insure your cars determined by how the vehicle is used. Cars that are left in the garage qualify for better rates as compared to vehicles used primarily for driving to work. Improper usage on your Pilot may be wasting your money. Verify your insurance coverage declarations sheet shows the correct usage for each vehicle.
  • Men pay higher rates – The statistics show women tend to be less risk to insure than men. That doesn’t necessarily mean that men are worse drivers. Women and men have accidents in similar numbers, but the males cause more damage. They also get cited for more serious violations like DUI and reckless driving. Male drivers age 16 to 19 are several times more likely to be in an accident and therefore have the most expensive insurance coverage rates.
  • Don’t let your coverage lapse – Driving with no insurance is against the law and insurance coverage companies will penalize you for letting your insurance lapse. Not only will rates go up, failure to provide proof of insurance might get you a hefty fine and possibly a revoked license.

Do drivers who switch really save?

Insurance providers like Progressive, GEICO, Allstate and State Farm constantly bombard you with ads on television and other media. They all make an identical promise of big savings if you switch your coverage to them. How can each company claim to save you money?

Insurance companies can use profiling for the type of customer they prefer to insure. A good example of a profitable customer might be between 30 and 50, has no driving citations, and has excellent credit. A propective insured that hits that “sweet spot” receives the best rates and therefore will pay quite a bit less when switching companies.

Potential customers who don’t measure up to the “perfect” profile will be charged higher prices which usually ends up with business going elsewhere. Company advertisements say “customers that switch” not “everyone that quotes” save money. This is how companies can advertise the way they do. That is why drivers must get as many comparisons as possible. It’s just too difficult to predict which company will give you the biggest savings on Honda Pilot insurance.

Auto insurance coverage information

Knowing the specifics of a car insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be ambiguous and coverage can change by endorsement. Listed below are typical coverages available from car insurance companies.

Collision coverage protection

This covers damage to your Pilot resulting from a collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as hitting a parking meter, rolling your car, crashing into a ditch and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible to save money on collision insurance.

Liability auto insurance

This coverage provides protection from damages or injuries you inflict on people or other property. It protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 25/50/25 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability can pay for things such as legal defense fees, medical services, bail bonds, loss of income and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle from other motorists when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and also any damage incurred to your Honda Pilot.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Comprehensive insurance

Comprehensive insurance pays for damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as hitting a bird, theft, falling objects, hail damage and fire damage. The highest amount your car insurance company will pay is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage provide coverage for bills such as funeral costs, hospital visits, ambulance fees and surgery. The coverages can be used in conjunction with a 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 if you are hit as a while walking down the street. PIP is only offered in select states but can be used in place of medical payments coverage

More effort can pay off

Cost effective 2003 Honda Pilot insurance is possible from both online companies in addition to many insurance agents, and you should be comparing both to have the best rate selection. A few companies do not provide online quoting and most of the time these smaller companies sell through independent agents.

You just learned a lot of information how to reduce insurance prices online. The key thing to remember is the more price quotes you have, the better chance you’ll have of finding lower rates. You may be surprised to find that the lowest priced insurance coverage comes from a small mutual company. Some small companies may cover specific market segments cheaper as compared to the big name companies such as State Farm and Allstate.

Much more information about insurance coverage is available at the links below