How Much Does 2016 Honda Fit Insurance Cost?

Trying to find lower insurance coverage rates for your Honda Fit? Did a good deal turn into high-priced insurance coverage? Believe me when I say there are a lot of people just like you who feel imprisoned by their insurance coverage policy. You have multiple car insurance companies to pick from, and although it’s a good thing to have multiple companies, too many choices makes it more difficult to compare rates and cut insurance costs.

This article will tell you the best way to quote coverages and some money-saving tips. If you currently have car insurance, you should be able to lower your premiums substantially using these methods. Vehicle owners only need to know the proper methods to shop over the internet.

Discounts for cheaper insurance coverage rates

Companies don’t list all disounts very clearly, so the following list contains some of the more common in addition to some of the lesser obvious credits that may apply to you.

  • Senior Discount – Drivers over the age of 55 may be able to get a small discount on rates on Fit insurance.
  • Paperwork-free – A handful of insurance companies may give you up to $50 for signing up digitally online.
  • Telematics Data – Drivers who elect to allow data collection to monitor where and when they drive by using a small device installed in their vehicle like Drivewise from Allstate or In-Drive from State Farm could possibly reduce rates if they exhibit good driving behavior.
  • Memberships – Belonging to specific professional or occupational memberships or organizations is a simple method to lower premiums when shopping for insurance coverage.
  • Homeowners Discount – Owning your own home or condo can save a few bucks since home ownership requires a higher level of personal finance.
  • Defensive Driver Discounts – Taking part in a course that instructs on driving safety can save you 5% or more and make you a better driver.
  • Government Employees – Having worked for a branch of the government could provide a small rate reduction on Fit insurance with a few insurance coverage companies.

Consumers should know that many deductions do not apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like collision or personal injury protection. Despite the fact that it seems like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.

A list of companies and their offered discounts can be found below.

  • GEICO discounts include five-year accident-free, air bags, anti-theft, military active duty, good student, and membership and employees.
  • Mercury Insurance offers premium reductions for multi-car, ease of repair, location of vehicle, anti-theft, accident-free, professional/association, and annual mileage.
  • Farmers Insurance policyholders can earn discounts including alternative fuel, early shopping, mature driver, electronic funds transfer, youthful driver, and pay in full.
  • Auto-Owners Insurance includes discounts for company car, mature driver, group or association, anti-lock brakes, and safe driver.
  • Liberty Mutual has discounts for preferred payment discount, newly married, newly retired, new move discount, and new vehicle discount.
  • SAFECO offers discounts including safe driver, teen safety rewards, drive less, teen safe driver, and accident prevention training.
  • Progressive may have discounts that include homeowner, good student, continuous coverage, online signing, multi-policy, multi-vehicle, and online quote discount.
  • USAA may include discounts for multi-vehicle, multi-policy, family discount, annual mileage, defensive driver, and vehicle storage.

Before you buy a policy, ask every company how you can save money. Depending on the company, some discounts might not be available to policyholders in your area.

Smart buyers know how to get car insurance cheaper

Multiple criteria are part of the calculation when you get your auto insurance bill. Some are obvious such as your driving record, but others are more obscure like your continuous coverage or your financial responsibility.

  • Credit rating impacts premiums – Having a bad credit score can be a huge factor in determining premium rates. So if your credit history is not that good, you may save money insuring your 2016 Honda Fit by improving your credit score. People that have excellent credit tend to be more responsible than drivers with poor credit scores.
  • Never go without car insurance – Going without insurance is a sure-fire way to bump up your car insurance costs. Not only will rates go up, not being able to provide proof of insurance will get you fines or a revoked license. Then you may be required to prove you have insurance by filing a SR-22 with your state DMV.
  • Employer and insurance rates – Did you know your occupation can influence how much you pay for car insurance? Careers such as military personnel, business owners and accountants tend to have higher premium rates because of high stress levels and lots of time spent at work. On the other hand, occupations such as farmers, students and retirees get better rates on Fit insurance.
  • High physical damage deductibles cost less – Physical damage protection, otherwise known as comp (or other than collision) and collision, is used to repair damage to your Honda. A few examples of covered claims are running into the backend of another car, damage from fire, and rolling your vehicle. Deductibles for physical damage represent how much money you are willing to pay out-of-pocket in the event of a claim. The more of the claim you have to pay, the better rate you will receive on Fit insurance.
  • Drive fewer miles and save – Driving a lot of miles each year the more you’ll pay to insure your vehicle. A lot of insurance companies calculate rates based upon how the vehicle is primarily used. Autos left parked in the garage receive better premium rates than those used for commuting. Improper usage on your Fit may be wasting your money. It’s a good idea to make sure your policy is rated on the right rating data.
  • Only buy coverage you need – Insurance companies have many extra coverages that can add up on your car insurance policy. Coverages for roadside assistance, high-cost glass coverage, and term life insurance may be costing you every month. They may seem like a good idea at first, but if you have no use for them remove them from your policy.
  • Get better rates if married – Walking down the aisle helps lower the price on car insurance. Marriage demonstrates that you tend to be more financially stable and statistics show married drivers get in fewer accidents.

Tailor your car insurance coverage to you

When it comes to buying coverage for your personal vehicles, there is no one size fits all plan. Each situation is unique so your insurance should reflect that For example, these questions may help you determine if your situation may require specific advice.

  • Am I covered if my car is in a flood?
  • Should I sign the liability waiver when renting a car?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Am I covered when pulling a rental trailer?
  • Do I need higher collision deductibles?
  • Will my insurance pay for OEM parts?
  • Am I getting all the discounts available?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with an agent. If you don’t have a local agent, complete this form or click here for a list of car insurance companies in your area. It is quick, free and you can get the answers you need.

Misconceptions in auto insurance advertisements

Consumers can’t escape the ads that promise big savings for switching by Progressive, Allstate and GEICO. All the ads convey the message about saving some big amount if you just switch your coverage.

That’s great but how can every company charge less that you’re paying now? It’s all in how they say it.

Most companies can use profiling for the type of insured that earns them the highest profit. For example, this type of insured should be a mature driver, has no prior claims, and drives less than 5,000 miles a year. Someone that hits that “sweet spot” will get a cheap rate quote and as a result will probably save some money.

Insureds who are not a match for those standards must pay higher prices with the end result being the customer buying from someone else. If you listen closely, the ads state “people who switch” not “everybody who quotes” save the amount stated. That is how insurance companies can confidently make those claims.

Because each company has a different risk profile, drivers must get a wide range of price quotes. It’s just too difficult to predict with any certainty which company will have the best premium rates for your profile.

Insurance coverage considerations

Learning about specific coverages of your insurance policy aids in choosing which coverages you need for your vehicles. Policy terminology can be impossible to understand and reading a policy is terribly boring. Below you’ll find the usual coverages available from insurance companies.

Uninsured and underinsured coverage

This gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants as well as damage to your Honda Fit.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is very important. Frequently these coverages are similar to your liability insurance amounts.

Coverage for collisions

This pays for damage to your Fit resulting from a collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like scraping a guard rail, damaging your car on a curb and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Another option is to raise the deductible in order to get cheaper collision rates.

Comprehensive coverages

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as hitting a bird, a tree branch falling on your vehicle and damage from getting keyed. The most your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance pay for expenses such as funeral costs, ambulance fees and nursing services. They can be used in conjunction with a health insurance program 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 is not available in all states and gives slightly broader coverage than med pay

Auto liability insurance

This coverage can cover damage that occurs to other’s property or people in an accident. It protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.

Liability can pay for claims such as funeral expenses, emergency aid, repair bills for other people’s vehicles, pain and suffering and legal defense fees. How much liability coverage do you need? That is up to you, but buy as large an amount as possible.

Money doesn’t grow on trees

When you buy auto insurance online, it’s very important that you do not reduce needed coverages to save money. In many instances, someone sacrificed liability coverage limits and discovered at claim time that their decision to reduce coverage ended up costing them more. The aim is to find the BEST coverage at an affordable rate, but do not skimp to save money.

We just presented many ways to get a better price on 2016 Honda Fit insurance. It’s most important to understand that the more price quotes you have, the better your comparison will be. You may be surprised to find that the best rates are with a lesser-known regional company. Some small companies may often insure only within specific states and give getter rates as compared to the big name companies such as State Farm or Progressive.

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