How Much Does 2002 Honda Passport Insurance Cost?

Purchasing the lowest cost car insurance online may be somewhat difficult for consumers not familiar with buying insurance online. With such a large number of insurers available, how can you have a chance to compare them all to find the cheapest rates?

You need to compare rates on a regular basis because insurance rates are variable and change quite frequently. Even if you got the best price on Passport coverage six months ago you can probably find a better price now. There is a lot of bad advice regarding car insurance online, so we’re going to give you some great ideas on how to find affordable car insurance.

Insurance Prices

To find the best insurance prices, there are several ways to compare rate quotes and find the best price. The easiest way to compare 2002 Honda Passport insurance prices is to get quotes online. This is very easy and can be done in just a few minutes using one of these methods.

  • The fastest way to get the best comparison quotes is to use a rate comparison form (click to open form in new window). This type of form keeps you from doing repetitive form submissions for each company. One form compares rates from many national carriers. It’s the fastest way to compare.
  • A less efficient way to find lower rates is to take the time to go to each individual company website and fill out their own quote form. For instance, we’ll pretend you want comparison quotes from Allstate, Geico and GMAC. To find out each rate you need to visit each site to input your insurance information, which is why the first method is more popular. For a list of links to insurance companies in your area, click here.

Whichever method you choose, ensure you’re using apples-to-apples coverage limits with each company. If you compare different limits and deductibles on each one it’s not possible to find the best deal for your Honda Passport. Quoting even small variations in coverages can result in a big premium difference. Keep in mind that more quotes will increase your chances of finding the best rates.

How can State Farm, Geico and Progressive save drivers who switch?

Companies like State Farm, Geico and Progressive regularly use ads in print and on television. All the ads say the same thing that you’ll save big if you move your policy. How does each company claim to save you money?

Insurance companies can use profiling for the type of customer that makes them money. An example of a driver they prefer could be over the age of 40, a clean driving record, and has great credit. A driver who fits that profile receives the best rates and is almost guaranteed to save when they switch companies.

Drivers who don’t meet the “perfect” profile must pay a higher premium which leads to the driver buying from a lower-cost company. Company advertisements say “customers that switch” not “everyone that quotes” save that kind of money. That’s the way companies can truthfully make the claims of big savings.

This illustrates why drivers should get a wide range of price quotes. You cannot predict the company that will give you the biggest savings on Honda Passport insurance.

Parts of the Honda Passport rate equation

Consumers need to have an understanding of the rating factors that help determine the price you pay for auto insurance. Understanding what impacts premium levels helps enable you to make changes that could result in better auto insurance rates.

The following are some of the factors that factor into premiums.

  • Do you need the policy add-ons? – There are a lot of extra bells and whistles that you can buy on your Passport policy. Coverages for rental car reimbursement, towing coverage and membership fees may be wasting your money. These coverages may sound good initially, but your needs may have changed so eliminate them to save money.
  • Consolidate policies to earn discounts – The majority of auto insurance companies will award you with lower prices to insureds who consolidate policies with them. It’s known as a multi-policy discount. Discounts can add up to ten or even up to twenty percent in some cases. Even though this discount sounds good, it’s still a good idea to compare rates to ensure the best deal. Consumers may find a better deal by buying insurance from more than one company.
  • Car features impact rates – Owning a car with a theft deterrent system can help lower your rates. Theft prevention features like GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent auto theft.
  • Rural vs Urban Areas – Being located in a small town can save you money when talking about auto insurance. Less people living in that area means a lower chance of having an accident. Drivers who live in large cities have traffic congestion and longer commutes to work. More time commuting translates into higher accident risk.
  • Battle of the sexes – The statistics show that men are more aggressive behind the wheel. That doesn’t necessarily mean that women are better drivers. Women and men have accidents in similar percentages, but the men cause more damage. Men also statistically get more serious tickets like reckless driving and DUI. Youthful male drivers are the most expensive to insure and therefore have the most expensive auto insurance rates.
  • Frequent auto insurance claims increase rates – If you frequently file small claims, you can pretty much guarantee either higher rates or even cancellation. Car insurance companies award discounts to drivers who do not file claims often. Car insurance is meant to be used in the event of the large, substantial claims.
  • Poor credit can mean higher rates – A driver’s credit history is a huge factor in determining your rates. If your credit is not that good, you could pay less to insure your 2002 Honda Passport by improving your rating. Consumers who have high credit ratings tend to be less risk to insure than drivers with lower credit scores.

Discounts to lower Honda Passport insurance rates

Properly insuring your vehicles can get expensive, but discounts can save money and there are some available to help offset the cost. Larger premium reductions will be automatically applied when you complete an application, but a few need to be requested specifically in order for you to get them.

  • 55 and Retired – If you qualify as a senior citizen, you can possibly qualify for a small decrease in premiums on Passport coverage.
  • Use Seat Belts – Requiring all passengers to use a seat belt could cut 10% or more on the medical payments or PIP coverage costs.
  • Discount for Swiching Early – A few companies offer discounts for buying a policy prior to your current policy expiration. The savings is around 10%.
  • Driver’s Ed – Require your teen driver to complete a driver education course if offered at their school.
  • Homeowners Pay Less – Owning a house can save you money because of the fact that having a home demonstrates responsibility.
  • Good Student – A discount for being a good student can save 20 to 25%. Earning this discount can benefit you until age 25.
  • Discount for Life Insurance – Larger companies have a discount if you purchase life insurance.
  • Distant Student – Any of your kids who are attending college and don’t have a car can receive lower rates.

It’s important to note that many deductions do not apply to all coverage premiums. Some only apply to the cost of specific coverages such as liability and collision coverage. So when it seems like you could get a free insurance coverage policy, you’re out of luck. But all discounts will bring down your premiums.

Companies that may have these benefits include:

Before buying, ask each company which discounts you may be entitled to. Some discounts might not apply in your area.

Tailor your coverage to you

When it comes to choosing the right insurance coverage, there is no best way to insure your cars. Everyone’s situation is a little different.

For instance, these questions might point out if your situation would benefit from an agent’s advice.

  • Does liability extend to a camper or trailer?
  • Am I covered when using my vehicle for business?
  • Should I waive the damage coverage when renting a car?
  • Do I need replacement cost coverage?
  • Does insurance cover tools stolen from my truck?
  • Is my custom paint covered by insurance?
  • What is the rate difference between pleasure use and commuting?
  • What is medical payments coverage?

If you can’t answer these questions, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form.

Auto insurance 101

Having a good grasp of a auto insurance policy can help you determine which coverages you need at the best deductibles and correct limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy.

Comprehensive (Other than Collision)

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as hitting a bird, fire damage and theft. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision insurance

This pays for damage to your Passport caused by collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like hitting a mailbox, crashing into a building, hitting a parking meter, rolling your car and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. You can also choose a higher deductible to save money on collision insurance.

Liability car insurance

This coverage protects you from injuries or damage you cause to other’s property or people in an accident. This insurance protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against claims such as structural damage, emergency aid and legal defense fees. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Protection from uninsured/underinsured drivers

This gives you protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Honda Passport.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently these coverages are similar to your liability insurance amounts.

Medical expense insurance

Coverage for medical payments and/or PIP provide coverage for bills for things like hospital visits, pain medications, EMT expenses, funeral costs and dental work. The coverages can be utilized in addition to your health insurance program or if you do not have health coverage. Medical payments and PIP cover you and your occupants in addition to getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Cheaper insurance is a realistic goal

Throughout this article, we presented a lot of tips how to lower your 2002 Honda Passport insurance rates. The most important thing to understand is the more you quote, the better chance you’ll have of finding lower rates. Consumers could even find that the lowest priced auto insurance comes from a lesser-known regional company.

People change insurance companies for many reasons like an unsatisfactory settlement offer, being labeled a high risk driver, policy cancellation and even policy non-renewal. No matter why you want to switch, finding a new auto insurance company is easier than you think.

As you restructure your insurance plan, you should never skimp on coverage in order to save money. Too many times, an insured cut liability limits or collision coverage only to regret at claim time that the few dollars in savings costed them thousands. Your focus should be to get the best coverage possible at an affordable rate while still protecting your assets.

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