Trying to find low-cost insurance for a Honda Fit can turn out to be a painful process, but you can learn a few tricks to save time. There are both good and bad ways to buy auto insurance and you need to know the absolute fastest way to compare rates for a new or used Honda and obtain the lowest price either online or from local insurance agents.
You should take the time to compare rates periodically because prices trend upward over time. Just because you had the best price for Fit insurance two years ago other companies may now be cheaper. Forget anything you know (or think you know) about auto insurance because you’re about to learn how to use online quotes to eliminate unnecessary coverages and save money.
If you have a current insurance coverage policy or are shopping for new coverage, you will benefit by learning to get lower rates while maximizing coverage. Shopping for more affordable insurance coverage is simple if you know the tricks. Vehicle owners just need to know the proper way to shop online.
Companies don’t always publicize every discount in an easy-to-find place, so we took the time to find some of the more common and the more hidden ways to save on auto insurance. If they aren’t giving you every credit you qualify for, you’re paying more than you need to.
As a disclaimer on discounts, some credits don’t apply the the whole policy. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears you could get a free auto insurance policy, companies don’t profit that way.
Insurance companies that may have these money-saving discounts are:
It’s a good idea to ask each company how you can save money. Discounts may not be available in every state.
Consumers need to have an understanding of the factors that help determine insurance rates. Having a good understanding of what determines base rates enables informed choices that can help you get lower insurance prices.
When buying adequate coverage for your personal vehicles, there really is not a “perfect” insurance plan. Every situation is different.
For example, these questions could help you determine whether your personal situation would benefit from professional advice.
If you don’t know the answers to these questions then you might want to talk to an insurance agent. To find lower rates from a local agent, simply complete this short form. It’s fast, doesn’t cost anything and you can get the answers you need.
Knowing the specifics of your policy aids in choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.
Auto liability insurance
This provides protection from injuries or damage you cause to other people or property by causing an accident. It protects YOU from claims by other people. It does not cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 100/300/100 that means you have $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.
Liability can pay for claims such as repair costs for stationary objects, funeral expenses, structural damage, court costs and medical expenses. How much liability coverage do you need? That is your choice, but consider buying as much as you can afford.
Med pay and Personal Injury Protection (PIP)
Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses like prosthetic devices, surgery, nursing services, chiropractic care and ambulance fees. They can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. They cover you and your occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not universally available and may carry a deductible
Comprehensive insurance
This will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things such as falling objects, damage from flooding, hitting a deer and theft. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Collision coverage protection
Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.
Collision can pay for claims such as rolling your car, damaging your car on a curb, backing into a parked car and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to choose a higher deductible to get cheaper collision coverage.
Uninsured/Underinsured Motorist (UM/UIM)
This gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.
Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Insureds change insurance companies for a variety of reasons including lack of trust in their agent, policy non-renewal, extreme rates for teen drivers or high rates after DUI convictions. It doesn’t matter why you want to switch switching companies is pretty easy and you might even save some money in the process.
We covered many tips how you can shop for 2008 Honda Fit insurance online. The key concept to understand is the more times you quote, the better likelihood of reducing your rate. Consumers may even find the most savings is with a company that doesn’t do a lot of advertising.
When trying to cut insurance costs, it’s not a good idea to skimp on critical coverages to save a buck or two. There are a lot of situations where an accident victim reduced liability coverage limits only to discover later they didn’t have enough coverage. The ultimate goal is to find the BEST coverage at a price you can afford, not the least amount of coverage.
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