How Much Does 2009 Honda Fit Insurance Cost?

Paying for high-priced Honda Fit insurance can empty your bank account and make it impossible to make ends meet. Shopping your coverage around is free, only takes a few minutes, and is a good way to help make ends meet.

With so many choices, it is hard for the average consumer to locate the lowest cost insurer.

Consumers should take time to get comparison quotes occasionally since rates change frequently. Even if you think you had the best price on Fit coverage last year other companies may now be cheaper. Ignore everything you know about insurance coverage because we’re going to demonstrate the proper way to eliminate unnecessary coverages and save money.

Auto Insurance Prices Online

There are several ways to compare quotes from different insurance companies. The easiest way to find the cheapest 2009 Honda Fit insurance rates is to use the internet to compare rates. This is very easy and can be done in just a few minutes using one of these methods.

  • The easiest and least time consuming way consumers can analyze rates would be an industry-wide quote request form click here to open form in new window. This method keeps you from doing separate quote forms for every auto insurance company. Completing one form will get you rate comparisons instantly.
  • A different way to obtain and compare quotes online is to take the time to go to the website of each company and fill out their own quote form. For examples sake, we’ll pretend you want to compare Nationwide, Farmers and Travelers. You would have to take the time to go to each site to enter your coverage information, which is why most consumers use the first method.

    To view a list of companies in your area, click here.

Whichever method you choose, make darn sure you compare apples-to-apples deductibles and coverage limits on every quote. If you use different liability limits you can’t possibly determine the best price for your Honda Fit. Quoting even small variations in limits can result in a big premium difference. Just keep in mind that comparing more company’s prices provides better odds of finding a lower rate.

Do you really save 40% when you switch?

Allstate and Progressive regularly use ads in print and on television. All the companies make an identical promise that you can save if you move your coverage to them. How does each company say the same thing?

All companies have a preferred profile for the type of driver that earns them a profit. For example, a profitable customer could be over the age of 50, has no prior claims, and has a high credit rating. A customer getting a price quote who meets those qualifications receives the best rates and most likely will save when they switch companies.

Drivers who don’t meet the “perfect” profile will have to pay higher premiums and ends up with business going elsewhere. Company advertisements say “drivers who switch” not “everybody who quotes” save that kind of money. That’s the way companies can claim big savings. Because of the profiling, drivers should get quotes from several different companies. It’s not possible to predict the company that will provide you with the cheapest Honda Fit insurance rates.

Do you qualify for a discount?

Companies offering auto insurance do not advertise every discount very well, so here is a list both well-publicized and the harder-to-find savings tricks you should be using.

  • New Car Discount – Buying coverage on a new vehicle can cost up to 25% less compared to insuring an older model.
  • Early Switch Discount – Some companies give discounts for signing up prior to your current policy expiration. It’s a savings of about 10%.
  • Safety Course Discount – Successfully completing a course in driver safety could save 5% or more and easily recoup the cost of the course.
  • Clubs and Organizations – Affiliation with a qualifying organization may earn a discount when buying insurance on Fit coverage.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and earn discounts up to 10%.
  • Life Insurance Discount – Larger companies have a discount if you purchase a life insurance policy as well.
  • Lower Rates for Military – Having a family member in the military could mean lower rates.
  • Low Mileage – Low mileage vehicles can earn discounted rates on garaged vehicles.
  • Anti-lock Brakes – Cars that have steering control and anti-lock brakes can avoid accidents and will save you 10% or more.

It’s important to understand that most discounts do not apply to the overall cost of the policy. Most only reduce specific coverage prices like physical damage coverage or medical payments. Just because you may think all those discounts means the company will pay you, it doesn’t quite work that way.

Insurance companies that possibly offer these discounts include:

Check with each company which discounts they offer. Discounts might not apply in every state.

What coverages do I need?

When it comes to buying adequate coverage, there really is no perfect coverage plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. Here are some questions about coverages that might help in determining whether or not you might need an agent’s assistance.

  • Do I need PIP (personal injury protection) coverage in my state?
  • Does my 2009 Honda Fit need full coverage?
  • Does my policy cover my teen driver if they drive my company car?
  • Should I buy full coverage?
  • Does my policy cover me when driving someone else’s vehicle?
  • Are my friends covered when driving my car?
  • How much liability do I need to cover my assets?
  • Does my personal policy cover me when driving out-of-state?
  • Can I rent a car in Mexico?
  • How much can I save by bundling my policies?

If you don’t know the answers to these questions then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area.

Specific coverage details

Knowing the specifics of car insurance can help you determine which coverages you need and proper limits and deductibles. Car insurance terms can be difficult to understand and coverage can change by endorsement. Shown next are typical coverages found on most car insurance policies.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills like pain medications, prosthetic devices and chiropractic care. They can be used to cover expenses not covered by your health insurance plan or if you do not have health coverage. They cover all vehicle occupants as well as being hit by a car walking across the street. PIP is only offered in select states and may carry a deductible

Coverage for collisions

This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as driving through your garage door, crashing into a building and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. You can also choose a higher deductible in order to get cheaper collision rates.

Comprehensive coverages

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like damage from a tornado or hurricane, a broken windshield and damage from flooding. The maximum payout a car insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Liability car insurance

This coverage provides protection from damage or injury you incur to other’s property or people. It protects you from legal claims by others. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 25/50/25 which stand for $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability insurance covers claims like attorney fees, loss of income, funeral expenses and repair costs for stationary objects. The amount of liability coverage you purchase is a personal decision, but you should buy as much as you can afford.

Uninsured and underinsured coverage

This coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Be a money saver!

We just covered a lot of information how to shop for 2009 Honda Fit insurance online. The most important thing to understand is the more rate quotes you have, the better chance you’ll have of finding lower rates. Consumers could even find that the most savings is with a company that doesn’t do a lot of advertising. These smaller insurers may only write in your state and offer lower rates as compared to the big name companies such as State Farm or Progressive.

Low-cost insurance is available from both online companies and with local insurance agents, so compare prices from both to get a complete price analysis. Some insurance companies do not offer the ability to get a quote online and these small insurance companies work with independent agents.

As you shop your coverage around, it’s a bad idea to reduce coverage to reduce premium. There have been many cases where someone sacrificed liability coverage limits only to discover later that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase plenty of coverage at an affordable rate while still protecting your assets.

Additional insurance coverage information is available below: