Cheap 2008 Honda Fit Car Insurance Rates

Searching for cheaper insurance coverage rates for your Honda Fit? Online rate comparisons for cheap insurance can seem difficult if you are one of the millions of people new to online price quotes. But don’t be overwhelmed because finding better rates is actually fairly simple.

If you are paying for car insurance now, you should be able to lower your premiums substantially using these techniques. This information will introduce you to how to effectively get price quotes and some tips to save money. But drivers do need to know how companies sell online and use this information to your advantage.

Don’t overlook these insurance discounts

Companies that sell car insurance do not list every discount in a way that’s easy to find, so the next list breaks down a few of the more common and the more hidden credits available to bring down your rates.

• Accident-Free Discounts – Drivers with accident-free driving histories are rewarded with significantly better rates on insurance quote as compared to insureds who have frequent claims or accidents.
• Early Renewal Discounts – A few larger companies offer discounts for buying a policy before your current policy expires. It can save you around 10%.
• Student Driver Training – Teen drivers should take driver’s ed class as it will make them better drivers and lower rates.
• Passive Restraint Discount – Factory air bags or automatic seat belts may qualify for discounts of up to 25% or more.
• Policy Bundle Discount – If you can bundle your auto and home insurance with one company you may save at least 10 to 15 percent or more.
• Defensive Driving Course – Passing a safe driver course may get you a small discount and easily pay for the cost of the class.

Consumers should know that some credits don’t apply to the entire cost. Most only cut individual premiums such as comp or med pay. So even though it sounds like all the discounts add up to a free policy, company stockholders wouldn’t be very happy.

A list of insurance companies and a selection of discounts are included below.

• Geico has savings for good student, membership and employees, anti-lock brakes, defensive driver, driver training, and five-year accident-free.
• Mercury Insurance includes discounts for good student, multi-policy, good driver, professional/association, anti-theft, accident-free, and location of vehicle.
• Farmers Insurance may offer discounts for alternative fuel, bundle discounts, pay in full, youthful driver, early shopping, and mature driver.
• Auto-Owners Insurance policyholders can earn discounts including paperless, good student, mature driver, anti-lock brakes, safe driver, teen driver, and student away at school.
• Liberty Mutual offers discounts for preferred payment discount, newly married, safety features, new move discount, new vehicle discount, and teen driver discount.
• SAFECO may have discounts that include safe driver, anti-theft, anti-lock brakes, drive less, and teen safety rewards.
• Progressive offers premium reductions for online quote discount, multi-vehicle, homeowner, multi-policy, and online signing.
• USAA has discounts for vehicle storage, military installation, family discount, loyalty savings, driver training, and annual mileage.

Check with each insurance company to give you their best rates. Some discounts listed above might not apply in your area. If you would like to see a list of insurance companies who offer cheap insurance quotes, click this link.

Cheap car insurance quotes

To get affordable insurance quotes, there a variety of ways to compare prices from local car insurance companies. The recommended way to comparison shop is simply to get online rate quotes. This is quite simple and can be completed using a couple different methods.

• The best way to find low rates is an all-inclusive rate comparison click to view form in new window. This style of form prevents you from having to do separate quotes to each individual car insurance company. Just one form will return price quotes from multiple companies. It’s definitely the quickest method.
• A slightly less efficient method to analyze rates is going to the website of each company to complete their respective quote request forms. For sake of this example, let’s say you want to compare rates from Liberty Mutual, Progressive and American Family. You would have to spend time going to each site individually and repeatedly type in your coverage information, which can take a lot of time. For a handy list of car insurance company links in your area, click here.

It doesn’t matter which method you choose, just do your best to enter nearly identical coverage data on every quote. If you have mixed coverages it will be impossible to determine which company has the best rates. Slightly different limits could throw off the whole comparison. And when comparing car insurance rates, know that obtaining a wide range of quotes increases the change that you will find the best rates.

How do insurers determine Honda Fit insurance prices?

When buying car insurance it’s important to understand the different types of things that come into play when calculating your car insurance rates. If you have a feel for what controls the rates you pay, this enables you to make decisions that could result in much lower annual insurance costs.

The itemized list below are just a few of the factors companies use to determine your rates.

• Car insurance policy lapses increase premiums – Not maintaining insurance is illegal and your next policy will cost more because you let your coverage lapse. In addition to paying higher rates, being ticketed for driving with no insurance could result in a steep fine or even jail time. You may have to provide proof of insurance in the form of an SR-22 filing with your state department of motor vehicles.
• What are your deductibles? – Insurance for physical damage to your car, aka comp and collision, insures against damage to your Honda. Some examples of claims that would be covered would be running into the backend of another car, hail damage, and burglary. Your deductibles define how much you are required to pay if a claim is determined to be covered. The more of the claim you have to pay, the bigger discount you will receive for Fit insurance.
• Expect high rates for teens – Beginning drivers are statistically proven to be careless and easily distracted when driving and because of this, their car insurance rates are much higher. Having to add a teenage driver onto a policy can really hurt. Older people have been proven to be more responsible, cost insurance companies less in claims .
• Marriage is a factor – Walking down the aisle may cut your premiums on your car insurance policy. Having a spouse is viewed as being more mature and statistics prove drivers who are married are more cautious.
• Extra policy coverages push up costs – There are a lot of extra bells and whistles that sound like a good idea at the time when buying car insurance. Insurance for vanishing deductibles, accident forgiveness, and additional equipment coverage may not be needed and are just wasting money. These may sound like a good investment at first, but if they’re wasting money eliminate them to save money.
• Cheaper car insurance rates using alarms and GPS tracking – Purchasing a vehicle with a theft deterrent system can save you a little every year. Systems that thwart theives like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems help track and prevent your car from being stolen.
• Too many claims drive up car insurance rates – If you file claims often, you should expect either higher rates or even cancellation. Auto insurance companies generally give better rates to policyholders who do not rely on their insurance for small claims. Insurance coverage is intended to be relied upon for claims that pose a financial burden.
• Females tend to be lower risk – Statistics show women are more cautious behind the wheel. However, don’t assume that females are better drivers. Men and women are in fender benders at a similar rate, but the male of the species cause more damage. Not only are claims higher, but men get more serious tickets like reckless driving and DUI.

When to get professional advice

When buying coverage for your personal vehicles, there is no “best” method to buy coverage. Everyone’s needs are different.

For example, these questions can aid in determining whether your personal situation could use an agent’s help.

• Does car insurance cover theft of personal property?
• Does medical payments coverage apply to all occupants?
• Am I covered when using my vehicle for business?
• Do I have coverage if my license is suspended?
• Is my vehicle covered by my employer’s policy when using it for work?
• Does my personal policy cover me when driving out-of-state?
• Should I file a claim if it’s only slightly more than my deductible?
• Will my rates increase for filing one claim?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form.

Don’t listen to company ads

Popular car insurance providers such as 21st Century, Allstate and State Farm consistently run ads on television and other media. They all seem to state the claim that you’ll save big if you switch your coverage. How does every car insurance company sell you cheaper insurance coverage? This is the way they can do it.

All companies offer their best rates for the right customer they prefer to insure. For instance, this type of insured might have to be between the ages of 40 and 55, carries full coverage, and drives less than 7,500 miles a year. Any new insured who fits that profile will qualify for the lowest rates as well as save when switching.

Consumers who don’t qualify for these stringent criteria will have to pay higher premium rates which translates to the customer buying from someone else. The ads say “drivers that switch” not “everybody who quotes” can get the lowest rates when switching. This is how companies can truthfully make claims that they all have the best prices.

This really illustrates why you really should get a wide range of price quotes. Because without a comparison, you cannot know the company that will be your best fit.

Auto insurance coverages

Understanding the coverages of your policy can help you determine the right coverages and the correct deductibles and limits. Insurance terms can be difficult to understand and coverage can change by endorsement.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills such as funeral costs, EMT expenses, ambulance fees and surgery. They are often utilized in addition to your health insurance plan or if you lack health insurance entirely. They cover you and your occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Comprehensive coverage

This covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like damage from a tornado or hurricane, damage from getting keyed, falling objects, vandalism and rock chips in glass. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Collision insurance

This coverage will pay to fix damage to your Fit resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as damaging your car on a curb, hitting a mailbox, rolling your car, crashing into a building and backing into a parked car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Another option is to increase the deductible to save money on collision insurance.

Liability coverages

Liability insurance provides protection from injuries or damage you cause to other people or property in an accident. It protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Some companies may use one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims like emergency aid, repair costs for stationary objects, funeral expenses, repair bills for other people’s vehicles and court costs. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage provides protection when other motorists either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Honda Fit.

Due to the fact that many drivers have only the minimum liability required by law, 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. Most of the time your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Saving money is sweet as honey

Budget-friendly insurance is attainable both online as well as from insurance agents, so you need to quote insurance with both to have the best chance of lowering rates. Some insurance providers do not provide price quotes online and most of the time these small, regional companies prefer to sell through independent insurance agencies.

You just read a lot of ways to reduce 2008 Honda Fit insurance car insurance rates online. It’s most important to understand that the more quotes you get, the better your comparison will be. Drivers may discover the lowest priced insurance comes from a company that doesn’t do a lot of advertising.

As you shop your coverage around, you should never skimp on coverage in order to save money. There have been many situations where drivers have reduced full coverage only to find out they didn’t have enough coverage. Your goal should be to buy enough coverage at the best cost, but don’t skip important coverages to save money.

More tips and info about insurance can be read in these articles:

• Teen Driving Statistics (iihs.org)
• Auto Insurance Learning Center (State Farm)
• Protecting Teens from Drunk Driving (Insurance Information Insitute)
• What is Covered by GAP Insurance? (Allstate)
• Booster Seat Ratings (iihs.org)