How Much Does 2016 Honda Fit Insurance Cost?

Are you regretting buying an expensive car insurance policy? Don’t feel bad because many drivers feel the same as you. Many insurance companies vie for your hard-earned dollar, and it can be difficult to compare rates to find the absolute lowest rate possible.

Where can I get affordable car insurance?

Effectively comparing car insurance prices can be a lot of work if you don’t utilize the best way to get rate quotes. You can waste a few hours (or days) discussing policy coverages with insurance agencies in your area, or you could use the web to quickly compare rates.

Most of the best insurance companies take part in a program where insurance shoppers submit one quote, and at least one company can give them a price based on that information. This saves time by eliminating quote requests for every car insurance company.

To find out how much you’re overpaying now click here to start a free quote.

One minor caviat to pricing coverage this way is you don’t know exactly which companies you will receive quotes from. If you would rather choose specific insurance companies to receive pricing from, we put together a list of the cheapest car insurance companies in your area. Click to view list.

It’s up to you how you get prices quotes, just try to keep exactly the same quote data for each quote you get. If you have different limits and deductibles on each one it will be impossible to decipher which rate is best.

You may qualify for discounts

Companies offering auto insurance don’t always advertise every discount very clearly, so below is a list both well-publicized as well as the least known insurance savings.

• Air Bag Discount – Factory air bags and/or automatic seat belt systems may qualify for discounts of more than 20%.
• Discount for Swiching Early – A few larger companies give discounts for signing up prior to your current policy expiration. You may see this discount when you get auto insurance quotes online.
• Discount for New Cars – Buying a new car model can save up to 30% because new vehicles are generally safer.
• No Claims – Drivers who stay claim-free pay less when compared with drivers who are more careless.
• Telematics Discount – Drivers that enable driving data collection to look at driving habits by using a telematics device such as State Farm’s In-Drive could save a few bucks as long as they are good drivers.

Just know that most discount credits are not given to your bottom line cost. Some only apply to individual premiums such as liability, collision or medical payments. So when it seems like you would end up receiving a 100% discount, companies don’t profit that way.

Some companies that may include some of the discounts shown above possibly include:

• Travelers
• 21st Century
• State Farm
• Geico
• SAFECO
• AAA

When getting free auto insurance quotes, it’s a good idea to every insurance company to apply every possible discount. Some of the discounts discussed earlier may not be offered in your area. To see insurers that offer many of these discounts, click this link.

There’s no such thing as the perfect insurance policy

When it comes to choosing coverage, there is no one size fits all plan. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that might help in determining if you would benefit from an agent’s advice.

• Do I need an umbrella policy?
• Should I rate my 2016 Honda Fit as pleasure use or commute?
• Are there companies who specialize in insuring high-risk drivers?
• Does coverage extend to my business vehicle?
• What is the rate difference between pleasure use and commuting?
• Does my 2016 Honda Fit need full coverage?
• What if I owe more than I can insure my car for?
• Can I make deliveries for my home business?
• Am I covered if I drive in a foreign country?
• Am I covered when driving a rental car?

If you can’t answer these questions but one or more may apply to you, you may need to chat with a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can help protect your family.

Components of your Honda Fit insurance premiums

Lots of things are considered when you quote your car insurance policy. Some are obvious such as your driving history, but others are more transparent like your continuous coverage or how financially stable you are.

The following are some of the most common factors used by your company to calculate prices.

• Vehicle features that lower rates – Choosing a vehicle with a theft deterrent system can help lower your premiums. Systems that thwart theives such as GM’s OnStar, tamper alarm systems and vehicle immobilizers help track and prevent vehicle theft.
• Your location is important – Having an address in a small town can save you money when trying to find low car insurance rates. Less people living in that area corresponds to lower accident rates as well as less vandalism and auto theft. Residents of big cities regularly have traffic congestion and longer commute times. More time commuting means higher likelihood of an accident.
• Driver age impacts prices – Older, more experienced drivers have been proven to be more responsible, tend to cause fewer accidents .Teenage drivers tend to be careless and easily distracted when driving with friends so they pay higher auto insurance rates.
• Drive less and pay lower prices – The more miles you rack up on your Honda annually the more you’ll pay to insure it. A lot of insurance companies charge to insure your cars based upon how the vehicle is primarily used. Cars and trucks that do not get driven very much cost less to insure than vehicles that are driven to work every day. It’s a good idea to make sure your auto insurance coverage properly reflects how each vehicle is driven, because it can save money. An improperly rated Fit can cost quite a bit.
• See if your company offers a multi-policy discount – Most major insurance companies provide lower prices to insureds who have multiple policies with them, otherwise known as a multi-policy discount. Even if you already get this discount, consumers should still compare other company rates to verify if the discount is saving money.
• Vehicles with better crash test results cost less to insure – Cars with five star safety ratings are cheaper to insure. Safe vehicles have better occupant injury protection and lower injury rates translates into fewer and smaller insurance claims and cheaper rates on your policy.
• Better credit means lower prices – Having a bad credit score can be a huge factor in determining your rates. People that have good credit tend to file fewer claims and have better driving records than drivers who have poor credit. So if your credit history leaves room for improvement, you may save money insuring your 2016 Honda Fit by improving your credit score.
• Good drivers have lower costs – Getting just one moving violation can boost insurance rates twenty percent or more. Drivers who don’t get tickets get better rates than people who have multiple driving citations. Drivers with multiple violations such as DUI or reckless driving might be required by their state to maintain a SR-22 with their state’s licensing department in order to legally drive a vehicle.

Insurance coverage basics

Learning about specific coverages of your insurance policy can help you determine which coverages you need and proper limits and deductibles. Insurance terms can be impossible to understand and coverage can change by endorsement. Shown next are typical coverage types available from insurance companies.

Collision coverage – Collision coverage pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims such as crashing into a ditch, rolling your car, hitting a parking meter and colliding with a tree. This coverage can be expensive, so consider dropping it from older vehicles. Another option is to bump up the deductible to bring the cost down.

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants as well as damage to your Honda Fit.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Liability car insurance – Liability insurance will cover damages or injuries you inflict on other people or property by causing an accident. It protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

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 limits 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. Occasionally you may see a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things such as medical services, bail bonds and loss of income. How much liability coverage do you need? That is up to you, but buy as much as you can afford.

Comprehensive (Other than Collision) – Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like a tree branch falling on your vehicle, a broken windshield and fire damage. The maximum payout you’ll receive from a claim 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.

Medical expense insurance – Medical payments and Personal Injury Protection insurance pay for bills for hospital visits, dental work and pain medications. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants and will also cover any family member struck as a pedestrian. PIP coverage is not universally available and may carry a deductible

In the end, you save

As you quote auto insurance, don’t be tempted to skimp on coverage in order to save money. In many instances, an insured cut liability limits or collision coverage only to regret that the small savings ended up costing them much more. The ultimate goal is to find the BEST coverage at the lowest possible cost and still be able to protect your assets.

Throughout this article, we presented a lot of ways to save on 2016 Honda Fit insurance. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding low cost auto insurance. You may be surprised to find that the best rates are with some of the lesser-known companies. They may often insure only within specific states and give getter rates than their larger competitors like Geico and State Farm.

Cheaper car insurance is available on the web and also from your neighborhood agents, and you need to price shop both in order to have the best chance of saving money. There are still a few companies who may not offer online price quotes and most of the time these smaller companies only sell coverage through local independent agencies.

Even more information is located by following these links:

• Rollover Crash FAQ (iihs.org)
• Drunk Driving Statistics (Insurance Information Insitute)
• Insurance Losses by Make and Model (iihs.org)
• What is Gap Insurance? (Insurance Information Insitute)