View 2001 Honda Passport Car Insurance Cost

I can’t think of a single person who looks forward to paying premiums for insurance, particularly when they are paying too much. Due to the abundance of companies to choose from, it’s difficult to locate the right company.

It’s a good habit to compare premium rates periodically since insurance rates trend upward over time. Even if you got the best deal on Passport insurance a year ago you may be paying too much now. Forget all the misinformation about insurance because you’re about to learn the best way to save money, get proper deductibles and limits, all at the lowest rate.

Discounts to earn lower-cost auto insurance rates

Insurance can cost an arm and a leg, but there could be available discounts that you may not even be aware of. Certain discounts will be applied at the time of quoting, but less common discounts must be requested specifically prior to getting the savings.

• Theft Deterent System – Anti-theft and alarm system equipped vehicles are stolen with less frequency and that can save you a little bit as well.
• Air Bag Discount – Vehicles equipped with air bags or motorized seat belts can receive discounts of up to 25% or more.
• Discount for Swiching Early – A few auto insurance companies allow discounts for switching to them early. It can save you around 10%.
• Student Discounts – This discount may save as much as 25% on a insurance quote. Many companies even apply the discount to college students up to age 25.
• Safe Driver Discount – Insureds without accidents could pay up to 40% less on Passport insurance compared to rates paid by drivers with frequent claims.
• Low Mileage Discounts – Maintaining low annual mileage could earn substantially lower premium rates.
• Telematics Devices – Drivers that enable companies to scrutinize where and when they drive by using a telematics device in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive might get better premium rates as long as they are good drivers.
• No Claim Discounts – Claim-free drivers can save substantially when compared with accident-prone drivers.
• Defensive Driver Discount – Passing a course in defensive driver could save 5% or more and easily pay for the cost of the class.
• Accident Forgiveness – This isn’t a discount exactly, but a handful of insurance companies will forgive one accident before your rates go up if you have no claims prior to being involved in the accident.

We need to note that most of the big mark downs will not be given to the overall cost of the policy. Most only cut the price of certain insurance coverages like comp or med pay. Just because it seems like adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

Popular auto insurance companies and some of the discounts include:

• Mercury Insurance has discounts for good student, professional/association, anti-theft, age of vehicle, location of vehicle, and multi-policy.
• Farmers Insurance discounts include switch companies, electronic funds transfer, pay in full, early shopping, and multi-car.
• Farm Bureau may include discounts for safe driver, 55 and retired, youthful driver, multi-vehicle, multi-policy, and renewal discount.
• State Farm includes discounts for accident-free, defensive driving training, multiple autos, multiple policy, safe vehicle, passive restraint, and good student.
• Allstate offers discounts for passive restraint, auto/life discount, premier plus, safe driver, EZ pay plan discount, resident student, and new car.
• Geico policyholders can earn discounts including federal employee, air bags, membership and employees, anti-theft, defensive driver, and military active duty.

When quoting, ask each company to apply every possible discount. A few discounts might not be available to policyholders in your state. To locate auto insurance companies that have a full spectrum of discounts, follow this link.

Tailor your insurance coverage coverage to you

When buying proper insurance coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Your needs are not the same as everyone else’s so your insurance should reflect that For example, these questions can help discover whether you could use an agent’s help.

• If I drive on a suspended license am I covered?
• How much can I save by bundling my policies?
• Am I covered if I wreck a rental car?
• When should I not file a claim?
• Does my 2001 Honda Passport qualify for pleasure use?
• Does liability extend to a camper or trailer?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area. It’s fast, free and can help protect your family.

Do you really save 40% when you switch?

Consumers can’t escape the ads for insurance coverage savings by Allstate and Progressive. They all seem to make the same claim that drivers will save a bundle if you just switch your coverage.

It sounds good, but how can they all have lower policy pricing? It’s all in the words they use.

Many companies have specific criteria for the type of driver that will add to their bottom line. One example of a desirable insured might be described as over the age of 40, has never had a claim, and does not commute to work. A customer that meets those criteria gets the lowest premium rates and will probably cut their rates substantially.

Drivers who are not a match for those standards will probably have to pay a higher rate which usually ends up with the driver buying from a lower-cost company. If you listen to the ad wording, they say “people who switch” not “everyone who quotes” save that much money. That is how insurance companies can make those claims. Each company has different criteria, so it’s extremely important to get as many free insurance quotes as possible. Because without a comparison, you cannot know which company will have the lowest rates.

Insurance coverage options for a 2001 Honda Passport

Learning about specific coverages of your policy helps when choosing which coverages you need and the correct deductibles and limits. Insurance terms can be confusing and even agents have difficulty translating policy wording. Listed below are typical coverage types found on the average insurance policy.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and also any damage incurred to your 2001 Honda Passport.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for immediate expenses for funeral costs, prosthetic devices and chiropractic care. They can be used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Collision coverage protection

This coverage will pay to fix damage to your Passport from colliding 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 hitting a parking meter, crashing into a building and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to save money on collision insurance.

Comprehensive insurance

Comprehensive insurance pays for damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as hitting a bird, hitting a deer, damage from a tornado or hurricane and vandalism. The highest amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability coverage

This coverage will cover damage that occurs to a person or their property in an accident. It protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers things such as court costs, structural damage, legal defense fees and repair bills for other people’s vehicles. How much coverage you buy is a personal decision, but consider buying as high a limit as you can afford.

One last thing about your coverage

As you restructure your insurance plan, never buy less coverage just to save a little money. In too many instances, someone dropped comprehensive coverage or liability limits and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The aim is to find the BEST coverage for the lowest price and still be able to protect your assets.

Cost effective 2001 Honda Passport insurance can be purchased from both online companies and from local insurance agents, so get free insurance quotes from both of them to have the best rate selection. Some insurance companies do not offer online price quotes and usually these small insurance companies work with independent insurance agents.

We just covered a lot of ways to get a better price on 2001 Honda Passport insurance. The key concept to understand is the more rate quotes you have, the better your chances of lowering your prices. Drivers may discover the most savings is with the smaller companies. These companies can often insure niche markets at a lower cost than the large multi-state companies such as State Farm, Geico and Nationwide.

For more information, feel free to visit the articles below:

• Understanding Car Crashes Video (iihs.org)
• Teen Driving and Texting (State Farm)
• Understanding Your Insurance Deductible (Insurance Information Insitute)
• What is Covered by GAP Insurance? (Allstate)
• Teen Driving Statistics (iihs.org)