View 2010 Honda Fit Insurance Rates

Consumers have a choice when looking for affordable Honda Fit insurance. You can either spend your time contacting agents trying to get quotes or use the internet to compare rates.

There are more efficient ways to shop for car insurance so you’re going to learn the quickest way to price shop coverage on a Honda and find the lowest possible price from both online companies and local agents.

The purpose of this post is to let you in on the best way to quote coverages. If you have car insurance now, you will be able to cut costs considerably using these methods. Drivers just need to learn the most effective way to get comparison quotes online.

Earn discounts to get lower-cost insurance coverage rates

Auto insurance companies do not advertise the complete list of policy discounts very clearly, so below is a list some of the best known and the harder-to-find credits that you can use to lower your rates.

• Use Seat Belts – Requiring all passengers to buckle up may be able to save a few bucks off the medical payments premium.
• Claim Free – Insureds with no claims or accidents are rewarded with significantly better rates on auto insurance quote in comparison with drivers with a long claim history.
• Anti-theft Discount – Anti-theft and alarm system equipped vehicles can help prevent theft and can earn a small discount on your policy.
• Employee of Federal Government – Federal government employees can save as much as 8% on Fit coverage depending on your company.
• Discount for Passive Restraints – Vehicles with factory air bags may get savings as much as 30%.
• First Accident Forgiveness – This one is not really a discount per se, but certain companies will turn a blind eye to one accident without the usual rate increase if you have no claims before the accident.
• Paperless Signup – A few larger online companies provide a small discount for buying your policy on their website.
• Pay Now and Pay Less – By making one initial payment instead of making monthly payments you can avoid the installment charge.
• Sign Early and Save – Select insurance companies give a discount for switching companies before your current coverage expires. You may see this discount when you get auto insurance quotes online.
• Organization Discounts – Being a member of qualifying employment or professional organizations could qualify you for a break on your next insurance coverage statement.

Policy discounts save money, but many deductions do not apply the the whole policy. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. Even though it may seem like you would end up receiving a 100% discount, insurance coverage companies aren’t that generous.

A few of the larger companies and a partial list of their discounts are outlined below.

• American Family may have discounts that include good driver, defensive driver, Steer into Savings, multi-vehicle, and air bags.
• Nationwide policyholders can earn discounts including accident-free, good student, easy pay, defensive driving, Farm Bureau membership, and multi-policy.
• MetLife has discounts for good driver, accident-free, multi-policy, good student, and claim-free.
• 21st Century offers discounts for theft prevention, homeowners, automatic seat belts, defensive driver, student driver, teen driver, and anti-lock brakes.
• Farmers Insurance may include discounts for alternative fuel, business and professional, electronic funds transfer, multi-car, switch companies, bundle discounts, and youthful driver.
• Allstate offers premium reductions for safe driver, senior citizen, anti-theft, economy car, premier plus, and auto/life discount.

Double check with every company which discounts they offer. A few discounts may not apply to policies everywhere. If you would like to see a list of companies who offer insurance coverage discounts, follow this link.

What determines Honda Fit insurance costs?

One of the most helpful ways to save on auto insurance is to to have a grasp of the different types of things that are used to determine your auto insurance rates. When consumers understand what positively or negatively impacts your premiums, this allows you to make educated decisions that may result in cheaper rates. Many different elements are taken into consideration when quoting car insurance. Some of the criteria are obvious like an MVR report, but other criteria are less obvious such as whether you are married or how financially stable you are.

• Save money with higher comp and collision deductibles – Physical damage protection, commonly called comprehensive (or other-than-collision) and collision coverage, helps pay for damage to your vehicle. Examples of some claims that would be covered would be a windshield shattered by a rock, damage from fire, and burglary. Your deductibles define the amount you are required to pay in the event of a claim. The more expense you’re willing to pay, the lower your rates will be on Fit coverage.
• Too many policy claims and you’ll pay more – If you are the type of insured that files lots of claims you can look forward to either higher rates or even cancellation. Auto insurance companies generally give the lowest premiums to policyholders who are claim-free. Your car insurance is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
• Why do you need liability? – Liability coverage is the protection in the event that you are determined to be liable for personal injury or accident damage. It provides for a legal defense to defend your case. Liability is cheap compared to physical damage coverage, so insureds should have plenty of protection for their assets.
• Accidents drive up costs – Just one driving citation may cause rates to rise to the point where it’s not affordable. Good drivers get better prices as compared to careless drivers. Drivers who get serious citations such as reckless driving or DUI may find that they have to to maintain a SR-22 with their state DMV in order to legally drive.
• Can a thief steal your car? – Choosing a vehicle with a theft deterrent system can earn a premium discount. Theft deterrent systems like OnStar, LoJack tracking, and tamper alarms all aid in stopping auto theft and help lower rates.
• Safer the car lower the rate – Cars with five star safety ratings cost less to insure. Safer cars protect occupants better and any reduction in injury severity means your insurance company pays less passed on to you as lower rates. If your Honda Fit scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.
• Avoid auto insurance policy lapses – Allowing your auto insurance policy to lapse can be a sure-fire way to trigger a rate increase. And not only will insurance be more expensive, not being able to provide proof of insurance may earn you a license revocation or jail time. Then you may be required to file a SR-22 with your state motor vehicle department to get your license reinstated.
• Premiums are lower the older you get – Beginning drivers are known to be inattentive and easily distracted behind the wheel so auto insurance rates are higher. Having to add a first-time driver to your auto insurance policy can break the bank. More experienced drivers are viewed as being more responsible, cost insurance companies less in claims , and usually have better credit.

Tailor your insurance coverage coverage to you

When it comes to choosing the best insurance coverage coverage, there really is not a perfect coverage plan. Every situation is different.

Here are some questions about coverages that could help you determine if you would benefit from professional advice.

• Will my insurance pay for OEM parts?
• Am I covered by my spouse’s policy after a separation?
• Am I covered when driving in Canada or Mexico?
• Am I covered when delivering products for my home-based business?
• Do I need rental car coverage?
• How much liability do I need to cover my assets?
• What if I owe more than I can insure my car for?
• Is a blown tire covered by insurance?
• What is medical payments coverage?
• Am I covered if my car is in a flood?

If it’s difficult to answer those questions then you might want to talk to an agent. To find lower rates from a local agent, complete this form. It’s fast, doesn’t cost anything and can help protect your family.

Ads can be misleading

Drivers can’t get away from all the ads that claim the best rates from the likes of 21st Century, Allstate and State Farm. All the ads try to convey promises that you’ll save big after switching your coverage.

That’s great but how can every company claim to save you money? It’s all in the wording.

Many companies have underwriting criteria for the type of customer that will not have excessive claims. One example of a profitable insured might be described as over age 30, has a clear driving record, and drives a vehicle with a low ISO rating. Anyone that matches those criteria will probably get cheap car insurance rates and most likely will save some money.

Potential insureds who fall short of the “perfect” profile must pay more expensive rates which usually ends up with the driver buying from a lower-cost company. If you pay close attention to the ads, they say “people who switch” but not “all drivers who get quotes” save money. This is how insurance companies can make those statements.

That is why drivers must compare price quotes frequently. It’s just too difficult to predict with any certainty which company will have the lowest rate quotes.

Auto insurance coverages

Learning about specific coverages of your auto insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and nobody wants to actually read their policy.

Collision coverages – This covers damage to your Fit resulting from a collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as sustaining damage from a pot hole, hitting a parking meter, crashing into a building and colliding with a tree. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to bring the cost down.

Medical costs insurance – Coverage for medical payments and/or PIP provide coverage for immediate expenses for things like hospital visits, funeral costs, nursing services and ambulance fees. The coverages can be used in conjunction with a health insurance program or if you lack health insurance entirely. It covers you and your occupants as well as if you are hit as a while walking down the street. PIP is not available in all states and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision – This covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like a tree branch falling on your vehicle, damage from a tornado or hurricane and rock chips in glass. The most a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

UM/UIM Coverage – This coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries and also any damage incurred to your Honda Fit.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Most of the time these limits are identical to your policy’s liability coverage.

Auto liability – Liability insurance provides protection from damages or injuries you inflict on 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.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 25/50/25 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Alternatively, you may have a combined limit which limits claims to one amount without having the split limit caps.

Liability can pay for things like repair bills for other people’s vehicles, medical services and structural damage. How much coverage you buy is a decision to put some thought into, but consider buying as high a limit as you can afford.

And the best car insurance company is…

When trying to cut insurance costs, make sure you don’t sacrifice coverage to reduce premiums. Too many times, drivers have reduced full coverage only to regret that a couple dollars of savings turned into a financial nightmare. Your objective should be to get the best coverage possible at the lowest possible cost, but don’t skip important coverages to save money.

We’ve covered many tips how you can reduce 2010 Honda Fit insurance prices online. The key concept to understand is the more you quote auto insurance, the more likely it is that you will get a better rate. You may be surprised to find that the biggest savings come from a small mutual company.

There are still a few companies who do not offer internet price quotes and usually these small insurance companies only sell through independent insurance agencies. Cost effective 2010 Honda Fit insurance can be purchased online and with local insurance agents, so compare prices from both to have the best rate selection.

Additional auto insurance information can be found at these links:

• Booster Seat Ratings (iihs.org)
• Safety Belts FAQ (iihs.org)
• What is a Telematics Device? (Allstate)
• How Much Auto Coverage do I Need? (Insurance Information Insitute)
• Frontal Crash Tests (iihs.org)