Cheap 2011 Honda Fit Insurance Rates

High-priced Honda Fit insurance can consume your accounts and put a big crunch on your finances. Price shopping at each renewal is a great way to make sure you’re not throwing money away.

Many car insurance companies vie for your hard-earned dollar, so it’s not easy to compare every insurer to get the lowest price

If you currently have a car insurance policy, you stand a good chance to be able to lower your premiums substantially using these tips. Finding affordable coverage is easy if you know what you’re doing. But vehicle owners can benefit from knowing how insurance companies sell online and use this information to your advantage.

The method we recommend to compare insurance rates in your area is to understand car insurance companies will pay a fee to quote your coverage. The only thing you need to do is give the companies some data including if you went to college, whether you drive to work or school, your job, and level of coverage desired. That rating information is instantly sent to multiple top-rated companies and they return cost estimate with very little delay.

If you would like to start a quote now, click here and find out if lower rates are available.

How you can control Honda Fit insurance rates

Many factors are used when you get your auto insurance bill. Some are pretty understandable such as your driving history, but some are less obvious such as whether you are married or how safe your car is.

• Certain jobs pay higher rates – Occupational choices like military personnelairline pilots and accountants have higher rates than the rest of us attributed to intense work-related stress and lengthy work days. Other careers like professors, athletes and performers generally pay rates lower than average for Fit insurance.
• Eliminate unneeded incidental coverages – Insurance policies have a lot of extra add-on coverages you can purchase if you aren’t careful. Coverages for replacement cost coverage, better glass coverage, and term life insurance may not be needed and are just wasting money. These may sound like a good investment initially, but your money might be better spent on other coverage so consider taking them off your policy.
• Do you save by driving less? – The more you drive each year the more you will pay for insurance coverage. A lot of insurance companies calculate prices based on how the vehicle is used. Cars not used for work or commuting cost less to insure than cars that get driven a lot. Make sure your insurance coverage policy properly reflects the correct usage. Improper usage on your Fit can cost quite a bit.
• Vehicle options can affect premiums – Driving a car with advanced anti-theft systems can help lower your premiums. Theft deterrent systems such as OnStar, LoJack tracking, and tamper alarms all hinder auto theft.
• Discounts for married couples – Your spouse may cut your premiums when shopping for insurance coverage. Having a significant other translates into being more financially stable and insurance companies reward insureds because married drivers get in fewer accidents.
• Your address can affect rates – Being located in less populated areas of the country can save you money when it comes to insurance coverage. Fewer drivers and short commutes means less chance of accidents and lower theft and vandalism rates. Urban drivers have congested traffic and longer commute times. More time on the road means more chances of being involved in an auto accident.
• Compare rates if you consolidate your policies – Most insurers apply discounts to policyholders who buy several policies from them. It’s known as a multi-policy discount. The discount can be anywhere from five to ten percent in most cases. Even though this discount sounds good, it’s in your best interest to check prices from other companies to guarantee you are still saving the most.
• Know your credit history – Having a bad credit score can be an important factor in calculating your insurance coverage rates. Insureds with high credit ratings tend to be better drivers and file fewer claims than those with poor credit scores. If your credit could use some work, you may save money insuring your 2011 Honda Fit by improving your rating.

Earn discounts on insurance coverage

Insurance coverage is not cheap nor is it fun to buy but you might already qualify for some discounts that can help lower your rates. Certain reductions will be credited at the time of quoting, but a few need to be manually applied before you get the savings. If you do not double check each discount possible, you’re just leaving money on the table.

• Pay Early and Save – If you pay your bill all at once rather than spreading payments over time you may reduce your total bill.
• Savings for New Vehicles – Insuring a new car is cheaper because newer vehicles are generally safer.
• Driver Safety – Passing a driver safety course could possibly earn you a 5% discount depending on where you live.
• Discounts for Federal Employees – Simply working for the federal government can earn a discount up to 10% for Fit insurance with select insurance companies.
• Fewer Miles Equal More Savings – Low annual miles could qualify for discounted prices on garaged vehicles.
• Student Driver Training – Make teen driver coverage more affordable by requiring them to take driver’s ed class in school.
• Good Student – Excelling in school can earn a discount of 20% or more. The discount lasts up until you turn 25.

Don’t be surprised that some of the credits will not apply the the whole policy. Most only cut the price of certain insurance coverages like comp or med pay. Even though the math looks like having all the discounts means you get insurance for free, it’s just not the way it works.

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

• American Family has savings for bundled insurance, TimeAway discount, multi-vehicle, accident-free, air bags, early bird, and defensive driver.
• State Farm discounts include safe vehicle, good student, student away at school, good driver, defensive driving training, passive restraint, and multiple autos.
• 21st Century includes discounts for early bird, theft prevention, good student, teen driver, defensive driver, and 55 and older.
• Travelers may include discounts for save driver, new car, driver training, hybrid/electric vehicle, student away at school, and good student.
• Geico may offer discounts for daytime running lights, membership and employees, five-year accident-free, good student, and multi-policy.

When getting a coverage quote, ask all companies you are considering how you can save money. Depending on the company, some discounts may not apply to policies in your state.

Tailor your car insurance coverage to you

When it comes to choosing coverage, there is no cookie cutter policy. Every situation is different so this has to be addressed. For instance, these questions may help you determine whether you could use an agent’s help.

• Should I sign the liability waiver when renting a car?
• Am I covered if I drive in a foreign country?
• Why is insurance for a teen driver so high?
• At what point should I drop full coverage?
• Does my personal policy cover me when driving out-of-state?
• What is high-risk coverage and where do I buy it?
• Can I afford to buy a different vehicle if my 2011 Honda Fit is totaled?
• How much liability do I need to cover my assets?
• How can I get high-risk coverage after a DUI?
• I have a DUI can I still get coverage?

If it’s difficult to answer those questions, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier

Insurance policy specifics

Understanding the coverages of your insurance policy helps when choosing the best coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Below you’ll find the normal coverages found on most insurance policies.

UM/UIM Coverage

This coverage provides protection when other motorists do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Honda Fit.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Most of the time the UM/UIM limits are set the same as your liablity limits.

Comprehensive or Other Than Collision

This coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as damage from flooding, fire damage and damage from a tornado or hurricane. The highest amount your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Medical costs insurance

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses like surgery, prosthetic devices, ambulance fees, nursing services and X-ray expenses. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and will also cover getting struck while a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

This coverage covers damage to your Fit resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as rolling your car, colliding with a tree, hitting a parking meter, colliding with another moving vehicle and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Liability auto insurance

This will cover damages or injuries you inflict on people or other property that is your fault. This insurance protects YOU from legal claims by others. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 100/300/100 that translate to $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers claims such as medical expenses, repair bills for other people’s vehicles, legal defense fees and structural damage. How much coverage you buy is up to you, but you should buy as large an amount as possible.

A fool and his money are soon parted

You just learned a lot of information how to lower your 2011 Honda Fit insurance premium rates. The key concept to understand is the more price quotes you have, the higher the chance of saving money. Drivers may discover the best price on auto insurance is with the smaller companies. These smaller insurers may have significantly lower prices on certain market segments compared to the large companies like State Farm and Allstate.

As you go through the steps to switch your coverage, it’s a bad idea to buy less coverage just to save a little money. In many instances, someone dropped comprehensive coverage or liability limits only to find out that saving that couple of dollars actually costed them tens of thousands. The goal is to buy the best coverage you can find at the best possible price, not the least amount of coverage.

For more information, feel free to visit these articles:

• Five Mistakes to Avoid (Insurance Information Insitute)
• Understanding Car Crashes Video (iihs.org)
• Teen Driving Statistics (iihs.org)
• Child Safety FAQ (iihs.org)
• Vehicle Insurance in the U.S. (Wikipedia)