A Honda Fit EV costs an average annual insurance cost of around $1,168 to insure, though this figure can differ depending on factors like location and driving history.
MoneyGeek research indicates that USAA provides superior rates to military members and their families, as well as offering excellent coverage with other top providers such as GEICO and State Farm.
Cost of Insuring a Honda Fit
The Honda Fit EV is one of the most beloved electric cars on the market, providing drivers with an estimated equivalent mileage of 118 mpg and providing great carbon reduction while saving on gas costs. Although some drivers may worry about its cost-effectiveness for insurance purposes, their average premium for insuring one is significantly less than national average car rates.
Cost of insuring a Honda Fit EV depends on a range of factors, including age and location of its driver, model year of car as well as insurance company. Older cars tend to cost less to insure due to being worth less; however, always compare quotes from multiple providers for best rates!
On average, insuring a Honda Fit with liability only coverage typically costs between $59 and $129. CaliforniaCasualty offers the lowest monthly rates at $25; other providers such as ACG, Mile Auto and Hugo offer affordable plans as well.
Comparatively to other hatchbacks in its class, the Honda Fit ranks second for insurance affordability. It costs approximately $168 less to insure than the Honda Civic; $26 less than Toyota Corolla; and $460 less than Nissan Sentra based on an average policy covering an 18 year-old driver with full coverage and excellent credit. These rates do not take into account additional deductible costs or additional state fees that may be necessary.
Credit history plays an integral role in the cost of car insurance for drivers, with those with poor credit deemed higher risk and having to pay more. Therefore, it is vital that drivers keep a clean driving record and do not apply for credit cards or loans until their credit has improved significantly.
The Honda Fit EV is a new vehicle and won't have a lasting effect on insurance premiums; however, beginning June 1 it can be leased by consumers with Honda providing collision insurance, maintenance services and roadside assistance as part of its lease package. This should help ease concerns of new car buyers that worry their technology might cause expensive repairs; furthermore this lease comes complete with a free 240V home charging station from Leviton!
Insurance Rates for a Honda Fit
As with most things, the cost of insuring a Honda Fit can depend on many variables. Model year will play an impactful role; generally speaking, older cars tend to cost less to insure than newer ones. Driving history also plays a part in your rates - good drivers generally receive lower premiums.
Your car insurance premiums depend heavily on which provider you select. Some providers have earned themselves a reputation for offering competitively-priced policies; however, that does not necessarily translate into best rates for everyone. Your driving profile as well as where you reside will impact rates of coverage.
Assuming you live in a state where auto insurance premiums are costly, your premiums may increase accordingly. Furthermore, driving a sportier car could increase them further compared to driving something like a sedan family vehicle.
No matter what vehicle you drive, there are steps you can take to keep car insurance rates as low as possible. One way is through shopping around for quotes - many insurance companies offer online comparison tools to make your search easier! Also be sure to ask an insurance agent whether comprehensive coverage is required before making a decision yourself.
Your mileage reduction could also help lower insurance costs; drivers who commute less tend to pay lower rates than those who drive frequently. Furthermore, if possible it may be worthwhile switching to usage-based coverage; such policies provide more accurate reflection of how often and far you drive.
Insurance premiums for a Honda Fit EV may differ significantly between insurers. Some, like USAA, provide very affordable coverage at very reasonable rates - however these might only apply in specific instances such as military discounts and similar.
the Honda Fit EV can be easily assessed against other similar vehicles for insuring purposes, and you can compare rates against similar cars such as Nissan Leaf, Chevrolet Spark EV and Fiat 500e to determine its annual costs of coverage. If it proves to be more cost effective for your needs than its rivals then leasing it may offer great value and you could lease one at an attractive rate.
Insurance for a Honda Fit
Honda Fit cars are known for being economical vehicles that provide drivers with ample gas savings while remaining reliable, while still being cost-effective to insure. Unfortunately, however, the average cost to insure one varies significantly based on factors like location and driving record - read on to discover what Honda Fit insurance costs will look like and how to reduce them!
On average, full coverage Honda Fit EV insurance costs approximately $140 monthly while liability-only policies range between $67-$78 each month. While these figures represent averages, your exact insurance costs will depend on factors like your state, driving history and credit score - if you want an accurate picture of how much it may cost in your area compare quotes using our free tool to get more accurate estimates from top providers in your area.
Typically, newer cars tend to cost more to insure due to their increased values compared to older ones. But the Honda Fit defies this pattern as one of the least costly vehicles to insure at any age - perhaps this is because production began so long ago; thus by the time you drive off with one it could already be several years old!
Your Honda Fit insurance rates depend on the coverage options you select. All states require minimum liability coverage; most drivers opt for collision and comprehensive policies as well. Collision covers damage after an accident while comprehensive covers losses caused by natural disasters or vandalism - each type usually comes with its own deductible amount that must be met before your insurer starts covering damages.
Age and gender play an obvious part in your Honda Fit insurance rates, but don't overlook how your state plays into them as well. Auto insurance laws vary considerably across states; as each one regulates car insurance differently. Economy and crime rate factors can also have a dramatic effect on premiums so be sure to do your research when shopping around for policies.
Men typically pay more for car insurance than women do, though the exact ratio varies by state. Sometimes this gap can be as small as 8%; but in California for instance, male drivers typically pay around 10% more. This difference arises because men are more likely to become involved in accidents or receive traffic violations than their female counterparts and thus represent greater risks for insurance companies which translates to increased premiums for male drivers.