Car insurance costs vary considerably based on factors like driver age, state of residence and coverage level. Other considerations such as vehicle use and any relevant details about driving history or credit histories could also affect premium costs significantly.
Male drivers tend to pay more for car insurance because of their propensity for reckless driving and multiple accidents or DUI charges, yet maintaining a clean driving record will reduce premiums considerably.
Discounts
There are various strategies you can employ to lower the Honda Insight car insurance costs. Shopping around for the best deal and checking small local insurers who often offer cheaper rates are among the ways you could save. Plus, discounts such as good/safe driver, student, multi-policy and homeowner (bundling) policies could make life easier when insuring a car like the Insight.
Maintain a clean driving record to lower the cost of Honda Insight car insurance and save on premiums by driving safely, avoiding at-fault accidents, and keeping your credit score up. In addition, installing safety features like air bags and anti-lock brakes could help.
Reduce Honda Insight car insurance rates further by purchasing a less costly model. Older models generally have cheaper insurance rates as their values decline over time. Still, it is important to take other factors such as power and maximum speed into account as this may alter your premium costs; comprehensive coverage may also be necessary depending on where you reside.
The Honda Insight hybrid electric vehicle boasts extremely affordable car insurance rates when compared with similar vehicles in terms of both price and body style. Liability only and full coverage insurance rates for the Honda Insight are over five percent cheaper than their national counterparts, plus owners drive significantly fewer miles annually than average.
Insurance costs for the Honda Insight are dependent upon a variety of factors, such as its driver's age and gender, driving history, safety rating of vehicle and location. Therefore, their premium can differ dramatically between drivers.
Honda Insight insurance premiums start as little as $25,760 for an EX model with an MSRP of $25,760; Touring models come with higher annual and semi-annual premiums at $29,790 each. Below is a table detailing these annual/semi-annual premiums for each model.
Liability
Liability coverage on an average Honda Insight policy costs approximately $1,372 annually; this does not account for additional options such as comprehensive and collision coverage that many drivers opt to add onto their policy. Insurance rates differ by state; your driver profile also plays an integral part in determining how much auto insurance will cost you for this vehicle.
Drivers with clean records - such as no accidents or speeding tickets - typically enjoy lower insurance premiums. Such drivers will typically find basic liability policies at more attractive rates for their type of vehicle.
Other factors that will determine the cost of Honda Insight auto insurance policies include driver age and gender, tickets or accidents on their driving record, credit score and where they live - each factor plays a different role in determining auto policy prices; it's essential that drivers do their research in order to find an auto policy suitable to their situation.
Many drivers opt for additional insurance packages such as uninsured motorist coverage and rental car protection that go beyond what standard policies provide, which can quickly add up. Such packages can significantly increase annual policy costs.
ValuePenguin reports the average yearly premiums for full coverage insurance on a Honda Insight at around $1,482, including around $1,372 of liability and approximately $741 for collision coverage. These rates reflect full coverage insurance with no violations in Austin, Texas and no driving record issues.
The Honda Insight is a small, energy efficient and eco-friendly vehicle designed to be energy efficient and economical to run. As such, its engine power is limited and speed only modest; making this car ideal for drivers seeking lower insurance premiums as its low replacement part costs make repairs cost-effective and theft risk low. Furthermore, repair bills tend to be very affordable thanks to this vehicle.
Comprehensive
Honda Insight drivers' comprehensive coverage costs depend on several variables. Some insurance companies may offer discounted rates to those with good driving records or no criminal history, and age, marital status, education level, credit score and driving history all play a part. Furthermore, newer models may command higher premiums.
The Honda Insight is a fuel efficient compact vehicle with ample room inside, an impressive fuel economy rating and low crash ratings compared to larger vehicles. To protect yourself against financial loss should the Insight be involved in an accident, full collision and comprehensive coverage is advised for its protection.
Costwise, Honda Insight insurance rates average out at around $1472 annually or approximately $123/month over six months; this falls well below the national average of $1,771 but depends heavily on various factors; insurers tend to weigh different variables differently so you'll need to shop around for quotes to find your optimal rate.
If your annual mileage falls under 7,500 miles, opting for liability only insurance could save money on Honda Insight coverage costs. If that number increases significantly, consider adding comprehensive and collision coverage as well as lowering deductibles to help keep costs under control.
The Honda Insight car insurance offers drivers looking for ways to save money a great opportunity. Insurance rates tend to be cheaper than comparable hybrid cars and you could find great value by comparing policies. Looking out for discounts like military veteran's discounts and the Good Student discount could save money as well. You might also benefit by choosing an insurer who uses pay-per-mile systems.
Collision
Honda Insight insurance rates are more competitive with other popular midsize car classes than average. On full coverage policies, Insight drivers pay $14 less each year compared to drivers of Toyota Camries or Honda Accords and $242 less compared to drivers of Nissan Altimas.
Though your vehicle type will play a factor, other variables also impact premium costs such as age, driving history and location. When searching for affordable 2001 Insight car insurance policies be sure to compare rates across carriers; each will evaluate different information differently so it may be that one offers lower premiums tailored specifically for you.
Make the most of a higher deductible to save money on Insight insurance rates by opting for higher premiums and accepting greater risk, but remember it could affect how quickly claims are settled if filed. However, a clean driving history and willingness to assume more risk could help bring down rates significantly.
Other factors that can have an effect on Insight insurance rates include the number of accidents or tickets on your record. Drivers with one accident typically pay about $85 each month (up from an overall average of $71/mo), while those who have experienced multiple collisions typically incur greater payments.
Your gender and age also play a factor when calculating car insurance premiums; male drivers typically pay more, while older drivers have reduced rates.
If you're ready to find cheaper Insight insurance, make sure you look through The Zebra's list of the cheapest auto insurers in each state. These providers typically provide lower rates across a variety of policies including liability and comprehensive. Furthermore, The Zebra makes it easy for consumers to compare quotes from multiple companies before selecting one and making an informed decision on coverage costs.