Honda recently unveiled an offer to lease their Fit EV with free car insurance as part of its lease offer, in hopes that this will draw in consumers who may be nervous to try driving an EV for themselves.

MoneyGeek conducted a study that examined rates for 24 popular car models across states and insurance carriers.

Cost of Battery

The 2014 Honda Fit EV stands out as an all-around electric vehicle available to consumers, offering great driving range, utility features and an attractive price point. However, other EVs such as the Nissan Leaf and Ford Focus Electric compete with it on price and other criteria.

The 2015 Honda Fit EV is an excellent way for drivers looking to save money while enjoying the convenience of electric driving. Based on its gasoline counterpart, this five-seat hatchback features an electric motor connected to a lithium-ion battery pack for efficient city and highway travel of up to 76 miles on one charge; additionally it boasts ample cargo room although some rear passenger legroom may be lost due to battery capacity limitations.

Honda Fit EV prices may be comparable with its competitors, but what really sets it apart is free collision insurance coverage for anyone leasing one - saving an average driver $180 each month in collision coverage costs alone! Savings could vary depending on driver history and location - making EV ownership all the more advantageous!

Those considering leasing a Honda Fit EV should make sure to compare its competitors by entering your zip code below and getting quotes from multiple providers. As different companies can vary widely in their terms and prices, make sure to ask about any discounts such as bundling policies or paying cash as this may reduce overall costs.

Unlike some models, the Honda Fit EV does not provide an upfront purchase option; however, leasing can start as low as $199/month with only $999 down required - comparable with lease agreements on other small EV cars such as Chevrolet Spark EV and Fiat 500e. In addition, its warranty coverage extends up to 100,000 miles, which surpasses warranties offered on similar vehicles.

Cost of Charging

The Honda Fit EV is an exciting, practical electric vehicle. Not only is it easy to operate in urban areas and less than $0.15 per mile on highway driving, it can be charged back up using any standard home charging station within three hours!

Buyers should remember that fuel and electricity costs may differ based on local energy rates and driving habits; for instance, those commuting less than 15 miles daily and charging their car only once at night will pay significantly less in fuel than someone commuting the same distance but recharging their vehicle every hour.

Drivers must also understand how a ticket or accident will impact their insurance rate; to prevent higher premiums and save money by driving safely and responsibly. Buyers should research different companies to find their ideal rates; those with clean records often reap additional savings by bundling policies together or opting for higher deductibles.

If you are considering purchasing a Honda Fit EV, be sure to compare car insurance prices before making a decision. You might be surprised to discover that sometimes smaller regional and specialty providers offer better insurance rates; CaliforniaCasualty currently provides liability only coverage with rates starting from $25 per month on Honda Fit EV policies from them; other competitive offerings come from Mile Auto, ACG and NationalGeneral.

Honda Fit EV leasers should take note that each monthly payment includes free collision insurance - an important change which allows drivers to lease without incurring extra collision coverage costs over time. Honda hopes this approach will make the Fit EV more attractive to prospective buyers who might otherwise be put off by its higher price and limited availability.

Cost of Fuel

Honda claims that their Fit EV electric car can travel up to 118 miles on each charge, surpassing rival offerings from major automakers. But at today's average gas prices, it would take over 10 years for drivers to recoup their initial investment in an EV according to Honda.

So the company has made it even simpler for drivers to purchase or lease the Fit EV by offering free collision insurance to the first 1,100 individuals who lease one starting next month. Given how much insurance costs, this could sway those on the fence about opting for an electric car purchase decision.

Honda's move could make a statement to potential EV car buyers as it offers one of the highest incentives to cover most of their cost of an electric car's purchase price.

Liability and full coverage auto insurance premiums for a Honda Fit EV typically run approximately $63 and $149 monthly, respectively. Of course, this figure may depend on your location, driving record, and other factors - it's essential that you shop around to secure the best rates possible.

Honda's offer comes as it seeks to draw consumers into its new electric Fit EV, which boasts an EPA rating of 118 miles per gallon in combined city and highway driving compared to rival models from Nissan and Mitsubishi that achieve only 73 and 62 MPG respectively. Unfortunately, however, the electric Fit EV costs more than twice as much than the Civic even with factored fuel costs taken into consideration.

As the Fit EV hits the market, it will be intriguing to observe its reception by buyers and whether its superior fuel efficiency can offset higher upfront costs. But in order for the car industry to compete with low gas prices currently available, they will need to reduce sticker prices of electric vehicles significantly.

Cost of Maintenance

Honda has made an exclusive offer to drivers of its Fit EV car, eliminating one of their primary concerns about buying or leasing this type of EV: cost of insurance coverage. This aims to give drivers more confidence about leasing or buying an electric car and help make leasing or buying one less intimidating.

However, it's important to keep in mind that this offer only lasts for a limited time and in certain states. Your insurance cost will depend on your individual driver profile so be sure to get quotes from several companies and compare policies. There are various factors that affect insurance rates including driving frequency, driving record history and location - making combining policies more cost effective. Bundling auto and home/motorcycle/renter's policies together could save money!

No matter if you're leasing or buying the Honda Fit EV, GEICO provides some of the lowest insurance premiums. On average, their annual premium for this model stands at just $1,141 which is significantly less than most other car insurers' estimates.

Honda is also offering competitive monthly lease payments for their Fit EV customers, with lease prices set at just $259 a month and covering unlimited mileage, maintenance and collision coverage - making the Fit EV one of the most cost-effective EV options on the market today.

While still relatively new on the market, the Honda Fit EV has already earned rave reviews from critics and consumers alike. Boasting an attractive modern design packed with advanced features - its high efficiency motor has an EPA-estimated fuel economy rating of 118 miles-per-gallon equivalent. Nimble handling and practical interior make this vehicle perfect for city life.

As with any vehicle, the Fit EV requires regular maintenance in order to remain reliable. Battery replacement must occur regularly while extended use may necessitate rebuilding or replacement of its motor. While these expenses are small in comparison with gas vehicles, it is still wise to factor in their expense when making decisions about purchasing one.