Compare 2008 Honda Fit Insurance Quotes

Trying to find better car insurance rates for your Honda Fit? Purchasing cheap car insurance on the internet can seem to be somewhat difficult for consumers new to online price comaprisons. With so many choices of insurance companies available, how can drivers have a chance to compare every company to locate the lowest price available?

It’s a good idea to take a look at other company’s rates quite often since insurance rates go up and down regularly. Just because you had the best price on Fit insurance a few years ago there is a good chance you can find better rates now. Block out anything you think you know about car insurance because we’re going to demonstrate the proper way to lower your rates without sacrificing coverage.

How to Buy Insurance Coverage Online

When shopping for insurance coverage there are multiple ways of comparing price quotes from different insurance companies. By far the easiest way to find the lowest 2008 Honda Fit rates is to use the internet to compare rates. It is quite easy and can be accomplished in just a few minutes using one of these methods.

  1. The easiest and least time consuming way to get the best comparison quotes is to use a rate comparison form (click to open form in new window). This method saves time by eliminating separate forms for each company. One form will return quotes instantly.It’s the quickest way to get rates.
  2. A slightly less efficient method to analyze rates requires a trip to each company website and complete a new quote form. For sake of this example, we’ll assume you want comparison quotes from Geico, State Farm and Liberty Mutual. You would have to spend time on each company’s site to enter your coverage information, and that’s why the first method is more popular. For a handy list of car insurance company links in your area, click here.
  3. The hardest method of getting rate comparisons is to spend time driving to insurance agents’ offices. The internet makes this process obsolete unless you prefer the trained guidance of a local agent. However, consumers can compare the best prices online and get advice from an agent in your area and you’ll learn how to do that later.

It doesn’t matter which method you choose, just be sure to compare identical coverage limits on every quote you get. If the quotes have unequal deductibles or liability limits you can’t possibly determine the lowest rate for your Honda Fit. Just a small difference in limits could mean much higher rates. Just remember that getting more free quotes helps you find lower pricing.

Is there truth in advertising?

Car insurance companies such as 21st Century, Allstate and State Farm continually stream ads in print and on television. They all seem to make an identical promise that you can save after switching your policy. How do they all say the same thing? This is how they do it.

Different companies are able to cherry pick for the type of customer they prefer to insure. For instance, a preferred risk might be profiled as over the age of 40, has no tickets, and has a short commute. Any new insured that hits that “sweet spot” will qualify for the lowest rates and most likely will save when switching.

Potential customers who do not match these standards must pay more money and this can result in business not being written. The ads say “customers who switch” not “people who quote” save that much money. This is how insurance companies can confidently state the savings.

This illustrates why you need to get quotes from several different companies. It’s not possible to predict which car insurance company will have the lowest Honda Fit insurance rates.

Pieces of the Honda Fit insurance rate puzzle

It’s important that you understand the factors that go into determining car insurance rates. Knowing what determines base rates empowers consumers to make smart changes that could result in big savings.

  • Low deductibles can be expensive – Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, protects your Honda from damage. Examples of covered claims are colliding with a building, vandalism, or theft. Your deductibles are the amount of money you are willing to pay out-of-pocket before your car insurance pays a claim. The more money you’re willing to pay, the less your car insurance will be on Fit insurance.
  • Do you have a high stress job? – Jobs such as real estate brokers, social workers and accountants tend to pay higher rates than average attributed to high stress and long work hours. On the flip side, jobs such as actors, athletes and the unemployed have the lowest average rates on Fit insurance.
  • Extra coverages can waste money – There are a ton of extra coverages that you can buy if you aren’t careful. Things like roadside assistance, towing coverage and additional equipment coverage are some examples. These may sound like a good investment initially, but now you might not need them so remove them from your policy.
  • Rate your vehicle for proper use – The more you drive each year the higher your rates will be. Most companies price each vehicle’s coverage based on their usage. Cars left parked in the garage receive lower rates compared to those used for work or business. If your policy improperly rates your Fit can cost quite a bit. Make sure your car insurance policy shows the correct driver usage, because improper ratings can cost you money.
  • How credit affects car insurance rates – Your credit history is a large factor in calculating your car insurance rates. Therefore, if your credit history is not that good, you could be paying less to insure your 2008 Honda Fit by spending a little time repairing your credit. Drivers who have excellent credit tend to be better drivers and file fewer claims as compared to drivers with lower credit scores.

These discounts can slash car insurance rates

Insurance can be prohibitively expensive, but there could be available discounts to help offset the cost. Larger premium reductions will be automatically applied when you complete an application, but lesser-known reductions have to be asked for prior to receiving the credit.

  • Seat Belt Usage – Requiring all passengers to use a seat belt could save 15% on the medical payments or PIP coverage costs.
  • Defensive Driving Course – Successfully completing a driver safety course can save you 5% or more if your company offers it.
  • Accident Forgiveness – A few companies permit an accident before hitting you with a surcharge so long as you haven’t had any claims prior to the accident.
  • New Vehicle Savings – Insuring a new car can be considerably cheaper since new cars are generally safer.
  • Federal Government Employee – Being employed by or retired from a federal job can save as much as 8% on Fit insurance with select insurance companies.
  • Memberships – Affiliation with a professional or civic organization may earn a discount when buying car insurance on Fit insurance.
  • Life Insurance Discount – Companies who offer life insurance give a break if you buy auto and life insurance together.
  • Sign Online – Certain companies will discount your bill up to fifty bucks just for signing your application online.
  • Accident Free – Drivers with accident-free driving histories pay less when compared with bad drivers.

Drivers should understand that most credits do not apply to all coverage premiums. Most only apply to the price of certain insurance coverages like comp or med pay. So when it seems like having all the discounts means you get insurance for free, you won’t be that lucky. But any discount will reduce the cost of coverage.

To see a list of insurers offering car insurance discounts, follow this link.

When might I need the advice of an agent?

When choosing adequate coverage, there isn’t really a “best” method to buy coverage. Your needs are not the same as everyone else’s.

For instance, these questions could help you determine if your situation could use an agent’s help.

  • I have good health insurance, so how much medical payments coverage do I need?
  • Why am I required to get a high-risk car insurance policy?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Am I covered if my car is in a flood?
  • Is my cargo covered for damage or theft?
  • Should I buy more coverage than the required minimum liability coverage?
  • Do I need roadside assistance coverage?
  • Should I drop comprehensive coverage on older vehicles?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you don’t have a local agent, complete this form.

Educate yourself about auto insurance coverages

Understanding the coverages of a auto insurance policy can be of help when determining the right coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Liability insurance – Liability insurance protects you from damages or injuries you inflict on other people or property that is your fault. It protects YOU from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 50/100/50 that translate to a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability insurance covers things such as medical services, structural damage and bail bonds. How much liability coverage do you need? That is a personal decision, but you should buy as large an amount as possible.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses such as doctor visits, dental work, prosthetic devices and hospital visits. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants as well as any family member struck as a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance – This gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Honda Fit.

Because many people 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 is a good idea. Frequently these coverages are similar to your liability insurance amounts.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like a tree branch falling on your vehicle, rock chips in glass, damage from a tornado or hurricane, fire damage and hitting a bird. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision coverage – Collision coverage pays for damage to your Fit from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as rolling your car, sideswiping another vehicle and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. It’s also possible to raise the deductible to bring the cost down.

Shop Smart and Save

Discount 2008 Honda Fit insurance can be bought from both online companies and with local insurance agents, so compare prices from both to get a complete price analysis. Some insurance companies do not offer you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.

Consumers leave their current company for a variety of reasons including extreme rates for teen drivers, questionable increases in premium, high rates after DUI convictions and even an unsatisfactory settlement offer. It doesn’t matter what your reason, finding a great new company is less work than it seems.

As you go through the steps to switch your coverage, never buy less coverage just to save a little money. In many instances, consumers will sacrifice collision coverage only to discover later that a couple dollars of savings turned into a financial nightmare. Your strategy should be to find the BEST coverage for the lowest price while still protecting your assets.

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