2014 Honda Fit EV Insurance Rates – 6 Tips for Cheapest Quotes

Want better auto insurance rates for your Honda Fit EV? Searching for the most affordable auto insurance on the internet can be problematic for beginners to comparison shopping online. Since there are so many insurance companies available, how can anyone effectively compare the different rates to find the best price?

Consumers need to take a look at other company’s rates on a regular basis since rates tend to go up over time. Even if you think you had the best rates on Fit EV coverage a year ago other companies may now be cheaper. There is a lot of bad information regarding auto insurance online, so I’m going to show you some good information on how to put money back in your pocket.

If you have car insurance now, you will most likely be able to cut costs considerably using this strategy. Shopping for cheaper auto insurance coverage can be fairly easy. But vehicle owners benefit from understanding how big insurance companies price insurance differently because it can help you find the best coverage.

Compare the Market for Insurance

The are a couple different ways to get quotes and find the best price. The easiest way by far to find the cheapest 2014 Honda Fit EV insurance rates is simply to get online rate quotes. This can be done in just a few minutes using one of these methods.

  • The single most time-saving way consumers can make multiple comparisons is a comparison rater form (click to open form in new window). This type of form eliminates the need for repetitive form entry for each company you want a rate for. Completing one form will return price quotes direct from many companies. Just one form and you’re done.
  • A less efficient way to shop for insurance online is going to each company website to complete a price quote. For example, we’ll pretend you want to compare Progressive, Esurance and Geico. You would have to visit each site to enter your coverage information, which is why the first method is quicker.

    For a handy list of car insurance company links in your area, click here.

Whichever method you choose, ensure you are comparing exactly the same coverages for each price quote. If you compare mixed coverages it’s impossible to make a fair comparison for your Honda Fit EV. Slightly different coverages can result in a big premium difference. And when quoting insurance, remember that having more price comparisons helps you find the best price.

Take these six discounts and save

Companies don’t always list all available discounts very clearly, so we took the time to find some of the more common and the harder-to-find car insurance savings.

  • Homeowners Discount – Owning a house can help you save on car insurance because maintaining a house requires personal responsibility.
  • Discount for Life Insurance – Larger companies have lower rates if you buy a life insurance policy as well.
  • Driver Safety – Successfully completing a course in driver safety could possibly earn you a 5% discount if you qualify.
  • Pay Now and Pay Less – By paying your policy upfront instead of making monthly payments you could save up to 5%.
  • Distant Student – Kids in college living away from home attending college and don’t have a car may be able to be covered for less.
  • Federal Government Employee – Being employed by or retired from a federal job may qualify you for a discount on Fit EV coverage with certain companies.

Keep in mind that some of the credits will not apply to the entire cost. Most cut individual premiums such as liability and collision coverage. So despite the fact that it appears you would end up receiving a 100% discount, you’re out of luck.

A partial list of companies that may have these benefits are:

Double check with each company what discounts are available to you. All car insurance discounts might not apply everywhere.

Which policy gives me the best coverage?

When it comes to buying adequate coverage, there really is no “best” method to buy coverage. Your needs are not the same as everyone else’s.

For instance, these questions may help highlight if your insurance needs may require specific advice.

  • What discounts do I qualify for?
  • Do I have coverage for damage caused while driving under the influence?
  • Do I have newly-aquired coverage?
  • How high should my medical payments coverage be?
  • Who is covered by my policy?
  • Am I covered when driving someone else’s vehicle?
  • Do I need higher collision deductibles?
  • Do I need PIP coverage since I have good health insurance?
  • Am I better off with higher deductibles on my 2014 Honda Fit EV?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to a licensed agent. To find an agent in your area, take a second and complete this form.

Can switching companies really save?

Companies like State Farm, Allstate and Geico continually stream ads on television and other media. All the ads make the same claim that you can save after switching to their company. How does each company make the same claim?

All companies are able to cherry pick for the driver they prefer to insure. For instance, a desirable insured could possibly be between the ages of 40 and 55, owns a home, and drives less than 10,000 miles a year. A driver who matches those parameters will get the preferred rates and therefore will save quite a bit of money when switching.

Potential customers who don’t measure up to the “perfect” profile will have to pay a higher premium and this can result in business going elsewhere. The ads state “drivers who switch” not “people who quote” save that much money. This is how insurance companies can advertise the savings. Because of the profiling, you absolutely need to get quotes from several different companies. You cannot predict which car insurance company will provide you with the cheapest Honda Fit EV insurance rates.

Insurance policy specifics

Understanding the coverages of a insurance policy helps when choosing appropriate coverage for your vehicles. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive or Other Than Collision

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like falling objects, theft, damage from flooding, hail damage and fire damage. The most you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your 2014 Honda Fit EV.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Collision coverage protection

Collision coverage covers damage to your Fit EV resulting from a collision with an object or car. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims like scraping a guard rail, backing into a parked car, sustaining damage from a pot hole, colliding with another moving vehicle and hitting a mailbox. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. You can also increase the deductible to bring the cost down.

Auto liability insurance

This coverage will cover damage or injury you incur to people or other property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability can pay for claims like medical expenses, repair bills for other people’s vehicles, loss of income and funeral expenses. How much coverage you buy is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Medical costs insurance

Medical payments and Personal Injury Protection insurance provide coverage for bills for things like hospital visits, dental work and funeral costs. They are used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers any family member struck as a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Saving money is sweet as honey

We just covered a lot of techniques to shop for 2014 Honda Fit EV insurance online. It’s most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers may even find the biggest savings come from some of the lesser-known companies.

Affordable insurance can be found on the web in addition to many insurance agents, so you should compare both in order to have the best chance of saving money. Some companies do not provide you the ability to get quotes online and these small insurance companies work with independent agents.

People switch companies for a number of reasons such as delays in paying claims, policy cancellation, delays in responding to claim requests and even poor customer service. It doesn’t matter what your reason, finding a new auto insurance company is not as difficult as it may seem.

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