Honda Insight Insurance Quotes in Aurora

Discount Honda Insight insuranceAre you searching for the cheapest Honda Insight insurance in Aurora? Searching for better insurance prices for your Honda Insight in Colorado can turn out to be difficult, but you can follow the following methods to make it easier. There is a right way and a wrong way to compare car insurance rates so we’re going to tell you the best way to get price quotes on a Honda and find the lowest possible price.

Regrettably, a large majority of car insurance policyholders in Colorado have been with the same company for well over three years, and approximately 40% of consumers have never compared rates with other companies. American drivers could save an average of up to 46.5% each year just by shopping around, but they just don’t understand how easy it is to compare other rate quotes.

If you are already insured or are shopping for new coverage, you can use this information to reduce the price you pay without having to cut coverage. Comparison shopping for affordable policy in Aurora is quite easy. Drivers just have to use the proper way to get comparison quotes online.

Check for these premium slashing discounts

Car insurance is not cheap, but you might already qualify for some discounts that you may not even be aware of. Certain discounts will be applied at quote time, but some may not be applied and must be specially asked for prior to getting the savings.

Drivers should understand that most discounts do not apply to the overall cost of the policy. A few only apply to the cost of specific coverages such as collision or personal injury protection. So even though you would think adding up those discounts means a free policy, you’re out of luck.

The diagram below shows the comparison of Honda Insight car insurance rates with and without discounts applied to the policy premium. The data assumes a female driver, no claims, a clean driving record, Colorado state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-policy, multi-car, safe-driver, and homeowner discounts applied.

Insurance companies who may offer these money-saving discounts include:

When quoting, ask all the companies what discounts are available to you. Some of the earlier mentioned discounts might not be offered on policies in your state. To choose companies with the best discounts in Colorado, follow this link.

The quickest method to compare rates for Honda Insight insurance in Aurora is to know the trick auto insurance companies participate in online systems to compare their rates. The one thing you need to do is provide details like your education level, which vehicles you own, whether the vehicles are used for commuting, and if a SR-22 is needed. The rating information is submitted instantly to many of the top insurers and you receive quotes within a short period of time.

To check rates for your car now, click here and enter your coverage details.

The car insurance companies shown below offer free rate quotes in Colorado. In order to find cheap car insurance in Colorado, we suggest you visit two to three different companies in order to get a fair rate comparison.

Rates and other information

The rate information displayed below showcases different insurance prices for Honda Insight models. Having knowledge of how auto insurance prices are figured is important to be able to make decisions when choosing a new policy provider.

Honda Insight Insurance Rates in Aurora, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $166 $362 $368 $22 $110 $1,028 $86
Insight EX $190 $426 $368 $22 $110 $1,116 $93
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Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Price information does not factor in your specific Aurora location which can modify premium rates considerably.

How high should deductibles be?

One of the hardest decisions when shopping for car insurance is which deductible level should you buy. The rates below sum up the premium difference of buying low and high physical damage deductibles. The first set of rates uses a $250 deductible and the second set of rates uses a $1,000 deductible.

Honda Insight insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $236 $458 $352 $20 $106 $1,197 $100
Insight EX $272 $538 $352 $20 $106 $1,313 $109
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Honda Insight insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $146 $288 $352 $20 $106 $912 $76
Insight EX $168 $340 $352 $20 $106 $986 $82
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Premium amounts do not factor in Aurora location which can affect coverage prices greatly.

Based on the data above, we can derive that using a $250 deductible could cost the average driver approximately $26 more each month or $312 for a full year across all Honda Insight models than opting for the higher $1,000 deductible. Because you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you have at a minimum 29 months between claim filings, you would come out ahead by selecting a higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $250 deductibles: $105
Average monthly premium for $1,000 deductibles (subtract): – $79
Monthly savings from raising deductible: $26
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 29 months

An important thing to remember is that raising deductibles to get cheaper rates results in more money out-of-pocket when you have a physical damage claim. It will be required that you have some extra funds in the event you have to pay the deductible to have repairs made.

Difference between full coverage and liability only rates

The information below visualizes the comparison of Honda Insight insurance costs when comparing full coverage to liability only. The prices are based on no tickets, no at-fault accidents, $1,000 deductibles, drivers are not married, and no discounts are applied.

When to stop buying physical damage coverage

There isn’t a steadfast formula for excluding comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s pretend your Honda Insight replacement cost is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would receive is $3,000 after paying the physical damage deductible. If you are currently paying more than $300 a year to have full coverage, then it might be time to buy liability only.

There are some circumstances where eliminating full coverage is not recommended. If you still owe a portion of the original loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not buy liability only.

Honda Insight Insurance Cost Factors

The best way to find cheaper auto insurance is to take a look at the different types of things that aid in calculating the rates you pay for auto insurance. If you know what determines base rates, this empowers consumers to make smart changes that could help you find much lower annual insurance costs.

Shown below are some of the items companies use to determine your prices.

Eliminate extra policy coverages – Insurance policies have a lot of extra bells and whistles that you can get tricked into buying on your auto insurance policy. Insurance for rental car coverage, towing, and Farm Bureau memberships may not be needed and are just wasting money. They may seem good when buying your policy, but your money might be better spent on other coverage so consider taking them off your policy.

Performance makes a difference – The type of vehicle you are trying to find cheaper insurance for makes a significant difference in your premium level. Lower performance four cylinder passenger vehicles usually have the lowest rates, but there are many factors that impact the final cost.

The chart below uses these variables: married female driver age 30, full coverage with $500 deductibles, and no discounts or violations. It shows Honda Insight policy rates compared to other makes and models that have a range of risk factors.

No auto insurance policy gaps is important – Having a lapse in insurance coverage is a fast way to increase your rates. And not only will insurance be more expensive, being ticketed for driving with no insurance might get you a fine, jail time, or a revoked license.

Lower rates come with age – Young drivers in Colorado are statistically shown to be inattentive when at the wheel of a vehicle so auto insurance rates are higher. Older drivers are more responsible, statistically cause fewer accidents, and receive fewer citations.

The chart below assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.

The more you drive the more you pay – The more you drive each year the higher your rates will be. Many insurance companies apply a rate based upon how much you drive. Cars that have low annual miles receive better premium rates than cars that get driven a lot. It’s a good idea to make sure your declarations sheet is rated on annual mileage, because it can save money. Improper usage on your Insight is throwing money out the window.

You are unique and your insurance should be too

When selecting proper insurance coverage, there is no cookie cutter policy. Coverage needs to be tailored to your specific needs.

For example, these questions could help you determine whether or not you would benefit from professional advice.

If you can’t answer these questions but a few of them apply, you may need to chat with an agent. To find an agent in your area, complete this form. It’s fast, free and may give you better protection.

Exclusive versus independent auto insurance agents

Some people still like to get advice from a local agent and that is OK! Insurance agents can make sure you are properly covered and help file insurance claims. A good thing about comparing auto insurance online is that you can find cheap rate quotes and still have an agent to talk to.

Insurance agents in AuroraTo help locate an agent, after submitting this short form, your coverage information is submitted to agents in your area who will return price quotes to get your business. It simplifies rate comparisons since you won’t have to do any legwork because prices are sent to your email. If you wish to get a comparison quote from a specific insurance company, feel free to find their quoting web page and complete a quote there.

Selecting an company requires more thought than just a cheap price quote. These are some questions you should get answers to.

If you want a good Aurora insurance agent, it can be helpful to understand the types of agencies and how they differ in how they can insure your vehicles. Agents are categorized either exclusive agents or independent agents. Both types can handle auto insurance, but it’s important to know the subtle differences since it can affect the type of agent you choose.

Exclusive Insurance Agencies

Exclusive agencies can only provide one company’s prices and some examples include Allstate, AAA, Farmers Insurance, and State Farm. They usually cannot provide other company’s prices so it’s a take it or leave it situation. These agents are well schooled in insurance sales which helps overcome the inability to quote other rates. A lot of people choose to use a exclusive agent mostly because of the prominence of the brand rather than low rates.

Below is a list of exclusive insurance agents in Aurora that can give you price quotes.

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Independent Agents

Agents of this type are not employed by one company so as a result can place your coverage through many companies and find you cheaper rates. If you are not satisfied with one company, your agent can switch companies and the insured can keep the same agent. When searching for an agent, you definitely need to get quotes from multiple independent agents to have the best price comparison. They often place coverage with different regional companies which can be an advantage.

Listed below are independent agencies in Aurora that are able to give price quotes.

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Upon getting good feedback to all your questions as well as a affordable price, most likely you have located an insurance agent that meets the criteria to adequately provide auto insurance. But remember, you can always cancel a policy when you choose so never assume you’re contractually obligated to a specific agent for the entire policy term.

Buying the right vehicle insurance in Colorado is an important decision

Despite the high cost of buying insurance for a Honda Insight in Aurora, insuring your vehicle is not optional due to several reasons.

First, the majority of states have mandatory insurance requirements which means you are required to buy a minimum amount of liability insurance if you don’t want to risk a ticket. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.

Second, if you have a lien on your vehicle, more than likely the lender will stipulate that you have comprehensive coverage to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the bank will be required to insure your Honda at a much higher rate and force you to pay the higher price.

Third, auto insurance protects not only your Honda but also your financial assets. Insurance will also pay for hospital and medical expenses for not only you but also any passengers injured in an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if you are sued as the result of your driving. If your car is damaged in a storm or accident, your policy will pay all costs to repair after the deductible has been paid.

The benefits of having insurance definitely exceed the price paid, especially for larger claims. On average, a vehicle owner in Aurora is wasting up to $800 each year so compare rate quotes once a year at a minimum to ensure rates are competitive.

Affordable insurance premiums are possible

Consumers switch companies for many reasons like delays in responding to claim requests, high rates after DUI convictions, policy cancellation and even questionable increases in premium. It doesn’t matter why you want to switch switching insurance companies is actually quite simple.

Budget-friendly insurance in Aurora is possible from both online companies and also from your neighborhood Aurora agents, so you need to quote Aurora car insurance with both so you have a total pricing picture. There are still a few companies who may not offer the ability to get a quote online and these small, regional companies provide coverage only through independent agencies.

We just showed you a lot of ways to save on Honda Insight insurance in Aurora. The key concept to understand is the more price quotes you have, the better chance you’ll have of finding affordable Aurora car insurance quotes. You may even discover the best prices are with a small mutual company.

Steps to buying affordable Honda Insight insurance in Aurora

The most effective way to get budget Honda Insight insurance in Aurora is to make a habit of regularly comparing prices from insurers that insure vehicles in Colorado. Rate comparisons can be done by completing these steps.

One piece of advice is to try to compare the same amount of coverage on every quote and and to look at every company you can. This helps ensure an apples-to-apples comparison and maximum price selection.

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