Best Honda Pilot Insurance in Indianapolis

No normal person likes paying for auto insurance, in particular when the cost is way too high.

Statistics show that the vast majority of auto insurance customers have bought auto insurance from the same company for four years or more, and almost half have never quoted rates to find cheaper coverage. Most drivers in Indianapolis could save up to 55% every year, but they feel it’s too difficult to compare rate quotes.

Steps to buying discount Honda Pilot insurance in Indianapolis

Truthfully, the best way to get the cheapest car insurance rates in Indianapolis is to start comparing prices regularly from insurers that insure vehicles in Indiana.

First, read about how your policy works and the measures you can take to keep rates in check. Many rating factors that are responsible for high rates like high-risk driving behaviors and a negative credit rating can be controlled by making small lifestyle or driving habit changes.

Second, obtain price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from a single company like GEICO and Allstate, while agents who are independent can quote rates from multiple insurance companies.

Third, compare the price quotes to your existing rates to see if a cheaper price is available in Indianapolis. If you find a better price and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

Fourth, provide notification to your current company of your intention to cancel your current policy. Submit payment and a completed application to the new company. Make sure you keep your new certificate of insurance with your registration paperwork.

One piece of advice is that you’ll want to compare the same physical damage deductibles and liability limits on every price quote and and to look at as many different companies as possible. This guarantees an apples-to-apples comparison and a thorough price selection.

Insurance companies such as Allstate and Progressive increase brand awareness with ads and it is challenging if not impossible to see through the deception and do the work needed to find the best deal.

You should make it a habit to quote other rates every six months since prices are usually higher with each renewal. Just because you found the best rates on Honda Pilot insurance in Indianapolis a couple years back you can probably find a better rate quote now. There is lot of inaccurate information about Pilot insurance on the internet, but by reading this article, you’re going to learn a lot of great tips on how to quit paying high auto insurance rates in Indianapolis.

The auto insurance companies shown below can provide price quotes in Indianapolis, IN. If multiple companies are listed, it’s a good idea that you compare several of them to find the cheapest auto insurance rates.

Protect your Honda Pilot and other assets

Despite the high cost, insuring your vehicle is most likely required but also gives you several important benefits.

• The majority of states have mandatory liability insurance requirements which means state laws require a specific level of liability insurance coverage in order to drive the car. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you bought your Honda with a loan, most lenders will require you to have full coverage to guarantee their interest in the vehicle. If you let the policy lapse, the bank will be required to insure your Honda for a lot more money and require you to fork over the higher price.
• Insurance safeguards both your assets and your Honda Pilot. Insurance will pay for most medical and hospital costs for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, also pays expenses related to your legal defense if you are sued as the result of an accident. If damage is caused by hail or an accident, your auto insurance policy will cover the repair costs.

The benefits of having insurance greatly outweigh the cost, specifically if you ever have a liability claim. But the average American driver overpays as much as $750 every year so we recommend shopping around at every policy renewal to ensure rates are inline.

Honda Pilot coverage analysis

The premium information displayed next showcases different coverage prices for Honda Pilot models. Having a better idea how insurance rates are figured can help drivers make decisions on the best policy to buy.

Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Prices do not factor in your specific Indianapolis location which can revise coverage rates noticeably.

Should you raise deductibles?

When buying insurance, a common question is where to set your physical damage deductibles. The premium rates below illustrate the difference in cost between low and high comp and collision deductibles. The first rate estimation uses a $100 deductible for comprehensive and collision coverage and the second set of prices uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Prices do not factor in specific location information which can change coverage prices considerably.

We can estimate from the data above that using a $100 deductible could cost the average driver approximately $19 more each month or $228 each year averaged for all Pilot models than opting for the higher $500 deductible. Because you would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you normally average at a minimum 21 months between claims, you would save more money if you elect the higher deductible.

Insurance rate increases from tickets or accidents

The example below shows how violations and at-fault collisions drive up Honda Pilot premium costs for different age groups. The data assumes a married male driver, full coverage, $1,000 deductibles, and no discounts are applied.

Male drivers compared to female drivers in Indianapolis

The illustration below illustrates the difference between Honda Pilot annual premium costs for male and female drivers. The rate quotes are based on no accidents or driving violations, full coverage, $1,000 deductibles, single marital status, and no discounts are factored in.

Save money with these discounts

Auto insurance companies don’t always list every available discount in a way that’s easy to find, so the next list breaks down a few of the more well known as well as some of the hidden credits that you can use to lower your rates.

• Pay Now and Pay Less – If you can afford to pay the entire bill rather than spreading payments over time you can actually save on your bill.
• Telematics Data Discounts – Policyholders that allow their insurance company to track when and where they use their vehicle by using a telematic data system like Drivewise from Allstate or In-Drive from State Farm could see a rate decrease if they exhibit good driving behavior.
• Military Rewards – Having a deployed family member could be rewarded with lower rates.
• Federal Employees – Simply working for the federal government can save as much as 8% depending on your company.
• Drivers Ed for Students – Cut your cost by having your teen driver enroll and complete driver’s education in high school.
• Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes can avoid accidents and therefore earn up to a 10% discount.
• Senior Citizen Discount – Seniors may qualify for a discount up to 10%.
• Auto/Home Discount – If you combine your auto and homeowners policies with the same company they may give you a discount of at least 10% off all policies.
• Distant College Student Discount – Children who are attending college and don’t have a car can be insured at a reduced rate.

It’s important to understand that most credits do not apply to all coverage premiums. Some only apply to specific coverage prices like physical damage coverage or medical payments. So even though you would think all the discounts add up to a free policy, that’s just not realistic. Any amount of discount should help reduce your policy cost.

The diagram below illustrates the comparison of Honda Pilot annual premium costs with and without policy discounts. The rates are based on a female driver, no claims or driving citations, Indiana 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 homeowner, claim-free, multi-policy, safe-driver, multi-car, and marriage discounts applied.

Large auto insurance companies and their possible discounts include:

• Progressive discounts include online quote discount, homeowner, multi-vehicle, continuous coverage, and multi-policy.
• GEICO policyholders can earn discounts including membership and employees, federal employee, driver training, multi-policy, anti-theft, and emergency military deployment.
• State Farm may have discounts that include passive restraint, student away at school, Drive Safe & Save, anti-theft, accident-free, and safe vehicle.
• Esurance includes discounts for online shopper, online quote, defensive driver, emergency road assistance, and homeowner.
• The Hartford has savings for bundle, anti-theft, driver training, good student, and defensive driver.

Before purchasing a policy, check with all companies you are considering which discounts you qualify for. Savings might not be offered in your area. If you would like to choose from a list of insurance companies who offer online Honda Pilot insurance quotes in Indianapolis, follow this link.

Your auto insurance coverage should be tailored to you

When quoting and choosing coverage online or from an agent, there really is not a perfect coverage plan. Your needs are not the same as everyone else’s.

These are some specific questions can help discover whether you could use an agent’s help.

• When should I have rental car coverage?
• Do I get a pro-rated refund if I cancel my policy early?
• Am I covered when delivering products for my home-based business?
• Where can I find high-risk insurance?
• Does my insurance cover a custom paint job?
• Does rental coverage apply when I am renting a car?
• Will my Honda Pilot be repaired with OEM or aftermarket parts?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.