Best Ways to Save on Indianapolis Honda Insight Insurance

Amazingly, a recent NerdWallet.com study showed that nearly 70% of customers have stayed with the same insurance company for four years or more, and 38% of customers have never shopped around. American insurance shoppers can cut their rates by up to 47% a year by just comparing quotes, but they just don’t understand the amount of savings they would get if they switched to a cheaper policy.

The best way to find discount Honda Insight insurance is to make a habit of comparing prices annually from companies who sell insurance in Indianapolis. Prices can be compared by following these guidelines.

• Step 1: Read and learn about the different coverages in a policy and the measures you can take to keep rates in check. Many policy risk factors that result in higher prices like inattentive driving and poor credit rating can be amended by making minor driving habit or lifestyle changes.
• Step 2: Compare price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can give quotes from one company like Progressive or Allstate, while agents who are independent can provide price quotes for many different companies.
• Step 3: Compare the price quotes to the premium of your current policy to determine if you can save on Insight insurance. If you can save some money and change companies, ensure coverage does not lapse between policies.
• Step 4: Give proper notification to your current agent or company of your intention to cancel your current car insurance policy and submit the completed application along with a down payment for your new policy. Once the application is submitted, place your new certificate verifying coverage in an easily accessible location.

A key point to remember is to make sure you enter identical coverage information on every price quote and and to get rates from as many different companies as possible. Doing this provides a level playing field and the most accurate and complete price analysis.

The providers in the list below can provide quotes in Indianapolis, IN. If several companies are displayed, we suggest you visit two to three different companies to get a more complete price comparison.

Discount Indianapolis insurance quotes

Companies don’t always advertise all available discounts in an easy-to-find place, so the list below details some of the more common and also the lesser-known discounts you could be receiving when you buy Indianapolis auto insurance online.

• Low Mileage – Low mileage vehicles could qualify for slightly better rates than normal.
• Professional Organizations – Having an affiliation with qualifying employment or professional organizations is a simple method to lower premiums when getting a Indianapolis auto insurance quote.
• Driver’s Ed – Have your child successfully take a driver’s education course in school or through a local driver safety program.
• Buy New and Save – Buying a new car instead of a used Insight is cheaper because newer models keep occupants safer.
• College Student – Older children who are attending college and do not have access to a covered vehicle can be insured at a reduced rate.
• Air Bags and Passive Restraints – Cars that have air bags and/or automatic seat belt systems may get savings of 25 to 30%.
• Indianapolis Homeowners Pay Less – Being a homeowner may earn you a small savings because it demonstrates responsibility.
• Onboard Data Collection – Drivers who elect to allow their company to study where and when they drive by using a telematics device in their vehicle such as Drivewise from Allstate or Snapshot from Progressive could save a few bucks if they exhibit good driving behavior.
• Good Student Discount – This discount can save 20 to 25%. The good student discount can last until age 25.
• Multi-car Discount – Buying a policy with multiple cars on one policy can reduce rates for all insured vehicles.

Keep in mind that most discounts do not apply to the entire cost. A few only apply to the cost of specific coverages such as medical payments or collision. So even though it sounds like you could get a free insurance policy, insurance companies wouldn’t stay in business. But all discounts will positively reduce your overall premium however.

The example below compares Honda Insight auto insurance costs with and without discounts applied to the policy rates. The rates are based on a female driver, no claims or driving citations, Indiana state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, safe-driver, claim-free, homeowner, and multi-policy discounts applied.

Popular insurance companies and some of the premium reductions they offer can be read below.

• GEICO has discounts for multi-policy, good student, anti-lock brakes, air bags, military active duty, and anti-theft.
• Auto-Owners Insurance policyholders can earn discounts including student away at school, multi-policy, safe vehicle, multiple vehicles, and paperless.
• American Family offers discounts for multi-vehicle, Steer into Savings, good student, TimeAway discount, accident-free, bundled insurance, and early bird.
• Esurance includes discounts for anti-lock brakes, DriveSense, online quote, anti-theft, Switch & Save, and renters.
• Progressive discounts include online quote discount, online signing, homeowner, good student, multi-policy, multi-vehicle, and continuous coverage.
• State Farm offers premium reductions for good student, defensive driving training, Steer Clear safe driver discount, passive restraint, student away at school, and accident-free.
• AAA offers discounts including AAA membership discount, multi-policy, multi-car, pay-in-full, and good driver.

If you need low cost Indianapolis auto insurance quotes, ask every insurance company how you can save money. Some credits may not apply to policyholders in your state. To see insurance companies that offer some of these discounts in Indianapolis, click here.

Statistics and details

The rate information displayed next showcases estimates of insurance policy prices for Honda Insight models. Learning as much as possible about how auto insurance premiums are calculated helps drivers make informed coverage decisions.

Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Information does not factor in Indianapolis location which can revise insurance rates considerably.

Raise deductibles and save

One of the more difficult decisions when buying auto insurance is how high should the physical damage coverage deductibles be. The rates shown below can help show how much more rates are when you select higher and lower coverage deductibles. The first rate comparisons uses a $100 comprehensive and collision deductible and the second price chart uses a $500 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Rates do not factor in specific Indianapolis garaging location which can raise or lower insurance rates significantly.

We can estimate from the data above that using a $100 deductible could cost the average driver approximately $21 more each month or $252 annually than opting for the higher $500 deductible. Due to the fact that you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you go more than 19 months between claim filings, you would come out ahead if you choose a higher deductible. The table below illustrates how you can perform this determination yourself.

The chart below illustrates how choosing a deductible and can affect Honda Insight premium costs for different age groups. The information is based on a married male driver, comprehensive and collision coverage, and no additional discounts are factored in.

Insurance agent or online?

Certain consumers just want to go talk to an agent and doing so can bring peace of mind Licensed agents can make sure you are properly covered and help submit paperwork. The biggest benefit of comparing rates online is you can get lower rates and still choose a local agent. Supporting local insurance agencies is important especially in Indianapolis.

To find an agent, once you fill out this quick form, your insurance coverage information is transmitted to local insurance agents who will gladly provide quotes for your business. You won’t even need to search for an agent because quoted prices will be sent to you. If you want to get a price quote from a specific auto insurance provider, you can always jump over to their website and fill out their quote form.

Choosing an provider is decision based upon more than just a cheap quote. Any agent in Indianapolis should be willing to answer these questions.

• What is the financial rating for the quoted company?
• Do they receive special compensation for putting your coverage with one company over another?
• Does the agent help file claims?
• Are they giving you every discount you deserve?
• Is auto insurance their primary focus in Indianapolis?
• Will they make sure you get an adequate claim settlement?
• Did they already check your driving record and credit reports?

If you feel you receive acceptable answers to all your questions in addition to an acceptable price estimate, chances are good that you have found an insurance company that is a good match to service your policy.

Why you need insurance for your Honda vehicle

Even though it can be expensive, buying auto insurance serves an important purpose.

First, the majority of states have minimum liability requirements which means it is punishable by state law to not carry a minimum amount of liability coverage if you drive a vehicle. 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.

Second, if you have a loan on your vehicle, it’s guaranteed your bank will require that you have physical damage coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Honda for a lot more money and require you to fork over for it.

Third, auto insurance protects both your Honda and your personal assets. It also can pay for hospital and medical expenses that are the result of an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if you cause an accident and are sued. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.

The benefits of carrying enough insurance are without a doubt worth the cost, especially for larger claims. The average driver in America overpays more than $850 per year so compare rates each time the policy renews to save money.

The coverage is in the details

Knowing the specifics of your policy helps when choosing appropriate coverage and the correct deductibles and limits. Insurance terms can be ambiguous and coverage can change by endorsement.

Coverage for uninsured or underinsured drivers

This coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and also any damage incurred to your Honda Insight.

Because many people have only the minimum liability required by law (Indiana limits are 25/50/10), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Frequently these coverages do not exceed the liability coverage limits.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses such as rehabilitation expenses, nursing services, ambulance fees, surgery and funeral costs. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not universally available and may carry a deductible

Comprehensive insurance

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as vandalism, falling objects, rock chips in glass and fire damage. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Liability auto insurance

This will cover damages or injuries you inflict on people or other property by causing an accident. It protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/10 that means you have $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and $10,000 of coverage for damaged property. Another option is a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims like court costs, funeral expenses, medical services and emergency aid. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as large an amount as possible. Indiana requires drivers to carry at least 25/50/10 but it’s recommended drivers buy better liability coverage.

The chart below demonstrates why buying the state minimum limits may not be high enough to adequately cover claims.

Collision coverage

Collision coverage will pay to fix damage to your Insight resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like driving through your garage door, scraping a guard rail, hitting a mailbox, crashing into a ditch and crashing into a building. This coverage can be expensive, so consider dropping it from vehicles that are older. You can also choose a higher deductible on your Insight to get cheaper collision coverage.

Compare. Compare. Compare.

The cheapest Honda Insight insurance in Indianapolis can be sourced both online and also from your neighborhood Indianapolis agents, so get free Indianapolis auto insurance quotes from both of them to get a complete price analysis. Some companies may not have online price quotes and many times these smaller providers work with local independent agencies.

We’ve covered some good ideas how to compare Honda Insight insurance prices in Indianapolis. It’s most important to understand that the more rate comparisons you have, the higher the chance of saving money. Consumers may even find the lowest prices come from some of the lesser-known companies.

Drivers leave their current company for a number of reasons such as lack of trust in their agent, delays in responding to claim requests, being labeled a high risk driver or unfair underwriting practices. No matter why you want to switch, finding a new auto insurance company is pretty simple and you could end up saving a buck or two.

Additional auto insurance information is available at the links below

• Shopping for a Safe Car (Insurance Information Institute)
• What Car Insurance is Cheapest for High Mileage Drivers in Indianapolis? (FAQ)
• Who Has Affordable Auto Insurance for Single Moms in Indianapolis? (FAQ)
• Who Has Affordable Indianapolis Car Insurance Rates for a Toyota Highlander? (FAQ)
• Who Has the Cheapest Auto Insurance for Drivers Requiring a SR22 in Indianapolis? (FAQ)
• Who Has the Cheapest Indianapolis Car Insurance for Seniors? (FAQ)
• How Much are Car Insurance Quotes After a Speeding Ticket in Indianapolis? (FAQ)
• What is the Best Cheap Auto Insurance in Indiana? (FAQ)
• Who Has Cheap Indianapolis Car Insurance for Drivers Under 21? (FAQ)
• Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)
• Help Your Teen Be a Better Driver (State Farm)