Compare Honda Insight Insurance Quotes in Raleigh

Sad but true, most auto insurance buyers kept their coverage with the same auto insurance company for four years or more, and almost 40% of drivers have never compared quotes from other companies. Consumers in North Carolina could pocket up to 10% a year just by getting comparison quotes, but most just don’t grasp how much money they would save if they switch to a new company.

To save the most money, the best way to get the cheapest Honda Insight insurance is to start doing an annual price comparison from companies in Raleigh.

• First, read about how car insurance works and the things you can control to keep rates low. Many rating factors that result in higher rates such as traffic violations, accidents, and poor credit can be amended by paying attention to minor details. Keep reading for more details to help prevent costly coverage and find discounts that may have been missed.
• Second, get rate quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only quote rates from one company like GEICO or Allstate, while independent agencies can provide prices for a wide range of insurance providers.
• Third, compare the new rates to your current policy premium to determine if you can save on Insight insurance in Raleigh. If you find a lower rate quote, make sure coverage is continuous and does not lapse.
• Fourth, provide proper notification to your current company to cancel your current coverage and submit the application along with any required down payment for your new policy. Once received, place your new certificate verifying proof of insurance with the vehicle registration.

A key point to remember is to use the same level of coverage on each quote request and and to get rates from as many companies as you can. This helps ensure the most accurate price comparison and a complete selection of prices.

Locating the best rates in Raleigh is actually very simple if you learn how to start. If you currently have a car insurance policy, you will definitely be able to get lower rates using these techniques. Vehicle owners only need an understanding of the proper way to compare rates on the web.

The companies shown below provide comparison quotes in North Carolina. If you want cheap auto insurance in Raleigh, NC, it’s a good idea that you click on several of them to get a more complete price comparison.

Do you qualify for discounts on Honda Insight insurance in Raleigh?

Companies that sell car insurance don’t always list all possible discounts in an easy-to-find place, so the list below details a few of the more well known as well as some of the hidden ways to save on car insurance.

• Policy Bundle Discount – If you can bundle your homeowners and auto insurance with one insurance company you could save over 10 percent off each policy depending on the company.
• Discounts for Safe Drivers – Insureds without accidents can pay as much as 50% less compared to accident prone drivers.
• Homeowners Savings – Owning your own home or condo can save a few bucks because owning a home requires personal responsibility.
• Military Deployment Discount – Having a family member in the military can result in better rates.
• Theft Deterrent System – Cars and trucks with anti-theft systems can help prevent theft and qualify for as much as a 10% discount.

A little note about advertised discounts, many deductions do not apply to the entire cost. The majority will only reduce individual premiums such as liability, collision or medical payments. Even though it may seem like all those discounts means the company will pay you, it just doesn’t work that way.

The example below illustrates the comparison of Honda Insight premium costs with and without discounts applied to the policy rates. The premiums are based on a female driver, no accidents or driving violations, North Carolina 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-policy, homeowner, safe-driver, claim-free, multi-car, and marriage discounts applied.

A few popular companies and a summarized list of policyholder discounts are detailed below.

• Esurance policyholders can earn discounts including anti-lock brakes, emergency road assistance, safety device, online shopper, and defensive driver.
• The Hartford discounts include anti-theft, air bag, driver training, bundle, defensive driver, good student, and vehicle fuel type.
• AAA may have discounts that include anti-theft, multi-policy, good student, education and occupation, and multi-car.
• GEICO offers premium reductions for military active duty, air bags, anti-theft, five-year accident-free, federal employee, and seat belt use.
• State Farm has savings for safe vehicle, accident-free, defensive driving training, multiple autos, good driver, Steer Clear safe driver discount, and anti-theft.

If you are trying to find inexpensive Raleigh car insurance quotes, ask all companies you are considering how you can save money. Some discounts might not apply in your state. To find providers who offer cheap Honda Insight insurance quotes in Raleigh, click here to view.

Insurance coverage analysis

The price information shown next highlights a range of rate quotes for Honda Insight models. Being more informed about how insurance policy premiums are calculated can benefit drivers when making smart choices when buying a policy.

Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Price information does not factor in specific location which can change price quotes noticeably.

Analysis of deductible levels

One of the hardest decisions when shopping for car insurance is how high should the physical damage deductibles be. The figures shown below may help to illustrate the rate fluctuation when you choose different physical damage deductibles. The first rate quote example uses a $100 deductible for comprehensive and collision coverage and the second rate table uses a $500 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Premium costs do not factor in Raleigh location which can revise coverage prices substantially.

Based on the above data, using a $100 deductible will cost you about $18 more each month or $216 for a full year averaged for all Insight models than requesting the higher $500 deductible. Since you would have to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you usually have more than 22 months between claims, you would probably be better off if you decide on a higher deductible. The table below shows how you can decide this on your own policy.

An important thing to remember is that increasing deductibles to save money means you will have to cover more of the damage yourself when you have a physical damage claim. That will require enough money stashed away in order to pay the deductible to have repairs made.

The diagram below demonstrates how choosing different deductibles and can raise or lower Honda Insight insurance rates for each age group. The premiums assume a single male driver, comprehensive and collision coverage, and no discounts are taken into consideration.

Honda Insight liability rates compared to full coverage

The chart below illustrates the difference between Honda Insight yearly insurance costs with full coverage compared to only the North Carolina minimum liability coverage. The price estimates are based on no accidents, no driving violations, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

Guidelines for dropping full coverage

There is no set guideline to exclude full coverage on your policy, but there is a general convention. If the yearly cost of full coverage is about 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.

For example, let’s pretend your Honda Insight replacement cost is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $7,000 after paying your deductible. If you are paying over $700 a year for comprehensive and collision coverage, then you might consider buying liability only.

There are some circumstances where buying only liability insurance is not a good idea. If you have an outstanding loan on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.

What if I want to buy from local Raleigh insurance agencies?

A small number of people still like to get professional advice from a licensed agent and that is OK! Most agents are trained risk managers and help file insurance claims. One of the best bonuses of comparing rate quotes online is that drivers can save money and get lower rates but still work with a licensed agent.

For easy comparison, once you complete this form (opens in new window), your insurance coverage information is emailed to insurance agents in Raleigh who will give you bids and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to contact any insurance agencies as quotes are delivered to you instantly. If you wish to quote rates from a specific company, don’t hesitate to navigate to their website and submit a quote form there.

Finding the right company requires more thought than just a low price. Some important questions to ask are:

• Which family members are covered?
• Do they reduce claim amounts on high mileage vehicles?
• Where would glass claims be handled in Raleigh?
• How often do they review coverages?
• Is the agent CPCU or CIC certified?
• How long have they worked with personal auto insurance coverage?
• What are the financial ratings for the companies they represent?
• Is the agency active in community causes in Raleigh?

When finding a reputable agency, there are two different types of agencies that you can select. Insurance agencies in Raleigh can either be independent or exclusive depending on the company they work for. Either type can write policy coverage, but it’s important to point out why they differ since it can impact which agent you choose.

Exclusive Auto Insurance Agents

Exclusive agents are contracted to one company and some examples include AAA, Allstate, State Farm, or Farmers Insurance. They usually cannot provide rate quotes from other companies so you need to shop around if the rates are high. Exclusive insurance agents are usually well trained in insurance sales which aids in selling service over price.

Below are exclusive agents in Raleigh that can give you rate quotes.

More insurance agents

Independent Auto Insurance Agencies

Independent insurance agents are appointed with more than one company so they can write business through many companies and find you the best rates. If they find a cheaper price, they can switch companies in-house which is easy for the insured. If you are trying to find cheaper rates, we highly recommend that you get several quotes from at a minimum one independent agency so that you can do a thorough price comparison.

The following is a short list of independent insurance agents in Raleigh who can help you get rate quotes.

More insurance agents

Why Informed Drivers Pay Less for Honda Insight Insurance

Smart consumers have a good feel for some of the elements that help determine the price you pay for car insurance. When consumers understand what impacts premium levels, this helps enable you to make changes that will entitle you to better car insurance rates. Many things are taken into consideration when you get your auto insurance bill. Some are pretty understandable like an MVR report, but others are not as apparent like your continuous coverage or your vehicle rating.

Shown below are a few of the things used by companies to determine prices.

• Maintain car insurance coverage – Going without insurance is a guaranteed way to increase your rates. And not only will insurance be more expensive, being ticketed for driving with no insurance will get you a revoked license or a big fine.
• Rural areas have lower costs – Residing in small towns and rural areas may provide you with better prices when talking about car insurance. Fewer drivers means fewer accidents in addition to lower liability claims. People who live in big cities have more auto accidents and a longer drive to work. The longer drive time means higher likelihood of an accident.
• Vehicles with better crash test results save money – Vehicles with high crash test scores get lower rates. Vehicles engineered for safety protect occupants better and fewer injuries means lower claim amounts which can mean better rates for you. If your Honda Insight scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
• Physical damage deductibles – Comp and collision deductibles are how much you are willing to pay before your car insurance pays a claim. Coverage for physical damage, aka comp and collision, covers damage that occurs to your car. Some examples of claims that would be covered are rear-ending another vehicle, fire damage, or theft of your vehicle. The more you are required to pay out-of-pocket, the bigger discount you will receive.

Why you need quality insurance for your Insight

Despite the high cost, paying for auto insurance may be required and benefits you in several ways.

• Almost all states have mandatory liability insurance requirements which means the state requires a specific minimum amount of liability protection in order to get the vehicle licensed. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you bought your Insight with a loan, it’s guaranteed your bank will force you to have physical damage coverage to guarantee their interest in the vehicle. If the policy lapses, the bank will be required to insure your Honda at an extremely high rate and force you to reimburse them for it.
• Insurance safeguards your Honda and your assets. Insurance will pay for medical bills for yourself as well as anyone injured by you. Liability insurance will also pay for a defense attorney if someone files suit against you as the result of an accident. If mother nature or an accident damages your car, your policy will cover the repair costs.

The benefits of carrying adequate insurance greatly outweigh the cost, especially for larger claims. In a recent study of 1,000 drivers, the average customer is overpaying more than $865 each year so we recommend shopping around once a year at a minimum to ensure rates are inline.

Best car insurance company in North Carolina

Picking the right insurance provider can be challenging considering how many companies there are in Raleigh. The company ratings displayed below can help you analyze which providers to look at purchasing coverage from.

Top 10 Raleigh Car Insurance Companies by A.M. Best Rank

1. Travelers – A++
2. USAA – A++
3. GEICO – A++
4. State Farm – A++
5. Titan Insurance – A+
6. Esurance – A+
7. Progressive – A+
8. The Hartford – A+
9. Allstate – A+
10. Nationwide – A+

Quote more to save more

Discount Honda Insight insurance in Raleigh can be sourced on the web as well as from independent agents in Raleigh, and you need to comparison shop both to have the best chance of lowering rates. Some insurance providers don’t offer the ability to get quotes online and usually these regional insurance providers sell through local independent agencies.

As you shop your coverage around, make sure you don’t skimp on coverage in order to save money. There have been many cases where someone dropped physical damage coverage to discover at claim time that the savings was not a smart move. Your focus should be to buy a smart amount of coverage at the best possible price, not the least amount of coverage.

More tips and info about car insurance can be found in the articles below:

• Vehicle Size and Weight FAQ (iihs.org)
• Who Has the Cheapest Car Insurance for a Nissan Sentra in Raleigh? (FAQ)
• Who Has Cheap Raleigh Car Insurance Quotes for a Toyota Camry? (FAQ)
• Who Has Affordable Auto Insurance for College Students in Raleigh? (FAQ)
• Who Has Affordable Auto Insurance Rates for Drivers Over Age 70 in Raleigh? (FAQ)
• Older Driver Statistics (Insurance Information Institute)
• New head restraint design cuts injuries (Insurance Institute for Highway Safety)
• Side Impact Crash Tests (iihs.org)
• How Does Hitting a Deer Impact Insurance Rates? (Allstate)