Nobody likes buying car insurance, especially when they are aware that the cost is too high.
It's hard to believe, but most consumers have stayed with the same insurance company for a minimum of four years, and practically 40% of car insurance customers have never compared rates from other carriers. Many drivers in Indiana could save up to $700 each year by just comparing quotes, but they just feel it's too hard to save money by comparing rate quotes.
Insurance companies such as GEICO, 21st Century and Progressive all claim big savings with catchy ads and it is challenging if not impossible to ignore the promise of big savings and do the work needed to find the best deal.
You should take the time to shop coverage around every six months since prices are variable and change quite frequently. Even if you got the best rates on Honda Insight insurance in Indianapolis a couple years back you may be paying too much now. Ignore everything you know about car insurance because you're about to learn how to quote online to find better coverage on Honda Insight insurance in Indianapolis at a better price.
Cheap companies for Honda Insight insurance
The companies in the list below are our best choices to provide price comparisons in Indianapolis, IN. If the list has multiple companies, we recommend you get prices from several of them to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Premium amounts do not factor in specific location information which can revise coverage prices noticeably.
Violations and accidents raise rates
The information below highlights how traffic violations and at-fault fender-benders impact Honda Insight car insurance costs for different age groups of insureds. The information is based on a married female driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.
Get cheaper rates on Honda Insight insurance in Indianapolis with these car insurance discounts
Properly insuring your vehicles can get expensive, but you might be missing out on some discounts to reduce the price significantly. A few discounts will be applied when you quote, but lesser-known reductions have to be manually applied before being credited.
- Anti-theft Discount - Vehicles that have factory alarm systems and tracking devices are stolen less frequently and qualify for as much as a 10% discount.
- Include Life Insurance and Save - If the company offers life insurance, you could get lower premium rates if you buy life insurance from them.
- Driving Data Discount - Insureds that choose to allow companies to look at vehicle usage through the use of a telematics system like Drivewise from Allstate or In-Drive from State Farm could possibly reduce rates if their driving habits are good.
- Anti-lock Brake System - Vehicles equipped with ABS or steering control are safer to drive and qualify for as much as a 10% discount.
- Multi-Vehicle Discounts - Having several vehicles with the same car insurance company can reduce rates for all insured vehicles.
- Federal Employees - Having worked for a branch of the government can earn a discount up to 10% with select insurance companies.
As a footnote on discounts, most discounts do not apply to the entire policy premium. Some only reduce individual premiums such as liability and collision coverage. So when it seems like you can get free auto insurance, companies wouldn't make money that way. Any amount of discount will reduce your policy premium.
For a list of providers that have a full spectrum of discounts in Indiana, click this link.
Honda Insight Insurance Costs Can Be More Affordable
Many things are part of the calculation when pricing auto insurance. A few of the factors are predictable such as your driving record, although some other factors are more transparent such as your marital status and annual miles driven.
The itemized list below are some of the items used by insurance companies to determine your premiums.
Responsible credit scores equal low rates - Having a bad credit history factor in determining your rates. Therefore, if your credit score can use some improvement, you could save money insuring your Honda Insight if you clean up your credit. People with excellent credit tend to be better drivers and file fewer claims as compared to drivers with worse credit.
Careless driving means higher prices - Your driving citation history influences premium rates substantially. Good drivers pay lower auto insurance prices than bad drivers. Only having one chargable violation can increase rates by twenty percent. Drivers with license-revoking violations such as DUI or willful reckless driving might be required by their state to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to continue driving.
Safer vehicles cost less to insure - Cars with five star safety ratings tend to be cheaper to insure. Safer cars have better occupant injury protection and reduced instances of injuries translates into savings for insurance companies which can mean better rates for you.
More performance means higher prices - The make and model of the car you need insurance for makes a huge difference in your auto insurance rates. Since the Honda Insight is classified as a passenger car, insurance will be similar in price or lower than the average rate where you live in Indianapolis. Economy passenger cars usually are quite affordable to insure, but many other things help determine your insurance rates.
Get married and pay lower premiums - Having a wife or husband may cut your premiums on your auto insurance bill. Having a spouse is viewed as being more financially stable and statistics show married couples file fewer claims.
Discounts for auto and home policies - Most companies provide discounts to clients who have multiple policies with them. It's known as a multi-policy discount. Even with this discount applied, you may still want to compare Honda Insight rates in Indianapolis to ensure the best deal.
Liability coverage is peace of mind - Liability insurance will protect you in the event that you are determined to be liable for causing damage or personal injury in an accident. This coverage provides legal defense coverage starting from day one. It is affordable coverage compared to insuring for physical damage coverage, so insureds should have plenty of protection for their assets.
Raising deductibles lowers costs - Deductibles for physical damage are how much the insured will be required to pay before a claim is paid by your company. Physical damage insurance, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Some examples of claims that would be covered could be rearending another vehicle, collision with a deer, or theft of your vehicle. The more expense you're willing to pay, the less your company will charge you for insurance.
Do I need special coverages?
When it comes to choosing adequate coverage, there really isn't a "best" method to buy coverage. Your financial needs are unique.
Here are some questions about coverages that could help you determine whether you might need an agent's assistance.
- What if I total my Honda Insight and owe more than it's worth?
- How many claims can I have before being cancelled?
- Am I insured when driving a different vehicle?
- Can my teen driver be rated on a liability-only vehicle?
- Am I covered if hit by an uninsured driver?
- Are my company tools covered if they get stolen?
If you're not sure about those questions but one or more may apply to you then you might want to talk to an agent. To find lower rates from a local agent, complete this form.
Local neighborhood agents and auto insurance
Some people would rather sit down and talk to an agent and that is just fine! One of the benefits of getting free rate quotes online is you may find lower car insurance rates and still buy from a local agent. Buying from neighborhood insurance agencies is still important in Indianapolis.
After filling out this short form, your insurance data gets sent to local insurance agents in Indianapolis that can provide free Indianapolis car insurance quotes for your auto insurance coverage. You won't even need to contact any agents because quoted prices will be sent straight to your inbox. You can find the lowest rates and work with a local agent. If you want to get a rate quote from a particular provider, don't hesitate to find their quoting web page and fill out their quote form.
Two different types of auto insurance agents
When finding local Indianapolis agents, there are a couple of types of insurance agents and how they are distinctly different. Auto insurance agencies may be either independent (non-exclusive) or exclusive.
Independent Agents (or Brokers)
These type of agents are not locked into one company and that allows them to write policies with any number of different companies and potentially find a lower price. To transfer your coverage to a different company, your policy is moved internally which is easy for the insured. If you are comparing auto insurance prices, we recommend you check rates from a couple of independent agencies for maximum quote selection.
Below are Indianapolis independent insurance agents that can give you rate quotes.
Exclusive Auto Insurance Agents
These type of agents can only quote rates from one company like Allstate, Farmers Insurance or State Farm. They usually cannot compare other company's rates so always compare other rates. Exclusive agents receive extensive training on their products and sales techniques which helps them sell on service rather than price.
Shown below are Indianapolis exclusive insurance agencies who can help you get comparison quotes.
Selecting an auto insurance agent requires you to look at more than just the quoted price. Any agent in Indianapolis should have no problem answering these questions:
- How long have they worked with personal auto insurance coverage?
- Are all drivers listed on the coverage quote?
- Is the agent and/or agency licensed to do business in Indiana?
- Do they offer accident forgiveness?
- Is there a Errors and Omissions policy in force?
Can you really save that much by switching?
Auto insurance providers like Progressive, GEICO, Allstate and State Farm consistently run television and radio advertisements. They all make an identical promise that you can save just by switching your auto insurance policy to them. How is it possible that every company can make almost identical claims? It's all in the numbers.
All the different companies have a certain "appetite" for the type of driver that makes them money. For instance, a driver they prefer could possibly be between 25 and 40, insures multiple vehicles, and insures a new vehicle. Any person who meets those qualifications will get very good Indianapolis prices as well as pay quite a bit less when switching companies.
Potential insureds who do not fit those criteria will get higher premiums with the end result being the customer not purchasing. The ads say "customers that switch" not "everybody who quotes" save the amount stated. That is how companies can make those claims.
Different companies use different criteria so drivers must get Indianapolis car insurance quotes as often as possible. It's just too difficult to predict the company that will have the best Honda Insight insurance in Indianapolis.
Lower rates by being persistent
People who switch companies do it for a number of reasons such as high prices, poor customer service, high rates after DUI convictions or being labeled a high risk driver. It doesn't matter what your reason, finding a new car insurance company is less work than it seems.
As you restructure your insurance plan, do not buy less coverage just to save a little money. Too many times, an insured cut comprehensive coverage or liability limits and learned later that the savings was not a smart move. The aim is to purchase a proper amount of coverage for the lowest cost while still protecting your assets.
Lower-priced Honda Insight insurance in Indianapolis can be found both online and from local insurance agents, and you should compare rates from both to have the best selection. Some companies may not offer the ability to get a quote online and many times these regional carriers provide coverage only through independent agents.
Additional learning opportunities
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
- How Much are Indiana Car Insurance Quotes for Lyft Drivers? (FAQ)
- What is the Best Cheap Car Insurance in Gary, Indiana? (FAQ)
- Protecting Teens from Drunk Driving (Insurance Information Institute)
- What is Full Coverage? (Allstate)
- Frontal Crash Tests (iihs.org)
- What is Covered by GAP Insurance? (Allstate)