View 2008 Honda Fit Insurance Rates

Searching for lower insurance coverage rates for your Honda Fit? Locating low-cost insurance for a Honda Fit can be a lot of work, but you can follow these tips to find lower rates.

There is a right way and a wrong way to shop for insurance coverage so you’re going to learn the proper way to compare rates for a Honda and get the lowest price.

Where Can I Get Cheap Insurance?

Finding cheaper 2008 Honda Fit insurance prices is a fairly straight forward process. Drivers just need to spend a few minutes comparing price quotes provided by online insurance companies. This can be accomplished in a couple of different ways.

  1. Probably the best way consumers can analyze rates is to use a rate comparison form click to view form in new window. This method eliminates the need for boring form submissions for every insurance company. In just a few minutes this one form gets you coverage quotes from insurance companies with the best prices. Recommended for those who want to invest the least amount of time.
  2. A slightly less efficient method to obtain and compare quotes online is to take the time to go to the website for every company you want to comare and fill out their own quote form. For sake of this example, we’ll assume you want to compare Allstate, Farmers and Progressive. You would have to visit each site to enter your coverage information, and that’s why the first method is more popular. For a handy list of car insurance company links in your area, click here.
  3. The least recommended way of comparing rate quotes is to waste gas driving to local insurance agencies. Buying insurance online eliminates the need for an insurance agent unless you require the professional guidance of a local agent. Drivers can get the lowest quotes online but still have the advice of a local agent and we’ll cover that in a bit.

It doesn’t matter which method you choose, just ensure you are comparing identical coverage information for every quote you compare. If you are comparing different deductibles it will be impossible to find the best deal for your Honda Fit.

Policy discounts you shouldn’t miss

The price of auto insurance can be rather high, but you may find discounts that you may not know about. Larger premium reductions will be automatically applied at the time of purchase, but a few must be asked for before you get the savings. If they aren’t giving you every credit available, you are throwing money away.

  • Auto/Home Discount – When you combine your home and auto insurance with one insurance company you could get a discount of approximately 10% to 15%.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.
  • Early Signing – A few companies offer discounts for switching policies prior to your current policy expiration. This can save 10% or more.
  • Homeowners Discount – Simply owning a home may trigger a car insurance policy discount because owning a home is proof that your finances are in order.
  • Senior Citizens – If you qualify as a senior citizen, you may receive a discount up to 10% on Fit coverage.
  • Government Employees – Employees or retirees of the government can save as much as 8% on Fit coverage with certain companies.
  • Resident Student – Youth drivers who attend school more than 100 miles from home without a vehicle on campus may be able to be covered for less.
  • Discounts for Safe Drivers – Insureds without accidents can pay as much as 50% less on Fit coverage than drivers with accidents.

Drivers should understand that most credits do not apply to the overall cost of the policy. Most only reduce the cost of specific coverages such as comp or med pay. So when the math indicates all the discounts add up to a free policy, you’re out of luck. Any amount of discount will reduce the cost of coverage.

For a list of insurers offering car insurance discounts, click here.

Insurance agents can help

When it comes to choosing proper insurance coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is unique.

For example, these questions might help in determining if your insurance needs would benefit from professional advice.

  • Does insurance cover damages from a DUI accident?
  • Is motorclub coverage worth it?
  • What is covered by UM/UIM coverage?
  • Why am I required to buy high-risk coverage?
  • Does coverage extend to my business vehicle?
  • Is there coverage for injuries to my pets?
  • Is my teenager covered with friends in the car?
  • What if I owe more than I can insure my car for?
  • Can my teen driver be rated on a liability-only vehicle?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, take a second and complete this form. It is quick, free and may give you better protection.

Why your Honda Fit insurance rates may be high

An important part of buying insurance is that you know the rating factors that go into determining the rates you pay for auto insurance. When you know what positively or negatively determines base rates helps enable you to make changes that could result in big savings.

  • Lower rates with optional equipment – Owning a car with an alarm system can get you a discount on your auto insurance. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent your vehicle from being stolen.
  • Higher safety ratings means cheaper insurance – Vehicles with high crash test scores get lower rates. Safe vehicles result in less severe injuries and lower injury rates translates into fewer and smaller insurance claims and more competitive rates for policyholders. If your Honda earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
  • Pay less if you’re married – Being married helps lower the price on auto insurance. It means you’re more responsible and it’s proven that being married results in fewer claims.
  • Do you qualify for a multi-policy discount? – Some insurance companies will give a discount to customers who have multiple policies with them, otherwise known as a multi-policy discount. Even if you’re getting this discount you may still want to comparison shop to make sure you are getting the best deal.
  • Your auto insurance rates can be influenced by your job – Did you know your occupation can influence how much you pay for auto insurance? Careers like doctors, architects and financial analysts have higher average rates attributed to job stress and long work days. Conversely, professions such as pilots, engineers and homemakers get better rates on Fit coverage.
  • The more you drive the more you pay – The higher the mileage driven every year the more you’ll pay to insure your vehicle. The majority of insurers rate vehicles based on how the vehicle is used. Autos used primarily for pleasure use receive lower rates than those used for commuting. Double check that your auto insurance declarations sheet is rated on the correct usage for each vehicle, because improper ratings can cost you money. Incorrect usage on your Fit may be wasting your money.
  • Men are more aggressive – Statistics have proven that men are more aggressive behind the wheel. However, this does not mean women are better drivers. Both sexes have accidents in similar percentages, but the males have costlier accidents. They also get more serious tickets like DUI and reckless driving. Young males tend to get in the most accidents and therefore have the most expensive auto insurance rates.
  • Don’t buy coverages you don’t need – There are a lot of extra bells and whistles that you can buy if you aren’t careful. Coverages like rental car reimbursement, towing coverage and membership fees are examples of these. These coverages may sound good initially, but your needs may have changed so get rid of them and save.

Buyer beware of car insurance advertising tricks

Drivers get pounded daily by advertisements for car insurance savings from the likes of Progressive, GEICO, Allstate and State Farm. They all seem to have a common claim that you can save if you move your coverage to them.

How does each company say the same thing? It’s all in the numbers.

Insurance companies have a certain “appetite” for the driver that makes them money. For example, a desirable insured might be between the ages of 40 and 55, has no prior claims, and has excellent credit. A propective insured who matches those parameters is entitled to the best price and therefore will save when they switch companies.

Potential customers who fall outside this ideal profile must pay higher prices which leads to the customer not buying. The ads say “drivers who switch” but not “drivers who get quotes” save that kind of money. This is how insurance companies can confidently state the savings.

This illustrates why it is so important to quote coverage with many companies. It’s just too difficult to predict the company that will provide you with the cheapest Honda Fit insurance rates.

Insurance coverage options for a 2008 Honda Fit

Knowing the specifics of insurance helps when choosing the right coverages and proper limits and deductibles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording.

Comprehensive coverage – This coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as rock chips in glass, damage from getting keyed, a tree branch falling on your vehicle, hitting a bird and fire damage. The maximum amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Medical payments coverage and PIP – Med pay and PIP coverage kick in for immediate expenses for prosthetic devices, doctor visits and hospital visits. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants in addition to if you are hit as a while walking down the street. PIP coverage is not universally available and may carry a deductible

Collision – This coverage covers damage to your Fit resulting from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like driving through your garage door, hitting a mailbox, sustaining damage from a pot hole, backing into a parked car and scraping a guard rail. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. You can also choose a higher deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Honda Fit.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time these coverages are similar to your liability insurance amounts.

Liability car insurance – Liability coverage protects you from damage that occurs to a person or their property by causing an accident. It protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things like loss of income, legal defense fees, repair bills for other people’s vehicles, pain and suffering and emergency aid. How much liability coverage do you need? That is a personal decision, but you should buy as high a limit as you can afford.

Be a smart shopper

Throughout this article, we presented many tips how you can shop for 2008 Honda Fit insurance online. The key thing to remember is the more companies you get rates for, the better your chances of lowering your rates. You may even find the best price on insurance coverage is with a lesser-known regional company.

The cheapest insurance can be found both online as well as from independent agents, and you should compare price quotes from both to get a complete price analysis. Some insurance providers don’t offer you the ability to get quotes online and these smaller companies work with independent agents.

While you’re price shopping online, do not reduce needed coverages to save money. There have been many situations where an insured dropped liability coverage limits and discovered at claim time that the small savings ended up costing them much more. The proper strategy is to purchase plenty of coverage for the lowest price while still protecting your assets.

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