Sick and tired of scraping the payment together to insure your Honda every month? You are in the same boat as most other car owners. There are many car insurance companies to buy insurance from, and although it’s nice to be able to choose, so many choices can make it hard to find the lowest rates.
The purpose of this post is to familiarize you with the most effective way to quote insurance and some tricks to saving. If you currently have a car insurance policy, you will be able to cut costs considerably using this strategy. Vehicle owners only need to know the proper methods to compare company rates over the internet.
It’s important that you understand the factors that go into determining insurance rates. Having a good understanding of what influences your rates helps enable you to make changes that may reward you with lower insurance prices.
Listed below are some of the factors that factor into rates.
Reducing your 2009 Honda Civic insurance rates doesn’t have to be difficult. The only requirement is to take a couple of minutes to get quotes online from several insurance companies. This can be accomplished in a couple of different ways.
It’s up to you which method you use, but ensure you’re using the exact same coverages and limits for every company. If you enter higher or lower deductibles it’s not possible to determine the lowest rate for your Honda Civic.
Consumers can’t ignore all the ads that promise big savings by companies like Progressive, GEICO, Allstate and State Farm. All the companies make the same claim of big savings if you switch to them.
How do they all make almost identical claims?
Different companies have a certain “appetite” for the type of driver that is profitable for them. For instance, a preferred risk could possibly be over the age of 40, owns a home, and has great credit. A customer who meets those qualifications will get the preferred rates and most likely will pay quite a bit less when switching companies.
Potential insureds who don’t measure up to the requirements will have to pay a more expensive rate and this can result in business not being written. The ads say “customers that switch” not “everyone that quotes” save that kind of money. That’s why insurance companies can advertise the savings.
Because of the profiling, you need to compare many company’s rates. It’s not possible to predict the company that will give you the biggest savings on Honda Civic insurance.
Properly insuring your vehicles can get expensive, but there could be available discounts that you may not know about. Certain discounts will be applied at the time of purchase, but lesser-known reductions have to be requested specifically in order for you to get them. If you’re not getting every credit you deserve, you are paying more than you should be.
Consumers should know that some credits don’t apply the the whole policy. The majority will only reduce individual premiums such as liability and collision coverage. Even though it may seem like you would end up receiving a 100% discount, companies don’t profit that way. But any discount will help reduce the amount you have to pay.
To see a list of providers offering insurance coverage discounts, click here.
When it comes to choosing coverage, there is no best way to insure your cars. Each situation is unique so your insurance needs to address that. For instance, these questions can help discover whether your personal situation will benefit from professional help.
If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of insurance companies in your area. It is quick, free and you can get the answers you need.
Learning about specific coverages of your policy aids in choosing which coverages you need at the best deductibles and correct limits. Insurance terms can be impossible to understand and nobody wants to actually read their policy. Shown next are the usual coverages offered by insurance companies.
Insurance for medical payments – Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like EMT expenses, surgery, ambulance fees and nursing services. They are used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays for damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things like rock chips in glass, a tree branch falling on your vehicle, fire damage and hitting a bird. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Collision coverages – Collision insurance covers damage to your Civic caused by collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for things like scraping a guard rail, colliding with another moving vehicle, colliding with a tree, rolling your car and damaging your car on a curb. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible in order to get cheaper collision rates.
Liability insurance – This provides protection from damage that occurs to other people or property. This coverage protects you from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which provides one coverage limit without having the split limit caps.
Liability can pay for things like court costs, structural damage, funeral expenses, legal defense fees and attorney fees. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase higher limits if possible.
Uninsured Motorist or Underinsured Motorist insurance – This protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your Honda Civic.
Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently the UM/UIM limits are set the same as your liablity limits.
When you buy insurance online, never buy less coverage just to save a little money. In many cases, drivers have reduced uninsured motorist or liability limits only to regret that the few dollars in savings costed them thousands. The aim is to get the best coverage possible at the best price.
In this article, we covered many tips how you can save on 2009 Honda Civic insurance. The key thing to remember is the more price quotes you have, the better chance you’ll have of finding lower rates. You may even find the lowest premiums are with some of the lesser-known companies. These smaller insurers may have significantly lower rates on certain market segments compared to the large companies like Allstate and Progressive.
Additional insurance coverage information is available at the links below