Cheap 2014 Honda Fit EV Insurance Rates

Want cheaper insurance coverage rates for your Honda Fit EV? No one cherishes buying insurance coverage, especially when they are paying too much. Big-name insurance companies like Progressive, State Farm and GEICO all claim big savings with advertising and it is difficult to separate fact from fiction and find the best price available.

It’s important to price shop coverage every six months because insurance rates change regularly. Just because you found the lowest price for Fit EV insurance six months ago there is a good chance you can find better rates now. Ignore everything you know about insurance coverage because you’re about to find out the tricks you need to know to save money, get proper deductibles and limits, all at the lowest rate.

Fast and Easy Car Insurance Quotes

Finding cheaper 2014 Honda Fit EV car insurance prices can be quick and easy. You just have to spend a little time to compare rate quotes online with multiple companies. This can be accomplished in just a few minutes using one of these methods.

  1. One of the simplest ways to find low rates is to use a rate comparison form like this one (opens in new window). This form eliminates the need for boring form submissions for each company. One quote request gets you price quotes from several companies.
  2. A more time consuming way to analyze rates consists of visiting the website of each company to complete a price quote. For sake of this example, let’s assume you want rates from State Farm, Liberty Mutual and GEICO. To get rate quotes you would need to visit each site to input your insurance 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.

It’s up to you which method you use, but double check that you are using exactly the same coverage information on every quote you get. If you compare different deductibles you can’t possibly find the best deal for your Honda Fit EV.

Do you qualify for discounts?

Properly insuring your vehicles can get expensive, buy you may qualify for discounts that many people don’t even know exist. Some trigger automatically when you get a quote, but some must be asked for prior to getting the savings. If you’re not getting every credit available, you are throwing money away.

  • Multiple Cars – Insuring all your vehicles on the same auto insurance policy qualifies for this discount.
  • Driver Safety – Taking a course in driver safety could save 5% or more depending on where you live.
  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems prevent accidents and will save you 10% or more.
  • New Car Discount – Putting insurance coverage on a new car can save up to 30% since new cars are generally safer.
  • Discount for Life Insurance – Select insurance companies reward you with better rates if you take out life insurance.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to enroll in driver’s education if offered at their school.

Consumers should know that most discounts do not apply to the entire policy premium. Some only reduce individual premiums such as comp or med pay. So when it seems like all the discounts add up to a free policy, it doesn’t quite work that way. Any qualifying discounts will reduce your premiums.

To see a list of insurance companies with the best auto insurance discounts, follow this link.

Don’t assume everyone needs the same coverage

When buying proper insurance coverage, there is no “best” method to buy coverage. Every situation is different and your policy should reflect that. Here are some questions about coverages that could help you determine whether you will benefit from professional help.

  • Who is covered by my policy?
  • Am I covered when driving on a suspended license?
  • Is extra glass coverage worth it?
  • At what point should I drop full coverage?
  • How much liability do I need to cover my assets?
  • Why am I required to buy liability insurance?
  • Does my medical payments coverage pay my health insurance deductible?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.

Honda Fit EV insurance rates consist of many parts

An important part of buying insurance is that you know the different types of things that go into determining the rates you pay for insurance. Having a good understanding of what controls the rates you pay helps enable you to make changes that will entitle you to much lower annual insurance costs.

  • High crash test scores lower rates – Cars with high safety ratings tend to have better insurance rates. The safest vehicles protect occupants better and any reduction in injury severity translates into fewer and smaller insurance claims and thus lower rates. If your Honda Fit EV earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
  • Optional equipment can affect rates – Purchasing a vehicle that has an advanced theft prevention system can help lower your rates. Anti-theft features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping car theft.
  • Pay less if you’re married – Getting married can actually save you money on your insurance policy. Having a spouse means you’re more responsible and it’s statistically proven that married drivers get in fewer accidents.
  • Traffic violations increase rates – Drivers who don’t get tickets receive lower rates than people who have multiple driving citations. Even a single ticket can bump up the cost by as much as thirty percent. Drivers who get severe violations such as DUI or reckless driving may be required to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to drive a vehicle legally.
  • Claim-free discounts can add up – If you frequently file small claims, you can expect higher rates. Insurance companies give discounts to policyholders who do not file claims often. Insurance coverage is intended for the bigger claims that can’t be paid out-of-pocket.
  • Low deductibles can be expensive – Deductibles for physical damage represent how much money you are required to spend if you file a covered claim. Physical damage coverage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Examples of covered claims are colliding with a building, damage caused by hail, and windstorm damage. The more money you’re willing to pay, the less your insurance will be for Fit EV insurance.
  • Liability insurance protects assets – The liability section of your policy is the protection if a court rules you are at fault for personal injury or accident damage. It provides legal defense which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so buy as much as you can afford.

Car insurance coverage specifics

Knowing the specifics of a car insurance policy can help you determine which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverages found on most car insurance policies.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses such as funeral costs, prosthetic devices, hospital visits, pain medications and doctor visits. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers you and your occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Collision insurance

This will pay to fix damage to your Fit EV from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as hitting a parking meter, backing into a parked car, driving through your garage door, crashing into a building and colliding with a tree. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as damage from a tornado or hurricane, a broken windshield, hitting a bird and hail damage. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage gives you protection when other motorists either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your 2014 Honda Fit EV.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Usually these coverages do not exceed the liability coverage limits.

Auto liability insurance

This coverage protects you from damages or injuries you inflict on other’s property or people that is your fault. This coverage protects you from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 50/100/50 that means you have a $50,000 limit per person for injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability coverage pays for things such as funeral expenses, attorney fees, bail bonds, legal defense fees and court costs. How much liability should you purchase? That is a personal decision, but you should buy higher limits if possible.

Quote more, save more

In this article, we covered a lot of tips how to get a better price on 2014 Honda Fit EV insurance. The most important thing to understand is the more rate comparisons you have, the better chance you’ll have of finding lower rates. You may be surprised to find that the biggest savings come from the least-expected company. These smaller insurers often have lower prices on specific markets than their larger competitors like Allstate and Progressive.

As you prepare to switch companies, it’s very important that you do not skimp on critical coverages to save a buck or two. There have been many cases where someone dropped physical damage coverage only to regret at claim time they didn’t purchase enough coverage. Your focus should be to buy a smart amount of coverage at the best price.

Even more information is available in the articles below: