Cheapest Insurance for a Honda Fit in Fort Wayne

A recent survey discovered that nearly 70% of customers have been with the same company for a minimum of four years, and nearly 40% of drivers have never compared rates with other companies. Most drivers in the U.S. can save almost 47% each year just by getting comparison quotes, but most undervalue the benefits if they switched to a more affordable policy.

The preferred way to get discount auto insurance rates is to annually compare prices from different companies who sell auto insurance in Fort Wayne.

1. Gain an understanding of what is in your policy and the changes you can make to prevent high rates. Many things that are responsible for high rates such as traffic citations, accidents, and an unacceptable credit score can be controlled by making minor driving habit or lifestyle changes.
2. Obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like GEICO and State Farm, while independent agents can quote prices for many different companies. View a list of agents
3. Compare the quotes to your existing coverage to determine if you can save on Fit insurance. If you find a better price and decide to switch, make sure coverage is continuous and does not lapse.

A key point to remember is that you’ll want to compare identical coverages on each quote and and to get quotes from as many carriers as you can. Doing this ensures an apples-to-apples comparison and a thorough price selection.

Rates and other information

The table shown next showcases estimates of insurance premium costs for Honda Fit models. Having a good grasp of how premiums are figured is important for making informed decisions when comparing rate quotes.

Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Price information does not factor in the specific area where the vehicle is garaged which can revise price quotes greatly.

Physical damage deductibles: Should you raise them?

When comparing car insurance rates, the most common question is which deductible level should you buy. The comparisons below outline the rate fluctuation when you buy lower versus higher physical damage deductibles. The first rate quote example uses a $250 deductible and the second price chart uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Rate quotes do not factor in specific garaging location which can decrease or increase coverage prices noticeably.

Based on the above data, using a $250 deductible could cost the average driver approximately $12 more each month or $144 annually than choosing the higher $500 deductible. Because you would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you go at a minimum 21 months between claims, you would more than likely save some money if you choose a higher deductible.

One important caveat is that a higher deductible means you will have to pay more when you have a comprehensive or collision claim. You will want to have a higher level of savings in order to pay the deductible for vehicle repair.

Safe drivers pay less for car insurance

The chart below illustrates how speeding tickets and fender-benders can drive up Honda Fit yearly insurance costs for different insured age categories. The premium estimates are based on a single male driver, full physical damage coverage, $250 deductibles, and no other discounts are factored in.

The Honda Fit Insurance Rate Equation

Lots of things are considered when you get a price on insurance. A few of the factors are predictable such as traffic violations, although some other factors are more transparent like where you live or your financial responsibility.

• File policy claims and pay more – Companies in Indiana provide better rates to insureds who do not rely on their insurance for small claims. If you tend to file frequent claims, you can look forward to either policy cancellation or increased premiums. Your car insurance is intended for claims that you cannot pay yourself.
• Your liability insurance limits – Your auto insurance policy’s liability coverage will afford coverage when you are determined to be liable for an accident. It will provide legal defense which can cost a lot. This coverage is very inexpensive compared to comp and collision, so buy as much as you can afford.
• Extra policy coverages you don’t need – Insurance policies have a lot of additional extra coverages that may not really be needed if you aren’t diligent. Coverages like personal injury protection, accidental death, and term life insurance may not be needed and are just wasting money. These may sound like a good investment when buying your policy, but if you don’t need them eliminate the coverages to reduce your premium.
• Pay more of a claim out-of-pocket – Physical damage protection, also called comprehensive and collision insurance, insures against damage to your Honda. Examples of some claims that would be covered would be a broken side mirror, collision with an animal, and burglary. Physical damage deductibles state the amount of money the insured will be required to pay before a claim is paid by your company. The more expense you’re willing to pay, the bigger discount you will receive.

• Honda Fit statistical loss data – Companies include the past claim history for a vehicle to calculate a price that offsets possible losses. Models that historically have a trend towards higher claim severity or frequency will cost more for specific coverages. The data below shows the actual insurance loss data for Honda Fit vehicles.

  For each coverage category, the claim amount for all vehicles, as a total average, is set at 100. Numbers that are below 100 imply a favorable loss record, while numbers that are greater than 100 indicate frequent claims or statistically larger claims.

  
  

  Auto Insurance Loss Data for Honda Fit Models

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Honda Fit	89	78	90	99	97	92

  BETTER

  AVERAGE

  WORSE

  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

How to find a good Fort Wayne car insurance company

Finding the right auto insurance company is difficult considering how many different companies there are to choose from in Indiana. The company ratings listed below could help you select which insurers to look at comparing price quotes from.

Top 10 Fort Wayne Car Insurance Companies Ranked by Claims Service

1. Progressive
2. Travelers
3. Liberty Mutual
4. Nationwide
5. USAA
6. GEICO
7. AAA Insurance
8. Safeco Insurance
9. Esurance
10. The General

Quote often and quote early

As you shop your coverage around, don’t be tempted to skimp on critical coverages to save a buck or two. Too many times, someone sacrificed collision coverage only to find out that it was a big error on their part. Your objective should be to purchase plenty of coverage at the best price, not the least amount of coverage.

Lower-priced Honda Fit insurance in Fort Wayne is possible online in addition to many Fort Wayne insurance agents, so get free Fort Wayne car insurance quotes from both of them to have the best selection. There are still a few companies who don’t offer online rate quotes and these small, regional companies provide coverage only through independent agents.

Additional detailed information can be read at these sites:

• Safety Belts FAQ (iihs.org)
• Who Has Affordable Fort Wayne Auto Insurance for College Students? (FAQ)
• Who Has Affordable Auto Insurance Quotes for Safe Drivers in Fort Wayne? (FAQ)
• Who Has Cheap Car Insurance Quotes for Drivers with Accidents in Fort Wayne? (FAQ)
• How Much are Auto Insurance Rates for a Ford Edge in Fort Wayne? (FAQ)
• Who Has the Cheapest Fort Wayne Auto Insurance for Drivers Over Age 70? (FAQ)
• Protect Yourself Against Auto Theft (Insurance Information Institute)
• What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
• New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
• Rental Car Insurance Tips (Insurance Information Institute)