Honda Insight Insurance Quotes in Boston

Insurance rates Honda Insight in BostonHave you finally had enough of robbing Peter to pay Paul to pay your auto insurance bill each month? You are no different than millions of other vehicle owners.

Inconceivable but true, almost 70% of drivers in Massachusetts kept their coverage with the same auto insurance company for more than four years, and practically 40% of auto insurance customers have never compared rate quotes at all. U.S. insurance shoppers could save themselves as much as 46.5% a year by just shopping around, but they just don’t understand the rate savings if they replace their high priced policy.

How to save money on Honda Insight insurance in Boston

If you want to find the absolute lowest rates, then the best way to find the cheapest price for Honda Insight insurance is to do a yearly price comparison from companies who can sell car insurance in Boston. You can shop around by completing these steps.

A good tip to remember is to use similar coverage information on every quote and and to compare as many companies as feasibly possible. Doing this helps ensure a fair price comparison and the best rate selection.

Because there are so many choices for buying cheap insurance for a Honda Insight in Boston, it is hard for the average consumer to find the cheapest company.

Best Honda Insight insurance prices in Massachusetts

The companies shown below can provide comparison quotes in Boston, MA. To get the best cheap car insurance in Boston, we recommend you visit two to three different companies to get the lowest price.

Honda Insight insurance statistics and information

The coverage table displayed below covers different insurance rates for Honda Insight models. Learning as much as possible about how insurance prices are established can be of help when making smart buying decisions.

Honda Insight Insurance Rates in Boston, MA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $204 $400 $344 $20 $104 $1,072 $89
Insight EX $234 $472 $344 $20 $104 $1,174 $98
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Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Massachusetts minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Prices do not factor in your specific Boston location which can alter auto insurance rates greatly.

Physical damage deductibles

One common question asked by Boston drivers is how high should the deductibles for physical damage be. The rates below may aid in understanding the differences in price when you buy lower versus higher physical damage coverage deductibles. The first rate comparisons uses a $100 comprehensive and collision deductible and the second set of rates uses a $1,000 deductible.

Honda Insight insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $250 $520 $334 $20 $100 $1,249 $104
Insight EX $288 $612 $334 $20 $100 $1,379 $115
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Honda Insight insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $140 $274 $334 $20 $100 $868 $72
Insight EX $160 $322 $334 $20 $100 $936 $78
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Table data does not factor in vehicle location which can decrease or increase insurance rates substantially.

Based on these figures, using a $100 deductible will cost you about $35 more each month or $420 annually than opting for the higher $1,000 deductible. Since you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average at least 26 months between claims, you would save money by selecting a higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $100 deductibles: $110
Average monthly premium for $1,000 deductibles (subtract): – $75
Monthly savings from raising deductible: $35
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $35
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

One important note is that raising deductibles to get cheaper rates means you will have to pay more of your own money when you have a claim. You will want to have some funds available in order to pay more for the deductible.

The chart below highlights how deductible selection and can affect Honda Insight insurance rates for different ages of insureds. The rates are based on a married male driver, comp and collision included, and no policy discounts are applied.

Does full coverage make sense?

The chart below shows the comparison of Honda Insight auto insurance rates with and without full coverage. The price estimates are based on a clean driving record, no at-fault accidents, $100 deductibles, marital status is single, and no other discounts are factored in.

Deciding between full coverage and liability only

There isn’t a written rule of when to drop full coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

For example, let’s pretend your Honda Insight book value is $6,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $5,000 after paying your deductible. If you are paying over $500 annually for full coverage, then you might want to consider buying only liability coverage.

There are a few situations where only buying liability is not financially feasible. If you haven’t paid off your loan, you have to carry full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not remove full coverage.

Boston car insurance discounts

Companies offering auto insurance don’t always list all discounts in an easy-to-find place, so the next list breaks down both well-publicized and the harder-to-find discounts that you may qualify for.Discount car insurance

Policy discounts save money, but some of the credits will not apply to the entire cost. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. If you do the math and it seems like you could get a free car insurance policy, that’s just not realistic.

The chart below shows the difference between Honda Insight car insurance rates with and without some available policy discounts. The data is based on a male driver, no accidents, no driving violations, Massachusetts state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, safe-driver, multi-policy, claim-free, and homeowner discounts applied.

Popular car insurance companies and some of their more popular discounts include:

When getting a coverage quote, ask all the companies to give you their best rates. Discounts may not be offered in Boston. If you would like to choose from a list of insurers with discount car insurance rates in Massachusetts, follow this link.

How to Lower Your Insurance Rates

Many things are taken into consideration when pricing auto insurance. Most are fairly basic like an MVR report, although some other factors are less obvious like your vehicle usage and annual miles driven.

The itemized list below are some of the factors used by companies to determine prices.

High physical damage deductibles reduce rates – Physical damage protection, termed comprehensive and collision coverage on your policy, is used to repair damage to your vehicle. Examples of some claims that would be covered could be colliding with a building, collision with an animal, and damage caused by flying debris. Comprehensive and collision coverage deductibles represent how much money you are willing to pay if a covered claim is submitted. The more damage repair cost you pay before a claim is paid (deductible), the bigger discount you will receive.

Males pay more for insurance coverage – Statistics show that women are safer drivers than men. This data doesn’t prove that males are worse at driving than females. Females and males are responsible for accidents in similar percentages, but men have costlier accidents. Men also tend to get cited for more serious violations like driving under the influence (DUI).

The diagram below illustrates the comparison of Honda Insight insurance costs for male and female drivers. The rate quotes are based on no claims or violations, full physical damage coverage, $250 deductibles, single status, and no discounts are applied to the premium.

Bad credit will cost you – Having a good credit score will be a significant factor in calculating your auto insurance rates. People with high credit ratings tend to be better drivers and file fewer claims than those with lower credit scores. So if your credit rating is not that good, you may save money insuring your Honda Insight by taking the time to improve your credit score.

Deter car thieves – Purchasing a vehicle with an alarm system can save you a little every year. Theft deterrent systems such as OnStar, LoJack tracking, and tamper alarms all aid in stopping car theft and help bring rates down.

Everyone needs different auto insurance coverages

When quoting and choosing adequate coverage for your personal vehicles, there is no one size fits all plan. You are unique.Higher deductibles save money

For example, these questions can aid in determining whether you might need an agent’s assistance.

If you’re not sure about those questions, you might consider talking to an agent. To find lower rates from a local agent, fill out this quick form. It’s fast, free and can help protect your family.

Independent or exclusive insurance agencies

Some consumers just prefer to sit down and talk to an agent and doing that can be a smart decision Good agents can answer important questions and will help you if you have claims. The best thing about comparing insurance prices online is the fact that you can find lower auto insurance rates and still have an agent to talk to. Putting coverage with small agencies is especially important in Boston.

Insurance agents in BostonAfter filling out this short form, your insurance data is submitted to agents in your area that can provide free Boston car insurance quotes for your insurance coverage. It makes it easy because there is no need to leave your house because quoted prices will be sent directly to your email. If you want to compare rates from a specific car insurance provider, feel free to navigate to their website and give them your coverage information.

Picking an provider requires you to look at more than just a cheap price. These are some questions your agent should answer.

Massachusetts car insurance company ratings

Selecting the top company can be challenging considering how many different companies insure vehicles in Boston. The rank data below could help you select which auto insurance companies to look at to insure your vehicles.

Top 10 Boston Car Insurance Companies Overall

  1. The General
  2. Mercury Insurance
  3. Titan Insurance
  4. The Hartford
  5. Progressive
  6. Travelers
  7. State Farm
  8. Farmers Insurance
  9. Safeco Insurance
  10. USAA

What is YOUR best insurance company?

As you prepare to switch companies, you should never buy less coverage just to save a little money. There are many occasions where someone sacrificed collision coverage only to regret at claim time that it was a big mistake. Your objective should be to purchase a proper amount of coverage at an affordable rate while not skimping on critical coverages.

More affordable insurance in Boston can be found both online and from local agencies, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance providers may not provide the ability to get quotes online and these regional insurance providers work with independent agents.

In this article, we covered some good ideas how to get a better price on Honda Insight insurance in Boston. The key thing to remember is the more quotes you get, the higher your chance of finding low cost Boston car insurance quotes. Consumers may even find the best price on insurance is with a company that doesn’t do a lot of advertising.

Steps to finding cheaper Honda Insight insurance in Boston

Truthfully, the best way to find low-cost prices for car insurance rates in Boston is to compare prices at least once a year from companies who provide auto insurance in Massachusetts.

Step 1: Take a few minutes and learn about the different coverages in a policy and the things you can control to keep rates in check. Many rating factors that increase rates such as accidents, traffic tickets, and a negative credit history can be improved by making small lifestyle or driving habit changes.

Step 2: Compare price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive or Farmers Insurance, while independent agencies can provide rate quotes for a wide range of companies.

Step 3: Compare the new rates to your existing coverage to see if cheaper Insight coverage is available. If you find a better price and make a switch, make sure there is no coverage gap between policies.

Step 4: Provide notification to your current company of your intent to cancel your existing policy and submit payment and a signed application for your new coverage. As soon as you receive it, keep your new proof of insurance certificate in your vehicle’s glove compartment or console.

A key point to remember is that you use identical limits and deductibles on each price quote and and to get price estimates from as many different companies as possible. This enables the most accurate price comparison and a complete price analysis.

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