Save Money on Honda Fit Insurance in Los Angeles

Wish you could get a refund on an overpriced auto insurance policy? You’re in good company because many Los Angeles drivers feel the same as you.

Unbelievable but true according to a study over 70% of California drivers have purchased from the same company for well over three years, and approximately 38% of consumers have never quoted auto insurance rates at all. Drivers in America can save up to $860 each year by just comparing rate quotes, but they just don’t want to compare rate quotes. Big-name insurance companies like Progressive, GEICO and Farmers Insurance increase brand awareness with ad campaigns and it is difficult to ignore the flashy ads and do the work needed to find the best deal.

It’s a good idea to compare prices as often as possible because auto insurance prices tend to go up over time. Just because you found the best deal on Honda Fit insurance in Los Angeles a couple years back a different company probably has better premium rates today. Forget anything you know (or think you know) about auto insurance because we’re going to demonstrate the only way to eliminate unnecessary coverages and save money on Honda Fit insurance in Los Angeles.

If you have a current car insurance policy or just want a better rate, you can use this information to save money while maximizing coverage. Finding affordable car insurance coverage in Los Angeles is much easier if you know where to start. Smart shoppers only need to know the most effective way to compare insurance rates instantly.

The fastest way that we advise to get rate comparisons for Honda Fit insurance in Los Angeles utilizes the fact almost all companies pay for the opportunity to give rate comparisons. All consumers are required to do is provide the companies a bit of rating information like your general credit rating, daily mileage, your education level, and if you’re married. That rating data is then sent to many highly-rated insurers and they respond with quotes immediately.

To find the cheapest Honda Fit insurance rates, click here and complete the quick form.

The companies shown below provide price quotes in California. If more than one company is shown, we suggest you visit several of them to get the best price comparison.

Analysis of Honda Fit rates

The coverage table below highlights different insurance coverage prices for Honda Fit models. Understanding how insurance premiums are calculated helps drivers make decisions when choosing a new policy provider.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Estimates do not factor in specific Los Angeles garaging location which can influence auto insurance rates considerably.

Rate comparison for different deductibles

One frequently asked question is how high should the physical damage deductibles be. The data tables below show how much more you’ll pay between low and high physical damage coverage deductibles. The first data table uses a $250 comprehensive and collision deductible and the second set of prices uses a $500 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Prices do not factor in specific location information which can revise prices greatly.

Using the data above, we can ascertain that using a $250 deductible costs about $17 more each month or $204 each year than buying the higher $500 deductible. Due to the fact that you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you usually have more than 15 months between claim filings, you would probably be better off by selecting a higher deductible.

The information below highlights how deductible selection and can raise or lower Honda Fit annual premium costs for different age groups of insureds. The premiums are based on a single female driver, full physical damage coverage, and no discounts are factored in.

Cost comparison with and without full coverage

The diagram below visualizes the comparison of Honda Fit premium costs when comparing full coverage to state minimum liability only. The premiums are based on no driving violations, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are applied to the premium.

When to drop comprehensive and collision

There is no set rule to delete comp and collision coverage, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your Honda Fit replacement cost is $8,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $7,000 after paying the physical damage deductible. If you are paying more than $700 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.

There are some cases where dropping physical damage coverage is not recommended. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.

Get cheaper Honda Fit insurance rates in Los Angeles

Companies don’t always list the entire discount list very well, so below is a list a few of the more well known and the more hidden credits available to bring down your rates.

• No Claim Discounts – Insureds with no claims or accidents have much lower rates in comparison with accident-prone drivers.
• Active Service Discounts – Being on active deployment in the military can result in better insurance rates.
• Senior Citizen Discount – Older drivers can get lower premium rates.
• ABS Brakes – Cars and trucks that have anti-lock braking systems can avoid accidents so you can save 10 percent or more.
• Auto/Home Discount – If you insure your home and vehicles and insure them with the same company you will save over 10 percent off each policy depending on the company.
• Multiple Vehicles – Buying coverage for multiple vehicles on one policy could earn a price break for each car.

Discounts lower rates, but most discounts do not apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as comp or med pay. Despite the appearance that you can get free auto insurance, it doesn’t quite work that way. But any discount will cut your policy cost.

The information below compares Honda Fit insurance prices with and without discounts. The rate quotes are based on a female driver, no accidents, no driving violations, California state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, claim-free, homeowner, multi-policy, and marriage discounts applied.

To find insurance companies with discount rates in California, click this link.

Insuring your vehicle just makes sense

Despite the high cost of buying insurance for a Honda Fit in Los Angeles, paying for insurance is required in California but it also protects you in many ways.

• Almost all states have mandatory liability insurance requirements which means you are required to buy a minimum amount of liability insurance if you drive a vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If you bought your Honda with a loan, most banks will make it mandatory that you buy insurance to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the lender will be forced to insure your Honda at a much higher rate and require you to reimburse them for it.
• Insurance preserves both your assets and your car. It will also provide coverage for medical bills for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, also covers legal expenses if you are named as a defendant in an auto accident. If you have damage to your Honda as the result of the weather or an accident, your policy will pay to have it repaired.

The benefits of having insurance more than cancel out the cost, especially for larger claims. But the average American driver is wasting up to $750 every year so compare rate quotes at every policy renewal to ensure rates are competitive.

Don’t assume everyone needs the same car insurance coverage

When quoting and comparing coverage for your vehicles, there really is no one-size-fits-all type of policy. Every insured’s situation is different so this has to be addressed.
Here are some questions about coverages that can aid in determining if your situation would benefit from an agent’s advice.

• Does coverage extend to my business vehicle?
• What does medical payments coverage do?
• What is the ISO rating for a Honda Fit?
• How high should my uninsured/underinsured coverage be in California?
• Are split liability limits better than a combined single limit?
• Should I carry comprehensive and collision coverage?
• What companies insure drivers after a DUI or DWI?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies. It’s fast, free and can help protect your family.

Car insurance quotes from neighborhood Los Angeles auto insurance agents

Many people still like to visit with an insurance agent and that can be a smart move Insurance agents are trained to spot inefficiencies and help you file claims. The biggest benefit of getting online price quotes is the fact that drivers can get cheap rate quotes and still choose a local agent.

Once you complete this form (opens in new window), your information is submitted to local insurance agents who will give you bids for your car insurance coverage. You don’t have to find an agent on your own because prices are sent to the email address you provide. If you need to quote rates from a specific company, you can always navigate to their website and fill out their quote form.

Finding the right provider requires you to look at more than just a cheap price quote. Here are some questions you should ask.

• How many years have they been established?
• Are they giving you every discount you deserve?
• Are claims handled at the agent’s location?
• Do they offer claims assistance after hours?
• Are they able to influence company decisions when a claim is filed?

If you want a good insurance agency, it’s important to understand the types of agencies and how they differ in how they can insure your vehicles. Car insurance agents are classified as either independent (non-exclusive) or exclusive. Both can do a good job, but we need to point out the difference in the companies they write for because it can impact the kind of agent you use.

Exclusive Agencies

Agents that choose to be exclusive can only quote rates from one company such as State Farm or Allstate. Exclusive agents cannot provide other company’s prices so you need to shop around if the rates are high. Exclusive agents receive extensive training in insurance sales which helps them sell insurance even at higher premiums.

The following is a short list of exclusive insurance agencies in Los Angeles who can help you get price quote information.

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Independent Car Insurance Agents

Independent agents can sell policies from many different companies so they have the ability to put coverage through many different car insurance companies enabling the ability to shop coverage around. If they find a cheaper price, they simply move the coverage in-house and you don’t have to find a new agent.

If you are comparing car insurance prices, you should always contact independent agents so that you have a good selection of quotes to compare.

Shown below are Los Angeles independent agencies that can give you price quote information.

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