Trying to come up with a payment for pricey auto insurance can bottom out your personal savings and make it impossible to make ends meet. Getting a rate comparison is a fast and free way to make sure you’re not throwing money away.
Anyone knows that car insurance companies don’t want you to look for a cheaper policy. Insureds who shop around annually are likely to buy a different policy because there is a significant possibility of finding a lower rate. A study showed that drivers who did price comparisons regularly saved about $70 a month as compared to drivers who never compared other company’s rates.
If finding budget-friendly rates on Honda Insight insurance in Charlotte is the reason you’re here, then knowing how to compare insurance premiums can help you succeed in saving money. Big companies like State Farm, Progressive and GEICO all claim big savings, bombarding you with catchy ads and it is difficult to see through the cute green geckos and mayhem and take the time to shop coverage around.
It’s important to compare premium rates periodically because auto insurance rates change frequently. Just because you had the best premium rates on Honda Insight insurance in Charlotte a year ago you can probably find a lower rate today. Block out anything you think you know about auto insurance because it’s time to teach you the easiest way to reduce your cost while increasing coverage.
If you are already insured or just want to reduce your rates, you will benefit by learning to lower your rates and still get good coverage. Finding affordable auto insurance coverage in Charlotte is actually not that difficult if you follow our advice. You only need an understanding of the proper methods to shop from many companies at once.
Finding cheap Honda Insight auto insurance quotes is surprisingly easy. The only thing you need to do is invest a few minutes to get quotes to find out which insurance company has the cheapest Honda Insight rate quotes.
Doing online price quotes comparisons is so easy that it replaces the need to call or drive to different Charlotte agent offices. Comparing Honda Insight insurance rate quotes online reduces the need to sit down with an agent unless your situation requires the advice and guidance that only a licensed agent can provide. You can, however, price shop your coverage online but buy from a local insurance agent.
The following companies offer comparison quotes in North Carolina. If you wish to find cheap auto insurance in NC, we recommend you visit as many as you can to find the most competitive auto insurance rates.
Auto insurance data for a Honda Insight
The coverage table displayed below outlines detailed analysis of insurance rates for Honda Insight models. Learning a little about how policy rates are calculated can be valuable when making smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Insight LX | $90 | $210 | $282 | $16 | $84 | $682 | $57 |
| Insight EX | $102 | $248 | $282 | $16 | $84 | $732 | $61 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Estimates do not factor in your specific Charlotte location which can raise or lower auto insurance rates substantially.
The diagram below shows how different deductible levels and can increase or decrease Honda Insight insurance costs for different age groups. The premiums assume a single female driver, comprehensive and collision coverage, and no discounts are factored in.
How much more does full coverage cost in Charlotte?
The diagram below shows the comparison of Honda Insight insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rate quotes are based on no tickets, no at-fault accidents, $100 deductibles, single marital status, and no additional discounts are factored in.
Guidelines for eliminating full coverage
There isn’t a steadfast formula to eliminate full coverage, but there is a general convention. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.
For example, let’s say your Honda Insight replacement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled, you would only receive $3,000 after paying your policy deductible. If it’s costing you more than $300 annually for your policy with full coverage, then you may want to consider only buying liability coverage.
There are some circumstances where eliminating full coverage is not in your best interest. If you haven’t paid off your loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should keep full coverage on your policy.
Charlotte Insurance Premiums are Influenced by These Factors
The best way to find cheaper auto insurance is to take a look at the different types of things that play a part in calculating the rates you pay for auto insurance. If you have some idea of what impacts premium levels, this enables you to make decisions that can earn you lower rates. Lots of factors are considered when you get a price on insurance. Some are pretty understandable like a motor vehicle report, although others are more obscure like your vehicle usage or your commute time.
Shown below are some of the things utilized by car insurance companies to help set your rate level.
Costs can change based on your address – Living in smaller towns and rural areas of the country can be a good thing when talking about auto insurance. Lower population translates into fewer accidents in addition to fewer liability claims. City drivers regularly have much more traffic and much longer commute distances. More time behind the wheel means more chance of being in an accident.
Is car insurance cheaper for males or females? – Statistics have proven that men are more aggressive behind the wheel. It does not mean women are BETTER drivers than men. They both cause auto accidents at a similar rate, but males tend to have more serious accidents. Men also statistically receive more major tickets such as reckless driving.
The diagram below shows the comparison of Honda Insight insurance costs for male and female drivers. The data is based on no driving violations, no at-fault accidents, full physical damage coverage, $250 deductibles, drivers are not married, and no other discounts are factored in.
Lower premiums for safer vehicles – Safe vehicles tend to have lower insurance rates. Safe vehicles reduce occupant injuries and lower injury rates translates into fewer and smaller insurance claims passed on to you as lower rates. If your Honda Insight scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
Do you really need to file those policy claims? – Car insurance companies in North Carolina generally give cheaper rates to policyholders who do not rely on their insurance for small claims. If you frequently file small claims, you can look forward to higher premiums or even policy non-renewal. Insurance coverage is designed for the large, substantial claims.
How much liability coverage do you need? – The liability coverage on your policy is the coverage that protects you if ever a court rules you are at fault for causing personal injury or damage in an accident. Liability provides legal defense coverage which can cost thousands of dollars. It is affordable coverage when compared with rates for comp and collision, so drivers should carry high limits.
Auto insurance in North Carolina serves several purposes
Despite the fact that auto insurance is not cheap in Charlotte, paying for auto insurance may be required for several reasons.
First, the majority of states have minimum mandated liability insurance limits which means you are required to carry a specific level of liability insurance in order to drive the car legally. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you have a loan on your car, more than likely the lender will make it mandatory that you have physical damage coverage to protect their interest in the vehicle. If the policy lapses, the lender will be forced to insure your Honda at a much higher premium rate and require you to reimburse them the higher premium.
Third, insurance protects not only your Honda but also your assets. It will also provide coverage for medical expenses that are the result of an accident. As part of your policy, liability insurance will also pay to defend you if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, your auto insurance policy will cover the repair costs.
The benefits of carrying enough insurance are definitely more than the cost, especially if you ever need it. According to a recent study, the average American driver is overpaying over $750 every year so it’s recommended you shop around every year to make sure the price is not too high.