Cheapest Rate Quotes for Honda Insight Insurance in Austin

Insurance for Honda InsightFinding the cheapest insurance for a Honda Insight in Texas can be an all-consuming task, but you can learn our car insurance buying tips to save time. There are both good and bad ways to shop for car insurance and we’ll show you the absolute fastest way to price shop coverage for your Honda and obtain the lowest possible price either online or from Austin insurance agents.

You need to do rate comparisons yearly because insurance prices fluctuate regularly. If you had the best quotes on Honda Insight insurance in Austin last year you may be paying too much now. Forget all the misinformation about car insurance because I’m going to let you in on the secrets to the quickest way to find the best coverage while lowering your premiums.

If you are already insured or want to find a cheaper company, you can use these techniques to get lower rates and still have adequate protection. Quoting and comparing rates for cheaper coverage in Austin is easy to do. Consumers just have to use the most efficient way to shop from multiple carriers.

Best companies for Honda Insight insurance

The providers in the list below have been selected to offer quotes in Austin, TX. If more than one company is shown, we recommend you visit as many as you can to get the best price comparison.

Honda Insight Insurance Cost Estimates in Austin, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $260 $544 $392 $24 $118 $1,338 $112
Insight EX $286 $572 $388 $24 $116 $1,386 $116
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Data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Rate information does not factor in specific location information which can lower or raise auto insurance rates significantly.

Rate comparison for different deductibles

The hardest decision when buying coverage is how low should you set your deductibles. The rates below may help to illustrate the differences in premium rates when you select higher and lower policy deductibles. The first rate table uses a $250 physical damage coverage deductible and the second data table uses a $500 deductible.

Honda Insight insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $256 $496 $382 $22 $114 $1,295 $108
Insight EX $294 $584 $382 $22 $114 $1,421 $118
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Honda Insight insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $208 $400 $382 $22 $114 $1,126 $94
Insight EX $240 $472 $382 $22 $114 $1,230 $103
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Estimates do not factor in specific Austin garaging location which can increase or decrease price quotes greatly.

Based on the above data, using a $250 deductible would cost the average driver about $14 more each month or $168 every year than requesting the higher $500 deductible. Because you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you usually have at least 18 months between claims, you would save more money if you choose the higher deductible. Here’s an example of how this decision is made.

Average monthly premium for $250 deductibles: $113
Average monthly premium for $500 deductibles (subtract): – $99
Monthly savings from raising deductible: $14
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $14
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

Should you buy full coverage?

The illustration below illustrates the difference between Honda Insight auto insurance rates when comparing full coverage to state minimum liability only. The data assumes no violations or accidents, $500 deductibles, single male driver, and no other discounts are factored in.

Are you wasting money paying for full coverage?

There is no exact formula for dropping physical damage coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Honda Insight replacement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $4,000 after paying your policy deductible. If it’s costing in excess of $400 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.

There are some situations where only buying liability is not a good plan. If you haven’t paid off your loan, you have to carry full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should keep full coverage in place.

Verify you’re earning every discount

Some insurers don’t list every discount available in an easy-to-find place, so the next list breaks down both the well known and also the lesser-known savings tricks you should be using when you buy Austin car insurance online. If you check and find you aren’t receiving every discount you deserve, you are just wasting money.

It’s important to note that most discounts do not apply to your bottom line cost. Some only reduce individual premiums such as liability and collision coverage. Despite the appearance that all the discounts add up to a free policy, companies wouldn’t make money that way.

A few popular companies and some of the premium reductions they offer are detailed below.

Before you buy a policy, ask all the companies the best way to save money. Discounts may not apply to policies in your area. If you would like to see a list of companies who offer free Honda Insight insurance quotes in Austin, click here.

Local Austin car insurance agents and insurance

Many people still prefer to get advice from a local agent and that is not a bad decision Experienced insurance agents can make sure you are properly covered and will help you if you have claims. One of the benefits of price shopping on the web is that you can find cheap rate quotes and still have an agent to talk to.

Find insurance agent in AustinAfter filling out this form (opens in new window), your insurance coverage information is submitted to local insurance agents that can give you free Austin car insurance quotes for your coverage. There is no reason to drive around since price quotes are sent instantly to you. If you want to get a rate quote from one company in particular, feel free to visit that company’s website to submit a rate quote request.

Picking the best insurer requires more thought than just a cheap price. These are some questions your agent should answer.

If you’re trying to find a local Austin insurance agent, there are two different agency structures that differ in how they can insure your vehicles. Austin agents are categorized either independent agents or exclusive agents. Both write insurance policies, but it’s worth mentioning why they differ because it can impact your selection of an agent.

Exclusive Insurance Agents

Agents that choose to be exclusive are contracted to one company such as State Farm, AAA, and Liberty Mutual. They usually cannot compare rates from other companies so if the price isn’t competitive there isn’t much they can do. Exclusive insurance agents are usually quite knowledgeable on their company’s products which helps overcome the inability to quote other rates. Some consumers prefer to purchase coverage from exclusives mostly because of the brand instead of buying on price only.

Listed below are exclusive agents in Austin willing to provide comparison quotes.

More Austin agents

Independent Insurance Agents

Independent insurance agents are appointed with more than one company and that allows them to write policies through many different insurance companies and help determine which has the cheapest rates. If premiums increase, your agent can switch companies and you don’t have to find a new agent. When searching for an agent, you will definitely want to get quotes from at least one independent agent to ensure the widest selection of prices. Most have the option of insuring with smaller companies which can be an advantage.

Listed below are independent insurance agents in Austin that are able to give rate quotes.

More Austin agents

If you get positive feedback to your questions in addition to an acceptable price estimate, most likely you have located a car insurance agent that meets the requirements to provide insurance coverage. Just keep in mind it’s your coverage and you can terminate coverage for any reason so don’t think you are locked into any specific company for the full term.

Why you might not save $495 a year

Texas drivers can’t ignore all the ads for insurance savings by companies like Allstate, GEICO and Progressive. All the companies seem to make the promise about savings after switching your policy.

How does each company charge you a lower premium? It’s all in the numbers.

Insurance companies have a preferred profile for the type of customer that will generate a profit. An example of this type of driver may be a female over age 40, insures multiple vehicles, and does not commute to work. Any person that hits that “sweet spot” may get the lowest prices in Austin and will probably save a lot on Austin Honda Insight insurance if they switch.

Potential customers who are not a match for the ideal profile will be quoted higher premium rates and the customer buying from a different company. If you pay close attention to the ads, they say “customers that switch” not “everybody who quotes” will save that much if they switch. This is how companies can make claims like that. Because of these techniques, it’s extremely important to compare quotes as often as possible. It is impossible to predict with any certainty which company will have the lowest Honda Insight insurance in Austin.

Cheaper coverage is out there

People change insurance companies for many reasons like not issuing a premium refund, poor customer service, lack of trust in their agent and even unfair underwriting practices. Regardless of your reason, finding the right auto insurance provider is not as difficult as it may seem.

More affordable auto insurance in Austin is available on the web as well as from independent agents in Austin, so you should compare both to have the best chance of lowering rates. A few companies don’t offer rates over the internet and usually these small, regional companies sell through independent agents.

We covered a lot of tips how to find lower-cost Honda Insight insurance in Austin. The most important thing to understand is the more times you quote, the better chance you’ll have of finding inexpensive Austin car insurance quotes. You may even find the best price on auto insurance is with the smaller companies.

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