Buying economical car insurance for a Honda Pilot is usually pretty straightforward, but it hinges on a whole bunch of factors such as your marital status, your occupation, and driving violations. Minnesota drivers will pay around $734 each year to insure their Pilot, but that amount is an estimation calculated based on a 30-year-old married female driver with full coverage and $1,000 deductibles.
But there is a high likelihood that you are not 30 years old and maybe not even female, possibly single instead of married, or maybe you prefer liability limits higher than required by Minnesota state law. Everyone has unique insurance needs, and this illustrates why the only real way to find the most affordable coverage for your Honda is to just compare rates yourself.
The trim level of your vehicle tends to have a direct effect on the coverage cost, so the price you will be charged to insure a Pilot LX 2WD model will be $64 cheaper than the cost to insure the more well-appointed Pilot Touring 4WD model, as shown in the chart below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Pilot LX 2WD | $146 | $210 | $324 | $20 | $96 | $796 | $66 |
| Pilot EX 2WD | $166 | $210 | $324 | $20 | $96 | $816 | $68 |
| Pilot EX 4WD | $166 | $210 | $324 | $20 | $96 | $816 | $68 |
| Pilot EX-L 2WD | $166 | $254 | $324 | $20 | $96 | $860 | $72 |
| Pilot EX-L 4WD | $166 | $254 | $324 | $20 | $96 | $860 | $72 |
| Pilot Touring 2WD | $166 | $254 | $324 | $20 | $96 | $860 | $72 |
| Pilot Touring 4WD | $166 | $254 | $324 | $20 | $96 | $860 | $72 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Information does not factor in Minneapolis location which can raise or lower rates noticeably.
Finding decent, affordable insurance is not easy, and deciding which companies have the cheapest insurance rates for a Honda Pilot requires even more shopping around.
Each auto insurance company has a proprietary formula for setting rates, so let’s take a look at the insurance companies that tend to be cheaper in Minneapolis. We do need to point out that Minneapolis insurance rates are impacted by many things that control the policy premium. This price variability is why it is crucial to compare many different companies to get affordable insurance rates for a Honda Pilot. Prices can be altered by many factors and can increase or decrease at any time, so the most economical company six months ago may now be one of the higher cost companies.
Best Cheap Insurance Rates for Your Pilot
Travelers offers some of the lowest car insurance rates in Minneapolis at around $641 annually. This is $780 less than the average rate paid by Minnesota drivers of $1,421. USAA, Farm Bureau Mutual, Western National, and The Hartford would also be considered some of the cheaper Minneapolis, MN car insurance companies.
As shown in the rates above, if you are currently insured with Western National and switched to USAA, you might realize savings of in the vicinity of $102. Drivers with The Hartford could save as much as $137 a year, and West Bend Mutual customers might lower prices by $144 a year.
To compare your rates to other Minnesota insurance companies, click here to begin a quote or visit any of the low-priced companies below.
These policy rates are averaged across all drivers and vehicles in Minnesota and do not factor in an exact location for a Honda Pilot. So the auto insurance company that has the cheapest rates for you may not even be in the top 24 companies in the list above. That points out the importance of why you need to get auto insurance quotes using your own driver and vehicle profiles.
Insurance rate increases from tickets or accidents
The common sense way to maintain the most affordable insurance premiums in Minnesota for a Pilot is to drive safe and not have accidents or get tickets. The illustration below demonstrates how speeding tickets and at-fault fender-benders can drive up insurance prices for different ages of insureds. The premium estimates are based on a married female driver, full coverage, $500 deductibles, and no discounts are taken into consideration.
In the chart above, the average cost of a car insurance policy in Minnesota per year with no accidents or violations is $1,390. Get one speeding ticket and the average cost jumps to $1,619, an increase of $229 each year. Now throw in one accident along with the one speeding ticket and the 12-month cost of insurance for a Honda Pilot jumps again to an average of $2,253. That’s an increase of $864, or $72 per month, just for not driving attentively!
Cost difference between full coverage and liability
Paying less for insurance is the goal of the majority of vehicle owners, and an effective way to pay less for insurance for a Honda Pilot is to buy liability only. The chart below shows the difference between insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on no claims or driving violations, $250 deductibles, drivers are not married, and no additional discounts are factored in.
If the expense is averaged for all age categories, physical damage insurance costs $2,015 per year more than carrying just liability coverage. That raises the question if buying full coverage is worth the money. There is no definitive rule to stop paying for comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.
There are a few cases where dropping physical damage coverage is not a good idea. If you still have a lienholder on your title, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.
How to find low-cost insurance for a Honda Pilot
It’s not impossible to find cheaper rates, and here are some thrifty suggestions that can help Minnesota drivers quote more affordable auto insurance.
- Bundle car and home insurance and save money
- Claim-free drivers earn discounts
- Increase deductibles to save money
- Better credit scores save money
- Remain accident-free and save
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Compare rate quotes frequently
That last tip is certainly critical, as we hit on in the prior information. Coverage prices fluctuate constantly, so drivers shouldn’t hesitate to change to a new company if a cheaper rate is available.
Brand loyalty is great, but it’s not a great idea if it’s costing you a considerable chunk of change every month. It only takes a couple minutes to compare prices and find cheaper car insurance for a Honda Pilot in Minneapolis.
If you wish to have professional advice when buying car insurance for a Pilot, the agents below can most likely provide answers to your questions and help you determine which policy is best. To find an auto insurance agency nearest to you, click the link after the list or click here to compare prices now.
- Farmers Insurance: Travis Marcellus
2846 Johnson St NE – Minneapolis, MN 55418 – (612) 789-4341 - Abbco Insurance Agency Co.
6227 University Ave NE – Minneapolis, MN 55632 – (763) 571-2880 - State Farm: Ashkan Morvari
25 W Diamond Lake Rd – Minneapolis, MN 55419 – (612) 455-4196