Auto Insurance Quotes for a Honda Insight in Minneapolis

Amazingly, a recent NerdWallet.com study showed that a large majority of drivers kept buying from the same company for a minimum of four years, and almost half have never compared rates to find cheap insurance. Minnesota drivers could cut their rates by nearly 50% a year, but they underestimate how much money they would save if they switched to a cheaper policy.

Truthfully, the best way to find better pricing on Honda Insight insurance is to regularly compare prices from companies in Minneapolis. You can compare prices by completing these steps.

Step 1: Get a basic knowledge of coverages and the modifications you can make to keep rates down. Many policy risk factors that are responsible for high rates such as speeding tickets, careless driving and a low credit rating can be amended by making minor changes to your lifestyle.

Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from a single company like Progressive or Allstate, while independent agents can provide price quotes from multiple companies. View insurance agents

Step 3: Compare the new rate quotes to your current policy and see if you can save money. If you can save money and make a switch, make sure there is no lapse in coverage.

Step 4: Give notification to your current company of your intention to cancel your existing policy. Submit payment along with a signed and completed policy application for your new coverage. Be sure to put the new certificate verifying proof of insurance above your visor, in the console, or in the glove compartment.

The critical component of shopping around is to use the same physical damage deductibles and liability limits on each quote and and to get price estimates from as many carriers as you can. Doing this enables a fair price comparison and plenty of rates choose from.

Our goal in writing this article help you learn the best way to quote coverages and how to save the most money. If you have a policy now, you will surely be able to lower your rates using the concepts covered in this article. Smart buyers just have to learn the most time-saving way to compare company rates over the internet.

Finding a better price on auto insurance can be quick and easy. All that’s required is to invest a few minutes comparing rates provided by online insurance companies.

The following companies can provide price comparisons in Minnesota. If you want the best cheap car insurance in Minnesota, we recommend you compare several of them to get the most affordable price.

It may be expensive, but it’s not optional

Despite the fact that insurance is not cheap in Minneapolis, insurance may be required and benefits you in several ways.

• Most states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a specific level of liability coverage if you don’t want to risk a ticket. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you have a lien on your Honda, it’s guaranteed your bank will force you to carry insurance to ensure loan repayment if the vehicle is totaled. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Honda for a lot more money and require you to fork over much more than you were paying before.
• Insurance protects both your assets and your Honda Insight. It will also reimburse you for hospital and medical expenses for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance also covers legal expenses in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive coverages will pay to repair the damage minus the deductible amount.

The benefits of having insurance are definitely more than the cost, especially with large liability claims. Unknowingly, the average driver overpays as much as $810 a year so you should quote and compare rates at every renewal to save money.

Data for Honda Insight insurance

The table below highlights different coverage costs for Honda Insight models. Having knowledge of how prices are established is important for making informed decisions.

Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Rates do not factor in specific location which can revise auto insurance rates noticeably.

Policy deductibles

One of the hardest decisions when shopping for auto insurance is how high should the physical damage coverage deductibles be. The tables below show the cost difference when you select higher and lower comp and collision deductibles. The first data table uses a $100 physical damage coverage deductible and the second set of rates uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Rate information does not factor in specific garaging location which can impact coverage rates significantly.

We can estimate from the data above that using a $100 deductible could cost the average driver approximately $32 more each month or $384 each year than quoting the higher $1,000 deductible. Because you would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go more than 28 months between claim filings, you would probably save some money going with the higher deductible.

Violations and accidents raise rates

The information below highlights how traffic violations and fender-benders can raise Honda Insight annual premium costs for different age groups. The rate quotes are based on a married female driver, comp and collision included, $1,000 deductibles, and no discounts are taken into consideration.

Auto insurance rates by age and gender in Minneapolis

The information below visualizes the comparison of Honda Insight car insurance costs for male and female drivers. The rate quotes are based on no accidents, no driving violations, full physical damage coverage, $1,000 deductibles, single status, and no discounts are applied to the premium.

Discounts mean cheaper rates for Honda Insight insurance in Minneapolis

Auto insurance is expensive, but there are discounts available that may help make it more affordable. Certain discounts will be applied at quote time, but occasionally some discounts must be inquired about before they will apply.

• Seat Belt Usage – Drivers who always wear seat belts and also require passengers to fasten their seat belts could save 15% on the medical payments or PIP coverage costs.
• Smart Student Discounts – Excelling in school may save as much as 25% on a Minneapolis auto insurance quote. The discount lasts well after school through age 25.
• Braking Control Discount – Cars with ABS braking systems or traction control can stop better under adverse conditions and will save you 10% or more on Insight insurance in Minneapolis.
• Mature Driver Discount – Mature drivers may receive lower premium rates.
• Discount for Multiple Policies – When you have multiple policies and place coverage with the same company you could earn a discount of at least 10 to 15 percent or more.
• Student Discount for Driver Training – Cut your cost by having your teen driver successfully complete driver’s ed class as it can save substantially.
• Service Members Pay Less – Being on active duty in the military could trigger a small discount.
• Defensive Driver Discount – Taking part in a defensive driving class is a good idea and can lower rates if you qualify.
• Paper-free Discount – Some of the larger companies will discount your bill up to fifty bucks simply for signing on the web.
• Employee of Federal Government – Having worked for a branch of the government can earn a discount up to 10% with a few auto insurance companies.

It’s important to understand that many deductions do not apply to the entire policy premium. Most only reduce the price of certain insurance coverages like collision or personal injury protection. So even though you would think you would end up receiving a 100% discount, companies don’t profit that way.

The example below shows the difference between Honda Insight insurance costs with and without discounts applied to the premium. The rate quotes are based on a female driver, no accidents, no driving violations, Minnesota 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 safe-driver, homeowner, marriage, multi-car, claim-free, and multi-policy discounts applied.

To view insurers that offer the discounts shown above in Minneapolis, click this link.

Best car insurance company in Minneapolis

Choosing the best auto insurance provider is difficult considering how many companies sell insurance in Minneapolis. The company rank data listed below may help you choose which insurers you want to consider comparing rates with.

Top 10 Minneapolis Car Insurance Companies Ranked by Customer Service

1. Mercury Insurance
2. Nationwide
3. State Farm
4. Safeco Insurance
5. American Family
6. Titan Insurance
7. Travelers
8. Liberty Mutual
9. GEICO
10. Allstate