Affordable Honda Insight Insurance in Portland

Did you make the mistake of buying an overpriced auto insurance policy? It’s quite common and many Portland drivers have buyer’s remorse.

It’s an obvious conclusion that insurance companies want to keep you from comparing rates. Insureds who shop around for cheaper rates will presumably buy a different policy because there is a high probability of finding lower rate quotes. Surprisingly, a recent survey revealed that people who routinely shopped around saved an average of $3,450 over four years as compared to drivers who never shopped around for better prices.

If finding the most affordable Honda Insight insurance is the reason you’re reading this, knowing how to get free comparison quotes and analyze insurance premiums can make it simple to find affordable coverage.

Steps to buying cheaper Honda Insight insurance in Portland

If you want to save money, the best way to get affordable Honda Insight insurance in Portland is to start doing a yearly price comparison from insurance carriers in Oregon. Price quotes can be compared by completing these steps.

Step 1: Read about how companies price auto insurance and the measures you can take to lower rates. Many factors that cause high rates like at-fault accidents and an imperfect credit rating can be controlled by paying attention to minor details. This article provides ideas to prevent rate hikes and get discounts that may be available to you.

Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from one company like GEICO or State Farm, while independent agencies can provide price quotes from multiple companies.

Step 3: Compare the new rate quotes to the premium of your current policy and determine if there is any savings. If you find a lower rate and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.

A good piece of advice is to use identical limits and deductibles on every quote request and and to get prices from all possible companies. This helps ensure a level playing field and maximum price selection.

Many auto insurance companies vie for your hard-earned dollar, so it’s not easy to compare every insurer and get the best coverage at the best rates possible on Honda Insight insurance in Portland.

Consumers need to shop coverage around as often as possible due to the fact that insurance prices are adjusted regularly by insurance companies. If you had the best rates on Honda Insight insurance in Portland six months ago other companies may now be cheaper. Forget anything you know (or think you know) about auto insurance because we’re going to demonstrate one of the best ways to get good coverage on Honda Insight insurance in Portland at a lower rate.

If you have insurance now, you will most likely be able to shop for the lowest rates using the ideas you’re about to read. Choosing the best rates in Portland is really not that difficult. But Oregon car owners must comprehend how the larger insurance companies determine prices because it can help you find the best coverage.

What Determines Honda Insight Insurance Rates?

Lots of factors are taken into consideration when pricing auto insurance. A few of the factors are predictable like a motor vehicle report, although others are more obscure such as your marital status or how financially stable you are.

The list below includes some of the items utilized by car insurance companies to help set your premiums.

Discounts for multiple policies – Most car insurance companies apply lower prices to buyers who consolidate policies with them, otherwise known as a multi-policy discount. Even if you already get this discount, you may still want to shop around to verify if the discount is saving money. Drivers may still save even more even if you have your coverage with different companies

Annual miles is a factor – Driving more miles each year the more it will cost to insure it. Almost all companies rate vehicles based on how the vehicle is used. Cars that do not get driven very much get more affordable rates than those that get driven frequently. An improperly rated Insight is throwing money out the window. It’s a smart idea to ensure your car insurance coverage states annual mileage.

Marriage can lower premiums – Having a spouse can get you a discount on your car insurance policy. It is viewed as being more mature and insurance companies reward insureds because married couples file fewer claims.

Your occupation may affect rates – Occupations such as judges, executives, and miners have higher rates than average due to intense work-related stress and lots of time spent away from family. On the other hand, occupations such as farmers, historians and the unemployed have the lowest average rates.

Add-on coverages can add up – There are a ton of extra bells and whistles that can add up on your Insight policy. Add-on coverages like roadside assistance, towing, and extra equipment coverage could be just wasting money. The coverages may be enticing when discussing your needs, but if you’ve never needed them in the past consider taking them off your policy.

Cheaper rates with safer cars – Safer cars get lower rates. Vehicles built for safety reduce injuries and lower injury rates means less claims paid which can result in lower premiums.

Raise physical damage deductibles and save – The deductibles define the amount you are required to spend out-of-pocket if the claim is covered. Physical damage insurance, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Some instances where coverage would apply are a windshield broken by a bird, damage from fire, and having a roll-over accident. The more damage repair cost you choose to pay out-of-pocket, the bigger discount you will receive.

Drivers with excellent credit save on car insurance – A driver’s credit score is a big factor in determining what you pay. People with excellent credit tend to be better drivers and file fewer claims than drivers with bad credit. If your credit can use some improvement, you could save money insuring your Honda Insight by taking the time to improve your credit score.

The fastest way that we advise to compare rates for Honda Insight insurance in Portland is to know the trick most insurance companies participate in online systems to give rate comparisons. To get started, all you need to do is provide a small amount of information including if it has an alarm system, how much coverage you want, the year, make and model of vehicles, and whether you drive to work or school. The data is then submitted to insurance companies and they respond with quotes within a short period of time.

To start a rate quote now, click here and find out if you can get cheaper insurance in Portland.

The companies in the list below can provide price quotes in Oregon. To buy the best car insurance in Portland, OR, we suggest you compare several of them to get the most affordable price.

Honda Insight insurance analysis

The price information shown below highlights a range of insurance costs for Honda Insight models. Being aware of how insurance prices are determined can aid in making informed decisions when comparing rates.

Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Estimates do not factor in specific location information which can revise auto insurance rates significantly.

Physical damage deductible comparison

When comparing auto insurance rates, the most common question is which deductibles should you choose. The rates shown below may help to conceptualize the difference in cost when you select higher and lower insurance deductibles. The first data table uses a $250 physical damage coverage deductible and the second price table uses a $1,000 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Information does not factor in garaging location in Portland which can decrease or increase prices greatly.

Based on the figures above, using a $250 deductible will cost you roughly $24 more each month or $288 every year than requesting the higher $1,000 deductible. Since you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go more than 31 months between claims, you would most likely save money by selecting a higher deductible.

Should you buy full coverage?

The example below illustrates the difference between Honda Insight car insurance costs with and without physical damage coverage. The data is based on no claims or driving violations, $500 deductibles, drivers are single, and no policy discounts are applied.

Are you wasting money on full coverage?

There is no definitive formula of when to exclude physical damage coverage, but there is a guideline you can consider. If the annual cost of coverage is more than 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

For example, let’s pretend your Honda Insight book value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $5,000 after paying your policy deductible. If you are paying in excess of $500 annually to have full coverage, the it may be a good time to stop paying for full coverage.

There are a few cases where eliminating full coverage is not a good idea. If you still owe a portion of the original loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.

Insurance in Oregon serves several purposes

Even though it can be expensive, insurance is a good idea for several reasons.

• The majority of states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific limits of liability in order to drive the car. In Oregon these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
• If your Insight has a loan, most lenders will force you to have full coverage to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the bank may buy a policy for your Honda at an extremely high rate and make you pay for the expensive policy.
• Insurance safeguards both your car and your assets. It will also pay for hospital and medical expenses for not only you but also any passengers injured in an accident. Liability insurance will also pay for a defense attorney in the event you are sued. If you have damage to your Honda as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of insuring your car definitely exceed the cost, especially with large liability claims. Today the average American driver is overpaying over $865 each year so you should quote rates at every renewal to be sure current rates are still competitive.

Score discounts on Portland insurance

Companies offering auto insurance don’t list all available discounts in an easy-to-find place, so we researched some of the best known and the more hidden ways to save on insurance. If you do not check that you are getting every discount you qualify for, you are throwing money away.

• Early Renewal Discounts – Some companies provide a discount for renewing your policy early. This can save 10% or more.
• Mature Driver Discount – Older drivers can get a discount up to 10%.
• No Charge for an Accident – Not a discount per se, but a handful of insurance companies permit an accident before raising your premiums so long as you are claim-free for a specific time period.
• Homeowners Savings – Just owning your own home can save you money since home ownership is proof of financial responsibility.
• Online Discount – Certain insurance companies give back up to $50 for buying a policy and signing up on their website.
• Policy Bundle Discount – If you combine your homeowners and auto policies with one insurance company you may earn at least 10% off all policies.

Consumers should know that most discounts do not apply to your bottom line cost. Most only reduce the cost of specific coverages such as medical payments or collision. So when it seems like all those discounts means the company will pay you, that’s just not realistic.

The chart below visualizes the comparison of Honda Insight insurance costs with and without discounts applied to the premium. The information is based on a male driver, no accidents, no driving violations, Oregon 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-policy, multi-car, safe-driver, marriage, claim-free, and homeowner discounts applied.

To choose providers with the best discounts in Oregon, click here.

Local agents and car insurance

Many drivers just want to get professional advice from a licensed agent and doing so can bring peace of mind The best thing about comparing insurance prices online is you may find lower rates and still buy from a local agent. And buying from local insurance agencies is especially important in Portland.

Once you complete this simple form, your information is transmitted to agents in your area who want to provide quotes for your coverage. There is no need to leave your house because quoted prices will be sent to you directly. You can most likely find cheaper rates AND an agent nearby. If for some reason you want to get a comparison quote from a specific insurance company, you just need to search and find their rate quote page and submit a quote form there.

Below is a short list of insurers in Portland willing to provide rate quotes for Honda Insight insurance in Portland.

More Portland agents

Finding the right provider is decision based upon more than just the price. Agents should be asked these questions:

• Will they give you a referral list?
• How long has their agency been in business in Portland?
• What will you get paid if your car is a total loss? How is that amount determined?
• Are they able to influence company decisions when a claim is filed?
• Do they have cheaper tiers of coverage?
• Which insurance companies are they affiliated with?
• Does the company allow you to choose your own collision repair facility?
• Are they in the agency full-time?

After you get acceptable answers as well as a price you’re happy with, most likely you have located an insurer that can be relied on to service your policy. Keep in mind you are entitled to cancel your coverage any time you want so don’t think that you are obligated to the car insurance policy for the full term.

Persistence is the key to cheap rates

We just presented some good ideas how to lower your Honda Insight insurance premium rates in Portland. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. You may even be surprised to find that the best premium rates are with a small mutual company. Some small companies may often insure only within specific states and give better rates compared to the large companies like Progressive and GEICO.

The cheapest Honda Insight insurance in Portland can be sourced online as well as from independent agents in Portland, so you should compare both to have the best rate selection. Some car insurance companies may not have price quotes online and usually these smaller providers provide coverage only through independent insurance agents.

How to buy lower priced Honda Insight insurance in Portland

The recommended way to find cheaper prices for auto insurance rates in Portland is to regularly compare price quotes from providers who provide auto insurance in Oregon. Rate comparisons can be done by following these guidelines.

First, read and learn about coverages and the changes you can make to prevent high rates. Many policy risk factors that are responsible for high rates such as high-risk driving behaviors and a not-so-good credit score can be improved by making minor changes to your lifestyle.

Second, compare prices from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO or Farmers Insurance, while agents who are independent can provide price quotes from multiple companies.

Third, compare the quotes to your current policy to see if switching to a new carrier will save money. If you find better rates and switch companies, verify that coverage does not lapse between policies.

Fourth, notify your agent or company of your intent to cancel the current policy and submit the completed application along with a down payment to the new insurer. As soon as coverage is bound, put the new proof of insurance certificate somewhere easily accessible.

A good tip to remember is to make sure you’re comparing identical coverages on every quote and and to get price quotes from as many different insurance providers as possible. This enables a fair price comparison and plenty of rates choose from.

More tips and info about car insurance is available at these sites:

• Older Drivers FAQ (iihs.org)
• Who Has Cheap Portland Auto Insurance Quotes for a Ford Edge? (FAQ)
• Who Has Cheap Portland Auto Insurance Rates for a Dodge Ram? (FAQ)
• What Auto Insurance is Cheapest for a Kia Optima in Portland? (FAQ)
• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• Child Safety Seats (Insurance Information Institute)
• Side Impact Crash Tests (iihs.org)
• State Car Insurance Guides (GEICO)