Best Ways to Save on Durham Honda Insight Insurance

Insurance for Honda InsightSearching for better insurance prices for a Honda Insight in North Carolina could be an all-consuming task, but you can follow our auto insurance buying tips to save time. There is a right way and a wrong way to find auto insurance online so we’re going to tell you the quickest way to get price quotes for your Honda and get the best price possible.

You should take the time to do rate comparisons once or twice a year because auto insurance rates go up and down regularly. Just because you had the lowest rate on Honda Insight insurance in Durham a year ago there may be better deals available now. Block out anything you think you know about auto insurance because you’re about to learn the things you must know in order to save money, get proper deductibles and limits, all at the lowest rate.

Compare Durham Honda Insight insurance rate quotes

Getting low cost Honda Insight auto insurance pricing is not rocket science. You just have to take a couple of minutes comparing rate quotes to see which company has the cheapest Honda Insight rate quotes.

The companies shown below are ready to provide free quotes in North Carolina. If you wish to find the best auto insurance in Durham, we suggest you get prices from several of them to get a more complete price comparison.

Why you need vehicle insurance in North Carolina

Even though it’s not necessarily cheap to insure a Honda in Durham, auto insurance may not be optional for several reasons.

The benefits of buying enough insurance more than offset the price you pay, especially for larger claims. An average driver in America overpays as much as $750 every year so compare rates at least once a year to ensure rates are inline.

Rates and information analytics

The premium information displayed below showcases a range of insurance prices for Honda Insight models. Understanding how premiums are determined is important for making smart choices when choosing a car insurance company.

Honda Insight Insurance Rates in Durham, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $162 $318 $254 $16 $76 $826 $69
Insight EX $186 $374 $254 $16 $76 $906 $76
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Prices based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Table data does not factor in zip code location which can alter price quotes considerably.

Cost of full coverage in Durham

The illustration below visualizes the comparison of Honda Insight annual premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on no violations or accidents, $1,000 deductibles, marital status is single, and no policy discounts are applied.

When to stop buying comprehensive and collision coverage

There isn’t a steadfast formula of when to eliminate full coverage, but there is a broad guideline. If the annual cost of coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s say your Honda Insight book value is $8,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would receive is $7,000 after paying your policy deductible. If it’s costing in excess of $700 a year for your policy with full coverage, then you might consider buying liability only.

There are some situations where removing full 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 satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not eliminate full coverage.

Get discounts to get affordable Durham insurance quotes

Some companies do not advertise every discount they offer in an easy-to-find place, so the next list breaks down some of the more common as well as some of the hidden credits that you can use to lower your rates.Discount insurance

Don’t be shocked that some credits don’t apply to the entire policy premium. Most only cut the cost of specific coverages such as liability and collision coverage. Even though the math looks like you could get a free insurance policy, that’s just not realistic.

The example below illustrates the difference between Honda Insight insurance premiums with and without discounts being applied to the rates. The data is based on a female driver, no claims or driving violations, North Carolina 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 safe-driver, multi-car, multi-policy, homeowner, marriage, and claim-free discounts applied.

If you would like to choose from a list of insurance companies who offer insurance discounts in Durham, click here to view.