Honda Insight Insurance Rate Quotes in Fort Worth

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Wish you could get out of high-priced Honda Insight insurance in Fort Worth? It's a common feeling and there are many people just like you.

Insurance for Honda InsightAstonishing but true according to a recent study, a large majority of consumers kept buying from the same company for more than four years, and just short of a majority have never compared insurance rates at all. The average driver in America could cut their rates by almost $860 a year, but they underestimate the benefits if they bought a different policy. You have so many insurance companies to insure vehicles with, and although it's a good thing to have a selection, it can be more challenging to adequately compare rates for Honda Insight insurance in Fort Worth.

You should make it a habit to do price comparisons as often as possible due to the fact that insurance rates are rarely the same from one policy term to another. Just because you found the best premium rates on Honda Insight insurance in Fort Worth on your last policy there is a good chance you can find better prices now. Ignore everything you know about insurance because I'm going to teach you the best way to find better rates and still maintain coverage.

Finding the cheapest insurance coverage in Fort Worth is quite easy. If you already have coverage or want to find a cheaper company, you can follow these tips to buy cheaper insurance without having to cut coverage. Smart buyers just need to use the least time-consuming way to get comparison rates online.

The companies shown below offer quotes in Fort Worth, TX. If multiple companies are shown, we recommend you compare several of them to get a more complete price comparison.

Insurance coverage details

The premium information below highlights a range of insurance premium costs for Honda Insight models. Being aware of how auto insurance premiums are figured can be of help when making informed decisions.

Honda Insight Insurance Rates in Fort Worth, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $252 $570 $462 $28 $138 $1,450 $121
Insight EX $288 $672 $462 $28 $138 $1,588 $132
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Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Rate information does not factor in specific location information which can revise rates substantially.

Higher deductibles save money

One frequently asked question is what deductibles to buy. The comparison tables below highlight the rate differences between high and low policy deductibles. The first price estimate table uses a $250 physical damage coverage deductible and the second price table uses a $1,000 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 $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $158 $312 $382 $22 $114 $988 $82
Insight EX $182 $368 $382 $22 $114 $1,068 $89
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Information does not factor in Fort Worth location which can change coverage rates substantially.

We can estimate from the data above that using a $250 deductible will cost you approximately $27 more each month or $324 annually than requesting the higher $1,000 deductible. Because you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at least 28 months between claims, you would more than likely save some money if you opt for a higher deductible.

How to determine if higher deductibles are a good idea

Average monthly premium for $250 deductibles: $113
Average monthly premium for $1,000 deductibles (subtract): - $86
Monthly savings from raising deductible: $27
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 28 months

Age, gender, and Honda Insight insurance

The illustration below shows the comparison of Honda Insight insurance premiums for male and female drivers. Data assumes no claims or driving citations, full physical damage coverage, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.

Cost comparison with and without full coverage

The illustration below shows the comparison of Honda Insight insurance costs with and without full coverage. The prices are based on no tickets, no at-fault accidents, $500 deductibles, drivers are single, and no policy discounts are applied.

Guidelines for eliminating full coverage

There is no clear-cut rule of when to eliminate physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is more than 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let's pretend your Honda Insight book value is $4,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $3,000 after paying your policy deductible. If you are paying more than $300 annually to have full coverage, then it may be the right time to buy liability only.

There are some conditions where eliminating full coverage is not a good plan. If you haven't satisfied your loan, you must maintain physical damage coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not buy liability only.

Why Your Insurance Costs might be higher

Many things are part of the calculation when you quote your car insurance policy. Some factors are common sense like a motor vehicle report, but other criteria are not quite as obvious like your vehicle usage or how safe your car is.

Safer cars are cheaper to insure - Safer cars can get you lower premiums. Vehicles engineered for safety reduce occupant injuries and better occupant protection translates directly to fewer claims which can mean better rates for you.

More policies can equal more savings - Lots of insurers give better rates to people that have more than one policy such as combining an auto and homeowners policy. Discounts can be ten or even up to twenty percent in some cases. Even if you already get this discount, it's still a good idea to compare other company rates to help ensure you have the lowest rates. Drivers may still save money by insuring with multiple companies.

Only buy extra policy coverages you need - There are a ton of add-on coverages you can purchase if you aren't careful. Coverages for replacement cost coverage, high-cost glass coverage, and extra equipment coverage could be just wasting money. They may seem like a good idea when buying your policy, but if you don't need them get rid of them and save.

Raise physical damage deductibles and save - Physical damage coverage, also called comprehensive and collision insurance, is used to repair damage to your Honda. Some coverage claims are a dented fender, damage caused by hail, and windstorm damage. The deductibles state the amount of money you are required to pay before a claim is paid by your company. The more money you're willing to pay, the better rate you will receive.

Auto insurance does more than just protect your car

Despite the fact that auto insurance is not cheap in Fort Worth, buying auto insurance is mandatory in Texas but it also protects more than you think.

  • The majority of states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific level of liability insurance coverage in order to be legal. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a lien on your Honda, more than likely the lender will force you to have full coverage to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the lender will be forced to insure your Honda at a significantly higher premium and force you to pay the higher premium.
  • Insurance safeguards not only your Honda Insight but also your financial assets. It also can pay for medical bills for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, will also pay to defend you if someone files suit against you as the result of an accident. 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 insuring your Insight more than cancel out the cost, specifically if you ever have a liability claim. According to a 2015 survey, the average American driver overpays as much as $825 a year so you should quote your policy with other companies each time the policy renews to help ensure money is not being wasted.