Auto Insurance Rates for a Honda Pilot in Fort Worth

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Honda Pilot insurance
Honda Pilot insurance image courtesy of QuoteInspector.com

If your goal is the lowest price, then the best way to get budget Honda Pilot insurance is to regularly compare quotes from companies that insure vehicles in Fort Worth. You can shop around by following these steps.

  • Step 1: It will benefit you to learn about car insurance and the measures you can take to keep rates low. Many rating factors that are responsible for high rates such as speeding tickets, careless driving and an unacceptable credit history can be amended by making minor changes in your lifestyle. Later in this article we will cover the details to lower rates and find available discounts that you may qualify for.
  • Step 2: Compare prices from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like GEICO or Allstate, while independent agents can give you price quotes from multiple sources. View rates
  • Step 3: Compare the new rate quotes to your existing policy to see if switching to a new carrier will save money. If you find a better price and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.

One thing to point out is to make sure you're comparing identical deductibles and limits on every price quote and and to look at as many different insurance providers as possible. This provides the most accurate price comparison and a better comparison of the market.

Insurance quote for Honda Pilot in Fort WorthRegrettably, the vast majority of consumers in Texas have purchased from the same company for a minimum of four years, and just short of a majority have never compared rate quotes at all. American insurance shoppers could save approximately $859 a year, but they just don't understand the benefits if they switched.

It's important to know that obtaining a wide range of quotes helps increase your odds of locating a better price.

The companies shown below can provide free quotes in Fort Worth, TX. If several companies are displayed, we recommend you visit as many as you can in order to find the most competitive rates.

Honda Pilot coverage statistics

The premium table displayed below outlines different prices for Honda Pilot models. Learning how prices are calculated is important for making informed decisions when comparing rates.

Honda Pilot Insurance Rates in Fort Worth, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $156 $252 $400 $24 $120 $952 $79
Pilot EX 2WD $176 $252 $400 $24 $120 $972 $81
Pilot EX 4WD $176 $252 $400 $24 $120 $972 $81
Pilot EX-L 2WD $176 $306 $400 $24 $120 $1,026 $86
Pilot EX-L 4WD $176 $306 $400 $24 $120 $1,026 $86
Pilot Touring 2WD $176 $306 $400 $24 $120 $1,026 $86
Pilot Touring 4WD $176 $306 $400 $24 $120 $1,026 $86
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Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Premium costs do not factor in garaging location in Fort Worth which can change insurance rates greatly.

An analysis of deductible level

One of the hardest decisions when shopping for car insurance is how high should the physical damage coverage deductibles be. The following insurance rates show the rate difference when you select higher and lower physical damage deductibles. The first pricing table uses a $250 physical damage deductible and the second set of prices uses a $500 deductible.

Honda Pilot insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $294 $408 $382 $22 $114 $1,245 $104
Pilot EX 2WD $332 $408 $382 $22 $114 $1,283 $107
Pilot EX 4WD $332 $408 $382 $22 $114 $1,283 $107
Pilot EX-L 2WD $332 $496 $382 $22 $114 $1,371 $114
Pilot EX-L 4WD $332 $496 $382 $22 $114 $1,371 $114
Pilot Touring 2WD $332 $496 $382 $22 $114 $1,371 $114
Pilot Touring 4WD $332 $496 $382 $22 $114 $1,371 $114
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Honda Pilot insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $240 $328 $382 $22 $114 $1,086 $91
Pilot EX 2WD $270 $328 $382 $22 $114 $1,116 $93
Pilot EX 4WD $270 $328 $382 $22 $114 $1,116 $93
Pilot EX-L 2WD $270 $400 $382 $22 $114 $1,188 $99
Pilot EX-L 4WD $270 $400 $382 $22 $114 $1,188 $99
Pilot Touring 2WD $270 $400 $382 $22 $114 $1,188 $99
Pilot Touring 4WD $270 $400 $382 $22 $114 $1,188 $99
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Information does not factor in zip code location which can decrease or increase prices greatly.

Based on these figures, using a $250 deductible will cost you about $15 more each month or $180 each year than buying the higher $500 deductible. Because you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at least 17 months between claims, you would probably come out ahead if you opt for a higher deductible. Here's how you can make your own decision.

Average monthly premium for $250 deductibles: $111
Average monthly premium for $500 deductibles (subtract): - $96
Monthly savings from raising deductible: $15
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $15
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

The illustration below demonstrates how deductibles and can impact Honda Pilot insurance premiums for different age categories. The premium estimates are based on a single male driver, full coverage, and no discounts are applied to the premium.

Annual premiums for males compared to females in Fort Worth

The diagram below illustrates the comparison of Honda Pilot car insurance rates for male and female drivers. The premium estimates are based on no tickets, no at-fault accidents, full physical damage coverage, $500 deductibles, single marital status, and no additional discounts are factored in.

Difference between liability only and full coverage rates

The information below shows the comparison of Honda Pilot auto insurance costs with full physical damage coverage compared to only buying liability only. The premiums are based on no claims or driving violations, $500 deductibles, single marital status, and no other discounts are factored in.

When to buy liability coverage only

There isn't a written rule that is best for determining when to drop physical damage coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is more than around 10% of the vehicle's replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let's pretend your Honda Pilot claim settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $3,000 after paying your deductible. If you are paying more than $300 annually for physical damage coverage, then you might consider buying liability only.

There are some conditions where buying only liability insurance is not advised. If you haven't paid off your loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

Honda Pilot Insurance Premium Factors

Many different elements are part of the equation when you get your auto insurance bill. Some are pretty understandable like a motor vehicle report, but others are less apparent such as your marital status or your vehicle rating. A large part of saving on auto insurance is knowing some of the factors that are used to determine the rates you pay for auto insurance. If you have some idea of what positively or negatively impacts your premiums, this empowers consumers to make smart changes that could help you find lower rates.

No coverage gaps is important - Having an insurance coverage lapse will be a guaranteed way to increase your renewal premiums. In addition to paying higher rates, being ticketed for driving with no insurance could result in fines and jail time. You will then be forced to provide proof of insurance in the form of an SR-22 filing with the Texas DMV.

Does your occupation raise your rates? - Jobs like doctors, police officers, and dentists usually pay higher premiums than the average policyholder attributed to intense work-related stress and extremely grueling work hours. On the other hand, jobs such as professors, students and retirees generally pay rates lower than average.

Add-on coverages can add up - There are quite a few extra coverages that you can get tricked into buying if you aren't careful. Things like roadside assistance, towing coverage, and membership fees may not be needed and are just wasting money. These coverages may sound good when talking to your agent, but now you might not need them so remove them from your policy.

Alarms and GPS tracking lower rates - Choosing to buy a car with a theft deterrent system can get you a discount on your auto insurance. Theft deterrent systems like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart auto theft and help lower rates.

Discounts for multiple policies - Lots of auto insurance companies allow better rates for people that purchase more than one policy, otherwise known as a multi-policy discount. The amount of the discounts can be ten percent or more. Even with this discount, drivers will still want to compare other Fort Worth Pilot insurance rates to ensure the best deal.There is a good possibility that you can save money by buying insurance from more than one company.

Don't cut corners with liability coverage - The liability section of your policy kicks in if you are determined to be liable for physical damage or personal injury to other. Liability insurance provides legal defense coverage to attempt to prove you were not liable. Liability is cheap when compared to the cost of physical damage coverage, so drivers should carry high limits.

Less chance of injury means lower auto insurance rates - Cars with five star safety ratings tend to have better insurance rates. Safer cars reduce occupant injuries and better occupant protection means your insurance company pays less and thus lower rates. If your Honda Pilot earned at least an "acceptable" rating on the Insurance Institute for Highway Safety website it may cost less to insure.

Older drivers pay less - More experienced drivers are viewed as being more responsible, tend to file fewer claims, and are safer drivers. Young drivers have been known to be easily distracted when behind the wheel and because of this, their auto insurance rates are much higher.

The next chart assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.

Honda Pilot insurance loss statistics - Companies include the past claim trends for vehicles to calculate a price that will offset losses. Models that tend to have increased losses will have higher premium rates.

The table below outlines the insurance loss data used by companies for Honda Pilot vehicles. For each insurance policy coverage type, the claim probability for all vehicles as a whole is considered to be 100. Numbers that are below 100 suggest losses that are better than average, while numbers shown that are more than 100 point to more frequent losses or an increased probability of a larger loss.

Auto Insurance Loss Data for Honda Pilot Models
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Honda Pilot 4dr 2WD 70 96 69 82 82 86
Honda Pilot 4dr 4WD 79 105 81 88 74 82
BETTER
AVERAGE
WORSE

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Insurance protects more than just your car

Despite the fact that insurance is not cheap in Fort Worth, insurance serves an important purpose.

  • Most states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific minimum amounts of liability insurance 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 loan on your Honda Pilot, it's most likely the lender will force you to have insurance to guarantee loan repayment. If you do not pay your insurance premiums, the lender may insure your Honda for a much higher rate and require you to pay the higher premium.
  • Insurance preserves your car and your assets. It will also pay for medical expenses for not only you but also any passengers injured in an accident. Liability insurance also covers all legal expenses up to the policy limit in the event you are sued. If your Honda gets damaged, your insurance policy will cover the damage repairs after a deductible is paid.

The benefits of buying enough insurance more than offset the price you pay, especially with large liability claims. According to a recent study, the average American driver is currently overpaying as much as $810 a year so we recommend shopping around each time the policy renews to make sure the price is not too high.