Auto Insurance Rate Quotes for a Honda Insight in Long Beach

Insurance rates Honda Insight in Long BeachA recent auto insurance study discovered that most auto insurance buyers kept their coverage with the same auto insurance company for well over three years, and approximately 38% of consumers have never compared rate quotes at all. The average driver in California could cut their rates by about $470 a year by just comparing quotes, but they just assume it’s a time-consuming process to compare other rate quotes.

The best way we recommend to get budget auto insurance rates in Long Beach is to regularly compare prices from insurers who sell auto insurance in California.

  1. Take a few minutes and learn about coverages and the modifications you can make to keep rates in check. Many factors that cause rate increases like speeding tickets, careless driving and an imperfect credit score can be eliminated by making minor driving habit or lifestyle changes. Continue reading for more information to help prevent costly coverage and find additional discounts.
  2. Compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give prices from one company like Progressive or Farmers Insurance, while independent agencies can provide prices from multiple companies. View prices
  3. Compare the new rate quotes to your existing rates and determine if there is any savings. If you can save some money, make sure coverage does not lapse between policies.
  4. Tell your current agent or company of your intent to cancel the current policy and submit a completed application and payment to the newly selected company. As soon as you receive it, put the certificate verifying coverage along with the vehicle’s registration papers.

A good piece of advice is to compare similar limits and deductibles on every price quote and and to get quotes from every company you can. Doing this guarantees a fair rate comparison and the best price quote selection.

Cheap Honda insurance prices in Long Beach

The following companies are ready to provide price comparisons in Long Beach, CA. If you want to find cheap auto insurance in California, we suggest you visit as many as you can to get the most affordable price.

Honda Insight coverage analysis

The premium information shown next covers a range of insurance premium costs for Honda Insight models. Being able to understand how car insurance prices are established can be of help when making informed decisions when comparing rates.

Honda Insight Insurance Rates in Long Beach, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $268 $570 $596 $36 $178 $1,648 $137
Insight EX $308 $672 $596 $36 $178 $1,790 $149
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Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Premium costs do not factor in your specific Long Beach location which can decrease or increase premium rates noticeably.

Higher deductibles lower rates

A question often asked by Long Beach drivers is how high should the physical damage coverage deductibles be. The comparisons below help summarize how much more rates are when you select higher and lower comp and collision deductibles. The first set of rates uses a $100 deductible for comprehensive and collision coverage and the second rate table uses a $1,000 deductible.

Honda Insight insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $332 $686 $442 $26 $132 $1,643 $137
Insight EX $380 $810 $442 $26 $132 $1,815 $151
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Honda Insight insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $184 $362 $442 $26 $132 $1,146 $96
Insight EX $210 $426 $442 $26 $132 $1,236 $103
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Information does not factor in vehicle location which can decrease or increase prices noticeably.

We can estimate from the data above that using a $100 deductible costs roughly $44 more each month or $528 for a full year than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 20 months between claim filings, you would save more money by selecting a higher deductible.

How to calculate when to raise deductibles

Average monthly premium for $100 deductibles: $144
Average monthly premium for $1,000 deductibles (subtract): – $100
Monthly savings from raising deductible: $44
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $44
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

One thing to be aware of is that increasing deductibles to save money means you will have to pay more out-of-pocket at claim time. You should have some funds available in the event you have to pay the deductible to have repairs made.

The diagram below illustrates how choosing a deductible and can influence Honda Insight insurance premiums for different age groups. The premium estimates are based on a single male driver, full physical damage coverage, and no policy discounts are applied.

Auto insurance prices based on gender

The illustration below illustrates the difference between Honda Insight yearly insurance costs for male and female drivers. The rates are based on no violations or accidents, full physical damage coverage, $500 deductibles, single marital status, and no discounts are taken into consideration.

Price comparison of only insuring for liability

The example below compares Honda Insight insurance rates with and without physical damage coverage. The information is based on a clean driving record, no claims, $250 deductibles, marital status is single, and no discounts are factored in.

Guidelines for eliminating full coverage

There isn’t a steadfast formula that works best for making the decision to drop physical damage insurance, but there is a general convention. If the yearly cost for physical damage coverage is about 10% or more of the settlement you would receive from your company, then you may need to consider dropping full coverage.

For example, let’s say your Honda Insight book value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $3,000 after the policy deductible has been paid. If you are paying more than $300 annually to have full coverage, the it may be a good time to stop paying for full coverage.

There are a few situations where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you have to maintain full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not buy liability only.

Informed Drivers Know How to Get Auto Insurance Cheaper

When buying auto insurance it’s important to understand some of the things that aid in calculating your policy premiums. If you know what controls the rates you pay, this allows you to make educated decisions that may result in cheaper rates. Lots of things are used in the calculation when quoting car insurance. Most are fairly basic such as your driving history, but others are less apparent such as your credit history or how financially stable you are.

Cheaper rates with these discounts

Some providers do not advertise every possible discount very clearly, so the next list breaks down a few of the more common and also the more inconspicuous discounts that you may qualify for.Auto insurance discounts

As a footnote on discounts, some of the credits will not apply to the entire cost. Most only cut the price of certain insurance coverages like medical payments or collision. So even though it sounds like all those discounts means the company will pay you, you won’t be that lucky.

The diagram below shows the difference between Honda Insight annual premium costs with and without discounts being applied to the rates. The information is based on a female driver, no driving violations, no at-fault accidents, California state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-car, marriage, multi-policy, and safe-driver discounts applied.

Large auto insurance companies and their possible discounts can be read below.

Check with every prospective company the best way to save money. Some credits might not be available to policyholders in Long Beach. To find companies who offer online Honda Insight insurance quotes in Long Beach, click here to view.

Can’t I get rate quotes from local Long Beach insurance agents?

Some people still like to buy from a local agent and that is OK! Professional insurance agents are highly skilled in risk management and will help you if you have claims. The biggest benefit of getting online price quotes is you can get the lowest rates and still have an agent to talk to. And supporting local insurance agents is especially important in Long Beach.

Insurance agency in Long BeachBy using this short form, your insurance coverage information is emailed to companies in Long Beach that provide free Long Beach auto insurance quotes and help you find cheaper coverage. You never need to find an agent on your own because prices are sent straight to your inbox. In the event you want to get a rate quote for a specific company, you would need to go to their quote page and submit a quote form there.

Different types of Long Beach auto insurance agents

When researching a reliable agent, you should know the different agency structures that you can choose from. Car insurance agents in Long Beach are either independent (non-exclusive) or exclusive. Both types of agents can insure your vehicles properly, but it’s important to point out the subtle differences since it can impact which agent you choose.

Independent Car Insurance Agents (or Brokers)

Independent insurance agents are appointed with more than one company so they can insure your vehicles amongst many companies and get you the best rates possible. If you want to switch companies, an independent agent can move your coverage which requires no work on your part. If you are comparing car insurance prices, we highly recommend that you compare quotes from a few independent agents to have the most options to choose from. Many can place coverage with companies that do not advertise much who may have lower rates.

The following is a small list of independent agents in Long Beach who may provide price quotes.

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Exclusive Agencies

Agents that choose to be exclusive can only quote rates from one company such as Allstate, State Farm and Farmers Insurance. These agents are unable to provide prices from multiple companies so always compare other rates. Exclusive insurance agents receive extensive training in insurance sales which helps overcome the inability to quote other rates. Consumers sometimes choose to use an exclusive agent mostly because of the brand legacy and solid financial strength.

Shown below are Long Beach exclusive insurance agents that can give you price quotes.

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Finding the right insurance agent is decision based upon more than just a cheap price. Here are some questions to ask:

When should I discuss my situation with an agent?

When choosing coverage for your vehicles, there is no one-size-fits-all type of policy. Coverage needs to be tailored to your specific needs.Higher deductibles save money

These are some specific questions might help in determining if your insurance needs would benefit from professional advice.

If it’s difficult to answer those questions, you may need to chat with a licensed agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, free and can help protect your family.

Smart consumers save more

Consumers leave their current company for any number of reasons including unfair underwriting practices, extreme rates for teen drivers, high rates after DUI convictions or not issuing a premium refund. Regardless of your reason, finding a new insurance company can be easy and end up saving you some money.

We’ve covered some good ideas how you can reduce Honda Insight insurance car insurance rates online in Long Beach. It’s most important to understand that the more companies you get premium rates for, the better chance you’ll have of finding the cheapest Honda Insight rate quotes. You may even find the biggest savings come from a small mutual company.

When getting Long Beach auto insurance quotes online, you should never sacrifice coverage to reduce premiums. In many instances, someone sacrificed physical damage coverage to discover at claim time that it was a big error on their part. Your objective should be to buy the best coverage you can find at the best possible price.

Additional insurance information can be read at the links below