Finding competitive insurance for a Honda Civic doesn’t take too much effort, but it hinges on a complex formula that considers things such as how many years you have been driving, the size of your vehicle, and your choice of physical damage deductibles. Minnesota drivers will pay around $1,438 annually for Civic insurance, but that figure is a projection based upon a 40-year-old single male driver with both comprehensive and collision coverage and $100 deductibles.
The issue with using an average estimated rate is the likelihood you aren’t exactly 40 years old or even a male, you might be married instead of single, and you don’t want the same coverages and limits as the example. Having the smallest difference in the criteria used to calculate rates may result in a big change in the price of a policy.
Every driver’s needs are different, and that is why the best way to find cheap insurance rates for your Honda is to do a thorough rate comparison.
Your Honda’s trim level tends to have a direct effect on the annual cost of coverage, so the cost to insure a Civic DX 4-Dr Sedan trim level will be $504 cheaper than the insurance cost for the more expensive Civic SI 2-Dr Coupe version, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Civic DX 4-Dr Sedan||$234||$566||$384||$22||$114||$1,320||$110|
|Civic VP 4-Dr Sedan||$234||$668||$384||$22||$114||$1,422||$119|
|Civic LX 4-Dr Sedan||$234||$668||$384||$22||$114||$1,422||$119|
|Civic DX 2-Dr Coupe||$234||$668||$480||$28||$144||$1,554||$130|
|Civic EX 4-Dr Sedan||$234||$668||$384||$22||$114||$1,422||$119|
|Civic LX-S 4-Dr Sedan||$234||$668||$384||$22||$114||$1,422||$119|
|Civic LX 2-Dr Coupe||$234||$768||$480||$28||$144||$1,654||$138|
|Civic EX-L 4-Dr Sedan||$268||$768||$384||$22||$114||$1,556||$130|
|Civic SI 4-Dr Sedan||$268||$768||$384||$22||$114||$1,556||$130|
|Civic EX 2-Dr Coupe||$268||$768||$480||$28||$144||$1,688||$141|
|Civic GX 4-Dr Sedan||$268||$768||$384||$22||$114||$1,556||$130|
|Civic EX-L 2-Dr Coupe||$268||$768||$480||$28||$144||$1,688||$141|
|Civic Hybrid 4-Dr Sedan||$302||$668||$384||$22||$114||$1,490||$124|
|Civic SI 2-Dr Coupe||$302||$870||$480||$28||$144||$1,824||$152|
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Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Rate information does not factor in vehicle location which can alter premiums greatly.
Finding out which companies have the most affordable insurance rates for a Honda Civic involves more work than just comparing a company or two. Every auto insurer has their own unique process for determining prices, so let’s take a look at the insurance companies that tend to have lower prices in Minneapolis.
Keep in mind that Minneapolis insurance rates are impacted by many things that control the price of your policy. Improving your credit rating, buying a different vehicle, or getting a driving violation can trigger rate changes resulting in some rates now being more affordable than the competition.
Best Auto Insurance Prices for Your Honda
|Rank||Company||Cost Per Year|
|3||Farm Bureau Mutual||$829|
|6||West Bend Mutual||$981|
|16||Auto Club Group||$1,393|
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Travelers normally has some of the most affordable car insurance rates in Minneapolis at around $641 each year. This is $780 less than the average rate paid by Minnesota drivers of $1,421. USAA, Farm Bureau Mutual, Western National, and The Hartford also rank well as some of the cheapest Minneapolis, MN car insurance companies.
As shown in the rates above, if you currently buy coverage from Western National and switched to Travelers, you may see a yearly price reduction of about $269. Customers with The Hartford might save as much as $285 a year, and West Bend Mutual insureds might realize rate reductions of up to $340 a year.
Remember that these prices are averages across all drivers and vehicles and and are not figured with a specific vehicle garaging location for a Honda Civic. So the company that has the lowest price for you may not even be in the top 24 companies shown above. That is why you need to get auto insurance quotes using your own driver data and vehicle information.
Full coverage versus liability only rates
Paying a lower price for insurance is important to most drivers, and a great way to buy cheap insurance for a Honda Civic is to not buy comprehensive and collision coverage. The chart below shows the difference between premium costs with full physical damage coverage compared to only buying liability only. The costs are based on no violations or accidents, $250 deductibles, drivers are single, and no additional discounts are factored in.
If averaged for all ages, comprehensive and collision coverage on your policy costs an additional $2,074 per year more than just insuring for liability. That is a large expense which might make you wonder if buying full coverage is a waste of money. There isn’t a written rule for excluding comp and collision coverage, but there is a general guideline you can use. If the annual cost of having full coverage is 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
For example, let’s say your vehicle’s book value is $11,500 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $10,500 after paying your policy deductible. If you are paying in excess of $1,050 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.
There are some situations where removing full coverage is not a good idea. If you still have a loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not eliminate full coverage.
Discount Minneapolis auto insurance
Car insurance companies that offer quotes for a Honda Civic may have policy discounts that can lower rates by 25% or more if you meet the requirements. A list of insurance companies and a selection of discounts are included below.
- 21st Century includes discounts for student driver, air bags, defensive driver, automatic seat belts, driver training, and early bird.
- State Farm has savings for safe vehicle, Drive Safe & Save, good driver, passive restraint, accident-free, student away at school, and anti-theft.
- AAA policyholders can earn discounts including multi-car, good driver, pay-in-full, good student, and AAA membership discount.
- Liberty Mutual may have discounts that include newly married, new move discount, exclusive group savings, multi-car, new vehicle discount, and hybrid vehicle.
- Progressive may include discounts for homeowner, multi-policy, online quote discount, online signing, and multi-vehicle.
The diagram below compares insurance costs with and without discounts applied. Data assumes a male driver, no claims or violations, Minnesota 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 bar shows the rates with homeowner, multiple policy, multiple vehicle, accident-free, anti-theft, and marriage discounts applied. When drivers take advantage of discounts, theamount saved on insurance for a Honda Civic is 28% or $737.
Compare rates to save
Minneapolis, MN insurance rates are determined by lots of factors which can substantially change the price you pay. Simply turning a year older, having a claim, or getting a couple of tickets may prompt premium changes resulting in some rates now being cheaper than competitors.
In addition, companies amend premium rates every year to reflect underwriting profits or losses. A period of higher than normal claims may cause rate increases, while long-term profits can cause cheaper Civic insurance rates.
To illustrate this point, the chart below shows the cheapest car insurance in Minneapolis, MN for a 45-year-old male driver with no accidents or violations, and solid credit. Based on his current situation, Travelers may have the most affordable car insurance rates in Minneapolis at $877 annually. This is $544 less than the average policy premium paid by Minnesota drivers of $1,421. USAA, Farm Bureau Mutual, Western National, and West Bend Mutual are the rest of the cheapest Minneapolis, MN auto insurance companies.
Let’s now give the driver in the first chart a claim or two, a lower credit rating, and a couple of points charged on his driving record. Due to the fact that each insurance company uses their own method for filing rates in each state, analyzing rate quotes could result in a new list of the cheapest car insurance companies in Minneapolis as shown below.
USAA now has the best price on car insurance in Minneapolis with Farm Bureau Mutual, Travelers, Allied, and State Farm now rounding out the top five. This example proves why it is critical to perform a complete rate comparison to get the most affordable car insurance rates for a Honda Civic.
Car insurance prices can be altered by many things and change substantially, so the most affordable company the last time you shopped your coverage around may now not even be in the top five.
How to find economical auto insurance for a Honda Civic
The list below shows a few money-saving solutions that can help Minnesota drivers quote low-cost car insurance.
- Avoid at-fault accidents and claims
- Buying home and auto together can help save money
- You will pay more if you get tickets or have at-fault accidents
- Safe vehicles cost less to insure
- Do not insure for full coverage
- Pay for smaller claims out-of-pocket
- Look for cheaper rates once a year by shopping around
The last idea is extremely valuable, as was emphasized in the prior information. Auto insurance prices in Minneapolis adjust often, so don’t be tentative to buy from a new company if you find a cheaper price.
Sticking with a specific company is fine, but it’s not recommended if that loyalty results in overpaying a considerable chunk of change every month. Take a few minutes and compare prices to find cheaper car insurance for a Honda Civic.