Auto Insurance Quotes for a Honda Insight in Minneapolis

Amazingly, a recent study showed that a large majority of drivers kept buying from the same company for a minimum of four years, and almost half have never compared rates to find cheap insurance. Minnesota drivers could cut their rates by nearly 50% a year, but they underestimate how much money they would save if they switched to a cheaper policy.

Discount Honda Insight insuranceTruthfully, the best way to find better pricing on Honda Insight insurance is to regularly compare prices from companies in Minneapolis. You can compare prices by completing these steps.

Step 1: Get a basic knowledge of coverages and the modifications you can make to keep rates down. Many policy risk factors that are responsible for high rates such as speeding tickets, careless driving and a low credit rating can be amended by making minor changes to your lifestyle.

Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from a single company like Progressive or Allstate, while independent agents can provide price quotes from multiple companies. View insurance agents

Step 3: Compare the new rate quotes to your current policy and see if you can save money. If you can save money and make a switch, make sure there is no lapse in coverage.

Step 4: Give notification to your current company of your intention to cancel your existing policy. Submit payment along with a signed and completed policy application for your new coverage. Be sure to put the new certificate verifying proof of insurance above your visor, in the console, or in the glove compartment.

The critical component of shopping around is to use the same physical damage deductibles and liability limits on each quote and and to get price estimates from as many carriers as you can. Doing this enables a fair price comparison and plenty of rates choose from.

Our goal in writing this article help you learn the best way to quote coverages and how to save the most money. If you have a policy now, you will surely be able to lower your rates using the concepts covered in this article. Smart buyers just have to learn the most time-saving way to compare company rates over the internet.

Finding a better price on auto insurance can be quick and easy. All that’s required is to invest a few minutes comparing rates provided by online insurance companies.

The following companies can provide price comparisons in Minnesota. If you want the best cheap car insurance in Minnesota, we recommend you compare several of them to get the most affordable price.

It may be expensive, but it’s not optional

Despite the fact that insurance is not cheap in Minneapolis, insurance may be required and benefits you in several ways.

The benefits of having insurance are definitely more than the cost, especially with large liability claims. Unknowingly, the average driver overpays as much as $810 a year so you should quote and compare rates at every renewal to save money.

Data for Honda Insight insurance

The table below highlights different coverage costs for Honda Insight models. Having knowledge of how prices are established is important for making informed decisions.

Honda Insight Insurance Rates in Minneapolis, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $236 $508 $428 $26 $128 $1,326 $111
Insight EX $272 $598 $428 $26 $128 $1,452 $121
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Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Rates do not factor in specific location which can revise auto insurance rates noticeably.

Policy deductibles

One of the hardest decisions when shopping for auto insurance is how high should the physical damage coverage deductibles be. The tables below show the cost difference when you select higher and lower comp and collision deductibles. The first data table uses a $100 physical damage coverage deductible and the second set of rates uses a $1,000 deductible.

Honda Insight insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $238 $492 $318 $18 $94 $1,185 $99
Insight EX $272 $580 $318 $18 $94 $1,307 $109
Get Your Own Custom Quote Go

Honda Insight insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $132 $260 $318 $18 $94 $822 $69
Insight EX $152 $306 $318 $18 $94 $888 $74
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Rate information does not factor in specific garaging location which can impact coverage rates significantly.

We can estimate from the data above that using a $100 deductible could cost the average driver approximately $32 more each month or $384 each year than quoting the higher $1,000 deductible. Because you would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go more than 28 months between claim filings, you would probably save some money going with the higher deductible.

Violations and accidents raise rates

The information below highlights how traffic violations and fender-benders can raise Honda Insight annual premium costs for different age groups. The rate quotes are based on a married female driver, comp and collision included, $1,000 deductibles, and no discounts are taken into consideration.

Auto insurance rates by age and gender in Minneapolis

The information below visualizes the comparison of Honda Insight car insurance costs for male and female drivers. The rate quotes are based on no accidents, no driving violations, full physical damage coverage, $1,000 deductibles, single status, and no discounts are applied to the premium.

Discounts mean cheaper rates for Honda Insight insurance in Minneapolis

Auto insurance is expensive, but there are discounts available that may help make it more affordable. Certain discounts will be applied at quote time, but occasionally some discounts must be inquired about before they will apply.Save money with discounts

It’s important to understand that many deductions do not apply to the entire policy premium. Most only reduce the price of certain insurance coverages like collision or personal injury protection. So even though you would think you would end up receiving a 100% discount, companies don’t profit that way.

The example below shows the difference between Honda Insight insurance costs with and without discounts applied to the premium. The rate quotes are based on a female driver, no accidents, no driving violations, Minnesota state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, marriage, multi-car, claim-free, and multi-policy discounts applied.

To view insurers that offer the discounts shown above in Minneapolis, click this link.

Best car insurance company in Minneapolis

Choosing the best auto insurance provider is difficult considering how many companies sell insurance in Minneapolis. The company rank data listed below may help you choose which insurers you want to consider comparing rates with.

Top 10 Minneapolis Car Insurance Companies Ranked by Customer Service

  1. Mercury Insurance
  2. Nationwide
  3. State Farm
  4. Safeco Insurance
  5. American Family
  6. Titan Insurance
  7. Travelers
  8. Liberty Mutual
  9. GEICO
  10. Allstate