Cheap Quotes for Honda Fit Insurance in Miami

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Insurance rates Honda Fit in MiamiAre you trying to find more competitive Honda Fit insurance in Miami? Are you drained from being strong-armed to insure your Honda every month? You're in the same situation as millions of other consumers.

Unimaginable but true, most auto insurance customers kept their coverage with the same auto insurance company for at least four years, and virtually 40% of consumers have never even compared rates from other companies. With the average auto insurance premium being $2,200, Florida drivers could save nearly $1,126 each year just by comparing rates, but they just assume it takes a lot of time to find cheaper auto insurance rates.

Steps to saving on Honda Fit insurance in Miami

If you want to save money, the best way to quote cheaper Honda Fit insurance is to regularly compare quotes from companies in Miami.

  • First, try to learn about the different coverages in a policy and the things you can change to prevent expensive coverage. Many risk factors that drive up the price like speeding tickets, careless driving and an unacceptable credit score can be controlled by making small lifestyle or driving habit changes.
  • Second, request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from one company like GEICO and State Farm, while agents who are independent can give you price quotes for many different companies.
  • Third, compare the new rate quotes to your current policy premium to see if switching to a new carrier will save money. If you can save some money and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
  • Fourth, notify your agent or company of your decision to cancel the current policy and submit a completed policy application and payment to the new company. Don't forget to safely store the certificate verifying coverage with your registration paperwork.

An important bit of advice to remember is that you'll want to make sure you compare identical limits and deductibles on every price quote and and to get rates from as many auto insurance providers as possible. This enables a level playing field and the best rate selection.

Big-name insurance companies like GEICO and Progressive increase brand awareness with TV and radio ads and it can be hard to not get sucked in by the cute commercials and find the best price available.

Consumers should take time to compare rates on a regular basis because auto insurance rates are variable and change quite frequently. Even if you got the best premium rates on Honda Fit insurance in Miami on your last policy you will most likely find a better price today. There is lot of inaccurate information about Fit insurance online, but we're going to give you some guaranteed methods to stop overpaying for insurance in Miami.

Best companies for competitive Honda Fit insurance in Florida

The auto insurance companies shown below are ready to provide free rate quotes in Miami, FL. If you want to find the best car insurance in Miami, FL, we suggest you visit two to three different companies to get a more complete price comparison.

Insurance coverage details

The premium information displayed below showcases different prices for Honda Fit models. Having a better understanding of how rate quotes are figured helps drivers make smart choices when purchasing an auto insurance policy.

Honda Fit Insurance Rates in Miami, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fit $166 $386 $358 $22 $108 $1,040 $87
Fit Sport $192 $386 $358 $22 $108 $1,066 $89
Fit Sport VSA $192 $454 $358 $22 $108 $1,134 $95
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Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Price estimates do not factor in Miami location which can increase or decrease insurance rates considerably.

Higher deductibles lower rates

One frequently asked question is how high should the deductibles for physical damage be. The tables below summarize the rate difference when you select higher and lower physical damage deductibles. The first rate quote example uses a $250 comprehensive and collision deductible and the second price table uses a $1,000 deductible.

Honda Fit insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fit $280 $544 $276 $16 $82 $1,223 $102
Fit Sport $322 $544 $276 $16 $82 $1,265 $105
Fit Sport VSA $322 $640 $276 $16 $82 $1,361 $113
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Honda Fit insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fit $174 $342 $276 $16 $82 $890 $74
Fit Sport $200 $342 $276 $16 $82 $916 $76
Fit Sport VSA $200 $402 $276 $16 $82 $976 $81
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Prices do not factor in zip code location which can lower or raise premiums considerably.

Based on the above data, using a $250 deductible would cost the average driver about $30 more each month or $360 every year averaged for all Fit models than choosing the higher $1,000 deductible. Since you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at a minimum 25 months between claims, you would save more money if you opt for a higher deductible.

How to calculate if a higher deductible is a good decision

Average monthly premium for $250 deductibles: $107
Average monthly premium for $1,000 deductibles (subtract): - $77
Monthly savings from raising deductible: $30
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $30
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 25 months

One thing to be aware of is that increasing deductibles to lower your rates means you will have to pay more of your own money when you have a comprehensive or collision claim. That will necessitate some money saved in the event you have to pay the deductible for vehicle repair.

Comparison of full coverage and liability-only policies

The example below visualizes the comparison of Honda Fit auto insurance rates with full physical damage coverage compared to only buying liability only. Data assumes a clean driving record, no claims, $250 deductibles, single status, and no discounts are taken into consideration.

When to stop paying for full coverage

There isn't a written rule to eliminate physical damage insurance, but there is a general convention. If the annual cost of having full coverage is more than around 10% of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let's assume your Honda Fit claim settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after paying your policy deductible. If premiums are more than $400 annually for your policy with full coverage, then you may need to consider dropping full coverage.

There are some cases where dropping full coverage is not financially feasible. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should keep full coverage on your policy.

Discounts for lower-cost car insurance quotes

Some providers don't always publicize the entire discount list very well, so we researched some of the more common and the harder-to-find credits available to lower your premiums when you buy Miami car insurance online.Save money with discounts

  • Distant Student - College-age children who live away from home at college and won't have access to an insured vehicle may be able to be covered for less.
  • Passive Restraints and Air Bags - Options like air bags or automatic seat belts may get savings of up to 25% or more.
  • Discount for Low Mileage - Fewer annual miles on your Honda may enable drivers to earn discounted prices on garaged vehicles.
  • Safe Driver Discount - Insureds without accidents can pay as much as 50% less than their less cautious counterparts.
  • 55 and Retired - Older drivers could receive a slight reduction on a Miami car insurance quote.
  • Smart Student Discounts - Being a good student may save as much as 25% on a Miami car insurance quote. The good student discount can last until age 25.
  • Use Seat Belts - Drivers who require all occupants to use their safety belts can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
  • Sign Online - Some car insurance companies will give you a small discount just for signing your application on their website.
  • Pay Now and Pay Less - By paying your entire bill at once instead of making monthly payments you could save 5% or more.
  • Theft Deterrent Discount - Cars and trucks optioned with advanced anti-theft systems are stolen with less frequency and can earn a small discount on your policy.

It's important to note that most discounts do not apply to the entire policy premium. Some only apply to individual premiums such as comprehensive or collision. So when it seems like it's possible to get free car insurance, car insurance companies aren't that generous.

The chart below illustrates the difference between Honda Fit insurance premiums with and without discounts applied to the policy rates. The price estimates are based on a male driver, no violations or accidents, Florida state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, claim-free, multi-car, multi-policy, and safe-driver discounts applied.

To choose car insurance companies with discount car insurance rates in Miami, click this link.

Seven Things That Affect Your Insurance Rates

Multiple criteria are part of the calculation when pricing auto insurance. Most are fairly basic like your driving record, although some other factors are less apparent like where you live and annual miles driven. Smart consumers have a good feel for the factors that are used to determine auto insurance rates. When you know what positively or negatively positively or negatively impacts your premiums, this enables informed choices that may result in better auto insurance rates.

  • Tickets will cost you - Attentive drivers receive lower rates as compared to those with violations. Even a single speeding ticket or other violation may cause rates to rise by as much as thirty percent. Drivers who have received multiple violations like hit and run, DWI or reckless driving convictions are required to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to continue driving.

    The example below demonstrates how speeding tickets and at-fault collisions drive up Honda Fit insurance prices for different age groups. The prices are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.

  • Don't cancel your auto insurance policy without a new one in place - Driving your car without having proper coverage is not a good idea and you will pay a penalty because you let your insurance lapse. Not only will you pay higher rates, getting caught without coverage could earn you fines or a revoked license. You will then be forced to provide proof of insurance in the form of an SR-22 filing with the Florida motor vehicle department.
  • Don't buy extra coverages that aren't used - There are quite a few extra bells and whistles that you can get tricked into buying if you don't pay attention. Insurance for replacement cost coverage, accident forgiveness, and additional equipment coverage are some examples. The coverages may be enticing at first, but if they're wasting money eliminate the coverages to reduce your premium.
  • Stay claim-free and lower auto insurance rates - Car insurance companies in Florida award lower rates to insureds who are not frequent claim filers. If you're an insured who likes to file claims you can look forward to either a policy non-renewal or much higher rates. Your car insurance is designed for the large, substantial claims.
  • Gender and auto insurance costs - Statistics demonstrate that females take fewer risks when driving. Now that doesn't mean men are WORSE drivers than women. Both genders cause auto accidents in similar percentages, but the males get into accidents with more damage. Men also receive more major tickets such as driving while intoxicated (DWI) or driving recklessly.

    The example below illustrates the difference between Honda Fit insurance rates for male and female drivers. The data assumes a clean driving record, no claims, full physical damage coverage, $100 deductibles, drivers are single, and no policy discounts are applied.

  • Poor credit can mean higher rates - Credit score can be an important factor in calculating your premium rate. If your credit score leaves room for improvement, you may save money insuring your Honda Fit by repairing your credit. People with high credit scores tend to file fewer claims and have better driving records as compared to drivers with poor credit.
  • Lower premiums for safer vehicles - Vehicles that have high safety ratings tend to be cheaper to insure. Safer cars reduce injuries and any reduction in injury severity translates into savings for insurance companies which can mean better rates for you. If your Honda has at least four stars on it is probably cheaper to insure.
  • Honda Fit insurance loss data - Companies analyze claim trends for every vehicle to help determine the rate you pay. Models that have increased claim numbers or amounts will cost more to insure.

    The table below illustrates the historical insurance loss data for Honda Fit vehicles. For each policy coverage type, the claim amount for all vehicles averaged together is equal to 100. Numbers that are below 100 indicate better than average losses, while percentage numbers above 100 indicate more frequent claims or an increased chance of larger losses than average.

    Honda Fit Insurance Claim Statistics
    Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Honda Fit 89 78 90 99 97 92

    Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Will just any policy work for me?

When it comes to choosing adequate coverage for your personal vehicles, there is no "perfect" insurance plan. You are unique.Higher deductibles save money

For example, these questions could help you determine whether you would benefit from professional advice.

  • I have good health insurance, so how much medical payments coverage do I need?
  • Can I afford to buy a different vehicle if my Honda Fit is totaled?
  • How can I find cheaper teen driver insurance?
  • Can my babysitter drive my car?
  • Is my vehicle covered by my employer's policy when using it for work?
  • Is my teen driver covered when they drive my company car?
  • Is my Honda Fit covered if I use it for business?
  • Is a driver training discount available?
  • Are there companies who specialize in insuring high-risk drivers?

If you're not sure about those questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form.

You may want advice from an insurance agent

Many people just prefer to sit down and talk to an agent and that can be a great decision The biggest benefit of comparing insurance prices online is that you can obtain cheaper premium rates but still work with a licensed agent.

After filling out this form (opens in new window), the quote information is immediately sent to participating agents in Miami who will give you quotes for your coverage. It makes it easy because there is no need to contact an agency due to the fact that quote results will go directly to your email. You'll get the best rates without a big time investment. If you need to compare prices from one company in particular, you would need to jump over to their website and fill out their quote form.

Finding the right provider requires more thought than just the premium amount. Any agent in Miami should have no problem answering these questions:

  • How long has the business existed?
  • Do they prorate repair cost based on vehicle mileage?
  • Are they involved in claim handling?
  • Where would your vehicle be repaired?
  • Does the company allow you to choose your own collision repair facility?
  • What is the financial rating for the quoted company?
  • Do they have any clout with companies to ensure a fair claim settlement?
  • Is the agency involved in supporting local community causes?

Quote more to save more

Cheap Honda Fit insurance in Miami can be sourced both online in addition to many Miami insurance agents, so you need to quote Miami car insurance with both in order to have the best chance of saving money. There are still a few companies who do not provide online rate quotes and these regional carriers provide coverage only through local independent agencies.

Drivers who switch companies do it for any number of reasons including high rates after DUI convictions, extreme rates for teen drivers, poor customer service or even being labeled a high risk driver. Regardless of your reason for switching companies, finding a new company is not as difficult as it may seem.

We've covered many tips how you can get a better price on Honda Fit insurance in Miami. It's most important to understand that the more price quotes you have, the better your comparison will be. You may even discover the lowest prices come from the smaller companies.

Steps to finding more affordable Honda Fit insurance in Miami

The preferred way to get the cheapest Honda Fit insurance is to start comparing prices regularly from different companies in Miami. Rate comparisons can be done by following these guidelines.

Step 1: Take a few minutes and learn about car insurance and the measures you can take to prevent expensive coverage. Many rating criteria that drive up the price like careless driving and your credit history can be remedied by paying attention to minor details.

Step 2: Compare prices from direct, independent, and exclusive agents. Exclusive agents and direct companies can provide rates from one company like Progressive or Allstate, while independent agents can provide prices from multiple companies. View rates

Step 3: Compare the price quotes to your existing coverage to see if switching to a new carrier will save money. If you find a lower rate and switch companies, make sure there is no coverage gap between policies.

One thing to remember is to use similar limits and deductibles on each price quote and and to get quotes from as many different insurance providers as possible. This helps ensure an apples-to-apples comparison and a complete selection of prices.

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