Buying the cheapest car insurance for a Honda Civic in Florida is fairly simple, but it depends on a fairly complex equation with a lot of factors such as whether you are single or married, the likelihood of your vehicle being stolen, and your motor vehicle report. Drivers pay around $1,674 each year to insure their Civic, but that cost is a valuation using a 30-year-old single female driver with full physical damage coverage and $500 deductibles.
When making auto insurance estimates, the issue arises that you are not 30 years old and maybe not even female, possibly married instead of single, or maybe you have a speeding ticket or two that will increase rates. Everyone has unique insurance needs, and this illustrates why the best way to find the cheapest insurance price for your Honda is to do your own rate comparisons. Quotes are free and easy and you will be able to compare rates from some of the best companies available.
The specific model of Civic impacts the coverage cost, so the price you pay to insure a Civic DX 4-Dr Sedan trim level will cost $552 less than the insurance cost for the fancier Civic SI 2-Dr Coupe trim level, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Civic DX 4-Dr Sedan||$254||$538||$564||$34||$168||$1,558||$130|
|Civic VP 4-Dr Sedan||$254||$634||$564||$34||$168||$1,654||$138|
|Civic LX 4-Dr Sedan||$254||$634||$564||$34||$168||$1,654||$138|
|Civic DX 2-Dr Coupe||$254||$634||$704||$42||$210||$1,844||$154|
|Civic EX 4-Dr Sedan||$254||$634||$564||$34||$168||$1,654||$138|
|Civic LX-S 4-Dr Sedan||$254||$634||$564||$34||$168||$1,654||$138|
|Civic LX 2-Dr Coupe||$254||$730||$704||$42||$210||$1,940||$162|
|Civic EX-L 4-Dr Sedan||$290||$730||$564||$34||$168||$1,786||$149|
|Civic SI 4-Dr Sedan||$290||$730||$564||$34||$168||$1,786||$149|
|Civic EX 2-Dr Coupe||$290||$730||$704||$42||$210||$1,976||$165|
|Civic GX 4-Dr Sedan||$290||$730||$564||$34||$168||$1,786||$149|
|Civic EX-L 2-Dr Coupe||$290||$730||$704||$42||$210||$1,976||$165|
|Civic Hybrid 4-Dr Sedan||$328||$634||$564||$34||$168||$1,728||$144|
|Civic SI 2-Dr Coupe||$328||$826||$704||$42||$210||$2,110||$176|
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Estimates do not factor in garaging location in Tampa which can decrease or increase prices greatly.
Deciding which company offers the cheapest auto insurance rates for a Honda Civic involves a bit more effort than just picking a company at random. Each auto insurer has a different process for setting prices, so let’s examine the most affordable auto insurance companies in Florida.
It’s important to know that Florida auto insurance rates are calculated based on many things that control the price of coverage. Getting older, filing a claim, or getting caught speeding can trigger rate changes resulting in some companies being more affordable than others.
Cheapest Insurance Rates for Your Honda
USAA may offer some of the best car insurance rates in Tampa at around $977 per year. This is $1,471 less than the average policy premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also qualify as some of the cheaper Tampa, FL car insurance companies.
In this example, if you currently have a policy with Progressive and switched to USAA, you might see annual savings of around $798. Florida drivers with Travelers could save as much as $911 a year, and Mercury customers might realize rate reductions of up to $937 a year.
It’s important to note that these policy rates are averages for all insureds and vehicles and do not factor in a specific location for a Honda Civic. So the auto insurance company that can offer you the best price may not even be in the list above. That’s why you need to compare prices as often as possible using your own specific driver information and vehicle.
Types of discounts on Tampa insurance rates
Insurers that offer coverage for a Honda Civic may have premium discounts that may potentially lower prices by 40% or more if you meet specific eligibility requirements. Large auto insurance companies and their offered discounts are shown below.
- State Farm may have discounts that include accident-free, safe vehicle, good driver, Drive Safe & Save, student away at school, and multiple autos.
- American Family policyholders can earn discounts including air bags, Steer into Savings, defensive driver, multi-vehicle, and early bird.
- AAA has discounts for education and occupation, anti-theft, multi-car, multi-policy, and good driver.
- GEICO may offer discounts for membership and employees, anti-lock brakes, air bags, seat belt use, good student, federal employee, and emergency military deployment.
- Mercury Insurance may include discounts for accident-free, multi-car, ease of repair, professional/association, type of vehicle, good student, and anti-theft.
- Farmers Insurance includes discounts for mature driver, alternative fuel, pay in full, distant student, good student, and switch companies.
- Progressive offers premium reductions for continuous coverage, online quote discount, good student, multi-vehicle, homeowner, and online signing.
The diagram below shows the comparison of auto insurance costs with and without discounts applied. The information is based on a male driver, a clean driving record, no at-fault accidents, Florida state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with accident-free, passive restraint, multiple policy, anti-theft, homeowner, and safe-driver discounts applied. In this example, the average savings per year on auto insurance for a Honda Civic is 28% or $729.
Careless driving habits raise Tampa auto insurance rates
The best way to score the cheapest auto insurance rates in Tampa for a Civic is to drive safely and avoid accidents and violations. The chart below shows how violations and accidents can drive up auto insurance rates for different ages of insureds. The data is based on a married male driver, comp and collision included, $250 deductibles, and no discounts are applied.
The data in the chart shows the average cost of auto insurance in Florida per year with no violations or accidents is $2,512. Get written up for one speeding ticket and the average cost jumps to $2,884, an increase of $371 each year. Now add one accident along with the one speeding ticket and the 12-month cost of auto insurance for a Honda Civic goes up to an average of $3,961. That’s an increase of $1,449, or $121 per month, just for not driving safely!
Price comparison of only insuring for liability
Saving on auto insurance is the goal of most vehicle owners, and one good way to pay lower rates for insurance for a Honda Civic is to not insure for full coverage. The information below shows the difference between premium costs with full coverage and liability only. The information is based on a clean driving record, no claims, $250 deductibles, drivers are single, and no other discounts are factored in.
If we average the cost for ages 20 through 70, physical damage insurance costs $2,950 per year more than insuring for liability only. At some point, almost every driver questions when is the right time to remove full coverage. There is no exact formula of when to phase out comp and collision coverage, but there is a general guideline you can use. If the yearly cost of full coverage is more than around 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.
For example, let’s say your vehicle’s replacement cost is $4,500 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $3,500 after the deductible is paid. If it’s costing you more than $350 annually to have full coverage, then you may need to consider dropping full coverage.
There are some circumstances where dropping physical damage coverage is not advised. If you haven’t satisfied your loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should keep full coverage.