Car Insurance Quotes for a Honda Insight in Tampa

How many times have you told yourself to find cheaper Honda Insight insurance in Tampa? Trying to come up with a payment for high-priced insurance can dwindle your monthly budget and put the squeeze on your family’s finances.

Discount Honda Insight insuranceIt’s easy to assume that insurance companies want to keep you from shopping around. Drivers who shop around for the cheapest rate are highly likely to switch companies because the odds are good of finding coverage at a cheaper rate. A recent survey discovered that drivers who compared rates regularly saved as much as $860 a year compared to other drivers who didn’t regularly shop around.

If saving money on insurance is your objective, then learning about how to find companies and compare insurance can help you succeed in saving money.

Many auto insurance companies vie for your hard-earned dollar, so it’s not easy to compare every provider and get the definite best rates possible on Honda Insight insurance in Tampa.

You should take the time to quote other rates at least once a year since rates go up and down regularly. Just because you had the lowest premium rates on Honda Insight insurance in Tampa a few years ago other companies may now be cheaper. Block out anything you think you know about insurance because I’m going to let you in on the secrets to the easiest way to properly buy coverages while reducing your premium.

If you currently have a car insurance policy, you stand a good chance to be able to get lower rates using the concepts you’re about to learn. Locating the best rates in Tampa seems hard but is not really that difficult. But Florida consumers can benefit by having an understanding of how insurance companies determine prices because rates fluctuate considerably.

When quoting car insurance, remember that getting more free quotes increases the chance that you will find a lower rate. Some insurance companies are not set up to provide price estimates online, so you also need to get rates from them, too.

The companies shown below are our best choices to provide price comparisons in Tampa, FL. If you want cheap auto insurance in FL, we suggest you get rate quotes from several of them to get a more complete price comparison.

Honda Insight insurance coverage information

The information shown below showcases detailed analysis of rate quotes for Honda Insight models. Learning as much as possible about how rates are determined can assist in making decisions on the best policy coverages.

Honda Insight Insurance Rates in Tampa, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $268 $668 $472 $28 $142 $1,578 $132
Insight EX $308 $786 $472 $28 $142 $1,736 $145
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Premium amounts do not factor in vehicle garaging location which can lower or raise insurance rates noticeably.

Choosing deductibles

One frequently asked question is the level to set your comp and collision deductibles. The comparisons below determine how much more you’ll pay of buying low and high policy deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second set of prices uses a $1,000 deductible.

Honda Insight insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $312 $648 $418 $24 $124 $1,551 $129
Insight EX $358 $764 $418 $24 $124 $1,713 $143
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Honda Insight insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $174 $342 $418 $24 $124 $1,082 $90
Insight EX $200 $402 $418 $24 $124 $1,168 $97
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Estimates do not factor in vehicle location which can influence premium rates noticeably.

Based on this data, using a $100 deductible costs roughly $42 more each month or $504 every year than buying the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at least 21 months between claims, you would more than likely save some money by going with a higher deductible. The table below shows a better example of how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $136
Average monthly premium for $1,000 deductibles (subtract): – $94
Monthly savings from raising deductible: $42
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $42
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

The information below highlights how deductible selection and can increase or decrease Honda Insight insurance prices for different age categories. The prices are based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.

How much more does full coverage cost?

The example below illustrates the difference between Honda Insight car insurance rates with full coverage and liability only. The data assumes no driving violations, no at-fault accidents, $500 deductibles, drivers are not married, and no other discounts are factored in.

When to eliminate full coverage

There is no definitive formula to drop full coverage, but there is a guideline you can use. If the yearly cost of full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Honda Insight claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $3,000 after you pay the deductible. If you are paying over $300 a year for comprehensive and collision coverage, then you may need to consider dropping full coverage.

There are some circumstances where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not remove full coverage.

Insurance can get complicated

Keep in mind that when it comes to choosing your policy for your personal vehicles, there isn’t really a cookie cutter policy. Your needs are not the same as everyone else’s so this has to be addressed.Higher deductibles save money
For example, these questions can aid in determining if you will benefit from professional help.

If you can’t answer these questions but a few of them apply, then you may want to think about talking to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance companies in your area.

Buying car insurance from Tampa auto insurance agents

Some people prefer to have an agent’s advice and that is recommended in a lot of cases The biggest benefit of comparing car insurance online is you can get lower rates and also buy local.

Tampa insurance agentsFor easy comparison, once you complete this simple form, the quote information is submitted to local insurance agents in Tampa who want to provide quotes for your coverage. You won’t need to search for any insurance agencies because prices are sent instantly to you. You’ll get the best rates and work with a local agent. If you want to compare rates from a specific car insurance provider, you can always search and find their rate quote page and fill out their quote form.

Choosing an insurance company requires you to look at more than just a cheap quote. Agents should be asked these questions:

If you need to find a local agent, it helps to know the two different agency structures to choose from. Car insurance policy providers are considered either exclusive or independent.

Exclusive Insurance Agencies

Agents in the exclusive channel can only provide one company’s prices such as State Farm, Allstate, or Farmers Insurance. They generally cannot provide rate quotes from other companies so keep that in mind. Exclusive agents are usually quite knowledgeable on their company’s products which helps them compete with independent agents.

Below are Tampa exclusive insurance agencies willing to provide comparison quotes.

3204 Cove Bend DrTampa, FL 33613(813) 971-1123View Map

4305 W Bay to Bay BlvdTampa, FL 33629(813) 835-8892View Map

3816 S Dale Mabry HwyTampa, FL 33611(813) 837-5421View Map

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Independent Insurance Agents

These agents can sell policies from many different companies and that allows them to write policies with lots of companies and get the cheapest rates. If they find a cheaper price, they can switch companies in-house and you don’t have to switch agencies. If you are comparing rate quotes, you definitely need to include independent agents so that you can do a thorough price comparison.

Shown below is a list of independent agents in Tampa that can give you price quotes.

1441 E Fletcher AveTampa, FL 33612(813) 972-1947View Map

4229 W Kennedy BlvdTampa, FL 33609(813) 289-2277View Map

3438 Colwell AveTampa, FL 33614(813) 636-4000View Map

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After you get answers to your satisfaction and an acceptable price quote, you have narrowed it down to an insurance agency that meets the requirements to adequately provide car insurance. Just be aware that it’s your coverage and you can terminate coverage for any reason so don’t feel you’re contractually obligated to the car insurance policy for a certain time period.

Best auto insurance in Tampa

Buying coverage from the right insurance provider can be difficult considering how many different companies there are to choose from in Tampa. The information displayed below could help you choose which car insurance companies you want to consider comparing rate quotes with.

Top Auto Insurance Companies in Florida
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies