Would you prefer to buy lower-priced Honda Fit insurance in Lincoln? I really doubt anyone likes buying auto insurance, especially when they are aware that they are paying too much.
It’s safe to assume that insurance companies don’t want customers comparing rates. Drivers who shop around for cheaper prices are very likely to buy a different policy because there is a significant possibility of finding a more affordable policy premium. A study discovered that drivers who made a habit of comparing rates saved an average of $850 each year compared to those who didn’t regularly shop around.
If finding low prices for auto insurance in Lincoln is your objective, then having some knowledge of how to compare car insurance can save time and money. Insurance companies such as GEICO, Progressive and Allstate continually hit you with fancy advertisements and it can be hard to separate fact from fiction and find the best price available.
It’s smart to shop coverage around periodically because auto insurance rates go up and down regularly. Even if you think you had the lowest premium rates on Honda Fit insurance in Lincoln at your last renewal there may be better deals available now. You can find a lot of misleading information regarding Fit insurance on the web, but in just a couple of minutes you can learn a bunch of ideas how to quit paying high auto insurance rates in Lincoln.
Finding low cost car insurance prices is pretty simple and can save money. You just have to invest a few minutes to compare rates online from several insurance companies.
It’s so fast and easy to compare price quotes online that it takes the place of having to spend time driving to insurance agencies in your area. Quoting and buying Honda Fit insurance online makes this process obsolete unless you require the professional abilities of a local agent. Drivers can compare the best prices online and still use a local agent.
The providers in the list below have been selected to offer price comparisons in Nebraska. If your goal is to find cheaper car insurance in Lincoln, NE, it’s highly recommended you get prices from several of them in order to find the most affordable rates.
Cheap Honda Fit insurance rates in Lincoln
Some insurers don’t list every discount they offer in an easy-to-find place, so the below list has a few of the more common and also the lesser-known ways to save on auto insurance. If you don’t get every credit available, you are throwing money away.
- Anti-lock Brakes – Cars, trucks, and SUVs with anti-lock braking systems have fewer accidents and earn discounts up to 10%.
- Auto/Life Discount – Not every insurance company offers life insurance, but if they do you may earn lower prices if you buy a life insurance policy as well.
- Driver’s Education for Students – It’s a good idea to have your young drivers complete a driver education course in school or through a local driver safety program.
- Claim Free – Drivers with accident-free driving histories pay much less as compared to policyholders that have many claims.
- Theft Prevention System – Anti-theft and alarm system equipped vehicles are stolen with less frequency and that can save you a little bit as well.
- Federal Government Employee – Being employed by or retired from a federal job could cut as much as 10% off with some auto insurance companies.
- Driving Data Discount – Policyholders that allow their insurance company to scrutinize their driving habits by using a small device installed in their vehicle such as Progressive’s Snapshot could save a few bucks as long as the data is positive.
- Save with a New Car – Buying insurance coverage on a new vehicle is cheaper since newer models have better safety ratings.
- Cautious Drivers – Drivers who don’t get into accidents can save as much as half off their rates than less cautious drivers.
- Paperless Signup – A few companies will discount your bill up to fifty bucks for completing your application digitally online.
A quick disclaimer, some credits don’t apply to your bottom line cost. A few only apply to individual premiums such as liability, collision or medical payments. So even though they make it sound like all those discounts means the company will pay you, companies wouldn’t make money that way.
The example below shows the comparison of Honda Fit insurance rates with and without discounts being applied to the rates. The prices are based on a female driver, no claims or driving violations, Nebraska state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, multi-car, marriage, claim-free, and safe-driver discounts applied.
A few of the larger companies and some of their more popular discounts are included below.
- Farm Bureau includes discounts for multi-policy, driver training, good student, safe driver, 55 and retired, youthful driver, and renewal discount.
- MetLife has discounts for good driver, accident-free, defensive driver, multi-policy, good student, and claim-free.
- Progressive may include discounts for multi-vehicle, online quote discount, multi-policy, homeowner, continuous coverage, and good student.
- AAA offers premium reductions for education and occupation, multi-policy, good driver, pay-in-full, good student, and anti-theft.
- American Family policyholders can earn discounts including multi-vehicle, TimeAway discount, Steer into Savings, mySafetyValet, good driver, accident-free, and defensive driver.
- GEICO may offer discounts for emergency military deployment, membership and employees, anti-lock brakes, daytime running lights, and seat belt use.
- State Farm may have discounts that include good student, multiple policy, Steer Clear safe driver discount, good driver, Drive Safe & Save, and defensive driving training.
If you are trying to find affordable Honda Fit insurance quotes, ask each insurance company which discounts you qualify for. Depending on the company, some discounts might not be offered in Lincoln. To find insurance companies that have a full spectrum of discounts in Lincoln, click this link.
Analysis of Honda Fit rates
The rate information displayed next showcases a range of prices for Honda Fit models. Having a better understanding of how car insurance prices are formulated helps drivers make smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fit | $158 | $332 | $190 | $12 | $56 | $748 | $62 |
| Fit Sport | $180 | $332 | $190 | $12 | $56 | $770 | $64 |
| Fit Sport VSA | $180 | $390 | $190 | $12 | $56 | $828 | $69 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Price information does not factor in the specific area where the vehicle is garaged which can increase or decrease premiums significantly.
Choosing deductibles
One frequently asked question is which comprehensive and collision deductibles to buy. The comparison tables below can help you visualize how much more rates are when you select higher and lower policy deductibles. The first rate table uses a $100 deductible for comp and collision and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fit | $224 | $466 | $198 | $12 | $60 | $985 | $82 |
| Fit Sport | $258 | $466 | $198 | $12 | $60 | $1,019 | $85 |
| Fit Sport VSA | $258 | $548 | $198 | $12 | $60 | $1,101 | $92 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fit | $164 | $314 | $198 | $12 | $60 | $748 | $62 |
| Fit Sport | $188 | $314 | $198 | $12 | $60 | $772 | $64 |
| Fit Sport VSA | $188 | $370 | $198 | $12 | $60 | $828 | $69 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Premium amounts do not factor in specific location information which can impact premiums substantially.
Based on the figures above, using a $100 deductible could cost the average driver approximately $21 more each month or $252 every year than opting for the higher $500 deductible. Due to the fact that you would have to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to go at least 19 months between claims, you would probably be better off if you decide on a higher deductible. The numbers below show the way you can perform this determination yourself.
| Average monthly premium for $100 deductibles: | $86 |
| Average monthly premium for $500 deductibles (subtract): | – $65 |
| Monthly savings from raising deductible: | $21 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $21 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 19 months |
One thing to note is that raising deductibles means you will have to pay more out-of-pocket when you do file a claim. You need some savings in the event you need to pay the higher deductible in order to repair your vehicle.
Six factors that impact insurance premiums
One of the most helpful ways to save on car insurance is to to have a grasp of a few of the rating criteria that aid in calculating the price you pay for car insurance. When you know what positively or negatively determines base rates, this empowers consumers to make smart changes that could help you find lower rates. Many things are part of the equation when you get a price on insurance. Some of the criteria are obvious such as your driving history, but others are more obscure like where you live or your commute time.
Better car insurance rates for uninterrupted coverage – Driving any period of time without insurance is a big no-no and as a result your rates will increase for letting your coverage cancel without a new policy in place. In addition to paying higher premiums, failure to provide proof of insurance may earn you a fine, jail time, or a revoked license. You may then have to provide proof of insurance in the form of an SR-22 filing with the Nebraska motor vehicle department.
Limits of liability – The liability coverage on your policy kicks in if ever you are responsible for causing personal injury or damage in an accident. Your policy’s liability insurance provides for a legal defense up to the limits shown on your policy. It is affordable coverage compared to insuring for physical damage coverage, so drivers should make sure they buy enough to cover all assets.
Incidental coverages can cost a lot – Policies have additional coverages that can add up on your Fit policy. Things like coverage for rental cars, death and dismemberment, and additional equipment coverage are probably not needed. These coverages may sound good when you first buy your policy, but now you might not need them so remove them and pocket the money.
Bad drivers pay high costs – Your driving citation history impacts your car insurance rates tremendously. Attentive drivers get better prices than bad drivers. Just one speeding ticket may increase your cost by twenty percent. Drivers with multiple violations like DUI or reckless driving may need to file a SR-22 with the DMV in their state in order to prevent their license from being revoked.
The diagram below highlights how traffic violations and fender-benders can increase Honda Fit car insurance rates for different insured age categories. The premiums are based on a single female driver, full coverage, $500 deductibles, and no policy discounts are applied.
Excellent credit equals lower costs – A driver’s credit score is likely to be a major factor in determining what you pay for car insurance. If your credit score can use some improvement, you may save money insuring your Honda Fit by improving your credit score. Drivers who have good credit tend to be less risk to insure than those with lower ratings.
Lower rates with a multi-policy discount – Most larger insurers provide discounts to policyholders who have multiple policies with them such as combining an auto and homeowners policy. Discounts can be anywhere from five to ten percent in most cases. Even with this discount applied, it’s still a good idea to compare Honda Fit rates in Lincoln to verify if the discount is saving money.
Honda Fit claim probability – Insurance companies use past loss statistics for each vehicle to help set a rate to offset losses. Models that are shown to have higher frequency or amount of claims will have higher rates for specific coverages. The information below illustrates the historical loss data for Honda Fit vehicles.
For each type of coverage, the loss probability for all vehicles as a whole is equal to 100. Numbers under 100 suggest losses that are better than average, while values over 100 indicate a higher chance of having a claim or a tendency for losses to be larger than average.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Honda Fit | 89 | 78 | 90 | 99 | 97 | 92 |
Statistics from IIHS.org for 2013-2015 Model Years
When to have guidance from an insurance agent
A small number of people just prefer to visit with an insurance agent and that is a smart decision Agents can point out coverage gaps and will help you if you have claims. A good thing about comparing insurance prices online is that drivers can save money and get the best rates and still have a local agent.
Upon completion of this simple form, your information is submitted to local insurance agents that can provide free Lincoln auto insurance quotes for your coverage. You never need to search for any insurance agencies because quoted prices will be sent to you directly. If you wish to get a comparison quote from a particular provider, don’t hesitate to search and find their rate quote page and submit a quote form there.
Picking a insurer is decision based upon more than just a low price. Any good agent in Lincoln should know the answers to these questions.
- Which insurance companies are they affiliated with?
- Which company do they place the most coverage with?
- Is the coverage adequate for your vehicle?
- What are their preferred companies if they are an independent agency?
- Are there any extra charges for paying monthly?
- Are aftermarket or OEM parts used to repair vehicles?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- How much experience to they have in personal lines coverages?
If you are wanting to find a local agent, you should know the different types of agents from which to choose. Insurance agencies in Lincoln can either be exclusive or independent agents depending on their company appointments. Both types can write policy coverage, but it’s good to learn the difference in how they write coverage since it can affect the selection process.
Exclusive Car Insurance Agents
Exclusive insurance agents are contracted to one company and some examples include AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agencies are unable to give you multiple price quotes so they have to upsell other benefits. Exclusive agents receive a lot of sales training on the products they sell which helps offset the inability to provide other markets.
Below are Lincoln exclusive agencies willing to provide comparison quotes.
Gale Breed – State Farm Insurance Agent
8421 Amber Hill Ct #1 – Lincoln, NE 68526 – (402) 483-2802 – View Map
Shelter Insurance – Reed Devall
1419 N Cotner Blvd – Lincoln, NE 68505 – (402) 464-9300 – View Map
Shelter Insurance – Richard Diers
4242 Cornhusker Hwy – Lincoln, NE 68504 – (402) 464-9511 – View Map
Independent Car Insurance Agents
Agents that choose to be independent are not employed by any specific company so as a result can place your coverage through many companies and find you the best rates. If your premiums go up, they can switch companies in-house which is easy for the insured.
If you are comparing car insurance prices, we recommend you get some free quotes from at least one independent agent so that you can do a thorough price comparison.
Below is a short list of independent agents in Lincoln that are able to give price quote information.
Barney Insurance-Lincoln
701 N 48th St – Lincoln, NE 68504 – (402) 467-4633 – View Map
Copple Insurance Agency, Inc.
1640 L St – Lincoln, NE 68508 – (402) 475-3213 – View Map
Davidson Insurance
5101 N 27th St – Lincoln, NE 68521 – (402) 465-1167 – View Map
Upon getting satisfactory answers to these questions as well as offering an affordable quote, you may have found an auto insurance agent that meets the criteria to properly insure your vehicles. But remember, you can always cancel coverage whenever you choose to so don’t feel that you’re stuck with any particular company with no way to switch.
How to find a good Nebraska auto insurance company
Insuring your vehicle with the best insurer is difficult considering how many different companies there are to choose from in Nebraska. The rank data listed below could help you decide which companies you want to consider when shopping your coverage around.
Top 10 Lincoln Car Insurance Companies Ranked by Value
- USAA
- GEICO
- AAA Insurance
- Liberty Mutual
- State Farm
- Allstate
- Safeco Insurance
- Travelers
- 21st Century
- Nationwide
Top 10 Lincoln Car Insurance Companies Ranked by Customer Service
- State Farm
- Nationwide
- Safeco Insurance
- American Family
- Travelers
- Liberty Mutual
- GEICO
- Allstate
- The Hartford
- Farmers Insurance
Affordable auto insurance rates are out there
We covered many tips how you can save on Honda Fit insurance in Lincoln. The key thing to remember is the more rate quotes you have, the higher your chance of finding cheaper Lincoln auto insurance quotes. You may even discover the biggest savings come from a lesser-known regional company. Some small companies may often insure only within specific states and give better rates than the large multi-state companies such as State Farm and Allstate.
Cheaper Honda Fit insurance in Lincoln is attainable both online and from local insurance agents, so you need to quote Lincoln auto insurance with both to have the best selection. A few companies do not provide rate quotes online and these small insurance companies only sell coverage through local independent agencies.
When searching for low cost Lincoln auto insurance quotes, don’t be tempted to reduce needed coverages to save money. There are many occasions where drivers have reduced uninsured motorist or liability limits only to find out they didn’t have enough coverage. The proper strategy is to purchase a proper amount of coverage at the lowest possible cost, but do not sacrifice coverage to save money.
Steps to finding affordable quotes for Honda Fit insurance in Lincoln
It takes a little time, but the best way to find cheaper quotes for Honda Fit insurance in Lincoln is to start comparing rates regularly from insurers that insure vehicles in Nebraska. Drivers can shop around by following these steps.
First, gain an understanding of policy coverages and the things you can control to keep rates down. Many policy risk factors that are responsible for high rates such as careless driving and a less-than-favorable credit history can be remedied by paying attention to minor details.
Second, compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like Progressive or Farmers Insurance, while agents who are independent can provide prices from multiple companies. Find a Lincoln insurance agent
Third, compare the new rates to your current policy premium to determine if you can save on Fit insurance. If you can save money and switch companies, make sure there is no coverage gap between policies.
A good tip to remember is that you’ll want to make sure you compare the same amount of coverage on every quote and and to get quotes from as many car insurance companies as possible. This guarantees an accurate price comparison and a complete rate analysis.
More information can be read below:
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- How Much is Lincoln Car Insurance for Drivers Under 25? (FAQ)
- What Auto Insurance is Cheapest for Drivers with a Bad Driving Record in Lincoln? (FAQ)
- Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
- Information for Teen Drivers (GEICO)