It’s an obvious conclusion that car insurance companies don’t want you comparing rates. Insureds who get price quotes annually will presumably move their business because there is a significant possibility of finding a policy with better rates. A recent survey revealed that people who regularly compared rates saved over $850 each year compared to other drivers who never shopped around.
If saving money on car insurance is the reason you’re reading this, then having a grasp of the best way to compare coverage rates can help make the process easier.
Really, the only way to find more affordable auto insurance rates is to start doing an annual price comparison from insurance carriers in Lincoln. Prices can be compared by completing these steps.
- Gain an understanding of what coverages are included in your policy and the modifications you can make to lower rates. Many policy risk factors that cause rate increases like multiple speeding tickets and poor credit history can be amended by making minor changes to your lifestyle. Keep reading for more details to help prevent costly coverage and find available discounts that you may qualify for.
- Compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only quote rates from one company like Progressive or Farmers Insurance, while independent agencies can give you price quotes for a wide range of insurance providers.
- Compare the new rate quotes to your existing policy to see if a cheaper rate is available in Lincoln. If you find better rates, make sure coverage is continuous and does not lapse.
- Provide written notification to your current company of your intention to cancel your existing policy. Submit a completed policy application and payment to the newly selected company. When you receive it, store the proof of insurance paperwork with your vehicle’s registration.
One key aspect of rate comparisons is to use the same level of coverage on each quote and and to get rate quotes from all possible companies. Doing this helps ensure an accurate price comparison and many rates to choose from.
The quickest way to get policy rate comparisons for Honda Pilot insurance in Lincoln is to take advantage of the fact car insurance companies participate in a system to provide you with a free rate quote. To start a quote, the only thing you need to do is give them rating details including if you have an active license, how much school you completed, if you lease or own, and if it has an alarm system. That rating data is sent automatically to many different companies and they return cost estimate within a short period of time.
To start a rate quote now, click here and find out if lower rates are available in Lincoln.
The companies shown below are ready to provide free quotes in Lincoln, NE. If you want cheap car insurance in Lincoln, we suggest you visit as many as you can to get the most competitive price.
Data for Honda Pilot insurance
The table displayed next covers different prices for Honda Pilot models. Learning as much as possible about how auto insurance prices are formulated can benefit drivers when making decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Pilot LX 2WD | $222 | $362 | $390 | $24 | $116 | $1,114 | $93 |
| Pilot EX 2WD | $250 | $362 | $390 | $24 | $116 | $1,142 | $95 |
| Pilot EX 4WD | $250 | $362 | $390 | $24 | $116 | $1,142 | $95 |
| Pilot EX-L 2WD | $250 | $442 | $390 | $24 | $116 | $1,222 | $102 |
| Pilot EX-L 4WD | $250 | $442 | $390 | $24 | $116 | $1,222 | $102 |
| Pilot Touring 2WD | $250 | $442 | $390 | $24 | $116 | $1,222 | $102 |
| Pilot Touring 4WD | $250 | $442 | $390 | $24 | $116 | $1,222 | $102 |
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Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Price information does not factor in specific zip code location which can modify premium rates significantly.
The illustration below highlights how deductible choice and can influence Honda Pilot insurance costs for different categories of driver ages. Data assumes a married male driver, comp and collision included, and no discounts are taken into consideration.
Honda Pilot full coverage rates compared to liability only
The chart below shows the comparison of Honda Pilot auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premium estimates are based on no claims, a clean driving record, $250 deductibles, marital status is single, and no discounts are factored in.
Are you wasting money paying for full coverage?
There isn’t a steadfast formula to eliminate physical damage coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.
For example, let’s say your Honda Pilot claim settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $5,000 after the policy deductible has been paid. If it’s costing in excess of $500 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.
There are some scenarios where buying only liability insurance is not a good plan. If you haven’t satisfied your loan, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should keep full coverage.
Everyone needs different car insurance coverages
When it comes to buying proper insurance coverage, there really is not a one-size-fits-all type of policy. Every insured’s situation is different.
Here are some questions about coverages that could help you determine if your insurance needs will benefit from professional help.
- Is my Honda Pilot covered for flood damage?
- Should I buy more coverage than the required Nebraska minimum liability coverage?
- Does my medical payments coverage pay my health insurance deductible?
- What if I total my Honda Pilot and owe more than it’s worth?
- Do I need added coverage for expensive stereo equipment?
- Do I pay less if my vehicle is kept in my garage?
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 insurance agent. To find an agent in your area, fill out this quick form. It is quick, free and may give you better protection.
Independent and exclusive auto insurance agents
A lot of people still prefer to talk to an insurance agent. Professional agents can point out coverage gaps and help file insurance claims. A good thing about comparing rates online is that drivers can save money and get the lowest rates and still have an agent to talk to.
By using this short form, your information gets sent to local insurance agents in Lincoln that can provide free Lincoln car insurance quotes for your business. It’s much easier because you don’t need to find an agent due to the fact that quote results will go immediately to your email address. If you have a need to compare prices from a specific insurance company, you would need to search and find their rate quote page to submit a rate quote request.
Finding the right company should depend on more than just a cheap quote. You should also get answers to these questions.
- Do they get paid more for recommending certain coverages?
- Do they offer claims assistance after hours?
- Do they see any coverage gaps in your plan?
- If you have an accident, will your rates go up?
- Are they full-time agents?
- How many companies do they write for?
If you want a local agent, you must know there are a couple different agency structures and how they are slightly different. Auto insurance agents in Lincoln are either independent (non-exclusive) or exclusive. Both types can sell affordable auto insurance policies, but it’s good to learn the difference in the companies they write for because it can factor into your selection of an agent.
Exclusive Agents
Agents that elect to be exclusive can only place business with one company like Allstate, State Farm and Farm Bureau. These agents are unable to shop your coverage around so they have to upsell other benefits. Exclusive agencies are well trained on their company’s products and that enables them to sell even at higher rates.
Below is a short list of exclusive agencies in Lincoln who can help you get rate quotes.
Rick Self – State Farm Insurance Agent
6030 Village Dr #101 – Lincoln, NE 68516 – (402) 434-2800 – View Map
State Farm: Shawn Kreifels
570 Fallbrook Blvd #111 – Lincoln, NE 68521 – (402) 435-2250 – View Map
Roger McGinnis – State Farm Insurance Agent
6900 O St #105 – Lincoln, NE 68510 – (402) 466-6300 – View Map
Independent Agencies or Brokers
Independent agencies are not employed by any specific company and that allows them to write policies with lots of companies enabling the ability to shop coverage around. If prices rise, your agent can just switch to a different company and you stay with the same agent.
When shopping rates, it’s a good idea to include rate quotes from a few independent agents to maximize your price options.
The following are independent insurance agents in Lincoln willing to provide comparison quotes.
Copple Insurance Agency, Inc.
1640 L St – Lincoln, NE 68508 – (402) 475-3213 – View Map
Brokers Insurance
3325 A St – Lincoln, NE 68510 – (402) 434-0480 – View Map
Midwest Insurance Group
4333 S 48th St – Lincoln, NE 68516 – (402) 489-9595 – View Map