Honda Fit Insurance Quotes in Dallas

It’s shocking but most auto insurance buyers in Texas have purchased from the same company for more than four years, and nearly the majority have never even compared rates from other companies. Drivers in America could save an average of roughly 46.5% each year by just comparing rate quotes, but they don’t know how much savings they would realize if they swap their current policy for a cheaper one.

Insurance for Honda FitThe best way we recommend to get the cheapest Honda Fit insurance in Dallas is to compare prices regularly from providers who can sell car insurance in Texas. You can compare rates by following these steps.

An important bit of advice to remember is to try to use the same liability limits and deductibles on each price quote and and to get prices from as many companies as you can. Doing this helps ensure a level playing field and a complete price analysis.

Shopping for the lowest-priced insurance in Dallas is actually quite simple. Basically, every car owner who is shopping for insurance most likely will find a better price. Although Texas consumers do need to understand how insurance companies calculate your policy premium because rates fluctuate considerably.

The quickest way to compare car insurance company rates for Honda Fit insurance in Dallas is to know the fact car insurance companies allow for online access to compare their rates. To start a quote, the only thing you need to do is provide the companies a bit of rating information such as daily mileage, if you are currently licensed, whether you drive to work or school, and if it has an alarm system. That rating data is instantly sent to multiple insurance providers and you receive quotes instantly.

To compare cheap Honda Fit insurance rates now, click here then complete the form.

The auto insurance companies shown below offer price comparisons in Texas. If the list has multiple companies, we suggest you visit as many as you can to get a more complete price comparison.

Get discounts to get affordable Dallas insurance rates

Some providers don’t always list the entire discount list in an easy-to-find place, so we took the time to find a few of the more well known and also the lesser-known ways to save on insurance.Discount insurance

Don’t be shocked that most discounts do not apply to your bottom line cost. Most only apply to the cost of specific coverages such as liability and collision coverage. So when it seems like all those discounts means the company will pay you, insurance companies aren’t that generous. Any amount of discount will positively reduce your overall premium however.

The example below illustrates the comparison of Honda Fit insurance costs with and without policy discounts. The costs are based on a female driver, no accidents or driving violations, Texas state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, safe-driver, multi-policy, marriage, and homeowner discounts applied.

Some of the larger companies that have these benefits may include but are not limited to:

Before purchasing a policy, check with each insurance company how you can save money. Depending on the company, some discounts might not be offered in Dallas.

Data for Honda Fit insurance

The premium information shown below showcases estimates of insurance prices for Honda Fit models. Understanding how insurance quotes are formulated can be useful when making decisions on which coverage to buy.

Honda Fit Insurance Rates in Dallas, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fit $318 $728 $340 $20 $102 $1,508 $126
Fit Sport $364 $728 $340 $20 $102 $1,554 $130
Fit Sport VSA $364 $858 $340 $20 $102 $1,684 $140
Get Your Own Custom Quote Go

Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rate information does not factor in zip code location which can change price quotes noticeably.

Deductible analysis

One frequently asked question is where to set your physical damage deductibles. The figures shown below lay out the cost difference when you buy lower versus higher policy deductibles. The first rate comparisons uses a $100 deductible and the second price table uses a $1,000 deductible.

Honda Fit insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fit $286 $592 $252 $14 $76 $1,245 $104
Fit Sport $328 $592 $252 $14 $76 $1,287 $107
Fit Sport VSA $328 $698 $252 $14 $76 $1,393 $116
Get Your Own Custom Quote Go

Honda Fit insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fit $158 $312 $252 $14 $76 $812 $68
Fit Sport $182 $312 $252 $14 $76 $836 $70
Fit Sport VSA $182 $368 $252 $14 $76 $892 $74
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Premium costs do not factor in zip code location which can raise or lower coverage prices substantially.

Based on this data, using a $100 deductible could cost the average driver approximately $38 more each month or $456 every year across all Honda Fit models than buying the higher $1,000 deductible. Since you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you average more than 24 months between claims, you would save money if you decide on a higher deductible.

Honda Fit full coverage rates compared to liability only

The chart below visualizes the comparison of Honda Fit insurance prices with and without full coverage. The costs are based on no claims or driving violations, $100 deductibles, drivers are not married, and no policy discounts are applied.

Should you pay for full coverage?

There is no definitive guideline for dropping full coverage, but there is a guideline you can use. If the annual cost of having full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

For example, let’s say your Honda Fit replacement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company would pay you is $5,000 after the policy deductible has been paid. If it’s costing in excess of $500 a year for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are some situations where dropping full coverage is not in your best interest. If you haven’t satisfied your loan, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

Seven factors that determine insurance prices

Lots of factors are used when you get your auto insurance bill. Some factors are common sense like your driving record, but other factors are not quite as obvious like your vehicle usage or how financially stable you are. When buying auto insurance it’s important to understand some of the factors that come into play when calculating the level of your policy premiums. If you understand what determines premiums, this enables you to make decisions that may reward you with much lower annual insurance costs.

The itemized list below are most of the major factors utilized by car insurance companies to help set prices.

You may save more by combining policies – Lots of insurance companies allow a discount to buyers who buy several policies from them. It’s known as a multi-policy discount. The discount can be ten or even fifteen percent. If you currently are using one company, it’s still a good idea to check prices from other companies to confirm you are receiving the best rates possible. Drivers may still save more without the discount by splitting coverages up.

Having a spouse can save on auto insurance – Getting married may save some money on your auto insurance bill. Marriage demonstrates that you tend to be more mature and it’s statistically proven that married drivers get in fewer accidents.

Frequent auto insurance claims will cost you – If you frequently file small claims, you can pretty much guarantee either a policy non-renewal or much higher rates. Companies in Texas provide better rates to people who are not frequent claim filers. Your insurance policy is designed for claims that you cannot pay yourself.

Credit rating impacts prices – Credit rating can be a huge factor in your rate calculation. So if your credit can be improved, you could be paying less to insure your Honda Fit if you clean up your credit. Insureds with very high credit ratings tend to file fewer claims than drivers with bad credit.

Costs may be higher where you live – Choosing to live in small towns and rural areas may provide you with better prices when it comes to auto insurance. Residents of big cities regularly have traffic congestion and more time behind the wheel. Less people means a lower chance of having an accident and also fewer theft and vandalism claims.

Occupation impacts rates – Careers such as judges, air traffic controllers, and medical professionals are shown to have higher premiums than the average policyholder attributed to high stress levels and lengthy work days. On the flip side, careers like farmers, athletes and performers have the lowest average rates.

Do safer cars cost less to insure? – Cars with five star safety ratings cost less to insure. Safer cars reduce the chance of injuries and better occupant protection means less claims paid and thus lower rates. If your Honda earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.

Honda Fit claim data – Auto insurance companies use statistical claims data when determining insurance rates. Models that the data determines to have higher losses will have increased rates. The data below shows the insurance loss data used by companies for Honda Fit vehicles.

For each policy coverage type, the statistical loss for all vehicles averaged together is a value of 100. Values that are below 100 indicate a favorable loss history, while percentage values above 100 show a trend for more claims or statistically larger losses.

Insurance Loss Ratings for Honda Fit Vehicles
Specific Honda Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Honda Fit 89 78 90 99 97 92

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