Honda Insight Insurance Quotes in Dallas

Amazingly, a recent study showed that most car insurance customers have stayed with the same insurance company for at least the last four years, and approximately 38% of consumers have never even compared quotes to find cheap rates. Drivers in Dallas could save $1,800 a year just by getting comparison quotes, but most just don’t grasp how much they could save if they just switched companies.

Insurance quote for Honda Insight in DallasIf you want to save the most money, the best way to get low-cost Honda Insight insurance is to make a habit of comparing prices annually from different companies in Dallas.

Step 1: Try to understand individual coverages and the factors you can control to lower rates. Many rating criteria that cause high rates such as traffic violations, accidents, and poor credit history can be improved by making lifestyle changes or driving safer.

Step 2: Quote rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like Progressive or State Farm, while agents who are independent can provide prices for a wide range of companies. View companies

Step 3: Compare the new rates to your existing policy to see if a cheaper rate is available in Dallas. If you find a lower rate quote and decide to switch, ensure there is no coverage lapse between policies.

A key point to remember is to compare the same coverage limits and deductibles on each price quote and to quote with as many auto insurance providers as possible. Doing this enables a fair price comparison and and a good selection of different prices.

The providers in the list below are ready to provide comparison quotes in Texas. If more than one company is shown, we recommend you visit several of them to find the lowest auto insurance rates.

Rates and data analysis

The premium information displayed below highlights different rate quotes for Honda Insight models. Being aware of how auto insurance policy rates are formulated can help customers make smart policy decisions.

Honda Insight Insurance Rates in Dallas, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $180 $412 $430 $26 $128 $1,176 $98
Insight EX $206 $486 $430 $26 $128 $1,276 $106
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Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Estimates do not factor in specific Dallas garaging location which can raise or lower premium rates substantially.

Higher deductibles save money

When comparing auto insurance rates, the most common question is what deductibles to buy. The following tables can help you understand the premium difference when you buy lower versus higher comp and collision deductibles. The first rate table uses a $100 deductible for comp and collision and the second price chart uses a $500 deductible.

Honda Insight insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $286 $592 $382 $22 $114 $1,421 $118
Insight EX $328 $698 $382 $22 $114 $1,569 $131
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Honda Insight insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $208 $400 $382 $22 $114 $1,126 $94
Insight EX $240 $472 $382 $22 $114 $1,230 $103
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Premium amounts do not factor in specific zip code location which can impact coverage prices substantially.

We can derive from the above data that using a $100 deductible costs approximately $26 more each month or $312 annually across all Honda Insight models than choosing the higher $500 deductible. Due to the fact that you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to have more than 15 months between claims, you would save more money if you elect the higher deductible.

Calculate savings of higher deductibles

Average monthly premium for $100 deductibles: $125
Average monthly premium for $500 deductibles (subtract): – $99
Monthly savings from raising deductible: $26
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One thing to note is that higher deductibles means you will have to pay more when you do file a claim. You need to have enough extra money in the event you have to pay the higher deductible in order to repair your vehicle.

The information below highlights how deductible selection and can increase or decrease Honda Insight insurance prices for different age groups of insureds. The rate quotes are based on a married female driver, comp and collision included, and no other discounts are factored in.

Safe drivers pay less for auto insurance

The illustration below shows how violations and accident claims influence Honda Insight insurance costs for different ages of insureds. The premium estimates are based on a single female driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.

Cheaper rates on Honda Insight insurance in Dallas with these insurance discounts

Car insurance can cost a lot, but you may find discounts that could drop your premiums quite a bit. Certain reductions will be credited at quote time, but a few must be asked about before you get the savings.Insurance discounts

Discounts save money, but please remember that most discounts do not apply to the entire cost. A few only apply to individual premiums such as medical payments or collision. So when the math indicates having all the discounts means you get insurance for free, you won’t be that lucky.

The information below shows the comparison of Honda Insight car insurance costs with and without discounts applied to the policy rates. The information is based on a female driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, claim-free, multi-policy, marriage, and homeowner discounts applied.

To see insurance companies that offer some of these discounts in Texas, click this link.

Car insurance is not optional

Despite the high insurance cost for a Honda Insight in Dallas, car insurance may be mandatory for several reasons.

First, almost all states have minimum mandated liability insurance limits which means you are required to carry a specific minimum amount of liability coverage in order to drive the car. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you bought your Honda Insight with a loan, most banks will make it a condition of the loan that you have insurance to ensure loan repayment if the vehicle is totaled. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Honda at a much higher premium rate and require you to pay for it.

Third, car insurance preserves not only your car but also your assets. It will also reimburse you for medical bills incurred in an accident. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense if you cause an accident and are sued. If mother nature or an accident damages your car, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of insuring your Insight more than offset the price you pay, particularly if you ever have a claim. But the average driver in Texas overpays as much as $855 a year so shop around at least once a year to help ensure money is not being wasted.

How to know if you need help

When it comes to choosing the right insurance coverage for your vehicles, there really is not a single plan that fits everyone. Everyone’s needs are different.Drive safe and save

These are some specific questions might help in determining if your insurance needs would benefit from an agent’s advice.

If you don’t know the answers to these questions then you might want to talk to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It only takes a few minutes and may give you better protection.

Do I need an insurance agency?

Many drivers just prefer to get professional advice from a licensed agent and that is a smart decision Insurance agents can help you build your policy and will help you if you have claims. One of the best bonuses of comparing rate quotes online is you can get the best rates but also keep your business local.

Insurance agents in DallasTo help locate an agent, after submitting this short form, your information is submitted to insurance agents in Dallas who will gladly provide quotes for your insurance coverage. There is no reason to leave your house since price quotes are sent immediately to your email address. If for some reason you want to get a rate quote from a specific insurance company, you can always jump over to their website and give them your coverage information.

Choosing an company needs to be determined by more than just the bottom line cost. Agents should be asked these questions:

The following are Dallas insurance companies that can give you rate quotes for Honda Insight insurance in Dallas.

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