Buying competitive coverage for a Honda Pilot in Maryland hinges on a complicated formula that considers factors such as your marital status, whether or not you garage your vehicle, and if you have tickets or violations. Maryland drivers pay around $1,333 per year for Pilot insurance, but that amount is a projection based upon a 30-year-old married male driver with full coverage and $100 deductibles.
When projecting a rate like this, the problem is that you are not 30 and maybe not even a male, possibly single instead of married, or maybe you’re a renter instead of a homeowner. Just a slight change in the rating criteria used to formulate rates can result in a massive change in the cost of insuring your Pilot.
This illustrates why the only real way to find affordable rates for your Honda is to compare as many rates as possible.
The trim level of your vehicle impacts price, so the price you will pay to insure a Pilot LX 2WD trim level will cost $158 less than the price to insure the higher-end Pilot Touring 4WD version, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Pilot LX 2WD||$350||$518||$406||$24||$122||$1,420||$118|
|Pilot EX 2WD||$394||$518||$406||$24||$122||$1,464||$122|
|Pilot EX 4WD||$394||$518||$406||$24||$122||$1,464||$122|
|Pilot EX-L 2WD||$394||$632||$406||$24||$122||$1,578||$132|
|Pilot EX-L 4WD||$394||$632||$406||$24||$122||$1,578||$132|
|Pilot Touring 2WD||$394||$632||$406||$24||$122||$1,578||$132|
|Pilot Touring 4WD||$394||$632||$406||$24||$122||$1,578||$132|
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Maryland minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Rates do not factor in specific location information which can revise auto insurance rates greatly.
Locating low-cost car insurance is tough enough, and finding out which companies have the cheapest insurance rates for a Honda Pilot takes a bit more work. Each auto insurance company uses a slightly different approach for determining rates in each state, so first let’s look at the rankings for the overall cheapest insurance companies in Baltimore.
It’s important that readers know that Maryland insurance rates are based on many factors that control the cost of having a policy. Simply having another birthday, buying another vehicle, or getting a DUI may cause policy rate changes that can now make some companies way too expensive in comparison to the competition.
Compare Cheap Insurance Quotes for Your Pilot
USAA may have some of the lowest car insurance rates in Baltimore at around $920 annually. This is $639 less than the average policy premium paid by Maryland drivers of $1,559. Liberty Mutual, Penn National, Erie, and State Auto are also some of the lowest-priced Baltimore, MD auto insurance companies.
As shown in the table above, if you currently have coverage with Erie and switched to Liberty Mutual, you may see yearly savings of around $47. Insureds with State Auto could save as much as $76 a year, and Amica customers might reduce rates by $181 a year.
To see how much you can save, click here to start a quote or click through to the companies below.
Bear in mind that those estimates are averages for all drivers and vehicles in Maryland and are not factoring in an exact location for a Honda Pilot. So the insurer that is most affordable for your situation may not even be in the list above. That illustrates why you need to get auto insurance quotes using your own specific driver and vehicle information.
Types of discounts on Baltimore car insurance
Insurance providers that provide policies for a Honda Pilot may also offer special discounts that may potentially lower prices by as much as 25% or more if you meet eligibility requirements. A list of insurance companies and a partial list of their discounts can be found below.
- Farmers Insurance may include discounts for business and professional, multi-car, teen driver, pay in full, alternative fuel, good student, and switch companies.
- Esurance offers premium reductions for anti-theft, online quote, anti-lock brakes, renters, and online shopper.
- State Farm may have discounts that include anti-theft, defensive driving training, multiple policy, student away at school, driver’s education, passive restraint, and good student.
- GEICO discounts include federal employee, seat belt use, driver training, emergency military deployment, and air bags.
- Allstate offers discounts including passive restraint, FullPay discount, anti-theft, teenSMART discount, safe driver, and EZ pay plan discount.
The information below visualizes the comparison of insurance prices with and without some available policy discounts. The premiums are based on a female driver, a clean driving record, no at-fault accidents, Maryland state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with defensive driving course, safe-driver, accident-free, vehicle safety, multiple policy, and multiple vehicle discounts applied. When drivers take advantage of discounts, theaverage amount saved on insurance for a Honda Pilot is 28% or $735.
Cost of full coverage
Saving on insurance is probably important to the majority of people, and one of the fastest ways to buy cheap insurance for a Honda Pilot is to not buy full coverage. The chart below visualizes the comparison of insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes no claims or violations, $100 deductibles, single marital status, and no other discounts are factored in.
If we average the cost for all age groups, physical damage insurance costs an additional $2,811 per year over liability only. Many drivers may wonder when is the right time to remove full coverage. There is no definitive formula for phasing out physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is more than 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.
For example, let’s say your vehicle’s replacement cost is $8,500 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,500 after the policy deductible has been paid. If you are paying over $750 annually for your policy with full coverage, then you might consider buying liability only.
There are some situations where dropping full coverage is not a good plan. If you still owe a portion of the original loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage.
Tickets and at-fault accidents raise rates
The common sense way to score affordable insurance prices for a Pilot is to be a good driver and have a clean driving record. The example below illustrates how traffic citations and accident claims drive up insurance prices for each age group. The prices are based on a single female driver, full coverage, $1,000 deductibles, and no policy discounts are applied.
The data above shows the average cost of car insurance per year with no violations or accidents is $1,849. Add in one speeding ticket and the average cost hikes up to $2,099, an increase of $250 each year. Now add one accident along with the one speeding ticket and the 12-month cost of insurance for a Honda Pilot jumps again to an average of $2,775. That’s an increase of $926, or $77 per month, just for not driving attentively!