Auto Insurance Rates for a Honda Fit in Baltimore

The best way we recommend to quote cheaper Honda Fit insurance is to regularly compare quotes from insurers in Baltimore.

The key thing to know about shopping around is to use the same amount of coverage on each quote and and to get prices from as many companies as feasibly possible. This ensures an accurate price comparison and the best price quote selection.

Discount Honda Fit insuranceUnbelievably, the vast majority of auto insurance customers have remained with the same auto insurance company for more than four years, and almost half have never compared rates with other companies. Baltimore insurance shoppers can save hundreds of dollars each year just by shopping around, but they won’t spend time to find affordable rates by getting comparison quotes.

The most recommended method to compare insurance rates in your area is to take advantage of the fact almost all companies actually pay money for the chance to give rate comparisons. The only thing you need to do is provide a little information like an estimate of your credit level, your occupation, distance driven, and whether you drive to work or school. Those rating factors is instantly submitted to insurance companies and you will receive price estimates with very little delay.

To check rates for your car now, click here then complete the form.

The auto insurance companies shown below have been selected to offer comparison quotes in Maryland. To find the cheapest car insurance in Baltimore, it’s highly recommended you get rates from several of them to get the best price comparison.

Analysis of coverages

The premium table below covers a range of insurance coverage prices for Honda Fit models. Learning how policy rates are established can help customers make decisions on which insurance to purchase.

Honda Fit Insurance Rates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fit $312 $528 $352 $20 $106 $1,318 $110
Fit Sport $358 $528 $352 $20 $106 $1,364 $114
Fit Sport VSA $358 $624 $352 $20 $106 $1,460 $122
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Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Maryland minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Price information does not factor in zip code location which can increase or decrease insurance rates greatly.

Can higher deductibles save money?

One of the most common car insurance questions is how high should the physical damage deductibles be. The tables below determine the price difference when you choose different comp and collision deductibles. The first rate estimation uses a $100 comprehensive and collision deductible and the second price grid uses a $1,000 deductible.

Honda Fit insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fit $304 $632 $268 $16 $80 $1,325 $110
Fit Sport $350 $632 $268 $16 $80 $1,371 $114
Fit Sport VSA $350 $744 $268 $16 $80 $1,483 $124
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Honda Fit insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fit $168 $332 $268 $16 $80 $864 $72
Fit Sport $194 $332 $268 $16 $80 $890 $74
Fit Sport VSA $194 $392 $268 $16 $80 $950 $79
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Prices do not factor in vehicle location which can change premiums greatly.

Using the data above, we can ascertain that using a $100 deductible will cost you approximately $41 more each month or $492 a year than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at least 22 months between claims, you would probably save some money if you choose the higher deductible.

Calculate deductible break even point

Average monthly premium for $100 deductibles: $116
Average monthly premium for $1,000 deductibles (subtract): – $75
Monthly savings from raising deductible: $41
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $41
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 22 months

One thing to be aware of is that a higher deductible means you will have to pay more out-of-pocket when you have a claim. You should have some money saved in the event you have to pay the deductible to have repairs made.

Accidents and violations increase rates

The diagram below illustrates how speeding tickets and at-fault claims increase Honda Fit insurance costs for different categories of driver ages. Data assumes a single male driver, full coverage, $100 deductibles, and no discounts are applied to the premium.

Age-based car insurance rates by gender in Baltimore

The information below visualizes the comparison of Honda Fit insurance rates for male and female drivers. The data assumes a clean driving record, no at-fault accidents, full physical damage coverage, $250 deductibles, drivers are single, and no additional discounts are factored in.

Difference between liability only and full coverage rates

The information below visualizes the comparison of Honda Fit insurance prices with full coverage compared to only the Maryland minimum liability coverage. The rates are based on a clean driving record, no claims, $500 deductibles, marital status is single, and no discounts are applied to the premium.

Are you wasting money on full coverage?

There is no definitive formula of when to drop full coverage, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

For example, let’s pretend your Honda Fit replacement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $6,000 after you pay the deductible. If you are paying in excess of $600 annually for your policy with full coverage, then you might want to think about dropping full coverage.

There are some cases where dropping full coverage is not in your best interest. If you still have a loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not opt for liability only.

Car insurance does more than just repair your car

Even though Baltimore Fit insurance rates can get expensive, paying for car insurance may be mandatory for several reasons.

The benefits of having car insurance are without a doubt worth the cost, particularly for liability claims. As of last year, the average driver in Maryland is overpaying over $810 a year so shop around each time the policy renews to help ensure money is not being wasted.

Why Your Insurance Costs might be higher

Consumers need to have an understanding of the factors that play a part in calculating the price you pay for car insurance. When consumers understand what impacts premium levels, this allows you to make good choices that can earn you lower premium levels. Many factors are used when pricing auto insurance. Some of the criteria are obvious like your driving record, although others are not quite as obvious such as your credit history or your commute time.

The itemized list below are a few of the “ingredients” companies use to determine your premiums.

Cheap Honda Fit insurance in Baltimore

The cost of insuring your cars can be expensive, but there are discounts available that can help lower your rates. Some discounts will apply at the time of quoting, but some may not be applied and must be asked about before being credited.Save money with discounts

As a footnote on discounts, most discount credits are not given to the whole policy. A few only apply to specific coverage prices like comp or med pay. Even though the math looks like all those discounts means the company will pay you, company stockholders wouldn’t be very happy. Any amount of discount will cut the premium cost.

The illustration below compares Honda Fit insurance costs with and without policy discounts. The information is based on a female driver, no claims or driving citations, Maryland state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, safe-driver, marriage, homeowner, and claim-free discounts applied.

Some of the insurance companies that possibly offer these money-saving discounts may include but are not limited to:

Check with all the companies which discounts you may be entitled to. Some of the earlier mentioned discounts might not be offered on policies in Baltimore. To see a list of insurance companies that offer some of these discounts in Baltimore, follow this link.

Which policy gives me the best coverage?

When quoting and comparing a policy, there really is not a one size fits all plan. Everyone’s needs are different.Drive safe and save

These are some specific questions could help you determine if your situation would benefit from an agent’s advice.

If you’re not sure about those questions, then you may want to think about talking to an agent. To find lower rates from a local agent, simply complete this short form.

Auto insurance agents can help

A lot of people just prefer to get professional advice from a licensed agent and that is a smart decision A nice benefit of comparing rates online is the fact that drivers can get cheaper prices and still have a local agent. Buying from local agents is definitely important in Baltimore.

Baltimore insurance agentsAfter completing this short form, your insurance data is immediately sent to participating agents in Baltimore who will give competitive quotes for your insurance coverage. There is no need to even leave your home because prices are sent to your email. You’ll get the best rates and work with a local agent. If you need to get a rate quote from a specific company, feel free to find their quoting web page and fill out the quote form the provide.

Is an exclusive or independent auto insurance agent right for you?

If you’re trying to find a reliable insurance agency, it can be helpful to understand the different types of agencies and how they are distinctly different. Agents in Baltimore are either exclusive or independent agents depending on their company appointments.

Independent Auto Insurance Agencies

Independent agencies do not sell for just one brand and that enables them to quote your coverage through lots of different companies and find you the best rates. If they find a cheaper price, your agent can switch companies and you don’t have to do anything. If you are comparing auto insurance prices, it’s recommended you compare prices from independent agents to get the most accurate price comparison. They often place coverage with companies you’ve never heard of that may provide cheaper auto insurance rates.

Below is a small list of independent agents in Baltimore that may be able to give you price quote information.

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Exclusive Auto Insurance Agencies

These agents generally can only insure with one company such as Allstate and State Farm. Exclusive agents cannot compare other company’s rates so always compare other rates. These agents receive extensive training in insurance sales and that can be a competitive advantage. Consumers sometimes buy from exclusive agents mostly because of the prominent brand name and strong financial ratings.

The following is a short list of exclusive agencies in Baltimore who can help you get price quote information.

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Choosing the best insurance agency requires you to look at more than just a cheap quote. These are some questions you should get answers to.

Shop around and save

Throughout this article, we presented many ideas to find cheap Honda Fit insurance in Baltimore. The key concept to understand is the more you quote Baltimore auto insurance, the better your comparison will be. Consumers may even find the best price on car insurance is with an unexpected company.

When getting Baltimore auto insurance quotes online, never reduce coverage to reduce premium. There have been many cases where an insured dropped liability coverage limits to discover at claim time that their decision to reduce coverage ended up costing them more. Your objective should be to purchase a proper amount of coverage for the lowest price but still have enough coverage for asset protection.

Some companies may not have online quoting and most of the time these smaller companies only sell coverage through independent agents. More affordable car insurance in Baltimore can be sourced both online and also from your neighborhood Baltimore agents, and you need to price shop both in order to have the best chance of saving money.

More information can be found at these links: