Affordable Rates for Honda Fit Insurance in Cincinnati

Shockingly, the vast majority of car insurance customers renewed their policy with the same company for at least four years, and just under half have never even compared rates from other companies. Ohio consumers can save hundreds of dollars each year, but they just don’t want to compare rates online.

Insurance quote for Honda Fit in CincinnatiIf you want to find the absolute lowest rates, then the best way to get low-cost car insurance rates in Cincinnati is to do a yearly price comparison from companies who sell insurance in Ohio. Rate comparisons can be done by following these guidelines.

  1. Try to learn a little about what is in your policy and the factors you can control to drop your rates. Many rating factors that drive up the price such as at-fault accidents and a negative credit rating can be controlled by making small lifestyle or driving habit changes. Later in this article we will cover more details to help prevent high rates and earn larger discounts.
  2. Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from one company like GEICO or Farmers Insurance, while agents who are independent can provide rate quotes for a wide range of insurance providers.
  3. Compare the price quotes to your existing rates to determine if switching companies saves money. If you find a better price, ensure there is no coverage lapse between policies.
  4. Give proper notification to your current agent or company to cancel your current auto insurance policy and submit a completed application and payment for the new coverage. As soon as you receive it, place the new certificate of insurance in a readily accessible location in your vehicle.

A crucial key to this process is to use the same level of coverage on each quote request and to quote with as many car insurance companies as possible. This provides an apples-to-apples comparison and the best rate selection.

If you’re already insured or are just looking to switch companies, follow these tips to reduce the price you pay while maintaining coverages. Shopping for the lowest-priced insurance in Cincinnati is easy to do. Comparison shoppers only have to learn the proper way to shop online from multiple companies.

Compare Cincinnati Honda Fit insurance quotes

The companies shown below provide price comparisons in Ohio. If your goal is to find cheap car insurance in Cincinnati, OH, it’s highly recommended you compare several of them to get the best price comparison.

Auto insurance policy discounts you can’t miss

Auto insurance is not inexpensive, but you might be missing out on some discounts that you may not even be aware of. Some discounts apply automatically at the time of quoting, but once in a while a discount must be specially asked for before you will receive the discount.Discount auto insurance

Policy discounts save money, but some credits don’t apply to your bottom line cost. Most only reduce specific coverage prices like comprehensive or collision. So when the math indicates it’s possible to get free car insurance, you won’t be that lucky.

The chart below illustrates the difference between Honda Fit auto insurance costs with and without some available policy discounts. The premium estimates are based on a male driver, a clean driving record, no claims, Ohio state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, marriage, multi-policy, claim-free, and multi-car discounts applied.

Companies and their possible discounts are detailed below.

When comparing rates, check with all companies you are considering how you can save money. Some of the earlier mentioned discounts might not be available to policyholders in Cincinnati. If you would like to view companies with the best discounts in Ohio, click here.

Car insurance analysis for a Honda Fit

The premium table below highlights estimates of insurance prices for Honda Fit models. Being able to understand how policy premiums are established can benefit drivers when making decisions on the best policy coverages.

Honda Fit Insurance Rates in Cincinnati, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fit $170 $364 $202 $12 $60 $808 $67
Fit Sport $194 $364 $202 $12 $60 $832 $69
Fit Sport VSA $194 $428 $202 $12 $60 $896 $75
Get Your Own Custom Quote Go

Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Table data does not factor in specific garaging location which can alter coverage rates noticeably.

Deductible analysis

A question often asked by Cincinnati drivers is what deductibles to buy. The comparison tables below can help you visualize how much more rates are between low and high insurance deductibles. The first rate comparisons uses a $250 comprehensive and collision deductible and the second data table uses a $1,000 deductible.

Honda Fit insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fit $152 $296 $150 $10 $44 $677 $56
Fit Sport $176 $296 $150 $10 $44 $701 $58
Fit Sport VSA $176 $348 $150 $10 $44 $753 $63
Get Your Own Custom Quote Go

Honda Fit insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fit $94 $186 $150 $10 $44 $484 $40
Fit Sport $108 $186 $150 $10 $44 $498 $42
Fit Sport VSA $108 $220 $150 $10 $44 $532 $44
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Estimates do not factor in Cincinnati location which can alter premiums noticeably.

Based on this data, using a $250 deductible costs approximately $17 more each month or $204 every year than requesting the higher $1,000 deductible. Because you would be required to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have more than 44 months between claims, you would probably come out ahead by selecting a higher deductible.

How accidents and tickets impact rates

The example below demonstrates how speeding tickets and at-fault collisions increase Honda Fit insurance costs for different categories of driver ages. The premiums are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.

Should you buy full coverage?

The illustration below illustrates the difference between Honda Fit auto insurance costs with and without full coverage. The premiums assume no claims or driving violations, $1,000 deductibles, drivers are not married, and no discounts are factored in.

Should you pay for full coverage or liability only?

There is no specific rule of when to eliminate comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.

For example, let’s pretend your Honda Fit settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $4,000 after paying the physical damage deductible. If premium cost is more than $400 annually for full coverage, then it’s probably a good time to buy liability coverage only.

There are some scenarios where buying only liability insurance is not advised. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not eliminate full coverage.

Buying from insurance agencies

Some consumers would rather go talk to an agent. Agents can make sure you are properly covered and will help you if you have claims. The best thing about comparing insurance online is that you can find better rates and also buy local.

Cincinnati insurance agentsUpon completion of this quick form, the quote information is transmitted to participating agents in Cincinnati who will give you quotes and help you find cheaper coverage. You won’t need to visit any agencies since price quotes are sent directly to you. If you need to quote rates from a specific insurance company, you can always jump over to their website and submit a quote form there.

Finding the right insurer needs to be determined by more than just the bottom line cost. Agents should be asked these questions:

Your auto insurance coverage should be tailored to you

Always remember that when buying the best auto insurance coverage for your personal vehicles, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s.Drive safe and save

Here are some questions about coverages that could help you determine if your insurance needs might need an agent’s assistance.

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to an agent. To find lower rates from a local agent, take a second and complete this form. It is quick, free and can help protect your family.

Good Decisions Result in Lower Insurance Costs

One of the most helpful ways to save on auto insurance is to to have a grasp of some of the elements that play a part in calculating your premiums. When you understand what influences your rates, this empowers consumers to make smart changes that could result in big savings. Many things are used in the calculation when premium rates are determined. Most are fairly basic such as your driving record, but other criteria are not quite as obvious such as your marital status or how financially stable you are.

The items below are a few of the things utilized by car insurance companies to help set premiums.

City dwellers may pay more – Residing in less populated areas is a good thing if you are looking for the lowest rates. City drivers regularly have more road rage incidents and a longer drive to work. Less people means less chance of accidents.

Liability protection limits are a factor – Your policy’s liability coverage provides coverage when you are ruled to be at fault for physical damage or personal injury to other. It provides legal defense coverage which can cost a lot. Liability insurance is quite affordable compared to other policy coverages, so do not cut corners here.

Cars with good safety ratings lower premiums – Cars with high safety ratings tend to have better insurance rates. Vehicles engineered for safety result in less severe injuries and better occupant protection translates into fewer and smaller insurance claims which can mean better rates for you.

Combine policies and save – The majority of companies will give better rates for people who have multiple policies with them such as combining an auto and homeowners policy. Even if you already get this discount, it’s still a good idea to shop around to verify if the discount is saving money. You may still save money by buying insurance from more than one company.

Eliminate unneeded incidental coverages – There are quite a few extra coverages that you can buy if you don’t pay attention. Coverage for things like personal injury protection, death and dismemberment, and extra life insurance coverage could be just wasting money. They may seem like a good idea when buying your policy, but your money might be better spent on other coverage so remove them from your policy.

Youthful drivers are expensive to insure – More experienced drivers tend to be more responsible, cost insurance companies less in claims, and are generally more financially stable. Drivers with little experience have a tendency to be inattentive and easily distracted with other occupants in the car therefore auto insurance rates are much higher.

The following data uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.

Being married can lower rates – Having a significant other can actually save you money when shopping for auto insurance. Having a significant other demonstrates that you tend to be more financially stable and insurance companies reward insureds because being married results in fewer claims.

Insurance losses for a Honda Fit – Insurance companies analyze historical claim data when they calculate premium costs for each model. Vehicles that tend to have high amounts or severity of claims will cost more for coverage.

The table shown below demonstrates the actual insurance loss data for Honda Fit vehicles. For each policy coverage type, the claim amount for all vehicles, without regard to make or model, is equal to 100. Percentages below 100 suggest a positive loss record, while percentage numbers above 100 indicate a higher chance of having a claim or a tendency for losses to be larger than average.

Honda Fit Insurance Claim Statistics
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Honda Fit 89 78 90 99 97 92

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

Auto insurance protects more than just your car

Despite the high insurance cost for a Honda Fit in Cincinnati, buying auto insurance is not optional due to several reasons.

The benefits of buying enough insurance more than offset the price you pay, especially if you ever need it. According to a 2015 survey, the average American driver is currently overpaying as much as $750 every year so shop around at every renewal to make sure the price is not too high.

Ratings for Cincinnati auto insurance companies

Selecting the right insurance company can be a challenge considering how many companies sell coverage in Cincinnati. The information shown below can help you pick which providers you want to consider comparing prices from.

Top 10 Cincinnati Car Insurance Companies Ranked by Claims Service

  1. Progressive
  2. Travelers
  3. Liberty Mutual
  4. Nationwide
  5. USAA
  6. GEICO
  7. AAA Insurance
  8. Safeco Insurance
  9. Esurance
  10. The General

Don’t give up on cheap premiums

As you quote Cincinnati auto insurance, it’s not a good idea to buy poor coverage just to save money. Too many times, someone sacrificed collision coverage only to regret they didn’t purchase enough coverage. Your strategy should be to purchase plenty of coverage at the best possible price, but do not skimp to save money.

Cheaper Honda Fit insurance in Cincinnati can be sourced both online and with local Cincinnati insurance agents, and you need to comparison shop both in order to have the best price selection to choose from. There are still a few companies who may not offer price quotes online and usually these smaller providers only sell through independent agencies.

Consumers change insurance companies for many reasons like poor customer service, high prices, delays in responding to claim requests or even not issuing a premium refund. No matter why you want to switch, finding the right auto insurance provider is not as hard as you think.

Additional resources