Shopping for cheap New Orleans Honda Fit insurance quotes on the web might appear difficult for drivers new to comparing rates on the internet. With such a large number of companies in the marketplace, how are drivers able to have the ability to compare each option to find better rates?
How to find cheaper rates for Honda Fit insurance in New Orleans
If you want to save money, the best way to find cheaper quotes for auto insurance rates is to regularly compare price quotes from companies that sell auto insurance in New Orleans. Prices can be compared by following these steps.
- Step 1: Get an understanding of how insurance companies determine prices and the things you can change to drop your rates. Many things that result in higher rates like speeding and a less-than-favorable credit rating can be amended by making minor changes to your lifestyle. Later in this article we will cover more information to help keep prices low and find hidden discounts.
- Step 2: Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO or State Farm, while independent agencies can give you price quotes for a wide range of companies.
- Step 3: Compare the new rate quotes to the price on your current policy to determine if switching companies saves money. If you find a lower rate quote, make sure there is no lapse between the expiration of your current policy and the new one.
- Step 4: Give proper notification to your current agent or company to cancel your existing policy. Submit the signed application along with the required initial payment for your new policy. Don’t forget to store the proof of insurance certificate with your registration paperwork.
A key point to remember is that you use the same coverage limits and deductibles on every quote and and to get price quotes from as many different companies as possible. Doing this provides an apples-to-apples comparison and a thorough selection of prices.
Amazingly, the vast majority of insurance customers renewed their policy with the same company for at least the last four years, and almost half have never even shopped around for affordable coverage. The average driver in New Orleans can cut their rates by up to $900 a year by just comparing rate quotes, but they just don’t understand how easy it is to shop around.
Most major insurance companies such as State Farm, GEICO and Progressive allow you to get coverage price quotes direct online. The process is fairly straightforward as you simply enter the coverages you want into a form. Upon sending the form, the system pulls information on your driving record and credit history and returns pricing information.
Getting online price quotes for Honda Fit insurance in New Orleans makes comparing rates easy, and it is imperative to compare as many rates as possible if you want to get the best rate on car insurance.
In order to compare rates using this form now, compare quotes from the companies shown below. If you have your current policy handy, we recommend that you enter the insurance coverages exactly as shown on your declarations page. Using the same limits helps guarantee you will have rate quotes for the exact same coverage.
The companies shown below are our best choices to provide free rate quotes in New Orleans, LA. To find cheaper auto insurance in New Orleans, we suggest you visit two to three different companies to get the most competitive price.
Discounts can help to save on Honda Fit insurance in New Orleans
Auto insurance is easily one of your largest bills, but there’s a good chance there are discounts that many consumers don’t even know exist. A few discounts will be applied when you quote, but a few must be requested specifically prior to receiving the credit.
- Savings for New Vehicles – Insuring a vehicle that is new can cost up to 25% less due to better safety requirements for newer vehicles.
- Professional Memberships – Being a member of certain professional organizations is a good way to get lower rates on your policy.
- New Orleans Homeowners Pay Less – Just owning your own home can save you money since owning and maintaining a home means you have a higher level of financial diligence.
- Driver’s Education for Students – Make teen driver coverage more affordable by requiring them to complete a driver education course in high school.
- Defensive Driving Course – Successfully completing a course in defensive driving is a good idea and can lower rates and easily pay for the cost of the class.
Don’t be shocked that most of the big mark downs will not be given to the overall cost of the policy. Some only apply to the price of certain insurance coverages like liability and collision coverage. Despite the appearance that adding up those discounts means a free policy, auto insurance companies aren’t that generous.
The illustration below compares Honda Fit yearly insurance costs with and without discounts. The rates are based on a female driver, no accidents or driving violations, Louisiana 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-policy, homeowner, safe-driver, marriage, multi-car, and claim-free discounts applied.
If you would like to see a list of companies that have a full spectrum of discounts in Louisiana, click this link.
Rates and statistics
The price information shown below covers detailed analysis of insurance policy prices for Honda Fit models. Learning more about how policy premiums are calculated can aid in making smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fit | $218 | $478 | $322 | $20 | $96 | $1,134 | $95 |
| Fit Sport | $250 | $478 | $322 | $20 | $96 | $1,166 | $97 |
| Fit Sport VSA | $250 | $564 | $322 | $20 | $96 | $1,252 | $104 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Price estimates do not factor in garaging location in New Orleans which can affect auto insurance rates considerably.
How high should deductibles be?
One of the hardest decisions when shopping for insurance is how high should the deductibles for physical damage be. The comparisons below determine the price difference when you choose different deductibles. The first table uses a $100 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fit | $348 | $722 | $306 | $18 | $92 | $1,511 | $126 |
| Fit Sport | $400 | $722 | $306 | $18 | $92 | $1,563 | $130 |
| Fit Sport VSA | $400 | $850 | $306 | $18 | $92 | $1,691 | $141 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fit | $194 | $380 | $306 | $18 | $92 | $990 | $83 |
| Fit Sport | $222 | $380 | $306 | $18 | $92 | $1,018 | $85 |
| Fit Sport VSA | $222 | $448 | $306 | $18 | $92 | $1,086 | $91 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Table data does not factor in vehicle garaging location which can lower or raise price quotes noticeably.
Using the premium rates above, we can conclude that using a $100 deductible could cost the average driver approximately $46 more each month or $552 for a full year than choosing the higher $1,000 deductible. Since you would pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go more than 20 months between claims, you would save money going with the higher deductible.
The diagram below shows how choosing a deductible and can change Honda Fit premium costs for different categories of driver ages. The premium estimates are based on a married male driver, full coverage, and no discounts are factored in.
New Orleans Insurance Prices are Influenced by These Factors
Many different elements are used when pricing auto insurance. Some are pretty understandable like a motor vehicle report, but other criteria are not quite as obvious like your continuous coverage or your commute time. One of the most helpful ways to save on insurance is to to have a grasp of some of the factors that aid in calculating your premiums. If you know what determines base rates, this enables informed choices that can earn you better insurance rates.
Shown below are some of the things that factor into your premiums.
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Get a ticket, pay higher rates – Good drivers receive lower rates compared to bad drivers. Even a single ticket may cause rates to rise twenty percent or more. People who have careless violations like DWI, reckless driving or hit and run convictions are required to file a SR-22 with their state in order to keep their license.
The illustration below highlights how traffic violations and at-fault fender-benders increase Honda Fit insurance costs for each age group. The premium estimates are based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are taken into consideration.
- Costs are affected by your address – Residing in areas with lower population can save you money if you are looking for the lowest rates. Fewer people translates into fewer accident claims in addition to fewer liability claims. Drivers in populated Louisiana areas have much more traffic and longer commute times. Higher commute times translates into higher accident risk.
- Comp and collision deductibles are a factor – Insurance for physical damage, aka comp and collision, is used to repair damage to your Honda. Some coverage claims are collision with another vehicle, hail damage, and damage from a fallen tree branch. Your deductibles represent how much money you are willing to pay in the event of a claim. The more expense you have to pay, the lower your rates will be.
- Insurance lapses lead to higher prices – Going without insurance can be a guaranteed way to increase your rates. In addition to paying higher premiums, getting caught without coverage could earn you a steep fine or even jail time. You may need to provide proof of insurance in the form of an SR-22 filing with the Louisiana DMV.
- Liability protection – Liability coverage will provide protection in the event that you are found liable for damages from an accident. Your policy’s liability insurance provides legal defense coverage to attempt to prove you were not liable. This coverage is very inexpensive as compared to coverage for physical damage, so insureds should have plenty of protection for their assets.
- Your job and insurance rates – Careers such as fire fighters, airline pilots, and financial analysts usually pay higher premium rates because of high stress levels and extremely grueling work hours. Conversely, careers such as professors, engineers and homemakers pay the least.
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Honda Fit claim probability – Insurers factor in insurance loss information when they set coverage costs for each model. Vehicles that the data shows to have a trend towards higher claims will have a higher premium rate. The information below illustrates the historical loss data for Honda Fit vehicles.
For each type of coverage, the claim amount for all vehicles, regardless of manufacturer or model, is set at 100. Values below 100 mean the vehicle has better than average losses, while numbers that are greater than 100 point to more claims or a tendency for losses to be larger than average.
Insurance Loss Ratings for Honda Fit Vehicles Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Honda Fit 89 78 90 99 97 92 BETTERAVERAGEWORSEData Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Get rate quotes but still have a neighborhood New Orleans auto insurance agent
Some people still like to buy from a licensed agent and doing so can bring peace of mind A nice benefit of comparing rate quotes online is you may find cheap car insurance quotes and still have a local agent.
To make it easy to find an agent, after completing this quick form, your coverage information gets sent to local insurance agents that can give you free New Orleans auto insurance quotes to get your business. There is no reason to contact any insurance agencies since price quotes are sent instantly to you. You can most likely find cheaper rates without having to waste a lot of time. If for some reason you want to compare rates from a specific company, you just need to navigate to their website and submit a quote form there.
Finding a good insurer should depend on more than just a low price. Some important questions to ask are:
- Is the agent and/or agency licensed to do business in Louisiana?
- Do they carry Errors and Omissions coverage?
- Do they feel the quoted coverages are adequate?
- If your car is totaled, how to they determine the replacement cost?
- What insurance companies do they recommend if they are an independent agent?
- Are they in the agency full-time?
- Are they actively involved in the community?
- Are aftermarket or OEM parts used to repair vehicles?
Exclusive agents vs. Independent agents
When looking for a reputable insurance agent or broker, you need to know there are two types of agencies and how they are distinctly different. Agents can be described as either exclusive or independent.
Exclusive Car Insurance Agencies
Exclusive agents can only write with one company and examples are Allstate, Farmers Insurance or State Farm. These agents are unable to shop your coverage around so you might not find the best rates. Exclusive insurance agents are trained well on their company’s products and that enables them to sell even at higher rates. Some consumers prefer to use the same exclusive agent mainly due to the brand name rather than low price.
The following are New Orleans exclusive agents willing to provide price quotes.
- State Farm: Luke Delouise
6262 Pontchartrain Blvd – New Orleans, LA 70124 – (504) 486-7525 – View Map - Randy Bordlee – State Farm Insurance Agent
4650 General De Gaulle Dr #102 – New Orleans, LA 70131 – (504) 392-9300 – View Map - Allstate Insurance: John Carbo Jr.
621 Homedale St – New Orleans, LA 70124 – (504) 488-0070 – View Map
Independent Agents (or Brokers)
These agents are not employed by any specific company so they have the ability to put coverage with many different companies and help determine which has the cheapest rates. To transfer your coverage to a different company, the agent simply finds a different carrier and you won’t have to switch agencies.
If you need lower rates, you will definitely want to get rate quotes from a few independent agents so that you have a good selection of quotes to compare. Most can insure with small mutual carriers that may have much lower rates than larger companies.
The following are New Orleans independent insurance agencies that can give you rate quotes.
- Dan Burghardt Insurance Agency
5741 Crowder Blvd – New Orleans, LA 70127 – (504) 241-7283 – View Map - USAgencies Insurance
6003 Bullard Ave #6 – New Orleans, LA 70128 – (504) 517-8884 – View Map - Martin Insurance Agency, Inc
4700 Orleans Ave – New Orleans, LA 70119 – (504) 486-6133 – View Map
After receiving positive feedback to any questions you have and an acceptable price quote, you’ve probably found a car insurance agent that will provide car insurance coverage.
You may need specialized auto insurance coverage
When choosing insurance from an agent or online for your vehicles, there really is not a perfect coverage plan. Everyone’s needs are different so this has to be addressed.
These are some specific questions can aid in determining whether your personal situation would benefit from professional advice.
- Does every company file a SR-22 automatically?
- Do I get a pro-rated refund if I cancel my policy early?
- I don’t drive much so do I pay less?
- Can my babysitter drive my car?
- Are my friends covered when driving my car?
- Am I covered if hit by an uninsured driver?
If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.
Quote. Compare. Save.
As you quote New Orleans auto insurance, do not reduce coverage to reduce premium. There are a lot of situations where an accident victim reduced collision coverage only to discover later that it was a big mistake. The ultimate goal is to find the BEST coverage at the best possible price.
We just showed you some good ideas how to reduce Honda Fit insurance rates online in New Orleans. The most important thing to understand is the more companies you get auto insurance rates for, the better likelihood of getting the cheapest Honda Fit rate quotes. Consumers may even find the lowest rates come from a smaller regional carrier. They often have lower auto insurance rates on specific markets as compared to the big name companies such as Progressive or GEICO.
How to buy low-cost Honda Fit insurance in New Orleans
If your goal is the lowest price, then the best way to find better pricing on car insurance rates is to start doing a yearly price comparison from insurance carriers in New Orleans. You can compare rates by completing these steps.
- Gain an understanding of how companies set rates and the modifications you can make to prevent expensive coverage. Many factors that increase rates such as accidents, careless driving, and a bad credit score can be rectified by making minor changes in your lifestyle.
- Request price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from one company like Progressive or Farmers Insurance, while independent agencies can quote prices for many different companies.
- Compare the price quotes to your current policy premium to see if a cheaper price is available. If you can save money, make sure there is no lapse in coverage.
- Provide notification to your current company of your intention to cancel your current auto insurance policy. Submit a signed application and payment to the new company. Make sure you keep your new proof of insurance paperwork along with the vehicle’s registration papers.
An important note is to make sure you’re comparing identical deductibles and limits on each quote request and and to get price estimates from as many carriers as you can. Doing this ensures a level playing field and plenty of rates choose from.
More detailed car insurance information can be found by following these links:
- Choosing an Insurance Company (Insurance Information Institute)
- What Car Insurance is Cheapest for a Nissan Altima in New Orleans? (FAQ)
- What Auto Insurance is Cheapest for Felons in New Orleans? (FAQ)
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Credit Impacts Car Insurance Rates (State Farm)
- What if I Can’t Find Coverage? (Insurance Information Institute)