Find Cheaper Honda Insight Insurance in New Orleans

Want to save money and find lower-priced auto insurance rates in New Orleans, LA? New Orleans shoppers have a choice when shopping for the best price on Honda Insight insurance. You can either spend your time struggling with agents getting price quotes or use the internet to find the lowest rates.

There are more efficient ways to find auto insurance online and we’ll show you the best way to quote coverages for your Honda and find the lowest possible price from both online companies and New Orleans agents.

It’s a great practice to compare premium rates yearly since insurance prices change quite often. Just because you had the lowest quotes on Honda Insight insurance in New Orleans at your last renewal a different company probably has better rates today. Forget all the misinformation about auto insurance because you’re about to learn the best methods to get good coverage on Honda Insight insurance in New Orleans at a lower rate.

The quickest method we recommend to compare car insurance rates for Honda Insight insurance in New Orleans utilizes the fact auto insurance companies participate in online systems to give rate comparisons. To get started, all you need to do is give the companies some data such as whether your vehicle is owned or leased, any included safety features, if a SR-22 is required, and the make and model of your vehicles. Your insurance information is then submitted to insurance companies and you will get price comparisons almost instantly.

To compare multiple company lower-cost Honda Insight insurance rates now, click here and see if a lower rate is available in New Orleans.

The companies shown below are our best choices to provide price quotes in New Orleans, LA. If multiple companies are listed, we suggest you compare several of them in order to get a fair rate comparison.

Rates and other information

The premium table shown below outlines estimates of insurance coverage prices for Honda Insight models. Having insight into how auto insurance prices are determined can assist in making smart policy decisions.

Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Premium amounts do not factor in garaging location in New Orleans which can revise premium rates substantially.

Raise deductibles and save

One common question asked by New Orleans drivers is how high should the physical damage coverage deductibles be. The data tables below lay out the differences in price when you buy lower versus higher deductibles. The first rate estimation uses a $100 deductible for physical damage and the second set of prices uses a $1,000 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Premium costs do not factor in garaging location in New Orleans which can affect auto insurance rates considerably.

Based on this data, using a $100 deductible costs an average of $47 more each month or $564 each year than opting for the higher $1,000 deductible. Due to the fact that you would have to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have more than 19 months between claim filings, you would come out ahead if you opt for a higher deductible. The numbers below show a better example of how you can make your own decision.

One important caveat is that a higher deductible means you will have to pay more out-of-pocket at claim time. That will require enough extra money in the event you have to pay the deductible.

How much more does full coverage cost?

The illustration below shows the comparison of Honda Insight insurance premiums with and without physical damage coverage. The rate quotes are based on no claims or violations, $500 deductibles, marital status is single, and no other discounts are factored in.

When to drop comp and collision

There isn’t a written rule to delete full coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let’s say your Honda Insight replacement cost is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $6,000 after the policy deductible has been paid. If you are paying in excess of $600 a year to have full coverage, then you may want to consider only buying liability coverage.

There are some scenarios where dropping physical damage coverage is not financially feasible. If you haven’t paid off your loan, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.

How to Lower Your Insurance Prices

When buying auto insurance it’s important to understand some of the factors that are used to determine the rates you pay for auto insurance. If you have some idea of what determines base rates, this empowers consumers to make smart changes that could help you find better auto insurance rates. Many different elements are part of the calculation when you get your auto insurance bill. Some are pretty understandable such as your driving history, but some are less apparent like your vehicle usage or your financial responsibility.

• Can a thief steal your car? – Driving a car with anti-theft technology or alarm system can help lower your premiums. Advanced theft deterrents like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent car theft.
• Use one insurance company and save – Some insurance companies will give a discount to buyers that purchase more than one policy in the form of a multi-policy discount. This can amount to ten percent or more. Even with this discount applied, drivers will still want to compare other New Orleans Insight insurance rates to help guarantee you have the best rates. Drivers may still find lower rates by buying auto insurance from a different company.

• What type of vehicle do you drive? – The make and model of the car you own makes a significant difference in your car insurance bill. The cheapest insurance rates are usually found on the lowest performance passenger vehicles, but there are many factors that impact the final cost.

  The chart below is based on a single male driver age 40, full coverage with $500 deductibles, and no discounts or violations. It shows Honda Insight insurance premiums compared to other models that have a range of risk factors.

• Use credit responsibly and save – Your credit score will be a significant factor in determining what you pay. Insureds that have very good credit scores tend to be more responsible and file fewer claims than drivers who have bad credit. So if your credit score is not that good, you could pay less to insure your Honda Insight if you clean up your credit.
• A policy lapse can increase premiums – Driving without insurance coverage in place can get your license suspended and you may have a hard time finding new coverage because you let your insurance lapse. In addition to paying higher premiums, getting caught without coverage may earn you a hefty fine and possibly a revoked license.

Insurance in Louisiana serves several purposes

Despite the high insurance cost for a Honda Insight in New Orleans, insuring your vehicle serves several important purposes.

• Just about all states have minimum liability requirements which means you are required to carry specific limits of liability insurance if you don’t want to risk a ticket. In Louisiana these limits are 15/30/25 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you bought your Honda with a loan, most banks will stipulate that you have comprehensive coverage to guarantee payment of the loan. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Honda at a much higher rate and make you pay the higher premium.
• Insurance preserves not only your vehicle but also your financial assets. It will also cover medical bills for both you and anyone you injure as the result of an accident. One policy coverage, liability insurance, will also pay for a defense attorney if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, collision and comprehensive coverages will pay to restore your vehicle to like-new condition.

The benefits of buying insurance definitely exceed the cost, particularly for liability claims. An average driver in America overpays as much as $810 a year so compare rates at every policy renewal to be sure current rates are still competitive.

Car insurance companies ranked

Buying coverage from a good quality car insurance provider can be rather challenging considering how many companies sell coverage in Louisiana. The company information in the lists below may help you select which car insurance providers to look at shopping prices with.

Top 10 New Orleans Car Insurance Companies Ranked by Value

1. Mercury Insurance
2. Travelers
3. American Family
4. AAA Insurance
5. Safeco Insurance
6. Progressive
7. The Hartford
8. The General
9. 21st Century
10. Esurance

Top 10 New Orleans Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Mercury Insurance – 89%
5. Nationwide – 89%
6. Travelers – 88%
7. Progressive – 88%
8. Safeco Insurance – 88%
9. State Farm – 88%
10. Allstate – 88%