Compare Honda Pilot Insurance Rates in Newark

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Honda Pilot insurance
Honda Pilot insurance image courtesy of QuoteInspector.com

Discount Honda Pilot insuranceIf saving the most money is your goal, then the best way to get affordable car insurance rates in Newark is to compare prices annually from insurers who sell auto insurance in New Jersey.

  • Step 1: Try to learn about how insurance works and the measures you can control to keep rates in check. Many rating factors that increase rates such as speeding and a less-than-favorable credit score can be remedied by making small lifestyle or driving habit changes. Continue reading for more ideas to find cheap prices and get bigger discounts.
  • Step 2: Quote rates from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like GEICO and Allstate, while agents who are independent can provide prices from multiple sources. Click to view companies
  • Step 3: Compare the new quotes to your existing rates and see if there is a cheaper rate in Newark. If you find a lower rate, verify that coverage does not lapse between policies.
  • Step 4: Tell your current company of your decision to cancel your existing policy and submit the application along with any required down payment to the new insurer. When you receive it, safely store the certificate verifying coverage somewhere easily accessible.

One piece of advice is to make sure you enter similar limits and deductibles on every quote and and to compare as many different insurance providers as possible. Doing this provides a fair price comparison and a complete selection of prices.

Unimaginable but true, over 70% of consumers kept their coverage with the same auto insurance company for a minimum of four years, and roughly 40% of drivers have never quoted auto insurance rates at all. U.S. consumers could save almost $860 each year, but they just don't want to do a rate comparison.

If you're already insured or just want to reduce your rates, use these tips to reduce the price you pay and still get good coverage. Comparing quotes for the cheapest auto insurance policy in Newark is quite easy. You just need to know the tricks to shop for auto insurance instantly.

Good Decisions Result in Lower Insurance Rates

Lots of factors are taken into consideration when premium rates are determined. Some are obvious such as your driving history, but other criteria are not quite as obvious such as your marital status or how safe your car is. One of the most helpful ways to save on auto insurance is to to have a grasp of some of the things that help determine your policy premiums. When consumers understand what positively or negatively impacts your premiums, this allows you to make educated decisions that may result in lower auto insurance prices.

Pleasure use or commuting - Driving a lot of miles every year the more you'll pay to insure it. Most companies charge to insure your cars determined by how the vehicle is used. Vehicles left parked in the garage receive lower rates compared to those used for work or business. A policy that improperly rates your Pilot may be costing you higher rates. It's always a good idea to double check that your declarations sheet is showing the correct usage, because it can save money.

Avoid traffic tickets - Your driving record has a big impact on rates. Careful drivers get better rates than bad drivers. Even one speeding ticket could increase your next policy renewal forty percent or more. Drivers who have received careless citations such as DUI, reckless driving or excessive speeding may need to maintain a SR-22 with their state motor vehicle department in order to legally drive a vehicle.

The example below shows how traffic citations and accidents raise Honda Pilot insurance rates for each age group. The premium estimates are based on a single female driver, comp and collision included, $1,000 deductibles, and no discounts are applied to the premium.

What's your car's safety rating? - Safe vehicles can get you lower premiums. These vehicles result in less severe injuries and lower rates of occupant injuries means less money paid by your insurance company and cheaper rates on your policy. If your Honda earned at least four stars on Safercar.gov you may be receiving a better rate.

Older drivers pay less - More experienced drivers are proven to be safer behind the wheel, tend to cause fewer accidents, and receive fewer citations. Youthful drivers are statistically proven to be easily distracted when driving with friends so auto insurance rates are higher.

The following data assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.

Avoid unnecessary incidental coverages - There are many extra bells and whistles that you can get tricked into buying on your auto insurance policy. Insurance for roadside assistance, accident forgiveness, and Farm Bureau memberships may be wasting your money. These may sound like a good investment at first, but if you don't need them eliminate them to save money.

Impacts performance impacts auto insurance prices - The performance level of the car, truck or SUV you are buying insurance for makes a huge difference in determining your rates. The best insurance prices will normally be found when insuring the lowest performance passenger cars, but the cost you end up paying is determined by many additional factors.

The following data assumes a married female driver age 20, full coverage with $100 deductibles, and no discounts or violations. It shows Honda Pilot policy rates compared to other vehicles that have different performances.

Honda Pilot claim data - Insurance companies use statistical claims data when they file their rates in each state. Models that statistically have a higher amount or frequency of claims will have increased rates. The table below outlines the insurance loss data used by companies for Honda Pilot vehicles.

For each insurance policy coverage type, the statistical loss for all vehicles, as an average, equals 100. Percentages below 100 suggest a positive loss record, while percentage numbers above 100 point to more frequent losses or a tendency for losses to be larger than average.

Car Insurance Loss Data for Honda Pilot Models
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Honda Pilot 4dr 2WD 70 96 69 82 82 86
Honda Pilot 4dr 4WD 79 105 81 88 74 82
BETTER
AVERAGE
WORSE

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Getting a cheaper price on Honda Pilot insurance is an easy way to save money. All you need to do is invest a few minutes to compare rate quotes to discover which company has low cost Newark car insurance quotes.

The auto insurance companies shown below are our best choices to provide free rate quotes in New Jersey. To get cheap auto insurance in Newark, NJ, it's a good idea that you get price quotes from several of them to get the best price comparison.

Rate information and statistics

The rate table displayed next outlines different coverage costs for Honda Pilot models. Being aware of how policy rates are determined can be useful when making smart choices when purchasing an auto insurance policy.

Honda Pilot Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $318 $510 $452 $26 $136 $1,442 $120
Pilot EX 2WD $360 $510 $452 $26 $136 $1,484 $124
Pilot EX 4WD $360 $510 $452 $26 $136 $1,484 $124
Pilot EX-L 2WD $360 $620 $452 $26 $136 $1,594 $133
Pilot EX-L 4WD $360 $620 $452 $26 $136 $1,594 $133
Pilot Touring 2WD $360 $620 $452 $26 $136 $1,594 $133
Pilot Touring 4WD $360 $620 $452 $26 $136 $1,594 $133
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Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Price information does not factor in garaging location in Newark which can impact rates noticeably.

Physical damage deductibles

One frequently asked question is where should you set your physical damage deductibles. The premium rates below may help to conceptualize the differences in price when you select higher and lower deductibles. The first set of rates uses a $100 deductible for comp and collision and the second price table uses a $500 deductible.

Honda Pilot insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $414 $614 $480 $28 $144 $1,705 $142
Pilot EX 2WD $466 $614 $480 $28 $144 $1,757 $146
Pilot EX 4WD $466 $614 $480 $28 $144 $1,757 $146
Pilot EX-L 2WD $466 $746 $480 $28 $144 $1,889 $157
Pilot EX-L 4WD $466 $746 $480 $28 $144 $1,889 $157
Pilot Touring 2WD $466 $746 $480 $28 $144 $1,889 $157
Pilot Touring 4WD $466 $746 $480 $28 $144 $1,889 $157
Get Your Own Custom Quote Go
Honda Pilot insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $302 $414 $480 $28 $144 $1,368 $114
Pilot EX 2WD $340 $414 $480 $28 $144 $1,406 $117
Pilot EX 4WD $340 $414 $480 $28 $144 $1,406 $117
Pilot EX-L 2WD $340 $504 $480 $28 $144 $1,496 $125
Pilot EX-L 4WD $340 $504 $480 $28 $144 $1,496 $125
Pilot Touring 2WD $340 $504 $480 $28 $144 $1,496 $125
Pilot Touring 4WD $340 $504 $480 $28 $144 $1,496 $125
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Prices do not factor in vehicle location which can raise or lower rates greatly.

Based on the above data, using a $100 deductible will cost you roughly $31 more each month or $372 annually than selecting the higher $500 deductible. Since you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you normally go more than 13 months between claims, you would save more money if you choose the higher deductible.

Calculate deductible break even point

Average monthly premium for $100 deductibles: $152
Average monthly premium for $500 deductibles (subtract): - $121
Monthly savings from raising deductible: $31
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $31
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

Honda Pilot insurance rates by gender in Newark

The diagram below visualizes the comparison of Honda Pilot car insurance rates for male and female drivers. The premium estimates are based on no driving violations, no at-fault accidents, comp and collision included, $1,000 deductibles, marital status is single, and no other discounts are factored in.

Full coverage rates compared to liability-only

The diagram below visualizes the comparison of Honda Pilot annual premium costs with and without physical damage coverage. The premiums are based on no violations or claims, $500 deductibles, single status, and no additional discounts are factored in.

Should you pay for full coverage?

There is no set rule for excluding full coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is more than about 10% of any settlement you would receive from your insurance company, then it's probably a good time to buy liability coverage only.

For example, let's assume your Honda Pilot replacement cost is $5,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, you would only receive $4,000 after paying your policy deductible. If you are paying in excess of $400 annually for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some scenarios where dropping full coverage is not advised. If you haven't satisfied your loan, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Why you need to buy car insurance

Despite the high cost of buying insurance for a Honda Pilot in Newark, buying car insurance may be required for several reasons.

First, just about all states have mandatory liability insurance requirements which means state laws require a specific minimum amount of liability insurance in order to be legal. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.

Second, if you have a lien on your car, almost all lenders will make it mandatory that you have full coverage to protect their interest in the vehicle. If you let the policy lapse, the lender may have to buy a policy to insure your Honda for a much higher rate and force you to pay a much higher amount than you were paying before.

Third, car insurance protects not only your Honda Pilot but also your assets. Insurance will pay for hospital and medical expenses incurred in an accident. Liability insurance will also pay to defend you if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, your car insurance policy will cover the repair costs.

The benefits of having insurance definitely exceed the price paid, especially when you need to use it. According to a survey of 1,000 drivers, the average driver is overpaying more than $820 a year so we recommend shopping around each time the policy renews to ensure rates are inline.

Car insurance policy discounts you can't miss

Some insurers don't necessarily list all possible discounts very well, so here is a list a few of the more common and the harder-to-find credits available to bring down your rates.Car insurance discounts

  • Discount for Multiple Policies - If you have multiple policies with one company you could earn a discount of as much as 10 to 15 percent.
  • Paperwork-free - A few car insurance companies may give you up to $50 for buying your policy on your computer.
  • Service Members Pay Less - Having a deployed family member could mean lower premium rates.
  • Low Mileage - Fewer annual miles on your Honda may allow you to get discounted car insurance rates on garaged vehicles.
  • Save over 55 - Mature drivers can get lower premium rates.

One last thing about discounts, some of the credits will not apply to all coverage premiums. Some only reduce individual premiums such as liability, collision or medical payments. Just because it seems like it's possible to get free car insurance, car insurance companies aren't that generous. Any qualifying discounts will reduce your overall bill.

The illustration below shows the comparison of Honda Pilot insurance prices with and without policy discounts. Data assumes a male driver, no accidents or driving violations, New Jersey state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-policy, homeowner, multi-car, and claim-free discounts applied.

The best car insurance companies and the discounts they provide are included below.

  • State Farm has savings for good driver, Steer Clear safe driver discount, defensive driving training, accident-free, driver's education, multiple policy, and student away at school.
  • GEICO policyholders can earn discounts including seat belt use, daytime running lights, membership and employees, multi-vehicle, anti-lock brakes, and five-year accident-free.
  • Progressive has discounts for homeowner, online quote discount, online signing, multi-vehicle, and multi-policy.
  • 21st Century offers premium reductions for theft prevention, anti-lock brakes, defensive driver, teen driver, automatic seat belts, and driver training.
  • American Family offers discounts including air bags, mySafetyValet, Steer into Savings, TimeAway discount, and good student.
  • The Hartford offers discounts for defensive driver, anti-theft, air bag, vehicle fuel type, driver training, and good student.
  • AAA may offer discounts for pay-in-full, AAA membership discount, education and occupation, good driver, multi-policy, and multi-car.

If you are trying to find inexpensive Newark car insurance quotes, ask each company which discounts they offer. A few discounts might not be offered in your state. To see insurance companies that offer discounts in New Jersey, click this link.

Auto insurance agents near you

Certain consumers still prefer to visit with an insurance agent and doing so can bring peace of mind Professional insurance agents can answer important questions and give you someone to call. A good thing about price shopping on the web is you can get cheap rate quotes but also keep your business local.

Newark insurance agentsBy using this simple form, your coverage information gets sent to local insurance agents in Newark who will return price quotes for your business. It simplifies rate comparisons since you won't have to search for any insurance agencies because prices are sent to the email address you provide. In the event you want to compare prices from a specific insurance company, you would need to search and find their rate quote page and give them your coverage information.

Choosing the best company is decision based upon more than just the bottom line cost. Before buying a policy in Newark, get answers to these questions.

  • Does the company allow you to choose your own collision repair facility?
  • Will you get a loaner vehicle if you car is being repaired?
  • Does the agency have a good rating with the Better Business Bureau?
  • Do you qualify for any additional discounts?
  • How often do they review policy coverages?
  • What is the financial rating for the quoted company?

Choose an insurance agent wisely

When searching for an insurance agent, it's important to understand the types of agencies and how they function. Insurance agencies in Newark can be categorized as either independent agents or exclusive agents. Either type can sell car insurance policies, but it is important to understand the difference in the companies they write for since it may influence the type of agent you choose.

Exclusive Car Insurance Agents

Agents that elect to be exclusive can only write with one company such as Allstate, Farmers Insurance, State Farm, and AAA. They are unable to give you multiple price quotes so they really need to provide good service. These agents are trained well on sales techniques which can be an advantage. Many people choose to use a exclusive agent partially due to the prominence of the brand and the convenience of having a single billing for all their coverages.

Below is a list of exclusive agencies in Newark willing to provide rate quotes.

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Independent Agents

Agents that choose to be independent are not restricted to one company and that is an advantage because they can write policies with an assortment of companies and potentially find a lower price. To move your coverage to a new company, the business is moved internally and you stay with the same agent.

When comparing rate quotes, you will definitely want to compare quotes from at least one independent agent to ensure the widest selection of prices. Most also have access to companies that do not advertise much which can save you money.

Listed below is a short list of independent agents in Newark that can give you rate quotes.

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Persistence is the key to cheap rates

Drivers who switch companies do it for a variety of reasons including policy non-renewal, not issuing a premium refund, unfair underwriting practices and even delays in paying claims. Regardless of your reason for switching companies, choosing a new company is pretty easy and you might even save some money in the process.

Cheaper insurance in Newark can be sourced online and with local Newark insurance agents, so you need to shop Newark car insurance with both so you have a total pricing picture. Some insurance providers may not provide online quoting and these small insurance companies provide coverage only through independent insurance agencies.

When searching for cheaper Newark car insurance quotes, do not skimp on critical coverages to save a buck or two. In too many instances, drivers have reduced full coverage only to regret that saving that couple of dollars actually costed them tens of thousands. Your goal is to purchase plenty of coverage at the best possible price but still have enough coverage for asset protection.

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