Car Insurance Rates for a Honda Fit in Newark

Looking for cheaper Honda Fit insurance in Newark? I really doubt anyone likes buying auto insurance, particularly when the price is too high.

It’s an obvious statement that car insurance companies don’t want you quoting rates from other companies. People who shop around for the cheapest rate will most likely switch companies because they have good chances of finding good coverage at a lower price. Remarkably, a study showed that people who regularly compared price quotes saved about $850 each year compared to people who don’t make a habit of comparing rates.

If finding the best rates on Honda Fit insurance in Newark is your intention, then knowing how to find companies and compare insurance coverage can help make the process easier.

Big companies like GEICO and Progressive continually bombard you with TV and radio ads and consumers find it hard to not get sucked in by the cute commercials and find the best price available.

If you currently have auto insurance, you will surely be able to reduce premiums using the tips covered below. Finding the cheapest auto insurance coverage in Newark is really not that difficult. But New Jersey drivers can benefit from knowing how the larger insurance companies compete online and apply this information to your search.

Where can I get cheap Newark Honda Fit insurance?

When comparing auto insurance rates, know that making a lot of price comparisons increases your odds of finding the best price.

The companies shown below offer quotes in Newark, NJ. If your goal is to find the cheapest car insurance in Newark, we suggest you compare several of them in order to get a fair rate comparison.

Insurance is an important decision

Despite the potentially high cost of Honda Fit insurance, insurance may be mandatory for several reasons.

• Just about all states have compulsory liability insurance requirements which means you are required to carry a minimum amount of liability coverage in order to drive the car legally. 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.
• If your Honda Fit has a lienholder, it’s guaranteed your bank will require that you buy full coverage to guarantee their interest in the vehicle. If coverage lapses or is canceled, the bank may buy a policy for your Honda for a lot more money and force you to pay a much higher amount than you were paying before.
• Insurance safeguards both your Honda Fit and your personal assets. It will also reimburse you for most medical and hospital costs incurred in an accident. Liability insurance, one of your policy coverages, also covers legal expenses if you are sued as the result of an accident. If mother nature or an accident damages your car, your policy will cover the damage repairs after a deductible is paid.

The benefits of insuring your car are definitely more than the cost, especially if you ever need it. The average driver in America is overpaying over $750 every year so you should quote your policy with other companies at every policy renewal to make sure the price is not too high.

Honda Fit insurance rates and statistics

The coverage information below outlines a range of prices for Honda Fit models. Understanding more about how prices are calculated can aid in making decisions on the best policy coverages.

Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Information does not factor in vehicle location which can change coverage prices noticeably.

Rate comparison for different deductibles

When comparing insurance rates, the most common question is which comprehensive and collision deductibles to buy. The data tables below can help you understand the costs and benefits between high and low physical damage coverage deductibles. The first table uses a $100 deductible for comp and collision 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 New Jersey minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Premium costs do not factor in specific zip code location which can revise premiums significantly.

Based on the above data, using a $100 deductible will cost you about $48 more each month or $576 each year than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 19 months between claim filings, you would probably save some money going with the higher deductible.

The diagram below illustrates how your choice of deductibles and can impact Honda Fit insurance premiums for different age groups. The premiums are based on a single female driver, comp and collision included, and no discounts are applied to the premium.

How accidents and tickets impact rates

The illustration below demonstrates how traffic citations and fender-benders can impact Honda Fit insurance prices for different age groups. The price estimates are based on a single female driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied.

Earn discounts to get lower-cost Newark car insurance rates

Buying car insurance is not cheap, but you may find discounts that you may not even be aware of. Many discounts should be triggered when you quote, but some need to be manually applied prior to getting the savings.

• Low Mileage Discounts – Low annual miles could be rewarded with lower car insurance rates due to less chance of an accident.
• Discount for Life Insurance – Not all companies offer life insurance, but some may give you a break if you buy life insurance from them.
• Own a Home – Just being a homeowner can get you a discount since owning and maintaining a home is proof that your finances are in order.
• Government Employees – Being employed by or retired from a federal job could provide a small rate reduction with some car insurance companies.
• Theft Deterrent Discount – Cars with anti-theft systems are stolen less frequently and earn discounts up to 10% off your Newark car insurance quote.
• Membership in Organizations – Belonging to a civic or occupational organization in Newark can get you a small discount when shopping for car insurance.
• Discount for New Cars – Putting insurance coverage on a new Fit is cheaper since new vehicles have better safety ratings.
• Senior Citizen Discount – Mature drivers may qualify for a small decrease in premiums.
• Student Discount for Driver Training – Reduce the cost of insurance for teen drivers by having them take driver’s ed class if offered at their school.
• Pay Early and Save – If you pay your entire premium ahead of time rather than spreading payments over time you can avoid monthly service charges.

Please keep in mind that some of the credits will not apply to the entire cost. Some only reduce the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears you can get free auto insurance, that’s just not realistic.

The illustration below shows the comparison of Honda Fit yearly insurance costs with and without discounts being applied to the rates. The data assumes a male driver, no accidents or driving violations, New Jersey state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, homeowner, marriage, claim-free, and multi-car discounts applied.

If you would like to see a list of companies with the best discounts in New Jersey, click this link.

How do I know if I need professional advice?

Keep in mind that when it comes to choosing proper insurance coverage, there really isn’t a best way to insure your cars. Coverage needs to be tailored to your specific needs and your policy should reflect that.
These are some specific questions could help you determine if you may require specific advice.

• What is PIP insurance?
• Why am I required to buy high-risk coverage?
• Is pleasure use cheaper than using my Honda Fit to commute?
• Am I covered by my spouse’s policy after a separation?
• Are rock-chip repairs free?
• Does rental coverage apply when I am renting a car?
• Am I covered if I wreck a rental car?
• Do I need more liability coverage?
• What is motorclub and do I need it?

If you can’t answer these questions but one or more may apply to you, you might consider talking to an agent. To find an agent in your area, complete this form or click here for a list of car insurance companies in your area.