Cheap Quotes for Honda Insight Insurance in Chicago

Insurance rates Honda Insight in ChicagoDo you need a better way to compare low-cost Honda Insight insurance in Chicago? Nobody that owns a car likes paying for auto insurance, especially knowing they could find lower prices if they just compared rates.

Astonishing but true, most auto insurance buyers in Illinois have bought auto insurance from the same company for a minimum of four years, and practically 40% of auto insurance customers have never compared auto insurance rates at all. Most drivers in America could save an average of almost $859 each year, but they don’t believe how much they could save if they bought a different policy. With vehicle owners having so many different company options, it can be impossible to choose the best insurance company.

Locating the most cost-effective auto insurance policy in Chicago is actually quite simple. If you’re already insured or just want cheaper rates, you can follow these tips to cut your premiums without having to cut coverage. Smart shoppers just need to understand the most efficient way to get comparison rates online.

The best way to compare rate quotes for Honda Insight insurance in Chicago is to realize most larger insurance companies participate in online systems to give rate comparisons. The only thing you need to do is spend a couple of minutes providing details such as how you use your vehicles, whether you are single or married, if your license is active, and if you went to college. That rating data is then sent to multiple top-rated companies and they return quotes immediately.

To start a rate quote now, click here and enter your coverage details.

The companies in the list below have been selected to offer price comparisons in Chicago, IL. If the list has multiple companies, it’s highly recommended you compare several of them to get the best price comparison.

Honda Insight Insurance Rates in Chicago, IL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $98 $196 $268 $16 $80 $658 $55
Insight EX $150 $298 $268 $16 $80 $812 $68
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Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Illinois minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Price information does not factor in Chicago location which can decrease or increase rates greatly.

Violations and accidents raise rates

The information below highlights how speeding tickets and at-fault fender-benders can affect Honda Insight premium costs for different categories of driver ages. The rate quotes are based on a single female driver, comp and collision included, $100 deductibles, and no policy discounts are applied.

Rate comparison for different deductibles

The information below illustrates how choosing a deductible and can increase or decrease Honda Insight premium costs for each different age category. The price estimates are based on a married male driver, full coverage, and no additional discounts are factored in.

Can higher deductibles save money?

One of the most common auto insurance questions is which deductibles should you choose. The following tables can help you understand the rate fluctuation when you choose different comp and collision deductibles. The first rate table uses a $100 deductible for comp and collision and the second price grid uses a $500 deductible.

Honda Insight insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $196 $406 $262 $16 $78 $983 $82
Insight EX $224 $478 $262 $16 $78 $1,083 $90
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Honda Insight insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $142 $274 $262 $16 $78 $772 $64
Insight EX $164 $322 $262 $16 $78 $842 $70
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Illinois minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Estimates do not factor in specific Chicago garaging location which can lower or raise premiums considerably.

We can estimate from the data above that using a $100 deductible will cost you about $19 more each month or $228 every year than requesting the higher $500 deductible. Since you would pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you normally average at least 21 months between claim filings, you would probably be better off going with the higher deductible. Below is how you can make your own decision.

Average monthly premium for $100 deductibles: $86
Average monthly premium for $500 deductibles (subtract): – $67
Monthly savings from raising deductible: $19
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $19
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

An important sidenote is that raising deductibles to get cheaper rates means you will have to pay more when you do file a claim. You need to have some savings in the bank in order to pay more to get your vehicle repaired.

Independent or exclusive insurance agents

A small number of people still like to get advice from a local agent and that is not a bad decision Licensed agents will help you protect your assets and help submit paperwork. A good thing about getting free rate quotes online is the fact that you can find cheap rate quotes and still choose a local agent.

Insurance agency in ChicagoAfter completing this quick form, the coverage information is emailed to local insurance agents in Chicago that give free quotes for your business. You don’t have to do any legwork since rate quotes are delivered immediately to your email address. If you have a need to get a rate quote from a specific insurance company, you can always jump over to their website and submit a quote form there.

Picking an company is decision based upon more than just a low price. Any agent in Chicago should have no problem answering these questions:

Types of auto insurance agents in Chicago

If you’re trying to find a reliable agent, you need to know there are two types of insurance agents and how they can service your needs differently. Chicago agents are considered either exclusive or independent agents depending on their company appointments. Both types of agents can do a good job, but we need to point out the subtle differences since it can impact the type of agent you choose.

Exclusive Car Insurance Agents

Agents of this type generally can only insure with one company like American Family, State Farm, and AAA. They are unable to give you multiple price quotes so they have to upsell other benefits. Exclusive agents receive extensive training on their products and sales techniques which helps them compete with independent agents.

Below are exclusive insurance agencies in Chicago that can give you rate quotes.

4465 N Milwaukee AveChicago, IL 60630(773) 282-1500View Map

2452 W Chicago AveChicago, IL 60622(773) 486-4444View Map

2643 N Harlem AveChicago, IL 60707(773) 637-8547View Map

More Chicago agents

Independent Car Insurance Agents

Agents of this type often have affiliation with several companies and that is an advantage because they can write policies through lots of different companies and find you the best rates. To transfer your coverage to a different company, your agent can switch companies and you don’t have to switch agencies. When comparison shopping, you need to get quotes from at least one independent agent to have the best price comparison.

The following is a short list of independent insurance agents in Chicago willing to provide comparison quotes.

4541 N Lincoln AveChicago, IL 60625(773) 561-4200View Map

1034 N Ashland AveChicago, IL 60622(773) 286-3473View Map

5902 W Fullerton AveChicago, IL 60639(877) 999-2644View Map

More Chicago agents