Insurance rates Honda Insight in BaltimoreIf shopping for Baltimore car insurance quotes online is new to you, you may be overwhelmed thanks to the incredible selection of online auto insurance companies and websites all claiming to save you money.

Sad but true, a large majority of drivers have been with the same company for more than four years, and nearly the majority have never compared rate quotes at all. Maryland drivers could save themselves as much as $750 a year by just comparing quotes, but they don't know the large savings they would see if they replace their high priced policy.

It's a good idea to quote other rates on a regular basis due to the fact that insurance prices are variable and change quite frequently. Just because you had the best deal on Honda Insight insurance in Baltimore two years ago there is a good chance you can find better rates now. Block out anything you think you know about auto insurance because I'm going to let you in on the secrets to one of the quickest ways to save money, get proper deductibles and limits, all at the lowest rate.

How Your Insight Insurance Costs are Determined

Multiple criteria are used in the calculation when you get your auto insurance bill. Some are obvious like an MVR report, although others are not quite as obvious like your vehicle usage or how safe your car is.

When comparison shopping, there are several ways of comparing rate quotes from auto insurance companies in your area. The recommended way to find the lowest Honda Insight rates consists of obtaining rate quotes online.

When quoting auto insurance, remember that comparing a large number of companies helps locate the best price. Not every company provides price estimates online, so you also need to get prices from those companies as well.

The companies shown below are our best choices to provide free quotes in Baltimore, MD. If multiple companies are listed, we recommend you visit as many as you can to get the cheapest price.

Honda Insight Insurance Rate Estimates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Insight LX $246 $524 $548 $32 $164 $1,514 $126
Insight EX $220 $518 $458 $28 $138 $1,362 $114
Get Your Own Custom Quote Go

Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Premium costs do not factor in specific garaging location which can influence auto insurance rates substantially.

Cost of full coverage

The chart below examines Honda Insight insurance rates with and without full coverage. The rates are based on no claims, a clean driving record, $1,000 deductibles, single male driver, and no discounts are applied to the premium.

When to stop buying full coverage

There is no exact formula to stop paying for physical damage coverage, but there is a general school of thought. If the yearly cost for physical damage coverage is about 10% or more of the settlement you would receive from your company, then you may need to consider dropping full coverage.

For example, let's assume your Honda Insight replacement cost is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $4,000 after paying your policy deductible. If you are paying more than $400 a year to have full coverage, then it's probably a good time to buy liability coverage only.

There are some scenarios where removing full coverage is not recommended. If you haven't satisfied your loan, you must maintain physical damage coverage in order to keep the loan. Also, if you don't have enough money to buy a different vehicle in the even your car is totaled, you should not buy liability only.

Rate comparison of males versus females in Baltimore

The diagram below shows the difference between Honda Insight car insurance costs for male and female drivers. The premiums assume no violations or claims, comp and collision included, $250 deductibles, drivers are single, and no other discounts are factored in.

Auto insurance does more than just protect your car

Despite the potentially high cost of Honda Insight insurance, insuring your vehicle is required in Maryland but it also protects you in many ways.

The benefits of insuring your Insight definitely exceed the price paid, specifically if you ever have a liability claim. According to a recent study, the average American driver is overpaying more than $700 annually so shop around each time the policy renews to make sure the price is not too high.

Cheaper Honda Insight insurance in Baltimore

Some insurance providers do not list the entire discount list in an easy-to-find place, so the list below contains both well-publicized and the harder-to-find savings tricks you should be using when you buy Baltimore car insurance online.Cheaper auto insurance with discounts

A little note about advertised discounts, most of the big mark downs will not be given to the whole policy. Most cut the cost of specific coverages such as medical payments or collision. So even though it sounds like you could get a free auto insurance policy, it's just not the way it works.

Popular auto insurance companies and their possible discounts can be read below.

If you are trying to find inexpensive Baltimore car insurance quotes, ask every company to apply every possible discount. All car insurance discounts might not apply in Baltimore.

Local insurance agents

Some people would prefer to sit down and talk to an agent and that is a personal choice. One of the best bonuses of comparing rate quotes online is that drivers can save money and get lower car insurance rates and still have an agent to talk to. Supporting local insurance agents is especially important in Baltimore.

Once you complete this quick form, your insurance coverage information is immediately sent to local insurance agents in Baltimore who will give you quotes for your business. There is no reason to leave your computer as quotes are delivered straight to your inbox. You can find the lowest rates AND an agent nearby. If you have a need to get a comparison quote for a specific company, you just need to go to their quote page and fill out the quote form the provide.

Choosing the best insurer shouldn't rely on just the premium amount. These are some questions you should get answers to.

Smart consumers save more

As you restructure your insurance plan, never buy lower coverage limits just to save a few bucks. There are many occasions where someone sacrificed liability limits or collision coverage and learned later that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy a smart amount of coverage at the best possible price, but do not skimp to save money.

Consumers leave their current company for a number of reasons such as high rates after DUI convictions, policy non-renewal, questionable increases in premium and even high prices. It doesn't matter why you want to switch finding a new company is not as difficult as it may seem.

Lower-priced Honda Insight insurance in Baltimore can be sourced online and from local agencies, and you need to price shop both to get a complete price analysis. A few companies may not have price quotes online and usually these smaller providers sell through local independent agencies.

Additional detailed information is located in these articles: