Best Honda Fit Insurance in Orlando

Truthfully, the best way to find the cheapest price for car insurance rates in Orlando is to begin comparing prices regularly from companies who sell insurance in Florida.

An important note is to make sure you’re comparing the same amount of coverage on each quote and to quote with as many carriers as you can. This enables an accurate price comparison and a thorough price selection.

Insurance quote for Honda Fit in OrlandoIt’s astonishing, but most drivers renewed their policy with the same company for at least the last four years, and nearly the majority have never even compared rates from other companies. With the average insurance premium being $2,200, Florida drivers could save up to 55% every year just by getting comparison quotes, but most just don’t grasp the actual amount they would save if they switched to a cheaper policy.

Cheapest companies for Honda Fit insurance

The companies in the list below provide price quotes in Florida. In order to find the best cheap auto insurance in Orlando, we recommend you visit two to three different companies to get a more complete price comparison.

Insurance coverage details

The coverage table displayed next highlights different insurance costs for Honda Fit models. Having a good understanding how insurance quotes are established can help guide drivers when making smart choices when buying a policy.

Honda Fit Insurance Rates in Orlando, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fit $268 $668 $312 $18 $94 $1,360 $113
Fit Sport $308 $668 $312 $18 $94 $1,400 $117
Fit Sport VSA $308 $786 $312 $18 $94 $1,518 $127
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Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Price information does not factor in garaging location in Orlando which can affect auto insurance rates substantially.

How high should deductibles be?

When buying auto insurance, a common question is at what level do you set your deductibles. The rates shown below can help show the differences in price between high and low comp and collision deductibles. The first rate quote example uses a $100 comprehensive and collision deductible and the second data table uses a $500 deductible.

Honda Fit insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fit $312 $648 $276 $16 $82 $1,359 $113
Fit Sport $358 $648 $276 $16 $82 $1,405 $117
Fit Sport VSA $358 $764 $276 $16 $82 $1,521 $127
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Honda Fit insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fit $228 $438 $276 $16 $82 $1,040 $87
Fit Sport $262 $438 $276 $16 $82 $1,074 $90
Fit Sport VSA $262 $516 $276 $16 $82 $1,152 $96
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Premium costs do not factor in your specific Orlando location which can affect price quotes substantially.

Based on these figures, using a $100 deductible costs approximately $28 more each month or $336 annually than selecting the higher $500 deductible. Since you would have to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you have more than 14 months between claims, you would probably come out ahead going with the higher deductible.

The example below highlights how deductible selection and can increase or decrease Honda Fit insurance prices for each different age group. The information is based on a married female driver, comp and collision included, and no discounts are factored in.

Rate difference between full and liability-only coverage

The illustration below illustrates the difference between Honda Fit auto insurance rates when comparing full coverage to liability only. The data assumes no violations or claims, $1,000 deductibles, single marital status, and no other discounts are factored in.

Are you wasting money paying for full coverage?

There is no clear-cut formula that is best for determining when to drop physical damage coverage, but there is a broad guideline. If the annual cost of having full coverage is 10% or more of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your Honda Fit replacement cost is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $5,000 after you pay the deductible. If you are paying more than $500 annually for physical damage coverage, then you might consider buying liability only.

There are some circumstances where dropping physical damage coverage is not a good plan. If you still owe money on your vehicle, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Learn How to Get Auto Insurance at a Discount

An important part of buying insurance is that you know the different types of things that go into determining auto insurance rates. When you understand what influences your rates, this enables informed choices that may result in much lower annual insurance costs.

Honda Fit insurance discounts in Orlando

Some insurers don’t always publicize their entire list of discounts very clearly, so we break down a few of the more common and the harder-to-find auto insurance savings.Auto insurance discounts

It’s important to note that some of the credits will not apply to the overall cost of the policy. Most only apply to specific coverage prices like comprehensive or collision. Just because it seems like having all the discounts means you get insurance for free, you aren’t that lucky.

The diagram below compares Honda Fit insurance costs with and without discounts applied to the premium. The premium estimates are based on a female driver, no tickets, no at-fault accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, claim-free, multi-policy, safe-driver, and homeowner discounts applied.

Popular auto insurance companies and a selection of discounts are detailed below.

Before purchasing a policy, check with all the companies what discounts are available to you. Some discounts listed above may not be available in your area. If you would like to view providers who offer free Honda Fit insurance quotes in Orlando, follow this link.

Are auto insurance agents used anymore?

A lot of people still like to buy from a local agent and that is OK! A nice benefit of getting online price quotes is you may find lower rates but also keep your business local. Putting coverage with local insurance agencies is especially important in Orlando.

Find insurance agent in OrlandoTo find an agent, once you fill out this quick form, your insurance data is instantly submitted to agents in your area that give free quotes and help you find cheaper coverage. It’s much easier because you don’t need to leave your computer since rate quotes are delivered immediately to you. You can get cheaper insurance rates and an insurance agent to talk to. If you wish to compare rates for a specific company, don’t hesitate to navigate to their website and give them your coverage information.

Shown below are agents in Orlando that may be willing to give price quote information for Honda Fit insurance in Orlando.

More insurance agents

Choosing an provider requires more thought than just the premium amount. The answers to these questions are important, too.

Your situation helps dictate your coverage

When it comes to choosing the best car insurance coverage for your vehicles, there really isn’t a perfect coverage plan. Everyone’s situation is unique so your insurance should reflect thatHigher deductibles save money
For instance, these questions can help discover whether your personal situation might need professional guidance.

If you can’t answer these questions but a few of them apply, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.

The best insurance company isn’t always the cheapest

We just covered many ideas to compare Honda Fit insurance prices in Orlando. It’s most important to understand that the more providers you compare, the better your chances of lowering your rates. You may even be surprised to find that the biggest savings come from the smaller companies. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as State Farm and Allstate.

A few companies may not provide rates over the internet and most of the time these smaller providers prefer to sell through independent agencies. Lower-priced insurance in Orlando can be found both online and with local Orlando insurance agents, so you should compare both to have the best chance of lowering rates.

As you shop your coverage around, don’t be tempted to buy less coverage just to save a little money. There have been many cases where consumers will sacrifice collision coverage only to regret that it was a big error on their part. Your strategy should be to purchase a proper amount of coverage at an affordable rate, but do not skimp to save money.

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