How long have you put off shopping around for cheaper Honda Insight insurance in Denver? Searching for low-cost insurance for your Honda Insight in Colorado can be a painful process, but you can use a few tricks to save time.
There is a better way to shop for auto insurance so we’re going to tell you the best way to compare rates for a new or used Honda and find the lowest possible price from Denver insurance agents and online providers.
It’s a good habit to compare prices before your next renewal because prices are usually higher with each renewal. Just because you found the best price on Honda Insight insurance in Denver two years ago other companies may now be cheaper. Forget anything you know (or think you know) about auto insurance because I’m going to let you in on the secrets to how to use the internet to find great coverage at a great price.
Discounts mean cheaper rates for Honda Insight insurance in Denver
Companies offering auto insurance don’t always list all possible discounts in a way that’s easy to find, so we took the time to find a few of the more common and the more hidden credits available to lower your premiums when you buy Denver auto insurance online.
- Discounts for Seat Belt Usage – Using a seat belt and requiring all passengers to buckle up may be able to save a few bucks on medical payment and PIP coverage.
- Responsible Drivers – Insureds who avoid accidents may receive a discount up to 45% than their less cautious counterparts.
- Defensive Driving Course – Taking part in a driver safety course could possibly earn you a 5% discount and also improve your driving technique.
- E-sign Discounts – A handful of insurance companies provide a small discount simply for signing digitally online.
- Multiple Vehicles – Buying a policy with primary and secondary vehicles with the same insurance company can reduce rates for all insured vehicles.
- Professional Organizations – Being in a professional or civic organization can get you a small discount on your policy.
- Full Payment Discount – By paying your entire bill at once instead of monthly or quarterly installments you can avoid monthly service charges.
- Discounts for Federal Employees – Federal government employees may reduce rates when you quote Denver auto insurance depending on your company.
As a footnote on discounts, many deductions do not apply to all coverage premiums. Most only reduce specific coverage prices like liability, collision or medical payments. Despite the fact that it seems like adding up those discounts means a free policy, insurance companies wouldn’t stay in business.
If you would like to view insurance companies with significant discounts in Denver, click this link.
Getting cheap insurance pricing can be relatively painless. You just need to take a few minutes to get quotes from different insurance companies.
The companies in the list below can provide price quotes in Denver, CO. If multiple providers are shown, it’s highly recommended you visit several of them to get the best price comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Insight LX | $126 | $282 | $396 | $24 | $118 | $946 | $79 |
| Insight EX | $130 | $282 | $330 | $20 | $98 | $860 | $72 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Rate information does not factor in the specific area where the vehicle is garaged which can lower or raise rates substantially.
Honda Insight liability-only versus full coverage
The diagram below visualizes the comparison of Honda Insight insurance premiums with full coverage and liability only. The price estimates are based on no tickets, no at-fault accidents, $250 deductibles, single male driver, and no other discounts are factored in.
Should you be buying full coverage?
There is no clear-cut rule to stop buying comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is 10% or more of replacement cost minus your deductible, then it might be time to buy liability only.
For example, let’s pretend your Honda Insight claim settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $7,000 after paying your policy deductible. If you are currently paying more than $700 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.
There are some scenarios where eliminating full coverage is not a good idea. If you still have a loan on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not drop full coverage.
You may need help from an insurance agency
A small number of people would rather get professional advice from a licensed agent and that is a personal choice. Professional agents are trained to spot inefficiencies and help in the event of a claim. One of the best bonuses of getting free rate quotes online is the fact that drivers can get cheap auto insurance rates and still buy from a local agent. Buying from and supporting local insurance agents is important especially in Denver.
Upon completion of this form (opens in new window), your insurance coverage information gets sent to companies in Denver that provide free Denver auto insurance quotes for your insurance coverage. There is no need to search for an agent because prices are sent to you. If you need to get a comparison quote for a specific company, feel free to navigate to their website and fill out their quote form.
If you want a reliable insurance agent, you must know there are a couple types of agencies from which to choose. Auto insurance agencies can be classified as either independent or exclusive depending on the company they work for. Either type can do a good job, but it’s a good idea to understand how they differ because it can impact your agent selection.
Independent Auto Insurance Agencies or Brokers
Agents of this type are not required to write business for one company and that enables them to quote your coverage with an assortment of companies and help determine which has the cheapest rates. If you want to switch companies, your agent can just switch to a different company and the insured can keep the same agent. When searching for an agent, we highly recommend that you check rates from several independent agencies for the best price selection. Most have the option of insuring with small mutual carriers which can be an advantage.
Below are independent insurance agents in Denver who may provide pricing information.
- Sorhage and James Insurance
1660 S Albion St # 1005 – Denver, CO 80222 – (303) 759-4551 – View Map - FUSA Insurance Agency
7900 E Union Ave #200 – Denver, CO 80237 – (303) 752-5806 – View Map - Henry Ham Agency, Inc
645 E Evans Ave – Denver, CO 80210 – (303) 744-1341 – View Map
Exclusive Insurance Agents
These type of agents can only place business with one company like Farmers Insurance, State Farm, or Allstate. Exclusive agents cannot provide other company’s prices so they have to upsell other benefits. Exclusive agencies receive extensive training on their company’s products which helps them compete with independent agents. Many people choose to use an exclusive agent mainly due to the brand and the convenience of having all coverages with one company.
Below is a list of exclusive insurance agencies in Denver that are able to give rate quotes.
- Farmers Insurance – Angel Le
1145 S Federal Blvd – Denver, CO 80219 – (303) 975-8911 – View Map - Allstate Insurance: Paul Novak
3900 E Mexico Ave # 105 – Denver, CO 80210 – (303) 320-7859 – View Map - State Farm: Charles Insurance Agency
1165 S Broadway #114 – Denver, CO 80210 – (303) 777-7161 – View Map
Deciding on an car insurance agent requires you to look at more than just the bottom line cost. These are some questions your agent should answer.
- Can they give you a list of client referrals?
- Is the agency involved in supporting local community causes?
- Do they prorate repair cost based on vehicle mileage?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- How many years have they been established?
- Will the company cover a rental car if your car is getting fixed?
- In the event of vehicle damage, can you pick the collision repair facility?
Insurance policy coverages for a Honda Insight
Learning about specific coverages of your policy aids in choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording.
Coverage for collisions
This coverage covers damage to your Insight caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.
Collision can pay for things such as hitting a mailbox, sideswiping another vehicle and scraping a guard rail. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Drivers also have the option to increase the deductible on your Insight to bring the cost down.
Comprehensive coverage
Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against claims such as hitting a bird, falling objects and damage from a tornado or hurricane. The maximum payout your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Uninsured/Underinsured Motorist coverage
This provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.
Because many people have only the minimum liability required by law (which is 25/50/15), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Normally the UM/UIM limits are set the same as your liability limits.
Liability coverages
This coverage provides protection from damage that occurs to other’s property or people. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 25/50/15 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $15,000 for damage to vehicles and property. Some companies may use a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability coverage pays for things like medical services, loss of income, emergency aid and repair costs for stationary objects. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as large an amount as possible. Colorado requires minimum liability limits of 25/50/15 but it’s recommended drivers buy more liability than the minimum.
Medical payments coverage and PIP
Medical payments and Personal Injury Protection insurance reimburse you for bills for hospital visits, doctor visits and nursing services. They are often used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage
Quote. Compare. Save.
Consumers change insurance companies for a variety of reasons including policy cancellation, not issuing a premium refund, delays in responding to claim requests or policy non-renewal. Regardless of your reason for switching companies, finding a new company is easier than you think.
Affordable Honda Insight insurance in Denver is attainable online and with local Denver insurance agents, so get free Denver auto insurance quotes from both of them to get a complete price analysis. There are still a few companies who may not have online quoting and many times these regional carriers prefer to sell through local independent agencies.
Throughout this article, we presented a lot of tips how to reduce Honda Insight insurance rates online in Denver. It’s most important to understand that the more you quote Denver auto insurance, the better chance you’ll have of finding cheaper Denver auto insurance quotes. You may even discover the lowest rates come from some of the lesser-known companies.
Additional detailed information is located in the articles below:
- Teen Driver Statistics (Insurance Information Institute)
- Who Has the Cheapest Denver Car Insurance for Young Drivers? (FAQ)
- Who Has Affordable Denver Auto Insurance Quotes for Low Credit Scores? (FAQ)
- Safe Vehicles for Teens (iihs.org)
- Vehicle Safety Ratings (iihs.org)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Auto Insurance Facts and Statistics (Insurance Information Institute)