Best Ways to Save on Oklahoma City Honda Pilot Insurance

It’s shocking but most drivers have bought auto insurance from the same company for more than four years, and approximately 38% of consumers have never even compared rates from other companies. Drivers in Oklahoma could save an average of almost 35% each year, but they just don’t understand the amount of savings they would get if they switched.

The best way to get the cheapest auto insurance rates is to start doing an annual price comparison from providers who sell auto insurance in Oklahoma City.

• Step 1: Take a few minutes and learn about how your policy works and the steps you can take to prevent expensive coverage. Many rating factors that cause high rates such as accidents, careless driving, and poor credit can be eliminated by making minor changes in your lifestyle. This article gives more ideas to get cheaper rates and find discounts that you may qualify for.
• Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can provide rates from a single company like GEICO and Allstate, while independent agents can quote rates for a wide range of insurance providers. View insurance agents
• Step 3: Compare the new quotes to the price on your current policy to see if switching to a new carrier will save money. If you can save money and make a switch, make sure there is no lapse in coverage.
• Step 4: Notify your current company of your intent to cancel your current coverage. Submit a down payment along with a completed application for your new coverage. Once received, keep the new certificate of insurance in an accessible location in your vehicle.

One tip to remember is that you use similar limits and deductibles on every price quote and and to get prices from as many different insurance providers as possible. This helps ensure a fair rate comparison and and a good selection of different prices.

This information will teach you how insurance works and also save some money in the process If you have insurance now, you stand a good chance to be able to shop for the lowest rates using these methods. But Oklahoma car owners can benefit by having an understanding of the way companies sell online because rates fluctuate considerably.

All the larger auto insurance companies provide price estimates from their websites. The process is quite easy as all you need to do is type in your coverage preferences into a form. Once entered, the quote system gets your driving and credit reports and returns a price quote based on many factors.

Getting online rates for Honda Pilot insurance in Oklahoma City makes it simple to compare prices and it’s absolutely necessary to do this if you want to get the cheapest price on auto insurance.

In order to find out how much you can save on auto insurance, compare quotes from the companies shown below. If you have coverage now, it’s recommended you input the insurance coverages exactly as shown on your declarations page. Doing this assures you will have a price comparison for similar insurance coverage.

The companies shown below offer price comparisons in Oklahoma City, OK. If the list has multiple companies, we recommend you get rate quotes from several of them to get the best price comparison.

Auto insurance data for a Honda Pilot

The coverage information shown below outlines a range of rate quotes for Honda Pilot models. Being more informed about how insurance policy rates are formulated helps drivers make decisions when shopping around.

Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Rate quotes do not factor in the specific area where the vehicle is garaged which can alter coverage prices greatly.

Physical damage deductible comparison

One of the hardest decisions when shopping for auto insurance is what deductibles to buy. The comparisons below can help you understand the cost difference when you select higher and lower comp and collision deductibles. The first rate comparisons uses a $100 physical damage coverage deductible and the second price table uses a $500 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Premium costs do not factor in your specific Oklahoma City location which can alter insurance rates greatly.

We can estimate from the data above that using a $100 deductible will cost you roughly $28 more each month or $336 each year than choosing the higher $500 deductible. Due to the fact that you would have to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to have more than 14 months between claim filings, you would come out ahead if you elect the higher deductible.

The illustration below highlights how deductible choice and can raise or lower Honda Pilot insurance rates for different categories of driver ages. The premiums are based on a married female driver, comprehensive and collision coverage, and no other discounts are factored in.

Smart Choices Result in Lower Insurance Premiums

Smart consumers have a good feel for some of the elements that help determine the level of your policy premiums. If you understand what positively or negatively impacts your premiums, this enables informed choices that may result in lower rates. Multiple criteria are taken into consideration when quoting car insurance. Some are pretty understandable like a motor vehicle report, but some are more transparent such as your marital status or your vehicle rating.

• Tickets will cost you – Your driving record has a lot to do with how much you pay for insurance. Just one driving citation can bump up the cost by as much as thirty percent. Careful drivers get better prices as compared to careless drivers. Drivers who have gotten flagrant violations like DUI or willful reckless driving may find that they have to to submit a SR-22 form with their state in order to keep their license.

  The diagram below shows how speeding tickets and fender-benders drive up Honda Pilot yearly insurance costs for different age groups. The rates are based on a married female driver, full physical damage coverage, $100 deductibles, and no discounts are applied.

• Big city or small town – Being located in areas with lower population may provide you with better prices when it comes to auto insurance. City drivers have to deal with much more traffic and longer commutes to work. Fewer drivers and short commutes translates into fewer accidents as well as less vandalism and auto theft.
• Safer occupants lowers prices – Cars with high safety ratings tend to be cheaper to insure. Highly rated vehicles reduce occupant injuries and lower rates of occupant injuries translates into fewer and smaller insurance claims and thus lower rates.
• Deter theft and pay less – Purchasing a vehicle with an alarm system can save you some money. Theft prevention features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop vehicle theft.
• Policy add-ons may be wasting money – Policies have add-on coverages that you can get tricked into buying if you don’t pay attention. Things like replacement cost coverage, death and dismemberment, and membership fees may be wasting your money. They may seem like a good idea initially, but your money might be better spent on other coverage so think about removing them and cutting costs.

• Loss probability for a Honda Pilot – Insurance companies analyze the history of losses when determining insurance rates. Vehicles that are shown to have increased losses will have higher rates. The table below outlines the historical loss data for Honda Pilot vehicles.

  For each coverage category, the statistical loss for all vehicles, as a total average, is represented as 100. Values that are under 100 are indicative of better than average losses, while numbers shown that are more than 100 point to more claims or a tendency for losses to be larger than average.

  
  

  Insurance Loss Ratings for Honda Pilot Vehicles

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Honda Pilot 4dr 2WD	70	96	69	82	82	86
  Honda Pilot 4dr 4WD	79	105	81	88	74	82

  BETTER

  AVERAGE

  WORSE

  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Auto insurance protects more than just your car

Even though it can be expensive, auto insurance serves a purpose in several ways.

• Most states have minimum liability requirements which means you are required to carry a specific level of liability insurance coverage if you want to drive legally. In Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you bought your Honda Pilot with a loan, most lenders will require that you carry insurance to protect their interest in the vehicle. If you do not keep the policy in force, the lender will be forced to insure your Honda at a more expensive rate and force you to reimburse them the higher price.
• Auto insurance preserves both your assets and your Honda Pilot. Insurance will pay for medical bills for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, will also pay for a defense attorney if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay to repair the damage.

The benefits of insuring your car definitely exceed the cost, especially for larger claims. On average, a vehicle owner in Oklahoma City is overpaying over $700 annually so compare rates at every renewal to make sure the price is not too high.