Are you trying to find the cheapest Honda Fit insurance in Detroit? Locating cheaper insurance for a Honda Fit in Michigan can be an all-consuming task, but you can learn our auto insurance buying tips and make it easy.
There are both good and bad ways to shop for auto insurance so you’re going to learn the best way to quote coverages for your Honda and obtain the lowest possible price either online or from Detroit insurance agents.
Consumers should take time to compare prices once or twice a year because insurance prices change frequently. Just because you found the best quotes on Honda Fit insurance in Detroit a few years ago there is a good chance you can find better rates now. There is lot of inaccurate information about Fit insurance online but we’re going to give you some proven techniques to find cheap auto insurance in Detroit.
If you have insurance now or just want to save money, use these money-saving tips to get lower rates without reducing coverage. Comparison shopping for cheaper policy in Detroit can be fairly easy. Shoppers just need to know the least time-consuming way to quote multiple rates from many companies at once.
Best companies for Honda Fit insurance
The companies in the list below have been selected to offer price comparisons in Michigan. To find the best cheap car insurance in MI, we suggest you visit several of them to get the cheapest price.
Coverage information
The price information displayed below showcases different insurance costs for Honda Fit models. Having a better understanding of how insurance prices are established can be of help when making smart policy decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fit | $324 | $710 | $514 | $30 | $154 | $1,732 | $144 |
| Fit Sport | $374 | $710 | $514 | $30 | $154 | $1,782 | $149 |
| Fit Sport VSA | $374 | $838 | $514 | $30 | $154 | $1,910 | $159 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Premium costs do not factor in specific garaging location which can decrease or increase coverage prices greatly.
Can higher deductibles save money?
One of the most common insurance questions is which deductibles should you choose. The comparison tables below may aid in understanding the price difference between low and high physical damage deductibles. The first price estimate table uses a $100 deductible for physical damage and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fit | $518 | $1074 | $456 | $26 | $136 | $2,235 | $186 |
| Fit Sport | $594 | $1074 | $456 | $26 | $136 | $2,311 | $193 |
| Fit Sport VSA | $594 | $1264 | $456 | $26 | $136 | $2,501 | $208 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fit | $378 | $726 | $456 | $26 | $136 | $1,722 | $144 |
| Fit Sport | $434 | $726 | $456 | $26 | $136 | $1,778 | $148 |
| Fit Sport VSA | $434 | $854 | $456 | $26 | $136 | $1,906 | $159 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Price estimates do not factor in specific location which can impact auto insurance rates substantially.
Based on the above data, using a $100 deductible will cost in the ballpark of $46 more each month or $552 every year across all Honda Fit models than choosing the higher $500 deductible. Since you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to have at a minimum 9 months between claims, you would probably come out ahead if you elect the higher deductible.
How to calculate if a higher deductible is a good decision
| Average monthly premium for $100 deductibles: | $196 |
| Average monthly premium for $500 deductibles (subtract): | – $150 |
| Monthly savings from raising deductible: | $46 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $46 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 9 months |
One big caveat is that a higher deductible means you will have to pay more out-of-pocket when you have a comprehensive or collision claim. You need to have enough money in the bank in the event you have to pay the higher deductible in order to repair your vehicle.
Insurance premiums based on gender
The chart below illustrates the comparison of Honda Fit insurance premiums for male and female drivers. The rates are based on no violations or claims, full coverage, $100 deductibles, marital status is single, and no other discounts are factored in.
Cost of full coverage in Detroit
The chart below shows the difference between Honda Fit yearly insurance costs with full physical damage coverage compared to only buying liability only. The premiums assume no violations or accidents, $1,000 deductibles, single marital status, and no discounts are factored in.
Should you pay for full coverage?
There isn’t a written rule for eliminating full coverage, but there is a general guideline. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.
For example, let’s say your Honda Fit book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $2,000 after paying your deductible. If you are paying in excess of $200 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.
There are some cases where removing full coverage is not advised. If you still have a loan on your vehicle, you have to carry full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.
Cut your insurance rates with these nine discounts
Insurance can cost an arm and a leg, but there may be some discounts to cut the cost considerably. Certain discounts will be triggered automatically at quote time, but once in a while a discount must be requested specifically prior to getting the savings.
- Accident Forgiveness Coverage – This one is not really a discount per se, but a handful of insurance companies permit an accident without raising rates so long as you haven’t had any claims for a certain period of time.
- Driver Training Discounts – Taking time to complete a course that instructs on driving safety could earn you a small percentage discount and make you a better driver.
- Life Insurance – Companies who offer life insurance give a discounted insurance rate on car insurance if you buy life insurance.
- Multiple Policy Discount – If you have multiple policies with one insurance company you will save 10% to 20% off each policy.
- Use Seat Belts – Using a seat belt and requiring all passengers to fasten their seat belts could save 15% off the medical payments premium.
- College Student – Any of your kids who are attending college and won’t have access to an insured vehicle may qualify for this discount.
- Military Rewards – Being on active duty in the military may lower your premium rates slightly.
- Anti-theft Discount – Cars, trucks, and SUVs with anti-theft systems are stolen with less frequency and can earn a small discount on your policy.
- Buy New and Save – Adding a new car to your policy is cheaper due to better safety requirements for new model year vehicles.
Policy discounts save money, but some credits don’t apply to the overall cost of the policy. Some only reduce the cost of specific coverages such as collision or personal injury protection. So when the math indicates you can get free auto insurance, nobody gets a free ride.
The example below illustrates the difference between Honda Fit insurance costs with and without discounts applied to the premium. The data is based on a male driver, no claims or driving violations, Michigan state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, multi-policy, homeowner, claim-free, and safe-driver discounts applied.
To choose insurance companies that offer the discounts shown above in Michigan, click here to view.
When do I need to get advice from an agent?
Certain consumers just prefer to talk to an insurance agent and that is just fine! Licensed agents are trained to spot inefficiencies and help file insurance claims. One of the best bonuses of price shopping on the web is you can get lower rates but still work with a licensed agent. Putting coverage with local insurance agents is especially important in Detroit.
To find an agent, once you fill out this simple form, the coverage information is sent to local insurance agents in Detroit that give free quotes to get your business. You never need to search for any insurance agencies because prices are sent to the email address you provide. If you want to get a rate quote from one company in particular, you can always find their quoting web page and give them your coverage information.
Exclusive agents vs. Independent agents
When narrowing the list to find local Detroit agents, you must know there are a couple different types of agencies that you can choose from. Auto insurance policy providers can be described as either exclusive or independent agents depending on their company appointments. Either type can sell auto insurance policies, but it’s good to learn the differences since it could factor into buying decisions.
Independent Auto Insurance Agencies or Brokers
Independent agents are appointed with more than one company and that enables them to quote your coverage with a variety of different insurance companies and get the cheapest rates. If your agent finds better pricing, your policy is moved internally and you stay with the same agent. When shopping rates, you will definitely want to get quotes from a few independent agents to have the most options to choose from. Many write coverage with companies you’ve never heard of that can offer cheaper rates than bigger companies.
Below is a small list of independent insurance agents in Detroit that may be able to give comparison quotes.
- Detroit L.A. Insurance
13545 W Seven Mile Rd – Detroit, MI 48235 – (313) 340-4444 – View Map - Cagwin Insurance Agency
3031 W Grand Blvd #320 – Detroit, MI 48202 – (313) 875-9147 – View Map - Cosby Insurance Agy and Financial Services
10140 W McNichols Rd – Detroit, MI 48221 – (313) 864-3285 – View Map
Exclusive Agents
These type of agents are contracted to one company such as Farmers Insurance, American Family, State Farm and Allstate. They generally cannot shop your coverage around so they have no alternatives for high prices. Exclusive agents are highly trained on their company’s products which helps them compete with independent agents. Consumers sometimes use the same agent mostly because of the brand and the convenience of having a single billing for all their coverages.
The following is a short list of exclusive agencies in Detroit willing to provide rate quotes.
- Tony Massey – State Farm Insurance Agent
15 E Kirby St #112 – Detroit, MI 48202 – (313) 873-3334 – View Map - John Cash – State Farm Insurance Agent
19203 Grand River Ave – Detroit, MI 48223 – (313) 537-1200 – View Map - State Farm – Eric Huffman
3031 W Grand Blvd #568 – Detroit, MI 48202 – (313) 875-3172 – View Map
Picking an car insurance agent should depend on more than just the premium amount. Here are some questions you might want to ask.
- How long have they been in business?
- Will their companies depreciate repairs to your car based on the mileage?
- What insurance company do they write the most business with?
- Can they give you a list of client referrals?
- Are there any hidden costs in their price quote and does it include driving and credit history?
After receiving good answers to any questions you have in addition to an acceptable price estimate, it’s a good possibility that you have found an auto insurance agent that will provide auto insurance coverage. But keep in mind you can always terminate your policy any time you want so don’t feel you’re contractually obligated to any particular company for the full policy term.
The coverage is in the details
Learning about specific coverages of your policy can help you determine which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.
Medical expense coverage – Medical payments and Personal Injury Protection insurance pay for bills for nursing services, ambulance fees, hospital visits, dental work and doctor visits. The coverages can be utilized in addition to your health insurance program or if there is no health insurance coverage. It covers all vehicle occupants in addition to any family member struck as a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay
Uninsured or underinsured coverage – This gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family and also any damage incurred to your Honda Fit.
Since many Michigan drivers only purchase the least amount of liability that is required (Michigan limits are 20/40/10), it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Most of the time these coverages are similar to your liability insurance amounts.
Auto liability insurance – Liability coverage provides protection from damages or injuries you inflict on a person or their property by causing an accident. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 20/40/10 that translate to $20,000 bodily injury coverage, $40,000 for the entire accident, and property damage coverage for $10,000. Alternatively, you may have a combined limit that pays claims from the same limit without having the split limit caps.
Liability coverage protects against things like repair costs for stationary objects, legal defense fees, attorney fees and structural damage. How much liability should you purchase? That is your choice, but you should buy as high a limit as you can afford. Michigan requires minimum liability limits of 20/40/10 but it’s recommended drivers buy more coverage.
The illustration below demonstrates why buying low liability limits may not be high enough to adequately cover claims.
Comprehensive protection – This coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things like rock chips in glass, damage from a tornado or hurricane, damage from getting keyed, damage from flooding and hitting a deer. The highest amount your car insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Collision coverage – This pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision coverage protects against things such as backing into a parked car, hitting a parking meter, colliding with a tree, sustaining damage from a pot hole and crashing into a building. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible on your Fit to get cheaper collision coverage.
A little work can save a LOT of money
You just read a lot of tips how to shop for Honda Fit insurance online. It’s most important to understand that the more quotes you get, the more likely it is that you will get a better rate. You may even be surprised to find that the biggest savings come from the smaller companies.
When shopping online for auto insurance, you should never sacrifice coverage to reduce premiums. There have been many cases where an accident victim reduced liability coverage limits only to regret they didn’t purchase enough coverage. Your objective should be to purchase a proper amount of coverage for the lowest cost, but don’t skip important coverages to save money.
Budget-conscious Honda Fit insurance is possible both online and with local Detroit insurance agents, and you need to price shop both to have the best selection. A few companies may not have online rate quotes and these regional carriers provide coverage only through local independent agencies.
Steps to finding discount Honda Fit insurance in Detroit
If saving the most money is your goal, then the best way to find affordable quotes for auto insurance rates is to regularly compare price quotes from providers who sell insurance in Detroit. Price quotes can be compared by following these guidelines.
- It will benefit you to learn about how companies price auto insurance and the factors you can control to prevent expensive coverage. Many rating criteria that result in higher rates such as accidents, traffic tickets, and a negative credit rating can be controlled by making minor changes in your lifestyle.
- Compare prices from direct, independent, and exclusive agents. Direct and exclusive agents can only give rate quotes from one company like GEICO and Allstate, while independent agents can quote rates from many different companies.
- Compare the price quotes to your existing coverage to see if a cheaper price is available. If you can save money, ensure there is no coverage lapse between policies.
One thing to point out is to make sure you enter similar coverage information on each quote request and and to analyze as many different companies as possible. Doing this ensures a level playing field and many rates to choose from.
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- How Much is Detroit Auto Insurance for Immigrants? (FAQ)
- Who Has Cheap Detroit Car Insurance for Active Military? (FAQ)
- How to Avoid Buying a Flooded Car (Insurance Information Institute)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)