Do you want to learn how to find more competitive Honda Civic insurance in Fort Wayne? Did budget coverage turn out to be an overpriced auto insurance policy? Trust us, there are many Fort Wayne drivers thinking the same thing.
A recent NerdWallet.com study revealed that nearly 70% of customers kept their coverage with the same auto insurance company for four years or more, and just under half have never compared rates from other carriers. Most drivers in Indiana could save roughly 55% every year by just shopping around, but most just don’t grasp the big savings they would realize if they moved their coverage to a different company.
People have many insurance companies to purchase coverage from, and even though it’s nice to have a selection, having more insurers makes it harder to compare company pricing for Honda Civic insurance in Fort Wayne.
Determine discounts on Fort Wayne car insurance
The cost of insuring your cars can be expensive, but you may find discounts that could help you make your next renewal payment. Some discounts apply automatically when you purchase, but some must be manually applied before you get the savings.
- Waiver for an Accident – This one is not really a discount per se, but a handful of insurance companies allow you one accident before hitting you with a surcharge if your claims history is clear prior to being involved in the accident.
- Passive Restraints – Vehicles equipped with air bags or motorized seat belts could see savings of 25 to 30%.
- Own a Home – Simply owning a home may trigger a policy discount on car insurance due to the fact that maintaining a home is proof of financial responsibility.
- College Student – Older children who live away from home to go to college and won’t have access to an insured vehicle may qualify for this discount.
- Full Payment Discount – By making one initial payment rather than paying in monthly installments you could save 5% or more.
- Service Members Pay Less – Having a deployed family member could be rewarded with lower premium rates.
- Claim Free – Good drivers with no accidents have much lower rates as opposed to insureds who have frequent claims or accidents.
Don’t be surprised that some credits don’t apply to the overall cost of the policy. Most only reduce specific coverage prices like comp or med pay. Despite the fact that it seems like adding up those discounts means a free policy, companies don’t profit that way.
The information below shows the comparison of Honda Civic insurance costs with and without discounts applied to the policy premium. The premium estimates are based on a female driver, no claims or violations, Indiana state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, multi-car, homeowner, safe-driver, and marriage discounts applied.
To see a list of insurance companies who offer car insurance discounts in Indiana, click here.
To get affordable Honda Civic insurance quotes, there a variety of ways to get quotes from lots of Indiana auto insurance companies. The fastest way to compare Honda Civic insurance prices involves getting comparison quotes online.
Doing online rates comparisons is so easy that it takes the place of having to drive to local Fort Wayne insurance agencies. Quoting Honda Civic insurance online makes this unnecessary unless you want the personal advice of an agent trained in personal lines coverage. It is possible to find lower rates online and have a local agent actually service the policy. Keep in mind that making a lot of price comparisons provides better odds of finding better pricing. Some smaller insurers do not give online rate quotes, so it’s necessary to compare quotes on coverage from those companies, too.
The following companies offer quotes in Fort Wayne, IN. If multiple companies are listed, we suggest you visit several of them in order to find the lowest rates.
Rates and statistics
The price information displayed below highlights detailed analysis of insurance rates for Honda Civic models. Being aware of how insurance policy rates are figured is important for drivers to make smart choices when selecting a policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Civic DX 4-Dr Sedan||$170||$362||$380||$22||$114||$1,048||$87|
|Civic VP 4-Dr Sedan||$170||$428||$380||$22||$114||$1,114||$93|
|Civic LX 4-Dr Sedan||$170||$428||$380||$22||$114||$1,114||$93|
|Civic DX 2-Dr Coupe||$170||$428||$474||$28||$142||$1,242||$104|
|Civic EX 4-Dr Sedan||$170||$428||$380||$22||$114||$1,114||$93|
|Civic LX-S 4-Dr Sedan||$170||$428||$380||$22||$114||$1,114||$93|
|Civic LX 2-Dr Coupe||$170||$492||$474||$28||$142||$1,306||$109|
|Civic EX-L 4-Dr Sedan||$196||$492||$380||$22||$114||$1,204||$100|
|Civic SI 4-Dr Sedan||$196||$492||$380||$22||$114||$1,204||$100|
|Civic EX 2-Dr Coupe||$196||$492||$474||$28||$142||$1,332||$111|
|Civic GX 4-Dr Sedan||$196||$492||$380||$22||$114||$1,204||$100|
|Civic EX-L 2-Dr Coupe||$196||$492||$474||$28||$142||$1,332||$111|
|Civic Hybrid 4-Dr Sedan||$220||$428||$380||$22||$114||$1,164||$97|
|Civic SI 2-Dr Coupe||$220||$556||$474||$28||$142||$1,420||$118|
|Get Your Own Custom Quote Go|
Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Estimates do not factor in vehicle garaging location which can affect rates greatly.
Liability only or full coverage
The chart below shows the difference between Honda Civic annual premium costs when comparing full coverage to state minimum liability only. The data assumes no claims or driving violations, $500 deductibles, single marital status, and no additional discounts are factored in.
Deciding between full coverage and liability only
There is no exact formula to eliminate full coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.
For example, let’s pretend your Honda Civic replacement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $4,000 after paying your policy deductible. If it’s costing in excess of $400 a year for your policy with full coverage, then you might want to think about dropping full coverage.
There are a few cases where dropping full coverage is not in your best interest. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage.
Learn How to Lower Your Insurance Rates
Many factors are taken into consideration when you quote your car insurance policy. A few of the factors are predictable like a motor vehicle report, but some are more obscure such as your marital status or your financial responsibility. Part of the auto insurance buying process is learning the different types of things that go into determining the level of your policy premiums. If you know what influences your rates, this enables informed choices that will entitle you to lower premium levels.
- Comp and collision deductibles are a factor – Physical damage insurance, also called ‘full coverage’, covers damage that occurs to your Honda. Some examples of claims that would be covered are collision with another vehicle, vandalism, and windstorm damage. Physical damage deductibles represent how much money the insured will be required to pay before a claim is paid by your company. The higher the amount you pay before a claim is paid (deductible), the less money you will pay for auto insurance.
- Save money by eliminating add-on coverages – There are a lot of add-on coverages that you can get tricked into buying when buying auto insurance. Add-on coverages like personal injury protection, towing coverage, and membership fees are probably not needed. They may seem good initially, but if you don’t need them get rid of them and save.
Youthful vs. older drivers – Older drivers are shown to be more cautious, cause fewer claims and accidents, and receive fewer citations. Beginning drivers are proven to be easily distracted when driving so they pay higher auto insurance rates.
The chart below uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.
- Is your vehicle theft-ready? – Choosing to buy a car with anti-theft technology or alarm system can get you a discount on your auto insurance. Anti-theft devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help prevent car theft and help bring rates down.
Honda Civic insurance loss statistics – Insurance companies study historical loss data in order to profitably underwrite each model. Models that the data determines to have higher frequency or amount of claims will cost more for specific coverages.
The table below outlines the historical insurance loss data for Honda Civic vehicles. For each insurance policy coverage type, the loss probability for all vehicles, regardless of make or model, is considered to be 100. Values that are 100 or less suggest a positive loss record, while values over 100 point to more claims or a tendency for losses to be larger than average.
Insurance Loss Ratings for Honda Civic Vehicles Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Honda Civic 92 105 68 127 135 121 Honda Civic Hybrid 90 85 106 105 78 Honda Civic Si 126 97 117 124 104BETTERAVERAGEWORSE
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Local Fort Wayne insurance agents
Many drivers still like to talk to a local agent and that is not a bad decision A nice benefit of price shopping on the web is that you can find cheaper prices and still buy from a local agent. Buying from and supporting neighborhood agents is important especially in Fort Wayne.
By using this simple form, the coverage information is instantly submitted to agents in your area who want to provide quotes for your insurance coverage. You never need to visit any agencies because quoted prices will be sent directly to you. You’ll get the best rates AND an agent nearby. If you need to quote rates from a specific insurance company, don’t hesitate to search and find their rate quote page and complete a quote there.
Finding the right insurer is decision based upon more than just the price. These are valid questions to ask:
- Are there any extra charges for paying monthly?
- What insurance company do they write the most business with?
- Does the agency have a good rating with the Better Business Bureau?
- How much experience to they have in personal lines coverages?
- Are you getting all the discounts the company offers?
- How long has their agency been in business in Fort Wayne?
Protect more than your vehicle
Despite the high insurance cost for a Honda Civic in Fort Wayne, maintaining insurance serves an important purpose.
First, just about all states have minimum liability requirements which means it is punishable by state law to not carry specific minimum amounts of liability insurance if you drive a vehicle. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you took out a loan on your Honda Civic, almost all lenders will have a requirement that you carry insurance to guarantee their interest in the vehicle. If the policy lapses, the bank may buy a policy for your Honda at an extremely high rate and force you to pay a much higher amount than you were paying before.
Third, auto insurance preserves your car and your assets. It will also provide coverage for medical bills for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if you are sued as the result of an accident. If your Honda gets damaged, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.
The benefits of carrying adequate insurance definitely exceed the cost, especially if you ever need it. As of last year, the average driver in Indiana is overpaying over $850 per year so you should quote rates once a year at a minimum to make sure the price is not too high.
The most affordable rates come from being thorough
Some insurance companies do not offer rates over the internet and these small, regional companies only sell coverage through local independent agents. Affordable Honda Civic insurance in Fort Wayne can be bought on the web as well as from insurance agents, so you should be comparing quotes from both to have the best selection.
When searching for inexpensive Fort Wayne car insurance quotes, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are a lot of situations where an insured dropped liability coverage limits to discover at claim time that the few dollars in savings costed them thousands. Your objective should be to find the BEST coverage at the best price while still protecting your assets.
Steps to finding affordable Honda Civic insurance in Fort Wayne
Truthfully, the best way to find affordable quotes for Honda Civic insurance is to start comparing prices regularly from insurers in Fort Wayne. This can be done by following these steps.
- Spend some time learning about how your policy works and the changes you can make to keep rates in check. Many policy risk factors that increase rates like distracted driving and an imperfect credit score can be controlled by making minor changes to your lifestyle.
- Request price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from a single company like GEICO or Allstate, while independent agents can give you price quotes from multiple sources.
- Compare the new quotes to your existing rates to determine if you can save on Civic insurance. If you find a lower rate quote and decide to switch, ensure there is no coverage lapse between policies.
The most important part of shopping around is to use identical limits and deductibles on each quote request and and to look at as many car insurance companies as possible. Doing this guarantees a fair rate comparison and plenty of rates choose from.
For more information, feel free to visit these articles:
- How to shop for a safer car (Insurance Institute for Highway Safety)
- How Much are Fort Wayne Auto Insurance Quotes for a Jeep Wrangler? (FAQ)
- How Much is Car Insurance with Multiple Speeding Tickets in Fort Wayne? (FAQ)
- Who Has Affordable Auto Insurance for 16 Year Olds in Fort Wayne? (FAQ)
- Steps to Take After an Auto Accident (Insurance Information Institute)
- No-Fault Auto Insurance Statistics (Insurance Information Institute)