Auto Insurance Rate Quotes for a Honda Insight in Milwaukee

How many times have you told yourself to find the cheapest Honda Insight insurance in Milwaukee? Expensive auto insurance in Milwaukee can overdraw your checking account and possibly require postponing other expenditures. Comparing rates annually is free and is an excellent way to make ends meet.

Shocking but true, the vast majority of drivers have purchased from the same company for at least the last four years, and 38% of customers have never even shopped around for lower-cost coverage. American drivers could save approximately $850 a year just by getting comparison quotes, but most undervalue the big savings they would realize if they switch to a new company.

Since drivers have many companies to choose from that have lower-cost insurance for a Honda Insight in Milwaukee, it can be challenging to choose the best auto insurance provider.

You should make it a habit to check auto insurance prices every six months since insurance prices are adjusted regularly by insurance companies. Even if you got the best deal on Honda Insight insurance in Milwaukee at your last renewal other companies may now be cheaper. You can find a lot of misleading information regarding Insight insurance online but you can learn some of the best techniques to slash your auto insurance rates in Milwaukee.

Low-cost companies for Honda Insight insurance in Wisconsin

The auto insurance companies shown below can provide free rate quotes in Wisconsin. If multiple providers are shown, we suggest you visit two to three different companies to get a more complete price comparison.

Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Rate information does not factor in zip code location which can influence price quotes noticeably.

How high should deductibles be?

A question often asked by Milwaukee drivers is how high should the deductibles for physical damage be. The rates shown below summarize how much more rates are between high and low deductibles. The first data set uses a $250 comprehensive and collision deductible and the second set of rates uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Premium costs do not factor in specific zip code location which can decrease or increase insurance rates noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you roughly $17 more each month or $204 each year than buying the higher $1,000 deductible. Since you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average more than 44 months between claim filings, you would probably be better off if you choose a higher deductible.

Affordable rates by taking advantage of these seven discounts

Car insurance companies don’t always advertise all available discounts in a way that’s easy to find, so below is a list both well-publicized and the more hidden savings tricks you should be using when you buy Milwaukee auto insurance online.

• First Accident Forgiveness – Not a discount per se, but some insurance companies will let one accident slide before they charge you more for coverage if you have no claims for a certain period of time.
• Driver Training Discounts – Passing a course teaching safe driver skills can save you 5% or more and easily recoup the cost of the course.
• Low Mileage Discounts – Driving less can qualify you for lower insurance rates due to less chance of an accident.
• Student Discount for Driver Training – Cut your cost by having your teen driver successfully complete driver’s ed class in high school.
• Passive Restraints – Options like air bags and/or automatic seat belt systems can get savings of 20 to 30 percent.
• Discount for New Cars – Insuring a vehicle that is new can save up to 30% because new vehicles keep occupants safer.
• Switch and Save Discount – Some insurance companies reward drivers for switching companies before your current Insight insurance policy expires. You could save around 10% when you buy Milwaukee auto insurance online.

Consumers should know that some credits don’t apply to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as comp or med pay. Even though it appears all the discounts add up to a free policy, company stockholders wouldn’t be very happy.

If you would like to choose from a list of companies with the best discounts in Milwaukee, follow this link.

Can’t I compare rates from local Milwaukee insurance agents?

Certain consumers just want to get advice from a local agent. An additional benefit of comparing insurance prices online is the fact that drivers can get lower rates but still work with a licensed agent. Buying from local agencies is important especially in Milwaukee.

After filling out this simple form, your insurance data is instantly submitted to local insurance agents in Milwaukee who will return price quotes for your car insurance coverage. There is no need to contact any agents because quoted prices will be sent directly to you. Get lower rates without a big time investment. If you wish to get a price quote from a particular provider, just go to their quote page and give them your coverage information.

Types of car insurance agents in Milwaukee

When narrowing the list to find local Milwaukee agents, it’s helpful to know the different agency structures that you can select. Car insurance policy providers can be categorized as either exclusive or independent (non-exclusive).

Independent Car Insurance Agents (or Brokers)

Independent agencies are not locked into one company so they can quote policies amongst many companies and get you the best rates possible. If they find a cheaper price, the agent simply finds a different carrier which is easy for the insured.

When shopping rates, we highly recommend that you check rates from at a minimum one independent agency so that you have a good selection of quotes to compare.

Below is a small list of independent agents in Milwaukee that may be able to provide pricing information.

More Milwaukee agents

Exclusive Car Insurance Agents

Agents in the exclusive channel have only one company to place business with such as State Farm, Allstate, and Farm Bureau. They generally cannot give you multiple price quotes so they really need to provide good service. Exclusive agencies receive extensive training on their company’s products which helps them compete with independent agents.

Listed below are exclusive agencies in Milwaukee who can help you get price quotes.

More Milwaukee agents

Finding the right car insurance agent requires you to look at more than just the quoted price. The questions below may impact your decision as well.

• If you raise deductibles, how much can you save?
• Which insurance company do they prefer to write with?
• Are they paid to recommend certain coverages?
• Is the agency covered by Errors and Omissions coverage?
• Does the company allow you to choose your own collision repair facility?

After you get satisfactory answers for all questions you ask and an affordable coverage quote, you may have just found an auto insurance agent that can be trusted to adequately provide car insurance. Just be aware that you are entitled to terminate your policy any time you want so don’t feel you are locked into any particular company for the entire policy term.

Specific coverage details

Understanding the coverages of your insurance policy helps when choosing which coverages you need for your vehicles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages offered by insurance companies.

Liability coverages

This coverage provides protection from damages or injuries you inflict on other people or property in an accident. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 25/50/10 that translate to a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $10,000. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims like attorney fees, structural damage, repair bills for other people’s vehicles, bail bonds and funeral expenses. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible. Wisconsin state law requires minimum liability limits of 25/50/10 but you should think about purchasing higher limits.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for surgery, doctor visits, chiropractic care, rehabilitation expenses and pain medications. They are used to fill the gap from your health insurance program or if there is no health insurance coverage. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. PIP is not available in all states but can be used in place of medical payments coverage

Comprehensive (Other than Collision)

Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as damage from flooding, fire damage, hitting a bird, rock chips in glass and falling objects. The highest amount a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision protection

Collision coverage covers damage to your Insight caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as hitting a mailbox, driving through your garage door, colliding with another moving vehicle and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible on your Insight in order to get cheaper collision rates.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as damage to your Honda Insight.

Due to the fact that many Wisconsin drivers only carry the minimum required liability limits (25/50/10 in Wisconsin), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages are set the same as your liability limits.

In Summary

We just covered many ways to shop for Honda Insight insurance online. The key thing to remember is the more rate quotes you have, the better your comparison will be. You may even find the most savings is with an unexpected company. These companies may often insure only within specific states and give better rates than their larger competitors like State Farm, GEICO and Nationwide.

Lower-priced auto insurance in Milwaukee is attainable on the web and with local Milwaukee insurance agents, so you need to shop Milwaukee auto insurance with both in order to have the best chance of saving money. Some auto insurance companies may not offer online quoting and usually these small, regional companies prefer to sell through independent agents.

More tips and info about auto insurance can be found at these sites:

• Credit and Insurance Scores (Insurance Information Institute)
• How Much are Milwaukee Auto Insurance Quotes for a Honda Civic? (FAQ)
• How Much is Car Insurance for Real Estate Agents in Milwaukee? (FAQ)
• Driving in Bad Weather (Insurance Information Institute)
• Side Impact Crash Tests (iihs.org)
• What if I Can’t Find Coverage? (Insurance Information Institute)