Finding economical coverage for a Honda Pilot in Indiana depends on an enormous amount of rating factors such as your marital status, where you live, and your choice of deductibles. Indiana drivers pay around $861 a year for Pilot insurance, but that figure is an estimation using a 50-year-old single male driver with full coverage and $250 deductibles.
Odds are that you may not be 50 years old (or even male), you might be married instead of single, or maybe you want more liability coverage than is required by law in Indiana. There is no one cookie-cutter policy that works for everyone, so the only way to find cheap insurance rates for your Honda is to do a thorough rate comparison. It takes less than five minutes and you will receive price comparisons from some of the cheapest companies that offer coverage in Indiana.
Your Honda's trim level has an effect on the cost of coverage, so the cost to insure a Pilot LX 2WD model will be $90 less expensive the cost to insure the fancier Pilot Touring 4WD trim level, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Pilot LX 2WD||$186||$310||$318||$18||$94||$926||$77|
|Pilot EX 2WD||$210||$310||$318||$18||$94||$950||$79|
|Pilot EX 4WD||$210||$310||$318||$18||$94||$950||$79|
|Pilot EX-L 2WD||$210||$376||$318||$18||$94||$1,016||$85|
|Pilot EX-L 4WD||$210||$376||$318||$18||$94||$1,016||$85|
|Pilot Touring 2WD||$210||$376||$318||$18||$94||$1,016||$85|
|Pilot Touring 4WD||$210||$376||$318||$18||$94||$1,016||$85|
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Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Estimates do not factor in specific zip code location which can impact auto insurance rates greatly.
Finding out which companies have the most affordable auto insurance rates for a Honda Pilot in Indiana calls for a little more effort in order to find a policy that fits your budget. Each company has a different formula for establishing rates, so let's look at the rankings for the auto insurance companies with the most affordable rates in Indiana.
Best Auto Insurance Prices for Your Pilot
|Rank||Company||Cost Per Year|
|6||Indiana Farmers Mutual||$849|
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Travelers may have some of the best car insurance rates in Indiana at around $620 per year. Cincinnati Insurance, USAA, Erie, and Western Reserve also make the cut as some of the most economical Indiana car insurance companies.
As shown in the rates above, if you are a policyholder with USAA and switched to Travelers, you could see annual savings of roughly $61. Policyholders with Erie might save as much as $106 a year, and Western Reserve policyholders might reduce prices by as much as $226 a year.
These premium estimates are averaged for all insureds and vehicles and and are not figured with a specific rate factor for a Honda Pilot. So the company that can offer you the lowest price may not even be in the list above. That points out the importance of why you need to quote rates from many companies using your own specific driver information and vehicle.
Difference between full coverage and liability only rates
Paying a lower price for auto insurance is probably important to the majority of people, and one of the quickest ways to reduce the cost of insurance for a Honda Pilot in Indiana is to not buy full coverage. The illustration below shows the difference between insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes a clean driving record, no at-fault accidents, $1,000 deductibles, single marital status, and no discounts are applied.
As an overall average, physical damage coverage costs an extra $1,419 per year over and above liability coverage. At some point, every insured wonders when is the right time to remove full coverage. There is no set rule for excluding comp and collision coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.
The illustration below shows how choosing a deductible can affect yearly insurance costs when searching for cheap insurance for a Honda Pilot in Indiana. The prices are based on a married female driver, full physical damage coverage, and no discounts are applied.
The chart above illustrates that a 50-year-old driver could cut expenses by $238 a year by switching from a $100 deductible up to a $500 deductible, or save $360 by choosing a $1,000 deductible. Young drivers, such as the 20-year-old example, can cut as much as $590 or more by using higher deductibles when buying full coverage. When choosing a higher deductible, it will now be necessary to have additional funds in a savings account to enable you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
How to find more affordable auto insurance for a Honda Pilot in Indiana
It is possible to find better rates, and here are some of the recommended thrifty suggestions that can help drivers quote low-cost auto insurance.
- Drive attentively and avoid accidents
- Save money by obeying traffic laws and keeping a clean driving record
- Good credit scores may make rates cheaper
- On older vehicles, drop full coverage
- Safer vehicles generally have cheaper insurance rates
- Increase your deductibles
- Check for cheaper rates once a year
The last idea is very necessary, as we discussed in the prior article. Prices charged by companies change constantly, so don't hesitate to switch to a new company if you can find a cheaper rate. Brand loyalty is great, but it's not a great idea if that devotion results in you overpaying a considerable chunk of change every month. Now is a great time to compare rates and find cheaper auto insurance for a Honda Pilot.