Honda Fit Insurance Rates in Oakland

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The best way we recommend to get more affordable Honda Fit insurance is to start doing an annual price comparison from different companies who can sell car insurance in Oakland.

Step 1: Take a little time to learn about auto insurance and the measures you can control to keep rates low. Many risk factors that are responsible for high rates such as at-fault accidents, careless driving, and poor credit history can be amended by improving your driving habits or financial responsibility. Continue reading for instructions to get low prices and get bigger discounts that may have been overlooked.

Step 2: Get rate quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only provide price estimates from one company like Progressive or State Farm, while independent agents can quote rates for a wide range of insurance providers. Compare rates now

Step 3: Compare the new quotes to your existing coverage and determine if there is any savings. If you find a lower rate and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.

Step 4: Tell your current company of your intent to cancel your existing policy and submit a down payment along with a signed application to the newly selected company. Immediately upon receiving it, keep the new certificate of insurance with your registration paperwork.

One bit of advice is to make sure you're comparing identical limits and deductibles on each quote and and to get price estimates from every insurance company. This ensures an accurate price comparison and a complete rate analysis.

Discount Honda Fit insuranceSmart shoppers know that auto insurance companies want to keep you from shopping around. Insureds who shop around for the cheapest price are likely to switch companies because the odds are good of getting low-cost coverage. Surprisingly, a recent survey revealed that consumers who routinely shopped around saved over $70 a month compared to those who never compared rates.

If finding the cheapest rates on auto insurance in Oakland is why you're here, then having some insight into how to shop for insurance rates can help simplify the task of finding more affordable coverage.

Analysis of Honda Fit rates

The rate information displayed next showcases detailed analysis of insurance rates for Honda Fit models. Having insight into how insurance quotes are calculated can help customers make informed decisions when shopping around for a new policy.

Honda Fit Insurance Rates in Oakland, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fit $302 $632 $300 $18 $90 $1,342 $112
Fit Sport $346 $632 $300 $18 $90 $1,386 $116
Fit Sport VSA $346 $744 $300 $18 $90 $1,498 $125
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Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Premium costs do not factor in the specific area where the vehicle is garaged which can revise prices significantly.

The example below illustrates how your choice of deductibles and can increase or decrease Honda Fit insurance premiums for different age groups. The information is based on a single male driver, full physical damage coverage, and no discounts are applied to the premium.

How accidents and tickets impact rates in Oakland

The illustration below shows how speeding tickets and accident claims raise Honda Fit car insurance rates for each age group. Data assumes a single female driver, full physical damage coverage, $500 deductibles, and no policy discounts are applied.

Honda Fit liability rates compared to full coverage

The chart below visualizes the comparison of Honda Fit auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in California. The rates are based on no claims or violations, $250 deductibles, single status, and no other discounts are factored in.

Should you be buying full coverage?

There is no set guideline to eliminate full coverage, but there is a guideline you can use. If the annual cost of coverage is more than around 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.

For example, let's assume your Honda Fit replacement cost is $4,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $3,000 after the deductible is paid. If it's costing you more than $300 a year for full coverage, the it may be a good time to stop paying for full coverage.

There are a few cases where buying only liability insurance is not in your best interest. If you have an outstanding loan on your vehicle, you have to carry full 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 not drop full coverage.

Don't overlook these six Honda Fit insurance discounts

Insurance is easily one of your largest bills, but you might be missing out on some discounts that can dramatically reduce your bill. A few discounts will automatically apply at quote time, but lesser-known reductions have to be manually applied before you will receive the discount.Insurance discounts

  • No Claim Discounts - Insureds who avoid accidents and claims have much lower rates in comparison with frequent claim filers.
  • Onboard Data Collection - Drivers who elect to allow driving data collection to study driving manner by using a telematic data system such as Progressive's Snapshot may see discounts as long as they are good drivers.
  • Discounts for Seat Belt Usage - Requiring all passengers to use a seat belt can save a little off PIP or medical payments premium.
  • Distant Student - Older children who are attending college without a vehicle on campus could qualify for this discount.
  • Accident Waiver - Not really a discount, but companies like Liberty Mutual and GEICO may permit one accident without the usual rate increase if you are claim-free for a specific time period.
  • Driver Training Discounts - Completing a class that teaches defensive driver techniques could earn you a small percentage discount if your company offers it.

Discounts lower rates, but many deductions do not apply to the whole policy. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. So even though it sounds like you would end up receiving a 100% discount, company stockholders wouldn't be very happy.

The example below visualizes the comparison of Honda Fit auto insurance costs with and without discounts applied. The price estimates are based on a female driver, no claims or driving violations, California state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-policy, multi-car, marriage, and claim-free discounts applied.

Auto insurance companies that possibly offer most of these discounts include:

When comparing rates, check with every insurance company which discounts can lower your rates. Some credits may not apply in Oakland. To see insurance companies with the best discounts in California, follow this link.

Coverage specifics

Knowing the specifics of your insurance policy aids in choosing the best coverages for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Coverage for collisions

Collision coverage covers damage to your Fit from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like sideswiping another vehicle, hitting a mailbox, rolling your car, hitting a parking meter and colliding with a tree. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. You can also choose a higher deductible on your Fit to save money on collision insurance.

Comprehensive auto coverage

This pays for 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 insurance covers claims such as damage from flooding, damage from a tornado or hurricane, fire damage, hitting a deer and damage from getting keyed. The highest amount your insurance company will pay is the actual cash value, so if the vehicle's value is low it's not worth carrying full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered losses include injuries to you and your family and damage to your Honda Fit.

Due to the fact that many California drivers only carry the minimum required liability limits (which is 15/30/5), their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Liability coverages

Liability coverage provides protection from damage or injury you incur to people or other property by causing an accident. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 15/30/5 which means a limit of $15,000 per injured person, a per accident bodily injury limit of $30,000, and $5,000 of coverage for damaged property.

Liability coverage pays for claims such as emergency aid, bail bonds, loss of income, legal defense fees and pain and suffering. How much liability coverage do you need? That is a personal decision, but you should buy as high a limit as you can afford. California state minimum liability requirements are 15/30/5 but you should consider buying better liability coverage.

The next chart shows why buying the state minimum limits may not be enough coverage.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for funeral costs, X-ray expenses, prosthetic devices, hospital visits and doctor visits. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not universally available and gives slightly broader coverage than med pay

Lower rates by being persistent

Low-cost Honda Fit insurance in Oakland can be purchased online as well as from independent agents in Oakland, so you need to shop Oakland auto insurance with both in order to have the best price selection to choose from. Some companies may not offer rate quotes online and usually these regional carriers sell through independent agents.

As you quote Oakland auto insurance, it's very important that you do not buy less coverage just to save a little money. In too many instances, an insured cut collision coverage and learned later they didn't purchase enough coverage. Your objective should be to get the best coverage possible at the best price, but do not sacrifice coverage to save money.

We just presented a lot of tips how to lower your Honda Fit insurance rates in Oakland. The key thing to remember is the more rate comparisons you have, the higher your chance of finding the cheapest Honda Fit rate quotes. You may even find the biggest savings come from an unexpected company.

For more information, take a look at the resources below: