Honda Pilot Insurance Rate Quotes in Greensboro

A recent study showed that nearly 70% of drivers have bought insurance from the same company for four years or more, and almost half have never shopped around. Many drivers in Greensboro could pocket nearly 10% a year by just comparing rate quotes, but they just assume it takes a lot of time to find lower-cost rates by getting comparison quotes.

If your goal is the lowest price, then the best way to save money on Honda Pilot insurance in Greensboro is to regularly compare price quotes from insurance carriers in North Carolina.

Step 1: Gain an understanding of what coverages are included in your policy and the changes you can make to prevent high rates. Many risk factors that drive up the price like inattentive driving and an imperfect credit score can be rectified by being financially responsible and driving safely. This article provides more details to help prevent high rates and find discounts that you may qualify for.

Step 2: Quote rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can provide rates from one company like GEICO and State Farm, while independent agencies can quote rates from multiple companies.

Step 3: Compare the new rates to your current policy premium and determine if there is any savings. If you can save money and decide to switch, make sure coverage does not lapse between policies.

A good tip to remember is that you’ll want to make sure you compare similar limits and deductibles on each price quote and and to get prices from all possible companies. This provides an apples-to-apples comparison and a complete price analysis.

The companies shown below are ready to provide quotes in Greensboro, NC. If you wish to find the cheapest car insurance in NC, it’s highly recommended you visit two to three different companies in order to get a fair rate comparison.

Greensboro insurance discounts

The cost of insuring your cars can be expensive, but you might be missing out on some discounts that could help you make your next renewal payment. Certain discounts will be triggered automatically at quote time, but lesser-known reductions have to be asked about prior to getting the savings.

• 55 and Retired – If you qualify as a senior citizen, you can possibly qualify for better insurance rates.
• Discount for Multiple Policies – If you have multiple policies with one insurance company you may earn at least 10 to 15 percent or more.
• Military Discounts – Having a deployed family member can result in better rates.
• Pay Early and Save – By making one initial payment instead of monthly or quarterly installments you can avoid monthly service charges.
• Home Ownership Discount – Simply owning a home can save you money because it demonstrates responsibility.
• Seat Belts Save more than Lives – Drivers who require all occupants to wear their seat belts can save 10% or more off PIP or medical payments premium.
• No Charge for an Accident – Not a discount per se, but a handful of insurance companies permit an accident before your rates go up if you have no claims prior to being involved in the accident.

One thing to note about discounts is that most credits do not apply to all coverage premiums. Most only cut individual premiums such as liability and collision coverage. So when the math indicates all those discounts means the company will pay you, it just doesn’t work that way.

The information below illustrates the difference between Honda Pilot insurance rates with and without discounts. The rates are based on a male driver, a clean driving record, no claims, North Carolina state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, marriage, homeowner, multi-policy, and safe-driver discounts applied.

Car insurance companies who might offer some of the discounts shown above include:

• American Family
• Farm Bureau
• State Farm
• Travelers
• The Hartford
• GEICO
• Progressive

When getting a coverage quote, ask all the companies which discounts they offer. Depending on the company, some discounts may not apply to policyholders in Greensboro. To view companies that have a full spectrum of discounts in North Carolina, click here.

Analysis of Honda Pilot rates

The table displayed below covers a range of rate quotes for Honda Pilot models. Having insight into how auto insurance policy rates are established can help guide drivers when making decisions when choosing a new policy provider.

Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Price information does not factor in the specific area where the vehicle is garaged which can decrease or increase price quotes noticeably.

Physical damage deductible comparison

The hardest decision when buying coverage is how high should the physical damage deductibles be. The comparison tables below outline the cost difference when you buy lower versus higher physical damage coverage deductibles. The first price estimate table uses a $100 deductible for physical damage and the second price table uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Estimates do not factor in specific location which can change rates substantially.

Based on the data above, we can derive that using a $100 deductible will cost you about $17 more each month or $204 each year than choosing the higher $500 deductible. Since you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you normally go at a minimum 24 months between claims, you would most likely save money if you decide on a higher deductible.

One thing to be aware of is that higher deductibles means you will have to pay more out-of-pocket when you do file a claim. You need to have enough money put aside in order to pay more for the deductible.

Impact of careless driving on auto insurance rates

The information below demonstrates how traffic citations and at-fault fender-benders influence Honda Pilot insurance premiums for different age groups. Data assumes a single female driver, full physical damage coverage, $500 deductibles, and no discounts are taken into consideration.

Age, gender, and Honda Pilot insurance

The diagram below shows the difference between Honda Pilot auto insurance rates for male and female drivers. The premium estimates are based on no driving violations, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, single marital status, and no discounts are factored in.

Full coverage versus liability only rates

The illustration below shows the comparison of Honda Pilot auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no accidents or driving violations, $100 deductibles, single marital status, and no policy discounts are applied.

Should you buy full coverage or liability only?

There isn’t a written rule for eliminating full coverage, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s assume your Honda Pilot replacement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $6,000 after the policy deductible has been paid. If you are paying in excess of $600 a year for full coverage, then it might be time to consider dropping full coverage.

There are some cases where dropping full coverage is not a good idea. If you still have a loan on your vehicle, you are required to maintain full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not buy liability only.

Best auto insurance company in North Carolina

Picking the best insurance provider is difficult considering how many companies are available to choose from in Greensboro. The company rank data in the lists below could help you analyze which auto insurance companies you want to consider shopping your coverage with.

How Car Insurance Companies Calculate Honda Pilot Insurance Premiums

Many factors are part of the calculation when quoting car insurance. Some of the criteria are obvious such as your driving history, but other criteria are more transparent like your continuous coverage or your commute time. One of the most helpful ways to save on insurance is to to have a grasp of the factors that play a part in calculating insurance rates. If you know what determines base rates, this allows you to make educated decisions that could result in better insurance rates.

The itemized list below are some of the items used by your company to calculate your rate level.

• Low comp and collision deductibles can be expensive – The deductibles represent how much money the insured will be required to pay if you file a covered claim. Physical damage protection, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Some examples of covered claims would be a windshield broken by a bird, hail damage, and damage caused by road hazards. The more the insured has to pay upfront, the bigger discount you will receive.
• Never allow your coverage to lapse – Driving your car without having proper coverage can get you a ticket and you will pay a penalty because you let your coverage have a gap. Not only will rates go up, the inability to provide proof of insurance might get you a revoked license or a big fine.

• Teenage drivers are expensive to insure – More experienced drivers are viewed as being more responsible, tend to file fewer claims, and receive fewer citations. Beginning drivers are known to be more careless with other occupants in the car and because of this, their insurance rates are much higher.

  The data below assumes a single driver, full coverage with $100 deductibles, and no discounts or violations.

• Performance makes a difference – The make and model of the car or truck you need insurance for makes a substantial difference in your car insurance bill. The lowest premiums will normally be found when insuring lower performance four cylinder passenger cars, but other factors influence the final cost greatly.

  The data below is based on a married male driver age 20, full coverage with $100 deductibles, and no discounts or violations. It illustrates Honda Pilot insurance rates compared to other vehicles that have a range of performances.

• Infrequent drivers can save – Driving more miles every year the higher your rate. Almost all companies calculate rates partially by how you use the vehicle. Vehicles used primarily for pleasure use cost less to insure than vehicles that have high annual mileage. It’s always a good idea to double check that your vehicle rating states annual mileage, because it can save money. A policy that improperly rates your Pilot is throwing money out the window.

• Loss probability for a Honda Pilot – Auto insurance companies use claims history in order to profitably underwrite each model. Vehicles that tend to have a trend towards higher claims will have higher premium rates. The next table shows the insurance loss data used by companies for Honda Pilot vehicles.

  For each type of coverage, the claim probability for all vehicles, regardless of manufacturer or model, is represented as 100. Numbers shown that are under 100 suggest a positive loss record, while numbers that are greater than 100 indicate a higher chance of having a claim or statistically larger losses.

  
  

  Honda Pilot Insurance Loss Statistics

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Honda Pilot 4dr 2WD	70	96	69	82	82	86
  Honda Pilot 4dr 4WD	79	105	81	88	74	82

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years