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.

Insurance rates Honda Pilot in GreensboroIf 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.Insurance discounts

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:

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.

Honda Pilot Insurance Rates in Greensboro, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $114 $190 $324 $20 $96 $744 $62
Pilot EX 2WD $128 $190 $324 $20 $96 $758 $63
Pilot EX 4WD $128 $190 $324 $20 $96 $758 $63
Pilot EX-L 2WD $128 $230 $324 $20 $96 $798 $67
Pilot EX-L 4WD $128 $230 $324 $20 $96 $798 $67
Pilot Touring 2WD $128 $230 $324 $20 $96 $798 $67
Pilot Touring 4WD $128 $230 $324 $20 $96 $798 $67
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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.

Honda Pilot insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $214 $318 $250 $14 $74 $895 $75
Pilot EX 2WD $242 $318 $250 $14 $74 $923 $77
Pilot EX 4WD $242 $318 $250 $14 $74 $923 $77
Pilot EX-L 2WD $242 $386 $250 $14 $74 $991 $83
Pilot EX-L 4WD $242 $386 $250 $14 $74 $991 $83
Pilot Touring 2WD $242 $386 $250 $14 $74 $991 $83
Pilot Touring 4WD $242 $386 $250 $14 $74 $991 $83
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Honda Pilot insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $156 $214 $250 $14 $74 $708 $59
Pilot EX 2WD $176 $214 $250 $14 $74 $728 $61
Pilot EX 4WD $176 $214 $250 $14 $74 $728 $61
Pilot EX-L 2WD $176 $262 $250 $14 $74 $776 $65
Pilot EX-L 4WD $176 $262 $250 $14 $74 $776 $65
Pilot Touring 2WD $176 $262 $250 $14 $74 $776 $65
Pilot Touring 4WD $176 $262 $250 $14 $74 $776 $65
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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.

How to determine if a higher deductible is a good idea

Average monthly premium for $100 deductibles: $80
Average monthly premium for $500 deductibles (subtract): – $63
Monthly savings from raising deductible: $17
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $17
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 24 months

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.

Best Auto Insurance Companies in North Carolina
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies

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.