Affordable Rate Quotes for Honda Pilot Insurance in Lexington

Are you tired of trying to find more affordable Honda Pilot insurance in Lexington? Have you finally had enough of sacrificing to keep your car insured? You have the same problem as many other Kentucky consumers.

Discount Honda Pilot insuranceAnyone knows that car insurance companies don’t want customers comparing rates. People who shop around for the cheapest price will presumably buy a new policy because there are good odds of finding discount prices. A recent survey found that drivers who routinely shopped for cheaper coverage saved over $3,500 over four years compared to those who didn’t regularly shop around.

If finding the lowest price on car insurance in Lexington is your objective, then having some insight into how to get price quotes and compare insurance can save money and time.

How to buy lower priced Honda Pilot insurance in Lexington

Really, the only way to get budget car insurance rates in Lexington is to start comparing prices yearly from companies who sell auto insurance in Kentucky. Rates can be compared by completing these steps.

One tip to remember is to use the same deductibles and limits on every price quote and and to get price estimates from as many carriers as you can. Doing this provides a fair rate comparison and a good representation of prices.

Multiple insurers compete for your business, so it can be very hard to choose a provider to discover the definitive lowest price on Honda Pilot insurance in Lexington.

If you currently have a car insurance policy, you should be able to reduce the price you pay using the techniques presented in this article. Buying the cheapest auto insurance in Lexington is easy if you know what you’re doing. But Kentucky vehicle owners can benefit by having an understanding of the methods companies use to determine premium rates and use it to find better rates.

Low Cost car insurance in Lexington, KY

The companies shown below are ready to provide price quotes in Kentucky. In order to find cheaper auto insurance in KY, we suggest you visit two to three different companies in order to find the most competitive rates.

Honda Pilot insurance analysis

The premium information shown below covers different prices for Honda Pilot models. Learning how auto insurance policy rates are established helps drivers make decisions when shopping around.

Honda Pilot Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $216 $346 $306 $18 $92 $978 $82
Pilot EX 2WD $244 $346 $306 $18 $92 $1,006 $84
Pilot EX 4WD $244 $346 $306 $18 $92 $1,006 $84
Pilot EX-L 2WD $244 $422 $306 $18 $92 $1,082 $90
Pilot EX-L 4WD $244 $422 $306 $18 $92 $1,082 $90
Pilot Touring 2WD $244 $422 $306 $18 $92 $1,082 $90
Pilot Touring 4WD $244 $422 $306 $18 $92 $1,082 $90
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Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Prices do not factor in Lexington location which can alter rates noticeably.

Higher deductibles lower rates

One frequently asked question is which deductibles should you choose. The comparisons below summarize the rate fluctuation between low and high comp and collision deductibles. The first data table uses a $100 physical damage coverage deductible and the second data table uses a $500 deductible.

Honda Pilot insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $280 $418 $326 $20 $98 $1,167 $97
Pilot EX 2WD $318 $418 $326 $20 $98 $1,205 $100
Pilot EX 4WD $318 $418 $326 $20 $98 $1,205 $100
Pilot EX-L 2WD $318 $508 $326 $20 $98 $1,295 $108
Pilot EX-L 4WD $318 $508 $326 $20 $98 $1,295 $108
Pilot Touring 2WD $318 $508 $326 $20 $98 $1,295 $108
Pilot Touring 4WD $318 $508 $326 $20 $98 $1,295 $108
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Honda Pilot insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $206 $282 $326 $20 $98 $932 $78
Pilot EX 2WD $232 $282 $326 $20 $98 $958 $80
Pilot EX 4WD $232 $282 $326 $20 $98 $958 $80
Pilot EX-L 2WD $232 $342 $326 $20 $98 $1,018 $85
Pilot EX-L 4WD $232 $342 $326 $20 $98 $1,018 $85
Pilot Touring 2WD $232 $342 $326 $20 $98 $1,018 $85
Pilot Touring 4WD $232 $342 $326 $20 $98 $1,018 $85
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Estimates do not factor in specific location information which can increase or decrease prices substantially.

Using the premium rates above, we can conclude that using a $100 deductible costs approximately $21 more each month or $252 each year than opting for the higher $500 deductible. Because you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to have at a minimum 19 months between claim filings, you would probably be better off if you choose a higher deductible.

Honda Pilot insurance premiums by gender and age

The information below shows the difference between Honda Pilot insurance costs for male and female drivers. The rate quotes are based on no accidents, no driving violations, comp and collision included, $500 deductibles, single marital status, and no discounts are factored in.

Good Decisions Result in Lower Insurance Prices

Many different elements are used in the calculation when you get your auto insurance bill. Some of the criteria are obvious like your driving record, but some are not as apparent such as your marital status or your vehicle rating. It’s important that you understand the rating factors that help determine your policy premiums. If you have some idea of what impacts premium levels, this helps enable you to make changes that can help you get lower car insurance prices.

The items below are a few of the “ingredients” utilized by car insurance companies to help set your rate level.

Drive a fast car, truck or SUV and pay more – The make and model of the car you need to insure makes a huge difference in how high your rates are. The lowest base rates will generally be found on economy passenger models, but many other things help determine your insurance rates.

The chart below assumes a married female driver age 20, full coverage with $100 deductibles, and no discounts or violations. It compares Honda Pilot car insurance rates compared to other vehicles that have different performance rating factors.

File policy claims and pay more – Auto insurance companies in Kentucky provide discounts to policyholders who file claims infrequently. If you tend to file frequent claims, you can expect increased rates or even have your policy non-renewed. Your car insurance is meant to be used in the event of major claims that would cause financial hardship.

Location can impact price – Having an address in less populated areas may provide you with better prices when talking about car insurance. Fewer drivers means a lower chance of having an accident. Residents of big cities have more auto accidents and a longer drive to work. More time behind the wheel means more chance of being in an accident.

Safeguard your assets with liability coverage – Your policy’s liability coverage kicks in in the event that a jury decides you are liable for causing personal injury or damage in an accident. Liability provides you with a defense in court which can cost thousands of dollars. This coverage is relatively inexpensive compared to other policy coverages, so drivers should carry high limits.

Accidents are costly – Having just one ticket may increase your cost by twenty percent. Drivers who don’t get tickets get better prices compared to drivers with tickets. Drivers who have received serious tickets like DUI or willful reckless driving may face state-mandated requirements to maintain a SR-22 to the state department of motor vehicles in order to legally drive a vehicle.

The chart below shows how traffic citations and fender-benders can increase Honda Pilot car insurance rates for different ages of insureds. The costs are based on a single female driver, comp and collision included, $250 deductibles, and no discounts are taken into consideration.

Use one insurance company and save – Lots of insurers allow better rates to insureds that have more than one policy such as combining an auto and homeowners policy. Even if you qualify for this discount already, consumers should still compare other Lexington Pilot insurance rates to help ensure you have the lowest rates.

Drivers with good credit save on car insurance – Your credit rating is likely to be a major factor in calculating your car insurance rates. Consumers who have very good credit scores tend to be more responsible and file fewer claims than drivers with worse credit. If your credit rating could use some work, you could potentially save money when insuring your Honda Pilot by taking the time to improve your credit score.

Honda Pilot insurance loss statistics – Insurance companies factor in historical loss data as a tool for profitable underwriting. Models that tend to have higher frequency or amount of claims will cost more for specific coverages.

The next table shows the insurance loss data used by companies for Honda Pilot vehicles. For each type of coverage, the claim amount for all vehicles, without regard to make or model, equals 100. Numbers shown that are under 100 are indicative of better than average losses, while numbers shown that are more than 100 indicate a higher chance of having a claim or a tendency for claims to be larger.

Car Insurance Loss Data for Honda Pilot Models
Specific Honda 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

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Lexington insurance discounts for a Honda Pilot

The price of auto insurance can be rather high, but discounts can save money and there are some available that many consumers don’t even know exist. Some discounts will apply when you quote, but a few must be specifically requested before being credited.Save money with discounts

Consumers should know that many deductions do not apply to the overall cost of the policy. Most only apply to individual premiums such as physical damage coverage or medical payments. Even though it may seem like adding up those discounts means a free policy, that’s just not realistic.

The chart below visualizes the comparison of Honda Pilot insurance premiums with and without discounts applied to the policy rates. The information is based on a male driver, a clean driving record, no at-fault accidents, Kentucky state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, multi-policy, marriage, safe-driver, and multi-car discounts applied.

Large car insurance companies and some of the premium reductions they offer are shown below.

When quoting, ask all the companies which discounts you qualify for. All car insurance discounts may not apply in your area. To see car insurance companies with discount rates in Kentucky, click here to view.

Independent or exclusive car insurance agents

A small number of people just want to sit down with an agent and that can be a smart move One of the best bonuses of getting free rate quotes online is you may find better rates and still have an agent to talk to. Buying from and supporting local agencies is important especially in Lexington.

Insurance agents in LexingtonTo find an agent, once you fill out this simple form, the quote information is transmitted to agents in your area who will return price quotes and help you find cheaper coverage. There is no reason to find an agent on your own because prices are sent to your email. You’ll get the best rates AND an agent nearby. If you wish to quote rates from a particular provider, don’t hesitate to go to their quote page and complete a quote there.

When researching a reputable insurance agent or broker, it’s important to understand the different types of agents that differ in how they can insure your vehicles. Insurance agencies in Lexington can be described as either independent agents or exclusive agents depending on their employer.

Independent Car Insurance Agents (or Brokers)

Agents in the independent channel are not locked into one company and that enables them to quote your coverage with lots of companies enabling the ability to shop coverage around. If premiums increase, they can switch companies in-house and the insured can keep the same agent. When comparing car insurance rates, we highly recommend that you contact independent agents in order to compare the most rates.

Below are independent agencies in Lexington that may be able to give you free rate quotes.

133 Walton AveLexington, KY 40508(859) 233-7855View Map

989 Governors LnLexington, KY 40513(859) 277-8877View Map

3008 Atkinson AveLexington, KY 40509(859) 273-1549View Map

More Lexington agents

Exclusive Insurance Agencies

Exclusive insurance agents can only provide pricing for a single company like Allstate, Farmers Insurance or State Farm. They are unable to shop your coverage around so they have no alternatives for high prices. Exclusive agents are usually well trained in insurance sales and that enables them to sell even at higher rates.

Shown below are Lexington exclusive agents that are able to give rate quotes.

138 E Reynolds Rd #102Lexington, KY 40517(859) 273-7373View Map

121 Prosperous Pl Ste 11ALexington, KY 40509(859) 271-2277View Map

1050 Chinoe Rd #100Lexington, KY 40502(859) 264-0246View Map

More Lexington agents

Choosing an insurance agency requires you to look at more than just a low price. The following questions are important to ask.

If you receive acceptable answers for all questions you ask and affordable Honda Pilot insurance rates in Lexington quotes, you may have just found a car insurance agent that is reliable enough to properly insure your vehicles. But remember, policyholders can cancel your policy whenever you want so don’t feel that you are obligated to the car insurance policy with no way out.

Everyone needs different insurance coverages

When quoting and comparing coverage for your personal vehicles, there isn’t really a cookie cutter policy. You are unique and a cookie cutter policy won’t apply.Drive safe and save
For instance, these questions can aid in determining if your insurance needs could use an agent’s help.

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.

Smart consumers save more

We just covered many ideas to find lower-cost Honda Pilot insurance in Lexington. The most important thing to understand is the more times you quote, the higher your chance of finding affordable Honda Pilot insurance quotes. Consumers could even find that the lowest prices are with the least-expected company. Regional companies often have lower rates on specific markets compared to the large companies like Allstate and Progressive.

Budget-conscious Honda Pilot insurance can be bought from both online companies as well as from independent agents in Lexington, and you should compare price quotes from both in order to have the best price selection to choose from. Some insurance companies may not have online quoting and most of the time these smaller companies provide coverage only through local independent agents.

When shopping online for car insurance, it’s not a good idea to buy lower coverage limits just to save a few bucks. Too many times, someone dropped liability limits or collision coverage only to find out they didn’t have enough coverage. Your objective should be to get the best coverage possible at the best cost, but do not skimp to save money.

Steps to finding affordable Honda Pilot insurance in Lexington

The best way to find cheaper prices for auto insurance rates in Lexington is to annually compare prices from companies in Kentucky. You can compare rates by following these guidelines.

  1. Spend some time learning about the different coverages in a policy and the changes you can make to lower rates. Many rating criteria that are responsible for high rates such as speeding and a substandard credit history can be rectified by making minor changes in your lifestyle.
  2. Quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can provide rates from one company like GEICO and State Farm, while independent agencies can provide prices for many different companies.
  3. Compare the quotes to the price on your current policy and determine if there is any savings. If you can save some money and switch companies, make sure there is no coverage gap between policies.
  4. Notify your current company to cancel your current policy. Submit the completed application along with a down payment for your new policy. Don’t forget to keep the new certificate verifying coverage in an easily accessible location in your vehicle.

A valuable tip to remember is that you’ll want to make sure you compare the same coverage limits and deductibles on each quote and and to analyze all possible companies. This enables a level playing field and the best price quote selection.

More information can be found at the links below