Save on Honda Pilot Insurance in Sacramento

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Honda Pilot insurance cost
Honda Pilot insurance cost image courtesy of QuoteInspector.com

It's an obvious conclusion that insurance companies want to prevent you from shopping around. People who compare rates annually will probably switch to a new company because there is a good chance of finding lower prices. Remarkably, a study showed that consumers who compared price quotes annually saved $3,400 over four years compared to people who never shopped around.

If finding discount rates on insurance in Sacramento is your target objective, knowing how to shop for insurance rates can help simplify the process.

Insurance rates Honda Pilot in SacramentoThe most effective way to find low-cost car insurance rates in Sacramento is to begin comparing prices regularly from companies who can sell car insurance in California. Rate comparisons can be done by completing these steps.

  1. Gain an understanding of the coverage provided by your policy and the changes you can make to lower rates. Many rating criteria that cause high rates like traffic violations, accidents, and an unacceptable credit score can be remedied by being financially responsible and driving safely.
  2. Compare prices from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from one company like Progressive and State Farm, while independent agents can quote prices from multiple sources.
  3. Compare the new rate quotes to your current policy premium to see if you can save by switching companies. If you find a lower rate, make sure there is no lapse in coverage.
  4. Provide adequate notice to your current company to cancel your current auto insurance policy. Submit the completed application along with a down payment to your new agent or company. Immediately put the new certificate verifying proof of insurance in your glove compartment.

The key thing to know about shopping around is to make sure you enter the same physical damage deductibles and liability limits on each quote and and to get price quotes from as many different insurance providers as possible. This helps ensure a level playing field and the best rate selection.

Most larger insurance companies make it easy to get prices for coverage on the web. Doing online price comparisons for Honda Pilot insurance in Sacramento is quite simple as you just type in the amount of coverage you want as detailed in the form. Once you submit the form, their quoting system pulls your driving record and credit report and quotes a price determined by many factors.

Using the web to get price quotes for Honda Pilot insurance in Sacramento makes it easy to compare insurance prices and it is important to get many rate quotes in order to get the cheapest possible prices on car insurance.

To quickly find out how much you can save on car insurance, compare rates now from the companies shown below. If you have a policy now, it's recommended you type in deductibles and limits exactly as shown on your declarations page. Doing this assures you will receive rate comparison quotes based on similar coverages.

The providers in the list below can provide price comparisons in Sacramento, CA. To buy cheaper car insurance in Sacramento, CA, we suggest you compare several of them in order to get a fair rate comparison.

Premium rates and analysis

The coverage table below outlines estimates of insurance policy prices for Honda Pilot models. Learning how prices are determined can benefit drivers when making decisions on which insurance to purchase.

Honda Pilot Insurance Rates in Sacramento, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $262 $392 $416 $24 $124 $1,218 $102
Pilot EX 2WD $296 $392 $416 $24 $124 $1,252 $104
Pilot EX 4WD $296 $392 $416 $24 $124 $1,252 $104
Pilot EX-L 2WD $296 $478 $416 $24 $124 $1,338 $112
Pilot EX-L 4WD $296 $478 $416 $24 $124 $1,338 $112
Pilot Touring 2WD $296 $478 $416 $24 $124 $1,338 $112
Pilot Touring 4WD $296 $478 $416 $24 $124 $1,338 $112
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Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Rate quotes do not factor in specific zip code location which can raise or lower premiums noticeably.

Deductible comparison

When buying insurance, a common question is how high should the deductibles for physical damage be. The rates below may help to illustrate how much more rates are when you buy lower versus higher physical damage deductibles. The first price estimate table uses a $100 deductible for comp and collision and the second set of rates uses a $500 deductible.

Honda Pilot insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $380 $564 $442 $26 $132 $1,569 $131
Pilot EX 2WD $430 $564 $442 $26 $132 $1,619 $135
Pilot EX 4WD $430 $564 $442 $26 $132 $1,619 $135
Pilot EX-L 2WD $430 $686 $442 $26 $132 $1,741 $145
Pilot EX-L 4WD $430 $686 $442 $26 $132 $1,741 $145
Pilot Touring 2WD $430 $686 $442 $26 $132 $1,741 $145
Pilot Touring 4WD $430 $686 $442 $26 $132 $1,741 $145
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Honda Pilot insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $278 $382 $442 $26 $132 $1,260 $105
Pilot EX 2WD $314 $382 $442 $26 $132 $1,296 $108
Pilot EX 4WD $314 $382 $442 $26 $132 $1,296 $108
Pilot EX-L 2WD $314 $464 $442 $26 $132 $1,378 $115
Pilot EX-L 4WD $314 $464 $442 $26 $132 $1,378 $115
Pilot Touring 2WD $314 $464 $442 $26 $132 $1,378 $115
Pilot Touring 4WD $314 $464 $442 $26 $132 $1,378 $115
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Estimates do not factor in specific zip code location which can lower or raise auto insurance rates significantly.

Based on the data above, we can derive that using a $100 deductible costs about $28 more each month or $336 annually across all Honda Pilot models than opting for the higher $500 deductible. Because you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you go more than 14 months between claims, you would most likely save money going with the higher deductible.

How to determine if a higher deductible is a good idea

Average monthly premium for $100 deductibles: $140
Average monthly premium for $500 deductibles (subtract): - $112
Monthly savings from raising deductible: $28
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $28
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 14 months

An important sidenote is that higher deductibles means you will have to pay more out-of-pocket when you file a claim. You should have some funds available in order to pay more for the deductible.

The diagram below highlights how deductible choice and can impact Honda Pilot insurance prices for different age categories. The costs are based on a married female driver, comp and collision included, and no discounts are factored in.

Insurance premiums by gender

The information below illustrates the comparison of Honda Pilot auto insurance rates for male and female drivers. The premiums are based on a clean driving record, no claims, full coverage, $250 deductibles, single marital status, and no discounts are applied to the premium.

Do you need full coverage?

The chart below illustrates the comparison of Honda Pilot auto insurance rates with full coverage compared to only the California minimum liability coverage. The information is based on no claims, a clean driving record, $250 deductibles, marital status is single, and no discounts are factored in.

When to drop comprehensive and collision

There isn't a written rule to exclude comp and collision coverage, but there is a guideline you can consider. If the annual cost of coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.

For example, let's say your Honda Pilot settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $8,000 after the policy deductible has been paid. If premiums are more than $800 a year for your policy with full coverage, then you might consider buying liability only.

There are some conditions where removing full coverage is not in your best interest. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle if your current one is damaged, you should keep full coverage in place.

Why Smart Buyers Pay Less for Honda Pilot Insurance

Many factors are taken into consideration when you get a price on insurance. Some of the criteria are obvious such as your driving history, but other criteria are less obvious like your continuous coverage or how safe your car is.

Low coverage deductibles mean high costs - Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, is used to repair damage to your Honda. Some examples of covered claims are a windshield shattered by a rock, hail damage, and burglary. Comprehensive and collision coverage deductibles are how much you are willing to pay if the claim is covered. The more the insured is willing to pay, the less money you will pay for insurance.

Cautious drivers have lower rates - Being a careful driver has a big impact on rates. Good drivers get better rates as compared to those with violations. Having a single moving violation can bump up the cost by as much as thirty percent. Drivers who get serious citations like reckless driving or DUI may find they need to submit a SR-22 form with their state's department of motor vehicles in order to keep their license.

The diagram below illustrates how speeding tickets and at-fault claims can increase Honda Pilot insurance costs for different age categories. The data assumes a single female driver, comp and collision included, $500 deductibles, and no other discounts are factored in.

Insurance policy lapses increase rates - Letting your insurance expire is a guaranteed way to trigger a rate increase. And not only will insurance be more expensive, not being able to provide proof of insurance could earn you a steep fine or even jail time. You may then have to submit proof of financial responsibility or a SR-22 with the California motor vehicle department.

Do you have enough liability coverage? - Liability coverage kicks in if you are found to be at fault for causing damage or personal injury in an accident. Your policy's liability insurance provides legal defense which can cost a lot. This coverage is relatively inexpensive compared to comp and collision, so drivers should buy more than the minimum limits required by law.

Loss probability for a Honda Pilot - Companies use data from past claims when setting premium rates. Models that historically have higher number or severity of losses will have a higher cost to insure. The information below illustrates the historical loss data for Honda Pilot vehicles.

For each policy coverage, the loss probability for all vehicles, as an average, equals 100. Numbers below 100 suggest losses that are better than average, while values that are above 100 point to more claims or a tendency for claims to be larger.

Honda Pilot Insurance Claim 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 Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Three main reasons to buy auto insurance

Even though it can be expensive, maintaining insurance serves several important purposes.

  • Almost all states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability if you drive a vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If your Honda Pilot has a lienholder, most banks will make it a condition of the loan that you buy full coverage to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Honda at a significantly higher premium and force you to pay for the much more expensive policy.
  • Insurance protects both your assets and your Honda Pilot. It will also pay for hospital and medical expenses for both you and anyone you injure as the result of an accident. Liability insurance will also pay for a defense attorney if someone files suit against you as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, your policy will pay to repair the damage minus the deductible amount.

The benefits of having insurance more than cancel out the cost, particularly for liability claims. According to a recent study, the average American driver is currently overpaying as much as $855 a year so you should quote and compare rates at every renewal to help ensure money is not being wasted.

What is the best auto insurance company in Sacramento?

Picking the highest-rated auto insurance provider can be rather challenging considering how many different insurance companies sell coverage in Sacramento. The information shown next could help you analyze which insurers you want to consider when shopping around.

Top 10 Sacramento Car Insurance Companies Overall

  1. USAA
  2. American Family
  3. AAA of Southern California
  4. State Farm
  5. The Hartford
  6. AAA Insurance
  7. GEICO
  8. The General
  9. Titan Insurance
  10. Progressive

Top 10 Sacramento Car Insurance Companies by A.M. Best Rank

  1. USAA - A++
  2. Travelers - A++
  3. State Farm - A++
  4. GEICO - A++
  5. Esurance - A+
  6. Nationwide - A+
  7. Allstate - A+
  8. Mercury Insurance - A+
  9. Progressive - A+
  10. Titan Insurance - A+