Save on Honda Civic Insurance in Indianapolis

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Honda Civic insurance rates
Honda Civic insurance rates image courtesy of QuoteInspector.com

Insurance for Honda CivicAnyone knows that auto insurance companies want to prevent you from shopping around. Drivers who get comparison quotes at least once a year will presumably switch car insurance companies because there are good odds of finding a lower-cost company. A recent car insurance study revealed that drivers who compared rates once a year saved approximately $860 a year compared to policyholders who never shopped around for lower prices.

If finding the lowest price on Honda Civic insurance is the reason you're here, then learning a little about how to quote and compare cheaper coverage can help you succeed in finding affordable rates.

The easiest way to get the cheapest Honda Civic insurance in Indianapolis is to do a yearly price comparison from insurance carriers who provide auto insurance in Indiana. Prices can be compared by completing these steps.

  • Step 1: Get a basic knowledge of how companies set rates and the measures you can take to prevent rate increases. Many rating factors that result in higher rates like traffic violations, accidents, and poor credit can be controlled by improving your driving habits or financial responsibility. Keep reading for additional tips to prevent expensive rate increases and find missing discounts.
  • Step 2: Compare rates from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from a single company like GEICO and Allstate, while agents who are independent can quote rates from many different companies.
  • Step 3: Compare the new rates to your existing coverage to see if switching to a new carrier will save money. If you find a lower rate and buy the policy, ensure there is no coverage lapse between policies.
  • Step 4: Notify your company or agent of your decision to cancel your current policy. Submit payment along with a signed and completed policy application for your new policy. As soon as you have the new policy, keep your new proof of insurance paperwork in your vehicle.

The most important part of this process is to compare similar coverage information on every price quote and and to look at as many auto insurance providers as possible. Doing this enables the most accurate price comparison and a complete price analysis.

Finding affordable coverage in Indianapolis seems hard but is not really that difficult. If you have coverage now, you will be able to find the best rates using the techniques presented in this article. But Indiana consumers must learn how big insurance companies determine prices.

All major auto insurance companies make it easy to get coverage price quotes on the web. This process is easy for anyone as you just type in the coverages you want into a form. After you complete the form, the system makes automated requests for your credit score and driving record and gives you a price quote.

This makes it a lot easier to compare rates and it's necessary to compare as many rates as possible if you are searching for the most affordable premium.

If you want to compare rates using this form now, compare quotes from the companies shown below. If you have coverage now, it's recommended you enter your coverages as close as possible to your current policy. Doing this assures you will get an apples-to-apples comparison for exact coverage.

The companies shown below provide comparison quotes in Indianapolis, IN. If multiple companies are listed, it's a good idea that you visit two to three different companies to find the most affordable car insurance rates.

Score discounts on Indianapolis car insurance

Insuring your fleet can be pricey, but companies offer discounts to help bring down the price. Some trigger automatically when you quote, but some must be manually applied before you get the savings. If you're not getting every credit you deserve, you're paying more than you need to.Save money with discounts

  • Seat Belts Save more than Lives - Using a seat belt and requiring all passengers to use their safety belts can save up to 15% off the PIP or medical payment premium.
  • Data Collection Discounts - Drivers who elect to allow driving data collection to spy on where and when they drive by using a small device installed in their vehicle like In-Drive from State Farm and Progressive's Snapshot may see discounts if their driving habits are good.
  • Fewer Miles Equal More Savings - Driving fewer miles can qualify you for lower car insurance rates due to less chance of an accident.
  • Passive Restraint Discount - Cars that have air bags or automatic seat belts can receive discounts of 20 to 30 percent.
  • Defensive Driver Discount - Participating in a course that instructs on driving safety can save you 5% or more if your company offers it.
  • Cautious Driver Discounts - Drivers without accidents can save up to 40% or more on their Indianapolis auto insurance quote than drivers with accidents.
  • Resident Student - College-age children who live away from home to go to college and do not take a car to college may qualify for this discount.

Discounts reduce rates, but you should keep in mind that most of the big mark downs will not be given to the whole policy. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So despite the fact that it appears adding up those discounts means a free policy, you won't be that lucky. But any discount will lower your overall premium however.

The illustration below visualizes the comparison of Honda Civic insurance prices with and without discounts applied to the rates. The data assumes a male driver, no driving violations, no at-fault accidents, Indiana 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, multi-policy, claim-free, marriage, multi-car, and safe-driver discounts applied.

A list of companies and some of the discounts are detailed below.

  • The Hartford offers discounts including defensive driver, bundle, good student, driver training, anti-theft, and air bag.
  • American Family offers discounts for multi-vehicle, defensive driver, Steer into Savings, accident-free, air bags, and mySafetyValet.
  • Progressive policyholders can earn discounts including homeowner, good student, multi-vehicle, multi-policy, and online signing.
  • Travelers discounts include driver training, save driver, student away at school, IntelliDrive, hybrid/electric vehicle, continuous insurance, and early quote.
  • Farmers Insurance includes discounts for bundle discounts, youthful driver, alternative fuel, electronic funds transfer, good student, and early shopping.
  • USAA has savings for military installation, safe driver, vehicle storage, multi-vehicle, annual mileage, and good student.
  • Liberty Mutual offers premium reductions for hybrid vehicle, newly retired, new graduate, multi-car, exclusive group savings, preferred payment discount, and multi-policy.

When quoting, ask every prospective company which discounts you qualify for. Some of the discounts discussed earlier may not apply to policyholders everywhere.

Coverage analysis

The data table below outlines detailed analysis of insurance rates for Honda Civic models. Learning as much as possible about how car insurance prices are calculated can aid in making decisions when shopping your coverage around.

Honda Civic Insurance Rates in Indianapolis, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Civic DX 4-Dr Sedan $130 $282 $380 $22 $114 $928 $77
Civic VP 4-Dr Sedan $130 $334 $380 $22 $114 $980 $82
Civic LX 4-Dr Sedan $130 $334 $380 $22 $114 $980 $82
Civic DX 2-Dr Coupe $130 $334 $474 $28 $142 $1,108 $92
Civic EX 4-Dr Sedan $130 $334 $380 $22 $114 $980 $82
Civic LX-S 4-Dr Sedan $130 $334 $380 $22 $114 $980 $82
Civic LX 2-Dr Coupe $130 $384 $474 $28 $142 $1,158 $97
Civic EX-L 4-Dr Sedan $148 $384 $380 $22 $114 $1,048 $87
Civic SI 4-Dr Sedan $148 $384 $380 $22 $114 $1,048 $87
Civic EX 2-Dr Coupe $148 $384 $474 $28 $142 $1,176 $98
Civic GX 4-Dr Sedan $148 $384 $380 $22 $114 $1,048 $87
Civic EX-L 2-Dr Coupe $148 $384 $474 $28 $142 $1,176 $98
Civic Hybrid 4-Dr Sedan $168 $334 $380 $22 $114 $1,018 $85
Civic SI 2-Dr Coupe $168 $434 $474 $28 $142 $1,246 $104
Get Your Own Custom Quote Go

Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Rate quotes do not factor in specific location information which can raise or lower rates noticeably.

How high should deductibles be?

When shopping for insurance, a common question is where should you set your physical damage deductibles. The tables below help summarize the price difference when you buy lower versus higher coverage deductibles. The first pricing table uses a $250 deductible for physical damage and the second price grid uses a $1,000 deductible.

Honda Civic insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Civic DX 4-Dr Sedan $188 $366 $280 $16 $84 $959 $80
Civic VP 4-Dr Sedan $188 $430 $280 $16 $84 $1,023 $85
Civic LX 4-Dr Sedan $188 $430 $280 $16 $84 $1,023 $85
Civic DX 2-Dr Coupe $188 $430 $350 $20 $106 $1,119 $93
Civic EX 4-Dr Sedan $188 $430 $280 $16 $84 $1,023 $85
Civic LX-S 4-Dr Sedan $188 $430 $280 $16 $84 $1,023 $85
Civic LX 2-Dr Coupe $188 $496 $350 $20 $106 $1,185 $99
Civic EX-L 4-Dr Sedan $216 $496 $280 $16 $84 $1,117 $93
Civic SI 4-Dr Sedan $216 $496 $280 $16 $84 $1,117 $93
Civic EX 2-Dr Coupe $216 $496 $350 $20 $106 $1,213 $101
Civic GX 4-Dr Sedan $216 $496 $280 $16 $84 $1,117 $93
Civic EX-L 2-Dr Coupe $216 $496 $350 $20 $106 $1,213 $101
Civic Hybrid 4-Dr Sedan $244 $430 $280 $16 $84 $1,079 $90
Civic SI 2-Dr Coupe $244 $562 $350 $20 $106 $1,307 $109
Get Your Own Custom Quote Go
Honda Civic insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Civic DX 4-Dr Sedan $116 $230 $280 $16 $84 $726 $61
Civic VP 4-Dr Sedan $116 $270 $280 $16 $84 $766 $64
Civic LX 4-Dr Sedan $116 $270 $280 $16 $84 $766 $64
Civic DX 2-Dr Coupe $116 $270 $350 $20 $106 $862 $72
Civic EX 4-Dr Sedan $116 $270 $280 $16 $84 $766 $64
Civic LX-S 4-Dr Sedan $116 $270 $280 $16 $84 $766 $64
Civic LX 2-Dr Coupe $116 $312 $350 $20 $106 $904 $75
Civic EX-L 4-Dr Sedan $134 $312 $280 $16 $84 $826 $69
Civic SI 4-Dr Sedan $134 $312 $280 $16 $84 $826 $69
Civic EX 2-Dr Coupe $134 $312 $350 $20 $106 $922 $77
Civic GX 4-Dr Sedan $134 $312 $280 $16 $84 $826 $69
Civic EX-L 2-Dr Coupe $134 $312 $350 $20 $106 $922 $77
Civic Hybrid 4-Dr Sedan $152 $270 $280 $16 $84 $802 $67
Civic SI 2-Dr Coupe $152 $352 $350 $20 $106 $980 $82
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Rate quotes do not factor in specific location information which can modify coverage prices greatly.

Based on the data above, we can derive that using a $250 deductible will cost you about $22 more each month or $264 a year than quoting the higher $1,000 deductible. Since you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you normally average at least 34 months between claim filings, you would save money if you decide on a higher deductible.

Price comparison of only insuring for liability

The information below illustrates the difference between Honda Civic insurance rates with full physical damage coverage compared to only buying liability only. The data assumes no accidents, no driving violations, $1,000 deductibles, drivers are single, and no discounts are factored in.

When to drop comp and collision

There is no clear-cut rule that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let's assume your Honda Civic settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $7,000 after paying your policy deductible. If premiums are more than $700 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are some circumstances where eliminating full coverage is not advised. If you still have a lienholder on your title, you have to keep full coverage to satisfy the loan requirements. Also, if you can't afford to buy a different vehicle if your current one is totaled, you should not drop full coverage.

Learn How to Lower Your Insurance Rates

An important part of buying insurance is that you know a few of the rating criteria that go into determining your policy premiums. If you understand what impacts premium levels, this allows you to make educated decisions that can help you get big savings. Many things are taken into consideration when you quote your car insurance policy. Some of the criteria are obvious like an MVR report, but others are less obvious such as whether you are married and annual miles driven.

  • High deductibles lower premiums - Protection for physical damage, aka comp and collision, is used to repair damage to your Honda. A few examples of covered claims could be collision with another vehicle, hitting a deer, or theft. Your deductibles define the amount the insured will be required to pay if a claim is determined to be covered. The more of the claim you choose to pay out-of-pocket, the less your company will charge you for insurance.
  • Extra coverages you don't need - Policies have add-on coverages that may not really be needed but may not be useful. Coverage for things like coverage for rental cars, death and dismemberment, and Farm Bureau memberships are some examples. They may seem good when deciding what coverages you need, but if they're wasting money eliminate the coverages to reduce your premium.
  • Guys pay higher prices - Statistics show women are more cautious behind the wheel. The data does not necessarily mean that males are worse at driving than females. Females and males cause at-fault accidents in similar percentages, but guys cause more damage. In addition to higher claims, males also get higher numbers of serious violations like DWI (DUI) or reckless driving.

    The illustration below shows the comparison of Honda Civic annual premium costs for male and female drivers. The premiums are based on no claims or driving citations, full physical damage coverage, $250 deductibles, marital status is single, and no discounts are applied.

  • Careless drivers pay higher premiums - Your driving citation history can have a huge impact on auto insurance premiums. Attentive drivers get better rates as compared to those with violations. Having a single ticket may cause rates to rise forty percent or more. Drivers who have gotten flagrant tickets like reckless driving, hit and run or driving under the influence may face state-mandated requirements to file a SR-22 to the state department of motor vehicles in order to prevent a license revocation.

    The chart below shows how speeding tickets and accident claims impact Honda Civic insurance premiums for different age groups. Data assumes a married female driver, comp and collision included, $500 deductibles, and no discounts are factored in.

  • Insurance losses for a Honda Civic - Insurance companies include the past claim trends for vehicles when setting rates for each model. Models that have higher prevalence or dollar amount of losses will have increased rates.

    The table shown below demonstrates the compiled insurance loss statistics for Honda Civic vehicles. For each coverage category, the loss probability for all vehicles combined as an average is equal to 100. Values that are below 100 indicate a favorable loss history, while percentage values above 100 indicate frequent claims or an increased likelihood of larger losses.

    Car Insurance Loss Data for Honda Civic Models
    Specific Honda Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Honda Civic 92 105 68 127 135 121
    Honda Civic Hybrid 90 85 106 105 78
    Honda Civic Si 126 97 117 124 104
    BETTER
    AVERAGE
    WORSE

    Empty fields indicate not enough data collected
    Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years