Auto Insurance Rate Quotes for a Honda Pilot in Madison

Unfortunately, about 70% of customers have stayed with the same insurance company for four years or more, and approximately 40% of consumers have never compared rates from other carriers. The average driver in Madison can cut their rates by roughly $370 a year just by getting comparison quotes, but they won’t spend time to do a rate comparison.

Truthfully, the best way to get low-cost car insurance rates is to compare prices once a year from insurers who provide car insurance in Madison. Prices can be compared by following these steps.

Step 1: Gain an understanding of how insurance companies determine prices and the changes you can make to prevent high rates. Many rating criteria that drive up the price such as at-fault accidents, speeding tickets, and poor credit history can be amended by paying attention to minor details.

Step 2: Obtain price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like Progressive or Allstate, while independent agencies can provide prices for a wide range of insurance providers. Compare rates

Step 3: Compare the new rate quotes to the premium of your current policy to see if you can save by switching companies. If you can save money and change companies, verify that coverage does not lapse between policies.

Step 4: Give proper notification to your current agent or company to cancel your current policy. Submit a completed application and payment to the new company. As soon as you can, place the new proof of insurance certificate along with your vehicle registration.

A good piece of advice is that you’ll want to make sure you compare identical coverages on every price quote and to quote with as many companies as possible. This provides a fair price comparison and plenty of rates choose from.

Best companies for competitive Honda Pilot insurance in Wisconsin

The providers in the list below can provide quotes in Wisconsin. To get cheap car insurance in Wisconsin, we suggest you get price quotes from several of them to get a more complete price comparison.

Coverage information

The premium table below outlines estimates of prices for Honda Pilot models. Having a good grasp of how insurance policy rates are determined can help guide drivers when making decisions on which insurance to purchase.

Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Rate quotes do not factor in specific location which can change coverage prices substantially.

Higher deductibles save money

One frequently asked question is which deductible level should you buy. The comparisons below lay out how much more rates are when you select higher and lower comp and collision deductibles. The first rate quote example uses a $100 comprehensive and collision deductible and the second rate table uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Table data does not factor in specific location information which can lower or raise premiums significantly.

Based on the data above, we can derive that using a $100 deductible will cost you approximately $23 more each month or $276 each year than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 39 months between claim filings, you would probably come out ahead if you elect the higher deductible.

The example below demonstrates how choosing different deductibles and can increase or decrease Honda Pilot yearly insurance costs for each age group. The information is based on a married male driver, full coverage, and no policy discounts are applied.

Male drivers versus female drivers

The information below shows the difference between Honda Pilot auto insurance costs for male and female drivers. The premium estimates are based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, drivers are not married, and no discounts are factored in.

Cheaper rates with these seven money saving discounts

Car insurance companies don’t always advertise all their discounts in a way that’s easy to find, so we took the time to find some of the best known and the harder-to-find credits that may apply to you.

• Federal Employees – Federal government employees can earn a discount up to 10% with a few car insurance companies.
• Discount for Swiching Early – A few insurance companies offer discounts for renewing your policy prior to your current Pilot insurance policy expiration. It can save you around 10%.
• Anti-theft System – Vehicles equipped with anti-theft or alarm systems can help prevent theft and therefore earn up to a 10% discount.
• Active Service Discounts – Being on active deployment in the military could qualify you for better rates.
• E-sign – A few insurance companies provide a small discount get Madison car insurance on their website.
• Smart Student Discounts – Maintaining excellent grades may save as much as 25% on a Madison car insurance quote. This discount can apply well after school through age 25.
• Auto/Life Discount – Companies who offer life insurance give a small discount if you purchase a life policy as well.

One thing to note about discounts is that most discounts do not apply to all coverage premiums. Most only cut individual premiums such as physical damage coverage or medical payments. If you do the math and it seems like all those discounts means the company will pay you, it’s just not the way it works.

The chart below visualizes the comparison of Honda Pilot insurance costs 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, Wisconsin state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, marriage, multi-car, claim-free, and homeowner discounts applied.

Some of the larger companies that may have these money-saving discounts may include but are not limited to:

• State Farm
• Esurance
• Progressive
• Liberty Mutual
• Auto-Owners Insurance
• GEICO

It’s a good idea to ask each company or agent which discounts they offer. Discounts may not apply to policies in Madison. To see companies that offer many of these discounts in Wisconsin, click this link.

Will just any policy work for me?

Always remember that when buying your policy, there really isn’t a “best” method to buy coverage. Each situation is unique so this has to be addressed. Here are some questions about coverages that could help you determine if you would benefit from professional advice.

• Do they offer discounts for home and auto coverage?
• Am I covered if I hit a deer?
• Does medical payments coverage apply to all occupants?
• What if I owe more than I can insure my car for?
• Am I covered when delivering products for my home-based business?
• Should I buy more coverage than the required Wisconsin minimum liability coverage?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.

You may need help from an insurance agent

A lot of people would prefer to get professional advice from a licensed agent and that is OK! Insurance agents can answer important questions and help in the event of a claim. The biggest benefit of getting free rate quotes online is that you can find lower rates and still buy from a local agent. And supporting local insurance agencies is definitely important in Madison.

Once you complete this short form, your insurance coverage information is sent to companies in Madison who want to provide quotes and help you find cheaper coverage. You won’t need to contact any agents because prices are sent to you. If you need to get a rate quote from a specific car insurance provider, don’t hesitate to find their quoting web page and complete a quote there.

Types of car insurance agents in Madison

If you want to use a good insurance agency, you must know there are a couple different types of agents and how they can quote your rates. Agencies in Madison may be either independent agents or exclusive agents. Either can sell and service car insurance coverage, but it is a good idea to know how they are different because it can impact your selection of an agent.

Independent Insurance Agents

Independent agents do not have single company limitations so they can write business with any number of different companies and possibly get better coverage at lower prices. If you want to switch companies, they simply switch companies in-house and you won’t have to switch agencies.

If you are comparing car insurance prices, it’s recommended you contact a couple of independent agencies to get the most accurate price comparison.

Shown below are Madison independent agents who may provide pricing information.

More Madison agents

Exclusive Insurance Agencies

Agents that elect to be exclusive can only provide pricing for a single company and some examples include American Family, State Farm, and Allstate. They are unable to provide prices from multiple companies so they really need to provide good service. They are usually well trained on their products and sales techniques which helps offset the inability to provide other markets.

Below are Madison exclusive agents that are able to give price quotes.

More Madison agents

Finding the right auto insurance agent shouldn’t rely on just a low price. Any good agent in Madison should know the answers to these questions.

• Is the agent properly licensed in Wisconsin?
• Does the company have a solid financial rating?
• Does the agent have professional designations like CIC, CPCU or AIC?
• If independent agents, which companies do they recommend?
• Will high miles depreciate repair valuations?
• Will the company cover a rental car if your car is getting fixed?

Auto insurance coverage basics

Knowing the specifics of your policy helps when choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find the usual coverages offered by auto insurance companies.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage gives you protection from other motorists when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and damage to your Honda Pilot.

Due to the fact that many Wisconsin drivers only carry the minimum required liability limits (25/50/10), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Liability coverages

This provides protection from injuries or damage you cause to other people or property by causing an accident. It protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/10 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and property damage coverage for $10,000. Another option is a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like repair bills for other people’s vehicles, emergency aid and repair costs for stationary objects. How much coverage you buy is up to you, but you should buy as much as you can afford. Wisconsin state law requires minimum liability limits of 25/50/10 but it’s recommended drivers buy better liability coverage.

The illustration below shows why buying low liability limits may not be high enough to adequately cover claims.

Comprehensive auto insurance

This covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like hail damage, theft, falling objects and a broken windshield. The maximum amount a auto insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Coverage for medical expenses

Coverage for medical payments and/or PIP kick in for short-term medical expenses like funeral costs, rehabilitation expenses, chiropractic care, dental work and X-ray expenses. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP is not universally available but can be used in place of medical payments coverage

Collision coverage protection

Collision coverage pays for damage to your Pilot resulting from a collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as colliding with another moving vehicle, damaging your car on a curb, sustaining damage from a pot hole and hitting a parking meter. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Drivers also have the option to bump up the deductible on your Pilot to save money on collision insurance.

One last note

While you’re price shopping online, it’s not a good idea to buy lower coverage limits just to save a few bucks. There are many occasions where consumers will sacrifice collision coverage to discover at claim time that it was a big mistake. Your goal is to get the best coverage possible for the lowest cost while still protecting your assets.

In this article, we covered many tips how you can shop for Honda Pilot insurance online. The most important thing to understand is the more rate comparisons you have, the better your comparison will be. Consumers could even find that the lowest rates come from the smaller companies. They can often insure niche markets at a lower cost as compared to the big name companies such as Allstate, GEICO and Progressive.

More resources

• Things to Know Before you Cancel Insurance (Allstate)
• What Car Insurance is Cheapest for Felons in Madison? (FAQ)
• Who Has Cheap Car Insurance for Good Students in Madison? (FAQ)
• Who Has the Cheapest Madison Auto Insurance for Ride Shares? (FAQ)
• How to Avoid Staged Accidents (State Farm)
• Auto Insurance 101 (About.com)