Compare Ford Transit Connect Insurance Rate Quotes in Honolulu

If you want to save money, the best way to get low-cost car insurance rates is to compare quotes annually from insurers who sell insurance in Honolulu. This can be done by following these guidelines.

Step 1: It will benefit you to learn about car insurance and the modifications you can make to lower rates. Many risk factors that drive up the price such as your driving record and a not-so-good credit rating can be improved by making minor driving habit or lifestyle changes. Later in this article we will cover additional tips to get low prices and find hidden discounts.

Step 2: Request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only provide price estimates from one company like Progressive or State Farm, while agents who are independent can provide rate quotes from multiple insurance companies.

Step 3: Compare the quotes to your existing policy to see if switching to a new carrier will save money. If you can save money, make sure there is no lapse in coverage.

One key aspect when comparing rates is that you’ll want to compare similar deductibles and liability limits on every quote request and and to get rates from as many different companies as possible. This guarantees a fair rate comparison and many rates to choose from.

Discount Ford Transit Connect insuranceA recent study revealed that a large majority of auto insurance policyholders have purchased from the same company for at least the last four years, and nearly the majority have never compared auto insurance rates at all. Drivers in Honolulu could save about 40% every year, but they won’t spend time to shop their coverage around.

If you have insurance now or are just looking to switch companies, you can use this information to find the best rates and still have adequate protection. Quoting the lowest cost car insurance coverage in Honolulu is not that difficult. You just need to know the least time-consuming way to shop for car insurance using one simple form.

How Insurance Providers Calculate Ford Transit Connect Insurance Rates

One of the most helpful ways to save on car insurance is to to have a grasp of the rating factors that are used to determine your policy premiums. If you understand what impacts premium levels, this empowers consumers to make smart changes that could help you find lower car insurance prices.

The items below are some of the items utilized by car insurance companies to help set your rate level.

Only buy incidental coverages you need – There are a lot of optional add-on coverages that you can get tricked into buying but may not be useful. Add-on coverages like rental car reimbursement, high-cost glass coverage, and extra equipment coverage may not be needed and are just wasting money. You may think they are a good idea when you first buy your policy, but if they’re wasting money remove them and pocket the money.

Type of car determines base costs – The performance of the car you drive makes a huge difference in the rate you pay. Low performance passenger models generally have the cheapest insurance rates, but the final cost of insurance is determined by many other factors.

The next chart is based on a married male driver age 30, full coverage with $250 deductibles, and no discounts or violations. It compares Ford Transit Connect policy rates compared to other models of vehicles that have a range of risk factors.

Urban areas may pay more – Choosing to live in a small town is a good thing when trying to find low car insurance rates. Drivers who live in large cities regularly have much more traffic and longer commute times. Less people translates into fewer accidents and also fewer theft and vandalism claims.

Insure your auto and home with one company – Lots of insurers apply discounts for people who consolidate policies with them, otherwise known as a multi-policy discount. Discounts can amount to ten percent or more. If you currently are using one company, drivers will still want to shop around to confirm you are receiving the best rates possible.

Don’t get traffic citations – Having just one speeding ticket can bump up the cost by as much as twenty percent. Careful drivers get better prices compared to drivers with tickets. Drivers with flagrant violations like reckless driving or DUI may need to prove financial responsibility with their state in order to legally drive a vehicle.

The information below illustrates how traffic citations and at-fault fender-benders can affect Ford Transit Connect premium costs for different categories of driver ages. The premiums are based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are taken into consideration.

Coverage deductibles are a factor – Comprehensive and collision coverage deductibles tell how much you are required to spend out-of-pocket in the event of a claim. Physical damage insurance, aka comp and collision, covers damage that occurs to your car. Some coverage claims could be colliding with a stationary object, damage caused by hail, and damage from wind. The higher the amount you have to pay, the less your car insurance will be.

Insurance rate breakdown

The information shown below outlines different insurance policy prices for Ford Transit Connect models. Understanding how rates are formulated can be useful when making decisions when choosing a new policy provider.

Ford Transit Connect Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $122 $266 $358 $22 $106 $874 $73
Transit Connect XLT 2WD $122 $266 $358 $22 $106 $874 $73
Get Your Own Custom Quote Go

Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Hawaii minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Rates do not factor in Honolulu location which can decrease or increase coverage prices significantly.

Deductible comparison

One frequently asked question is what deductibles to buy. The premium rates below summarize the differences in price when you buy lower versus higher physical damage deductibles. The first price estimate table uses a $100 deductible for physical damage and the second set of prices uses a $500 deductible.

Ford Transit Connect insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $198 $412 $264 $16 $80 $995 $83
Transit Connect XLT 2WD $198 $412 $264 $16 $80 $995 $83
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Ford Transit Connect insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $144 $278 $264 $16 $80 $782 $65
Transit Connect XLT 2WD $144 $278 $264 $16 $80 $782 $65
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Rates do not factor in zip code location which can decrease or increase premiums substantially.

Using the premium rates above, we can conclude that using a $100 deductible costs approximately $18 more each month or $216 each year than requesting the higher $500 deductible. Since the policyholder would be required to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to average at least 22 months between claim filings, you would more than likely save some money if you opt for a higher deductible. The table below shows the way this calculation is made.

Average monthly premium for $100 deductibles: $83
Average monthly premium for $500 deductibles (subtract): – $65
Monthly savings from raising deductible: $18
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $18
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 22 months

Gender-based car insurance premiums in Honolulu

The illustration below visualizes the comparison of Ford Transit Connect yearly insurance costs for male and female drivers. The premiums are based on a clean driving record, no claims, full physical damage coverage, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

Price comparison of only insuring for liability

The chart below compares Ford Transit Connect insurance prices with full physical damage coverage and with liability coverage only. The costs are based on no claims or driving citations, $500 deductibles, single status, and no discounts are taken into consideration.

When to stop buying full coverage

There is no written rule to eliminate physical damage coverage, but there is a general guideline you can use. If the annual cost of having full coverage is more than 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

For example, let’s say your Ford Transit Connect claim settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $6,000 after the deductible is paid. If it’s costing you more than $600 annually for comprehensive and collision coverage, then you might consider buying liability only.

There are a few situations where eliminating full coverage is not recommended. If you still have a loan on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not opt for liability only.

Verify you’re applying every discount

Some insurance providers don’t always publicize all their discounts in an easy-to-find place, so we researched some of the more common as well as the least known auto insurance savings.Save money with discounts

You can save money using discounts, but most discounts do not apply to the whole policy. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. So when it seems like you would end up receiving a 100% discount, it’s just not the way it works.

The example below shows the comparison of Ford Transit Connect insurance costs with and without discounts applied to the policy premium. The costs are based on a female driver, no violations or claims, Hawaii state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, safe-driver, homeowner, claim-free, and marriage discounts applied.

Companies and a partial list of their discounts can be read below.

If you need affordable Ford Transit Connect insurance quotes, ask all the companies to give you their best rates. Some of the discounts discussed earlier might not be offered on policies in Honolulu.

Find cheaper rates by being thorough

A few companies do not offer online price quotes and many times these regional insurance providers only sell coverage through independent agents. Lower-priced car insurance in Honolulu is attainable online as well as from independent agents in Honolulu, so you should compare both to have the best selection.

As you prepare to switch companies, don’t be tempted to buy lower coverage limits just to save a few bucks. In too many instances, someone sacrificed full coverage only to regret that saving that couple of dollars actually costed them tens of thousands. Your aim should be to buy a smart amount of coverage for the lowest cost, but do not skimp to save money.

Consumers leave their current company for a variety of reasons including denial of a claim, delays in responding to claim requests, an unsatisfactory settlement offer and lack of trust in their agent. It doesn’t matter what your reason, finding a new car insurance company is easier than you think.

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