It’s an obvious assumption that car insurance companies don’t want customers comparing rates. People who shop around for the cheapest rate will, in all likelihood, switch companies because of the high probability of finding a cheaper policy. A survey found that drivers who compared rates regularly saved as much as $72 a month compared to people who never shopped around for better prices.
If saving money on car insurance in Honolulu is your objective, then learning about the best way to shop and compare car insurance can help you succeed in saving money.
Truthfully, the best way to find better pricing on auto insurance rates in Honolulu is to compare prices annually from companies in Hawaii. Drivers can shop around by completing these steps.
- It will benefit you to learn about coverages and the measures you can control to prevent rate increases. Many rating factors that increase rates like accidents, traffic violations, and an imperfect credit rating can be controlled by improving your driving habits or financial responsibility.
- Compare price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO or State Farm, while independent agencies can provide rate quotes from multiple sources. Select a company
- Compare the price quotes to your existing policy to see if you can save by switching companies. If you can save some money and decide to switch, make sure there is no coverage gap between policies.
- Give notification to your agent or company of your intent to cancel your current policy and submit a signed application and payment to the newly selected company. Immediately upon receiving it, store the proof of insurance certificate above your visor, in the console, or in the glove compartment.
The most important part of shopping around is to make sure you’re comparing the same amount of coverage on every quote request and and to analyze all possible companies. Doing this guarantees the most accurate price comparison and and a good selection of different prices.
Infiniti EX35 insurance analysis
The premium information displayed next outlines a range of insurance coverage prices for Infiniti EX35 models. Learning a little about how auto insurance prices are established can help guide drivers when making smart choices when purchasing an insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|EX35 AWD Journey||$136||$288||$300||$18||$90||$832||$69|
|Get Your Own Custom Quote Go|
Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Rates do not factor in specific garaging location which can modify price quotes significantly.
The chart below highlights how deductible choice and can influence Infiniti EX35 insurance costs for each different age category. The rates are based on a single female driver, comprehensive and collision coverage, and no additional discounts are factored in.
Comparison of full coverage and liability-only policies
The information below visualizes the comparison of Infiniti EX35 premium costs when comparing full coverage to liability only. The data assumes a clean driving record, no at-fault accidents, $500 deductibles, marital status is single, and no discounts are taken into consideration.
When to buy liability coverage only
There is no clear-cut formula to drop physical damage insurance, but there is a guideline you can use. If the annual cost of coverage is more than about 10% of replacement cost minus your deductible, then it might be time to buy liability only.
For example, let’s assume your Infiniti EX35 claim settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $8,000 after paying your deductible. If you are currently paying more than $800 a year for comprehensive and collision coverage, then it could be time to drop full coverage.
There are some situations where eliminating full coverage is not financially feasible. If you still owe money on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage.
Best auto insurance in Honolulu
Choosing a good quality auto insurance company can be rather challenging considering how many companies there are to choose from in Honolulu. The company information in the next section may help you pick which car insurance providers to look at to insure your vehicles.
Top 10 Honolulu Car Insurance Companies Ranked by Customer Service
- State Farm
- The Hartford
- American Family
- AAA Insurance
- Liberty Mutual
- Farmers Insurance
Learning about specific coverages of car insurance aids in choosing the best coverages for your vehicles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.
Auto liability insurance – Liability coverage will cover damage that occurs to people or other property that is your fault. It protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 20/40/10 which stand for a $20,000 limit per person for injuries, $40,000 for the entire accident, and property damage coverage for $10,000.
Liability coverage protects against claims like attorney fees, repair costs for stationary objects and legal defense fees. The amount of liability coverage you purchase is up to you, but consider buying as much as you can afford. Hawaii state law requires minimum liability limits of 20/40/10 but it’s recommended drivers buy better liability coverage.
The chart below shows why minimum state limits may not be adequate coverage.
Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills such as pain medications, X-ray expenses and rehabilitation expenses. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants in addition to being hit by a car walking across the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage
UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Infiniti EX35.
Since many Hawaii drivers only purchase the least amount of liability that is required (which is 20/40/10), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
Collision – This pays for damage to your EX35 resulting from a collision with another car or object. A deductible applies and then insurance will cover the remainder.
Collision insurance covers things such as sideswiping another vehicle, driving through your garage door, crashing into a building and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. You can also increase the deductible on your EX35 in order to get cheaper collision rates.
Comprehensive auto coverage – This coverage covers damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims like vandalism, rock chips in glass, a tree branch falling on your vehicle, a broken windshield and damage from a tornado or hurricane. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Persistence pays off
People switch companies for a variety of reasons including being labeled a high risk driver, an unsatisfactory settlement offer, extreme rates for teen drivers or even high prices. Whatever your reason, choosing a new company is easier than you think.
Low-cost Infiniti EX35 insurance in Honolulu can be sourced both online and from local agencies, and you need to price shop both to have the best selection. A few companies may not provide the ability to get a quote online and these regional insurance providers only sell coverage through independent insurance agents.
As you quote Honolulu car insurance, it’s very important that you do not skimp on critical coverages to save a buck or two. In many instances, an insured dropped uninsured motorist or liability limits and discovered at claim time that it was a big error on their part. The goal is to buy a smart amount of coverage for the lowest cost, but do not sacrifice coverage to save money.
- When is the Right Time to Switch Car Insurance Companies? (Allstate)
- Who Has the Cheapest Auto Insurance for State Employees in Honolulu? (FAQ)
- Who Has Affordable Car Insurance for Low Mileage Drivers in Honolulu? (FAQ)
- Who Has the Cheapest Car Insurance Rates for a Company Car in Honolulu? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for 16 Year Olds in Honolulu? (FAQ)
- What Car Insurance is Cheapest for a Ford Edge in Honolulu? (FAQ)
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- Auto Theft Statistics (Insurance Information Institute)
- Older Drivers FAQ (iihs.org)