How to Save on Honda Pilot Insurance in Laredo

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It's an obvious statement that auto insurance companies don't want you comparing rates. Insureds who shop around are highly likely to buy a different policy because the odds are good of finding a cheaper policy. A survey found that consumers who regularly compared price quotes saved $860 a year compared to people who never shopped around.

If finding the lowest rates on Honda Pilot insurance in Laredo is the reason for your visit, then having an understanding of how to get free comparison quotes and analyze car insurance can save time, money, and frustration.

Discount Honda Pilot insuranceThe preferred way to get the cheapest car insurance rates is to compare prices annually from insurers who sell auto insurance in Laredo.

  • Step 1: Read and learn about what is in your policy and the measures you can take to prevent expensive coverage. Many rating factors that are responsible for high rates like your driving record and a bad credit rating can be improved by making minor changes in your lifestyle. Keep reading for additional ideas to find cheap prices and find additional discounts.
  • Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can give quotes from one company like GEICO and Allstate, while agents who are independent can provide price quotes for many different companies.
  • Step 3: Compare the new rate quotes to your existing rates and see if there is a cheaper rate. If you can save money and buy the policy, make sure there is no coverage gap between policies.
  • Step 4: Give notification to your current company to cancel your current auto insurance policy and submit the signed application along with the required initial payment to your new insurance company. Be sure to keep your new certificate verifying proof of insurance in an accessible location in your vehicle.

An important part of this process is to use similar limits and deductibles on each quote and and to get prices from all possible companies. Doing this ensures a level playing field and the best rate selection.

Honda Pilot insurance charts and tables

The table shown below showcases estimates of coverage costs for Honda Pilot models. Having insight into how policy premiums are calculated is important for you to make smart choices when buying a policy.

Honda Pilot Insurance Rates in Laredo, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $208 $256 $500 $30 $150 $1,144 $95
Pilot EX 2WD $234 $256 $500 $30 $150 $1,170 $98
Pilot EX 4WD $234 $256 $500 $30 $150 $1,170 $98
Pilot EX-L 2WD $234 $312 $500 $30 $150 $1,226 $102
Pilot EX-L 4WD $234 $312 $500 $30 $150 $1,226 $102
Pilot Touring 2WD $234 $312 $500 $30 $150 $1,226 $102
Pilot Touring 4WD $234 $312 $500 $30 $150 $1,226 $102
Get Your Own Custom Quote Go

Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Estimates do not factor in Laredo location which can modify auto insurance rates noticeably.

Deductible comparison

When shopping for car insurance, a common question is where should you set your physical damage deductibles. The rates below can help show how much more you'll pay when you buy lower versus higher deductibles. The first rate comparisons uses a $100 deductible and the second price table 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 $328 $486 $382 $22 $114 $1,357 $113
Pilot EX 2WD $370 $486 $382 $22 $114 $1,399 $117
Pilot EX 4WD $370 $486 $382 $22 $114 $1,399 $117
Pilot EX-L 2WD $370 $592 $382 $22 $114 $1,505 $125
Pilot EX-L 4WD $370 $592 $382 $22 $114 $1,505 $125
Pilot Touring 2WD $370 $592 $382 $22 $114 $1,505 $125
Pilot Touring 4WD $370 $592 $382 $22 $114 $1,505 $125
Get Your Own Custom Quote Go
Honda Pilot insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $240 $328 $382 $22 $114 $1,086 $91
Pilot EX 2WD $270 $328 $382 $22 $114 $1,116 $93
Pilot EX 4WD $270 $328 $382 $22 $114 $1,116 $93
Pilot EX-L 2WD $270 $400 $382 $22 $114 $1,188 $99
Pilot EX-L 4WD $270 $400 $382 $22 $114 $1,188 $99
Pilot Touring 2WD $270 $400 $382 $22 $114 $1,188 $99
Pilot Touring 4WD $270 $400 $382 $22 $114 $1,188 $99
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Premium amounts do not factor in the specific area where the vehicle is garaged which can affect premiums substantially.

Based on the above data, using a $100 deductible will cost you roughly $25 more each month or $300 a year than quoting the higher $500 deductible. Since the policyholder would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you usually have at a minimum 16 months between claims, you would most likely save money if you choose a higher deductible.

Calculate savings of higher deductibles

Average monthly premium for $100 deductibles: $121
Average monthly premium for $500 deductibles (subtract): - $96
Monthly savings from raising deductible: $25
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $25
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 16 months

One thing to be aware of is that a higher deductible results in more money out-of-pocket when you file a claim. You need to make sure you have access to more funds in the event you need to pay more to get your vehicle repaired.

The information below illustrates how your deductible choice and can raise or lower Honda Pilot insurance costs for different age groups. The data assumes a single male driver, comp and collision included, and no discounts are factored in.

Drive safe and save

The illustration below illustrates how violations and accidents can affect Honda Pilot insurance prices for each different age category. The information is based on a single female driver, full coverage, $100 deductibles, and no discounts are applied.

Car insurance premiums by gender

The illustration below compares Honda Pilot premium costs for male and female drivers. The price estimates are based on no claims or driving citations, full coverage, $500 deductibles, marital status is single, and no discounts are taken into consideration.

How much more does full coverage cost in Laredo?

The diagram below compares Honda Pilot annual premium costs with full physical damage coverage and with liability coverage only. Data assumes no violations or claims, $500 deductibles, drivers are single, and no discounts are factored in.

When to drop full coverage

There is no specific rule of when to phase out full coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is 10% or more of the vehicle's replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let's pretend your Honda Pilot settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled, you would only receive $2,000 after paying your deductible. If premium cost is more than $200 annually to have full coverage, the it may be a good time to stop paying for full coverage.

There are some conditions where dropping full coverage is not financially feasible. If you haven't paid off your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you don't have enough money to buy a different vehicle in the even your car is totaled, you should not drop full coverage.

Do you qualify for these five discounts?

Not many people think insurance is cheap, but discounts can save money and there are some available that can drop the cost substantially. Larger premium reductions will be automatically applied at the time you complete a quote, but a few need to be manually applied prior to getting the savings.Auto insurance discounts

  • Memberships - Participating in qualifying clubs or civic groups may earn a discount when getting a Laredo car insurance quote.
  • Accident Forgiveness - This isn't a discount exactly, but a few companies such as State Farm and Allstate will forgive one accident before hitting you with a surcharge if your claims history is clear for a particular time prior to the accident.
  • Driver Safety - Successfully completing a course teaching defensive driving skills could earn you a small percentage discount and make you a better driver.
  • Good Grades Discount - Excelling in school can save 20 to 25%. The discount lasts up to age 25.
  • Payment Discounts - By making one initial payment instead of paying each month you can actually save on your bill.

A little note about advertised discounts, most discounts do not apply to the overall cost of the policy. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though they make it sound like it's possible to get free car insurance, it's just not the way it works.

The chart below illustrates the comparison of Honda Pilot insurance prices with and without discounts applied to the rates. The costs are based on a male driver, no accidents, no driving violations, Texas state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, multi-policy, claim-free, homeowner, and safe-driver discounts applied.

Some of the larger companies that may offer policyholders most of the discounts above include:

Before you buy a policy, ask each insurance company which discounts you may be entitled to. Depending on the company, some discounts may not apply to policyholders in Laredo. To find companies with discount rates in Laredo, follow this link.

Auto insurance coverage information

Understanding the coverages of insurance can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and reading a policy is terribly boring. Below you'll find the normal coverages found on the average insurance policy.

Medical expense insurance - Med pay and PIP coverage provide coverage for expenses for things like EMT expenses, funeral costs and dental work. They are utilized in addition to your health insurance policy or if you do not have health coverage. They cover all vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Collision coverage - Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims like backing into a parked car, hitting a mailbox and sideswiping another vehicle. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also increase the deductible on your Pilot to get cheaper collision coverage.

Liability auto insurance - Liability coverage provides protection from damages or injuries you inflict on other people or property that is your fault. This insurance protects YOU from claims by other people. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 30/60/25 which stand for $30,000 bodily injury coverage, a total of $60,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against claims like legal defense fees, medical services, repair bills for other people's vehicles, attorney fees and structural damage. The amount of liability coverage you purchase is your choice, but it's cheap coverage so purchase higher limits if possible. Texas requires minimum liability limits of 30/60/25 but drivers should carry better liability coverage.

The next chart demonstrates why the minimum limit may not provide you with enough coverage.

Comprehensive (Other than Collision) - This covers damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like vandalism, damage from getting keyed, hail damage, fire damage and theft. The maximum amount your insurance company will pay is the actual cash value, so if it's not worth much more than your deductible it's not worth carrying full coverage.

Protection from uninsured/underinsured drivers - This protects you and your vehicle's occupants from other drivers when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as your vehicle's damage.

Due to the fact that many Texas drivers carry very low liability coverage limits (which is 30/60/25), their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Persistence will pay off

As you quote Laredo car insurance, do not buy less coverage just to save a little money. Too many times, an accident victim reduced liability coverage limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy a smart amount of coverage at a price you can afford, not the least amount of coverage.

Some insurance companies may not have price quotes online and many times these small, regional companies prefer to sell through independent agents. Affordable Honda Pilot insurance in Laredo can be bought online and from local agencies, and you should compare rates from both to get a complete price analysis.

Additional information is available at these links: