Buying affordable auto insurance for a Honda Pilot is dependent upon many rating criteria such as whether you are married or single, whether or not you have filed claims in the past, and driving violations and tickets. Kentucky drivers pay on average $1,074 annually to insure their Pilot, but that amount is an estimation based on a 50-year-old single female driver with full comprehensive and collision coverage and $100 deductibles.
The problem with using this number is the good chance you are not 50 years old and maybe not even female, maybe you are married instead of single, and you may just want the cheapest liability coverage you can find. Just a minor difference in rating criteria or coverage limits could result in a significant change in the cost of insurance for a Honda Pilot.
This example demonstrates why the way we recommend to find affordable rates for your Honda is to put in the effort to do a thorough rate comparison.
Your vehicle’s trim level will likely have an effect on price, so the cost to insure a Pilot LX 2WD will be $120 cheaper than the insurance cost for the fancier Pilot Touring 4WD model, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Pilot LX 2WD||$242||$408||$368||$22||$110||$1,150||$96|
|Pilot EX 2WD||$272||$408||$368||$22||$110||$1,180||$98|
|Pilot EX 4WD||$272||$408||$368||$22||$110||$1,180||$98|
|Pilot EX-L 2WD||$272||$498||$368||$22||$110||$1,270||$106|
|Pilot EX-L 4WD||$272||$498||$368||$22||$110||$1,270||$106|
|Pilot Touring 2WD||$272||$498||$368||$22||$110||$1,270||$106|
|Pilot Touring 4WD||$272||$498||$368||$22||$110||$1,270||$106|
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Premium costs do not factor in zip code location which can modify coverage prices greatly.
Finding out which companies have the best insurance rates for a Honda Pilot calls for a tad more effort than just quoting one company’s rates. Every car insurance company has their own guidelines to set premium rates, so let’s examine the insurance companies with the overall best prices in Louisville, KY.
Cheapest Insurance Rates for Your Pilot
|Rank||Company||Cost Per Year|
|2||Kentucky Farm Bureau||$1,163|
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Cincinnati Insurance quotes some of the cheapest car insurance rates in Louisville at around $1,126 annually. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also qualify as some of the cheapest Louisville, KY insurance companies.
As depicted above, if you are currently insured with Auto-Owners and switched to Cincinnati Insurance, you could see a yearly price reduction of around $287. Drivers with Motorists Mutual might save as much as $427 a year, and Grange Mutual policyholders might cut rates by $483 a year.
To compare your rates to other Kentucky insurance companies, click here to get quotes or quote prices from the following companies.
It’s important to note that these rates are averages for all insureds and vehicles and and are not calculated with a specific vehicle garaging location for a Honda Pilot. So the car insurance company that fits your situation best may not even be in the top 21 companies shown above. That affirms the importance of why you need to get auto insurance quotes using your own driver information and specific vehicle type.
The information below illustrates how choosing a deductible can raise or lower yearly insurance costs when trying to find cheap insurance for a Honda Pilot. The data is based on a single female driver, comp and collision included, and no discounts are taken into consideration.
The data above shows that a 40-year-old driver could pocket $320 a year by changing from a $100 deductible up to a $500 deductible, or save $486 by switching to a $1,000 deductible. Even younger insureds, like the age 20 example, could reduce their rates up to $810 or even more by using a higher deductible.
When insureds make the decision to increase the deductibles on their policy, it is a good idea to have plenty of discretionary funds to offset the extra out-of-pocket expense that comes with higher deductibles.
Do you need full coverage?
Paying less for insurance is the goal of the majority of people, and one of the best ways to find cheaper insurance for a Honda Pilot is to buy only liability coverage. The chart below compares car insurance costs with full coverage and liability only. The rates are based on no violations or claims, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.
If we average all the age groups together, comprehensive and collision coverage on your policy costs $1,559 per year over and above liability only. That brings up the question if it’s worth it to buy full coverage. There is no exact formula to drop physical damage 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 replacement cost minus your deductible, then you might want to consider buying only liability coverage.
Chances are good that you’re overpaying for Pilot insurance
Kentucky insurance rates are determined by lots of factors that may substantially change the cost of your policy. Simply improving your credit, buying a different vehicle, or getting a reckless driving citation may prompt premium changes that can now make some companies more affordable than competitors.
In addition, insurance companies change prices as often as every quarter in order to be able to pay unexpected claims. Higher than normal claims can cause rate increases, while lower claim levels can cause lower-priced Pilot insurance rates.
The bar chart below shows a variety of companies that have the cheapest car insurance in Louisville, KY for a 40-year-old male driver with no accidents or violations, and excellent credit. When comparing rates based on his current situation, Cincinnati Insurance may offer the best car insurance rates in Louisville at $1,745 each year. This is $398 less than the average price paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual also make the list of the cheapest Louisville, KY auto insurance companies.
Now let’s give the driver from the above example a chargeable claim, poor credit, and a speeding citation. Since each auto insurance company has a unique approach to set policy rates, comparing insurance quotes may now show a slightly different list of companies as shown below.
Travelers now has the cheapest rate in Louisville with Kentucky Farm Bureau, USAA, Cincinnati Insurance, and State Farm also being competitive. This example proves why Kentucky drivers need to shop around to find the cheapest auto insurance rates for a Honda Pilot. Prices consist of many different factors and change dramatically, so the cheapest company the last time you shopped your coverage around may now be one of the higher cost companies.
Ideas for buying budget-friendly car insurance for a Honda Pilot
It is possible to find better rates, and here are some of the better thrifty suggestions that can help Louisville drivers locate cheaper auto insurance.
- Being accident-free can lower rates significantly
- Multi-policy discounts save money
- Violations and traffic tickets increase rates
- Having too many claims will increase rates substantially
- Drive a car with a high safety rating
- Comparison shop frequently
That last idea is particularly important, as was noted in the article above. Coverage prices in Louisville change frequently, so don’t be hesitant to buy a policy from a new company if a more affordable price is available.
Sticking with a specific company is fine, but it’s not recommended if that inflexibility results in costing you money that could be spent on other things. Now is a great time to shop around and find cheaper car insurance for a Honda Pilot.
If you have questions and prefer to get some guidance when trying to find lower insurance rates for a Honda Pilot, the agencies below can provide answers to your questions and help you determine which coverage meets your needs best. To locate a Louisville insurance agent nearest to you, click the button following the list.
Troy Coulter – State Farm Insurance Agent
4906 Outer Loop – Louisville, KY 40219 – (502) 964-2002
Louisville Kentucky Insurance
4500 Dixie Hwy – Louisville, KY 40216 – (502) 447-3711
Gerald Schott Insurance
10602 Timberwood Cir # 14 – Louisville, KY 40223 – (502) 426-5887
Joe Bell Jr – State Farm Insurance Agent
4016 Preston Hwy – Louisville, KY 40213 – (502) 361-2367