Cheapest Insurance for a Honda Civic in Mississippi

Whether or not you can find the best cheap auto insurance for a Honda Civic in Mississippi is dependent upon factors such as how many years you have been driving, if you have ever let your coverage lapse, and if you have a history of accidents. Mississippi drivers pay on average $1,050 per year to insure a Honda Civic, but that cost is a ballpark figure calculated based on a 30-year-old single male that purchased full physical damage coverage and $1,000 physical damage deductibles.

When estimating a car insurance rate like we just did, the issue is that you are not a 30-year-old male, you might be married instead of single, and you want different coverage limits than the example. Auto insurance is unique to every driver, so the most reliable way to find the cheapest rates for your Honda is to comparison shop your policy at each renewal. To cut your rates now, get a free quote and you will get price quotes from top-rated car insurance companies around.

Cheapest Honda Civic Insurance Rates

The trim level of your vehicle tends to have a direct effect on the coverage cost, so the price to insure a Civic DX 4-Dr Sedan will be $334 cheaper than the cost to insure the more expensive Civic SI 2-Dr Coupe model, as shown in the prices below.

Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Mississippi minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Rates do not factor in vehicle garaging location which can decrease or increase premiums greatly.

Deciding which companies have the most affordable car insurance rates for a Honda Civic takes a bit more work than just picking a company at random.

Each insurance company has their own guidelines to determine premium rates, so we will examine the car insurance companies with the overall cheapest rates in Mississippi. We do need to point out that Mississippi car insurance rates are determined by lots of factors which can substantially change the policy price. Simply turning a year older, buying a different home, or getting a few speeding tickets may prompt premium changes that can now make some companies affordable when they were higher priced.

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USAA may have some of the most affordable car insurance rates in Mississippi at around $839 a year. Travelers, Unitrin, Direct General, and ALFA also qualify as some of the most economical Mississippi auto insurance companies.

In the above example, if you currently have coverage with Direct General and switched to Travelers, you may see an annual savings of about $317. Customers with ALFA may save as much as $350 a year, and Southern Farm Bureau insureds might see rate reductions of $408 a year.

These policy rates are averaged across all types of insureds and vehicles and are not factoring in a specific rate value for a Honda Civic. So the auto insurance company that fits you best may not even be included in the company chart above. That illustrates why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.

Full coverage versus liability-only

Finding the cheapest insurance for a Honda Civic in Mississippi is probably important to the majority of vehicle owners, and one easy way to reduce the cost of insurance is to buy only liability coverage. The illustration below illustrates the difference between yearly insurance costs with full coverage compared to only the Mississippi minimum liability coverage. The data is based on no violations or accidents, $100 deductibles, drivers are not married, and no discounts are applied to the premium.

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If the expense is averaged for all age categories, comprehensive and collision coverage on your policy costs an additional $2,538 per year over and above liability only. Many of you may wonder when is the right time to remove full coverage. There is no set guideline to stop buying comp and collision coverage, but there is a general guideline you can use. If the yearly cost of full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let’s say your vehicle’s claim settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $8,000 after paying your deductible. If premiums are more than $800 annually for physical damage coverage, then you may want to consider only buying liability coverage.

There are a few situations where dropping physical damage coverage is not a good idea. If you still owe money on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.

The diagram below illustrates how choosing a deductible can increase or decrease annual premium costs when trying to find cheap insurance for a Honda Civic. The premiums assume a single female driver, full coverage, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3339,3049,2731,2431],[‘Age 30’, 2327,2117,1877,1647],[‘Age 40’, 2151,1959,1745,1537],[‘Age 50’, 1881,1715,1525,1345],[‘Age 60’, 1819,1659,1475,1301],[‘Age 70’, 2113,1927,1725,1535]]);var options = {title: ‘Effect of Deductibles on Honda Civic Insurance Rates in Mississippi’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Honda Civic’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

A 40-year-old driver could reduce rates by $356 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $536 by using a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could shave up to $908 or even more just by choosing larger deductibles.

When increasing deductibles, it is essential to have additional funds in a savings account to offset the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Progressive vs State Farm vs Allstate vs Geico

If you are looking for the best insurance for a Civic in Mississippi, the top insurers to get price quotes from are Progressive, State Farm, Allstate, and Geico. They all offer your standard coverages, but each one has unique coverages that may influence which company you choose. The following table illustrates pricing and service ratings, as well as optional policy coverages offered by each one.