How Much are Insurance Quotes for a Honda Pilot in New Jersey?

The odds of finding cheap car insurance for a Honda Pilot in New Jersey depends on lots of different factors such as your vehicle’s safety rating, whether you have good credit, and your choice of deductibles. Drivers pay an average rate of $1,480 a year to insure a Pilot, but that rate is an estimation using a 40-year-old single female with both comprehensive and collision coverage and $500 physical damage deductibles.

When projecting a rate like this, the problem is that you aren’t exactly 40 years old or even a female, you might be married instead of single, or maybe you prefer to not insure for full coverage. This shows why the way we recommend to find the most affordable coverage for your Honda is to get into the habit of comparing rates once a year.

Insure Your Honda for Less

The trim level of your Honda can impact the insurance rate, so the price to insure a Pilot LX 2WD trim level will be $140 less than the cost to insure the more well-appointed Pilot Touring 4WD trim level, as shown by the rates below.

Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Table data does not factor in your specific New Jersey location which can modify coverage rates greatly.

Comparing quotes for budget insurance is easier said than done, and determining which company offers the cheapest auto insurance rates for a Honda Pilot calls for more quotes for comparison. Each auto insurer uses a slightly different approach to set their prices, so we’ll take a look at the overall cheapest auto insurance companies in New Jersey.

It’s important that you understand New Jersey auto insurance rates are impacted by many factors that may substantially change the policy price. Simply improving your credit score, buying a newer car, or having an at-fault accident may prompt premium changes resulting in some companies being cheaper than others.

Find the Cheapest Car Insurance for Your Pilot

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21st Century normally has some of the most affordable car insurance rates in New Jersey at around $1,067 annually. Travelers, New Jersey Manufacturers, Palisades, and Penn National also rank well as some of the lowest-priced New Jersey car insurance companies.

As depicted above, if you currently buy coverage from Travelers and switched to 21st Century, you might realize an annual premium reduction of in the neighborhood of $78. New Jersey drivers with New Jersey Manufacturers could save as much as $204 a year, and Palisades insureds might lower prices by $287 a year.

These policy rates are averaged for all ages of drivers and types of vehicles and and are not figured with a specific rate value for a Honda Pilot. So the auto insurance company that has the cheapest price for you may not even be featured in the chart above. That underscores the importance of why you need to compare prices as often as possible using your own driver data and vehicle information.

Comparison of full coverage and liability-only policies

Finding cheap insurance for a Honda Pilot in New Jersey is probably important to most vehicle owners, and an easy way to find cheaper insurance is to not pay for full coverage. The chart below shows the difference between annual premium costs with full phyical damage coverage and with liability coverage only. The costs are based on a clean driving record, no claims, $1,000 deductibles, single status, and no discounts are applied to the premium.

If averaged for all ages, physical damage coverage on your policy costs an additional $2,284 per year more than just insuring for liability. That touches on the question if you should buy full coverage. There isn’t a steadfast formula to drop comp and collision coverage, but there is a general guideline you can use. If the yearly cost of full coverage is 10% or more of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

Drive safe and save

One of the best ways to receive cheap insurance for a Honda Pilot in New Jersey is to drive safely and avoid accidents and keep your driving record clean. The illustration below highlights how traffic violations and accidents increase premium costs for different age groups. The costs are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.

In the previous example, the average cost of an auto insurance policy in New Jersey per year with no accidents and a clean driving record is $2,054. Add in two speeding tickets and the average cost hikes up to $2,821, an increase of $767 each year. Next add one accident along with the two speeding tickets and the 12-month cost of auto insurance for a Honda Pilot increases to an average of $3,596. That’s an increase of $1,542, or $129 per month, just for not maintaining a clean driving record!

How to find the cheapest insurance for a Honda Pilot

Here are a few money-saving ideas that can help New Jersey drivers get cheaper car insurance.

• At-fault accidents can raise rates significantly
• Remove physical damage coverage on older vehicles
• Vehicles with good safety ratings are usually cheaper to insure
• Buying your home and auto policies from the same company can earn a discount
• Pay lower rates with good credit
• Shop your coverage around for the best deal

The final tip is remarkably crucial, as was discussed in this write-up. Prices change a lot, so don’t be afraid to buy from a different company if you find a better deal.

Having a favorite company is fine, but it’s not a good idea if your bullheadedness ends up costing you lots of hard earned cash every month. Take a few minutes and compare prices and find cheaper car insurance for a Honda Pilot.

State Farm vs Geico vs Progressive vs Allstate

When comparing insurance for a Pilot in New Jersey, four of the best places to start are State Farm, Geico, Progressive, and Allstate. When added together, they make up about 50% of the car insurance market in the United States. All offer your standard physical damage and liability coverages, but each one has unique coverages that may steer you one way or another. The next table compares and contrasts price and claims rank as well as some different options that are available.