Cheap Insurance for a Honda Pilot in New York

Our content editors always give us grief that when writing about auto insurance, the word cheap should never be used anywhere to describe car insurance rates. Nonetheless, cheap car insurance for a Honda Pilot can be extremely hard to find. Don’t let that spoil your day, because we are going to show you some ways you can quote and buy coverage that you can afford to pay for.

The chances of finding cheaper car insurance for a Honda Pilot in New York is contingent on a calculation that uses factors such as if you are single or married, the condition of your credit, and violations on your driving record. New York drivers pay an average of $870 a year to buy Honda Pilot insurance, but that amount is an estimation calculated using a 50-year-old single female driver that includes full coverage including both comprehensive and collision and $100 policy deductibles.

There is a good possibility you’re not a 50-year-old female, possibly married instead of single, and you want different coverage limits than the example. Just a minor difference in the criteria used to calculate rates can result in a massive change in the coverage rate.

Insurance prices are based on the driver profile your best chance at finding affordable rates for your Honda is to quote often and with as many companies as possible.

Insure Your Honda for Less

The trim level of your Honda will have an impact price, so the rate you pay to insure a Pilot LX 2WD trim level will be $98 less expensive the price to insure the high end Pilot Touring 4WD model, as shown in the chart below.

Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and New York minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Information does not factor in New York location which can revise price quotes substantially.

Finding dependable, reasonably-priced auto insurance is not the easiest thing to accomplish, and figuring out which company offers the best insurance rates for a Honda Pilot will require even more shopping around.

Every insurance provider has their own formula for setting rates, so let’s take a look at the overall cheapest insurance companies in New York. It’s a good idea to know that New York insurance rates are based on many factors which can substantially change the cost of coverage. Price variation is why consumers need to spend some time comparing rates when trying to get the cheapest insurance rates for a Honda Pilot. Prices can be determined by many different factors and can change without notice, so the cheapest rate when you bought your policy may now be quite expensive.

Best Auto Insurance Prices for Your Pilot

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USAA has some of the lowest car insurance rates in New York at around $1,187 each year. Erie, Utica National, Progressive, and Travelers also make the cut as some of the most economical New York car insurance companies.

As depicted above, if you are insured with Progressive and switched to Erie, you might see an annual premium reduction of about $307. Drivers with Travelers could save as much as $354 a year, and MetLife customers might reduce rates by $367 a year.

These policy rates are averages across all ages of drivers and types of vehicles and do not factor in a specific rate factor for a Honda Pilot. So the company that has the cheapest price for you may not even be featured in the rate chart shown above. That helps illustrate why you need to get auto insurance quotes using your own personal information and vehicle type.

Drive responsibly or pay higher rates

The best way to snag cheap insurance for a Honda Pilot in New York is to be a careful driver and avoid accidents and violations. The diagram below shows how traffic citations and accidents impact yearly insurance costs for different insured age categories. The data assumes a single female driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.

In the previous example, the average cost of car insurance in New York per year with no accidents and a clean driving record is $1,195. Add in two speeding tickets and the average cost rises to $1,586, an increase of $391 each year. Now get one accident along with the two speeding tickets and the 12-month cost of insurance for a Honda Pilot goes up to an average of $1,980. That’s an increase of $784, or $65 per month, just for not being more responsible behind the wheel!

Do you need full coverage?

Finding cheap insurance for a Honda Pilot in New York should be important to the majority of vehicle owners, and one of the easiest ways to buy cheap insurance is to only buy liability coverage. The chart below shows the comparison of car insurance costs with full physical damage coverage compared to only buying liability only. The rate quotes are based on no violations or claims, $500 deductibles, marital status is single, and no additional discounts are factored in.

If all age groups are averaged, full coverage costs an extra $1,509 per year over and above liability coverage. At some point, every insured wonders if buying full coverage is a good investment. There is no definitive guideline to eliminate physical damage insurance, but there is a general guideline. If the annual cost of your full coverage insurance is more than about 10% of the settlement you would receive from your company, then it may be the right time to buy liability only.

For example, let’s pretend your vehicle’s book value is $4,500 and you have $1,000 deductibles. If your vehicle is severely damaged, you would only receive $3,500 after the policy deductible has been paid. If you are paying in excess of $350 a year to have full coverage, then it may be the right time to buy liability only.

There are some circumstances where dropping full coverage is not advised. If you still have a loan on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.

Allstate, State Farm, Geico, and Progressive: Who is best?

When comparing insurance for a Pilot in New York, four companies to definitely compare rates with are Allstate, State Farm, Geico, and Progressive. When added together, they make up over 48% of all auto insurance policies in force. The next table breaks down some of the different options shoppers can find with each company.