Our editors have a joke that when writing about car insurance, the words “cheap” or “affordable” should not appear anywhere in the article as a descriptor for car insurance rates. Despite the oxymoron, cheap car insurance for a Honda Pilot just does not exist. Don’t let that discourage you, because we can show you some ways you can find car insurance that may not be cheap, but it is affordable.
The odds of finding the best cheap car insurance for a Honda Pilot in Virginia hinges on a complex formula that considers things such as if you rent or own your home, where your vehicle is garaged, and your motor vehicle report. Virginia drivers pay around $890 a year to insure a Pilot, but that figure is a valuation based on a 30-year-old single male driver that included both comprehensive and collision coverage and $250 policy deductibles.
There is a high probability that you are not exactly 30 years old and possibly not even male, married instead of single, and you possibly have other drivers on your policy that need factored in. This example demonstrates why the best method for finding cheap car insurance rates for your Honda is to just compare rates yourself.
The trim level of your Honda tends to have a direct impact on the coverage cost, so the price you will pay to insure a Pilot LX 2WD will be $90 less than the cost to insure the fancier Pilot Touring 4WD model, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Pilot LX 2WD||$226||$276||$338||$20||$100||$960||$80|
|Pilot EX 2WD||$256||$276||$338||$20||$100||$990||$83|
|Pilot EX 4WD||$256||$276||$338||$20||$100||$990||$83|
|Pilot EX-L 2WD||$256||$336||$338||$20||$100||$1,050||$88|
|Pilot EX-L 4WD||$256||$336||$338||$20||$100||$1,050||$88|
|Pilot Touring 2WD||$256||$336||$338||$20||$100||$1,050||$88|
|Pilot Touring 4WD||$256||$336||$338||$20||$100||$1,050||$88|
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Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Information does not factor in specific location information which can modify premium rates considerably.
Deciphering which company quotes the cheapest insurance rates for a Honda Pilot will involve a tad more effort in order to find the lowest price quote.
Every insurance company has a proprietary formula to set their prices, so let’s look at the rankings for the insurance companies that tend to be cheaper in Virginia.
Cheapest Insurance Rates for Your Pilot
|Rank||Company||Cost Per Year|
|9||Virginia Farm Bureau||$826|
|15||National Grange Mutual||$1,060|
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Travelers may offer some of the best car insurance rates in Virginia at around $653 a year. USAA, Cincinnati Insurance, Penn National, and Utica National would also be considered some of the lowest-priced Virginia insurance companies.
As the rates illustrate above, if you have coverage with Penn National and switched to USAA, you could realize an annual savings of in the neighborhood of $52. Policyholders with Utica National may save as much as $77 a year, and Auto-Owners customers might realize rate reductions of up to $100 a year.
If you want to find out if you’re overpaying, click here to get quotes or feel free to get quotes from the companies below.
Be aware that those estimates are averages across all drivers and vehicles in Virginia and are not factoring in a specific rating modification for a Honda Pilot. So the insurer that can offer you the best price may not even be featured in the list of companies shown earlier. That affirms the importance of why you need to get rate quotes using your own driver and vehicle profiles.
The example below highlights how deductible selection can impact annual premium costs when quoting cheap insurance for a Honda Pilot. The premiums assume a married female driver, full physical damage coverage, and no discounts are factored in.
The chart above illustrates that a 50-year-old driver could lower rates by $220 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $330 by choosing a $1,000 deductible. Young drivers, like the Age 20 category, could reduce their rates up to $542 or more just by choosing higher deductibles when buying full coverage.
If you make the decision to raise deductibles, it is essential to have enough savings to enable you to cover the extra out-of-pocket expense associated with higher deductibles.
If you are looking for the best insurance for a Pilot in Virginia, the first places to look would be Allstate, Geico, State Farm, and Progressive. The following table points out price and claims rank as well as some different options that are available for policyholders.
|U.S. market share||10%||11.4%||18.3%||8.8%|
|Recommend by customers||86%||87%||88%||88%|
|Rating from A.M. Best||A+||A++||A++||A+|
|Accident forgiveness coverage||Yes||Yes||No||Yes|
|Emergency roadside assistance||Yes||Yes||Yes||Yes|
|New car replacement||Yes||No||No||No|
|Coverage for Uber and Lyft drivers||Yes||Yes||Yes||Yes|
|Insurance Agents||Allstate exclusive agents||Both online and from Geico agents||State Farm exclusive agents||Online or from independent agents|
|Number of agents||11,000+||150+||18,000+||30,000+|
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