Cheap Insurance for a Honda Pilot in New Hampshire

Our content editors always give us grief that when writing about auto insurance, the word affordable shouldn’t be used as a descriptor for auto insurance rates. Be that as it may, cheap car insurance for a Honda Pilot can seem impossible to find. We’ll try to make it up to you, because we are going to show you some ways you can get insurance that works with your budget.

Your chances of finding cheap auto insurance for a Honda Pilot in New Hampshire relies on a lot of rating factors such as the mileage of your daily commute, the performance level of your vehicle, and violations on your driving record. New Hampshire drivers pay on average $490 a year for Pilot insurance, but that policy rate is a projection based on rate data for a 50-year-old married male driver that included full coverage and $1,000 physical damage deductibles.

If we were betting, you are not 50 and maybe not even a male, maybe you are single instead of married, or maybe you just want liability only. Different coverage needs are the reason why the best method for finding the cheapest coverage for your Honda is to do the rate comparisons yourself.

Cheapest Honda Pilot Insurance Rates

Your Honda’s trim level tends to have a direct impact on the annual cost of coverage, so the rate you will pay to insure a Pilot LX 2WD will be $42 cheaper than the insurance cost for the high end Pilot Touring 4WD version, as demonstrated by the prices below.

Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Hampshire minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Rate quotes do not factor in New Hampshire location which can affect insurance rates significantly.

Finding the highest-rated insurer can be rather challenging considering how many different companies sell coverage in New Hampshire. The ranking information in the lists below could help you analyze which providers you want to consider comparing rates with.

The ratings below are only comprised of the companies with a significant amount of written premium nationwide, so companies that have a smaller presence are not included in the list. If you wish to compare rates from these top-rated insurers and more, click here.

Top 10 Major Car Insurance Companies Overall in New Hampshire

1. The General
2. The Hartford
3. Progressive
4. Travelers
5. State Farm
6. Farmers Insurance
7. Safeco Insurance
8. USAA
9. GEICO
10. 21st Century

Top Companies for Honda Pilot Insurance in New Hampshire

Liability rates compared to full coverage

Finding cheap insurance for a Honda Pilot in New Hampshire is the goal of most drivers, and one good way to buy cheap insurance is to only buy liability insurance. The illustration below compares insurance premiums when comparing full coverage to liability only. Data assumes no tickets, no at-fault accidents, $1,000 deductibles, drivers are not married, and no discounts are factored in.

On average, physical damage coverage costs an extra $1,122 per year more than just insuring for liability. That proposes the question if full coverage is worth the money. There is no definitive formula of when to drop physical damage insurance, but there is a broad guideline. If the annual cost of having full coverage is 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.

For example, let’s say your vehicle’s replacement cost is $9,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $8,000 after paying your deductible. If you are paying over $800 annually for your policy with full coverage, then it might be time to consider dropping full coverage.

There are some situations where buying only liability insurance is not financially feasible. If you have an outstanding loan on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.

Low rates today, overpriced tomorrow

New Hampshire insurance rates are impacted by many things which can significantly increase or decrease the price you pay for coverage. Simply having another birthday, buying a different vehicle, or having an accident may cause policy rate changes that can cause some rates to be more affordable than others. Not only that, but auto insurance companies change prices as often as every three months to adjust for unexpected claims or profits. An extended period of higher than normal claims may result in rate hikes, while lower claims can result in cheaper Pilot insurance rates.

The data below shows the cheapest car insurance in New Hampshire for a 30-year-old male driver with no prior claims, no tickets, and good financial standing. Based on his current rating profile, Concord quotes the lowest car insurance rates in New Hampshire at $691 per year. This is $839 less than the average price paid by New Hampshire drivers of $1,530. Travelers, Patriot, USAA, and Vermont Mutual round out the rest of the most affordable New Hampshire auto insurance companies.

In the next rate comparison, we’ll give the driver in the first chart a chargeable claim, less-than-perfect credit, and a few traffic violations. Since each company has a proprietary method to set premium rates, comparing insurance quotes could now result in a substantially altered list of companies as shown below.

Travelers now has the lowest price in New Hampshire with Encompass, MMG Insurance, Progressive, and State Farm completing the list. This shows why it is crucial to take the time to shop around to find the lowest insurance rates for a Honda Pilot. Insurance rates are impacted by many different factors and can change substantially, so the lowest-price company when you bought your policy may now be one of the higher cost companies.

How to find the cheapest car insurance for a Honda Pilot

The list below shows some of the better money-saving ideas that can help New Hampshire drivers get low-cost car insurance.

• At-fault accidents can raise rates significantly
• Drive a car with a high safety rating
• Improve your credit
• Raise your deductibles
• Save money by only buying liability coverage for older vehicles
• Serious violations like DUI or reckless driving can increase rates dramatically
• Comparison shop at least every other year

The last idea is incredibly important, as was stressed in the article above. Coverage prices in New Hampshire can change considerably based on profitability, so don’t hesitate to change to a new company if a cheaper price is available.

Loyalty to a specific company is fine, but is isn’t recommended if it’s costing you a small fortune. Take a couple minutes and compare prices to find cheaper car insurance for a Honda Pilot.