So I'm still working at Allstate. I finally got my hands on the "Vehicle Rating Factors" for the 2009-2011 Honda fit:

Bodily Injury Liability: 0.95 (5% less likely than average to cause at-fault harm to another driver or pedestrian)

Property Damage Liability: 1.11 (11% more likely than average to be involved in an at-fault accident causing 3rd party property (vehicle or otherwise) damage)

Collision: 1.23 (23% more likely than average to be involved in accident causing damage to the vehicle itself - when the driver is at fault or in hit and run situations (in states where UMPD does not apply))

Comprehensive: 1.10 (10% more likely than averageto be vandalized, stolen, hail damage, etc.)

This is an average, it does vary from region to region.

The base rate is multiplied by these vehicle rating factors in determining your premium.

Keep in mind that it is a combination of frequency and severity. For example the fit might be involved in an average number of collision claims but the severity may be higher due to high average damage repair costs. I don't have access to data that specific.

It's actually not too bad. One the most expensive vehicles you can insure is a Scion TC with a collision rate factor of 2.2 (120% more likely than average...) Ricers who cant drive killed the rates on it... Let's not do the same to fit.




Random Fact: Trucks are usually very cheap on insurance. The F150 and Silverado are some of the cheapest vehicles we insure. But the similar Toyota Tacoma is an exception. For whatever reason, drivers of the Tacoma are much more likely than average to be in an at-fault accident.

Random Fact: With a clean driving record, a brand new lamborghini is usually only about $250 to insure a month. I actually had an a$$hole in Florida (which is a terrible state for rates to begin with) complain to me about paying $1200 every 6 months for insurance on one. That was one of the few times I've ever told someone off on the phone. (However, with these supercars we will drop coverage on it the second you get your first speeding ticket if you even qualified to begin with)

 

I was suprised with my rate. I thought it was a little high. Im 30 with nothing on my record for 5 going on 6 years and I pay $160 a month. My Ram was about $150 a month brand new. This is full coverage of course. I dont get it.

 

hello 25 y/o in a few months lol and now that i went from a ser spec v sentra to the fit my rates drop a bunch

 

My previous vehicle,a 2007 BMW 530Xi was about the same amount for the same coverage. I expected it to go down when I got the Fit. At least it didn't go up,and my other vehicle expenses went way down.

 

I've been quoted 110 a month for an '11 m\t fit. Not bad IMO I'm 22 an my integra was about 10$ more a month

 

Maybe its your region...

I'm 32 and paying about half that. I was paying half of my current rate when I had a 97 Mirage, but that had only the basic coverage, while the Fit has full coverage.

 

thanks for providing those insightful facts. would you by chance have the vehicle factors for a S2000?

 

Older people get a break.

I am paying 151/mth for both my 09 Fit and new 2010 Dodge Caravan.

 

I am 46 and paying about $630 for the year with Geico. I have more than the minimum coverage and a spotless driving record with excellent credit. I saved a bunch with Geico(I'm not kiddding).

 

I was quoted almost 300 a month the other day on a 2011.
Needless to say I was a little ticked off. I went back and requoted cars I had in the past and my rate was more than twice what it was when I had the cars and I have had no changes or faults on my insurance. Called my insurance company back and they got me down to 120ish a month after I went off on them.

 

$85 a month through progressive for the 09 sport & and 06 Ridgeline RTS. The wife and I are both over 30.

~SB

 

It could be that the quotes are just basic quotes and didn't include all the possible discounts you could get (sometimes they dig up a few for you).

When I was shopping for insurance, it was getting 500-600+ for 6 months quotes... AAA gave me the close to the lowest with just under 500. By the time I actually paid for the insurance, it had gone down even more (could be because I was a returning member, AAA with Mirage, but stopped when I moved and borrowed my sister's Pathfinder under Geico).

 

Unless they dug me up over 50% worth of discounts I doubt it.

They didn't explain to me why the quotes were so high but they resolved it. That's all that matters.

 

I'm paying 675 for 6 months of insurance from Geico for my fit and accord. That includes comprehensive and collision, though with high deductibles.

 

It's beacuse the insurance companies have realized that fit sport wheels get stolen at an insane rate.

 

I don't know how they do it. New York has been a terrible region for us. We are still losing alot, alot of money to personal injury protection fraud (that crazy coverage they make all NYers carry that doubles the price of the policy). And don't get me started on how out of control the DMV is there. It's absolute madness that they try to keep track of insurance on every single person and every single vehicle and fine you if their records don't match or show a lapse the only states worse than NY are MI and the worst of all MA. Honestly I wish we never started selling insurance in MA again. Geico is based out of NY though so maybe they are used to the insanity or maybe they figured out a way to pay people less on their claims so they don't have to charge as much.

 

I'm with Allstate and mine is still high for having a Fit.

 

I had a 2008 Civic LX before I traded it in for a 2010 Fit Sport. I got like $30 back from my insurance company because the Fit was cheaper on insurance.

 

27yr old, good history, $225 a month.
Before the Fit, my 98 Toyota Corolla cost around $300/month to insure.

 

a) region
b) age
c) car

I'd hate to have seen how much it would've costed you when you were 25! ye-ouch!

I've never paid that much. for a long time, I was insured with my father... and never had full coverage, just the minimum. I started my own policy after I turned 26 (the age that I believed insurance dropped dramatically for a person), but still minimum coverage until I got the Fit.

at $75 a month for the Fit's full coverage, it's the most expensive I've paid! whew, thank goodness.