Find Cheaper Honda Pilot Insurance in Anchorage

Inconceivable but true, most car insurance buyers in Alaska have stayed with the same insurance company for well over three years, and approximately 38% of consumers have never compared rates from other carriers. Most drivers in the United States could save almost $859 each year just by comparing rates, but they don’t know the actual amount they would save if they switched.

Insurance quote for Honda Pilot in AnchorageThe preferred way to save money on auto insurance rates in Anchorage is to make a habit of regularly comparing prices from different companies in Alaska. This can be done by completing these steps.

One piece of advice is to use the same coverage limits and deductibles on every quote request and and to get rate quotes from every insurance company. This guarantees an apples-to-apples comparison and a complete price analysis.

When price shopping your coverage, comparing a wide range of rates will enable you to find the best rates.

The following companies are our best choices to provide free quotes in Alaska. To get the best auto insurance in Anchorage, AK, we recommend you compare several of them in order to get a fair rate comparison.

Determine discounts on Anchorage auto insurance

Companies that sell car insurance don’t always publicize every discount they offer in a way that’s easy to find, so here is a list both well-publicized and the harder-to-find discounts that you may qualify for.Cheaper auto insurance with discounts

Discounts save money, but please remember that some of the credits will not apply to the entire cost. A few only apply to the price of certain insurance coverages like medical payments or collision. So when it seems like you would end up receiving a 100% discount, it’s just not the way it works. Any qualifying discounts should definitely cut the amount you have to pay.

The chart below visualizes the comparison of Honda Pilot insurance prices with and without some available policy discounts. The costs are based on a male driver, no violations or accidents, Alaska state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, multi-policy, homeowner, safe-driver, and claim-free discounts applied.

If you would like to view auto insurance companies who offer cheap Honda Pilot insurance quotes in Anchorage in Anchorage, follow this link.

Rates and data analysis

The coverage table shown next covers different insurance policy prices for Honda Pilot models. Understanding more about how insurance rates are determined is important for making smart choices when selecting a coverage provider.

Honda Pilot Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $162 $242 $256 $16 $76 $752 $63
Pilot EX 2WD $182 $242 $256 $16 $76 $772 $64
Pilot EX 4WD $182 $242 $256 $16 $76 $772 $64
Pilot EX-L 2WD $182 $294 $256 $16 $76 $824 $69
Pilot EX-L 4WD $182 $294 $256 $16 $76 $824 $69
Pilot Touring 2WD $182 $294 $256 $16 $76 $824 $69
Pilot Touring 4WD $182 $294 $256 $16 $76 $824 $69
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Price data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Premium costs do not factor in Anchorage location which can lower or raise insurance rates noticeably.

Honda Pilot insurance costs by gender and age in Anchorage

The example below shows the comparison of Honda Pilot yearly insurance costs for male and female drivers. The rate quotes are based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, drivers are not married, and no additional discounts are factored in.

Cost comparison with and without full coverage

The diagram below illustrates the difference between Honda Pilot car insurance rates with liability coverage only compared to full coverage. The rates are based on no violations or accidents, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.

When to stop buying physical damage coverage

There is no definitive formula that works best for making the decision to drop physical damage coverage, but there is a guideline you can consider. If the annual cost of having full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let’s assume your Honda Pilot settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $7,000 after paying the physical damage deductible. If it’s costing in excess of $700 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.

There are some situations where only buying liability is not in your best interest. If you haven’t satisfied your loan, you have to keep full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.

How Your Pilot Insurance Costs are Determined

Lots of factors are part of the calculation when premium rates are determined. Some factors are common sense like your driving record, but others are less apparent such as your marital status and annual miles driven.

Vehicle features that cut prices – Driving a car with advanced anti-theft systems can help lower your rates. Theft deterrent systems such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent car theft.

Increase coverage deductibles and save – Your deductibles are the amount of money the insured will be required to pay if a covered claim is submitted. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Some coverage claims would be rear-ending another vehicle, damage caused by hail, or theft of your vehicle. The more expense you’re willing to pay, the better rate you will receive.

Insurance rates are higher for high performance vehicles – The type of car, truck or SUV you are trying to find cheaper insurance for makes a big difference in your rates. The lowest rates are usually for lower performance four cylinder passenger vehicles, but that’s not the only thing that factors into the final price.

The following chart assumes a single male driver age 40, full coverage with $250 deductibles, and no discounts or violations. The chart compares Honda Pilot policy rates compared to other vehicles that have a range of performances.

Do you really need roadside assistance? – There are a lot of additional extra coverages that may not really be needed on your Pilot policy. Coverages like rental car reimbursement, towing, and extra equipment coverage may be costing you every month. They may seem like a good idea when talking to your agent, but if they’re wasting money eliminate the coverages to reduce your premium.

High credit scores save money – Having a good credit rating is likely to be a major factor in determining what you pay for insurance. People with good credit tend to be more responsible and file fewer claims as compared to drivers with poor credit. If your credit is low, you could pay less to insure your Honda Pilot by spending a little time repairing your credit.

Insurance loss data for Honda Pilot vehicles – Insurance companies use data from past claims to help determine prices. Models that tend to have higher claim amounts or frequency will have higher premium rates. The table below outlines the historical insurance loss data for Honda Pilot vehicles.

For each type of coverage, the claim probability for all vehicles averaged together is considered to be 100. Values that are 100 or less indicate a favorable loss history, while numbers that are greater than 100 indicate a higher chance of having a claim or larger claims.

Auto Insurance Loss Data for Honda Pilot Models
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Honda Pilot 4dr 2WD 70 96 69 82 82 86
Honda Pilot 4dr 4WD 79 105 81 88 74 82

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years