Find Affordable Honda Pilot Insurance in Albuquerque

Insurance rates Honda Pilot in AlbuquerqueIt’s well known that insurance companies don’t want you comparing rates. Insureds who get price quotes annually will most likely switch to a new company because there is a significant possibility of finding coverage at a more affordable price. A recent survey discovered that consumers who routinely compared rates saved approximately $3,450 over four years as compared to drivers who don’t regularly compare prices.

If finding budget-friendly car insurance in Albuquerque is your objective, then having a grasp of how to compare cheaper coverage can help simplify the task of finding more affordable coverage.

If you want to save money, the best way to get more affordable Honda Pilot insurance is to regularly compare quotes from companies who sell insurance in Albuquerque.

Step 1: Spend some time learning about how companies price auto insurance and the measures you can take to prevent expensive coverage. Many rating factors that cause rate increases such as accidents, traffic tickets, and an unacceptable credit rating can be improved by making minor driving habit or lifestyle changes.

Step 2: Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only quote rates from a single company like GEICO and State Farm, while independent agencies can provide price quotes from multiple sources.

Step 3: Compare the price quotes to your existing coverage to see if switching to a new carrier will save money. If you can save money and change companies, ensure there is no coverage lapse between policies.

The key aspect of shopping around is to use the same physical damage deductibles and liability limits on every quote request and and to analyze as many companies as feasibly possible. This guarantees a fair rate comparison and a thorough price selection.

If you are paying for car insurance now, you stand a good chance to be able to buy cheaper auto insurance using the tips covered below. The goal of this article is to help you learn how insurance works and some money-saving tips. But New Mexico drivers do need to know how companies determine what you pay and use it to your advantage.

Discounts can help lower premiums on Honda Pilot insurance in Albuquerque

Auto insurance is neither fun to buy or cheap, but companies offer discounts to help offset the cost. Most are applied at quote time, but a few must be requested specifically before being credited.

Discounts lower rates, but some of the credits will not apply to all coverage premiums. Most only apply to the cost of specific coverages such as comp or med pay. Even though it appears you would end up receiving a 100% discount, nobody gets a free ride.

The diagram below visualizes the comparison of Honda Pilot insurance prices with and without discounts being applied to the rates. The premium estimates are based on a female driver, no claims or driving citations, New Mexico state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, claim-free, marriage, homeowner, and multi-policy discounts applied.

Companies that may have these benefits include:

When getting free Albuquerque car insurance quotes, it’s a good idea to each company which discounts you may be entitled to. Discounts might not be available to policyholders in every state. For a list of auto insurance companies with discount rates in New Mexico, click here.

How to compare Albuquerque Honda Pilot insurance quotes

Just keep in mind that comparing all the rates in your area helps improve the odds of finding more affordable rates.

The companies in the list below are our best choices to provide free quotes in New Mexico. If you want to find the best cheap auto insurance in Albuquerque, it’s a good idea that you click on several of them to get the best price comparison.

Rates and statistics

The information displayed next showcases a range of coverage prices for Honda Pilot models. Learning how insurance prices are calculated can help drivers make smart choices when comparing insurance quotes.

Honda Pilot Insurance Rates in Albuquerque, NM
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $242 $338 $328 $20 $98 $1,026 $86
Pilot EX 2WD $272 $338 $328 $20 $98 $1,056 $88
Pilot EX 4WD $272 $338 $328 $20 $98 $1,056 $88
Pilot EX-L 2WD $272 $412 $328 $20 $98 $1,130 $94
Pilot EX-L 4WD $272 $412 $328 $20 $98 $1,130 $94
Pilot Touring 2WD $272 $412 $328 $20 $98 $1,130 $94
Pilot Touring 4WD $272 $412 $328 $20 $98 $1,130 $94
Get Your Own Custom Quote Go

Price data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and New Mexico minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Information does not factor in your specific Albuquerque location which can influence coverage rates significantly.

Policy deductible comparison

A question often asked by Albuquerque drivers is how high or low should comp and collision deductibles be. The comparisons below can help show the rate differences between low and high physical damage deductibles. The first data set uses a $250 deductible and the second set of rates uses a $500 deductible.

Honda Pilot insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $248 $344 $322 $20 $96 $1,055 $88
Pilot EX 2WD $280 $344 $322 $20 $96 $1,087 $91
Pilot EX 4WD $280 $344 $322 $20 $96 $1,087 $91
Pilot EX-L 2WD $280 $420 $322 $20 $96 $1,163 $97
Pilot EX-L 4WD $280 $420 $322 $20 $96 $1,163 $97
Pilot Touring 2WD $280 $420 $322 $20 $96 $1,163 $97
Pilot Touring 4WD $280 $420 $322 $20 $96 $1,163 $97
Get Your Own Custom Quote Go

Honda Pilot insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Pilot LX 2WD $202 $278 $322 $20 $96 $918 $77
Pilot EX 2WD $228 $278 $322 $20 $96 $944 $79
Pilot EX 4WD $228 $278 $322 $20 $96 $944 $79
Pilot EX-L 2WD $228 $338 $322 $20 $96 $1,004 $84
Pilot EX-L 4WD $228 $338 $322 $20 $96 $1,004 $84
Pilot Touring 2WD $228 $338 $322 $20 $96 $1,004 $84
Pilot Touring 4WD $228 $338 $322 $20 $96 $1,004 $84
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Mexico minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Table data does not factor in specific Albuquerque garaging location which can modify coverage rates significantly.

Based on the above data, using a $250 deductible will cost you about $12 more each month or $144 each year than choosing the higher $500 deductible. Since the policyholder would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you average at least 21 months between claims, you would come out ahead going with the higher deductible. Below is the way this decision is made.

Average monthly premium for $250 deductibles: $94
Average monthly premium for $500 deductibles (subtract): – $82
Monthly savings from raising deductible: $12
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $12
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

Drive responsibly or pay higher rates

The chart below shows how traffic citations and at-fault claims drive up Honda Pilot auto insurance costs for different insured age categories. The costs are based on a single female driver, full physical damage coverage, $500 deductibles, and no discounts are applied.

When to get advice from a local insurance agent

A lot of people just prefer to have an agent’s advice. An additional benefit of comparing rate quotes online is the fact that drivers can get cheap rate quotes but also keep your business local.

Albuquerque insurance agentsUpon completion of this simple form, the quote information is emailed to local insurance agents who will give competitive quotes for your auto insurance coverage. You never need to drive around due to the fact that quote results will go to your email. Get lower rates without requiring a lot of work. If you wish to compare prices from a specific company, you would need to navigate to their website and submit a quote form there.

Deciding on an provider requires more thought than just a cheap price. Before buying a policy in Albuquerque, get answers to these questions.

The following is a short list of insurers in Albuquerque that are able to give price quote information for Honda Pilot insurance in Albuquerque.

View more Albuquerque agents

Protect your Honda vehicle and other assets

Despite the fact that auto insurance is not cheap in Albuquerque, insuring your vehicle serves several important purposes.

First, almost all states have mandatory insurance requirements which means you are required to carry specific limits of liability coverage if you drive a vehicle. In New Mexico these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if your car has a lienholder, most lenders will stipulate that you have physical damage coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the lender may insure your Honda at a more expensive rate and make you pay for it.

Third, auto insurance preserves both your assets and your Honda. It will also provide coverage for hospital and medical expenses for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if someone files suit against you as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, your policy will cover the repair costs.

The benefits of carrying enough insurance definitely exceed the price paid, especially for larger claims. According to a recent study, the average American driver overpays more than $820 a year so compare quotes from several companies at every policy renewal to save money.

Parts of your auto insurance policy

Understanding the coverages of auto insurance can help you determine appropriate coverage and the correct deductibles and limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Honda Pilot.

Due to the fact that many New Mexico drivers only purchase the least amount of liability that is required (25/50/10), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance reimburse you for bills such as X-ray expenses, rehabilitation expenses, dental work and ambulance fees. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage


Liability insurance protects you from injuries or damage you cause to other people or property. It protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/10 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $10,000 of coverage for damaged property.

Liability can pay for claims such as funeral expenses, attorney fees and pain and suffering. How much liability should you purchase? That is up to you, but you should buy as high a limit as you can afford. New Mexico state law requires minimum liability limits of 25/50/10 but you should consider buying better liability coverage.

The chart below demonstrates why buying minimum limits may not be adequate.

Collision protection

This coverage pays to fix your vehicle from damage from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims like backing into a parked car, driving through your garage door, colliding with a tree and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to raise the deductible on your Pilot to get cheaper collision coverage.

Comprehensive coverage

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as fire damage, falling objects, hitting a deer and damage from flooding. The most a auto insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

You can find affordable coverage

Consumers change insurance companies for a number of reasons such as high rates after DUI convictions, questionable increases in premium, policy cancellation and an unsatisfactory settlement offer. Regardless of your reason for switching companies, finding the right auto insurance provider is easier than you think.

You just read some good ideas how you can find lower-cost Honda Pilot insurance in Albuquerque. The key thing to remember is the more rate comparisons you have, the better likelihood of getting cheaper Albuquerque car insurance quotes. Drivers may even discover the lowest prices come from a smaller regional carrier.

Some insurance companies do not provide online rate quotes and these small, regional companies prefer to sell through independent agents. Cheaper Honda Pilot insurance in Albuquerque can be found both online as well as from insurance agents, and you should compare rates from both in order to have the best chance of saving money.

Additional information can be found below: