Comparing Car Insurance for a Honda Accord Made Easy

Scraping up a payment for overpriced Honda Accord insurance can overdraw your personal savings and make it hard to pay other bills. Shopping your coverage around is free and is an excellent way to cut your insurance bill.

Companies like GEICO, Farmers Insurance and State Farm persitently shower you with ads and consumers find it hard to ignore the promise of big savings and take the time to shop coverage around.

You need to take a look at other company’s rates once or twice a year since insurance rates go up and down regularly. Just because you had the lowest rates for Accord insurance on your last policy there may be better deals available now. There is too much inaccurate information about car insurance on the internet, so we’re going to give you a bunch of ideas how to stop overpaying for insurance.

Cut your premium with discounts

Car insurance is not cheap, but there could be available discounts to help bring down the price. Some discounts apply automatically when you quote, but a few must be asked about before you will receive the discount.

  • New Car Discount – Adding a new car to your policy can save up to 30% because new vehicles have to meet stringent safety requirements.
  • Own a Home – Owning a home may trigger a car insurance policy discount because of the fact that having a home shows financial diligence.
  • Good Student Discount – Performing well in school can save 20 to 25%. This discount can apply well after school through age 25.
  • Claim Free – Good drivers with no accidents pay much less as compared to frequent claim filers.
  • Lower Rates for Military – Being deployed with a military unit can result in better rates.
  • Student in College – Kids in college living away from home attending college and don’t have a car may qualify for this discount.
  • Low Mileage Discounts – Low mileage vehicles could qualify for better rates on cars that stay parked.
  • Payment Discounts – If you pay your bill all at once instead of making monthly payments you may reduce your total bill.

Consumers should know that most discounts do not apply to the entire policy premium. Most cut specific coverage prices like comp or med pay. Just because you may think you would end up receiving a 100% discount, it doesn’t quite work that way. Any amount of discount will bring down your premiums.

For a list of providers who offer car insurance discounts, click here to view.

Your Honda Accord insurance rate is a complex equation

Smart consumers have a good feel for the factors that play a part in calculating car insurance rates. When you know what positively or negatively impacts premium levels helps enable you to make changes that will entitle you to lower car insurance prices.

  • Multi-policy discounts can save money – The majority of insurance companies provide better rates to insureds who consolidate policies with them. It’s known as a multi-policy discount. Discounts can add up to 10 percent or more. Even though this discount sounds good, you still need to compare rates to confirm you are receiving the best rates possible.
  • Pleasure use saves money – The higher the mileage driven in a year the more you’ll pay to insure your vehicle. The majority of insurers price each vehicle’s coverage based on their usage. Cars and trucks not used for work or commuting receive lower rates compared to those used for work or business. Ask your agent if your car insurance declarations sheet is showing the correct usage for each vehicle, because improper ratings can cost you money. Incorrect usage on your Accord may be costing you.
  • Safer cars cost less to insure – Vehicles with high crash test scores get lower rates. Safe vehicles protect occupants better and lower injury rates means less money paid by your insurance company passed on to you as lower rates. If your Honda is rated at least four stars on or an “acceptable” rating on you are probably receiving a discount.
  • Type of vehicle determines base rates – The make and model of the car you own makes a huge difference in your rates. Since the Honda Accord falls in the passenger car class, insuring your vehicle will cost similar in price or lower when compared to the average rates. Economy passenger cars generally receive the lowest base rates, but there are many factors that impact the final cost.
  • Claim-free discounts can add up – Auto insurance companies provide discounts to insureds who do not file claims often. If you file claims often, you can expect either policy cancellation or increased premiums. Auto insurance is intended to be relied upon for major claims that would cause financial hardship.
  • Liability coverage is cheap – The liability section of your policy is the coverage that protects you if a court rules you are at fault for personal injury or accident damage. Liability insurance provides you with a defense in court which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so do not cut corners here.

Don’t assume everyone needs the same coverage

When choosing coverage for your vehicles, there really is no single plan that fits everyone. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions can aid in determining if your situation could use an agent’s help.Auto insurance in

  • Does medical payments coverage apply to all occupants?
  • Am I covered if I drive in a foreign country?
  • Which companies will insure high-risk drivers?
  • Do I benefit by insuring my home with the same company?
  • Do I have coverage if my license is suspended?
  • I don’t drive much so do I pay less?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies.

Online quotes with a local insurance agent

Certain consumers would rather buy from a licensed agent and that is a personal choice. One of the great benefits of getting online price quotes is the fact that you can find the lowest rates and still have an agent to talk to. And providing support for local agencies is especially important in smaller communities.

To find an agent, once you fill out this simple form, your information is sent to insurance agents who will compete to get your business. You don’t have to leave your computer due to the fact that quote results will go directly to your email. How’s that for easy! Get lower rates AND an agent nearby.

To view a list of agents in your state to contact, click here.

Picking an insurer shouldn’t rely on just the premium amount. These are valid questions to ask:

  • What is the agency’s Better Business Bureau rating?
  • If you have an accident, will your rates go up?
  • Are there any hidden costs in their price quote and does it include driving and credit history?
  • What will you get paid if your car is a total loss? How is that amount determined?
  • Does the agent have professional designations like CIC, CPCU or AIC?
  • How much will you save each year by using a higher deductible?
  • Can they give you a list of client referrals?
  • Do they specialize in personal lines coverage?

Once you have received answers to your satisfaction in addition to an acceptable price estimate, you have narrowed it down to an insurer that can adequately provide car insurance.

How can State Farm and Allstate save drivers who switch?

Car insurance companies such as State Farm and Allstate regularly use ads in print and on television. They all seem to say the same thing of big savings if you move your coverage to them. How does each company make the same claim? It’s all in the numbers.

Different companies can use profiling for the type of customer that is profitable for them. A good example of a driver they prefer might be profiled as between 30 and 50, has no prior claims, and drives less than 7,500 miles a year. A driver that hits that “sweet spot” receives the best rates and most likely will save when switching.

Drivers who don’t qualify for this ideal profile will be quoted more money and this can result in business not being written. The ads state “customers that switch” not “people who quote” save that kind of money. That’s the way companies can truthfully claim big savings.

quote Honda Accord insurance

This emphasizes why you should get as many quotes as possible. Because you never know the company that will give you the biggest savings.

Online plus local equals savings

Cheaper Honda Accord insurance is attainable from both online companies and with local insurance agents, and you need to price shop both in order to have the best chance of saving money. Some car insurance companies do not offer online price quotes and many times these small, regional companies only sell through independent insurance agents.

We covered a lot of techniques to lower your Honda Accord insurance rates. The key thing to remember is the more rate comparisons you have, the higher the chance of saving money. Consumers could even find that the most savings is with a small local company. They may cover specific market segments cheaper as compared to the big name companies such as Progressive and GEICO.

When buying insurance coverage, make sure you don’t skimp on coverage in order to save money. There have been many situations where drivers have reduced liability coverage limits to discover at claim time that they should have had better coverage. Your strategy should be to purchase plenty of coverage for the lowest price, not the least amount of coverage.