Trying to find lower auto insurance rates for your Honda Accord? Baffled by the sheer number of auto insurance providers available to you? Lot’s of other people are too. There are such a large number of options that it can easily turn into a big hassle to find the perfect company for you.
Buying car insurance is not that difficult. If you currently have car insurance, you stand a good chance to be able to lower your premiums substantially using these methods. But drivers do need to understand how insurance companies market insurance on the web and use this information to your advantage.
Insurance is not an enjoyable expense, but you may be missing some discounts that you may not even know about. Some trigger automatically at quote time, but a few need to be specially asked for prior to receiving the credit.
Just know that most of the big mark downs will not be given to the overall cost of the policy. A few only apply to the cost of specific coverages such as collision or personal injury protection. So when the math indicates you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.
A list of companies and their possible discounts are outlined below.
Before purchasing a policy, check with all companies you are considering how you can save money. All car insurance discounts may not apply to policyholders in every state. If you would like to choose from a list of providers who offer online insurance quotes, follow this link.
Lots of things are part of the equation when premium rates are determined. Some factors are common sense like an MVR report, although others are less apparent like your continuous coverage or how financially stable you are.Part of the car insurance buying process is learning a few of the rating criteria that aid in calculating your premiums. If you know what impacts premium levels, this enables you to make decisions that can earn you lower premium levels.
When it comes to choosing adequate coverage, there isn’t really a cookie cutter policy. Each situation is unique.
Here are some questions about coverages that can help discover if you will benefit from professional help.
If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form.
Big name companies like Progressive, Allstate and Geico consistently run ads in print and on television. All the ads try to convey promises about how much you will save if you change your car insurance policy to them. But how can every company say the same thing? It’s all in how they say it.
Insurance providers have specific guidelines for the type of driver that will generate a profit. For instance, this type of insured might be a female over age 40, has no driving citations, and has a short commute. Anybody who matches those parameters will probably get cheap rates as well as save when switching.
Drivers who don’t qualify for the requirements must pay a more expensive rate which translates to the customer not buying. The ad wording is “drivers who switch” not “everyone that quotes” save that much money. This is how insurance companies can confidently make it sound like they have such great premium rates. Because of the profiling, you really need to get insurance quotes from several different companies. You cannot predict which company will have the best auto insurance rates for your profile.
Understanding the coverages of insurance can be of help when determining the best coverages and the correct deductibles and limits. Policy terminology can be confusing and nobody wants to actually read their policy.
Collision coverages – This coverage will pay to fix damage to your Accord resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.
Collision insurance covers things such as hitting a parking meter, sideswiping another vehicle, damaging your car on a curb and sustaining damage from a pot hole. This coverage can be expensive, so consider removing coverage from older vehicles. Drivers also have the option to choose a higher deductible to save money on collision insurance.
Coverage for uninsured or underinsured drivers – This coverage provides protection when other motorists do not carry enough liability coverage. This coverage pays for hospital bills for your injuries and also any damage incurred to your Honda Accord.
Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is very important.
Liability insurance – Liability coverage provides protection from damage that occurs to people or other property by causing an accident. This insurance protects YOU against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 50/100/50 that means you have a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.
Liability insurance covers things like loss of income, funeral expenses and bail bonds. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.
Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as chiropractic care, hospital visits, pain medications and dental work. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage
Comprehensive insurance – This will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims like theft, damage from flooding, fire damage and vandalism. The maximum amount a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Insureds switch companies for many reasons like questionable increases in premium, policy non-renewal, high rates after DUI convictions and lack of trust in their agent. Regardless of your reason, finding the right auto insurance provider is pretty easy and you might even save some money in the process.
We covered many ideas to lower your 1994 Honda Accord insurance prices. The most important thing to understand is the more times you quote, the higher your chance of finding affordable insurance. Consumers could even find that the most savings is with a small local company.
Lower-priced auto insurance can be purchased online and with local insurance agents, so you should compare both to get a complete price analysis. Some companies may not provide the ability to get a quote online and usually these regional insurance providers prefer to sell through independent insurance agents.
For more information, link through to the articles below:
Winona Mendoza
If you have a good history and live near Hilo, HI, check out 21st Century. I saved quite a bit. Next renewal I’ll just do liability.
Avis Rodgers
Lots of good stuff here. Checking in from Fayetteville, AR. Quoted prices online for a 1994 Honda Accord. Ended up at about $70 savings annually. Went with 21st Century. Left 21st Century to switch. I quoted rates online then called them. I’m thinking about dropping full coverage though.
Roland Hurst
I got a good deal I think. Located in Henderson, NV. Got quotes from Western Auto Insurance, AIG Insurance, Hanover, and Nationwide for my Accord and I’m now saving $12 a month. Was with Allstate. Hopefully won’t need it. Get lots of quotes to find the best rate. When should I drop full coverage?
Shawnna Hall
Mine is so expensive. Went with Safeco for my Honda and am saving around $70 a year. Insured with Esurance before. I have several vehicles insured with them. When should I drop full coverage?
Valeri Donovan
Checking in from Montgomery, Alabama. Got quotes from Liberty Mutual, Amica, Safeco, and a couple others for my Accord and I’m now saving $23 a month. I think they have home insurance too. Online quotes are the way to go.
Reta Savage
Found cheapest coverage with Erie for my Honda and saved around $60 a year. A clean driving record helps. They were helpful in switching over.
Annamae Wallace
Does Allstate insure after a DUI?
Mila Mullen
Will State Farm rates go up if I file a claim?
Alphonse Alford
I’m in Augusta, GA. I got free rates from Amica, MetLife, and Travelers for my Accord and I think I cut my rates about $30 each month. I think they have home insurance too. Not sure if rates are cheaper online or through an agent. I only have liability coverage on it.
Harold Cooper
Just my two cents. I live on the south side of Fayetteville, AR. Quoted with Auto-Owners, Safeco, and a few others for my 1994 Honda Accord and I’m now saving $24 a month. Left USAA to switch. It was easy to get rates. I just carry liability insurance.
Bea Brock
Liked the article. I’m in the east part of San Jose, California. I quoted with American Family, Nationwide, and a few others for my Accord and saved just over $90 a year. Insured with Western Auto Insurance before.
Krystin Mccall
Hope my car insurance gets cheaper. From Virginia Beach, VA. Got free quotes online for a 1994 Honda Accord. Ended up at about $60 savings annually. Went with Progressive. Still almost need a second mortgage. My Accord doesn’t have full coverage.
Christel Stevens
Does Alabama have minimum liability laws?