Save on 1994 Honda Accord Insurance Quotes

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.

Are you getting every discount?

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.

• Anti-theft System – Vehicles that have factory alarm systems and tracking devices have a lower chance of being stolen and will save you 10% or more.
• Organization Discounts – Being in specific professional or occupational memberships or organizations is a good way to get lower rates when getting a insurance quote.
• Discount for Passive Restraints – Factory options such as air bags may earn rate discounts of 25 to 30%.
• First Accident Forgiveness – Not really a discount, but a handful of insurance companies permit an accident before they charge you more for coverage if you have no claims prior to the accident.
• Defensive Driver – Passing a course in driver safety is a good idea and can lower rates and easily recoup the cost of the course.
• Student Driver Training – Cut your cost by having your teen driver enroll and complete driver’s education if offered at their school.
• Full Payment Discount – If you pay your bill all at once instead of making monthly payments you may have a lower total premium amount.

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.

• Progressive may have discounts that include homeowner, multi-vehicle, good student, online quote discount, multi-policy, and continuous coverage.
• Geico has savings for anti-lock brakes, seat belt use, good student, emergency military deployment, and daytime running lights.
• State Farm policyholders can earn discounts including multiple autos, passive restraint, good student, accident-free, and multiple policy.
• Esurance offers premium reductions for emergency road assistance, homeowner, paid-in-full, Switch & Save, and online shopper.
• The Hartford includes discounts for defensive driver, vehicle fuel type, air bag, bundle, anti-theft, good student, and driver training.

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.

Components of your Honda Accord insurance rates

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.

• Annual mileage impacts costs – Driving more miles each year the higher your rates will be. Almost all companies calculate prices partially by how you use the vehicle. Cars that have low annual miles qualify for better rates than those that get driven frequently. Double check that your car insurance coverage shows the correct usage for each vehicle, because it can save money. Improper usage on your Accord may be costing you higher rates.
• Big cities mean more claims – Being located in smaller towns and rural areas of the country is a positive aspect when trying to find low car insurance rates. People in densly populated areas tend to have congested traffic and more time behind the wheel. Fewer people means a lower chance of having an accident in addition to fewer liability claims.
• Companies want multiple policies – Some insurance companies apply a discount to policyholders that buy multiple policies, otherwise known as a multi-policy discount. Even if you already get this discount, you may still want to comparison shop to make sure you are getting the best deal.
• Extra coverages can waste money – There are many add-on coverages that you can get tricked into buying on your Accord policy. Things like replacement cost coverage, high-cost glass coverage, and term life insurance could be just wasting money. They may seem good when discussing your needs, but if you’ve never needed them in the past think about removing them and cutting costs.

When in doubt talk to an agent

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.

• Do I pay less if my vehicle is kept in my garage?
• Which is better, split liability limits or combined limits?
• What is the difference between comprehensive and collision coverage?
• Is my custom paint covered by insurance?
• Should I put collision coverage on all my vehicles?
• Can my teen driver be rated on a liability-only vehicle?
• Is my babysitter covered when using my vehicle?
• When does my teenage driver need to be added to my policy?

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.

Don’t believe everything you hear

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.

What insurance coverages do you need?

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.

Quote more. Save more.

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:

• Older Driver Statistics (Insurance Information Insitute)
• Electronic Stability Control FAQ (iihs.org)
• What if I Can’t Find Coverage? (Insurance Information Insitute)
• Understanding your Policy (NAIC.org)