Save on 1995 Honda Accord Insurance Rates

Have you finally had enough of scraping nickels together to insure your Honda every month? You’re in the same situation as most other drivers. There is such a variety of car insurance companies to purchase coverage from, and though it is a good thing to have a choice, it makes it harder to get the best deal.

You should make it a habit to compare premium rates every six months because insurance prices are constantly changing. Even if you got the lowest rates for Accord insurance last year a different company probably has better rate quotes today. Forget all the misinformation about insurance because you’re about to learn how to quote online to get good coverage at a lower rate.

Finding affordable coverage is easy if you know what you’re doing. If you have car insurance now, you will most likely be able to cut costs considerably using these methods. Vehicle owners only need an understanding of the most effective way to shop over the internet.

Drivers save money with these rate-reducing discounts

Some insurers do not advertise every possible discount very well, so below is a list some of the best known and the harder-to-find credits that may apply to you.

• Drivers Education – Require your teen driver to enroll in driver’s education if offered at their school.
• Discounts for Cautious Drivers – Accident-free drivers can pay as much as 50% less for Accord insurance compared to rates paid by drivers with frequent claims.
• Anti-lock Brakes – Cars and trucks that have steering control and anti-lock brakes prevent accidents and earn discounts up to 10%.
• Homeowners Savings – Just being a homeowner can save you money since owning and maintaining a home is proof that your finances are in order.
• Air Bag Discount – Vehicles equipped with air bags and/or automatic seat belt systems can qualify for discounts as much as 30%.
• Theft Prevention System – Vehicles with anti-theft systems can help prevent theft and therefore earn up to a 10% discount.

A little note about advertised discounts, most discounts do not apply to all coverage premiums. Some only apply to the cost of specific coverages such as comprehensive or collision. So despite the fact that it appears you could get a free car insurance policy, it just doesn’t work that way.

Companies that may have most of these discounts include:

• American Family
• Nationwide
• MetLife
• 21st Century
• Farmers Insurance
• Allstate

It’s a good idea to ask each insurance company which discounts you qualify for. All car insurance discounts may not be available everywhere. If you would like to see a list of providers offering car insurance discounts, follow this link.

Why you might pay increased rates

Many different elements are taken into consideration when you quote your car insurance policy. A few of the factors are predictable like an MVR report, but some are more transparent like your continuous coverage or your vehicle rating.One of the most helpful ways to save on insurance is to to have a grasp of a few of the rating criteria that help determine insurance rates. If you have some idea of what determines premiums, this allows you to make educated decisions that may reward you with lower premium levels.

• Tickets will cost you – Even a single driving citation can increase the cost of insurance substantially. Drivers with clean records pay less for auto insurance compared to bad drivers. Drivers who have multiple violations such as DWI, reckless driving or hit and run convictions may face state-mandated requirements to maintain a SR-22 to the state department of motor vehicles in order to prevent their license from being revoked.
• Do you really need to file that policy claims? – If you file a lot of claims don’t be surprised to see much higher rates or policy non-renewal. Insurance companies give cheaper rates to people who do not file claims often. Your insurance policy is intended for more catestrophic claims.
• Employer reflects on premiums – Careers like fire fightersair traffic controllers and dentists generally have the highest average rates in part from job stress and long work days. On the other hand, occupations such as scientists, students and homemakers have lower than average premiums for Accord insurance.
• Add-on coverages can cost a lot – There are a ton of optional add-on coverages that you can get tricked into buying but may not be useful. Insurance for vanishing deductibles, better glass coverage, and motor club memberships may be wasting your money. They may seem good when deciding what coverages you need, but if you’ve never needed them in the past eliminate them to save money.

Do I need special coverages?

When it comes to choosing adequate coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions can aid in determining if your insurance needs might need professional guidance.

• When should I buy a commercial auto policy?
• Do I need roadside assistance coverage?
• Does coverage extend to Mexico or Canada?
• Do I have coverage when pulling a U-Haul trailer?
• Is a fancy paint job covered?
• Can I pay claims out-of-pocket if I buy high deductibles?

If you can’t answer these questions then you might want to talk to an agent. To find an agent in your area, simply complete this short form or click here for a list of car insurance companies in your area. It is quick, free and you can get the answers you need.

Insurance companies are expert advertisers

Consumers can’t escape the ads for the lowest price insurance by companies like Progressive, Geico, Allstate and State Farm. All the ads tend to make the same promise that drivers can save some big amount if you switch your insurance coverage to their company.

Is it even possible that every company can charge less that you’re paying now? Here is how they do it.

Companies have an ideal profile for the right customer that earns them the highest profit. For instance, a preferred risk might be between the ages of 30 and 50, has never had a claim, and drives newer vehicles. Any person that matches those criteria will probably get the lowest rates and as a result will probably pay quite a bit less when switching companies.

Drivers who are not a match for the requirements must pay higher premiums with the end result being the customer buying from a different company. The trick is to say “people who switch” but not “all drivers who get quotes” save that much when switching. This is how insurance companies can advertise the way they do. This illustrates why drivers must do a rate comparison at every renewal. Because you never know which insurance companies will have the best premium rates at this point in time.

Auto insurance policy specifics

Having a good grasp of your policy helps when choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring. Below you’ll find the usual coverages available from auto insurance companies.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage resulting from colliding with an object or car. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims like sustaining damage from a pot hole, colliding with another moving vehicle and rolling your car. Collision is rather expensive coverage, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Comprehensive coverage

Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as a tree branch falling on your vehicle, hail damage and hitting a bird. The highest amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability car insurance

This will cover injuries or damage you cause to a person or their property by causing an accident. It protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 25/50/25 which means $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers things like pain and suffering, legal defense fees and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries and damage to your 1995 Honda Accord.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.

Medical payments coverage and PIP

Med pay and PIP coverage pay for immediate expenses like pain medications, dental work, chiropractic care and X-ray expenses. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants in addition to being hit by a car walking across the street. PIP is only offered in select states but can be used in place of medical payments coverage

Be a money saver!

As you restructure your insurance plan, make sure you don’t sacrifice coverage to reduce premiums. There are many occasions where someone sacrificed physical damage coverage only to regret at claim time that the small savings ended up costing them much more. Your goal should be to find the BEST coverage at the best price.

We’ve covered quite a bit of information on how to reduce 1995 Honda Accord insurance rates online. The key thing to remember is the more quotes you get, the better your comparison will be. You may even find the best rates are with some of the smallest insurance companies. These smaller insurers may often insure only within specific states and give getter rates than their larger competitors like Geico and State Farm.

Much more information about auto insurance is available below:

• How to Avoid Common Accidents (State Farm)
• Auto Insurance FAQ (Farmers Insurance)
• Older Drivers FAQ (iihs.org)
• If I File a Claim will My Insurance Go Up? (Insurance Information Insitute)