View 1998 Honda Accord Insurance Quotes

Searching for lower insurance coverage rates for your Honda Accord? Have you fallen victim to an underperforming, overpriced insurance coverage policy? Believe me when I say there are many people just like you. There are many insurance companies to pick from, and though it is a good thing to have a selection, more options can take longer to find the best rates for your vehicles.

You should make it a habit to compare premium rates every six months due to the fact that insurance prices change quite often. Even if you think you had the best rates on Accord coverage six months ago a different company probably has better premium rates today. There is lot of inaccurate information about insurance coverage on the internet, but by reading this article, you’re going to learn some of the best ways to lower your insurance coverage premiums.

How to compare auto insurance quotes

Most of the larger companies provide pricing on their websites. Comparing prices online is pretty painless because it’s just a matter of typing in the coverages you want as detailed in the form. When the form is submitted, their system orders your driving and credit reports and gives you a price quote based on the information you submitted. Being able to quote online makes it a lot easier to compare rates but having to visit each company’s website and repetitively enter the same data into a form can be a bit repetitive. Unfortunately, it is important to get many rate quotes in order to find a lower rate.

There is a better way!

The easiest way to lower your rates makes use of a single form that gets prices from multiple companies. The form is fast, requires much less work on your part, and makes quoting online much more enjoyable and efficient. After sending your information, it is quoted and you can choose any one of the quotes returned. If a lower price is quoted, you can simply submit the application and purchase the new policy. The entire process takes just a few minutes to complete and may result in a nice savings.

If you want to compare pricing, click here to open in a new tab and enter your information. To compare your current rates, we recommend you replicate coverages and limits exactly as shown on your declarations page. Doing this assures you are getting an apples-to-apples comparison for the exact same coverage.

Are you earning every discount?

Insurance coverage is expensive, but you might find some hidden discounts that many people don’t even know exist. Certain discounts will be triggered automatically when you get a quote, but less common discounts must be manually applied prior to getting the savings.

• Drive Safe and Save – Safe drivers can save as much as half off their rates on Accord coverage than less cautious drivers.
• Accident Forgiveness – Not really a discount, but certain companies may permit one accident before raising your premiums if your claims history is clear for a particular time prior to the accident.
• Buy New and Save – Buying a new car instead of a used car may earn a small discount due to better safety requirements for new vehicles.
• No Accidents – Claim-free drivers can earn big discounts compared to drivers with a long claim history.
• Passenger Safety Discount – Vehicles equipped with air bags or motorized seat belts can get savings as much as 30%.
• Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems are less likely to be stolen and therefore earn up to a 10% discount.
• Student Driver Training – Make teen driver coverage more affordable by requiring them to participate in a local driver’s education class in high school.

We need to note that most of the big mark downs will not be given to all coverage premiums. Most cut the cost of specific coverages such as liability, collision or medical payments. So even though you would think you can get free auto insurance, company stockholders wouldn’t be very happy.

To see companies that offer multiple discounts, follow this link.

Learn how to lower your insurance premiums

Many different elements are considered when quoting car insurance. Some are pretty understandable such as traffic violations, but other factors are more transparent such as your marital status or how financially stable you are.When buying insurance coverage it’s important to understand some of the elements that help calculate the rates you pay for insurance coverage. When you know what positively or negatively determines premiums, this allows you to make good choices that can earn you cheaper rates.

The items below are a few of the “ingredients” companies use to determine your rates.

• Higher coverage deductibles are cheaper – Physical damage protection, also called ‘full coverage’, helps pay for damage to your vehicle. Some examples of claims that would be covered are colliding with a building, hail damage, or theft. The deductibles you choose are how much you are required to spend before a claim is paid by your company. The higher the amount you are required to pay out-of-pocket, the bigger discount you will receive on Accord coverage.
• Vehicle options that lower insurance coverage rates – Buying a car that has an advanced theft prevention system can save you some money. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent car theft.
• Drivers with responsible credit save – Credit rating factor in determining your rates. So if your credit score is not that good, you could pay less to insure your 1998 Honda Accord by repairing your credit. Drivers who have good credit tend to file fewer claims than drivers with bad credit.
• Costs increase with policy add-ons – There are quite a few extra bells and whistles that may not really be needed but may not be useful. Coverages for replacement cost coverage, accidental death, and term life insurance are probably not needed. These coverages may sound good when deciding what coverages you need, but your money might be better spent on other coverage so eliminate the coverages to reduce your premium.
• A insurance coverage policy lapse can increase insurance coverage rates – Letting your insurance expire is a quick way to increase your renewal premiums. Not only will you pay more, failure to provide proof of insurance may result in a hefty fine and possibly a revoked license. Then you may be required to file a SR-22 with your state DMV.
• See if your company offers a multi-policy discount – Lots of insurers give better rates to policyholders that purchase more than one policy in the form of a multi-policy discount. Even though this discount sounds good, it’s in your best interest to compare rates to verify if the discount is saving money. Drivers may still save more without the discount even if you have your coverage with different companies

When in doubt talk to an agent

When buying the right insurance coverage for your vehicles, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs so your insurance needs to address that. These are some specific questions can aid in determining if your insurance needs will benefit from professional help.

• How much liability coverage do I need in my state?
• Do I pay less for low miles?
• Should I sign the liability waiver when renting a car?
• How does medical payments coverage work?
• When should I not file a claim?
• Is my business laptop covered if it gets stolen from my vehicle?
• Should I bundle my homeowners policy with my auto?
• Should I buy more coverage than the required minimum liability coverage?
• At what point should I drop full coverage?

If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Save $461 a year. For real?

Consumers can’t ignore all the ads that promise big savings by companies like 21st Century, Allstate and State Farm. They all state the claim about saving some big amount if you move your policy.

How do they all cost less than your current company? You have to listen carefully.

Insurance companies have an ideal profile for the type of driver that will most likely be profitable. A good example of this type of driver may be over age 30, has had continuous coverage, and insures a new vehicle. Anyone that fits those parameters will probably get cheap premium rates and is almost guaranteed to save money with a new company.

People who do not match this stringent profile will get higher premiums which usually ends up with the driver buying from a lower-cost company. The wording the ads use say “customers that switch” not “everyone who quotes” can save as much as they claim. That’s the way companies can truthfully advertise the way they do. That is why it’s extremely important to get a wide range of price quotes. You cannot predict the company that will have the best premium rates for your profile.

Information about specific coverages

Understanding the coverages of car insurance aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be confusing and coverage can change by endorsement. Shown next are typical coverages found on the average car insurance policy.

Auto liability insurance

This coverage can cover injuries or damage you cause to a person or their property in an accident. This insurance protects YOU from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability can pay for things such as funeral expenses, pain and suffering, bail bonds, repair bills for other people’s vehicles and court costs. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Collision insurance

Collision coverage pays to fix your vehicle from damage from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things like crashing into a building, colliding with a tree, sideswiping another vehicle, colliding with another moving vehicle and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for expenses like rehabilitation expenses, X-ray expenses, EMT expenses, prosthetic devices and hospital visits. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as damage from flooding, damage from getting keyed, a tree branch falling on your vehicle, damage from a tornado or hurricane and hail damage. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Make an honest buck

More affordable insurance coverage can be found online and from local agencies, and you need to price shop both to have the best selection. Some insurance coverage companies may not have price quotes online and these smaller providers work with independent agents.

You just read a lot of information how to save on 1998 Honda Accord insurance. It’s most important to understand that the more rate quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the best price on insurance coverage is with some of the lesser-known companies. These companies may only write in your state and offer lower rates as compared to the big name companies such as State Farm and Allstate.

More articles

• Reducing Your Risks in a Car Crash Video (iihs.org)
• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Insitute)
• Safety Features for Your New Car (State Farm)
• Teen Driving Statistics (Geico)