2007 Honda Accord Insurance Quotes

Want cheaper insurance coverage rates for your Honda Accord? Comparing insurance quotes online may appear to be difficult at first if you are a beginner to quoting online. But relax because finding better rates is easier than you think.

How to lower your insurance cost

There are several ways to shop for insurance, but there is one way that is less labor-intensive and much quicker. You can waste a few hours (or days) driving to insurance companies in your area, or you can utilize online quotes to get the quickest rates.

The majority of car insurance companies are enrolled in a marketplace that allows shoppers to enter their coverage request one time, and at least one company can give them a price for coverage. This prevents consumers from doing form submissions for each company.

To find out how much you’re overpaying now click to open in new window.

The only drawback to using this type of system is you don’t know exactly the insurers you will receive quotes from. So if you want to select from a list of companies to compare prices, we put together a list of companies who write insurance in your area. Click here for list of insurance companies.

Whichever way you choose to compare rates, make sure you compare identical information on every quote. If you are comparing different limits and deductibles on each one it will be very difficult to get a fair rate comparison. Slightly different coverages may cause a big price difference. Keep in mind that comparing a wide range of rates gives you a better chance of getting a lower rate.

Verify you’re applying every discount

Companies offering auto insurance don’t always publicize every possible discount very clearly, so the next list breaks down some of the best known as well as the least known credits available to bring down your rates.

• Use Seat Belts – Forcing all vehicle occupants to fasten their seat belts can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
• Active Military Service – Having an actively deployed family member may qualify for rate reductions.
• Low Mileage – Keeping the miles down on your Honda may allow you to get substantially lower premium rates.
• Theft Deterent Discount – Cars and trucks that have factory anti-theft systems are stolen with less frequency and qualify for as much as a 10% discount.
• Multi-Vehicle Discounts – Buying insurance for all your vehicles on one policy can reduce rates for all insured vehicles.

You can save money using discounts, but many deductions do not apply to the overall cost of the policy. Most only reduce individual premiums such as physical damage coverage or medical payments. Even though the math looks like you would end up receiving a 100% discount, nobody gets a free ride.

Some of the larger companies that may have these discounts include:

• Geico
• Travelers
• Farm Bureau
• Liberty Mutual
• American Family
• Progressive

Before buying, ask all the companies to give you their best rates. Some of the earlier mentioned discounts may not apply to policyholders in your area.

The Honda Accord insurance premium equation

Lots of things are used in the calculation when premium rates are determined. Some are obvious such as your driving history, although some other factors are less apparent such as whether you are married or how financially stable you are.

The factors shown below are a few of the “ingredients” auto insurance companies consider when setting rates.

• Location can modify price – Being located in less populated areas can save you money when trying to find low car insurance rates. City drivers have to deal with more road rage incidents and higher rates of accident claims. Fewer drivers on the road translates into fewer accident claims.
• Age of drivers – More experienced drivers are proven to be safer behind the wheel, are lower risk to insure , and are generally more financially stable.Inexperience drivers have been known to be careless and easily distracted behind the wheel so auto insurance rates are higher.
• Low credit score equals high premiums – An insured’s credit rating is a large factor in your rate calculation. Insureds that have excellent credit tend to file fewer claims and have better driving records as compared to drivers with lower credit scores. If your credit history is not that good, you may save money insuring your 2007 Honda Accord by taking the time to improve your credit score.
• Safer the car lower the rate – Vehicles with good safety scores are cheaper to insure. Safer cars protect occupants better and lower rates of occupant injuries means less claims paid and thus lower rates. If the Honda Accord has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
• Prevent auto insurance lapses – Having an insurance coverage lapse will be a quick way to drive up your policy premiums. Not only will you pay more, failure to provide proof of insurance may earn you a fine, jail time, or a revoked license.
• Deter vehicle theft – Buying a car with anti-theft technology or alarm system can help lower your rates. Theft prevention features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent car theft.

When should I discuss my situation with an agent?

When choosing the right insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Every situation is different.

These are some specific questions can aid in determining if your situation would benefit from professional advice.

• What exactly is covered by my policy?
• Is my ex-spouse still covered by my policy?
• Am I covered if my car is in a flood?
• Am I covered if I hit my neighbor’s mailbox?
• Am I covered if I drive in a foreign country?
• Why am I required to buy high-risk coverage?
• Is my state a no-fault state?
• Is my 2007 Honda Accord covered for flood damage?
• What can I do if my company won’t pay a claim?

If you can’t answer these questions but you know they apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, take a second and complete this form.

Well known brands might not be cheapest

Companies like State Farm and Allstate continually stream television, radio, and online ads. They all tend to make the same promise that you can save if you get a free insurance quote and switch your coverage to them. How does each company save you money? This is the way they can do it.

All the different companies provide the lowest rates for the type of customer they prefer to insure. For example, this type of insured might be over age 30, has no tickets, and drives a vehicle with a low ISO rating. Any new insured that matches those criteria may get the lowest auto insurance rates as well as cut their rates if they switch.

Potential insureds who don’t qualify for the ideal profile will see a higher rate and this can result in business not being written. The ads state “drivers that switch” but not “all drivers who get quotes” can get the lowest rates when switching. That is how insurance companies can confidently claim big savings.

That is why you really need to do a rate comparison at every renewal. Because you never know which car insurance company will provide the lowest auto insurance rates.

The coverage is in the details

Learning about specific coverages of a insurance policy aids in choosing which coverages you need and proper limits and deductibles. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Coverage for uninsured or underinsured drivers – This provides protection when the “other guys” do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Honda Accord.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time these limits are set the same as your liablity limits.

Liability car insurance – This can cover damage or injury you incur to people or other property in an accident. It protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 which means a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage pays for claims such as pain and suffering, attorney fees, structural damage and loss of income. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive insurance – This pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as hail damage, falling objects, damage from getting keyed and fire damage. The most your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Coverage for medical expenses – Med pay and PIP coverage reimburse you for expenses like doctor visits, hospital visits, rehabilitation expenses, X-ray expenses and nursing services. They can be used to fill the gap from your health insurance program or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Collision coverage – Collision coverage pays for damage to your Accord resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as scraping a guard rail, damaging your car on a curb, driving through your garage door, hitting a mailbox and colliding with a tree. This coverage can be expensive, so consider dropping it from older vehicles. Another option is to increase the deductible to save money on collision insurance.

Summing up your insurance search

In this article, we covered some good ideas how to get a better price on 2007 Honda Accord insurance. The key thing to remember is the more rate comparisons you have, the higher the chance of saving money. Drivers may discover the best price on insurance is with some of the smallest insurance companies.

Consumers switch companies for many reasons like delays in paying claims, policy non-renewal, high rates after DUI convictions and even not issuing a premium refund. No matter why you want to switch, switching insurance companies is actually quite simple.

When buying insurance coverage, it’s a bad idea to buy less coverage just to save a little money. There are many occasions where drivers have reduced uninsured motorist or liability limits and learned later that the few dollars in savings costed them thousands. Your objective should be to find the BEST coverage at a price you can afford while not skimping on critical coverages.

More tips and info about insurance is located in the articles below:

• How Can I Save Money on Auto Insurance? (Insurance Information Insitute)
• Property Damage Coverage (Liberty Mutual)
• Insurance Losses by Make and Model (iihs.org)
• Drunk Driving Statistics (Insurance Information Insitute)