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.
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.
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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.
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.
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:
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.
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.
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.
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.
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.
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.
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:
Joellen Hood
From northwest of Providence, RI. Quoted with 21st Century, Farmers, and Hanover for my Honda and I’m now saving $49 a month.
Stacia Rodriquez
Lifelong resident of Augusta, Georgia. Received rates from AAA, Sentry, and USAA for my Honda and saved just over $210 a year. They offer free online rate quotes.
Shameka Newman
Thought I’d throw in my experience. Checking in from Gaithersburg, Maryland. I quoted with AAA, Erie, and Safeco for my Honda and am saving around $200 a year. I increased coverages a little too.
Ellen Winters
I’m looking for cheaper coverage. Lifelong resident of Worcester, Massachusetts. Received rates from Progressive, Hartford, and Farmers for my 2007 Honda Accord and saved just over $480 a year. Left Nationwide to switch.
Charis Edwards
If you’re a decent driver and live in the vicinity of Rochester, New York, check out State Farm. They seem to be cheaper. I have a couple other vehicles on the policy. Can still barely afford it.
Carletta Myers
From east side of Montgomery, Alabama. Received rates from Western Auto Insurance, AAA, The General, and Nationwide for my Accord and saved just over $490 a year. I get a discount for insuring multiple vehicles. I used their website to get prices.
Stanford Battle
I got decent rates for a 2007 Honda Accord in New Orleans, Louisiana. Ended up at right around $210 every six months with AIG Insurance. Have an at-fault accident tho.
Irma Cotton
Got a quote with USAA for my 2007 Honda Accord and cut my rates about $250 a year.
Rana Mills
Progressive and Allstate were both pretty cheap in Overland Park, KS.
Vanita Perry
I live just outside Bellevue, NE. Quoted quotes from Safeco, Erie, State Farm, and Auto-Owners for my 2007 Honda Accord and saved about $360 a year. Left AAA to switch. God forbid I actually have a claim.
Arlene Marquez
Lifelong resident of Tulsa, OK. I got free quotes from MetLife, Farmers, State Farm, and AIG Insurance for my Honda and saved around $160 a year. It never hurts to quote around.
Bettyann Mitchell
I got decent rates for a 2007 Honda Accord in Omaha, Nebraska. Ended up at about $370 every six months with Amica. Thankfully I’m not a high risk driver. Are quotes cheaper online?