2008 Honda Accord Car Insurance Cost

Are you at wits end from not being able to scrape enough together to pay high auto insurance rates every month? You’re in the same situation as many other consumers. There are many auto insurance companies to insure vehicles with, and though it is a good thing to be able to choose, more choices can make it harder to find the best rates.

Consumers should take time to quote other rates every six months because auto insurance prices change quite often. Despite the fact that you may have had the lowest rate for Accord coverage two years ago the chances are good that you can find a lower premium rate today. Forget anything you know (or think you know) about auto insurance because it’s time to teach you the proper way to properly buy coverages and cut your premium.

You can change your insurance premiums

Lots of factors are part of the calculation when quoting car insurance. Some of the criteria are obvious such as traffic violations, but others are not as apparent such as whether you are married and annual miles driven.The best way to find cheaper insurance coverage is to take a look at the different types of things that are used to determine your insurance coverage rates. If you know what impacts premium levels, this helps enable you to make changes that can help you get lower insurance coverage prices.

• Pay more of a claim out-of-pocket – Physical damage insurance, aka comp and collision, covers your vehicle from damage. Examples of some claims that would be covered would be collision with another vehicle, hail damage, and damage caused by flying debris. The deductibles define how much you are willing to pay if a claim is determined to be covered. The more damage repair cost the insured is willing to pay, the less your company will charge you for insurance for Accord coverage.
• Never have insurance coverage policy lapses – Having a gap between insurance policy dates can be a sure-fire way to pay more for insurance coverage. In addition to paying higher rates, not being able to provide proof of insurance will get you a fine, jail time, or a revoked license.
• Drivers with good credit save – A driver’s credit rating is likely to be a major factor in determining your rates. Insureds with good credit tend to be better drivers and file fewer claims than those with lower credit scores. Therefore, if your credit score is lower than you’d like, you could save money insuring your 2008 Honda Accord if you improve your credit rating.
• Marriage can save you money – Having a wife or husband may earn you lower rates when shopping for insurance coverage. Having a spouse translates into being more mature and responsible and statistics prove drivers who are married are more cautious.

How to buy auto insurance

Most companies give insurance quotes directly from their websites. Doing online quotes is very simple as all you need to do is type in the coverage amounts you desire into the form. After the form is submitted, their system makes automated requests for your credit score and driving record and gives you a price quote determined by many factors. Quoting online streamlines rate comparisons, but the process of having to visit multiple sites and fill out multiple forms is a waste of time. Unfortunately, it is important to get many rate quotes if you are searching for better auto insurance pricing.

There is a better way to compare rates

The smarter way to get multiple rate quotes uses one form that gets prices from a lot of companies. It’s a real time-saver, requires much less work on your part, and makes rate comparisons much more efficient. Immediately after you send the form, it is rated with multiple companies and you can pick any one of the pricing results.

If one or more price quotes are lower than your current rates, you can simply submit the application and buy the policy. This process only takes a few minutes and can result in significant savings.

To quickly compare rates now, simply click here to open in new window and input your coverage information. To compare your current rates, we recommend that you enter deductibles and limits as shown on your current policy. This makes sure you will have rate quotes for the exact same coverage.

Auto insurance myths debunked

Consumers can’t ignore all the ads that promise big savings by 21st Century, Allstate and State Farm. All the companies make the point about how much you will save if you move to their company.

How do they all make the same claim?

Insurance companies give the cheapest rates for the type of driver that earns them the most money. For example, a desirable insured may be over the age of 50, has no claims, and drives a safe vehicle. Any new insured that fits those parameters will probably get cheap prices and will save when switching.

Consumers who cannot meet these standards must pay more expensive rates and this can result in the customer buying from a different company. If you pay attention, the ads say “drivers who switch” not “everyone that quotes” can get the lowest rates when switching. That is how companies can truthfully make it sound like they have such great car insurance rates.

This emphasizes why it’s extremely important to get price quotes at each policy renewal. It is impossible to guess which auto insurance company will have better rates than you’re paying now.

Take advantage of these premium-slashing discounts

Insurance is expensive, but companies offer discounts that could help you make your next renewal payment. A few discounts will be applied at the time of purchase, but some discounts are required to be manually applied before being credited.

• Memberships – Joining qualifying employment or professional organizations is a simple method to lower premiums on your policy.
• Military Discounts – Having a deployed family member could qualify you for better insurance rates.
• Switch and Save Discount – A few larger companies offer discounts for switching companies before your current coverage expires. This can save 10% or more.
• Safe Driver Discounts – Safe drivers could pay up to 40% less for Accord coverage compared to accident prone drivers.
• Payment Discounts – By paying your policy upfront rather than paying in monthly installments you can avoid the installment charge.
• No Claim Discounts – Insureds who avoid accidents and claims can earn big discounts in comparison to frequent claim filers.
• Passive Restraint Discount – Factory air bags or automatic seat belts can receive discounts of up to 25% or more.
• Good Students Pay Less – A discount for being a good student can save 20 to 25%. Earning this discount can benefit you up to age 25.
• Fewer Miles Equal More Savings – Low mileage vehicles can earn discounted insurancerates on garaged vehicles.

One thing to note about discounts is that most discounts do not apply to your bottom line cost. Most only reduce individual premiums such as physical damage coverage or medical payments. So even though they make it sound like you can get free auto insurance, it’s just not the way it works.

Some of the insurance companies who may offer these discounts are:

• Travelers
• 21st Century
• State Farm
• Geico
• SAFECO
• AAA

If you are trying to find low cost insurance coverage quotes, ask every company how you can save money. Savings might not be offered in your state. If you would like to choose from a list of providers that offer discounts, follow this link.

Do I need special coverages?

When choosing proper insurance coverage for your vehicles, there isn’t really a cookie cutter policy. Every insured’s situation is different so this has to be addressed. These are some specific questions can help discover whether your personal situation will benefit from professional help.

• Is my teen driver covered when they drive my company car?
• Can I make deliveries for my home business?
• What are the best liability limits?
• What are the financial responsibility laws in my state?
• Can I get a multi-policy discount?
• Is my vehicle covered by my employer’s policy when using it for work?
• Is extra glass coverage worth it?

If you don’t know the answers to these questions then you might want to talk to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It is quick, free and can help protect your family.

Insurance coverage considerations

Understanding the coverages of a insurance policy aids in choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Shown next are the normal coverages available from insurance companies.

Liability coverages

This protects you from damage that occurs to people or other property by causing an accident. It protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 25/50/25 that means you have $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against claims like emergency aid, repair costs for stationary objects and pain and suffering. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Medical expense coverage

Med pay and PIP coverage kick in for bills such as prosthetic devices, hospital visits, funeral costs, EMT expenses and nursing services. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers both the driver and occupants in addition to any family member struck as a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as damage to your Honda Accord.

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. So UM/UIM coverage should not be overlooked. Frequently the UM/UIM limits do not exceed the liability coverage limits.

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from 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 can pay for claims such as a broken windshield, hitting a bird, vandalism, a tree branch falling on your vehicle and falling objects. The most you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision protection

This coverage will pay to fix damage to your Accord resulting from colliding with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as backing into a parked car, driving through your garage door, colliding with a tree, hitting a parking meter and sideswiping another vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to choose a higher deductible to bring the cost down.

Summing up your auto insurance search

Cheaper auto insurance is definitely available both online in addition to many insurance agents, and you should be comparing both in order to have the best chance of saving money. There are still a few companies who may not offer online rate quotes and these smaller companies only sell through independent agents.

As you restructure your insurance plan, do not reduce coverage to reduce premium. In too many instances, an accident victim reduced liability limits or collision coverage only to discover later that the savings was not a smart move. The ultimate goal is to purchase plenty of coverage at the best possible price.

More tips and info about auto insurance can be read in these articles:

• Five Tips to Save on Auto Insurance (Insurance Information Insitute)
• Who Has Cheap Auto Insurance for a Honda Accord in Lubbock? (LubbockCoverage.com)
• Protecting Teens from Drunk Driving (Insurance Information Insitute)
• Understanding Your Insurance Deductible (Insurance Information Insitute)
• Child Safety FAQ (iihs.org)
• Avoiding Deer Collisions (Insurance Information Insitute)
• Medical Payments Coverage (Liberty Mutual)