Compare 2014 Honda Accord Insurance Rates

Want the cheapest auto insurance rates for your Honda Accord? Are you burned out from not being able to scrape enough together each month for auto insurance? You are no different than millions of other vehicle owners.

Companies like Progressive, Geico and Farmers Insurance all claim big savings with advertising and it is challenging if not impossible to sift through the bull and do the work needed to find the best deal.

It’s a good habit to take a look at other company’s rates before your policy renews because prices change frequently. If you had the lowest rates on Accord coverage at your last renewal there is a good chance you can find better premium rates now. Block out anything you think you know about auto insurance because we’re going to demonstrate one of the quickest ways to buy cheaper auto insurance.

Save a ton with these discounts

Auto insurance companies don’t always advertise every disount available very clearly, so here is a list both well-publicized and also the lesser-known discounts that you may qualify for.

• Pay Now and Pay Less – By paying your entire bill at once rather than paying in monthly installments you can actually save on your bill.
• Save with a New Car – Insuring a vehicle that is new is cheaper since new model year vehicles are generally safer.
• Anti-theft System – Cars that have factory anti-theft systems can help prevent theft and qualify for as much as a 10% discount.
• One Accident Forgiven – Not a discount per se, but companies like State Farm and Geico will forgive one accident before hitting you with a surcharge with the catch being you have to be claim-free for a particular time prior to the accident.
• Active Service Discounts – Being deployed with a military unit can result in better auto insurance rates.
• Renewal Discounts – A few auto insurance companies give discounts for switching to them before your current expiration date. This discount can save up to 10%.
• Paperless Signup – A handful of auto insurance companies may give you up to $50 for buying your policy over the internet.
• Driving Data Discount – Insureds that choose to allow driving data submission to look at driving habits remotely like Allstate’s Drivewise might see lower rates as long as they are good drivers.
• Discount for Home Ownership – Owning a home can earn you a little savings because owning a home requires a higher level of personal finance.

As is typical with insurance, most credits do not apply to the overall cost of the policy. Some only apply to individual premiums such as liability, collision or medical payments. So even though you would think you can get free auto insurance, companies wouldn’t make money that way.

A few of the larger companies and the discounts they provide can be read below.

• State Farm offers premium reductions for good student, good driver, safe vehicle, Drive Safe & Save, passive restraint, student away at school, and defensive driving training.
• Progressive discounts include online signing, good student, continuous coverage, multi-vehicle, and multi-policy.
• Progressive may have discounts that include online signing, good student, continuous coverage, multi-vehicle, and homeowner.
• MetLife includes discounts for good student, accident-free, defensive driver, good driver, multi-policy, claim-free
• Farm Bureau has savings for renewal discount, good student, multi-vehicle, 55 and retired, driver training, safe driver, and youthful driver.
• Geico may offer discounts for multi-vehicle, emergency military deployment, good student, membership and employees, and air bags.
• SAFECO offers discounts for teen safe driver, bundle discounts, multi-car, homeowner, teen safety rewards, and safe driver.

Check with all the companies to give you their best rates. Some discounts might not be offered on policies in every state. To see auto insurance companies that offer multiple discounts, click here to view.

Car insurance can be complex

When it comes to buying the right insurance coverage, there isn’t really a perfect coverage plan. Every situation is different and your policy should reflect that. Here are some questions about coverages that can aid in determining whether your personal situation could use an agent’s help.

• Will my rates increase for filing one claim?
• Does my policy cover me when driving someone else’s vehicle?
• Do I need replacement cost coverage on my 2014 Honda Accord?
• Am I covered if I break a side mirror?
• What if I total my 2014 Honda Accord and owe more than it’s worth?
• Does coverage extend to a rental car in a foreign country?
• How much liability insurance is required?
• Should I file a claim if it’s only slightly more than my deductible?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of car insurance companies in your area.

Information about specific coverages

Understanding the coverages of your policy can help you determine appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. These are the usual coverages offered by insurance companies.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for hospital visits, X-ray expenses, nursing services and chiropractic care. They are often used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

UM/UIM Coverage

This gives you protection when other motorists either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and damage to your 2014 Honda Accord.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Normally these limits do not exceed the liability coverage limits.

Liability insurance

This coverage protects you from damage or injury you incur to people or other property that is your fault. It protects you against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Another option is 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 bail bonds, repair bills for other people’s vehicles, loss of income, structural damage and repair costs for stationary objects. How much liability coverage do you need? That is your choice, but consider buying as high a limit as you can afford.

Comprehensive or Other Than Collision

Comprehensive insurance covers damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as vandalism, hitting a deer, hitting a bird and falling objects. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision protection

Collision insurance pays to fix your vehicle from damage caused by collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for things like hitting a parking meter, sideswiping another vehicle, sustaining damage from a pot hole and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. You can also bump up the deductible to bring the cost down.

Have money to burn

We covered a lot of tips how to reduce 2014 Honda Accord insurance premium rates online. The key concept to understand is the more companies you get prices for, the better likelihood of getting inexpensive insurance. Drivers may discover the best price on insurance coverage is with the least-expected company. They may cover specific market segments cheaper than the large multi-state companies such as Allstate, Geico and Progressive.

Cheaper insurance coverage can be found on the web and from local agencies, so you need to quote insurance with both in order to have the best price selection to choose from. Some insurance providers may not offer rate quotes online and many times these smaller companies only sell coverage through independent agents.

As you prepare to switch companies, it’s very important that you do not buy poor coverage just to save money. In many instances, consumers will sacrifice physical damage coverage and learned later that their decision to reduce coverage ended up costing them more. Your strategy should be to buy the best coverage you can find at a price you can afford, but do not skimp to save money.

More information can be found at these links:

• Distracted Driving (Insurance Information Insitute)
• Vehicle Insurance (Wikipedia)
• Smart Auto Insurance Tips (Insurance Information Insitute)
• Get the Right Protection (InsureUonline.org)
• Prom Night Tips for Teen Drivers (State Farm)
• Uninsured Motorist Statistics (Insurance Information Insitute)