Cheap 2015 Honda Accord Insurance Cost

Drivers have a choice when trying to find low-cost Honda Accord insurance. You can either spend your time driving around trying to get quotes or use the internet to make rate comparisons. There is a better way to buy insurance coverage and you need to know the absolute fastest way to price shop coverage for a new or used Honda and find the lowest possible price from local insurance agents and online providers.

It’s smart to get comparison quotes periodically because prices change quite often. Just because you had the best quotes for Accord insurance last year a different company probably has better rates today. There is a lot of bad advice regarding insurance coverage online, but you can learn a bunch of ideas how to reduce your insurance coverage bill.

The Honda Accord insurance rate equation

A large part of saving on insurance is knowing some of the things that aid in calculating the rates you pay for insurance. When you know what positively or negatively influences your rates, this allows you to make good choices that may result in lower rates. Multiple criteria are considered when quoting car insurance. Some are obvious such as your driving history, but some are less apparent such as your credit history or your commute time.

  • How much liability insurance do you need? – Liability insurance will afford coverage when you are responsible for damages caused by your negligence. Your policy’s liability insurance provides for a legal defense which can be incredibly expensive. It is affordable coverage as compared to coverage for physical damage, so buy as much as you can afford.
  • With age comes lower prices – Young drivers are known to be more careless behind the wheel so insurance rates are higher. More mature drivers are viewed as being more responsible, are lower risk to insure , and usually have better credit.
  • Only buy coverage you need – There are many add-on coverages that you can get tricked into buying if you aren’t careful. Coverage for things like rental car coverage, accident forgiveness, and extra life insurance coverage may be costing you every month. The coverages may be enticing at first, but if you have no use for them remove them and pocket the money.
  • Discounts for GPS tracking and theft deterrents – Purchasing a vehicle with advanced anti-theft systems can help bring down rates. Anti-theft features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems help track and prevent your car from being stolen.
  • Lower stress equals lower prices – Do you have a high-stress occupation? Jobs such as lawyers, architects and accountants usually pay higher rates than average due to intense work requirements and lengthy work days. On the other hand, occupations like professors, historians and performers get better rates for Accord insurance.

Discounts can really help to save

Auto insurance companies do not list all discounts very well, so the list below gives a summary of both the well known as well as the least known credits available to you.

  • Anti-theft Discount – Cars and trucks equipped with tracking devices and advanced anti-theft systems have a lower chance of being stolen and therefore earn up to a 10% discount.
  • Cautious Driver Discounts – Insureds who avoid accidents can save up to 40% or more on their auto insurance quote for Accord insurance as compared to drivers with claims.
  • Good Students Pay Less – This discount can earn a discount of 20% or more. Many companies even apply the discount to college students well after school through age 25.
  • E-sign – Certain insurance coverage companies may give you up to $50 get auto insurance digitally online.
  • Seat Belts Save – Requiring all passengers to wear their seat belts can save 10% or more off PIP or medical payments premium.
  • College Student Discount – Youth drivers who live away from home at college and don’t have a car could qualify for this discount.
  • Driver Safety – Taking a course that instructs on driving safety is a good idea and can lower rates if you qualify.

While discounts sound great, it’s important to understand that most discount credits are not given to the entire cost. Some only reduce individual premiums such as physical damage coverage or medical payments. Even though it appears it’s possible to get free car insurance, insurance companies wouldn’t stay in business. But any discount will definitely reduce your insurance coverage premiums.

Companies and some of the premium reductions they offer are outlined below.

  • State Farm may offer discounts for multiple policy, passive restraint, multiple autos, Drive Safe & Save, and good driver.
  • Farmers Insurance policyholders can earn discounts including pay in full, mature driver, electronic funds transfer, good student, and early shopping.
  • Progressive discounts include online quote discount, homeowner, multi-vehicle, continuous coverage, good student, online signing, and multi-policy.
  • Geico offers discounts including anti-theft, military active duty, membership and employees, seat belt use, five-year accident-free, multi-vehicle, and emergency military deployment.
  • Auto-Owners Insurance has discounts for mature driver, safe vehicle, paperless, multiple vehicles, and multi-policy.
  • The Hartford offers discounts for good student, defensive driver, driver training, air bag, anti-theft, and vehicle fuel type.
  • Farm Bureau may include discounts for 55 and retired, safe driver, good student, renewal discount, multi-vehicle, driver training, and youthful driver.
  • USAA offers premium reductions for vehicle storage, new vehicle, defensive driver, military installation, loyalty savings, and family discount.

If you want cheap auto insurance quotes, ask every company which discounts you may be entitled to. Some discounts might not apply in every state. To see companies that have a full spectrum of discounts, click here to view.

Do drivers who switch really save $459 a year?

Consumers can’t get away from all the ads that claim the lowest rates from the likes of Progressive, Allstate and Geico. They all seem to advertise the message about saving some big amount just by switching your policy.

That’s great but how can every company give you a lower rate? It’s all in the numbers.

All the different companies have an ideal profile for the type of driver that will most likely be profitable. One example of a preferred risk could be over the age of 50, has no prior claims, and the vehicle is rated for pleasure use. A driver who meets those qualifications will probably get the lowest premium rates and will save if they switch.

People who fall short of the ideal profile may receive more expensive rates and the customer not purchasing. The ad wording is “drivers who switch” but not “all drivers who get quotes” save money. That’s the way companies can truthfully state the savings. Each company has different criteria, so you absolutely need to compare quotes as often as possible. It’s impossible to know which company will have the lowest rate quotes.

Will just any policy work for me?

When it comes to buying the best insurance coverage for your vehicles, there really is not a perfect coverage plan. Every situation is different.

These are some specific questions could help you determine if you might need professional guidance.

  • Do I need medical payments coverage since I have good health insurance?
  • Is my nanny covered when driving my vehicle?
  • Can I afford to buy a different vehicle if my 2015 Honda Accord is totaled?
  • Am I covered when using my vehicle for business?
  • Does my personal policy cover me when driving out-of-state?
  • What is the difference between comprehensive and collision coverage?
  • Can my teen driver be rated on a liability-only vehicle?
  • Does my insurance cover my expensive audio equipment?
  • Do I need roadside assistance coverage?
  • If I drive on a suspended license am I covered?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to an insurance agent. To find lower rates from a local agent, complete this form. It’s fast, doesn’t cost anything and may give you better protection.

Auto insurance coverage specifics

Knowing the specifics of auto insurance can help you determine appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.

Coverage for liability

This coverage will cover damage or injury you incur to a person or their property in an accident. It protects YOU from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and $50,000 of coverage for damaged property.

Liability coverage protects against things like court costs, emergency aid, medical expenses and attorney fees. How much liability coverage do you need? That is up to you, but consider buying higher limits if possible.

Medical expense coverage

Med pay and PIP coverage provide coverage for bills like hospital visits, pain medications, chiropractic care and funeral costs. The coverages can be utilized in addition to your health insurance plan or if you lack health insurance entirely. They cover you and your occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

Comprehensive protection

This coverage covers damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like falling objects, rock chips in glass and hitting a deer. The maximum amount your auto insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision coverage protection

This coverage covers damage to your Accord resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like colliding with a tree, damaging your car on a curb, sideswiping another vehicle and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. You can also choose a higher deductible to get cheaper collision coverage.

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered claims include medical payments for you and your occupants and damage to your Honda Accord.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Final thoughts

As you quote auto insurance, it’s very important that you do not buy lower coverage limits just to save a few bucks. There have been many situations where an accident victim reduced uninsured motorist or liability limits only to discover later that they should have had better coverage. Your objective should be to buy enough coverage at the lowest possible cost, but do not sacrifice coverage to save money.

In this article, we presented many ideas to compare 2015 Honda Accord insurance rates online. The key concept to understand is the more times you quote, the higher your chance of finding affordable auto insurance. Drivers may discover the best rates are with the smaller companies.

Budget-conscious 2015 Honda Accord insurance is available online and from local agencies, so you need to shop auto insurance with both to get a complete price analysis. Some auto insurance companies do not provide rate quotes online and many times these smaller providers work with independent agents.

To learn more, link through to the resources below:

Comments About 2015 Honda Accord Insurance

  1. Rosaline Bullock

    I’ve bought from Allstate forever. Cheapest rates in Kansas City, Missouri.

  2. Wilson Collier

    Affordable car insurance is a myth. I’m from Montgomery, AL. Quoted with Travelers, Auto-Owners, Hanover, and Nationwide for my Honda and I think I saved about $30 each month. You can get a rate quote online.

  3. Logan Stone

    Need cheaper insurance rates for my teenage driver in Bellevue, Nebraska!!

  4. Tatyana Cabrera

    Anyone compare Progressive and State Farm rates in Fargo, ND?

  5. Johnette Hull

    Here’s what I found out. Lifelong resident of Warwick, RI. Quoted quotes with Amica, Farmers, and MetLife for my Accord and saved $493 a year. I get lower rates because of my clean driving record. Not sure if rates are cheaper online or through an agent.

  6. Annita Stark

    If you don’t have tickets and live around Greensboro, North Carolina, check out Allstate. I saved quite a bit. Insured with Auto-Owners before. I think they have home insurance too.

  7. Barbie Curry

    I’m in Cincinnati, Ohio, and Progressive rates were affordable.

  8. Ava Bowman

    If you have a good history and live in the vicinity of Newark, NJ, check out GEICO. I saved quite a bit.