Cheaper 1992 Honda Accord Insurance Rates

Searching for lower auto insurance rates for your Honda Accord? Have you fallen victim to overpriced auto insurance? Believe me, you’re not alone.

With so many insurance providers from which to choose, it can be hard to locate the best car insurance company.

Some factors that can determine what Honda Accord insurance costs

It’s important that you understand some of the elements that play a part in calculating the rates you pay for auto insurance. Understanding what impacts premium levels empowers consumers to make smart changes that may reward you with big savings.

  • Clean credit earns discounts – A driver’s credit score is a important factor in determining your rates. So if your credit is lower than you’d like, you could be paying less to insure your 1992 Honda Accord by spending a little time repairing your credit. Drivers who have high credit scores tend to be better drivers and file fewer claims as compared to drivers with poor credit.
  • Frequent auto insurance claims increase rates – Companies give lower rates to policyholders who do not file claims often. If you are a frequent claim filer, you can expect higher rates. Auto insurance is intended to be relied upon for major claims that would cause financial hardship.
  • Lower rates with optional equipment – Owning a car that has an advanced theft prevention system can help bring down rates. Anti-theft features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent car theft.
  • Do you need those extra coverages? – There are many additional coverages that can waste your money when buying auto insurance. Things like rental car reimbursement, accident forgiveness and additional equipment coverage are examples of these. They may seem good at first, but now you might not need them so remove them from your policy.
  • Do you qualify for a multi-policy discount? – The majority of companies provide better rates to people who have multiple policies with them, otherwise known as a multi-policy discount. Even with this discount, it’s still a good idea to compare other company rates to verify if the discount is saving money.
  • Women pay lower rates – Statistics demonstrate women tend to be less risk to insure than men. However, this does not mean men are worse drivers. Both sexes are in accidents at a similar rate, but men have costlier accidents. Men also receive more costly citations like reckless driving and DUI. Male drivers age 16 to 19 tend to get in the most accidents and thus pay the highest rates.
  • Occupation reflects on rates – Occupations like doctors, architects and stock brokers tend to have the highest rates because of job stress and long work hours. On the other hand, occupations such as actors, students and the unemployed receive lower rates on Accord insurance.
  • Having a spouse can save you money – Having a spouse actually saves money on your auto insurance policy. Having a significant other usually means you are more mature and responsible and it’s statistically proven that married drivers get in fewer accidents.

Compare Insurance Coverage Costs

The are a couple different ways of comparing price quotes from different insurance companies. By far the easiest way to compare 1992 Honda Accord insurance prices is to use the internet to compare rates. This can be accomplished in a couple of different ways.

One of the simplest ways to compare a lot of rates at once is a comparison rater form click here to open form in new window. This method saves time by eliminating repetitive form entry to each individual insurance coverage company. One form submission will return price quotes from multiple low-cost companies.

A different way to obtain and compare quotes online consists of visiting each individual company website and fill out their own quote form. For examples sake, we’ll pretend you want to compare rates from Liberty Mutual, Safeco and State Farm. To get rate quotes you would need to spend time on each company’s site and enter your information, which is why most consumers use the first method.

To view a list of companies in your area, click here.

It doesn’t matter which method you choose, just be sure to compare identical coverage information with every price quote. If you compare unequal deductibles or liability limits it will be next to impossible to determine the lowest rate for your Honda Accord. Having just a slight variation in insurance coverages can make a big difference in price. It’s important to know that more quotes will enable you to find lower pricing.

Buyer beware of insurance advertising tricks

Insurance providers like GEICO, State Farm and Progressive regularly use ads on TV and radio. They all make an identical promise of big savings if you move your coverage to them. How do they all claim to save you money? It’s all in the numbers.

All companies have a certain “appetite” for the type of driver that is profitable for them. An example of a preferred risk might be profiled as over the age of 50, has no tickets, and has great credit. A customer who matches those parameters is entitled to the best price and therefore will save a lot of money.

Consumers who are not a match for the “perfect” profile will have to pay higher prices which usually ends up with the customer not buying. The ads state “customers that switch” not “everyone that quotes” save that much money. That is how companies can truthfully advertise the savings. Because of the profiling, you need to compare many company’s rates. You cannot predict which insurance company will give you the biggest savings on Honda Accord insurance.

Be sure to get all your discounts

Companies that sell car insurance don’t always list all their discounts very well, so we researched both well-publicized and the more hidden discounts you could be receiving.

  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles can reduce accidents and earn discounts up to 10%.
  • Multi-policy Discount – When you have multiple policies with the same insurance company you could get a discount of at least 10% off all policies.
  • Life Insurance – Some companies give a break if you buy life insurance from them.
  • Service Members Pay Less – Being deployed with a military unit could mean lower rates.
  • Good Students Pay Less – Performing well in school can save 20 to 25%. The discount lasts up until you turn 25.

A little note about advertised discounts, some credits don’t apply the the whole policy. A few only apply to individual premiums such as collision or personal injury protection. So when it seems like you could get a free insurance coverage policy, you’re out of luck.

For a list of companies who offer insurance coverage discounts, click here.

How do I know if I need professional advice?

When it comes to choosing the best insurance coverage, there really is no single plan that fits everyone. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For instance, these questions could help you determine if you may require specific advice.

  • What is medical payments coverage?
  • What is the ISO rating for a 1992 Honda Accord?
  • Does my insurance cover a custom paint job?
  • Are my tools covered if they get stolen from my vehicle?
  • What if I total my 1992 Honda Accord and owe more than it’s worth?
  • How much liability coverage do I need in my state?
  • Do I really need UM/UIM coverage?
  • When would I need additional glass coverage?
  • Is my 1992 Honda Accord covered for flood damage?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.

Car insurance coverage information

Understanding the coverages of your car insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. Policy terminology can be confusing and nobody wants to actually read their policy. Listed below are the normal coverages offered by car insurance companies.

Collision coverage – This coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as scraping a guard rail, hitting a parking meter, crashing into a building, rolling your car and crashing into a ditch. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.

Comprehensive coverage – This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like hitting a bird, damage from getting keyed, theft and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage provides protection when other motorists do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your Honda Accord.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Liability insurance – Liability coverage can cover damages or injuries you inflict on other people or property that is your fault. This coverage protects you from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability coverage protects against things such as medical services, attorney fees, medical expenses, bail bonds and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as funeral costs, hospital visits, dental work and prosthetic devices. They are often used in conjunction with a health insurance plan or if you do not have health coverage. It covers both the driver and occupants and will also cover being hit by a car walking across the street. PIP is not universally available and gives slightly broader coverage than med pay

Quote more. Save more.

In this article, we covered a lot of information how to lower your 1992 Honda Accord insurance rates. The key concept to understand is the more rate comparisons you have, the higher the chance of saving money. Drivers may discover the lowest priced auto insurance comes from some of the lesser-known companies. These smaller insurers can often provide lower rates in certain areas compared to the large companies like Allstate and Progressive.

Cheaper insurance is possible from both online companies in addition to many insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance companies do not provide the ability to get a quote online and these small insurance companies work with independent agents.

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