2001 Honda Accord Car Insurance Quotes

Searching for lower auto insurance rates for your Honda Accord? Are you a victim of overpriced auto insurance? Trust us, there are a lot of people just like you who feel imprisoned by their auto insurance policy. There is such a variety of insurers to buy insurance from, and though it is a good thing to have a selection, having more insurers makes it harder to compare rates and find the lowest cost auto insurance.

You should take the time to take a look at other company’s rates on a regular basis due to the fact that insurance rates go up and down regularly. If you had the best price on Accord coverage six months ago you can probably find a better price now. Forget anything you know (or think you know) about auto insurance because we’re going to demonstrate the best methods to find the best coverage while lowering your premiums.

This information will help educate you on the most effective way to quote insurance and some money-saving tips. If you currently have car insurance, you should be able to lower your premiums substantially using this strategy. Drivers only need to know the proper methods to compare rates online.

Honda Accord premiums are determined by many factors

Smart consumers have a good feel for the different types of things that come into play when calculating your car insurance rates. Understanding what determines base rates allows you to make educated decisions that could result in much lower annual insurance costs.

The list below includes a partial list of the pieces companies use to determine premiums.

  • Males pay more for insurance – Statistics have proven that men are more aggressive behind the wheel. However, don’t assume that men are WORSE drivers than women. Women and men are in accidents at a similar rate, but the men cause more damage and cost insurance companies more money. Men also statistically have more aggressive citations like reckless driving and DUI.
  • More miles equals more premium – The more you drive in a year the higher your rates will be. Most companies price each vehicle’s coverage based on their usage. Vehicles that are left in the garage get more affordable rates compared to those used for work or business. Improper usage on your Accord can cost quite a bit. Verify your car insurance policy is rated on the correct driver usage.
  • Being married can save on car insurance – Being married actually saves money on your car insurance policy. Marriage translates into being more mature and it’s statistically proven that married couples file fewer claims.
  • Mature drivers pay less – Older insureds are viewed as being more responsible, tend to file fewer claims and get fewer tickets. Teenage drivers are statistically proven to be less responsible when behind the wheel and because of this, their car insurance rates are much higher.
  • Lower rates with optional equipment – Owning a car that has an advanced theft prevention system can get you a discount on your car insurance. Theft prevention features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent your vehicle from being stolen.
  • Where you live can impact rates – Living in a rural area has it’s advantages when insuring your vehicles. Urban drivers have to deal with congested traffic and longer commutes to work. Lower population means reduced accidents and also fewer theft and vandalism claims.
  • Multiple policies with one company can save – Some car insurance companies give discounts to policyholders who buy several policies from them in the form of a multi-policy discount. Even though this discount sounds good, it’s in your best interest to compare other company rates to ensure the best deal. Drivers may still find better rates by buying insurance from more than one company.
  • Don’t buy coverages you don’t need – There are a lot of extra bells and whistles that can waste your money if you aren’t careful. Insurance for personal injury protection, accident forgiveness and motor club memberships may be wasting your money. These may sound like a good investment when you first buy your policy, but if you don’t need them eliminate the coverages to reduce your premium.

Vehicle Insurance Comparison

Most companies give price estimates online. This process is quite simple as you just enter your personal and coverage information as requested by the quote form. Once entered, the system will obtain credit information and your driving record and quotes a price. Being able to quote online makes comparing rates easy, but the work required to visit several different sites and fill out multiple forms is not the best way to spend an afternoon. But it is imperative to have as many quotes as possible in order to find the best price possible.

An easier way to get multiple rate quotes is to use a quote form that gets prices from a bunch of companies at once. It saves time, requires less work, and makes online price comparison a little more enjoyable. Immediately after submitting the form, it gets priced with multiple companies and you can pick any or none of the price quotes you receive.

If the quotes result in lower rates, you can click and sign and purchase the new policy. The whole process only takes a few minutes and you will know how your current rates stack up.

To quickly compare pricing, click here to open in a new tab and submit your coverage information. If you currently have coverage, we recommend you replicate the insurance coverages as shown on your current policy. Doing this guarantees you will have rate comparison quotes for similar insurance coverage.

Advertising myths

Consumers constantly see and hear ads for car insurance savings by companies like GEICO, State Farm and Progressive. They all make an identical promise that you can save if you switch to them.

How does each company claim to save you money? This is how they do it.

Different companies have a certain “appetite” for the type of driver they prefer to insure. For instance, a preferred risk could possibly be between 30 and 50, has no prior claims, and drives newer vehicles. A customer getting a price quote who fits that profile will get very good rates and therefore will pay quite a bit less when switching companies.

Potential insureds who do not match the “perfect” profile must pay a more expensive rate and ends up with business going elsewhere. The ad wording is “customers that switch” not “people who quote” save money. That’s why insurance companies can confidently advertise the way they do.

This illustrates why you should get as many comparisons as possible. It’s just too difficult to predict which company will give you the biggest savings on Honda Accord insurance.

Don’t overlook these discounts

Insuring your fleet can be pricey, but there could be available discounts that you may not even be aware of. A few discounts will automatically apply when you complete an application, but lesser-known reductions have to be requested specifically before you will receive the discount. If you aren’t receiving every discount possible, you’re paying more than you need to.

  • Theft Prevention Discount – Vehicles with anti-theft systems are stolen less frequently and earn discounts up to 10%.
  • Own a Home – Being a homeowner may trigger a car insurance policy discount because of the fact that having a home requires personal responsibility.
  • Fewer Miles Equal More Savings – Keeping the miles down on your Honda could qualify for better rates on cars that stay parked.
  • Sign Early and Save – Some companies give discounts for buying a policy before your current policy expires. It can save you around 10%.
  • Passive Restraints – Cars that have air bags or automatic seat belts may earn rate discounts of up to 25% or more.
  • Payment Discounts – If you pay your bill all at once rather than paying monthly you could save up to 5%.

A little note about advertised discounts, some credits don’t apply to all coverage premiums. Most only apply to the cost of specific coverages such as collision or personal injury protection. Even though it may seem like having all the discounts means you get insurance for free, it doesn’t quite work that way. Any qualifying discounts will cut your overall premium however.

For a list of insurers with the best car insurance discounts, click here.

Is my situation unique?

When it comes to buying coverage for your personal vehicles, there really is not a “best” method to buy coverage. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions can aid in determining if your situation would benefit from an agent’s advice.

  • Do I need special endorsements for business use of my vehicle?
  • Am I covered if my car is in a flood?
  • Do I need medical payments coverage since I have good health insurance?
  • Does coverage extend to my business vehicle?
  • Are rental cars covered under my policy?
  • Am I covered if I wreck a rental car?
  • Does car insurance cover theft of personal property?
  • Is my 2001 Honda Accord covered for smoke damage?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.

Coverages available on your auto insurance policy

Learning about specific coverages of your auto insurance policy aids in choosing the right coverages and proper limits and deductibles. The terms used in a policy can be confusing and nobody wants to actually read their policy. Below you’ll find the usual coverages found on most auto insurance policies.

Collision protection

Collision coverage pays for damage to your Accord resulting from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as crashing into a ditch, colliding with another moving vehicle and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. You can also raise the deductible to get cheaper collision coverage.

Liability coverage

This can cover injuries or damage you cause to other people or property in an accident. It protects you from claims by other people. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims such as structural damage, repair bills for other people’s vehicles, pain and suffering and attorney fees. The amount of liability coverage you purchase is your choice, but consider buying as much as you can afford.

Insurance for medical payments

Coverage for medical payments and/or PIP kick in for expenses for things like pain medications, rehabilitation expenses, ambulance fees, hospital visits and funeral costs. The coverages can be used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your Honda Accord.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Normally the UM/UIM limits are set the same as your liablity limits.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as damage from getting keyed, fire damage, a tree branch falling on your vehicle, theft and vandalism. The most you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

A tidy conclusion

As you restructure your insurance plan, it’s a bad idea to sacrifice coverage to reduce premiums. In many instances, someone dropped full coverage and discovered at claim time that they should have had better coverage. Your aim should be to buy enough coverage at an affordable rate while not skimping on critical coverages.

You just read many tips how you can shop for 2001 Honda Accord insurance online. It’s most important to understand that the more rate quotes you have, the higher the chance of saving money. You may even discover the lowest rates come from the smaller companies. These companies can often insure niche markets at a lower cost compared to the large companies like GEICO and State Farm.

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