Want lower car insurance rates for your Honda Accord? Perplexed by the number of car insurance choices? You’re not alone. People have so many companies to choose from that it can quickly become a real challenge to locate the lowest price.
It’s a good idea to compare prices at least once a year because rates are rarely the same from one policy term to another. Even if you got the best rates on Accord coverage on your last policy the chances are good that you can find a lower rate today. So forget all the misinformation about car insurance because you’re going to get a crash course in one of the quickest ways to lower your annual insurance bill.
Smart consumers have a good feel for the different types of things that go into determining car insurance rates. Understanding what determines base rates empowers consumers to make smart changes that can help you get big savings.
Listed below are a partial list of the pieces used by your company to calculate your rates.
Insurance can be prohibitively expensive, but there could be available discounts that many people don’t even know exist. Certain discounts will be applied when you get a quote, but less common discounts must be manually applied before you get the savings.
A little note about advertised discounts, some credits don’t apply to the entire policy premium. A few only apply to specific coverage prices like liability and collision coverage. So despite the fact that it appears you could get a free auto insurance policy, you won’t be that lucky. Any qualifying discounts will bring down the cost of coverage.
For a list of companies with discount auto insurance rates, click here.
Insurance coverage companies such as GEICO, State Farm and Progressive consistently run television and radio advertisements. They all seem to say the same thing that you’ll save big if you change your coverage to them. How does each company say the same thing?
Insurance companies have a preferred profile for the right customer they prefer to insure. A good example of a driver they prefer could be over the age of 40, has no tickets, and has excellent credit. Any driver that hits that “sweet spot” will get very good rates and is almost guaranteed to save when they switch companies.
Drivers who fall outside the “perfect” profile will be charged higher rates and ends up with business not being written. The ads say “drivers who switch” not “everybody who quotes” save that much money. That’s the way insurance companies can confidently claim big savings.
That is why drivers must compare many company’s rates. It’s not possible to predict which insurance coverage company will provide you with the cheapest Honda Accord insurance rates.
When buying adequate coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s.
Here are some questions about coverages that may help highlight whether your personal situation will benefit from professional help.
If you’re not sure about those questions, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form.
Having a good grasp of your insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy.
Liability insurance provides protection from damage that occurs to a person or their property. This insurance protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 25/50/25 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Another option is a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.
Liability coverage pays for things like medical services, emergency aid, structural damage and funeral expenses. How much coverage you buy is up to you, but it’s cheap coverage so purchase as large an amount as possible.
Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims like theft, hitting a deer, vandalism, a broken windshield and hitting a bird. The highest amount your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.
Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for things like hospital visits, ambulance fees and pain medications. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage
This 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 2008 Honda Accord.
Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently the UM/UIM limits are set the same as your liablity limits.
Collision insurance pays for damage to your Accord resulting from a collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things such as hitting a parking meter, crashing into a building, crashing into a ditch and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. You can also raise the deductible in order to get cheaper collision rates.
Cheap 2008 Honda Accord insurance is available online in addition to many insurance agents, and you should be comparing both so you have a total pricing picture. Some car insurance companies do not provide online price quotes and many times these smaller companies only sell through independent insurance agents.
Drivers change insurance companies for many reasons like not issuing a premium refund, policy non-renewal, high rates after DUI convictions or even poor customer service. It doesn’t matter why you want to switch finding a new car insurance company can be pretty painless.
We just covered a lot of tips how to compare insurance prices online. The key concept to understand is the more rate quotes you have, the better your comparison will be. Consumers could even find that the best price on car insurance is with the smaller companies.
Additional car insurance information is available on the following sites: