1993 Honda Accord Car Insurance Cost – 6 Policy Discounts

I can’t think of a single person who loves paying for insurance, in particular when their premiums are too high.

Many car insurance companies vie for your business, so it can be very hard to choose a provider to find the lowest cost out there.

Smart consumers take time to get comparison quotes quite often due to the fact that insurance prices tend to go up over time. Even if you think you had the best price for Accord insurance a year ago the chances are good that you can find a lower rate quote today. Ignore everything you know about insurance because we’re going to demonstrate the tricks you need to know to find better coverage at a better price.

If you are paying for car insurance now, you will be able to save some money using these methods. Choosing the best insurance company for you is quite easy. But vehicle owners must comprehend the methods companies use to price insurance differently and use this information to your advantage.

Low cost auto insurance

Shopping for lower auto insurance rates can be a lot of work if you don’t utilize the most efficient way to do it. You can waste a few hours (or days) talking to agents in your area, or you could use online quotes to accomplish the same thing much quicker.

Many of the larger companies participate in a marketplace that allows shoppers to only type in their quote data once, and every company can give them a price based on that information. This saves time by eliminating quote forms for each company you want a rate for.

To compare rates now click to open in new window.

The one disadvantage to using this type of system is that consumers can’t choose the companies you want pricing from. So if you want to select specific insurance companies to compare rates, we put together a list of low cost auto insurance companies in your area. Click here for list of insurance companies.

How you compare quotes is your choice, just make sure you are using nearly identical coverages with each company. If each company quotes different limits and deductibles on each one you will not be able to make a fair rate comparison. Just slight variations in insurance coverages or limits may result in a large different in cost. And when comparing auto insurance rates, know that obtaining a wide range of quotes will increase your chances of finding more affordable rates. Some regional insurers cannot provide prices over the internet, so it’s important to compare rates from the smaller companies as well.

Everyone needs different insurance coverage coverages

When buying the best insurance coverage coverage, there really is no perfect coverage plan. Everyone’s situation is a little different so this has to be addressed. Here are some questions about coverages that might point out whether or not you would benefit from an agent’s advice.

  • What is medical payments coverage?
  • Do I benefit by insuring my home with the same company?
  • Can I rate high risk drivers on liability-only vehicles?
  • What is the ISO rating for a 1993 Honda Accord?
  • Should I carry comprehensive and collision coverage?
  • What is the minimum liability in my state?
  • Does coverage extend to my business vehicle?
  • Is my nanny covered when driving my vehicle?
  • Is pleasure use cheaper than using my 1993 Honda Accord to commute?
  • Am I covered if I wreck a rental car?

If you can’t answer these questions, you may need to chat with a licensed insurance agent. To find 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.

Coverages available on your policy

Understanding the coverages of insurance helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Shown next are the normal coverages found on the average insurance policy.

Liability – This protects you from damage that occurs to other’s property or people that is your fault. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage protects against things like structural damage, medical services and repair bills for other people’s vehicles. How much coverage you buy is a personal decision, but consider buying as large an amount as possible.

Collision – Collision coverage covers damage to your Accord caused by collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as hitting a mailbox, damaging your car on a curb, hitting a parking meter and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Uninsured or underinsured coverage – This provides protection when the “other guys” do not carry enough liability coverage. This coverage pays for injuries to you and your family and damage to your Honda Accord.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Comprehensive protection – This coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like damage from a tornado or hurricane, hail damage, a tree branch falling on your vehicle, vandalism and hitting a bird. The most you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like dental work, EMT expenses, hospital visits and prosthetic devices. They are often used to fill the gap from your health insurance program or if you are not covered by health insurance. They cover all vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is only offered in select states and may carry a deductible