How Much Does 2001 Honda Accord Car Insurance Cost?

Looking for lower insurance rates for your Honda Accord? Frustrated by the number of insurance providers in your area? You’re not alone. people have so many providers to choose from that it can quickly become a difficult mission to locate the lowest rates.

If you are paying for car insurance now, you will most likely be able to reduce your rates substantially using this information. Finding affordable car insurance is not that difficult. Although consumers must comprehend how insurance companies compete online and apply this information to your search.

Where can I get low cost insurance?

Effectively comparing insurance prices can be a lot of work if you don’t understand the most efficient way. You could spend your day talking to insurance agencies in your area, or you could save time and use online quoting to accomplish the same thing much quicker.

Many insurance companies are enrolled in a marketplace where prospective buyers submit one quote, and each company returns a rated price based on that data. This prevents consumers from doing quote requests for each company.

To find out how much you can save on insurance click here (opens in new window).

The one downside to doing it this way is that you can’t choose which carriers to get pricing from. If you prefer to choose individual companies for rate comparison, we have assembled a list of insurance companies in your area. Click to view list.

The approach you take is up to you, just be sure you’re using equivalent coverage limits and deductibles with every price quote. If you compare different liability limits it will be impossible to make a fair rate comparison. Just slight variations in limits can result in a big premium difference. Keep in mind that comparing more rates from different companies increases your odds of finding a better price. Some smaller insurers to not give rate quotes online, so it’s necessary to compare quotes from the smaller companies as well.

Discounts for lower-cost auto insurance quotes

Some insurers do not advertise their entire list of discounts very well, so the below list has both the well known as well as some of the hidden credits that you can use to lower your rates.

  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to buckle their seat belts could cut 10% or more off the medical payments premium.
  • Waiver for an Accident – Not necessarily a discount, but some insurance companies permit an accident without the usual rate increase with the catch being you have to be claim-free before the accident.
  • Anti-theft Discount – Cars, trucks, and SUVs equipped with anti-theft or alarm systems help deter theft and earn discounts up to 10% off your car insurance quote.
  • Mature Driver Discount – Older drivers could receive a slight reduction on a car insurance quote for Accord coverage.
  • Drive Safe and Save – Safe drivers can save up to 40% or more on their car insurance quote for Accord coverage compared to rates paid by drivers with frequent claims.

Drivers should understand that most discounts do not apply the the whole policy. Most only cut the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like you could get a free auto insurance policy, auto insurance companies aren’t that generous.

Car insurance companies that may offer quotes with most of these discounts include:

If you need lower rates, check with all companies you are considering to apply every possible discount. Some discounts listed above may not be available everywhere. To see providers who offer free auto insurance quotes, follow this link.

You may need specialized insurance coverage coverage

When it comes to choosing proper insurance coverage for your vehicles, there really is no single plan that fits everyone. Everyone’s needs are different.

These are some specific questions may help you determine if your insurance needs might need professional guidance.

  • What is covered by UM/UIM coverage?
  • Does car insurance cover theft of personal property?
  • Should I buy more coverage than the required minimum liability coverage?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Should I waive the damage coverage when renting a car?
  • Exactly who is provided coverage by my policy?
  • How high should my medical payments coverage be?
  • How does medical payments coverage work?
  • Do I have coverage if my license is suspended?
  • How do I buy GAP insurance?

If it’s difficult to answer those questions, you may need to chat with an agent. If you want to speak to an agent in your area, take a second and complete this form.

Why informed drivers pay less for Honda Accord insurance

Many things are taken into consideration when quoting car insurance. Some are pretty understandable such as your driving record, although some other factors are less obvious such as your marital status and annual miles driven.

  • Vehicle theft costs us all – Choosing a vehicle that has an advanced theft prevention system can get you a discount on your auto insurance. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart vehicle theft.
  • Cautious drivers pay less – Attentive drivers get better prices as compared to those with violations. Even a single ticket can boost insurance rates forty percent or more. Drivers with serious citations like DUI or reckless driving might be required by their state to file a SR-22 with their state motor vehicle department in order to prevent their license from being revoked.
  • Vocation impacts prices – Did you know that where you work can have an impact on rates? Occupational choices like lawyers, executives and emergency personnel generally pay higher average rates due to stressful work requirements and lots of time spent at work. Other careers such as professors, historians and homemakers have the lowest average rates for Accord coverage.
  • Reduce prices by staying claim free – If you file claims often, you can look forward to increased rates or even have your policy non-renewed. Companies generally give cheaper rates to drivers that do not abuse their auto insurance. Auto insurance is meant to be used in the event of major claims that would cause financial hardship.
  • Policy add-ons may not be needed – There are a ton of extra bells and whistles that can waste your money when buying auto insurance. Coverages like replacement cost coverage, accidental death, and term life insurance may be costing you every month. They may seem like a good idea when discussing your needs, but your money might be better spent on other coverage so think about removing them and cutting costs.
  • See if your company offers a multi-policy discount – Lots of companies provide lower prices to insureds that buy multiple policies, otherwise known as a multi-policy discount. Even if you qualify for this discount already, it’s always a smart idea to compare other company rates to help guarantee you have the best rates.

Are auto insurance companies telling the truth?

Auto insurance companies such as State Farm, GEICO and Progressive constantly bombard you with ads in print and on television. They all make an identical promise that you’ll save big if you change your auto insurance policy to them. How does each company charge you less for car insurance? Here is how they do it.

Insurance providers offer their best rates for the type of customer that makes them money. For instance, a preferred risk might be between 25 and 40, owns a home, and insures a new vehicle. Any new insured that fits those parameters will probably get the lowest rates and have a good chance to cut their rates substantially.

Consumers who are not a match for the “perfect” profile may be forced to pay a higher rate with the end result being the customer not buying. The wording the ads use say “customers that switch” not “all people who quote” save that kind of money. This is how companies can truthfully make claims like that.

Because each company has a different risk profile, you really need to do a rate comparison at every renewal. It is just not possible to predict which auto insurance company will be your best fit.

Auto insurance coverage options for a 2001 Honda Accord

Understanding the coverages of a auto insurance policy can help you determine the right coverages and proper limits and deductibles. Auto insurance terms can be impossible to understand and nobody wants to actually read their policy.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses such as hospital visits, rehabilitation expenses, prosthetic devices, ambulance fees and EMT expenses. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. They cover you and your occupants as well as any family member struck as a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Collision coverage

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

Collision can pay for claims like hitting a parking meter, sideswiping another vehicle, backing into a parked car and sustaining damage from a pot hole. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.

Liability coverages

Liability insurance protects you from damages or injuries you inflict on other’s property or people. It protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for things like attorney fees, pain and suffering, repair bills for other people’s vehicles and structural damage. How much liability coverage do you need? That is your choice, but you should buy higher limits if possible.

Comprehensive coverage

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like theft, hail damage, falling objects, hitting a deer and vandalism. The maximum amount your auto insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family as well as damage to your Honda Accord.

Since 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. Normally the UM/UIM limits are set the same as your liablity limits.

A fool and his money are soon parted

Cheaper 2001 Honda Accord insurance is possible both online and from local agencies, so you should compare both to have the best selection. Some insurance companies may not have online quoting and these regional carriers sell through independent agencies.

As you shop your coverage around, make sure you don’t reduce needed coverages to save money. There have been many situations where an accident victim reduced comprehensive coverage or liability limits only to regret at claim time that the savings was not a smart move. Your aim should be to get the best coverage possible at an affordable rate, but do not sacrifice coverage to save money.

People leave their current company for any number of reasons including denial of a claim, lack of trust in their agent, poor customer service or policy non-renewal. It doesn’t matter why you want to switch switching insurance companies is not as hard as you think.

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