2002 Honda Accord Insurance Quotes – 5 Ways to Save

Scraping up a payment for high-priced Honda Accord insurance can draw down your savings and put the squeeze on your family’s finances. Doing a price comparison is a smart way to tighten up your finances.

You have so many car insurance companies to choose from, and even though it’s nice to have multiple companies, it can be more difficult to get the best deal.

It’s a good idea to price shop coverage occasionally because prices trend upward over time. Just because you had the lowest quotes on Accord insurance two years ago there is a good chance you can find better rates now. Block out anything you think you know about auto insurance because I’m going to let you in on the secrets to the right way to buy cheaper auto insurance.

Finding affordable coverage is quite easy. If you have insurance now or need a new policy, you can learn to cut your premiums while maximizing coverage. Drivers just need to understand the tricks to shop for car insurance online.

Do you qualify for discount insurance coverage?

Companies don’t always publicize every discount in a way that’s easy to find, so here is a list both the well known in addition to some of the lesser obvious discounts that you can inquire about if you buy insurance coverage online.

  • Life Insurance Discount – Select insurance companies reward you with better prices if you take out a life policy as well.
  • More Vehicles More Savings – Drivers who insure more than one vehicle with one company can get a discount on all vehicles.
  • Own a Home – Just owning your own home can earn you a little savings because owning a home means you have a higher level of financial diligence.
  • Onboard Data Collection – Insureds who allow companies to track driving manner through the use of a telematics system such as Progressive’s Snapshot may get a rate reduction if they are good drivers.
  • Multi-policy Discount – When you combine your homeowners and auto insurance with the same insurance company you may save as much as 10 to 15 percent.

Remember that most discounts do not apply to all coverage premiums. Some only reduce the cost of specific coverages such as comprehensive or collision. So when it seems like adding up those discounts means a free policy, it just doesn’t work that way.

Insurance companies that may offer these discounts include:

Double check with all the companies which discounts you qualify for. Some credits may not apply to policyholders in every state. To see a list of providers that offer the discounts shown above, click here.

Buy insurance online

Getting cheap 2002 Honda Accord insurance pricing is a fairly straight forward process. You just have to spend a few minutes comparing rate quotes to see which company has inexpensive insurance coverage quotes. This is very easy and can be done by using one of the methods below.

  1. The most recommended method to get quotes for comparison is to use a rate comparison form click here to open form in new window. This type of form saves time by eliminating separate quotes for every prospective company. In just a few minutes this one form gets insurance cost estimates from multiple low-cost companies.
  2. A less efficient way to find lower rates requires you to visit each company website to request a price quote. For example, we’ll pretend you want to see prices from USAA, Progressive and GEICO. To find out each rate you need to spend time on each company’s site and repeatedly type in your coverage information, which is not fast way to get rate quotes.

    For a list of links to companies insuring cars in your area, click here.

Take whichever approach you prefer, but make sure you use exactly the same coverage limits and deductibles for each price quote. If each company quotes different liability limits it’s not possible to get a fair rate comparison.

What insurance coverages do I need?

When it comes to choosing adequate coverage for your vehicles, there is no single plan that fits everyone. Every situation is different and your policy should reflect that. These are some specific questions can help discover if you might need an agent’s assistance.

  • Can I rate high risk drivers on liability-only vehicles?
  • Why does it cost so much to insure a teen driver?
  • Should I get collision insurance on every vehicle?
  • When should I drop full coverage on my 2002 Honda Accord?
  • Should I buy additional glass protection?
  • Am I covered when driving in Canada or Mexico?
  • Do I have newly-aquired coverage?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can provide invaluable advice.

Ads can be misleading

Consumers can’t ignore all the ads for the lowest price insurance by companies like GEICO, State Farm and Progressive. All the ads say the same thing of big savings just by moving your coverage to them.

How does every insurance company save you money? You have to listen carefully.

Many companies quote their best rates for the type of customer that is profitable for them. For example, this type of insured may be a married male, has a clear driving record, and drives a car with an anti-theft system. Anybody who matches that profile may get the lowest car insurance rates and have a good chance to save quite a bit of money when switching.

Potential customers who may not quite match the requirements will be quoted higher premiums which results in the customer buying from someone else. If you pay attention, the ads say “customers that switch” not “all people who quote” will save that much if they switch. That is how companies can make it sound like they have such great car insurance rates. Because of the profiling, you need to do a price quote comparison at every renewal. Because you never know the company that will provide you with the cheapest rates.

The coverage is in the details

Learning about specific coverages of your car insurance policy can help you determine the best coverages for your vehicles. Car insurance terms can be ambiguous and coverage can change by endorsement. These are typical coverages found on the average car insurance policy.

Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance pay for immediate expenses for things like EMT expenses, funeral costs, rehabilitation expenses and surgery. They are used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. They cover both the driver and occupants in addition to being hit by a car walking across the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive auto coverage – This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as damage from getting keyed, damage from a tornado or hurricane, rock chips in glass, a broken windshield and a tree branch falling on your vehicle. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability auto insurance – Liability insurance can cover damages or injuries you inflict on people or other property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.

Liability coverage protects against things such as structural damage, court costs, repair bills for other people’s vehicles, medical services and medical expenses. How much liability should you purchase? That is up to you, but you should buy as large an amount as possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This coverage gives you protection from other drivers when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Collision coverage – Collision coverage will pay to fix damage to your Accord resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things like colliding with a tree, crashing into a building, hitting a mailbox, hitting a parking meter and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also choose a higher deductible to get cheaper collision coverage.

At the end of the day…

When shopping online for insurance, you should never reduce coverage to reduce premium. There have been many cases where an insured dropped liability coverage limits and learned later that it was a big error on their part. The proper strategy is to buy the best coverage you can find at the best price and still be able to protect your assets.

Throughout this article, we presented many ways to compare 2002 Honda Accord insurance premium rates online. The most important thing to understand is the more you quote insurance coverage, the higher your chance of finding inexpensive insurance coverage. You may even discover the biggest savings come from the least-expected company. These smaller insurers may cover specific market segments cheaper than the large multi-state companies such as Allstate, GEICO and Progressive.

Cheap 2002 Honda Accord insurance is possible online and also from your neighborhood agents, so you should compare both to have the best selection. Some companies may not have online quoting and most of the time these smaller providers only sell through independent agents.

Helpful resources