2003 Honda Accord Insurance Quotes

Finding low-cost insurance for a Honda Accord can turn out to be difficult, but you can learn the following methods to make it easier. There are more efficient ways to find insurance coverage online and we’ll show you the absolute fastest way to compare rates on a Honda and obtain the best price possible from both online companies and local agents.

If you are insured now or are looking for a new policy, you can use these techniques to shop for the lowest rates while maintaining coverages. Shopping for more affordable coverage is easy if you know what you’re doing. Consumers just need to learn how to find the lowest price online.

How much does insurance coverage cost?

Shopping for lower insurance coverage rates can be exhausting if you don’t know the easiest way. You can spend countless hours talking about coverages with agents in your area, or you can stay home and use the web to quickly compare rates.

Most of the best insurance companies belong to a marketplace that allows shoppers to complete one form, and every company returns a rated price based on that information. This saves time by eliminating quote forms to each company.

To submit your quote information now, click to open in new window.

The one disadvantage to getting quotes like this is you are unable to specify which providers to get quotes from. If you wish to select individual companies for rate comparison, we have a page of insurance coverage companies in your area. Click to view list.

Take whichever approach you prefer, but be sure to compare apples-to-apples coverage information on every price quote you get. If you are comparing unequal deductibles or liability limits you can’t possibly determine the best price for your Honda Accord.

What determines Honda Accord insurance costs?

Consumers need to have an understanding of some of the things that go into determining your policy premiums. When you understand what impacts premium levels, this helps enable you to make changes that can earn you much lower annual insurance costs. Many things are used when you get your auto insurance bill. Some factors are common sense like an MVR report, although others are more obscure like where you live or how financially stable you are.

Shown below are some of the most rate-impacting factors companies use to determine your rate level.

  • Bundle policies to earn discounts – Many insurance companies allow better rates to buyers who buy several policies from them. It’s known as a multi-policy discount. Even if you qualify for this discount already, it’s always a smart idea to compare rates to confirm you are receiving the best rates possible. Consumers may save even more by insuring with multiple companies.
  • Policy claims cost money – Companies give most affordable rates to policyholders that do not abuse their auto insurance. If you file claims often, you can look forward to higher premiums or even policy non-renewal. Your insurance policy is intended for major claims that would cause financial hardship.
  • Gender and car insurance – Statistics have proven that females tend to be a little less risky than males. However, don’t assume that women are BETTER drivers than men. Males and females cause fender benders at about the same rate, but the male of the species have accidents that have higher claims. Men also get more serious tickets like DWI (DUI) or reckless driving.
  • Five star crash test rating saves money – Vehicles with high crash test scores cost less to insure. Safe vehicles protect occupants better and fewer injuries means your insurance company pays less and thus lower rates. If your Honda Accord has at least four stars on Safercar.gov you may pay a lower rate.
  • City dwellers may pay more – Choosing to live in less populated areas is a positive aspect when buying auto insurance. Fewer drivers translates into fewer accidents in addition to fewer liability claims. Drivers who live in large cities regularly have much more traffic and higher rates of accident claims. More time commuting translates into higher accident risk.

Auto Insurance Discounts

Buying auto insurance is not cheap, but you may find discounts that many consumers don’t even know exist. Many of these discounts will be applied automatically when you complete an application, but a few must be asked for prior to receiving the credit.

  • Auto/Life Discount – Not all auto insurance companies offer life insurance, but some may give you a discounted price on car insurance if you buy some life insurance too.
  • Government Employee Discount – Employees or retirees of the government may reduce rates when you quote insurance coverage for Accord insurance depending on your company.
  • Drive Less and Save – Driving less may enable drivers to earn cheaper prices.
  • Anti-lock Brakes – Cars and trucks equipped with ABS or steering control are safer to drive and earn discounts up to 10%.
  • Own a Home – Being a homeowner can earn you a little savings because it is proof that your finances are in order.
  • Multiple Cars – Purchasing coverage when you have multiple vehicles on the same auto insurance policy can reduce the rates for all insured vehicles.
  • Passive Restraints – Vehicles with factory air bags or automatic seat belts can receive discounts up to 30%.
  • Senior Citizens – Drivers over the age of 55 may be able to get a slight reduction on a insurance coverage quote for Accord insurance.

Drivers should understand that some credits don’t apply to your bottom line cost. Most only cut individual premiums such as comp or med pay. Despite the fact that it seems like adding up those discounts means a free policy, nobody gets a free ride.

To find companies with the best discounts, click here.

Tailor your car insurance coverage to you

When it comes to buying the best car insurance coverage for your vehicles, there really is no single plan that fits everyone. Coverage needs to be tailored to your specific needs.

These are some specific questions could help you determine if your situation could use an agent’s help.

  • Where can I find DUI or SR-22 insurance?
  • Can my babysitter drive my car?
  • How do I insure my teen driver?
  • What are the best liability limits?
  • Do I have coverage for damage caused while driving under the influence?
  • Should I buy full coverage?
  • Are split liability limits better than a combined single limit?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to an insurance agent. If you don’t have a local agent, take a second and complete this form. It only takes a few minutes and can provide invaluable advice.

Specific coverages for a 2003 Honda Accord

Knowing the specifics of your policy helps when choosing which coverages you need and proper limits and deductibles. Insurance terms can be ambiguous and nobody wants to actually read their policy.

Comprehensive insurance – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things like a broken windshield, damage from a tornado or hurricane and a tree branch falling on your vehicle. The most your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for uninsured or underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for hospital visits, prosthetic devices and surgery. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not universally available and may carry a deductible

Auto liability – Liability coverage provides protection from damage or injury you incur to other people or property by causing an accident. This insurance protects YOU against claims from other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for claims such as court costs, attorney fees and bail bonds. How much coverage you buy is up to you, but it’s cheap coverage so purchase as much as you can afford.

Collision coverage – Collision insurance pays for damage to your Accord resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as crashing into a building, hitting a mailbox and crashing into a ditch. Collision is rather expensive coverage, so consider dropping it from older vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Save for a rainy day

Cheap 2003 Honda Accord insurance is definitely available from both online companies and also from your neighborhood agents, so get free insurance coverage quotes from both of them in order to have the best price selection to choose from. Some insurance providers don’t offer internet price quotes and these regional insurance providers only sell coverage through independent agencies.

We just presented some good ideas how to reduce 2003 Honda Accord insurance prices online. The most important thing to understand is the more companies you get rates for, the higher your chance of finding affordable insurance coverage. Consumers could even find that the lowest prices come from a company that doesn’t do a lot of advertising.

When trying to cut insurance costs, it’s not a good idea to sacrifice coverage to reduce premiums. Too many times, an insured cut full coverage to discover at claim time that their decision to reduce coverage ended up costing them more. The goal is to find the BEST coverage at an affordable rate, not the least amount of coverage.

Much more information about auto insurance can be read at these links: