Compare 2004 Honda Accord Insurance Rates

Looking for the cheapest insurance coverage rates for your Honda Accord? Comparing and finding low cost rates for insurance coverage is hard for beginners to comparing prices online. There are so many choices that it can turn into more work than you anticipated to compare prices.

Consumers need to compare premium rates yearly because insurance coverage prices fluctuate regularly. Just because you found the best deal for Accord coverage a couple years back you will most likely find a better rate today. Forget all the misinformation about insurance coverage because you’re going to get a crash course in one of the quickest ways to save money, get proper coverage and the best rates.

Find discounts on car insurance

Companies offering auto insurance don’t always advertise every disount available very well, so the list below contains a few of the more common and also the lesser-known savings tricks you should be using when you buy car insurance online. If you’re not getting every credit possible, you are not getting the best rate possible.

  • Theft Deterent – Cars equipped with anti-theft or alarm systems help deter theft and that can save you a little bit as well.
  • ABS and Traction Control Discounts – Cars, trucks, and SUVs that have steering control and anti-lock brakes prevent accidents and the ABS can save up to 10%.
  • Sign Online – Some companies provide a small discount for buying your policy digitally online.
  • First Accident Forgiveness – Not really a discount, but some companies like Progressive and Allstate will turn a blind eye to one accident before raising your premiums so long as you are claim-free for a specific time period.
  • Seat Belts Save more than Lives – Forcing all vehicle occupants to fasten their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
  • Discount for Good Grades – This discount can be rewarded with saving of up to 25%. You can use this discount normally until age 25.
  • Telematics Devices – Drivers that enable their insurance company to scrutinize driving habits by using a small device installed in their vehicle such as Progressive’s Snapshot could save a few bucks if they show good driving skills.
  • Full Payment Discount – By paying your entire bill at once instead of paying each month you can actually save on your bill.

A little disclaimer on discounts, most of the big mark downs will not be given to your bottom line cost. Most only reduce the price of certain insurance coverages like comprehensive or collision. So even though you would think all the discounts add up to a free policy, you won’t be that lucky.

A list of companies and a partial list of their discounts are shown below.

  • 21st Century offers discounts including driver training, early bird, air bags, automatic seat belts, and student driver.
  • State Farm may have discounts that include good driver, driver’s education, defensive driving training, passive restraint, multiple autos, and safe vehicle.
  • AAA may include discounts for multi-policy, anti-theft, multi-car, pay-in-full, good student, good driver, and AAA membership discount.
  • Liberty Mutual includes discounts for exclusive group savings, safety features, teen driver discount, new vehicle discount, new graduate, good student, and preferred payment discount.
  • Progressive offers discounts for continuous coverage, multi-vehicle, online signing, multi-policy, and online quote discount.

When comparing rates, check with all companies you are considering what discounts are available to you. Savings might not be available to policyholders in your area. To locate providers that offer the discounts shown above, click here to view.

The Honda Accord insurance price equation

Many factors are used when you get your auto insurance bill. Some of the criteria are obvious like your driving record, but other factors are less obvious like your vehicle usage or how safe your car is.

The factors shown below are most of the major factors that factor into rates.

  • Your career may increase rates – Did you know your occupation can influence how much you pay for car insurance? Careers like judges, social workers and dentists tend to have the highest rates because of intense work-related stress and lots of time spent away from family. Conversely, occupations like scientists, students and homemakers pay the least for Accord coverage.
  • More traffic equals higher premiums – Residing in a rural area can save you money when talking about car insurance. People in densly populated areas have more traffic problems and longer commute times. Less people living in that area means less chance of accidents as well as less vandalism and auto theft.
  • Save annual miles and save money – The higher the miles on your Honda each year the higher your rates will be. The majority of insurers rate vehicles based upon how you use the vehicle. Cars that are left in the garage get more affordable rates than those that get driven frequently. Make sure your car insurance policy properly reflects the correct usage, because it can save money. Having an incorrect usage rating on your Accord is throwing money out the window.
  • Premiums drop with age – Older insureds are shown to be more cautious, are lower risk to insure and receive fewer citations.Youthful drivers have been known to get distracted easily when driving with friends so car insurance rates are higher.

Tailor your car insurance coverage to you

When buying adequate coverage, there isn’t really a best way to insure your cars. Everyone’s needs are different.

Here are some questions about coverages that can aid in determining whether your personal situation would benefit from an agent’s advice.

  • Is my state a no-fault state?
  • What is medical payments coverage?
  • Is a blown tire covered by insurance?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Should I buy more coverage than the required minimum liability coverage?
  • Will I lose any money if I cancel my policy before it expires?

If you’re not sure about those questions but a few of them apply then you might want to talk to an insurance agent. If you want to speak to an agent in your area, complete this form.

Coverage specifics

Having a good grasp of your auto insurance policy aids in choosing the right coverages at the best deductibles and correct limits. Auto insurance terms can be difficult to understand and reading a policy is terribly boring.

Collision coverage – Collision insurance pays for damage to your Accord caused by collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as hitting a mailbox, rolling your car and hitting a parking meter. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to raise the deductible to save money on collision insurance.

Comprehensive coverages – This coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as a broken windshield, falling objects and vandalism. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured and underinsured coverage – This gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Normally these limits are similar to your liability insurance amounts.

Coverage for medical payments – Coverage for medical payments and/or PIP pay for short-term medical expenses for doctor visits, rehabilitation expenses, nursing services, ambulance fees and EMT expenses. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants in addition to any family member struck as a pedestrian. PIP is not an option in every state and may carry a deductible

Coverage for liability – This coverage provides protection from damages or injuries you inflict on other’s property or people in an accident. It protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 that means you have $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things such as structural damage, bail bonds and medical expenses. How much coverage you buy is a personal decision, but you should buy higher limits if possible.

Best coverage at the best price

Some auto insurance companies may not provide the ability to get quotes online and these regional insurance providers only sell coverage through local independent agencies. Budget-friendly auto insurance is available from both online companies and with local insurance agents, so you should be comparing quotes from both to have the best selection.

As you shop your coverage around, do not sacrifice coverage to reduce premiums. There are too many instances where an insured dropped liability coverage limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your aim should be to get the best coverage possible at a price you can afford.

We just covered a lot of ways to lower your 2004 Honda Accord insurance rates. The most important thing to understand is the more rate quotes you have, the higher your chance of finding cheaper car insurance. You may even find the best price on auto insurance is with a smaller regional carrier.

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