Lower Your 2006 Honda Accord Car Insurance Cost

Tired of paying out the nose to make your car insurance payment? You are in the same boat as the majority of other consumers. Due to the abundance of online and local companies to choose from, it can be challenging to locate the best insurer.

You should make it a habit to compare premium rates yearly because insurance rates are variable and change quite frequently. Even if you think you had the lowest rate for Accord insurance a few years ago you can probably find a better price now. Ignore everything you know about car insurance because we’re going to show you the best way to save money, get proper coverage and the best rates.

Start a Quote Now

Insurance Discounts

Some companies don’t always advertise every discount very well, so the below list has a few of the more well known in addition to some of the lesser obvious discounts that you may qualify for.

Discounts for New Vehicles – Buying insurance on a new vehicle is cheaper compared to insuring an older model.
Military Rewards – Having an actively deployed family member could mean lower premium rates.
Braking Control Discount – Vehicles that have steering control and anti-lock brakes have fewer accidents so you can save 10 percent or more.
Homeowners Pay Less – Owning a house can earn you a little savings because owning a home shows financial diligence.
Onboard Data Collection – Insureds that choose to allow data collection to track vehicle usage remotely such as Allstate’s Drivewise and State Farm’s In-Drive system may see discounts if they have good driving habits.
Paper-free Discount – Certain insurance companies will provide an incentive for buying your policy online.

Don’t be surprised that some of the credits will not apply the the whole policy. Most only cut the cost of specific coverages such as medical payments or collision. Despite the fact that it seems like adding up those discounts means a free policy, it’s just not the way it works.

Auto insurance companies that may have these money-saving discounts may include but are not limited to:

If you are trying to find the cheapest insurance quotes, ask every company to apply every possible discount. Some of the discounts discussed earlier might not be offered in every state.

Informed drivers can lower insurance rates

A large part of saving on insurance coverage is knowing the rating factors that are used to determine the price you pay for insurance coverage. When you know what positively or negatively influences your rates, this allows you to make educated decisions that can earn you lower premium levels. Multiple criteria are taken into consideration when quoting car insurance. Most are fairly basic like a motor vehicle report, although others are less apparent like where you live or how safe your car is.

Liability coverage risk factors in – Liability coverage is the protection if you are determined to be liable for causing personal injury or damage in an accident. It will provide you with a defense in court which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap compared to other policy coverages, so do not cut corners here.
High credit scores equal low rates – Credit score can be a huge factor in determining what you pay. People with high credit ratings tend to be more responsible as compared to drivers with bad credit. Therefore, if your credit score is not that good, you could potentially save money when insuring your 2006 Honda Accord by improving your credit score.
Extra coverages are wasting money – Insurance companies have many add-on coverages that can waste your money but may not be useful. Add-on coverages like personal injury protection, better glass coverage, and membership fees may be wasting your money. You may think they are a good idea when buying your policy, but your needs may have changed so consider taking them off your policy.
Avoid tickets and save – How you drive has a lot to do with how much you pay for insurance. Careful drivers have lower premiums than people who have multiple driving citations. Even one ticket could increase your next policy renewal forty percent or more. Drivers who have serious violations like DUI or willful reckless driving are required to prove financial responsibility with the DMV in their state in order to legally drive a vehicle.
Marriage reduces risk – Having a spouse may cut your premiums on your policy. Marriage demonstrates that you tend to be more financially stable and insurance companies reward insureds because married drivers tend to have fewer serious accidents.
Pleasure use or commuting – The more you drive in a year’s time the more you’ll pay to insure your vehicle. A lot of companies charge to insure your cars partially by how you use the vehicle. Cars that are left in the garage cost less to insure than those that get driven frequently. Incorrect rating for your Accord is just wasting money. Make sure your insurance coverage declarations sheet is showing the correct usage for each vehicle.

Tailor your insurance coverage coverage to you

When choosing the best insurance coverage coverage for your vehicles, there really is not a one size fits all plan. Coverage needs to be tailored to your specific needs so your insurance needs to address that. These are some specific questions might point out whether or not you could use an agent’s help.

What is the ISO rating for a 2006 Honda Accord?
Does insurance cover damages from a DUI accident?
Is pleasure use cheaper than using my 2006 Honda Accord to commute?
Does coverage extend to my business vehicle?
Is my babysitter covered when using my vehicle?
When does my teenage driver need to be added to my policy?
Do I pay less for low miles?
Do I need special endorsements for business use of my vehicle?

If you’re not sure about those questions but a few of them apply, you might consider talking to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance coverage companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

Information about specific coverages

Learning about specific coverages of a insurance policy can help you determine the best coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Listed below are the usual coverages found on the average insurance policy.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for things like dental work, rehabilitation expenses, hospital visits and pain medications. They are often used in conjunction with a health insurance plan or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP is not universally available but can be used in place of medical payments coverage

Liability coverage – Liability coverage provides protection from damage or injury you incur to a person or their property by causing an accident. This insurance protects YOU from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 100/300/100 which stand for $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Another option is a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers things like pain and suffering, medical expenses and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but consider buying higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants and damage to your 2006 Honda Accord.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

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

Collision can pay for claims like crashing into a ditch, colliding with a tree, crashing into a building and damaging your car on a curb. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Comprehensive insurance – Comprehensive insurance covers damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like damage from flooding, vandalism and a broken windshield. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Money doesn’t grow on trees

We covered many ideas to save on 2006 Honda Accord insurance. The key concept to understand is the more rate quotes you have, the better likelihood of getting cheap insurance. Consumers may even find the lowest car insurance rates come from an unexpected company. Regional companies may have significantly lower premium rates on certain market segments than their larger competitors like GEICO and State Farm.

When shopping online for auto insurance, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are too many instances where someone sacrificed comprehensive coverage or liability limits to discover at claim time that the few dollars in savings costed them thousands. Your focus should be to find the BEST coverage at the best price while still protecting your assets.

For more information, take a look at the following helpful articles: