2007 Honda Accord Insurance Rates

Want lower auto insurance rates for your Honda Accord? Are you confused by the wide range of auto insurance sources in your area? People have so many options that it can turn into a chore to compare rates.

It is always a good idea to get comparison quotes as often as possible because auto insurance prices go up and down regularly. Even if you think you had the lowest price on Accord insurance a few years ago you can probably find a lower rate today. Forget anything you know (or think you know) about auto insurance because I’m going to let you in on the secrets to how to use online quotes to reduce your cost while improving coverage.

Are you qualifying for every discount?

Some providers do not advertise their entire list of discounts very clearly, so we break down some of the best known as well as some of the hidden savings tricks you should be using when you buy auto insurance online.

  • Life Insurance Discount – Some insurance companies give a discounted premium rate on car insurance if you buy life insurance from them.
  • Military Rewards – Being deployed in the military may lower your insurance rates slightly.
  • Drivers Education – Require your teen driver to take driver’s ed class if offered at their school.
  • Student in College – Kids who are enrolled in higher education away from home and do not have a car can be insured at a reduced rate.
  • Theft Prevention Discount – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems are less likely to be stolen so companies will give you a small discount.
  • Multiple Vehicles – Having primary and secondary vehicles with the same company qualifies for this discount.
  • Driver Training Discounts – Completing a course teaching defensive driving skills could cut 5% off your bill and also improve your driving technique.
  • Student Discounts – A discount for being a good student can earn a discount of 20% or more. You can use this discount normally well after school through age 25.
  • Homeowners Discount – Owning a house can help you save on insurance because maintaining a house requires personal responsibility.
  • Government Employee Discount – Federal government employees may qualify for a discount when you quote auto insurance on Accord insurance depending on your company.

As a footnote on discounts, most discounts do not apply to the entire policy premium. Some only reduce specific coverage prices like liability and collision coverage. So when the math indicates it’s possible to get free car insurance, you aren’t that lucky.

A few of the larger companies and their offered discounts are:

  • Esurance discounts include online shopper, claim free, anti-lock brakes, anti-theft, and multi-policy.
  • The Hartford may offer discounts for bundle, air bag, good student, anti-theft, vehicle fuel type, and driver training.
  • AAA includes discounts for multi-policy, anti-theft, good student, good driver, pay-in-full, and multi-car.
  • GEICO offers discounts for anti-theft, multi-policy, good student, multi-vehicle, seat belt use, membership and employees, and defensive driver.
  • State Farm may include discounts for student away at school, accident-free, passive restraint, multiple autos, good driver, and driver’s education.

If you want cheaper auto insurance quotes, ask all the companies which discounts they offer. Savings might not apply in your area.

When in doubt talk to an agent

When it comes to choosing the best insurance coverage coverage, there really is no one size fits all plan. Everyone’s situation is unique.

Here are some questions about coverages that might point out if your situation might need an agent’s assistance.

  • What is UM/UIM insurance?
  • Will I lose any money if I cancel my policy before it expires?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • How many claims can I have before being cancelled?
  • Do I need replacement cost coverage?
  • Is my custom paint covered by insurance?

If you can’t answer these questions but one or more may apply to you then you might want to talk to an agent. If you want to speak to an agent in your area, take a second and complete this form.

Auto insurance advertising gotchas

Popular auto insurance providers such as State Farm, GEICO and Progressive constantly bombard you with television, radio, and online ads. All the companies state the claim that people will save just by switching your coverage to them. How does every company give you a lower rate? Here is the trick they use.

Most companies provide the lowest rates for the type of driver that will generate a profit. An example of a profitable risk profile could be between the ages of 30 and 50, has a clean driving record, and insures a new vehicle. A propective insured that hits that “sweet spot” gets the lowest rates and will also save quite a bit of money when switching.

Insureds who do not fit the requirements will get higher prices with the end result being business not being written. If you pay close attention to the ads, they say “people that switch” not “all people who quote” save that much. That’s why companies can make claims that they all have the best car insurance rates. Because of this risk profiling, you absolutely need to do a rate comparison at every renewal. Because without a comparison, you cannot know which company will fit you best based on your risk profile.

Specifics of your insurance policy

Understanding the coverages of a insurance policy can be of help when determining the best coverages and the correct deductibles and limits. Insurance terms can be ambiguous and reading a policy is terribly boring.

Liability insurance

This coverage protects you from damages or injuries you inflict on other people or property. It protects YOU against other people’s claims. It does not 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 values of 50/100/50 which means $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers claims such as court costs, bail bonds and medical services. How much liability should you purchase? That is a personal decision, but you should buy higher limits if possible.

Medical costs insurance

Med pay and PIP coverage pay for short-term medical expenses for things like surgery, prosthetic devices, dental work, EMT expenses and nursing services. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

UM/UIM Coverage

This coverage protects you and your vehicle’s occupants 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.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Collision coverage

Collision insurance pays to fix your vehicle from damage resulting from a collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like hitting a parking meter, damaging your car on a curb and colliding with a tree. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Another option is to choose a higher deductible to bring the cost down.

Comprehensive or Other Than Collision

This pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like fire damage, damage from getting keyed, hitting a deer and vandalism. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Smart shoppers get results

Cost effective 2007 Honda Accord insurance is possible online and from local insurance agents, so you should compare both to have the best selection. There are still a few companies who don’t offer price quotes online and these smaller providers work with local independent agencies.

You just read a lot of ways to shop for 2007 Honda Accord insurance online. The most important thing to understand is the more quotes you get, the higher your chance of finding cheap auto insurance. Drivers may discover the biggest savings come from some of the smallest insurance companies.

When you buy auto insurance online, never reduce coverage to reduce premium. There are a lot of situations where someone dropped comprehensive coverage or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. Your objective should be to buy enough coverage at an affordable rate, not the least amount of coverage.

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