Lower Your 2012 Honda Accord Insurance Cost

Trying to find cheaper insurance rates for your Honda Accord? Searching for cheaper insurance for a Honda Accord could be a lot of work, but you can use these tips to save time. There is a better way to compare insurance rates so we’re going to tell you the best way to quote coverages for a Honda and obtain the lowest price from local insurance agents and online providers.

Smart buyers can reduce their insurance premiums

Lots of factors are considered when you get a price on insurance. Most are fairly basic such as your driving record, although some other factors are not quite as obvious like where you live or how safe your car is.

  • Bump up deductibles to lower rates – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your Honda. Some examples of claims that would be covered are a dented fender, collision with an animal, and having your car stolen. The deductibles define how much you are willing to pay out-of-pocket in the event of a claim. The larger the amount the insured has to pay upfront, the lower your rates will be on Accord coverage.
  • Optional features that lower premiums – Selecting a car model with a theft deterrent system can help lower your premiums. Anti-theft features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can help prevent your car from being stolen.
  • Discounts for auto and home policies – Most insurers apply discounts to people that buy multiple policies. It’s known as a multi-policy discount. Even with this discount applied, drivers will still want to check prices from other companies to help guarantee you have the best rates. Drivers may still find lower rates by buying insurance from more than one company.
  • How many miles do you drive? – The higher the mileage driven each year the more you’ll pay to insure your vehicle. A lot of insurance companies rate vehicles partially by how you use the vehicle. Cars used primarily for pleasure use can get a lower rate as compared to vehicles used primarily for driving to work. Double check that your vehicle rating properly reflects the correct usage, because improper ratings can cost you money. Having the wrong rating on your Accord is throwing money out the window.
  • Liability coverage is important – Your car insurance policy’s liability coverage will protect you if a court rules you are at fault for causing damage or personal injury in an accident. Liability provides legal defense coverage which can be incredibly expensive. It is affordable coverage compared to comp and collision, so do not cut corners here.

Discounts for cheaper car insurance rates

Car insurance is not inexpensive, but there are discounts available that can help lower your rates. Some of these disounts will be visible when you purchase, but some discounts are required to be manually applied prior to receiving the credit.

  • Multiple Policy Discount – If you insure your home and vehicles and insure them both with the same insurance company you will save up to 20% off your total premium.
  • ABS and Traction Control Discounts – Cars, trucks, and SUVs that have anti-lock braking systems prevent accidents so you can save 10 percent or more.
  • Student Driver Training – Reduce the cost of insurance for teen drivers by having them enroll in driver’s education as it can save substantially.
  • Multi-Vehicle Discounts – Buying a policy with multiple cars with the same company qualifies for this discount.
  • Home Ownership Discount – Owning a house can help you save on car insurance due to the fact that maintaining a home means you have a higher level of financial diligence.
  • Switch and Save Discount – Some car insurance companies provide a discount for buying a new policy before your current coverage expires. It could save around 10% when you buy insurance coverage online.
  • Discounts for Cautious Drivers – Insureds who avoid accidents could pay up to 40% less on Accord coverage than less cautious drivers.

While discounts sound great, it’s important to understand that some of the credits will not apply to your bottom line cost. Most only cut the cost of specific coverages such as liability, collision or medical payments. Even though the math looks like all those discounts means the company will pay you, you’re out of luck.

Larger car insurance companies and the discounts they provide are included below.

  • Farm Bureau offers discounts including multi-policy, good student, safe driver, youthful driver, 55 and retired, renewal discount, and driver training.
  • MetLife has savings for good driver, accident-free, defensive driver, multi-policy, good student, claim-free
  • Progressive may have discounts that include multi-policy, continuous coverage, online signing, homeowner, multi-vehicle, good student, and online quote discount.
  • AAA offers premium reductions for pay-in-full, multi-policy, multi-car, anti-theft, and education and occupation.
  • American Family may offer discounts for air bags, bundled insurance, multi-vehicle, mySafetyValet, and TimeAway discount.
  • GEICO discounts include multi-policy, anti-lock brakes, good student, air bags, emergency military deployment, daytime running lights, and driver training.
  • State Farm may include discounts for driver’s education, Steer Clear safe driver discount, safe vehicle, passive restraint, and multiple autos.

When getting free insurance coverage quotes, it’s a good idea to every insurance company which discounts they offer. Savings might not be available to policyholders in your area. To find insurers with discount rates, follow this link.

Brand name doesn’t guarantee savings

Consumers can’t avoid all the ads that promise big savings for switching from the likes of GEICO, State Farm and Progressive. All the ads make an identical promise about savings if you get a free insurance coverage quote and switch your coverage to them.

How can each company lower your car insurance rates? It’s all in the numbers.

Different companies can use profiling for the type of driver that earns them a profit. For example, a driver they prefer might have to be between the ages of 40 and 55, carries high limits, and does not commute to work. Any person that matches those criteria will probably get cheap prices as well as save money with a new company.

People who are not a match for these standards will get higher premium rates which leads to the driver buying from a lower-cost company. If you listen closely, the ads state “people that switch” not “everyone who quotes” save that kind of money. That’s why insurance companies can claim big savings. This illustrates why you need to do a quote comparison often. It’s just too difficult to predict which insurance company will give you the biggest savings.

Tailor your car insurance coverage to you

When choosing the right insurance coverage, there isn’t really a “best” method to buy coverage. Each situation is unique.

Here are some questions about coverages that can help discover whether or not you could use an agent’s help.

  • Is borrowed equipment or tools covered if stolen or damaged?
  • Will my rates increase for filing one claim?
  • If my pet gets injured in an accident are they covered?
  • How can I force my company to pay a claim?
  • Does liability extend to a camper or trailer?
  • Do I pay less if my vehicle is kept in my garage?
  • What is the difference between comprehensive and collision coverage?
  • Can I afford low physical damage deductibles?
  • Is my teen driver covered when they drive my company car?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you don’t have a local agent, complete this form. It is quick, free and may give you better protection.

Car insurance coverages explained

Having a good grasp of car insurance helps when choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Honda Accord.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Medical expense coverage

Med pay and PIP coverage kick in for bills like prosthetic devices, chiropractic care, pain medications, funeral costs and hospital visits. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like damage from flooding, damage from a tornado or hurricane and a tree branch falling on your vehicle. The maximum amount a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision protection

This coverage covers damage to your Accord caused by collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against things like sideswiping another vehicle, hitting a parking meter, colliding with another moving vehicle, scraping a guard rail and crashing into a ditch. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to choose a higher deductible to bring the cost down.

Coverage for liability

Liability insurance provides protection from damage or injury you incur to other’s property or people in an accident. It protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability insurance covers things like bail bonds, structural damage and repair costs for stationary objects. How much liability should you purchase? That is your choice, but buy as high a limit as you can afford.

Feed the piggy bank

Insureds switch companies for any number of reasons including high rates after DUI convictions, extreme rates for teen drivers, being labeled a high risk driver or even unfair underwriting practices. Regardless of your reason, finding a new insurance coverage company is less work than it seems.

While you’re price shopping online, do not buy poor coverage just to save money. There have been many situations where someone sacrificed physical damage coverage only to regret that their decision to reduce coverage ended up costing them more. The goal is to find the BEST coverage at the best cost, but do not sacrifice coverage to save money.

We just showed you some good ideas how to reduce 2012 Honda Accord insurance premium rates online. It’s most important to understand that the more providers you compare, the more likely it is that you will get a better rate. Consumers may even find the lowest premium rates come from a small local company.

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