Lower Your 2016 Honda Accord Insurance Quotes

Having to pay for pricey auto insurance can drain your personal savings and make it tough to pay other bills. Performing a rate comparison is a great way to reduce premiums and put more money in your pocket.

Since people have many options, it can be hard to pick a more affordable insurer.

Consumers need to compare prices at least once a year because prices are rarely the same from one policy term to another. Despite the fact that you may have had the best quotes on Accord coverage last year there may be better deals available now. Ignore everything you know about auto insurance because you’re about to learn the fastest and easiest way to find great coverage at a great price.

Finding the best rates is not rocket science. If you currently have a car insurance policy, you will be able to lower your premiums substantially using these methods. Drivers just need to understand the proper way to get comparison rates online.

How you can control Honda Accord insurance rates

Lots of things are part of the equation when pricing auto insurance. Most are fairly basic like your driving record, but some are not quite as obvious such as your credit history or how safe your car is.

  • Vehicle features impact prices – Choosing a vehicle that has a built-in theft deterrent system can help bring down rates. Theft prevention devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help stop auto theft.
  • Do you qualify for a multi-policy discount? – The majority of auto insurance companies allow better rates to insureds that have more than one policy. It’s known as a multi-policy discount. Discounts can be ten or even fifteen percent. Even with this discount applied, it’s still a good idea to comparison shop to ensure the best deal.
  • Having a spouse can lower rates – Having a significant other actually saves money compared to being single. Marriage may mean you are less irresponsible and statistics show married couples file fewer claims.
  • Eliminate unneeded incidental coverages – There are many extra add-on coverages that sound like a good idea at the time on your auto insurance policy. Coverage for things like rental car reimbursement, death and dismemberment, and membership fees are probably not needed. The coverages may be enticing when buying your policy, but if they’re wasting money eliminate the coverages to reduce your premium.
  • How do annual miles impact rates? – The more miles you rack up on your Honda annually the higher your rate. Most insurance companies calculate rates based upon how much you drive. Autos that are left in the garage receive lower rates than those that get driven frequently. It’s a good idea to make sure your declarations sheet correctly shows the correct driver usage. A policy that improperly rates your Accord can cost quite a bit.
  • Better credit means lower rates – Having a bad credit rating is a big factor in your rate calculation. People with excellent credit scores tend to file fewer claims than those with lower credit ratings. If your credit score can use some improvement, you may save money insuring your 2016 Honda Accord by taking the time to improve your credit score.
  • File a auto insurance claims and pay more – If you are the type of insured that files lots of claims you can look forward to either a policy non-renewal or much higher rates. Insurance companies award better rates to insureds who file claims infrequently. Your insurance policy is intended for claims that you cannot pay yourself.

Low cost insurance coverage prices

There are a lot of ways to compare insurance coverage quotes, but some are more efficient than others. You can waste hours talking about coverages with local insurance agents in your area, or you can utilize the internet to get rates in a matter of minutes.

Most of the best insurance companies participate in an industry program that enables customers to submit their information once, and every company returns a rated price based on the submitted data. This prevents consumers from doing quotation requests for each company you want a rate for.

To enter your information into the quoting system, click here to open in new window.

The only downside to pricing coverage this way is that consumers can’t choose which carriers to receive prices from. So if you want to choose individual companies to request quotes from, we put together a list of low cost insurance coverage companies in your area. Click here to view list.

It doesn’t matter which method you choose, just do your best to use nearly identical deductibles and coverage limits on every quote you get. If the quotes have differing limits it’s impossible to determine the lowest rate for your Honda Accord.

Insurance coverage quotes and discounts

Some providers don’t list every discount they offer very well, so the following is a list of some of the more common as well as the least known ways to save on insurance coverage.

  • Good Students Pay Less – This discount can get you a discount of up to 25%. You can use this discount normally until age 25.
  • Discount for Passive Restraints – Options like air bags may earn rate discounts of 25 to 30%.
  • Discount for Life Insurance – Larger insurance coverage companies have a lower price if you buy a life policy as well.
  • Theft Deterent Discount – Cars, trucks, and SUVs that have factory anti-theft systems can help prevent theft and will save you 10% or more.
  • Multi-Vehicle Discounts – Buying a policy with all your vehicles with one company qualifies for this discount.
  • Defensive Driver Discount – Passing a class that teaches defensive driver techniques may get you a small discount and easily recoup the cost of the course.
  • Accident-Free Discounts – Insureds who avoid accidents and claims get the best insurance coverage rates when compared with insureds who have frequent claims or accidents.
  • Driver’s Education for Students – It’s a good idea to have your young drivers sucessfully take a drivers education course if it’s offered in school.

Policy discounts save money, but many deductions do not apply to your bottom line cost. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. Despite the fact that it seems like having all the discounts means you get insurance for free, you won’t be that lucky.

To choose companies who offer discounts, click this link.

Situations that may require an agent’s advice

When buying proper insurance coverage, there really is no perfect coverage plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that For instance, these questions may help you determine whether you could use an agent’s help.

  • Do I have newly-aquired coverage?
  • What is no-fault insurance?
  • Are rock chip repairs covered?
  • Will I lose any money if I cancel my policy before it expires?
  • Does coverage extend to my business vehicle?
  • If my pet gets injured in an accident are they covered?
  • Does liability extend to a camper or trailer?

If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

What insurance coverages do you need?

Having a good grasp of a insurance policy aids in choosing the right coverages at the best deductibles and correct limits. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. These are typical coverage types available from insurance companies.

Comprehensive (Other than Collision) – This pays for 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 claims like rock chips in glass, fire damage and hail damage. The most a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Protection from uninsured/underinsured drivers – Your UM/UIM coverage protects you and your vehicle’s occupants 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 your vehicle’s damage.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.

Medical expense insurance – Med pay and PIP coverage reimburse you for bills for rehabilitation expenses, hospital visits and EMT expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants in addition to any family member struck as a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Coverage for liability – This coverage will cover damage that occurs to a person or their property that is your fault. It protects YOU from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability coverage pays for things like structural damage, repair bills for other people’s vehicles, bail bonds and legal defense fees. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Collision coverages – Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as driving through your garage door, damaging your car on a curb, scraping a guard rail and colliding with another moving vehicle. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Do the work, save more money

We’ve covered a lot of information how to reduce 2016 Honda Accord insurance rates online. The key concept to understand is the more quotes you get, the better your comparison will be. You may even discover the lowest rates are with an unexpected company. They often have lower car insurance rates on specific markets than the large multi-state companies such as GEICO and State Farm.

As you prepare to switch companies, it’s not a good idea to buy lower coverage limits just to save a few bucks. In many instances, consumers will sacrifice collision coverage only to discover later that they should have had better coverage. Your strategy should be to buy enough coverage for the lowest cost, not the least amount of coverage.

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