Cheap 1992 Honda Accord Insurance Rates

Trying to find low-cost insurance for a Honda Accord could be a lot of work, but you can learn these tips to find lower rates. There are both good and bad ways to shop for car insurance and you need to know the absolute fastest way to compare rates for a Honda and get the lowest price either online or from local insurance agents.

Don’t miss out on these money-saving discounts

Companies offering auto insurance don’t always publicize every available discount in a way that’s easy to find, so we took the time to find some of the more common and also the lesser-known ways to save on insurance. If you aren’t receiving every discount possible, you’re just leaving money on the table.

  • Braking Control Discount – Anti-lock brake equipped vehicles can reduce accidents and earn discounts up to 10%.
  • Homeowners Pay Less – Owning a home can save you money because of the fact that having a home demonstrates responsibility.
  • Discounts for Safe Drivers – Insureds without accidents can pay as much as 50% less on Accord coverage than less cautious drivers.
  • College Student – Youth drivers who are attending college and don’t have a car may qualify for this discount.
  • Club Memberships – Belonging to a qualifying organization is a good way to get lower rates on insurance on Accord coverage.
  • More Vehicles More Savings – Buying coverage for multiple cars or trucks on one policy may reduce the rate for each vehicle.
  • Early Signing – Some insurance companies reward drivers for switching to them before your current policy expires. This can save 10% or more.
  • Drivers Ed for Students – Cut your cost by having your teen driver successfully complete driver’s ed class if offered at their school.
  • Paperless Signup – A few companies give back up to $50 just for signing your application digitally online.

As a disclaimer on discounts, some credits don’t apply to the entire policy premium. Most only apply to individual premiums such as comprehensive or collision. Just because you may think adding up those discounts means a free policy, you’re out of luck.

Insurance companies that possibly offer some of the above discounts include:

Before buying, ask every prospective company what discounts are available to you. Discounts may not apply in your area.

How to Compare Insurance Costs

Comparing insurance rates can be a lot of work if you don’t utilize the most efficient way. You can waste a few hours (or days) talking to local insurance agents in your area, or you could use the web to get pricing more quickly.

Most car insurance companies belong to a marketplace where prospective buyers enter their policy data once, and every company returns a rated price determined by their information. This prevents consumers from doing repetitive form submissions for each company. To fill out one form to compare multiple rates now click here (opens in new window).

The only drawback to pricing coverage this way is that consumers can’t choose the insurers to get pricing from. If you would rather choose individual companies for rate comparison, we have a listing of insurance companies in your area. Click here to view list.

It’s up to you how you get prices quotes, just be sure to compare the exact same coverage information for each comparison quote. If you have different limits and deductibles on each one then you won’t be able to make a fair comparison for your Honda Accord.

Do I need special coverages?

When it comes to buying the right insurance coverage, there really is not a “best” method to buy coverage. Your needs are not the same as everyone else’s.

Here are some questions about coverages that can aid in determining whether or not you would benefit from an agent’s advice.

  • How many claims can I have before being cancelled?
  • Do I have coverage when using my vehicle for my home business?
  • Does liability extend to a camper or trailer?
  • Do I need motorclub coverage?
  • Am I covered if I wreck a rental car?
  • What is medical payments coverage?
  • What is covered by UM/UIM coverage?
  • Are rental cars covered under my policy?
  • Do I have newly-aquired coverage?
  • Does my car insurance cover rental cars?

If you’re not sure about those questions, you might consider talking to an agent. To find lower rates from a local agent, take a second and complete this form. It only takes a few minutes and can help protect your family.

Insurance coverages explained

Knowing the specifics of a insurance policy can be of help when determining the right coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and coverage can change by endorsement.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP kick in for bills for X-ray expenses, prosthetic devices, surgery and doctor visits. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Comprehensive coverage – This coverage covers damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as a tree branch falling on your vehicle, damage from getting keyed, rock chips in glass and a broken windshield. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Liability insurance – This provides protection from damages or injuries you inflict on a person or their property that is your fault. This coverage protects you from claims by other people. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 100/300/100 which stand for $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for things such as legal defense fees, attorney fees and emergency aid. How much liability should you purchase? That is a personal decision, but buy as much as you can afford.

Collision – This will pay to fix damage to your Accord caused by collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as sustaining damage from a pot hole, driving through your garage door, crashing into a building, crashing into a ditch and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. You can also increase the deductible to get cheaper collision coverage.

Save your cold hard cash

You just read many ways to lower your 1992 Honda Accord insurance rates. The key concept to understand is the more you quote, the better likelihood of reducing your rate. You may be surprised to find that the biggest savings come from some of the smallest insurance companies.

When trying to cut insurance costs, never reduce coverage to reduce premium. Too many times, someone sacrificed liability limits or collision coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy the best coverage you can find at an affordable rate.

Low-cost insurance can be sourced both online and also from your neighborhood agents, so you should be comparing quotes from both so you have a total pricing picture. There are still a few companies who may not provide online quoting and these small insurance companies work with independent agents.

More detailed insurance information can be read at these sites: