Lower Your 1994 Honda Accord Insurance Cost

Buyers have many options when searching for the best price on Honda Accord insurance. You can either waste hours driving around to get rate comparisons or utilize the internet to compare rates.

There is a right way and a wrong way to shop for car insurance so we’re going to tell you the absolute fastest way to compare rates on a Honda and obtain the cheapest rates.

Comprehensive Insurance Coverage Comparison Quotes

Getting a lower price on 1994 Honda Accord insurance is actually quite simple. You just need to take time comparing price quotes provided by online insurance companies. This is very easy and can be done in several different ways.

  1. Probably the best way to get the best comparison quotes is to use a rate comparison form click to view form in new window. This form keeps you from doing a different quote to each individual insurance coverage company. Taking the time to complete one form will return quotes instantly. It’s the fastest way to compare.
  2. A slightly less efficient method to analyze rates requires a visit to the website for every company you want to comare and fill out their own quote form. For examples sake, we’ll pretend you want rates from Auto-Owners, Safeco and GMAC. To get rate quotes you would need to go to every website to enter your coverage information, which is why most consumers use the first method. To view a list of companies in your area, click here.
  3. The hardest method to compare rates is to spend your day driving to different agent offices. Shopping for insurance coverage online can eliminate the need for a local agent unless you want the trained guidance only provided by licensed agents. You can, however, price shop your coverage online and get advice from an agent in your area.

Which method you use is up to you, but make darn sure you compare the exact same coverage limits with every price quote. If you are comparing mixed coverages it’s not possible to decipher which rate is best.

Best discounts on Honda Accord coverage

Car insurance can cost a lot, but there are discounts available to reduce the price significantly. Certain discounts will be triggered automatically when you get a quote, but a few need to be manually applied in order for you to get them. If you aren’t receiving every discount possible, you are throwing money away.

  • Drivers Ed for Students – Require your teen driver to successfully complete driver’s ed class if it’s offered in school.
  • Accident Waiver – A few companies will allow you to have one accident before raising your premiums so long as you haven’t had any claims for a certain period of time.
  • Homeowners Savings – Being a homeowner may earn you a small savings because owning a home demonstrates responsibility.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags may earn rate discounts of 20% or more.
  • Safe Driver Discount – Insureds without accidents may receive a discount up to 45% less on Accord coverage than their less cautious counterparts.

It’s important to understand that most discounts do not apply the the whole policy. Most only cut individual premiums such as comp or med pay. Even though it may seem like you can get free auto insurance, companies wouldn’t make money that way. But any discount will cut your overall premium however.

For a list of insurance companies with the best insurance coverage discounts, click here to view.

Tailor your coverage to you

When it comes to choosing coverage, there really is no “best” method to buy coverage. Everyone’s needs are different.

For instance, these questions can help discover if you will benefit from professional help.

  • When should I remove comp and collision on my 1994 Honda Accord?
  • How does medical payments coverage work?
  • Is my babysitter covered when using my vehicle?
  • Does my policy pay for OEM or aftermarket parts?
  • Can I drive in Mexico and have coverage?
  • Is my trailer covered?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and may give you better protection.

What determines your Honda Accord insurance premium

An important part of buying insurance is that you know the rating factors that help determine your insurance rates. Knowing what influences your rates helps enable you to make changes that could result in better insurance rates.

The following are a partial list of the pieces that factor into premiums.

  • Don’t let your coverage lapse – Driving your car without having proper coverage can get your license suspended and as a result your rates will increase for letting your coverage have a gap. And not only will your rates increase, getting caught without coverage might get you a license revocation or jail time.
  • Marriage brings a discount – Having a wife or husband helps lower the price on your policy. Having a significant other translates into being more responsible and statistics show drivers who are married are more cautious.
  • Do you need those extra coverages? – There are many extra coverages that you can buy on your Accord policy. Coverages for roadside assistance, towing coverage and membership fees are examples of these. They may seem like a good idea initially, but your needs may have changed so eliminate them to save money.
  • More people means more accidents – Living in small towns and rural areas can be a good thing when talking about insurance. Lower population means reduced accidents and also fewer theft and vandalism claims. Urban drivers have much more traffic to deal with and a longer drive to work. More time commuting translates into higher accident risk.
  • Protect your assets with liability insurance – Your policy’s liability coverage is the coverage that protects you in the event that a jury decides you are liable for personal injury or accident damage. It will provide legal defense starting from day one. Liability is cheap as compared to coverage for physical damage, so do not skimp.
  • Lower rates with optional equipment – Driving a car with a theft deterrent system can get you a discount on your insurance. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder your vehicle from being stolen.

Save $409 a year. For real?

Drivers can’t get away from ads for cheaper car insurance by State Farm, Geico and Progressive. All the ads say the same thing that you can save if you switch to their company.

How can each company say the same thing? It’s all in the numbers.

Insurance companies are able to cherry pick for the type of driver that earns them a profit. An example of a profitable customer could be between the ages of 40 and 55, has no prior claims, and has a short commute. A customer who meets those qualifications receives the best rates and most likely will save when switching.

Potential customers who don’t qualify for these standards must pay higher rates which leads to business going elsewhere. Company advertisements say “customers who switch” not “people who quote” save that kind of money. This is how insurance companies can make the claims of big savings.

This illustrates why you absolutely need to get as many comparisons as possible. It is impossible to predict the company that will have the lowest Honda Accord insurance rates.

Insurance coverage basics

Understanding the coverages of your insurance policy aids in choosing the best coverages and proper limits and deductibles. Insurance terms can be confusing and coverage can change by endorsement.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for bills such as pain medications, EMT expenses and funeral costs. They are used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Coverage for liability

This coverage can cover damage that occurs to people or other property in an accident. It protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 50/100/50 which means a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Alternatively, you may have a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers things like attorney fees, medical services and emergency aid. The amount of liability coverage you purchase is up to you, but you should buy higher limits if possible.

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Honda Accord.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Most of the time your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Collision protection

This will pay to fix damage to your Accord resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as driving through your garage door, colliding with another moving vehicle, crashing into a building, damaging your car on a curb and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible to bring the cost down.

Comprehensive protection

This coverage covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims like hitting a deer, rock chips in glass, falling objects and damage from flooding. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

One last thing

Insureds switch companies for a number of reasons such as denial of a claim, high prices, lack of trust in their agent and being labeled a high risk driver. It doesn’t matter why you want to switch switching auto insurance companies can be less work than you think.

We just showed you some good ideas how you can shop for 1994 Honda Accord insurance online. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding lower rates. Drivers may discover the biggest savings come from a small local company.

Affordable insurance is available both online in addition to many insurance agents, and you need to price shop both to have the best rate selection. There are still a few companies who do not provide online price quotes and most of the time these small insurance companies sell through independent agents.

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