Cheaper 1995 Honda Accord Car Insurance Cost

Want better insurance coverage rates for your Honda Accord? Paying for high-priced Honda Accord insurance can drain your checking account and force you to make sacrifices. Comparison shopping is free, only takes a few minutes, and is a good way to tighten up your finances. Multiple auto insurance companies compete for your hard-earned dollar, and it can be difficult to compare rates to get the lowest rate

Consumers need to shop coverage around quite often because rates fluctuate regularly. Just because you found the best deal for Accord coverage two years ago other companies may now be cheaper. Forget all the misinformation about insurance coverage because we’re going to demonstrate how to use online quotes to find better coverage at a better price.

How to Compare Insurance Rates

There are a variety of methods to compare 1995 Honda Accord insurance quotes, but some are less time-consuming than others. You could waste time talking about coverages with local insurance agents in your area, or you could use the internet to get the quickest rates.

Most of the larger companies participate in a marketplace where prospective buyers complete one form, and at least one company can give them a price for coverage. This saves time by eliminating repetitive form submissions to each company.

To fill out one form to compare multiple rates now click here (opens in new window).

The single downside to doing it this way is buyers cannot specifically choose which carriers you want pricing from. So if you prefer to choose individual companies for rate comparison, we have assembled a list of low cost insurance companies in your area. View list of insurance companies.

It’s up to you how you get prices quotes, just ensure you are comparing apples-to-apples coverage information with each company. If you enter different values for each quote it’s impossible to truly determine the lowest rate.

Buyer beware of auto insurance advertising tricks

Consumers constantly see and hear ads that promise big savings from the likes of Progressive, Allstate and Geico. They all say the same thing that you’ll save big if you move your coverage to them.

How does each company claim to save you money? This is how they do it.

All the different companies have a preferred profile for the type of driver that is profitable for them. For example, a driver they prefer might be between 30 and 50, has no tickets, and drives newer vehicles. A customer who fits that profile will get the preferred rates and as a result will probably save quite a bit of money when switching.

Potential customers who don’t qualify for the requirements will have to pay a more expensive rate which leads to the driver buying from a lower-cost company. Company advertisements say “customers who switch” not “everybody who quotes” save that much money. This is how insurance companies can make the claims of big savings.

Because of the profiling, it’s extremely important to get as many quotes as possible. It’s not possible to predict which auto insurance company will have the lowest Honda Accord insurance rates.

Pay less for Honda Accord insurance

The cost of insuring your cars can be expensive, but there could be available discounts that you may not know about. Certain discounts will be applied when you complete an application, but a few must be specially asked for before they will apply. If you aren’t receiving every discount you deserve, you are paying more than you should be.

  • Student in College – Children living away from home attending college and don’t have a car may qualify for this discount.
  • Early Switch Discount – Some companies give discounts for buying a policy prior to your current policy expiring. It’s a savings of about 10%.
  • Payment Method – If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save up to 5%.
  • Good Student Discount – This discount can save 20 to 25%. The discount lasts well after school through age 25.
  • Theft Prevention Discount – Anti-theft and alarm systems are stolen less frequently and therefore earn up to a 10% discount.
  • Clubs and Organizations – Affiliation with certain professional organizations could qualify you for a break on car insurance for Accord coverage.
  • Paperless Signup – Some insurance companies may give you up to $50 for buying your policy on their website.
  • Auto/Home Discount – If you have multiple policies with the same insurance company you may save up to 20% off your total premium.

It’s important to understand that some credits don’t apply the the whole policy. Some only reduce individual premiums such as physical damage coverage or medical payments. So when it seems like all those discounts means the company will pay you, it doesn’t quite work that way. Any amount of discount will bring down the cost of coverage.

To see a list of companies offering car insurance discounts, click this link.

Tailor your coverage to you

When it comes to choosing the right insurance coverage, there isn’t really a cookie cutter policy. Coverage needs to be tailored to your specific needs and your policy should reflect that. For instance, these questions might point out if your situation will benefit from professional help.

  • Is my 1995 Honda Accord covered for smoke damage?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Do I have coverage when pulling a U-Haul trailer?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Can my teen drive my company car?
  • What vehicles should carry emergency assistance coverage?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of insurance coverage companies in your area. It only takes a few minutes and you can get the answers you need.

Car insurance coverages explained

Knowing the specifics of a car insurance policy aids in choosing the best coverages and the correct deductibles and limits. Car insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverages found on the average car insurance policy.

Comprehensive protection – Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like damage from flooding, fire damage, damage from getting keyed and theft. The maximum payout a car insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Uninsured or underinsured coverage – Your UM/UIM coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Honda Accord.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Most of the time these limits are similar to your liability insurance amounts.

Liability coverages – This provides protection from injuries or damage you cause to other people or property by causing an accident. It protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits 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. Some companies may use a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims such as structural damage, court costs, medical expenses and pain and suffering. How much liability coverage do you need? That is your choice, but consider buying as much as you can afford.

Collision coverage – This coverage covers damage to your Accord from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like sustaining damage from a pot hole, scraping a guard rail, rolling your car and crashing into a ditch. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Medical expense coverage – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for EMT expenses, ambulance fees, nursing services, prosthetic devices and rehabilitation expenses. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Don’t be a big spender

When trying to cut insurance costs, it’s not a good idea to skimp on critical coverages to save a buck or two. In many cases, someone sacrificed collision coverage only to discover later that their decision to reduce coverage ended up costing them more. Your strategy should be to buy the best coverage you can find at the best price while still protecting your assets.

Cheap 1995 Honda Accord insurance can be sourced online and also from your neighborhood agents, and you should compare price quotes from both to get a complete price analysis. Some companies may not provide online price quotes and many times these small insurance companies only sell through independent insurance agents.

We just showed you some good ideas how to compare insurance prices online. It’s most important to understand that the more rate quotes you have, the more likely it is that you will get a better rate. Drivers may discover the biggest savings come from some of the lesser-known companies. Smaller companies can often provide lower rates in certain areas as compared to the big name companies such as Allstate or State Farm.

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