Cheap 2001 Honda Accord Insurance Rates

Searching for cheaper auto insurance rates for your Honda Accord? Shopping for car insurance is not a process people love to do, but all states require it for any vehicle you drive.

It’s a good idea to compare prices every six months because rates are adjusted regularly by insurance companies. Just because you had the best price for Accord coverage last year the chances are good that you can find a lower rate today. You can find a lot of wrong information about auto insurance on the internet, so I’m going to show you some good information on how to save money.

If you have car insurance now, you will be able to cut costs considerably using this strategy. Pricing cheaper auto insurance coverage is easy if you know what you’re doing. But consumers can benefit from knowing how big insurance companies price online insurance because it can help you find the best coverage.

Do you qualify for a discount?

Companies don’t always publicize every available discount in an easy-to-find place, so here is a list some of the best known as well as the least known ways to save on auto insurance.

  • Memberships – Belonging to a civic or occupational organization could trigger savings when buying auto insurance for Accord coverage.
  • Bundle and Save – When you have multiple policies with the same company you will save up to 20% off your total premium.
  • Employee of Federal Government – Simply working for the federal government could cut as much as 10% off for Accord coverage depending on your company.
  • Drive Safe and Save – Insureds without accidents can pay as much as 50% less for Accord coverage than drivers with accidents.
  • Braking Control Discount – Vehicles equipped with ABS or steering control are safer to drive and earn discounts up to 10%.
  • Use Seat Belts – Drivers who require all occupants to use their safety belts could cut 10% or more on the medical payments or PIP coverage costs.
  • No Claims – Drivers who don’t have accidents can save substantially compared to bad drivers.

Consumers should know that most discounts do not apply the the whole policy. Some only reduce specific coverage prices like liability and collision coverage. So when it seems like all the discounts add up to a free policy, you’re out of luck.

For a list of insurance companies who offer auto insurance discounts, click here to view.

Fast and Easy Insurance Quotes

Effectively comparing insurance prices can take time and effort if you don’t understand the most efficient way. You could waste a few hours driving to insurance agencies in your area, or you can utilize the internet to quickly compare rates.

Most of the best insurance companies enroll in a system where insurance shoppers only type in their quote data once, and each company returns a competitive quote based on the submitted data. This system prevents you from having to do repetitive form submissions to each individual insurance company.

To compare 2001 Honda Accord rates now click here to start a free quote.

The one downside to getting quotes like this is you don’t know exactly which insurance companies to receive prices from. So if you want to select specific providers to compare, we have a page of the cheapest insurance companies in your area. Click to view list.

It’s up to you which method you use, but make sure you use the exact same coverage information on every quote you get. If you compare different values for each quote it’s not possible to find the best deal for your Honda Accord. Having just a slight variation in coverage limits could mean much higher rates. Keep in mind that comparing a large number of companies will increase your chances of finding lower pricing.

Pieces of the Honda Accord insurance rate puzzle

Consumers need to have an understanding of the different types of things that come into play when calculating the price you pay for insurance. Understanding what determines base rates enables informed choices that will entitle you to big savings.

  • Women pay lower rates – Statistics demonstrate women tend to be less risk to insure than men. That doesn’t necessarily mean that men are WORSE drivers than women. Men and women tend to get into accidents at a similar rate, but men cause more damage. Men also have more aggressive citations such as DWI and reckless driving. Male drivers age 16 to 19 tend to get in the most accidents and thus pay the highest rates.
  • Drive a safer car and pay less – Safer cars tend to have better insurance rates. These vehicles result in less severe injuries and fewer injuries translates into fewer and smaller insurance claims and more competitive rates for policyholders. If the Honda Accord earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
  • How credit affects insurance rates – Having a bad credit history is a big factor in determining your rates. Therefore, if your credit rating is not that good, you could save money insuring your 2001 Honda Accord by improving your rating. People with good credit tend to be more responsible than those with lower credit scores.
  • Multiple policies with one company can save – Some insurance companies give discounts to policyholders who have multiple policies with them, otherwise known as a multi-policy discount. Even though this discount sounds good, you still need to comparison shop to verify if the discount is saving money.
  • Never allow your policy to lapse – Having an insurance coverage lapse will be a quick way to trigger a rate increase. Not only will rates go up, but not being able to provide proof of insurance can result in a hefty fine and possibly a revoked license.You may then be required to submit proof of financial responsibility or a SR-22 with your state motor vehicle department.
  • Pay less after the wedding – Having a spouse can actually save you money when buying insurance. It is viewed as being more responsible and it’s proven that married drivers get in fewer accidents.
  • What are your deductibles? – Coverage for physical damage, also known as collision and other-than-collision, is used to repair damage to your Honda. Some examples of claims that would be covered are a windshield shattered by a rock, damage caused by hail, and burglary. Deductibles for physical damage are how much you are required to spend out-of-pocket if you file a covered claim. The more expense the insured has to pay upfront, the lower your rates will be for Accord coverage.

What coverages do I need?

When it comes to choosing the best car insurance coverage, there is no perfect coverage plan. Every situation is different.

Here are some questions about coverages that may help you determine whether your personal situation might need professional guidance.

  • Is my Honda Accord covered if I use it for business?
  • How do I file an SR-22 for a DUI in my state?
  • Can I still get insurance after a DUI?
  • How high should my uninsured/underinsured coverage be in my state?
  • Do I have coverage if my license is suspended?
  • Does coverage extend to a rental car in a foreign country?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form.

Save $403 a year? Really?

Auto insurance companies such as State Farm, Geico and Progressive continually stream ads in print and on television. They all seem to say the same thing of big savings after switching to their company. But how can every company claim to save you money? This is how they do it.

All the different companies are able to cherry pick for the right customer that is profitable for them. For instance, a preferred risk might be profiled as between the ages of 40 and 55, owns a home, and drives less than 7,500 miles a year. A propective insured that hits that “sweet spot” is entitled to the best price and most likely will cut their rates substantially.

Consumers who do not match the “perfect” profile will be quoted a higher premium and ends up with the driver buying from a lower-cost company. The ad wording is “drivers who switch” not “people who quote” save that much. That is how insurance companies can confidently claim big savings. This emphasizes why drivers must compare as many rates as you can. It’s not possible to predict which insurance companies will provide you with the cheapest Honda Accord insurance rates.

Detailed coverages of your car insurance policy

Having a good grasp of a car insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Comprehensive coverages

This pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like theft, fire damage and damage from getting keyed. The most you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Auto collision coverage

Collision insurance pays for damage to your Accord caused by collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like hitting a parking meter, rolling your car and backing into a parked car. Collision is rather expensive coverage, so consider dropping it from older vehicles. Another option is to choose a higher deductible to bring the cost down.

Uninsured and underinsured coverage

This protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Honda Accord.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is very important.

Coverage for medical payments

Coverage for medical payments and/or PIP reimburse you for immediate expenses such as ambulance fees, surgery and rehabilitation expenses. They are often utilized in addition to your health insurance program or if you do not have health coverage. It covers you and your occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Liability auto insurance

Liability insurance provides protection from damages or injuries you inflict on a person or their property that is your fault. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 50/100/50 which means a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability insurance covers things such as bail bonds, repair bills for other people’s vehicles, attorney fees, repair costs for stationary objects and emergency aid. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

In the end, you save

When buying insurance coverage, it’s very important that you do not skimp on critical coverages to save a buck or two. There are too many instances where consumers will sacrifice uninsured motorist or liability limits and found out when filing a claim that it was a big mistake. Your goal should be to purchase a proper amount of coverage for the lowest price.

Drivers change insurance companies for any number of reasons including being labeled a high risk driver, unfair underwriting practices, denial of a claim or policy non-renewal. Whatever your reason, finding a new auto insurance company can be less work than you think.

We just presented many ideas to reduce 2001 Honda Accord insurance prices online. The most important thing to understand is the more you quote, the better likelihood of reducing your rate. Consumers may even find the biggest savings come from the least-expected company.

Additional resources