Save on 2003 Honda Accord Car Insurance Quotes

Trying to find cheaper insurance rates for your Honda Accord? No one likes paying for insurance, in particular when the cost is too high. Companies like State Farm, Farmers Insurance, Geico and Allstate continually bombard you with catchy ads and it can be hard to see through the cute green geckos and mayhem and find the best price available.

It’s a good habit to do rate comparisons before your policy renews because insurance rates trend upward over time. Even if you think you had the best rates for Accord insurance last year there is a good chance you can find better rates now. You can find a lot of wrong information about insurance on the internet, so with this article, you’re going to get some proven techniques to find affordable insurance.

Be sure to get all your discounts

Car insurance companies do not advertise every available discount in a way that’s easy to find, so the following is a list of some of the best known and the harder-to-find discounts you could be receiving. If you aren’t receiving every discount available, you’re paying more than you need to.

  • Early Signing – Select companies give a discount for switching policies before your current policy expires. This can save 10% or more.
  • Discounts for Safe Drivers – Drivers who avoid accidents can pay as much as 50% less for Accord insurance than their less cautious counterparts.
  • Defensive Driving Course – Successfully completing a course in driver safety could possibly earn you a 5% discount if you qualify.
  • New Car Discount – Adding a new car to your policy can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Bundle and Save – If you insure your home and vehicles with the same insurance company you could get a discount of at least 10% off all policies.
  • Passive Restraint Discount – Cars that have air bags or automatic seat belts can receive discounts up to 30%.
  • Theft Prevention System – Anti-theft and alarm systems are stolen less frequently and therefore earn up to a 10% discount.
  • Discount for Life Insurance – Some companies give a break if you buy life insurance from them.
  • Anti-lock Brakes – Vehicles with anti-lock braking systems can reduce accidents and earn discounts up to 10%.

It’s important to note that some credits don’t apply to the entire cost. Most cut the cost of specific coverages such as comp or med pay. Even though it may seem like it’s possible to get free car insurance, companies don’t profit that way.

For a list of insurers offering insurance coverage discounts, click this link.

Honda Accord rate determination is complex

It’s important that you understand some of the elements that go into determining the price you pay for car insurance. When you know what positively or negatively influences your rates allows you to make educated decisions that can help you get much lower annual insurance costs.

Listed below are a partial list of the pieces companies use to determine your rates.

  • Your stress level may be raising your rates – Occupations such as real estate brokers, executives and financial analysts tend to have higher average rates due to stressful work requirements and lots of time spent at work. Conversely, occupations like farmers, engineers and the unemployed receive lower rates for Accord insurance.
  • Pleasure use or commuting – The more you drive every year the more you will pay for car insurance. Most companies price each vehicle’s coverage determined by how the vehicle is used. Cars and trucks left parked in the garage receive lower rates than those used for commuting. Improper usage on your Accord can cost quite a bit. Make sure your car insurance policy properly reflects the correct driver usage, because improper ratings can cost you money.
  • Better crash test results mean better rates – Safer cars can get you lower premiums. Safe vehicles result in less severe injuries and lower injury rates translates into fewer and smaller insurance claims passed on to you as lower rates. If the Honda Accord earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
  • Being married can save on car insurance – Having a wife or husband can actually save you money on your car insurance policy. Having a spouse translates into being more mature and responsible and it’s statistically proven that married drivers get in fewer accidents.

How do I know if I need professional advice?

When buying the best car insurance coverage, there isn’t really a perfect coverage plan. Everyone’s situation is a little different so this has to be addressed. For instance, these questions might point out if your situation might need an agent’s assistance.

  • Do all my vehicles need collision coverage?
  • Am I getting all the discounts available?
  • What happens if I owe more than my 2003 Honda Accord is worth?
  • Do I need added coverage for expensive stereo equipment?
  • Why am I required to buy high-risk coverage?
  • Can I pay claims out-of-pocket if I buy high deductibles?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can help protect your family.

Don’t listen to company ads

Consumers constantly see and hear ads for car insurance savings from companies such as Geico, State Farm and Progressive. All the ads make the same claim that you’ll save big if you change your policy.

How does each company make the same claim? This is how they do it.

Different companies are able to cherry pick for the right customer that is profitable for them. A good example of a profitable customer could be between the ages of 30 and 50, a clean driving record, and drives less than 10,000 miles a year. A propective insured who meets those qualifications receives the best rates and as a result will probably save a lot of money.

Potential insureds who are not a match for this ideal profile will be charged higher prices which usually ends up with the driver buying from a lower-cost company. The ads say “customers that switch” not “people who quote” save money. That’s why insurance companies can make those claims. That is why drivers must compare as many rates as you can. It’s impossible to know which company will give you the biggest savings on Honda Accord insurance.

Insurance coverages 101

Understanding the coverages of your policy can help you determine the right coverages at the best deductibles and correct limits. Insurance terms can be confusing and even agents have difficulty translating policy wording. These are the normal coverages found on the average insurance policy.

Liability coverage

This coverage can cover damages or injuries you inflict on other people or property. This insurance protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 100/300/100 which stand for $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability insurance covers things such as legal defense fees, emergency aid and attorney fees. How much coverage you buy is your choice, but buy as much as you can afford.

Insurance for medical payments

Med pay and PIP coverage reimburse you for short-term medical expenses like hospital visits, ambulance fees, doctor visits and EMT expenses. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive coverage (or Other than Collision)

Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things such as fire damage, hail damage, rock chips in glass, damage from getting keyed and theft. The most you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured Motorist or Underinsured Motorist insurance

This gives you protection when the “other guys” either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your 2003 Honda Accord.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Auto collision coverage

Collision insurance pays for damage to your Accord caused by collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as driving through your garage door, scraping a guard rail and crashing into a ditch. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. You can also increase the deductible in order to get cheaper collision rates.

Be Smart and Buy Smart

As you prepare to switch companies, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are a lot of situations where someone dropped full coverage only to find out they didn’t have enough coverage. The aim is to find the BEST coverage at the best price, not the least amount of coverage.

Budget-conscious 2003 Honda Accord insurance can be bought online in addition to many insurance agents, and you need to comparison shop both so you have a total pricing picture. Some insurance providers do not provide the ability to get a quote online and most of the time these regional insurance providers sell through independent agents.

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