Cheaper 2014 Honda Accord Insurance Quotes

Have you fallen victim to an overpriced auto insurance policy? Believe me, you’re not the only one. With so many insurance companies to choose from, it can be hard to locate the right car insurance company.

Consumers need to compare rates before your policy renews due to the fact that insurance rates trend upward over time. Despite the fact that you may have had the lowest price on Accord coverage last year you will most likely find a better rate today. There is a lot of bad advice regarding auto insurance on the internet, so with this article, you’re going to get some good information on how to buy auto insurance cheaper.

Finding the best rates is quite easy. If you are insured now or are just looking to switch companies, you will benefit by learning to reduce the price you pay and possibly find even better coverage. Drivers just need to know how to compare company rates online.

Elements that influence Honda Accord insurance rates

It’s important that you understand the rating factors that help determine your auto insurance rates. Having a good understanding of what influences your rates allows you to make educated decisions that could result in lower auto insurance prices.

Drive less and save money – The more you drive every year the higher your rate. Almost all companies apply a rate determined by how the vehicle is used. Vehicles left parked in the garage receive lower rates than those used for commuting. Make sure your auto insurance policy is showing the correct driver usage, because improper ratings can cost you money. If your policy improperly rates your Accord can result in significantly higher rates.
Theft deterrents lower rates – Purchasing a vehicle with anti-theft technology or alarm system can help bring down rates. Theft prevention features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping car theft.
Where you live – Residing in a rural area has it’s advantages when buying auto insurance. Less people living in that area means a lower chance of having an accident and also fewer theft and vandalism claims. City drivers tend to have congested traffic and much longer commute distances. Longer commute distances means more change of being in an accident.
More claims means more premium – If you frequently file small claims, you can expect higher rates. Insurance companies give better rates to drivers who are claim-free. Insurance coverage is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
Protect yourself with liability coverage – Liability coverage is the coverage that protects you when a court rules you are at fault for causing damage or personal injury in an accident. Liability insurance provides for a legal defense which can be incredibly expensive. Liability insurance is quite affordable when compared with rates for comp and collision, so do not skimp.
Extra add-on coverages are wasting money – There are quite a few additional coverages that you can buy on your auto insurance policy. Insurance for roadside assistance, towing coverage and term life insurance may be costing you every month. They may seem like a good idea when you first buy your policy, but if they’re wasting money eliminate the coverages to reduce your premium.
Men are more aggressive – Statistics have proven women tend to be less risk to insure than men. Now that doesn’t mean men are worse drivers. Both sexes have accidents at a similar rate, but the males tend to have more serious accidents. They also get cited for more serious violations such as reckless driving.
Multi-policy discounts can save money – Most insurance companies will give a discount to insureds who have multiple policies with them, otherwise known as a multi-policy discount. Even though this discount sounds good, you still need to shop around to ensure the best deal. You may still be able to find better rates by buying insurance from more than one company.

The easiest way to compare car insurance rates takes advantage of the fact most of the larger companies participate in online systems to give free rates quotes. To begin a comparison, all you need to do is take a few minutes to give details like deductibles desired, an estimate of your credit level, how old drivers are, and how much school you completed. That rating data is then sent to many highly-rated insurers and they return cost estimate immediately.

Do you really save 40% when you switch?

Consumers can’t ignore all the ads that promise big savings by companies like State Farm, Geico and Progressive. They all seem to have a common claim of big savings if you switch to them.

How can each company claim to save you money?

All companies are able to cherry pick for the driver that is profitable for them. For example, a profitable customer could be between the ages of 40 and 55, has no prior claims, and drives newer vehicles. A customer who matches those parameters will get very good rates and most likely will save a lot of money.

Potential insureds who do not match the requirements must pay a more expensive rate which leads to business going elsewhere. Company advertisements say “people who switch” but not “drivers who get quotes” save money. That’s why insurance companies can advertise the way they do. This illustrates why drivers must quote coverage with many companies. It is impossible to predict which company will fit your personal profile best.

Are you getting all your discounts?

Auto insurance companies don’t list every available discount very well, so the following is a list of some of the best known as well as the least known discounts you could be receiving. If you don’t get every credit available, you are paying more than you should be.

Military Discounts – Having a family member in the military could be rewarded with lower premiums.
Seat Belts Save – Buckling up and requiring all passengers to use their safety belts could cut 10% or more off the personal injury premium cost.
Pay Upfront and Save – If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.
Driver Safety – Completing a course teaching defensive driving skills can save you 5% or more if you qualify.
Save over 55 – Older drivers may receive better car insurance rates on Accord coverage.
Life Insurance – Companies who offer life insurance give a discount if you purchase life insurance.
Good Student – Getting good grades can save 20 to 25%. The good student discount can last up to age 25.
Fewer Miles Equal More Savings – Keeping the miles down on your Honda can qualify you for lower rates on the low mileage vehicles.

Keep in mind that some of the credits will not apply the the whole policy. Most only apply to individual premiums such as liability, collision or medical payments. So even though they make it sound like you can get free auto insurance, companies don’t profit that way.

To see a list of companies who offer car insurance discounts, follow this link.

Tailor your coverage to you

When choosing coverage, there really is not a “perfect” insurance plan. Every situation is different so this has to be addressed. For instance, these questions might help in determining if you might need an agent’s assistance.

What is covered by UM/UIM coverage?
Should I waive the damage coverage when renting a car?
Does car insurance cover theft of personal property?
Am I covered if I drive in a foreign country?
Can I make deliveries for my home business?
Am I covered by my spouse’s policy after a separation?
Who is covered by my policy?
Am I covered if I crash into my own garage door?
Should I bundle my homeowners policy with my auto?
When should I drop full coverage on my 2014 Honda Accord?

If you don’t know the answers to these questions, then you may want to think about talking to an agent. To find an agent in your area, complete this form or click here for a list of insurance coverage companies in your area. It only takes a few minutes and can help protect your family.

Insurance policy coverages for a Honda Accord

Having a good grasp of your insurance policy can help you determine which coverages you need and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Below you’ll find typical coverage types found on most insurance policies.

Coverage for collisions

This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims such as colliding with a tree, colliding with another moving vehicle and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. You can also bump up the deductible to bring the cost down.

Coverage for liability

Liability insurance provides protection from damage or injury you incur to other’s property or people that is your fault. It protects you from legal claims by others, and does not provide coverage for 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 commonly see limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.

Liability can pay for claims like bail bonds, court costs, medical expenses and attorney fees. The amount of liability coverage you purchase is a personal decision, but consider buying higher limits if possible.

Comprehensive insurance

Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as hitting a deer, damage from a tornado or hurricane, rock chips in glass and hitting a bird. The maximum payout a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Coverage for medical expenses

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses like dental work, X-ray expenses, pain medications, doctor visits and nursing services. They are often used in conjunction with a health insurance program or if you do not have health coverage. They cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Honda Accord.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Have money to burn

Affordable 2014 Honda Accord insurance is attainable on the web and with local insurance agents, and you need to price shop both to get a complete price analysis. Some insurance companies do not offer online price quotes and most of the time these small, regional companies sell through independent agents.

When trying to cut insurance costs, never skimp on critical coverages to save a buck or two. There are too many instances where someone dropped comprehensive coverage or liability limits and discovered at claim time that it was a big mistake. The ultimate goal is to buy enough coverage at a price you can afford while still protecting your assets.

You just learned quite a bit of information on how to compare insurance prices online. It’s most important to understand that the more times you quote, the higher the chance of saving money. Consumers could even find that the best price on insurance is with a smaller regional carrier. Smaller companies can often insure niche markets at a lower cost than their larger competitors like Progressive and Geico.