2002 Honda Accord Insurance Rates – 6 Ways to Save

Want better car insurance rates for your Honda Accord? Paying for high-priced Honda Accord insurance can dwindle your personal savings and force you to prioritize other expenses. Doing a price comparison is a great way to lower your monthly bill.

Online insurance companies like State Farm, Allstate, Geico and Progressive all promote huge savings with ads and it is difficult to avoid their marketing magic and take the time to shop coverage around.

If you currently have car insurance, you will be able to save some money using these tips. Finding affordable coverage is easy if you know what you’re doing. Nevertheless, vehicle owners can benefit from knowing how insurance companies price online insurance and apply this information to your search.

Free Auto Insurance Quotes

There are a variety of methods to compare 2002 Honda Accord auto insurance prices but there is one way that is less time-consuming than others. You can waste a lot of time discussing policy coverages with agents in your area, or you could use online quotes to get the quickest rates.

Many popular insurance companies take part in a program where prospective buyers enter their coverage request one time, and every company then gives them pricing. This eliminates the need for quote requests to each individual auto insurance company.

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

The single downside to comparing rates this way is you don’t know exactly the companies you will receive quotes from. So if you prefer to pick from a list of companies to compare, we have assembled a list of the cheapest auto insurance companies in your area. View list of insurance companies.

However you get your quotes, be sure to compare identical information with every price quote. If you have different limits and deductibles on each one you can’t possibly decipher which rate is best. Quoting even small variations in insurance coverages could mean much higher rates. And when comparison shopping, obtaining a wide range of quotes provides better odds of finding the best price.

Get lower rates on 2002 Honda Accord insurance

Insurance can cost an arm and a leg, but discounts can save money and there are some available that you may not know about. Some trigger automatically when you quote, but a few must be inquired about prior to getting the savings.

  • No Accidents – Drivers who don’t have accidents pay less compared to frequent claim filers.
  • Multiple Vehicles – Buying insurance for multiple vehicles on the same insurance policy may reduce the rate for each vehicle.
  • Safe Driver Discount – Drivers who don’t get into accidents can pay as much as 50% less for Accord coverage than less cautious drivers.
  • Homeowners Discount – Being a homeowner may trigger a insurance policy discount because owning a home demonstrates responsibility.
  • College Student – Children living away from home attending college and do not have a car can receive lower rates.
  • Anti-lock Brake System – 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 the the whole policy. Most only reduce the price of certain insurance coverages like comp or med pay. So when it seems like all those discounts means the company will pay you, it just doesn’t work that way. But all discounts will reduce your overall premium however.

To see a list of providers with discount insurance rates, click this link.

Tailor your coverage to you

When buying proper insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Everyone’s situation is unique and your policy should reflect that. For example, these questions might help in determining whether you may require specific advice.

  • Does my insurance cover a custom paint job?
  • Do I have newly-aquired coverage?
  • What is the ISO rating for a 2002 Honda Accord?
  • Should I buy only the required minimum liability coverage?
  • Is there coverage for injuries to my pets?
  • What is an SR-22 filing?
  • Is my nanny covered when driving my vehicle?
  • At what point should I drop full coverage?
  • When does my teenage driver need to be added to my policy?
  • Am I covered if I break a side mirror?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to an agent. To find an agent in your area, simply complete this short form or click here for a list of insurance companies in your area.

Do drivers who switch really save $451 a year?

Companies like Allstate and Progressive consistently run television and radio advertisements. All the ads have a common claim that you’ll save big if you change your policy. How can each company say the same thing? This is how they do it.

All companies are able to cherry pick for the type of driver they prefer to insure. For instance, a preferred risk could be over the age of 40, insures multiple vehicles, and has a high credit rating. A customer that hits that “sweet spot” will get the preferred rates and as a result will probably save a lot of money.

Potential customers who do not match the “perfect” profile will be quoted higher rates which leads to business going elsewhere. The ad wording is “customers who switch” but not “drivers who get quotes” save money. This is how insurance companies can confidently advertise the way they do.

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

Coverages available on your policy

Having a good grasp of a insurance policy can help you determine the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Below you’ll find typical coverage types available from insurance companies.

Auto liability insurance – Liability coverage provides protection from damage or injury you incur to other people or property. This coverage protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 50/100/50 that means you have a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims like medical expenses, structural damage, loss of income, legal defense fees and pain and suffering. How much liability should you purchase? That is a decision to put some thought into, but consider buying as large an amount as possible.

Medical costs insurance – Med pay and PIP coverage kick in for immediate expenses for things like X-ray expenses, chiropractic care, hospital visits and prosthetic devices. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and also covers if you are hit as a while walking down the street. PIP coverage is not universally available and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision – Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for claims such as hitting a bird, hail damage, a tree branch falling on your vehicle and vandalism. The maximum amount your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

UM/UIM Coverage – This protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

Collision coverage – Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like crashing into a building, damaging your car on a curb, crashing into a ditch and colliding with another moving vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also choose a higher deductible in order to get cheaper collision rates.

Make a quick buck

In this article, we presented many ideas to reduce 2002 Honda Accord insurance prices online. The key concept to understand is the more you quote, the better chance you’ll have of finding lower rates. You may even discover the most savings is with an unexpected company. Smaller companies may cover specific market segments cheaper as compared to the big name companies such as Allstate or State Farm.

Cost effective insurance is available on the web and also from your neighborhood agents, and you need to price shop both to have the best selection. Some companies may not provide you the ability to get quotes online and usually these smaller companies provide coverage only through local independent agents.

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