2007 Honda Accord Insurance Rates – 10 Policy Discounts

Paying for high-priced Honda Accord insurance can overdraw your personal savings and make it impossible to make ends meet. Shopping your coverage around is a smart way to reduce premiums and put more money in your pocket.

Insurance companies such as Geico, 21st Century and Progressive all promote huge savings with catchy ads and consumers find it hard to sift through the bull and take the time to shop coverage around.

It’s important to get comparison quotes every six months because prices tend to go up over time. Even if you got the best rates on Accord coverage two years ago other companies may now be cheaper. There is a lot of bad advice regarding car insurance online, so with this article, you’re going to get some great ways to stop overpaying for insurance.

If you currently have car insurance, you stand a good chance to be able to cut costs considerably using this strategy. Choosing the best insurance company for you is not rocket science. Although car owners benefit from understanding how companies sell online because it can help you find the best coverage.

How to Compare Auto Insurance Quotes

The are a couple different ways of comparing rates from local auto insurance companies. The simplest method to find the lowest 2007 Honda Accord rates involves getting comparison quotes online. This can be done using a couple different methods.

The best way to find low rates is an all-inclusive rate comparison like this one (opens in new window). This type of form saves time by eliminating separate quotes for every auto insurance company. One simple form gets you price quotes from multiple companies.

A harder way to find lower rates requires visiting the website for every company you want to comare to request a price quote. For examples sake, we’ll assume you want to compare rates from USAA, Geico and Allstate. To get rate quotes you would need to go to every website and enter your information, which is why most consumers use the first method.

For a list of links to insurance companies in your area, click here.

The least recommended way to compare rates is driving around to local insurance agencies. Shopping for auto insurance online eliminates the need for an insurance agent unless you have a need for the trained guidance of a local agent. It is possible to compare online quotes but still have the advice of a local agent.

It’s your choice how you get your quotes, but make sure you use exactly the same coverage limits and deductibles on every quote you get. If you have different limits and deductibles on each one it will be next to impossible to find the best deal for your Honda Accord. Slightly different coverages could mean much higher rates. And when comparison shopping, quoting more helps locate a lower rate.

Tailor your coverage to you

When buying the best insurance coverage for your vehicles, there really is not a one size fits all plan. Every insured’s situation is different so this has to be addressed. These are some specific questions may help you determine if your situation would benefit from professional advice.

  • Should I have a commercial auto policy?
  • Exactly who is provided coverage by my policy?
  • Am I covered if I hit a deer?
  • Where can I get insurance after a DUI in my state?
  • Can I rate high risk drivers on liability-only vehicles?
  • Should I sign the liability waiver when renting a car?
  • Is my dog or cat covered if injured in an accident?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Specific coverage details

Having a good grasp of auto insurance helps when choosing which coverages you need at the best deductibles and correct limits. Auto insurance terms can be ambiguous and reading a policy is terribly boring. Listed below are typical coverage types available from auto insurance companies.

Medical costs insurance – Coverage for medical payments and/or PIP provide coverage for expenses such as hospital visits, EMT expenses, funeral costs, dental work and X-ray expenses. They can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible

Comprehensive or Other Than Collision – Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like fire damage, hail damage, rock chips in glass and damage from a tornado or hurricane. The most your auto insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Auto liability – This coverage will cover damages or injuries you inflict on other people or property. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability coverage protects against things such as medical services, medical expenses and legal defense fees. How much liability coverage do you need? That is your choice, but you should buy as much as you can afford.

Collision – Collision insurance pays for damage to your Accord resulting from a collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like backing into a parked car, sideswiping another vehicle, hitting a parking meter and damaging your car on a curb. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. You can also bump up the deductible to bring the cost down.

UM/UIM Coverage – This protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.