Cheap 2013 Honda Accord Insurance Rates

Shopping for car insurance is not really something consumers appreciate, but regardless it’s required in order to satisfy compulsory insurance requirements.

Impacting insurance rates for a Honda Accord

Consumers need to have an understanding of the rating factors that help determine the price you pay for insurance. When you know what positively or negatively controls the rates you pay empowers consumers to make smart changes that could result in much lower annual insurance costs.

The following are a few of the “ingredients” used by your company to calculate premiums.

  • Bundling policies can get discounts – Some insurers provide better rates to customers who consolidate policies with them. It’s known as a multi-policy discount. This can amount to five, ten or even twenty percent. If you currently are using one company, it’s in your best interest to comparison shop to ensure the best deal. Drivers may still find a better deal by buying insurance from a different company.
  • Lower rates come with age – Youthful drivers tend to be less responsible when driving so insurance rates are higher. Parents adding a teenage driver to your policy can really hurt. More mature drivers tend to be more responsible, tend to cause fewer accidents and receive fewer citations.
  • Bump up deductibles to save – Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, protects your Honda from damage. Some examples of claims that would be covered could be collision with another vehicle, damage from fire, and rolling your vehicle. Your deductibles are the amount of money you are required to spend out-of-pocket before a claim is paid by your company. The more expense the insured has to pay upfront, the bigger discount you will receive for Accord insurance.
  • Discounts for married couples – Getting married helps lower the price on your insurance policy. It is viewed as being more mature and responsible and statistics show being married results in fewer claims.
  • Where you live – Being located in less populated areas has it’s advantages when insuring your vehicles. Lower population means reduced accidents and a lower car theft rate. Drivers who live in large cities regularly have congested traffic and longer commutes to work. Higher commute times means higher likelihood of an accident.
  • Don’t skimp on liability – Your policy’s liability coverage provides coverage in the event that a court rules you are at fault for personal injury or accident damage. Liability insurance provides for a legal defense up to the limits shown on your policy. Liability is cheap as compared to coverage for physical damage, so do not skimp.

Companies offer discounts so take them!

Properly insuring your vehicles can get expensive, but you can get discounts to cut the cost considerably. A few discounts will automatically apply when you complete an application, but a few need to be specifically requested in order for you to get them.

  • Theft Prevention Discount – Vehicles with anti-theft systems are stolen less frequently and will save you 10% or more.
  • Drive Safe and Save – Safe drivers can get discounts for up to 45% lower rates for Accord insurance than drivers with accidents.
  • No Claims – Good drivers with no accidents pay less when compared with drivers who are more careless.
  • Auto/Home Discount – If you have multiple policies with one insurance company you will save approximately 10% to 15%.
  • More Vehicles More Savings – Having multiple cars or trucks on one policy can get a discount on all vehicles.
  • Driver’s Ed – Have your child take driver’s ed class if offered at their school.
  • Passive Restraints – Vehicles with factory air bags can qualify for discounts of 20% or more.

As a disclaimer on discounts, many deductions do not apply to all coverage premiums. Most cut the price of certain insurance coverages like comprehensive or collision. Even though it may seem like you could get a free insurance coverage policy, it doesn’t quite work that way. But all discounts will reduce the cost of coverage.

Car insurance companies that may offer these money-saving discounts may include but are not limited to:

It’s a good idea to ask each company which discounts they offer. Savings might not be offered in your area.

Do I just need basic coverages?

When it comes to buying proper insurance coverage for your vehicles, there really is no cookie cutter policy. Each situation is unique.

These are some specific questions could help you determine if your situation will benefit from professional help.

  • How can I force my company to pay a claim?
  • Am I missing any policy discounts?
  • Do I pay less if my vehicle is kept in my garage?
  • What are the best liability limits?
  • When can I cancel my policy?
  • Does medical payments coverage apply to all occupants?
  • Is my dog or cat covered if injured in an accident?
  • Do I need higher collision deductibles?
  • Am I insured when driving a different vehicle?
  • Can I rate high risk drivers on liability-only vehicles?

If it’s difficult to answer those questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, complete this form.

Car insurance coverages for a Honda Accord

Learning about specific coverages of your auto insurance policy can be of help when determining the best coverages and the correct deductibles and limits. Auto insurance terms can be difficult to understand and reading a policy is terribly boring.

Uninsured and underinsured coverage – This provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers carry very low liability coverage 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 these limits are identical to your policy’s liability coverage.

Liability auto insurance – Liability insurance will cover injuries or damage you cause to people or other property by causing an accident. It protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Some companies may use one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims such as repair costs for stationary objects, structural damage, court costs, loss of income and pain and suffering. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive coverages – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as fire damage, damage from getting keyed, damage from a tornado or hurricane and hitting a deer. The maximum amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for chiropractic care, doctor visits and X-ray expenses. They are often utilized in addition to your health insurance program or if you are not covered by health insurance. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

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 then insurance will cover the remainder.

Collision coverage pays for things such as crashing into a building, damaging your car on a curb and colliding with a tree. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to bring the cost down.

Save for a rainy day

As you prepare to switch companies, it’s very important that you do not buy less coverage just to save a little money. In many cases, someone sacrificed uninsured motorist or liability limits and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your aim should be to find the BEST coverage at a price you can afford while still protecting your assets.

We just presented some good ideas how you can lower your 2013 Honda Accord insurance rates. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding lower rates. You may even discover the best price on insurance is with the least-expected company.

Drivers leave their current company for any number of reasons including denial of a claim, extreme rates for teen drivers, high prices and delays in responding to claim requests. Regardless of your reason, finding a great new company can be easy and end up saving you some money.

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