Lower Your 1994 Honda Accord Insurance Quotes

Trying to find cheaper Driverscar insurance is difficult for drivers who are new to online comparison shopping. With dozens of insurers available, it can easily be a real challenge to find the best price.

Cheaper car insurance rates with discounts

Companies that sell car insurance do not list every disount available very well, so the below list has some of the more common as well as some of the hidden discounts that you may qualify for.

• Discount for Passive Restraints – Options like air bags and/or automatic seat belt systems may earn rate discounts of more than 20%.
• Senior Citizen Rates – Seniors could receive a small decrease in premiums on Accord coverage.
• Discounts for Multiple Vehicles – Drivers who insure multiple cars or trucks on a single policy can reduce the rates for all insured vehicles.
• Federal Government Employee – Having worked for a branch of the government can earn a discount up to 10% on Accord coverage with a few car insurance companies.
• College Student – Kids living away from home attending college and do not have a car could qualify for this discount.
• ABS and Traction Control Discounts – Anti-lock brake equipped vehicles are much safer to drive and therefore earn up to a 10% discount.
• Accident-Free Discounts – Drivers with accident-free driving histories get the best car insurance rates in comparison with drivers who are more careless.
• Homeowners Pay Less – Just owning your own home can get you a discount because it requires a higher level of personal finance.
• Theft Prevention Discount – Anti-theft and alarm system equipped vehicles have a lower chance of being stolen so companies will give you a small discount.
• Low Mileage – Low mileage vehicles could qualify for slightly better car insurancerates than normal.

Just know that some of the credits will not apply the the whole policy. Most only cut the cost of specific coverages such as collision or personal injury protection. If you do the math and it seems like you can get free auto insurance, it doesn’t quite work that way.

Large car insurance companies and a selection of discounts are:

• Geico may have discounts that include seat belt use, membership and employees, multi-vehicle, defensive driver, and anti-theft.
• MetLife has discounts for multi-policy, good driver, defensive driver, accident-free, good student, and claim-free.
• Progressive offers discounts including online signing, good student, continuous coverage, multi-policy, multi-vehicle, and online quote discount.
• Travelers includes discounts for good student, new car, save driver, multi-policy, and student away at school.
• SAFECO may include discounts for multi-car, drive less, homeowner, anti-theft, and bundle discounts.
• AAA offers premium reductions for good student, education and occupation, pay-in-full, multi-policy, anti-theft, good driver, and AAA membership discount.

When comparing rates, check with every prospective company which discounts can lower your rates. Some discounts listed above might not be available to policyholders in your state.

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The Honda Accord insurance premium equation

Smart consumers have a good feel for some of the factors that come into play when calculating insurance rates. If you know what determines base rates, this empowers consumers to make smart changes that could help you find better insurance rates. Many different elements are considered when pricing auto insurance. Some are pretty understandable like an MVR report, although others are more transparent like your vehicle usage or how financially stable you are.

Listed below are a few of the “ingredients” used by your company to calculate your rates.

• Better drivers have lower rates – Having a clean driving record has a lot to do with how much you pay for insurance. Drivers who don’t get tickets receive lower rates compared to bad drivers. Even one speeding ticket can increase the cost of insurance twenty percent or more. Drivers who have received severe tickets such as reckless driving or DUI might be required by their state to maintain a SR-22 with the DMV in their state in order to legally drive a vehicle.
• More policies can equal more savings – Most major insurance companies give a discount to insureds that purchase more than one policy, otherwise known as a multi-policy discount. The amount of the discounts can be anywhere from five to ten percent in most cases. Even with this discount, you still need to check prices from other companies to make sure you are getting the best deal. You may still be able to save more without the discount by buying from different companies
• Incidental coverages can add up – Insurance companies have many extra add-on coverages that sound like a good idea at the time on your Accord policy. Insurance for vanishing deductibles, accident forgiveness, and Farm Bureau memberships are examples of these. They may seem good at first, but now you might not need them so eliminate them to save money.
• High deductibles equal low rates – Physical damage insurance, also called ‘full coverage’, helps pay for damage to your vehicle. Some instances where coverage would apply could be running into the backend of another car, damage caused by hail, and having your car stolen. Comprehensive and collision coverage deductibles are the amount of money you are required to pay before a claim is paid by your company. The higher the amount you’re willing to pay, the lower your rates will be on Accord coverage.
• Insurance is expensive for teen drivers – Young drivers are statistically proven to be easily distracted behind the wheel therefore insurance rates are much higher. Adding a teen driver to your policy will cause a huge premium hike. Older drivers tend to be more responsible, statistically cause fewer accidents and tend to be get fewer driving tickets.
• Decrease prices by maintaining coverage – Going without insurance is a sure-fire way to pay more for insurance. In addition to paying higher premiums, failure to provide proof of insurance could result in a hefty fine and possibly a revoked license.

Tailor your car insurance coverage to you

When buying adequate coverage for your vehicles, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs.

These are some specific questions can aid in determining whether you would benefit from an agent’s advice.

• Is my 1994 Honda Accord covered for flood damage?
• Do I have any recourse if my insurance company denies a claim?
• Should I have a commercial auto policy?
• Is my ex-spouse still covered by my policy?
• Does my insurance cover damage caused when ticketed for reckless driving?
• Is my nanny covered when driving my vehicle?
• Should I buy more coverage than the required minimum liability coverage?
• Does insurance cover tools stolen from my truck?
• Do I have coverage for damage caused while driving under the influence?

If you can’t answer these questions, you may need to chat with a licensed agent. If you don’t have a local agent, fill out this quick form.

Auto insurance 101

Understanding the coverages of your car insurance policy can be of help when determining the best coverages for your vehicles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

Coverage for uninsured or underinsured drivers

This coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your 1994 Honda Accord.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Usually these limits are identical to your policy’s liability coverage.

Collision coverage

Collision coverage pays to fix your vehicle from damage resulting from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like colliding with a tree, rolling your car, crashing into a ditch, colliding with another moving vehicle and damaging your car on a curb. This coverage can be expensive, so consider removing coverage from vehicles that are older. Another option is to increase the deductible to save money on collision insurance.

Auto liability

This will cover damage that occurs to a person or their property. This coverage protects you from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 25/50/25 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Another option is a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage protects against things like attorney fees, bail bonds and emergency aid. The amount of liability coverage you purchase is your choice, but consider buying as large an amount as possible.

Comprehensive car insurance

This coverage covers damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as a broken windshield, theft, hitting a deer and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive 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 expenses

Coverage for medical payments and/or PIP pay for bills for things like X-ray expenses, pain medications, EMT expenses, prosthetic devices and nursing services. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible

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Be a Smart Shopper

Insureds switch companies for any number of reasons including being labeled a high risk driver, not issuing a premium refund, delays in paying claims or even high prices. Whatever your reason, finding the right insurance coverage provider is pretty easy and you might even save some money in the process.

In this article, we presented some good ideas how you can lower your 1994 Honda Accord insurance prices. The key concept to understand is the more providers you compare, the better your chances of lowering your rates. You may even discover the best prices are with some of the smallest insurance companies.

As you quote car insurance, it’s very important that you do not skimp on coverage in order to save money. Too many times, someone sacrificed full coverage only to discover later that their decision to reduce coverage ended up costing them more. Your focus should be to find the BEST coverage at the best cost, not the least amount of coverage.

To read more, take a look at these articles:

• How to Avoid Common Accidents (State Farm)
• Who Has Cheap Auto Insurance Quotes for a Honda Accord in Kansas City? (KCAutoGuard.com)
• Who Has Affordable Madison Auto Insurance Rates for a Honda Accord? (MadisonInsure.com)
• Rental Reimbursement Coverage (Allstate)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• Smart Auto Insurance Tips (Insurance Information Insitute)
• Young Drivers: The High Risk Years Video (iihs.org)

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