2008 Honda Accord Insurance Cost

Trying to find cheaper car insurance rates for your Honda Accord? I can’t think of anyone who looks forward to paying for car insurance, especially when they know it costs too dang much. Companies like State Farm, Allstate, Geico and Progressive continually bombard you with catchy ads and it is difficult to see past the corporate glitz and effectively compare rates to find the best deal.

You need to compare rates before your policy renews because car insurance rates tend to go up over time. Just because you had the lowest rate on Accord insurance two years ago you may be paying too much now. Forget anything you know (or think you know) about car insurance because we’re going to show you one of the easiest ways to save money, get proper coverage and the best rates.

If you have a policy now or need new coverage, you can use these tips to get lower rates while maximizing coverage. Choosing the best insurance company for you is not that difficult. Drivers just need to know the most effective way to get comparison quotes online.

Find discounts on insurance

Auto insurance companies don’t list the complete list of policy discounts very well, so the list below details both the well known and also the lesser-known discounts that may be available.

• No Accidents – Drivers who stay claim-free are rewarded with significantly better rates on auto insurance quote compared to drivers who are more careless.
• Save with More Vehicles Insured – Buying coverage for multiple vehicles on a single policy could earn a price break for each car.
• Use Seat Belts – Requiring all passengers to buckle up could save 15% off the medical payments premium.
• Drive Safe and Save – Drivers who don’t get into accidents can save as much as half off their rates on Accord insurance than their less cautious counterparts.
• Distant Student Discount – who live away from home to go to college and leave their car at home could get you a discount.
• E-sign Discounts – A few larger online companies may give you up to $50 for buying a policy and signing up on their website.

While discounts sound great, it’s important to understand that some of the credits will not apply to the entire cost. Most only apply to specific coverage prices like comprehensive or collision. So despite the fact that it appears adding up those discounts means a free policy, companies wouldn’t make money that way.

If you would like to see a list of insurance companies that provide some of the discounts listed above, click here to view.

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Cheapest auto insurance price quotes

Finding a better price on auto insurance is not a difficult process. The only requirement is to invest a few minutes comparing rates online with multiple companies. Rate comparisons can be done in just a few minutes using one of these methods.

One of the best ways to find the lowest comparison rates would be an industry-wide quote request form like this one (opens in new window). This type of form keeps you from doing repetitive form submissions for each company you want a rate for. Filling out one form will return quotes from all major companies.

A different way to find more affordable insurance is to take the time to go to each individual company website and get a separate price quote. For examples sake, let’s say you want rates from Auto-Owners, Allstate and Liberty Mutual. To get rate quotes you would need to visit each site and repeatedly enter your information, which can be really labor intensive.

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

Which method you use is up to you, but do your best to enter exactly the same coverage limits and deductibles with each company. If you have unequal deductibles or liability limits then you won’t be able to get a fair rate comparison.

How to lower your insurance premiums

Many factors are taken into consideration when you get a price on insurance. Some factors are common sense such as your driving record, although some other factors are less obvious such as whether you are married or how safe your car is.

Shown below are some of the items used by your company to calculate your premiums.

• Policy lapses lead to higher premiums – Driving your car without having proper coverage is a misdemeanor and as a result your rates will increase for letting your insurance coverage expire. Not only will rates go up, not being able to provide proof of insurance could result in a steep fine or even jail time.
• High credit scores equal low costs – Credit history is a large factor in calculating your car insurance rates. Drivers with good credit tend to be less risk to insure as compared to drivers with lower credit scores. So if your credit could use some work, you could pay less to insure your 2008 Honda Accord if you improve your credit rating.
• Get married and get cheaper costs – Having a wife or husband helps lower the price on your car insurance bill. Having a significant other translates into being more responsible and it’s proven that married drivers get in fewer accidents.
• Rates increase with driving citations – Even one chargable violation could increase your next policy renewal to the point where it’s not affordable. Attentive drivers pay less for auto insurance as compared to those with violations. Drivers unfortunate enough to have multiple violations like DUI or reckless driving may find that they have to to submit a SR-22 or proof of financial responsibility with their state in order to prevent a license revocation.
• More traffic equals higher costs – Residing in small towns and rural areas can be a good thing when it comes to car insurance. Less people living in that area means less chance of accidents and also fewer theft and vandalism claims. People who live in big cities have congested traffic and much longer commute distances. The longer drive time translates into higher accident risk.
• Insurance is expensive for teen drivers – Mature drivers are proven to be safer behind the wheel, are lower risk to insure and are safer drivers.Drivers with little experience are known to be inattentive and easily distracted when driving with friends therefore car insurance rates are much higher.

Tailor your insurance coverage coverage to you

When it comes to buying proper insurance coverage, there is no “best” method to buy coverage. Everyone’s needs are different so your insurance needs to address that. For instance, these questions can help discover if you might need professional guidance.

• Am I covered if my car is in a flood?
• Is extra glass coverage worth it?
• Should I buy full coverage?
• Does coverage extend to a rental car in a foreign country?
• Is motorclub coverage worth it?
• Can I afford to pay high deductible claims out of pocket?
• I have a DUI can I still get coverage?
• When would I need rental car insurance?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and can provide invaluable advice.

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Insurance specifics

Learning about specific coverages of your insurance policy aids in choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. These are typical coverage types found on most insurance policies.

Auto liability – This coverage can cover damage that occurs to other’s property or people. This coverage protects you against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things like bail bonds, loss of income and repair costs for stationary objects. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured or underinsured coverage – This protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your Honda Accord.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Comprehensive protection – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like damage from getting keyed, damage from flooding and hail damage. 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 consider removing comprehensive coverage.

Collision coverages – This coverage pays for damage to your Accord resulting from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things such as hitting a parking meter, sustaining damage from a pot hole, damaging your car on a curb, rolling your car and crashing into a building. This coverage can be expensive, so you might think about dropping it from lower value vehicles. It’s also possible to increase the deductible in order to get cheaper collision rates.

Medical expense coverage – Med pay and PIP coverage kick in for expenses such as X-ray expenses, chiropractic care and funeral costs. They are used to fill the gap from your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

You can do this!

When searching for affordable auto insurance quotes, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are too many instances where someone sacrificed liability limits or collision coverage only to regret at claim time they didn’t purchase enough coverage. Your aim should be to buy the best coverage you can find at the best price, not the least amount of coverage.

We just covered a lot of ways to get a better price on 2008 Honda Accord insurance. The key thing to remember is the more companies you get rates for, the better chance you’ll have of finding affordable auto insurance. You may be surprised to find that the lowest prices are with an unexpected company. Smaller companies often have lower rates on specific markets than their larger competitors like Allstate or State Farm.

More information

• Choosing a Car for Your Teen (State Farm)
• Eight Auto Insurance Myths (Insurance Information Insitute)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• Child Safety Seats (Insurance Information Insitute)
• Red Light Cameras (State Farm)

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