2003 Honda Accord Insurance Quotes

Paying low cost prices for Driversauto insurance can seem to be a challenge for beginners to online insurance quotes. Since there are so many insurers to choose from, it can be a real difficult job to find a more affordable company.

How to find affordable insurance

Performing a rate comparison can be exhausting if you aren’t aware of the most efficient way to do it. You can waste hours driving to insurance companies in your area, or you could save time and use online quotes for quick rates.

Most of the best insurance companies enroll in a system that enables customers to enter their coverage request one time, and each company can give them a price based on the submitted data. This eliminates the need for repetitive form submissions to each company.

To compare rates using this form now click here to open in new window.

The only drawback to using this type of form is buyers cannot specifically choose which companies to get quotes from. If you prefer to choose individual companies to request quotes from, we have a listing of insurance companies in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just be sure to compare apples-to-apples coverages and limits for each comparison quote. If you compare different liability limits it’s impossible to find the best deal for your Honda Accord. Just slight variations in limits could skew the results. Keep in mind that making a lot of price comparisons helps improve the odds of finding a lower rate. Not every company does prices over the internet, so it’s important to also get prices from them, too.

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Cheaper rates by receiving discounts

Some companies don’t always advertise their entire list of discounts very well, so the list below contains some of the best known as well as the least known discounts that you can inquire about if you buy insurance coverage online. If you do not check that you are getting every discount available, you are paying more than you should be.

• New Car Discount – Putting insurance on a new car can be considerably cheaper compared to insuring an older model.
• Anti-lock Brakes – Vehicles that have anti-lock braking systems can reduce accidents and therefore earn up to a 10% discount.
• Discount for Home Ownership – Just being a homeowner can save a few bucks because it is proof that your finances are in order.
• Student in College – Kids who are enrolled in higher education away from home without a vehicle on campus may be able to be covered for less.
• Discounts for Multiple Vehicles – Insuring several vehicles with one company can get a discount for every vehicle.
• Good Student – Excelling in school may save you up to 25%. This discount can apply until age 25.
• Payment Discounts – If you pay your entire premium ahead of time rather than paying monthly you may have a lower total premium amount.

We need to note that some of the credits will not apply to all coverage premiums. Some only apply to the price of certain insurance coverages like medical payments or collision. So even though it sounds like you could get a free car insurance policy, company stockholders wouldn’t be very happy.

A few popular companies and a selection of discounts are:

• American Family offers discounts for air bags, defensive driver, multi-vehicle, accident-free, mySafetyValet, TimeAway discount, and good student.
• Farm Bureau offers premium reductions for safe driver, driver training, multi-policy, youthful driver, multi-vehicle, and renewal discount.
• State Farm has discounts for passive restraint, multiple autos, Drive Safe & Save, good driver, multiple policy, anti-theft, and safe vehicle.
• Travelers may include discounts for hybrid/electric vehicle, save driver, early quote, new car, good student, payment discounts, and home ownership.
• The Hartford policyholders can earn discounts including driver training, vehicle fuel type, good student, bundle, defensive driver, and anti-theft.
• Geico may have discounts that include seat belt use, good student, anti-theft, defensive driver, military active duty, and air bags.
• Progressive may offer discounts for continuous coverage, homeowner, online quote discount, multi-policy, multi-vehicle, and good student.

When quoting, ask each company which credits you are entitled to. Savings might not be offered in your area. For a list of insurers that can offer you the previously mentioned discounts, click here to view.

Your insurance coverage should be tailored to you

When buying adequate coverage, there isn’t really a one size fits all plan. Every situation is different.

For instance, these questions may help you determine if you may require specific advice.

• What companies insure drivers after a DUI or DWI?
• Is a blown tire covered by insurance?
• Does car insurance cover theft of personal property?
• How high should my medical payments coverage be?
• Am I missing any policy discounts?
• Do I benefit by insuring my home with the same company?
• Do I have coverage when pulling a U-Haul trailer?
• Am I covered if I break a side mirror?
• Are there companies who specialize in insuring high-risk drivers?
• Can I still get insurance after a DUI?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an agent. If you don’t have a local agent, simply complete this short form.

How insurance providers calculate Honda Accord insurance rates

The best way to find cheaper insurance coverage is to take a look at the different types of things that go into determining the rates you pay for insurance coverage. If you have some idea of what controls the rates you pay, this enables informed choices that may reward you with lower rates.

• More people means more accidents – Residing in less populated areas may provide you with better prices when buying insurance coverage. Less people corresponds to lower accident rates and lower theft and vandalism rates. City drivers have to deal with much more traffic and longer commutes to work. More time behind the wheel means higher likelihood of an accident.
• More mileage equals more premium – The more miles you rack up on your Honda in a year the more it will cost to insure it. Most insurance companies price each vehicle’s coverage partially by how you use the vehicle. Autos that sit idle most of the time get more affordable rates than vehicles that are driven to work every day. Incorrect rating for your Accord may be costing you higher rates. It’s always a good idea to double check that your insurance coverage coverage is showing the proper vehicle usage, because improper ratings can cost you money.
• Use one insurance company and save – The majority of insurance coverage companies give lower prices to people who consolidate policies with them such as combining an auto and homeowners policy. The amount of the discounts can be ten or even up to twenty percent in some cases. Even with this discount applied, drivers will still want to compare other insurance prices to help guarantee you have the best rates. It’s possible to still find lower rates by buying insurance from more than one company.
• Vehicles with better crash test results that lower prices – Selecting a car model with an alarm system can help lower your rates. Anti-theft devices like OnStar, LoJack tracking, and tamper alarms all hinder your vehicle from being stolen.
• Always keep your policy in force – Driving with no insurance is illegal and insurance coverage companies will penalize you for letting your insurance lapse. Not only will you pay more, failure to provide proof of insurance could result in a license revocation or jail time. Then you may be required to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department to get your license reinstated.
• Do you really need roadside assistance? – Insurance policies have a lot of extra coverages that can waste your money when buying insurance coverage. Things like replacement cost coverage, towing, and membership fees could be just wasting money. They may seem good when discussing your needs, but your money might be better spent on other coverage so consider taking them off your policy.

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Auto insurance coverage specifics

Knowing the specifics of your auto insurance policy aids in choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring.

Coverage for collisions

Collision coverage covers damage to your Accord caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as crashing into a building, damaging your car on a curb, crashing into a ditch and hitting a parking meter. This coverage can be expensive, so consider removing coverage from vehicles that are older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as damage to your Honda Accord.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Usually the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive auto coverage

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as vandalism, hitting a deer, damage from a tornado or hurricane and a broken windshield. The most you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance pay for immediate expenses for EMT expenses, doctor visits, X-ray expenses, hospital visits and rehabilitation expenses. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers you and your occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Liability auto insurance

Liability coverage can cover damages or injuries you inflict on people or other property that is your fault. This coverage protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Some companies may use a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against claims like repair costs for stationary objects, pain and suffering, funeral expenses, court costs and legal defense fees. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

Get your money’s worth

We just covered many tips how you can reduce 2003 Honda Accord insurance prices online. The key thing to remember is the more you quote insurance coverage, the better your comparison will be. Drivers may discover the biggest savings come from an unexpected company.

When trying to cut insurance costs, you should never buy lower coverage limits just to save a few bucks. There are many occasions where someone sacrificed uninsured motorist or liability limits and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your focus should be to find the BEST coverage at the best price, not the least amount of coverage.

Cost effective 2003 Honda Accord insurance is definitely available both online and also from your neighborhood agents, and you should be comparing both to have the best rate selection. Some insurance coverage companies do not provide online quoting and these regional insurance providers work with independent agents.

Even more information can be found in these articles:

• Driving in Bad Weather (Insurance Information Insitute)
• Things to Know Before you Cancel Insurance (Allstate)
• Choosing an Insurance Company (Insurance Information Insitute)
• Neck Injury FAQ (iihs.org)

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