Lower Your 1990 Honda Accord Insurance Cost

Are you sick and tired of paying out the nose to insure your Honda every month? Your situation is no different than the majority of other car owners.

Companies like Allstate and Progressive persitently shower you with TV and radio ads and it is challenging if not impossible to see through the deception and do the work needed to find the best deal.

If you are paying for car insurance now, you stand a good chance to be able to save some money using these tips. Choosing the best insurance company for you is easy if you know what you’re doing. But consumers should learn how the larger insurance companies sell insurance online and take advantage of how the system works.

Honda Accord insurance rates consist of many parts

It’s important that you understand the different types of things that play a part in calculating the rates you pay for car insurance. Having a good understanding of what impacts premium levels allows you to make educated decisions that will entitle you to better car insurance rates.

  • Having a spouse can save you money – Being married can get you a discount on car insurance. It translates into being more mature and it’s statistically proven that drivers who are married are more cautious.
  • Cautious drivers pay less – Just one ticket may increase your cost twenty percent or more. Drivers with clean records get better rates than bad drivers. Drivers who have serious citations such as hit and run, DWI or reckless driving convictions may need to submit a SR-22 or proof of financial responsibility with their state DMV in order to continue driving.
  • One company can mean more discounts – Some insurers will give a discount to insureds who carry more than one policy in the form of a multi-policy discount. Even with this discount, it’s still a good idea to shop around to confirm you are receiving the best rates possible. Drivers may still find better rates by splitting coverages up.
  • Add-on coverages can add up – There are quite a few additional coverages that you can get tricked into buying when buying car insurance. Things like rental car reimbursement, accidental death and term life insurance may be costing you every month. These coverages may sound good at first, but if they’re wasting money remove them from your policy.
  • How credit affects car insurance rates – Having a bad credit score is a huge factor in determining your rates. Drivers who have high credit scores tend to be better drivers and file fewer claims than drivers who have lower credit scores. Therefore, if your credit rating is low, you could potentially save money when insuring your 1990 Honda Accord by improving your rating.
  • Don’t sacrifice liability coverage – Your policy’s liability coverage is the coverage that protects you if ever a court rules you are at fault for personal injury or accident damage. Liability insurance provides you with a defense in court starting from day one. This coverage is very inexpensive as compared to coverage for physical damage, so buy as much as you can afford.
  • High numbers of claims are not good – If you are a frequent claim filer, you can definitely plan on either higher rates or even cancellation. Companies generally give better rates to insureds who do not rely on their insurance for small claims. Car insurance is intended for major claims that would cause financial hardship.
  • A lapse in coverage is a bad thing – Having an insurance coverage lapse will be a guaranteed way to increase your car insurance rates. Not only will rates go up, failure to provide proof of insurance will get you a revoked license or a big fine.Then you may be required to submit proof of financial responsibility or a SR-22 with your state motor vehicle department to get your license reinstated.

Discounts can save BIG

The price of auto insurance can be rather high, but discounts can save money and there are some available that you may not know about. A few discounts will automatically apply when you quote, but some must be specially asked for before you will receive the discount.

  • Safety Course Discount – Taking part in a driver safety course could cut 5% off your bill and easily recoup the cost of the course.
  • Federal Government Employee – Employees or retirees of the government can earn a discount up to 10% on Accord insurance with select insurance companies.
  • Sign Online – Certain companies may give you up to $50 for buying your policy digitally online.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and earn discounts up to 10%.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles can avoid accidents and qualify for as much as a 10% discount.
  • Discount for Life Insurance – Larger companies have better rates if you take out a life insurance policy as well.

Drivers should understand that most of the big mark downs will not be given to your bottom line cost. Some only apply to specific coverage prices like collision or personal injury protection. So when the math indicates all those discounts means the company will pay you, auto insurance companies aren’t that generous. But any discount will bring down the amount you have to pay.

To see a list of insurance companies offering auto insurance discounts, click here to view.

Will just any policy work for me?

When it comes to choosing the best car insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Every situation is different so your insurance should reflect that For example, these questions might point out whether your personal situation would benefit from professional advice.

  • Will I lose any money if I cancel my policy before it expires?
  • Do I have coverage when pulling a U-Haul trailer?
  • Am I covered when delivering products for my home-based business?
  • When do I need to add a new car to my policy?
  • Does my 1990 Honda Accord qualify for pleasure use?
  • What are the best liability limits?
  • Are rock chip repairs covered?
  • What if I don’t agree with a claim settlement offer?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier

Coverage specifics

Having a good grasp of a insurance policy can help you determine the right coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. These are typical coverage types offered by insurance companies.

Comprehensive protection – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as hitting a deer, hitting a bird and damage from getting keyed. The most a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured or underinsured coverage – This coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your 1990 Honda Accord.

Since many drivers 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 is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Collision – Collision insurance pays for damage to your Accord resulting from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision insurance covers things such as scraping a guard rail, hitting a parking meter and rolling your car. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also increase the deductible to bring the cost down.

Medical expense coverage – Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for prosthetic devices, funeral costs, chiropractic care, EMT expenses and hospital visits. They can be used to fill the gap from your health insurance program or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible

Coverage for liability – This coverage will cover injuries or damage you cause to other people or property by causing an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for 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 values of 25/50/25 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Another option is one number which is a combined single limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims such as repair costs for stationary objects, medical expenses, pain and suffering and repair bills for other people’s vehicles. How much coverage you buy is up to you, but it’s cheap coverage so purchase higher limits if possible.

Have money to burn

We just presented quite a bit of information on how to save on 1990 Honda Accord insurance. The key thing to remember is the more providers you compare, the higher the chance of saving money. You may be surprised to find that the best prices are with some of the smallest insurance companies. They may cover specific market segments cheaper than the large multi-state companies such as State Farm, Geico and Nationwide.

Cost effective insurance can be purchased both online and with local insurance agents, and you need to comparison shop both to have the best rate selection. Some insurance companies do not offer online price quotes and many times these small insurance companies only sell through independent insurance agents.

Additional information can be read at the links below