2000 Honda Accord Insurance Cost

Trying to find lower insurance rates for your Honda Accord? Feel like you’re a prisoner to overpriced insurance? Trust us when we tell you many consumers are feeling buyer’s remorse and feel like there’s no way out.

Popular companies such as Allstate, Progressive and Geico all promote huge savings with fancy advertisements and consumers find it hard to see through the deception and effectively compare rates to find the best deal.

If you are paying for car insurance now, you will be able to reduce your rates substantially using these methods. Finding affordable coverage is not rocket science. Although drivers can benefit from knowing how the larger insurance companies price insurance differently because it can help you find the best coverage.

Don’t overlook these discounts

Car insurance companies don’t always list all their discounts very clearly, so we break down both well-publicized as well as the least known ways to save on insurance.

  • Multiple Vehicles – Buying insurance for multiple vehicles on one policy can get a discount on all vehicles.
  • New Car Discount – Putting insurance coverage on a new car is cheaper compared to insuring an older model.
  • Driver Safety – Successfully completing a driver safety course can save you 5% or more and easily recoup the cost of the course.
  • Discount for Good Grades – This discount can earn a discount of 20% or more. The discount lasts up to age 25.
  • Sign Early and Save – A few companies offer discounts for switching policies before your current policy expires. It can save you around 10%.
  • Accident Forgiveness – Some insurance companies will allow you to have one accident without raising rates so long as you haven’t had any claims for a set time period.
  • Resident Student – Youth drivers who attend school more than 100 miles from home without a vehicle on campus may qualify for this discount.

It’s important to understand that some of the credits will not apply to the entire cost. Some only apply to specific coverage prices like medical payments or collision. So when the math indicates adding up those discounts means a free policy, insurance companies aren’t that generous.

For a list of insurers who offer insurance discounts, click here to view.

Is my situation unique?

When buying the best car insurance coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Everyone’s needs are different so this has to be addressed. For example, these questions may help highlight if you might need professional guidance.

  • When would I need rental car insurance?
  • Do I pay less if my vehicle is kept in my garage?
  • Is my 2000 Honda Accord covered for flood damage?
  • Do I have coverage when pulling a U-Haul trailer?
  • Why am I required to get a high-risk car insurance policy?
  • Do I need motorclub coverage?
  • Is pleasure use cheaper than using my 2000 Honda Accord to commute?
  • What are the financial responsibility laws in my state?
  • Is a new car covered when I drive it off the dealer lot?
  • Can my teen driver be rated on a liability-only vehicle?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Is there deception in advertising?

Progressive, Allstate and Geico regularly use ads on television and other media. All the companies say the same thing that you’ll save big if you move to their company. But how can every company make almost identical claims? This is how they do it.

Insurance companies can use profiling for the type of driver that makes them money. A good example of a driver they prefer could possibly be a mature driver, has no driving citations, and drives newer vehicles. A customer who fits that profile will get the preferred rates and most likely will pay quite a bit less when switching companies.

Potential insureds who are not a match for the requirements will be quoted higher prices and this can result in the customer not buying. The ads state “people who switch” not “everyone that quotes” save that much money. That’s why companies can make those claims. This emphasizes why drivers must compare as many rates as you can. It’s not possible to predict which car insurance company will fit your personal profile best.

Auto insurance coverages and their meanings

Understanding the coverages of a auto insurance policy helps when choosing the right coverages and proper limits and deductibles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Listed below are the normal coverages found on the average auto insurance policy.

Collision coverage – Collision coverage pays for damage to your Accord from colliding with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as hitting a parking meter, rolling your car and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. You can also choose a higher deductible to bring the cost down.

Comprehensive insurance – Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like a tree branch falling on your vehicle, hail damage, fire damage, rock chips in glass and hitting a deer. The maximum amount your auto insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage provides protection from other drivers when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your 2000 Honda Accord.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for things like funeral costs, dental work, doctor visits and pain medications. They are often used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is not universally available and gives slightly broader coverage than med pay

Auto liability insurance – This coverage protects you from damage or injury you incur to other’s property or people by causing an accident. It protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 25/50/25 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability insurance covers claims like pain and suffering, loss of income, bail bonds and medical expenses. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

More quotes. Lower rates.

We just showed you a lot of information how to lower your 2000 Honda Accord insurance rates. It’s most important to understand that the more times you quote, the better your comparison will be. Drivers may discover the lowest priced insurance coverage comes from a lesser-known regional company. These companies can often insure niche markets at a lower cost compared to the large companies like Progressive and Geico.

Cost effective insurance can be sourced on the web and with local insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. Some companies do not offer online price quotes and most of the time these small insurance companies sell through independent agents.

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