2003 Honda Accord Insurance Quotes – 9 Ideas for Cheapest Rates

Trying to find better insurance coverage rates? Buyers have lots of choices when searching for the best price on Honda Accord insurance. You can either spend your time calling around getting price quotes or save time using the internet to get rate quotes. There is a better way to shop for insurance coverage so we’re going to tell you the proper way to get price quotes for a Honda and locate the lowest possible price from local insurance agents and online providers.

Comprehensive Insurance Comparison

Finding lower insurance rates is not rocket science. Consumers just need to take a couple of minutes comparing price quotes from different insurance companies. This can be accomplished in several different ways.

  • The single most time-saving way to compare a lot of rates at once is to use a rate comparison form (click to open form in new window). This easy form saves time by eliminating separate quotes for each company. In just a few minutes this one form gets you price quotes from several companies. It’s definitely the quickest method.
  • A less efficient way to analyze rates is to manually visit the website for every company you want to comare to complete a price quote. For sake of this example, we’ll assume you want to compare rates from Allstate, 21st Century and State Farm. You would have to visit each site and enter your information, and that’s why the first method is more popular.

    To view a list of companies in your area, click here.

  • The most time-consuming way of comparing rate quotes is to spend your day driving to insurance agents’ offices. The ability to buy insurance online has reduced the need for local agents unless you have a need for the personal advice of a licensed agent. It is possible to obtain prices from the web and still use a local agent and we’ll touch on that later.

It’s your choice how you get your quotes, but make absolute certain that you use exactly the same coverage limits for each price quote. If you enter different values for each quote it will be next to impossible to determine the lowest rate for your Honda Accord.

Don’t miss out on these nine money-saving discounts

Car insurance companies don’t always advertise every available discount very well, so we took the time to find some of the best known and also the lesser-known savings tricks you should be using. If you don’t get every credit you qualify for, you are paying more than you should be.

  • Discount for Swiching Early – Some insurance companies reward drivers for switching policies prior to your current policy expiration. The savings is around 10%.
  • Senior Discount – If you’re over the age of 55, you can possibly qualify for a small decrease in premiums for Accord insurance.
  • Seat Belt Usage – Requiring all passengers to use their safety belts can save up to 15% off the personal injury premium cost.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to complete a driver education course in school.
  • Good Student – This discount can be rewarded with saving of up to 25%. Earning this discount can benefit you up to age 25.
  • Memberships – Affiliation with certain professional organizations could trigger savings on your policy for Accord insurance.
  • Discounts for Safe Drivers – Insureds without accidents may save up to 50% more for Accord insurance than drivers with accident claims.
  • Accident Forgiveness – Some insurance companies will forgive one accident without raising rates if you are claim-free prior to the accident.
  • Braking Control Discount – Anti-lock brake equipped vehicles prevent accidents and qualify for as much as a 10% discount.

It’s important to understand that some of the credits will not apply to the overall cost of the policy. A few only apply to specific coverage prices like liability and collision coverage. So even though they make it sound like you could get a free car insurance policy, you’re out of luck.

To see a list of providers with discount car insurance rates, click this link.

Do I need special coverages?

When buying coverage for your vehicles, there really is no cookie cutter policy. Everyone’s needs are different.

These are some specific questions may help highlight whether you might need an agent’s assistance.

  • Exactly who is provided coverage by my policy?
  • At what point should I drop full coverage?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Do I pay less if my vehicle is kept in my garage?
  • Is my dog or cat covered if injured in an accident?
  • Can my teen driver be rated on a liability-only vehicle?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Is my 2003 Honda Accord covered for flood damage?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and complete this form. It is quick, free and can help protect your family.

Buyer beware of insurance advertising tricks

Drivers constantly see and hear ads for the lowest price auto insurance from the likes of State Farm and Allstate. All the ads make the same claim of big savings if you change your coverage to them.

How do they all say the same thing?

All companies can use profiling for the right customer that is profitable for them. For instance, a desirable insured might be a mature driver, has no prior claims, and chooses high deductibles. A customer getting a price quote who matches those parameters receives the best rates and is almost guaranteed to save when they switch companies.

Potential insureds who are not a match for the requirements will be charged higher rates and ends up with business not being written. The ad wording is “customers that switch” not “everyone that quotes” save that kind of money. That’s why companies can advertise the savings. That is why drivers must get a wide range of price quotes. It’s impossible to know the company that will give you the biggest savings on Honda Accord insurance.

Auto insurance 101

Having a good grasp of your insurance policy aids in choosing the right coverages and proper limits and deductibles. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like hitting a bird, a tree branch falling on your vehicle and damage from getting keyed. The maximum payout your 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.

Liability car insurance

This can cover injuries or damage you cause to other people or property in an accident. This insurance protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits 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.

Liability coverage protects against claims such as court costs, medical services, emergency aid, structural damage and repair costs for stationary objects. How much coverage you buy is your choice, but buy as much as you can afford.

Collision insurance

This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like scraping a guard rail, hitting a parking meter, backing into a parked car and colliding with a tree. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Honda Accord.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like hospital visits, funeral costs, rehabilitation expenses, X-ray expenses and prosthetic devices. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants in addition to being hit by a car walking across the street. PIP is not universally available and may carry a deductible

In Summary

While you’re price shopping online, do not buy lower coverage limits just to save a few bucks. There have been many cases where someone sacrificed comprehensive coverage or liability limits and learned later that saving that couple of dollars actually costed them tens of thousands. Your focus should be to purchase plenty of coverage at an affordable rate.

You just read a lot of techniques to get a better price on 2003 Honda Accord insurance. The key thing to remember is the more providers you compare, the better your comparison will be. You may even discover the lowest priced auto insurance comes from an unexpected company.

Cheaper insurance is definitely available on the web and also from your neighborhood agents, and you should compare price quotes from both to have the best rate selection. A few companies may not provide online quoting and usually these smaller companies provide coverage only through local independent agents.

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