How Much Does 2010 Honda Accord Insurance Cost?

Finding the best price on insurance coverage can be a challenge if you have never used online price comparisons. But don’t let that discourage you because using the internet to shop for insurance coverage is actually quite easy.

It’s a good idea to do rate comparisons every six months due to the fact that insurance rates change regularly. Even if you got the best deal for Accord coverage last year you can probably find a lower rate today. You’ll find quite a bit of inaccurate information about insurance coverage on the web, but by reading this article, you’re going to learn the best ways to stop overpaying for insurance.

Insurance Prices

To find the best insurance prices, there are several ways of comparing rates from different insurance companies. The best way to find the lowest 2010 Honda Accord rates is to use the internet to compare rates. This is very easy and can be done in a couple of different ways.

  • The most efficient way to get quotes for comparison is a comparison rater form like this one (opens in new window). This easy form keeps you from doing separate forms for each company. One form gets you coverage quotes from many national carriers. It’s definitely the quickest method.
  • A more difficult way to obtain and compare quotes online requires you to visit each company’s website and request a quote. For sake of this example, let’s say you want to compare rates from Farmers, Geico and Travelers. To get rate quotes you would need to go to every website and enter your information, and that’s why the first method is more popular. For a list of links to companies insuring cars in your area, click here.
  • The least recommended way of comparing rate quotes is driving around to and from local insurance agencies. The ability to buy insurance online can eliminate the need for a local agent unless you prefer the professional advice that only a license agent can provide. However, consumers can find lower rates online but still have the advice of a local agent and we’ll talk about that later.

However you get your quotes, make absolute certain that you use the exact same information for each comparison quote. If you use mixed coverages you can’t possibly determine which rate is truly the best. Quoting even small variations in insurance coverages could mean much higher rates. And when quoting insurance, remember that comparing more company’s prices gives you a better chance of getting the best price.

Pay less for Honda Accord insurance

The price of auto insurance can be rather high, but there could be available discounts that can drop the cost substantially. Larger premium reductions will be automatically applied when you quote, but less common discounts must be specifically requested before you will receive the discount.

  • One Accident Forgiven – Some insurance companies will forgive one accident before hitting you with a surcharge so long as you haven’t had any claims prior to the accident.
  • Passive Restraints – Cars that have air bags or automatic seat belts can get savings of more than 20%.
  • College Student – Any of your kids living away from home attending college and do not have a car may be able to be covered for less.
  • Claim Free – Claim-free drivers can earn big discounts when compared with accident-prone drivers.
  • Drive Less and Save – Fewer annual miles on your Honda could qualify for better rates on cars that stay parked.
  • Pay Upfront and Save – If you pay your entire premium ahead of time rather than paying monthly you could save up to 5%.
  • Theft Prevention System – Anti-theft and alarm systems help deter theft and therefore earn up to a 10% discount.
  • Student Driver Training – Make teen driver coverage more affordable by requiring them to enroll in driver’s education if it’s offered in school.

It’s important to note that some credits don’t apply to the entire cost. Most only cut the cost of specific coverages such as comprehensive or collision. So despite the fact that it appears you would end up receiving a 100% discount, companies wouldn’t make money that way. But any discount will help reduce your overall premium however.

Insurance companies that may offer these discounts include:

It’s a good idea to ask all companies you are considering what discounts are available to you. Some discounts may not be available in your area.

Tailor your coverage to you

When choosing proper insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Everyone’s situation is a little different.

These are some specific questions could help you determine whether your personal situation would benefit from an agent’s advice.

  • What is medical payments coverage?
  • Does my policy cover my teen driver if they drive my company car?
  • Why is insurance for a teen driver so high?
  • What is UM/UIM insurance?
  • Does my car insurance cover rental cars?
  • Where can I find high-risk insurance?

If you’re not sure about those questions, you might consider talking to a licensed insurance agent. If you don’t have a local agent, complete this form.

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 your insurance coverage rates. Understanding what controls the rates you pay enables informed choices that may reward you with better insurance coverage rates.

Shown below are a few of the “ingredients” insurance coverage companies consider when setting rates.

  • Equipment add-ons that lower insurance coverage rates – Owning a car with anti-theft technology or alarm system can save you a little every year. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent your car from being stolen.
  • How credit affects insurance coverage rates – A driver’s credit history is a huge factor in your rate calculation. Therefore, if your credit is not that good, you could save money insuring your 2010 Honda Accord by improving your rating. People with high credit ratings tend to be more responsible than drivers with lower credit scores.
  • Bad driving skills means higher rates – Your driving citation history has a lot to do with how much you pay for insurance. Drivers with clean records receive lower rates than bad drivers. Just one moving violation may increase your cost by twenty percent. Drivers who have serious citations such as hit and run, DWI or reckless driving convictions may need to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to continue driving.
  • Rate your vehicle for proper use – The more miles you rack up on your Honda every year the more you’ll pay to insure your vehicle. Most companies price each vehicle’s coverage based upon how you use the vehicle. Cars left parked in the garage can get a lower rate than vehicles that are driven to work every day. Make sure your insurance coverage policy is rated on how each vehicle is driven, because it can save money. Incorrect usage on your Accord can cost quite a bit.

Car insurance coverage specifics

Having a good grasp of your car insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.

Auto liability

This will cover injuries or damage you cause to other people or property. This insurance protects YOU against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 100/300/100 which stand for a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Another option is one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against claims such as loss of income, court costs, attorney fees, funeral expenses and emergency aid. How much coverage you buy is up to you, but buy as large an amount as possible.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance kick in for bills such as doctor visits, pain medications, chiropractic care, nursing services and prosthetic devices. They are often used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Comprehensive coverages

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as damage from getting keyed, a broken windshield, damage from a tornado or hurricane and fire damage. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Collision protection

Collision coverage will pay to fix damage to your Accord caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as sustaining damage from a pot hole, scraping a guard rail, crashing into a ditch, damaging your car on a curb and hitting a parking meter. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

A fool and his money are soon parted

Drivers who switch companies do it for a number of reasons such as high rates after DUI convictions, delays in paying claims, an unsatisfactory settlement offer or even denial of a claim. No matter why you want to switch, switching companies is pretty simple and you could end up saving a buck or two.

The cheapest 2010 Honda Accord insurance is attainable online and also from your neighborhood agents, and you need to comparison shop both so you have a total pricing picture. Some companies may not provide you the ability to get quotes online and usually these regional insurance providers provide coverage only through local independent agents.

We just showed you many ideas to lower your insurance rates. The key thing to remember is the more providers you compare, the higher the chance of saving money. Consumers could even find that the lowest priced insurance coverage comes from the smaller companies.

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