2015 Honda Accord Insurance Rates – 7 Savings Tips

No one in their right mind enjoys paying for insurance, particularly when they are paying too much.

Having so many insurance companies to choose from, it is very difficult to find the best insurer.

Consumers should take time to get comparison quotes occasionally because insurance rates are constantly changing. Despite the fact that you may have had the lowest price for Accord insurance two years ago a different company probably has better rates today. There is too much inaccurate information about insurance online but we’re going to give you some excellent ideas to stop overpaying for insurance.

How to Lower Your Car Insurance Cost

There are multiple methods to compare 2015 Honda Accord car insurance quotes, but one way is less time-consuming than others. You could spend the better part of a day driving to insurance companies in your area, or you could use online quoting to get the quickest rates.

Most of the best insurance companies belong to a marketplace that enables customers to only type in their quote data once, and every company returns a competitive quote determined by their information. This eliminates the need for form submissions to each individual car insurance company. To access this free quoting program, click here to open in new window.

The one disadvantage to using this type of form is you are unable to specify which providers to get pricing from. If you prefer to choose from a list of companies to compare, we have a page of companies who write car insurance in your area. Click here for list of insurance companies.

It’s up to you which method you use, but ensure you’re using identical coverages and limits for each comparison quote. If you enter different deductibles it will be next to impossible to truly determine the lowest rate. Just a small difference in coverage limits can mean a large discrepancy in price. Just keep in mind that comparing more company’s prices helps you find the best offered rates.

Slick advertising tricks that work

Car insurance providers like Allstate and Progressive continually stream ads on TV and radio. They all make the same claim about savings after switching your coverage to them. But how can every company make almost identical claims? It’s all in the numbers.

Different companies are able to cherry pick for the right customer they prefer to insure. For example, a driver they prefer might be a mature driver, has no driving citations, and drives newer vehicles. A customer who meets those qualifications will get very good rates and is almost guaranteed to cut their rates substantially.

Drivers who fall outside this ideal profile will be quoted a higher premium and this can result in the customer not buying. Company advertisements say “people who switch” but not “drivers who get quotes” save that much. That’s the way companies can truthfully make the claims of big savings. This emphasizes why you should get as many quotes as possible. It is impossible to predict which insurance companies will fit your personal profile best.

Discounts mean cheaper Honda Accord insurance rates

Companies that sell car insurance don’t always advertise all their discounts in an easy-to-find place, so the following is a list of both well-publicized and also the lesser-known ways to save on car insurance.

  • Multiple Cars – Having all your vehicles on the same car insurance policy may reduce the rate for each vehicle.
  • Early Signing – Some companies give discounts for switching policies prior to your current policy expiration. This can save 10% or more.
  • Distant Student – Kids in college who live away from home and do not have access to a covered vehicle may be able to be covered for less.
  • Clubs and Organizations – Belonging to a qualifying organization may earn a discount when shopping for car insurance for Accord insurance.
  • Military Discounts – Being deployed with a military unit can result in better rates.
  • Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems can help prevent theft and will save you 10% or more.
  • Payment Discounts – If paying your policy premium upfront instead of monthly or quarterly installments you could save 5% or more.

It’s important to note that some of the credits will not apply to the entire policy premium. Most only cut specific coverage prices like medical payments or collision. Even though it may seem like you can get free auto insurance, it doesn’t quite work that way.

To see a list of companies who offer car insurance discounts, follow this link.

Tailor your coverage to you

When choosing coverage, there isn’t really a single plan that fits everyone. Everyone’s situation is unique and your policy should reflect that. For instance, these questions might point out whether your personal situation would benefit from an agent’s advice.

  • Can I rent a car in Mexico?
  • If my 2015 Honda Accord is totaled, can I afford another vehicle?
  • Why am I required to buy high-risk coverage?
  • Am I covered when driving on a suspended license?
  • What is PIP insurance?
  • Where can I find DUI or SR-22 insurance?
  • Does my insurance cover a custom paint job?

If it’s difficult to answer those questions, you might consider talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area.

What insurance coverages do you need?

Learning about specific coverages of a insurance policy helps when choosing the right coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. These are the usual coverages found on most insurance policies.

Comprehensive or Other Than Collision

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as hitting a bird, fire damage, theft and damage from getting keyed. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

UM/UIM Coverage

This coverage gives you protection from other motorists when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your 2015 Honda Accord.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.

Collision protection

This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as colliding with a tree, crashing into a ditch, crashing into a building and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Medical costs insurance

Med pay and PIP coverage provide coverage for bills for prosthetic devices, chiropractic care and EMT expenses. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants as well as if you are hit as a while walking down the street. PIP is only offered in select states but can be used in place of medical payments coverage

Liability insurance

This coverage provides protection from damage or injury you incur to a person or their property that is your fault. It protects you from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 100/300/100 that translate to a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery.

Liability coverage protects against claims like structural damage, funeral expenses, attorney fees and bail bonds. The amount of liability coverage you purchase is up to you, but buy higher limits if possible.

Smart consumers save more

We’ve covered some good ideas how you can compare 2015 Honda Accord insurance prices online. It’s most important to understand that the more price quotes you have, the higher your chance of finding lower rates. You may even find the lowest rates come from a small local company. These companies may often insure only within specific states and give getter rates than their larger competitors like Allstate or State Farm.

When trying to cut insurance costs, it’s very important that you do not sacrifice coverage to reduce premiums. There have been many situations where someone dropped comprehensive coverage or liability limits and learned later that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to find the BEST coverage at the best price, not the least amount of coverage.

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