2018 Honda Accord Car Insurance Rates

Being forced to pay for expensive car insurance premiums can dwindle your accounts and possibly require you to analyze your spending habits. Doing a rate comparison is a fast and free way to slash your bill and have more diposable income.

Due to the large number of insurance providers from which to choose, it can be impossible to locate a more affordable insurance company.

You need to compare premium rates on a regular basis because car insurance prices change quite often. Even if you got the best rates for Accord insurance six months ago other companies may now be cheaper. Forget all the misinformation about car insurance because you’re about to learn the tricks you need to know to find the best coverage while lowering your premiums.

Buying car insurance is not rocket science. If you are insured now or need a new policy, you can use this information to reduce the price you pay and possibly find even better coverage. Drivers just need to learn the proper way to compare rates online.

Free auto insurance rate quotes

Shopping for lower auto insurance rates can take hours if you don’t utilize the most efficient way to do it. You can spend countless hours discussing policy coverages with agents in your area, or you could use online quotes for quick rates.

Most car insurance companies are enrolled in a marketplace where prospective buyers send in one quote, and each participating company then gives them pricing based on that data. This eliminates the need for quote requests to every company. To find out what other companies charge click here (opens in new window).

The one downside to getting quotes like this is you can’t choose the providers to get quotes from. So if you want to choose specific providers to request quotes from, we have assembled a list of auto insurance companies in your area. Click here to view list.

Whichever method you choose, do your best to enter the exact same deductibles and coverage limits for each comparison quote. If your comparisons have different deductibles it will be next to impossible to make a fair comparison for your Honda Accord.

Don’t miss with these discounts

Some providers don’t list their entire list of discounts in an easy-to-find place, so here is a list a few of the more common and also the more inconspicuous discounts that may be available.

  • Organization Discounts – Being in certain professional organizations is a good way to get lower rates on your next renewal.
  • Claim Free – Claim-free drivers get the best auto insurance rates compared to drivers with a long claim history.
  • Early Signing – Some insurance companies reward drivers for signing up before your current expiration date. You can save around 10% with this discount.
  • E-sign Discounts – A few larger online companies will provide an incentive for buying your policy online.
  • ABS Braking Discount – Cars with ABS braking systems or traction control have fewer accidents so companies give up to a 10% discount.
  • Pay Early and Save – By paying your entire bill at once as opposed to paying monthly you can avoid the installment charge.
  • Multiple Policy Discount – If you combine your homeowners and auto policies with one company you could get a discount of approximately 10% to 15%.
  • Include Life Insurance and Save – Larger auto insurance companies have a small discount if you purchase auto and life insurance together.
  • Drive Less and Save – Maintaining low annual mileage could be rewarded with lower premium rates on the low mileage vehicles.
  • Good Student – Being a good student can be rewarded with saving of up to 25%. You can use this discount normally until age 25.

Remember that some credits don’t apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. Even though the math looks like you can get free auto insurance, it doesn’t quite work that way.

Some of the larger companies that may offer policyholders some of the above discounts possibly include:

When comparing rates, check with all companies you are considering which discounts can lower your rates. Some discounts might not be offered in every state. To see a list of auto insurance companies that offer some of these discounts, click this link.

Your situation helps dictate your coverage

When choosing proper insurance coverage, there is no “perfect” insurance plan. Every insured’s situation is different so your insurance needs to address that. For instance, these questions can aid in determining whether you may require specific advice.

  • Do I need more liability coverage?
  • Am I covered when driving a rental car?
  • Does coverage extend to Mexico or Canada?
  • Do I pay less if my vehicle is kept in my garage?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Does medical payments coverage apply to all occupants?

If you’re not sure about those questions, you may need to chat with an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies. It is quick, free and can provide invaluable advice.

Smart consumers know how to buy insurance coverage cheaper

Smart consumers have a good feel for some of the things that help determine the rates you pay for insurance coverage. If you have some idea of what determines premiums, this empowers consumers to make smart changes that can earn you lower insurance coverage prices. Many factors are taken into consideration when quoting car insurance. Most are fairly basic like an MVR report, although others are not quite as obvious like where you live or how safe your car is.

  • More than one policy can earn a discount – The majority of insurers allow lower prices to insureds who buy several policies from them in the form of a multi-policy discount. Even if you qualify for this discount already, consumers should still get quotes from other companies to ensure the best deal.
  • Drive less and get lower costs – The higher the mileage driven each year the more you’ll pay to insure your vehicle. Almost all companies apply a rate based on how the vehicle is used. Autos that do not get driven very much receive lower rates compared to those used for work or business. Verify your insurance coverage declarations sheet is rated on the proper vehicle usage. An improperly rated Accord may be wasting your money.
  • Driving citations can be expensive – Your driving record has a lot to do with how much you pay for insurance. Careful drivers receive lower rates than bad drivers. Even a single driving citation may increase your cost substantially. Drivers with careless violations like reckless driving or DUI may need to file a proof of financial responsibility form (SR-22) with their state in order to legally drive.
  • Your stress level may be raising your rates – Do you work in a high-stress field? Careers such as military generalsair traffic controllers and accountants are shown to have higher average rates because of intense work-related stress and extremely grueling work hours. Conversely, careers such as farmers, engineers and the unemployed pay lower than average rates for Accord insurance.
  • File insurance claims and pay more – Auto insurance companies award the lowest premiums to drivers who are not frequent claim filers. If you’re an insured who likes to file claims you can look forward to increased rates or even have your policy non-renewed. Your car insurance is intended to be relied upon for claims that you cannot pay yourself.
  • Insurance coverage policy lapses increase insurance coverage rates – Letting your insurance expire will be a sure-fire way to increase your rates. Not only will rates go up, being ticketed for driving with no insurance will get you a fine, jail time, or a revoked license.
  • Liability risk factors in – The liability coverage on your policy will protect you in the event that you are responsible for causing damage or personal injury in an accident. Your policy’s liability insurance provides for a legal defense which can cost a lot. Liability insurance is pretty cheap when compared with rates for comp and collision, so do not skimp.

Advertising myths

Consumers can’t avoid all the ads that promise big savings for switching from the likes of State Farm, Geico and Progressive. They all make the same claim that people will save if you move your coverage.

It sounds good, but how can they all charge lower premium rates? It’s all in how they say it.

Companies give the cheapest rates for the type of insured that will most likely be profitable. For example, this type of risk profile could be over age 30, has had continuous coverage, and drives a vehicle with a low ISO rating. Any person that matches those criteria will get a cheap rate quote as well as save if they switch.

Drivers who are not a match for the ideal profile will get a more expensive rate which leads to the customer buying from someone else. Company advertisements say “people who switch” not “everybody who quotes” can get the lowest rates when switching. That’s why insurance companies can claim big savings. That is why you really need to compare free auto insurance quotes often. It’s impossible to know which insurance companies will give you lower rates than your current company.

Coverages available on your auto insurance policy

Having a good grasp of your auto insurance policy helps when choosing the right coverages and the correct deductibles and limits. Auto insurance terms can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverages found on most auto insurance policies.

Uninsured and underinsured coverage

This coverage provides protection 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.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Collision insurance

Collision insurance covers damage to your Accord resulting from a collision with another car or object. A deductible applies and then insurance will cover the remainder.

Collision can pay for things such as rolling your car, sustaining damage from a pot hole and hitting a parking meter. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to save money on collision insurance.

Comprehensive coverages

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like a broken windshield, rock chips in glass and a tree branch falling on your vehicle. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for bills such as ambulance fees, funeral costs, EMT expenses, nursing services and surgery. They are often used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. It covers both the driver and occupants in addition to being hit by a car walking across the street. PIP is not an option in every state and may carry a deductible

Liability

This protects you from injuries or damage you cause to other’s property or people that is your fault. It protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability coverage pays for things such as medical expenses, pain and suffering and bail bonds. How much liability coverage do you need? That is your choice, but you should buy as large an amount as possible.

The best insurance company isn’t always the cheapest

As you prepare to switch companies, do not buy lower coverage limits just to save a few bucks. There are a lot of situations where consumers will sacrifice liability coverage limits and found out when filing a claim that the few dollars in savings costed them thousands. The aim is to find the BEST coverage at the lowest possible cost and still be able to protect your assets.

We just covered a lot of tips how to shop for 2018 Honda Accord insurance online. The most important thing to understand is the more you quote auto insurance, the higher the chance of saving money. You may be surprised to find that the lowest premium rates are with an unexpected company. Regional companies can often provide lower prices in certain areas as compared to the big name companies such as Progressive or Geico.

To learn more, link through to the articles below: