How Much Does 1994 Honda Accord Insurance Cost?

Trying to find cheaper car insurance rates for your Honda Accord? If you are new to online price comparisons, there’s a good chance you are confused by the vast assortment of insurers all claiming to have the lowest rates.

It’s important to do price comparisons on a regular basis since insurance rates change quite often. If you had the lowest rate on Accord coverage a few years ago you will most likely find a better price today. Forget anything you know (or think you know) about car insurance because you’re about to learn the fastest and easiest way to find the best coverage while lowering your premiums.

Locating cheaper protection can be fairly easy. Basically, every vehicle owner who buys auto insurance should be able to find lower rates. Nevertheless, consumers must learn the way companies market insurance on the web and take advantage of how the system works.

The quickest way to compare car insurance company rates utilizes the fact auto insurance companies provide online access to provide you with free rate quotes. All consumers are required to do is provide the companies a bit of rating information including daily mileage, your job, the make and model of your vehicles, and driver ages. That information is instantly sent to insurance companies and they return cost estimate instantly.

If you would like to start a quote now, click here and find out if you can get cheaper insurance.

Don’t miss these premium-slashing discounts

Properly insuring your vehicles can get expensive, but you might find some hidden discounts that you may not even know about. Certain credits will be shown at the time you complete a quote, but lesser-known reductions have to be specifically requested before they will apply. If you don’t get every credit you qualify for, you are throwing money away.

  • Professional Organizations – Having an affiliation with a qualifying organization could earn you a nice discount when getting a insurance quote.
  • Passive Restraints and Air Bags – Options like air bags or automatic seat belts could see savings of 20% or more.
  • Include Life Insurance and Save – Not all insurance companies offer life insurance, but some may give you a discounted rate on car insurance if you buy auto and life insurance together.
  • Driving Data Discount – People who choose to allow driving data submission to monitor where and when they drive through the use of a telematics system such as Drivewise from Allstate or Snapshot from Progressive could possibly reduce rates if they exhibit good driving behavior.
  • Seat Belts Save – Drivers who require all vehicle occupants to buckle up before driving could cut 10% or more on the premium charged for medical payments and/or PIP.

Don’t be shocked that most of the big mark downs will not be given to all coverage premiums. Most only reduce individual premiums such as comprehensive or collision. If you do the math and it seems like having all the discounts means you get insurance for free, companies don’t profit that way.

Some of the insurance companies who might offer these discounts include:

Double check with every company which discounts you qualify for. All car insurance discounts might not be offered on policies in every state. If you would like to view providers that have a full spectrum of discounts, click this link.

You can change your insurance rates

Many factors are part of the calculation when quoting car insurance. Some factors are common sense like an MVR report, but others are more obscure like your continuous coverage or how safe your car is.

  • Avoid coverage lapses – Not having insurance is a big no-no and your next policy will cost more because you let your coverage have a gap. Not only will you pay more, failure to provide proof of insurance might get you a fine, jail time, or a revoked license.
  • Credit history impact insurance prices – Having a good credit history is likely to be a major factor in determining what you pay for insurance. If your credit history is lower than you’d like, you could save money insuring your 1994 Honda Accord if you improve your credit rating. Insureds with very high credit ratings tend to be more responsible than drivers who have lower credit scores.
  • Where you reside – Choosing to live in areas with lower population is a positive aspect when talking about insurance. Less people living in that area means a lower chance of having an accident and also fewer theft and vandalism claims. Drivers who live in large cities tend to have congested traffic and longer commute times. Spending more time driving means more chances of being involved in an auto accident.
  • Liability protection is cheap – Your policy’s liability coverage will provide protection if ever you are ruled to be at fault for physical damage or personal injury to other. Your policy’s liability insurance provides legal defense coverage to defend your case. Liability insurance is pretty cheap compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.
  • Premiums are high for teenagers – Drivers with little experience have a tendency to be inattentive in a vehicle so they pay higher insurance rates. Older insureds have been proven to be more responsible, cause fewer claims and accidents and receive fewer citations.

Do I need special coverages?

When it comes to buying the right insurance coverage, there isn’t really a “perfect” insurance plan. Everyone’s situation is a little different.

For instance, these questions might help in determining whether or not you would benefit from professional advice.

  • What happens if I owe more than my 1994 Honda Accord is worth?
  • Will I lose any money if I cancel my policy before it expires?
  • Do I need roadside assistance coverage?
  • Am I insured when driving a different vehicle?
  • At what point should I drop full coverage?
  • What is the rate difference between pleasure use and commuting?
  • Do all my vehicles need collision coverage?
  • What is an SR-22 filing?
  • If my pet gets injured in an accident are they covered?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed agent. To find an agent in your area, take a second and complete this form.

The car insurance bait and switch

State Farm and Allstate continually stream ads on TV and radio. All the companies tend to make the same promise about saving some big amount if you change to them. How can each company claim to save you money? You have to listen carefully.

Many companies look for specific characteristics for the type of driver that will be a good risk. One example of this type of insured might have to be over the age of 45, has no claims, and drives a vehicle with a low ISO rating. Any new insured who matches that profile receives the best prices and is almost guaranteed to cut their rates if they switch.

People who do not fit this ideal profile must pay more expensive rates which leads to business going elsewhere. Company advertisements say “customers that switch” but not “all drivers who get quotes” save that much. This is how companies can truthfully make it sound like they have such great rates.

This really drives home the point why you absolutely need to compare quotes as often as possible. It’s just not possible to know with any certainty which company will give you the biggest savings.

Car insurance coverage information

Understanding the coverages of a insurance policy can help you determine which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses such as pain medications, surgery, dental work, ambulance fees and EMT expenses. They are often used to fill the gap from your health insurance plan or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

Collision coverages – Collision coverage pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims such as sideswiping another vehicle, colliding with a tree, colliding with another moving vehicle, rolling your car and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

Uninsured and underinsured coverage – This coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family and also any damage incurred to your Honda Accord.

Because many people carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually these coverages are identical to your policy’s liability coverage.

Auto liability insurance – Liability coverage can cover damage that occurs to a person or their property by causing an accident. It protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 50/100/50 that translate to a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Another option is one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers things such as emergency aid, funeral expenses and medical services. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive coverages – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as damage from a tornado or hurricane, a broken windshield and falling objects. The maximum payout 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.

You can do this!

Insureds change insurance companies for a number of reasons such as unfair underwriting practices, delays in responding to claim requests, denial of a claim and even poor customer service. No matter why you want to switch, switching car insurance companies can be easier than you think.

You just learned many ideas to compare 1994 Honda Accord insurance rates online. The most important thing to understand is the more you quote insurance, the better chance you’ll have of finding cheaper insurance. You may even find the best price on car insurance is with the smaller companies.

When buying insurance coverage, you should never reduce needed coverages to save money. In too many instances, someone sacrificed uninsured motorist or liability limits and discovered at claim time that they should have had better coverage. Your objective should be to find the BEST coverage at the lowest possible cost while still protecting your assets.

Additional car insurance information is available on the following sites: