1998 Honda Accord Car Insurance Rates – 8 Ideas for Best Quotes

I really doubt anyone loves paying for insurance, especially knowing their premiums are too high. Since you have so many companies to choose from, it is very difficult to find the most cost effective insurer.

Drivers save money with with these eight discounts

Companies that sell car insurance don’t always publicize all their discounts very clearly, so the following list contains a few of the more common and the harder-to-find auto insurance savings.

  • Telematics Discount – Drivers who elect to allow their insurance company to spy on when and where they use their vehicle by using a telematics device in their vehicle like Allstate’s Drivewise could possibly reduce rates as long as the data is positive.
  • Professional Organizations – Belonging to qualifying employment or professional organizations is a good way to get lower rates on auto insurance.
  • Paperwork-free – A few companies will give a small break for buying your policy on your computer.
  • Good Students Pay Less – Being a good student can save 20 to 25%. You can use this discount normally well after school through age 25.
  • Use Seat Belts – Using a seat belt and requiring all passengers to fasten their seat belts could cut 10% or more off the medical payments premium.
  • Government Employees – Having worked for a branch of the government can earn a discount up to 10% for Accord coverage with a few auto insurance companies.
  • Home Ownership Discount – Just being a homeowner can save you money due to the fact that maintaining a home requires a higher level of personal finance.
  • Save over 55 – If you’re over the age of 55, you can possibly qualify for better auto insurance rates for Accord coverage.

As a footnote on discounts, most discount credits are not given the the whole policy. Most only cut the cost of specific coverages such as liability, collision or medical payments. So even though they make it sound like you would end up receiving a 100% discount, auto insurance companies aren’t that generous.

To locate auto insurance companies who offer cheap auto insurance quotes, follow this link.

Your situation helps dictate your coverage

When buying coverage, there really is no cookie cutter policy. Coverage needs to be tailored to your specific needs so your insurance should reflect that For instance, these questions may help you determine if you may require specific advice.

  • Do I get a pro-rated refund if I cancel my policy early?
  • Why do I only qualify for high-risk insurance?
  • When should I drop full coverage on my 1998 Honda Accord?
  • Why does it cost so much to insure a teen driver?
  • Does my policy cover my teen driver if they drive my company car?
  • Am I covered if my car is in a flood?
  • Do I have coverage when pulling a U-Haul trailer?
  • Should I buy additional glass protection?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can help protect your family.

Detailed coverages of your insurance policy

Understanding the coverages of insurance can be of help when determining appropriate coverage for your vehicles. Insurance terms can be ambiguous and nobody wants to actually read their policy. Shown next are the usual coverages offered by insurance companies.

Collision insurance

This coverage covers damage to your Accord from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims like backing into a parked car, scraping a guard rail, colliding with another moving vehicle and crashing into a ditch. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. You can also raise the deductible to get cheaper collision coverage.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP pay for bills like funeral costs, surgery, doctor visits, hospital visits and X-ray expenses. They are used in conjunction with a health insurance program or if you do not have health coverage. Coverage applies to all vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability coverages

Liability coverage can cover injuries or damage you cause to a person or their property in an accident. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 100/300/100 which means $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.

Liability can pay for claims like legal defense fees, funeral expenses and loss of income. How much liability should you purchase? That is a personal decision, but buy as high a limit as you can afford.

Comprehensive coverage

This will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible 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, damage from flooding and vandalism. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. It can pay for injuries to you and your family and damage to your 1998 Honda Accord.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.

Get your money’s worth

In this article, we covered quite a bit of information on how to reduce 1998 Honda Accord insurance prices online. The most important thing to understand is the more times you quote, the better your chances of lowering your rates. You may even discover the best prices are with some of the smallest insurance companies. These smaller insurers may often insure only within specific states and give getter rates compared to the large companies like Allstate and Progressive.

When you buy insurance coverage online, make sure you don’t reduce needed coverages to save money. In too many instances, consumers will sacrifice full coverage only to regret at claim time they didn’t purchase enough coverage. Your objective should be to buy the best coverage you can find for the lowest cost and still be able to protect your assets.

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