2000 Honda Accord Insurance Rates – 5 Tricks for Cheaper Quotes

Looking for better car insurance rates for your Honda Accord? Overpriced Honda Accord insurance can dry up your budget and make it tough to pay other bills. Getting a rate comparison can save money and help to tighten up your finances.

Vehicle owners have so many insurers to insure vehicles with, and though it is a good thing to be able to choose, having more car insurance companies makes it harder to find the lowest cost provider.

More discounts mean cheap premiums

Some providers don’t necessarily list every discount in a way that’s easy to find, so below is a list both well-publicized as well as the least known ways to save on insurance.

  • Resident Student – Kids who are attending college without a vehicle on campus may be insured at a cheaper rate.
  • Braking Control Discount – Vehicles with anti-lock braking systems can avoid accidents so companies give up to a 10% discount.
  • Low Mileage – Keeping the miles down on your Honda may allow you to get better insurancerates on cars that stay parked.
  • Discounts for Safe Drivers – Drivers who avoid accidents may receive a discount up to 45% for Accord insurance than less cautious drivers.
  • New Car Discount – Adding a new car to your policy can get you a discount since new model year vehicles have better safety ratings.

Don’t be surprised that most credits do not apply the the whole policy. Most only apply to specific coverage prices like comp or med pay. Even though the math looks like it’s possible to get free car insurance, companies don’t profit that way. Any qualifying discounts should definitely cut your policy premium.

A list of insurance companies and some of the premium reductions they offer are included below.

  • State Farm offers premium reductions for safe vehicle, defensive driving training, Drive Safe & Save, accident-free, multiple policy, and anti-theft.
  • Farmers Insurance has savings for business and professional, pay in full, bundle discounts, distant student, teen driver, and early shopping.
  • Geico may offer discounts for federal employee, driver training, membership and employees, multi-vehicle, five-year accident-free, emergency military deployment, and seat belt use.
  • American Family may have discounts that include good student, early bird, defensive driver, mySafetyValet, accident-free, TimeAway discount, and bundled insurance.
  • Nationwide may include discounts for defensive driving, accident-free, Farm Bureau membership, anti-theft, and multi-policy.
  • Progressive offers discounts including multi-policy, good student, multi-vehicle, homeowner, and continuous coverage.

When comparing rates, check with each insurance company which discounts you qualify for. Some discounts listed above might not be available to policyholders everywhere. To find insurers offering insurance discounts, follow this link.

It’s not one size fits all

When buying the best auto insurance coverage for your personal vehicles, there isn’t really a perfect coverage plan. Everyone’s situation is unique and your policy should reflect that. For example, these questions may help highlight if your insurance needs may require specific advice.

  • Do I have coverage for damage caused while driving under the influence?
  • Do I need higher collision deductibles?
  • Do I really need UM/UIM coverage?
  • Should I get collision insurance on every vehicle?
  • Does having multiple vehicles earn me a discount?
  • What if I don’t agree with a claim settlement offer?
  • What are the best liability limits?
  • How much can I save by bundling my policies?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area.

Car insurance coverages for a 2000 Honda Accord

Learning about specific coverages of your policy helps when choosing the best coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are the usual coverages found on the average car insurance policy.

Uninsured and underinsured coverage

This provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Honda Accord.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Auto collision coverage

Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like colliding with another moving vehicle, scraping a guard rail, backing into a parked car and crashing into a building. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. You can also raise the deductible to save money on collision insurance.

Comprehensive coverages

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as hitting a bird, a tree branch falling on your vehicle, theft and damage from a tornado or hurricane. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Coverage for medical payments

Coverage for medical payments and/or PIP provide coverage for expenses such as chiropractic care, ambulance fees and pain medications. They are utilized in addition to your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Coverage for liability

Liability insurance can cover injuries or damage you cause to people or other property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for things such as emergency aid, bail bonds, loss of income and pain and suffering. How much coverage you buy is a personal decision, but consider buying as high a limit as you can afford.

Don’t be a big spender

You just read a lot of information how to save on 2000 Honda Accord insurance. It’s most important to understand that the more price quotes you have, the better chance you’ll have of finding cheaper insurance. Consumers could even find that the lowest rates are with some of the smallest insurance companies. Some small companies may have significantly lower auto insurance rates on certain market segments than their larger competitors like Allstate, Geico and Progressive.

More affordable car insurance is possible from both online companies and also from your neighborhood agents, and you should be comparing both to get a complete price analysis. Some companies may not have internet price quotes and most of the time these regional insurance providers prefer to sell through independent agencies.

When trying to cut insurance costs, do not skimp on critical coverages to save a buck or two. There are many occasions where someone dropped uninsured motorist or liability limits only to find out that the savings was not a smart move. Your focus should be to find the BEST coverage at the best possible price, but don’t skip important coverages to save money.

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