Cheap 2003 Honda Accord Car Insurance Quotes

Searching for better insurance coverage rates for your Honda Accord? Locating better insurance prices for a Honda Accord can turn out to be difficult, but you can learn the following methods to save time. There are both good and bad ways to shop for insurance coverage so you’re going to learn the best way to get price quotes on a Honda and get the lowest price either online or from local insurance agents.

Finding affordable coverage is quite easy. If you are insured now or are just looking to switch companies, you can use these tips to find better prices and possibly find even better coverage. Drivers only need an understanding of the proper way to get comparison rates online.

Insurance premiums are influenced by these factors

Consumers need to have an understanding of a few of the rating criteria that come into play when calculating your policy premiums. When you know what positively or negatively influences your rates, this allows you to make good choices that can help you get better insurance rates.

The factors shown below are some of the most common factors insurance companies consider when setting your prices.

  • Are you male or female? – Statistics demonstrate that women are safer drivers than men. However, this does not mean women are BETTER drivers than men. They both tend to get into at-fault accidents at about the same rate, but men cause more damage. They also get cited for more serious violations such as DWI and reckless driving. Male teenagers are most likely to cause an accident and therefore pay the highest rates.
  • Where you live can modify rates – Being located in smaller towns and rural areas of the country may provide you with better prices when talking about insurance. Fewer people means reduced accidents as well as less vandalism and auto theft. People in densly populated areas tend to have more auto accidents and a longer drive to work. Spending more time driving means a statistically higher chance of an accident.
  • Save by driving less – The more you drive your Honda in a year the more you’ll pay to insure it. A lot of companies charge rates based on their usage. Cars left parked in the garage can get a lower rate than vehicles that have high annual mileage. It’s a good idea to make sure your vehicle rating states the right rating data. Having the wrong rating on your Accord can cost quite a bit.
  • Insure car and home with the same company – Many insurance companies apply a discount to clients that purchase more than one policy in the form of a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. Even though this discount sounds good, drivers will still want to get quotes from other companies to confirm you are receiving the best rates possible.
  • Your employer and insurance rates – Careers like lawyersair traffic controllers and financial analysts are shown to have higher premiums than the average policyholder due to intense work-related stress and long work hours. Other careers such as farmers, historians and performers receive lower rates for Accord coverage.
  • Bump up physical damage deductibles to lower rates – Insurance for physical damage to your car, also called comprehensive and collision insurance, is used to repair damage to your Honda. Examples of some claims that would be covered are collision with another vehicle, vandalism, and windstorm damage. Comprehensive and collision coverage deductibles define how much you are required to pay if a covered claim is submitted. The higher the amount you are required to pay out-of-pocket, the less your company will charge you for insurance for Accord coverage.

Insurance coverage quotes comparison

Performing a rate comparison can be challenging if you don’t understand the best way to get rate quotes. You can waste a lot of time discussing policy coverages with insurance companies in your area, or you can stay home and use the internet to get rate comparisons in just a few minutes.

The majority of car insurance companies belong to a marketplace where insurance shoppers only type in their quote data once, and each company returns a rated price determined by their information. This eliminates the need for form submissions for each company you want a rate for.

To participate in this free quote system, click here to start a free quote.

The one downside to comparing rates this way is you cannot specify which insurance companies you want pricing from. If you prefer to choose specific providers to compare, we have a page of companies who write insurance coverage in your area. Click here for list of insurance companies.

It’s your choice how you get your quotes, but make darn sure you compare equivalent quote information on every quote you get. If you use mixed coverages it’s not possible to truly determine the lowest rate.

Slick advertising tricks that work

Consumers can’t get away from all the ads that claim the best auto insurance rates from companies such as Allstate, Geico and Progressive. They all seem to seem to make the promise that drivers can save some big amount if you change to them.

How does every car insurance company say the same thing? Just pay attention to how they say it.

Insurance providers offer their best rates for the type of customer that earns them the highest profit. A good example of this type of risk profile might be described as between 30 and 50, has few claims, and drives less than 5,000 miles a year. A driver that matches those criteria will most likely get cheap auto insurance rates and most likely will save money with a new company.

Insureds who are not a match for these stringent criteria will be quoted higher rates which leads to the customer not buying. If you listen to the ad wording, they say “customers who switch” not “everyone that quotes” will save that much if they switch. This is how insurance companies can advertise the way they do. This emphasizes why drivers must do a price quote comparison at every renewal. Because you cannot predict which company will fit you best based on your risk profile.

Discount car insurance rates

Insurance can cost an arm and a leg, but there could be significant discounts that can dramatically reduce your bill. Certain reductions will be credited at the time of purchase, but lesser-known reductions have to be specially asked for in order for you to get them. If you don’t get every credit you qualify for, you’re just leaving money on the table.

  • Defensive Driver – Successfully completing a defensive driver course is a good idea and can lower rates depending on where you live.
  • Policy Bundle Discount – If you have multiple policies with the same insurance company they may give you a discount of up to 20% off your total premium.
  • Seat Belts Save – Buckling up and requiring all passengers to use a seat belt can save a little on the medical payments or PIP coverage costs.
  • Senior Discount – If you’re over the age of 55, you can get better car insurance rates for Accord coverage.
  • Accident-Free Discounts – Insureds with no claims or accidents get the best car insurance rates compared to accident-prone drivers.
  • Buy New and Save – Putting insurance on a new car can save up to 30% because newer models are generally safer.
  • Early Signing – A few larger companies give discounts for switching companies before your current expiration date. You can save around 10% with this discount.
  • Distant Student Discount – Older children who live away from home to go to college and leave their car at home could qualify for this discount.
  • Full Payment Discount – If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save up to 5%.
  • Drivers Ed for Students – Teen drivers should sucessfully take a drivers education course in school.

Keep in mind that some of the credits will not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like liability and collision coverage. Even though the math looks like you would end up receiving a 100% discount, it doesn’t quite work that way.

A list of car insurance companies and their possible discounts can be found below.

  • Geico may include discounts for five-year accident-free, seat belt use, driver training, military active duty, and anti-theft.
  • USAA has savings for defensive driver, vehicle storage, new vehicle, multi-vehicle, safe driver, good student, and annual mileage.
  • Progressive has discounts for online quote discount, continuous coverage, multi-policy, online signing, good student, multi-vehicle, and homeowner.
  • American Family includes discounts for defensive driver, good student, air bags, TimeAway discount, accident-free, good driver, and early bird.
  • Esurance offers premium reductions for safety device, renters, emergency road assistance, multi-policy, Switch & Save, and paid-in-full.
  • Farmers Insurance may have discounts that include mature driver, business and professional, good student, switch companies, homeowner, early shopping, and pay in full.
  • State Farm offers discounts for safe vehicle, Drive Safe & Save, student away at school, defensive driving training, passive restraint, and good student.

If you need lower rates, check with all the companies how you can save money. Discounts might not apply everywhere. If you would like to see a list of companies with discount rates, follow this link.

Tailor your auto insurance coverage to you

When it comes to choosing the best auto insurance coverage, there is no one size fits all plan. Your needs are not the same as everyone else’s.

Here are some questions about coverages that can help discover if your situation might need an agent’s assistance.

  • Is a fancy paint job covered?
  • Am I covered if I wreck a rental car?
  • Where can I find DUI or SR-22 insurance?
  • If I drive on a suspended license am I covered?
  • Am I getting all the discounts available?
  • Is a blown tire covered by insurance?
  • Where can I get insurance after a DUI in my state?
  • If my pet gets injured in an accident are they covered?
  • Does insurance cover damages from a DUI accident?
  • Which is better, split liability limits or combined limits?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you don’t have a local agent, take a second and complete this form. It’s fast, doesn’t cost anything and may give you better protection.

Insurance coverage basics

Knowing the specifics of your insurance policy helps when choosing the right coverages at the best deductibles and correct limits. Insurance terms can be confusing and reading a policy is terribly boring.

Auto collision coverage

This pays for damage to your Accord from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as hitting a parking meter, scraping a guard rail, hitting a mailbox and crashing into a ditch. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. You can also bump up the deductible to bring the cost down.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP provide coverage for expenses like doctor visits, ambulance fees and chiropractic care. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries and also any damage incurred to your Honda Accord.

Since a lot of drivers 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 is a good idea.

Liability coverages

Liability insurance can cover damage or injury you incur to a person or their property in an accident. This insurance protects YOU from claims by other people. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability coverage pays for claims like loss of income, structural damage, pain and suffering and medical services. How much coverage you buy is a personal decision, but you should buy as large an amount as possible.

Comprehensive auto coverage

This pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like rock chips in glass, damage from a tornado or hurricane, hail damage and vandalism. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Quote more, save more

Cheaper 2003 Honda Accord insurance is definitely available online and from local insurance agents, and you need to price shop both to have the best selection. Some insurance companies may not offer online price quotes and many times these regional insurance providers prefer to sell through local independent agents.

As you quote insurance, it’s not a good idea to sacrifice coverage to reduce premiums. There have been many situations where someone sacrificed physical damage coverage only to find out that the few dollars in savings costed them thousands. Your focus should be to purchase plenty of coverage for the lowest price, but do not sacrifice coverage to save money.

Consumers leave their current company for many reasons like unfair underwriting practices, poor customer service, denial of a claim and even being labeled a high risk driver. No matter why you want to switch, switching companies can be less work than you think.

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