How Much Does 2006 Honda Accord Insurance Cost?

Want lower auto insurance rates for your Honda Accord? Do you think you bought an expensive auto insurance policy? Believe me when I say there are lots of people in the same boat.

Many car insurance companies compete for your business, and it can be difficult to compare rates and uncover the absolute lowest price

You need to compare prices before your policy renews because insurance prices fluctuate regularly. Just because you found the lowest rates for Accord insurance last year you may be paying too much now. Don’t believe everything you read about auto insurance on the web, but I’m going to show you some good information on how to stop overpaying for insurance.

Get cheaper insurance coverage rates with discounts

Not many people think insurance is cheap, but companies offer discounts that could help you make your next renewal payment. Some of these disounts will be visible at quote time, but some may not be applied and must be inquired about before you will receive the discount.

  • Auto/Home Discount – If you can combine your auto and homeowners policy with one insurance company you could earn a discount of up to 20% and get you affordable insurance.
  • ABS Brakes – Cars and trucks with ABS and/or traction control are safer to drive so companies give up to a 10% discount.
  • Discounts for Federal Employees – Active or retired federal employment could qualify for a slight premium decrease for Accord insurance depending on your insurance coverage provider.
  • Multi-line Discount – If the company offers life insurance, you could get lower insurance coveragerates if you buy life insurance from them.
  • Smart Student Discounts – Performing well in school can earn a discount of 20% or more. Many companies even apply the discount to college students up to age 25.
  • Theft Deterent System – Cars and trucks equipped with anti-theft or alarm systems prevent vehicle theft and that can save you a little bit as well.
  • Early Renewal Discounts – Some insurance companies provide a discount for buying a policy before your current coverage expires. It can save you around 10%.
  • Accident Free – Drivers who don’t have accidents pay much less compared to insureds who have frequent claims or accidents.
  • More Vehicles More Savings – Buying insurance for more than one vehicle on the same insurance coverage policy can reduce the rates for all insured vehicles.
  • Distant Student Discount – Older children who are enrolled in a college that is more than 100 miles from home and won’t have access to an insured vehicle may be insured at a cheaper rate.

It’s important to understand that many deductions do not apply the the whole policy. Some only reduce the price of certain insurance coverages like comp or med pay. Even though the math looks like it’s possible to get free car insurance, it just doesn’t work that way.

The best insurance coverage companies and their possible discounts can be read below.

  • 21st Century discounts include early bird, teen driver, driver training, defensive driver, and homeowners.
  • Progressive includes discounts for multi-policy, good student, homeowner, online quote discount, continuous coverage, and online signing.
  • State Farm policyholders can earn discounts including driver’s education, good student, passive restraint, safe vehicle, multiple autos, good driver, and accident-free.
  • Nationwide has discounts for business or organization, multi-policy, Farm Bureau membership, good student, family plan, defensive driving, and easy pay.
  • Esurance has savings for DriveSense, anti-lock brakes, Switch & Save, renters, and anti-theft.
  • The Hartford may have discounts that include driver training, anti-theft, vehicle fuel type, bundle, defensive driver, and good student.

If you are trying to find cheap insurance quotes, ask each insurance company what discounts are available to you. Depending on the company, some discounts may not apply to policies in your area. To see a list of companies with significant discounts, follow this link.

Shop car insurance online

There are a variety of methods to compare car insurance prices but there is one way that is less time-consuming than others. You could waste time talking about coverages with agents in your area, or you can utilize online quotes for quick rates.

The majority of car insurance companies participate in a marketplace where insurance shoppers complete one form, and each participating company then returns a price quote based on the submitted data. This system prevents you from having to do quote forms to each individual car insurance company.

To fill out one form to compare multiple rates now click here to start a free quote.

The one downside to using this type of form is buyers cannot specifically choose the insurers you want to price. So if you prefer to choose specific providers for rate comparison, we have a listing of companies who write car insurance in your area. Click here for list of insurance companies.

Take whichever approach you prefer, but be sure to compare the exact same coverage limits and deductibles with every price quote. If your comparisons have different limits and deductibles on each one it will be impossible to make a fair rate comparison. Quoting even small variations in limits could mean much higher rates. And when price shopping your coverage, comparing more company’s prices helps increase your odds of locating a better price.

Lower your insurance rates

Smart consumers have a good feel for the rating factors that come into play when calculating the price you pay for car insurance. If you understand what controls the rates you pay, this allows you to make good choices that can earn you cheaper rates.

  • Never let your car insurance expire – Going without insurance can be a sure-fire way to increase your renewal premiums. Not only will you pay higher rates, not being able to provide proof of insurance might get you a fine, jail time, or a revoked license. You will then be forced to submit proof of financial responsibility or a SR-22 with your state motor vehicle department.
  • Higher comp and collision deductibles lower premiums – The deductibles you choose represent how much money you are required to spend if a covered claim is submitted. Physical damage protection, also called comprehensive and collision insurance, protects your car from damage. Some coverage claims would be a windshield broken by a bird, fire damage, and damage caused by road hazards. The more money the insured is willing to pay, the less your company will charge you for insurance for Accord insurance.
  • Females pay lower premiums – The statistics show women tend to be less risk to insure than men. However, this does not mean females are better at driving than males. Men and women get in auto accidents at about the same rate, but the males get into accidents with more damage. They also get cited for more serious violations such as reckless driving. Teenage male drivers generally have the highest accident percentage and are penalized with high car insurance rates.
  • Driving citations can be expensive – Even one ticket can increase the cost of insurance to the point where it’s not affordable. Good drivers have lower premiums than their less careful counterparts. Drivers with severe violations like DUI or reckless driving may need to submit a SR-22 or proof of financial responsibility with their state in order to legally drive.
  • High credit scores save money – Having a bad credit rating can be a huge factor in determining what you pay for car insurance. If your credit score can be improved, you could potentially save money when insuring your 2006 Honda Accord by taking the time to improve your credit score. Drivers with high credit ratings tend to be more responsible than drivers who have worse credit.
  • Employer can influence premiums – Occupations such as fire fightersairline pilots and financial analysts tend to pay higher rates than the rest of us attributed to intense work requirements and extremely grueling work hours. Conversely, careers such as scientists, students and homemakers receive lower rates for Accord insurance.

Tailor your insurance coverage coverage to you

When it comes to buying adequate coverage for your vehicles, there really is not a one size fits all plan. Coverage needs to be tailored to your specific needs so this has to be addressed. These are some specific questions might help in determining if your insurance needs might need an agent’s assistance.

  • Is upholstery damage covered by car insurance?
  • Does liability extend to a camper or trailer?
  • How high should deductibles be on a 2006 Honda Accord?
  • Are rental cars covered under my policy?
  • Am I covered if I wreck a rental car?
  • Does insurance cover damages from a DUI accident?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies.

Well known brands might not be cheapest

Progressive, Geico, Allstate and State Farm regularly use ads on television and other media. They all convey the message that you’ll save big just by switching to their company. How does each company have lower policy pricing? It’s all in the words they use.

Most companies have specific characteristics for the type of driver that will not have excessive claims. One example of a preferred risk might be described as a mature driver, has never had a policy lapse, and chooses high deductibles. Anyone that meets those criteria receives the best rates as well as save when they switch companies.

Drivers who don’t qualify for this stringent profile must pay higher premiums and ends up with the customer buying from a different company. If you listen to the ad wording, they say “people who switch” not “everyone who quotes” save that much money. That is how insurance companies can state the savings.

This emphasizes why it is so important to compare quotes as often as possible. You cannot predict with any certainty which company will have better prices than you’re paying now.

Auto insurance coverage basics

Learning about specific coverages of a auto insurance policy can help you determine the right coverages for your vehicles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Listed below are typical coverages offered by auto insurance companies.

Collision coverage

This coverage pays for damage to your Accord resulting from a collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like hitting a parking meter, damaging your car on a curb and driving through your garage door. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. It’s also possible to bump up the deductible to save money on collision insurance.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and also any damage incurred 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 is a good idea. Usually these limits are set the same as your liablity limits.

Medical expense coverage

Coverage for medical payments and/or PIP kick in for immediate expenses such as ambulance fees, X-ray expenses and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Auto liability

Liability insurance can cover injuries or damage you cause to other people or property in an accident. It protects you against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 25/50/25 that means you have a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Another option is a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against things such as structural damage, bail bonds and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible.

Comprehensive protection

Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for things such as a tree branch falling on your vehicle, damage from getting keyed and damage from a tornado or hurricane. The maximum amount your auto insurance company will pay is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

One last thing

We just covered a lot of techniques to compare 2006 Honda Accord insurance prices online. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding affordable insurance. You may even find the lowest priced car insurance comes from a smaller regional carrier. Smaller companies can often insure niche markets at a lower cost compared to the large companies like State Farm and Allstate.

Some insurance providers don’t offer rate quotes online and most of the time these regional carriers only sell coverage through independent agents. Lower-priced 2006 Honda Accord insurance is attainable both online and with local insurance agents, and you need to comparison shop both to have the best selection.

When buying insurance coverage, don’t be tempted to buy lower coverage limits just to save a few bucks. There are too many instances where someone sacrificed physical damage coverage and learned later that they should have had better coverage. Your aim should be to get the best coverage possible at the best price, but do not skimp to save money.

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