How Much Does 2007 Honda Accord Insurance Cost?

No sane person likes paying for insurance, especially when they know they could get a better deal.

You have multiple auto insurance companies to purchase coverage from, and although it’s a good thing to have a selection, it can be more difficult to compare company pricing.

Smart consumers take time to do rate comparisons quite often because insurance prices change regularly. If you had the lowest quotes on Accord insurance a few years ago you can probably find a lower rate today. Ignore everything you know about insurance because we’re going to show you the right way to properly buy coverages and cut your premium.

Finding the best rates is quite easy. Just about every driver who carries insurance stands a good chance to be able to lower their premiums. But drivers need to have an understanding of how big insurance companies market on the web and apply this information to your search.

Auto insurance discounts are available to reduce your rates

Not too many consumers would say auto insurance is affordable, but you might be missing out on some discounts that could help you make your next renewal payment. Certain credits will be shown at quote time, but a few need to be inquired about before you will receive the discount. If you do not double check each discount you deserve, you’re paying more than you need to.

  • E-sign – A handful of insurance companies may give you up to $50 for buying your policy on your computer.
  • No Charge for an Accident – Not a discount per se, but some companies like State Farm and Geico will let one accident slide before your rates go up if your claims history is clear prior to the accident.
  • Safety Restraint Discount – Drivers who always wear seat belts and also require passengers to buckle up before driving could save 15% on the medical payments or PIP coverage costs.
  • Own a Home and Save – Simply owning a home can earn you a little savings because it requires a higher level of personal finance.
  • Drive Safe and Save – Safe drivers may save up to 50% more on Accord insurance as compared to drivers with claims.
  • Defensive Driver – Taking a safe driver course can save you 5% or more and easily recoup the cost of the course.

One thing to note about discounts is that most discounts do not apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as comprehensive or collision. Even though it appears it’s possible to get free car insurance, you won’t be that lucky.

Some companies that may have most of the discounts above include:

Before purchasing a policy, check with each insurance company how many discounts you can get. All car insurance discounts might not be available to policyholders in your area. To see a list of auto insurance companies with significant discounts, click here.

Shop insurance online

To get cheap insurance coverage quotes, there a variety of ways of comparing rates from many available insurance companies in your state. The easiest way by far to do a complete rate comparison is to jump online and get quotes. This can be done in a couple minutes as outlined below.

  1. If you’re in a hurry, the quickest way consumers can make multiple comparisons would be an industry-wide quote request form click to view form in new window. This form keeps you from doing separate quotes for every prospective company. Filling out one form gets you price quotes from all major companies.
  2. A more time consuming way to compare prices consists of going to each individual company website and fill out their own quote form. For instance, we’ll pretend you want to compare prices for Allstate, Esurance and State Farm. In order to get each rate, you would have to navigate to each company’s site and type in your information over and over, which can be really labor intensive.

    For a handy list of car insurance company links in your area, click here.

  3. The least efficient and most time consuming way to compare rates is driving to insurance agencies in your area. The ability to buy insurance online makes this process obsolete unless you require the professional advice that only a licensed agent can provide. You can, however, obtain prices from the web and get advice from an agent in your area.

Take whichever approach you prefer, but make darn sure you compare exactly the same coverage limits and deductibles on every price quote you get. If you use different values for each quote it will be nearly impossible to make an equal comparison. Having just a slight variation in insurance coverages or limits can result in a big premium difference. Keep in mind that comparing a wide range of rates helps improve the odds of finding better pricing. Some insurance companies are not set up to provide prices over the internet, so you should also compare price quotes from the smaller companies as well.

Everyone needs different auto insurance coverages

When choosing the right insurance coverage for your vehicles, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. These are some specific questions might help in determining if your situation would benefit from an agent’s advice.

  • Who is covered when they drive my 2007 Honda Accord?
  • Is my ex-spouse still covered by my policy?
  • When should I buy a commercial auto policy?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Can I rent a car in Mexico?
  • Can I make deliveries for my home business?
  • Can my teen drive my company car?
  • Are all vehicle passengers covered by medical payments coverage?
  • Do I have any recourse if my insurance company denies a claim?
  • How can I force my company to pay a claim?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier

Car insurance 101

Learning about specific coverages of a auto insurance policy can help you determine the right coverages for your vehicles. Policy terminology can be impossible to understand and coverage can change by endorsement. These are the usual coverages found on most auto insurance policies.

Collision coverage – This coverage will pay to fix damage to your Accord resulting from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims such as scraping a guard rail, rolling your car and crashing into a building. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage – This coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and also any damage incurred to your Honda Accord.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.

Comprehensive coverage – Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like vandalism, rock chips in glass, a broken windshield and hitting a bird. The most a auto insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Liability auto insurance – Liability coverage can cover damage or injury you incur to other’s property or people. This insurance protects YOU from legal claims by others. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability insurance covers claims such as bail bonds, medical services and emergency aid. How much coverage you buy is a decision to put some thought into, but you should buy as much as you can afford.

Medical payments coverage and PIP – Med pay and PIP coverage pay for expenses such as funeral costs, surgery, prosthetic devices, rehabilitation expenses and chiropractic care. They can be used in conjunction with a health insurance program or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is not universally available but can be used in place of medical payments coverage

Final considerations

When shopping online for insurance coverage, don’t be tempted to skimp on coverage in order to save money. There are many occasions where an insured dropped physical damage coverage and discovered at claim time that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy a smart amount of coverage for the lowest price, not the least amount of coverage.

We just presented many ways to shop for 2007 Honda Accord insurance online. The key concept to understand is the more rate quotes you have, the higher your chance of finding cheaper insurance coverage. You may even discover the most savings is with the smaller companies. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as Progressive and Geico.

Some insurance companies may not offer rate quotes online and usually these regional carriers provide coverage only through independent agents. Cheaper insurance coverage is definitely available both online as well as from insurance agents, and you should compare rates from both to have the best selection.

Much more information about insurance coverage is located on the following sites: