How Much Does 2010 Honda Accord Car Insurance Cost?

Looking for the cheapest auto insurance rates for your Honda Accord? Are you at wits end from robbing Peter to pay Paul each month for auto insurance? You’re in the same situation as many other consumers. Due to the increasing number of choices of insurance companies, it can be impossible to locate the lowest cost insurance company.

You should take the time to check auto insurance prices once or twice a year because rates change quite often. Just because you found the best premium rates on Accord coverage at your last renewal there may be better deals available now. Ignore everything you know about auto insurance because you’re about to find out the best methods to get good coverage at a lower rate.

Earn discounts on auto insurance

Some insurers do not advertise the complete list of policy discounts in an easy-to-find place, so the following is a list of both the well known and the harder-to-find credits available to bring down your rates.

  • Good Driver Discount – Drivers without accidents may save up to 50% more on Accord coverage as compared to drivers with claims.
  • Payment Discounts – By making one initial payment as opposed to paying monthly you could save 5% or more.
  • Anti-lock Brakes – Vehicles with anti-lock braking systems are safer to drive so you can save 10 percent or more.
  • Senior Citizen Rates – If you qualify as a senior citizen, you may qualify for a slight reduction on a auto insurance quote on Accord coverage.
  • Home Ownership Discount – Just owning your own home can save a few bucks since home ownership is proof of financial responsibility.
  • Military Deployment Discount – Having a family member in the military can result in better prices.
  • Professional Memberships – Belonging to a qualifying organization could earn you a nice discount on your bill.
  • No Claims – Insureds with no claims or accidents have much lower rates compared to insureds who have frequent claims or accidents.
  • Passive Restraint Discount – Factory options such as air bags or motorized seat belts can qualify for discounts up to 30%.

A little disclaimer on discounts, most discount credits are not given to the entire policy premium. A few only apply to individual premiums such as comprehensive or collision. Despite the appearance that you can get free auto insurance, it just doesn’t work that way.

The best auto insurance companies and some of the discounts can be found below.

  • Progressive policyholders can earn discounts including online quote discount, online signing, multi-vehicle, multi-policy, good student, homeowner, and continuous coverage.
  • SAFECO discounts include teen safe driver, anti-lock brakes, safe driver, drive less, and teen safety rewards.
  • American Family offers discounts including good driver, TimeAway discount, multi-vehicle, air bags, defensive driver, and accident-free.
  • MetLife offers premium reductions for defensive driver, good student, accident-free, multi-policy, good driver, and claim-free.
  • Geico has discounts for multi-policy, seat belt use, defensive driver, federal employee, and good student.
  • The Hartford includes discounts for anti-theft, bundle, defensive driver, vehicle fuel type, and air bag.

When getting a coverage quote, ask all companies you are considering which discounts can lower your rates. Some discounts might not be available to policyholders in your area. To choose auto insurance companies with significant discounts, follow this link.

Tailor your insurance coverage to you

When it comes to choosing adequate coverage, there really is not a perfect coverage plan. Everyone’s situation is a little different so your insurance needs to address that. For instance, these questions can help discover whether or not you might need professional guidance.

  • How high should deductibles be on a 2010 Honda Accord?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • How much liability insurance is required?
  • What is roadside assistance coverage?
  • Do I have coverage when using my vehicle for my home business?
  • Does car insurance cover theft of personal property?
  • Why do I need rental car insurance?
  • What is the difference between comprehensive and collision coverage?
  • What happens if I owe more than my 2010 Honda Accord is worth?

If you’re not sure about those questions, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance companies in your area. It’s fast, free and may give you better protection.

Is there truth in advertising?

Consumers can’t escape the ads that claim the best car insurance rates from companies such as Allstate and Progressive. All the ads advertise claims about savings just by switching your insurance coverage coverage to their company.

That’s great but how can every company charge less that you’re paying now? You have to listen carefully.

Companies have an ideal profile for the type of driver that will not have excessive claims. One example of a preferred risk should be married and over the age of 30, has other policies, and the vehicle is rated for pleasure use. Someone who meets those qualifications will probably get cheap prices and will cut their rates if they switch.

Drivers who do not match those standards will be charged higher premium rates which results in the driver buying from a lower-cost company. The trick is to say “people who switch” not “all people who quote” save the amount stated. That’s the way insurance companies can confidently make it sound like they have such great prices. This illustrates why you should get as many free auto insurance quotes as possible. It’s not possible to predict which company will have the best premium rates for your profile.

Auto insurance coverages 101

Knowing the specifics of auto insurance aids in choosing the best 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 available from auto insurance companies.

Comprehensive auto coverage – This coverage will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like damage from a tornado or hurricane, a tree branch falling on your vehicle, fire damage, hitting a bird and a broken windshield. The highest amount your auto insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as rehabilitation expenses, funeral costs, surgery and pain medications. They are often utilized in addition to your health insurance plan or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family as well as damage to your Honda Accord.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Liability – Liability insurance protects you from damage or injury you incur to people or other property in an accident. This coverage protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 100/300/100 that means you have $100,000 bodily injury coverage, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability coverage pays for things like repair costs for stationary objects, repair bills for other people’s vehicles, medical services and court costs. How much liability should you purchase? That is up to you, but you should buy as large an amount as possible.

Collision – This coverage covers damage to your Accord caused by collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims like driving through your garage door, crashing into a building, crashing into a ditch, colliding with a tree and scraping a guard rail. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also raise the deductible in order to get cheaper collision rates.

Quote often and quote early

When shopping online for car insurance, it’s not a good idea to reduce needed coverages to save money. There have been many cases where drivers have reduced full coverage and learned later that their decision to reduce coverage ended up costing them more. Your focus should be to find the BEST coverage at a price you can afford.

Lower-priced car insurance is definitely available online and with local insurance agents, so you need to quote auto insurance with both so you have a total pricing picture. A few companies may not offer online rate quotes and these smaller providers sell through independent insurance agents.

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