How Much Does 2014 Honda Accord Insurance Cost?

Searching for better car insurance rates for your Honda Accord? Locating lower-cost car insurance online may seem to be challenging for vehicle owners who are new to comparison shopping over the internet. With so many insurance agents and online companies, how are we expected to even start to compare every company in order to find the cheapest rates?

Compare car insurance rates

To find low cost insurance quotes, there are several ways to get quotes from lots of car insurance companies. The best method to find cheaper 2014 Honda Accord rates consists of obtaining rate quotes online. This is quite simple and can be completed in a couple of different ways.

  1. The easiest and least time consuming way to get the best comparison quotes is an all-inclusive rate comparison click here to open form in new window. This quick form saves time by eliminating separate quotation requests for every car insurance company. In just a few minutes this one form gets you price quotes direct from many companies. This is by far the quickest method.
  2. A more difficult way to shop for car insurance online requires visiting the website for every company you want to comare and fill out their own quote form. For instance, we’ll assume you want to compare Liberty Mutual, Farmers and Allstate. To do that, you would have to spend time going to each site individually and type in your information over and over, which is why the first method is more popular. For a handy list of car insurance company links in your area, click here.
  3. Even if you have time, the least recommended way to find cheaper rates is physically going to local insurance agencies. Comparing rates online has reduced the need for local agents unless your situation requires the professional abilities that only an agent can give. Some companies do allow you to price shop online and get advice from an agent in your area.

It doesn’t matter which method you choose, just ensure you’re using identical coverage information for every quote you compare. If the quotes have different limits and deductibles on each one it will be impossible to determine the lowest rate for your Honda Accord. Just a small difference in limits may cause a big price difference. It’s important to know that comparing more rates from different companies increases your odds of finding a better price.

Take advantage of every car insurance discount

Some insurance providers do not list the complete list of policy discounts in a way that’s easy to find, so below is a list both the well known and the more hidden discounts that may be available.

  • Full Payment Discount – If paying your policy premium upfront instead of paying each month you can actually save on your bill.
  • Discounts for Seat Belt Usage – Drivers who require all occupants to buckle their seat belts could save 15% off the medical payments premium.
  • Driver Safety – Taking time to complete a driver safety class is a good idea and can lower rates and easily pay for the cost of the class.
  • Senior Citizen Rates – If you qualify as a senior citizen, you can get better car insurance rates on Accord insurance.
  • Discounts for Federal Employees – Active or retired federal employment could qualify for a slight premium decrease on Accord insurance with certain companies.
  • Telematics Discount – Policyholders that allow driving data submission to analyze vehicle usage by using a telematic data system like In-Drive from State Farm and Progressive’s Snapshot could save a few bucks if they have good driving habits.
  • Theft Deterent Discount – Vehicles equipped with anti-theft or alarm systems are stolen with less frequency and therefore earn up to a 10% discount.

As a footnote on discounts, some of the credits will not apply to all coverage premiums. Some only apply to specific coverage prices like liability, collision or medical payments. So when the math indicates you could get a free car insurance policy, you won’t be that lucky.

The best car insurance companies and their possible discounts are:

  • American Family offers discounts for TimeAway discount, multi-vehicle, good student, defensive driver, bundled insurance, good driver, and air bags.
  • Nationwide includes discounts for business or organization, Farm Bureau membership, accident-free, family plan, defensive driving, and good student.
  • MetLife may include discounts for multi-policy, good student, good driver, accident-free, defensive driver, claim-free
  • 21st Century may offer discounts for defensive driver, teen driver, good student, homeowners, and air bags.
  • Farmers Insurance has discounts for switch companies, alternative fuel, good student, multi-car, bundle discounts, teen driver, and distant student.
  • Allstate offers discounts including passive restraint, defensive driver, new car, multi-policy, and economy car.

If you need cheap insurance quotes, ask each insurance company which discounts they offer. Some discounts may not be available in your state. To see a list of companies who offer cheap car insurance quotes, follow this link.

How to know if you need help

When it comes to choosing proper insurance coverage for your personal vehicles, there really is not a “best” method to buy coverage. Everyone’s situation is unique.

For example, these questions may help you determine whether you would benefit from an agent’s advice.

  • Should I have combined single limit or split liability limits?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Do I really need UM/UIM coverage?
  • How can I force my company to pay a claim?
  • Is my babysitter covered when using my vehicle?
  • Do I need medical payments coverage since I have good health insurance?
  • Why does it cost so much to insure a teen driver?
  • Do I benefit by insuring my home with the same company?
  • What is the ISO rating for a 2014 Honda Accord?

If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to an agent. To find an agent in your area, complete this form.

Car insurance coverages explained

Learning about specific coverages of car insurance aids in choosing the right coverages and proper limits and deductibles. Policy terminology can be confusing and coverage can change by endorsement.

Collision coverage

Collision coverage will pay to fix damage to your Accord from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims like scraping a guard rail, damaging your car on a curb, crashing into a ditch and hitting a parking meter. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.

Liability auto insurance

Liability coverage will cover damage or injury you incur to other’s property or people by causing an accident. This coverage protects you against claims from other people. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for claims such as repair costs for stationary objects, bail bonds and attorney fees. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your Honda Accord.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like ambulance fees, dental work, EMT expenses, surgery and funeral costs. They are utilized in addition to your health insurance plan or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Comprehensive coverage

Comprehensive insurance pays for damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like hitting a deer, damage from a tornado or hurricane, damage from flooding, damage from getting keyed and theft. The highest amount your car insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

A fool and his money are soon parted

Cost effective 2014 Honda Accord insurance can be found both online in addition to local insurance agencies, and you should compare rates from both to get a complete price analysis. There are still a few companies who may not offer rates over the internet and these regional carriers provide coverage only through independent agencies.

As you go through the steps to switch your coverage, do not buy poor coverage just to save money. There are too many instances where an accident victim reduced physical damage coverage only to find out that a couple dollars of savings turned into a financial nightmare. The aim is to buy enough coverage at the best possible price, not the least amount of coverage.

Insureds switch companies for any number of reasons including high rates after DUI convictions, lack of trust in their agent, high prices and even unfair underwriting practices. Whatever your reason, finding a great new company is pretty easy and you might even save some money in the process.

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