How Much Does 2017 Honda Accord Hybrid Car Insurance Cost?

Trying to find better insurance coverage rates for your Honda Accord Hybrid? Being forced to pay for expensive insurance coverage premiums can draw down your savings and force you to tighten up your finances. Performing a price comparison is free and is an excellent way to tighten up your finances.

There are many insurers to buy insurance from, and although it’s a good thing to be able to choose, too many choices makes it more difficult to find the lowest rates.

It’s a great practice to compare prices before your next renewal because insurance coverage prices fluctuate regularly. Just because you found the best deal for Accord Hybrid coverage six months ago you can probably find a lower rate today. Forget anything you know (or think you know) about insurance coverage because you’re about to learn the fastest way to find the best coverage while lowering your premiums.

Discount insurance quotes

Companies don’t list all possible discounts very clearly, so the list below contains a few of the more common as well as the least known credits available to you.

  • Anti-theft Discount – Anti-theft and alarm system equipped vehicles help deter theft and will save you 10% or more.
  • Policy Bundle Discount – When you combine your homeowners and auto insurance with the same insurance company you could earn a discount of at least 10 to 15 percent or more.
  • Discount for Life Insurance – Larger insurance carriers have better prices if you take out some life insurance in addition to your auto policy.
  • ABS Brakes – Vehicles that have steering control and anti-lock brakes can avoid accidents and therefore earn up to a 10% discount.
  • Driver’s Education for Students – Reduce the cost of insurance for teen drivers by having them enroll and complete driver’s education as it can save substantially.
  • Air Bag Discount – Vehicles equipped with air bags may qualify for discounts of 20% or more.
  • First Accident Forgiveness – Not necessarily a discount, but some insurance companies will turn a blind eye to one accident before they charge you more for coverage so long as you haven’t had any claims for a particular time prior to the accident.
  • Government Employee Discount – Being employed by or retired from a federal job may reduce rates when you quote insurance for Accord Hybrid coverage with some insurance companies.

Discounts reduce rates, but you should keep in mind that some of the credits will not apply to all coverage premiums. Some only apply to the cost of specific coverages such as comprehensive or collision. So even though they make it sound like it’s possible to get free car insurance, companies don’t profit that way.

Some companies that have some of the above discounts possibly include:

Check with every prospective company which discounts you may be entitled to. Depending on the company, some discounts may not apply to policies everywhere. To see insurance companies with the best insurance discounts, follow this link.

How to shop car insurance online

When comparison shopping, there are several ways to compare rate quotes from many car insurance companies in your state. The best way to find competitive 2017 Honda Accord Hybrid insurance rates is to get quotes online. This can be accomplished in a couple of different ways.

  • Experts agree that the best way consumers can analyze rates is an all-inclusive rate comparison click to view form in new window. This form prevents you from having to do separate forms for each company. One form submission gets insurance cost estimates from multiple low-cost companies.
  • A more difficult way to compare prices is going to the website for every company you want to comare and fill out a new quote form. For example, we’ll assume you want to compare rates from Auto-Owners, Geico and Progressive. You would need to take the time to go to each site and repeatedly enter your information, which is why most consumers use the first method. For a list of links to insurance companies in your area, click here.
  • The most difficult way to compare rates is making phone calls or going to local insurance agencies. Comparing rates online eliminates this option unless you want the advice and guidance that you can only get from talking to an agent. It is possible to comparison shop your insurance online but buy the policy through an agent.

It’s up to you how you get prices quotes, just make sure you use equivalent coverages for each comparison quote. If your comparisons have higher or lower deductibles it will be nearly impossible to get a fair rate comparison. Having just a slight variation in insurance coverages could skew the results. It’s important to know that comparing more quotes will improve the odds of getting the best rates. Some companies don’t provide quotes online, so you need to compare prices from those companies as well.

Get cheaper insurance costs by understanding these factors

Lots of things are used when pricing auto insurance. Most are fairly basic such as your driving record, but others are less apparent such as whether you are married or how financially stable you are.An important part of buying insurance is that you know the rating factors that help calculate the rates you pay for insurance coverage. If you understand what influences your rates, this enables you to make decisions that may reward you with lower rates.

Listed below are some of the things used by companies to determine your prices.

  • Your car’s features help determine insurance coverage rates – Owning a car with advanced anti-theft systems can help lower your premiums. Theft deterrent systems like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping your car from being stolen.
  • Raise your coverage deductibles for better prices – The deductibles define the amount you are required to pay if a covered claim is submitted. Physical damage protection, also called comprehensive and collision insurance, covers damage that occurs to your car. Some examples of covered claims are collision with another vehicle, damage caused by hail, and damage from wind. The more money you pay before a claim is paid (deductible), the lower your rates will be for Accord Hybrid coverage.
  • Annual mileage and car insurance premiums – The more you drive in a year the more you will pay for insurance coverage. The majority of insurers calculate prices based upon how the vehicle is primarily used. Vehicles that do not get driven very much can get a lower rate than those that get driven frequently. Incorrect rating for your Accord Hybrid can cost quite a bit. Double check that your insurance coverage policy reflects how each vehicle is driven, because improper ratings can cost you money.
  • Experienced drivers are lower risk – Inexperience drivers have been known to be easily distracted behind the wheel therefore insurance coverage rates are much higher. More mature drivers have been proven to be more responsible, tend to file fewer claims and are safer drivers.
  • Use one insurance company and save – Many insurance coverage companies will award a discount to insureds who consolidate policies with them, otherwise known as a multi-policy discount. Discounts can amount to five, ten or even twenty percent. Even if you qualify for this discount already, you still need to compare other company rates to make sure you are getting the best deal.
  • Certain vocations pay higher insurance coverage rates – Jobs like lawyers, social workers and dentists generally have higher average rates in part from intense work situations and long work hours. On the flip side, occupations like scientists, athletes and retirees pay the least for Accord Hybrid coverage.
  • If you don’t need it don’t buy it – There are many add-on coverages that can add up if you aren’t diligent. Coverages like replacement cost coverage, high-cost glass coverage, and additional equipment coverage are probably not needed. You may think they are a good idea when you first buy your policy, but if you’ve never needed them in the past eliminate them to save money.
  • Improve your credit score – Having a good credit history is likely to be a major factor in calculating your insurance coverage rates. If your credit score is not that good, you could be paying less to insure your 2017 Honda Accord Hybrid if you improve your credit rating. People that have good credit tend to be more responsible than drivers with worse credit.

Tailor your insurance coverage coverage to you

When it comes to buying the right insurance coverage, there really is no one size fits all plan. Each situation is unique so your insurance should reflect that For instance, these questions may help highlight whether your personal situation would benefit from professional advice.

  • Do I get a pro-rated refund if I cancel my policy early?
  • Should I waive the damage coverage when renting a car?
  • Do I have coverage for damage caused while driving under the influence?
  • Can I get a multi-policy discount?
  • What are the financial responsibility laws in my state?
  • How high should my uninsured/underinsured coverage be in my state?

If you’re not sure about those questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.

Don’t listen to company ads

Insurance coverage providers like Allstate and Progressive consistently run television, radio, and online ads. All the ads state the claim about saving some big amount just by moving your coverage. That’s great but how can every company give you a lower rate? Just pay attention to how they say it.

All the different companies require specific criteria for a prospective insured they prefer to insure. For instance, a profitable customer might be between the ages of 30 and 45, owns a home, and the vehicle is rated for pleasure use. A driver who matches that profile will get the preferred premium rates and will probably save money with a new company.

Drivers who don’t meet those standards will be quoted higher premium rates and this results in the customer buying from a different company. If you listen to the ad wording, they say “people who switch” not “everyone that quotes” save that much. This is how insurance companies can confidently make the claims of big savings.

Each company has different criteria, so you need to get price quotes at each policy renewal. You cannot predict which insurance companies will give you the biggest savings.

The coverage is in the details

Understanding the coverages of your policy can help you determine the best coverages and proper limits and deductibles. Auto insurance terms can be ambiguous and nobody wants to actually read their policy. Listed below are typical coverages offered by auto insurance companies.

Liability coverages

Liability coverage will cover injuries or damage you cause to a person or their property by causing an accident. It protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 50/100/50 which means a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage protects against things like pain and suffering, medical services, medical expenses, legal defense fees and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses such as dental work, ambulance fees and X-ray expenses. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP is not available in all states and may carry a deductible

Comprehensive coverages

This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like rock chips in glass, a tree branch falling on your vehicle, damage from flooding and vandalism. The maximum payout your auto insurance company will pay is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for collisions

Collision coverage will pay to fix damage to your Accord Hybrid caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims like colliding with another moving vehicle, driving through your garage door and scraping a guard rail. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Another option is to bump up the deductible to save money on collision insurance.

Uninsured and underinsured coverage

This coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Normally these coverages are identical to your policy’s liability coverage.

Keep this in mind

In this article, we presented a lot of ways to compare 2017 Honda Accord Hybrid insurance rates online. The most important thing to understand is the more you quote insurance, the better your chances of lowering your car insurance rates. Consumers may even find the most savings is with a lesser-known regional company. These companies may cover specific market segments cheaper as compared to the big name companies such as State Farm, Geico and Nationwide.

When you buy insurance online, never buy lower coverage limits just to save a few bucks. There are too many instances where an accident victim reduced uninsured motorist or liability limits only to find out that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to purchase a proper amount of coverage at the best price and still be able to protect your assets.

Even more information is available by following these links: