2007 Honda Accord Car Insurance Quotes – 8 Tips for Cheaper Rates

Did you fall for a flashy sales pitch and buy an underperforming, overpriced car insurance policy? Trust us, there are many consumers feeling the pinch from expensive car insurance. There are many auto insurance companies to insure vehicles with, and though it is a good thing to have a choice, having more insurers makes it harder to compare rates.

How to Compare Insurance Coverage

There are multiple methods to compare 2007 Honda Accord insurance coverage quotes, but some are less labor-intensive and much quicker. You can waste hours talking about coverages with local insurance agents in your area, or you can utilize the internet to get prices fast.

Many companies participate in a marketplace where insurance shoppers enter their policy data once, and every company can give them a price based on the submitted data. This eliminates the need for form submissions to each individual insurance coverage company. To get comparison pricing now click here to start a free quote.

The one disadvantage to getting quotes like this is that you can’t choose which companies you want pricing from. So if you want to choose individual companies to compare rates, we put together a list of low cost insurance coverage companies in your area. View list of insurance companies.

It’s up to you how you get prices quotes, just compare exactly the same coverages and limits for each price quote. If you use different limits and deductibles on each one it will be next to impossible to truly determine the lowest rate.

Lower rates by qualifying for these eight discounts

Companies don’t always publicize all available discounts in a way that’s easy to find, so the following is a list of some of the best known and the more hidden ways to save on insurance. If you aren’t receiving every discount you qualify for, you are throwing money away.

  • Discount for Life Insurance – Larger companies have a break if you buy auto and life insurance together.
  • Accident Free – Good drivers with no accidents pay less as compared to drivers who are more careless.
  • Fewer Miles Equal More Savings – Keeping the miles down on your Honda can earn discounted rates on garaged vehicles.
  • Good Students Pay Less – A discount for being a good student can be rewarded with saving of up to 25%. The good student discount can last until age 25.
  • Club Memberships – Belonging to a qualifying organization may earn a discount when shopping for insurance for Accord insurance.
  • Employee of Federal Government – Employees or retirees of the government can earn a discount up to 10% for Accord insurance with a few insurance companies.
  • Accident Waiver – Certain companies permit an accident before your rates go up if your claims history is clear for a set time period.
  • Pay Upfront and Save – By paying your policy upfront rather than paying monthly you could save up to 5%.

Consumers should know that some of the credits will not apply to all coverage premiums. The majority will only reduce specific coverage prices like comprehensive or collision. Just because it seems like you would end up receiving a 100% discount, insurance companies aren’t that generous.

For a list of insurance companies offering insurance discounts, click this link.

Car insurance is unique, just like you

When it comes to choosing the right insurance coverage for your personal vehicles, there really is not a cookie cutter policy. Everyone’s situation is unique and your policy should reflect that. For example, these questions can help discover if your insurance needs might need professional guidance.

  • Does coverage extend to a rental car in a foreign country?
  • Am I covered when pulling a rental trailer?
  • Is a blown tire covered by insurance?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • When would I need additional glass coverage?
  • Exactly who is provided coverage by my policy?
  • What is high-risk coverage and where do I buy it?

If you can’t answer these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.

Insurance coverage basics

Having a good grasp of a insurance policy can help you determine the right coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Listed below are typical coverage types available from insurance companies.

Liability

Liability coverage protects you from injuries or damage you cause to other people or property in an accident. It protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 100/300/100 which means a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against claims such as repair costs for stationary objects, attorney fees and funeral expenses. How much liability coverage do you need? That is up to you, but you should buy as large an amount as possible.

Comprehensive insurance

This covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like damage from flooding, vandalism, theft, hail damage and hitting a deer. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Coverage for medical expenses

Med pay and PIP coverage pay for short-term medical expenses such as doctor visits, ambulance fees, dental work and funeral costs. They are used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision coverage

Collision coverage pays for damage to your Accord resulting from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like colliding with a tree, rolling your car, hitting a parking meter, backing into a parked car and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Coverage for uninsured or underinsured drivers

This coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your 2007 Honda Accord.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

In the end, you save

You just learned some good ideas how to get a better price on 2007 Honda Accord insurance. The key concept to understand is the more you quote, the better chance you’ll have of finding lower rates. Drivers may discover the lowest premiums are with the least-expected company. They can often provide lower rates in certain areas than the large multi-state companies such as Allstate, GEICO and Progressive.

As you shop your coverage around, you should never skimp on critical coverages to save a buck or two. There are too many instances where an accident victim reduced full coverage and learned later that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to find the BEST coverage at the best price, not the least amount of coverage.

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