2012 Honda Accord Car Insurance Rates – 9 Policy Discounts

Searching for the cheapest auto insurance rates for your Honda Accord? Finding low cost premium rates for auto insurance can be hard for beginners to quoting and comparing prices online. With literally dozens of insurers to choose from, it can turn into a big hassle to locate the lowest premium rates.

Buying more affordable protection is easy if you know what you’re doing. Just about everyone who buys insurance most likely will be able to lower their premiums. Although vehicle owners can benefit from knowing how insurance companies determine prices and use this information to your advantage.

Car insurance companies offer many discounts

Buying car insurance is not cheap, but discounts can save money and there are some available that many consumers don’t even know exist. Certain discounts will be applied when you purchase, but less common discounts must be asked about in order for you to get them.

• Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a discount if you purchase auto and life insurance together.
• Good Grades Discount – Maintaining excellent grades can save 20 to 25%. You can use this discount normally well after school through age 25.
• Discounts for Safe Drivers – Drivers who avoid accidents may save up to 50% more for Accord insurance as compared to drivers with claims.
• Policy Bundle Discount – When you combine your homeowners and auto insurance with one insurance company you could save up to 20% and get you low cost car insurance.
• Anti-lock Brakes – Vehicles with anti-lock braking systems have fewer accidents and earn discounts up to 10%.
• Homeowners Savings – Owning a house can get you a discount because of the fact that having a home is proof that your finances are in order.
• Low Mileage Discounts – Fewer annual miles on your Honda can qualify you for lower premium rates due to less chance of an accident.
• Early Renewal Discounts – Select companies give a discount for signing up prior to your current policy expiring. This can save 10% or more.
• Waiver for an Accident – This one is not really a discount per se, but companies like Geico, Progressive, and Allstate may permit one accident without raising rates if you have no claims before the accident.

One last thing about discounts, most discount credits are not given the the whole policy. Most only reduce the cost of specific coverages such as collision or personal injury protection. Even though it appears all the discounts add up to a free policy, insurance companies wouldn’t stay in business. Any qualifying discounts will definitely reduce the cost of your policy.

To see a list of insurers who offer discounts, click here.

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Ways to get insurance quotes

Effectively comparing insurance prices can be a lot of work if you don’t understand the most efficient way. You can waste a few hours (or days) discussing policy coverages with insurance agencies in your area, or you can utilize online quoting for quick rates.

Many companies participate in an industry program where insurance shoppers submit one quote, and each company returns a competitive quote determined by their information. This prevents consumers from doing quote requests to each company.

To find out how much you can save on insurance click here to start a free quote.

The only downside to comparing rates this way is you cannot specify the companies you want pricing from. If you prefer to choose specific insurance companies to compare, we have a page of companies who write insurance in your area. Click here for list of insurance companies.

Whichever way you use, be sure you’re using equivalent coverages for each comparison quote. If each company quotes different liability limits it will be nearly impossible to determine which company has the best rates. Slightly different insurance coverages or limits may result in a large different in cost. Just remember that more quotes increases your odds of finding more affordable rates.

Do I just need basic coverages?

When it comes to choosing coverage, there isn’t really a single plan that fits everyone. Everyone’s needs are different.

For instance, these questions might help in determining if your situation will benefit from professional help.

• Should I bundle my homeowners policy with my auto?
• Does my liability insurance cover pulling a trailer or camper?
• Can I drive in Mexico and have coverage?
• Are my friends covered when driving my car?
• Is my 2012 Honda Accord covered for smoke damage?
• Is my business laptop covered if it gets stolen from my vehicle?
• Is business equipment covered while in my vehicle?
• Should I waive the damage coverage when renting a car?
• Do I need to file an SR-22 for a DUI in my state?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to an agent. If you want to speak to an agent in your area, take a second and complete this form.

The coverage is in the details

Knowing the specifics of insurance can be of help when determining which coverages you need for your vehicles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording.

Liability coverage – This coverage provides protection from injuries or damage you cause to a person or their property that is your fault. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Another option is a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like repair costs for stationary objects, legal defense fees, funeral expenses, bail bonds and attorney fees. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as much as you can afford.

Collision – This will pay to fix damage to your Accord caused by collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like sideswiping another vehicle, damaging your car on a curb, crashing into a ditch and backing into a parked car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible to bring the cost down.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for things like rehabilitation expenses, hospital visits, dental work and pain medications. They are used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Coverage applies to both the driver and occupants as well as any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

Comprehensive or Other Than Collision – Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as rock chips in glass, hail damage and fire damage. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

UM/UIM Coverage – This coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Honda Accord.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Take this to the bank

When buying insurance coverage, it’s not a good idea to skimp on critical coverages to save a buck or two. In many cases, consumers will sacrifice full coverage to discover at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal should be to purchase a proper amount of coverage at a price you can afford, not the least amount of coverage.

We just covered many ideas to compare 2012 Honda Accord insurance rates online. It’s most important to understand that the more you quote car insurance, the more likely it is that you will get a better rate. You may even find the lowest rates come from a small local company.

Cheaper 2012 Honda Accord insurance can be bought on the web in addition to local insurance agencies, and you should be comparing both so you have a total pricing picture. Some insurance companies do not provide online price quotes and many times these small, regional companies only sell through independent agencies.

To read more, feel free to browse the following helpful articles:

• Auto Insurance for Teen Drivers (Insurance Information Insitute)
• Who Has Cheap Auto Insurance for a Honda Accord in Lincoln? (LincolnAutoGuard.com)
• Where can I buy Insurance? (Insurance Information Insitute)
• Safety Features for Your New Car (State Farm)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Insitute)
• How to Avoid Buying a Flooded Car (Insurance Information Insitute)
• All About Airbag Safety (State Farm)

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