Compare 1998 Honda Accord Car Insurance Quotes

Trying to find cheaper insurance for a Honda Accord can turn out to be difficult, but you can learn the following methods to find lower rates.

There are more efficient ways to compare insurance coverage rates and you need to know the quickest way to quote coverages on a Honda and obtain the lowest possible price from both online companies and local agents.

Why you might be paying too much to insure your Honda Accord

Consumers need to have an understanding of the factors that help determine the price you pay for insurance. Having a good understanding of what determines base rates enables informed choices that can help you get big savings.

  • Lower deductibles cost more – Physical damage deductibles define the amount you are required to spend before a claim is paid by your company. Physical damage coverage, termed comprehensive and collision coverage on your policy, protects your car from damage. Some instances where coverage would apply are running into the backend of another car, damage caused by hail, and windstorm damage. The more money you are required to pay out-of-pocket, the less your company will charge you for insurance for Accord coverage.
  • Don’t let your coverage lapse – Driving with no insurance can get your license suspended and as a result your rates will increase for letting your insurance lapse. And not only will insurance be more expensive, but not being able to provide proof of insurance will get you a revoked license or a big fine.
  • Do you need those extra coverages? – There are quite a few additional coverages that can waste your money on your Accord policy. Coverages for rental car reimbursement, accident forgiveness and additional equipment coverage may be costing you every month. These coverages may sound good when talking to your agent, but now you might not need them so eliminate them to save money.
  • Where do you drive? – The higher the mileage driven each year the more you will pay for insurance. The majority of insurers rate vehicles based on how the vehicle is used. Vehicles left parked in the garage receive lower rates as compared to vehicles used primarily for driving to work. Having the wrong rating on your Accord may be costing you. Make sure your insurance declarations sheet is rated on the correct usage for each vehicle, because improper ratings can cost you money.
  • Tickets mean higher rates – Even one citation can boost insurance rates by twenty percent. Careful drivers have lower premiums compared to drivers with tickets. If you have flagrant violations like reckless driving, hit and run or driving under the influence may find they need to file a proof of financial responsibility form (SR-22) with their state DMV in order to keep their license.

Free Insurance Quotes

Effectively comparing insurance prices can be challenging if you don’t know the most efficient way to do it. You can spend countless hours discussing policy coverages with insurance agencies in your area, or you can stay home and use online quoting to quickly compare rates.

Many companies enroll in a system where insurance shoppers only type in their quote data once, and each company can provide price quotes for coverage. This prevents consumers from doing quote requests for each company you want a rate for. To participate in this free quote system, click here to start a free quote.

The only drawback to getting quotes like this is buyers cannot specifically choose which carriers you will receive quotes from. If you prefer to choose specific providers to compare prices, we put together a list of low cost insurance companies in your area. Click here for list of insurance companies.

It’s up to you how you get prices quotes, just ensure you’re using the exact same coverage limits and deductibles on every quote you get. If the quotes have different values for each quote you will not be able to determine the lowest rate for your Honda Accord.

Drivers who switch save $466 a year? Really?

Consumers get pounded daily by advertisements for the lowest price auto insurance from the likes of State Farm, Geico and Progressive. All the ads make an identical promise of big savings if you switch your coverage to them.

How does each company claim to save you money?

All companies can use profiling for the type of driver that is profitable for them. A good example of a preferred risk could possibly be between 30 and 50, has no driving citations, and has a short commute. A driver that hits that “sweet spot” will qualify for the lowest rates and most likely will pay quite a bit less when switching companies.

Potential insureds who don’t qualify for the requirements will be charged higher prices and this can result in the driver buying from a lower-cost company. Company advertisements say “customers who switch” not “everybody who quotes” save that much. That’s why insurance companies can confidently advertise the savings.

That is why you should get as many quotes as possible. It’s impossible to know which insurance companies will have the lowest Honda Accord insurance rates.

Pay less by taking advantage of discounts

The cost of insuring your cars can be expensive, but companies offer discounts that you may not know about. Some trigger automatically when you complete an application, but lesser-known reductions have to be specially asked for in order for you to get them. If they aren’t giving you every credit you qualify for, you’re just leaving money on the table.

  • Life Insurance Discount – Larger companies have lower rates if you buy life insurance from them.
  • Safety Course Discount – Completing a driver safety course could possibly earn you a 5% discount if you qualify.
  • No Claims – Drivers who don’t have accidents can save substantially when compared with drivers who are more careless.
  • Drive Safe and Save – Safe drivers can get discounts for up to 45% lower rates for Accord coverage than drivers with accident claims.
  • Passive Restraints and Air Bags – Vehicles with factory air bags and/or automatic seat belt systems may earn rate discounts up to 30%.
  • Organization Discounts – Being a member of certain professional organizations is a good way to get lower rates when buying car insurance for Accord coverage.

Keep in mind that some of the credits will not apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as liability and collision coverage. So even though it sounds like having all the discounts means you get insurance for free, car insurance companies aren’t that generous. But any discount will reduce the amount you have to pay.

Insurance companies who might offer these benefits include:

Double check with each insurance company which discounts they offer. Discounts might not apply everywhere.

Your coverage should be tailored to you

When it comes to choosing adequate coverage, there really is no best way to insure your cars. Everyone’s needs are different.

For instance, these questions can help discover if you may require specific advice.

  • How much underlying liability do I need for an umbrella policy?
  • When can I cancel my policy?
  • Are my friends covered when driving my 1998 Honda Accord?
  • Is business property covered if stolen from my car?
  • Should I get collision insurance on every vehicle?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Does my liability insurance cover pulling a trailer or camper?
  • Can I make deliveries for my home business?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you don’t have a local agent, take a second and complete this form. It’s fast, free and can help protect your family.

Insurance coverage basics

Knowing the specifics of your policy can be of help when determining the right coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses such as doctor visits, ambulance fees, funeral costs and nursing services. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. It covers all vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not universally available and may carry a deductible

Comprehensive insurance – This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, theft, falling objects, hail damage and hitting a bird. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability coverage – This provides protection from injuries or damage you cause to other people or property in an accident. It protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for claims such as attorney fees, repair bills for other people’s vehicles and court costs. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.

Coverage for uninsured or underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your 1998 Honda Accord.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Collision – This coverage covers damage to your Accord resulting from a collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims such as sideswiping another vehicle, colliding with a tree, crashing into a building, crashing into a ditch and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. You can also bump up the deductible to bring the cost down.

One last thing about your coverage

Drivers change insurance companies for any number of reasons including policy cancellation, delays in responding to claim requests, not issuing a premium refund or an unsatisfactory settlement offer. Whatever your reason, choosing a new company can be pretty painless.

We’ve covered a lot of techniques to lower your 1998 Honda Accord insurance rates. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding lower rates. Drivers may discover the lowest rates come from some of the lesser-known companies.

When trying to cut insurance costs, do not buy less coverage just to save a little money. Too many times, drivers have reduced uninsured motorist or liability limits and discovered at claim time they didn’t have enough coverage. Your strategy should be to buy a smart amount of coverage at an affordable rate.

Much more information about insurance coverage is located at the links below