View 2006 Honda Accord Insurance Cost

Looking for better car insurance rates for your Honda Accord? Having to pay for overpriced Honda Accord insurance can drain your savings account and put a big crunch on your finances. Doing a price comparison is a smart way to lower your monthly bill. Consumers have many insurance companies to pick from, and though it is a good thing to have multiple companies, it can be more difficult to find the best rates for your vehicles.

Lesser-known factors impacting Honda Accord insurance rates

Smart consumers have a good feel for the rating factors that play a part in calculating the rates you pay for insurance coverage. Knowing what influences your rates helps enable you to make changes that can help you get lower insurance coverage prices.

  • Do you need the policy add-ons? – There are many additional coverages that you can buy on your Accord policy. Coverages for roadside assistance, towing coverage and additional equipment coverage are some examples. These may sound like a good investment when talking to your agent, but now you might not need them so eliminate them to save money.
  • Having a spouse can save you money – Having a spouse can actually save you money on insurance coverage. Having a significant other means you’re more mature than a single person and statistics show being married results in fewer claims.
  • Better credit means lower rates – Your credit score is a large factor in determining your rates. People with high credit scores tend to be more responsible than those with lower ratings. So if your credit history is low, you could pay less to insure your 2006 Honda Accord by repairing your credit.
  • An active claims history can cost you – If you frequently file small claims, you can pretty much guarantee higher rates. Companies provide discounts to insureds who are claim-free. Insurance coverage is meant to be used in the event of the large, substantial claims.
  • Men are more aggressive – Statistics demonstrate women tend to be less risk to insure than men. However, don’t assume that men are WORSE drivers than women. Men and women are in accidents in similar percentages, but the men cause more damage and cost insurance companies more money. Men also statistically get more serious tickets such as DWI and reckless driving.
  • Your occupation can affect rates – Jobs such as judges, business owners and accountants tend to have higher rates than average in part from stressful work requirements and lengthy work days. On the flip side, professions such as actors, athletes and the unemployed receive lower rates on Accord coverage.
  • Car features impact rates – Choosing a vehicle with an alarm system can help bring down rates. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart your car from being stolen.

Pay less for Honda Accord insurance

Insuring your vehicles can cost a lot, but companies offer discounts that can drop the cost substantially. A few discounts will automatically apply when you complete an application, but some must be specially asked for before being credited. If you aren’t receiving every discount possible, you’re paying more than you need to.

  • Federal Employees – Simply working for the federal government may qualify you for a discount on Accord coverage with a few auto insurance companies.
  • Senior Discount – If you’re over the age of 55, you can possibly qualify for better auto insurance rates on Accord coverage.
  • One Accident Forgiven – Certain companies will forgive one accident without raising rates so long as you haven’t had any claims for a certain period of time.
  • Student Driver Training – Cut your cost by having your teen driver enroll in driver’s education in high school.
  • Early Switch Discount – A few companies offer discounts for buying a policy prior to your current policy expiration. It’s a savings of about 10%.
  • Accident Free – Drivers who don’t have accidents pay much less compared to drivers who are more careless.

It’s important to note that most discount credits are not given the the whole policy. Some only reduce the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears you can get free auto insurance, companies wouldn’t make money that way. Any qualifying discounts will bring down the cost of coverage.

Car insurance companies that possibly offer these discounts include:

It’s a good idea to ask all companies you are considering which discounts you may be entitled to. Some discounts might not apply everywhere.

Don’t listen to company ads

Consumers get pounded daily by advertisements for the lowest price auto insurance from companies such as 21st Century, Allstate and State Farm. All the companies make an identical promise about savings if you move your policy.

How can each company make almost identical claims? It’s all in the numbers.

All the different companies are able to cherry pick for the driver that earns them a profit. A good example of a driver they prefer could be between 25 and 40, owns a home, and has a high credit rating. A customer that hits that “sweet spot” will get very good rates and therefore will save a lot of money.

Consumers who don’t meet these standards will be charged a more expensive rate which leads to the customer not buying. The ads state “drivers who switch” not “people who quote” save that kind of money. That is how insurance companies can advertise the way they do.

That is why you need to get quotes from several different companies. You cannot predict the company that will provide you with the cheapest Honda Accord insurance rates.

Tailor your coverage to you

When choosing coverage for your vehicles, there really is no “perfect” insurance plan. Each situation is unique and your policy should reflect that. These are some specific questions might point out if your insurance needs would benefit from professional advice.

  • Does my insurance cover my expensive audio equipment?
  • When can I cancel my policy?
  • What is an SR-22 filing?
  • Do I pay less if my vehicle is kept in my garage?
  • Where can I find high-risk insurance?
  • Do I benefit by insuring my home with the same company?
  • Is my nanny covered when driving my vehicle?

If you’re not sure about those questions, you might consider talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area. It only takes a few minutes and may give you better protection.

Specifics of your auto insurance policy

Knowing the specifics of auto insurance can help you determine the right coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverages offered by auto insurance companies.

Coverage for liability

This coverage can cover damages or injuries you inflict on other people or property. It protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Alternatively, you may have a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for things such as bail bonds, medical expenses, attorney fees, court costs and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but consider buying as high a limit as you can afford.

Comprehensive insurance

Comprehensive insurance covers damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like hail damage, damage from a tornado or hurricane, hitting a deer and hitting a bird. The maximum amount your auto insurance company will pay is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Honda Accord.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally the UM/UIM limits are similar to your liability insurance amounts.

Collision coverage protection

This coverage pays for damage to your Accord resulting from a collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as sideswiping another vehicle, colliding with another moving vehicle, scraping a guard rail, hitting a parking meter and crashing into a ditch. This coverage can be expensive, so consider dropping it from vehicles that are older. Another option is to choose a higher deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for immediate expenses for things like EMT expenses, dental work and funeral costs. They can be used to fill the gap from your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not universally available and may carry a deductible

Be a money saver!

The cheapest 2006 Honda Accord insurance is possible both online and with local insurance agents, and you should be comparing both in order to have the best chance of saving money. Some car insurance companies do not offer you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.

As you go through the steps to switch your coverage, you should never buy lower coverage limits just to save a few bucks. There have been many situations where drivers have reduced uninsured motorist or liability limits and learned later that the savings was not a smart move. Your goal should be to buy enough coverage at an affordable rate while still protecting your assets.

More detailed car insurance information can be read at these sites: