Compare Honda Accord Insurance Quotes in Laredo

It’s easy to assume that car insurance companies don’t want you to look for cheaper rates. People who shop around for cheaper rates are likely to switch auto insurance companies because there is a high probability of finding more affordable rates. A recent survey discovered that consumers who regularly shopped around saved about $860 a year compared to drivers who never compared prices.

If saving the most money on auto insurance is your objective, knowing how to find companies and compare insurance premiums can save time, money, and frustration.

The preferred way to find better pricing on Honda Accord insurance in Laredo is to compare quotes once a year from different companies who provide car insurance in Texas. You can compare rates by following these steps.

Step 1: Read and learn about how insurance companies determine prices and the things you can control to prevent expensive coverage. Many risk factors that cause rate increases like accidents, careless driving, and an imperfect credit score can be eliminated by improving your driving habits or financial responsibility.

Step 2: Obtain price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can provide rates from one company like Progressive or Allstate, while independent agents can provide prices from multiple insurance companies. View insurance agents

Step 3: Compare the new rates to your existing rates to determine if you can save on Accord insurance. If you find a lower rate quote and make a switch, make sure there is no lapse in coverage.

One tip to remember is to compare similar limits and deductibles on each quote and and to get quotes from every company you can. Doing this enables a fair price comparison and the best price quote selection.

Finding quotes for the most affordable protection in Laredo is easy to do. Practically every person who needs lower cost car insurance most likely will find a lower-cost policy. Nevertheless, Texas vehicle owners do need to understand the methods companies use to price online insurance and use it to your advantage.

Honda Accord insurance analysis

The table below showcases estimates of policy rates for Honda Accord models. Being able to understand how auto insurance premiums are calculated is important to be able to make smart choices when buying a policy.

Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Prices do not factor in specific zip code location which can lower or raise prices greatly.

Choosing deductibles

One of the hardest decisions when shopping for car insurance is which deductibles should you choose. The rates below can help you understand the rate difference between low and high physical damage deductibles. The first set of rates uses a $250 physical damage deductible and the second set of prices uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Premium amounts do not factor in garaging location in Laredo which can raise or lower rates considerably.

Based on these figures, using a $250 deductible could cost the average driver approximately $15 more each month or $180 annually across all Honda Accord models than opting for the higher $500 deductible. Since the policyholder would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to have at least 17 months between claim filings, you would save more money going with the higher deductible. Here is how you can decide this on your own policy.

The illustration below demonstrates how deductible levels and can affect Honda Accord insurance prices for each age group. The prices are based on a married female driver, comp and collision included, and no discounts are applied to the premium.

Comparison of car insurance rates by gender and age

The example below shows the comparison of Honda Accord car insurance rates for male and female drivers. The rates are based on no accidents, no driving violations, full physical damage coverage, $1,000 deductibles, single status, and no policy discounts are applied.

Honda Accord liability rates compared to full coverage

The example below shows the comparison of Honda Accord insurance premiums with full coverage and liability only. The data is based on no tickets, no at-fault accidents, $100 deductibles, drivers are single, and no policy discounts are applied.

Should you buy full coverage or liability only?

There is no written rule of when to phase out physical damage insurance, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

For example, let’s pretend your Honda Accord claim settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $4,000 after the deductible is paid. If premiums are more than $400 a year for comprehensive and collision coverage, then it could be time to drop full coverage.

There are a few cases where dropping full coverage is not in your best interest. If you haven’t paid off your loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not buy liability only.

Get cheaper Honda Accord insurance rates in Laredo

Companies don’t always publicize the complete list of policy discounts very well, so the below list has a few of the more well known and the harder-to-find discounts that you may qualify for.

• Membership in Organizations – Affiliation with qualifying clubs or civic groups may earn a discount on car insurance.
• Drivers Ed for Students – Cut your cost by having your teen driver take driver’s ed class in high school.
• Multi-car Discount – Buying insurance for more than one vehicle on the same car insurance policy may reduce the rate for each vehicle.
• ABS and Traction Control Discounts – Vehicles with ABS braking systems or traction control can stop better under adverse conditions and therefore earn up to a 10% discount.
• Passive Restraints – Vehicles with factory air bags may earn rate discounts as much as 30%.
• Anti-theft System – Anti-theft and alarm system equipped vehicles have a lower chance of being stolen and that can save you a little bit as well.
• Drive Less and Save – Fewer annual miles on your Honda can earn lower rates on the low mileage vehicles.
• Defensive Driver – Completing a course that instructs on driving safety is a good idea and can lower rates and make you a better driver.
• Active Military Service – Having a deployed family member could trigger a small discount.

Discounts save money, but please remember that most of the big mark downs will not be given to the whole policy. Some only apply to specific coverage prices like physical damage coverage or medical payments. So despite the fact that it appears you would end up receiving a 100% discount, it doesn’t quite work that way.

The example below illustrates the difference between Honda Accord premium costs with and without some available policy discounts. The price estimates are based on a female driver, no claims or violations, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, marriage, homeowner, safe-driver, and multi-policy discounts applied.

A few of the larger companies and a summarized list of policyholder discounts can be found below.

• GEICO offers premium reductions for defensive driver, membership and employees, multi-vehicle, daytime running lights, and air bags.
• SAFECO offers discounts including safe driver, teen safe driver, teen safety rewards, homeowner, anti-theft, and multi-car.
• State Farm policyholders can earn discounts including Steer Clear safe driver discount, good student, safe vehicle, student away at school, Drive Safe & Save, and defensive driving training.
• MetLife has discounts for good driver, claim-free, accident-free, good student, and defensive driver.
• 21st Century may include discounts for anti-lock brakes, teen driver, theft prevention, 55 and older, early bird, and good student.
• Progressive offers discounts for multi-policy, online quote discount, continuous coverage, good student, multi-vehicle, homeowner, and online signing.

When getting free Laredo car insurance quotes, it’s a good idea to all companies you are considering which discounts can lower your rates. Some discounts might not be offered in Laredo. To view providers offering car insurance discounts in Laredo, click here to view.

Insurance coverage options for a Honda Accord

Learning about specific coverages of a insurance policy can help you determine which coverages you need at the best deductibles and correct limits. Insurance terms can be difficult to understand and reading a policy is terribly boring. Shown next are the normal coverages offered by insurance companies.

Medical expense coverage

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as funeral costs, pain medications, EMT expenses and ambulance fees. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers you and your occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many Texas drivers only purchase the least amount of liability that is required (30/60/25 in Texas), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently these coverages are identical to your policy’s liability coverage.

Auto collision coverage

This covers damage to your Accord from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as crashing into a ditch, colliding with another moving vehicle and crashing into a building. Collision is rather expensive coverage, so consider dropping it from older vehicles. It’s also possible to bump up the deductible on your Accord to get cheaper collision coverage.

Auto liability

This protects you from damages or injuries you inflict on other people or property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 30/60/25 which means $30,000 in coverage for each person’s injuries, a limit of $60,000 in injury protection per accident, and property damage coverage for $25,000. Some companies may use a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability can pay for things like attorney fees, repair bills for other people’s vehicles, medical services, medical expenses and emergency aid. How much liability coverage do you need? That is up to you, but consider buying as much as you can afford. Texas state minimum liability requirements are 30/60/25 but drivers should carry higher limits.

The chart below demonstrates why low liability limits may not be high enough to cover claims.

Comprehensive protection

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like hitting a deer, theft, rock chips in glass and hitting a bird. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Don’t give up on affordable rates

In this article, we presented a lot of tips how to find lower-cost Honda Accord insurance in Laredo. The key concept to understand is the more times you quote, the better likelihood of getting low cost Laredo car insurance quotes. Drivers may even discover the lowest priced car insurance comes from a small mutual company. These smaller insurers often have lower rates on specific markets than their larger competitors like Allstate, GEICO and Progressive.

Some car insurance companies may not have online rate quotes and most of the time these smaller providers provide coverage only through independent agents. Cheaper car insurance in Laredo can be found online and with local Laredo insurance agents, and you should compare rates from both so you have a total pricing picture.

Additional car insurance information can be found at the links below

• Red Light Cameras (State Farm)
• Who Has Affordable Auto Insurance Quotes for a Jeep Wrangler in Laredo? (FAQ)
• Who Has Cheap Laredo Car Insurance for Good Drivers? (FAQ)
• How Much are Laredo Auto Insurance Rates for a Ford F-150? (FAQ)
• What Car Insurance is Cheapest for Retired Military in Laredo? (FAQ)
• What is the Cheapest Car Insurance in Laredo, Texas? (FAQ)
• Who Has the Cheapest Auto Insurance for a Toyota Corolla in Laredo? (FAQ)
• Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
• Auto Insurance FAQ (Farmers Insurance)
• Preventing Carjacking and Theft (Insurance Information Institute)
• Young Drivers: The High Risk Years Video (iihs.org)