Want to save money and find lower-priced Honda Accord insurance in Dallas? No normal person anticipates paying for insurance, especially when they are paying too much.
Remarkably, a study showed that nearly 70% of customers kept their coverage with the same insurance company for more than four years, and approximately 40% of consumers have never compared quotes from other companies. Consumers in Texas could cut their rates by $1,770 a year just by getting comparison quotes, but they don't believe the actual amount they would save if they switched to a more affordable policy. You have so many insurers to insure vehicles with, and although it's a good thing to have a choice, lots of choices makes it harder to compare rates and cut insurance costs.
You should make it a habit to get comparison quotes quite often since insurance prices tend to go up over time. Even if you think you had the lowest price on Honda Accord insurance in Dallas six months ago other companies may now be cheaper. Ignore everything you know about insurance because you're about to find out the only way to find better coverage on Honda Accord insurance in Dallas at a better price.
Choosing the best rates in Dallas can be made easier if you know where to look. If you have coverage now or need a new policy, use these cost-cutting techniques to get lower rates and still get good coverage. Vehicle owners just have to know the quickest way to compare company rates from many different companies online.
Eight Things That Impact Your Insurance Premiums
One of the most helpful ways to save on car insurance is to to have a grasp of the different types of things that come into play when calculating the level of your policy premiums. If you have a feel for what controls the rates you pay, this enables you to make decisions that could help you find better car insurance rates.
Big cities mean more claims - Living in areas with lower population has it's advantages if you are looking for the lowest rates. People in densely populated areas have congested traffic and longer commutes to work. Lower population translates into fewer accidents.
How do annual miles impact prices? - The more you drive each year the more you will pay for car insurance. A lot of insurance companies price each vehicle's coverage based on their usage. Vehicles that are left in the garage receive better premium rates as compared to vehicles used primarily for driving to work. A policy that improperly rates your Accord can result in significantly higher rates. It's a good idea to make sure your car insurance coverage correctly shows the correct usage.
High deductibles reduce premiums - Coverage for physical damage, aka comp and collision, protects your Honda from damage. Some coverage claims are collision with another vehicle, vandalism, and damage from a fallen tree branch. Comp and collision deductibles are the amount of money you are willing to pay if a claim is determined to be covered. The more of the claim the insured is willing to pay, the bigger discount you will receive.
Extra policy coverages can add up - There are a lot of add-on coverages you can purchase on your Accord policy. Coverages like roadside assistance, towing coverage, and term life insurance could be just wasting money. These may sound like a good investment when deciding what coverages you need, but now you might not need them so remove them and pocket the money.
Car insurance rates and your employer - Did you know your car insurance rates can be affected by your occupation? Jobs such as lawyers, business owners and medical professionals usually pay higher rates than the rest of us in part from intense work situations and long work days. Other professions such as scientists, historians and performers get better rates.
Premiums are high for teenagers - Inexperience drivers are statistically proven to get distracted easily behind the wheel and because of this, their car insurance rates are much higher. Older insureds are viewed as being more responsible, file fewer claims, and tend to be get fewer driving tickets.
Liability - Your policy's liability coverage is the protection if ever a court rules you are at fault for causing personal injury or damage in an accident. It will provide legal defense coverage which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so insureds should have plenty of protection for their assets.
Reduce car insurance rates by driving cars with good safety ratings - Vehicles with high crash test scores tend to have better insurance rates. Vehicles engineered for safety protect occupants better and fewer injuries translates into fewer and smaller insurance claims and cheaper rates on your policy. If your Honda scored at minimum an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.
Claims statistics for a Honda Accord - Insurance companies take into consideration historical loss data for every vehicle when setting premium prices. Models that are shown to have a trend towards higher claim severity or frequency will have increased rates.
The data below shows the historical insurance loss data for Honda Accord vehicles. For each type of coverage, the claim amount for all vehicles, regardless of manufacturer or model, is represented as 100. Percentages below 100 imply a favorable loss record, while values over 100 indicate higher probability of having a loss or a tendency for claims to be larger.
Honda Accord Insurance Claim Statistics
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Honda Accord Hybrid||96||80||98||89||76||84|
|Honda Accord Crosstour 4dr 2WD||85||97||83||122||113||94|
|Honda Accord Crosstour 4dr 4WD||99||102||94||120||93|
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Many insurance companies like 21st Century, Allstate and State Farm allow consumers to get coverage prices directly from their websites. Obtaining pricing for Honda Accord insurance in Dallas is fairly straightforward as you just type in your coverage information into a form. When the form is submitted, the quote system will obtain your driving record and credit report and provides a quote based on many factors. This makes it a lot easier to compare rates and it's necessary to compare as many rates as possible in order to get the cheapest price on auto insurance.
If you want to get comparison pricing now, consider comparing rates from the companies shown below. If you have coverage now, it's recommended you replicate deductibles and limits just like they are on your policy. This guarantees you will have comparison quotes based on identical coverages.
The auto insurance companies shown below can provide price quotes in Dallas, TX. If your goal is to find cheaper auto insurance in Texas, we recommend you compare several of them in order to find the most competitive rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$200||$372||$422||$24||$126||$1,144||$95|
|Accord LX 4-Dr Sedan||$252||$468||$392||$24||$118||$1,254||$105|
|Accord EX 4-Dr Sedan||$246||$460||$422||$24||$126||$1,278||$107|
|Accord LX-P 4-Dr Sedan||$154||$252||$330||$20||$98||$854||$71|
|Accord LX-P 4-Dr Sedan||$154||$252||$330||$20||$98||$854||$71|
|Accord EX-L 4-Dr Sedan||$142||$266||$310||$18||$94||$830||$69|
|Accord EX 2-Dr Coupe||$252||$580||$404||$24||$122||$1,382||$115|
|Accord LX-S 2-Dr Coupe||$326||$720||$582||$34||$174||$1,836||$153|
|Accord EX-L 2-Dr Coupe||$186||$338||$444||$26||$132||$1,126||$94|
|Get Your Own Custom Quote Go|
Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Table data does not factor in specific location which can increase or decrease coverage rates substantially.
Comparison of policy deductibles
The chart below illustrates how your choice of deductibles and can impact Honda Accord insurance rates for each different age category. The rate quotes are based on a married female driver, full physical damage coverage, and no discounts are taken into consideration.
Comparison of full coverage and liability-only policies
The illustration below shows the difference between Honda Accord auto insurance costs when comparing full coverage to liability only. The information is based on no claims or driving citations, $250 deductibles, single male driver, and no discounts are applied.
When to stop buying full coverage
There isn't a steadfast formula that works best for making the decision to drop physical damage insurance, but there is a guideline you can consider. If the annual cost of coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.
For example, let's assume your Honda Accord replacement cost is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $2,000 after the policy deductible has been paid. If you are currently paying more than $200 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.
There are some circumstances where only buying liability is not advised. If you still owe a portion of the original loan, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage in place.
Insurance savings promises
Consumers can't escape the ads that claim the lowest prices by 21st Century, Allstate and State Farm. All the ads seem to make the promise of big savings just by switching your policy.
How does every company give you a better price on Honda Accord insurance in Dallas? It's all in how they say it.
Most companies look for specific characteristics for the type of driver they prefer to insure. A good example of this type of risk profile should be between the ages of 40 and 55, has a clean driving record, and drives less than 5,000 miles a year. Any customer that matches those criteria will get a cheap rate quote in Dallas as well as save a lot on Dallas Honda Accord insurance if they switch.
Potential insureds who don't qualify for those standards will get higher premium rates and this can result in the customer not purchasing. The trick companies use is to say "people who switch" but not "all drivers who get quotes" save that much money. This is how companies can make claims that they all have the best rates. Each company has different criteria, so drivers must compare as many free Dallas auto insurance quotes as you can. Because you never know the company that will have the lowest Honda Accord insurance in Dallas.
Three reasons to insure your Accord
Despite the fact that car insurance is not cheap in Dallas, buying car insurance serves several important purposes.
First, almost all states have mandatory insurance requirements which means it is punishable by state law to not carry specific limits of liability coverage in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you took out a loan on your vehicle, it's most likely the lender will make it mandatory that you have insurance to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Honda at an extremely high rate and force you to reimburse them the higher price.
Third, car insurance preserves your Honda and your assets. It also can pay for hospital and medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage also pays for attorney fees and expenses if anyone sues you for causing an accident. If you have damage to your Honda as the result of the weather or an accident, collision and comprehensive coverages will pay to repair the damage minus the deductible amount.
The benefits of carrying adequate insurance more than offset the price you pay, especially if you ever need it. Despite what companies tell you, the average driver overpays more than $865 each year so shop around once a year at a minimum to make sure the price is not too high.
Lower-cost Dallas insurance rates with discounts
Some insurers don't always list the entire discount list in a way that's easy to find, so we took the time to find both the well known and the more hidden discounts you could be receiving when you buy Dallas auto insurance online.
- Passive Restraints and Air Bags - Factory options such as air bags and/or automatic seat belt systems may get savings as much as 30%.
- Seat Belt Discounts - Drivers who always wear seat belts and also require passengers to buckle up could save 15% off the medical payments premium.
- New Vehicle Savings - Insuring a vehicle that is new can save you some money since new model year vehicles are generally safer.
- Paper-free Discount - Some insurance companies provide a small discount for completing your application over the internet.
- Responsible Driver Discount - Insureds who avoid accidents could pay up to 40% less compared to rates paid by drivers with frequent claims.
- Mature Driver Discount - If you qualify as a senior citizen, you can possibly qualify for a small discount on rates.
You can save money using discounts, but most discounts do not apply to the entire policy premium. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. Just because you may think having all the discounts means you get insurance for free, you're out of luck.
If you would like to view insurance companies that offer many of these discounts in Dallas, click here.
Compare prices but still have a local Dallas insurance agent
Many people still like to get advice from a local agent and that can be a great decision Good agents can make sure you are properly covered and give you someone to call. One of the best bonuses of comparing rate quotes online is that you can obtain lower rates but also keep your business local.
For easy comparison, once you complete this short form, your insurance coverage information is emailed to local insurance agents in Dallas who will give you quotes for your business. You never need to contact any insurance agencies as quotes are delivered straight to your inbox. If you need to get a price quote from a specific auto insurance provider, don't hesitate to search and find their rate quote page and fill out their quote form.
Deciding on a provider requires more thought than just a cheap price quote. Below are some questions you should ask.
- Is auto insurance their primary focus in Dallas?
- Which companies do they recommend if they are an independent agency?
- Can you get a list of referrals?
- Do they get paid more for recommending certain coverages?
- Do the coverages you're quoting properly cover your vehicle?
After talking to the agent and getting satisfactory answers for all questions you ask and locked in a price quote, it's a good possibility that you have found a company that can be trusted to properly service your auto insurance policy. Just keep in mind you are able to terminate coverage whenever you wish so never assume you're contractually obligated to any specific company for the full policy term.
Cheaper insurance is a realistic goal
When you buy Dallas auto insurance online, it's not a good idea to buy less coverage just to save a little money. Too many times, an insured dropped collision coverage only to find out that the small savings ended up costing them much more. Your focus should be to find the BEST coverage at an affordable rate, not the least amount of coverage.
We've covered some good ideas how you can shop for Honda Accord insurance online. The key thing to remember is the more price quotes you have, the better your chances of lowering your premium rates. You may even discover the lowest car insurance rates come from the smaller companies. Smaller companies can often provide lower premium rates in certain areas as compared to the big name companies such as GEICO and State Farm.
More detailed insurance information is available at these sites:
- Should I Buy a New or Used Car? (Allstate)
- How Much are Car Insurance Rates for a Chevrolet Equinox in Texas? (FAQ)
- Auto Theft Statistics (Insurance Information Institute)
- How to Avoid Common Accidents (State Farm)