Affordable Honda Accord Insurance in Boston

How long has it been since you sat down and looked for low-cost Honda Accord insurance in Boston? Finding low cost coverage rates on Honda Accord insurance in Boston can seem to be frustrating for drivers who have little experience buying insurance online. With dozens of insurers to choose from, it can turn into a challenge to locate the lowest price in Massachusetts.

Steps to buying low-cost Honda Accord insurance in Boston

Really, the only way to get discount auto insurance rates is to begin comparing prices regularly from companies in Boston.

• Step 1: Take a few minutes and learn about how auto insurance works and the changes you can make to prevent high rates. Many rating factors that result in higher rates such as traffic violations, accidents, and a lousy credit rating can be remedied by making minor driving habit or lifestyle changes. This article gives tips to help prevent expensive coverage and get additional discounts that may be available.
• Step 2: Get rate quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from one company like Progressive or Farmers Insurance, while independent agents can provide prices for many different companies.
• Step 3: Compare the quotes to the price on your current policy and determine if cheaper Accord coverage is available. If you find a lower rate and buy the policy, ensure coverage does not lapse between policies.
• Step 4: Provide proper notification to your current company of your decision to cancel your existing policy. Submit the signed application along with the required initial payment for your new coverage. As soon as you can, keep the new certificate of insurance with your registration paperwork.

A crucial key to this process is to make sure you enter the same level of coverage on each quote and and to get rate quotes from as many companies as feasibly possible. This enables an apples-to-apples comparison and a good representation of prices.

It’s a fact that auto insurance companies don’t want their customers to go rate shopping. Insureds who shop for lower prices are inclined to move their business because the odds are good of finding a lower-priced company. A study discovered that people who faithfully checked for cheaper rates saved $3,500 over four years compared to drivers who never compared other company’s rates.

If finding budget-friendly Honda Accord insurance in Boston is your ultimate objective, then knowing how to find and compare coverages can make the process more efficient.

You should make it a habit to check car insurance prices every six months because insurance prices trend upward over time. Just because you found the best rates on Honda Accord insurance in Boston a few years ago other companies may now be cheaper. Forget all the misinformation about car insurance because it’s time to teach you the fastest and easiest way to remove unneeded coverages and save money.

Buying affordable car insurance in Boston is not that difficult as long as you know where to start. If you are paying for car insurance now, you stand a good chance to be able to get lower rates using the ideas covered in this article. Although Massachusetts car owners must know the way companies calculate your policy premium and use it to find better rates.

Rates and data analysis

The table below highlights estimates of prices for Honda Accord models. Being more informed about how rates are figured can help customers make smart choices when purchasing an auto insurance policy.

Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Massachusetts minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Rates do not factor in specific zip code location which can revise price quotes significantly.

Policy deductible comparison

The hardest decision when buying coverage is where should you set your physical damage deductibles. The comparisons below approximate how much more you’ll pay between low and high physical damage deductibles. The first set of rates uses a $250 deductible for comp and collision 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 Massachusetts minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Estimates do not factor in garaging location in Boston which can influence insurance rates substantially.

Using the premium rates above, we can conclude that using a $250 deductible would cost the average driver about $13 more each month or $156 every year across all Honda Accord models than quoting the higher $500 deductible. Due to the fact that you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to go more than 19 months between claim filings, you would probably save some money by going with a higher deductible.

The information below shows how different deductible levels and can affect Honda Accord insurance premiums for different age groups. The data is based on a married female driver, full physical damage coverage, and no discounts are applied.

Full coverage versus liability-only in Boston

The information below shows the difference between Honda Accord car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes no claims or violations, $100 deductibles, marital status is single, and no discounts are taken into consideration.

Deciding between full coverage and liability only

There is no clear-cut rule of when to eliminate physical damage insurance, but there is a general guideline you can use. If the yearly cost of full coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your Honda Accord replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company will settle for is $3,000 after the deductible is paid. If you are paying more than $300 a year for full coverage, then you might consider buying liability only.

There are a few cases where dropping full coverage is not a good idea. If you still have a lienholder on your title, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not drop full coverage.

Choices You Make Can Impact Your Insurance Rates

A large part of saving on insurance is knowing a few of the rating criteria that go into determining the rates you pay for insurance. If you understand what impacts premium levels, this allows you to make educated decisions that could help you find much lower annual insurance costs. Many different elements are considered when you get a price on insurance. Some are obvious such as your driving history, but some are more transparent such as your marital status or how financially stable you are.

• Liability claims can be big – Your insurance policy’s liability coverage will protect you if ever a court rules you are at fault for damages caused by your negligence. This coverage provides you with a defense in court which can cost thousands of dollars. This coverage is very inexpensive compared to physical damage coverage, so drivers should carry high limits.
• High comp and collision deductibles save money – The deductibles you choose represent how much money you are required to spend out-of-pocket if you file a covered claim. Protection for physical damage, also called comprehensive and collision insurance, is used to repair damage to your car. Some coverage claims would be collision with another vehicle, collision with a deer, and damage caused by road hazards. The more damage repair cost you choose to pay out-of-pocket, the less money you will pay for insurance.
• Credit rating impacts premium costs – Your credit score is a large factor in calculating your premium rate. Therefore, if your credit score could use some work, you could potentially save money when insuring your Honda Accord by taking the time to improve your credit score. Drivers who have very good credit scores tend to be more responsible than drivers with poor credit scores.

• Youthful drivers cost more – Teen drivers in Massachusetts are statistically proven to be less responsible in a vehicle so they pay higher insurance rates. Older insureds tend to be more responsible, tend to cause fewer accidents, and are generally more financially stable.

  The following chart uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.

• Do safer cars cost less to insure? – Cars with high safety ratings get lower rates. The safest vehicles have better occupant injury protection and any reduction in injury severity translates into savings for insurance companies and thus lower rates. If the Honda Accord has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
• Your job and insurance rates – Careers such as real estate brokers, social workers, and medical professionals generally have higher rates than the rest of us because of intense work-related stress and extremely grueling work hours. Conversely, careers like professors, historians and homemakers have lower than average premiums.
• Rural vs Urban Areas – Living in small towns and rural areas has it’s advantages when talking about insurance. Residents of big cities tend to have more aggressive driving styles and longer commutes to work. Fewer people corresponds to lower accident rates and also fewer theft and vandalism claims.
• Only buy what you need – Insurance companies have many extra bells and whistles that you can get tricked into buying but may not be useful. Things like rental car reimbursement, high-cost glass coverage, and motor club memberships are some examples. These may sound like a good investment at first, but if you have no use for them think about removing them and cutting costs.

• Honda Accord claim data – Car insurance companies study historical loss data to determine a price that will be profitable for them. Vehicles that historically have increased losses will be charged more to insure. The information below illustrates the historical insurance loss data for Honda Accord vehicles.

  For each coverage category, the claim amount for all vehicles, regardless of manufacturer or model, is considered to be 100. Values under 100 are indicative of better than average losses, while numbers above 100 indicate more frequent claims or an increased chance of a larger loss.

  
  

  Insurance Loss Ratings for Honda Accord Vehicles

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Honda Accord	91	85	90	122	117	94
  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

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Affordable insurance rates are out there

Throughout this article, we presented some good ideas how you can save on Honda Accord insurance in Boston. It’s most important to understand that the more you quote Boston auto insurance, the better your comparison will be. You may even be surprised to find that the most savings is with a small mutual company.

As you restructure your insurance plan, make sure you don’t reduce needed coverages to save money. There are too many instances where drivers have reduced liability coverage limits to discover at claim time that the small savings ended up costing them much more. The goal is to get the best coverage possible for the lowest price and still be able to protect your assets.

Lower-priced insurance in Boston can be sourced both online and from local insurance agents, so you need to quote Boston auto insurance with both in order to have the best chance of saving money. A few companies may not offer price quotes online and these regional carriers only sell coverage through independent agencies.

How to buy lower priced Honda Accord insurance in Boston

The best way to save money on car insurance rates is to compare prices regularly from insurers in Boston.

First, learn about policy coverages and the things you can change to keep rates down. Many factors that result in higher rates like speeding tickets, careless driving and an imperfect credit rating can be controlled by making small lifestyle or driving habit changes.

Second, get rate quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like Progressive or Farmers Insurance, while agents who are independent can provide prices for many different companies. View prices

Third, compare the quotes to the price on your current policy to determine if switching companies saves money. If you can save money and buy the policy, make sure there is no lapse in coverage.

Fourth, tell your current company of your intent to cancel the current policy. Submit payment and a signed application to the newly selected company. Immediately upon receiving it, place the new certificate of insurance with your vehicle’s registration.

A good tip to remember is that you use similar deductibles and liability limits on every price quote and and to get rate quotes from as many companies as you can. Doing this enables a fair price comparison and maximum price selection.

Helpful resources

• Distracted Driving Statistics (Insurance Information Institute)
• How Much are Car Insurance Rates for Electric Cars in Boston? (FAQ)
• What Auto Insurance is Cheapest for Teachers in Boston? (FAQ)
• Bodily Injury Coverage (Liberty Mutual)
• Side Impact Crash Tests (iihs.org)
• Top Signs Your Brakes are Giving Out (State Farm)
• Driving in Bad Weather (Insurance Information Institute)