Truthfully, the best way to quote cheaper Honda Accord insurance in Sacramento is to start doing an annual price comparison from insurers that sell auto insurance in California.
- Take a little time to learn about what is in your policy and the modifications you can make to keep rates low. Many factors that cause rate increases like getting speeding tickets and your credit history can be amended by making minor changes to your lifestyle. Later in this article we will cover ideas to get affordable coverage and find possible discounts that are available.
- Compare rates from direct, independent, and exclusive agents. Exclusive and direct companies can give quotes from one company like GEICO or Allstate, while independent agents can provide rate quotes from multiple sources.
- Compare the new quotes to your existing policy to determine if you can save on Accord insurance in Sacramento. If you find a lower rate quote, make sure there is no coverage gap between policies.
- Provide proper notification to your current company of your intent to cancel your existing policy and submit a completed application and payment to the new company. Once coverage is bound, safely store the proof of insurance paperwork in an accessible location in your vehicle.
A good tip to remember is to use the same coverage limits and deductibles on every quote request and and to analyze every company you can. Doing this helps ensure the most accurate price comparison and the most accurate and complete price analysis.
Unimaginable but true, about 70% of customers kept their policy with the same company for at least four years, and approximately 38% of consumers have never compared auto insurance rates at all. With the average auto insurance premium being $1,400, California drivers could save themselves $500 a year by just shopping around, but they don’t know the actual amount they would save if they switched to a more affordable policy.
Shopping around for the cheapest coverage in Sacramento is not as hard as you think. Just about every driver who wants cheaper car insurance will more than likely be able to save money. But California vehicle owners must comprehend the methods companies use to calculate your policy premium because rates fluctuate considerably.
Smart Consumers Know How to Find Car Insurance More Affordably
Part of the car insurance buying process is learning a few of the rating criteria that are used to determine the price you pay for car insurance. If you have a feel for what influences your rates, this allows you to make educated decisions that could result in better car insurance rates.
The itemized list below are a few of the things used by companies to determine your rate level.
Deter vehicle theft – Selecting a car model with advanced anti-theft systems can help lower your rates. Theft deterrent systems such as OnStar, LoJack tracking, and tamper alarms all hinder auto theft and help lower rates.
Performance influences insurance prices – The performance level of the vehicle you need to insure makes a huge difference in determining your rates. Small economy passenger vehicles normally have pretty low rates, but that’s not the only thing that factors into the final price.
The following chart is based on a single female driver age 30, full coverage with $250 deductibles, and no discounts or violations. The chart compares Honda Accord insurance rates compared to other vehicles that have a range of performance risks.
Do safer cars cost less to insure? – Vehicles with good safety scores cost less to insure. Vehicles built for safety result in less severe injuries and lower rates of occupant injuries translates directly to fewer claims which can mean better rates for you. If your Honda Accord earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may pay a lower rate.
Maintain car insurance coverage – Driving your car without having proper coverage is against the law and any future policy may cost more because you let your insurance expire. And not only will insurance be more expensive, not being able to provide proof of insurance may earn you a fine, jail time, or a revoked license. You will then be forced to provide proof of insurance in the form of an SR-22 filing with the California DMV.
Claims cost money – Companies in California generally give the best rates to policyholders who are claim-free. If you file a lot of claims you can definitely plan on either policy cancellation or increased premiums. Your car insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
Honda Accord claim statistics – Car insurance companies take into consideration insurance loss statistics for every vehicle to calculate a rate that will offset losses. Models that are shown to have increased claim numbers or amounts will have a higher premium rate. The table shown below demonstrates the historical loss data for Honda Accord vehicles.
For each insurance policy coverage type, the statistical loss for all vehicles averaged together is represented as 100. Values that are below 100 mean the vehicle has better than average losses, while values that are above 100 point to more losses or a tendency for claims to be larger.
| Vehicle Make and 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 |
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Analysis of coverages
The rate information shown next covers different prices for Honda Accord models. Understanding how prices are determined can aid in making decisions when shopping around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accord LX 4-Dr Sedan | $340 | $472 | $492 | $30 | $148 | $1,482 | $124 |
| Accord LX 4-Dr Sedan | $340 | $472 | $492 | $30 | $148 | $1,482 | $124 |
| Accord EX 4-Dr Sedan | $340 | $472 | $492 | $30 | $148 | $1,482 | $124 |
| Accord LX-P 4-Dr Sedan | $340 | $472 | $492 | $30 | $148 | $1,482 | $124 |
| Accord LX-P 4-Dr Sedan | $340 | $472 | $492 | $30 | $148 | $1,482 | $124 |
| Accord EX-L 4-Dr Sedan | $390 | $576 | $492 | $30 | $148 | $1,636 | $136 |
| Accord EX 2-Dr Coupe | $390 | $678 | $654 | $38 | $196 | $1,956 | $163 |
| Accord LX-S 2-Dr Coupe | $390 | $678 | $654 | $38 | $196 | $1,956 | $163 |
| Accord EX-L 2-Dr Coupe | $440 | $678 | $654 | $38 | $196 | $2,006 | $167 |
| Get Your Own Custom Quote Go | |||||||
Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Rate quotes do not factor in vehicle garaging location which can affect premium rates considerably.
Raise deductibles and save
When comparing insurance rates, the most common question is how high or low should comp and collision deductibles be. The figures shown below outline the price difference when you select higher and lower insurance deductibles. The first rate comparisons uses a $250 deductible for physical damage and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accord LX 4-Dr Sedan | $298 | $472 | $376 | $22 | $112 | $1,305 | $109 |
| Accord LX 4-Dr Sedan | $298 | $472 | $376 | $22 | $112 | $1,305 | $109 |
| Accord EX 4-Dr Sedan | $298 | $472 | $376 | $22 | $112 | $1,305 | $109 |
| Accord LX-P 4-Dr Sedan | $298 | $472 | $376 | $22 | $112 | $1,305 | $109 |
| Accord LX-P 4-Dr Sedan | $298 | $472 | $376 | $22 | $112 | $1,305 | $109 |
| Accord EX-L 4-Dr Sedan | $342 | $576 | $376 | $22 | $112 | $1,453 | $121 |
| Accord EX 2-Dr Coupe | $342 | $678 | $500 | $30 | $150 | $1,725 | $144 |
| Accord LX-S 2-Dr Coupe | $342 | $678 | $500 | $30 | $150 | $1,725 | $144 |
| Accord EX-L 2-Dr Coupe | $386 | $678 | $500 | $30 | $150 | $1,769 | $147 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accord LX 4-Dr Sedan | $184 | $298 | $376 | $22 | $112 | $992 | $83 |
| Accord LX 4-Dr Sedan | $184 | $298 | $376 | $22 | $112 | $992 | $83 |
| Accord EX 4-Dr Sedan | $184 | $298 | $376 | $22 | $112 | $992 | $83 |
| Accord LX-P 4-Dr Sedan | $184 | $298 | $376 | $22 | $112 | $992 | $83 |
| Accord LX-P 4-Dr Sedan | $184 | $298 | $376 | $22 | $112 | $992 | $83 |
| Accord EX-L 4-Dr Sedan | $210 | $362 | $376 | $22 | $112 | $1,082 | $90 |
| Accord EX 2-Dr Coupe | $210 | $426 | $500 | $30 | $150 | $1,316 | $110 |
| Accord LX-S 2-Dr Coupe | $210 | $426 | $500 | $30 | $150 | $1,316 | $110 |
| Accord EX-L 2-Dr Coupe | $238 | $426 | $500 | $30 | $150 | $1,344 | $112 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Premium amounts do not factor in your specific Sacramento location which can increase or decrease insurance rates significantly.
We can derive from the above data that using a $250 deductible costs roughly $29 more each month or $348 annually averaged for all Accord models than buying the higher $1,000 deductible. Because you would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have more than 26 months between claims, you would come out ahead if you decide on a higher deductible. The numbers below show the way this calculation is made.
| Average monthly premium for $250 deductibles: | $122 |
| Average monthly premium for $1,000 deductibles (subtract): | – $93 |
| Monthly savings from raising deductible: | $29 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $29 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 26 months |
One important note is that higher deductibles means you will have to pay more at claim time. That will require some available funds in order to pay the higher deductible in order to repair your vehicle.
Get discounts on Sacramento auto insurance
Insuring your fleet can be pricey, but there may be some discounts that may help make it more affordable. A few discounts will automatically apply when you complete an application, but occasionally some discounts must be specially asked for in order for you to get them. If you check and find you aren’t receiving every discount you deserve, you are paying more than you should be.
- New Car Discount – Buying auto insurance coverage on a new vehicle may earn a small discount because newer vehicles have to meet stringent safety requirements.
- Early Switch Discount – A few insurance companies allow discounts for buying a policy before your current coverage expires. You could save around 10% when you buy Sacramento car insurance online.
- Telematics Discount – People who choose to allow data collection to scrutinize vehicle usage by using a small device installed in their vehicle like In-Drive from State Farm and Progressive’s Snapshot might get better premium rates if they show good driving skills.
- Seat Belt Usage – Using a seat belt and requiring all passengers to use a seat belt could save 15% off the medical payments premium.
- Anti-lock Brakes – Cars and trucks with ABS and/or traction control are much safer to drive and therefore earn up to a 10% discount.
It’s important to note that most discounts do not apply to your bottom line cost. Some only apply to specific coverage prices like collision or personal injury protection. Despite the appearance that you would end up receiving a 100% discount, it doesn’t quite work that way.
The chart below shows the difference between Honda Accord premium costs with and without discounts applied to the policy rates. The information is based on a male driver, no violations or claims, California state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, multi-car, safe-driver, claim-free, and homeowner discounts applied.
To find insurance companies with the best Honda Accord insurance discounts in Sacramento in California, click this link.
Be persistent and save
We’ve covered many ideas to find lower-cost Honda Accord insurance in Sacramento. The most important thing to understand is the more times you quote, the better chance you’ll have of finding the cheapest Honda Accord rate quotes. Consumers may even find the best prices are with a company that doesn’t do a lot of advertising. Regional companies may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm or Progressive.
When searching for affordable Honda Accord insurance quotes, never reduce needed coverages to save money. In many instances, an accident victim reduced uninsured motorist or liability limits to discover at claim time that they should have had better coverage. Your aim should be to buy a smart amount of coverage for the lowest cost, but do not sacrifice coverage to save money.
For more information, feel free to browse the resources below:
- Understanding Limits and Deductibles (Allstate)
- What Insurance is Cheapest for a Ford Fusion in Sacramento? (FAQ)
- What Car Insurance is Cheapest for a Toyota Highlander in Sacramento? (FAQ)
- What Insurance is Cheapest with Multiple Speeding Tickets in Sacramento? (FAQ)
- How Much are Sacramento Auto Insurance Rates for a Jeep Grand Cherokee? (FAQ)
- What Auto Insurance is Cheapest for Drivers with a Bad Driving Record in Sacramento? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Postal Workers in Sacramento? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for a Company Car in Sacramento? (FAQ)
- Alcohol Impaired Driving FAQ (iihs.org)
- How to Avoid Buying a Flooded Car (Insurance Information Institute)
- State Laws for Cellphones and Texting (iihs.org)