Save Money on Honda Accord Insurance in Orlando

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Discount Honda Accord insuranceThe easiest way to save money on car insurance rates in Orlando is to compare prices annually from companies in Florida. Rates can be compared by following these steps.

Step 1: Spend a few minutes and learn about individual coverages and the modifications you can make to drop your rates. Many policy risk factors that drive up the price such as inattentive driving and an unacceptable credit score can be improved by making minor changes in your lifestyle.

Step 2: Get rate quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from a single company like GEICO or Farmers Insurance, while independent agents can provide prices from many different companies.

Step 3: Compare the price quotes to your existing coverage to see if a cheaper rate is available in Orlando. If you find a lower rate, make sure there is no lapse between the expiration of your current policy and the new one.

Step 4: Give notification to your current company of your intent to cancel your current auto insurance policy and submit the application along with any required down payment for the new coverage. Once the paperwork is finalized, keep your new proof of insurance certificate in an easily accessible location in your vehicle.

A good tip to remember is that you'll want to make sure you compare the same amount of coverage on each quote and and to get price quotes from as many different insurance providers as possible. This enables the most accurate price comparison and maximum price selection.

Unfortunately, about 70% of customers have purchased from the same company for well over three years, and nearly 40% of drivers have never taken the time to shop around. Orlando drivers could save as much as 55% each year by just comparing quotes, but they don't invest the time required to go online and compare rates.

If you are already insured or just want cheaper rates, use these cost-cutting techniques to reduce the price you pay without sacrificing coverage. Locating the most cost-effective car insurance policy in Orlando is quite easy. Drivers just need to know the quickest way to compare insurance rates online.

The method we recommend to compare rates for Honda Accord insurance in Orlando is to know the fact all the major auto insurance companies allow for online access to quote your coverage. To get started, all you need to do is provide a little information like your occupation, the type of vehicles you drive, driver ages, and if it has an alarm system. Your information is submitted instantly to many different companies and they return quotes very quickly.

To find the cheapest Honda Accord insurance rates, click here and enter the information requested.

The companies in the list below can provide comparison quotes in Florida. If your goal is to find cheaper auto insurance in Orlando, we suggest you get prices from several of them in order to find the cheapest rates.

Three good reasons to insure your Accord

Despite the high cost of buying insurance for a Honda Accord in Orlando, buying auto insurance is mandatory in Florida but it also protects more than you think.

First, almost all states have minimum mandated liability insurance limits which means you are required to carry a minimum amount of liability if you drive a vehicle. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you took out a loan on your car, most lenders will stipulate that you carry insurance to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the lender may insure your Honda at a significantly higher premium and require you to reimburse them a much higher amount than you were paying before.

Third, auto insurance protects both your Honda and your assets. It will also cover hospital and medical expenses incurred in an accident. Liability coverage, the one required by state law, will also pay to defend you if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of insuring your car outweigh the cost, especially for larger claims. The average driver in America is overpaying over $700 annually so it's recommended you shop around at every policy renewal to help ensure money is not being wasted.

Statistics and details

The information displayed next highlights a range of insurance premium costs for Honda Accord models. Learning how car insurance premiums are formulated can help drivers make decisions on which insurance to purchase.

Honda Accord Insurance Rates in Orlando, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $276 $514 $430 $26 $128 $1,374 $115
Accord EX 4-Dr Sedan $276 $514 $430 $26 $128 $1,374 $115
Accord LX-P 4-Dr Sedan $276 $514 $430 $26 $128 $1,374 $115
Accord EX-L 4-Dr Sedan $316 $624 $430 $26 $128 $1,524 $127
Accord EX 2-Dr Coupe $316 $736 $570 $34 $170 $1,826 $152
Accord LX-S 2-Dr Coupe $316 $736 $570 $34 $170 $1,826 $152
Accord EX-L 2-Dr Coupe $356 $736 $570 $34 $170 $1,866 $156
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Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Table data does not factor in zip code location which can lower or raise price quotes noticeably.

Physical damage deductibles: Should you raise them?

One frequently asked question is how high should the physical damage deductibles be. The comparison tables below illustrate the differences in premium rates between low and high policy deductibles. The first rate estimation uses a $100 deductible for comp and collision and the second pricing table uses a $500 deductible.

Honda Accord insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $312 $532 $354 $20 $106 $1,349 $112
Accord EX 4-Dr Sedan $312 $532 $354 $20 $106 $1,349 $112
Accord LX-P 4-Dr Sedan $312 $532 $354 $20 $106 $1,349 $112
Accord EX-L 4-Dr Sedan $358 $648 $354 $20 $106 $1,511 $126
Accord EX 2-Dr Coupe $358 $764 $472 $28 $142 $1,789 $149
Accord LX-S 2-Dr Coupe $358 $764 $472 $28 $142 $1,789 $149
Accord EX-L 2-Dr Coupe $406 $764 $472 $28 $142 $1,837 $153
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Honda Accord insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $228 $360 $354 $20 $106 $1,068 $89
Accord EX 4-Dr Sedan $228 $360 $354 $20 $106 $1,068 $89
Accord LX-P 4-Dr Sedan $228 $360 $354 $20 $106 $1,068 $89
Accord EX-L 4-Dr Sedan $262 $438 $354 $20 $106 $1,180 $98
Accord EX 2-Dr Coupe $262 $516 $472 $28 $142 $1,420 $118
Accord LX-S 2-Dr Coupe $262 $516 $472 $28 $142 $1,420 $118
Accord EX-L 2-Dr Coupe $296 $516 $472 $28 $142 $1,454 $121
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Rate information does not factor in zip code location which can raise or lower premiums noticeably.

Based on the data above, we can derive that using a $100 deductible costs roughly $27 more each month or $324 every year than opting for the higher $500 deductible. Since the policyholder would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you go at a minimum 15 months between claim filings, you would probably save some money if you choose the higher deductible. The numbers below show a better example of how we made this calculation.

Average monthly premium for $100 deductibles: $130
Average monthly premium for $500 deductibles (subtract): - $103
Monthly savings from raising deductible: $27
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

How violations and accidents impact rates

The example below shows how traffic citations and at-fault claims can drive up Honda Accord premium costs for different ages of insureds. The data assumes a single male driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.

Does full coverage make sense?

The example below visualizes the comparison of Honda Accord insurance rates when comparing full coverage to liability only. The data assumes no claims or violations, $1,000 deductibles, single status, and no other discounts are factored in.

Guidelines for eliminating full coverage

There is no specific rule of when to phase out full coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

For example, let's say your Honda Accord replacement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,000 after paying your policy deductible. If you are currently paying more than $500 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are a few cases where dropping physical damage coverage is not financially feasible. If you still owe money on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not remove full coverage.

Eight discounts for affordable insurance quotes

Car insurance companies do not list every available discount in an easy-to-find place, so the below list has some of the more common in addition to some of the lesser obvious credits available to you.Insurance discounts

  • Senior Citizen Discount - Drivers over the age of 55 can possibly qualify for lower premium rates.
  • Theft Deterrent System - Anti-theft and alarm system equipped vehicles help deter theft and qualify for as much as a 10% discount.
  • Claim Free - Drivers who don't have accidents get the best insurance rates in comparison to drivers who are more careless.
  • Multi-Vehicle Discounts - Having primary and secondary vehicles with the same company can get a discount on all vehicles.
  • Discounts for New Vehicles - Buying a new car model may earn a small discount compared to insuring an older model.
  • Discount for Home Ownership - Owning your own home or condo can help you save on insurance due to the fact that maintaining a home requires personal responsibility.
  • Professional Memberships - Being in specific professional or occupational memberships or organizations is a simple method to lower premiums when shopping for insurance.
  • Military Discounts - Having a family member in the military could mean lower prices.

A little note about advertised discounts, some credits don't apply to the overall cost of the policy. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. So when it seems like you could get a free insurance policy, it doesn't quite work that way.

The example below illustrates the comparison of Honda Accord insurance costs with and without discounts being applied to the rates. The rate quotes are based on a male driver, no accidents, no driving violations, Florida 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 claim-free, multi-policy, homeowner, safe-driver, multi-car, and marriage discounts applied.

Popular insurance companies and some of the premium reductions they offer are included below.

  • State Farm offers discounts for multiple autos, passive restraint, defensive driving training, good driver, anti-theft, and safe vehicle.
  • American Family may include discounts for mySafetyValet, good driver, accident-free, air bags, multi-vehicle, and early bird.
  • GEICO includes discounts for air bags, seat belt use, five-year accident-free, good student, federal employee, and emergency military deployment.
  • 21st Century may offer discounts for good student, teen driver, homeowners, anti-lock brakes, and defensive driver.
  • Progressive discounts include online signing, online quote discount, multi-vehicle, homeowner, multi-policy, and good student.

When getting free Orlando auto insurance quotes, it's a good idea to every prospective company which discounts they offer. All car insurance discounts might not apply in Orlando. To see a list of insurers who offer free Honda Accord insurance quotes in Orlando, click this link.

What is the best insurance coverage?

Keep in mind that when it comes to choosing your policy, there isn't really a one size fits all plan. Your needs are unique to you.Higher deductibles save money

These are some specific questions might help in determining if you could use an agent's help.

  • When would I need additional glass coverage?
  • How much underlying liability do I need for an umbrella policy?
  • Do I have coverage when making deliveries for my home business?
  • When do I need to add a new car to my policy?
  • When should I have rental car coverage?
  • Who is covered when they drive my Honda Accord?
  • How can I force my company to pay a claim?

If you don't know the answers to these questions but one or more may apply to you, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form. It is quick, free and can help protect your family.

Ratings for Orlando auto insurance companies

Selecting the highest-rated auto insurance company can be rather challenging considering how many companies there are in Orlando. The company rank data listed below may help you select which car insurance providers you want to consider purchasing coverage from.

Orlando, Florida Auto Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Insure.com Best Car Insurance Companies