Compare Honda Accord Insurance Rate Quotes in Colorado Springs

The most effective way to get the cheapest Honda Accord insurance in Colorado Springs is to make a habit of comparing prices annually from different companies who provide car insurance in Colorado. This can be done by completing these steps.

• Step 1: Gain an understanding of how car insurance works and the modifications you can make to keep rates low. Many policy risk factors that increase rates like your driving record and a negative credit score can be controlled by making minor changes to your lifestyle.
• Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give rate quotes from a single company like GEICO or Farmers Insurance, while independent agents can provide price quotes from multiple sources. View a list of agents
• Step 3: Compare the quotes to the price on your current policy and see if there is a cheaper rate. If you find a better price and change companies, verify that coverage does not lapse between policies.

An important note is to compare similar coverage information on every quote and and to get rate quotes from as many auto insurance providers as possible. Doing this guarantees the most accurate price comparison and plenty of rates choose from.

It’s a known fact that auto insurance companies want to prevent you from shopping around. Drivers who perform rate comparisons are very likely to move their business because there is a good chance of finding more affordable rates. A study discovered that drivers who compared prices once a year saved $70 a month compared to drivers who don’t make a habit of comparing rates.

If finding the cheapest price for insurance is your objective, then learning about how to compare car insurance can make it easier for you to save money.

Finding low cost Honda Accord car insurance quotes is pretty simple and can save money. Consumers just need to take the time to compare rates to find the company with inexpensive Colorado Springs auto insurance quotes.

The car insurance companies shown below offer quotes in Colorado Springs, CO. To find the cheapest auto insurance in Colorado Springs, we recommend you click on several of them to get the lowest price.

Companies offer money-saving discounts on Honda Accord insurance in Colorado Springs

Companies that sell car insurance don’t always advertise every discount available very well, so the list below contains some of the more common and also the lesser-known credits available to you.

• Active Military Service – Being on active deployment in the military could be rewarded with lower insurance rates.
• Waiver for an Accident – This one is not really a discount per se, but companies like State Farm and GEICO will let one accident slide before your rates go up if you have no claims before the accident.
• Drivers Education – Have your child enroll and complete driver’s education in school.
• Renewal Discounts – Select insurance companies give a discount for switching to them before your current expiration date. You could save around 10% when you buy Colorado Springs auto insurance online.
• Seat Belt Usage – Forcing all vehicle occupants to buckle up can save 10% or more on medical payment and PIP coverage.
• Senior Citizen Rates – Mature drivers are able to get better insurance rates.
• Drive Safe and Save – Accident-free drivers may receive a discount up to 45% as compared to drivers with claims.
• Student Discounts – Excelling in school can be rewarded with saving of up to 25%. This discount can apply up to age 25.

As a sidenote, most discounts do not apply to the entire policy premium. Most cut specific coverage prices like medical payments or collision. Despite the fact that it seems like you would end up receiving a 100% discount, you aren’t that lucky.

The chart below shows the difference between Honda Accord yearly insurance costs with and without discounts applied to the policy premium. The costs are based on a male driver, no tickets, no at-fault accidents, Colorado state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, multi-policy, claim-free, safe-driver, and marriage discounts applied.

Large insurance companies and a summarized list of policyholder discounts include:

• State Farm offers premium reductions for good student, defensive driving training, safe vehicle, multiple autos, passive restraint, and student away at school.
• GEICO offers discounts for five-year accident-free, driver training, anti-lock brakes, good student, and defensive driver.
• Allstate may have discounts that include anti-theft, passive restraint, EZ pay plan discount, good payer, and auto/life discount.
• SAFECO offers discounts including homeowner, multi-car, accident prevention training, teen safety rewards, anti-lock brakes, and bundle discounts.
• Farm Bureau has savings for youthful driver, multi-vehicle, multi-policy, 55 and retired, driver training, and safe driver.
• Progressive has discounts for multi-vehicle, online quote discount, good student, homeowner, continuous coverage, and online signing.
• AAA may offer discounts for anti-theft, pay-in-full, good driver, education and occupation, AAA membership discount, and multi-policy.

When comparing rates, check with every insurance company which discounts you qualify for. Discounts may not apply to policyholders in your state. To see companies who offer cheap Honda Accord insurance quotes in Colorado, click here.

Honda Accord insurance rate analysis

The premium information shown below highlights different insurance rates for Honda Accord models. Having a better idea how car insurance premiums are figured can help guide drivers when making decisions on the best policy to buy.

Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Premium costs do not factor in garaging location in Colorado Springs which can increase or decrease coverage prices noticeably.

Raise deductibles and save

When buying car insurance, a common question is how high should the physical damage coverage deductibles be. The comparison tables below can help you understand the difference in cost when you buy lower versus higher policy deductibles. The first rate quote example uses a $100 physical damage coverage deductible and the second set of prices uses a $500 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Rate information does not factor in garaging location in Colorado Springs which can increase or decrease coverage rates greatly.

Based on the above data, using a $100 deductible costs roughly $23 more each month or $276 annually averaged for all Accord models than choosing the higher $500 deductible. Because you would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you have more than 17 months between claim filings, you would probably be better off if you decide on a higher deductible.

Should you buy full coverage?

The chart below visualizes the comparison of Honda Accord car insurance rates with full physical damage coverage and with liability coverage only. The rate quotes are based on no violations or claims, $500 deductibles, drivers are single, and no discounts are applied.

When to drop full coverage

There isn’t a written rule of when to exclude comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is more than 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let’s say your Honda Accord book value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $5,000 after you pay the deductible. If it’s costing you more than $500 annually to have full coverage, then you might want to consider buying only liability coverage.

There are some scenarios where removing full coverage is not in your best interest. If you still have a lienholder on your title, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should keep full coverage in place.

Do I need an agent?

Many people would prefer to get professional advice from a licensed agent and often times that is recommended Professional insurance agents can answer important questions and help submit paperwork. The best thing about getting free rate quotes online is that drivers can save money and get better rates and still have a local agent.

By using this short form, your insurance data gets sent to local insurance agents that can provide free Colorado Springs auto insurance quotes for your car insurance coverage. You don’t have to find an agent on your own since price quotes are sent to you. In the event you want to get a rate quote from a specific car insurance provider, you just need to jump over to their website and give them your coverage information.

Finding the right company requires more thought than just a cheap price quote. The questions below may impact your decision as well.

• What kind of financial rating does the company have?
• Do they specialize in personal lines coverage in Colorado Springs?
• Is there a local claims center in Colorado Springs?
• How will an accident affect your rates?
• Will you get a loaner vehicle if you car is being repaired?
• Can they give you a list of client referrals?
• Which insurance company do they prefer to write with?
• Do they reduce claim amounts on high mileage vehicles?

Choose the right car insurance agent

If you need to find a good insurance agency, it can be helpful to understand the different agency structures that you can choose from. Insurance agencies in Colorado Springs can be categorized as either independent agents or exclusive agents. Either one can insure your vehicles properly, but it is a good idea to know the difference in how they write coverage because it can factor into buying decisions.

Exclusive Insurance Agents

Exclusive agents write business for a single company and examples are State Farm, Allstate and AAA. They usually cannot provide prices from multiple companies so always compare other rates. Exclusive agents receive extensive training on what they offer which helps offset the inability to provide other markets. Consumers often choose to use a exclusive agent primarily because of the brand name instead of buying on price only.

Listed below is a list of exclusive insurance agencies in Colorado Springs who may provide you with comparison quotes.

• American Family Insurance – Mario Aragon Agency Inc.
  1135 E Fillmore St – Colorado Springs, CO 80907 – (719) 570-0707 – View Map
• Allstate Insurance: Cally O’Donnell
  3993 Academy Blvd N – Colorado Springs, CO 80917 – (719) 596-8800 – View Map
• American Family Insurance – Dave Karstens Agency Inc.
  3225 Templeton Gap Rd Ste 104 – Colorado Springs, CO 80907 – (719) 636-3336 – View Map

More insurance agents

Independent Agencies or Brokers

These type of agents do not write with just one company so they can write business through many different car insurance companies and get you the best rates possible. If premiums increase, they can switch companies in-house and that require little work on your part.

When comparison shopping, you will definitely want to include at least one independent agent in order to compare the most rates. Many independent agencies also insure through small regional insurance companies which can be an advantage.

Shown below is a short list of independent insurance agencies in Colorado Springs willing to provide price quotes.

• Springs Insurance Brokers
  1837 Austin Bluffs Pkwy #101 – Colorado Springs, CO 80918 – (719) 268-1300 – View Map
• WIN Insurance Agency
  3485 Academy Blvd N Ste 101 – Colorado Springs, CO 80917 – (719) 599-9494 – View Map
• CIA-Leavitt Insurance Agency
  5585 Erindale Dr #107 – Colorado Springs, CO 80918 – (719) 528-1884 – View Map

More insurance agents

How to know if you need help

When selecting the right insurance coverage, there really is not a perfect coverage plan. Everyone’s situation is a little different so your insurance needs to address that.
For instance, these questions could help you determine if your situation might need an agent’s assistance.

• Do I have coverage when using my vehicle for my home business?
• Am I covered if my car is in a flood?
• What is the ISO rating for a Honda Accord?
• Do I need roadside assistance coverage?
• Do I need added coverage for expensive stereo equipment?
• Do I need PIP (personal injury protection) coverage in Colorado?
• Does my personal policy cover me when driving out-of-state?

If you can’t answer these questions, you might consider talking to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier It’s fast, free and may give you better protection.

Six Things That Impact Your Insurance Premiums

Many factors are used when quoting car insurance. A few of the factors are predictable such as your driving record, but some are less obvious like your vehicle usage or how safe your car is.

High credit scores save money – A driver’s credit score will be a significant factor in determining premium rates. Therefore, if your credit rating is low, you could pay less to insure your Honda Accord by improving your credit score. Insureds with very good credit scores tend to be more responsible than drivers with lower credit scores.

Pleasure use saves money – Driving a lot of miles in a year the higher the price you pay to insure it. Many insurance companies rate vehicles based on their usage. Cars that do not get driven very much qualify for better rates than vehicles that are driven to work every day. Ask your agent if your auto insurance declarations sheet reflects the proper vehicle usage, because it can save money. Having an incorrect usage rating on your Accord can cost quite a bit.

Don’t abuse claims – If you’re an insured who likes to file claims you can look forward to increased rates or even have your policy non-renewed. Companies in Colorado give discounts to insureds who only file infrequent claims. Your insurance policy is intended to be relied upon for major claims that would cause financial hardship.

Better rates for continuous auto insurance coverage – Driving any period of time without insurance is illegal and your next policy will cost more because you let your insurance expire. In addition to paying higher rates, the inability to provide proof of insurance may earn you a license revocation or jail time. You may then have to file a SR-22 with the Colorado department of motor vehicles.

Driving citations can be expensive – Having a clean driving record impacts your car insurance rates tremendously. Getting just one citation could increase your next policy renewal by twenty percent. Careful drivers pay lower auto insurance prices than their less careful counterparts. Drivers who get flagrant citations like reckless driving or DUI may need to file a proof of financial responsibility form (SR-22) with their state in order to continue driving.

The example below illustrates how violations and at-fault accidents influence Honda Accord car insurance rates for different age groups of insureds. The costs are based on a single female driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.

Employer stress can affect rates – Do you work in a high-stress field? Occupations such as military personnel, airline pilots, and medical professionals generally have higher premiums than the average policyholder attributed to stressful work requirements and long work hours. Conversely, occupations such as farmers, engineers and the unemployed have lower than average premiums.

Honda Accord insurance loss probability – Insurance companies use past insurance losses when they file their rates in each state. Models that the data determines to have increased claim numbers or amounts will have increased rates. The next table illustrates the compiled insurance loss statistics for Honda Accord vehicles.

For each coverage category, the statistical loss for all vehicles, as an average, is set at 100. Values that are below 100 mean the vehicle has better than average losses, while numbers above 100 indicate a higher chance of having a claim or an increased probability of a larger loss.

Choosing the best Accord insurance in Colorado is an important decision

Despite the potentially high cost of Honda Accord insurance, maintaining insurance is not optional due to several reasons.

• Just about all states have mandatory liability insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability coverage in order to drive the car legally. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
• If your Accord has a loan, most banks will require that you have insurance to guarantee payment of the loan. If you default on your policy, the bank or lender will purchase a policy for your Honda at a much higher premium rate and require you to pay for the much more expensive policy.
• Insurance preserves your Honda and your assets. Insurance will also pay for medical transport and hospital expenses for yourself as well as anyone injured by you. Liability coverage will also pay for a defense attorney if you are named as a defendant in an auto accident. If you have damage to your Honda as the result of the weather or an accident, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.

The benefits of buying insurance definitely exceed the cost, particularly if you ever have a claim. Unknowingly, the average driver is wasting up to $700 annually so we recommend shopping around at least once a year to save money.

Be persistent and save

Budget-conscious Honda Accord insurance is possible online in addition to many Colorado Springs insurance agents, so you need to quote Colorado Springs auto insurance with both to have the best selection. A few companies do not provide rate quotes online and many times these small, regional companies prefer to sell through local independent agencies.

As you restructure your insurance plan, you should never reduce needed coverages to save money. In many instances, consumers will sacrifice comprehensive coverage or liability limits and found out when filing a claim that it was a big error on their part. Your aim should be to purchase a proper amount of coverage at the best price, but do not skimp to save money.

We just showed you a lot of tips how to save on Honda Accord insurance in Colorado Springs. It’s most important to understand that the more companies you get rates for, the more likely it is that you will get a better rate. Consumers may even find the lowest prices come from a smaller regional carrier. These companies may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm or Progressive.

For more information, feel free to browse the following helpful articles:

• Where can I buy Insurance? (Insurance Information Institute)
• Who Has Cheap Colorado Springs Auto Insurance Rates for a Ford Escape? (FAQ)
• Car Insurance FAQ (Trusted Choice)
• Safety Features for Your New Car (State Farm)
• Car Insurance for Teen Drivers with Divorced Parents (Allstate)