Save on Honda Accord Insurance in Tampa

Discount Honda Accord insuranceIf your goal is the lowest price, then the best way to save on car insurance rates in Tampa is to compare prices once a year from providers in Florida. Rates can be compared by following these guidelines.

A good piece of advice is to make sure you enter similar deductibles and liability limits on each quote request and and to get price quotes from all possible companies. This enables an apples-to-apples comparison and maximum price selection.

Shockingly, the vast majority of Florida car insurance customers have stayed with the same insurance company for over three years, and virtually 40% of consumers have never compared rates with other companies. American drivers could save themselves nearly $859 a year just by comparing rates, but they underestimate how much money they would save if they bought a different policy.

This article’s intent is to help educate you on the best ways to compare prices and how to save the most money. If you are insured now, you stand a good chance to be able to get lower rates using these tips. Nevertheless, Florida consumers need to learn the way insurance companies calculate your policy premium and use this information to your advantage.

Find Cheap Insurance with These Tips

Part of the insurance buying process is learning the rating factors that are used to determine your insurance rates. If you have some idea of what influences your rates, this allows you to make educated decisions that will entitle you to big savings. Lots of factors are used in the calculation when you get your auto insurance bill. Some factors are common sense like your driving record, but some are more obscure such as your marital status and annual miles driven.

All major insurance companies give coverage prices on their websites. Getting Honda Accord insurance prices online is possible for anyone as you simply enter the coverage amounts you desire into the form. Once entered, the company’s rating system automatically orders your credit score and driving record and generates a price based on the information you submitted.

This helps simplify price comparisons, and it is important to compare as many rates as possible if you are searching for the best rate on insurance.

To quickly use this form to compare rates, take a look at the companies shown below. If you currently have coverage, we recommend you enter the coverages as close as possible to your current policy. This way, you will get a rate comparison for the exact same coverage.

The companies shown below can provide comparison quotes in Tampa, FL. To find cheap car insurance in Tampa, we suggest you get rates from several of them to get the most affordable price.

Data for Honda Accord insurance

The data table displayed below highlights detailed analysis of prices for Honda Accord models. Having a good grasp of how car insurance premiums are determined is important to be able to make smart choices when comparing insurance quotes.

Honda Accord Insurance Rates in Tampa, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $224 $414 $430 $26 $128 $1,222 $102
Accord EX 4-Dr Sedan $224 $414 $430 $26 $128 $1,222 $102
Accord LX-P 4-Dr Sedan $224 $414 $430 $26 $128 $1,222 $102
Accord EX-L 4-Dr Sedan $256 $504 $430 $26 $128 $1,344 $112
Accord EX 2-Dr Coupe $256 $594 $570 $34 $170 $1,624 $135
Accord LX-S 2-Dr Coupe $256 $594 $570 $34 $170 $1,624 $135
Accord EX-L 2-Dr Coupe $290 $594 $570 $34 $170 $1,658 $138
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Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Premium costs do not factor in specific Tampa garaging location which can influence premiums significantly.

Analysis of deductible levels

The hardest decision when buying coverage is where to set your physical damage deductibles. The following tables may help you to understand the rate fluctuation between low and high insurance deductibles. The first rate comparisons uses a $250 comprehensive and collision deductible and the second rate chart uses a $500 deductible.

Honda Accord insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $280 $446 $354 $20 $106 $1,231 $103
Accord EX 4-Dr Sedan $280 $446 $354 $20 $106 $1,231 $103
Accord LX-P 4-Dr Sedan $280 $446 $354 $20 $106 $1,231 $103
Accord EX-L 4-Dr Sedan $322 $544 $354 $20 $106 $1,371 $114
Accord EX 2-Dr Coupe $322 $640 $472 $28 $142 $1,629 $136
Accord LX-S 2-Dr Coupe $322 $640 $472 $28 $142 $1,629 $136
Accord EX-L 2-Dr Coupe $364 $640 $472 $28 $142 $1,671 $139
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Honda Accord insurance rates 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
Get Your Own Custom Quote Go

Prices 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, safe-driver, multi-policy, and homeowner. Rate quotes do not factor in specific garaging location which can decrease or increase price quotes substantially.

Based on the data above, we can derive that using a $250 deductible will cost you about $16 more each month or $192 a year than requesting the higher $500 deductible. Due to the fact that you would have to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to go at a minimum 16 months between claims, you would more than likely save some money if you decide on a higher deductible.

Does full coverage make sense?

The example below shows the comparison of Honda Accord insurance premiums with full physical damage coverage compared to only buying liability only. The premium estimates are based on no claims or driving citations, $100 deductibles, single marital status, and no discounts are taken into consideration.

Deciding between full coverage and liability only

There is no set guideline of when to phase out comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the settlement you would receive from your company, then it could be time to drop 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 damaged in an accident, the most you would get paid by your company is $2,000 after paying the physical damage deductible. If you are paying in excess of $200 a year for physical damage coverage, then you might want to consider buying only liability coverage.

There are a few situations where eliminating full coverage is not a good plan. If you still have a lienholder on your title, you have to keep full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle in case of an accident, you should keep full coverage on your policy.

Why you need car insurance

Even though Tampa Accord insurance rates can get expensive, buying car insurance may be mandatory for several reasons.

The benefits of having car insurance more than offset the price you pay, specifically if you ever have a liability claim. Unknowingly, the average driver is currently overpaying as much as $855 a year so shop around once a year at a minimum to save money.

Do you qualify for discounts on Honda Accord insurance in Tampa?

Insurance can cost an arm and a leg, but companies offer discounts that you may not know about. Many of these discounts will be applied automatically at the time you complete a quote, but a few must be specifically requested in order for you to get them.Discount auto insurance

Don’t be surprised that many deductions do not apply to all coverage premiums. A few only apply to individual premiums such as physical damage coverage or medical payments. So when it seems like you would end up receiving a 100% discount, it’s just not the way it works.

The diagram below shows the comparison of Honda Accord car insurance costs with and without discounts applied to the rates. The rates are based on a female driver, a clean driving record, no claims, 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 multi-car, homeowner, marriage, claim-free, safe-driver, and multi-policy discounts applied.

To choose insurance companies with the best discounts in Florida, click here to view.

When should I get advice from an insurance agent?

A lot of people still like to visit with an insurance agent and that is a smart decision One of the great benefits of comparing insurance online is the fact that you can find the best rates and still have a local agent. Buying from local insurance agencies is still important in Tampa.

To help locate an agent, after submitting this short form, the quote information is immediately sent to local insurance agents who will give you quotes for your business. It simplifies rate comparisons since you won’t have to find an agent on your own because prices are sent immediately to you. You can find the lowest rates and a licensed agent to work with. If you need to compare rates from a specific insurance provider, feel free to search and find their rate quote page and complete a quote there.

When finding local Tampa agents, you should know the different types of agencies and how they operate. Insurance policy providers are either independent or exclusive depending on the company they work for.

Independent Agents (or Brokers)

Agents that elect to be independent do not work for one specific company and that gives them the ability to insure with many different companies and help determine which has the cheapest rates. If your premiums go up, they can switch companies in-house which requires no work on your part. If you are comparing rate quotes, we recommend you compare quotes from at a minimum one independent agency in order to compare the most rates. Most have the option of insuring with less well-known companies that can offer cheaper rates than bigger companies.

Featured below is a partial list of independent agencies in Tampa that may be able to give you price quote information.

More insurance agents

Exclusive Insurance Agencies

Agents that elect to be exclusive can only write with one company and some examples include State Farm, Allstate, and Farm Bureau. They usually cannot give you multiple price quotes so they are skilled at selling on more than just price. They are well schooled on sales techniques which can be an advantage. Some insured continue to use the same agent mainly due to the brand name rather than low price.

Below is a short list of exclusive insurance agencies in Tampa that are able to give price quotes.

More insurance agents

Picking the best insurance agency should depend on more than just the quoted price. Here are some questions you should ask.

More quotes mean more insurance savings

When searching for cheaper Tampa car insurance quotes, it’s a bad idea to reduce needed coverages to save money. In too many instances, someone sacrificed collision coverage only to discover later that their decision to reduce coverage ended up costing them more. Your goal is to purchase plenty of coverage at the best possible price but still have enough coverage for asset protection.

We just showed you many ways to save on Honda Accord insurance in Tampa. The key thing to remember is the more providers you compare, the better chance you’ll have of finding low cost Tampa car insurance quotes. You may even discover the lowest priced insurance comes from an unexpected company.

People switch companies for any number of reasons including high rates after DUI convictions, unfair underwriting practices, being labeled a high risk driver and high prices. Regardless of your reason for switching companies, choosing a new insurance company is not as difficult as it may seem.

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