Astonishing but true, nearly 70% of drivers have stayed with the same insurance company for well over three years, and approximately 38% of consumers have never compared rates from other carriers. Nebraska drivers could save an average of as much as 30% each year by just shopping around, but they just don't understand the benefits if they switched to a cheaper policy.
Truthfully, the best way to get the cheapest Honda Accord insurance is to compare prices regularly from companies that sell auto insurance in Lincoln. You can compare rates by following these steps.
- First, spend a few minutes and learn about coverages and the measures you can take to prevent expensive coverage. Many factors that drive up the price such as inattentive driving and a less-than-favorable credit score can be rectified by making lifestyle changes or driving safer. This article provides the details to help prevent expensive coverage and find overlooked discounts.
- Second, quote rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO and Allstate, while independent agencies can quote prices for many different companies. Select a company
- Third, compare the new rates to your existing rates and determine if cheaper Accord coverage is available in Lincoln. If you find a lower rate quote and buy the policy, make sure there is no coverage gap between policies.
An important note is that you'll want to make sure you compare the same liability limits and deductibles on each quote and and to compare as many different insurance providers as possible. This provides the most accurate price comparison and the best rate selection.
All major insurance companies like Allstate, GEICO and Progressive provide prices directly from their websites. This process is easy for anyone as you simply type in the coverage amounts you desire into a form. After the form is submitted, their system makes automated requests for your credit score and driving record and returns a price determined by many factors.
Using the web to get quotes for Honda Accord insurance in Lincoln makes it easy to compare insurance prices and it's very important to do this in order to get cheaper prices.
To compare rates now, compare rate quotes from the providers shown below. If you currently have coverage, we recommend you input the insurance coverages as shown on your current policy. This guarantees you will have rate comparison quotes based on the exact same insurance coverage.
The companies shown below are ready to provide comparison quotes in Nebraska. If multiple companies are listed, it's highly recommended you visit two to three different companies to get a more complete price comparison.
Insurance in Nebraska serves several purposes
Despite the potentially high cost of Honda Accord insurance, insurance is required in Nebraska but also provides important benefits.
- Just about all states have mandatory insurance requirements which means it is punishable by state law to not carry a specific level of liability insurance coverage if you drive a vehicle. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your Honda, almost every bank will have a requirement that you have physical damage coverage to guarantee payment of the loan. If you do not keep the policy in force, the lender will be forced to insure your Honda at an extremely high rate and make you pay the higher premium.
- Insurance safeguards both your car and your personal assets. It will also provide coverage for medical expenses that are the result of an accident. Liability insurance, one of your policy coverages, will also pay to defend you if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.
The benefits of insuring your Accord definitely exceed the price paid, especially with large liability claims. The average driver in Nebraska is currently overpaying as much as $800 each year so compare quotes from several companies at every renewal to make sure the price is not too high.
Rates and detailed analysis
The rate information displayed below showcases estimates of insurance costs for Honda Accord models. Having a better understanding of how auto insurance premiums are formulated can assist in making smart choices when comparing insurance quotes.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$108||$198||$268||$16||$80||$670||$56|
|Accord EX 4-Dr Sedan||$108||$198||$268||$16||$80||$670||$56|
|Accord LX-P 4-Dr Sedan||$108||$198||$268||$16||$80||$670||$56|
|Accord EX-L 4-Dr Sedan||$124||$240||$268||$16||$80||$728||$61|
|Accord EX 2-Dr Coupe||$124||$284||$356||$22||$106||$892||$74|
|Accord LX-S 2-Dr Coupe||$124||$284||$356||$22||$106||$892||$74|
|Accord EX-L 2-Dr Coupe||$138||$284||$356||$22||$106||$906||$76|
|Get Your Own Custom Quote Go|
Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Premium amounts do not factor in your specific Lincoln location which can increase or decrease coverage prices considerably.
The information below demonstrates how deductibles and can affect Honda Accord insurance costs for different age groups of insureds. The price estimates are based on a single male driver, comprehensive and collision coverage, and no policy discounts are applied.
Annual premiums comparing men and women
The information below shows the difference between Honda Accord insurance costs for male and female drivers. The price estimates are based on no claims or driving citations, comprehensive and collision coverage, $500 deductibles, marital status is single, and no discounts are taken into consideration.
Does it make sense to buy full coverage?
The example below illustrates the comparison of Honda Accord yearly insurance costs when comparing full coverage to liability only. The data is based on no driving violations, no at-fault accidents, $100 deductibles, single status, and no discounts are applied.
Should you pay for full coverage?
There is no set rule of when to stop paying for comp and collision coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than about 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.
For example, let's say your Honda Accord settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is totaled, you would only receive $6,000 after you pay the deductible. If you are currently paying more than $600 annually for physical damage coverage, then you might consider buying liability only.
There are some circumstances where dropping full coverage is not financially feasible. If you still have a loan on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should keep full coverage in place.
Discounts can help lower rates on Honda Accord insurance in Lincoln
Companies that sell car insurance do not advertise every discount they offer very clearly, so here is a list both well-publicized and also the more inconspicuous discounts that you may qualify for. If you don't get every credit available, you may be paying too high a price.
- College Student Discount - Children who are enrolled in higher education away from home and don't have a car may be able to be covered for less.
- No Charge for an Accident - This one isn't a discount, but some companies like State Farm and GEICO permit an accident without the usual rate increase if you are claim-free for a particular time prior to the accident.
- Telematics Devices - People who choose to allow their insurance company to study driving patterns through the use of a telematics system such as In-Drive from State Farm or Allstate's Drivewise system might get better premium rates if they have good driving habits.
- Active Military Service - Having a family member in the military may lower your premium rates slightly.
- Government Employee Discount - Having worked for a branch of the government could qualify for a slight premium decrease with a few insurance companies.
- Senior Citizen Discount - Mature drivers can get lower premium rates.
- Professional Organizations - Belonging to qualifying employment or professional organizations may earn a discount on insurance.
- Air Bags and Passive Restraints - Vehicles with factory air bags or motorized seat belts can qualify for discounts of 20 to 30 percent.
- New Vehicle Savings - Insuring a new Accord can save up to 30% due to better safety requirements for newer models.
- Early Signing - A few companies offer discounts for buying a new policy early. You can save around 10% with this discount.
As a sidenote, many deductions do not apply to your bottom line cost. Most cut specific coverage prices like liability, collision or medical payments. Even though it appears you would end up receiving a 100% discount, nobody gets a free ride.
The diagram below shows the comparison of Honda Accord insurance premiums with and without discounts being applied to the rates. The rate quotes are based on a male driver, no violations or claims, Nebraska state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, safe-driver, marriage, multi-car, and homeowner discounts applied.
A list of insurance companies and the discounts they provide are outlined below.
- State Farm has discounts for good student, safe vehicle, passive restraint, good driver, driver's education, and defensive driving training.
- Farmers Insurance policyholders can earn discounts including multi-car, business and professional, homeowner, good student, switch companies, early shopping, and pay in full.
- GEICO offers discounts including air bags, daytime running lights, five-year accident-free, driver training, and federal employee.
- American Family has savings for TimeAway discount, early bird, air bags, defensive driver, and Steer into Savings.
- Nationwide includes discounts for anti-theft, good student, multi-policy, defensive driving, Farm Bureau membership, accident-free, and business or organization.
- Progressive offers premium reductions for continuous coverage, good student, online quote discount, multi-policy, online signing, multi-vehicle, and homeowner.
Check with each company or agent the best way to save money. Some discounts might not be offered on policies in your state. If you would like to choose from a list of insurers that offer many of these discounts in Nebraska, click this link.
How much car insurance do I need?
Keep in mind that when it comes to choosing proper insurance coverage for your personal vehicles, there isn't really a cookie cutter policy. Your needs are not the same as everyone else's and your policy should reflect that. Here are some questions about coverages that might help in determining if your situation would benefit from professional advice.
- Does my car insurance cover rental cars?
- What is no-fault insurance?
- Do I need medical payments coverage since I have good health insurance?
- At what point should I drop full coverage?
- Do I have coverage when pulling a U-Haul trailer?
- Why are teen drivers so expensive to add on to my policy?
- Is my custom stereo system covered?
- Why am I required to buy liability insurance?
If you can't answer these questions but a few of them apply then you might want to talk to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of car insurance companies in your area.