Affordable Insurance for a Honda Accord in Greensboro

Trying to come up with a payment for high-priced car insurance can dwindle your accounts and force you to cut corners elsewhere.

It’s easy to assume that insurance companies don’t want you to look for a cheaper policy. Consumers who get price quotes annually are very likely to switch to a new company because of the high probability of finding a lower rate. A recent car insurance study revealed that drivers who routinely shopped around saved as much as $3,500 over four years compared to other drivers who never shopped for cheaper rates.

If finding the most affordable auto insurance in Greensboro is why you’re reading this, then learning about the best way to quote and compare coverage rates can make the process less intimidating.

How to buy cheaper Honda Accord insurance in Greensboro

It takes a few minutes, but the best way to find more affordable Honda Accord insurance is to compare quotes annually from insurers who sell auto insurance in Greensboro.

• Step 1: Learn about how insurance companies determine prices and the things you can control to prevent rate increases. Many risk factors that result in higher rates such as at-fault accidents and a bad credit rating can be remedied by improving your driving habits or financial responsibility.
• Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only quote rates from a single company like GEICO and State Farm, while independent agents can quote rates from multiple sources.
• Step 3: Compare the quotes to your existing rates to determine if switching companies saves money. If you can save some money, make sure coverage is continuous and does not lapse.
• Step 4: Provide proper notification to your current company of your decision to cancel your current policy and submit a completed policy application and payment to your new carrier. As soon as you have the new policy, place the new certificate of insurance in an easily accessible location in your vehicle.

An important bit of advice to remember is to make sure you enter the same coverage limits and deductibles on every quote request and and to get price quotes from as many auto insurance providers as possible. Doing this guarantees a fair rate comparison and the best rate selection.

Big-name insurance companies like Progressive, GEICO and Farmers Insurance promote their brand names with TV and radio ads and it is challenging if not impossible to ignore the flying pigs and cute green geckos and effectively compare rates to find the best deal.

If you have a policy now or just want cheaper rates, you will benefit by learning to save money without having to cut coverage. Buying the cheapest auto insurance in Greensboro can really be easy if you know what you’re doing. Consumers just need to understand the quickest method to compare price quotes using one simple form.

The quickest method to compare insurance rates from multiple companies is to know the fact all the major auto insurance companies actually pay money for the chance to give you rate quotes. To get started, all you need to do is spend a couple of minutes providing details including if you are currently licensed, how you use your vehicles, if you’re married, and if you require a SR-22. The rating information gets sent immediately to multiple insurance providers and you will get price comparisons immediately.

To compare rates for your Honda Accord now, click here and complete the form.

The companies shown below have been selected to offer free quotes in Greensboro, NC. If multiple companies are listed, we recommend you click on several of them to find the cheapest auto insurance rates.

Coverage information

The rate table displayed next highlights a range of insurance costs for Honda Accord models. Learning more about how policy premiums are determined is important for making informed decisions.

Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Premium costs do not factor in vehicle location which can revise auto insurance rates greatly.

Analysis of deductible levels

One of the hardest decisions when shopping for insurance is which deductible level should you buy. The following tables outline the price difference of buying low and high physical damage deductibles. The first pricing table uses a $100 deductible and the second price grid uses a $1,000 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Price information does not factor in Greensboro location which can lower or raise premiums substantially.

Based on the data above, we can derive that using a $100 deductible will cost you approximately $25 more each month or $300 a year than choosing the higher $1,000 deductible. Since you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you go more than 36 months between claim filings, you would save more money by going with a higher deductible.

The illustration below shows how choosing a deductible and can impact Honda Accord annual premium costs for different ages of insureds. Data assumes a married female driver, comp and collision included, and no additional discounts are factored in.

Safe drivers Greensboro pay cheaper rates

The diagram below illustrates how violations and fender-benders can impact Honda Accord insurance costs for different age categories. Data assumes a married male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.

Protect your Honda Accord and other assets

Despite the high insurance cost for a Honda Accord in Greensboro, insuring your vehicle is required in North Carolina but also provides important benefits.

• Most states have compulsory liability insurance requirements which means the state requires a specific minimum amount of liability if you want to drive legally. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If your Honda Accord has a loan, almost every bank will have a requirement that you have full coverage to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the bank may buy a policy for your Honda for a much higher rate and force you to pay the higher premium.
• Insurance protects your car and your assets. It also can pay for all forms of medical expenses for yourself as well as anyone injured by you. As part of your policy, liability insurance will also pay for a defense attorney if you cause an accident and are sued. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.

The benefits of buying insurance more than cancel out the cost, especially with large liability claims. The average driver in North Carolina is overpaying more than $865 each year so it’s very important to do a rate comparison once a year at a minimum to ensure rates are competitive.

Car insurance discounts are available to cut your rates

Some companies don’t necessarily list all their discounts very clearly, so the list below details a few of the more well known and the harder-to-find credits available to lower your premiums when you buy Greensboro auto insurance online.

• ABS Braking Discount – Cars, trucks, and SUVs with ABS braking systems or traction control can avoid accidents so companies give up to a 10% discount.
• Home Ownership Discount – Being a homeowner may trigger a policy discount on car insurance due to the fact that maintaining a home is proof of financial responsibility.
• Theft Deterrent – Vehicles that have factory anti-theft systems are stolen less frequently so companies will give you a small discount.
• Senior Citizen Discount – If you’re over the age of 55, you may receive better car insurance rates.
• Low Mileage Discounts – Keeping the miles down on your Honda may enable drivers to earn better car insurance rates on cars that stay parked.
• Distant Student Discount – Kids who are attending college and do not take a car to college may be insured at a cheaper rate.
• Data Collection Discounts – Drivers who elect to allow driving data collection to track when and where they use their vehicle remotely such as Progressive’s Snapshot might get better premium rates as long as they are good drivers.
• Good Student – This discount could provide a savings of up to 20% or more. This discount can apply up until you turn 25.
• Active Service Discounts – Being deployed in the military could be rewarded with lower car insurance rates.
• Waiver for an Accident – This isn’t a discount exactly, but certain companies may permit one accident without getting socked with a rate hike if you are claim-free prior to being involved in the accident.

As a sidenote, some of the credits will not apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. Just because you may think having all the discounts means you get insurance for free, you aren’t that lucky. But all discounts should help lower your policy cost.

The chart below illustrates the comparison of Honda Accord car insurance rates with and without discounts applied to the premium. Data assumes a female driver, no accidents, no driving violations, North Carolina 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 homeowner, claim-free, multi-car, multi-policy, safe-driver, and marriage discounts applied.

A partial list of companies that may offer these benefits include:

• Farmers Insurance
• Esurance
• State Farm
• GEICO
• Allstate

When quoting, ask all companies you are considering which discounts can lower your rates. Discounts may not be available in every state. To view companies that can offer you the previously mentioned discounts in Greensboro, click here.

What if I want to buy from local Greensboro auto insurance agents?

A lot of people just prefer to visit with an insurance agent and often times that is recommended Experienced insurance agents are highly skilled in risk management and give you someone to call. The biggest benefit of getting free rate quotes online is you may find better rates and still have a local agent. And providing support for small agencies is especially important in Greensboro.

To make it easy to find an agent, after completing this form (opens in new window), the coverage information is sent to local insurance agents in Greensboro that can give you free Greensboro auto insurance quotes for your car insurance coverage. There is no reason to visit any agencies since price quotes are sent directly to your email. If you have a need to compare rates from a particular provider, just go to their quote page and submit a quote form there.

When researching a local Greensboro insurance agent, there are two different types of agents and how they differ in how they can insure your vehicles. Car insurance agents in Greensboro can be described as either independent agents or exclusive agents depending on their employer. Either can write policy coverage, but it is important to understand the difference in how they write coverage since it can affect the selection process.

Independent Agents

Agents that elect to be independent are not employed by one company so they can insure your vehicles with many different companies enabling the ability to shop coverage around. If you are not satisfied with one company, they simply move the coverage in-house and you won’t have to switch agencies.

If you are trying to find cheaper rates, you will want to get some free quotes from several independent agencies to get the most accurate price comparison.

Featured below is a list of independent insurance agents in Greensboro that may be able to give you cheap rate quotes.

View more agents

Exclusive Car Insurance Agencies

Exclusive insurance agents generally can only insure with one company and some examples include State Farm, Allstate, and Farm Bureau. Exclusive agents are unable to place coverage with different providers so if the price isn’t competitive there isn’t much they can do. Exclusive agencies are very knowledgeable in insurance sales which can be an advantage.

The following is a short list of exclusive insurance agents in Greensboro willing to provide price quote information.

View more agents

Deciding on an car insurance agent should depend on more than just a cheap price. Any agent in Greensboro should be willing to answer these questions.

• Are there any discounts that you might be missing?
• How long have they been in business?
• Is assistance available after office hours?
• Do they feel the quoted coverages are adequate?
• Will you work with the agent or an assistant?
• What are the financial ratings for the companies they represent?
• Where would glass claims be handled in Greensboro?

Specifics of your auto insurance policy

Having a good grasp of your auto insurance policy helps when choosing the right coverages at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and reading a policy is terribly boring. Below you’ll find typical coverages found on most auto insurance policies.

Collision coverage – This will pay to fix damage to your Accord resulting from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like scraping a guard rail, damaging your car on a curb, colliding with a tree, crashing into a building and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Drivers also have the option to choose a higher deductible on your Accord to get cheaper collision coverage.

Comprehensive coverage – Comprehensive insurance pays for damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as hitting a deer, a broken windshield and hail damage. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Medical payments coverage and PIP – Med pay and PIP coverage provide coverage for immediate expenses for doctor visits, rehabilitation expenses, funeral costs and chiropractic care. The coverages can be utilized in addition to your health insurance plan or if you do not have health coverage. They cover both the driver and occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Auto liability insurance – Liability insurance provides protection from damage or injury you incur to other’s property or people by causing an accident. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 30/60/25 which stand for a limit of $30,000 per injured person, a total of $60,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Another option is one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against things such as loss of income, emergency aid and structural damage. The amount of liability coverage you purchase is up to you, but consider buying as much as you can afford. North Carolina state law requires minimum liability limits of 30/60/25 but it’s recommended drivers buy more coverage.

The illustration below shows why the minimum limit may not be enough.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. It can pay for injuries to you and your family and damage to your Honda Accord.

Since many North Carolina drivers only carry the minimum required liability limits (30/60/25 in North Carolina), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Cover all your bases

As you shop your coverage around, it’s not a good idea to reduce needed coverages to save money. There have been many cases where drivers have reduced physical damage coverage only to regret that the small savings ended up costing them much more. Your goal is to buy a smart amount of coverage at the best possible price, not the least amount of coverage.

Some insurance companies do not provide online quoting and usually these small, regional companies sell through independent agents. Cheaper Honda Accord insurance in Greensboro can be found online and from local insurance agents, so you need to compare both in order to have the best price selection to choose from.

Steps to buying cheaper Honda Accord insurance in Greensboro

The easiest way to find more affordable Honda Accord insurance in Greensboro is to make a habit of regularly comparing prices from insurers who sell auto insurance in North Carolina. You can compare prices by following these guidelines.

1. Learn about what coverages are included in your policy and the steps you can take to prevent expensive coverage. Many risk factors that increase rates like traffic tickets, fender benders, and a poor credit rating can be rectified by paying attention to minor details.
2. Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from a single company like Progressive or State Farm, while agents who are independent can provide rate quotes from multiple insurance companies.
3. Compare the new rate quotes to your existing rates to see if a cheaper rate is available in Greensboro. If you can save money and decide to switch, make sure coverage does not lapse between policies.
4. Notify your company or agent of your intent to cancel your existing policy and submit a down payment along with a signed application for the new coverage. Immediately upon receiving it, keep your new certificate of insurance along with your vehicle registration.

One piece of advice is to use the same liability limits and deductibles on each quote and and to get price estimates from as many companies as you can. This provides a fair price comparison and the best price quote selection.

More information can be read below:

• Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
• Who Has Cheap Greensboro Auto Insurance for 19 Year Olds? (FAQ)
• Who Has Affordable Auto Insurance Rates for Nurses in Greensboro? (FAQ)
• Who Has Affordable Auto Insurance Rates for Retired Military in Greensboro? (FAQ)
• What Insurance is Cheapest for Veterans in Greensboro? (FAQ)
• Who Has Cheap Greensboro Car Insurance Rates for Business Use? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for a Toyota Highlander in Greensboro? (FAQ)
• What Car Insurance is Cheapest for a Toyota Corolla in Greensboro? (FAQ)
• Who Has Cheap Auto Insurance Rates for Handicapped Drivers in Greensboro? (FAQ)
• How Much is Car Insurance for a Dodge Ram in Greensboro? (FAQ)
• Who Has the Cheapest Auto Insurance for High School Students in Greensboro? (FAQ)
• How Does Hitting a Deer Impact Insurance Rates? (Allstate)
• What if I Can’t Find Coverage? (Insurance Information Institute)
• Cellphones, Texting and Driving (iihs.org)