Car Insurance Rate Quotes for a Honda Accord in Charlotte

Have you had enough of scraping nickels together to pay high insurance rates every month? Your situation is no different than many other North Carolina consumers.

A recent insurance study discovered that most consumers have bought insurance from the same company for a minimum of four years, and virtually 40% of consumers have never even compared rates from other companies. Many consumers in Charlotte can save hundreds of dollars each year just by shopping around, but they think it’s difficult to do a rate comparison.

Steps to buying lower priced Honda Accord insurance in Charlotte

The recommended way to find cheaper Honda Accord insurance in Charlotte is to compare prices at least once a year from different companies who sell auto insurance in North Carolina.

• First, gain an understanding of how your policy works and the modifications you can make to lower rates. Many rating criteria that are responsible for high rates such as at-fault accidents, careless driving, and a substandard credit score can be improved by making minor changes to your lifestyle.
• Second, obtain price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only quote rates from a single company like Progressive and State Farm, while independent agencies can quote prices from many different companies. View companies
• Third, compare the new rate quotes to the price on your current policy to determine if switching companies saves money. If you find a better price and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
• Fourth, provide proper notification to your current company to cancel your current coverage and submit the completed application along with a down payment for the new coverage. As soon as you receive it, place the new certificate verifying proof of insurance along with the vehicle’s registration papers.

One tip to remember is that you’ll want to compare similar coverage information on every quote and and to get rate quotes from as many companies as feasibly possible. Doing this guarantees a fair price comparison and a thorough selection of prices.

Many auto insurance companies vie for your business, so it’s not easy to compare every provider to get the lowest price on Honda Accord insurance in Charlotte.

If you are already insured or need a new policy, you can use this information to find the best rates while maximizing coverage. Finding affordable insurance coverage in Charlotte can be much easier if you know how to start. You just need to use the proper way to compare rates from many companies at once.

Save money on Honda Accord insurance in Charlotte with these discounts

Companies that sell car insurance don’t always list every available discount in an easy-to-find place, so we researched a few of the more common in addition to some of the lesser obvious discounts that you can inquire about if you buy Charlotte auto insurance online.

• Paper-free Discount – Many larger companies may give you up to $50 get Charlotte auto insurance online.
• More Vehicles More Savings – Buying coverage for multiple cars with the same insurance company could earn a price break for each car.
• Seat Belt Discounts – Drivers who always wear seat belts and also require passengers to wear their seat belts could save 15% on the medical payments or PIP coverage costs.
• Discount for Passive Restraints – Cars that have air bags and/or automatic seat belt systems could see savings as much as 30%.
• Drivers Education – Have your child participate in a local driver’s education class as it will make them better drivers and lower rates.
• Discount for Life Insurance – Insurance companies who offer life insurance give a lower price if you buy some life insurance too.

We need to note that most of the big mark downs will not be given to the overall cost of the policy. A few only apply to the price of certain insurance coverages like liability and collision coverage. Despite the appearance that you would end up receiving a 100% discount, that’s just not realistic.

The illustration below shows the difference between Honda Accord yearly insurance costs with and without discounts applied. The data assumes a male driver, no claims or 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 claim-free, multi-car, safe-driver, multi-policy, homeowner, and marriage discounts applied.

A list of insurance companies and their offered discounts are outlined below.

• State Farm offers discounts including good student, Drive Safe & Save, multiple autos, anti-theft, safe vehicle, student away at school, and multiple policy.
• American Family may offer discounts for multi-vehicle, good student, good driver, early bird, mySafetyValet, bundled insurance, and Steer into Savings.
• GEICO discounts include anti-theft, military active duty, air bags, multi-vehicle, driver training, emergency military deployment, and federal employee.
• 21st Century policyholders can earn discounts including student driver, driver training, teen driver, theft prevention, 55 and older, and defensive driver.
• Progressive may have discounts that include multi-vehicle, online signing, multi-policy, online quote discount, and homeowner.

It’s a good idea to ask every insurance company which discounts you qualify for. Some of the discounts discussed earlier may not apply to policies in your state. To locate providers who offer insurance discounts in North Carolina, click here.

The quickest method we recommend to compare rates for Honda Accord insurance in Charlotte utilizes the fact most insurance companies have advanced systems to provide you with a free rate quote. All you need to do is take a few minutes to give details such as if you lease or own, if you went to college, how many miles driven, and driver ages. The data is submitted instantly to multiple insurance providers and you get price estimates with very little delay.

If you would like to start a quote now, click here then complete the form.

The companies in the list below provide free quotes in North Carolina. If you wish to find cheaper car insurance in North Carolina, it’s a good idea that you click on several of them in order to get a fair rate comparison.

Honda Accord coverage analysis

The premium table displayed next highlights a range of insurance policy prices for Honda Accord models. Understanding how policy rates are established can assist in making smart choices when selecting a coverage provider.

Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Price information does not factor in specific Charlotte garaging location which can increase or decrease auto insurance rates significantly.

An analysis of deductible level

One of the hardest decisions when shopping for car insurance is where to set your physical damage deductibles. The tables below illustrate the differences in price when you choose different comp and collision deductibles. The first price estimate table uses a $100 physical damage coverage deductible and the second set of rates uses a $500 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Rates do not factor in the specific area where the vehicle is garaged which can increase or decrease rates greatly.

We can estimate from the data above that using a $100 deductible costs roughly $16 more each month or $192 for a full year than selecting the higher $500 deductible. Since you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to have at least 25 months between claims, you would probably be better off if you choose the higher deductible. Here’s how you can decide this on your own policy.

One big caveat is that higher deductibles means you will have to cover more of the damage yourself when you have a claim. You will want to have some non-essential savings in the event you have to pay the higher deductible.

Full coverage versus liability only rates

The illustration below visualizes the comparison of Honda Accord insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes no violations or accidents, $250 deductibles, marital status is single, and no discounts are applied to the premium.

When to stop buying full coverage

There is no set rule of when to stop paying for physical damage coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

For example, let’s pretend your Honda Accord replacement cost is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company would pay you is $6,000 after paying your deductible. If it’s costing in excess of $600 annually for your policy with full coverage, then it might be time to consider dropping full coverage.

There are some situations where dropping full coverage is not a good plan. If you haven’t paid off your loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should maintain full coverage.

Quote Honda Accord Insurance for Less

Lots of things are taken into consideration when quoting car insurance. Some of the criteria are obvious such as traffic violations, but some are more obscure such as your credit history or your financial responsibility.

The itemized list below are some of the factors auto insurance companies consider when setting rates.

• Employer stress can make you pay more – Occupations such as doctors, executives, and stock brokers generally have higher rates than the rest of us in part from stressful work requirements and lots of time spent at work. Conversely, professions such as farmers, athletes and performers have the lowest average rates.
• Rural vs Urban Areas – Choosing to live in a small town can save you money when it comes to auto insurance. People who live in big cities tend to have more traffic problems and longer commute times. Less people living in that area means a lower chance of having an accident.
• Eliminate unneeded add-on coverages – Insurance companies have many additional extra coverages that can waste your money if you aren’t diligent. Coverage for things like roadside assistance, high-cost glass coverage, and extra life insurance coverage could be just wasting money. They may seem good when deciding what coverages you need, but your needs may have changed so eliminate them to save money.

• Fast cars cost more to insure – The type of car or truck you need insurance for makes a substantial difference in your premium level. Lower performance four cylinder passenger cars usually are quite affordable to insure, but your final cost has many other factors.

  The following data assumes a married male driver age 50, full coverage with $500 deductibles, and no discounts or violations. The chart compares Honda Accord car insurance rates compared to other makes and models that have a range of performances.

• Alarms and GPS tracking lowers premiums – Selecting a car model with advanced anti-theft systems can help lower your rates. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart car theft.

• Which gender costs less? – Statistics demonstrate women tend to be less risk to insure than men. The data does not necessarily mean that women are BETTER drivers than men. Men and women are in fender benders in similar percentages, but men tend to have higher claims. In addition to higher claims, males also receive more major tickets like DWI (DUI) or reckless driving. Young men ages 16 to 20 generally have the highest accident percentage and are penalized with high auto insurance rates.

  The chart below compares Honda Accord yearly insurance costs for male and female drivers. The rates are based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, single marital status, and no discounts are taken into consideration.

• Insurance loss data for a Honda Accord – Insurance companies include the past claim trends for vehicles when determining insurance costs. Vehicles that have higher losses will have increased rates.

  The information below illustrates the compiled insurance loss statistics for Honda Accord vehicles. For each coverage type, the loss probability for all vehicles compiled together equals 100. Values that are below 100 suggest losses that are better than average, while numbers that are greater than 100 point to more losses or larger claims.

  
  

  Honda Accord Insurance Claim Statistics

  Specific Honda Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Honda Accord	91	85	90	122	117	94
  Honda Accord Hybrid	96	80	98	89	76	84
  Honda Accord Crosstour 4dr 2WD	85	97	83	122	113	94
  Honda Accord Crosstour 4dr 4WD	99	102	94	120	93

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Don’t I need to contact a local insurance agent?

A lot of people would rather go talk to an agent and there is nothing wrong with that. Professional agents are trained risk managers and help submit paperwork. An additional benefit of getting free rate quotes online is you may find lower prices but also keep your business local.

To help locate an agent, after submitting this quick form, the coverage information is instantly submitted to local insurance agents in Charlotte that provide free Charlotte auto insurance quotes for your insurance coverage. It makes it easy because there is no need to leave your house because prices are sent immediately to your email address. If for some reason you want to compare rates from a specific auto insurance provider, feel free to jump over to their website and fill out their quote form.

Deciding on an company shouldn’t rely on just the quoted price. The questions below may impact your decision as well.

• What company holds the largest book of business for them?
• Where would glass claims be handled in Charlotte?
• Is the agent CPCU or CIC certified?
• Are you getting all the discounts the company offers?
• Do they prorate repair cost based on vehicle mileage?
• If your car is in the repair shop, do you have coverage for a rental car?

If you are searching for a reliable insurance agent, you should know the types of agencies and how they differ in how they quote coverages. Agents can either be independent agents or exclusive agents depending on their employer. Both types can sell affordable auto insurance policies, but it’s important to know why they differ because it may have an impact on which type of agent you select.

Exclusive Insurance Agencies

These type of agents work for only one company like Farmers Insurance or State Farm. They generally cannot compare other company’s rates so they really need to provide good service. They receive extensive training on their company’s products and that can be a competitive advantage.

The following are Charlotte exclusive insurance agents who may provide you with price quote information.

View more agents

Independent Insurance Agents

Independent agencies are not required to write business for one company so they can insure your vehicles with a variety of different insurance companies and find you cheaper rates. To move your coverage to a new company, the agent simply finds a different carrier and the insured can keep the same agent. When comparing auto insurance prices, it’s recommended you include price quotes from a few independent agents in order to compare the most rates.

Below is a short list of independent agents in Charlotte who can help you get price quotes.

View more agents

Once you have positive feedback to any questions you have and a good coverage price, you may have found an insurance agent that meets the requirements to properly service your auto insurance policy.

It may be expensive, but it’s not optional

Despite the potentially high cost of Honda Accord insurance, buying car insurance is required by state law in North Carolina and it also provides benefits you may not be aware of.

• The majority of states have mandatory liability insurance requirements which means the state requires a specific minimum amount of liability protection in order to drive the car 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 you have a lien on your Honda Accord, more than likely the lender will require you to have physical damage coverage to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Honda for a lot more money and force you to reimburse them the higher price.
• Insurance protects both your vehicle and your personal assets. It will also cover hospital and medical expenses for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, will also pay attorney fees if someone files suit against you as the result of an accident. If you have damage to your Honda as the result of the weather or an accident, collision and comprehensive coverages will pay to repair the damage minus the deductible amount.

The benefits of buying car insurance more than cancel out the cost, especially for larger claims. According to a recent study, the average American driver overpays as much as $865 each year so we recommend shopping around at every policy renewal to make sure the price is not too high.

Lower rates by being persistent

Lower-priced auto insurance in Charlotte is possible both online as well as from insurance agents, and you should be comparing both in order to have the best chance of saving money. Some insurance companies may not have internet price quotes and these regional insurance providers prefer to sell through independent agents.

When searching for affordable Charlotte auto insurance quotes, it’s very important that you do not reduce coverage to reduce premium. There have been many situations where an insured dropped physical damage coverage only to find out they didn’t purchase enough coverage. The proper strategy is to find the BEST coverage at the best cost, but don’t skip important coverages to save money.

How to buy lower priced Honda Accord insurance in Charlotte

It takes a little time, but the best way to find more affordable Honda Accord insurance in Charlotte is to make a habit of regularly comparing prices from companies in North Carolina.

Step 1: Take a little time to learn about auto insurance and the measures you can take to keep rates down. Many things that cause high rates such as accidents, careless driving, and an unacceptable credit rating can be remedied by making small lifestyle or driving habit changes.

Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can provide rates from a single company like Progressive or Farmers Insurance, while independent agencies can give you price quotes for a wide range of insurance providers. View prices

Step 3: Compare the new quotes to your current policy to determine if switching companies saves money. If you can save some money and switch companies, verify that coverage does not lapse between policies.

Step 4: Give notification to your current company to cancel your current coverage and submit the application along with any required down payment to the new company. Once received, place your new certificate of insurance along with the vehicle’s registration papers.

The key aspect of shopping around is that you’ll want to make sure you compare the same amount of coverage on every quote and and to get rate quotes from as many auto insurance providers as possible. Doing this provides the most accurate price comparison and a thorough selection of prices.

Additional resources

• Vehicle Size and Weight FAQ (iihs.org)
• Who Has Cheap Charlotte Car Insurance for Unemployed Drivers? (FAQ)
• Who Has the Cheapest Charlotte Auto Insurance for a Toyota Highlander? (FAQ)
• Who Has the Cheapest Auto Insurance for a Toyota Tacoma in Charlotte? (FAQ)
• Who Has Cheap Auto Insurance Quotes for Business Use in Charlotte? (FAQ)
• Who Has the Cheapest Car Insurance for 19 Year Olds in Charlotte? (FAQ)
• Which Company has the Cheapest Auto Insurance in Charlotte, NC? (FAQ)
• Choosing an Insurance Company (Insurance Information Institute)
• Neck Injury FAQ (iihs.org)
• Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
• What are my Rights when Filing a Claim? (Insurance Information Institute)