Insurance quote for Honda Accord in PhiladelphiaDo you need a better way to compare lower-priced insurance rates in Philadelphia, PA? Philadelphia buyers have many options when searching for the lowest priced Honda Accord insurance. You can either spend your time calling around getting price quotes or utilize the internet to compare rates.

There is a right way and a wrong way to compare insurance rates so we're going to tell you the proper way to price shop coverage on a Honda and obtain the lowest possible price.

Our goal in writing this article help you learn how car insurance works. If you have coverage now, you will surely be able to get lower rates using this information. Drivers just have to understand the most time-saving way to shop from many different companies online.

Best Honda Accord insurance prices in Pennsylvania

The providers in the list below provide price quotes in Pennsylvania. In order to find cheaper auto insurance in Pennsylvania, we recommend you visit two to three different companies to get the most competitive price.

Honda Accord Insurance Price Estimates in Philadelphia, PA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $138 $236 $264 $16 $78 $732 $61
Accord LX 4-Dr Sedan $132 $218 $286 $16 $86 $738 $62
Accord EX 4-Dr Sedan $202 $324 $288 $18 $86 $918 $77
Accord LX-P 4-Dr Sedan $124 $204 $288 $18 $86 $720 $60
Accord LX-P 4-Dr Sedan $134 $254 $338 $20 $102 $848 $71
Accord EX-L 4-Dr Sedan $218 $420 $316 $18 $94 $1,066 $89
Accord EX 2-Dr Coupe $232 $464 $384 $22 $114 $1,216 $101
Accord LX-S 2-Dr Coupe $136 $312 $420 $24 $126 $1,018 $85
Accord EX-L 2-Dr Coupe $278 $494 $380 $22 $114 $1,288 $107
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Price data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Pennsylvania minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Premium amounts do not factor in garaging location in Philadelphia which can alter auto insurance rates greatly.

Can higher deductibles save money?

One of the more difficult decisions when buying car insurance is how high or low should comp and collision deductibles be. The comparisons below summarize the cost difference between high and low policy deductibles. The first pricing table uses a $250 deductible and the second pricing table uses a $500 deductible.

Honda Accord insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $222 $352 $280 $16 $84 $979 $82
Accord LX 4-Dr Sedan $222 $352 $280 $16 $84 $979 $82
Accord EX 4-Dr Sedan $222 $352 $280 $16 $84 $979 $82
Accord LX-P 4-Dr Sedan $222 $352 $280 $16 $84 $979 $82
Accord LX-P 4-Dr Sedan $222 $352 $280 $16 $84 $979 $82
Accord EX-L 4-Dr Sedan $254 $428 $280 $16 $84 $1,087 $91
Accord EX 2-Dr Coupe $254 $506 $372 $22 $112 $1,291 $108
Accord LX-S 2-Dr Coupe $254 $506 $372 $22 $112 $1,291 $108
Accord EX-L 2-Dr Coupe $288 $506 $372 $22 $112 $1,325 $110
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Honda Accord insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $180 $284 $280 $16 $84 $844 $70
Accord LX 4-Dr Sedan $180 $284 $280 $16 $84 $844 $70
Accord EX 4-Dr Sedan $180 $284 $280 $16 $84 $844 $70
Accord LX-P 4-Dr Sedan $180 $284 $280 $16 $84 $844 $70
Accord LX-P 4-Dr Sedan $180 $284 $280 $16 $84 $844 $70
Accord EX-L 4-Dr Sedan $206 $346 $280 $16 $84 $932 $78
Accord EX 2-Dr Coupe $206 $408 $372 $22 $112 $1,120 $93
Accord LX-S 2-Dr Coupe $206 $408 $372 $22 $112 $1,120 $93
Accord EX-L 2-Dr Coupe $234 $408 $372 $22 $112 $1,148 $96
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Prices do not factor in the specific area where the vehicle is garaged which can influence premiums noticeably.

Based on this data, using a $250 deductible costs about $13 more each month or $156 annually than buying the higher $500 deductible. Since the policyholder would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you usually have more than 19 months between claim filings, you would probably save some money by going with a higher deductible.

How to calculate deductible break even point

Average monthly premium for $250 deductibles: $92
Average monthly premium for $500 deductibles (subtract): - $79
Monthly savings from raising deductible: $13
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $13
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

One thing to note is that increasing deductibles to save money means you will have to pay more of your own money when you do file a claim. You must have enough money stashed away in order to pay the deductible.

Cost comparison with and without full coverage

The information below illustrates the difference between Honda Accord auto insurance rates when comparing full coverage to state minimum liability only. The premium estimates are based on no driving violations, no at-fault accidents, $250 deductibles, single male driver, and no discounts are taken into consideration.

Should you buy full coverage or liability only?

There is no set guideline for dropping full coverage, but there is a general guideline. If the annual cost of coverage is more than around 10% of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.

For example, let's pretend your Honda Accord book value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,000 after you pay the deductible. If you are paying over $500 annually for full coverage, then you might want to think about dropping full coverage.

There are some situations where dropping full coverage is not financially feasible. If you still owe a portion of the original loan, you have to keep full coverage in order to keep the loan. Also, if you can't afford to buy a different vehicle in the even your car is totaled, you should not buy liability only.

Impact of age and gender on car insurance rates

The chart below illustrates the comparison of Honda Accord auto insurance rates for male and female drivers. The premium estimates are based on a clean driving record, no at-fault accidents, comp and collision included, $500 deductibles, drivers are single, and no other discounts are factored in.

Discounts mean cheaper rates for Honda Accord insurance in Philadelphia

Some companies don't always list every available discount in a way that's easy to find, so the below list has a few of the more common in addition to some of the lesser obvious savings tricks you should be using when you buy Philadelphia auto insurance online.Discount auto insurance

Consumers should know that some of the credits will not apply to the overall cost of the policy. Most only cut specific coverage prices like physical damage coverage or medical payments. If you do the math and it seems like all those discounts means the company will pay you, you aren't that lucky.

Companies and their possible discounts are shown below.

If you need lower rates, check with every company which discounts can lower your rates. A few discounts may not apply to policies in Philadelphia.

When do I need an agent's advice?

When it comes to buying the right insurance coverage, there isn't really a single plan that fits everyone. Your financial needs are unique.Higher deductibles save money

For instance, these questions may help highlight if you could use an agent's help.

If you can't answer these questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, fill out this quick form. It only takes a few minutes and you can get the answers you need.

Local neighborhood insurance agents

Certain consumers prefer to visit with an insurance agent and there is nothing wrong with that. Good agents can make sure you are properly covered and help you file claims. The biggest benefit of comparing rates online is you can get better rates but also keep your business local. And buying from local insurance agents is important particularly in Philadelphia.

By using this form (opens in new window), the coverage information is emailed to local insurance agents who will return price quotes for your business. You never need to visit any agencies because prices are sent to you directly. If you need to compare prices from one company in particular, just jump over to their website to submit a rate quote request.

If you're trying to find local Philadelphia agents, you need to know there are two types of insurance agents and how they work. Auto insurance policy providers can be described as either independent agents or exclusive agents. Both types can sell auto insurance policies, but it's important to point out the difference in the companies they write for because it may have an impact on your agent selection.

Independent Auto Insurance Agencies

Agents that choose to be independent often have affiliation with several companies so as a result can place your coverage with multiple insurance companies and find the cheapest auto insurance rates. If premiums increase, they can switch companies in-house and you don't have to do anything. When comparing auto insurance prices, it's recommended you include a few independent agents so that you have a good selection of quotes to compare. Most also have access to smaller companies which can save you money.

The following are independent agents in Philadelphia that may be able to provide price quotes.

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Exclusive Agents

Exclusive agents normally can only provide a single company's rates and some examples include Farmers Insurance or State Farm. These agents are unable to shop your coverage around so they are skilled at selling on more than just price. These agents receive a lot of sales training on their company's products which helps offset the inability to provide other markets. Consumers sometimes use the same exclusive agent primarily because of high brand loyalty rather than low rates.

Shown below are exclusive agencies in Philadelphia that can give you comparison quotes.

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Deciding on an insurance agent should include more criteria than just a cheap price. Agents should be asked these questions:

Advertising and car insurance

Pennsylvania consumers can't get away from ads that claim the best premium rates from the likes of GEICO, State Farm and Progressive. All the ads have a common claim that drivers can save some big amount if you move to their company.

How do they all sell you cheaper insurance coverage? It's all in the wording.

Insurance providers can use profiling for a prospective insured that will most likely be profitable. An example of a desirable risk might have to be between 25 and 40, has other policies, and drives a car with an anti-theft system. Anyone who fits those characteristics will get a cheap rate quote in Philadelphia and will save when they switch companies.

Drivers who don't measure up to the ideal profile will see a higher rate which results in business not being written. The trick is to say "customers who switch" not "everybody who quotes" save that much. That's why insurance companies can confidently state the savings.

Because each company has a different risk profile, drivers should quote coverage with many companies. It's just too difficult to predict the company that will give you lower premium rates than your current company.

Coverage specifics

Understanding the coverages of your policy aids in choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring.

Coverage for uninsured or underinsured drivers

This coverage gives you protection from other motorists when they are uninsured or don't have enough coverage. Covered claims include hospital bills for your injuries as well as damage to your Honda Accord.

Since a lot of drivers carry very low liability coverage limits (15/30/5), it doesn't take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Normally your uninsured/underinsured motorist coverages are identical to your policy's liability coverage.

Collision coverage

Collision insurance will pay to fix damage to your Accord from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision insurance covers things like crashing into a ditch, backing into a parked car and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to increase the deductible on your Accord to get cheaper collision coverage.

Comprehensive insurance

This coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like a broken windshield, theft, a tree branch falling on your vehicle and rock chips in glass. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle's value it's not worth carrying full coverage.

Coverage for medical expenses

Med pay and PIP coverage pay for expenses for dental work, EMT expenses, doctor visits, pain medications and chiropractic care. They are often used to fill the gap from your health insurance plan or if you are not covered by health insurance. Coverage applies to you and your occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Liability coverages

Liability insurance provides protection from damage or injury you incur to people or other property that is your fault. It protects YOU from claims by other people, and doesn't cover your injuries or vehicle damage.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 15/30/5 which means a limit of $15,000 per injured person, $30,000 for the entire accident, and $5,000 of coverage for damaged property. Another option is a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against things such as repair bills for other people's vehicles, court costs, legal defense fees and medical services. How much liability should you purchase? That is a decision to put some thought into, but you should buy higher limits if possible. Pennsylvania requires minimum liability limits of 15/30/5 but it's recommended drivers buy more liability than the minimum.

Cheap auto insurance rates are possible

In this article, we presented some good ideas how you can compare Honda Accord insurance rates in Philadelphia. The key thing to remember is the more price quotes you have, the better likelihood of getting the cheapest Honda Accord rate quotes. You may even be surprised to find that the lowest priced auto insurance comes from a small mutual company.

When getting Philadelphia auto insurance quotes online, don't be tempted to reduce needed coverages to save money. In many instances, someone dropped physical damage coverage only to regret at claim time that the savings was not a smart move. The aim is to find the BEST coverage at an affordable rate, not the least amount of coverage.

People leave their current company for a number of reasons such as extreme rates for teen drivers, poor customer service, policy cancellation and high rates after DUI convictions. Whatever your reason, choosing a new insurance company is pretty easy and you might even save some money in the process.

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