Best Honda Accord Insurance in Albuquerque

Are you tired of overpaying and want more competitive car insurance rates in Albuquerque, NM? Albuquerque shoppers have many options when shopping for the best price on Honda Accord insurance. You can either waste hours contacting agents to compare prices or utilize the internet to compare rates.

There is a better way to compare car insurance rates and we’ll show you the quickest way to price shop coverage on a Honda and obtain the cheapest rates from Albuquerque insurance agents and online providers.

It’s an obvious assumption that auto insurance companies want to keep you from comparing rates. Insureds who rate shop once a year are highly likely to switch car insurance companies because there is a good probability of finding a cheaper policy. A recent survey revealed that people who made a habit of comparing rates saved as much as $3,450 over four years as compared to drivers who don’t make a habit of comparing rates.

If finding low prices for Honda Accord insurance in Albuquerque is why you’re here, then understanding how to quote prices and compare car insurance can make it easier to find better rates.

If you have a current auto insurance policy or need new coverage, use these cost-cutting techniques to save money without reducing coverage. The purpose of this post is to teach you a little about the most effective ways to compare rates and also save some money in the process Drivers just need to know the most effective way to shop from many different companies.

The majority of larger companies like 21st Century, Allstate and State Farm give prices for coverage directly from their websites. This process is easy for anyone as you simply enter the amount of coverage you want into the form. When the form is submitted, their system orders your credit score and driving record and generates a price.

Being able to quote online for Honda Accord insurance in Albuquerque makes it simple to compare prices and it’s also necessary to do this if you want to find lower-cost prices.

To fill out one form to compare multiple rates now, compare rates from the companies below. If you currently have coverage, we recommend that you enter the limits and deductibles exactly as they are listed on your policy. This helps ensure you will get a rate comparison based on the exact same insurance coverage.

The following companies are ready to provide comparison quotes in New Mexico. To find cheap car insurance in New Mexico, we suggest you visit several of them in order to find the cheapest rates.

Rates and other information

The rate table below covers different rate quotes for Honda Accord models. Having a better understanding of how premiums are formulated can benefit drivers when making decisions when shopping your coverage around.

Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Rate information does not factor in specific zip code location which can impact premiums significantly.

Raise deductibles and save

The hardest decision when buying coverage is the level to set your comp and collision deductibles. The tables below help summarize how much more you’ll pay when you buy lower versus higher physical damage coverage deductibles. The first rate comparisons uses a $250 deductible and the second price table uses a $500 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Mexico minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Table data does not factor in vehicle garaging location which can influence premium rates considerably.

Based on these figures, using a $250 deductible could cost the average driver approximately $13 more each month or $156 every year across all Honda Accord models than selecting the higher $500 deductible. Since 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 average at a minimum 19 months between claim filings, you would probably be better off if you decide on a higher deductible.

Auto insurance cost for men versus women in Albuquerque

The illustration below illustrates the difference between Honda Accord insurance prices for male and female drivers. The rate quotes are based on no claims or driving violations, comp and collision included, $250 deductibles, single status, and no discounts are factored in.

Three reasons insurance is important

Despite the high cost, maintaining insurance is required by state law in New Mexico and it also provides benefits you may not be aware of.

• The majority of states have compulsory liability insurance requirements which means the state requires a minimum amount of liability insurance coverage if you drive a vehicle. In New Mexico these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If your Honda has a lienholder, it’s most likely the lender will stipulate that you buy full coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the bank will be required to insure your Honda at a significantly higher premium and require you to reimburse them a much higher amount than you were paying before.
• Insurance safeguards not only your Honda but also your assets. It will also reimburse you for medical transport and hospital expenses for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, your insurance policy will pay to restore your vehicle to like-new condition.

The benefits of having insurance definitely exceed the cost, especially if you ever need it. On average, a vehicle owner in Albuquerque overpays as much as $869 every year so smart consumers compare quotes at every renewal to ensure rates are competitive.

Lower Your Albuquerque Insurance Premiums

It’s important that you understand some of the things that come into play when calculating the rates you pay for auto insurance. When you understand what influences your rates, this empowers consumers to make smart changes that will entitle you to better auto insurance rates. Many factors are considered when you quote your car insurance policy. Some are obvious like an MVR report, but other criteria are less apparent like your continuous coverage or your commute time.

Listed below are some of the major factors that factor into your rate level.

• Performance impacts insurance prices – The type of car, truck or SUV you are trying to find cheaper insurance for makes a huge difference in your rates. Economy passenger cars generally have the cheapest insurance rates, but your final cost has many other factors.

  The data below uses these variables: married male driver age 40, full coverage with $500 deductibles, and no discounts or violations. It illustrates Honda Accord rates compared to other makes and models that have a range of performances.

• How’s your driving record? – A bad driving record impacts premiums far more than you think. Careful drivers get better prices compared to drivers with tickets. Even a single citation may increase your cost by twenty percent. Drivers who have received careless violations such as DUI, reckless driving or excessive speeding may face state-mandated requirements to file a SR-22 with their state’s licensing department in order to prevent a license revocation.

  The information below shows how violations and at-fault collisions can impact Honda Accord insurance prices for each age group. The data assumes a married female driver, comprehensive and collision coverage, $500 deductibles, and no additional discounts are factored in.

• Policy add-ons can waste money – There are a lot of extra coverages you can purchase if you aren’t diligent. Insurance for things like roadside assistance, towing, and extra equipment coverage could be just wasting money. You may think they are a good idea when talking to your agent, but now you might not need them so think about removing them and cutting costs.

• Teen drivers pay higher prices – Teenage drivers in New Mexico are statistically shown to be more careless when driving and because of this, their auto insurance rates are much higher. If you’ve ever had to add a inexperienced driver onto a policy can be very expensive. Older people are shown to be more cautious, cause fewer claims and accidents, and tend to be get fewer driving tickets.

  The following data is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.

• Pay lower rates if you’re married – Being married may save some money on your policy. Having a spouse usually means you are more stable financially and it’s proven that married couples file fewer claims.

• Honda Accord insurance claim data – Car insurance companies use historical loss data to help set a rate to offset losses. Models that tend to have higher loss trends will be charged more to insure. The table below outlines the compiled insurance loss statistics for Honda Accord vehicles.

  For each coverage category, the claim amount for all vehicles averaged together is equal to 100. Values that are below 100 indicate a favorable loss history, while values that are 100 or greater point to more losses or tendency to have larger claims.

  
  

  Honda Accord Insurance Loss 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 from IIHS.org for 2013-2015 Model Years

Do I just need basic coverages?

Always keep in mind that when comparing the best car insurance coverage, there isn’t really a cookie cutter policy. Every insured’s situation is different so this has to be addressed.
For instance, these questions can help discover whether your personal situation would benefit from an agent’s advice.

• Is my state a no-fault state?
• What does roadside assistance cover?
• What is glass protection for?
• Is my nanny covered when transporting my kids?
• Do I have coverage if I rent a car in Mexico?
• Do I need rental car coverage?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of car insurance companies in your area. It only takes a few minutes and you can get the answers you need.

Persistence pays off

Throughout this article, we presented many ideas to lower your Honda Accord insurance prices in Albuquerque. The key concept to understand is the more times you quote, the higher the chance of saving money. You may even be surprised to find that the lowest prices come from the smaller companies. Smaller companies may have significantly lower rates on certain market segments than the large multi-state companies such as State Farm, GEICO and Nationwide.

When shopping online for car insurance, don’t be tempted to buy lower coverage limits just to save a few bucks. In many cases, drivers have reduced collision coverage only to find out that a couple dollars of savings turned into a financial nightmare. Your strategy should be to get the best coverage possible at an affordable rate, but do not skimp to save money.

How to find the cheapest rates for Honda Accord insurance in Albuquerque

If your goal is the lowest price, then the best way to find cheaper Honda Accord insurance is to begin comparing prices regularly from providers who sell auto insurance in Albuquerque. This can be done by following these steps.

1. Take a little time to learn about how companies set rates and the factors you can control to drop your rates. Many things that cause rate increases like distracted driving and a substandard credit score can be remedied by making small lifestyle or driving habit changes.
2. Compare rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from a single company like GEICO and Allstate, while independent agents can quote prices for a wide range of companies.
3. Compare the price quotes to your existing coverage and see if there is a cheaper rate in Albuquerque. If you find a better price and switch companies, make sure there is no lapse in coverage.

The key thing to remember is that you use similar deductibles and liability limits on every price quote and and to look at as many companies as you can. This provides a level playing field and a better comparison of the market.

For more information, feel free to browse these articles:

• Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
• Who Has Affordable Auto Insurance for a Dodge Grand Caravan in Albuquerque? (FAQ)
• What Insurance is Cheapest for Hybrid Vehicles in Albuquerque? (FAQ)
• Who Has Cheap Car Insurance Rates for Teenagers in Albuquerque? (FAQ)
• Shopping for a Safe Car (Insurance Information Institute)
• Safety Features for Your New Car (State Farm)
• Where can I buy Insurance? (Insurance Information Institute)