Save Money on Honda Accord Insurance in Omaha

Smart shoppers know that car insurance companies don’t want policyholders to compare prices from other companies. Insureds who shop for lower prices will most likely switch auto insurance companies because of the high probability of finding coverage at a cheaper rate. Remarkably, a study showed that consumers who made a habit of comparing rate quotes saved an average of $860 a year compared to those who don’t make a habit of comparing rates.

If finding budget-friendly rates on Honda Accord insurance in Omaha is your intention, then learning about the best way to shop and compare car insurance can save time, money, and frustration.

If you want to save money, the best way to get affordable car insurance rates is to start comparing prices yearly from companies that insure vehicles in Omaha. Price quotes can be compared by following these guidelines.

1. Try to comprehend how auto insurance works and the things you can control to drop your rates. Many rating criteria that result in higher prices like speeding tickets, careless driving and bad credit can be remedied by making minor changes to your lifestyle. Keep reading for more information to help reduce prices and find discounts that may have been missed.
2. Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from a single company like GEICO or State Farm, while independent agencies can provide prices from multiple sources.
3. Compare the quotes to your current policy premium and determine if there is any savings. If you find better rates and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.

A tip to remember is to make sure you’re comparing the same deductibles and limits on every price quote and and to compare as many companies as feasibly possible. Doing this ensures the most accurate price comparison and the best rate selection.

Cheaper rates with these discounts

Insurance is neither fun to buy or cheap, but there could be significant discounts that can dramatically reduce your bill. Certain reductions will be credited when you quote, but occasionally some discounts must be requested specifically before they will apply.

• Senior Citizens – Seniors may qualify for lower premium rates.
• Air Bag Discount – Factory air bags can qualify for discounts of 20 to 30 percent.
• Braking Control Discount – Cars and trucks with anti-lock braking systems can stop better under adverse conditions and will save you 10% or more on Accord insurance in Omaha.
• Fewer Miles Equal More Savings – Maintaining low annual mileage could earn lower rates on the low mileage vehicles.
• Online Discount – Many insurance companies give back up to $50 get Omaha car insurance on their website.
• Student in College – Any of your kids who attend college more than 100 miles from Omaha and do not have a car can be insured at a reduced rate.
• Discount for Good Grades – This discount may save you up to 25%. Most companies allow this discount well after school through age 25.
• Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn better rates if you take out some life insurance in addition to your auto policy.
• No Charge for an Accident – This one is not really a discount per se, but certain companies will allow you to have one accident before your rates go up with the catch being you have to be claim-free prior to the accident.

You can save money using discounts, but many deductions do not apply to the entire cost. Some only reduce specific coverage prices like liability, collision or medical payments. So even though they make it sound like you could get a free insurance policy, it’s just not the way it works.

The example below illustrates the difference between Honda Accord annual premium costs with and without policy discounts. The information is based on a male driver, no claims or driving citations, Nebraska state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, multi-policy, marriage, homeowner, and claim-free discounts applied.

Larger insurance companies and a summarized list of policyholder discounts can be read below.

• American Family discounts include early bird, multi-vehicle, defensive driver, good student, TimeAway discount, air bags, and bundled insurance.
• Farm Bureau offers discounts including multi-vehicle, renewal discount, good student, multi-policy, 55 and retired, driver training, and safe driver.
• State Farm has discounts for passive restraint, multiple policy, student away at school, multiple autos, defensive driving training, driver’s education, and accident-free.
• Travelers offers premium reductions for new car, student away at school, multi-car, IntelliDrive, early quote, home ownership, and continuous insurance.
• The Hartford includes discounts for bundle, anti-theft, air bag, driver training, and good student.
• GEICO may include discounts for defensive driver, military active duty, anti-theft, anti-lock brakes, good student, multi-policy, and emergency military deployment.
• Progressive policyholders can earn discounts including homeowner, online quote discount, good student, continuous coverage, online signing, multi-vehicle, and multi-policy.

When getting free Omaha car insurance quotes, it’s a good idea to each company which credits you are entitled to. Some of the discounts discussed earlier may not be offered in your area.

Many insurance companies such as State Farm, GEICO and Progressive make it easy to get pricing direct online. Doing online price comparisons for Honda Accord insurance in Omaha is easy for anyone as all you need to do is type in the coverage amounts you desire into the quote form. When the form is submitted, their system will obtain reports for credit and driving violations and provides a quote determined by many factors. Getting online rates for Honda Accord insurance in Omaha makes it a lot easier to compare rates and it is imperative to do this if you want to find affordable insurance pricing.

To find out how much you’re overpaying now, take a look at the companies shown below. If you have your current policy handy, we recommend you copy your coverages identical to your current policy. This ensures you will have rate comparison quotes using the exact same coverages.

The companies shown below offer quotes in Nebraska. To get cheap car insurance in Nebraska, we recommend you compare several of them to get the best price comparison.

Honda Accord insurance statistics and information

The premium table displayed next showcases a range of rate quotes for Honda Accord models. Learning as much as possible about how insurance prices are determined is important for you to make decisions when shopping around.

Premium data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Table data does not factor in specific garaging location which can revise auto insurance rates substantially.

Auto insurance deductibles

One of the hardest decisions when shopping for auto insurance is how high should the physical damage coverage deductibles be. The figures shown below can help you visualize the cost difference when you buy lower versus higher policy deductibles. The first rate table uses a $250 deductible for comprehensive and collision coverage and the second price table uses a $1,000 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Price information does not factor in zip code location which can increase or decrease price quotes noticeably.

Based on the data above, we can derive that using a $250 deductible could cost the average driver approximately $20 more each month or $240 a year averaged for all Accord models than requesting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have at least 38 months between claims, you would most likely save money by selecting a higher deductible.

Rate comparison of male drivers versus female drivers

The illustration below shows the comparison of Honda Accord insurance costs for male and female drivers. The costs are based on no violations or claims, comprehensive and collision coverage, $100 deductibles, marital status is single, and no policy discounts are applied.

Full coverage rates vs. liability-only

The illustration below visualizes the comparison of Honda Accord car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Nebraska. The rates are based on no claims or violations, $1,000 deductibles, single marital status, and no other discounts are factored in.

Are you wasting money on full coverage?

There is no exact rule of when to stop paying for physical damage coverage on your policy, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Honda Accord settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would receive is $2,000 after paying the physical damage deductible. If you are paying more than $200 annually to have full coverage, then you may want to consider only buying liability coverage.

There are a few situations where eliminating full coverage is not in your best interest. If you still owe a portion of the original loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

Learn How to Lower Your Insurance Costs

Consumers need to have an understanding of a few of the rating criteria that play a part in calculating the rates you pay for insurance. When consumers understand what controls the rates you pay, this enables you to make decisions that can help you get better insurance rates. Lots of factors are part of the equation when premium rates are determined. Some are obvious like your driving record, but other factors are not as apparent such as whether you are married or your commute time.

Where you call home factors in – Being located in less populated areas has it’s advantages if you are looking for the lowest rates. People who live in big cities tend to have congested traffic and more time behind the wheel. Fewer people means less chance of accidents in addition to lower liability claims.

Commute or pleasure use – The higher the mileage driven in a year’s time the higher your rate. The majority of insurers calculate prices determined by how the vehicle is used. Cars that have low annual miles receive better premium rates than vehicles that have high annual mileage. Make sure your policy states the correct driver usage. An improperly rated Accord can cost quite a bit.

What’s your car’s NHTSA crash test rating? – Safer cars get lower rates. These vehicles reduce injuries and any reduction in injury severity translates directly to fewer claims which can mean better rates for you. If your Honda Accord scored at minimum four stars on Safercar.gov you are probably receiving a discount.

Always keep your insurance in force – Driving without insurance is a misdemeanor and your next policy will cost more because you let your insurance expire. In addition to paying higher premiums, being ticketed for driving with no insurance will get you fines and jail time.

Single drivers take more risk – Getting married actually saves money on insurance. It translates into being more mature than a single person and statistics show married couples file fewer claims.

Can a thief steal your car? – Choosing to buy a car with a theft deterrent system can save you some money. Theft deterrent systems such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping auto theft.

Keep insurance claims to a minimum – If you file a lot of claims you can definitely plan on higher premiums or even policy non-renewal. Auto insurance companies in Nebraska give most affordable rates to insureds who are not frequent claim filers. Insurance coverage is designed for major claims that would cause financial hardship.

Poor credit score equals high prices – Credit score will be a significant factor in calculating your premium rate. Drivers who have excellent credit scores tend to be better drivers and file fewer claims as compared to drivers with lower ratings. If your credit rating can use some improvement, you could save money insuring your Honda Accord by spending a little time repairing your credit.

Honda Accord insurance loss probability – Insurers use historical loss data in order to profitably underwrite each model. Vehicles that historically have high amounts or severity of claims will have higher premium rates. The data below shows the actual insurance loss data for Honda Accord vehicles.

For each policy coverage type, the statistical loss for all vehicles combined as an average is equal to 100. Values that are under 100 represent a good loss history, while percentage values above 100 point to more losses or statistically larger claims.

What if I want to buy from local Omaha insurance agencies?

Some people just prefer to talk to a local agent and doing that can be a smart decision Licensed agents can help you build your policy and help you file claims. One of the best bonuses of getting free rate quotes online is that you can obtain cheap auto insurance quotes but still work with a licensed agent. Supporting neighborhood insurance agencies is still important in Omaha.

To find an agent, once you fill out this form (opens in new window), your insurance data is emailed to companies in Omaha that give free quotes for your auto insurance coverage. You won’t even need to do any legwork due to the fact that quote results will go immediately to your email address. If for some reason you want to compare prices from one company in particular, you can always go to their quote page and complete a quote there.

When searching for an insurance agent, it helps to know the two types of insurance agents that differ in how they can insure your vehicles. Auto insurance agents in Omaha are classified as either independent (non-exclusive) or exclusive. Either one can provide auto insurance policies, but it’s important to point out how they differ since it can impact the kind of agent you use.

Independent Auto Insurance Agents

These agents are appointed with more than one company so they have the ability to put coverage with lots of companies and help determine which has the cheapest rates. If they find a lower price, your policy is moved internally and you can keep the same agent. When searching for an agent, it’s a good idea to check rates from independent agents to have the most options to choose from.

Below is a list of independent insurance agents in Omaha that can give you free auto insurance rate quotes.

View more Omaha agents

Exclusive Insurance Agents

Exclusive agents can usually just insure with one company like Farmers Insurance, State Farm, or Allstate. These agents are not able to provide prices from multiple companies so always compare other rates. Exclusive insurance agents receive extensive training on sales techniques which helps offset the inability to provide other markets.

The following are Omaha exclusive insurance agents that can give you rate quotes.

View more Omaha agents

Choosing an auto insurance agent is decision based upon more than just a low price. These are valid questions to ask:

• How much will you save each year by using a higher deductible?
• How would your car be valued if totaled?
• Does the agency provide any after hours assistance?
• Are claim adjusters local or do you have to take your car somewhere else?
• Do the coverages you’re quoting properly cover your vehicle?
• Is the agency active in community causes in Omaha?

Why you need insurance

Despite the high cost, insurance serves an important purpose.

First, the majority of states have mandatory liability insurance requirements which means you are required to buy a minimum amount of liability 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.

Second, if you have a loan on your Honda Accord, most lenders will require you to buy full coverage to ensure they get paid if you total the vehicle. If the policy lapses, the lender may have to buy a policy to insure your Honda for a much higher rate and force you to pay the higher price.

Third, insurance protects both your Honda and your assets. It will also provide coverage for medical transport and hospital expenses for yourself as well as anyone injured by you. As part of your policy, liability insurance will also pay attorney fees if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay to repair the damage.

The benefits of having insurance are without a doubt worth the cost, specifically if you ever have a liability claim. According to a recent study, the average American driver overpays as much as $869 every year so it’s recommended you shop around at every renewal to help ensure money is not being wasted.

Persistence pays off

A few companies may not provide rate quotes online and most of the time these regional insurance providers provide coverage only through independent insurance agents. Lower-priced Honda Accord insurance in Omaha is attainable both online and from local agencies, and you need to price shop both to have the best rate selection.

As you prepare to switch companies, it’s not a good idea to reduce needed coverages to save money. In many cases, drivers have reduced collision coverage only to discover later that it was a big mistake. Your goal is to purchase a proper amount of coverage at a price you can afford, but do not sacrifice coverage to save money.

Additional information

• Preventing Carjacking and Theft (Insurance Information Institute)
• What Car Insurance is Cheapest for Immigrants in Omaha? (FAQ)
• Who Has Affordable Auto Insurance for Young Drivers in Omaha? (FAQ)
• Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
• Uninsured Motorist Statistics (Insurance Information Institute)