Feel like you have overpriced Honda Accord insurance in Worcester? Trust us when we tell you many Worcester consumers are in the same pinch.
A recent NerdWallet.com study revealed that most auto insurance buyers kept buying from the same company for at least the last four years, and almost half have never shopped around. Drivers in Worcester can cut their rates by roughly $590 a year, but they mistakenly think it's difficult to compare rate quotes online.
Companies like Allstate, Liberty Mutual and State Farm promote their brand names with ads and it is challenging if not impossible to sift through the bull and take the time to shop coverage around.
It's a great practice to quote other rates before your next renewal because insurance prices fluctuate regularly. Even if you think you had the best price on Honda Accord insurance in Worcester a year ago other companies may now be cheaper. Block out anything you think you know about auto insurance because we're going to show you the easiest way to save money, get proper coverage and the best rates.
If you have a policy now, you will surely be able to reduce premiums using the following tips. Finding affordable car insurance coverage in Worcester is not rocket science. But Massachusetts consumers need to have an understanding of the way insurance companies price insurance differently and use it to your advantage.
Auto insurance providers offering affordable prices in Massachusetts
The following companies provide price quotes in Worcester, MA. If multiple companies are shown, it's a good idea that you visit two to three different companies to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$154||$276||$384||$22||$114||$950||$79|
|Accord LX 4-Dr Sedan||$208||$288||$372||$22||$112||$1,002||$84|
|Accord EX 4-Dr Sedan||$208||$288||$372||$22||$112||$1,002||$84|
|Accord LX-P 4-Dr Sedan||$278||$526||$384||$22||$114||$1,324||$110|
|Accord LX-P 4-Dr Sedan||$120||$220||$298||$18||$90||$746||$62|
|Accord EX-L 4-Dr Sedan||$224||$442||$272||$16||$82||$1,036||$86|
|Accord EX 2-Dr Coupe||$288||$612||$378||$22||$114||$1,414||$118|
|Accord LX-S 2-Dr Coupe||$286||$630||$510||$30||$152||$1,608||$134|
|Accord EX-L 2-Dr Coupe||$140||$274||$362||$22||$108||$906||$76|
|Get Your Own Custom Quote Go|
Premium data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Price information does not factor in vehicle location which can modify auto insurance rates substantially.
The example below illustrates how choosing a deductible and can change Honda Accord insurance rates for different age categories. The premiums are based on a married male driver, comprehensive and collision coverage, and no discounts are factored in.
Tickets and at-fault accidents raise rates
The diagram below demonstrates how traffic citations and accidents can raise Honda Accord car insurance rates for each different age category. Data assumes a married female driver, comp and collision included, $500 deductibles, and no other discounts are factored in.
Don't overlook these Honda Accord insurance discounts
Some insurance providers don't always publicize every possible discount very well, so the below list has a few of the more common as well as some of the hidden credits available to bring down your rates.
- Worcester Homeowners Pay Less - Just owning your own home may earn you a small savings due to the fact that maintaining a home shows financial diligence.
- Discounts for New Vehicles - Putting insurance coverage on a new Accord may earn a small discount compared to insuring an older model.
- Low Mileage Discounts - Driving less can earn cheaper premium rates.
- No Claim Discounts - Claim-free drivers can save substantially as compared to insureds who have frequent claims or accidents.
- Seat Belts Save more than Lives - Drivers who require all occupants to buckle up can save a little on medical payment and PIP coverage.
- Sign Early and Save - Some companies reward drivers for switching companies prior to the expiration date on your current Accord insurance policy. You can save around 10% with this discount.
Consumers should know that some of the credits will not apply to your bottom line cost. Most only apply to the cost of specific coverages such as liability, collision or medical payments. So even though it sounds like you can get free auto insurance, companies wouldn't make money that way.
A few of the larger companies and their offered discounts can be read below.
- 21st Century may offer discounts for anti-lock brakes, driver training, 55 and older, theft prevention, and good student.
- Progressive has savings for homeowner, online quote discount, continuous coverage, multi-policy, multi-vehicle, online signing, and good student.
- State Farm offers discounts including good student, Steer Clear safe driver discount, Drive Safe & Save, safe vehicle, good driver, student away at school, and multiple autos.
- Nationwide offers premium reductions for family plan, accident-free, multi-policy, business or organization, anti-theft, good student, and defensive driving.
- Esurance may include discounts for DriveSense, online quote, online shopper, Switch & Save, and renters.
- The Hartford policyholders can earn discounts including air bag, vehicle fuel type, good student, defensive driver, bundle, and anti-theft.
Check with all companies you are considering which discounts you qualify for. Some of the earlier mentioned discounts may not apply to policies in Worcester. To find insurance companies with significant discounts in Massachusetts, click here to view.
Smart Buyers Save More
Many things are taken into consideration when you get a price on insurance. Some are obvious like your driving record, but other criteria are less obvious like where you live or how financially stable you are.
Listed below are a partial list of the pieces companies use to determine premiums.
High deductibles cost less - Physical damage coverage, otherwise known as comp (or other than collision) and collision, helps pay for damage to your vehicle. Some examples of covered claims could be collision with another vehicle, vandalism, and windstorm damage. The deductibles you choose are how much the insured will be required to pay if a claim is determined to be covered. The more you pay before a claim is paid (deductible), the lower your rates will be.
Incidental coverages push up premiums - There are quite a few extra add-on coverages that sound like a good idea at the time on your car insurance policy. Things like vanishing deductibles, towing, and additional equipment coverage are some examples. They may seem good initially, but if you don't need them remove them from your policy.
Gals pay lower rates - Statistics have proven that females tend to be a little less risky than males. However, don't assume that females are better drivers. Women and men are in fender benders in similar percentages, but males cause more damage. In addition to higher claims, males also get cited for more serious violations such as DWI and reckless driving.
High credit scores save money - Having a bad credit score will be a significant factor in determining your rates. People with high credit ratings tend to be more responsible as compared to drivers with lower credit scores. If your credit is low, you could be paying less to insure your Honda Accord if you clean up your credit.
Car plus home equals more savings - Many car insurance companies give lower prices to clients who consolidate policies with them, otherwise known as a multi-policy discount. Discounts can be ten percent or more. Even with this discount, you may still want to compare other company rates to help ensure you have the lowest rates.
Is your vehicle theft-ready? - Owning a car with a theft deterrent system can save you a little every year. Theft prevention features like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help prevent your car from being stolen.
Urban residents pay more - Having an address in less populated areas is a positive aspect when insuring your vehicles. Fewer drivers means fewer accidents and lower theft and vandalism rates. People in densely populated areas tend to have traffic congestion and much longer commute distances. Higher commute times means more chance of being in an accident.
Where do you drive? - The more you drive each year the higher your rates will be. Almost all companies apply a rate partially by how you use the vehicle. Vehicles that have low annual miles can get a lower rate than cars that get driven a lot. Improper usage on your Accord may be costing you. It's a good idea to make sure your declarations sheet is rated on the proper vehicle usage.
Honda Accord historical loss data - Insurance companies factor in insurance loss information when they set coverage costs for each model. Models that the statistics show to have a trend towards higher claim severity or frequency will have higher rates for specific coverages. The next table shows the insurance loss data for Honda Accord vehicles.
For each coverage category, the loss probability for all vehicles, regardless of manufacturer or model, is a value of 100. Numbers below 100 suggest a positive loss record, while percentage values above 100 indicate more frequent losses or an increased chance of larger losses than average.
Honda Accord Insurance Claim Statistics
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|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|
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Auto insurance is available from your local insurance agencies
Some people would rather talk to a local agent and that is a smart decision One of the best bonuses of getting online price quotes is you can get lower rates and also buy local.
To find an agent, once you fill out this short form, your insurance coverage information is emailed to companies in Worcester that provide free Worcester car insurance quotes for your coverage. It makes it easy because there is no need to find an agent on your own as quotes are delivered directly to your email. You can most likely find cheaper rates without having to waste a lot of time. If you wish to get a comparison quote from a specific insurance company, you just need to go to their quote page and submit a quote form there.
Picking the best provider shouldn't rely on just a cheap price quote. Here are some questions you should ask.
- Do they write coverage based solely on cost?
- Do they reduce claim amounts on high mileage vehicles?
- If you raise deductibles, how much can you save?
- Can you contact them at any time?
- What is the financial rating for the quoted company?
After getting acceptable answers to any questions you have as well as an affordable premium quote, it's a good possibility that you have found an provider that can be relied on to properly service your auto insurance policy. But keep in mind you can terminate coverage for any reason so don't assume you're contractually obligated to any specific company for any length of time.
Ads can be misleading
Respected companies like 21st Century, Allstate and State Farm continually stream television and radio advertisements. All the companies tend to make the same promise about savings if you switch to their company. Is it even possible that every company can lower your car insurance rates? It's all in how they say it.
Auto insurance companies have a certain "appetite" for the type of insured that will be a good risk. For instance, a profitable risk profile might be described as over the age of 50, has a low-risk occupation, and has a short commute. Any person who matches that profile is entitled to the best price and have a good chance to save when they switch companies.
Insureds who do not meet these standards will see higher rates and ends up with the customer not purchasing. If you pay attention, the ads say "customers who switch" not "all people who quote" save money. This is how insurance companies can make claims that they all have the best rates. This really emphasizes why it is so important to get Worcester car insurance quotes as often as possible. It's impossible to know with any certainty which company will give you lower prices than your current company.
One last thing about your coverage
Lower-priced Honda Accord insurance in Worcester can be found on the web and also from your neighborhood Worcester agents, so you should compare both to have the best chance of lowering rates. Some insurance providers may not provide price quotes online and many times these small insurance companies only sell coverage through independent agencies.
As you shop your coverage around, you should never sacrifice coverage to reduce premiums. In many instances, someone dropped comprehensive coverage or liability limits only to regret they didn't purchase enough coverage. The aim is to purchase a proper amount of coverage at the lowest possible cost while not skimping on critical coverages.
For more information, feel free to visit the articles below:
- Understanding Car Crashes Video (iihs.org)
- What is the Cheapest Car Insurance in Waltham, Massachusetts? (FAQ)
- Who Has the Cheapest Car Insurance for a Ford Fusion in Massachusetts? (FAQ)
- What Car Insurance is Cheapest in Taunton, Massachusetts? (FAQ)
- Who Has Affordable Massachusetts Auto Insurance Rates for Low Income Drivers? (FAQ)
- What is the Cheapest Auto Insurance in Methuen, Massachusetts? (FAQ)
- Liability Insurance Coverage (Nationwide)
- Protect Yourself Against Auto Theft (Insurance Information Institute)