The easiest way to find affordable auto insurance rates in Virginia Beach is to compare prices annually from companies who sell auto insurance in Virginia.
First, spend some time learning about what coverages are included in your policy and the changes you can make to keep rates down. Many rating factors that result in higher rates such as at-fault accidents, careless driving, and a not-so-good credit score can be remedied by making minor driving habit or lifestyle changes. Keep reading for additional ideas to help keep prices low and find available discounts that you may qualify for.
Second, compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only quote rates from a single company like Progressive and State Farm, while agents who are independent can provide price quotes for many different companies.
Third, compare the new rates to your existing policy and determine if there is any savings. 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 the current policy and submit a signed application and payment to your new insurance company. When you receive it, place your new certificate verifying proof of insurance in an easily accessible location in your vehicle.
A good tip to remember is to make sure you enter identical coverage information on every quote request and and to get prices from as many different companies as possible. This ensures a fair price comparison and maximum price selection.
Unthinkable but true, the majority of drivers kept their coverage with the same auto insurance company for over three years, and just under half have never quoted rates to find cheap coverage. Virginia drivers could cut their rates by up to $500 a year by just shopping around, but most just don't grasp the large savings they would see if they changed companies.
Finding and buying affordable car insurance coverage in Virginia Beach is not as hard as you think. If you are insured now or are looking for a new policy, use these techniques to get lower rates without reducing coverage. Drivers just need to learn the proper way to compare different rates from multiple carriers.
All major car insurance companies allow consumers to get coverage price quotes direct online. Doing online price comparisons for Honda Accord insurance in Virginia Beach doesn't take a lot of time because you just enter the coverage amounts you desire on the page. When complete, the quote system requests information on your driving record and credit history and returns a price determined by many factors.
Quoting online for Honda Accord insurance in Virginia Beach streamlines rate comparisons, and it's very important to perform this step if you want to find a lower rate.
To save time and get comparison pricing now, take a look at the companies shown below. To compare your current rates, we recommend you replicate coverages and limits as close as possible to your current policy. This helps ensure you are getting comparison quotes for similar insurance coverage.
The companies shown below are our best choices to provide price quotes in Virginia Beach, VA. If your goal is to find cheaper car insurance in VA, it's a good idea that you visit several of them to get a more complete price comparison.
Cheaper Virginia Beach car insurance quotes with discounts
Car insurance can cost a lot, but you may qualify for discounts to help offset the cost. Certain reductions will be credited when you complete an application, but once in a while a discount must be manually applied prior to getting the savings. If you are not receiving all the discounts you deserve, you are just wasting money.
- Student Driver Training - Require your teen driver to participate in a local driver's education class as it will make them better drivers and lower rates.
- Good Grades Discount - A discount for being a good student can get you a discount of up to 25%. You can use this discount normally until age 25.
- Telematics Devices - Policyholders that allow data collection to monitor driving manner by installing a telematics device such as State Farm's In-Drive could see a rate decrease as long as they are good drivers.
- Low Mileage - Fewer annual miles on your Honda could earn slightly better prices than normal.
- Multiple Vehicles - Buying coverage for several vehicles with the same company may reduce the rate for each vehicle.
- ABS Braking Discount - Cars and trucks with anti-lock braking systems prevent accidents so you can save 10 percent or more.
- Theft Prevention Discount - Vehicles optioned with advanced anti-theft systems are less likely to be stolen and earn discounts up to 10% off your Virginia Beach car insurance quote.
- Discount for Home Ownership - Owning your own home or condo can save a few bucks because it is proof that your finances are in order.
- Government Employees - Active or former government employment could qualify for a slight premium decrease depending on your car insurance provider.
- Drive Safe and Save - Safe drivers may save up to 50% more than their less cautious counterparts.
It's important to understand that some credits don't apply to the entire cost. A few only apply to specific coverage prices like liability and collision coverage. So even though you would think you would end up receiving a 100% discount, that's just not realistic.
The diagram below shows the comparison of Honda Accord car insurance costs with and without discounts applied to the policy rates. The rate quotes are based on a female driver, no claims or driving citations, Virginia 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 marriage, homeowner, multi-policy, safe-driver, multi-car, and claim-free discounts applied.
To locate car insurance companies that offer the discounts shown above in Virginia Beach, follow this link.
Honda Accord insurance analysis
The coverage table below highlights a range of policy rates for Honda Accord models. Learning a little about how insurance policy premiums are determined can help drivers make decisions when shopping around.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$136||$250||$284||$16||$86||$772||$64|
|Accord LX 4-Dr Sedan||$136||$250||$284||$16||$86||$772||$64|
|Accord EX 4-Dr Sedan||$136||$250||$284||$16||$86||$772||$64|
|Accord LX-P 4-Dr Sedan||$136||$250||$284||$16||$86||$772||$64|
|Accord LX-P 4-Dr Sedan||$136||$250||$284||$16||$86||$772||$64|
|Accord EX-L 4-Dr Sedan||$156||$306||$284||$16||$86||$848||$71|
|Accord EX 2-Dr Coupe||$156||$360||$378||$22||$114||$1,030||$86|
|Accord LX-S 2-Dr Coupe||$156||$360||$378||$22||$114||$1,030||$86|
|Accord EX-L 2-Dr Coupe||$176||$360||$378||$22||$114||$1,050||$88|
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Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Price estimates do not factor in the specific area where the vehicle is garaged which can raise or lower prices significantly.
The chart below demonstrates how deductible levels and can affect Honda Accord insurance costs for different categories of driver ages. The premiums are based on a single female driver, full coverage, and no other discounts are factored in.
Full coverage rates vs. liability-only
The diagram below illustrates the difference between Honda Accord yearly insurance costs with and without full coverage. The rate quotes are based on no accidents or driving violations, $500 deductibles, single marital status, and no other discounts are factored in.
Guidelines for eliminating full coverage
There is no set guideline to delete physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.
For example, let's pretend your Honda Accord claim settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $6,000 after the deductible is paid. If you are paying over $600 a year for comprehensive and collision coverage, then it could be time to drop full coverage.
There are some cases where only buying liability is not a good plan. If you haven't satisfied your loan, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can't afford to buy a different vehicle in the even your car is totaled, you should keep full coverage in place.
How Insurance Companies Determine Honda Accord Insurance Costs
Multiple criteria are part of the equation when you get your auto insurance bill. Some of the criteria are obvious such as traffic violations, but other criteria are less obvious like your vehicle usage or your commute time. The best way to find cheaper insurance is to take a look at the rating factors that play a part in calculating insurance rates. When consumers understand what determines premiums, this enables informed choices that may result in cheaper rates.
The following are some of the most common factors that factor into your premiums.
Claims cost money - If you tend to file frequent claims, you can definitely plan on either higher rates or even cancellation. Auto insurance companies in Virginia provide the best rates to people who are claim-free. Your car insurance is intended for claims that you cannot pay yourself.
Avoid policy lapses - Driving without insurance coverage in place is a big no-no and any future policy may cost more because you let your insurance coverage expire. Not only will you pay more, failure to provide proof of insurance may earn you a revoked license or a big fine. You may need to prove you have insurance by filing a SR-22 with the Virginia motor vehicle department.
Tickets increase rates - Just one moving violation can increase rates by as much as thirty percent. Careful drivers pay lower auto insurance prices than people who have multiple driving citations. Drivers who have gotten license-revoking tickets such as DUI or reckless driving may need to file a SR-22 with their state DMV in order to drive a vehicle legally.
The illustration below shows how violations and at-fault claims drive up Honda Accord insurance costs for different age groups. The rates are based on a single male driver, full coverage, $500 deductibles, and no other discounts are factored in.
Older drivers pay less - Inexperience drivers are proven to be inattentive when driving and because of this, their insurance rates are much higher. Mature drivers are shown to be more cautious, are lower risk to insure, and usually have better credit.
The following chart assumes a single driver, full coverage with $500 deductibles, and no discounts or violations.
Pay more of a claim out-of-pocket - Physical damage deductibles define the amount you are required to spend if the claim is covered. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Examples of some claims that would be covered are colliding with a stationary object, damage caused by hail, and damage from wind. The more of the claim you have to pay, the lower your rates will be.
Lower premiums for vehicles with better crash test results - Safer cars are cheaper to insure. The safest vehicles have better occupant injury protection and any reduction in injury severity means your insurance company pays less and lower rates for you. If the Honda Accord is rated at a minimum four stars on Safercar.gov it may be receiving lower rates.
If you don't need it don't buy it - There are a lot of additional extra coverages that you can buy if you don't pay attention. Coverages for replacement cost coverage, high-cost glass coverage, and Farm Bureau memberships could be just wasting money. They may seem good when buying your policy, but if they're wasting money get rid of them and save.
Honda Accord insurance loss statistics - Insurers factor in insurance loss information when setting rates for each model. Models that statistically have increased losses will have a higher premium rate.
The table below shows the historical insurance loss data for Honda Accord vehicles. For each type of coverage, the claim amount for all vehicles, regardless of manufacturer or model, is a value of 100. Numbers under 100 represent a good loss history, while values over 100 point to more losses or an increased likelihood of larger losses.
|Specific Honda 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
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years