Are you searching for more affordable Honda Accord Hybrid insurance in Long Beach? Trying to find low-cost insurance for a Honda Accord Hybrid in California can be a painful process, but you can learn a few tricks to save time.
There are more efficient ways to shop for insurance and you need to know the proper way to compare rates for a new or used Honda and get the cheapest rates from both online companies and Long Beach agents.
It’s important to check insurance prices occasionally because prices change quite often. Just because you had the best rates on Honda Accord Hybrid insurance in Long Beach two years ago the chances are good that you can find a lower premium rate today. Forget all the misinformation about insurance because we’re going to show you how to use online quotes to reduce your cost while increasing coverage.
The companies shown below are ready to provide price quotes in Long Beach, CA. To buy cheap auto insurance in California, we recommend you click on several of them to get the best price comparison.
How to Lower Your Insurance Prices
Many factors are considered when premium rates are determined. Some of the criteria are obvious like your driving record, but others are less obvious such as your credit history or how safe your car is.
The type of vehicle you drive affects your premiums – The performance level of the car, truck or SUV you are insuring makes a significant difference in determining your rates. The lowest rates are for economy passenger vehicles, but that’s not the only thing that factors into the final price.
Marriage can save you money – Having a significant other may save some money when buying insurance. Having a significant other generally demonstrates drivers are more stable financially and statistics show married drivers get in fewer accidents.
High credit score translates to low costs – Your credit score can be an important factor in determining what you pay for insurance. If your credit score can use some improvement, you may save money insuring your Honda Accord Hybrid by improving your rating. Insureds that have very good credit scores tend to be better risks to insure than drivers with lower credit scores.
More policies can equal more savings – Most insurance companies provide discounts to customers that buy multiple policies, otherwise known as a multi-policy discount. Discounts can add up to anywhere from five to ten percent in most cases. Even if you already get this discount, consumers should still shop around to help guarantee you have the best rates.
Insurance policy lapses increase premiums – Driving your car without having proper coverage is a big no-no and companies may charge more for letting your coverage have a gap. Not only will you pay more, not being able to provide proof of insurance will get you a revoked license or a big fine. You may then be required to file a SR-22 with the California department of motor vehicles.
Vocation reflects on rates – Occupations like military generals, social workers, and emergency personnel tend to have higher average rates due to intense work requirements and extremely grueling work hours. On the flip side, jobs like actors, historians and retirees pay the least.
GPS tracking and theft deterrents reduce insurance rates – Buying a car with a theft deterrent system can save you some money. Theft prevention devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder car theft and help bring rates down.
Insurance loss probability for a Honda Accord Hybrid – Car insurance companies use past insurance losses to help set a rate to offset losses. Vehicles that are shown to have higher loss trends will have a higher premium rate.
The data below shows the historical insurance loss data for Honda Accord Hybrid vehicles. For each coverage type, the claim probability for all vehicles averaged together is equal to 100. Numbers under 100 suggest losses that are better than average, while percentage values above 100 point to more frequent losses or a tendency for claims to be larger.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Honda Accord Hybrid | 96 | 80 | 98 | 89 | 76 | 84 |
Statistics from IIHS.org for 2013-2015 Model Years
Protect your vehicle and other assets
Despite the high insurance cost for a Honda Accord Hybrid in Long Beach, paying for auto insurance may be required and benefits you in several ways.
- Just about all states have minimum mandated liability insurance limits which means state laws require a minimum amount of liability protection in order to drive the car legally. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If your Honda has a lienholder, almost all lenders will make it mandatory that you have full coverage to guarantee payment of the loan. If coverage lapses or is canceled, the lender may insure your Honda for a lot more money and force you to reimburse them for the much more expensive policy.
- Auto insurance preserves both your Honda Accord Hybrid and your personal assets. It also can pay for most medical and hospital costs for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, will also pay for a defense attorney if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will pay to repair the damage.
The benefits of insuring your Accord Hybrid more than offset the price you pay, specifically if you ever have a liability claim. Today the average American driver is overpaying over $700 annually so it’s very important to do a rate comparison each time the policy renews to help ensure money is not being wasted.