Did a good deal turn out to be overpriced Honda Accord Hybrid insurance in Phoenix? Believe me when I say you’re not alone.
Shockingly, nearly 70% of consumers kept their policy with the same company for well over three years, and just short of a majority have never compared rates to find cheaper insurance. Most drivers in Phoenix can save roughly $730 each year by just comparing quotes, but most undervalue how much savings they would realize if they switched to a cheaper policy.
You have so many car insurance companies to purchase coverage from, and though it is a good thing to have a choice, lots of choices makes it harder to get the best deal for Honda Accord Hybrid insurance in Phoenix.
When shopping for Honda Accord Hybrid insurance in Phoenix there are multiple ways to compare prices from local Phoenix insurance companies. By far the easiest way to find the lowest Honda Accord Hybrid rates is to get quotes online.
Comparing rate quotes online is fast and free, and it takes the place of having to drive around to all the different Phoenix insurance agencies. Buying insurance online eliminates the middleman unless you require the professional guidance that you can only get from talking to an agent. Although, it is possible comparison shop online but buy from a local insurance agent. Keep in mind that comparing a wide range of rates will increase your chances of finding lower pricing. Not every company allows you to get online Phoenix Accord Hybrid insurance quotes, so it’s important to also get price quotes on coverage from those companies, too.
The companies in the list below offer price quotes in Phoenix, AZ. If several companies are displayed, it’s highly recommended you visit two to three different companies in order to get a fair rate comparison.
Get cheaper Honda Accord Hybrid insurance in Phoenix with discounts
Some insurance providers do not list all available discounts very well, so the next list breaks down a few of the more well known and the harder-to-find discounts that you can inquire about if you buy Phoenix auto insurance online.
- Air Bag Discount – Vehicles equipped with air bags and/or automatic seat belt systems can receive discounts of 20% or more.
- Phoenix Homeowners Pay Less – Owning your own home or condo may trigger a policy discount on auto insurance since home ownership is proof of financial responsibility.
- Defensive Driver Discount – Passing a course teaching driver safety skills can save you 5% or more and make you a better driver.
- Discounts for New Vehicles – Buying a new car instead of a used Accord Hybrid can save up to 30% compared to insuring an older model.
- Driver’s Ed – Make teen driver coverage more affordable by requiring them to participate in a local driver’s education class as it can save substantially.
- Cautious Driver Discount – Insureds without accidents may save up to 50% more compared to accident prone drivers.
- Switch and Save Discount – Select companies give a discount for buying a new policy before your current expiration date. You could save around 10% when you buy Phoenix auto insurance online.
- Theft Deterrent – Cars, trucks, and SUVs that have factory anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
- Multi-Vehicle Discounts – Buying coverage for multiple cars on one policy may reduce the rate for each vehicle.
- Military Discounts – Having a deployed family member may lower your auto insurance rates slightly.
It’s important to understand that most of the big mark downs will not be given to the entire policy premium. Most only apply to individual premiums such as medical payments or collision. So when the math indicates you can get free auto insurance, auto insurance companies aren’t that generous.
Larger auto insurance companies and a selection of discounts are included below.
- State Farm includes discounts for passive restraint, driver’s education, anti-theft, good student, safe vehicle, and good driver.
- GEICO policyholders can earn discounts including emergency military deployment, defensive driver, multi-policy, driver training, anti-theft, daytime running lights, and membership and employees.
- Liberty Mutual may offer discounts for multi-car, exclusive group savings, new move discount, newly married, multi-policy, and safety features.
- The Hartford may have discounts that include vehicle fuel type, good student, defensive driver, bundle, driver training, air bag, and anti-theft.
- MetLife may include discounts for good student, multi-policy, defensive driver, good driver, claim-free, and accident-free.
- Progressive has savings for homeowner, online signing, multi-policy, continuous coverage, and online quote discount.
If you want low cost Phoenix auto insurance quotes, ask every prospective company which discounts you may be entitled to. Discounts may not be offered in your state. To view companies that have a full spectrum of discounts in Phoenix, click here.
What if I want to buy from local Phoenix insurance agents?
A lot of people just prefer to have an agent’s advice and that is a personal choice. One of the benefits of comparing insurance online is you may find better rates and still choose a local agent.
By using this form (opens in new window), your insurance data is immediately sent to participating agents in Phoenix who want to provide quotes for your insurance coverage. You won’t need to leave your computer since rate quotes are delivered immediately to you. It’s the lowest rates without requiring a lot of work. If for some reason you want to get a rate quote from a specific company, feel free to visit that company’s website to submit a rate quote request.
Picking a provider should depend on more than just a cheap price quote. The answers to these questions are important, too.
- Are they giving you every discount you deserve?
- Are they properly licensed to sell insurance in Arizona?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- How are claims handled?
- Is there a local claims center in Phoenix?
- Will the quote change when the policy is issued?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
If you want to buy insurance from a reputable agency, it helps to know the two different types of agencies that differ in how they can insure your vehicles. Insurance agencies can either be exclusive or independent (non-exclusive).
Exclusive Insurance Agents
Agents that choose to be exclusive normally can only provide a single company’s rates and examples are State Farm, Allstate, or Farmers Insurance. They generally cannot give you multiple price quotes so they are skilled at selling on more than just price. Exclusive agents are usually quite knowledgeable in insurance sales and that allows them to sell at a higher price point.
The following is a short list of exclusive insurance agents in Phoenix who can help you get comparison quotes.
Independent Agencies or Brokers
Independent agencies do not sell for just one brand and that enables them to quote your coverage amongst many companies enabling the ability to shop coverage around. To transfer your coverage to a different company, they can switch companies in-house and you can keep the same agent.
If you are trying to find cheaper rates, you should always get quotes from several independent agencies to get the most accurate price comparison.
The following are Phoenix independent insurance agencies that are able to give price quote information.
How do I know if I need professional advice?
Always keep in mind that when comparing your policy, there isn’t really a single plan that fits everyone. Your financial needs are unique.
These are some specific questions may help you determine whether your personal situation could use an agent’s help.
- Can my teen driver be rated on a liability-only vehicle?
- Should I get collision insurance on every vehicle?
- Am I covered when pulling a rental trailer?
- What states are considered no-fault?
- Should I bundle my homeowners policy with my auto?
- How high should my medical payments coverage be?
- Is coverage enough to protect my assets?
- Do I need added coverage for expensive stereo equipment?
- Am I covered when driving on a suspended license?
- Can my babysitter drive my car?
If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, fill out this quick form.
Lower Your Phoenix Insurance Premiums
Lots of things are taken into consideration when you get a price on insurance. A few of the factors are predictable like your driving record, but other criteria are more obscure such as your marital status or your financial responsibility. Part of the insurance buying process is learning the different types of things that help calculate your premiums. If you have a feel for what impacts premium levels, this empowers consumers to make smart changes that could help you find lower rates.
- Low mileage costs less – Driving more miles every year the higher your rates will be. The majority of insurers rate vehicles based upon how much you drive. Cars not used for work or commuting cost less to insure than cars that get driven a lot. Double check that your policy reflects the right rating data, because it can save money. Having an incorrect usage rating on your Accord Hybrid can cost quite a bit.
- Higher deductibles reduce costs – Physical damage protection, aka comp and collision, covers your vehicle from damage. Some instances where coverage would apply are a windshield shattered by a rock, damage caused by hail, and damage from a fallen tree branch. Comprehensive and collision coverage deductibles tell how much the insured will be required to pay before your insurance pays a claim. The larger the amount you choose to pay out-of-pocket, the lower your rates will be.
- Buy a safe car and pay less – Cars with high safety ratings cost less to insure. Vehicles engineered for safety protect occupants better and lower rates of occupant injuries means less money paid by your insurance company which can mean better rates for you. If your Honda scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may pay a lower rate.
- Insurance rates in urban areas – Living in a rural area can be a good thing if you are looking for the lowest rates. Lower population corresponds to lower accident rates and a lower car theft rate. Drivers who live in large Arizona cities have more aggressive driving styles and more time behind the wheel. The longer drive time means a statistically higher chance of an accident.
- Married drivers pay lower costs – Having a spouse can actually save you money compared to being single. It may mean you are less irresponsible and it’s statistically proven that being married results in fewer claims.
- Frequent policy claims will cost more – If you are the type of insured that files lots of claims you should expect either a policy non-renewal or much higher rates. Auto insurance companies in Arizona generally give the best rates to insureds that do not abuse their auto insurance. Your car insurance is meant to be used in the event of claims that pose a financial burden.
- Honda Accord Hybrid statistical loss data – Companies take into consideration historical loss data for every vehicle as a way to help calculate a profitable premium rate. Models that historically have a trend towards higher claims will be charged more to insure. The next table illustrates the insurance loss data used by companies for Honda Accord Hybrid vehicles.
For each coverage type, the loss probability for all vehicles, regardless of make, model or trim level, is considered to be 100. Numbers that are below 100 indicate better than average losses, while values that are above 100 point to more frequent losses or statistically larger losses.
Insurance Loss Ratings for Honda Accord Hybrid Vehicles
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Honda Accord Hybrid 96 80 98 89 76 84
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Insurance just makes sense
Despite the fact that insurance is not cheap in Phoenix, maintaining insurance is required in Arizona but it also protects you in many ways.
- Almost all states have compulsory liability insurance requirements which means you are required to carry specific minimum amounts of liability in order to be legal. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a loan on your Accord Hybrid, more than likely the lender will stipulate that you have comprehensive 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 for a much higher rate and require you to pay the higher price.
- Insurance protects both your Honda and your assets. It will also pay for many types of medical costs that are the result of an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses if anyone sues you for causing an accident. If mother nature or an accident damages your car, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of having insurance more than offset the price you pay, particularly if you ever have a claim. In a recent study of 1,000 drivers, the average customer is overpaying more than $820 a year so you should quote rates at least once a year to ensure rates are inline.
Lower rates by being persistent
Lower-priced Honda Accord Hybrid insurance in Phoenix can be purchased on the web in addition to local insurance agencies, and you should be comparing both to have the best selection. A few companies may not provide the ability to get quotes online and most of the time these smaller companies only sell through independent insurance agencies.
Insureds leave their current company for any number of reasons including delays in responding to claim requests, denial of a claim, poor customer service and policy cancellation. No matter why you want to switch, choosing a new company is not as hard as you think.
As you shop your coverage around, make sure you don’t reduce needed coverages to save money. In too many instances, an accident victim reduced collision coverage and learned later they didn’t purchase enough coverage. The proper strategy is to get the best coverage possible for the lowest price, but do not skimp to save money.
More information is available on the following sites:
- Eight Auto Insurance Myths (Insurance Information Institute)
- How Much are Phoenix Car Insurance Quotes for Teachers? (FAQ)
- What Auto Insurance is Cheapest for Teenage Females in Phoenix? (FAQ)
- What Car Insurance is Cheapest for Safe Drivers in Phoenix? (FAQ)
- How Much is Auto Insurance for a Company Car in Phoenix? (FAQ)
- Who Has Cheap Phoenix Car Insurance for Seniors? (FAQ)
- State Car Insurance Guides (GEICO)
- Speed and Speed Limit FAQ (iihs.org)
- Collision Coverage (Liberty Mutual)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)