Cheap Honda Accord Insurance in Tulsa

Unfortunately, nearly 70% of customers have remained with the same insurance company for over three years, and nearly 40% of drivers have never compared rates to find cheaper insurance. American consumers could cut their rates by as much as 46.5% a year, but they underestimate the benefits if they switched to a cheaper policy.

If saving the most money is your goal, then the best way to get affordable Honda Accord insurance is to make a habit of regularly comparing prices from insurance carriers in Tulsa. Price quotes can be compared by following these steps.

• Step 1: Read about the different coverages in a policy and the things you can change to prevent high rates. Many factors that drive up the price such as accidents, traffic tickets, and an unacceptable credit history can be controlled by making minor changes to your lifestyle. This article gives the details to find cheap rates and find additional discounts.
• Step 2: Request price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only quote rates from one company like GEICO or Allstate, while agents who are independent can give you price quotes for many different companies.
• Step 3: Compare the new rate quotes to your existing rates and see if you can save money. If you can save money, make sure the effective date of the new policy is the same as the expiration date of the old one.
• Step 4: Tell your current company of your decision to cancel your current auto insurance policy. Submit payment along with a signed and completed policy application for the new coverage. As soon as coverage is bound, place the new certificate of insurance in an easily accessible location.

A crucial key to this process is to use the same deductibles and limits on every quote request and to quote with as many different insurance providers as possible. This provides the most accurate price comparison and the best rate selection.

Quoting and buying the most affordable auto insurance in Tulsa is not as confusing as people think. Practically each driver who needs lower cost auto insurance most likely will find a lower-cost company. But Oklahoma drivers need to learn the way insurance companies calculate your auto insurance rates because it can help you find the best coverage.

How to get free Honda Accord insurance quotes online

To find inexpensive Tulsa auto insurance quotes, there are several ways of comparing price quotes from insurance companies in your area. By far the easiest way to compare rates is simply to get online rate quotes. Just remember that comparing more quotes helps locate lower pricing. Some companies don’t provide price estimates online, so it’s recommended that you also compare price estimates on coverage from those companies, too.

The following companies have been selected to offer price comparisons in Oklahoma. If multiple companies are listed, we recommend you visit as many as you can in order to get a fair rate comparison.

Tulsa insurance discounts for a Honda Accord

Companies that sell car insurance don’t always list every discount available very clearly, so we researched both the well known as well as some of the hidden credits that you can use to lower your rates.

• Payment Method – If you can afford to pay the entire bill instead of monthly or quarterly installments you could save up to 5%.
• Multiple Cars – Drivers who insure all your vehicles with the same company could earn a price break for each car.
• Low Miles Discount – Low mileage vehicles could be rewarded with lower prices due to less chance of an accident.
• Seat Belt Discounts – Drivers who require all occupants to use a seat belt can save up to 10 percent (depending on the company) off the medical payments premium.
• Accident Forgiveness – Not necessarily a discount, but certain companies permit an accident without raising rates as long as you don’t have any claims for a specific time period.
• Switch and Save Discount – Some companies give discounts for renewing your policy prior to the expiration date on your current Accord insurance policy. You could save around 10% when you buy Tulsa auto insurance online.
• Anti-lock Brakes – Vehicles with anti-lock braking systems have fewer accidents and earn discounts up to 10%.
• Driver Safety – Successfully completing a class that teaches defensive driver techniques could save 5% or more if you qualify.

Remember that most discount credits are not given to the entire policy premium. Most cut the cost of specific coverages such as liability and collision coverage. So when the math indicates all those discounts means the company will pay you, you’re out of luck. Any qualifying discounts will bring down your auto insurance premiums.

The illustration below compares Honda Accord auto insurance rates with and without some available policy discounts. The premiums are based on a female driver, no claims or driving citations, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, marriage, claim-free, safe-driver, and multi-car discounts applied.

To choose providers that offer some of these discounts in Tulsa, click here to view.

Rates and statistics

The rate information shown below covers different insurance costs for Honda Accord models. Having a better understanding of how car insurance premiums are calculated is important for you to make decisions on the best policy to buy.

Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Rate information does not factor in vehicle garaging location which can impact rates greatly.

Deductible comparison

One of the hardest decisions when shopping for insurance is the level to set your comp and collision deductibles. The data tables below outline the rate difference when you select higher and lower policy deductibles. The first data set uses a $100 deductible and the second price chart uses a $500 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium costs do not factor in Tulsa location which can raise or lower insurance rates noticeably.

We can estimate from the data above that using a $100 deductible costs approximately $28 more each month or $336 each year than requesting the higher $500 deductible. Since you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you normally go at least 14 months between claim filings, you would come out ahead if you choose a higher deductible. The illustration below shows an example of how this decision is made.

One big caveat is that a higher deductible level means you will have to pay more when you have a comprehensive or collision claim. You need some extra savings in the event you have to pay the higher deductible in order to repair your vehicle.

Illustration showing the impact of accidents and violations

The information below illustrates how violations and at-fault collisions drive up Honda Accord annual premium costs for different age groups. The premiums are based on a single male driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.

Comparison of full coverage and liability-only policies

The diagram below visualizes the comparison of Honda Accord insurance premiums with and without physical damage coverage. The data is based on no accidents or driving violations, $100 deductibles, single marital status, and no additional discounts are factored in.

Should you be buying full coverage?

There is no definitive rule of when to exclude comp and collision coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is about 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.

For example, let’s pretend your Honda Accord book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $7,000 after you pay the deductible. If premium cost is more than $700 annually for physical damage coverage, then you may need to consider dropping full coverage.

There are a few situations where dropping full coverage is not a good idea. If you still owe money on your vehicle, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not eliminate full coverage.