Cheapest 2002 Honda Accord Insurance Rates in 2023
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UPDATED: Jun 8, 2023
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Trying to find cheaper 2002 Honda Accord Car Insurance rates? Buyers have a choice when searching for the best price on Honda Accord insurance. You can either waste hours struggling with agents to compare prices or use the internet to get rate quotes.
There are both good and bad ways to find car insurance online, so we’re going to tell you the best way to quote coverages for a Honda and find the cheapest rates either online or from local insurance agents.
If you have a policy now or need new coverage, you will benefit by learning to find the best rates while maintaining coverage. This information will teach you how to effectively get price quotes and some tips to save money. Drivers just need to learn the best way to shop for their coverage online.
These seven discounts can lower your 2002 Honda Accord Car Insurance rates
Car insurance can cost a lot, but companies offer discounts to help offset the cost. Some discounts apply automatically at the time of quoting, but some must be specially asked for before they will apply. If they aren’t giving you every credit possible, you are paying more than you should be.
- Federal Employees – Being employed by or retired from a federal job may qualify you for a discount on Accord insurance with a few car insurance companies.
- Club Memberships – Belonging to certain professional organizations could qualify you for a break when shopping for car insurance on Accord insurance.
- New Vehicle Savings – Buying coverage on a new vehicle can cost up to 25% less due to better safety requirements for new cars.
- Good Student Discount – A discount for being a good student can save 20 to 25%. The good student discount can last up to age 25.
- Multi-car Discount – Buying insurance for more than one vehicle on the same car insurance policy can get a discount on all vehicles.
- Sign Online – Certain companies give back up to $50 for buying your policy over the internet.
- No Accidents – Claim-free drivers pay much less when compared to bad drivers.
Keep in mind that most credits do not apply to the whole policy. Most only reduce individual premiums such as comp or med pay. So when it seems like having all the discounts means you get insurance for free, it doesn’t quite work that way. But any discount will help reduce the amount you have to pay.
Different people need different coverages
When it comes to choosing adequate coverage for your personal vehicles, there really is not a one size fits all plan. Each situation is unique.
For example, these questions may help highlight if you might need an agent’s assistance.
- Will I lose any money if I cancel my policy before it expires?
- Am I better off with higher deductibles on my 2002 Honda Accord?
- What is the rate difference between pleasure use and commuting?
- What vehicles carry emergency assistance coverage?
- Is motor club coverage worth it?
- Do I pay less if my vehicle is kept in my garage?
- Will filing a claim cost me more?
- Do I need medical payment’s coverage since I have good health insurance?
- Does coverage extend to a rental car in a foreign country?
- What is the minimum liability in my state?
If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent.
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2002 Honda Accord Car Insurance Policy Coverages
Knowing the specifics of car insurance aids in choosing appropriate coverage and proper limits and deductibles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.
Med pay and Personal Injury Protection (PIP)
Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for surgery, funeral costs and ambulance fees. They can be utilized in addition to your health insurance program or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible
Liability insurance provides protection from damages or injuries you inflict on a person or their property by causing an accident. This insurance protects YOU from legal claims by others. It does not cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 that translate to $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Another option is a combined single limit or CSL, which limits claims to one amount without having the split limit caps.
Liability can pay for things such as legal defense fees, court costs, pain and suffering and repair costs for stationary objects. How much coverage you buy is a decision to put some thought into, but it is cheap coverage, so purchase as much as you can afford.
This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible, then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things like a broken windshield, fire damage, rock chips in glass and damage from getting keyed. The maximum payout a car insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Uninsured/Underinsured Motorist (UM/UIM)
Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your Honda Accord.
Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Most of the time, the UM/UIM limits are similar to your liability insurance amounts.
Collision coverage covers damage to your Accord caused by a collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.
Collision insurance covers things like sideswiping another vehicle, hitting a mailbox and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also raise the deductible to bring the cost down.
2002 Honda Accord Car Insurance: The Bottom Line
People who switch companies do it for many reasons, like being labeled a high risk driver, lack of trust in their agent, an unsatisfactory settlement offer or delays in paying claims. Regardless of your reason, finding a great new company is not as difficult as it may seem.
You just read many tips on how you can reduce the price of 2002 Honda Accord insurance online. The key concept to understand is the more times you quote, the better chance you’ll have of finding lower rates. Consumers may even find the lowest rates come from an unexpected company.
The cheapest insurance can be found both online and with local insurance agents, and you need to price shop both to get a complete price analysis. Some companies do not offer you the ability to get quotes online and, many times, these small insurance companies only sell through independent insurance agents.
Frequently Asked Questions
How can I find cheaper auto insurance rates for my 2002 Honda Accord?
To find cheaper auto insurance rates for your 2002 Honda Accord, you have two options: you can either spend hours contacting agents to compare prices or you can use the internet to get rate quotes. The internet provides a convenient and efficient way to compare quotes from different insurance companies and find the best rates for your Honda Accord.
Are there any discounts available to lower the insurance rates for a 2002 Honda Accord?
Yes, car insurance companies offer several discounts. Some are applied automatically at the time of quoting, while others need to be requested. Ask the insurance provider about all available discounts to ensure you’re getting every credit possible to help reduce your premium.
What are the different coverages I should consider for my 2002 Honda Accord car insurance policy?
When choosing car insurance coverage for your 2002 Honda Accord, it’s important to understand the different policy options. Here are a few common coverages:
- Liability coverage: This coverage protects you from legal claims by others for damages or injuries you cause in an accident. It does not cover damage to your own vehicle or property.
- Comprehensive insurance: Comprehensive coverage pays for damage to your vehicle caused by events such as theft, vandalism, or natural disasters.
- Collision protection: Collision coverage covers damage to your Accord resulting from a collision with another object or vehicle.
- Uninsured/underinsured motorist (UM/UIM) coverage: This coverage protects you and your vehicle’s occupants when the at-fault driver in an accident is uninsured or underinsured.
- Medical payment (MedPay) and Personal injury protection (PIP): These coverages help with short-term medical expenses resulting from an accident, including surgery, ambulance fees, and funeral costs.
How do I know which coverage options and limits are right for my 2002 Honda Accord?
Choosing the right coverage options and limits depends on your individual needs and circumstances. Consider factors such as your budget, driving habits, and the value of your vehicle. If you’re unsure about the coverage options that suit you best, consult with a licensed insurance agent who can provide personalized guidance.
Where can I compare auto insurance quotes for my 2002 Honda Accord?
A great way to compare auto insurance quotes for your 2002 Honda Accord is with our free online quote comparison tool. Simply enter your ZIP code, and you’ll be able to view quotes from multiple insurance companies.
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