Cheapest 2006 Honda Accord Insurance Rates in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 3, 2023

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Nobody likes having to buy insurance, particularly when their premiums are too high. Since consumers have many different company options, it can be challenging to find the lowest price company.

It’s a great practice to compare rates on a regular basis because rates are usually higher with each renewal. If you had the lowest rates for Accord coverage a few years ago you can probably find a better price now. There is a lot of wrong information about insurance on the internet, so with this article, you’re going to get some great ways to stop overpaying for insurance.

Finding cheaper protection is simple if you know the tricks. If you have a policy now or need a new policy, you can use these techniques to reduce the price you pay and still get good coverage. Vehicle owners only need an understanding of the proper way to compare prices online.

Save big with these six discounts

The cost of insuring your cars can be expensive, but you can get discounts to reduce the price significantly. Certain discounts will be applied when you quote, but a few need to be manually applied before you get the savings. If you don’t get every credit available, you are paying more than you should be.

  • New Vehicle Savings – Adding a new car to your policy is cheaper because new vehicles have to meet stringent safety requirements.
  • Federal Government Employee – Simply working for the federal government may qualify you for a discount for Accord coverage with certain companies.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags may earn rate discounts of up to 25% or more.
  • One Accident Forgiven – A few companies allow you one accident before raising your premiums if you are claim-free for a particular time prior to the accident.
  • Payment Method – If you pay your entire premium ahead of time instead of monthly or quarterly installments you can actually save on your bill.
  • Discounts for Safe Drivers – Safe drivers can get discounts for up to 45% lower rates for Accord coverage than less cautious drivers.

It’s important to understand that most credits do not apply to your bottom line cost. Some only apply to individual premiums such as collision or personal injury protection. So despite the fact that it appears adding up those discounts means a free policy, it doesn’t quite work that way. Any qualifying discounts will bring down your overall premium however.

To see a list of insurers offering car insurance discounts, click here to view.

How to Compare Car Insurance Costs

Comparing car insurance rates can be exhausting if you don’t understand the most efficient way. You can spend your afternoon driving to local insurance agents in your area, or you could use online quoting to achieve your goal.

Many insurance companies are enrolled in a marketplace where insurance shoppers enter their policy data once, and each company can provide price quotes based on that data. This prevents consumers from doing repetitive form submissions for each company.

To enter your information into the quoting system, click here to start a free quote.

The single downside to comparing rates this way is that consumers can’t choose which insurance companies to get quotes from. So if you prefer to pick from a list of companies to request quotes from, we have a listing of car insurance companies in your area. Click to view list.

Whichever method you choose, make darn sure you compare exactly the same coverages on every quote. If you are comparing different limits and deductibles on each one it will be very difficult to decipher which rate is best.

But I don’t know anything about car insurance

When it comes to buying proper insurance coverage for your vehicles, there is no best way to insure your cars. Everyone’s needs are different so your insurance needs to address that. These are some specific questions can aid in determining whether your personal situation will benefit from professional help.

  • I have health insurance so do I need medical payments coverage?
  • How high should deductibles be on a 2006 Honda Accord?
  • Should I have a commercial auto policy?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Are rock chip repairs covered?
  • Will filing a claim cost me more?
  • What happens if I owe more than my 2006 Honda Accord is worth?

If you’re not sure about those questions but a few of them apply, you may need to chat with a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It only takes a few minutes and can help protect your family.

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Insurance coverage options for a 2006 Honda Accord

Understanding the coverages of your policy can be of help when determining the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Below you’ll find the normal coverages offered by insurance companies.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like sustaining damage from a pot hole, damaging your car on a curb and backing into a parked car. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to save money on collision insurance.

UM/UIM Coverage

This protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Honda Accord.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently the UM/UIM limits are similar to your liability insurance amounts.

Coverage for liability

This can cover damage that occurs to other’s property or people. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Some companies may use a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability can pay for things like legal defense fees, repair costs for stationary objects and attorney fees. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive or Other Than Collision

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as theft, hail damage, a broken windshield, hitting a deer and rock chips in glass. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Medical costs insurance

Med pay and PIP coverage reimburse you for expenses for things like ambulance fees, nursing services, X-ray expenses and EMT expenses. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and may carry a deductible

Save your hard earned cash

Cost effective 2006 Honda Accord insurance is attainable from both online companies and also from your neighborhood agents, and you need to comparison shop both so you have a total pricing picture. Some companies may not provide online quoting and most of the time these small, regional companies sell through independent agents.

As you shop your coverage around, it’s a bad idea to buy poor coverage just to save money. In many instances, someone dropped physical damage coverage and learned later that their decision to reduce coverage ended up costing them more. The aim is to buy the best coverage you can find for the lowest price while not skimping on critical coverages.

Additional resources

Use our FREE quote tool to compare rates now!

Frequently Asked Questions

Are there any specific factors that affect insurance rates for a 2006 Honda Accord?

Yes, several factors can influence insurance rates for a 2006 Honda Accord. Some common factors include:

  • Driver’s age and driving record: Younger drivers and those with a history of accidents or traffic violations may face higher rates.
  • Location: Insurance rates can vary based on where you live due to factors like crime rates and population density.
  • Vehicle usage: If you primarily use your Honda Accord for commuting or business purposes, it could impact your insurance rates.
  • Insurance coverage and deductibles: The amount and type of coverage you choose, as well as the deductible amount, can affect your premium.

Can I get discounts on insurance for my 2006 Honda Accord?

Yes, many insurance providers offer discounts that may help reduce your insurance premium for a 2006 Honda Accord. Some common discounts include:

  • Multi-policy discount: Insuring multiple vehicles or bundling your car insurance with other policies like home or renters insurance.
  • Safe driver discount: Having a clean driving record, free of accidents or traffic violations.
  • Anti-theft discount: Installing security features or anti-theft devices in your Honda Accord.
  • Good student discount: If you or a family member on your policy is a student with good grades, you may qualify for a discount.
  • Low mileage discount: If you drive your Honda Accord less frequently, you may be eligible for a lower premium.
  • Loyalty discount: Some insurers offer discounts to long-term customers.

Are there any specific insurance requirements for a 2006 Honda Accord?

Insurance requirements can vary by state and individual circumstances. However, in general, liability insurance is typically mandatory in most states. Liability coverage helps pay for damages you cause to others in an accident. Beyond that, additional coverage options such as collision, comprehensive, and uninsured/underinsured motorist coverage may be available but are not mandatory in all states.

Can I reduce my insurance premium by adjusting my coverage for a 2006 Honda Accord?

Yes, adjusting your coverage can affect your insurance premium for a 2006 Honda Accord. Increasing your deductibles and reducing coverage limits may lower your premium, but it’s essential to ensure that the coverage still meets your needs and financial situation. However, remember that reducing coverage may also leave you more financially exposed in the event of an accident or damage to your vehicle.

Is it worth getting collision and comprehensive coverage for a 2006 Honda Accord?

Whether collision and comprehensive coverage are worth it for your 2006 Honda Accord depends on several factors. Consider the following points when deciding:

  • Vehicle value: Assess the current market value of your 2006 Honda Accord. If the value is low, the cost of collision and comprehensive coverage may outweigh the potential payout in the event of an accident or damage.
  • Financial situation: Consider your ability to cover repair or replacement costs out-of-pocket if your vehicle is damaged or stolen.
  • Risk factors: Evaluate factors such as your location, frequency of accidents or thefts in the area, and your driving habits. If these factors indicate a higher risk of incidents, comprehensive coverage may be more beneficial.
  • Lender requirements: If you have a loan or lease on your 2006 Honda Accord, the lender may require collision and comprehensive coverage until the loan is paid off.

Are there any specific tips for maintaining low insurance rates for a 2006 Honda Accord?

Yes, here are a few tips to help maintain low insurance rates for your 2006 Honda Accord:

  • Practice safe driving: Avoid accidents and traffic violations to maintain a clean driving record.
  • Regular vehicle maintenance: Keep your Honda Accord in good condition, ensuring that all safety features are functioning correctly.
  • Update your insurance provider: Inform your insurance company about any changes that may lower your premium, such as a change in driving habits, a relocation to a safer area, or installing anti-theft devices.
  • Regularly review your policy: Periodically reassess your coverage needs and compare quotes from different insurance providers to ensure you are still getting the best rates.

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