Honda Accord Insurance Rates in Las Vegas

It takes a few minutes, but the best way to get cheaper Honda Accord insurance in Las Vegas is to compare prices once a year from insurance carriers in Nevada. You can shop around by following these steps.

• Step 1: Try to comprehend car insurance and the measures you can take to keep rates in check. Many rating criteria that cause high rates like accidents, careless driving, and a negative credit rating can be amended by improving your driving habits or financial responsibility. Later in this article we will cover additional tips to prevent expensive rate increases and earn a bigger discount.
• Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO or Farmers Insurance, while agents who are independent can quote prices from many different companies.
• Step 3: Compare the new rate quotes to your existing coverage to determine if switching companies saves money. If you find a better price, verify that coverage does not lapse between policies.

An important note is that you’ll want to make sure you compare the same deductibles and limits on each quote and and to get rates from as many companies as feasibly possible. Doing this helps ensure an accurate price comparison and a good representation of prices.

A recent insurance study revealed that about 70% of customers have been with the same company for well over three years, and about 40% of consumers have never even compared rates from other companies. Consumers in Las Vegas could save roughly $500 every year, but they just don’t understand the amount of money they would save if they switch to a new company.

Get cheaper Honda Accord insurance rates in Las Vegas

Companies that sell car insurance do not advertise all available discounts in an easy-to-find place, so we took the time to find a few of the more common as well as the least known discounts that you can inquire about if you buy Las Vegas car insurance online.

• Discounts for Multiple Vehicles – Buying insurance for multiple cars or trucks with one company can get a discount for every vehicle.
• ABS and Traction Control Discounts – Cars, trucks, and SUVs that have anti-lock braking systems are much safer to drive so you can save 10 percent or more.
• Discount for Swiching Early – A few insurance companies give discounts for renewing your policy prior to your current Accord insurance policy expiration. It’s a savings of about 10%.
• Claim Free – Las Vegas drivers who stay claim-free have much lower rates in comparison to frequent claim filers.
• Safe Driver Discounts – Insureds who avoid accidents may receive a discount up to 45% than drivers with accidents.
• Seat Belt Usage – Drivers who always wear seat belts and also require passengers to fasten their seat belts can save 10% or more off the medical payments premium.
• Good Student Discount – Getting good grades can get you a discount of up to 25%. Most companies allow this discount up to age 25.
• Federal Employees – Active or former government employment can save as much as 8% depending on your insurance provider.
• Auto/Home Discount – If you have multiple policies and insure them with the same company you could get a discount of at least 10 to 15 percent or more.
• Theft Deterrent Discount – Cars, trucks, and SUVs optioned with advanced anti-theft systems have a lower chance of being stolen and will qualify for a discount on a Las Vegas car insurance quote.

Keep in mind that some credits don’t apply to all coverage premiums. Most only cut specific coverage prices like liability and collision coverage. Even though it appears you would end up receiving a 100% discount, it doesn’t quite work that way. Any amount of discount will help reduce the cost of your policy.

The diagram below illustrates the difference between Honda Accord auto insurance costs with and without some available policy discounts. The data is based on a female driver, no claims or violations, Nevada state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, claim-free, safe-driver, marriage, and multi-car discounts applied.

If you would like to view insurance companies with discount insurance rates in Nevada, click here to view.

The companies shown below offer price comparisons in Nevada. To locate the best cheap auto insurance in Las Vegas, it’s a good idea that you get price quotes from several of them to get a more complete price comparison.

Insurance coverage analysis

The data table below outlines estimates of insurance policy prices for Honda Accord models. Being able to understand how insurance premiums are figured can help customers make informed decisions.

Data rating is based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Rate information does not factor in the specific area where the vehicle is garaged which can impact premiums considerably.

Physical damage deductibles

A question often asked by Las Vegas drivers is how high should the deductibles for physical damage be. The data tables below sum up the rate differences between high and low deductibles. The first rate comparisons uses a $250 physical damage coverage deductible and the second rate table uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Rate information does not factor in the specific area where the vehicle is garaged which can revise rates noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible would cost the average driver about $12 more each month or $144 annually averaged for all Accord models than buying the higher $500 deductible. Since you would pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you go more than 21 months between claims, you would most likely save money if you elect the higher deductible.

An important thing to remember is that increasing deductibles to save money means you pay more out-of-pocket when you have a claim. You must have some savings in the bank in order to pay more for the deductible.

The example below illustrates how your deductible choice and can increase or decrease Honda Accord yearly insurance costs for each age group. The rate quotes are based on a married female driver, comp and collision included, and no discounts are applied to the premium.

Careless Las Vegas drivers pay higher rates

The chart below illustrates how speeding tickets and at-fault collisions raise Honda Accord premium costs for each age group. The information is based on a single female driver, full coverage, $1,000 deductibles, and no other discounts are factored in.

Male drivers versus female drivers

The information below visualizes the comparison of Honda Accord car insurance rates for male and female drivers. The data assumes no claims or driving violations, full physical damage coverage, $250 deductibles, marital status is single, and no discounts are applied to the premium.

Difference between liability only and full coverage rates

The illustration below visualizes the comparison of Honda Accord auto insurance rates with full physical damage coverage and with liability coverage only. The premiums are based on a clean driving record, no claims, $100 deductibles, single marital status, and no other discounts are factored in.

Guidelines for eliminating full coverage

There is no set rule of when to exclude comprehensive and collision coverage on your policy, but there is a broad guideline. If the annual cost of your full coverage insurance is more than 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.

For example, let’s assume your Honda Accord replacement cost is $7,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $6,000 after paying the physical damage deductible. If it’s costing in excess of $600 annually for full coverage, then it might be time to consider dropping full coverage.

There are some cases where buying only liability insurance is not a good plan. If you still have a loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.

What is the best auto insurance coverage?

When it comes to choosing a policy, there isn’t really a cookie cutter policy. Your needs are unique to you and your policy should reflect that.
For instance, these questions could help you determine whether or not you would benefit from professional advice.

• Should I have a commercial auto policy?
• What are the best liability limits?
• Am I covered if I hit my neighbor’s mailbox?
• Does car insurance cover theft of personal property?
• Are my company tools covered if they get stolen?
• What if I owe more than I can insure my car for?

If you can’t answer these questions but you know they apply to you, you might consider talking to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier It only takes a few minutes and you can get the answers you need.

When to have guidance from an agent

Some consumers would prefer to have an agent’s advice and there is nothing wrong with that. Insurance agents are trained risk managers and help submit paperwork. An additional benefit of comparing rates online is the fact that you can find the lowest rates and still choose a local agent.

After filling out this simple form, your information gets sent to participating agents in Las Vegas who will return price quotes for your coverage. You won’t even need to leave your computer since price quotes are sent instantly to you. If you want to get a price quote from a specific insurance provider, feel free to search and find their rate quote page to submit a rate quote request.

Selecting an insurer requires you to look at more than just the premium amount. Get answers to these questions too.

• Which insurance companies are they affiliated with?
• How would your car be valued if totaled?
• Are claims handled at the agent’s location?
• How long has the business existed?
• What is the financial rating for the quoted company?
• Are they full-time agents?
• If independent agents, which companies do they recommend?
• Is vehicle damage repaired with OEM or aftermarket parts?

Is an exclusive or independent car insurance agent right for you?

When narrowing the list to find a reputable agency, it helps to know the two different types of agencies from which to choose. Insurance policy providers can be categorized as either independent agents or exclusive agents depending on their employer. Either one can write insurance policies, but it is a good idea to know the differences since it may influence which type of agent you select.

Exclusive Insurance Agents

Agents that elect to be exclusive have only one company to place business with such as AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agencies are unable to compare rates from other companies so you might not find the best rates. They are highly trained in insurance sales which helps them compete with independent agents. Drivers often use the same exclusive agent primarily because of the brand name instead of buying on price only.

Shown below are exclusive agents in Las Vegas willing to provide price quote information.

• Mario Giannini – State Farm Insurance Agent
  9484 W Lake Mead Blvd #7 – Las Vegas, NV 89134 – (702) 982-3300 – View Map
• Jeremy Walser – State Farm Insurance Agent
  1725 S Rainbow Blvd #11 – Las Vegas, NV 89146 – (702) 367-1991 – View Map
• Mike Whitford – State Farm Insurance Agent
  6485 N Decatur Blvd #150 – Las Vegas, NV 89131 – (702) 463-2400 – View Map

More Las Vegas agents

Independent Agents

Agents in the independent channel are not limited to a single company so as a result can place your coverage amongst many companies and find you cheaper rates. If your agent finds better pricing, your agent can just switch to a different company and you don’t have to switch agencies.

When comparison shopping, we highly recommend that you contact independent agents to have the most options to choose from. Many can place coverage with companies that do not advertise much which can be an advantage.

Shown below are independent insurance agencies in Las Vegas willing to provide rate quotes.

• Insurance Group of Nevada
  US Bank Financial Center, 2300 West Sahara Avenue, Suite 800 – Las Vegas, NV 89102 – (702) 996-6434 – View Map
• Las Vegas Auto Insurance
  1953 N Decatur Blvd – Las Vegas, NV 89108 – (702) 570-5777 – View Map
• Family Trust Insurance, LLC
  6420 W Spring Mountain Rd #20 – Las Vegas, NV 89146 – (702) 212-3838 – View Map

More Las Vegas agents

The coverage is in the details

Learning about specific coverages of your car insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be confusing and coverage can change by endorsement. Below you’ll find typical coverage types available from car insurance companies.

Comprehensive or Other Than Collision – Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for things like rock chips in glass, a tree branch falling on your vehicle, a broken windshield and hail damage. The most a car insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

UM/UIM Coverage – This coverage gives you protection from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Honda Accord.

Due to the fact that many Nevada drivers have only the minimum liability required by law (15/30/10), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Collision coverage – Collision insurance pays for damage to your Accord resulting from a collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims like colliding with a tree, hitting a parking meter and crashing into a ditch. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible on your Accord in order to get cheaper collision rates.

Liability auto insurance – This coverage provides protection from damage or injury you incur to people or other property that is your fault. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 15/30/10 that translate to a limit of $15,000 per injured person, a limit of $30,000 in injury protection per accident, and a total limit of $10,000 for damage to vehicles and property.

Liability coverage protects against things such as funeral expenses, repair bills for other people’s vehicles, pain and suffering and structural damage. The amount of liability coverage you purchase is a personal decision, but consider buying as high a limit as you can afford. Nevada state minimum liability requirements are 15/30/10 but you should think about purchasing better liability coverage.

The chart below demonstrates why the minimum limit may not be adequate coverage.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for things like hospital visits, ambulance fees, surgery and EMT expenses. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and also covers if you are hit as a while walking down the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Compare. Compare. Compare.

Discount Honda Accord insurance in Las Vegas can be bought on the web as well as from insurance agents, so you need to quote Las Vegas car insurance with both to get a complete price analysis. Some companies don’t offer online rate quotes and usually these smaller providers provide coverage only through local independent agencies.

When searching for the cheapest Honda Accord rate quotes, you should never skimp on critical coverages to save a buck or two. There are too many instances where an insured dropped liability coverage limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. The aim is to find the BEST coverage at the best possible price while not skimping on critical coverages.

More tips and info about insurance is located by following these links:

• Learn About Car Insurance (GEICO)
• Who Has the Cheapest Las Vegas Auto Insurance for Veterans? (FAQ)
• Who Has the Cheapest Auto Insurance for a Honda CR-V in Las Vegas? (FAQ)
• Who Has the Cheapest Las Vegas Car Insurance Quotes for Good Drivers? (FAQ)
• Who Has the Cheapest Las Vegas Auto Insurance Rates for State Employees? (FAQ)
• Vehicle Safety Ratings (iihs.org)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)