How to Compare Milwaukee Honda Accord Insurance

No one gets a kick out of paying for auto insurance, especially when they are aware that they could find better prices if they shop around.

It’s astonishing, but nearly 70% of consumers have purchased from the same company for a minimum of four years, and 38% of drivers have never compared auto insurance rates at all. Consumers in Milwaukee can cut their rates by 30% a year, but most undervalue the amount of savings they would get if they changed companies. Having so many auto insurance companies to choose from, it is very difficult to locate the lowest price insurance company.

Cheapest companies for Honda Accord insurance in Wisconsin

The companies in the list below can provide price comparisons in Milwaukee, WI. If multiple providers are shown, we recommend you click on several of them to get the best price comparison.

Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Price information does not factor in vehicle garaging location which can raise or lower premiums considerably.

Full coverage or liability only

The chart below illustrates the difference between Honda Accord yearly insurance costs with full physical damage coverage and with liability coverage only. The price estimates are based on no violations or claims, $250 deductibles, married male driver, and no discounts are applied to the premium.

When to drop comprehensive and collision

There is no written rule of when to drop physical damage coverage on your policy, but there is a broad guideline. If the annual cost of coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s say your Honda Accord replacement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $3,000 after the policy deductible has been paid. If it’s costing you more than $300 annually for your policy with full coverage, then it might be time to consider dropping full coverage.

There are a few cases where buying only liability insurance is not a good idea. If you still owe money on your vehicle, you have to carry full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not remove full coverage.

Companies offer many discounts on Honda Accord insurance in Milwaukee

Companies offering auto insurance don’t always advertise all discounts in an easy-to-find place, so here is a list a few of the more common in addition to some of the lesser obvious auto insurance savings.

• Active Service Discounts – Being on active duty in the military may qualify for rate reductions.
• Discounts for Government Workers – Simply working for the federal government could cut as much as 10% off depending on your company.
• Fewer Miles Equal More Savings – Low mileage vehicles could qualify for slightly better prices than normal.
• Save with a New Car – Putting insurance coverage on a new Accord can get you a discount since new model year vehicles are generally safer.
• First Accident Forgiveness – Not a discount per se, but companies like Allstate, Progressive, and GEICO will allow you to have one accident before hitting you with a surcharge if your claims history is clear for a set time period.

As a disclaimer on discounts, most discounts do not apply to the whole policy. Some only reduce the price of certain insurance coverages like collision or personal injury protection. So when it seems like adding up those discounts means a free policy, you won’t be that lucky.

To choose insurance companies that can offer you the previously mentioned discounts in Wisconsin, click here.

Which is the best insurance?

When buying the best insurance coverage, there really is not a cookie cutter policy. Your financial needs are unique so your insurance should reflect that
Here are some questions about coverages that might point out if you would benefit from an agent’s advice.

• Do I need motorclub coverage?
• Which is better, split liability limits or combined limits?
• What is PIP insurance?
• Am I covered if I break a side mirror?
• I have good health insurance, so how much medical payments coverage do I need?
• Who sells insurance for high-risk drivers?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and you can get the answers you need.

Insurance agencies can find coverage gaps

Certain consumers would prefer to sit down with an agent and that is recommended in a lot of cases Professional agents are very good at helping people manage risk and give you someone to call. A good thing about comparing rate quotes online is that drivers can save money and get lower rates and also buy local. And supporting neighborhood agents is especially important in Milwaukee.

To make it easy to find an agent, after completing this short form, the quote information is instantly submitted to companies in Milwaukee who can give free rate quotes for your coverage. It makes it easy because there is no need to find an agent on your own as quotes are delivered instantly to you. If you have a need to get a price quote from a specific insurance company, you just need to visit that company’s website and fill out their quote form.

Deciding on an company requires you to look at more than just the bottom line cost. Any agent in Milwaukee should have no problem answering these questions:

• Can they provide you with a list of referrals?
• How long have they worked with personal auto insurance coverage?
• Do they assist clients in filing claims?
• Do they regularly work with personal auto policies in Milwaukee?
• If they are an independent agency in Milwaukee, which companies do they recommend?
• Does the company use OEM repair parts?

Don’t believe everything you hear

Consumers in Wisconsin can’t avoid all the ads that promise big savings from companies such as GEICO, State Farm and Progressive. They all convey the message that drivers can save some big amount if you get a free Milwaukee auto insurance quote and switch your policy.

How do they all lower your prices? It’s all in the wording.

Many companies quote the lowest rates for the type of driver that is profitable for them. An example of a preferred risk might be over the age of 40, carries high limits, and drives a car with an anti-theft system. Someone who fits that profile will get low premium rates and will most likely save some money.

Drivers who are not a match for those criteria will be quoted a higher rate and the prospect going elsewhere. Company advertisements say “people who switch” not “everyone who quotes” save money. That’s the way insurance companies can make it sound like they have such great auto insurance rates.

That is why you really should do a rate comparison at every renewal. It’s just too difficult to predict which company will have the best rates at this point in time.

Educate yourself about car insurance coverages

Knowing the specifics of car insurance can help you determine the right coverages and the correct deductibles and limits. Car insurance terms can be difficult to understand and nobody wants to actually read their policy. Below you’ll find typical coverage types available from car insurance companies.

Comprehensive coverage (or Other than Collision)

This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like damage from getting keyed, hitting a deer, vandalism and theft. The highest amount your car insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Coverage for liability

This coverage will cover injuries or damage you cause to other’s property or people by causing an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 25/50/10 that means you have a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $10,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against things such as emergency aid, bail bonds, medical expenses, legal defense fees and funeral expenses. How much coverage you buy is up to you, but you should buy higher limits if possible. Wisconsin requires minimum liability limits of 25/50/10 but you should think about purchasing better liability coverage.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses such as dental work, doctor visits, rehabilitation expenses and prosthetic devices. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. PIP is only offered in select states but can be used in place of medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your Honda Accord.

Because many people only carry the minimum required liability limits (25/50/10 in Wisconsin), their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are set the same as your liability limits.

Collision protection

This covers damage to your Accord resulting from a collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims such as scraping a guard rail, backing into a parked car and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible on your Accord to bring the cost down.

A little work can save a LOT of money

When shopping online for auto insurance, make sure you don’t skimp on coverage in order to save money. There have been many situations where someone sacrificed comprehensive coverage or liability limits only to regret at claim time they didn’t purchase enough coverage. The proper strategy is to purchase a proper amount of coverage at the best price while not skimping on critical coverages.

In this article, we presented some good ideas how to get a better price on Honda Accord insurance in Milwaukee. The key concept to understand is the more companies you get rates for, the better your chances of lowering your rates. Consumers may even find the most savings is with a small local company. Regional companies often have lower rates on specific markets compared to the large companies like State Farm or Progressive.

Even more information can be read in the articles below:

• A Tree Fell on Your Car: Now What? (Allstate)
• Who Has Cheap Milwaukee Auto Insurance for a Subaru Outback? (FAQ)
• Who Has Cheap Milwaukee Car Insurance Rates for High Risk Drivers? (FAQ)
• How Much are Car Insurance Quotes for 16 Year Olds in Milwaukee? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for 18 Year Olds in Milwaukee? (FAQ)
• Teen Driving and Texting (State Farm)
• Parking Tips to Reduce Door Dings (State Farm)
• Understanding Car Crashes Video (iihs.org)