To save the most money, the best way to get cheaper Honda Accord Hybrid insurance is to compare prices annually from different companies in El Paso. This can be done by following these steps.
First, take a little time to learn about policy coverages and the modifications you can make to lower rates. Many policy risk factors that result in higher prices like at-fault accidents, speeding tickets, and a low credit score can be controlled by being financially responsible and driving safely.
Second, compare rates from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from a single company like GEICO or State Farm, while independent agencies can quote rates for a wide range of insurance providers. View rates
Third, compare the new rate quotes to the price on your current policy to see if a cheaper price is available. If you can save money, make sure there is no lapse between the expiration of your current policy and the new one.
The key thing to know about shopping around is to compare identical deductibles and limits on every price quote and and to get prices from every company you can. This helps ensure a fair price comparison and a complete rate analysis.
We don’t have to point out that fact that auto insurance companies want to keep you from shopping around. Insureds who rate shop once a year will most likely buy a new policy because there is a good chance of finding a more affordable policy. A recent car insurance study revealed that consumers who shopped around every year saved on average $3,450 over four years compared to people who never shopped around for better prices.
If finding the most affordable Honda Accord Hybrid insurance in El Paso is your target objective, then having a good understanding the best way to shop and compare insurance can help simplify the task of finding more affordable coverage.
If you already have coverage, you should be able to find better prices using the ideas you’re about to read. Obtaining price quotes for the lowest cost policy in El Paso is simple if you know the tricks. But Texas drivers must know the way companies sell online because it can help you find the best coverage.
Low Cost companies for Honda Accord Hybrid insurance in Texas
The companies in the list below have been selected to offer price comparisons in Texas. If the list has multiple companies, it’s a good idea that you visit several of them in order to find the most competitive rates.
Informed Consumers Can Slash Their Insurance Costs
The best way to find cheaper insurance is to take a look at a few of the rating criteria that help determine insurance rates. If you know what determines premiums, this allows you to make good choices that could result in lower premium levels. Many factors are used in the calculation when pricing auto insurance. Some are obvious such as traffic violations, but some are not quite as obvious such as whether you are married and annual miles driven.
The items below are some of the most common factors used by insurance companies to determine rates.
Tickets hurt – Having a single speeding ticket could increase your next policy renewal by twenty percent. Drivers with clean records receive lower rates than bad drivers. Drivers who have received multiple violations like DUI or willful reckless driving might be required by their state to submit a SR-22 or proof of financial responsibility with their state’s licensing department in order to prevent a license revocation.
Raise deductibles and save – Comp and collision deductibles represent how much money you are willing to pay out-of-pocket before a claim is paid by your company. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Examples of some claims that would be covered could be a windshield broken by a bird, hail damage, and damage caused by road hazards. The more expense the insured has to pay upfront, the lower your rates will be.
Stress out and pay more – Occupations such as doctors, social workers, and stock brokers tend to pay the highest rates in part from job stress and incredibly demanding work hours. Other careers such as professors, students and the unemployed receive lower rates.
Gender impacts premiums – The statistics show that females take fewer risks when driving. However, this does not mean women are better drivers. Women and men are responsible for auto accidents at about the same rate, but the male of the species have costlier accidents. Men also tend to get higher numbers of serious violations like driving under the influence (DUI). Teenage male drivers generally have the highest accident percentage so it costs more to insure them.
Too many claims and you’ll pay more – If you are a frequent claim filer, don’t be surprised to see much higher rates or policy non-renewal. Companies in Texas provide lower rates to insureds who are claim-free. Auto insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
Insurance loss probability for a Honda Accord Hybrid – Companies analyze the history of losses when setting premium rates. Vehicles that tend to have a trend towards higher claims will have a higher cost to insure.
The table below shows the historical insurance loss data for Honda Accord Hybrid vehicles. For each coverage category, the claim probability for all vehicles, as a total average, is set at 100. Percentages below 100 suggest a positive loss record, while values over 100 indicate more frequent losses or a tendency for claims to be larger.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Honda Accord Hybrid | 96 | 80 | 98 | 89 | 76 | 84 |
Statistics from IIHS.org for 2013-2015 Model Years
Do you qualify for discounts on Honda Accord Hybrid insurance in El Paso?
Not many people think insurance is cheap, but you might be missing out on some discounts to help bring down the price. Certain credits will be shown at the time of purchase, but a few must be asked about before you get the savings.
- Discount for Swiching Early – Some car insurance companies provide a discount for renewing your policy before your current coverage expires. It’s a savings of about 10%.
- Accident Free – Good drivers with no accidents have much lower rates when compared with bad drivers.
- Telematics Devices – Drivers who elect to allow companies to monitor their driving habits by using a telematic data system like In-Drive from State Farm and Progressive’s Snapshot might get better premium rates if their driving habits are good.
- Seat Belts Save – Buckling up and requiring all passengers to buckle their seat belts can save 10% or more off PIP or medical payments premium.
- Distant Student – Youth drivers who are enrolled in higher education away from home and do not have a car can be insured at a reduced rate.
- Accident Forgiveness Coverage – Not really a discount, but a few companies such as Allstate, Progressive, and GEICO permit an accident without getting socked with a rate hike if your claims history is clear prior to the accident.
- Defensive Driver Discount – Passing a course teaching safe driver skills could cut 5% off your bill if you qualify.
Discounts lower rates, but many deductions do not apply to the whole policy. The majority will only reduce individual premiums such as comprehensive or collision. So even though it sounds like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.
Companies that may have some of the discounts shown above include:
If you are trying to find cheaper El Paso auto insurance quotes, ask each insurance company to give you their best rates. Some of the discounts discussed earlier may not be offered everywhere. To choose companies with discount car insurance rates in Texas, click this link.
Buying auto insurance from El Paso auto insurance agents
A lot of people still like to talk to a local agent and there is nothing wrong with that. A nice benefit of comparing insurance prices online is you may find the lowest rates and still choose a local agent.
To help locate an agent, after submitting this short form, your insurance data is instantly submitted to companies in El Paso that can provide free El Paso auto insurance quotes for your auto insurance coverage. You won’t even need to drive around as quotes are delivered immediately to your email address. You’ll get the best rates without requiring a lot of work. If you wish to compare rates from one company in particular, just go to their quote page and give them your coverage information.
Finding the right insurance company requires you to look at more than just the quoted price. Any agent in El Paso should be forthright in answering these questions:
- Do they have any clout with companies to ensure a fair claim settlement?
- Are aftermarket or OEM parts used to repair vehicles?
- Will their companies depreciate repairs to your car based on the mileage?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Has the agent ever had any license suspensions?
- Can they give you a list of client referrals?
- What companies can they write with?
- By raising physical damage deductibles, how much would you save?
Insurance agent types
If you are wanting to find a reputable agency, you should know the different types of agents and how they differ in how they can insure your vehicles. Agents in El Paso can either be exclusive or independent.
Exclusive Auto Insurance Agencies
Agents that choose to be exclusive can only quote rates from one company like Farmers Insurance, State Farm, or Allstate. Exclusive agents cannot give you multiple price quotes so they have no alternatives for high prices. Exclusive agents are well trained on sales techniques which aids in selling service over price. Many people buy insurance from these agents mainly due to loyalty to the company and solid financial strength.
The following are El Paso exclusive agencies who may provide you with comparison quotes.
- Tessie Maestas – State Farm Insurance Agent
4727 Hondo Pass Dr b – El Paso, TX 79904 – (915) 757-1090 – View Map - Terry Jimenez – State Farm Insurance Agent
3500 N Mesa St g – El Paso, TX 79902 – (915) 532-1456 – View Map - Paul Rosales – State Farm Insurance Agent
2731 Montana Ave c – El Paso, TX 79903 – (915) 566-3933 – View Map
Independent Auto Insurance Agents
These type of agents do not sell for just one brand so they have the ability to put coverage with lots of companies and potentially find a lower price. If they quote lower rates, your policy is moved internally and you don’t have to do anything. When comparing rates, it’s recommended you get insurance quotes from independent agents to ensure the widest selection of prices. Many write coverage with smaller regional carriers that may provide cheaper auto insurance rates.
Listed below are independent agencies in El Paso willing to provide comparison quotes.
- Colonial Insurance
1515 Lee Trevino Dr – El Paso, TX 79936 – (915) 590-4099 – View Map - Pan American Insurance
7399 Alameda Ave – El Paso, TX 79915 – (915) 772-9000 – View Map - Texas Auto Insurance Agency
1491 Lee Trevino Dr # G – El Paso, TX 79936 – (915) 594-4400 – View Map
One last thing about your coverage
Consumers change insurance companies for any number of reasons including extreme rates for teen drivers, delays in responding to claim requests, questionable increases in premium or policy non-renewal. Whatever your reason, choosing a new company can be easy and end up saving you some money.
We just presented a lot of ways to find lower-cost Honda Accord Hybrid insurance in El Paso. The key thing to remember is the more rate comparisons you have, the better likelihood of getting the cheapest Honda Accord Hybrid rate quotes. Consumers may even find the best car insurance rates are with a lesser-known regional company.
While you’re price shopping online, never buy lower coverage limits just to save a few bucks. There have been many cases where consumers will sacrifice physical damage coverage to discover at claim time that the small savings ended up costing them much more. The aim is to buy the best coverage you can find at the best possible price and still be able to protect your assets.
Other articles
- Help Your Teen Be a Better Driver (State Farm)
- Understanding Limits and Deductibles (Allstate)
- Insurance Losses by Make and Model (iihs.org)