Best Ways to Save on Detroit Honda Accord Crosstour Insurance

Shockingly, a large majority of insurance policyholders in Michigan kept their policy with the same company for four years or more, and virtually 40% of consumers have never compared insurance rates at all. With the average premium in America being $1,847, drivers could save approximately $860 each year just by getting comparison quotes, but most just don’t grasp the amount of savings they would get if they swap their current policy for a cheaper one.

Really, the only way to get discount Honda Accord Crosstour insurance in Detroit is to begin comparing prices regularly from companies that insure vehicles in Michigan. Prices can be compared by following these guidelines.

1. Try to learn a little about how companies set rates and the changes you can make to prevent rate increases. Many rating criteria that cause high rates like at-fault accidents, speeding tickets, and your credit history can be eliminated by making lifestyle changes or driving safer. This article gives more details to prevent expensive rate increases and find additional discounts you may qualify for.
2. Compare prices from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from one company like GEICO or Farmers Insurance, while agents who are independent can give you price quotes for a wide range of insurance providers.
3. Compare the quotes to the price on your current policy to determine if you can save on Accord Crosstour insurance. If you find a lower rate and make a switch, make sure coverage does not lapse between policies.
4. Provide written notification to your current company of your intention to cancel your current coverage and submit a down payment along with a completed application to your new company or agent. As soon as coverage is bound, place your new certificate verifying proof of insurance with your vehicle’s registration.

The key thing to know about shopping around is that you use identical limits and deductibles on every price quote and and to get quotes from as many companies as possible. Doing this provides a level playing field and a good representation of prices.

Our objective is to tell you the most effective way to quote insurance and some money-saving tips. If you are paying for car insurance now, you will be able to find better prices using this strategy. Nevertheless, Michigan drivers need to learn the methods companies use to charge you for coverage because rates fluctuate considerably.

The easiest way to compare rate quotes for Honda Accord Crosstour insurance in Detroit is to take advantage of the fact auto insurance companies provide online access to give you rate quotes. The one thing you need to do is provide information including coverage limits, marital status, how much education you have, and if the car is leased. Your insurance information is submitted instantly to multiple companies and they return rate quotes very quickly.

To get price quotes for your Honda Accord Crosstour now, click here and enter your coverage details.

The companies in the list below can provide price quotes in Michigan. If you want to find cheap auto insurance in Detroit, we recommend you visit two to three different companies to find the most competitive car insurance rates.

Honda Accord Crosstour insurance rate analysis

The table displayed next highlights estimates of insurance costs for Honda Accord Crosstour models. Being more informed about how insurance policy rates are determined can be of help when making informed decisions when comparing rates.

Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Information does not factor in specific location which can change rates substantially.

Rate comparison for different deductibles

One of the more difficult decisions when buying car insurance is what deductibles to buy. The data tables below determine how much more you’ll pay when you buy lower versus higher policy deductibles. The first set of prices uses a $100 physical damage deductible and the second set of prices uses a $1,000 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Information does not factor in vehicle garaging location which can modify price quotes noticeably.

Based on this data, we can arrive at the conclusion that using a $100 deductible would cost the average driver about $72 more each month or $864 a year than buying the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 13 months between claim filings, you would save more money going with the higher deductible. Here is a better example of how this decision is made.

The example below highlights how deductible choice and can increase or decrease Honda Accord Crosstour insurance rates for each different age category. The data is based on a single female driver, comp and collision included, and no discounts are applied.

Car insurance cost for men versus women in Detroit

The diagram below illustrates the difference between Honda Accord Crosstour insurance costs for male and female drivers. The rates are based on no accidents or driving violations, comprehensive and collision coverage, $100 deductibles, drivers are not married, and no other discounts are factored in.

Honda Accord Crosstour liability rates compared to full coverage

The example below illustrates the difference between Honda Accord Crosstour premium costs with full physical damage coverage and with liability coverage only. The data is based on no claims or driving citations, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.

When to stop buying comprehensive and collision coverage

There is no clear-cut rule of when to drop full coverage on your policy, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.

For example, let’s assume your Honda Accord Crosstour replacement cost is $3,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $2,000 after paying the physical damage deductible. If you are paying in excess of $200 a year to have full coverage, then you might want to consider buying only liability coverage.

There are some situations where buying only liability insurance is not advised. If you still owe money on your vehicle, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

Insurance does more than just protect your car

Despite the high cost, buying insurance may not be optional for several reasons.

• Just about all states have mandatory insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability in order to drive the car legally. In Michigan these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you took out a loan on your vehicle, most lenders will require you to have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If you cancel or allow the policy to lapse, the lender may insure your Honda at a much higher rate and force you to pay a much higher amount than you were paying before.
• Insurance safeguards both your vehicle and your personal assets. It will also reimburse you for hospital and medical expenses that are the result of an accident. As part of your policy, liability insurance will also pay attorney fees if you are named as a defendant in an auto accident. If your vehicle suffers damage from an accident or hail, your insurance policy will pay to repair the damage minus the deductible amount.

The benefits of having insurance are without a doubt worth the cost, particularly when you have a large claim. On average, a vehicle owner in Detroit is overpaying more than $850 per year so it’s recommended you shop around each time the policy renews to save money.

Auto insurance 101

Learning about specific coverages of a insurance policy aids in choosing the best coverages and the correct deductibles and limits. Insurance terms can be confusing and coverage can change by endorsement.

Liability coverages – Liability coverage protects you from damages or injuries you inflict on other people or property. This coverage protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 20/40/10 that translate to a limit of $20,000 per injured person, a total of $40,000 of bodily injury coverage per accident, and property damage coverage for $10,000. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers things like emergency aid, repair costs for stationary objects, funeral expenses and medical expenses. How much liability should you purchase? That is your choice, but consider buying as much as you can afford. Michigan state law requires minimum liability limits of 20/40/10 but it’s recommended drivers buy more coverage.

The next chart demonstrates why low liability limits may not be adequate.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP kick in for immediate expenses like X-ray expenses, surgery, prosthetic devices, chiropractic care and rehabilitation expenses. They are used in conjunction with a health insurance plan or if you lack health insurance entirely. They cover you and your occupants and also covers being hit by a car walking across the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision coverage – Collision insurance pays for damage to your Accord Crosstour caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for things like rolling your car, colliding with another moving vehicle and hitting a mailbox. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible on your Accord Crosstour in order to get cheaper collision rates.

Comprehensive insurance – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as vandalism, hitting a bird, a tree branch falling on your vehicle, rock chips in glass and hail damage. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many Michigan drivers have only the minimum liability required by law (Michigan limits are 20/40/10), their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Most of the time these limits are set the same as your liability limits.

Quote more and you will save more

There are still a few companies who may not have internet price quotes and usually these regional insurance providers sell through local independent agents. Discount Honda Accord Crosstour insurance can be found both online in addition to many Detroit insurance agents, so you need to compare both to have the best selection.

While you’re price shopping online, make sure you don’t reduce coverage to reduce premium. There are a lot of situations where drivers have reduced liability limits or collision coverage and found out when filing a claim that they should have had better coverage. The aim is to buy enough coverage for the lowest price, but don’t skip important coverages to save money.

Consumers leave their current company for a variety of reasons including lack of trust in their agent, unfair underwriting practices, an unsatisfactory settlement offer and even not issuing a premium refund. Whatever your reason, finding the right insurance provider is not as difficult as it may seem.

More information is located at the links below

• How Can I Save Money on Auto Insurance? (Insurance Information Institute)
• Who Has Cheap Detroit Car Insurance Quotes for Police Officers? (FAQ)
• Who Has Affordable Auto Insurance for Drivers with a DUI in Detroit? (FAQ)
• Who Has Affordable Car Insurance Quotes for a Toyota RAV4 in Detroit? (FAQ)
• Who Has Affordable Auto Insurance Rates for a Kia Optima in Detroit? (FAQ)
• How Much Does Car Insurance Go Up After a Speeding Ticket? (DetroitInsure.com)
• Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
• Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)