Best Ways to Save on Chicago Honda Accord Crosstour Insurance

Are you sick and tired of paying out the nose to make your car insurance payment? Your situation is no different than many other Illinois consumers.

Statistics show that the vast majority of drivers have remained with the same car insurance company for well over three years, and virtually 40% of consumers have never shopped around. Chicago drivers could save an average of about $600 each year just by comparing rates, but most just don’t grasp the rate savings if they switch to a new company.

Due to the abundance of options when it comes to car insurance, it’s nearly impossible to choose a more affordable insurance company.

Just keep in mind that more quotes gives you a better chance of getting lower pricing. Not every company provides online Chicago Accord Crosstour insurance quotes, so you should also compare rates from the smaller companies as well.

The companies shown below provide comparison quotes in Chicago, IL. If several companies are displayed, we recommend you compare several of them to find the cheapest auto insurance rates.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Illinois minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Rate information does not factor in specific Chicago garaging location which can impact coverage prices substantially.

Auto insurance premiums by gender

The diagram below shows the comparison of Honda Accord Crosstour insurance costs for male and female drivers. The information is based on no claims or driving violations, comp and collision included, $1,000 deductibles, single marital status, and no discounts are taken into consideration.

Difference between liability only and full coverage rates

The chart below illustrates the difference between Honda Accord Crosstour yearly insurance costs with and without physical damage coverage. The rate quotes are based on no accidents, no driving violations, $500 deductibles, single female driver, and no other discounts are factored in.

When to eliminate full coverage

There is no set rule for excluding physical damage coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s say your Honda Accord Crosstour claim settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $6,000 after paying your deductible. If you are currently paying more than $600 annually for comprehensive and collision coverage, then you might consider buying liability only.

There are a few cases where only buying liability is not financially feasible. If you have an outstanding loan on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not opt for liability only.

Deductible comparison

One common question asked by Chicago drivers is how high should your deductibles be. The comparisons below show the differences in price of buying low and high insurance deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second set of rates uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Illinois minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Rates do not factor in garaging location in Chicago which can revise coverage prices substantially.

Based on the data above, we can derive that using a $250 deductible will cost you about $20 more each month or $240 annually than quoting the higher $1,000 deductible. Because you would be required to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you average at a minimum 38 months between claims, you would most likely save money by selecting a higher deductible.

Auto insurance agents are trained to help

Many people still like to have an agent’s advice and that is not a bad decision The biggest benefit of comparing rates online is that drivers can save money and get cheap rate quotes and still buy from a local agent. Buying insurance from neighborhood agents is definitely important in Chicago.

After filling out this short form, your coverage information is instantly submitted to local insurance agents in Chicago who can give free rate quotes for your coverage. You won’t need to find an agent on your own as quotes are delivered to you directly. You can most likely find cheaper rates and a licensed agent to talk to. If you want to compare rates from a specific insurance company, don’t hesitate to go to their quote page and fill out their quote form.

The difference between Chicago auto insurance agents

If you want a reliable agent, it helps to know the two types of agencies that you can choose from. Agents can be described as either independent or exclusive depending on the company they work for.

Independent Insurance Agents

These agents often have affiliation with several companies so they have the ability to put coverage through many different insurance companies and get you the best rates possible. If you want to switch companies, your agent can just switch to a different company which requires no work on your part. When comparing insurance prices, it’s recommended you get several quotes from several independent agencies for the best price selection.

Below is a short list of independent agencies in Chicago that may be able to provide free insurance quotes.

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Exclusive Agents

Exclusive agents can only quote rates from one company and some examples include Allstate, State Farm and Farm Bureau. Exclusive agents cannot shop your coverage around so they have no alternatives for high prices. Exclusive agents receive extensive training on their company’s products and that allows them to sell at a higher price point.

Listed below is a list of exclusive agents in Chicago that are able to give price quotes.

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Choosing an auto insurance agent shouldn’t rely on just the bottom line cost. These questions are important to ask:

• Did they already check your driving record and credit reports?
• Are they actively involved in the community?
• What insurance company do they write the most business with?
• Are there any hidden costs in their price quote and does it include driving and credit history?
• Are they able to provide referrals?