Find Cheaper Honda Accord Crosstour Insurance in Anchorage

Saving money on Honda Accord Crosstour insurance in Anchorage might be kind of frustrating for drivers new to online insurance quotes. Drivers have so many companies to choose from that it can easily become a big hassle to find cheaper prices in Alaska.

A recent NerdWallet.com study revealed that a large majority of car insurance policyholders kept their policy with the same company for at least four years, and approximately 38% of consumers have never compared rates with other companies. Anchorage insurance shoppers could cut their rates by approximately 35% a year, but they just assume it takes a lot of time to compare rate quotes online.

When shopping for inexpensive Anchorage car insurance quotes, there are a couple of ways of comparing rate quotes from insurance companies in your area. The best method to do a complete rate comparison consists of obtaining rate quotes online. Keep in mind that comparing all the rates in your area increases the chance that you will find a lower rate. Some smaller insurers do not give price estimates online, so it’s recommended that you also compare prices from them, too.

The following companies have been selected to offer price comparisons in Alaska. If your goal is to find cheaper auto insurance in Anchorage, AK, we suggest you visit several of them in order to get a fair rate comparison.

Save with these price cutting discounts

Companies don’t always advertise every possible discount in an easy-to-find place, so we break down a few of the more well known and the harder-to-find discounts that you may qualify for.

• Passenger Safety Discount – Vehicles with factory air bags and/or automatic seat belt systems can get savings of 25 to 30%.
• Driving Data Discount – Insureds that choose to allow companies to spy on vehicle usage by using a telematics device like Drivewise from Allstate or In-Drive from State Farm may see discounts as long as they are good drivers.
• Employee of Federal Government – Active or former government employment can save as much as 8% depending on your company.
• Anchorage Homeowners Discount – Owning a home in Anchorage can help you save on insurance because owning a home requires personal responsibility.
• Switch and Save Discount – A few companies offer discounts for buying a policy early. You could save around 10% when you buy Anchorage car insurance online.
• Drive Safe and Save – Drivers without accidents can pay as much as 50% less compared to rates paid by drivers with frequent claims.
• More Vehicles More Savings – Drivers who insure all your vehicles on one policy may reduce the rate for each vehicle.
• Multi-line Discount – If the company offers life insurance, you could get lower rates if you buy a life policy as well.
• Seat Belt Discounts – Drivers who require all vehicle occupants to use a seat belt may be able to save a few bucks on the medical payments or PIP coverage costs.

As a sidenote, most discounts do not apply to your bottom line cost. Some only reduce the price of certain insurance coverages like collision or personal injury protection. So when the math indicates it’s possible to get free car insurance, companies don’t profit that way.

The chart below visualizes the comparison of Honda Accord Crosstour auto insurance rates with and without some available policy discounts. Data assumes a female driver, a clean driving record, no at-fault accidents, Alaska state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, homeowner, safe-driver, multi-policy, and multi-car discounts applied.

A list of companies and their offered discounts are outlined below.

• GEICO policyholders can earn discounts including anti-theft, good student, defensive driver, emergency military deployment, multi-vehicle, air bags, and five-year accident-free.
• MetLife offers discounts including good student, defensive driver, multi-policy, claim-free, accident-free, and good driver.
• State Farm may have discounts that include driver’s education, Drive Safe & Save, defensive driving training, safe vehicle, and good driver.
• Progressive may offer discounts for online quote discount, continuous coverage, good student, homeowner, multi-policy, and online signing.
• Mercury Insurance includes discounts for accident-free, multi-car, good driver, ease of repair, and age of vehicle.
• 21st Century has savings for automatic seat belts, air bags, theft prevention, defensive driver, anti-lock brakes, and teen driver.
• Allstate has discounts for farm vehicle, early signing, teenSMART discount, good payer, anti-theft, multi-policy, and auto/life discount.

If you are trying to find low cost Anchorage car insurance quotes, ask each company which discounts they offer. Some credits may not apply to policies in your state. To see a list of companies that provide some of the discounts listed above in Alaska, click here.

Analysis of coverages

The coverage table displayed below covers detailed analysis of coverage costs for Honda Accord Crosstour models. Having a good grasp of how insurance policy rates are formulated can be valuable when making smart choices when purchasing an insurance policy.

Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Rate quotes do not factor in specific location information which can influence prices substantially.

Analysis of deductible levels

One of the most common auto insurance questions is how high should the physical damage coverage deductibles be. The following tables can help illustrate the premium difference when you choose different comp and collision deductibles. The first pricing table uses a $100 physical damage coverage deductible and the second price grid uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Prices do not factor in vehicle garaging location which can affect premium rates considerably.

Based on the figures above, using a $100 deductible costs an average of $29 more each month or $348 a year across all Honda Accord Crosstour models than choosing the higher $1,000 deductible. Because you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 31 months between claim filings, you would probably come out ahead by selecting a higher deductible.

Honda Accord Crosstour insurance costs by gender and age in Anchorage

The illustration below shows the comparison of Honda Accord Crosstour car insurance rates for male and female drivers. The information is based on no claims or driving citations, full coverage, $500 deductibles, marital status is single, and no discounts are taken into consideration.

Full coverage rates compared to liability-only

The information below illustrates the comparison of Honda Accord Crosstour insurance costs with and without physical damage coverage. The rates are based on a clean driving record, no claims, $100 deductibles, drivers are single, and no discounts are taken into consideration.

When to stop paying for full coverage

There is no definitive formula that is best for determining when to drop full coverage, but there is a guideline you can consider. If the annual cost of coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.

For example, let’s assume your Honda Accord Crosstour replacement cost is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $5,000 after the deductible is paid. If you are paying more than $500 a year to have full coverage, then you may need to consider dropping full coverage.

There are some conditions where dropping physical damage coverage is not a good idea. If you still owe a portion of the original loan, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.

The Honda Accord Crosstour Insurance Cost Equation

Many different elements are part of the equation when pricing auto insurance. A few of the factors are predictable like an MVR report, although some other factors are less apparent such as your credit history or your vehicle rating. It’s important that you understand some of the factors that go into determining car insurance rates. When you know what positively or negatively impacts premium levels, this allows you to make good choices that can help you get lower car insurance prices.

Discounts for married couples – Getting married can actually save you money on your car insurance policy. It demonstrates that you tend to be more mature and statistics show married drivers tend to have fewer serious accidents.

Small claims can cost you – Insurance companies in Alaska generally give discounts to policyholders who file claims infrequently. If you are a frequent claim filer, you can expect increased rates or even have your policy non-renewed. Insurance coverage is designed for claims that pose a financial burden.

Prevent theft and save – Driving a car that has a built-in theft deterrent system can save you a little every year. Systems that thwart thieves like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping vehicle theft.

Low deductibles can be expensive – Physical damage deductibles represent how much money you are willing to pay if the claim is covered. Coverage for physical damage, also called comprehensive and collision insurance, insures against damage to your car. Some examples of covered claims are rear-ending another vehicle, fire damage, and damage from wind. The more money you pay before a claim is paid (deductible), the lower your rates will be.

Certain employers raise premiums – Careers such as military personnel, executives, and accountants tend to pay higher average rates in part from high stress and lengthy work days. Other jobs such as scientists, engineers and retirees generally pay rates lower than average.

Bundle policies with the same company – Some companies will give lower prices to people who have multiple policies with them, otherwise known as a multi-policy discount. Even if you already get this discount, you may still want to compare other Anchorage Accord Crosstour insurance rates to ensure the best deal.There is a chance you can find a better deal even if you insure with multiple companies

Poor driving means higher premiums – A bad driving record has a big impact on rates. Even one moving violation can boost insurance rates to the point where it’s not affordable. Drivers with clean records have lower premiums than people who have multiple driving citations. Drivers who get flagrant violations like DWI, reckless driving or hit and run convictions may find that they have to to submit a SR-22 form with their state’s department of motor vehicles in order to prevent a license revocation.

The diagram below highlights how speeding tickets and at-fault claims impact Honda Accord Crosstour premium costs for different categories of driver ages. The price estimates are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.

Loss probability for a Honda Accord Crosstour – Companies factor in historical loss data to help calculate premium prices. Vehicles that tend to have higher claim amounts or frequency will have increased rates. The table shown below demonstrates the historical insurance loss data for Honda Accord Crosstour vehicles.

For each policy coverage, the claim probability for all vehicles as a whole is set at 100. Numbers below 100 mean the vehicle has better than average losses, while values that are above 100 indicate a higher chance of having a claim or tendency to have larger claims.