Honda Accord insurance cost image courtesy of QuoteInspector.com
Buying cheaper coverage for a Honda Accord is pretty simple for most people to do, but it hinges on an enormous amount of factors such as miles driven annually, your address, and blemishes on your driving record. Texas drivers pay around $1,403 annually to insure their Accord, but that figure is an estimate calculated using a 30-year-old single female driver with full physical damage coverage and $250 deductibles.
This brings up the issue that more than likely you are not 30 and maybe not even a female, maybe you are married instead of single, or maybe you want different physical damage deductibles. Everyone has unique insurance needs, and this illustrates why the best method for finding the most affordable coverage for your Honda is to do your own rate comparisons. It's really quite easy you will receive prices from some of the best insurers available.
Your Honda's trim level will influence the yearly cost, so the price you will pay to insure a Accord LX 4-Dr Sedan trim level will be $498 cheaper than the cost to insure the more expensive Accord EX-L 2-Dr Coupe version, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$284||$502||$438||$26||$130||$1,380||$115|
|Accord EX 4-Dr Sedan||$284||$502||$438||$26||$130||$1,380||$115|
|Accord LX-P 4-Dr Sedan||$284||$502||$438||$26||$130||$1,380||$115|
|Accord EX-L 4-Dr Sedan||$326||$610||$438||$26||$130||$1,530||$128|
|Accord EX 2-Dr Coupe||$326||$720||$582||$34||$174||$1,836||$153|
|Accord LX-S 2-Dr Coupe||$326||$720||$582||$34||$174||$1,836||$153|
|Accord EX-L 2-Dr Coupe||$368||$720||$582||$34||$174||$1,878||$157|
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Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Premium costs do not factor in zip code location which can affect price quotes greatly.
Texas insurance companies ranked
Insuring your vehicle with the highest-rated car insurance company is hard considering how many different companies insure vehicles in Texas. The rank data shown below could help you choose which auto insurers you want to consider when comparing rate quotes. These rankings are for the companies with a significant amount of written premium nationwide, so companies without a large exposure will not be included in these rankings.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Discount Houston car insurance
Insurance companies that offer coverage for a Honda Accord may also offer premium discounts that can lower rates by 25% or more if you meet certain criteria. A few of the larger companies and their offered discounts can be found below.
- State Farm may offer discounts for good student, driver's education, safe vehicle, multiple policy, student away at school, anti-theft, and Drive Safe & Save.
- GEICO offers discounts for good student, driver training, multi-vehicle, membership and employees, multi-policy, military active duty, and air bags.
- SAFECO discounts include multi-car, drive less, anti-lock brakes, anti-theft, homeowner, and teen safe driver.
- Farmers Insurance includes discounts for teen driver, early shopping, good student, multi-car, bundle discounts, electronic funds transfer, and business and professional.
- AAA has savings for multi-car, education and occupation, AAA membership discount, good driver, and pay-in-full.
- USAA offers discounts including vehicle storage, family discount, loyalty savings, multi-policy, and defensive driver.
The chart below illustrates the comparison of insurance premiums with and without discounts being applied to the rates. The rates are based on a female driver, no accidents or driving violations, Texas state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with marriage, multiple vehicle, claim-free, vehicle safety, defensive driving course, and anti-theft discounts applied. When these discounts are applied, the average savings per year on insurance for a Honda Accord is 28% or $637.
Impact of speeding/accidents on Houston insurance rates
The common sense way to score cheap insurance rates for an Accord is to drive attentively and avoid accidents and traffic citations. The information below highlights how traffic violations and accidents can increase insurance premiums for each age group. The premiums assume a married male driver, full coverage, $100 deductibles, and no discounts are applied to the premium.
In the prior example, the average cost of auto insurance per year with no accidents and a clean driving record is $2,539. Receive one speeding ticket and the average cost increases to $2,914, an increase of $375 each year. Now include one accident along with the one speeding ticket and the yearly cost of insurance for a Honda Accord jumps again to an average of $3,982. That's an increase of $1,443, or $120 per month, just for not driving carefully!
How to find economical insurance for a Honda Accord
The list below summarizes some of the recommended thrifty solutions that can help drivers locate lower-cost coverage.
- Bundle home and auto and earn a discount
- Better credit scores save money
- Raise comprehensive and collision coverage deductibles
- Vehicles with safetly features generally cost less to insure
- Full coverage may not be needed on older vehicles
- If possible, do not file small claims
- Compare rates once a year for cheaper prices
That last idea is particularly critical, as was affirmed in this piece. Prices charged by companies in Houston change frequently, so you should be ready to change insurance companies if a cheaper price is available.
Brand loyalty is great, but it isn't a good idea if that inflexibility results in costing you major coinage every year. Take a couple minutes and compare prices and find cheaper car insurance for a Honda Accord.