2020 honda accord insurance cost

2020 honda accord insurance cost DEFAULT

How much does Honda Accord insurance cost?

Honda Accord car insurance costs an average of $1,462 a year, or $122 on a monthly basis. Expect to pay around $89 less annually to insure an Accord as compared to the average rate for all midsize cars, and $61 less per year than the all-vehicle national average of $1,523.

The following chart illustrates how average Accord car insurance rates change depending on driver age and policy deductibles. The prices shown are for an annual policy, and vary from $1,106 per year for a driver age 60 with deductibles of $1,000 to the highest cost of $3,372 per year for a driver age 20 with deductibles set at $250.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2021 Honda Accord with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Honda Accord trim levels.

Driver AgeDeductibleAnnual CostMonthly Cost
20$1,000$2,452$204
$500$2,902$242
$250$3,372$281
30$1,000$1,292$108
$500$1,542$129
$250$1,804$150
40$1,000$1,234$103
$500$1,462$122
$250$1,704$142
50$1,000$1,126$94
$500$1,332$111
$250$1,548$129
60$1,000$1,106$92
$500$1,310$109
$250$1,520$127

To help illustrate how much variability there is with auto insurance rates, a liability-only policy for a Honda Accord in the more affordable parts of Idaho or Indiana costs as little as $237 a year. A newly-licensed teen driver with a tendency to speed in the most expensive zip codes in Los Angeles, CA, could get a bill for $11,628 a year for a full coverage policy.

With so many factors going into car insurance rates, we broke out a few of them to illustrate how different profiles and lifestyle choices can make significant differences in what you’ll be paying to insure your Honda Accord.

  • Expect to pay a lot for high risk insurance. For a 50-year-old driver, the requirement to buy a high-risk policy could raise rates by $1,714 or more per year. High-risk insurance is normally only required after serious offenses like DWI/DUIs, driving with a license or insurance, or multiple at-fault accidents.
  • Driver gender influences rates. For a 2021 Honda Accord, a 20-year-old man pays an estimated $2,902 per year, while a 20-year-old female driver pays $2,152, a difference of $750 per year. Women get significantly cheaper rates at this age due to the tendency of males to be more aggressive and risk-tolerant. But by age 50, the cost for a male driver is $1,332 and the rate for women is $1,308, a difference of only $24. Marriage and kids will do that to a man.
  • Avoiding accidents saves money. At-fault accidents raise insurance rates, possibly by an extra $2,040 per year for a 20-year-old driver and even $464 per year for a 50-year-old driver.
  • Save money by qualifying for policy discounts. Discounts may be available if the insureds drive a vehicle with safety or anti-theft features, are claim-free, belong to certain professional organizations, insure their home and car with the same company, or many other policy discounts which could save the average driver as much as $244 per year.
  • Get a discount from your choice of occupation. Some auto insurance providers offer policy discounts for specific professions like college professors, architects, doctors, members of the military, scientists, farmers, and other occupations. If you can get this discount applied to your policy, you may save between $44 and $145 on your annual insurance cost, depending on the age of the rated driver.
  • Accord insurance for teen drivers is expensive. Average rates for full coverage Accord insurance costs $5,214 per year for a 16-year-old driver, $4,878 per year for a 17-year-old driver, and $4,556 per year for a 18-year-old driver.
  • Auto insurance is cheaper with higher deductibles. Increasing deductibles from $500 to $1,000 could save around $228 per year for a 40-year-old driver and $450 per year for a 20-year-old driver.
  • Lower deductibles raise insurance cost. Dropping your physical damage deductibles from $500 to $250 could cost an additional $242 per year for a 40-year-old driver and $470 per year for a 20-year-old driver.

What is the cheapest Accord to insure?

With Honda Accord car insurance cost ranging from $1,324 to $1,582 per year on average, the lowest-cost model to insure is the LX Sedan. The next cheapest trim level to insure is the EX Sedan at $1,416 per year.

Average Honda Accord insurance cost per month ranges from $110 to $132 depending on the trim level, so plan on budgeting at least $110 per month for full coverage insurance. This amount will vary depending on where you live, however.

For higher trim levels, the three most expensive Honda Accord models to insure are the Hybrid EX-L Sedan, the Touring Sedan, and the Hybrid Touring Sedan trim levels at an estimated $1,534,  $1,556, and $1,582 per year, respectively.

The table below shows average Honda Accord insurance rates, including a monthly budget amount, for each available trim level for the 2021 model year.

Honda Accord Trim LevelAnnual Policy6-month PolicyPer Month
LX Sedan$1,324$662$110
EX Sedan$1,416$708$118
Sport Sedan$1,440$720$120
Hybrid Sedan$1,442$721$120
EX-L Sedan$1,462$731$122
Hybrid EX Sedan$1,488$744$124
Hybrid EX-L Sedan$1,534$767$128
Touring Sedan$1,556$778$130
Hybrid Touring Sedan$1,582$791$132

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2021 Honda Accord, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.

How much is insurance on a used Honda Accord?

Insuring a 2013 Accord instead of a new 2021 model could save $352 or more each year. A 2017 model would save around $82 over the cost insurance for a new model.

The next table shows average Accord insurance costs for the 2013 to 2021 model years and for various driver age groups. Average policy cost ranges from $998 per year for a 60-year-old driver rated on a 2013 Honda Accord to the most expensive rate of $2,902 for a 20-year-old rated on a 2021 Honda Accord.

Model YearDriver Age 20Driver Age 30Driver Age 40Driver Age 50Driver Age 60
2021$2,902$1,542$1,462$1,332$1,310
2020$2,834$1,504$1,428$1,300$1,278
2019$2,846$1,502$1,428$1,300$1,278
2018$2,796$1,472$1,402$1,280$1,256
2017$2,752$1,442$1,380$1,258$1,234
2016$2,766$1,444$1,384$1,262$1,240
2015$2,498$1,304$1,252$1,144$1,122
2014$2,378$1,242$1,194$1,092$1,072
2013$2,206$1,154$1,110$1,016$998

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates assume clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.

Eventually, as the vehicle gets older it will make sense to remove either comprehensive or collision or both from the insurance policy. As vehicles get older and lose value from depreciation, the extra cost of physical damage protection starts to surpass the benefits.

Vehicle ages beyond the scope of the table above may be candidates for removing full coverage. Dropping comprehensive and collision coverage could save around $628 per year, depending on how high the deductibles were and the driver age.

How does Honda Accord insurance cost compare?

When compared to other midsize cars, the Accord costs $52 less per year than the Toyota Camry, is $104 less than the Nissan Altima, costs $268 less than the Tesla Model 3, and is $20 less than the Chevrolet Malibu.

The Honda Accord ranks #4 out of 13 total vehicles in the 2021 midsize car segment for car insurance affordability. The Accord costs an average of $1,462 per year for full coverage insurance and the class average rate is $1,551 per year, a difference of $89 per year.

The chart below shows how average car insurance rates for an Accord compare to other popular 2021 midsize cars like the Toyota Camry, Nissan Altima, and the Chevrolet Malibu. In addition, you can also view a larger table after the chart detailing rates for all 13 vehicles in the midsize car segment.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2021 model year Honda Accord, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Honda Accord trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.

RankMake/ModelInsurance CostDifference
1Mazda 6$1,408-$54
2Honda Insight$1,412-$50
3Subaru Legacy$1,420-$42
4Honda Accord$1,462--
5Volkswagen Passat$1,470$8
6Chevrolet Malibu$1,482$20
7Toyota Camry$1,514$52
8Nissan Altima$1,566$104
9Kia K5$1,612$150
10Volkswagen Arteon$1,650$188
11Kia Stinger$1,668$206
12Tesla Model 3$1,730$268
13Hyundai Sonata$1,768$306

Honda Accord car insurance rates for teenagers

The Honda Accord has always been a solid choice for teenagers to drive. Reliability and safety make it a good choice for younger drivers, and insurance cost is affordable.

Regardless of the type of vehicle chosen, however, car insurance for teenagers is always going to be higher-priced than for more mature drivers. Teens are easily distracted behind the wheel and have not had the experience that only comes with time and age.

Nevertheless, the chart below shows average Honda Accord car insurance rates for teenage drivers from the age of 16 to 19. Rates are broken out for both male and female drivers due to the significant difference in gender-based rates. Prices range from a low of $3,670 to insure a 19-year-old female driver to a high of $5,214 to insure a 16-year-old male driver.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Teenage driver rates are for a 2021 model year Honda Accord with $500 physical damage deductibles. Rates are averaged across all U.S. states and all Honda Accord trim levels.

Teen Driver GenderAge 16Age 17Age 18Age 19
Male$5,214$4,878$4,556$4,128
Female$4,586$4,332$3,956$3,670

As shown by the chart above, car insurance rates are highest for 16-year-old drivers and decline slightly each year. Honda Accord insurance for a 17-year-old driver costs an average of $4,332 for females and $4,878 for males. Insuring an 18-year-old on a Honda Accord would cost an average of $4,332 for females and $4,878 for males.

Keep in mind these rates are for a new 2021 Honda Accord, and rates tend to drop as the vehicle ages. Read the next section on liability-only insurance to get an idea of how to reduce the cost of Honda Accord car insurance for teens.

Full coverage vs. liability-only insurance cost

The teen driver rates in the chart above are for a 2021 Honda Accord with full coverage, which simply means insurance includes coverage for claims such as hail damage, collisions and vehicle theft.

A good way to reduce the cost of insurance for not only teenage drivers but any age driver is to purchase an older model Honda Accord and only insure it for liability insurance. This gives the required liability protection but saves money because you’re not paying for comprehensive and collision coverage.

The table below compares the cost of full coverage Honda Accord car insurance to the cost of only insuring for liability coverage.

Vehicle Model YearFull Coverage InsuranceLiability Insurance
2012 Honda Accord$1,068$486
2011 Honda Accord$1,032$482
2010 Honda Accord$1,004$480
2009 Honda Accord$962$476
2008 Honda Accord$924$472
2007 Honda Accord$886$468
2006 Honda Accord$846$460
2005 Honda Accord$808$452
2004 Honda Accord$798$448

Get Rates in Your AreaWhy is this important?

Table Data Details: Average insurance rates for each Honda Accord model year assume a 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to premium amounts. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.

One thing to note about buying a liability-only car insurance policy is that if you do have an accident or incident where there is physical damage to your vehicle, you have no coverage. So if you do not have the financial means to replace the vehicle, it may not be the best idea to drop physical damage coverage entirely.

Are Honda Accord insurance rates affected by where I live?

Depending on your address, insurance cost for a Honda Accord can vary from cheaper premiums like $948 a year in Virginia Beach, VA, or $866 in Raleigh, NC, to high rates like $2,732 a year in New York City and $5,710 in Detroit, MI.

Additional rates for large metro areas include Nashville, TN, at $1,450 per year, Omaha, NE, averaging $1,322, Boston, MA, costing $1,606, and Long Beach, CA, at $1,864.

The following bar chart ranks average insurance cost for a Honda Accord in the 15 largest metro areas in America. For this chart, rates range from $1,064 per year in Columbus, OH, to $2,732 in New York, NY, a difference of $1,668.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average car insurance rates for a 2021 Honda Accord, 40-year-old married male driver with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are the average for all Honda Accord trim levels.

City/StateAnnual RateMonthly Rate
New York, NY$2,732$228
Philadelphia, PA$2,406$201
Los Angeles, CA$2,392$199
San Francisco, CA$2,054$171
San Jose, CA$1,694$141
Phoenix, AZ$1,646$137
San Diego, CA$1,614$135
Jacksonville, FL$1,610$134
Chicago, IL$1,554$130
Dallas, TX$1,526$127
Houston, TX$1,518$127
Indianapolis, IN$1,446$121
San Antonio, TX$1,364$114
Austin, TX$1,294$108
Columbus, OH$1,064$89

Average Honda Accord insurance cost by state

From a state perspective, states like Iowa ($968), North Carolina ($996), and Idaho ($976) tend to be on the lower side, while states like Michigan ($2,626), Florida ($1,976), and Kentucky ($1,656) have higher insurance rates.

Insurance costs in most states fall closer to the median, with states like Massachusetts, Missouri, and Kansas included in this group with average Honda Accord insurance rates of $1,232, $1,286, and $1,270 per year, respectively.

U.S. StateAnnual Cost6-month CostMonthly Cost
Alabama$1,232$616$103
Alaska$1,150$575$96
Arizona$1,322$661$110
Arkansas$1,406$703$117
California$1,622$811$135
Colorado$1,564$782$130
Connecticut$1,600$800$133
Delaware$1,586$793$132
Florida$1,976$988$165
Georgia$1,510$755$126
Hawaii$1,160$580$97
Idaho$976$488$81
Illinois$1,040$520$87
Indiana$1,064$532$89
Iowa$968$484$81
Kansas$1,270$635$106
Kentucky$1,656$828$138
Louisiana$2,166$1,083$181
Maine$926$463$77
Maryland$1,352$676$113
Massachusetts$1,232$616$103
Michigan$2,626$1,313$219
Minnesota$1,296$648$108
Mississippi$1,304$652$109
Missouri$1,286$643$107
Montana$1,344$672$112
Nebraska$1,158$579$97
Nevada$1,640$820$137
New Hampshire$1,062$531$89
New Jersey$1,418$709$118
New Mexico$1,266$633$106
New York$1,624$812$135
North Carolina$996$498$83
North Dakota$1,128$564$94
Ohio$986$493$82
Oklahoma$1,574$787$131
Oregon$1,294$647$108
Pennsylvania$1,290$645$108
Rhode Island$1,744$872$145
South Carolina$1,358$679$113
South Dakota$1,212$606$101
Tennessee$1,212$606$101
Texas$1,418$709$118
Utah$1,198$599$100
Vermont$1,014$507$85
Virginia$944$472$79
Washington$1,152$576$96
West Virginia$1,296$648$108
Wisconsin$1,068$534$89
Wyoming$1,304$652$109

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2021 Honda Accord, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Honda Accord trim levels. Physical damage deductibles are $500 and rates are averaged for all zip codes in each state.

Additional Articles and Resources

Sours: https://insuraviz.com/vehicles/honda/honda-accord-insurance/

When it comes to the Honda Accord's insurance cost, rates vary depending on several key factors. As one of the top midsize vehicles on the market, the Accord offers competitive insurance rates for almost every type of driver, and if you shop around, you can secure even better car insurance prices.

Honda Accord Insurance Rates

Car insurance rates for the Honda Accord are about $1310 annually. That comes out to about $109 per month on average. Compared to the average vehicle, the Accord's insurance rates are approximately $209 less for full coverage.

If you opt for a liability-only policy, expect to pay about $525 annually or $44 each month. Good drivers also benefit and can save up to $540 annually through policy discounts. These numbers are according to Expert Insurance Reviews.

Teenage drivers are considered high-risk drivers and pay the highest rates of about $4788 annually or $399 per month.

Use this chart to compare the Accord's annual insurance rates to other sedans:

  • Honda Accord: $1310.
  • Subaru WRX: $1360.
  • Volkswagen Passat: $1480.
  • Chrysler 300: $1514.
  • Infiniti Q50: $1586.
  • Audi S4: $1588.
  • Lincoln MKZ: $1636.

Honda Accord Insurance Variables

Depending on your Honda Accord's trim and model, the total insurance price you pay will vary. Other factors to consider when comparing insurance costs include:

  • Vehicle age. Older Honda Accord models are usually cheaper to insure. For instance, according to Expert Insurance Reviews, insurance for a 2020 Accord costs $1310 compared to a 2010 Accord, which costs $1094. This is a difference of $216.
  • Driver age. The driver's age can factor into the insurance cost for an Accord. A 30-year-old Accord driver pays about $58 more than a 40-year-old driver.
  • Driver location. Where the Accord driver lives impacts insurance rates. Drivers in Los Angeles pay about $485 annually more than Accord drivers who live in Philadelphia.
  • Driver's record. Driving record can also impact auto insurance for an Accord. Teenagers and drivers in their 20s might experience the highest increase in car insurance, especially if they have violations.

How Do Safety Ratings Affect Insurance Rates?

Vehicle safety ratings also affect insurance rates. According to the Insurance Institute for Highway Safety (IIHS), the 2021 Accord's test type and rating include:

  • Small overlap front on the driver's side: Good.
  • Small overlap front on the passenger side: Good.
  • Moderate overlap on the front: Good.
  • Side: Good.
  • Roof strength: Good.
  • Head restraints and seats: Good.

The better the Accord's crash test ratings, the better chance you have for cheaper car insurance rates. The IIHS named the vehicle a Top Safety Pick+.

Another key contributor to lower insurance rates are the vehicle's safety features. When looking at the 2020 Accord, pay attention to:

  • Driver-side air bag.
  • Passenger-side air bag.
  • Front head air bag.
  • Rear head air bag.
  • Front side air bag.
  • Four-wheel anti-lock braking system.
  • Four-wheel disc brakes.
  • Brake assist.
  • Electronic stability control.
  • Daytime running lights.
  • Child safety locks.
  • Traction control.
  • Lane-keeping assist.
  • Lane-departure warning.

How Can You Lower Your Accord Insurance Costs?

Even if you have high car insurance rates for your Honda Accord, you can take steps to lower them. These tips might help lower your car insurance bill:

  • Purchase an older Accord.
  • Ask about loyalty discounts.
  • Examine your policy to make sure you're not overpaying for coverage you don't need.
  • Confirm that all information on your policy is correct.
  • Bundle your auto insurance with other insurance policies.
  • Ask for a discount if you have at least a college degree.

Which Car Insurance Company Gives You the Best Accord Rates?

With so many car insurance companies available, you might feel overwhelmed choosing one. How do you know which one will give you the best rates to cover your Accord? While the actual rates depend upon several factors, use this chart to examine the top companies by volume that offer Accord auto insurance coverage. Keep in mind that several companies offer discounts for certain safety features implemented in the Accord:

  • State Farm: $65,615,190.
  • GEICO: $46,106,971.
  • Progressive: $39,222,879.
  • Liberty Mutual: $35,600,051.
  • Allstate: $35,025,903.
  • Travelers: $28,016,966.
  • USAA: $23,483,080.
  • Chubb: $23,388,385.
  • Farmers: $20,643,559.
  • Nationwide: $18,442,145.

What States Offer the Highest and Lowest Rates for the Accord?

Where you live is another factor to consider when looking at the Honda Accord insurance cost. According to Cheap Car Insurance, Maine is the cheapest state with its average rate of $68, while Michigan is the most expensive at $199. The state average comes in around $116.

When looking at Accord models ranging from 2014 to 2019 owned by a 30-year-old man, on average it costs $2163 annually to insure the vehicle. However, if that same driver had a newer 2019 Accord, he would pay $2374 annually to insure it. This is a 19 percent increase. If an 18-year-old driver owned the same vehicle, he would pay $7681 annually on average.

The average annual cost for a 30-year-old versus an 18-year-old driver of an Accord are:

  • 2019 Accord: $2374 for the 30-year-old driver and $8380 for the 18-year-old driver.
  • 2018 Accord: $2271 for the 30-year-old driver and $8063 for the 18-year-old driver.
  • 2017 Accord: $2173 for the 30-year-old driver and $7706 for the 18-year-old driver.
  • 2016 Accord: $2102 for the 30-year-old driver and $7455 for the 18-year-old driver.
  • 2015 Accord: $2061 for the 30-year-old driver and $7341 for the 18-year-old driver.
  • 2014 Accord: $1998 for the 30-year-old driver and $7143 for the 18-year-old driver.

Although insurance for the Accord is moderately expensive, the sedan was the fourth-most expensive model, according to ValuePenguin. It also costs $12 more than the overall average price for Honda insurance at $2151. Even though the Accord is a larger and more expensive car than the Civic, which is Honda's other sedan, coverage for the Accord was $207 cheaper.

As one of the best-selling cars in the United States since 1989, the Honda Accord is a popular choice if you're looking for a quality vehicle. If you're worried about how much car insurance costs with the Accord, note that the prices are comparable to similar vehicles on the market, and if you do a little research, you can save even more.

Sources:

https://www.expertinsurancereviews.com/best-honda-accord-insurance-rates/

https://www.thezebra.com/auto-insurance/vehicles/honda/accord/

https://www.valuepenguin.com/cost-of-honda-car-insurance

https://www.cheapcarinsurance.net/rates/honda/accord-all-trims

https://www.buyautoinsurance.com/cars/honda/accord/

https://www.iihs.org/ratings/vehicle/honda/accord-4-door-sedan/2021

This content is created and maintained by a third party, and imported onto this page to help users provide their email addresses. You may be able to find more information about this and similar content at piano.io

Sours: https://www.caranddriver.com/car-insurance/a35715552/honda-accord-insurance-cost/
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Best Honda Accord Insurance Rates [Cheap Coverage Guide]

Home» Best Honda Accord Insurance Rates [Cheap Coverage Guide]

D. Gilson is a writer and author of essays, poetry, and scholarship that explore the relationship between popular culture, literature, sexuality, and memoir. His latest book is Jesus Freak, with Will Stockton, part of Bloomsbury’s 33 1/3 Series. His other books include I Will Say This Exactly One Time and Crush. His first chapbook, Catch & Release, won the 2012 Robin Becker Prize from Seve...

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Written by D. Gilson, PhD
Professor & Published Author

Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Jul 31, 2020

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Key takeaways:

  • Full coverage costs around $1,310 a year or $109 each month
  • A liability-only policy costs around $525 a year or $44 each month
  • Highest rates are for teenage drivers at around $4,788 a year or $399 each month
  • Good drivers can save as much as $540 a year by earning policy discounts
  • Honda Accord insurance costs around $209 less per year than the average vehicle

Honda Accord insurance rates are about $209 less per year than the average vehicle with full coverage costing around $1,310 a year or $109 a month. Teen drivers have the highest rates at around $4,788 a year or $399 a month as they’re considered to be high-risk drivers.

Good drivers can save up to $540 a year in policy discounts. Let’s look at Honda Accord insurance rates, crash test ratings, and more.

You can start comparing quotes for Honda Accord car insurance rates from some of the best car insurance companies by using our free online tool now.

Honda Accord Insurance Cost

The average auto insurance rates for a Honda Accord cost $1,310 a year or $109 a month.

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Are Honda Accords Expensive to Insure?

The chart below details how Honda Accord insurance rates compare to other sedans like the Infiniti Q50, Volkswagen Passat, and Subaru WRX.

VehicleComprehensiveCollisionLiabilityTotal
Honda Accord$280$500$372$1,310
Infiniti Q50$344$686$398$1,586
Volkswagen Passat$332$600$390$1,480
Subaru WRX$320$566$338$1,360
Lincoln MKZ$320$686$450$1,636
Audi S4$370$744$338$1,588
Chrysler 300$332$626$398$1,514

However, there are a few things you can do to find the cheapest Honda insurance rates online.

What Impacts the Cost of Honda Accord Insurance?

The Honda Accord trim and model you choose can impact the total price you will pay for Honda Accord car insurance coverage.

Age of the Vehicle

Older Honda Accord models generally cost less to insure. For example, auto insurance for a 2020 Honda Accord costs $1,310, while 2010 Honda Accord insurance costs are $1,094, a difference of $216.

Model YearComprehensiveCollisionLiabilityTotal
2020 Honda Accord$280$500$372$1,310
2019 Honda Accord$268$482$390$1,298
2018 Honda Accord$256$478$398$1,290
2017 Honda Accord$248$466$416$1,288
2016 Honda Accord$240$446$430$1,274
2015 Honda Accord$226$430$442$1,256
2014 Honda Accord$218$400$452$1,228
2013 Honda Accord$208$376$456$1,198
2012 Honda Accord$200$338$460$1,156
2011 Honda Accord$188$310$460$1,116
2010 Honda Accord$180$292$464$1,094

Driver Age

Driver age can have a significant effect on the cost of Honda Accord car insurance. For example, 30-year-old drivers pay approximately $58 more for their Honda Accord car insurance than 40-year-old drivers.

Driver Location

Where you live can have a large impact on Honda Accord insurance rates. For example, drivers in Los Angeles may pay $485 a year more than drivers in Philadelphia.

Your Driving Record

Your driving record can have an impact on the cost of Honda Accord auto insurance. Teens and drivers in their 20’s see the highest jump in their Honda Accord car insurance with violations on their driving record.

Honda Accord Safety Ratings

Your Honda Accord car insurance rates are tied to the safety ratings of the Honda Accord. See the breakdown below:

Test TypeRating
Small overlap front: driver-sideGood
Small overlap front: passenger-sideGood
Moderate overlap frontGood
SideGood
Roof strengthGood
Head restraints and seatsGood
Source: Insurance Institute for Highway Safety

Honda Accord Crash Test Ratings

Good Honda Accord crash test ratings mean the VW is safer, which could mean cheaper Honda Accord car insurance rates.

Vehicle TestedOverallFrontalSideRollover
2018 Honda Accord Hybrid 4 DR FWD5 stars5 stars5 stars5 stars
2018 Honda Accord 4 DR FWD5 stars5 stars5 stars5 stars
2017 Honda Accord Hybrid 4 DR FWD5 stars4 stars5 stars5 stars
2017 Honda Accord 4 DR FWD5 stars4 stars5 stars5 stars
2017 Honda Accord 2 DR FWD5 stars5 stars5 stars5 stars
2016 Honda Accord 4 DR FWD5 stars4 stars5 stars5 stars
2016 Honda Accord 2 DR FWD5 stars5 stars5 stars5 stars
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration

Honda Accord Safety Features

The numerous safety features of the Honda Accord help contribute to lower insurance rates. The 2020 Honda Accord has the following safety features:

  • Driver Air Bag
  • Passenger Air Bag
  • Front Head Air Bag
  • Rear Head Air Bag
  • Front Side Air Bag
  • 4-Wheel ABS
  • 4-Wheel Disc Brakes
  • Brake Assist
  • Electronic Stability Control
  • Daytime Running Lights
  • Child Safety Locks
  • Traction Control
  • Lane Departure Warning
  • Lane Keeping Assist

Honda Accord Insurance Loss Probability

Review the Honda Accord car insurance loss probability rates for collision, property damage, comprehensive, PIP, MedPay, and bodily injury. The lower percentage means lower Honda Accord auto insurance costs; higher percentages mean higher Honda Accord auto insurance costs.

Insurance Coverage CategoryLoss Rate
Collision-9%
Property Damage-15%
Comprehensive-10%
Personal Injury22%
Medical Payment17%
Bodily Injury-6%
Source: Insurance Institute for Highway Safety

Honda Accord Finance and Insurance Cost

If you are financing a Honda Accord, most lenders will require your carry higher Honda Accord coverage options including comprehensive coverage, so be sure to shop around and compare Honda Accord car insurance quotes from the best companies using our FREE tool below.

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Ways to Save on Honda Accord Insurance

If you want to reduce the cost of your Honda Accord insurance rates, follow these tips below:

  • Buy An Older Honda Accord
  • Ask About Loyalty Discounts
  • Check Your Honda Accord Policy Carefully to Ensure All Information is Correct
  • Bundle Your Honda Accord Auto Insurance with Home Insurance
  • Ask for a Honda Accord Discount If You Have College Degree or Higher

Top Honda Accord Insurance Companies

Who is the top car insurance company for Honda Accord insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Honda Accord auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the Honda Accord offers.

RankCompanyVolumeMarket Share
1State Farm$65,615,1909.3%
2GEICO$46,106,9716.6%
3Progressive$39,222,8795.6%
4Liberty Mutual$35,600,0515.1%
5Allstate$35,025,9035.0%
6Travelers$28,016,9664.0%
7USAA$23,483,0803.3%
8Chubb$23,388,3853.3%
9Farmers$20,643,5592.9%
10Nationwide$18,442,1452.6%
Source: Insurance Information Institute

Compare Free Honda Accord Insurance Quotes Online

You can start comparing quotes for Honda Accord insurance from some of the top car insurance companies by using our free online tool today.

Sours: https://www.expertinsurancereviews.com/best-honda-accord-insurance-rates/
Buying my first Car Canada - Cheapest Car Insurance

Honda Accord Insurance Cost [Comprehensive Guide]

Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Written by Sara Routhier
Director of Outreach

Cynthia Lanctot is an insurance professional with ten years of industry experience. Cynthia is licensed in several states, and holds an associate in claims law, as well as a bachelor’s degree in English. Cynthia’s experience includes the New England and Northeast states. She currently works as a liability claims professional and an occasional online contributor.

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Reviewed by Cynthia Lanctot
Licensed Agent

UPDATED: Jul 15, 2021

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It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Key takeaways:

  • Full coverage costs around $1,310 a year or $109 each month
  • A liability-only policy costs around $525 a year or $44 each month
  • Highest rates are for teenage drivers at around $4,788 a year or $399 each month
  • Good drivers can save as much as $540 a year by earning policy discounts
  • Honda Accord insurance costs around $209 less per year than the average vehicle

Is shopping for Honda Accord insurance rates stressing you out? It doesn’t have to. Honda Accord insurance costs around $209 less per year than the average vehicle. Learn what you can do to save on Honda Accord insurance rates in our comprehensive guide.

You can start comparing quotes for Honda Accord car insurance rates from some of the best car insurance companies by using our free online tool now.

Honda Accord Insurance Cost

The average Honda Accord car insurance rates are $1,310 a year or $109 a month.

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Are Honda Accords Expensive to Insure?

The chart below details how Honda Accord insurance rates compare to other sedans like the Volkswagen Passat, Subaru Impreza, and Audi S3.

VehicleComprehensiveCollisionLiabilityTotal
Honda Accord$280$500$372$1,310
Volkswagen Passat$332$600$390$1,480
Subaru Impreza$320$542$390$1,410
Audi S3$356$744$264$1,474
Chevrolet Sonic$270$536$398$1,362
Mazda 3$308$562$372$1,400
Nissan Versa$268$542$390$1,358

However, there are a few things you can do to find the cheapest Honda insurance rates online.

What Impacts the Cost of Honda Accord Insurance?

The Honda Accord trim and model you choose can impact the total price you will pay for Honda Accord insurance coverage.

Age of the Vehicle

Older Honda Accord models generally cost less to insure. For example, car insurance for a 2020 Honda Accord costs $1,310, while 2010 Honda Accord insurance costs are $1,094, a difference of $216.

Model YearComprehensiveCollisionLiabilityTotal
2020 Honda Accord$280$500$372$1,310
2019 Honda Accord$268$482$390$1,298
2018 Honda Accord$256$478$398$1,290
2017 Honda Accord$248$466$416$1,288
2016 Honda Accord$240$446$430$1,274
2015 Honda Accord$226$430$442$1,256
2014 Honda Accord$218$400$452$1,228
2013 Honda Accord$208$376$456$1,198
2012 Honda Accord$200$338$460$1,156
2011 Honda Accord$188$310$460$1,116
2010 Honda Accord$180$292$464$1,094

Driver Age

Driver age can have a significant impact on Honda Accord auto insurance rates. For example, 20-year-old drivers pay approximately $1,602 more each year for their Honda Accord auto insurance than 30-year-old drivers.

Driver Location

Where you live can have a large impact on Honda Accord insurance rates. For example, drivers in Houston may pay $966 a year more than drivers in Columbus.

Your Driving Record

Your driving record can have an impact on the cost of Honda Accord auto insurance. Teens and drivers in their 20’s see the highest jump in their Honda Accord auto insurance rates with violations on their driving record.

Honda Accord Safety Ratings

Your Honda Accord car insurance rates are influenced by the safety ratings of the Honda Accord. See the breakdown below:

Test TypeRating
Small overlap front: driver-sideGood
Small overlap front: passenger-sideGood
Moderate overlap frontGood
SideGood
Roof strengthGood
Head restraints and seatsGood
Source: Insurance Institute for Highway Safety

Honda Accord Crash Test Ratings

Poor Honda Accord crash test ratings could mean higher Honda Accord car insurance rates.

Vehicle TestedOverallFrontalSideRollover
2018 Honda Accord Hybrid 4 DR FWD5 stars5 stars5 stars5 stars
2018 Honda Accord 4 DR FWD5 stars5 stars5 stars5 stars
2017 Honda Accord Hybrid 4 DR FWD5 stars4 stars5 stars5 stars
2017 Honda Accord 4 DR FWD5 stars4 stars5 stars5 stars
2017 Honda Accord 2 DR FWD5 stars5 stars5 stars5 stars
2016 Honda Accord 4 DR FWD5 stars4 stars5 stars5 stars
2016 Honda Accord 2 DR FWD5 stars5 stars5 stars5 stars
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration

Honda Accord Safety Features

The numerous safety features of the Honda Accord help contribute to lower insurance rates. The 2020 Honda Accord has the following safety features:

  • Driver Air Bag
  • Passenger Air Bag
  • Front Head Air Bag
  • Rear Head Air Bag
  • Front Side Air Bag
  • 4-Wheel ABS
  • 4-Wheel Disc Brakes
  • Brake Assist
  • Electronic Stability Control
  • Daytime Running Lights
  • Child Safety Locks
  • Traction Control
  • Lane Departure Warning
  • Lane Keeping Assist

Honda Accord Insurance Loss Probability

The lower percentage means lower Honda Accord car insurance costs; higher percentages mean higher Honda Accord car insurance costs. Compare the following Honda Accord auto insurance loss probability rates for collision, property damage, comprehensive, PIP, MedPay, and bodily injury.

Insurance Coverage CategoryLoss Rate
Collision-9%
Property Damage-15%
Comprehensive-10%
Personal Injury22%
Medical Payment17%
Bodily Injury-6%
Source: Insurance Institute for Highway Safety

Honda Accord Finance and Insurance Cost

If you are financing a Honda Accord, most lenders will require your carry higher Honda Accord coverages including comprehensive coverage, so be sure to compare Honda Accord car insurance rates from the best companies using our FREE tool below.

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Ways to Save on Honda Accord Insurance

You have more options at your disposal to save money on your Honda Accord auto insurance costs. For example, try taking advantage of the following five strategies to reduce your Honda Accord car insurance rates

  • Add a More Experienced Driver to Your Honda Accord Policy
  • Provide Your Honda Accord VIN When Requesting Honda Accord Auto Insurance Quotes
  • Pay Your Bills On Time — Especially Honda Accord Payments and Insurance
  • Ask for a Honda Accord Discount If You Have College Degree or Higher
  • Buy a Honda Accord with an Anti-Theft Device

Top Honda Accord Insurance Companies

Who is the top auto insurance company for Honda Accord insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Honda Accord auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the Honda Accord offers.

RankCompanyVolumeMarket Share
1State Farm$65,615,1909.3%
2GEICO$46,106,9716.6%
3Progressive$39,222,8795.6%
4Liberty Mutual$35,600,0515.1%
5Allstate$35,025,9035.0%
6Travelers$28,016,9664.0%
7USAA$23,483,0803.3%
8Chubb$23,388,3853.3%
9Farmers$20,643,5592.9%
10Nationwide$18,442,1452.6%
Source: Insurance Information Institute

Compare Free Honda Accord Insurance Quotes Online

You can start comparing quotes for Honda Accord auto insurance rates from some of the best auto insurance companies by using our free online tool now.

Average
Cost of Insurance

1,380.00 *

Crash Test Safety Ratings

YearOverallFrontal CrashSide CrashRollover
2015
2014
2013
2012
2011

Crash Avoidence Features

Forward Collision Warning

Forward Collision Auto Brake

Land Departure Prevention

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Insurance cost 2020 honda accord

Honda Accord insurance rates

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The average cost of car insurance for a 2021 Honda Accord is $175.64 a month —or $2,107.65 a year. However, your actual costs depend on your driving history, car model, location and other factors.

We pulled Honda Accord car insurance quotes from top insurance companies to find that the average monthly cost to insure a 2021 Honda Accord is $175.64. However, some older models may cost more to insure than others depending on which safety features your vehicle has and which insurer you choose.

2011 Honda Accord$102.90$91.74$161.05$176.03$132.93
2016 Honda Accord$131.08$104.47$185.43$167.58$147.14
2021 Honda Accord$117.07$122.76$217.14$245.58$175.64

How we got these rates

Our rates are based on a single 30-year old driver with a clean driving history living in California. California is one of seven states that don’t use gender to determine car insurance costs. We chose full coverage car insurance with liability limits that exceed the California state minimum requirements, which include:

  • Bodily injury liability per person: $50,000
  • Bodily injury liability per accident: $100,000
  • Property damage liability: $50,000
  • Comprehensive deductible: $500
  • Collision deductible: $500
  • Medical payments: $5,000
  • Uninsured motorist bodily injury: $50,000/$100,000

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What factors affect car insurance rates for Honda Accord?

Your location and driving history can both affect your chances of getting into an accident. However, the vehicle you drive has a much larger impact, because performance, safety features, theft rates and other details can vary depending on your make and model. And since providers consider your risk and cost of filing claims when calculating your premiums, your choice of vehicle can directly affect your rates. Here’s how:

  • Body type. The Accord is a four-door sedan, best suited for families or other light use. This may be part of the reason why coverage is affordable.
  • Type of car. The Accord is a midsize sedan that starts at just over $20,000. It should be cheaper to insure than luxury or performance vehicles.
  • Theft. The Honda Accord is one of the most stolen vehicles in the US, which could increase the cost of insurance.
  • Repairs. Parts and service for the Honda Accord should be readily available, which will likely lead to lower insurance premiums.
  • Safety ratings. The Accord has incredible safety ratings and features that could make for cheaper auto insurance.
  • Fuel type. The gas version of the Honda Accord should be cheaper to insure than the Hybrid version, mostly due to the lower cost of repairs.
  • Trim & packages. There are a number of safety and driver assistance options available on the Honda Accord. Adding them could help reduce the cost of insurance.

How to compare insurance for the Honda Accord

Since the Accord is a popular model with impressive safety ratings, finding coverage should be no problem. Knowing what to look for can make shopping for insurance easier and can save you money if you play your cards right.

  • Price. Coverage can vary between providers, making it hard to compare by price. Use the same driver and vehicle details when getting quotes in order to accurately compare your options.
  • Deductible. Higher deductibles often make for lower premiums, whereas lower deductibles will drive up the price. Choose an amount that fits your financial situation.
  • Minimum coverage. Every state has different coverage requirements. Be sure that any potential policy meets your state minimums before committing.
  • Additional coverage. Personal injury protection and medical payments coverage are two of many ways you can improve your policy. Be sure to include any additional coverage options when getting quotes from providers.
  • Extras. Features like roadside assistance and accident forgiveness may be included in your policy. If not, find out how much you’ll have to pay for extras and whether they’re worth the cost.
  • Restrictions. Find out if any restrictions apply to your policy to avoid gaps in coverage or denied claims.
  • Manufacturer offer or loyalty discount. Ask your dealership if you are eligible for any manufacturer offers or loyalty discounts and you may be able to save on auto insurance.
  • Warranty. Find out what’s covered by your manufacturer or extended warranty to avoid paying for overlapping coverage.

Does the Honda Accord qualify for auto insurance discounts?

The Accord comes equipped with safety and driver assistance features that could prevent accidents or lessen damage. While some features may be eligible for auto insurance discounts, you could reduce your rates further by adding features that improve visibility or safety.

  • Anti-lock brake discount
  • Anti-theft discount
  • Passive restraint discount (airbags, motorized seat belts, etc.)
  • Emergency roadside assistance discount

Honda Accord safety & reliability ratings

According to U.S. News and J.D. Power, the 2018 Honda Accord holds a perfect 10/10 score for safety. This is backed by the highest possible scores in every category from the NHTSA and the 2018 IIHS Top safety pick.

U.S. News and J.D. Power give the 2018 Honda Accord a 4/5 star rating for reliability, which is better than most vehicles in its class.

The Honda Accord has been around since 1976, but has been one of the best selling cars in America since 1989. In 2016, there were over 345,000 Honda Accords sold in the United States. The 2017 model was awarded Top Safety Pick+ by the Insurance Institute of Highway Safety and given a 5-Star Overall Rating from the National Highway Safety Administration.

Honda Accord maintenance

The Accord is designed to provide a comfortable and convenient driving experience, which means that it requires little maintenance to keep it on the road. But like most vehicles, routine service appointments to change the oil and inspect parts can help extend its life and ensure it drives smoothly.

  • Honda doesn’t have a recommended oil change schedule for the Accord. In fact, all newer vehicles come equipped with the Maintenance Minder system that tells you when oil and other parts need to be replaced.
  • An oil change for the Accord should only cost about $75-$125, but your cost may vary depending on where you have it serviced. As a rule of thumb, dealerships usually cost more than independent repair shops.
  • Speak with your Honda dealer or consult your owner’s manual to find out more details on the Honda Accord maintenance schedule.

Is an extended warranty worth it for the Honda Accord?

All new Honda vehicles come equipped with a standard 3-year/36,000-mile Limited Vehicle Warranty, plus the 5-year/60,000-mile Powertrain Limited Warranty. Genuine Honda accessories are also covered for 3 years or 36,000 miles if they are installed when the new vehicle is purchased. The Accord also comes with a 5-year/Unlimited-miles corrosion warranty and 24/7 emergency roadside assistance.

Honda also offers a few Vehicle Service Contracts, which are essentially extended warranties. They cover components, powertrains and a number of benefits like rental car reimbursement, 24/7 concierge emergency services and more. While the Accord is generally considered a reliable vehicle, these service plans can protect your car once the initial warranty expires.

Compare Honda competitors

Find out what other models Honda has to offer or explore entirely different manufacturers for vehicles similar to the Accord.

Bottom line

The Honda Accord is a popular midsize sedan that provides a smooth, comfortable drive. It requires little maintenance and comes equipped with a suite of great safety and driver assistance features that add to its appeal.

The Accord is a fairly low-risk vehicle that would hold up well in an accident, which could be part of the reason why coverage is affordable. That said, you might be able to reduce the cost of coverage even further by comparing your options to find auto insurance discounts and prices from some of the top providers.

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Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.

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2019 Honda Accord 2.0 Touring - 6 Month Follow-up Review!

Honda Accord Insurance Cost & Cheap Quotes (2021)

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Honda Accord was classified as a compact car between 1976 and 1989. As American demand for larger cars increased, Honda Motors decided to make the Accord their flagship mid-size car model where Honda Civic replaced the Accord as Honda's premier compact vehicle.

Since its shift to being a mid-size car in 1989, the Honda Accord has grown to be one of the most popular sedans on the market. The Honda Accord features a spacious trunk, plenty of headroom, and room to stretch your legs, making it an excellent vehicle for a road trip with family and friends. It also provides superior reliability, fun performance (with Honda's patented VTEC engines), and has maintained a sporty styling that makes it appealing to young and older drivers alike.

If you're curious about Honda Accord car insurance rates or you're wondering whether or not this car is a good choice for you or your family members, then you've come to the right place. Below, we'll be discussing Honda Accord Car insurance cost based on data obtained from average drivers in the United States. We'll also answer some of the most frequently asked questions from our readers regarding insuring their new and used Accords. If you have a certain question that we missed and didn't answer, feel free to get in touch with us, and we will do our best to add it to the page as fast as we can!

red honda accord

Average Honda Accord Insurance Rates By Model Year

  • 2008 Honda Accord Insurance Cost: $1,044 per year

  • 2009 Honda Accord Insurance Cost: $1,072 per year

  • 2010 Honda Accord Insurance Cost: $1,106 per year

  • 2011 Honda Accord Insurance Cost: $1,126 per year

  • 2012 Honda Accord Insurance Cost: $1,144 per year

  • 2013 Honda Accord Insurance Cost: $1,188 per year

  • 2014 Honda Accord Insurance Cost: $1,246 per year

  • 2015 Honda Accord Insurance Cost: $1,266 per year

  • 2016 Honda Accord Insurance Cost: $1,300 per year

  • 2017 Honda Accord Insurance Cost: $1,318 per year

  • 2018 Honda Accord Insurance Cost: $1,360 per year

  • 2019 Honda Accord Insurance Cost: $1,384 per year

  • 2020 Honda Accord Insurance Cost: $1,405 per year

  • 2021 Honda Accord Insurance Cost: $1,498 per year

Honda Accord Car Insurance FAQs

According to a recent article byUS News, the Honda Accord is currently the most popular mid-size sedan in America. That being said, we get tons of questions regarding this its average cost of auto insurance, how it compares to other popular mid-size sedans, and how to get the best car insurance rates.

Below, we've compiled some of the most common questions and have done our best to answer them truthfully based on the latest data available.

Is Honda Accord Expensive To Insure?

Believe it or not, Honda Accords are actually cheaper to insure than other small compact cars such as the Toyota Civic or the Nissan Sentra. Although the Accord is larger and more expensive than both of those other popular models, it's loaded with tons of safety features that the smaller cars don't have.

This, combined with the fact that Accords are statistically involved in fewer accidents, means that insurance costs for an Accord are significantly more affordable. In fact, we'd go so far as to saw that a new Honda Accord is easily one of the most affordable vehicles to insure in the entire country!

How Much Is Car Insurance On A Honda Accord?

The average cost to insure a new 2021 Honda Accord is around $1,300 per year. That translates to just about $108 per month in premium fees, not including whatever sign-up fees the agent imposes. For a full coverage policy that includes comprehensive, collision, and other goodies, this is an incredible deal!

If you decide that you don't need the full coverage policy and opt for a basic liability policy instead, then you may only pay between $390 and $420 per year, depending on your state's minimum insurance coverage requirements.

Is Toyota or Honda Cheaper To Insure?

Generally speaking, Hondas are cheaper to insure than Toyotas. Although the two manufacturers offer a similar quality, value, and pricing, the Honda wins based on average statistics. For example, a 2020 Honda Accord costs an average of $1,405 per year to insure.

Conversely, a 2020 Toyota Camry costs an average of $1,412 per year to insure. Although the difference is negligible, it's still worth mentioning if you want to make the most informed purchase.

Do Honda Accords Get Good Crash Test Ratings?

Yes! In addition to a superior airbag system that's designed to withstand impact from any side or from the front and back, the vehicle also has a number of intuitive safety features. Suffice to say that if you are unfortunate enough to get into a wreck with this car, you'll be well protected. In fact, the 2021 Honda Accord was ranked as a Top Pick for IIHS (The Insurance Institute For Highway Safety) along with the Camry and the Hyundai Elantra. 

As you would think, the high safety ratings also affect your Honda Accord Insurance rates! Since there are more safety features on the vehicle to help prevent an accident or decrease the amount of damage sustained in an accident, you pose a lower risk to insurance companies. This means that you'll get a better deal on insurance than if you had purchased a similarly-priced vehicle with fewer safety features.

Honda Accord Sport 2.0 T Insurance Compared To Basic Trim

One of the reasons why the Honda Accord has had such a successful history is that it has several different trim models. One of the most popular trim models is the 2.0 T. This model features a slightly larger engine and, of course, a turbocharger to go with it! In addition to the boost in horsepower, the 2.0 T also comes with a premium interior, a fully digital screen, and comes in more sporty colors as well.

That being said, the 2.0 T costs about $6,000 more, which means there's more car to insure, and usually causing your Honda Accord insurance rates to go up. In addition to the higher price tag on the vehicle, the car also produces significantly more horsepower, which increases your risk level as a driver, and can be another factor that drives the price up.

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Compare the Cost of Honda Accord Insurance by Model Year and Company

When looking to buy car insurance for your Honda Accord, shopping around can be a good idea. Comparing rates from different insurers can net you a better deal as different insurers can offer different rates based on your car type and year.

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The average cost of insuring a Honda Accord is $1,234 per year. This is $193 less than the average cost across every car model.

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Honda Accord insurance costs can change by as much as $478 per year based on the company you choose. You can save money by shopping around.

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The cost to insure a Honda Accord can vary by as much as $357 per year depending on the age of your car, with older models getting cheaper rates.

How Much It Costs to Insure a Honda Accord and the Cheapest Company

Honda Accord insurance rates can vary greatly depending on the insurance company you choose. The average cost of insuring a Honda Accord is $1,234. However, costs can vary depending on the insurer.

The cheapest insurance option for the Honda Accord is USAA, with an average annual cost of $1,038 — that's a difference of up to $478 per year in comparison to the most expensive provider.

The Average Annual Cost of Honda Accord Insurance by Company

MoneyGeek used a sample driver profile to collect Honda Accord insurance quotes from multiple providers. The sample driver has 100/300/100 liability insurance with comprehensive and collision coverage.

The Average Cost to Insure a Honda Accord by Company

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Is a Honda Accord Expensive to Insure?

For a given car model, insurers use a variety of factors and considerations to determine insurance costs. Cars that cost more, are more likely to be stolen or are more likely to be involved in accidents tend to cost more to insure.

Honda Accords are generally quite inexpensive to insure. It is a low-value car and is cheaper to repair. It is also a low horsepower car, making it less likely to be involved in serious crashes. A combination of these two factors makes the Honda Accord less expensive to insure.

The Best Car Insurance Company for a Honda Accord

When purchasing car insurance for a Honda Accord, cost should not be the only factor you consider. It is also important to learn important details about your insurer.

MoneyGeek used its rating system, based on financial stability, customer satisfaction, customer complaints and affordability, to determine that:

  • USAA is the best option for insuring a Honda Accord. However, it is only available to current and former military personnel and eligible family members.
  • The second-best choice for insuring a Honda Accord is GEICO.

USAA
GEICO
Progressive
State Farm
Allstate

How Much It Costs to Insure a Honda Accord by Model Year

If you have an older car, it can be cheaper to insure. The value of a car depreciates over time, resulting in cheaper comprehensive and collision coverage.

For a 2005 Honda Accord, the average cost of insurance is $999 per year. For the 2020 model, it is an average of $1,356 annually.

Based on the model year, different insurers might offer varying rates. For a 2020 Honda Accord, the cheapest insurance company is USAA, with an average cost of $1,108 per year.

Scroll to your model year below to compare rates from different providers.

The Average Cost to Insure a Honda Accord by Model Year

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How Expensive Is It to Insure a Honda Accord Compared to Other Cars?

Driving a Honda Accord is relatively inexpensive when it comes to car insurance costs. The average annual cost of insuring a Honda Accord is $1,234, or $193 less than the average cost across all other models.

How Much It Costs to Insure a Honda Accord for 16- to 25-Year-Olds

For young drivers, car insurance can be more expensive due to their inexperience on the road. Inexperience makes them riskier to insure.

For an 18-year-old driver, the average cost of insuring a Honda Accord is $4,028 per year. A 40-year-old driver would pay roughly $1,234.

It usually costs less to insure teenagers when they are on their parents’ plan. If you have a teen driver and want to save money, it may be a good idea to keep them on your policy.

You can view car insurance costs for young drivers ages 16 to 25 below.

The Average Cost to Insure a Honda Accord by Driver Age

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  • Age

    Average Annual Rates

  • 16

    $5,164

  • 17

    $4,574

  • 18

    $4,028

  • 19

    $2,885

  • 20

    $2,575

  • 21

    $2,038

  • 22

    $1,877

  • 23

    $1,718

  • 24

    $1,612

  • 25

    $1,463

  • 40

    $1,234

How Does Location Affect the Cost of Honda Accord Insurance?

The costs indicated in this article are all based on a national average. However, where you live can impact your car insurance costs significantly. You can get more information about car insurance costs in individual states with our state page analysis.

FAQs About Honda Accord Insurance

The model of your car is just one of the many factors that can impact your cost of car insurance. Here are some common questions about insuring a Honda Accord.

It costs an average of $1,234 per year to insure a Honda Accord. However, insurance costs depend on many factors, including where you live, your age and the model year of your car.

Insurance for a Honda Accord is about $193 less per year than the average rate across every car model. It is inexpensive to insure due to its low value and low horsepower.

According to MoneyGeek’s research, the cheapest insurance provider for a Honda Accord is USAA.

On average, it costs $1,334 per year to insure a 2019 Honda Accord.

Read More About Car Insurance

Methodology

MoneyGeek collected information about insuring a Honda Accord LX from different providers using a sample driver profile. The driver, in this scenario, is a 40-year-old male buying a full coverage policy with coverage that includes:

  • $100,000 in bodily injury liability insurance per person
  • $300,000 in bodily injury liability insurance per accident
  • $100,000 in property damage liability insurance per accident
  • Comprehensive and collision insurance with a $1,000 deductible

About the Author

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.

Sours: https://www.moneygeek.com/insurance/auto/honda-accord-insurance/


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