Honda Accords are one of the more popular vehicles on the road. Ranked as the third top sedan in 2020 by consumers according to J.D. Power, it is no surprise that so many drivers praise the car for its quality, reliability, driving experience and resale value. When purchasing insurance on your Honda Accord, you should tailor your policy to your individual needs. Although the cost of Honda Accord car insurance will vary depending on your age, gender, location and selected coverages, the average cost is $1,674 per year according to Bankrate’s 2021 study of quoted annual premiums. This guide may be used to help Honda Accord owners find the best insurance policy for their vehicle.
Models included in this review:
This review and analysis is based solely on Honda Accords.
How much does it cost to insure a Honda Accord?
The cost of purchasing Honda Accord insurance will vary based on several factors. Demographics such as age, gender, location, driving history and insurance history are typically the main influencers on your premium. However, your vehicle make and model can also impact your premium. Although the average cost of car insurance comes in at $1,674 annually, Honda Accord owners may want to consider the following factors that can either lower or raise insurance premiums:
- Crash rate stats: When an insurance company determines your premium, recent crash rate statistics will be taken into consideration. For example, if you drive a vehicle that is statistically involved in more accidents, your rate will likely be higher. According to the latest data by the Insurance Institute for Highway Safety (IIHS), there were approximately 34 deaths between 2014-2017 for passengers or drivers of Honda Accords — a lower number than comparable mid-size sedans in which there were an average of 36 deaths per vehicle analyzed.
- Price of parts: When you get into an accident, your insurance policy may pay out to repair your vehicle. If your vehicle requires special, costly or hard-to-get parts, your premium could be higher. However, because Honda is a global company with factories in several countries, including the United States, parts are generally easier to acquire.
- Safety features: Your vehicle’s individual safety features will likely have a strong effect on your rate because a vehicle that tends to have a lower safety rating will likely cost an insurance company more in claims payouts. Owners of Honda Accords, however, may feel relieved knowing their vehicles have received an overall “Good” standing in crashworthiness and crash avoidance from the IIHS, particularly for 2018-2021 models.
Car insurance for a Honda: by model
As discussed, car insurance rates will greatly vary between each person based on their own unique circumstances. However, if you are shopping around for the best Honda Accord car insurance, the following average rates may provide you a great place to start. Remember that it helps to compare quotes from more than one company to find the best rate, since each car insurance company determines premiums based on a distinctive calculation.
Car insurance for Honda Accord
The table below provides the average annual Honda Accord insurance cost with minimum coverage and full coverage. Variables that could affect your risk and, therefore, increase your insurance cost include area-wide crash statistics, cost to replace Honda Accord parts after an accident, and individual safety features built into your vehicle. Before purchasing a new or used Accord, you could research standard features by model year to help prevent your premium from being higher due to a lack of important safety and crash avoidance features.
| Accord car insurance | Average annual premium |
|---|---|
| Minimum coverage | $509 |
| Full coverage | $1,733 |
Cheapest car insurance companies for Honda Accords
When you are looking for the cheapest car insurance for your Honda Accord, it may be beneficial to get quotes from the following insurance companies. These five companies are among the best car insurance companies for 2021, are some of the largest providers by market share and offer a lower average annual premium for full coverage than the $1,733 average for Honda Accords. Please note that premium rates will be different for each driver, so your premium could be higher or lower than the average rates provided below.
Average annual premium for full coverage by model
Honda Accord features that impact insurance costs
There are several features included in your Honda Accord that could impact your insurance cost, especially as they relate to your vehicle’s overall safety. These features may include, but are not limited to:
- Air bags: Although air bags are now a standard feature on vehicles, older models may not have all of the air bags that are common now, which could negatively impact your premium cost.
- Anti-lock brakes: Anti-lock brakes (ABS) use sensors to prevent vehicles from locking up during hard turning and braking. They also allow a driver to maintain control of the vehicle’s steering system, which could help prevent a collision and is considered an important standard safety feature.
- Blind-spot warnings: Newer vehicle models equipped with top-of-the-line technology may have features like blind-spot warning systems, collision detection and lane drift recognition, which could greatly reduce your chance of being in an accident. As a result, these features would likely be considered positively by an insurance company.
- Seat belts: Seat belts are another standard feature that has proven to increase passenger safety in a vehicle. Older models of your Honda Accord may not have the most upgraded seat belt features, especially in the back rows. Modern technology has led to retracting belts, adjustable anchors and tethers, and other improvements to seatbelt design that could positively impact on your overall safety.
Other car insurance coverage for a Honda Accord
Just because minimum coverage may be the cheapest option does not mean it is the best option for your individual policy. Before purchasing insurance, consider what type of coverage you need to adequately protect you, your passengers and your vehicle. Nearly every state requires you to purchase liability coverage, including bodily injury and property damage, which provides insurance protection for other drivers and their vehicles if you were to cause an accident. However, neither of these coverages provide financial protection for your car.
To ensure that your Honda Accord insurance includes your vehicle damage in a covered accident, you may want to consider coverages like collision and comprehensive. Collision coverage may pay to repair or replace your vehicle if you cause an accident. Comprehensive coverage is also designed to protect your vehicle, but for incidents not caused by collisions such as thefts, fires, storm damage, animal damage and vandalism.
Other coverages you could add to your policy include uninsured and underinsured motorists coverage. Uninsured motorists coverage provides protection if you are hit by an uninsured driver, while underinsured motorists coverage provides additional financial protection if the driver who hits you does not have enough insurance to cover your medical bills and any vehicle damage.
Remember that each state has its own insurance laws so coverage requirements and limits could vary by state, in addition to which coverages are optional and which are required.
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Honda of the following model types, commute five days a week and drive 12,000 miles annually:
- Honda Accord
These are sample rates and should only be used for comparative purposes.
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