Honda Accord Insurance Rates

Are you wondering why Honda Accord insurance is so expensive? The truth is, it doesn’t have to be. The average Honda Accord car insurance rates are $109 per month or $1,310 annually. 

However, many factors impact your Honda Accord auto insurance quotes, like the age of your model. For example, the 2017 Honda Accord insurance costs will be lower than the 2005 Honda Accord insurance costs. 

How do the 2019 Honda Accord Sport 2.0T insurance costs compare to the 2002 Honda Accord insurance rates? Read through our brief guide to have these questions and more answered as you search for an affordable Honda Accord car insurance company.

The Honda Accord has consistently been one of the best selling cars in America, with only the Toyota Corolla, Toyota Camry, and Honda Civic having more models on the road. The Honda Accord model options now include the 2.0L turbo model, a 1.5L turbo model, the Accord Hybrid, and various other trims. 

Read through our complete Honda Accord insurance guide to better understand how your rates are calculated. We’ll also review a few car insurance basics, like what does liability insurance cover, and is it enough to fully protect your Honda Accord?

When buying an Accord, the cost of car insurance should always be considered in the overall cost of ownership. Honda includes a lot of standard features on its Accord model that help keep insurance costs down. 

Let’s take a look at the overall insurance rate summary and dive into some of the factors that can influence how much insurance is going to cost you after you sign on the dotted line.

Can’t wait to get started? Enter your ZIP code into our free quote comparison tool above to find cheap Honda car insurance near you.

The average insurance rates for a Honda Accord are $1,298 a year including full coverage. Comprehensive costs on average $268, collision insurance costs $482, and liability is estimated at $390. Liability-only coverage costs approximately $452 a year, and high-risk coverage costs around $2,802. 16-year-old drivers cost the most to insure at up to $4,876 a year.

Average premium for full coverage: $1,298

Policy rates by type of insurance:

Rates are based on $500 deductibles, 30/60 bodily injury liability limits, and includes UM/UIM and medical coverage. Prices are averaged for all 50 U.S. states and for different Accord trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city can make a big difference on car insurance rates. Rural areas are shown to have lower incidents of comprehensive and collision claims than congested cities. The price range example below illustrates how rural and urban location affects car insurance rates.

The examples above highlight why anyone shopping for car insurance should get quotes based on a specific location, instead of making a decision based on rate averages.

Use the form below to get customized rates for your location.

Rates by State, City, and Model

The chart below breaks down average Honda Accord insurance rates for different risk profiles and scenarios.

• The best full coverage rate is $754
• Choosing higher $1,000 deductibles can save around $170 every year
• The estimated price for a good driver age 40 with $500 deductibles is $1,298
• Buying more expensive low deductibles for comp and collision coverage bumps up the cost to $1,626
• Higher-risk drivers with multiple tickets or accidents could pay upwards of $2,802
• Policy cost that insures a 16-year-old driver with full coverage may cost $4,876 each year

View Chart as Image

Insurance rates for a Honda Accord also range considerably based on the model year and trim level, your driving record and age, and policy deductibles and limits.

If you have a few points on your driving record or you caused an accident, you are likely paying at a minimum $1,500 to $2,100 additional every year, depending on your age. High-risk driver insurance ranges from 43% to 129% more than the average rate. View High Risk Driver Rates

An older driver with no violations or accidents and higher comprehensive and collision deductibles may pay as low as $1,200 annually on average, or $100 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records should be prepared to pay upwards of $4,800 a year. View Rates by Age

Your home state plays a big part in determining prices for Honda Accord insurance prices. A good driver about age 40 could pay as low as $990 a year in states like Missouri, New Hampshire, and Vermont, or at least $1,850 on average in Michigan, New York, and Louisiana.

View Chart as Image

Opting for high physical damage deductibles can save as much as $500 annually, while increasing your policy's liability limits will cost you more. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $396 more each year. View Rates by Deductible or Liability Limit

Insurance Rates by Trim Level and Model Year

Rates assume 2023 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Find the Best Cheap Honda Accord Insurance

Finding cheaper rates on insurance for a Honda Accord takes not taking risks behind the wheel, having a good credit score, paying for small claims out-of-pocket, and dropping full coverage on older vehicles. Comparison shop at every other renewal by requesting rates from direct car insurance companies, and also from insurance agencies where you live.

The following is a quick review of the concepts that were raised in the charts and tables above.

• Drivers considered higher risk with a DUI or reckless driving violation could be forced to pay on average $1,500 more each year for Accord insurance
• Teens pay higher rates, with premiums being up to $406 each month if comprehensive and collision insurance is included
• You may be able to save as much as $150 per year just by shopping early and online
• Increasing comprehensive and collision deductibles can save approximately $500 each year
• You may be able to save as much as $150 per year just by shopping early and online

So, are Honda Accords really expensive to insure? As you’ve learned from the previous information, many variables impact your Honda Accord insurance costs. Certain driver demographics, such as your age, your driving record, and where you live, can change your rates drastically. 

However, variables about your actual vehicle also come into play. For example, the age of your Honda Accord model and the trim level you choose will influence your annual rates. 

Older used Honda Accords will cost less to insure than newer models with more up-to-date technology and features. For example, the 2015 Honda Accord insurance costs are a bit lower than the 2016 Honda Accord insurance costs. 

Similarly, various trims can change the safety ratings, fuel efficiency, and maintenance costs for your vehicle, which impact your overall costs. Therefore, the Honda Accord Hybrid insurance costs will be different than the Honda Accord Turbo rates. 

No matter what model year or trim level you’ve chosen, comparing quotes from multiple companies is the best way to know you’re getting the lowest Honda Accord car insurance rates. Enter your ZIP code into our free tool below to start comparing cheap Honda Accord insurance quotes right now.

What Honda Accord features help reduce insurance costs?

Honda offers an advanced safety suite that can help make your driving experience safer, preventing you from needing to file any insurance claims. Because your risks on the road are lowered, it could also help lead to lower car insurance rates. 

Standard in all Honda Accord models, the Honda Sensing technology suite helps mitigate accidents and keeps the driver more aware of what is happening on the road around them.

Honda Sensing includes the following features:

• Collision Mitigation Braking System. When an accident is imminent, this feature applies the brakes to help prevent a collision.
• Road Departure Mitigation System. This feature detects when the car drifts too far to the side of the road and can steer the vehicle back into the lane.
• Adaptive Cruise Control. This is one of our favorite features, as it prevents the need to constantly monitor cruise control settings. As you approach a slower-moving vehicle, the system adapts your speed to maintain a safe distance behind the vehicle. After you signal to pass and are clear of the vehicle, the system will automatically speed up to the set cruise speed.
• Lane Keeping Assist System. This detects when the vehicle approaches a lane marking and will nudge the car back into the center of the lane if you have not signaled a lane change.
• Traffic Sign Recognition. New on 2018 models, this feature can detect speed limit signs and alert the driver of changes in speed.

The Honda Sensing suite does a fantastic job of helping reduce accidents and as a result, fewer accidents mean lower insurance rates. The technology does not entirely replace driver awareness and safe driving habits, but it can help reduce the chances of an accident or reduce the severity.

Many insurance companies also offer discounts to customers whose vehicles have some of these safety features, like adaptive cruise control. Inform your insurance provider about what technology your vehicle comes equipped with to see what discounts your Accord qualifies for.  

Another new feature that is standard on the Accord Sport 2.0T, EX, EX-L, and Touring models is multi-angle awareness and cross-traffic monitoring built into the rearview camera. 

This technology expands the sensor sensitivity to include a wider sensor field and also detects vehicles that may be approaching from the left or right behind your Accord. This can help reduce collisions that occur from backing out of your driveway or a parking stall.

What are the Honda Accord safety ratings?

Insurance providers will consider the Honda Accord safety ratings when determining your car insurance rates. 

Check out the safety ratings for the 2021 Honda Accord as awarded by the Insurance Institute for Highway Safety (IIHS) below. 

• Small overlap front (driver-side): Good
• Small overlap front (passenger): Good 
• Moderate overlap front: Good
• Side: Good
• Roof strength: Good
• Head restraints and seats: Good

A rating of ‘Good’ is the highest possible score given by the IIHS. As you can see, this sedan received perfect marks. In fact, the 2020 and 2021 Honda Accord was named as one of the 2020 Top Safety Picks. Your car insurance rates will already reflect these great safety ratings. 

Historically, different model years of the Honda Accord have performed consistently well in safety tests. The 2018 Honda Accord also received the Top Safety Pick award by earning good ratings for small overlap front, moderate overlap front, and side collision crashworthiness. 

It also received a ‘Good’ rating for roof strength and head restraints. The Honda Sensing suite helped it earn a superior rating for front crash prevention, and the headlights were rated as acceptable.

The one improvement over the 2017 Accord safety ratings was the improvement of the child seat anchors. The 2018 model received a good rating, while the 2017 model only received an acceptable rating.

Since insurance rates correlate directly to the likelihood of occupant injury in an accident, the safety features built into the Honda Accord and the excellent ratings mean you won’t find a safer car for the money.

What are the Honda Accord crash test ratings?

Like safety ratings, insurance providers will also consider the Honda Accord crash test ratings when calculating your car insurance premiums. Customarily, good crash test ratings mean cheaper average rates. 

Take a look at the table below to see the Honda Accord crash test results for various different model years and trim levels as scored by the National Highway Traffic Safety Administration (NHTSA).

Honda Accord Crash Test Ratings

None of the Honda Accord builds earned less than 4-star ratings, which is excellent. However, it is still worth looking at the details for your specific Honda Accord model year and trim level when estimating your potential insurance costs to ensure the most accuracy. 

If you’re in the market for a new car and are considering the Honda Accord, you won’t be disappointed with its safety and reliability. Plus, you can expect to pay cheaper car insurance rates. 

If you currently own and drive an Accord, your car insurance rates will already reflect these great crash-test results.

What is the Honda Accord insurance loss probability?

When you’re buying a new vehicle, it’s important to add car insurance rates to the overall total you’re willing to spend. But how do you know how much a car will cost to insure before you actually seek out quotes? 

One easy way is to look at insurance loss probability details. Insurance loss probabilities give us important information about what insurance costs will be. High insurance loss probabilities equal high rates, while low insurance loss probabilities equal low rates.

Check out the Honda Accord insurance loss probability details as calculated by the Insurance Institute for Highway Safety (IIHS) in the table below.

Honda Accord Insurance Loss Probability

The insurance losses for comprehensive coverage and personal injury coverage are high, which means these coverages will likely be more expensive than average. 

However, the property damage insurance losses are substantially better than average, which means property damage liability insurance for the Honda Accord will be more affordable. But the personal injury coverage, which has a worse than average loss ratio, will not be as competitively priced.

Should you compare the Honda Accord to other vehicles in the same car class?

Before taking the plunge and purchasing a Honda Accord, or any car for that matter, it is worth comparing the vehicle to other cars in the same class. Officially, the IIHS classifies the Accord as a midsize four-door car. 

Check out other comparable midsize sedans in the list below and see how the car insurance rates vary.

• Chevrolet Malibu
• Nissan Altima
• Toyota Camry

Comparing the Honda Accord to similar vehicles can help you save money on car insurance, especially if the Honda Accord has better insurance loss ratios than other vehicles in the same class.

By comparing vehicles this way, you’ll be able to estimate which car is within your budget, meets your personal needs, and will not cost you an arm and a leg to insure.  

What is the Honda Accord cost to own? The Honda Accord prices range from $23,570 for the LX model up to $29,970 for the EX-L model, with the Hybrid, Sport, and EX models priced in between. 

The entry price for an Accord LX is lower than the Toyota Camry LE but is slightly higher than both the Nissan Altima 2.5 S and the Hyundai Sonata SE. Fortunately, the overall economical Honda prices will help keep your insurance rates low. 

You are now an expert on securing affordable Honda Accord insurance rates. If you are on the hunt for a good looking sedan that offers a top-notch suite of safety features and is affordable to insure, the Honda Accord should be at the top of your list.

Before you buy Honda Accord car insurance, make sure to shop around. We can help you find cheap Honda Accord car insurance quotes from multiple companies near you.

Find your cost to insure a Honda Accord right now by entering your ZIP code into our FREE quote tool.

References:

1. https://www.iihs.org/ratings/vehicle/Honda/accord-4-door-sedan/2021
2. https://www.nhtsa.gov/vehicle/2021/HONDA/ACCORD%2520SEDAN/4%2520DR/FWD
3. https://www.iihs.org/ratings/insurance-losses-by-make-and-model