Finding competitive car insurance for a Honda Accord relies on lots of different rating factors such as how far you drive to work, the likelihood of vehicle theft, and the level of deductible you choose. Drivers will pay on average $653 each year for Accord insurance, but that cost is an estimate calculated based on a 40-year-old married female driver with full physical damage coverage and $1,000 deductibles.
If we were betting, you’re not a 40-year-old female, possibly single instead of married, or maybe you just want liability only. Even a slight difference in the factors used in pricing a policy can make a big difference in the price of coverage.
This shows why the only real way to find the cheapest coverage for your Honda is to just compare rates yourself.
Cheapest Honda Accord Insurance Rates
Vehicle trim level will be a contributing factor to the cost of insurance, so the price you will pay to insure a Accord LX 4-Dr Sedan trim level will be $226 less than the cost to insure the more expensive Accord EX-L 2-Dr Coupe version, as shown by the rates below.
Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
---|---|---|---|---|---|---|---|
Accord LX 4-Dr Sedan | $104 | $190 | $258 | $16 | $78 | $646 | $54 |
Accord EX 4-Dr Sedan | $104 | $190 | $258 | $16 | $78 | $646 | $54 |
Accord LX-P 4-Dr Sedan | $104 | $190 | $258 | $16 | $78 | $646 | $54 |
Accord EX-L 4-Dr Sedan | $118 | $232 | $258 | $16 | $78 | $702 | $59 |
Accord EX 2-Dr Coupe | $118 | $274 | $342 | $20 | $102 | $856 | $71 |
Accord LX-S 2-Dr Coupe | $118 | $274 | $342 | $20 | $102 | $856 | $71 |
Accord EX-L 2-Dr Coupe | $134 | $274 | $342 | $20 | $102 | $872 | $73 |
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Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Rates do not factor in specific location information which can revise coverage prices considerably.
Insuring your vehicle with the right company can be a challenge considering how many different companies there are to choose from in Tennessee. The company rank data listed below can help you analyze which providers to look at shopping prices with. These rankings only include large nationwide companies, so smaller companies that only insure vehicles in Tennessee are not taken into consideration for the list.
Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
---|---|---|---|---|---|---|
Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
American Family | 91 | 86 | 95 | 83% | A | 89.7 |
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Data Source: Insure.com Best Car Insurance Companies
Full coverage rates compared to liability-only
Saving money when shopping for auto insurance is the goal of the majority of vehicle owners, and one of the fastest ways to buy cheap insurance for a Honda Accord is to not buy full coverage. The information below illustrates the comparison of auto insurance rates with full coverage compared to only the Tennessee minimum liability coverage. The prices are based on no tickets, no at-fault accidents, $250 deductibles, single status, and no discounts are applied.
If the expense is averaged for all age categories, physical damage coverage on your policy costs $2,030 per year over liability only. That is a big expense that brings up the question if buying full coverage is worth the expense. There is no exact formula of when to drop physical damage coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.
Careless driving habits raise Nashville auto insurance rates
In a perfect world, the best way to earn the most affordable auto insurance rates for an Accord is to drive cautiously and avoid accidents and violations. The example below highlights how traffic violations and at-fault accidents can impact insurance rates for each age group. The prices are based on a single female driver, comp and collision included, $500 deductibles, and no discounts are factored in.
In the previous chart, the average cost of auto insurance in Tennessee per year with a clean driving record and no accidents is $1,421. Get two speeding tickets and the average cost hikes up to $1,903, an increase of $483 each year. Then add two accidents along with the two speeding tickets and the yearly cost of auto insurance for a Honda Accord goes up to an average of $3,703. That’s an increase of $2,283, or $190 per month, just for not driving carefully!
How to find more affordable insurance for a Honda Accord
Here are many money-saving solutions that can help drivers quote low-cost coverage.
- Insure your home and auto with the same company
- Do not insure for full coverage
- Avoid filing small claims
- Pay lower rates with good credit
- Raise physical damage deductibles
- Buy safe vehicles
- Compare rates and switch if you can find a better deal
The last item on the list is notably valuable, as we discussed in the article above. Coverage rates fluctuate constantly, so don’t be unwilling to change to a new company if a better rate can be found. Staying with the same car insurance company is fine, but is isn’t recommended if it’s costing you money that could be going to better use. Now is a great time to compare rates and find cheaper auto insurance for a Honda Accord in Nashville.
If you prefer to have a consultation when trying to find lower insurance rates for a Honda Accord, the agents shown below are a good start to answer your questions and help you decide which car insurance company is the best fit.
To locate a Nashville auto insurance agent close to where you live, click the button link following the list.
- Affordable Insurance Agency
3225 Gallatin Pike – Nashville, TN 37216 – (615) 645-1900 - Heather Farmer State Farm Insurance
6592 TN-100 Suite 2 – Nashville, TN 37205 – (615) 356-6503 - GEICO Insurance Agent
14981 Old Hickory Boulevard – Nashville, TN 37211 – (615) 376-2969 - Michael Davis – State Farm Insurance Agent
2817 West End Ave #209 – Nashville, TN 37203 – (615) 321-3388