The Honda Accord is one of the most popular midsize vehicles on the market due to its reliability, quality, and resale value. If you’re looking for car insurance, you may benefit from shopping around to learn more about the best rates and coverage that match your needs. Honda Accord car insurance costs often vary depending on a driver’s age, location, policy coverage, and the vehicle’s age. Some insurance companies may also consider your marital status, education, and driving history. Read more about what else affects insurance rates and how these rates vary per model year.
Honda Accord Insurance Rate Comparisons
According to Expert Insurance Reviews, a full coverage policy costs around $1,310 annually for a Honda Accord. This means you would pay around $109 per month. A liability-only policy costs significantly less at $525 a year, or $44 per month. Drivers with a great driving record may also earn extra discounts on their policies, with some amounting to over $540 per year. Teen drivers typically have much higher rates at around $4,788 a year or $399 each month, though this number decreases as they get older.
On average, Honda Accord owners typically enjoy lower insurance rates for full coverage policies than owners of similar vehicles. An Accord usually costs around $209 less per year. This chart from Car and Driver provides comparisons between annual rates for an Accord and other midsize vehicles:
- Honda Accord: $1,310
- Subaru WRX: $1,360
- Volkswagen Passat: $1,480
- Chrysler 300: $1,514
- Infiniti Q50: $1,586
- Audi S4: $1,588
- Lincoln MKZ: $1,636
Insurance Cost Variables
Many factors contribute to the overall cost of annual insurance for a Honda Accord, and here’s a brief breakdown of what could affect your rates:
Trim Level
An Accord’s trim level may raise or lower your insurance rate depending on the type of features and elements each one has. Here’s a list that provides the different annual prices per 2022 trim level according to Insuraviz:
- Hybrid: $1,446
- Hybrid EX-L: $1,492
- LX: $1,522
- Hybrid Sport: $1,534
- Hybrid Touring: $1,586
- Sport: $1,600
- EX-L: $1,648
- Sport Special Edition: $1,648
- Touring: $1,740
Vehicle Age
While your chosen trim level may affect your insurance rate, the vehicle’s age is one of the main factors that determine the price of insurance. Older models typically cost less to insure. Consider this list to learn more about price differences based on the model year:
- 2022: $1,664
- 2021: $1,504
- 2020: $1,310
- 2019: $1,298
- 2018: $1,290
- 2017: $1,288
- 2016: $1,274
- 2015: $1,256
- 2014: $1,228
- 2013: $1,198
- 2012: $1,156
- 2011: $1,116
- 2010: $1,094
Driver Age
A driver’s age usually has a large impact on insurance prices. Teen drivers typically pay the highest rates, while drivers over 60 years old typically pay the lowest rates. Here’s a list that explains some of the price differences as drivers age:
- Teen: $4,788
- Age 20: $2,970
- Age 30: $1,368
- Age 40: $1,310
- Age 50: $1,195
- Age 60+: $1,170
Driver Location
Your location may also affect your insurance price. People who live in big cities may pay more than people who live in smaller towns or suburbs. If you live outside a big city, you may benefit from researching the average insurance rates in your area to gain a better and more localized estimate. Here’s a list of cities across the US that may help you understand more about general rates in your area:
- Los Angeles, California: $2,240
- New York, New York: $2,070
- Houston, Texas: $2,053
- Jacksonville, Florida: $1,900
- Phoenix, Arizona: $1,520
- Seattle, Washington: $1,271
- Columbus, Ohio: $1,087
Driving Record
Having a clean driving record is one of the best ways to reduce your insurance rates. Speeding tickets and accidents often increase your rates, especially if you’re a teen driver or younger than 30 years old. At-fault accidents also usually affect your annual premium. After age 20, you may see less of a price increase for minor violations such as speeding tickets.
Safety Ratings
A vehicle’s safety ratings, provided by the Insurance Institute for Highway Safety (IIHS), also affect insurance prices. The Honda Accord luckily has great safety ratings for both its technology and crash test results. Models with driver assistance technology also contribute to lower insurance rates. You may receive lower rates if your vehicle comes with features such as lane-keeping assist, traction control, electronic stability control, child safety locks, brake assist, air bags throughout the cabin, and lane departure warnings. Here’s a list of ratings for the Accord’s physical features:
- Small overlap front: driver-side: Good
- Small overlap front: passenger-side: Good
- Moderate overlap front: Good
- Side: Good
- Roof strength: Good
- Head restraints and seats: Good
Price of Parts
If you ever get into an accident, the price of parts to repair your vehicle may also affect your insurance price. Your policy may cover damage costs, but your rate may increase if the insurance company has to pay for specialized, expensive, or hard-to-get parts. Honda has many factories throughout the world, which means finding parts is usually an easy process.
How To Lower Your Insurance Costs
You may find a great insurance rate by following a few tips. Buying an older Accord usually helps lower your rate. Consider asking your preferred insurance company if they provide special loyalty discounts or other discounts that may help you save money. For example, people who have served in the military, educators, students, and some members of professional organizations can earn special discounts. You may also review your existing policy to make sure you’ve provided all the most accurate information, or make sure you’re paying for the coverage you need. Some people also bundle their home and auto insurance.
Insurance Companies for Honda Accords
Most car insurance companies offer deals and bundles depending on the type of coverage you require and if you prefer additional coverage or features such as roadside assistance. Here’s a list of insurance companies and their average annual rates for Honda Accord models:
- USAA: $1,038
- GEICO: $1,058
- Progressive: $1,177
- State Farm: $1,219
- Nationwide: $1,337
- Allied: $1,471
- Allstate: $1,516
Finding car insurance that matches your needs is an important process. Learning more about how your Accord’s features, age, and specifications affect your insurance price may help you make an informed decision regarding the policy you buy for the vehicle.
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.
